SOURCE: One Horizon Group, Inc.
BAAR, SWITZERLAND--(Marketwire - Jan 31, 2013) - One Horizon Group, Inc. (OTCQB: OHGI) today announced that it obtained the requisite approval for a change of name at FINRA from Intelligent Communication Enterprise Corporation to One Horizon Group, Inc. The name change became effective at FINRA at the opening of business on January 31, 2013.
On December 27, 2012, the Company filed Articles of Amendment in Pennsylvania, its state of incorporation, to change its name from Intelligent Communication Enterprise Corporation to One Horizon Group, Inc. In connection with the name change, the Company also filed with FINRA to change its ticker symbol. The Company's ticker symbol changed to OHGI from ICMC effective at the opening of business December 31, 2012.
"The name change at FINRA, together with the ticker symbol change, finalizes the securities exchange process between One Horizon Group Plc and Intelligent Communication Enterprise Corporation," stated Mark White, the Company's CEO.
Following the completion on November 30, 2012 of the Securities Exchange Agreement between the Company and One Horizon Group Plc, the Company changed its strategic focus to align its efforts and its corporate identity behind its flagship product, Horizon VoIP platform for Smartphones. In connection with its change in strategic focus, in December 2012, the Company disposed of its non-core assets, Global Integrated Media, Ltd., a media company incorporated under the laws of Hong Kong, and all of the assets and operations of its Modizo business, a celebrity blogging platform.
About One Horizon Group
One Horizon Group, Inc.'s business is to optimize communications over the Internet. It is the parent company of Horizon Globex GmbH. Horizon Globex develops the Horizon solution, which is one of the world's most bandwidth-efficient mobile VoIP platform for smartphones, and also offers a range of other optimized data applications including messaging and mobile advertising. Horzin Globex is an ISO 9001 and ISO 20000-1 certified company. The Company has operations in Switzerland, UK, China, Russia, India, Thailand, Singapore and Hong Kong. For more information on the Company, its products and and services, please visit http://www.onehorizongroup.com.
Safe Harbor Statement
This news release may contain "forward-looking" statements. These forward-looking statements are only predictions and are subject to certain risks, uncertainties and assumptions that could cause actual results to differ from those in the forward-looking statements. Potential risks and uncertainties include such factors as uncertainty of consumer demand for Company's products, as well as additional risks and uncertainties that are identified and described in Company's SEC reports. Actual results may differ materially from the forward-looking statements in this press release. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. Company does not undertake, and it specifically disclaims, any obligation to update any forward-looking statements to reflect occurrences, developments, events, or circumstances after the date of such statement.