Ticker Symbol Changes to IGOI
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--May 21, 2008--Mobility
Electronics, Inc. (Nasdaq:MOBE), a leading provider of innovative
portable power and computing solutions, today announced that its Board
of Directors has approved the change of the Company's name to iGo,
Inc., effective immediately. The Company's Nasdaq ticker symbol will
also change to IGOI, effective at the start of trading on Thursday,
May 22, 2008.
"With our focus now squarely on the portable power solutions
market and building our brand recognition, we believe the Company and
its stock will benefit from being more closely associated with the iGo
brand," said Michael D. Heil, President and Chief Executive Officer of
iGo, Inc.
About iGo, Inc.
iGo, Inc., based in Scottsdale, Arizona, is a developer of
universal power adapters for portable computers and mobile electronic
devices (e.g., mobile phones, PDAs, digital cameras, etc.) and creator
of the patented iGo(R) intelligent tip technology. iGo offers a full
line of AC, DC and combination AC/DC power adapters for portable
computers and low-power mobile electronic devices. All of these
adapters leverage iGo's intelligent tip technology, which enables one
power adapter to power/charge hundreds of brands and thousands of
models of mobile electronic devices through the use of interchangeable
tips.
iGo's products are available at www.iGo.com as well as through
leading resellers and retailers. For additional information call
480-596-0061, or visit www.igo.com.
iGo is a registered trademark of iGo, Inc. All other trademarks or
registered trademarks are the property of their respective owners.
This press release contains "forward-looking statements" within
the meaning of Section 21E of the Securities Exchange Act of 1934. The
words "believe," "expect," "anticipate," "should," and other similar
statements of expectations identify forward-looking statements.
Forward-looking statements in this press release include expectations
regarding the anticipated benefits for the company and its stock from
being more closely related to the iGo brand name. These
forward-looking statements are based largely on management's
expectations and involve known and unknown risks, uncertainties and
other factors, which may cause the Company's actual results,
performance or achievements, or industry results, to be materially
different from any future results, performance or achievements
expressed or implied by these forward-looking statements. Factors that
could cause actual results to differ materially from those set forth
in, contemplated by, or underlying these forward-looking statements
are included in the Company's Annual Report on Form 10-K for the year
ended December 31, 2007 under the heading "Risk Factors." In light of
these risks and uncertainties, the forward-looking statements
contained in this press release may not prove to be accurate. The
Company undertakes no obligation to publicly update or revise any
forward-looking statements, or any facts, events, or circumstances
after the date hereof that may bear upon forward-looking statements.
Additionally, the Company does not undertake any responsibility to
update you on the occurrence of unanticipated events which may cause
actual results to differ from those expressed or implied by these
forward-looking statements.
CONTACT: Financial Relations Board
Tony Rossi, 213-486-6545
trossi@frbir.com
SOURCE: iGo, Inc.
