NEW YORK, Dec. 13, 2017
/PRNewswire/ -- Spherix Incorporated (NASDAQ: SPEX) a
technology development company committed to the fostering of
innovative ideas, today announced that it held its Annual
Shareholder Meeting.
In addition, Robert Vander
Zanden, Chairman of the Board of Spherix, stated at the
adjournment of yesterday's meeting, "Spherix is committed to
increasing shareholder value. As part of that commitment, I am
pleased to announce that it is our intent to dividend out to our
Spherix shareholders some of the Hoth Therapeutics, Inc. stock that
Spherix acquired in July. The total number of shares to be
distributed and the timing of that distribution has not been
determined. We will provide the specifics once they have been made,
but it is our hope to make that distribution to our shareholders in
the first half of 2018."
About Spherix
Spherix is committed to advancing innovation by active
participation in all areas of the patent market. Spherix draws on
portfolios of pioneering technology patents to partner with and
support product innovation. Spherix has acquired over 100 patents
from Rockstar Consortium Inc., and several hundred patents issued
to Harris Corporation, covering a variety of methods and components
involved in switching, routing, networking, optical and
telecommunication sectors.
Forward-Looking Statements
Certain statements in this press release constitute
"forward-looking statements" within the meaning of the federal
securities laws. Words such as "may," "might," "will," "should,"
"believe," "expect," "anticipate," "estimate," "continue,"
"predict," "forecast," "project," "plan," "intend" or similar
expressions, or statements regarding intent, belief, or current
expectations, are forward-looking statements. While the Company
believes these forward-looking statements are reasonable, undue
reliance should not be placed on any such forward-looking
statements, which are based on information available to us on the
date of this release. These forward looking statements are based
upon current estimates and assumptions and are subject to various
risks and uncertainties, including without limitation those set
forth in the Company's filings with the SEC, not limited to Risk
Factors relating to its patent business contained therein. Thus,
actual results could be materially different. The Company expressly
disclaims any obligation to update or alter statements whether as a
result of new information, future events or otherwise, except as
required by law.
Contact:
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Investor
Relations:
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Hayden IR
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Brett Maas, Managing
Partner
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Phone: (646)
536-7331
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Email:
brett@haydenir.com
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www.haydenir.com
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Spherix:
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Phone: (703)
992-9325
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Email:
info@spherix.com
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www.spherix.com
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SOURCE Spherix Incorporated