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Delisting of Avid Stock Stayed Through NASDAQ Hearing Process
Cautionary Note Regarding Forward-Looking Statements.
The information provided in this notice includes forward-looking
statements that involve risks and uncertainties, including statements
about Avid's anticipated plans, objectives, expectations and intentions.
Such statements include, without limitation, statements regarding the
additional time that may be granted for Avid to regain compliance with
the NASDAQ rules; any stay that may be granted with respect to the
delisting of Avid's common stock; Avid's ability and time required to
regain compliance with NASDAQ's rules; the ongoing evaluation of Avid's
current and historical accounting practices and the outcome and timing
of such evaluation; the scope of the ongoing evaluation; and the timing
of the filing of restated financial statements and prior and future
periodic reports. These forward-looking statements are based on current
expectations as of the date of this filing and subject to known and
unknown risks and uncertainties that could cause actual results to
differ materially from those expressed or implied by such statements,
including but not limited to: the impact of restatement of financial
statements for prior periods; the impact of delays in Avid's completion
of its financial statements and the filing of its periodic reports; the
impact of the previously disclosed ongoing
Avid expressly disclaims any obligation or undertaking to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
About Avid
Through Avid Everywhere, Avid delivers the industry's most open,
innovative and comprehensive media platform connecting content creation
with collaboration, asset protection, distribution and consumption for
the most listened to, most watched and most loved media in the
world—from the most prestigious and award-winning feature films, music
recordings, and television shows, to live concerts and news broadcasts.
Industry leading solutions include Pro Tools®, Media Composer®, ISIS®,
Interplay®, and Sibelius®. For more information about Avid solutions and
services, visit www.avid.com,
connect with Avid on Facebook,
Twitter,
© 2013
Avid
Media Contact
lisa.kilborn@avid.com
or
Investor
Contact
tom.fitzsimmons@avid.com
Source:
News Provided by Acquire Media