Inphonic (NASDAQ:INPC)
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InPhonic, Inc. (NASDAQ: INPC), a leading online seller of
wireless services and products, today announced that InPhonic has been
notified by NASDAQ's Listing and Hearing Review Council that it has
complied with the continued listing standards on The Nasdaq Stock
Market. As a result of the recent filing of the Company's Form 10-K for
the year ended December 31, 2006 and Form 10-Q for the quarter ended
March 31, 2007, InPhonic is now current with all of its SEC filing
requirements.
"We are pleased that the NASDAQ compliance issues are resolved," said
David Steinberg, InPhonic’s CEO. "We are now
completely focused on our goal of driving future profitable growth and
generating positive operating cash flow as soon as possible. Although
the last several months have been difficult, we are actively working to
improve the business and are looking forward to seeing the results of
these changes in the second half of the year.”
About InPhonic
Headquartered in Washington, D.C., InPhonic, Inc. (NASDAQ:INPC) is a
leading online seller of wireless services and products. InPhonic sells
these services and devices through websites that it creates and manages
for online businesses, national retailers, member-based organizations
and associations under their own brands. InPhonic also operates Wirefly (www.wirefly.com),
a leading one-stop comparison mobile phones and wireless plans shopping
site that has been awarded "Best of the Web" by Forbes magazine and
"Best in Overall Customer Experience" by Keynote Performance Systems.
InPhonic also delivers a full range of MVNO and mobility solutions to
enterprise clients through its Mobile Virtual Network Enablement (MVNE)
platform. Among many awards in its history, InPhonic holds the
distinction as #1 Company of the Year on the INC. 500 for 2004. For more
information on the company, its products and services, visit the
InPhonic Corporate Web site at www.inphonic.com.
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"Safe Harbor" Statement - Under the Private Securities Litigation Reform
Act of 1995, this press release may contain forward-looking statements
that involve risks and uncertainties. Important factors, which could
cause actual operating results to differ materially from those in the
forward-looking statements, are detailed in filings with the Securities
and Exchange Commission made from time to time by the Company. This
press release and statements are current as of the date of the
individual announcements and the Company undertakes no obligation to
publicly release any revisions to any forward-looking statement to
reflect events or circumstances after the date thereof or to reflect the
occurrence of unanticipated events.