RLJ Entertainment Receives Expected NASDAQ Notice Related To Delay In Form 10-K Filing
28 April 2015 - 6:30AM
RLJ Entertainment Inc. (Nasdaq:RLJE) today announced that, as
expected, it received a standard notice from NASDAQ stating that
RLJ Entertainment is not in compliance with NASDAQ Listing Rule
5250(c)(1), which requires listed companies to timely file all
required periodic financial reports with the Securities Exchange
Commission. The April 21, 2015, letter was sent as a result of RLJ
Entertainment's delay in filing its Annual Report on Form 10-K for
the fiscal year ended December 31, 2014.
The NASDAQ notice has no immediate effect on the listing or
trading of RLJ Entertainment's common stock on the NASDAQ Capital
Market. Under the NASDAQ listing rules, RLJ Entertainment has 60
days to submit a plan to regain compliance. RLJ Entertainment could
be granted up to 180 days from the 10-K's due date to regain
compliance.
RLJ Entertainment plans to file its 10-K as soon as possible,
following certain completed capital structure transaction and
year-end audit work.
About RLJ Entertainment
RLJ Entertainment, Inc. (Nasdaq:RLJE) is a premier independent
owner, developer, licensee, and distributor of entertainment
content and programming in primarily North America, the United
Kingdom, and Australia. RLJE is a leader in numerous genres via its
owned and distributed brands such as Acorn (British TV), Image
(feature films, stand-up comedy), UMC (urban), Acacia (fitness),
Athena (documentaries), and Madacy (gift sets). These titles are
distributed in multiple formats including broadcast television
(including satellite and cable), theatrical and non-theatrical,
DVD, Blu-Ray, digital download, and digital streaming.
Via its relationship with Agatha Christie Limited, a company
that RLJE owns 64% of, RLJE manages the intellectual property and
publishing rights to some of the greatest works of mystery fiction,
including stories of the iconic sleuths Miss Marple and Poirot.
RLJE also owns all rights to the hit UK mystery series Foyle's
War.
RLJE leverages its management experience to acquire, distribute
and monetize existing and original content for its many
distribution channels, including its branded digital subscription
channels, Acorn TV, Acacia TV, and UMC, and engages distinct
audiences with programming that appeals directly to their unique
viewing interests. Through its proprietary e-commerce web sites and
print catalogs for the Acorn and Acacia brands, RLJE has direct
contacts and billing relationships with millions of consumers. For
more information visit:
www.rljentertainment.com
CONTACT: Erica Bartsch, 212-446-1875
Sloane & Company
ebartsch@sloanepr.com
Traci Otey Blunt, 301-830-6204
RLJ Entertainment, Inc.
tblunt@rljentertainment.com
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