UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): March 26, 2015
AUDIOEYE, INC.
DELAWARE |
|
333-17743 |
|
20-2939845 |
(State or other jurisdiction of incorporation) |
|
(Commission File Number) |
|
(IRS Employer Identification No.) |
5210 E. Williams Circle, Suite 500
Tucson, Arizona 85711
(Address of principal executive offices)
(866) 331-5324
(Registrants telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (See General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act of 1933 (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(e) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.02 Results of Operations and Financial Condition.
The information contained in Item 4.02 of this Current Report on Form 8-K is incorporated by reference into this Item 2.02.
Item 4.02 Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review.
On March 26, 2015, the Audit Committee of the Board of Directors of AudioEye, Inc. (the Company), based in part on the recommendation of the Companys management and in consultation with the Companys auditors and advisors, concluded that because of errors identified in the Companys previously issued financial statements, the Company will restate its previously issued financial statements for its quarters ended March 31, June 30 and September 30, 2014. The Audit Committee also authorized an internal review of controls and policies. Accordingly, investors should no longer rely upon the Companys previously released financial statements or other financial data for these periods, including any interim period financial statements, and any earnings releases relating to these periods. In addition, investors should no longer rely on the preliminary earnings release issued by the Company on January 12, 2015 relating to the quarter and year ended December 31, 2014.
Based on the review to date, the Company anticipates removing all revenue derived from non-cash exchanges of a license of the Company for the license of the Companys customer and all revenue from non-cash exchanges of a license of the Company for services of the Companys customer, and reducing by a material amount previously reported license cash revenue. The aggregate amount of revenue reported for the first nine months of 2014 for non-cash transactions was approximately $8,100,000. The reversal of revenue on the non-cash exchange transactions will also impact additional accounts including reductions in Prepaid Assets, Intangible Assets and Amortization Expense. The Company also expects that certain expenses will be reclassified. Additional adjustments may be identified pursuant to the ongoing review and analysis. The Company has also begun a review of calendar year 2013 activity to determine whether there are any adjustment that may impact previously issued financial statements. There are no known adjustments to 2013 financials at this time. The cash balance is not impacted by these changes.
The Company, along with its advisors and outside accountants, continues to perform its review in order to conclude and quantify the impact. The Company expects to complete this process and file its restated financial statements over the course of the next several weeks. The Company does not expect to timely file its Form 10-K for calendar year 2014 or its Form 10-Q for the quarter ended March 31, 2015. Subject to the completion of the audit and the restatement of previously issued financial statements, the Company expects to be timely with its filings for the Form 10-Q for the quarter ended June 30, 2015.
In accordance with Section 404 of the Sarbanes-Oxley Act of 2002, the Companys management has been assessing the effectiveness of the Companys internal controls over financial reporting and disclosure controls. Based on this assessment, the Company expects to report material weaknesses in the Companys internal controls and therefore conclude that internal controls over financial reporting and disclosure controls are not effective.
The Audit Committee and management have discussed the matters disclosed in this Current Report on Form 8-K with MaloneBailey, LLP, the Companys independent registered public accounting firm.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Effective March 29, 2015, the Company appointed Donald Weinstein as Chief Financial Officer, who will fulfill the role pursuant to an Interim Services Agreement as of March 29, 2015 between the Company and Randstad Professionals US, LP, d/b/a Tatum (Tatum) (the Services Agreement). The
2
Services Agreement may be terminated by either party at any time for any reason upon notice to the other party; provided, however, the parties will endeavor to provide as much notice as possible prior to termination (preferably two business weeks). Under the Services Agreement, the Company will pay Tatum a fee of $250 per hour for Mr. Weinsteins services. Mr. Weinstein, 50, has worked for Tatum, an executive staffing firm, since March 2015. From July 2013 through February 2015, Mr. Weinstein was CFO of AccessMedia 3. From September 2004 until July 2013, Mr. Weinstein was self-employed as a contract Chief Financial Officer primarily for private-equity-backed, middle market companies including Woods Restoration Services, TextbookX.com and BountyJobs, Inc. Prior to that, from 2002 until 2004, Mr. Weinstein served as Executive Vice President & Chief Financial Officer of MasTec, Inc., a New York Stock Exchange listed Company that was the second largest international specialty contractor for telecommunications and energy infrastructure construction to telecom vendors, wireless providers, cable TV operators and energy companies. From 1999 to 2001, Mr. Weinstein served as Senior Vice President & Chief Financial Officer of AGL Resources, Inc., a New York Stock Exchange listed Company that was the largest U.S. natural gas distribution Company. Mr. Weinstein holds a Bachelors degree in Accounting from the University of Connecticut.
