MILWAUKEE, Oct. 28, 2013 (GLOBE NEWSWIRE) -- We are investigating possible securities fraud claims against NQ Mobile Inc. resulting from inaccurate statements NQ made regarding its financial statements and prospects.
Click here to learn more about the investigation: http://www.ademilaw.com/case/nq-mobile-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Our investigation focuses on the extent to which NQ issued false and misleading statements regarding its financial statement, past and future business performance and prospects. Specifically, the investigation seeks details regarding a Muddy Waters report which claims that, (i) at least 72% of NQ's purported 2012 China security revenue is fictitious, that NQ's market share in China is about 1.5% rather than the claimed 55% and that its China paying user base is less than 250,000 rather than the claimed six million, (ii) NQ's Antivirus 7.0 is unsafe for sale to consumers, and operates as spyware that makes users' phones vulnerable to cyber attack, and (iii) NQ's reported international revenue of $36.5 million is likely less real than its PRC revenue.
If you wish to obtain additional information or have information about NQ please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, http://www.ademilaw.com/case/nq-mobile-inc.
We specialize in securities fraud and shareholder litigation. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.