CINAR Hires Investment Bank, Merrill Lynch & Co. as Advisor.Business Editors MONTREAL--(BUSINESS WIRE)--Aug. 2, 2000 CINAR Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CINRE) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CIF (1) (Common Intermediate Format) A standard video format used in videoconferencing. CIF formats are defined by their resolution, and standards both above and below the original resolution have been established. The original CIF is also known as Full CIF (FCIF). .A.) (TSE:CIF.B.) announced today that it has engaged the services of investment bank, Merrill Lynch & Co. as an advisor. "Merrill Lynch & Co. will work with us and our current advisors, PricewaterhouseCoopers LLP, to review all strategic alternatives available to the Company in order to maximize future shareholder value, including any proposed business combination, partnerships or mergers," said Barrie Usher, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of CINAR. "We are very pleased and look forward for benefiting from Merrill Lynch's expertise to help us resolve our present situation. CINAR Corporation (Nasdaq: CINRE; and Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. ; CIF.A, CIF.B) is an integrated entertainment and education company involved in the development, production, post-production and worldwide distribution of non-violent, quality programming and educational products for children and families. CINAR's web site is www.cinar.com. This release may include information that could constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 (U.S.). Forward-looking statements are identified by words such as "believe", "anticipate", "expect", "intend", "plan", "will", "may" and other similar expressions. Such forward-looking statements are subject to a number of known or unknown risks and uncertainties. |
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