Also, effective March 29, 2015, Edward ODonnell resigned from his position as the Companys Chief Financial Officer.
Forward-Looking Statements
Except for historical information, the matters discussed herein are forward-looking statements within the meaning of the federal securities laws and regulations. Forward-looking statements include statements regarding the Companys intent to restate its prior financial statements, the estimated impact of the restated financials, and the expected timing of filing the restated financial reports. There can be no assurance that the Companys management, Audit Committee or independent registered public accounting firm will not reach conclusions regarding the impact of the restatement that are different from managements preliminary estimates or identify other considerations in connection with the restatement and the audit and review process, or that these issues will not require additional adjustments to the Companys prior financial results. All of these statements are subject to risks and uncertainties which may cause actual results to differ materially from those stated here. These risks and uncertainties include, but are not limited to, the risk that additional information may arise from the oversight of the Audit Committee, the risk that the process of preparing and auditing the financial statements or other subsequent events would require the Company to make additional adjustments, the time and effort required to complete the restatement of the financial reports, the ramifications of the Companys potential inability to timely file required reports, including the risk of litigation or governmental investigations or proceedings relating to such matters. Other risks are described more fully in the Companys filings with the Securities and Exchange Commission. Forward-looking statements reflect managements analysis as of the date of this Current Report. The Company does not undertake to revise these statements to reflect subsequent developments.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. |
|
Description |
10.1 |
|
Separation and Release Agreement between the Company and Edward ODonnell. |
|
|
|
99.1 |
|
Press Release of AudioEye, Inc. issued April 1, 2015. |
3
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: April 1, 2015 |
AUDIOEYE, INC. |
|
|
|
|
|
By: |
/s/ NATHANIEL T. BRADLEY |
|
|
Nathaniel T. Bradley |
|
|
President and Chief Executive Officer |
4
INDEX TO EXHIBITS
Exhibit No. |
|
Description |
10.1 |
|
Separation and Release Agreement between the Company and Edward ODonnell. |
|
|
|
99.1 |
|
Press Release of AudioEye, Inc. issued April 1, 2015. |
5
Exhibit 10.1
SEPARATION AND RELEASE AGREEMENT
This Separation and Release Agreement (Agreement) is made and entered into by and between Edward ODonnell (Employee or You), on the one hand, and AudioEye, Inc., a Delaware corporation, on the other (the Company or Employer). Employee and the Company are sometimes each referred to herein as a Party and collectively, as the Parties.
WHEREAS:
1. Employee and the Company are parties an Employment Agreement dated as of August 7, 2013 (the Employment Agreement).
2. Employee has voluntarily resigned from his employment with the Company.
NOW, THEREFORE, in consideration of the mutual promises herein contained, the Parties agree as follows.
1. You have voluntarily resigned from your employment with the Company and the Company accepts Your resignation. Effective as of March 29, 2015 (the Separation Date), your employment with the Company, including your position as Chief Financial Officer, and any and all other offices you have held with the Company or any of its affiliates, is terminated. Except for Paragraphs 8, 12, 13, and 14 of the Employment Agreement, which shall remain in effect, as of the Separation Date, the Employment Agreement is terminated and has no further force or effect.
2. Nothing in this Agreement is or shall be construed as an admission of liability.
3. Employee Acknowledgments.
(a) You have been advised by the Company to consult with the attorney of your choice before signing this Agreement and have had the opportunity to do so.
(b) You have been given the opportunity to consider this Agreement for a period of at least twenty-one (21) days, though you are not required to take such period of time.
(c) You would not be entitled to receive the consideration offered to You herein but for your signing this Agreement.
(d) You may revoke this Agreement within seven (7) days after the date You sign it by providing written notice of the revocation to the Chief Executive Officer of the Company no later than the seventh day after You sign it. It is understood and agreed that any notice of revocation received by the Chief Executive Officer of the Company after the expiration of this seven (7) day period shall be null and void.
4. This Agreement shall not become effective or enforceable and the consideration referred to below will not be paid until the seven (7) day revocation period described above has expired. Therefore, the Effective Date of this Agreement is the first day after the date the seven (7) day revocation period has expired.
