Paltalk, Inc. Confirms No Relationship With Silicon Valley Bank
13 Marzo 2023 - 1:00PM
via NewMediaWire --
Paltalk, Inc. (“Paltalk,” the
“Company,” “we,” “our” or “us”) (Nasdaq: PALT), a
communications software innovator that powers multimedia social
applications, confirmed today, in response to investor inquiries,
that it has no banking or other financial relationship with Silicon
Valley Bank. Paltalk does not have any assets on deposit with
Silicon Valley Bank, nor does the Company maintain any other
financial relationship with the bank or its affiliated entities.
ABOUT PALTALK, INC. (Nasdaq: PALT)
Paltalk, Inc. is a communications software innovator that powers
multimedia social applications. Our product portfolio includes
Paltalk and Camfrog, which together host one of the world’s largest
collections of video-based communities. Our other products include
ManyCam, Tinychat and Vumber. The Company has an over 20-year
history of technology innovation and holds 10 patents. For more
information, please visit: http://www.paltalk.com.
To be added to our news distribution list, please visit:
http://www.paltalk.com/investor-alerts/.
FORWARD-LOOKING STATEMENTS:
This press release contains "forward-looking statements." Such
statements may be preceded by the words "intends," "may," "will,"
"plans," "expects," "anticipates," "projects," "predicts,"
"estimates," "aims," "believes," "hopes," "potential," or similar
words. Forward-looking statements are not guarantees of future
performance, are based on certain assumptions and are subject to
various known and unknown risks and uncertainties, many of which
are beyond the Company's control, and cannot be predicted or
quantified and consequently, actual results may differ materially
from those expressed or implied by such forward-looking statements.
Such risks and uncertainties include, without limitation, the
impact of the COVID-19 pandemic, any economic recession and the
overall inflationary environment on our results of operations and
our business; our ability to effectively market and generate
revenue from our applications; our ability to generate and maintain
active users and to effectively monetize our user base; our ability
to improve, market and promote the ManyCam software; the amount and
timing of stock repurchases, if any, under the Company’s stock
repurchase plan and our ability to enhance stockholder value
through such plan; the Company’s ability to retain the listing of
its common stock on The Nasdaq Capital Market; our ability to
release new applications or improve upon or add features to
existing applications on schedule or at all; risks and
uncertainties related to our increasing focus on the use of new and
novel technologies to enhance our applications, and our ability to
timely complete development of applications using new technologies;
our ability to effectively compete with existing competitors and
new market entrants; our ability to effectively secure new software
development and licensing customers; our ability to protect our
intellectual property rights; the use of the internet and privacy
and protection of user data; our ability to consummate favorable
acquisitions and effectively integrate any companies or properties
that we acquire; and our ability to manage our partnerships and
strategic alliances. More detailed information about the Company
and the risk factors that may affect the realization of
forward-looking statements is set forth in the Company's filings
with the Securities and Exchange Commission ("SEC"), including the
Company's most recent Annual Report on Form 10-K and Quarterly
Reports on Form 10-Q. Investors and security holders are urged to
read these documents free of charge on the SEC's website at
www.sec.gov.
All forward-looking statements speak only as of the date on
which they are made. The Company undertakes no obligation to update
any forward-looking statement or statements to reflect events or
circumstances after the date on which such statement was made,
except to the extent required by applicable securities laws.
Investor Contacts:
IR@paltalk.com ClearThinknyc@clearthink.capital 917-658-7878
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