Professional Diversity Network, Inc. (IPDN) SEC Filing 10-Q Quarterly report for the period ending Saturday, September 30, 2017

Professional Diversity Network, Inc.

CIK: 1546296 Ticker: IPDN
Exhibit 99.1
Professional Diversity Network Releases Letter to Shareholders
CHICAGO, August, 15, 2017 (GLOBE NEWSWIRE) -- Professional Diversity Network, Inc. (NASDAQ: IPDN) (“PDN” or “the Company”), a global developer and operator of online and in-person networks that provide access to networking, training, educational and employment opportunities for diverse individuals, today issued the following letter to shareholders.
Dear Fellow Shareholder,

Yesterday, we released our second quarter financial results as filed in our Form 10Q with the Securities and Exchange Commission. While we believe it illustrates tangible progress towards executing our stated business plan, I felt it important to personally take the time to not only expand on recent results, but also provide you with a sense of current initiatives and how we intend to achieve our collective goals.

I say collective goals because much like you, I too have a very vested interest in the shares of our Company, and therefore value creation. Our goals could simply not be any more aligned. The current price of our stock can only be considered an indication that there is more we should be doing towards building shareholder value. In fact, this communication is indicative of our previously announced intent to try and be more transparent and better stewards of our corporate messaging with the financial community.

That said I believe actions are always stronger than words. Affirmation of my own belief in the long-term prospects of our business can be no better illustrated than by my own recent insider purchases as noted in a Form 4 filing made on 6/19/2017. Those purchases were made at nearly twice the price as we sit today. Upon the window opening whereby insiders can again make purchases, you may expect to see me again put my own money where my mouth is.

In addition, in late 2016 and early 2017 I was part of the group of investors at Cosmic Forward Limited (“CFL”) which invested over $20 million in the company, at a price of $9.60 per share. This investment was made based solely on an expectation that we believed we could not only improve upon U.S. operations, but we could leverage this expertise and existing talent as we expand into the China market.  Having now spent approximately seven months as your Chief Executive Officer, I believe more strongly than ever that the Company is well positioned for long-term success. I further believe and expect my personal investment in our company, along with CFL’s, will ultimately generate measurable return on investment.

Our core value proposition as we develop a global company is to provide international cultural services and education that supports families so they can grow and prosper.  With the integration of our U.S. and China businesses, this perfectly captures our company’s mission and culture.

I’d like to now give you an overview and update of our different business segments.

U.S. Operations

Our U.S. operations currently consist of our NAPW, PDN and Noble Voice businesses. NAPW is a paid network for women only which provides networking and business development opportunities to its members through online and offline connections. Our PDN careers business provides career opportunities to diverse job seekers and access to diverse job seekers to the employers seeking them and our Noble Voice business, is a lead-generation business which monetizes transactions by driving inexpensive online traffic to our offline call center where we add value and sell leads to our strategic partners who provide continuing education and job opportunities to American workers.

The following information was filed by Professional Diversity Network, Inc. (IPDN) on Thursday, August 17, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Definitive Proxy Statement (Form DEF 14A)
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Professional Diversity Network, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2017 10-K Annual Report includes:

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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (parenthetical)
Condensed Consolidated Statements Of Cash Flows (unaudited)
Condensed Consolidated Statements Of Operations And Comprehensive Loss (unaudited)
Capitalized Technology
Capitalized Technology (details)
Capitalized Technology (tables)
Cfl Transaction
Cfl Transaction (details)
Commitments And Contingencies
Commitments And Contingencies (lease Obligations) (details)
Commitments And Contingencies (legal Proceedings) (details)
Description Of Business
Employment Agreements
Income Taxes
Income Taxes (details)
Intangible Assets
Intangible Assets (schedule Of Future Annual Estimated Amortization Expense) (details)
Intangible Assets (schedule Of Intangible Assets) (details)
Intangible Assets (tables)
Liquidity, Financial Condition And Management's Plans
Liquidity, Financial Condition And Management's Plans (details)
Segment Information
Segment Information (details)
Segment Information (tables)
Stock-based Compensation
Stock-based Compensation (narrative) (details)
Stock-based Compensation (schedule Of Stock Option Activity) (details)
Stock-based Compensation (schedule Of Stock Option Fair Value Assumptions) (details)
Stock-based Compensation (schedule Of Unvested Restricted Stock Activity) (details)
Stock-based Compensation (tables)
Subsequent Events
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (narrative) (details)
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (schedule Of Potentially Dilutive Securities) (details)
Summary Of Significant Accounting Policies (tables)

Material Contracts, Statements, Certifications & more

Professional Diversity Network, Inc. provided additional information to their SEC Filing as exhibits

Ticker: IPDN
CIK: 1546296
Form Type: 10-Q Quarterly Report
Accession Number: 0001214659-17-006614
Submitted to the SEC: Mon Nov 13 2017 4:21:29 PM EST
Accepted by the SEC: Mon Nov 13 2017
Period: Saturday, September 30, 2017
Industry: Computer Programming Data Processing

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