MONTREAL, Feb. 9 /CNW Telbec/ - ISACSOFT Inc. (TSX-V: ISF - News) today announced that it is evaluating various strategic alternatives, including, but not limited to, a sale of the Company, a business combination or a capital reorganization, and has engaged Canaccord Capital Corporation as financial advisor to assist the Company in evaluating and considering such alternatives and their potential for enhancing shareholder value. The Company anticipates that this process will take several months. However, there can be no assurance that any transaction or other alternative will ultimately be completed. "We are hopeful that this initiative will lead us to bridging the gap between our lagging share price and what we perceive to be the true value of ISACSOFT" said ISACSOFT's President and Chief Executive Officer, Ronald Brisebois. "We are confident that this process will be welcome by our shareholders and look forward to its outcome. In addition, this strategic process will not impact our operations, nor our commitment to our local and international clientele." added Mr. Brisebois.
ISACSOFT is a provider of software business solutions, information technology-training and systems integration consulting to its national and international customers. The revenue model is based on software licences, recurring revenues and strategic projects targeting key customers. ISACSOFT is headquartered in Montréal, Canada with offices in Québec City, Paris, London, Cologne and The Hague.
This news release may contain forward-looking statements relating to the Company and/or the environment in which it operates that are based on the Company's expectations, estimates and forecasts. These statements are not guarantees and involve risks and uncertainties that are difficult to predict and/or are beyond the Company's control. A number of factors may cause actual outcomes and results to differ materially from those expressed. These factors include those set forth in other public filings of the Company. Therefore, readers should not place undue reliance on these forward-looking statements. In addition, these forward-looking statements speak only as of the date made and the Company disavows any intention or obligation to update or revise any such statements as a result of any event, circumstance or otherwise. Factors which may influence the likelihood of completion of a transaction or other alternative include, among other things: the ability of the Company to successfully implement its strategic initiatives and whether such strategic initiatives will yield the expected benefits; competitive conditions in the businesses in which the Company participates; general economic conditions and normal business uncertainty; fluctuations in foreign currency exchange rates; changes in the Company's relationship with its suppliers; and changes in laws, rules and regulations.