SHENZHEN, China, July 20, 2011 (GLOBE NEWSWIRE) -- Xunlei Limited ("Xunlei" or the "Company"), a leading consumer internet platform for digital media in China, today announced its decision to postpone its initial public offering on the NASDAQ Global Select Market due to stock market conditions.
This news release does not constitute an offer to sell or issue or the solicitation of an offer to buy or acquire securities of Xunlei, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Xunlei Limited
Xunlei Limited is a leading consumer internet platform for digital media content in China. It operates a powerful platform based on cloud computing. Xunlei's platform combines proprietary digital media indexing technology and a massively distributed computing network, and it offers full access to digital media files that include download, streaming and cloud-based services.
Safe Harbor Statement
This press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements. Such statements include, among others, those concerning the Company's initial public offering, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Forward-looking statements can be identified by the use of forward-looking terminology such as "will," "believes," "expects" or similar expressions. Such information is based upon expectations of the Company's management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to uncertainties and contingencies beyond the Company's control and based upon premises with respect to future business decisions, which are subject to change. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the risks included in the Company's registration statement on Form F-1, as amended, filed with the Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Xunlei does not undertake to update the forward-looking statements contained in this press release.