Key Developments For VistaPrint Nv
VistaPrint Nv (VPRT.O) (Nasdaq)
VistaPrint NV Helps Small Businesses Improve Their Search Rankings
VistaPrint NV announced that it has expanded its online marketing efforts for small businesses with the addition of Online Search Profiles. This product will equip small business owners who want to boost their Web presence efficiently and in a cost-effective manner.
VistaPrint NV Issues Q2 2010 Guidance In Line With Analysts' Estimates; Raises FY 2010 Revenue Guidance; Raises Low End Of Prior FY 2010 EPS Guidance
VistaPrint NV announced that for second quarter of 2010, it expects revenue of approximately $167-$175 million, GAAP diluted earnings per share (EPS) of approximately $0.43-$0.48 and non-GAAP adjusted net income per diluted share of approximately $0.55-$0.60, which excludes expected share-based compensation expense and its related tax effect of approximately $5.4 million. For fiscal 2010, the Company expects revenue of approximately $615-$645 million, GAAP diluted EPS of approximately $1.39-$1.49 and non-GAAP adjusted net income per diluted share of approximately $1.85-$1.95, which excludes expected share-based compensation expense and its related tax effect of approximately $22.0 million. According to Reuters Estimates, analysts were expecting the Company to report revenues of $169 million and EPS of $0.58 for second quarter of 2010; revenues of $629 million and EPS of $1.93 for fiscal 2010.
VistaPrint Limited Announces Dismissal of Federal Class Action Lawsuit
VistaPrint Limited announced that the purported class action lawsuit pending against VistaPrint USA, Inc., Vistaprint Limited and two third party merchants in the United States District Court for the Southern District of Texas, has been dismissed by the Court. The plaintiffs' consolidated complaint in the lawsuit alleged that the defendants had violated the Electronic Funds Transfer Act, the Electronic Communications Privacy Act, and the Massachusetts Unfair Trade Practices Act in connection with certain third party membership discount programs offered to Vistaprint customers on Vistaprint.com. The complaint also sought recovery for certain common law claims including unjust enrichment and money had and received. On August 18, 2009, the plaintiffs voluntarily dismissed Vistaprint Limited from the case. On August 31, 2009, the United States District Court for the Southern District of Texas dismissed all remaining claims against VistaPrint USA, Inc.
VistaPrint Limited Announces Name Change
The Stock Exchange reported that VistaPrint Limited has changed its name to VistaPrint NV.
VistaPrint Limited Announces Completion of Change of Domicile Transaction
VistaPrint Limited announced the closing of the share exchange transaction, effected by way of a scheme of arrangement under Bermuda law, pursuant to which all common shares of Vistaprint Limited issued and outstanding immediately prior to the closing were exchanged for the same number of ordinary shares of Vistaprint N.V., a Dutch limited liability company incorporated and domiciled in Venlo, the Netherlands. As a result of the closing of the share exchange transaction, Vistaprint Limited became a wholly owned subsidiary of Vistaprint N.V., and Vistaprint N.V. became the publicly traded parent entity of the Vistaprint group of companies.
