SOURCE: One Horizon Group, Inc.
BAAR, SWITZERLAND--(Marketwired - Apr 16, 2014) - One Horizon Group, Inc. (OTCQB: OHGI) ("One Horizon" or the "Company"), which develops and licenses the world's most bandwidth efficient mobile voice over Internet Protocol ("VoIP") platform for smart phones, today announced that it has RESCHEDULED its conference call to Thursday, April 17, 2014 at 9:00am ET to discuss its financial results for year ended December 31, 2013.
The Company's Founder and CTO Brian Collins will host the call.
Date: Thursday, April 17, 2014
Time: 9:00 am ET
US Dial-in: 1-877-407-0784
International Dial-in: 1-201-689-8560
Conference ID: 13579988
Please dial in at least 10 minutes before the start of the call to ensure timely participation. A playback of the call will be available until April 24, 2014 at 11:59pm ET. To listen, call 1-877-870-5176 within the United States or 1-858-384-5517 when calling internationally.
Consistent with the extension period granted to the Company after filing its Form 12b-25, on April 15 One Horizon filed its Form 10-K with the Securities and Exchange Commission (SEC). The Company's Form 10-K included restatements for the transitional period of six months ended December 31, 2012, the twelve months ended December 31, 2013 and its unaudited financial statements for the quarterly periods ended March 31, 2013 and 2012, June 30, 2013 and 2012, and September 30, 2013 and 2012, included in the Company's Quarterly Reports on Forms 10-Q, and the unaudited pro forma disclosures included in its Form 8-K/A filed on February 7, 2013. The reasons for the restatement are to record the timing of revenue recognition for certain license fees and certain contracts. One Horizon Group and its auditors determined that the straight-line method was not appropriate to recognize the revenue from certain contracts during the periods, rather the Company should instead recognize the revenue for such contracts to the extent that payments become due.
For further information please see the 10-K filed with the SEC dated April 15, 2014.
About One Horizon Group, Inc.
One Horizon Group Inc.'s business is to optimize communications over the Internet through its wholly owned subsidiary, Horizon Globex GmbH, Baar, which develops and markets one of the world's most bandwidth-efficient mobile voice over Internet Protocol (VoIP) platforms for smartphones, and also offers a range of other optimized data applications including messaging and mobile advertising. Horizon Globex GmbH is an ISO 9001 and ISO 20000-1 certified company. The Company has operations in Switzerland, the United Kingdom, China, India, Singapore, Hong Kong and Ireland. For more information on the Company, its products 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 the 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. The 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.