Internet search engine indexes, web forums and microblogging websites
The Company does not consider internet search engine indexes, most of which are performed through Internet search rather than on mobile platforms, to have any meaningful indication of its user base; nor do internet search engines form a significant user acquisition channel for NQ Mobile. NQ Mobile has long stopped promoting web forums as a way of engaging users and rather has email-based customer care and a call center that takes live customer inquiries around the clock. Likewise, the Company does not believe its popularity on microblogging websites has any correlation to its product quality and popularity. And the nearly two-year-old CCTV event cited in the Seeking Alpha Article has been addressed by NQ Mobile in
Additional relevant management action
Management and employees own nearly 40% of the Company's total current outstanding shares. Share incentive awards granted to NQ Mobile employees typically vest over four-year periods. NQ Mobile's founders have recently announced a two-year lock-up which means they will not sell for at least three years post-IPO and for nine years following the establishment of the Company. In addition, the senior management team of the Company has completed a
management purchase plan this year, and NQ Mobile announced a share repurchase program where it may repurchase up to
worth of its outstanding ADSs over the next 12 months.
NQ Mobile remains committed to open and transparent communication with its investors.
About NQ Mobile
NQ Mobile Inc. (NYSE:
) is a leading global provider of trusted mobile Internet services built on its world-class acquisition, engagement and monetization platform. The company was one of the first to recognize the growing security threats targeting smartphone users and now has about 242 million registered and 85 million active user accounts globally. NQ Mobile's cloud-based trust platform has been recognized by third-party testing facilities around the world as the most effective solution for detecting and combating mobile threats. NQ Mobile is recognized as a global pioneer in mobile innovation and technology leadership. NQ Mobile maintains dual headquarters in
, USA and
. For more information on NQ Mobile, please visit
Forward Looking Statements
This news release contains "forward-looking statements" as defined under applicable U.S. securities regulations. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. These forward-looking statements are based on management's current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates, but involve a number of unknown risks and uncertainties. Further information regarding these and other risks is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law.