BEIJING, Feb. 13, 2018 /PRNewswire/ -- NQ Mobile, Inc. ("NQ Mobile" or the "Company" NYSE: NQ), a leading smart car and smart ride company, has engaged international IR specialists MZ Group (MZ) to lead a comprehensive strategic investor relations and financial communications program across all key markets.
MZ Group will work closely with NQ Mobile management to develop and execute a comprehensive capital markets strategy designed to increase the Company's visibility throughout the investment community. This structured campaign will highlight NQ Mobile's recent business successes including its divestiture of non-core assets, acquisition of Link Motion and positioning to become a leading services and technology platform for the connected car of the future.
On February 27, 2018, NQ Mobile will hold an extraordinary general meeting where the Company's shareholders will consider, and if thought fit, officially approve the complete rebranding effort around its new focus as a smart car and smart ride company. In conjunction, NQ Mobile will change its name from "NQ Mobile Inc." to "Link Motion Inc." and change its ticker from "NQ" to "LKM." Under this new business name, NQ Mobile will strive to redefine the value and significance the vehicle has in people's lives through a "smart ride service" that enables passengers to most efficiently utilize their riding time in any way they desire.
Link Motion's core product offering is the Link Motion CarBrain Platform, a technology-enabling platform that brings software-defined car capabilities to car makers. The CarBrain integrates software and hardware solutions, addressing the performance needs for security, entertainment, display, telematics and driving services, among other applications. This fully integrated OS and hardware platform will replace the myriad of electronic control unit complexities while providing car makers with a robust and secure solution, over-the-air (OTA) updates and a fully connected car.
Link Motion's core service offering is the Smart Ride Business, which will link passengers with a passenger-centric and services-oriented smart car, and will ultimately be powered by Link Motion's CarBrain platform. The ride sharing business will provide riders with a differentiated set of services and applications in a connected and intelligent "Smart Space" service and car. This disruptive methodology creates a new ecosystem for the next generation of ride sharing.
MZ has developed a distinguished reputation as a premier resource for institutional investors, brokers, analysts and private investors. The firm has six offices across North America, a strong presence in Asia and LatAm, and maintains extensive relationships with investors throughout Europe. Additionally, MZ Group was recently ranked the No. 1 consultancy in Latin America and No. 7 in the world in business communication.
Managing Director and Head of MZ North America's Orange County Office, Chris Tyson, will be advising NQ Mobile in all facets of corporate and financial communications, including the coordination of roadshows and investment conferences across key cities and building brand awareness with the financial media.
"NQ Mobile has spent the last few years foundation building and preparing the Company to become a leader in the connected car environment and we believe the integration of Link Motion now positions the Company as a services and technology platform of the future," commented Ted Haberfield, President of MZ North America. "With an estimated $100 billion car services market opportunity in China alone, we look forward to conveying Link Motion's unique investment thesis in conjunction with their upcoming rebranding and Summer 2018 rollout of their new Smart Ride Business in China."
"We have been preparing our organization, our business strategies, and an industry ecosystem for the future with Link Motion," stated Matt Mathison, Vice President of Capital Markets of NQ Mobile. "An important part of our rebranding efforts and ultimate future focus as a smart car and smart ride Company, also involves bringing in advisors and strategic leaders who can help us with our entire investor, shareholder and financial analyst communication strategy. We are confident that MZ will help us capitalize on our overall business efforts and help us to execute a comprehensive strategy and enhance our awareness with the investment community."
About MZ Group
MZ, founded in 1999, combines capital markets intelligence, global investor targeting, IR technology, corporate governance, media and corporate communication and IR consulting, providing comprehensive programs that successfully build and manage shareholder value. With a team of highly experienced senior professionals and an integrated service portfolio, MZ ensures that companies are provided with the right tools and strategies to interact effectively with the investment community and the media, successfully conveying the investment message. MZ's market intelligence, advisory and tactical support activities for investor relations and corporate communications programs are underpinned by a comprehensive IT infrastructure, allowing companies to rapidly achieve global standards of best practices. For more information, please visit www.mzgroup.us.
About NQ Mobile Inc.
NQ Mobile Inc. ("NQ Mobile" or the "Company" NYSE: NQ) is a leading smart ride business. Link Motion's portfolio of offerings includes enabling technology solutions and secure connected carputers for the ecosystem of car businesses, consumer ride sharing services, as well as legacy mobile security, productivity and other related applications. For more information on Link Motion, please visit www.lkmotion.com.
This news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. All statements other than statements of historical fact in this press release are forward-looking statements and involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These forward-looking statements are based on management's current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates, but involve a number of unknown risks and uncertainties. Further information regarding these and other risks is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and actual results may differ materially from the anticipated results. You are urged to consider these factors carefully in evaluating the forward-looking statements contained herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements.
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SOURCE NQ Mobile Inc.