SAN DIEGO--(BUSINESS WIRE)--
Inseego Corp. (successor issuer to Novatel Wireless, Inc.) (Nasdaq:
INSG), a leading global provider of solutions for the Internet of Things
(IoT), including software-as-a-service (SaaS), announced today that in
connection with the exchange offer and consent solicitation that began
on December 7, 2016, it will host a Management Presentation via
conference call for all holders of 5.50% Convertible Senior Notes due
2020 issued by Novatel Wireless, Inc. (the "Novatel Wireless Notes")
at 1:00 p.m. ET on December 12, 2016.
For parties in the United States, call toll free 1-800-658-7107 to
access the conference call. International parties can access the call at
+1-303-223-2699. The written materials used in the presentation will be
filed with the SEC and can also be accessed at www.netroadshow.com
using the passcode INSG3166.
Jefferies LLC is acting as dealer manager for the exchange offer and
consent solicitation and D.F. King & Co., Inc. is acting as exchange
agent and information agent for the exchange offer and consent
solicitation.
This press release does not constitute an offer to sell or exchange or
the solicitation of an offer to buy or exchange any securities, nor
shall there be any offer, sale or exchange of the 5.50% Convertible
Senior Notes due 2022 to be issued by Inseego Corp. (the "Inseego
Notes") for Novatel Wireless Notes pursuant to the exchange
offer and consent solicitation in any jurisdiction in which such offer,
sale or exchange would be unlawful prior to registration or
qualification under the laws of such jurisdiction.
About Inseego Corp.
Inseego Corp. (Nasdaq: INSG) is a leading global provider of
software-as-a-service (SaaS) and solutions for the Internet of Things
(IoT). The Company sells its telematics solutions under the Ctrack
brand, including its fleet management, asset tracking and monitoring,
stolen vehicle recovery, and usage-based insurance platforms. Inseego
Corp. also sells business connectivity solutions and device management
services through Novatel Wireless, Inc. and Feeney Wireless (FW).
Inseego Corp. has over 30 years of experience providing customers with
secure and insightful solutions and analytics, with approximately
590,000 global subscribers, including 182,000 fleet management
subscribers. The Company is headquartered in San Diego, California. www.inseego.com
Twitter @inseego
Where You Can Find Additional Information
As noted above, further details regarding the terms and conditions of
the exchange offer and consent solicitation, including descriptions of
the Inseego Notes and the material differences between the Inseego Notes
and the Novatel Wireless Notes, can be found in the registration
statement that has been filed with the SEC but has not yet become
effective, and in a tender offer statement on Schedule TO that has been
filed with the SEC. The securities subject to the registration statement
may not be issued and sold prior to the time the registration statement
becomes effective. ANY INVESTOR HOLDING NOVATEL WIRELESS NOTES IS URGED
TO READ THE REGISTRATION STATEMENT, THE TENDER OFFER STATEMENT AND OTHER
DOCUMENTS THE COMPANY HAS FILED OR WILL FILE WITH THE SEC BECAUSE THEY
CONTAIN IMPORTANT INFORMATION ABOUT THE ISSUER AND THE OFFERING.
The registration statement, the tender offer statement and other related
documents, when filed, can be obtained for free from the SEC's website
at www.sec.gov.
Documents are also available for free upon oral request made to Inseego
Corp. at 858-812-3400 or written request made to Inseego Corp.,
Attention: Corporate Secretary, 9605 Scranton Road, Suite 300, San
Diego, CA 92121, and from the Company's website at www.inseego.com.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release may constitute forward-looking
statements. These forward-looking statements relate to a variety of
matters, including, without limitation, statements regarding Inseego
Corp.'s ability to successfully complete the exchange offer and consent
solicitation. These forward-looking statements are made on the basis of
the current beliefs, expectations and assumptions of the management of
Inseego Corp. and are subject to significant risks and uncertainty.
Investors are cautioned not to place undue reliance on any such
forward-looking statements. All such forward-looking statements speak
only as of the date they are made, and Inseego Corp. undertakes no
obligation to update or revise these statements, whether as a result of
new information, future events or otherwise, except as may be required
by law. These forward-looking statements also involve many risks and
uncertainties that may cause actual results to differ materially from
what may be expressed or implied in these forward-looking statements.
For a further discussion of risks and uncertainties that could cause
actual results to differ from those expressed in these forward-looking
statements, as well as risks relating to the business of Inseego Corp.
in general, see the risk disclosures in our Annual Report on Form 10-K
for the year ended December 31, 2015, and in other subsequent filings
made with the SEC by Novatel Wireless, Inc. and Inseego Corp. (available
at www.sec.gov).
View source version on businesswire.com: http://www.businesswire.com/news/home/20161212005295/en/
Inseego Corp.
Media Relations Contact:
Diana Hoogbruin,
858-812-0659
dhoogbruin@nvtl.com
or
Investor
Relations Contact:
Michael Sklansky, 858-431-0792
msklansky@nvtl.com
Source: Inseego Corp.
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