Innotrac Updates Status of Trading Restriction and Receivership for IPOF Fund
04 Septiembre 2009 - 3:35PM
PR Newswire (US)
ATLANTA, Sept. 4 /PRNewswire-FirstCall/ -- Innotrac Corporation
(NASDAQ: INOC) today updated its previous announcement regarding
the restriction placed on the trading of Company stock held by the
IPOF Fund, L.P., which is administered by the receiver appointed by
the United States District Court in Cleveland, Ohio. In an order
dated September 2, 2009, the Court extended the period during which
financial institutions holding Company stock owned by the IPOF
Fund, Mr. Dadante or Dadante-related entities are restricted from
trading any of these shares as defined in the Court's prior orders
until December 4, 2009. CONTACT: George Hare, Chief Financial
Officer Innotrac Corporation 678-584-4020, http://www.innotrac.com/
(INOC) Innotrac Innotrac Corporation, founded in 1984 and based in
Atlanta, Georgia, is a full-service fulfillment and logistics
provider serving enterprise clients and world-class brands. The
Company employs sophisticated order processing and warehouse
management technology and operates eight fulfillment centers and
one call center in seven cities spanning all time zones across the
continental United States. For more information about Innotrac,
visit the Innotrac Website, http://www.innotrac.com/. Information
contained in this press release, other than historical information,
may be considered forward-looking in nature. Forward-looking
statements in this press release include our expectations for
future progress in our business and future generation of cash
flows. Forward-looking statements are subject to various risks,
uncertainties and assumptions. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those
anticipated, estimated or expected. Among the key factors that may
have a direct bearing on Innotrac's operating results, performance
or financial condition are competition, the demand for Innotrac's
services, Innotrac's ability to retain its current clients and
attract new clients, realization of expected revenues from new
clients, the state of the telecommunications and direct response
industries in general, changing technologies, Innotrac's ability to
maintain profit margins in the face of pricing pressures and
numerous other factors discussed in Innotrac's 2008 Annual Report
on Form 10-K and other filings on file with the Securities and
Exchange Commission. Innotrac disclaims any intention or obligation
to update or revise any forward-looking statement whether as a
result of new information, future events or otherwise. DATASOURCE:
Innotrac Corporation CONTACT: George Hare, Chief Financial Officer,
Innotrac Corporation, +1-678-584-4020, Web Site:
http://www.innotrac.com/
Copyright