Evine Live Inc. Announces Completion of Strategic Alternative Process
8:03 am ET June 26, 2019 (Globe Newswire) Print
Evine Live Inc. (NASDAQ: EVLV) announced today the completion of its previously announced review of strategic alternatives. After careful consideration of a broad range of strategic alternatives in consultation with its financial and legal advisors, the board of directors has determined the interests of the Company's shareholders are best served by focusing on the execution of the Company's new interactive media growth strategy that was previously announced on May 29, 2019.
Landel Hobbs, Chairman of the Board of Evine, said "The appointment of Tim Peterman as CEO along with the recent strategic investment from The Invicta Watch Group have strongly positioned Evine to capture the opportunities we see in the future of video commerce and interactive media. Looking ahead, we have a focused plan and team in place that we believe will drive meaningful short-term and long-term growth."
Tim Peterman, CEO of Evine added, "We've accomplished a lot in a short time by taking the necessary steps, both strategic and tactical, to improve our financial performance. We are in motion on a clear path to maximize shareholder value. I'm pleased with our progress and optimistic about our future."
About Evine Live Inc.
Evine Live Inc. (NASDAQ:EVLV) operates Evine, a multiplatform interactive digital commerce company that offers a mix of proprietary, exclusive and name brands directly to consumers in an engaging and informative shopping experience via television, online and mobile. Evine reaches more than 87 million television homes with entertaining content in a comprehensive digital shopping experience offered 24 hours a day.
Please visit www.evine.com/ir for more investor information.
