USA Mobility, Inc. (Nasdaq: USMO), a leading provider of wireless messaging, mobile voice and data and unified communications solutions, today announced an extension for reporting operating results for the fourth quarter and year ended December 31, 2012.
The Company has delayed reporting of its operating results for the fourth quarter and year ended December 31, 2012 to address a material weakness in the design of internal control over financial reporting relating to the software revenue recognition process. The Company undertook a review of all relevant revenue transactions to ensure (1) that these transactions were recognized in the proper periods and (2) that multiple element arrangements in the delivery of software, hardware and related services were allocated to the appropriate revenue categories. The Company has determined that this material weakness did not impact the existence or validity of the underlying revenue transactions or the Company’s receipt of cash for these revenue transactions. In order to finalize this review the Company delayed completion of its annual audit and filing of its Annual Report on Form 10-K for the year ended December 31, 2012 with the Securities and Exchange Commission.
The Company will announce the date for reporting its fourth quarter and 2012 results and the date and details of its investor conference call as soon as practical.
About USA Mobility
USA Mobility, Inc., headquartered in Springfield, Virginia, is a comprehensive provider of reliable and affordable wireless communications solutions to the healthcare, government, large enterprise and emergency response sectors. In addition, through its Amcom Software subsidiary, it provides mission critical unified communications solutions for hospitals, contact centers, emergency management, mobile event notification and messaging nationally and internationally. As a single-source wireless provider, USA Mobility's focus is on the business-to-business marketplace and supplying connectivity solutions to organizations nationwide. The Company operates the largest one-way paging and advanced two-way paging networks in the United States. USA Mobility also offers mobile voice and data services through Sprint Nextel and T-Mobile, including BlackBerry® smartphones and GPS location applications. The Company's product offerings include customized wireless connectivity systems for the healthcare, government and other campus environments. USA Mobility also offers M2M (machine-to-machine) telemetry solutions for numerous applications that include asset tracking, utility meter reading and other remote device monitoring applications on a national scale. For further information visit www.usamobility.com and www.amcomsoftware.com.