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Sonic Foundry Files Form 12-b-25

(December 29, 2017)

MADISON, Wis., Dec. 29, 2017 (GLOBE NEWSWIRE) -- Sonic Foundry, Inc. (NASDAQ: SOFO), the trusted global leader for video creation and management solutions, today filed SEC Form 12-b-25, to provide for additional time to file its Form 10-K for its 2017 fiscal year ended September 30. As previously disclosed, the company has delayed the filing of its Form 10-K due to accounting issues related to certain goodwill and other intangible assets on the balance sheet which remain under review.



The company expects to file the annual report on or before the fifteenth calendar day following the prescribed due date as permitted by Rule 12b-25, and additionally will schedule its quarterly investor update and issue its fiscal fourth quarter and 2017 release as soon as is practical, within this time frame.

About Sonic Foundry®, Inc.Sonic Foundry (NASDAQ:SOFO) is the global leader for video capture, management and streaming solutions. Trusted by more than 4,300 educational institutions, corporations, health organizations and government entities in 65 countries, its Mediasite Video Platform quickly and cost-effectively automates the capture, management, delivery and search of live and on-demand streaming videos. Leading research firms Aragon, Forrester, Wainhouse and Frost & Sullivan recognize Sonic Foundry as a leader in enterprise video, webcasting and lecture capture. Learn more at www.sonicfoundry.com and @mediasite.

© 2017 Sonic Foundry, Inc. Product and service names mentioned herein are the trademarks of Sonic Foundry, Inc. or their respective owners.

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A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/ef04f91e-9209-4fe0-b404-4fc08c942023

CONTACT: Media Relations: Nicole Wise, Director of CommunicationsSonic [email protected] Relations: Peter Seltzberg, Managing DirectorDarrow Associates, [email protected]

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