"Things in the company couldn't be going better" says Company President, Dale Scott Marion: "We don't understand the recent market activity, it certainly isn't reflective of the Company´s operational developments."
Frankfurt (I-Newswire) March 19, 2012 - In a letter released to some of its known (registered) shareholders earlier, Xelleon PLC, (Frankfurt XLL) had urged shareholders to stay calm, though the price of their security had been injured over the past few weeks.
The letter went on to outline that Investors had the right to be concerned but should not panic in regards to the recent dramatic drop in the Xelleon share price. The company fundamentals are very strong and are getting stronger every day. The company is in negotiating a formerly 7.1 Million USD Licensing Agreement with a leading music distribution company in the USA to include more services and license opportunities that can quickly generate substantial sales income for the company.
Xelleon is working on other licensing deals and are also looking into several strategic business acquisitions in various vertical markets for their revolutionary Impervio encryption technology to protect data, e-books, music movies and games from being pirated.
Jonathan Shack, Xelleons VP of New Business Development has made contact and is in various stages of deal negotiations with numerous prospects and has recently completed an interview with Security TV Australia.
Xelleon has just released It's beta impervio, secure document e-mailer.
Apple has recently approved the Simpozia application to allow all Apple devices to stream concerts on all Apple devices including, the Apple iphone, ipad and ipod touch.
Xelleon has just signed a contract with Equity Story to publish its AdHoc Updates, financial news and public reports.
The company's law firm has ordered the audit of Xelleon´s financials to be entered with Xelleon's Prospectus and is very confident that the German financial supervisory office BaFin will approve the Prospectus once it is completed and filed. Xelleon has also taken all necessary steps to facilitate its listing upgrade from First Quotation Board into the Entry Standard market segment on the Frankfurt Stock Exchange over the summer. The Firm has assured Xelleon there are no foreseeable problems with the application.
The company understands the listing requirements but haw no control over shareholder sentiment, automatic stop loss triggering or current market fear about first board companies.
Xelleon understands there have been hundreds of investors who have purchased Xelleon shares since the company was listed on the Frankfurt Stock Exchange in May 2011.
Company President Dale Scott Marion also stated "I personally believe that given the value of the Xelleon Assets and the company's strong fundamentals that the Xelleon share price does not properly reflect the company´s true value and there are professional reports available that confirm this assessment."
All in all Xelleon is seeing important progress on its products going to market and is on track with implementing its business plan and go-to-market strategy. Dale Marion said, “We are confident that the capital markets do appreciate successful companies and we expect this year 2012 to become very successful for Xelleon.”
Additional Resources
anti-piracy
About Xelleon PLC:
For more information, please see our website at http://www.xelleon.com.
Xelleon and Simpozia are trademarks of Xelleon PLC, the content on this page is copyright 2012. All rights reserved.
The Above is for information purposes only, Forward Looking Statements: This press release contains forward-looking statements, which express the current beliefs and expectations of the management of Xelleon PLC. Such statements are based on current expectations and are subject to risks and uncertainties, many of which are beyond our control, and could cause future results, performance, and achievements to differ significantly from the results, performance or achievements expressed or implied by such forward-looking statements. Actual results could differ materially depending on a number of factors, and we caution investors not to place undue reliance on the forward-looking statements contained in this press release. These risks and uncertainties include, but are not limited to, economic conditions, the regulatory environment, loan concentrations, vendors, employees, technology, competition, and interest rates. forward-looking statements speak only as of the date on which they are made and Xelleon PLC undertakes no obligation to update these forward-looking statements, even if new information becomes available in the future.
Company Contact Information
Xelleon PLC
Dale Marion
12 Mount Havelock, Douglas, Isle Of Man.
M1 Y1R
Phone : +44 1622 37 0680 |
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