tubm:
"On January 2, 2007, the Company entered into a non-binding letter of intent, dated as of December 27, 2006 (the “LOI”), with AutoMedia, Inc. (“AMI”), a Delaware corporation, which provides for the purchase by AMI of substantially all of the assets of the Company for a total purchase price of $10.0 million in cash, referred to as the asset acquisition. The purchase price is subject to adjustment for a bridge financing to be provided to the Company by AMI. The consummation of the asset acquisition and the other transactions contemplated by the LOI is subject to, among other things, the parties entering into a definitive agreement, AMI raising the purchase price through an equity or other securities offering, the Company having no outstanding debt or other obligations on the assets to be acquired by AMI except for permitted obligations as defined in the LOI, the satisfactory completion of due diligence by AMI and the Company’s receipt of a fairness opinion regarding the asset acquisition. The asset acquisition is also subject to the approval of the Company’s stockholders."