IZEA Successfully Appeals to Tradegate for Immediate Delisting
July 20 2020 - 11:00AM
IZEA Worldwide, Inc. (NASDAQ: IZEA), operator of IZEAx®, the
premier online marketplace connecting brands and publishers with
influential content creators, today announced that it has received
a response to its formal demand letter to the Tradegate Stock
Exchange in Germany ("Tradegate") requesting that Tradegate delist
the corporation's common stock. IZEA did not apply to be listed on
Tradegate, nor did the corporation authorize the listing of its
shares on the German exchange. IZEA has not engaged any broker or
specialist to act as a market maker for IZEA’s common stock in
Germany or elsewhere in the EU, nor does it wish to be traded on
any exchange other than NASDAQ.
“Our corporation has invested significant resources
to be listed on NASDAQ. We abide by the rules and regulations of
the market and comply with U.S. securities laws,” said Ted Murphy,
Founder and CEO of IZEA. “Our investors seek those regulatory
protections and assurances, and we constantly seek to protect our
shareholders against the impacts of equity trading in international
markets not approved by the corporation.”
Investors looking to purchase shares of IZEA should
only purchase them through market markers on the NASDAQ public
markets.
About IZEA Worldwide, Inc.IZEA
Worldwide, Inc. (“IZEA”) operates IZEAx, the premier online
marketplace that connects marketers with content creators. IZEAx
automates influencer marketing and custom content development,
allowing brands and agencies to scale their marketing programs.
IZEA creators include celebrities and accredited journalists.
Creators are compensated for producing unique content such as long
and short form text, videos, photos, status updates, and
illustrations for marketers or distributing such content on behalf
of marketers through their personal websites, blogs, and social
media channels. Marketers receive influential content and engaging,
shareable stories that drive awareness. For more information about
IZEA, visit https://izea.com/.
Safe Harbor Statement
All statements in this release that are not based
on historical fact are “forward-looking statements” intended to
qualify for the safe harbor from liability established by the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements, which are based on certain assumptions and describe our
future plans, strategies and expectations, can generally be
identified by the use of forward-looking terms such as “may,”
“will,” “would,” “could,” “should,” “expects,” “anticipates,”
“estimates,” “believes,” “intends,” “likely,” “projects,” “plans,”
“pursue," “strategy” or “future,” or the negative of these words or
other words or expressions of similar meaning. Examples of
forward-looking statements include, among others, statements we
make regarding expectations concerning IZEA’s ability to increase
revenue and improve Adjusted EBITDA, expectations with respect to
operational efficiency, and expectations concerning IZEA’s business
strategy. Forward-looking statements involve inherent risks and
uncertainties which could cause actual results to differ materially
from those in the forward-looking statements, as a result of
various factors including, among others, the following: our ability
to raise additional funding needed to fund our business operation
in the future, uncertainty relating to the effects of COVID-19,
competitive conditions in the content and social sponsorship
segment in which IZEA operates; failure to popularize the IZEAx
marketplace platform; inability to finance growth initiatives in a
timely manner; our ability to satisfy the requirements for
continued listing of our common stock on the Nasdaq Capital Market;
changing economic conditions that are less favorable than expected;
and other risks and uncertainties described in IZEA’s periodic
reports filed with the Securities and Exchange Commission. The
forward-looking statements made in this release speak only as of
the date of this release, and IZEA assumes no obligation to update
any such forward-looking statements to reflect actual results or
changes in expectations, except as otherwise required by law.
Martin Smith
IZEA Worldwide, Inc.
Phone: 407-674-6911
Email: ir@izea.com
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