ORLANDO, Fla.--(BUSINESS WIRE)--IZEA, Inc. (NASDAQ: IZEA), operator of IZEAx®, the premier online marketplace connecting brands and publishers with influential content creators, today announced that it has contacted the Berlin-Bremen Stock Exchange (the "BBSE") and has demanded an immediate halt to trading in IZEA’s common stock, as well as an immediate delisting of the stock. IZEA’s common stock was listed on the BBSE without the Company’s prior knowledge, consent or authorization. IZEA did not authorize or direct any BBSE broker to act as a market maker for the company’s common stock.
IZEA is working with its attorneys to cause the immediate cessation of trading and delisting of its common stock from the BBSE and will explore all appropriate legal remedies available to the Company.
“We did not apply for this listing on the BBSE. We were not consulted or contacted by anyone at the BBSE and we certainly did not request or consent to the listing,” said Ted Murphy, Founder and CEO of IZEA. “We have no interest in trading on the BBSE and from our perspective, there is no justifiable explanation for this. The Company is now considering its options to pursue appropriate remedies against any parties responsible for this unauthorized listing.”
IZEA operates IZEAx, the premier online marketplace that connects marketers with content creators. IZEAx automates influencer marketing and custom content development, allowing brands and agencies to scale their marketing programs. IZEA influencers include everyday creators as well as celebrities and accredited journalists. Creators are compensated for producing unique content such as long and short form text, videos, photos, status updates, and illustrations for marketers or distributing such content on behalf of marketers through their personal websites, blogs, and social media channels. Marketers receive influential content and engaging, shareable stories that drive awareness. For more information about IZEA, visit https://izea.com/.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based largely on IZEA's expectations and are subject to a number of risks and uncertainties, certain of which are beyond IZEA's control. Actual results could differ materially from these forward-looking statements as a result of, among other factors, competitive conditions in the content and social sponsorship segment in which IZEA operates, failure to popularize one or more of the marketplace platforms of IZEA and changing economic conditions that are less favorable than expected. In light of these risks and uncertainties, there can be no assurance that the forward-looking information contained in this respect will in fact occur.