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STAMFORD, Conn., Mar 01, 2010 (BUSINESS WIRE) -- L-1 Identity Solutions, Inc. (NYSE: ID), a leading supplier of identity solutions and services, today announced that it has retained Goldman Sachs & Co. and Stone Key Partners LLC as financial advisors to explore strategic alternatives to enhance shareholder value. The consideration of strategic alternatives by the L-1 Board of Directors may not result in a sale transaction, therefore there is no assurance that this process will result in a sale of the Company or any other specific transaction. L-1 does not intend to disclose further developments during this process unless and until its Board of Directors approves a specific transaction or otherwise concludes the review of strategic alternatives.
About L-1 Identity Solutions
L-1 Identity Solutions, Inc. (NYSE: ID) protects and secures personal identities and assets. Its divisions include Biometrics / Enterprise Access and Secure Credentialing solutions, as well as Enrollment and Government Consulting services. With the trust and confidence in individual identities provided by L-1, international governments, federal and state agencies, law enforcement and commercial businesses can better guard the public against global terrorism, crime and identity theft fostered by fraudulent identity. L-1 Identity Solutions has more than 2,200 employees worldwide and is headquartered in Stamford, CT. For more information, visit www.L1ID.com.
Forward-Looking Statements
This news release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements in this press release and those made from time to time by L-1 Identity Solutions through its senior management are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company's current views based on management's beliefs and assumptions and information currently available. Forward-looking statements concerning future plans or results are necessarily only estimates, and actual results could differ materially from expectations. Certain factors that could cause or contribute to such differences include, among other things, the ability of L-1 to successfully consumate a strategic transaction on a timely basis. Additional risks and uncertainties are described in the Securities and Exchange Commission filings of L-1 Identity Solutions, including its Form 10-K for the year ended December 31, 2009. L-1 Identity Solutions expressly disclaims any intention or obligation to update any forward-looking statements.
ID-F
SOURCE: L-1 Identity Solutions
L-1 Identity Solutions
Doni Fordyce, 203-504-1109
dfordyce@L1ID.com
Copyright Business Wire 2010