How to sugar coat the kiss of death
Dussault Apparel, Inc. (PINKSHEETS: DUSS) ("Dussault" or the "Company") wishes to provide an update to its shareholders in regard to its ongoing corporate planning.
The Company has recently made changes to its Board of Directors and has determined to initiate a review process to consider strategic alternatives with a view to enhancing shareholder value. Strategic alternatives may include, but are not limited to, the sale of all or a portion of Dussault's assets, a merger or other business combination transaction involving a third party, a joint venture, a financing, as well as continued execution of Dussault's existing business plan, or any combination thereof. Certain of these actions may impact on the current shareholders as they may cause a change of control or a restructure of the Company.
It is the Company's current intention not to disclose developments with respect to the strategic review process unless and until the Board of Directors has approved a specific transaction or otherwise determines that disclosure is necessary or appropriate. All disclosures will be made compliant with the rules and regulations of the Securities and Exchange Commission and any other regulatory bodies to which the Company may have reporting requirements.
The Board of Directors cautions that there are no assurances or guarantees that the process will result in a transaction or, if a transaction should be undertaken what the terms or timing of such a transaction may be. Further, any transactions may result in a change to the structure of the Company, the impact of which cannot be predicted at this time.
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