CHICAGO, March 7, 2013 /PRNewswire/ -- Acquity Group
Limited ("Acquity" or the "Company") (NYSE MKT: AQ), a leading
global Brand eCommerce™ and digital marketing company, announced
that, as indicated in the previous quarterly announcement, it has
been exploring strategic options relating to the joint
ventures. Since the Company's initial public offering in
April 2012, Acquity has not made
further investments into the joint ventures. As of February 18, 2013, shareholders of Digital
Li-Ning Company Limited entered into an agreement to terminate the
joint venture. The Huaren Kudong joint venture has been a passive
investment in which the Company did not have management involvement
since inception. Acquity has taken steps to explore the delegation
of divestment rights to management, with the Company retaining a
right to the proceeds.
Separately, the Company has received non-binding indications of
interest relating to possible strategic transactions and the board
of directors has retained professional advisors to evaluate such
indications. There can be no assurance that such non-binding
indications will result in any specific action or transaction. The
Company does not intend to comment further unless a definitive
agreement for a specific transaction is entered into, the process
is concluded, or it otherwise deems further disclosure is
appropriate or required.
About Acquity Group Limited
Acquity Group Limited is a leading Brand eCommerce™ and
digital marketing company that leverages the internet, mobile
devices and social media to enhance its clients' brands and
e-commerce performance. It is the digital agency of record for a
number of well-known global brands in multiple
industries. Acquity Group Limited has served more than
600 companies and their global brands through thirteen offices
in North America. For more information about Acquity Group
Limited, visit www.acquitygroup.com.
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Investor Relations Contacts:
Jessica
Barist Cohen
Ogilvy Financial, New York
Phone: +1(646)460-9989
E-mail: aq@ogilvy.com
SOURCE Acquity Group LLC