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NEW YORK, January 28, 2019 – Harte Hanks (NYSE: HHS), a leading multi-channel, data-driven marketing solutions company, announced that on January 24, 2019, the New York Stock Exchange ("NYSE") has notified that it accepted the company's plan to maintain its listing. As a result, the common shares of the Company will continue to be listed on the NYSE, subject to quarterly reviews by the NYSE to ensure the progress of its plan to restore compliance through continuous listing.
NYSE's notice does not have an immediate impact on the listing of the Company's common shares, which will continue to be listed and traded on the NYSE during the cure period, subject to the company's compliance with its other listing requirements. The common shares of the Company will continue to trade under the symbol "HHS", but will carry the additional designation ".BC" to indicate the status of the common shares as "less than" the NYSE's standards for listing. The Company will be subject to periodic review by the NYSE to determine whether the Company is progressing in accordance with the accepted plan. If the company does not progress in accordance with the plan during its period, the NYSE may initiate a delisting process.
As previously stated in a current report on Form 8-K filed with the Securities and Exchange Commission on November 2, 2018, October 31, 2018, the company was informed that the company was not in compliance with the standard of maintaining the registration. listed in section 802.01B of the NYSE Listed Company Manual, as the Company's average market capitalization was less than $ 50 million over a period of 30 consecutive trading days and the Company's equity were less than $ 50 million. As indicated in the notice, as at October 26, 2018, the Company's average market capitalization for the 30 trading days was approximately $ 42.9 million and its last equity deficit as at June 30, 2018 was approximately $ 7.3 million.
About Harte Hanks:
Harte Hanks is a global marketing services company specializing in multichannel marketing solutions that connect our customers in a powerful way. Specializing in defining, executing and optimizing the customer journey, Harte Hanks offers end-to-end marketing services, including consulting, strategic valuation, data, business and marketing services. badysis, digital, social, mobile, print, direct mail and contact center. From visionary thinking to tactical execution, Harte Hanks offers smarter interactions with customers for some of the world's leading brands. Harte Hanks employs approximately 3,200 people in North America, Asia-Pacific and Europe. For more information, visit Harte Hanks' website at www.hartehanks.com, call 800-456-9748 or send us an email at [email protected] .
Caution regarding forward-looking statements:
Our press release and the badociated results conference call contain "forward-looking statements" within the meaning of US federal securities laws. All such statements are qualified by this cautionary statement, provided in accordance with the safe harbor provisions of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934. Statements other than historical facts are prospective and can be identified by words such as "may", "will", "expect", "believe", "anticipate", "expect", "estimate", "seek", "might" "," intends ", or words of similar meaning. These forward-looking statements are based on current information, expectations and estimates and involve risks, uncertainties, badumptions and other factors that are difficult to predict and which could cause actual results to differ materially from what is expressed or indicated. forward-looking statements. statements. In this case, our business, financial condition, results of operations or liquidity could be materially adversely affected and investors in our securities could lose some or all of their investments. These risks, uncertainties, badumptions and other factors include: (a) economic and business conditions at the local, national and international levels, including (i) our ability to implement and realize efficiencies and market adjustments with those companies; existing and new suppliers, (ii) conditions that may adversely affect marketing expenses, and (iii) the impact of the business environment and competitive pressures on the financial position, marketing and marketing expenses. the activities of our customers and prospects; (b) the demand for our products and services from our customers and prospects, including (i) the willingness of existing customers to maintain or increase their spending on products and services that are or remain profitable for us, and (ii) our ability to anticipate changes in customer needs and preferences; (c) economic and other factors affecting the sectors we serve, including competition and the consolidation of current and potential customers, suppliers and partners in those sectors; (d) our ability to manage and adjust our facilities, our capacity, our workforce and our cost structure in a timely manner to effectively serve our customers; (e) our ability to improve our processes and deliver new products and services in a timely and cost-effective manner, whether through development, licensing, partnership or acquisition; (f) our ability to protect our facilities against security breaches and other interruptions and to protect the sensitive personal information of our customers and their customers; (g) our ability to respond to growing concerns, regulation and lawsuits regarding consumer privacy issues, including changing requirements for collection, processing and use of # 39; information; (h) the impact of privacy regulations and other regulations, including restrictions on unsolicited marketing communications and other consumer protection laws; (i) fluctuations in fuel prices, paper prices, postal rates and postal delivery schedules; (j) the number of shares, if any, that we may redeem under our buyback program; (k) unforeseen developments relating to litigation or other contingent liabilities; (l) our ability to successfully complete planned divestitures and reorganizations, including cost reduction initiatives; (m) our ability to realize the expected tax refunds; and (n) other factors discussed from time to time in our filings with the Securities and Exchange Commission, including "Item 1A." Risk Factors "in our annual report on Form 10-K for the year ended December 31, 2017. The forward-looking statements contained in this press release and our related results teleconference are issued only at the the date hereof and we undertake no obligation to publicly update any forward-looking statements, even if new information becomes available or other events occur in the future.
As used herein, "Harte Hanks" or "the Company" refers to Harte Hanks, Inc. and / or its applicable operating subsidiaries, as the context requires. The Harte Hanks logo and name are trademarks of Harte Hanks.
Investor contact:
Rob Fink
Hayden IR
646-415-8972
[email protected]
Media contact:
Mark Braff
Braff Communications LLC
201-612-0707
[email protected]
Source: Harte Hanks, Inc.
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