Attached files
| file | filename |
|---|---|
| 8-K - Clark Holdings Inc. | v211326_8k.htm |
Exhibit
99.1
For
Immediate Release
Clark
Holdings Inc. Announces Intention to
Explore
Financial and Strategic Alternatives
Trenton,
New Jersey, February 14, 2011 - Clark Holdings Inc. ("Clark") (NYSE AMEX:
GLA;GLA.U; GLA.WS), a non-asset-based provider of mission-critical supply chain
solutions, today announced that the Board of Directors has unanimously decided
to explore financial and strategic alternatives to enhance shareholder value,
including the possible sale or merger of the company. The Board of
Directors has retained Eve Partners, LLC to assist it in the evaluation of these
alternatives. The company noted that there can be no assurance that
the exploration of strategic alternatives will result in any
transaction.
About
Clark
Over its
30-year history, Clark has built a position as the leading independent provider
of value-added distribution, transportation management, and international air
and ocean freight forwarding services to the print media and other
industries.
This press release may contain
certain forward-looking statements including statements with regard to the
future performance of Clark. These forward-looking statements inherently involve
certain risks and uncertainties that are detailed in Clark's filings with the
Securities and Exchange Commission. Clark undertakes no obligation to
publicly update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise.
Contact:
Kevan
Bloomgren
Chief
Financial Officer
Clark
Holdings, Inc.
609-396-1100
Contact:
Tom
Connolly
Managing
Director
Eve
Partners, LLC
404-240-1377