Zix Corporation Announces Review of Strategic Alternatives for e-Prescribing Business
June 11 2009 - 4:24PM
PR Newswire (US)
DALLAS, June 11 /PRNewswire-FirstCall/ -- Zix Corporation
(ZixCorp(R)), (NASDAQ:ZIXI), the leader in email encryption
services and payor sponsored e-Prescribing services, announced
today that it has retained Allen & Company LLC to assist
ZixCorp's Board of Directors in investigating strategic
alternatives for maximizing the value of the Company's
e-Prescribing business. This strategic review may result in a
partnership, joint venture, the sale of some or all of its
e-Prescribing assets or a similar transaction. No decision has been
made to enter into any transaction at this time and there can be no
assurance that the Company will enter into such a transaction in
the future. It is ZixCorp's policy not to comment on any specific
discussions or any potential corporate transactions unless and
until it enters into a definitive agreement with respect to such a
transaction. About Zix Corporation Zix Corporation is the leader in
email encryption and payor sponsored e-prescribing services.
ZixCorp offers the simplicity of Software as a Service with the
convenience of customizable encryption policies. ZixCorp provides
automated key management "in the cloud" for all its customers,
resulting in a scalable, reliable, easy-to-use and
simple-to-administer service. ZixDirectory(SM) is the largest email
encryption directory in the world enabling seamless and secure
communication among communities of interest. ZixDirectory connects
over 17 million members. ZixCorp's PocketScript(R) e-prescribing
service saves lives and saves money by automating the prescription
process between payors, doctors and pharmacies. For more
information, visit http://www.zixcorp.com/. Forward-Looking
Statements This press release contains "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933, as
amended and Section 21E of the Securities Exchange Act of 1934, as
amended, which are subject to change and to inherent risks and
uncertainties, including whether the Company will enter into such a
transaction and its effects on the Company and its stockholders.
The Company does not intend, and undertakes no obligation, to
update or revise any forward-looking statement, except as required
by federal securities regulations. DATASOURCE: Zix Corporation
CONTACT: Public Relations, Geoff Bibby, +1-214-370-2241, , or
Investor Relations, Peter Wilensky, +1-214-515-7357, , both of Zix
Corporation Web Site: http://www.zixcorp.com/
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