Innotrac Updates Status of Trading Restriction and Receivership for IPOF Fund
15 Dezember 2008 - 11:29PM
PR Newswire (US)
ATLANTA, Dec. 15 /PRNewswire-FirstCall/ -- Innotrac Corporation
(NASDAQ: INOC) today updated its previous announcement regarding
the restriction placed on the trading of Company stock in the IPOF
Fund, L.P. administered by the receiver appointed by the United
States District Court in Cleveland, Ohio. In an order dated
December 4, 2008, the Court extended the period during which
financial institutions holding Company stock owned by the IPOF
Fund, Mr. Dadante or Dadante-related entities are restricted from
trading any of these shares as defined in the Court's prior orders
until March 6, 2009. Innotrac Innotrac Corporation, founded in 1984
and based in Atlanta, Georgia, is a full-service fulfillment and
logistics provider serving enterprise clients and world-class
brands. The Company employs sophisticated order processing and
warehouse management technology and operates eight fulfillment
centers and two call centers in seven cities spanning all time
zones across the continental United States. For more information
about Innotrac, visit the Innotrac Website,
http://www.innotrac.com/. Information contained in this press
release, other than historical information, may be considered
forward-looking in nature. Forward-looking statements in this press
release include our expectations for future progress in our
business and future generation of cash flows. Forward-looking
statements are subject to various risks, uncertainties and
assumptions. Should one or more of these risks or uncertainties
materialize, or should underlying assumptions prove incorrect,
actual results may vary materially from those anticipated,
estimated or expected. Among the key factors that may have a direct
bearing on Innotrac's operating results, performance or financial
condition are competition, the demand for Innotrac's services,
Innotrac's ability to retain its current clients and attract new
clients, realization of expected revenues from new clients, the
state of the telecommunications and direct response industries in
general, changing technologies, Innotrac's ability to maintain
profit margins in the face of pricing pressures and numerous other
factors discussed in Innotrac's 2006 Annual Report on Form 10-K and
other filings on file with the Securities and Exchange Commission.
Innotrac disclaims any intention or obligation to update or revise
any forward-looking statement whether as a result of new
information, future events or otherwise. DATASOURCE: Innotrac
Corporation CONTACT: George Hare, Chief Financial Officer of
Innotrac Corporation, +1-678-584-4020, Web site:
http://www.innotrac.com/
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