IASG Retains Houlihan Lokey Howard & Zukin
13 Julho 2006 - 5:28PM
Business Wire
Integrated Alarm Services Group, Inc. (NASDAQ: IASG) announced
today that its Board of Directors has retained Houlihan Lokey
Howard & Zukin to assist the Board in evaluating certain
strategic alternatives under consideration by the Board, including,
but not limited to, a possible sale or merger of the Company.
Charles May, acting Chief Executive Officer, said, "There has been
significant interest expressed by third parties to enter into a
range of possible transactions with IASG, and we intend to fully
explore those and other options to enhance shareholder value." No
formal decisions have been made and no agreements have been reached
at this time. There can be no assurances that any particular
alternative will be pursued or that any transaction will occur, or
on what terms. The Company does not plan to provide updates until
this process is completed. About IASG Integrated Alarm Services
Group provides total integrated solutions to independent security
alarm dealers located throughout the United States to assist them
in serving the residential and commercial security alarm market.
IASG's services include alarm contract financing including the
purchase of dealer alarm contracts for its own portfolio and
providing loans to dealers collateralized by alarm contracts. IASG,
with 5,000 independent dealer relationships, is also the largest
wholesale provider of alarm contract monitoring and servicing. For
more information about IASG please visit our web site at
http://www.iasg.us.
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