JOHNS CREEK, Ga., July 07, 2022 (GLOBE NEWSWIRE) — Ebix, Inc. (NASDAQ: EBIX), (the “Firm”) a number one worldwide provider of On-Demand software program and E-commerce providers to the insurance coverage, monetary, journey, healthcare and e-learning industries in the present day introduced that the Delhi Courtroom has blocked the publishing of the Hindenburg Report in India, with instant impact. Additional, the Courtroom, vide its Order, has directed Google LLC and Twitter, Inc to take down related URLs (as specified within the Order) from the Indian area pertaining to the Hindenburg Report.
EbixCash had filed a swimsuit earlier than the Tis Hazari Courtroom, Delhi in opposition to Hindenburg and its founders, Google LLC, Twitter Inc. together with different events (“Defendants”), for everlasting, prohibitory and obligatory injunction together with defamation and damages in relation to the Hindenburg Report. Whereas offering an in depth rebuttal with proof to the Courtroom, the Firm offered the Courtroom with audit experiences from India’s monetary regulatory physique and two impartial auditors, for the final 3 years.
The Courtroom by its order dated July 5, 2022 restrained the Defendants from publishing the Hindenburg Report until the ultimate disposal of the Go well with. Whereas Hindenberg selected to not be current on the hearings, Google LLC and Twitter, Inc had been represented by their respective counsels on the listening to.
About Ebix, Inc.
With roughly 200 places of work throughout 6 continents, Ebix, Inc., (NASDAQ: EBIX) endeavors to offer on-demand software program and e-commerce providers to the insurance coverage, monetary providers, journey, healthcare and e-learning industries. Within the Insurance coverage sector, Ebix’s principal focus is to develop and deploy all kinds of insurance coverage and reinsurance exchanges on an on-demand foundation, whereas additionally, offering Software program-as-a-Service (“SaaS”) enterprise options within the space of CRM, front-end & back-end techniques, outsourced administration and danger compliance providers, world wide.
With a “Phygital” technique that mixes over 650,000 bodily distribution retailers in lots of Southeast Asian Nations (“ASEAN”) nations, to an Omni-channel on-line digital platform, the Firm’s EbixCash Monetary alternate portfolio of software program and providers encompasses home and worldwide cash remittance, international alternate (Foreign exchange), journey, pre-paid reward playing cards, utility funds, lending and wealth administration throughout 75+ nations together with India. EbixCash’s Foreign exchange operations is a pacesetter in India’s airport Foreign exchange enterprise, with operations in roughly 16 worldwide airports, together with Delhi, Mumbai, Mumbai, Hyderabad, Chennai and Kolkata, mixed conducting over $4.8 billion in gross transaction worth per yr (pre-COVID-19). EbixCash’s inward remittance enterprise in India processed roughly $5 billion in gross annual remittance quantity (pre-COVID-19) and is the clear market chief. EbixCash, by means of its journey portfolio of By way of and Mercury, can also be one in all Southeast Asia’s main journey exchanges with over 517,000 brokers and roughly 17,900 registered company purchasers, mixed having processed an estimated $2.5 billion in gross merchandise worth per yr (pre-COVID-19). EbixCash’s monetary applied sciences enterprise affords software program options on the enterprise degree for banks, asset and wealth administration corporations and belief corporations inside India, Southeast Asia, the Center East and Africa. The EbixCash’s e-learning options are offered to colleges throughout the breadth of India by way of top quality 2-D and 3-D animation and multimedia studying. EbixCash’s enterprise course of outsourcing providers present info expertise and name heart providers to a wide range of industries.
By means of its numerous SaaS-based software program platforms, Ebix employs hundreds of domain-specific expertise professionals to offer merchandise, help and consultancy to hundreds of consumers on six continents. For extra info, go to the Firm’s web site at www.ebix.com
SAFE HARBOR REGARDING FORWARD-LOOKING STATEMENTS
As used herein, the phrases “Ebix,” “the Firm,” “we,” “our,” and “us” seek advice from Ebix, Inc., a Delaware company, and its consolidated subsidiaries as a mixed entity, besides the place it’s clear that the phrases imply solely Ebix, Inc.
The knowledge contained on this Press Launch accommodates forward-looking statements and data inside the “protected harbor” provisions of the Non-public Securities Litigation Reform Act of 1995, Part 27A of the Securities Act of 1933, and Part 21E of the Securities Alternate Act of 1934. This info contains assumptions made by, and data at the moment accessible to administration, together with statements relating to future financial efficiency and monetary situation, liquidity and capital assets, acceptance of the Firm’s merchandise by the market, and administration’s plans and aims. As well as, sure statements included on this and our future filings with the Securities and Alternate Fee (“SEC”), in press releases, and in oral and written statements made by us or with our approval, which aren’t statements of historic reality, are forward-looking statements. Phrases akin to “might,” “may,” “ought to,” “would,” “imagine,” “anticipate,” “anticipate,” “estimate,” “intend,” “seeks,” “plan,” “mission,” “proceed,” “predict,” “will,” and different phrases or expressions of comparable that means are supposed by the Firm to establish forward-looking statements, though not all forward-looking statements include these figuring out phrases. These forward-looking statements are discovered at numerous locations all through this report and within the paperwork included herein by reference. These statements are based mostly on our present expectations about future occasions or outcomes and data that’s at the moment accessible to us, contain assumptions, dangers, and uncertainties, and converse solely as of the date on which such statements are made.
Our precise outcomes might differ materially from these expressed or implied in these forward-looking statements. Elements that will trigger such a distinction, embody, however should not restricted to these mentioned in our Annual Report on Kind 10-Okay for the yr ended December 31, 2021 and subsequent experiences filed with the SEC, in addition to: the continuing results of the Covid-19 world pandemic, the willingness of impartial insurance coverage companies to outsource their laptop and different processing wants to 3rd events; pricing and different aggressive pressures and the Firm’s capability to achieve or preserve share of gross sales because of actions by opponents and others; adjustments in estimates in crucial accounting judgments; adjustments in or failure to adjust to legal guidelines and laws, together with accounting requirements, taxation necessities (together with tax fee adjustments, new tax legal guidelines and revised tax interpretations) in home or international jurisdictions; alternate fee fluctuations and different dangers related to investments and operations in international nations (notably in India, Australia and Asia, Latin America and Europe whereby now we have important and/or rising operations); fluctuations within the fairness markets, together with market disruptions and important rate of interest fluctuations, which can impede our entry to, or enhance the price of, exterior financing; capability to safe further financing to help capital necessities; credit score facility provisions that might materially prohibit our enterprise; prices and results of litigation, investigations or comparable issues that might have an effect on our enterprise, working outcomes and monetary situation; and worldwide battle, together with terrorist acts and wars.
Besides as expressly required by the federal securities legal guidelines, the Firm undertakes no obligation to replace any such elements, or to publicly announce the outcomes of, or adjustments to any of the forward-looking statements contained herein to mirror future occasions, developments, modified circumstances, or for some other purpose.
Readers ought to rigorously evaluation the disclosures and the danger elements described within the paperwork we file infrequently with the SEC, together with future experiences on Varieties 10-Q and 8-Okay, and any amendments thereto.
It’s possible you’ll receive our SEC filings at our web site, www.ebix.com below the “Investor Info” part, or over the Web on the SEC’s website, www.sec.gov
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David Collins or Chris Eddy
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