Mandalay Digital Begins Trading on NASDAQ Capital Market
LOS ANGELES, June 12, 2013 /PRNewswire/ -- Mandalay Digital Group, Inc. (NASDAQ: MNDL) ("Mandalay Digital" or "the Company"), today announced that the Company started trading on The NASDAQ Capital Market under the ticker symbol MNDL.
"We are extremely pleased to begin trading on the NASDAQ," said Peter Adderton, CEO of Mandalay Digital. "NASDAQ represents to us and our shareholders a world-renowned trading platform for dynamic, well-run and fast growing technology companies. We are excited to be part of an exchange that has helped elevate the corporate and investor profile of many household technology names; we look forward to expanding our shareholder base, coverage and trading liquidity over the coming year."
About Mandalay Digital Group
Mandalay Digital Group (NASDAQ: MNDL) is at the convergence of Internet media content and mobile communications. It delivers a mobile services platform that works with mobile operators and third-party publishers to provide portal management, user interface, content development and billing technology that enables the responsible distribution of mobile entertainment. Mandalay Digital is headquartered in Los Angeles and has offices in Australia, Germany and Israel. For additional information, visit www.mandalaydigital.com.
Forward Looking Statement
Statements in this news release concerning future results from operations, financial position, economic conditions, product releases and any other statement that may be construed as a prediction of future performance or events are forward-looking statements which involve known and unknown risks, uncertainties and other factors which may cause actual results to differ materially from those expressed or implied by such statements. These factors include uncertainties as to ability to raise new capital on acceptable terms or at all, ability to manage international operations, ability to identify and consummate roll-up acquisitions targets, levels of orders, ability to record revenues, release schedules, finalization and market acceptance of new products, changes in economic conditions and market demand, pricing and other activities by competitors, and other risks including those described from time to time in Mandalay Digital Group's filings on Forms 10-K and 10-Q with the Securities and Exchange Commission (SEC), press releases and other communications.
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