Accelerize Inc. Announces Update to Strategic Review and Decision to Engage Regions Securities LLC
Decision Comes as Part of a Comprehensive Internal Strategic Review to Evaluate Opportunities for Maximizing Shareholder Value
NEWPORT BEACH, Calif., Nov. 14, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Accelerize Inc. (OTCQB: ACLZ) (OTCBB: ACLZ) (the “Company”), a marketing technology solutions provider transforming the way advertisers leverage their digital advertising data, today announced an update to its previously disclosed internal strategic review focused on opportunities to maximize shareholder value. As a result of its analysis to date, the Company believes the investment merits of CAKE and Journey have not been adequately understood by the investment community. Accordingly, Accelerize has engaged Regions Securities LLC, an affiliate of Regions Bank, to serve as its financial advisor. The Board of Directors, together with its legal advisors and Regions Securities LLC, will continue its strategic review, encompassing a careful assessment of: i) the Company’s business plan, growth strategy and market valuation, ii) the optimal capital structure of the Company, and iii) any other alternatives identified by the Board of Directors. There can, however, be no assurance that the strategic review process will, in fact, lead to any transaction or change in capital structure.
While undertaking this review process, the Board of Directors and management team will remain highly focused on executing the Company’s operational plans.
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements in this communication about Accelerize’s expectations, beliefs, plans or forecasts, including statements regarding a proposed transaction, the expected timetable for a transaction, benefits of and the application of proceeds from a transaction and future opportunities for Accelerize and its products and securities, that are not historical facts are forward-looking statements. These statements are typically identified by words or phrases such as “may,” “will,” “could,” “should,” “would,” “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” “target,” “prospects,” “potential” and “forecast,” and other words, terms and phrases of similar meaning. Forward-looking statements involve estimates, expectations, projections, goals, forecasts, assumptions, risks and uncertainties. Accelerize cautions readers that a forward-looking statement is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking statement. The information contained herein speaks as of the date hereof and Accelerize neither has nor undertakes any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
Accelerize Inc. (OTCBB: ACLZ) offers marketing technology solutions that revolutionize the way advertisers leverage their digital advertising data. For more information, visit www.accelerize.com.
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