Innotrac Updates Status of Trading Restriction and Receivership for IPOF Fund
08 Juni 2009 - 10:35PM
PR Newswire (US)
ATLANTA, June 8 /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 June 5,
2009, 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
September 4, 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 with fulfillment centers in seven
cities and a call center 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 2008 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,
Innotrac Corporation, +1-678-584-4020, Web Site:
http://www.innotrac.com/
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