Fort Myers, Florida – (The Hosting News) – January 10, 2006 – Pay per click search engine company, MIVA, Inc. , has
retained investment banking firm Deutsche Bank Securities to assist the Board of
Directors in exploring and evaluating a range of strategic opportunities to
enhance shareholder value. Deutsche Bank will help the Board analyze options
including, but not limited to, the raising of capital through the sale of
securities or assets of the company, a recapitalization, strategic acquisitions,
and the combination, sale or merger of the business with another entity offering
strategic opportunities for growth.
MIVA expects to continue its drive to grow operations by seeking to add new publisher partners and advertisers to its global network, developing additional innovative products to broaden its suite of performance marketing solutions and maintaining its dedication to quality client service.
According to Craig Pisaris-Henderson, Chairman and CEO of MIVA, ”The board and management believe our current share price does not reflect the inherent value of the company and its opportunities, and the engagement of Deutsche Bank will help us to methodically examine a range of short-term and long-term alternatives as we continue to focus on growing our business.”
stated that there can be no assurance that any transaction will occur or, if one is undertaken, of its potential terms or timing. The company may not update its progress or disclose developments with respect to potential initiatives unless the Board of Directors has approved a definitive course of action or transaction.
To learn more about MIVA, please visit: www.miva.com.