SOURCE: Code Rebel

Code Rebel

May 06, 2016 17:03 ET

Code Rebel Acknowledges Securities and Exchange Commission's Suspension of Trading

NEW YORK, NY--(Marketwired - May 6, 2016) - Code Rebel Corp. (NASDAQ: CDRB), an enterprise software development and IT Services firm that licenses its proprietary software solution to enable simplified secure access and communications between PC and Mac environments on virtually any computer, tablet or smartphone, acknowledges that today the Securities and Exchange Commission issued an order of suspension of trading of its securities effective today at 9:30 a.m. EDT through 11:59 p.m. EDT on May 19, 2016. The order stated that this action was taken "because of questions regarding the accuracy of statements in its Forms 10-Q for the quarters ended June 30, 2015 and September 30, 2015, and the Form 10-K for the year ending December 31, 2015, concerning the company's assets and financial condition."

Up to this point, Code Rebel has not received any communication from the Commission regarding the accuracy of its financial statements. Code Rebel's annual financial statements were audited and its other financial statements were reviewed by a PCAOB-registered accounting firm. Code Rebel continues to believe that its SEC reports, including its financial statements included in the 10-K and 10-Qs questioned by the SEC, are accurate in all material respects and comply with the disclosure requirements of the SEC.

For information on Code Rebel products and current uses, please visit: http://www.coderebel.com/products/ and http://www.coderebel.com/about/news/casestudies/

About Code Rebel

Code Rebel is an enterprise software and IT services company that develops, licenses, and supports software designed for cross-platform enterprise security and productivity. The proprietary Code Rebel iRAPP software addresses the growing requirement of corporate IT departments for secure access from diverse enterprise devices. Code Rebel software was developed by its in-house engineering team to address the demand for secure interoperability between mobile, desktop, and server environments and interaction between Apple and Microsoft devices and software. The company provides enterprise client support for its software to a diverse range of industries. For more information visit: http://www.coderebel.com, Facebook and Twitter.

Forward-Looking Statements

This press release contains forward-looking statements identified by words such as "estimate," "project," "expect," "intend," "believe," "anticipate" and similar expressions regarding the potential merger with Aegis and our expectations regarding the effects of such merger. These forward-looking statements are made in reliance on the safe-harbor protections provided under the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties, and actual results could differ materially from those discussed. Factors that could cause or contribute to such differences include, but are not limited to, the consummation of the merger; a decline in general economic conditions nationally and internationally; decreased demand for our products and services; market acceptance of our products; the ability to protect our intellectual property rights; the impact of any litigation or infringement actions brought against us; competition from other providers and products; risks in product development; changes in government regulation; the ability to complete customer transactions; and other factors relating to our industry, our operations and results of operations and any businesses that may be acquired by us.

You should not place any undue reliance on these forward-looking statements, which speak only as of the date of this press release. Additional information concerning factors that might affect our business or stock price, which could cause actual results to materially differ from those in forward-looking statements is contained in Code Rebel's filings, including quarterly and annual reports that we file with the Securities Exchange Commission. We undertake no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise, except as otherwise required by law.

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