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EX-99.2 - PRESS RELEASE DATED MAY 25, 2017 - root9B Holdings, Inc. | exhibit992.htm |
8-K - CURRENT REPORT - root9B Holdings, Inc. | rtnb_8k.htm |
Exhibit 99.1
root9B Holdings Reschedules Annual Meeting of Stockholders; Updates
Status of 10-Q Filing
Colorado Springs, CO – May 24, 2017 - root9B Holdings,
Inc. (Nasdaq: RTNB) ("RTNB") today announced that its Board of
Directors has rescheduled the 2017 annual meeting of stockholders
originally scheduled for May 24, 2017. The annual meeting is now
scheduled to take place on July 19, 2017 at 10:15 am ET at the
offices of the Company located at 102 N. Cascade Avenue, Suite 220,
Colorado Springs, CO 80919.
The
previously announced transition of the Chief Executive Officer of
RTNB from Joseph J. Grano, Jr. to Eric Hipkins on May 24, 2017 will
take place as scheduled. Mr. Grano will remain with RTNB as
Non-Executive Chairman of the Board.
RTNB
also announced that it will require additional time to file its
Form 10-Q for the period ended March 31, 2017. RTNB filed an
extension on May 16, 2017 with the Securities and Exchange
Commission, and was granted an additional 5 calendar days to file
its Form 10-Q. RTNB received a notification letter from The Nasdaq
Stock Market on May 23, 2017 that it is not in compliance with
Nasdaq Listing Rule 5250(c)(1) because RTNB did not timely file its
Form 10-Q with the Securities and Exchange Commission. The Nasdaq
letter provides that RTNB has until July 25, 2017 to submit a plan
to regain compliance. RTNB now expects that it will complete and
file its Form 10-Q in June, at which time it will automatically
regain compliance with Nasdaq Listing Rules.
About root9B
Ranked
as the #1 Cybersecurity company for 2016 by Cybersecurity Ventures, root9B
stands in defiance of the unwanted human presence within our
clients' networks by attacking the root of the problem—the
adversary's ability to gain entry and remain undetected. root9B's
application of advanced technology developed through cutting-edge
R&D and engineering and refined through relevant, hands-on
training is revolutionary. root9B combines next generation
technology, tactics development, specialty tools, and deep mission
experience. root9B personnel leverage their extensive backgrounds
in the U.S. Intelligence Community to conduct advanced
vulnerability analysis, penetration testing, digital forensics,
incident response, Industrial Control System (ICS) security, and
HUNT (Active
Adversary Pursuit) engagements on networks worldwide. For more
information, visit www.root9B.com.
About root9B Holdings, Inc.
root9B
Holdings is a leading provider of Cybersecurity and Regulatory Risk
Mitigation Services. Through its wholly owned subsidiaries root9B,
Business Advisory Services and IPSA International Services, Inc.,
the Company delivers results that improve productivity, mitigate
risk and maximize profits. Its clients range in size from Fortune
100 companies to mid-sized and owner-managed businesses across a
broad range of industries including local, state and government
agencies. For more information, visit www.root9bholdings.com.
Forward Looking Statements
Certain
statements contained in this press release may include
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Because such statements
are subject to risks and uncertainties, actual results may differ
materially from those expressed or implied by such forward-looking
statements. Forward-looking statements are based upon the Company's
current expectations and involve assumptions that may never
materialize or may prove to be incorrect. Actual results and the
timing of events could differ materially from those anticipated in
such forward-looking statements as a result of various risks and
uncertainties. Certain risks and uncertainties facing the Company
are described more fully in the Company's periodic reports filed
with the SEC available at www.sec.gov. You are cautioned
not to place undue reliance on forward-looking statements, which
speak only as of the date on which they were made. The Company
undertakes no obligation to update such statements to reflect
events that occur or circumstances that exist after the date on
which they were made, except as may be required by
law.
Investors:
The
Equity Group Inc.
Devin
Sullivan
dsullivan@equityny.com
212-836-9608
Media Contact:
Zito
Partners
Andrew
Hoffman
andrew@zitopartners.com
908-546-7447