Shares Outstanding: 18 743 810
MONTREAL, Jan. 15 /CNW Telbec/ - Clemex Technologies Inc, (Clemex or the
"Company") (TSX Venture: CXG.A) announces that it is initiating a review of
various strategic options to further enhance shareholder value. These options
include, but are not limited to, looking for a possible acquirer or partner
with a view to a merger or acquisition of the Company.
The Board of Directors of the Company has created an independent
Strategic Orientation Committee which has been mandated to perform such review
of the options. The Committee will retain an exclusive financial advisor to
assist in the review. There can be no assurance that the review will result in
any specific strategic or financial transactions and no timetable has been set
for its completion.
The Company intends to make no further announcements or comment unless
the circumstances so warrant.
About Clemex Technologies, Inc.
Clemex Technologies Inc. develops, manufactures and markets image
analysis systems and software used by quality control and research microscopy
laboratories. Clemex's customer base spans over many countries in America,
Europe, Asia and encompasses major Research and Development Centers,
prestigious Universities and large manufacturing industries in various fields
including automotive, aerospace, raw materials manufacturing, pharmaceuticals,
mining and other sectors.
The CDNX has not reviewed and does not accept responsibility for the
adequacy and accuracy of this news release.
For further information:
For further information: Clément Forget, President and CEO, Clemex
Technologies, Inc., (450) 651-6573, firstname.lastname@example.org