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Innovo hires Jaffray & Co to enhance shareholder value

02
Mar '06
Leading expertise in apparel denim-wear and accessory products Innovo Group Inc announced that it has engaged Piper Jaffray & Co to advise the Company's Board of Directors regarding strategic alternatives to enhance shareholder value, including but not limited to strategic acquisitions, a combination, sale or merger of the Company with another entity, and the raising of capital through the sale of securities or assets of the Company.

In making the announcement, the Company stated that there can be no assurance that the exploration of strategic alternatives will result in a transaction.

The Company does not intend to disclose developments with respect to the exploration of strategic alternatives unless and until its Board of Directors has approved a specific transaction.

Innovo Group Inc, through its wholly owned subsidiaries Joe's Jeans Inc and Innovo Azteca Apparel Inc, is a sales and marketing organization designing and selling branded and private label apparel consumer products through retailers and distributors in the domestic and international marketplaces.

The company is headquartered in Los Angeles, California.

Innovo Group Inc


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