Mr. Johnson continued: “We decided not to proceed with our previously announced acquisition of Flash Ventures, Inc., as we were unable to reach a definitive agreement on mutually acceptable terms. However, we remain focused on leveraging our core competencies and developing distribution channels. We are looking carefully at technology joint ventures and acquisitions that focus on consumer electronic accessory technologies. We will continue to evaluate potential acquisitions when they are in your company’s best interests.
“We believe there is significant opportunity for further progress in Fiscal 2011 as we look to expand and diversify our product lines, distribution channel, and customer base, with the purpose of positioning the Company as a leader in technology accessory offerings, and we look forward to updating you on our progress.”
The tables below present our Fiscal 2011 second quarter results and are derived from the Company’s unaudited, condensed consolidated financial statements included in its Form 10-Q filed today with the Securities and Exchange Commission. Please refer to the Form 10-Q for complete, interim financial statements, and more detailed information regarding the Company’s results of operations and financial condition relating to the three and six-month periods ended March 31, 2011, as well as the Company’s Form 10-K for the fiscal year ended September 30, 2010, for additional information.
Note Regarding Forward-Looking StatementsIn addition to the historical information contained herein, this news release contains forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995) that are subject to risks and uncertainties. Actual results may differ substantially from those expressed or implied in such forward looking statements due to a number of factors. Such risk factors include but are not limited to those discussed in Item 2, Part I, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Quarterly Report on Form 10-Q filed today with the SEC, as well as in “Risk Factors” included in our Annual Report on Form 10-K for the fiscal year ended September 30, 2010, which factors are incorporated herein by reference.