<SEC-DOCUMENT>0001144204-12-047127.txt : 20120820
<SEC-HEADER>0001144204-12-047127.hdr.sgml : 20120818
<ACCEPTANCE-DATETIME>20120820162402
ACCESSION NUMBER:		0001144204-12-047127
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20120814
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20120820
DATE AS OF CHANGE:		20120820

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Mandalay Digital Group, Inc.
		CENTRAL INDEX KEY:			0000317788
		STANDARD INDUSTRIAL CLASSIFICATION:	PATENT OWNERS & LESSORS [6794]
		IRS NUMBER:				222267658
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-10039
		FILM NUMBER:		121045487

	BUSINESS ADDRESS:	
		STREET 1:		4751 WILSHIRE BOULEVARD
		STREET 2:		THIRD FLOOR
		CITY:			LOS ANGELES,
		STATE:			CA
		ZIP:			90010
		BUSINESS PHONE:		(310) 601-2500

	MAIL ADDRESS:	
		STREET 1:		4751 WILSHIRE BOULEVARD
		STREET 2:		THIRD FLOOR
		CITY:			LOS ANGELES,
		STATE:			CA
		ZIP:			90010

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NeuMedia, Inc.
		DATE OF NAME CHANGE:	20100514

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Mandalay Media, Inc.
		DATE OF NAME CHANGE:	20071109

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Mediavest, Inc.
		DATE OF NAME CHANGE:	20050809
</SEC-HEADER>
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<TYPE>8-K
<SEQUENCE>1
<FILENAME>v322033_8k.htm
<DESCRIPTION>CURRENT REPORT
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
WASHINGTON, D.C. 20549</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">FORM 8-K<BR>
<BR>
CURRENT REPORT<BR>
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934<BR>
<BR>
<FONT STYLE="font-size: 10pt">Date of Report (Date of earliest event reported): August 14, 2012</FONT></P>

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    <TD STYLE="border-bottom: black 1pt solid; padding-top: 0.75pt; padding-right: 0.75pt; padding-bottom: 3.75pt; font-size: 10pt; text-align: center">Mandalay Digital Group, Inc.</TD></TR>
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    <TD STYLE="font-size: 10pt; text-align: center">(Exact Name of Registrant as Specified in Charter)</TD></TR>
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    <TD STYLE="width: 35%; border-bottom: black 1pt solid; font-size: 10pt; text-align: center">Delaware</TD>
    <TD NOWRAP STYLE="width: 30%; border-bottom: black 1pt solid; font-size: 10pt; text-align: center">000-10039</TD>
    <TD NOWRAP STYLE="width: 35%; border-bottom: black 1pt solid; font-size: 10pt; text-align: center">22-2267658</TD></TR>
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        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(State or Other Jurisdiction</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">of Incorporation)</P></TD>
    <TD STYLE="padding-top: 0.75pt; padding-right: 0.75pt; padding-bottom: 0.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Commission</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">File Number)</P></TD>
    <TD STYLE="padding-top: 0.75pt; padding-right: 0.75pt; padding-bottom: 0.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(IRS Employer</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Identification No.)</P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD></TR>
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    <TD STYLE="width: 65%; border-bottom: black 1pt solid; padding-top: 0.75pt; padding-right: 0.75pt; padding-bottom: 0.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">4751 Wilshire Boulevard, Third Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Los Angeles, CA</P></TD>
    <TD NOWRAP STYLE="width: 35%; border-bottom: black 1pt solid; font-size: 10pt; text-align: center">90010</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.75pt; padding-right: 0.75pt; padding-bottom: 0.75pt; font-size: 10pt; text-align: center">(Address of Principal Executive Offices)</TD>
    <TD STYLE="padding-top: 0.75pt; padding-right: 0.75pt; padding-bottom: 0.75pt; font-size: 10pt; text-align: center">(Zip Code)</TD></TR>
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Registrant&rsquo;s telephone number, including area code: (310)&nbsp;601-2500</P>

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    <TD STYLE="border-bottom: black 1pt solid; padding: 0.75pt 0.75pt 3.75pt; font-size: 10pt">&nbsp;</TD></TR>
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    <TD STYLE="padding-top: 0.75pt; padding-right: 0.75pt; padding-bottom: 3.75pt; font-size: 10pt; text-align: center">(Former Name or Former Address, if Changed Since Last Report)</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 11.25pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 11.25pt">Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions
(<I>see</I> General Instruction A.2. below):</P>

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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>

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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>

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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>

