12 Oct, 2018
[Press Release] I-ON Communications Corp. Issues Statement About Promotional Activity Involving Its Common Stock
SEOUL, South Korea, Oct. 14, 2018 /PRNewswire/ - I-ON Communications Corp. (OTCQB: IONI), (the "Company", "I-ON"), a Seoul, South Korea based global enterprise software company focused on delivering leading CMS and unstructured data management products and solutions to mid and large-scale enterprises, was notified by OTC Markets ("OTC") on October 10, 2018 of recent trading and promotional activity concerning its common stock. The Company has been informed that the higher-than-average trading volume in the Company's stock may be the result of unauthorized promotional activity. The Company has also been informed that emails and blogs promoting I-ON were sent out from unreliable sources.
The Company did not authorize or engage these parties to promote any type of awareness in the Company's stock and had no knowledge of the subject promotional campaign until notified by OTC Markets and given copies of the materials. The Company did not prepare, review or consent to the release of these materials.
After inquiry, the Company states definitively that its officers, directors and, to the Company's knowledge, its sole controlling shareholder (i.e., shareholders owning 10% or more of the Company's securities), have not, sold or purchased the Company's securities within the past 90 days on the open market. The promotional material primarily consisted of previously disclosed and available information. After a review of the material, the Company determined that while the statements contained therein are neither materially false nor misleading, they did contain highly speculative language, unsubstantiated figures relating to the industry, and future performance of I-ON shares and the Company. The Company encourages those interested in the Company to rely solely on information included in its press releases, combined with its filings and disclosures made with the S.E.C. (www.sec.gov) and OTC Markets Group.
In October 2018, the Company the Company engaged and continues to engage Powell Corporate Communications Group, LLC for market awareness. The Company has engaged no other third party to provide marketing, provide investor relations, public relations, or other related services.
About I-ON Communications Corp.
I-ON Communications, Corp, is a Seoul, South Korea-based enterprise software company founded in 1999. After being awarded its first of six patents by 2003, the Company has since evolved into an industry-leading and recognized developer of enterprise-class unstructured data management and digital marketing software solutions. I-ON has sold to over 1,000 mid to large clients across numerous verticals in both the private and public sectors, primarily throughout South Korea, Japan and Southeast Asia. The Company has 11 products at market that enable clients to create, measure, and optimizes digital experiences for their audiences across marketing channels and devices. These encompass enterprise web content management (CMS), web experience and service delivery software, digital marketing, smart mobility and analytics tools and energy management systems. I-ON's large R&D team has designed and developed industry-leading technologies that are compliant with global standards including GS (Good Software) and NET (New Excellent Technology), while holding numerous domestic and global industry awards and recognition from the likes of Gartner and Red Herring.
Forward Looking Statements
Statements in this document contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on many assumptions and estimates and are not guarantees of future performance. These statements may involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Our actual results may differ materially from the results anticipated in these forward-looking statements due to a variety of factors, including, without limitation those set forth as "Risk Factors" in our filings with the Securities and Exchange Commission ("SEC"). There may be other factors not mentioned above or included in the Company's SEC filings that may cause actual results to differ materially from those projected in any forward-looking statement. The Company assumes no obligation to update any forward-looking statements as a result of new information, future events or developments, except as required by securities laws.
Sang Min Lee/Byung Woo Yu