IncrediMail Completes Acquisition of Smilebox Inc.
August 31 2011 - 2:12PM
Business Wire
IncrediMail Ltd. (Nasdaq:MAIL), a digital media company
that provides products and services to consumers to help make their
everyday life simpler and more enjoyable, today announced it has
completed the acquisition of Smilebox Inc., a U.S. consumer focused
photo sharing and social expression company. IncrediMail believes
the acquisition will provide for a healthier and more diverse
product portfolio and revenue mix, accelerate revenue growth and
contribute to profitability.
About IncrediMail Ltd.
Founded in 1999, IncrediMail Ltd. (NASDAQ:MAIL) is a digital
media company that builds downloadable consumer applications that
make the everyday life of its users simpler and more enjoyable.
Focusing on an underserved market of second wave adopters who
value their time online, IncrediMail offers a growing portfolio of
easy-to-use products. The Company’s products include: IncrediMail
Premium, an award winning e-mail product sold in over 100 countries
in 10 different languages; Smilebox, an award winning photo social
expression product and service that incorporates photos, videos and
music into ecards, invitations, slideshows, digital scrapbooks,
photobooks and postcards; and PhotoJoy, a photo sharing and
discovery screensaver / wallpaper product. For more information on
IncrediMail Ltd. (NASDAQ:MAIL), visit www.incredimail-corp.com.
Forward Looking Statements
This press release contains historical information and
forward-looking statements within the meaning of The Private
Securities Litigation Reform Act of 1995 with respect to the
business, financial condition and results of operations of the
Company. The words “believe,” “expect,” “intend,” “plan,” “should”
and similar expressions are intended to identify forward-looking
statements. Such statements reflect the current views, assumptions
and expectations of the Company with respect to future events and
are subject to risks and uncertainties. Many factors could cause
the actual results, performance or achievements of the Company to
be materially different from any future results, performance or
achievements that may be expressed or implied by such
forward-looking statements, including, among others, potential
litigation associated with the transaction, risks that the proposed
transaction disrupts current plans and operations and the potential
difficulties in employee retention as a result of the proposed
transaction and in integrating the acquired business, the
distraction of management and the Company resulting from the
proposed transaction, changes in the markets in which the Company
operates and in general economic and business conditions, loss of
key customers and unpredictable sales cycles, competitive
pressures, market acceptance of new products, inability to meet
efficiency and cost reduction objectives, changes in business
strategy and various other factors, whether referenced or not in
this press release. Various other risks and uncertainties may
affect the Company and its results of operations, as described in
reports filed by the Company with the Securities and Exchange
Commission from time to time, including its annual report on Form
20-F for the year ended December 31, 2010. The Company does not
assume any obligation to update these forward-looking
statements.
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