BELLEVUE, Wash., Jan. 26, 2011 (GLOBE NEWSWIRE) -- Motricity (Nasdaq:MOTR), a leading mobile data services provider, today announced that it has filed an application with the Securities and Exchange Commission (SEC) to withdraw its Registration Statement on Form S-1, Registration No. 333-171413, initially filed with the SEC on December 23, 2010.
The Company requested to withdraw its Registration Statement due to the majority selling stockholder electing not to sell shares at this time. The Company was not going to receive proceeds from the proposed offering, unless the overallotment option to purchase additional shares was exercised by the underwriter.
About Motricity, Inc.
Motricity (Nasdaq:MOTR) is a leading mobile data solutions provider exclusively focused on the rapidly growing mobile Internet market. It serves some of the world's largest mobile carriers, simplifying the mobile Internet and creating a personalized mobile experience for subscribers. Motricity helps companies leverage the power of mobility to make direct, personalized connections with their customers. For more information, visit www.motricity.com or follow the company on Twitter @motricity.
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