FAB Universal (NYSE MKT: FU), a worldwide distributor of digital media
and entertainment, announced on April 28, 2014 that it had received
notice from NYSE MKT LLC that, indicating that the staff of NYSE MKT
(the “Staff”) intends to strike the common stock of the Company from
listing on the NYSE MKT by filing a delisting application with the U.S.
Securities & Exchange Commission (the “SEC”) pursuant to Section 1009(d)
of the NYSE MKT’s Company Guide.
The Company has requested an oral hearing before an Exchange Listing
Qualifications Panel to appeal the Staff’s determination.
About FAB Universal Corp.
FAB Universal Corp. is a global leader in digital media entertainment
sales and distribution. FAB delivers media to its customers worldwide
through Intelligent Kiosks, Retail Stores and Franchises, and online
through Apple iTunes and Google Android. We distribute billions of
movie, music, podcast, TV show and other digital files to consumers in
240 countries through three business units: Digital Media Services,
Retail Media Sales and Wholesale Media Distribution. Sales of digital
media are generated through the kiosks networks, subscription sales for
mobile devices, smartphone Apps and Netflix-like subscription models. In
2011, we distributed billions of downloads of copyrighted music, video
games, ringtones, ebooks, movies and podcasts to over 50 million people
worldwide through iPods, iPhones, iPads, iTunes, Blackberrys, Windows
Phones, Androids and many other devices and destinations. We are a
publicly held, Pittsburgh based company with thousands of shareholders
and a world-class team. Visit us on the web at www.fabuniversal.com,
email us at contact@fabuniversal.com.
Legal Notice
Legal Notice Regarding Forward-Looking Statements: “Forward-looking
Statements” as defined in the Private Securities litigation Reform Act
of 1995 may be included in this news release. These statements relate to
future events or our future financial performance. These statements are
only predictions and may differ materially from actual future results or
events. We disclaim any intention or obligation to revise any
forward-looking statements whether as a result of new information,
future developments or otherwise. There are important risk factors that
could cause actual results to differ from those contained in
forward-looking statements, including, but not limited to risks
associated with changes in general economic and business conditions,
actions of our competitors, the extent to which we are able to develop
new services and markets for our services, the time and expense involved
in such development activities, the level of demand and market
acceptance of our services or changes in our business strategies.
Copyright Business Wire 2014