Zagg Inc : Statement from ZAGG Inc
05/09/2012| 08:10am US/Eastern
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ZAGG Inc (NASDAQ:ZAGG)
(www.ZAGG.com),
a market leader in innovative mobile device accessories and
technologies, today refuted the implications in recent blog posts about
the company. The company's policy is to not comment on blog posts, but
in most recent cases these posts purposefully distort information and
erroneously reference financial results that reflect a lack of
understanding of US Generally Accepted Accounting Standards and its
application. The comments contain accusations of manipulation of
financial results, which the company vehemently denies.
The company will aggressively pursue its legal rights to address these
false and misleading statements.
In addition, with respect to the circumstances surrounding the trading
in ZAGG stock and options on Thursday, May 3, 2012, and Monday, May 7,
2012, the company will file a formal complaint with the appropriate
exchanges and will also report this matter to the Securities and
Exchange Commission's Division of Trading and Markets and Division of
Enforcement. The company will take other action if needed to protect its
business operations and the reputation of its management team, board of
directors, employees and partners. ZAGG management and its board of
directors stand by its audited financials.
The company reiterates its business strategy which is to develop
creative product solutions, be the preferred brand, and build targeted
global distribution. Our financial results, which are correctly and
accurately reported by the company, reflect the successful
implementation of this strategy. The company refers shareholders and
potential investors to the form 10-Q to be filed with the Securities and
Exchange Commission Thursday, May 10, 2012, for reported financial
results from its most recent quarter announced Thursday, May 3, 2012. In
addition, the company refers shareholders and potential investors to the
Form 10-K filed with the Securities and Exchange Commission on March 15,
2012, which includes the audited 2011 financial statements. For further
information on ZAGG's financial results, please visit the investor
relations page of the company's website available at www.ZAGG.com/investors.
Further comment on this matter will not be provided by the company or
its advisors.
About ZAGG Inc:
ZAGG Inc, based in Salt Lake City, with offices in Logan, UT, and
Shannon, Ireland, prides itself on offering premium quality and superior
service. ZAGG is a leader in innovative mobile device accessories that
protect, personalize, and enhance the mobile experience. The company
designs, produces, and distributes branded screen protection under the
invisibleSHIELD® brand, keyboards, keyboard cases, earbuds,
mobile power solutions and device cleaning accessories under the family
of ZAGG® brands. In addition, the company designs, produces
and distributes cases, earbuds and headphones under the iFrogz™
brands in the value-priced lifestyle sector. The company's products are
sold worldwide in leading consumer and electronics retailers, wireless
retailers and their affiliates, and through the ZAGG website. For more
information, visit ZAGG.com.
Investor Relations:
Genesis Select Corp.
Kim
Rogers-Carrete, 949-429-7408
krogersc@genesisselect.com
© Business Wire 2012
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