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

Repost This

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

OTCMAGIC Spends all day scouring the markets for the next huge Penny Stock Winner. Investors have come to trust us for our up to date commentary on all hot stocks so please visit OTCMAGIC right now and see what it’s all about for yourself! At 30,000 Visitors a Month and growing rapidly OTCMAGIC is the hottest thing in OTC Picks!

Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. PLEASE NOTE: OTCMagic.com employees are not registered as an Investment Advisor in any jurisdiction whatsoever. Full disclaimer can be read at http://OTCMagic.com/disclaimer. Release of Liability: Through use of this website viewing or using you agree to hold OTCMagic.com, its operators owners and employees harmless and to completely release them from any and all liability due to any and all loss monetary or otherwise, damage monetary or otherwise, or injury (monetary or otherwise) that you may incur. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. OTCMagic.com affiliates may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. Any opinions expressed are subject to change without notice. OTCMagic.com encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and OTCMagic.com. We make no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies. This is not a solicitation to buy or sell any securities. Any claims or Statements should be deemed hypothetical. OTCMagic.com, nor any of its affiliates are not registered investment advisors or broker dealers.