BEIJING, March 12, 2018 /PRNewswire/ -- Link Motion Inc.
("Link Motion" or the "Company")
(NYSE: NQ), a leading smart
car and smart ride company, today announced the effective date for
the change of its corporate name from "NQ Mobile Inc." to "Link
Motion Inc." and ticker symbol for its ADS traded on the New York
Stock Exchange from "NQ" to "LKM," effective at the opening of
trading on March 14, 2018.
"We are very pleased with the results of the EGM in February as
it aligns our Company's name with our new strategic direction as a
leading company in the smart car and smart ride space," stated Dr.
Vincent Wenyong Shi, Chairman of
Link Motion. "In conjunction with our corporate name change from NQ
Mobile to Link Motion, we have decided to change our ticker to LKM
as a part of our broader rebranding initiatives. We look forward to
providing an update on exciting new developments within our smart
car and smart ride business over the next several months, which we
believe will help create value for our shareholders."
No action is needed from current shareholders in relation to the
ticker symbol change. The ADS will continue to be listed on the
NYSE, and the CUSIP will change to 53577L105. As part of the
change, the company's ADS will be updated to reflect the new "LKM"
ticker.
About Link Motion Inc.
Link Motion Inc. ("Link Motion" or the "Company") (NYSE: NQ) is a leading smart car and
smart ride company. Link Motion's portfolio of offerings
includes enabling technology solutions and secure connected
carputers for the ecosystem of car businesses, consumer ride
sharing services, as well as legacy mobile security, productivity
and other related applications. For more information
on Link Motion, please visit www.lkmotion.com.
Forward-Looking Statements
This news release contains "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates" and similar
statements. All statements other than statements of historical fact
in this press release are forward-looking statements and involve
certain risks and uncertainties that could cause actual results to
differ materially from those in the forward-looking 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.
Although the Company believes that the expectations expressed in
these forward-looking statements are reasonable, it cannot assure
you that such expectations will turn out to be correct, and actual
results may differ materially from the anticipated results. You are
urged to consider these factors carefully in evaluating the
forward-looking statements contained herein and are cautioned not
to place undue reliance on such forward-looking statements, which
are qualified in their entirety by these cautionary statements.
Media & Investor Relations
MZ North America
Chris Tyson
Managing Director
949-491-8235
LKM@mzgroup.us
www.mzgroup.us
Luke Zimmerman
Senior Associate
949-259-4987
LKM@mzgroup.us
www.mzgroup.us
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SOURCE NQ Mobile Inc.