Stratos International to Explore Strategic Alternatives
14 Septiembre 2006 - 9:15AM
PR Newswire (US)
CHICAGO, Sept. 14 /PRNewswire-FirstCall/ -- Stratos International,
Inc. (NASDAQ:STLW) announced that its Board of Directors has
decided to explore various strategic alternatives for Stratos to
maximize shareholder value, including the possible sale of Stratos.
In connection with this process, Stratos has retained CIBC World
Markets Corp. as its exclusive financial advisor. Stratos said that
Steel Partners II, which issued a press release in June indicating
that Steel Partners might be willing under some circumstances to
make an offer for Stratos, would be welcome to participate in the
process. Stratos noted that there can be no assurance that a
transaction will result involving Stratos. ABOUT STRATOS
INTERNATIONAL Stratos is a leading designer, developer and
manufacturer of RF and Microwave, as well as optical subsystems,
components and interconnect products used in telecom, enterprise,
military and video markets. Stratos has a rich history of optical
and mechanical packaging expertise and has been a pioneer in
developing several optical devices using innovative form factors
for telecom, datacom and harsh environments application. This
expertise, coupled with several strategic acquisitions, has allowed
Stratos to amass a broad range of products and build a strong IP
portfolio of more than 100 patents. Stratos currently serves more
than 1,300 active customers, who are primarily in telecom/datacom,
military/aerospace and video markets. Stratos' headquarters is in
Chicago, Illinois, USA. ABOUT CIBC WORLD MARKETS CIBC World Markets
Corp. is the securities brokerage and investment banking arm of the
Canadian Imperial Bank of Commerce. It offers a full range of
integrated credit and capital markets products, investment banking,
and merchant banking to clients in key financial markets in North
America and around the world. It is listed on the New York and
Toronto stock exchanges (NYSE:CMNYSE:TSX:NYSE:CM). SAFE HARBOR
STATEMENT This press release contains predictions and other
forward-looking statements. All forward-looking statements in this
press release are based on information available to Stratos as of
the date hereof, and we assume no obligation to update any such
forward-looking statements. Forward-looking statements are subject
to risks and uncertainties and actual results may differ materially
from any future performance suggested. These factors include rapid
technological change in the optical communications industry;
fluctuations in operating results; Stratos' dependence on a few
large customers; and competition. Other risk factors that may
affect Stratos' performance are listed in Stratos' annual report on
Form 10-K and other reports filed from time to time with the
Securities and Exchange Commission. DATASOURCE: Stratos
International, Inc. CONTACT: Barry Hollingsworth, Vice President
& Chief Financial Officer of Stratos, +1-708-457-2379, Web
site: http://www.stratosinternational.com/
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