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Latest Updates & Insights on Velti Plc (NASDAQ:VELT)

 
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Las Vegas, NV -- (SBWIRE) -- 12/03/2013 -- Velti Plc (NASDAQ:VELT) has announced recently of the company’s intention to voluntarily delist the ordinary shares from the NASDAQ Global Select Market. It is anticipating the delisting of its ordinary shares to become in effect 10 days following the filing.

This voluntary decision was taken following Velti Plc’s review of several factors, such as the disclosed denial with the minimum bid price requirements of NASDAQ In addition, inability to satisfy questions raised by NASDAQ concerning the company’s ability to maintain eligibility for continued listing.

Velti Plc sale of the company’s mobile marketing businesses in United Kingdom, United States of America and India to GSO Capital Partners was also interrogated.

Velti plc is engaged in the mobile marketing and advertising technology for brands, advertising agencies, mobile operators, and media companies principally in Europe, the Americas, Asia, and Africa.

To find out what OTCMAGIC projects for Velti Plc for both short term and long term please click here: VELT

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