Sept 10 (Reuters) - Nexj Systems Inc NXJ.TO :
* NEXJ SYSTEMS INITIATES REVIEW OF STRATEGIC AND FINANCIAL ALTERNATIVES
* NEXJ SYSTEMS INC - APPOINTED A SPECIAL COMMITTEE TO REVIEW AND CONSIDER ALTERNATIVES WHICH MAY INCLUDE, AMONG OTHERS, RECAPITALIZATION
* NEXJ SYSTEMS INC - COMMITTEE TO REVIEW ALTERNATIVES WHICH MAY INCLUDE, AMONG OTHERS, JVS, STRATEGIC PARTNERSHIPS OR ALLIANCES
* NEXJ SYSTEMS INC - NO CERTAINTY THAT ANY TRANSACTION OR ALTERNATIVE WILL BE UNDERTAKEN OR PURSUED
* NEXJ SYSTEMS INC - ENGAGED TD SECURITIES INC. AS ITS FINANCIAL ADVISOR AND BLAKE, CASSELS & GRAYDON AS ITS LEGAL ADVISOR
* NEXJ SYSTEMS INC - SPECIAL COMMITTEE IS COMPRISED OF THREE INDEPENDENT DIRECTORS OF COMPANY
* NEXJ SYSTEMS INC - ENGAGED TD SECURITIES INC. AS ITS FINANCIAL ADVISOR AND BLAKE, CASSELS & GRAYDON AS ITS LEGAL ADVISOR