Digimarc Corporation (NASDAQ:DMRC) was notified today by
Nasdaq that
Nasdaq has not yet determined the ex-distribution date for the
previously announced distribution of shares of common stock of
DMRC Corporation, the entity that will operate Digimarc's existing
digital watermarking business following the spin-off of that business to
Digimarc stockholders. Nasdaq has advised Digimarc that, until the
ex-distribution date is established, secondary market trades in the
shares of Digimarc Corporation carry the entitlement to the distribution
of DMRC Corporation shares. Digimarc will announce the ex-distribution
date by press release before the ex-distribution date.
Investors are encouraged to consult their advisors regarding the
implications of the deferral of the ex-distribution date and sales of
Digimarc common stock prior to the ex-distribution date. Questions
regarding the ex-distribution date should be directed to the NASDAQ OMX
Group, Inc. at 203-375-9609.
The spin-off is described in the Registration Statement on Form 10 filed
by DMRC Corporation with the SEC on June 23, 2008, as amended on July
22, 2008.
About Digimarc
Digimarc Corporation (NASDAQ:DMRC), based in Beaverton, Oregon, is a
leading supplier of secure identity and media management solutions.
Digimarc provides products and services that enable the annual
production of more than 60 million personal identification documents,
including ID solutions for more than 25 countries. Digimarc’s
digital watermarking technology provides a persistent digital identity
for various media content and is used to enhance the security of
financial documents, identity documents and digital images, and support
other media rights management applications.
Digimarc has an extensive intellectual property portfolio, with more
than 360 issued U.S. patents with more than 7,500 claims, and more than
500 pending U.S. and foreign patent applications in digital
watermarking, personal identification and related technologies. The
Company is headquartered in Beaverton, Oregon, with other U.S. offices
in Burlington, Massachusetts; Fort Wayne, Indiana; and the Washington,
DC, area; and international offices in London and Mexico. Please go to www.digimarc.com
for more company information.
Forward-Looking Statements
With the exception of historical information contained in this release,
the matters described herein contain certain "forward-looking
statements.” Such forward-looking statements
are statements of management’s opinion and are
subject to certain assumptions, risks, uncertainties and changes in
circumstances. Actual results may vary materially from those expressed
or implied from the statements herein or from historical results, due to
changes in economic, business, competitive, technological and/or
regulatory factors. For instance, although Digimarc and L-1 have signed
an agreement for Digimarc to spin off its digital watermarking business,
for L-1 to complete a tender offer for shares of Digimarc common stock,
and for a subsidiary of L-1 to merge with and into Digimarc, there is no
assurance that the proposed spin-off, tender offer or merger will be
completed in a timely manner or at all. More detailed information about
risk factors that may affect actual results is set forth in filings by
Digimarc with the Securities and Exchange Commission on Forms 10-K and
10-Q, including, but not limited to, those described in Digimarc’s
form 10-K for the year ended December 31, 2007. Readers are cautioned
not to place undue reliance on these forward-looking statements, which
reflect management’s opinions only as of the
date of this release. Except as required by law, Digimarc undertakes no
obligation to publicly update or revise any forward-looking statements
to reflect events or circumstances that may arise after the date of this
release.
