Unifi filed a statement with the SEC informin stockholders that it is continuing its previously announced initiative to explore strategic alternatives to improve shareholder value. The company has engaged Lehman Brothers to provide financial advisory services to the Company in evaluating the Company's current business model and identifying and evaluating the strategic and financial alternatives for the Company.
The Company does not expect to update its progress or disclose developments with respect to the exploration of strategic alternatives unless the Board of Directors has approved a definitive transaction. There can be no assurance that the exploration of strategic alternatives will result in any transaction.
