Post by
JetBoot on Aug 28, 2019 3:39pm
Keller Speech about the Investment Bank (investor call)
“Let me wind up my remarks by addressing our recent release that we have engaged a NY-based investment banker to assist us in considering our strategic alternatives. Starting late last year and into this year, we received two unsolicited expressions of interest from companies who admire our TotalSocial platform and the innovation it represents and wanted to discuss a potential strategic investment or acquisition of Engagement Labs. As a Board, we decided that the best way forward was to engage an investment bank with deep relationships in the marketing technology, data and analytics, and market research spaces to undertake a systematic review for us of our opportunities. We interviewed several banks that all met our criteria, and in August we announced we had engaged one to proceed. The process is underway and as I’m sure you can all appreciate, we cannot reveal too much at this time lest we jeopardize their work. They are casting a wide net and seeking interest from a large number of prospective companies, in geographies that include North America, Europe and Asia. They report that the initial expressions of interest they are getting is encouraging based on their experience at the early stage of other processes like this. We have instructed them to consider a range of strategic alternatives, including a strategic investment, the sale of the company’s assets, or an outright sale. I would like to remind everyone that this is an exploration and there is no assurance that any material decisions will be made as a result of this process. We will keep you informed when there is additional news that we are able to share.”