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ZED Zedi Inc.

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Share Name Share Symbol Market Type
Zedi Inc. TSXV:ZED TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Zedi Inc. Reviewing Strategic Alternatives

01/11/2013 1:30am

Marketwired Canada


Zedi Inc. ("Zedi" or the "Corporation") (TSX VENTURE:ZED) announces that its
board of directors is conducting a review of strategic alternatives available to
the Corporation with a view to enhancing shareholder value. The board of
directors has established a committee of independent directors (the "Independent
Committee") to work with management and the Corporation's external advisors to
supervise the review of strategic alternatives. The Independent Committee has
engaged Simmons & Company International to provide financial advisory services
in connection with this review. Strategic alternatives may include, but are not
limited to, a corporate sale, merger or other business combination, a sale of a
material portion of Zedi's assets, a joint venture with an interested party, a
major financing or any other combination that will result in unlocking
additional value for shareholders. 


The announcement made by the Corporation on October 24th, 2013 regarding the
discontinuance of Telus CDMA EVDO service may cause delays in the strategic
alternatives review process and may impact the outcome. 


Zedi does not intend to disclose developments with respect to the strategic
alternatives review process until the board of directors has approved a
definitive transaction or strategic option, unless otherwise required by law.
Zedi cautions that there are no guarantees that the strategic alternatives
review will result in a transaction or, if a transaction is undertaken, as to
its terms or timing.


FORWARD -LOOKING STATEMENTS

Statements contained in this news release concerning the review of strategic
alternatives for Zedi constitute forward-looking statements. In making the
forward-looking statements, Zedi has made assumptions regarding, among other
things, its ability to identify, negotiate and consummate an acceptable
transaction. There is risk that Zedi will not successfully identify, negotiate
and/or consummate a suitable transaction. Readers are cautioned that this list
of risk factors should not be construed as exhaustive.


ABOUT ZEDI

Zedi Inc. (TSX VENTURE:ZED) helps the world's oil and gas producers be more
productive, more profitable, and more sustainable through technology backed by
expert consultation and services. Our 60 years of continuous operations in North
America and recognition as one of the industry's best workplaces, sets us apart
in the production operations landscape. With our unique combination of
award-winning automation, data management, and field and professional services,
we offer solutions to our customers' challenges and help them realize their
production potential.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Zedi Inc.
Debra Deane
Investor Relations
403-802-7092
403-444-1101 (FAX)
investor@zedi.ca

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