Law Offices of Howard G. Smith Announces Investigation on Behalf of Investors of NQ Mobile Inc.

Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of investors of NQ Mobile Inc. (“NQ Mobile” or the “Company”) (NYSE:NQ) concerning possible violations of federal securities laws. The investigation focuses on certain statements issued by NQ Mobile concerning the Company’s operations and financial performance and prospects.

Beijing, China-based NQ Mobile provides mobile Internet services, including mobile security, privacy, productivity, personalized cloud and family protection. The investigation is related to allegations published by Muddy Waters, LLC that NQ Mobile has exaggerated its market share and financial performance and prospects and misrepresented the efficacy of its products. In a report dated October 24, 2013, Muddy Waters alleges that, among other things:

At least 72% of NQ’s purported China security revenue is fictitious and the Company’s largest customer is actually NQ Mobile.
NQ Mobile’s actual market share in China is about 1.5%, rather than the approximately 55% it purports, and its paying China user base is less than 250,000, rather than the approximately six million it purports.
NQ Mobile’s Antivirus 7.0 is unsafe for sale to consumers, and creates serious vulnerabilities, making users’ phones prone to data compromise and cyber attack.

If you purchased NQ Mobile securities, if you have information or would like to learn more about these claims, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

Law Offices of Howard G. SmithHoward G. Smith, Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com

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