Anthony Clark- Strategic Alternatives Process
CALGARY, Alberta--(BUSINESS WIRE)--ANTHONY CLARK INTERNATIONAL INSURANCE BROKERS LTD. (TSX Venture Exchange: ACL; OTCQX: ACKBF) (the "Corporation") announces that it has initiated a process to explore and evaluate potential strategic alternatives with a view to enhancing shareholder value. There are no assurances that the Company will be able to identify a suitable transaction or that if the Company does identify a transaction, it will be able to successfully complete the transaction. Completion of a suitable transaction will be subject to a number of conditions including potentially shareholder and regulatory approval. The Company does not have a potential transaction contemplated at this time.
The Company will analyze and evaluate options to the Company which may include a joint venture, merger, sale or other strategic alternatives.
The Company does not intend to comment further regarding the review process unless a specific transaction is approved by the Board of Directors, the review process is concluded or it is otherwise determined that further disclosure is necessary.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
For further information please contact:
Anthony Clark International Insurance Brokers Ltd.
Mr. Tony Consalvo, President and CEO
Telephone: (403) 225-5100
Except for the historical information contained herein, this press release contains statements that constitute forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that may cause or contribute to such differences include, among other things, the Company’s ability to close the proposed transaction. Other risks and uncertainties include changes in business conditions and the economy in general, changes in governmental regulations, unforeseen litigation and other risk factors identified in the Company’s public filings under “Risk Factors.” The Company undertakes no obligation to update these forward-looking statements for revisions or changes after the date of this press release.
On behalf of
ANTHONY CLARK INTERNATIONAL INSURANCE BROKERS LTD.
Tony Consalvo, CEO