SOURCE: Warp 9, Inc.

Warp 9, Inc.

December 09, 2014 03:01 ET

Warp 9, Inc. Approved for Continued Trading on OTCQB® Marketplace

Provider of Mobile and Digital Commerce Solutions Meets Newly Announced Requirements to Promote Greater Transparency Between Companies and Their Investors

SANTA BARBARA, CA--(Marketwired - Dec 9, 2014) - Warp 9, Inc. (OTCQB: WNYN), the premier provider of mobile and digital commerce solutions for midsize online sellers, today announced that the company has been approved to continue trading on the OTCQB Marketplace. The OTC Markets Group announced new standards and eligibility requirements in March of this year, requiring currently traded companies to meet newer, stringent rules.

The new standards and compliance requirements were put in place to allow more transparency between companies and their investors. Companies looking to maintain their OTCQB trading status, like Warp 9, Inc., must maintain reporting to a U.S or foreign regulator, pass a minimum bid test of one penny ($0.01), and provide annual insight into the company's insiders, advisors, and share count. They must also not be in bankruptcy or reorganization, and must submit for approval for trading within 120 days of their Fiscal Year End.

"We're happy to make it through the approval process, and for the opportunity to continue trading on the OTCQB Marketplace," said Andrew Van Noy, CEO of Warp 9, Inc. "Warp 9 has always put an emphasis on transparency with our shareholders, so we are in full support of the new standards and compliance requirements. We're excited to continue providing premier digital commerce solutions for our customers, and sharing news and company updates with our investors as we head into the new calendar year."

Warp 9, Inc. is a mobile and digital commerce solutions provider for midsize online sellers. Earlier this year, the company launched WarpMobile Magento, a rapid development framework for adding powerful mobile websites to any Magento e-commerce store. WarpMobile Magento was implemented specifically to serve the 240,000 businesses currently using the Magento e-commerce platform, of which the company believes that 85%-90% do not have a mobile site.

The OTC Markets Group consists of 10,000 U.S. and global securities with a combined $14 trillion in market cap for the OTCQX, OTCQB, and OTC Pink marketplaces. Read the press announcement from OTC Markets Group welcoming Warp 9, Inc. to OTCQB here.

About Warp 9

Since 1998, Warp 9, Inc. is a provider of mobile and digital commerce solutions for midsize online sellers. Offering fully managed Software-as-a-Service desktop and mobile e-commerce technology, Warp 9 allows customers to focus on their core online businesses, rather than on technical implementations. To learn more about Warp 9, please visit www.warp9inc.com or on Twitter at www.twitter.com/warp9inc, or on Facebook at www.facebook.com/warp9inc.

Safe Harbor Statement

Matters discussed in this press release contain statements that look forward within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such statements that look forward. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the statements that look forward contained herein, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. These statements that look forward are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.

Contact Information

  • Media Contact:

    Eric Fischgrund
    FischTank PR and Marketing
    Email Contact

    For Sales:

    Jeremy Buel
    Tel: 805-964-3313
    Email: Email Contact