NQ Mobile IR Update for July 29th, 2014

We wanted to give you some additional information about today’s announcement regarding the Brightstar 20:20 program, as this is an exciting additional outlet for NQ Mobile products and services. Brightstar 20:20 is a global enterprise (business-to-business) program with a strong presence in Pan-European countries that provides cutting-edge business services and solutions, including distribution and value-added solutions. Through the program, resellers provide their enterprise customers with leading mobile handset brands, accessories, insurance, cellular airtime and on-device services like NQ Mobile Security.

Starting in the UK with HTC, the program is expected to extend to Brightstar’s multiple points of presence across Europe and to include additional selected manufacturers. As featured in the June issue of Mobile Today, HTC is collaborating with Brightstar to provide resellers with access to their full portfolio of products. NQ Mobile Security will be licensed and bundled with Android devices such as the HTC One (M8) and will feature simplified activation. Brightstar 20:20 also plans to include other manufacturers’ products in the program, with NQ Mobile Security, of course. We are honored to have won this opportunity with Brightstar 20:20.


In other news, NQ Mobile has picked up some more awards. NQ Mobile has received three separate honors from the 2014 Best in Biz International awards: 

The Best in Biz Awards are unique in that only writers and journalists for business, financial, trade and technology publications, as well as broadcast outlets and analyst firms, serve as judges. The 2014 International judging panel consisted of 27 individuals from 17 countries. These judges include writers and contributors to such publications as Asian Power (Singapore), Australian (Australia), Canadian Business (Canada), Computer Hoy (Spain), CTV (Canada), Gizmodo and Lifehacker (Australia), HTMobile (Israel), Huffington Post (United States), IAA Magazine (United Arab Emirates), InBusiness (Cyprus and Greece), Irish Independent (Ireland), Mumbrella and Encore Magazine (Australia), PC Authority (Australia), Stuff.co.nz (New Zealand), TechHim (India), The Engaging Brand (United Kingdom), Ventures Africa (Nigeria), Wirausaha & Keuangan (Indonesia), WirelessDuniya (India), Xbox Plus (Brazil) and YourStory.in (India).


Finally, as filed in a 6K yesterday, the Company sent notification to the holders of its 4% Convertible Senior Notes Due 2018 (the Notes) of its election to pay additional interest under the Notes as the sole remedy for the Company’s inability to thus far file its annual report on Form 20-F for the year ended 2013.  This additional interest will begin to accrue from July 29th and is capped at 0.5%.  This remedy provides the Company an additional 180 days to file its annual report on Form 20-F for the year 2013.

Until the next update, please e-mail questions to investors@nq.com. Please note that e-mail is preferred for your questions and comments.


Forward Looking Statements

This blog post 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 these blog posts 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.

Social media is often the quickest, most efficient way to receive accurate and up-to-date news and information about NQ Mobile. Follow us on Twitter at @NQMobile and @NQMobileIR for the latest updates.

We have also added a button on our NQ IR home page (ir.nq.com) that directs users to our IR blog, which includes these updates.


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