LIVEONE, INC. This transaction reduces the number of CPSOne employees and consultants by over 75% as well as eliminates the need for a 55,000 square foot facility.
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Forward-Looking Statements
All statements other than statements of historical facts contained in this press release are forward-looking statements, which may often, but not always, be identified by the use of such words as may, might, will, will likely result, would, should, estimate, plan, project, forecast, intend, expect, anticipate, believe, seek, continue, target or the negative of such terms or other similar expressions. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including: the Companys reliance on one key customer for a substantial percentage of its revenue; the Companys ability to consummate any proposed financing, acquisition, spin-out, special dividend, merger, distribution or transaction, the timing of the consummation of any such proposed event, including the risks that a condition to the consummation of any such event would not be satisfied within the expected timeframe or at all, or that the consummation of any proposed financing, acquisition, spin-out, merger, special dividend, distribution or transaction will not occur or whether any such event will enhance shareholder value; the Companys ability to continue as a going concern; the Companys ability to attract, maintain and increase the number of its users and paid members; the Company identifying, acquiring, securing and developing content; the Companys intent to repurchase shares of its common stock from time to time under its announced stock repurchase program and the timing, price, and quantity of repurchases, if any, under the program; the Companys ability to maintain compliance with certain financial and other covenants; the Company successfully implementing its growth strategy, including relating to its technology platforms and applications; managements relationships with industry stakeholders; the effects of the global Covid-19 pandemic; uncertain and unfavorable outcomes in legal proceedings; changes in economic conditions; competition; risks and uncertainties applicable to the businesses of the Companys subsidiaries; and other risks, uncertainties and factors including, but not limited to, those described in the Companys Annual Report on Form 10-K for the fiscal year ended
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