<SEC-DOCUMENT>0000840715-12-000002.txt : 20120127
<SEC-HEADER>0000840715-12-000002.hdr.sgml : 20120127
<ACCEPTANCE-DATETIME>20120127160712
ACCESSION NUMBER:		0000840715-12-000002
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20120126
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20120127
DATE AS OF CHANGE:		20120127

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CLEARONE COMMUNICATIONS INC
		CENTRAL INDEX KEY:			0000840715
		STANDARD INDUSTRIAL CLASSIFICATION:	RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663]
		IRS NUMBER:				870398877
		STATE OF INCORPORATION:			UT
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33660
		FILM NUMBER:		12551923

	BUSINESS ADDRESS:	
		STREET 1:		5225 WILEY POST WAY
		STREET 2:		SUITE 500
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84116
		BUSINESS PHONE:		8019757200

	MAIL ADDRESS:	
		STREET 1:		5225 WILEY POST WAY
		STREET 2:		SUITE 500
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84116

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GENTNER COMMUNICATIONS CORP
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GENTNER ELECTRONICS CORP
		DATE OF NAME CHANGE:	19910808
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>clearone8k1_2712vconacquisit.htm
<DESCRIPTION>CLRO 8K VCON ACQUISITION
<TEXT>
<HTML>
<head><title>Converted by EDGARwiz</title> </head> <body style="MARGIN-TOP:0px; FONT-FAMILY:Times New Roman; COLOR:#000000; FONT-SIZE:10pt"> <p style="MARGIN-TOP:9px; MARGIN-BOTTOM:0px">&nbsp;</p> <p style=MARGIN:0px align=center><b>UNITED STATES</b></p> <p style=MARGIN:0px align=center><b>SECURITIES AND EXCHANGE COMMISSION</b></p> <p style=MARGIN:0px align=center><b>WASHINGTON, D.C. 20549</b></p> <p style=MARGIN:0px align=justify>&nbsp;</p> <p style="MARGIN:0px; FONT-SIZE:16pt" align=center><b>FORM 8-K</b></p> <p style=MARGIN:0px align=justify>&nbsp;</p> <p style=MARGIN:0px align=center><b>CURRENT REPORT PURSUANT</b></p> <p style=MARGIN:0px align=center><b>TO SECTION 13 OR 15(D) OF</b></p> <p style=MARGIN:0px align=center><b>THE SECURITIES EXCHANGE ACT OF 1934</b></p> <p style=MARGIN:0px align=justify>&nbsp;</p> <p style=MARGIN:0px align=center>Date of report (Date of earliest event reported): <b><u>January 26, 2012</u></b></p> <p style=MARGIN:0px align=justify>&nbsp;</p> <p style=MARGIN:0px><br></p> <p style="MARGIN:0px; FONT-SIZE:16pt" align=center><b><u>ClearOne Communications, Inc.</u></b></p> <p style=MARGIN:0px align=center>(Exact Name of Registrant as Specified in Its Charter)</p> <p style=MARGIN:0px align=justify>&nbsp;</p> <p style=MARGIN:0px align=center><b><u>Utah</u></b></p> <p style=MARGIN:0px align=center>(State or Other Jurisdiction of Incorporation)</p> <p style=MARGIN:0px><br></p> <table bordercolor=transparent style="MARGIN-TOP:0px; FONT-SIZE:10pt" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=383> <td width=39> <td width=345 /> <tr> <td width=383 style="BORDER-BOTTOM:#000000 2px solid; PADDING-BOTTOM:0px; MARGIN-TOP:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; PADDING-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:1px" align=center><b>001-33660</b></p></td> <td width=39 style="PADDING-BOTTOM:0px; MARGIN-TOP:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; PADDING-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:1px">&nbsp;</p></td> <td width=345 style="BORDER-BOTTOM:#000000 2px solid; PADDING-BOTTOM:0px; MARGIN-TOP:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; PADDING-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:1px" align=center><b>87-0398877</b></p></td></tr> <tr> <td width=383 style="PADDING-BOTTOM:0px; MARGIN-TOP:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; PADDING-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:1px" align=center>(Commission File Number)</p></td> <td width=39 style="PADDING-BOTTOM:0px; MARGIN-TOP:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; PADDING-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:1px">&nbsp;</p></td> <td width=345 