SOURCE: Alteva

Alteva

January 20, 2015 08:47 ET

Alteva Board of Directors Announces Hiring of Advisor to Evaluate Alternatives to Enhance Shareholder Value

PHILADELPHIA, PA--(Marketwired - Jan 20, 2015) -  Alteva, Inc. ("Alteva" or the "Company") (NYSE MKT: ALTV), a premier provider of hosted Unified Communications-as-a-Service (UCaaS), announces that the Company's Board of Directors has hired Oppenheimer & Co. Inc. as its financial advisor to help evaluate strategic alternatives to enhance shareholder value. 

Brian J. Kelley, Chief Executive Officer of Alteva, commented, "We continue to be focused on growing our hosted unified communications business and we see compelling long-term opportunities for Alteva. We have received many communications from shareholders with multiple views on improving shareholder value and we are committed to ensuring we evaluate all opportunities."

About Alteva

Alteva (NYSE MKT: ALTV) is a premier provider of hosted Unified Communications as a Service ("UCaaS") that significantly enhances business productivity and efficiency. Alteva's UCaaS solution integrates and optimizes best-in-class cloud-based technologies and business applications to deliver a comprehensive voice, video and collaboration service for the office and mobile workforce. Alteva is committed to delivering meaningful value to our customers through a consistent, high quality and unified user experience across multiple devices, platforms and operating systems. These attributes have positioned Alteva as a leading hosted communications provider and the partner of choice for a growing number of business customers nationwide and internationally. To learn more about Alteva, please visit www.alteva.com. You can also follow Alteva on Twitter @AltevaInc or LinkedIn.

Safe Harbor Statement

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements, without limitation, regarding expectations, beliefs, intentions, growth, profitability, or strategies regarding the future. Alteva intends that such forward-looking statements be subject to the safe-harbor provided by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Alteva's actual results, performance or achievements or industry results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following: expectations of future profitability; general economic and business conditions, both nationally and in the geographic regions in which Alteva operates; industry capacity; demographic changes; technological changes and changes in consumer demand; the successful integration of Alteva's acquired businesses; existing governmental regulations and changes in, or the failure to comply with, governmental regulations; legislative proposals relating to the businesses in which Alteva operates; competition; or the loss of any significant ability to attract and retain qualified personnel. Given these uncertainties, current and prospective investors should be cautioned in their reliance on such forward-looking statements. There can be no assurance that the strategic alternatives process will result in one or more transactions or, if one or more transactions are undertaken, that the terms or timing of such transaction(s) will be acceptable to Alteva. Except as required by law, Alteva disclaims any obligation to update any such factors or to publicly announce the results of any revision to any of the forward-looking statements contained herein to reflect future events or developments. A more comprehensive discussion of risks, uncertainties, financial reporting restatements, and forward-looking statements may be seen in Alteva's Annual Report on Form 10-K and other periodic filings with the U.S. Securities and Exchange Commission.