5. Employee represents that he has consulted or has had sufficient opportunity to discuss with any person, including the attorney of his choice, all provisions of this Agreement, that he has
carefully read and fully understands all the provisions of this Agreement, that he is competent to execute this Agreement, and that he is voluntarily entering into this Agreement of his own free will and accord, without reliance upon any statement or representation of the Company or its representatives.
6. Provided that Employee does not revoke this Agreement as provided above, and complies with his obligations hereunder, the Company agrees as follows:
(a) The Compensation Committee, pursuant to Paragraph 8 of the Employment Agreement, has made a determination that, as a result of the Companys restatement relating to non-cash recognition, the Company is entitled to a Clawback of the following non-base salary benefits provided to Employee: i) Warrant to Purchase Common Stock issued on September 30, 2013 (the Warrant); ii) the 150,000 Incentive Stock Options granted under the 2012 Incentive Compensation Plan issued July 29, 2013 (the 2013 Options); and iii) the 330,000 Incentive Stock Options granted under the 2014 Incentive Compensation Plan issued March 24, 2014 (the 2014 Options)(Clawback Rights). As set forth in Paragraph 8 of the Employment Agreement: All determinations by the Compensation Committee (or the Board, if there is no Compensation Committee) with respect to the Clawback Rights shall be final and binding on the Company and Executive. Notwithstanding the foregoing, the Company agrees, voluntarily and as additional consideration for this Agreement, to allow Employee to keep the Warrant, one-half of the 2013 Options (75,000), and one-half of the 2014 Options (165,000) against the full Clawback Rights amount, which options shall be deemed vested as of the Effective Date. Except as set forth in this Section 6(a), as to the vested options, the terms of the options shall be as set forth in the options agreements (together, the Option Agreements) pursuant to which the 2013 Options and the 2014 Options were granted; provided, however, that You and the Company hereby amend the Option Agreements so that notwithstanding Section 6(a)(i) of the Option Agreements, any unexercised 2013 Options shall remain exercisable until July 29, 2018 and any unexercised 2014 Options shall remain exercisable until March 24, 2019.
(b) The Company will cooperate with Employee and take such steps as are reasonably necessary to facilitate the Employee being able to obtain, at his sole expense, medical benefits under The Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (COBRA) for 18 months from the Effective Date; provided, however, that notwithstanding the foregoing, the Company will pay on Employees behalf payments for such medical benefits for the period of 6 months from the Effective Date; provided, further, that nothing set forth within this Agreement shall be construed as obligating the Company to maintain and/or continue in force any benefit plan.
(c) Following the Effective Date, You will be entitled to collect from the Company and retain the Apple laptop computer from your office currently owned by the Company (excluding any peripherals such as the Apple monitor, keyboard and mouse).
7. Employee further agrees as follows:
(a) Except for the obligations of this Agreement, Employee hereby irrevocably and unconditionally releases, acquits and forever discharges the Company and each of its parent companies, predecessors, successors, assigns, agents, directors, officers, employees, representatives, attorneys, divisions, subsidiaries, affiliates, alter egos and all persons acting by, through, under or in concert with any of them (collectively Company Releases), from any and all charges, complaints, claims, liabilities, obligations, promises, agreements, controversies, damages, actions, causes of action, suits, rights, demands, costs, losses, debts and expenses (including attorneys fees and costs actually incurred), of any nature whatsoever, known or unknown (Claim or Claims) which Employee now has, owns, holds, or which Employee at any time heretofore had, owned, or held, or claims to have had, against any of the Company Releasees, including, but not limited to: (a) all Claims under the Age Discrimination in
Employment Act of 1967, as amended; (b) all Claims under Title VII of the Civil Rights Act of 1964, as amended; (c) all Claims under the Employee Retirement Income Security Act of 1974, as amended; (d) all Claims arising under the Americans With Disabilities Act of 1990, as amended; (e) all Claims arising under the Family and Medical Leave Act of 1993, as amended; (f) all Claims related to Employees employment with the Company; (g) all Claims of unlawful discrimination based on age, sex, race, religion, national origin, handicap, disability, equal pay, sexual orientation or otherwise; (h) all Claims of wrongful discharge, breach of an implied or express employment contract, negligent or intentional infliction of emotional distress, libel, defamation, breach of privacy, fraud, breach of any implied covenant of good faith and fair dealing and any other federal, state, or local common law or statutory claims, whether in tort or in contract; (i) all Claims related to unpaid wages, salary, overtime compensation, bonuses, stock, stock options, warrants, vacation pay, expenses or other compensation or benefits arising out of Employees employment with the Company; (j) all claims arising under any federal, state or local regulation, law, code or statute; (k) all claims of discrimination arising under any state or local law or ordinance; (l) all claims relating to any agreement, arrangement or understanding that Employee has, or may have, with the Company, including, without limitation, the Employment Agreement; (m) all Claims arising from Your employment or other affiliations with the Company, termination thereof, and all discussions and negotiations leading up to this Agreement; and (n) any claim by Employee of entitlement to any severance payment under the Employment Agreement.
