CTI Group advisors evaluating privatization offer.
CTI Group (Holdings) Inc. (OTC: CTIG) reported that the recently formed special committee of the board of directors has retained Duff & Phelps Securities, LLC as independent financial advisor and Ice Miller LLP as independent legal counsel to the special committee to assist in its evaluation of the non-binding indication of interest made on March 7, 2013, by Fairford Holdings Ltd.
No decisions have been made by the special committee with respect to the non-binding indication of interest and there can be no assurance that any definitive offer will be made, that any agreement will be executed or that any transaction will be approved or consummated.
CTI Group is an international provider of electronic invoice processing and management, enterprise communications management software and services solutions, and carrier class voice over Internet protocol (VoIP) management applications. For more information, visit CTI Group's website at www.ctigroup.com.
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