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Article: ART Advanced Research Technologies Announces Review of Strategic Options and Downsizing.
- Article from:
- Marketwire Canada
- Article date:
- October 29, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MONTREAL, QUEBEC, CANADA, Oct 29, 2009 (Marketwire via COMTEX) -- ART Advanced Research Technologies Inc. (ART) (TSX:ARA), a Canadian medical device company and a leader in optical molecular imaging products for the healthcare and pharmaceutical industries, announced today that in view of the Company's ongoing financial needs, its Board of Directors has initiated a process to explore strategic options available to the Company. Concurrently with this strategic review, the Company has implemented a downsizing of its workforce.
The Board has retained KPMG LLP as financial advisor to assist in examining strategic options available to the Company which may include a ...