STAMFORD, Conn.-I3 Mobile Inc. announced it will use an investment banking firm to explore a range of potential options for the company, including “a potential strategic alliance, joint venture, merger or acquisition, or possible sale of the company.”
“In taking this action, the company firmly believes that i3’s value in the public market does not adequately reflect the quality of its technology, people, product, and its growth prospects,” said John A. Lack, the company’s president and chief executive officer. “With our Pronto service, the company is ideally positioned to capitalize on the increasing consumer demand for voice services. We remain dedicated to the innovation of cutting-edge voice offerings, delivering high-quality services to our customers and creating value for our shareholders.”
The company sells a premium mobile subscription information and communication service for telephones.
