SITO Mobile, Ltd. operates as a mobile location-based advertising platform for businesses, advertisers, and brands in the United States and Canada. The company was founded in 2000 and is based in Jersey City, New Jersey.
SITO Mobile, Ltd. (OTC: SITO) announced today that it and its wholly-owned subsidiary, SITO Mobile R&D; IP, LLP, have filed complaints against Hulu, LLC and FloSports, Inc. for the infringement of SITO's streaming media patents. The patents-in-suit relate to key features in wide use by many of today's media streaming services.
As a result of a delay in completing its Quarterly Report on Form 10-Q, the Company no longer complies with the Listing Rules (the “Rules”) for continued listing. Under NASDAQ Rules, the Company now has 60 calendar days to submit a plan to regain compliance and if the NASDAQ accepts SITO’s plan, it can grant an exception of up to 180 calendar days from the Filing’s due date, or until May 18, 2020, to regain compliance.
SITO Mobile, Ltd. (SITO) (the “Company” or “SITO”), an insights-driven Consumer Behavior and Location Sciences™ company, today announced that it intends to postpone its Annual Meeting of Stockholders, scheduled for 10 a.m. ET on Friday, November 15, 2019 at the offices of Pepper Hamilton LLP, The New York Times Building, 620 Eighth Avenue, 37th Floor, New York, New York, based on communication from the Securities and Exchange Commission (the “SEC”) that it intends to and is in process of reviewing the definitive proxy materials submitted by SITO. Proxy statement Proposal No. 2, regarding the issuance of shares of Company common stock in its all-stock acquisition of MediaJel, Inc., is the only proposal in the definitive proxy materials subject to review.