Synchronoss Technologies, Inc. Submits Plan with Nasdaq to Regain Compliance
On
If the compliance plan is accepted, Nasdaq may grant
About
Forward-looking Statements
This press release contains certain “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements include, but are not limited to, plans,
objectives, expectations and intentions and other statements contained
in this press release that are not historical facts and statements
identified by words such as “expects,” “anticipates,” “intends,”
“plans,” “believes,” “seeks,” “estimates,” “outlook” or words of similar
meanings. These statements are based on the Company’s current
expectations and beliefs and various assumptions. There can be no
assurance that the Company will realize these expectations or that these
beliefs will prove correct. Examples of forward-looking statements
include, but are not limited to, statements the Company makes regarding
the Company’s ability to regain compliance with Nasdaq’s continued
listing requirements; whether Nasdaq will accept the Compliance Plan and
grant an extension; and the impact of the delay in the Company’s
completion of its financial statements and the filing of the Form 10-Q
and subsequent periodic reports. Numerous factors, many of which are
beyond the Company’s control, could cause actual results to differ
materially from those expressed as forward-looking statements. These
factors include, but are not limited to, risks associated with the
ongoing and uncompleted nature of the Company’s accounting review;
fluctuations in the Company’s financial and operating results;
integration of the Company’s Intralinks business and execution of the
Company’s cost reduction plan; the Company’s substantial level of debt
and related obligations, including interest payments, covenants and
restrictions; uncertainty regarding increased business and renewals from
existing customers; the dependence of the Company’s Intralinks business
on the volume of financial and strategic business transactions;
disruptions to the implementation of the Company’s strategic priorities
and business plan caused by changes in the Company’s senior management
team; customer renewal rates and attrition; customer concentration; the
Company’s ability to maintain the security and integrity of its systems;
foreign currency exchange rates; the financial and other impact of
previous and future acquisitions; competition in the enterprise and
mobile solutions markets; the Company’s ability to retain and motivate
employees; technological developments; litigation and disputes and the
costs related thereto; unanticipated changes in the Company’s effective
tax rate; uncertainties surrounding domestic and global economic
conditions; other factors that are described in the “Risk Factors” and
“Management’s Discussion and Analysis of Financial Condition and Results
of Operations” sections of the Company’s Annual Report on Form 10-K for
the year ended
View source version on businesswire.com: http://www.businesswire.com/news/home/20170717006153/en/
Source:
Investor and Media:
Synchronoss Technologies, Inc.
Daniel
Ives, 908-524-1047
daniel.ives@synchronoss.com