MOL Global Inc. Announces Schedule Change for Third Quarter 2014 Financial Results and Management Changes
|MOL Global Inc. Announces Schedule Change for Third Quarter 2014 Financial Results and Management Changes|
|KUALA LUMPUR, Malaysia, Nov. 20, 2014 (GLOBE NEWSWIRE) — MOL Global, Inc. (Nasdaq:MOLG) (“MOL” or the “Company”), a leading e-payment enabler for online goods and services in emerging and developed markets, today announced that the Company has rescheduled the date it plans to release its third quarter 2014 financial results to Wednesday, December 3, 2014 before market opens. The Company will now hold a conference call on Wednesday, December 3, 2014 at 8:00 am Eastern Time or 9:00 pm Kuala Lumpur Time to discuss the financial results. Participants may access the call by dialing the following numbers:
The replay will be accessible through December 10, 2014 by dialing the following numbers:
A live and archived webcast of the conference call will also be available at the Company’s investor relations website at http://ir.mol.com/.
The Company today announced that Mr. Allan Wong, who joined the Company in August 2014, has tendered his resignation as the Group Chief Financial Officer of the Company, effective immediately, due to personal reasons.
Mr. Ganesh Kumar Bangah, Chief Executive Officer of MOL, said, “I would like to thank Allan for assisting and guiding our team through the IPO process. We wish him all the best in his future endeavors.”
Mr. Jonathan Yoon Soon Chong, who is currently the Chief Financial Officer of MOL AccessPortal, will be assuming the role of Chief Financial Officer for MOL Global, Inc. Mr. Chong joined MOL in 2012 and has served as CFO of MOL AccessPortal since April 2014. Prior to MOL, Mr. Chong was a Senior Finance Manager at Ten Cate Geosynthethics Asia Sdn. Bhd, and has over 10 years of experience in the manufacturing and commercial industry.
Mr. Bangah continued, “We thank Jonathan for assuming this responsibility within the Company, and are confident that his extensive experience will be invaluable to MOL’s future success.”
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident,” “target,” “going forward,” “outlook” and similar statements. We may also make written or oral forward-looking statements in our periodic reports to the U.S. Securities and Exchange Commission, in our annual report to shareholders, in press releases and other written materials and in oral statements made by our officers, directors or employees to third parties. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: our growth strategies; our future business development, including development of new products and services; our ability to attract and retain users and customers; competition in each of the markets in which we operate; changes in our revenues and certain cost or expense items as a percentage of our revenues; and the expected growth of the e-payment market and the number of e-payment users. Further information regarding these and other risks is included in our filings with the Securities and Exchange Commission. We do not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release and in the attachments is as of the date of the press release, and we undertake no duty to update such information, except as required under applicable law.
About MOL Global, Inc.
MOL Global, Inc. (Nasdaq:MOLG) is a leading e-payment enabler for online goods and services in emerging and developed markets. MOL operates a payments platform that connects consumers with digital content providers, telecommunications service providers and online merchants by providing a vast network of distribution channels that accepts cash and online payment methods. Its physical distribution network comprises more than 970,000 locations in 13 countries across 4 continents. The Company also has mobile payment channels, electronic distribution channels that accept major credit cards and online banking from more than 100 banks. For more information, please visit ir.mol.com.
CONTACT: Investor Relations Contact: MOL Global, Inc. Alvin Tan Tel: +65-6221-5680 Email: IR@mol.com ICR, Inc. Calvin Jiang Tel: +1 (646) 405-4884 Email: IR@mol.com
MOL Global, Inc.