NEW YORK-The Independent Committee of the board of directors of Intek Global Corp. said it
retained Bear, Stearns and Co. Inc. to represent it in any potential dealings with Securicor Communications Ltd., Intek’s
majority shareholder.
Securicor Communications filed an amendment to its Schedule 13D announcing it was
considering various alternatives relating to Securicor’s debt and equity investments in Intek Global. The Independent
Committee was formed to evaluate any proposals that may be forthcoming from Securicor, said Intek Global.
Bear
Stearns also will be providing advice on acquisition, financing and investment programs, said Intek.
