Perion Announces Its Inclusion in the NASDAQ Global Select Market
December 31 2013 - 7:00AM
Business Wire
Perion Network Ltd. (NASDAQ: PERI), today announced its
inclusion in NASDAQ's highest-tiered trading platform, the NASDAQ
Global Select Market, starting January 2, 2014.
As indicated by NASDAQ, the NASDAQ Global Select Market has the
highest financial listing standards of any exchange in the world,
based on stringent financial and liquidity requirements. NASDAQ
Global Select Market companies are selected based on financial,
qualitative, and liquidity requirements, as well as adherence to
NASDAQ corporate governance requirements.
"We are very proud to have qualified for the NASDAQ Global
Select Market," said Josef Mandelbaum, Perion’s CEO. "This
achievement follows Perion’s acquisition of ClientConnect, planned
to close in early January, and is indicative of our commitment to
generating value for our shareholders. We believe inclusion in this
top tier of companies, reflects the Company's continuous dedication
to the highest financial standards and corporate governance
practices."
About Perion Network Ltd.
Perion Network, Ltd. (NASDAQ: PERI) is a global consumer
internet company that develops applications to make the online
experience of its users simple, safe and enjoyable. Perion’s three
main consumer brands are: Incredimail, Smilebox and SweetIM.
Incredimail is a unified messaging application enabling
consumers to manage multiple email accounts and Facebook messages
in one place with an easy-to-use interface and extensive
personalization features, and is available in over 100 countries in
8 languages; Smilebox is a leading photo sharing and social
expression product and service that quickly turns life's moments
into digital keepsakes for sharing and connecting with friends and
family, in a fun and personal way. SweetIM is an instant
messaging application that enables consumers to personalize their
everyday communications with free, fun and easy to use content.
Perion products have had over 300 million downloads to date with
more than 50 million monthly unique visitors across all of its
brands. Perion also offers and develops a range of products for
mobile phones and tablets to answer its users increasing mobile
demands. For more information on Perion please visit
http://www.perion.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 Perion.
The words “will”, “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 Perion with respect to future events and are
subject to risks and uncertainties. Many factors could cause the
actual results, performance or achievements of Perion to be
materially different from any future results, performance or
achievements that may be expressed or implied by such
forward-looking statements, or financial information, including,
among others, the failure of any closing conditions to the Share
Purchase to be satisfied and the failure of the proposed
transaction to be consummated for any other reason, the failure to
realize the anticipated benefits of the proposed transaction; risks
entailed in integrating the ClientConnect business with Perion’s
other businesses, including employee retention and customer
acceptance; the risk that the transaction will divert management
and other resources from the ongoing operations of the two
businesses or otherwise disrupt the conduct of those businesses,
potential litigation associated with the transaction, and general
risks associated with the business of Perion and with the
ClientConnect business, including changes in the markets in which
the businesses operate and in general economic and business
conditions, loss of key customers, 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 referenced in this press release. Various other risks and
uncertainties may affect Perion 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/A for the year ended December 31, 2012 and the Proxy
Statement. Perion does not assume any obligation to update these
forward-looking statements.
Source: Perion Network Ltd.
Perion Investor RelationsDeborah Margalit,
+972-3-7696100investors@perion.comorHayden/MS-IR LLCBrett Maas /
Miri Segal-Scharia646-536-7331 / 917-607-8654Brett@haydenir.com /
msegal@ms-ir.com
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