One Horizon Group, Inc. Name Change Effective at FINRA
BAAR, SWITZERLAND, Jan 31, 2013 (Menafn - MARKETWIRE via COMTEX) --One Horizon Group, Inc. (otcqb:OHGI) today announced that itobtained the requisite approval for a change of name at FINRA fromIntelligent Communication Enterprise Corporation to One HorizonGroup, Inc. The name change became effective at FINRA at the openingof business on January 31, 2013.
On December 27, 2012, the Company filed Articles of Amendment inPennsylvania, its state of incorporation, to change its name fromIntelligent Communication Enterprise Corporation to One HorizonGroup, Inc. In connection with the name change, the Company alsofiled with FINRA to change its ticker symbol. The Company's tickersymbol changed to OHGI from ICMC effective at the opening of businessDecember 31, 2012.
"The name change at FINRA, together with the ticker symbol change,finalizes the securities exchange process between One Horizon GroupPlc and Intelligent Communication Enterprise Corporation," statedMark White, the Company's CEO.
Following the completion on November 30, 2012 of the SecuritiesExchange Agreement between the Company and One Horizon Group Plc, theCompany changed its strategic focus to align its efforts and itscorporate identity behind its flagship product, Horizon VoIP platformfor Smartphones. In connection with its change in strategic focus, inDecember 2012, the Company disposed of its non-core assets, GlobalIntegrated Media, Ltd., a media company incorporated under the lawsof Hong Kong, and all of the assets and operations of its Modizobusiness, a celebrity blogging platform.
About One Horizon Group
One Horizon Group, Inc.'s business is to optimize communications overthe Internet. It is the parent company of Horizon Globex GmbH.Horizon Globex develops the Horizon solution, which is one of theworld's most bandwidth-efficient mobile VoIP platform forsmartphones, and also offers a range of other optimized dataapplications including messaging and mobile advertising. HorzinGlobex is an ISO 9001 and ISO 20000-1 certified company. The Companyhas operations in Switzerland, UK, China, Russia, India, Thailand,Singapore and Hong Kong. For more information on the Company, itsproducts and and services, please visithttp://www.onehorizongroup.com.
Safe Harbor Statement
This news release may contain "forward-looking" statements. Theseforward-looking statements are only predictions and are subject tocertain risks, uncertainties and assumptions that could cause actualresults to differ from those in the forward-looking statements.Potential risks and uncertainties include such factors as uncertaintyof consumer demand for Company's products, as well as additionalrisks and uncertainties that are identified and described inCompany's SEC reports. Actual results may differ materially from theforward-looking statements in this press release. Statements madeherein are as of the date of this press release and should not berelied upon as of any subsequent date. Company does not undertake,and it specifically disclaims, any obligation to update anyforward-looking statements to reflect occurrences, developments,events, or circumstances after the date of such statement.
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