NQ Mobile Inc. Will Report Third Quarter 2013 Results as Scheduled on November 12, 2013
Company to Host Second Annual Analyst/Investor Day in New York on November 19, 2013
BEIJING and DALLAS, Nov. 8, 2013 /PRNewswire/ -- NQ Mobile Inc. (NYSE: NQ), a leading global provider of mobile Internet services, ("NQ Mobile" or "the Company"), will report its third quarter 2013 results, as originally scheduled, after the U.S. markets close on Tuesday, November 12, 2013.
NQ Mobile's management team will hold an earnings conference call to discuss its results and outlook at 8:00 p.m. U.S. Eastern Standard Time on Tuesday, November 12, 2013, (9:00 a.m. Beijing/Hong Kong Time on Wednesday, November 13, 2013). The dial-in details for the conference call will be made available on the Investors Relations section of NQ Mobile's website at http://ir.nq.com.
Analyst/Investor Day to be held in New York City, November 19
As previously announced, the Company will host its second annual analyst/investor day in New York on November 19, 2013.
During the day, members of NQ Mobile's senior management and executives of major business units will give formal presentations and host Q&A sessions to discuss the Company's corporate, product, channel, marketing and investment strategies and outlook, as well as recent business updates. In addition, several business partners of NQ Mobile will participate to provide more information about our partnership and their perspective on the Company.
Registration is scheduled to begin at 12:30 p.m. EST and the program will begin at 1:00 p.m. on November 19, 2013 in New York. Interested investors should email firstname.lastname@example.org to RSVP for the event no later than November 1, 2013. Detailed venue information will be communicated to participants upon RSVP.
Independent Review by the Special Committee
On October 26, 2013, the Company announced that its board of directors formed a special committee (the "Special Committee"), comprised of four independent directors of the Company, to conduct an independent review of allegations raised in a report issued by a short-seller research company dated October 24, 2013. On November 1, 2013, the Company announced that the Special Committee has retained the global law firm of Shearman & Sterling LLP to advise it in connection with its independent review, and Shearman & Sterling LLP has in turn engaged Deloitte & Touche Financial Advisory Services Limited as forensic accountants to assist it in the matter. As of the date of this press release, the independent review of the Special Committee is still ongoing. As previously indicated, the Company believes that the short-seller's report contains numerous errors of fact, misleading speculations and malicious interpretations of events. Nevertheless, in order to provide the highest level of transparency to its shareholders, the management of the Company has fully cooperated with the Special Committee in its ongoing review and will continue to do so in the future.
About NQ Mobile
NQ Mobile Inc. (NYSE: NQ) is a leading global provider of mobile Internet services. NQ Mobile is a mobile security pioneer with proven competency to acquire, engage, and monetize customers globally. NQ Mobile's portfolio includes mobile security and mobile games as well as advertising for the consumer market and consulting, mobile platforms and mobility services for the enterprise market. As of June 30, 2013, NQ Mobile maintained a large, global user base of 372 million registered user accounts and 122 million monthly active user accounts through its consumer mobile security business, 87 million registered user accounts and 16 million monthly active user accounts through its mobile games and advertising business and over 1,250 enterprise customers. NQ Mobile maintains dual headquarters in Dallas, Texas, USA and Beijing, China. For more information on NQ Mobile, please visit http://www.nq.com/.
NQ Mobile Inc.
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SOURCE NQ Mobile Inc.
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