Factory Card & Party Outlet Corp. Announces the Engagement of Goldsmith Agio Helms
January 23 2007 - 10:53AM
Business Wire
Factory Card & Party Outlet Corp. (NASDAQ: FCPO) announced
today that it has engaged investment banking firm Goldsmith Agio
Helms to assist the Company and its Directors with its previously
announced decision to identify and evaluate potential strategic
alternatives to enhance shareholder value. Today�s statement
follows the Company�s December 12, 2006, announcement that the
Company would be undertaking a process to explore strategic
alternatives to enhance shareholder value and that it planned to
hire an investment banking firm to assist with the analysis and
consideration of various alternatives including the potential sale
of the Company. As is customary with such processes, the Company
may not make any further announcements regarding its exploration of
strategic alternatives unless and until the process is terminated
or the Company executes a definitive agreement relating to a
transaction. No assurance can be given that any transaction will be
pursued or, if a transaction is pursued, that it will be
consummated. Factory Card & Party Outlet (www.factorycard.com)
based in Naperville, Illinois, is the largest publicly traded
retail party chain in the United States. Factory Card & Party
Outlet currently operates 187 Company-owned retail stores in 20
states, offering a wide selection of party supplies, greeting
cards, giftwrap, balloons, everyday and seasonal merchandise, and
other special occasion merchandise at everyday value prices.
Goldsmith Agio Helms (www.agio.com) is one of the nation's leading
independent investment banking firms providing corporate finance
advisory services�to middle-market businesses. Goldsmith Agio Helms
bankers David Solomon, Co-CEO and Head of the firm�s Retail
Practice, and Craig Korte, Director, will lead the Factory Card
& Party Outlet assignment for Goldsmith Agio Helms. Certain
statements in this news release constitute �forward-looking
statements� within the meaning of the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements involve known
and unknown risks, uncertainties, year-end adjustments and other
factors that may cause the actual results, performance or
achievements of the Company, or industry results, to be materially
different from any future results, performance or achievements
express or implied by such forward-looking statements. In general,
the results, performance or achievements of the Company and its
stores and the value of the Company�s common stock are dependent
upon a number of factors including, without limitation, the
dependence on key personnel; competition, ability to anticipate
merchandise trends and consumer demand; ability to maintain
relationships with suppliers; successful implementation of
information systems; successful handling of merchandise logistics;
inventory shrinkage; ability to meet future capital needs;
governmental regulations; and other factors both referenced and not
referenced in the Company�s filings with the Securities and
Exchange Commission.
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