There will be no new distribution of Rights. Instead, the rights certificates for the Original Subscription Rights, as issued on July 23, 2012, represent the right to purchase the units as modified. Accordingly, any holders of Original Subscription Rights, including holders who acquired Original Subscription Rights by purchasing them from others, may exercise their Rights as set forth in the offering documents.
A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.
About MotricityMotricity (Nasdaq:MOTR) empowers mobile operators, brands and advertising agencies to maximize the reach and economic potential of the mobile ecosystem through the delivery of relevance-driven merchandising, marketing and advertising solutions. Motricity leverages advanced predictive analytics capabilities to deliver the right content, to the right person at the right time. Motricity provides their entire suite of mobile data service solutions through one, integrated, highly scalable managed service platform. Motricity's unique combination of technology, expertise and go-to-market approach delivers return-on-investment for our mobile operator, brand and advertising agency customers. For more information, visit www.motricity.com or follow @motricity on Twitter. The Motricity, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7813 Safe Harbor and Forward-Looking Statements Statements made in this release and related statements that express Motricity's or its management's intentions, indications, beliefs, expectations, guidance, estimates, forecasts or predictions of the future constitute forward-looking statements, as defined by the Private Securities Litigation Reform Act of 1995, and relate to matters that are not historical facts. They include, without limitation, statements related to whether and when the Rights will be listed on the Nasdaq Global Select Market, whether we will be successful in raising any capital in the Rights Offering and what proceeds we will receive in the Rights Offering. These statements represent beliefs and expectations only as of the date of this press release and are subject to certain risks and uncertainties that may cause our actual results to differ materially from those discussed in a forward looking statement. For example, we cannot assure that the Rights Offering will be successful or that the Rights Offering will not be further extended. We may elect to update forward-looking statements but we expressly disclaim any obligation to do so, even if our beliefs and expectations change.
CONTACT: Investor and Media Contact: Alex Wellins The Blueshirt Group (415) 217-5861 email@example.com
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