INVESTOR ALERT: Investigation of CPI Card Group, Inc. Announced by Law Offices of Howard G. Smith
Law Offices of Howard G. Smith announces an investigation on behalf of investors of CPI Card Group, Inc. (“CPI Card Group”
or the “Company”) (NASDAQ: PMTS) concerning the Company and its officers’ possible violations of federal securities laws.
CPI Card Group, together with its subsidiaries, engages in the design, production, data personalization, packaging and
fulfillment of financial payment cards.
On May 11, 2016, CPI Card Group announced poor financial results for the quarter ended March 31, 2016. Blaming “much greater
than anticipated” unissued card inventories at large issuers, as well as evidence of “slower than anticipated” conversions for
small to mid-sized issuers, CPI Card Group missed profit and sales expectations by large margins.
On this news, shares of CPI Card Group have fallen over 57% since the Company’s initial public offering price of $10 per share.
As of May 12, 2016 during intra-day trading, CPI Card Group shares are valued at just $4.15 per share.
If you purchased CPI Card Group securities, have information or would like to learn more about these claims, or have any
questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith,
Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at
215-638-4847, toll-free at 888-638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
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