Blonder Tongue Comments on Recent Common Stock Trading Activity

Rhea-AI Summary

OLD BRIDGE, NJ / ACCESSWIRE / August 19, 2020: Blonder Tongue Laboratories, Inc. (NYSE American: BDR) has addressed the recent surge in its stock's trading activity, noting no known reasons for the increase in price or volume. The company stated there have been no material changes regarding its business since its second-quarter earnings release on August 7, 2020. Blonder Tongue, a leader in cable television technology, continues to focus on delivering high-reliability digital video and broadband services.

Positive

• No material adverse changes in business since the last earnings release.
• Established reputation in cable television video transmission technology.

Negative

• None.

OLD BRIDGE, NJ / ACCESSWIRE / August 19, 2020 / Blonder Tongue Laboratories, Inc. (NYSE American:BDR) commented today on recent trading activity in the Company's common stock. Blonder Tongue knows of no reason for the recent increase in the price and trading volume of its stock. There have been no material developments or change in circumstances with respect to the Company's ongoing business activities since the Company issued its second quarter earnings release on August 7, 2020.

About Blonder Tongue

Blonder Tongue Laboratories, Inc. is the oldest designer and manufacturer of cable television video transmission technology in the USA. The majority of our products continue to be designed and built in our state-of-the-art New Jersey facility for 50 years. Blonder Tongue Labs offers U.S.-based engineering and manufacturing excellence with an industry reputation for delivering ultra-high reliability products. As a leader in cable television system design, the Company provides service operators and systems integrators with comprehensive solutions for the management and distribution of digital video, IPTV and high-speed data services, as well as RF broadband distribution over fiber, IP, and Coax networks for homes and businesses. Additional information on the Company and its products can be found at www.blondertongue.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: The information set forth above includes "forward-looking" statements and accordingly, the cautionary statements contained in Blonder Tongue's Annual Report and Form 10-K for the year ended December 31, 2019 (See Item 1: Business, Item 1A: Risk Factors, Item 3: Legal Proceedings and Item 7: Management's Discussion and Analysis of Financial Condition and Results of Operations), and other filings with the Securities and Exchange Commission are incorporated herein by reference. The words "believe", "expect", "anticipate", "project", "target", "intend", "plan", "seek", "estimate", "endeavor", "should", "could", "may" and similar expressions are intended to identify forward-looking statements. In addition, any statements that refer to projections for our future financial performance, our anticipated growth trends in our business and other characterizations of future events or circumstances are forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. Blonder Tongue undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. Blonder Tongue's actual results may differ from the anticipated results or other expectations expressed in Blonder Tongue's "forward-looking" statements.

Contacts

Eric Skolnik
Chief Financial Officer
eskolnik@blondertongue.com
(732) 679-4000

Ted Grauch
Chief Executive Officer
tgrauch@blondertongue.com
(732) 679-4000

SOURCE: Blonder Tongue Laboratories, Inc.

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https://www.accesswire.com/602424/Blonder-Tongue-Comments-on-Recent-Common-Stock-Trading-Activity

FAQ

What is Blonder Tongue's stock symbol?

Blonder Tongue's stock symbol is BDR.

What did Blonder Tongue say about recent trading activity?

Blonder Tongue stated there are no known reasons for the recent increase in price and trading volume of its stock.

When was Blonder Tongue's last earnings release?

Blonder Tongue's last earnings release was on August 7, 2020.

Is there any significant news about Blonder Tongue's business?

Blonder Tongue reported no material developments or changes in its business activities.