Interlink Electronics, Inc. Announces A One for Twenty Reverse Stock Split
CAMARILLO, CA (USA), December 20, 2011 — Interlink Electronics, Inc. (OTC: LINK.PK), a sensor technology company, today announced that its Board of Directors has approved a one (1) share for (20) share reverse stock split (the “Reverse Stock Split”) of Interlink Electronics’ common stock, par value $.00001 per share (the “Common Stock”). The record date for the Reverse Stock Split is January 3, 2012. Steven N. Bronson, the Chairman and Chief Executive Officer of Interlink Electronics, is the owner of 7,281,752 shares of Common Stock, which represents a majority of the 14,561,000 shares of the issued and outstanding shares of Common Stock, approved the Reverse Stock Split. Accordingly, Interlink Electronics will not hold a meeting of its stockholders to consider or to vote upon the Reverse Stock Split. It is expected that the Reverse Stock Split will be implemented on January 10, 2012.
About Interlink Electronics, Inc.
Interlink Electronics, Inc. (OTC Markets: LINK.PK) is a sensor technology company and one of the world’s leading innovators of intuitive interface design. With more than 40 patents around the world protecting its technologies and products, Interlink Electronics serves a world-class customer-base from its corporate headquarters in Camarillo, California and offices in Japan, Hong Kong and China. For more information, see http://www.interlinkelectronics.com
This release contains forward-looking statements that involve a number of risks and uncertainties. The following are among the factors that could cause actual results to differ materially from the forward-looking statements: historical losses and negative cash flow, the success of business divestitures and acquisitions, the ownership of the majority of our stock by a small group of investors, our success in predicting new markets and the acceptance of our new products, efficient management of our infrastructure, the pace of technological developments and industry standards evolution and their effect on our target product and market choices, the effect of outsourcing technology development, changes in the ordering patterns of our customers, a decrease in the quality and/or reliability of our products, protection of our proprietary intellectual property, competition by alternative sophisticated as well as generic products, pending litigation against Interlink, historical weaknesses in internal controls over financial accounting, the continued availability at competitive prices of raw materials for our products, disruptions in our manufacturing facilities, risks of international sales and operations including fluctuations in exchange rates, compliance with regulatory requirements applicable to our manufacturing operations, and customer concentrations. The forward-looking statements contained in this release should be considered in light of these risk factors.
Contact Information:
Cynthia Stein, 561-300-3455, cstein@interlinkelec.com