style="PADDING-BOTTOM:0px; MARGIN-TOP:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; PADDING-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:1px" align=center>(I.R.S. employer</p> <p style="MARGIN:0px; PADDING-RIGHT:1px" align=center>identification number)</p></td></tr></table> <p style=MARGIN:0px><br></p> <table bordercolor=transparent style="MARGIN-TOP:0px; FONT-SIZE:10pt" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=554> <td width=33> <td width=180 /> <tr> <td width=554 style="BORDER-BOTTOM:#000000 2px solid; PADDING-BOTTOM:0px; MARGIN-TOP:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; PADDING-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:1px" align=center><b>5225 Wiley Post Way, Suite 500</b></p> <p style="MARGIN:0px; PADDING-RIGHT:1px" align=center><b>Salt Lake City, Utah</b></p></td> <td width=33 style="PADDING-BOTTOM:0px; MARGIN-TOP:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; PADDING-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:1px">&nbsp;</p></td> <td width=180 style="BORDER-BOTTOM:#000000 2px solid; PADDING-BOTTOM:0px; MARGIN-TOP:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; PADDING-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:1px" align=center>&nbsp;</p> <p style="MARGIN:0px; PADDING-RIGHT:1px" align=center><b>84116</b></p></td></tr> <tr> <td width=554 style="PADDING-BOTTOM:0px; MARGIN-TOP:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; PADDING-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:1px" align=center>(Address of principal executive offices)</p></td> <td width=33 style="PADDING-BOTTOM:0px; MARGIN-TOP:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; PADDING-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:1px">&nbsp;</p></td> <td width=180 style="PADDING-BOTTOM:0px; MARGIN-TOP:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; PADDING-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:1px" align=center>(Zip Code)</p></td></tr></table> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px align=center><b><u>(801) 975-7200</u></b></p> <p style=MARGIN:0px align=center>(Registrant<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Telephone Number, Including Area Code)</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px align=center><b><u>Not applicable</u></b></p> <p style=MARGIN:0px align=center>(Former Name or Former Address, if Changed Since Last Report)</p> <p style=MARGIN:0px align=justify>&nbsp;</p> <p style=MARGIN:0px>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:</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px>[&nbsp;&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</p> <p style=MARGIN:0px>[&nbsp;&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</p> <p style=MARGIN:0px>[&nbsp;&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</p> <p style=MARGIN:0px>[&nbsp;&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <table bordercolor=transparent style="MARGIN-TOP:0px; FONT-SIZE:10pt" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=97> <td width=670 /> <tr> <td width=97 style="PADDING-BOTTOM:0px; MARGIN-TOP:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; PADDING-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:1px"><b>Item 7.01</b></p></td> <td width=670 style="PADDING-BOTTOM:0px; MARGIN-TOP:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; PADDING-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:1px" align=justify><b>Regulation FD Disclosure.</b></p></td></tr></table> <p style=MARGIN:0px><br></p> <p style="TEXT-INDENT:48px; MARGIN:0px" align=justify>On January 27, 2012, ClearOne Communications, Inc. (the <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>) issued a press release announcing it had entered into an asset purchase agreement to acquire substantially all of the assets of Israel-based VCON Video Conferencing. &nbsp;The full text of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s press release is furnished herewith as Exhibit 99.1.