Mobile Broadcasting Holding, Inc.

December 05, 2014 13:44 ET

Mobile Broadcasting Holding, Inc. (MBHC) is Working to Resolve Issues Related to Clearing and Settlement of Public Market Transactions in Its Common Stock

PISCATAWAY, NEW JERSEY--(Marketwired - Dec. 5, 2014) - Mobile Broadcasting Holding, Inc. (OTC PINK:MBHC) has learned of difficulties its public stockholders are experiencing in purchase and sale of its common stock. This difficulty seems to be a result of an effective name and ticker symbol change in the trading market, but such change not yet being effective for clearing and settlement purposes.

Kenneth D. Bland, the Company's Chief Executive Officer, stated: "We are fully aware of the negative impact on our public investors to settle shares purchased in the few days preceding the market announcement and effective date of our name and ticker symbol change as well as on those responsible for trading our shares. We are working diligently on a resolution of this matter as soon as possible. We expect the trading market identification of our Company and identification for clearing and settlement purposes to be resolved in a matter of days."


This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact, regarding the intent, belief and expectations of the Company and its management with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may", "would", "will", "expect", "estimate", "anticipate", "believe", "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the Company's reports filed with the SEC. The Company is not eligible to rely on the safe harbor provided by Section 21E(c) of the Exchange Act because it is not subject to filing periodic reports under Sections 13 or 15(d) of the Exchange Act.

Contact Information

  • Mobile Broadcasting Holding, Inc.
    Kenneth D. Bland
    Chief Executive Officer
    Only information that is publicly available will be provided