(b) Employee further represents that he has not assigned or purported to assign any Claims released in this Agreement.
(c) Employee Releases (as defined below) further promise and agree that they will not at any time disparage the Company Releases, or any of the Company Releases products, operations, policies, decisions, advertising or marketing programs, if the effect of such disparagement reasonably could be anticipated to cause material harm to the Companys reputation, business interests or to the morale among the Companys work force, or the reputation of any Company Releases. Additionally, Employee will, unless required by law not to, refer all inquiries that he receives (whether written or oral) regarding the business or operations of the Company to the CEO (or his designee).
(d) As of the Separation Date, the Company paid the Employee two months of base pay (two-twelfths of $165,000), together with all accrued wages, vacation, expense reimbursements, and other compensation to which he is entitled. Employee expressly represents and warrants that he is not entitled to any wages, vacation, expense reimbursements, or other form of compensation other than that amount.
(e) Employee will cooperate with the Company and make himself reasonably available to answer questions and provide information to Company and its personnel with respect to Companys financial statement preparation, accounting methodology and related matters from Employees tenure with the Company.
8. The Company agrees as follows:
(a) Except for the obligations under this Agreement, the Company, on its own behalf and on behalf of each of its parent companies, predecessors, successors, assigns, agents, directors, officers, employees, representatives, attorneys, divisions, subsidiaries, affiliates and all persons acting by, through, under or in concert with any of them, hereby irrevocably and unconditionally releases, acquits and forever discharges Employee and his heirs, representatives, successors and assigns and all persons acting by, through, under or in concert with any of them (collectively, the Employee Releasees) from any and all charges, complaints, claims, liabilities, obligations, promises, agreements, controversies, damages, actions, causes of action, suits, rights, demands, cost, losses, debts and expenses (including
attorneys fees and cost actually incurred) of any nature whatsoever, which Company now has, owns, holds, or which Company at any time heretofore had, owned, or held or claims to have had against Employee.
(b) The Company has not assigned or purported to assign any Claims released by this Agreement.
(c) The Company Releasees further promise and agree that they will not at any time disparage Employee Releasees, if the effect of such disparagement reasonably could be anticipated to cause material harm to Employee Releaseess reputation.
9. Employee acknowledges his ongoing obligations of confidentiality, non-competition, non-solicitation, and return of all Company property, including confidential documents, as set forth in Paragraphs 12, 13, and 14 of the Employment Agreement.
10. No waiver or default of any term of this Agreement shall be deemed a waiver of any subsequent breach or default of the same or similar nature.
11. This Agreement shall be binding upon Employee and upon Employees heirs, administrators, representatives, executors, trustees, successors and assigns, and shall inure to the benefit of Company Releasees and each of them, and to their heirs, administrators, representatives, executors, trustees, successors, and assigns.
12. The Parties will promptly execute any and all documents that are necessary and appropriate to effectuate the terms of this Agreement.
13. The contents of this Agreement, including its terms, any monetary consideration paid therein, and the parties thereto, shall not be disclosed, released or communicated to any person (except their attorneys, spouses, and tax consultants), including natural persons, corporations, partnerships, limited partnerships, joint ventures, sole proprietorships or other business entities, except for the purpose of enforcing this Agreement or any provision therein or pursuant to a lawful subpoena or except as otherwise required by applicable law, including, without limitation, Federal securities laws. Each Party agrees to give reasonable notice to the other in the event disclosure of this Agreement is sought by subpoena or otherwise.
14. This Agreement is entered into and shall be interpreted, enforced and governed by, and construed in accordance with, the law of the State of Delaware without regard to principles of conflicts of laws. Any action or proceeding to enforce or arising out of this Agreement shall be brought in the State Courts of Delaware. In any proceeding to enforce or arising out of this Agreement, the prevailing Party shall be entitled to costs and reasonable attorneys fees.