</p> <p style=MARGIN:0px align=justify><br></p> <table bordercolor=transparent style="MARGIN-TOP:0px; FONT-SIZE:10pt" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=97> <td width=670 /> <tr> <td width=97 style="PADDING-BOTTOM:0px; MARGIN-TOP:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; PADDING-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:1px"><b>Item 8.01</b></p></td> <td width=670 style="PADDING-BOTTOM:0px; MARGIN-TOP:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; PADDING-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:1px" align=justify><b>Other Events.</b></p></td></tr></table> <p style=MARGIN:0px align=justify><br></p> <p style="TEXT-INDENT:48px; MARGIN:0px">On January 26, 2012, the Company entered into an asset purchase agreement to acquire substantially all of the assets of Israel-based VCON Video Conferencing. &nbsp;The agreement is subject to customary closing conditions, as well as applicable regulatory and court approvals. &nbsp;The Company may decline to proceed with the transaction if these conditions and approvals are not met to the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s satisfaction.</p> <p style=MARGIN:0px><br></p> <table bordercolor=transparent style="MARGIN-TOP:0px; FONT-SIZE:10pt" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=97> <td width=670 /> <tr> <td width=97 style="PADDING-BOTTOM:0px; MARGIN-TOP:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; PADDING-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:1px"><b>Item 9.01</b></p></td> <td width=670 style="PADDING-BOTTOM:0px; MARGIN-TOP:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; PADDING-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:1px" align=justify><b>Financial Statements and Exhibits.</b></p></td></tr></table> <p style=MARGIN:0px><br></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:0px">(d) Exhibits.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:0px">&nbsp;</p> <p style="LINE-HEIGHT:0.05pt; MARGIN:0px"><br></p> <table bordercolor=transparent style="MARGIN-TOP:0px; FONT-SIZE:10pt" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=91> <td width=10> <td width=666 /> <tr> <td width=91 style="BORDER-BOTTOM:#000000 1px solid; PADDING-BOTTOM:0px; MARGIN-TOP:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; PADDING-TOP:0px" valign=bottom> <p style="MARGIN:0px; PADDING-RIGHT:1px; FONT-SIZE:8pt"><b>Exhibit No.</b></p></td> <td width=10 style="PADDING-BOTTOM:0px; MARGIN-TOP:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; PADDING-TOP:0px" valign=bottom> <p style="MARGIN:0px; PADDING-RIGHT:1px; FONT-SIZE:5pt" align=center>&nbsp;</p></td> <td width=666 style="BORDER-BOTTOM:#000000 1px solid; PADDING-BOTTOM:0px; MARGIN-TOP:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; PADDING-TOP:0px" valign=bottom> <p style="MARGIN:0px; PADDING-RIGHT:1px; FONT-SIZE:8pt" align=center><b>Description</b></p></td></tr> <tr> <td width=91 style="PADDING-BOTTOM:0px; MARGIN-TOP:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; PADDING-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:1px">&nbsp;</p></td> <td width=10 style="PADDING-BOTTOM:0px; MARGIN-TOP:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; PADDING-TOP:0px" valign=bottom> <p style="MARGIN:0px; PADDING-RIGHT:1px">&nbsp;</p></td> <td width=666 style="PADDING-BOTTOM:0px; MARGIN-TOP:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; PADDING-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:1px">&nbsp;</p></td></tr> <tr> <td width=91 style="PADDING-BOTTOM:0px; MARGIN-TOP:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; PADDING-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:1px">Exhibit 99.1</p></td> <td width=10 style="PADDING-BOTTOM:0px; MARGIN-TOP:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; PADDING-TOP:0px" valign=bottom> <p style="MARGIN:0px; PADDING-RIGHT:1px; FONT-SIZE:5pt">&nbsp;</p></td> <td width=666 style="PADDING-BOTTOM:0px; MARGIN-TOP:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; PADDING-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:1px">ClearOne Communications, Inc. Press Release, dated January 27, 2012, and furnished with this report.