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BRIEF-KEW Media Announces Strategic Review Process And Management Changes

Published 2019-12-11, 08:26 a/m
Updated 2019-12-11, 02:01 p/m
BRIEF-KEW Media Announces Strategic Review Process And Management Changes

Dec 11 (Reuters) - KEW Media Group Inc KEW.TO :

* KEW MEDIA GROUP ANNOUNCES STRATEGIC REVIEW PROCESS AND MANAGEMENT CHANGES

* KEW MEDIA GROUP INC - ANNOUNCEMENT FOLLOWS EXPRESSIONS OF INTEREST FROM A NUMBER OF PARTIES CONCERNING POTENTIAL TRANSACTIONS INVOLVING COMPANY

* KEW MEDIA GROUP INC - ALTERNATIVES COULD INCLUDE, AMONG OTHER THINGS, SALE OF PART OR ALL OF COMPANY

* KEW MEDIA GROUP INC - APPOINTED MICHAEL CORRIGAN AS INTERIM CHIEF FINANCIAL OFFICER

* KEW MEDIA GROUP INC - SPECIAL COMMITTEE IS CHAIRED BY DAVID FLECK AND INCLUDES PATRICE MERRIN AND MAISH KAGAN

* KEW MEDIA - LEARNED THAT CERTAIN REPORTS PROVIDED BY GEOFF WEBB, CFO, TO CO & LENDERS CONTAINED "INACCURATE INFORMATION REGARDING WORKING CAPITAL"

* KEW MEDIA GROUP INC - WEBB HAS NOW LEFT COMPANY

* KEW MEDIA GROUP INC - CONDUCTING A DETAILED REVIEW OF MATTERS WITH SUPPORT OF ITS FINANCIAL AND LEGAL ADVISORS

* KEW MEDIA GROUP INC - CURRENTLY IN DISCUSSIONS WITH ITS SENIOR LENDERS REGARDING THIS AND ITS SHORT-TERM LIQUIDITY REQUIREMENTS.

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