STLW Stratos Intl (MM)

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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