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NPDT Upcoming Shareholder Conference Call to Provide Update on Recent Business Developments
Today after the closing bell, Newport Digital Technologies, Inc. announced that they will conduct a live shareholder conference call on Monday, November 21, 2011 at 1:30 pm PST (4:30 pm EST) to update shareholders on recent business developments, offer details on the progress of the recently announced restructuring plan and encourage stockholders 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.”
“As part of our restructuring plan, it is also paramount that shareholders vote their shares to increase the authorized shares of the corporation,” he added. “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.”
