Source Interlink Companies Hires Deutsche Bank Securities as Financial Advisor
Source Interlink Companies Hires Deutsche Bank Securities as Financial Advisor
BONITA SPRINGS, Fla., March 16 /PRNewswire-FirstCall/ -- Source Interlink Companies, Inc. (NASDAQ:SORC), a premier provider of family entertainment products and marketing services, today announced that its Board of Directors, in consultation with its strategic advisor, The Yucaipa Companies, LLC, hired Deutsche Bank Securities Inc. to act as its exclusive financial advisor in its previously announced process of evaluating strategic alternatives to enhance stockholder value, including but not limited to, a recapitalization, strategic acquisitions, and the combination, sale or merger of the Company with another entity.
In connection with this evaluation process, Deutsche Bank Securities, Inc. will work with an affiliate of The Yucaipa Companies, LLC, the Company's previously engaged consultant with respect to analyzing strategic alternatives.
In making this announcement, the Company stated that there can be no assurance that the exploration of strategic alternatives will result in a transaction. The Company does not intend to disclose developments with respect to the exploration of strategic alternatives unless and until the Board of Directors has approved a specific transaction.
About Source Interlink Companies, Inc.
Source Interlink Companies is a premier marketing, merchandising and fulfillment company of entertainment products including DVDs, music CDs, magazines, books and related items. The Company's fully integrated businesses include:
* Distribution and fulfillment of entertainment products to major retail
chains throughout North America and directly to consumers of
entertainment products ordered through the Internet
* Import and export of periodicals sold in more than 100 markets worldwide
* Coordination of product selection and placement of impulse items sold at
checkout counters
* Processing and collection of rebate claims as well as management of
sales data obtained at the point-of-purchase
* Design, manufacture and installation of wire fixtures and custom wood
displays in major retail chains
Source Interlink serves approximately 110,000 retail store locations throughout North America. Supply chain relationships include movie studios, record labels, magazine and newspaper publishers, confectionary companies and manufacturers of general merchandise. For more information, please visit the company's website at http://www.sourceinterlink.com/.
Source: Source Interlink Companies, Inc.
CONTACT: Dean Heine, Investor Relations, Source Interlink Companies,
Inc., +1-212-683-0376, dheine@sourceinterlink.com, or Todd St.Onge of Brainerd
Communicators, Inc., +1-212-986-6667, stonge@braincomm.com
Web site: http://www.sourceinterlink.com/
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