BEIJING, Feb. 13, 2018 /PRNewswire/ -- NQ Mobile,
Inc. ("NQ Mobile" or the "Company" NYSE: NQ), a leading smart
car and smart ride company, has engaged international IR
specialists MZ Group (MZ) to lead a comprehensive strategic
investor relations and financial communications program across all
key markets.
MZ Group will work closely with NQ Mobile management to develop
and execute a comprehensive capital markets strategy designed to
increase the Company's visibility throughout the investment
community. This structured campaign will highlight NQ Mobile's
recent business successes including its divestiture of non-core
assets, acquisition of Link Motion and positioning to become a
leading services and technology platform for the connected car of
the future.
On February 27, 2018, NQ Mobile
will hold an extraordinary general meeting where the Company's
shareholders will consider, and if thought fit, officially approve
the complete rebranding effort around its new focus as a smart car
and smart ride company. In conjunction, NQ Mobile will change its
name from "NQ Mobile Inc." to "Link Motion Inc." and change its
ticker from "NQ" to "LKM." Under this new business name, NQ Mobile
will strive to redefine the value and significance the vehicle has
in people's lives through a "smart ride service" that enables
passengers to most efficiently utilize their riding time in any way
they desire.
Link Motion's core product offering is the Link Motion CarBrain
Platform, a technology-enabling platform that brings
software-defined car capabilities to car makers. The CarBrain
integrates software and hardware solutions, addressing the
performance needs for security, entertainment, display, telematics
and driving services, among other applications. This fully
integrated OS and hardware platform will replace the myriad of
electronic control unit complexities while providing car makers
with a robust and secure solution, over-the-air (OTA) updates and a
fully connected car.
Link Motion's core service offering is the Smart Ride Business,
which will link passengers with a passenger-centric and
services-oriented smart car, and will ultimately be powered by Link
Motion's CarBrain platform. The ride sharing business will provide
riders with a differentiated set of services and applications in a
connected and intelligent "Smart Space" service and car. This
disruptive methodology creates a new ecosystem for the next
generation of ride sharing.
MZ has developed a distinguished reputation as a premier
resource for institutional investors, brokers, analysts and private
investors. The firm has six offices across North America, a strong presence in
Asia and LatAm, and maintains
extensive relationships with investors throughout Europe. Additionally, MZ Group was recently
ranked the No. 1 consultancy in Latin
America and No. 7 in the world in business
communication.
Managing Director and Head of MZ North America's Orange County
Office, Chris Tyson, will be
advising NQ Mobile in all facets of corporate and financial
communications, including the coordination of roadshows and
investment conferences across key cities and building brand
awareness with the financial media.
"NQ Mobile has spent the last few years foundation building and
preparing the Company to become a leader in the connected car
environment and we believe the integration of Link Motion now
positions the Company as a services and technology platform of the
future," commented Ted Haberfield,
President of MZ North America. "With an estimated $100 billion car services market opportunity in
China alone, we look forward to
conveying Link Motion's unique investment thesis in conjunction
with their upcoming rebranding and Summer 2018 rollout of their new
Smart Ride Business in China."
"We have been preparing our organization, our business
strategies, and an industry ecosystem for the future with Link
Motion," stated Matt Mathison, Vice
President of Capital Markets of NQ Mobile. "An important part of
our rebranding efforts and ultimate future focus as a smart car and
smart ride Company, also involves bringing in advisors and
strategic leaders who can help us with our entire investor,
shareholder and financial analyst communication strategy. We are
confident that MZ will help us capitalize on our overall business
efforts and help us to execute a comprehensive strategy and enhance
our awareness with the investment community."
About MZ Group
MZ, founded in 1999, combines capital markets intelligence,
global investor targeting, IR technology, corporate governance,
media and corporate communication and IR consulting, providing
comprehensive programs that successfully build and manage
shareholder value. With a team of highly experienced senior
professionals and an integrated service portfolio, MZ ensures that
companies are provided with the right tools and strategies to
interact effectively with the investment community and the media,
successfully conveying the investment message. MZ's market
intelligence, advisory and tactical support activities for investor
relations and corporate communications programs are underpinned by
a comprehensive IT infrastructure, allowing companies to rapidly
achieve global standards of best practices. For more information,
please visit www.mzgroup.us.
About NQ Mobile Inc.
NQ Mobile Inc. ("NQ Mobile" or the "Company" NYSE: NQ) is a
leading smart ride business. Link Motion's portfolio of
offerings includes enabling technology solutions and secure
connected carputers for the ecosystem of car businesses, consumer
ride sharing services, as well as legacy mobile security,
productivity and other related applications. For more
information on Link Motion, please
visit www.lkmotion.com.
Forward-Looking Statements
This news release contains "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates" and similar
statements. All statements other than statements of historical fact
in this press release are forward-looking statements and involve
certain risks and uncertainties that could cause actual results to
differ materially from those in the forward-looking statements.
These forward-looking statements are based on management's current
expectations, assumptions, estimates and projections about the
Company and the industry in which the Company operates, but involve
a number of unknown risks and uncertainties. Further information
regarding these and other risks is included in the Company's
filings with the U.S. Securities and Exchange Commission. The
Company undertakes no obligation to update forward-looking
statements to reflect subsequent occurring events or circumstances,
or changes in its expectations, except as may be required by law.
Although the Company believes that the expectations expressed in
these forward-looking statements are reasonable, it cannot assure
you that such expectations will turn out to be correct, and actual
results may differ materially from the anticipated results. You are
urged to consider these factors carefully in evaluating the
forward-looking statements contained herein and are cautioned not
to place undue reliance on such forward-looking statements, which
are qualified in their entirety by these cautionary statements.
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SOURCE NQ Mobile Inc.