</p></td></tr></table> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px align=center><b>SIGNATURES</b></p> <p style=MARGIN:0px align=justify>&nbsp;</p> <p style=MARGIN:0px>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> <p style=MARGIN:0px align=justify>&nbsp;</p> <table bordercolor=transparent style="MARGIN-TOP:0px; FONT-SIZE:10pt" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=290> <td width=52> <td width=424 /> <tr> <td width=290 style="PADDING-BOTTOM:0px; MARGIN-TOP:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; PADDING-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:1px">&nbsp;</p></td> <td width=477 colspan=2 style="PADDING-BOTTOM:0px; MARGIN-TOP:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; PADDING-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:2px" align=justify>CLEARONE COMMUNICATIONS, INC.</p></td></tr> <tr> <td width=290 style="PADDING-BOTTOM:0px; MARGIN-TOP:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; PADDING-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:1px">&nbsp;</p></td> <td width=52 style="PADDING-BOTTOM:0px; MARGIN-TOP:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; PADDING-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:1px">&nbsp;</p></td> <td width=424 style="PADDING-BOTTOM:0px; MARGIN-TOP:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; PADDING-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:1px">&nbsp;</p></td></tr> <tr> <td width=290 style="PADDING-BOTTOM:0px; MARGIN-TOP:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; PADDING-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:1px">&nbsp;</p></td> <td width=52 style="PADDING-BOTTOM:0px; MARGIN-TOP:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; PADDING-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:1px">&nbsp;</p></td> <td width=424 style="PADDING-BOTTOM:0px; MARGIN-TOP:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; PADDING-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:1px">&nbsp;</p></td></tr> <tr> <td width=290 style="PADDING-BOTTOM:0px; MARGIN-TOP:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; PADDING-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:1px">&nbsp;</p></td> <td width=52 style="PADDING-BOTTOM:0px; MARGIN-TOP:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; PADDING-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:1px">&nbsp;</p></td> <td width=424 style="PADDING-BOTTOM:0px; MARGIN-TOP:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; PADDING-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:1px">&nbsp;</p></td></tr> <tr> <td width=290 style="PADDING-BOTTOM:0px; MARGIN-TOP:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; PADDING-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:1px" align=justify>Date:&nbsp;&nbsp;January 27, 2012</p></td> <td width=52 style="PADDING-BOTTOM:0px; MARGIN-TOP:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; PADDING-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:1px" align=justify>By:</p></td> <td width=424 style="BORDER-BOTTOM:#000000 2px solid; PADDING-BOTTOM:0px; MARGIN-TOP:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; PADDING-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:1px" align=justify>/s/ Zeynep Hakimoglu</p></td></tr> <tr> <td width=290 style="PADDING-BOTTOM:0px; MARGIN-TOP:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; PADDING-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:1px">&nbsp;</p></td> <td width=52 style="PADDING-BOTTOM:0px; MARGIN-TOP:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; PADDING-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:1px">&nbsp;</p></td> <td width=424 style="PADDING-BOTTOM:0px; MARGIN-TOP:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; PADDING-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:1px" align=justify>Zeynep Hakimoglu</p></td></tr> <tr> <td width=290 style="PADDING-BOTTOM:0px; MARGIN-TOP:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; PADDING-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:1px">&nbsp;</p></td> <td