CHARLOTTE, N.C., May 1, 2012 /PRNewswire/ — Nexxus Lighting, Inc. (NEXS) today announced that it is exploring strategic alternatives available to the company, including a possible sale. The Board of Directors intends to consider the full range of available options. The company also announced that it has engaged Canaccord Genuity to assist in the evaluation of these options.
There can be no assurance that any specific transaction regarding the company or its assets will be pursued or completed. There is no definitive timetable for the process. The company does not intend to disclose developments with respect to the progress of its strategic alternative review process until such time as the Board of Directors approves or completes a transaction(s) or otherwise deems further disclosure appropriate.
About Nexxus Lighting, Inc.
Nexxus is a leader in high performance LED replacement light bulbs sold under its Array® Lighting line of products. The company holds 41 issued U.S. and foreign patents and 33 patent applications pending related to its Array® Lighting and Lumificient product offerings. Nexxus is committed to leading edge design and introducing LED products that set the standard in the industry in terms of performance and reliability.
Certain of the above statements contained in this press release are forward-looking statements that involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Reference is made to Nexxus Lighting’s filings under the Securities Exchange Act for factors that could cause actual results to differ materially. Nexxus Lighting undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those indicated in the forward-looking statements as a result of various factors. Readers are cautioned not to place undue reliance on these forward-looking statements.