Stratos International looks for alternatives

    Sept. 14, 2006
    SEPTEMBER 14, 2006 -- In connection with this process, Stratos has retained CIBC World Markets Corp. as its exclusive financial advisor.

    SEPTEMBER 14, 2006 -- Stratos International, Inc. (search for Stratos) announced that its board of directors has decided to explore various strategic alternatives for Stratos to maximize shareholder value, including the possible sale of the company. In connection with this process, Stratos has retained CIBC World Markets Corp. as its exclusive financial advisor.

    Stratos said that Steel Partners II, which issued a press release in June indicating that Steel Partners might be willing under some circumstances to make an offer for Stratos, would be welcome to participate in the process.

    Stratos noted that there can be no assurance that a transaction will result involving Stratos.

    Stratos designs, develops, and manufactures RF and microwave as well as optical subsystems, components, and interconnect products used in telecom, enterprise, military and video markets.

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