April 13, 2015 (Shareholders Foundation) - An investigation on behalf of investors of Audioeye Inc (OTCMKTS:AEYE) shares over potential securities laws violations by Audioeye and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Audioeye Inc (OTCMKTS:AEYE) concerning whether a series of statements by Audioeye Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On April 1, 2015, Audioeye Inc (OTCMKTS:AEYE) announced that on March 26, 2015, the Audit Committee of the Company's Board of Directors, based in part on the recommendation of the Company's management and in consultation with the Company's auditors and advisors, concluded that because of errors identified in the Company's previously issued financial statements, the Company will restate its previously issued financial statements for the quarters ended March 31, June 30 and September 30, 2014. Audioeye Inc said that the Audit Committee also authorized an internal review of controls and policies and that investors should no longer rely upon the Company's previously released financial statements or other financial data for these periods, including any interim period financial statements, and any earnings releases relating to these periods. Shares of Audioeye Inc (OTCMKTS:AEYE) declined to as low as $0.264 per share on April 7, 2015.