Straight Path Communications Issues Statement to Investors

Straight Path Communications Inc. (NYSE MKT: STRP), today issued a statement in response to an anonymous internet posting made by holders of short positions in its Class B common stock. Davidi Jonas, CEO of Straight Path, said, "We understand that there have been allegations raised in an anonymous internet posting by holders of short positions in our stock. We believe that the claims have no merit, and that our licenses were properly renewed for a second ten year term in compliance with applicable FCC rules. We are undertaking efforts to confirm our understanding." The Company added that it is prepared and determined to defend its rights against challenges from any source. See full press release