NEW YORK, Aug. 28, 2014 /PRNewswire/ -- Attorney
Advertising -- Bronstein, Gewirtz & Grossman, LLC is
investigating potential claims on behalf of purchasers of the
securities of Sungy Mobile Limited. ("Sungy Mobile" or the
"Company") (NasdaqGM: GOMO -News). Such investors are advised
to contact Peretz Bronstein or his
investor relations coordinator Eitan
Kimelman at info@bgandg.com or 212-697-6484.
The investigation focuses on whether the Company and certain of
its executives violated federal securities laws.
On August 27, 2014, the Company
reported earnings for the second quarter ended June 30, 2014 of RMB
0.58 per share, RMB 0.26 worse than the
Capital IQ Consensus Estimate of RMB
0.84, and issued downside guidance for the third
quarter of RMB 90-95 million versus
the RMB 116.66 million Capital IQ
Consensus Estimate. The Company also announced "that Mr.
Winston Li has tendered his
resignation as the chief financial officer of the Company,
effective on August 31, 2014, due to
personal reasons."
On this news, shares of Sungy Mobile fell $2.15 or 20.67% to trade at $8.25 during intraday trading on August 28, 2014.
If you are aware of any facts relating to this investigation, or
purchased shares of Sungy Mobile, you can assist this investigation
by contacting Peretz Bronstein or
his Investor Relations Coordinator Eitan
Kimelman of Bronstein, Gewirtz & Grossman, LLC at
212-697-6484 or via email info@bgandg.com. Those who inquire
by e-mail are encouraged to include their mailing address, email
and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation
boutique. Our primary expertise is the aggressive pursuit of
litigation claims on behalf of our clients. In addition to
representing institutions and other investor plaintiffs in class
action security litigation, the firm's expertise includes general
corporate and commercial litigation, as well as securities
arbitration. Attorney advertising. Prior results do not
guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
info@bgandg.com
SOURCE Bronstein, Gewirtz & Grossman, LLC