EMERYVILLE, Calif.,
Sept. 4, 2015 /PRNewswire/ --
LeapFrog Enterprises, Inc. (NYSE:LF) ("LeapFrog" or the "Company"),
the leader in innovative learning solutions for children, received
a continued listing standards notice from the New York Stock
Exchange (the "NYSE") on September 4,
2015, because the average closing price of the Company's
common stock had fallen below $1.00
over a consecutive 30 trading-day period. The Company plans to
notify the NYSE that it intends to cure the issue and regain
compliance.
The notice has no immediate impact on the listing of the
Company's common stock, which will continue to trade on the NYSE,
subject to the Company's compliance with other listing standards.
Under the NYSE rules, the Company has six months following receipt
of the notification to regain compliance with the minimum share
price requirement. The Company intends to maintain the listing of
its common shares on the NYSE and will consider all available
options to regain compliance with the NYSE's continued listing
standards.
The notice does not affect the Company's business operations or
its Securities and Exchange Commission reporting requirements.
About LeapFrog
LeapFrog Enterprises, Inc. is the leader in innovative solutions
that encourage a child's curiosity and love of learning throughout
their early developmental journey. For 20 years, LeapFrog has
helped children expand their knowledge and imagination through
award-winning products that combine state-of-the-art educational
expertise led by the LeapFrog Learning Team, innovative technology,
and engaging play – turning playtime into quality time that helps
children LeapFrog® Ahead. LeapFrog's proprietary
learning tablets and ground-breaking developmental games, learn to
read and write systems, interactive learning toys and more are
designed to create personalized experiences that encourage, excite
and build confidence in children. LeapFrog is based in Emeryville, California, and was founded in
1995 by a father who revolutionized technology-based learning
solutions to help his child learn how to read. Learn more at
www.leapfrog.com.
TM & © 2015 LeapFrog Enterprises, Inc. All rights
reserved.
Forward-Looking Statements
This release includes statements and information that could
constitute forward-looking statements made pursuant to the safe
harbor provision of the Private Securities Litigation Reform Act of
1995, including statements regarding the continued trading of
LeapFrog's stock on the New York Stock Exchange, LeapFrog's ability
to regain compliance with the continued listing requirements of the
Exchange, and the impact of receipt of the Exchange's notice on the
Company's future business operations. Additional information
regarding these and other risk factors and uncertainties are set
forth from time to time in LeapFrog's filings with the Securities
and Exchange Commission, available for viewing at www.sec.gov. All
forward-looking statements are based on information available to
LeapFrog on the date of this Release. LeapFrog does not undertake
any obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise.
Contact
Information
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Investors:
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Media:
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Nancy
Lee
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Danielle
Cantrell
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Investor
Relations
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Public
Relations
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(510)
420-5150
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(510)
420-4886
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ir@leapfrog.com
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dcantrell@leapfrog.com
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SOURCE LeapFrog Enterprises, Inc.