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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 1.01.&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Entry into a Material Definitive Agreement.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On August 14, 2012, Mandalay Digital Group,
Inc., a Delaware corporation (the &ldquo;<U>Company</U>&rdquo;), entered into a Share Purchase Agreement (the &ldquo;<U>Purchase
Agreement</U>&rdquo;) to acquire subsidiaries and assets of Logia Group, Ltd. (&ldquo;<U>Logia</U>&rdquo;), a leading mobile content
development and management solutions provider of innovative mobile monetization solutions. As a part of the transaction, the Company,
through an acquisition entity, will acquire all of the capital stock of three operating subsidiaries of Logia (Logia Content Development
and Management Ltd., Volas Entertainment Ltd. and Mail Bit Logia (2008) Ltd. (collectively, the &ldquo;<U>Targets</U>&rdquo;)).
In addition, the Company will, by assignment to an acquisition entity, acquire from S.M.B.P. IGLOO Ltd. (an affiliate of Logia)
(&ldquo;<U>Igloo</U>&rdquo;) the assets comprising the &ldquo;LogiaDeck&rdquo; software, and certain operator and other contracts
related to the business of the Targets that were entered into by Logia.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Company has set up an Israeli acquisition/holding
company, &ldquo;MDG Logia Holdings LTD&rdquo; to acquire the Targets and the LogiaDeck assets, which will be capitalized through
a combination of intercompany debt and equity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The purchase consideration for the transaction
will be comprised of cash and common stock of the Company and two tranches of &ldquo;earn out&rdquo; payments of cash and stock,
as follows: (1) At closing<U> </U>$3,750,000 in cash (subject to working capital adjustments) and a number of shares of Company
common stock having a value of $750,000 (based on a 30 day volume weighted average price (VWAP) look back from the issuance date)
(the &ldquo;<U>Closing Shares</U>&rdquo;) will be paid and issued, as applicable, to Logia and Igloo; and (2) Two tranches, each
comprised of a cash payment of $250,000 and a number of shares of Company common stock valued at $250,000 (based on a 30 day VWAP
look back from the issuance date) (the &ldquo;<U>Earn Out Shares</U>&rdquo;), will be paid and issued, as applicable, to Logia
upon satisfaction of various milestones, and subject to the terms and conditions, as set forth in the Purchase Agreement, totaling
up to a number of shares of common stock having a value of $500,000 (valued as described) and $500,000 of cash if all milestones
are achieved.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">All of the stock of the Company will be
issued in a private offering under Section 4(2) of the Securities Act of 1933 or Regulation D or Regulation S thereunder, and will
be subject to a 12 month lock-up. In addition, all of the stock of the Company that is issued will be subject to a Registration
Rights Agreement that provides for piggy back rights for 3 years and inclusion on the Company&rsquo;s currently existing registration
statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The transaction is expected to close in
September 2012 and is subject to various closing conditions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>The foregoing description of the Purchase
Agreement and Registration Rights Agreement does not purport to be complete and is qualified in its entirety by reference to the
Purchase Agreement and the Registration Rights Agreement, copies of which shall be attached as exhibits to the Company&rsquo;s
Quarterly Report on Form 10-Q for the quarter ended September 30, 2012 and, when filed, shall be incorporated into this Item&nbsp;1.01
by reference.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>ITEM 8.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OTHER EVENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On August 14, 2012, we issued a press release
announcing the entry into the Purchase Agreement.&nbsp;&nbsp;A copy of the press release is appended hereto as <U>Exhibit 99.1</U>
and is incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>ITEM 9.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FINANCIAL STATEMENTS
AND EXHIBITS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">(d)</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt"><U>Exhibits</U>.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; font-weight: bold; width: 6%">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; width: 6%">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; width: 88%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">99.1</TD>
    <TD STYLE="font-size: 10pt">Press release.</TD></TR>
</TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SIGNATURE</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 11.25pt">Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

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<TR>
    <TD STYLE="padding: 0.75pt 0.75pt 3.75pt">&nbsp;</TD>
    <TD STYLE="padding: 0.75pt 0.75pt 3.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top">MANDALAY DIGITAL GROUP, INC.</TD></TR>
<TR>
    <TD STYLE="padding: 0.75pt">&nbsp;</TD>
    <TD STYLE="padding: 0.75pt">&nbsp;</TD>
    <TD STYLE="padding: 0.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0.75pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 0.75pt; padding-right: 0.75pt; padding-bottom: 0.75pt">&nbsp;</TD>
    <TD STYLE="padding: 0.75pt">&nbsp;</TD>
    <TD STYLE="padding: 0.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 0.75pt; padding-right: 0.75pt; padding-bottom: 0.75pt">Date:</TD>
    <TD STYLE="padding-top: 0.75pt; padding-right: 0.75pt; padding-bottom: 0.75pt">August 20, 2012</TD>
    <TD STYLE="padding-top: 0.75pt; padding-right: 0.75pt; padding-bottom: 0.75pt">By:</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid">/s/&nbsp;&nbsp;PETER ADDERTON</TD></TR>
<TR>
    <TD STYLE="width: 5%; padding: 0.75pt">&nbsp;</TD>
    <TD STYLE="width: 45%; padding: 0.75pt">&nbsp;</TD>
    <TD STYLE="width: 5%; padding: 0.75pt">&nbsp;</TD>
    <TD STYLE="width: 6%; vertical-align: top; padding-top: 0.75pt; padding-right: 0.75pt; padding-bottom: 0.75pt">Name:</TD>
    <TD STYLE="width: 39%; vertical-align: top">Peter Adderton</TD></TR>
<TR>
    <TD STYLE="padding: 0.75pt">&nbsp;</TD>
    <TD STYLE="padding: 0.75pt">&nbsp;</TD>
    <TD STYLE="padding: 0.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 0.75pt; padding-right: 0.75pt; padding-bottom: 0.75pt">Title:</TD>
    <TD STYLE="vertical-align: top">Chief Executive Officer</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">EXHIBIT INDEX</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 12%"><U>Exhibit No</U>.</TD>
    <TD STYLE="width: 88%"><U>Description</U></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">99.1</TD>
    <TD>Press Release.</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>



