SOURCE: Carrier Access

November 02, 2007 20:33 ET

Carrier Access Reiterates Strategic Alternative Process

BOULDER, CO--(Marketwire - November 2, 2007) - Carrier Access® Corporation (NASDAQ: CACS), a leading provider of data and voice transport solutions, today reiterated the statements made during its October 30, 2007 third quarter 2007 earnings call regarding the status of its strategic alternative process.

The Company has engaged financial advisors to evaluate and pursue strategic alternatives, including the possible sale of the Company. The Company has aggressively pursued a range of possibilities, has met with a number of parties and is currently in ongoing discussions. However, the Company has not reached an understanding or agreement with any party.

The Company will continue to follow its established policy of evaluating all indications of interest with its financial advisors, Jefferies Broadview. While there is no assurance that any transaction will result from this process, the Company is working hard to conclude these efforts within the next 60 to 90 days. These types of discussions involve sensitive and often time consuming negotiations, and it would be premature at this time for the Company to speculate on either the nature or likelihood of any transaction being successfully concluded. In addition, as a matter of policy, the Company does not comment on rumor or speculation regarding possible strategic alternatives.

Roger Koenig, Chairman of the Company, stated, "The Board and management are united in their efforts to diligently explore strategic alternatives and to maximize shareholder value."

About Carrier Access Corporation

Carrier Access (NASDAQ: CACS) provides consolidated access technology designed to streamline the communication network operations of wireless and wireline carriers, cable operators, enterprises and government agencies. Carrier Access products enable customers to consolidate and upgrade access capacity and implement converged IP services, while lowering costs and accelerating service revenue. Carrier Access' technologies help our customers do more with less. For more information, visit www.carrieraccess.com or call 303-218-5707.

Forward-Looking Statement Caution

This press release contains forward-looking statements, within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, concerning the status of pursuing strategic alternatives and the ability to conclude on-going discussions within 60-90 days. These forward-looking statements, which reflect management's best judgment based on factors currently known, are subject to risks and uncertainties that may cause actual results to differ materially, including, but not limited to, continuing uncertainty regarding general economic conditions, the ability to realize any strategic alternative, including the possible sale of the Company and other initiatives in a timely manner or at all, and other risks and uncertainties including those factors discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2006, Form 10-Q for the quarter ended June 30, 2007, and other documents periodically filed with the Securities and Exchange Commission. We do not undertake any obligation to revise or update any forward-looking statements, whether as a result of new information, future events, or otherwise.

Contact Information

  • Contact:
    Audra Burke
    (303) 218-5455