Identiv Regains Compliance With NASDAQ Minimum Bid Price Requirement
June 11 2014 - 9:00AM
Identiv (Nasdaq:INVE), a global security technology company that
provides trust solutions for premises, information and everyday
items, today announced that the company has received notification
from NASDAQ that it has regained compliance with the minimum bid
price rule for a continued listing on the NASDAQ Capital Market.
The bid price of its common stock has closed at $1.00 per share or
greater for at least 10 consecutive business days. In the
notification, NASDAQ advised the company that this matter is now
closed.
About Identiv
Identiv is a global security technology company that establishes
trust in the connected world, including premises, information and
everyday items. CIOs, CSOs and product departments rely upon
Identiv's trust solutions to reduce risk, achieve compliance and
protect brand identity. Identiv's trust solutions are implemented
using standards-driven products and technology, such as digital
certificates, mobility and cloud services. For more information,
visit identiv.com.
Note Regarding Forward-Looking Information
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Forward-looking statements can be identified by words such
as "anticipates," "believes," "plans," "will," "intends,"
"expects," and similar references to the future. Examples of such
statements include, without limitation, statements regarding our
expectations for additional revenue from new sales partnerships;
our ability to establish a stable financial platform on which to
execute our strategy to deliver trust solutions; our expectations
from increased investments in sales, marketing and engineering; and
our ability to achieve the level of revenues and adjusted EBITDA
results in 2014 for which we have provided guidance. Readers should
not unduly rely on these forward-looking statements, which are not
a guarantee of future performance and are subject to a number of
risks and uncertainties, many of which are outside our control,
which could cause our actual business and operating results to
differ. Factors that could cause actual results to differ
materially from those in the forward-looking statements include our
ability to realize cost savings from the restructuring of our
operations; our ability to increase revenues through new sales and
marketing programs and sales partnerships; our ability to
successfully develop and commercialize new products and solutions
that satisfy the evolving and increasingly complex requirements of
customers; our ability to finance continued investments in
technology, products and manufacturing capacity to develop products
and solutions for the market; whether the markets in which we
participate or target may grow, converge or standardize at
anticipated rates or at all, including the markets that we are
targeting; our ability to successfully compete in the markets in
which we participate or target; our ability to meet our sales
forecasts; our ability to meet financial covenants of our loan
agreement; our ability to meet growing demand for our products; and
general global political and economic factors which are beyond our
control but may unduly impact our markets and our business. For a
discussion of further risks and uncertainties related to our
business, please refer to our public company reports, including our
Annual Report on Form 10-K for the year ended December 31, 2013 and
subsequent reports filed with the U.S. Securities and Exchange
Commission. All forward-looking statements are based on information
available to us on the date hereof, and we assume no obligation to
update such statements.
CONTACT: Identiv Media Contacts:
Lesley Sullivan/Joann Wardrip
MSLGROUP
781-684-0770
identivgroup@mslgroup.com
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