width=52 style="PADDING-BOTTOM:0px; MARGIN-TOP:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; PADDING-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:1px">&nbsp;</p></td> <td width=424 style="PADDING-BOTTOM:0px; MARGIN-TOP:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; PADDING-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:1px" align=justify>Chief Executive Officer</p></td></tr> <tr> <td width=290 style="PADDING-BOTTOM:0px; MARGIN-TOP:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; PADDING-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:1px">&nbsp;</p></td> <td width=52 style="PADDING-BOTTOM:0px; MARGIN-TOP:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; PADDING-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:1px">&nbsp;</p></td> <td width=424 style="PADDING-BOTTOM:0px; MARGIN-TOP:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; PADDING-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:1px">&nbsp;</p></td></tr></table> <p style=MARGIN:0px>&nbsp;</p> <p style=MARGIN:0px> <hr> </p> <p style=MARGIN:0px>&nbsp;</p> <p style=MARGIN:0px>&nbsp;</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br><br></p></body>
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<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>clroexh99z1.htm
<DESCRIPTION>CLRO 8K PRESS RELEASE
<TEXT>
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<head><title>Converted by EDGARwiz</title> </head> <body style="MARGIN-TOP:0px; FONT-FAMILY:Times New Roman; COLOR:#000000; FONT-SIZE:10pt"> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:12px; FONT-SIZE:11pt" align=right><b>Exhibit 99.1</b></p> <p style="MARGIN:0px; FONT-SIZE:11pt"><b><u>Contact: </u></b></p> <p style="MARGIN:0px; FONT-SIZE:11pt">Jeff LeFevre</p> <p style="MARGIN:0px; FONT-SIZE:11pt">Investor Relations</p> <p style="MARGIN:0px; FONT-SIZE:11pt">801-303-3438</p> <p style="MARGIN:0px; FONT-SIZE:11pt">jeff.lefevre@clearone.com </p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:12px" align=center><br></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:12px; FONT-SIZE:11pt" align=center><b>ClearOne to Acquire VCON Video Conferencing</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:12px; FONT-SIZE:11pt" align=center><i>ClearOne Enters Video Conferencing Market with the Acquisition of VCON</i></p> <p style="MARGIN:0px; FONT-SIZE:11pt"><b>SALT LAKE CITY, UTAH (Jan 27, 2012) </b><font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#151;</font> ClearOne (NASDAQ: CLRO) today announced the acquisition of Israel-based VCON Video Conferencing, a leader in high-performance, end-to-end, software video conferencing solutions. </p> <p style="MARGIN:0px; FONT-SIZE:11pt">ClearOne entered into a definitive agreement to acquire substantially all the assets of VCON. Under the terms of the asset purchase agreement, ClearOne will pay $4.5 million in cash and will not assume any debt or cash. The acquisition is expected to close by the end of this quarter, subject to customary closing conditions, including applicable regulatory and court approvals. </p> <p style="MARGIN:0px; FONT-SIZE:11pt">VCON has established a comprehensive portfolio of industry-leading HD videoconferencing solutions comprising feature-rich room systems and desktop video applications, as well as enhanced network management and infrastructure solutions. With the acquisition of VCON, ClearOne will offer a complete suite of audio and video conferencing and collaboration solutions.