15. This Agreement contains the sole, complete, and entire agreement and understanding of the Parties concerning the subject matters of the Agreement, and as to such matters: (a) no other agreements, written, oral, or otherwise, shall be deemed to exist or to bind any of the Parties except Paragraphs 8, 12, 13, 14 of the Employment Agreement; (b) no representative, attorney, or agent of any Party had or has any authority to make any representation or promise, whether oral or in writing, not contained in this Agreement; (c) each of the Parties acknowledges that they have not executed this Agreement in reliance upon any representation or promise, whether oral or in writing, not contained in this Agreement; and (d) this Agreement may not be amended, canceled, revoked, or modified, except by written agreement executed by all of the Parties.
16. The Parties agree that the Agreement may be executed in multiple originals. Further, facsimile or pdf email signatures shall be deemed as originals.
EXECUTED as of the Separation Date.
|
|
|
Edward ODonnell |
|
|
|
|
|
AUDIOEYE, INC. |
|
|
|
|
|
By: |
|
|
|
Name: |
Nathaniel T. Bradley |
|
|
Title: |
Chief Executive Officer |
Exhibit 99.1
PRESS RELEASE
For Immediate Release
AUDIOEYE ANNOUNCES THAT FINANCIAL STATEMENTS AND PREVIOUSLY ISSUED GUIDANCE FOR FOURTH QUARTER AND FY2014 CANNOT BE RELIED ON AND THAT MATERIAL RESTATEMENTS WILL BE FORTHCOMING
NEW CHIEF FINANCIAL OFFICER HIRED
FIRST QUARTER 2015 CASH CONTRACT BOOKINGS EXPECTED
TO APPROXIMATE $2.0 MILLION
INVESTOR CONFERENCE CALL SCHEDULED FOR 2:30 PM EDT TODAY
TUCSON, Arizona (April 1, 2015) (OTCQB: AEYE) (AudioEye or the Company) today announced that on March 26, 2015, the Audit Committee of the Companys Board of Directors, based in part on the recommendation of the Companys management and in consultation with the Companys auditors and advisors, concluded that because of errors identified in the Companys previously issued financial statements, the Company will restate its previously issued financial statements for the quarters ended March 31, June 30 and September 30, 2014.
The Audit Committee also authorized an internal review of controls and policies. Accordingly, investors should no longer rely upon the Companys previously released financial statements or other financial data for these periods, including any interim period financial statements, and any earnings releases relating to these periods. In addition, investors should no longer rely on the preliminary earnings release issued by the Company on January 12, 2015 relating to the quarter and year ended December 31, 2014.
The Company also announced that it will host an investor conference call at 2:30 p.m. Eastern Time today, Wednesday, April 1, 2015 (see details below).
FINANCIAL STATEMENT ISSUES
Based on the review to date, the Company anticipates removing all revenue derived from non-cash exchanges of a license of the Company for the license of the Companys customer and all revenue from non-cash exchanges of a license of the Company for services of the Companys customer, and reducing by a material amount previously reported license cash revenue. The aggregate amount of revenue reported for the first nine months of 2014 for non-cash transactions was approximately $8,100,000. The reversal of revenue from the non-cash exchange transactions will also impact additional accounts, including reductions in Prepaid Assets, Intangible Assets and Amortization Expense. The Company also expects that certain expenses will be reclassified. Additional adjustments may be identified pursuant to the outcome of the ongoing review and analysis. The Company has also begun a review of calendar year 2013 activity to determine whether there are any adjustments that may impact previously issued financial statements. There are no known adjustments to 2013 financials at this time. The cash balance is not impacted by these changes.
The Company, along with its advisors and outside accountants, continues to perform its review in order to conclude and quantify the impacts of the above issues upon financial statements. The Company expects to complete this process and file its restated financial statements over the course of the next several weeks. The Company does not expect to timely file its Form 10-K for calendar year 2014 or its Form 10-Q for the quarter ended March 31, 2015. Subject to the completion of the audit and the restatement of previously issued financial statements, the Company expects to be timely with its filing of the Form 10-Q for the quarter ended June 30, 2015.
In accordance with Section 404 of the Sarbanes-Oxley Act of 2002, the Companys management has been assessing the effectiveness of the Companys internal controls involving financial reporting and disclosure. Based on this assessment, the Company expects to report material weaknesses in the Companys internal controls and therefore conclude that internal controls over financial reporting and disclosure are not effective.
The Audit Committee and management have discussed the matters described herein, which will also be disclosed a Current Report on Form 8-K to be filed with the SEC today, with MaloneBailey, LLP, the Companys independent registered public accounting firm.
