As of September 30, 2012, CafePress had approximately $55 million in cash and short-term investments.
The timing of the EZ Prints acquisition closing will impact the extent of its financial contribution to CafePress' fourth quarter financial results. The Company will discuss third quarter financial results, the EZ Prints acquisition and fourth quarter guidance on its third quarter earnings call scheduled for November 7, 2012.
About CafePress [PRSS]:
CafePress is The World's Customization Engine TM. Launched in 1999, CafePress empowers individuals, groups, businesses and organizations to create, buy and sell customized and personalized products online using the company's innovative and proprietary print-on-demand services and e-commerce platform. Today, CafePress' portfolio of e-commerce websites include CafePress.com, CanvasOnDemand.com, GreatBigCanvas.com, Imagekind.com, InvitationBox.com, and Logosportswear.com.The CafePress logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=12183 About ezprints: ezprints, Inc., located in Norcross, Georgia, makes personalization possible everywhere consumers shop—online, on their devices, in store. They entered the photo commerce space in 1998 as a digital photo finisher for professional photographers and continue to meet that professional standard of superior color, quality materials and unwavering consistency. Today, ezprints' print-on-demand and personalization solutions power some of the world's largest brands, creating revenue streams with their world-class technology, products, design and manufacturing. For more information and a complete catalog of products and services, please visit http://www.ezpservices.com . Notice Regarding Forward Looking Statements This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including but not limited to statements regarding the Merger and the expected benefits of the Merger, the timing and level of any financial contribution to CafePress, including with respect to revenue, the potential impact of the Merger, including with respect to CafePress' ability to scale and brand power, the anticipated synergies and integration of the combined businesses, the closing of, and consideration to be paid on connection with, the Merger, statements about CafePress' expected financial results, including net revenues and adjusted EBITDA for the third quarter of fiscal year 2012. Actual events or results may differ materially from those contained in these forward-looking statements. Among the factors that could cause future events or results to vary from those contained in the forward-looking statements include, without limitation, risks and uncertainties arising from the possibility that the closing of the Merger may be delayed or may not occur; litigation or other matters that could affect the closing of the Merger; the risk that, upon completion of further quarterly financial review procedures, that the revenue results for the third quarter of fiscal year 2012 are different than the revenue results set forth in this press release; the risk that difficulties related to the integration of the businesses following the Merger will impact financial results. In addition, please refer to the periodic reports that CafePress files with the Securities and Exchange Commission ("SEC"), including on Forms 10-K, 10-Q and 8-K and the risk factors noted therein. The filings with the SEC by CafePress identify and address other important factors that could cause events or results to vary from the forward-looking statements set forth in this Form 8-K. CafePress is under no duty to update any of the forward-looking statements after the date of this Form 8-K to conform to actual results.
Check Out Our Best Services for Investors
Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Check Out Our Best Services for Investors
Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.