&nbsp; </p> <p style="MARGIN:0px; FONT-SIZE:11pt">VCON brings cutting-edge software-based full HD (1080p) video conferencing technology with H.264 High Profile encoding that reduces bandwidth utilization up to 50 percent. Unique features to VCON software-based video endpoint solutions include:</p> <p style="MARGIN-TOP:0px; TEXT-INDENT:24px; WIDTH:48px; FONT-FAMILY:Symbol; MARGIN-BOTTOM:-2px; FLOAT:left; FONT-SIZE:11pt">&#183;</p> <p style="TEXT-INDENT:-2px; MARGIN:0px; PADDING-LEFT:48px; FONT-SIZE:11pt">Embedded multipoint video conferencing </p> <p style="MARGIN-TOP:0px; TEXT-INDENT:24px; WIDTH:48px; FONT-FAMILY:Symbol; MARGIN-BOTTOM:-2px; FLOAT:left; CLEAR:left; FONT-SIZE:11pt">&#183;</p> <p style="TEXT-INDENT:-2px; MARGIN:0px; PADDING-LEFT:48px; FONT-SIZE:11pt">Embedded SIP/H.323 bridging interoperability with all leading standards-based hardware and software video conferencing endpoints </p> <p style="MARGIN-TOP:0px; TEXT-INDENT:24px; WIDTH:48px; FONT-FAMILY:Symbol; MARGIN-BOTTOM:-2px; FLOAT:left; CLEAR:left; FONT-SIZE:11pt">&#183;</p> <p style="TEXT-INDENT:-2px; MARGIN:0px; PADDING-LEFT:48px; FONT-SIZE:11pt">Built-in recording and streaming </p> <p style="MARGIN-TOP:0px; TEXT-INDENT:24px; WIDTH:48px; FONT-FAMILY:Symbol; MARGIN-BOTTOM:-2px; FLOAT:left; CLEAR:left; FONT-SIZE:11pt">&#183;</p> <p style="TEXT-INDENT:-2px; MARGIN:0px; PADDING-LEFT:48px; FONT-SIZE:11pt">Built-in remote content and data sharing </p> <p style="MARGIN-TOP:0px; TEXT-INDENT:24px; WIDTH:48px; FONT-FAMILY:Symbol; MARGIN-BOTTOM:-2px; FLOAT:left; CLEAR:left; FONT-SIZE:11pt">&#183;</p> <p style="TEXT-INDENT:-2px; MARGIN:0px; PADDING-LEFT:48px; FONT-SIZE:11pt">Built-in interactive multicast</p> <p style="MARGIN:0px; CLEAR:left; FONT-SIZE:11pt">"The acquisition of VCON will bring us a wealth of knowledge, technology and experience in the growing video conferencing market to complement ClearOne's leadership in audio conferencing," said Zee Hakimoglu, Chairman and CEO of ClearOne.&nbsp; "VCON's software-based technology opens the gate to multipoint HD video conferencing for a broad spectrum of platforms."</p> <p style="MARGIN:0px; FONT-SIZE:11pt">"ClearOne is an ideal match for VCON as it enhances the quality of video conferencing with ClearOne's HDConference<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#153;</font> audio processing technology and products," said Isaac Ben Ezra, CEO of VCON. "Customers, channel partners and end-users will all benefit from the strengths of these two world-class leaders as innovative technologies are brought to market."</p> <p style="MARGIN:0px; FONT-SIZE:11pt">&nbsp;</p> <p style="MARGIN:0px; FONT-SIZE:11pt"><b>About ClearOne</b></p> <p style="MARGIN:0px; FONT-SIZE:11pt">ClearOne is a global solutions company that develops and sells conferencing, multimedia streaming and connectivity systems for unified audio, video, web, and digital signage communication. The reliability, flexibility and performance of its advanced comprehensive solutions enhance the quality of life through better collaboration, education and entertainment. ClearOne products are designed for commercial and residential use, offering unprecedented levels of performance, functionality, simplicity, reliability and scalability. More information about the company can be found at www.clearone.com.</p> <p style="MARGIN:0px; FONT-SIZE:11pt"><b>&nbsp;</b></p> <p style="MARGIN:0px; FONT-SIZE:11pt"><b>About VCON</b></p> <p style="MARGIN:0px; FONT-SIZE:11pt">Originally established in 1994, VCON was the first company to introduce the world's first video conferencing over IP. After it was acquired by The Emblaze Group in 2005, the company continued to introduce innovative videoconferencing products to the market, including the industry's first multipoint conferencing unit (MCU) with integrated session recording and streaming. </p> <p style="MARGIN:0px; FONT-SIZE:11pt">VCON Video Conferencing Ltd., now a privately owned company, offers standards-based systems and infrastructure, which are operated easily and intuitively over a variety of networks. More information about the company can be found online at www.vcon.com.</p> <p style="MARGIN:0px; FONT-SIZE:11pt">http://www.b2i.us/irpass.asp?BzID=509&amp;to=ea&amp;s=0</p> <p style=MARGIN:0px><br><br></p> <hr size=1 noshade style="MARGIN-BOTTOM:9px; PADDING-TOP:9px"> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:12px"><br></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:12px"><br><br></p></body>
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