clickNsettle.com to Explore Strategic Alternatives

Share Name	Share Symbol	Market	Type
Click Holdings Ltd	NASDAQ:CLIK	NASDAQ	Common Stock

Share Name

Share Symbol

Market

Type

Click Holdings Ltd

NASDAQ:CLIK

NASDAQ

Common Stock

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	-0.3351	-48.91%	0.35	0.3499	0.35	0.5901	0.25	0.5901	13,519,491	00:56:09

Price Change

% Change

Share Price

Bid Price

Offer Price

High Price

Low Price

Open Price

Shares Traded

Last Trade

-0.3351

-48.91%

0.35

0.3499

0.35

0.5901

0.25

0.5901

13,519,491

00:56:09

clickNsettle.com to Explore Strategic Alternatives

02/07/2004 9:40pm

PR Newswire (US)

Click (NASDAQ:CLIK)
Historical Stock Chart

From Apr 2020 to Apr 2025

clickNsettle.com to Explore Strategic Alternatives GREAT NECK, N.Y., July 2 /PRNewswire-FirstCall/ -- clickNsettle.com, Inc. (OTC:CLIK) (BULLETIN BOARD: CLIK) , a global provider of innovative dispute resolution solutions, today announced that its Board of Directors has decided to explore strategic alternatives for the Company in an effort to protect shareholder value. The Board is open to all potential alternatives, including merger candidates, as well as the purchase or privatization of the existing business. There can be no assurance that these efforts will result in a transaction or, if a transaction does take place, what terms it will be made on and what impact it will have on the stock price. The CEO articulated to the Board that should the existing business be privatized, he expressed that it is probable that he would submit a bid in such a process. Roy Israel, President and CEO, stated, "As a result of the numerous scandals in recent years and the passing of the Sarbanes-Oxley act to safeguard shareholders, micro-cap companies such as ours are faced with mounting legal and auditing fees to meet the new compliance requirements now needed to remain public. Not only are these new requirements extremely costly in terms of out-of-pocket expenditures, but also, are very time-consuming and place a strain on our limited personnel resources. While we remain optimistic about the need for the Company's services, we believe that the unavoidability of these escalating costs shortens the timeframe that the company needs in order to realize revenues from many of its sales and marketing initiatives. Therefore, the present scenario necessitates that we look at all possible transactions which are in the best interests of the shareholders." About clickNsettle.com Headquartered in Great Neck, New York, clickNsettle.com, Inc. provides innovative and highly effective dispute resolution services and solutions to entities that seek alternatives to the traditional and often time-consuming and expensive legal process. clickNsettle.com, the parent company of National Arbitration and Mediation (NAM), offers a comprehensive selection of some of the finest lawyers globally, with more than 1,700 top-tier former judges and attorneys worldwide. Additionally, the company has a number of inventions designed to enhance transparency and ensure the integrity of ADR (alternative dispute resolution) initiatives. Although the dispute resolution industry is still relatively young, clickNsettle.com has been recognized nationally as a leader in the field and the NAM brand name is well established within the legal and business communities. The statements contained in the release contain forward-looking statements relating to such matters as anticipated financial performance, business prospects, and similar matters. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. In order to comply with the terms of the safe harbor, the Company notes that a variety of factors could cause the Company's actual results to differ materially from the anticipated results or other expenditures expressed in the Company's forward- looking statements. These factors include changes in the insurance and legal industries; the Company's inability to retain current or new hearing officers; changes in the public court system; and the degree and timing of the market's acceptance of its arbitration and mediation programs and electronic oversight applications. DATASOURCE: clickNsettle.com, Inc. CONTACT: Roy Israel of clickNsettle.com, Inc., +1-516-829-4343

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CLIK Click Holdings Ltd