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UNTD > SEC Filings for UNTD > Form 8-K on 27-Sep-2013All Recent SEC Filings

Show all filings for UNITED ONLINE INC



Other Events

Item 8.01. Other Events.

On July 31, 2013, United Online, Inc. (the "Company") issued an earnings release regarding its financial results for the second quarter ended June 30, 2013. In the earnings release, the Company also announced the execution of an agreement with Verizon to offer the NetZero Mobile Broadband service on Verizon's nationwide 3G network (the "Verizon Agreement"). On September 26, 2013, the Company received a letter from Verizon, notifying the Company that Verizon was electing to terminate the Verizon Agreement effective as of 30 days following the date of the letter due to Verizon's inability to secure acceptable terms from its wireless services provider. The Company's other previously-announced service agreements covering 4G WiMax and 4G LTE and 3G services remain in place, and the coverage of the NetZero Mobile Broadband service is expected to grow to be available to more than 200 million people in the United States beginning in the first quarter of 2014.

Cautionary Information Regarding Forward-Looking Statements

This release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements include, but are not limited to, statements about the launch of the new NetZero 4G LTE and 3G services including, without limitation, management's expectations regarding planned products and services offerings. Such forward-looking statements are not guarantees of future events, performance or results and involve risks and uncertainties that may cause actual events, performance and results to differ materially from those described in this release. Potential factors that could adversely affect the Company's ability to perform as anticipated and, consequently, adversely affect the Company's business, financial condition and results of operations include, without limitation, the compliance by the Company's subsidiary, NetZero Wireless, Inc., and its suppliers with, or the operation of, contractual provisions; that the expected or planned implementation of the marketing initiatives, products and services may be delayed or limited, or might not ultimately be implemented, or if implemented, may not be accepted or commercially successful; changes in consumer demand, tastes and preferences, or that consumers might not utilize the products and services as expected; that the offered products and services may not successfully compete with other providers of similar services; failures, interruptions, delays, technological issues, expenses or other problems associated with the systems, products or services of NetZero Wireless, Inc. or its affiliates or its third-party suppliers or their systems, products or services; that the anticipated benefits to the Company and its Communications segment might not be realized; unanticipated events and circumstances occurring after the date hereof; and other factors that may cause actual events, performance and results to differ materially from those predicted as described in the Company's annual and quarterly reports filed with the Securities and Exchange Commission (, including, without limitation, information under the captions "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors".

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