Concurrent Closes Previously Announced Sale of Content Delivery & Storage Business to Vecima Networks for $29 Million; Chang...
03 Enero 2018 - 4:59PM
Concurrent (NASDAQ:CCUR) reported yesterday that it closed the
previously-announced sale of its content delivery and storage
business to Vecima Networks Inc. (VCM:TO) for $29 million in
cash. Effective immediately, the Company has changed
its name to “CCUR Holdings, Inc.” (“CCUR” or the
“Company”). The Company will continue to trade on the NASDAQ
market under the symbol “CCUR” and has launched a new website
located at www.ccurholdings.com.
About CCUR Holdings, Inc. CCUR Holdings, Inc.
(NASDAQ:CCUR) recently divested its linux and real-time business
and its content delivery and storage business. The Company is
in the process of evaluating opportunities intended to maximize the
value of its remaining assets, which consists primarily of cash and
cash equivalents. This will include the evaluation of
opportunities to invest in or acquire one or more operating
businesses intended to provide appreciation in value, thereby
enhancing the Company’s liquidity, and potentially allowing the
Company greater ability to utilize existing NOLs. More information
on the Company is available at www.ccurholdings.com.
Forward Looking Statements
Certain statements in this communication and the
documents referenced herein constitute forward-looking statements
within the meaning of the U.S. Private Securities Litigation Reform
Act of 1995. These forward-looking statements are often identified
by words such as “anticipate,” “believe,” “intend,” “estimate,”
“expect,” “see,” “continue,” “could,” “can,” “may,” “will,”
“likely,” “depend,” “should,” “would,” “plan,” “predict,” “target,”
and similar expressions, and may include references to assumptions
and relate to the Company’s future prospects, developments and
business strategies. Except for the historical information
contained herein, the matters discussed in this communication may
contain forward-looking statements that involve risks and
uncertainties that may cause the Company’s actual results to be
materially different from such forward-looking statements and could
materially adversely affect its business, financial condition,
operating results and cash flows. These risks and uncertainties
include the occurrence of any event, change or other circumstances
that could affect the ability of the Company to invest or acquire
an operating business or otherwise maximize the Company’s assets;
general business conditions; changes in overall economic
conditions; the impact of competition; and other factors which are
often beyond the control of the Company, as well other risks listed
in the definitive proxy statement filed on November 6, 2017 or the
Company’s Form 10-K filed September 20, 2017 with the Securities
and Exchange Commission and risks and uncertainties not presently
known to the Company or that the Company currently deems
immaterial. CCUR wishes to caution you that you should not place
undue reliance on such forward-looking statements, which speak only
as of the date on which they were made. CCUR does not undertake any
obligation to update forward-looking statements, except as required
by law.
Investor Relations: Doug Sherk (415)
652-9100dsherk@evcgroup.com
Todd Kehrli (310) 625-4462tkehrli@evcgroup.com
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