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Newport Digital Technologies Announces Shareholder Conference Call to Provide Update on Recent Business Developments and Restructuring PlansManagement Also Reminds and Encourages Shareholders to Vote Their Proxies at the December 5, 2011 Shareholder Meeting (November 09, 2011)
NEWPORT BEACH, CA -- (Marketwire) -- 11/09/11 -- Newport Digital Technologies, Inc. (OTCBB: NPDT) (OTCQB: NPDT) announces that they will conduct a live shareholder conference call on Monday, November 21, 2011 at 1:30 pm PST to provide an update on recent business developments, offer details on the progress of the recently announced restructuring plan and encourage all shareholders to vote their shares in favor of increasing the number of authorized common stock.
The call in number for the conference call is 480-629-9664. An archived recording of the call will be available on the Newport Digital website (www.newportlg.com) shortly after completion of the call. NPDT's CEO Donald Danks will host the call. He will be joined by Convergent Holdings CEO Brooks Pickering. NPDT announced this past September that it has entered into a strategic business agreement with Convergent Holdings, a technology driven company with expertise in wireless, interactive digital signage solutions.
"I look forward to providing an update to our shareholders on our progress," Danks said. "Given our position as an early stage technology company with limited financial and human resources, we have had to work hard to develop strategic opportunities in the highly competitive wireless and digital signage markets that can propel NPDT to eventual profitability. We have been working with several clients, but have been impacted by limited capital budgets and long sales cycles. However, we do have promising opportunities in development through our new relationship with Convergent Holdings, and I look forward to sharing greater insight into those opportunities with all of our shareholders."
Danks continued, "As part of our restructuring plan, it is also paramount that shareholders vote their shares to increase the authorized shares of the corporation. As I mentioned in the press release announcing our restructuring, this increase in shares is essential in order to attract capital to execute our business plan with Convergent. I will provide more details during our shareholder call on November 21st."
Newport Digital Technologies, Inc.
Newport Digital Technologies, Inc. is a technology solutions driven company focused on the fast growing digital signage & LED lighting market. NPDT develops and delivers these technology solutions through strategic collaborations with global partners in Taiwan, China as well as with U.S. installation partners. Through these relationships, NPDT has the ability to develop and install virtually any digital signage or LED lighting solution.
Safe Harbor: This press release contains certain forward-looking statements with respect to NPDT and its business. Statements that are not historical facts are identified as "forward-looking statements." The words "estimate," "project," "intend," "expect," "believe," "plan," and similar expressions, particularly when used in the "future tense," are intended to identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Information on potential risk factors that could affect the Company's business plans and financial results can be found in the Company's reports filed with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
Newport Digital Technologies, Inc. has its headquarters located in Newport Beach, California, with a branch office in Australia. If you would like more information about this press release, please contact Donald Danks at +1.949.230.8323 or email at [email protected].
Newport Digital Technologies, Inc.
620 Newport Center Drive, Suite 630
Newport Beach, CA 92660
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