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<DESCRIPTION>EXHIBIT 99.1
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: black"><B>MANDALAY DIGITAL
GROUP, INC., TO ACQUIRE THE GLOBAL</B></FONT><B> MOBILE ASSETS OF LOGIA GROUP</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><I>Acquisition Will Enhance Revenue and
Cash Flow, Widen Distribution and Expand Content Offerings of Digital Turbine While Seamlessly Integrating with Its User Experience</I></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Los Angeles, CA, August 14, 2012 &ndash; Mandalay Digital Group,
Inc. (OTC Markets: MNDL), a global mobile content provider, today announced that it has signed a definitive purchase agreement
to acquire the global mobile assets of Logia Group, a leading mobile content development and management solutions provider. Mandalay
and Logia previously announced a signed a letter of intent (LOI) to explore this acquisition in May 2012. The transaction is expected
to close in early September.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;Once closed, Logia Group&rsquo;s mobile content and communication
service offerings will immediately enhance Mandalay Digital&rsquo;s top line, profitability and cash flow profile. This is an example
of the kind of transactions we are pursuing as we build out the Mandalay product portfolio and follow our strategic vision to roll-up
the mobile content space,&rdquo; commented&nbsp;Peter Adderton, Chief Executive Officer of Mandalay Digital Group. &ldquo;Logia&rsquo;s
mobile solutions, carrier relationships, and global distribution capabilities will be a superb fit with the Digital Turbine User
Experience, and together they will provide a &lsquo;best-in-class&rsquo;, end-to-end solution for our carrier partners to fully
monetize their own mobile content catalogs and third-party offerings.&rdquo;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Logia Group has gained recognition as an expert in innovative,
mobile monetization solutions. The company&rsquo;s solutions are deployed in top-tier mobile operators and content providers worldwide
and include <FONT STYLE="color: #242424">white label app &amp; media stores<B>, </B>in-app payment solutions<B>, </B>app-based
value added services, device application management solutions, and </FONT>mobile social music and TV offerings. <FONT STYLE="color: #242424">Logia
Group has close relationships with over 500 app developers and content vendors as well as pre-existing agreements with unique mobile
platforms and service providers. </FONT>Logia Group operates in more than 20 countries, providing services including in-app billing
to more than 50 leading mobile carriers including Vodafone, Verizon, Telefonica, Turkcell, Deutsche Telekom among others reaching
over 1.5 billion mobile subscribers. In addition, Logia Group has existing partnerships with industry leaders including Amdocs,
Ericsson, and Alcatel-Lucent, among others.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Mandalay Digital is building a global media and communications
company through the combination of strategic acquisitions and its current distribution network. Mandalay Digital is a comprehensive
mobile content and service provider, and its many technology platforms including Digital Turbine (DT) allow media companies, mobile
carriers, and their OEM handset partners to take advantage of multiple mobile operating systems across multiple networks, while
maintaining individual branding and personalized, one-to-one relationships with each end-user.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>About Logia Group</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #242424">Founded in 2004, the Logia Group has gained
recognition as an expert in innovative, mobile monetization solutions. The company&rsquo;s solutions are deployed in top-tier mobile
operators and content providers worldwide. Privately-held, Logia Group is backed by prominent and experienced major international
investment funds such as Ofer Media, Goldrock, and Plenus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>About Mandalay Digital Group</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Mandalay Digital Group is at the convergence of internet media
content and mobile communications. It delivers a mobile services platform that works with mobile operators and third-party publishers
to provide portal management, user interface, content development and billing technology that enables the responsible distribution
of mobile entertainment. Mandalay Digital is headquartered in Los Angeles and has offices in Europe and Latin America to support
global sales and marketing. For additional information, visit www.mandalaydigital.com.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Forward Looking Statement</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Statements in this news release concerning future results from
operations, financial position, economic conditions, product releases and any other statement that may be construed as a prediction
of future performance or events are forward-looking statements which involve known and unknown risks, uncertainties and other factors
which may cause actual results to differ materially from those expressed or implied by such statements. &nbsp;These factors include
uncertainties as to levels of orders, ability to record revenues, release schedules, market acceptance of new products, changes
in economic conditions and market demand, pricing and other activities by competitors, and other risks including those described
from time to time in the Company's filings on Forms 10K and 10Q with the Securities and Exchange Commission (SEC), press releases
and other communications.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Contacts</B></P>

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    <TD STYLE="width: 100%; font-size: 10pt">Hayden IR&nbsp;</TD></TR>
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    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Brett Maas, Managing Partner</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(646) 536-7331</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Email: brett@haydenir.com</P></TD></TR>
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