Zagg Refutes Recent Blog Claims, Reiterates Strong Operating Results and Long-Term Opportunities for Growth
ZAGG Inc (NASDAQ: ZAGG) today refuted the implications in recent blog posts about the company. The company's policy is to not comment on blog posts, but in most recent cases these posts purposefully distort information and erroneously reference financial results that reflect a lack of understanding of US Generally Accepted Accounting Standards and its application. The comments contain accusations of manipulation of financial results, which the company vehemently denies.
The company will aggressively pursue its legal rights to address these false and misleading statements.
In addition, with respect to the circumstances surrounding the trading in ZAGG stock and options on Thursday, May 3, 2012, and Monday, May 7, 2012, the company will file a formal complaint with the appropriate exchanges and will also report this matter to the Securities and Exchange Commission's Division of Trading and Markets and Division of Enforcement. The company will take other action if needed to protect its business operations and the reputation of its management team, board of directors, employees and partners. ZAGG management and its board of directors stand by its audited financials.
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