NEW CHIEF FINANCIAL OFFICER HIRED
Effective March 29, 2015, the Company appointed Donald Weinstein as Chief Financial Officer (CFO). Mr. Weinstein will fulfill the CFO role pursuant to an Interim Services Agreement dated March 29, 2015 between the Company and Randstad Professionals US, LP, d/b/a Tatum (Tatum) (the Services Agreement).
Also, effective March 29, 2015, Edward ODonnell resigned his position as the Companys Chief Financial Officer.
Mr. Weinstein, 50, has worked for Tatum, an executive staffing firm, since March 2015. From July 2013 through February 2015, Mr. Weinstein served as CFO of AccessMedia 3. From September 2004 until July 2013, Mr. Weinstein was self-employed as a contract Chief Financial Officer, primarily for private-equity-backed, middle-market companies including Woods Restoration Services, TextbookX.com and BountyJobs, Inc. Prior experience includes, serving as Executive Vice President and Chief Financial Officer of MasTec, Inc., a New York Stock Exchange-listed company, and as Senior Vice President and Chief Financial Officer of AGL Resources, Inc., a New York Stock Exchange-listed company - the largest U.S. natural gas distribution company. Mr. Weinstein holds a Bachelors degree in Accounting from the University of Connecticut.
FIRST QUARTER 2015 CASH BOOKINGS
The Company announced that cash bookings for the quarter ended March 31, 2015 are expected to approximate $2.0 million.
MANAGEMENT COMMENTS
With great care and expediency, we are committed to both restate our financial statements and cure the control and process issues that created the need for the restatements, said Carr Bettis, Executive Chairman of AudioEye, Inc. At its core, AudioEye is a technology company with the most complete and functional accessibility solutions available. We are very pleased with feedback from our customers, and our mandate is to pursue with a laser-like focus additional sales, increasing customer adoption rates, and the enhancement of Internet accessibility for all users.
INVESTOR CONFERENCE CALL
The Company will host an investor conference call at 2:30 p.m. Eastern Time (EDT) today, Wednesday, April 1, 2015, to further discuss information disclosed in this news release, as further detailed in a Current Report on Form 8-K to be filed by the Company today.
Shareholders and other interested parties may participate in the conference call by dialing 877-374-8416 (international participants dial 412-317-6716) and asking to be connected to the AudioEye, Inc. Conference Call a few minutes before 2:30 p.m. Eastern Daylight Time (EDT) today, Wednesday, April 1, 2015.
A replay of the conference call will be available one hour after the completion of the conference call through Wednesday, April 8, 2015 at 9:00 a.m. EDT by dialing 877-344-7529 (international participants dial 412-317-0088) and entering the conference ID # 10063357.
ABOUT AUDIOEYE, INC.
Incorporated in 2005, AudioEye focuses on achieving web access equality and usability for all people through technological expertise and innovation.
The AudioEye Web A11y Management Platform provides publishers full control over the accessibility of their web assets and web environments, allowing the publisher to recognize, remediate and report its real-time accessibility status.
AudioEye is the creator of the worlds most inclusive, cloud-based, cross-platform/cross-browser, audible reader solution for accessible web browsing. AudioEyes flagship product improves the user-friendliness of the web for all users, regardless of their unique abilities.
Whether an individual seeking improved access and usability, or a publisher looking to ensure the highest level of accessibility compliance and reach across electronic information technologies, AudioEye is Your Web Accessibility Ally.
AudioEyes common stock trades on the OTCQB under the symbol AEYE. Please visit www.audioeye.com for more information.
The company maintains offices in Tucson, New York, Atlanta and Washington, D.C.
FORWARD-LOOKING STATEMENTS
This release includes forward-looking statements contained within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding AudioEyes expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as anticipate, if, believe, plan, estimate, expect, intend, may, could, should, will and other similar expressions, are forward-looking statements. All forward-looking statements involve risks, uncertainties and contingencies, many of which are beyond AudioEyes control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. Factors that may cause actual results to differ materially from those in the forward-looking statements include those set forth in AudioEyes Form 10-K and other report filings with the SEC. AudioEye is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
For further information, please contact:
Carr Bettis
Executive Chairman
AudioEye, Inc.
(866) 331-5324
or
RJ Falkner & Company, Inc.
Investor Relations Counsel
(830) 693-4400
info@rjfalkner.com
AudioEye (NASDAQ:AEYE)
Historical Stock Chart
From Jul 2024 to Aug 2024
AudioEye (NASDAQ:AEYE)
Historical Stock Chart
From Aug 2023 to Aug 2024