indiePub Entertainment Exploring Strategic Alternatives
May 29 2012 - 5:04PM
Business Wire
indiePub Entertainment, Inc. (OTCQB: IPUB), a leading developer,
publisher and distributor of interactive entertainment software for
digital distribution channels, today announced that it has retained
investment-banking firm B. Riley & Co., LLC, to explore
strategic alternatives to maximize shareholder value.
indiePub, formerly Zoo Entertainment, Inc., provides no
assurance that the initiation of a process to explore strategic
alternatives will result in a transaction. The company does not
currently intend to disclose developments with respect to the
exploration of strategic alternatives unless and until its board of
directors has approved a specific transaction.
About indiePub
indiePub (indiePub.com) is a leader in promoting independent
video games and their developers. indiePub has engaged indie game
developers and gamers by providing resources to collaborate and
create innovative games as well as sponsoring competitions
including the Independent Propeller Awards. indiePub is a
developer, publisher and distributor of independently created video
games for various platforms including game consoles, handheld game
systems, mobile devices and tablets. indiePub's elite indie games
lineup includes Kona's Crate, Vessel, Fireburst, Storm, Capsized,
Catapult for Hire and several yet-to-be announced games.
Safe Harbor
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995
about indiePub Entertainment, Inc. Forward-looking statements are
statements that are not historical facts. Such forward-looking
statements, based upon the current beliefs and expectations of
indiePub Entertainment, Inc.'s management, are subject to risks and
uncertainties, which could cause actual results to differ from the
forward-looking statements. The following factors, among others,
could cause actual results to differ from those set forth in the
forward-looking statements: general economic conditions;
geopolitical events and regulatory changes; requirements or changes
adversely affecting the businesses in which indiePub Entertainment
is engaged; demand for the products and services that indiePub
Entertainment provides, as well as other relevant risks detailed in
indiePub Entertainment, Inc.'s filings with the Securities and
Exchange Commission. The information set forth herein should be
read in light of such risks. indiePub Entertainment assumes no
obligation to update the information contained in this press
release.
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