SOURCE: Optex Systems Holdings, Inc.
RICHARDSON, TX--(Marketwired - May 07, 2013) - Optex Systems Holdings, Inc. (OTCQB: OPXS) (OTCBB: OPXS), a leading manufacturer of optical sighting systems and assemblies for domestic and foreign military and related applications, announced today that the Board of Directors of the Company has retained Janes Capital Partners as the Company's financial advisor to assist in exploring and evaluating potential acquisition and expansion opportunities. Merrick Okamoto, Chairman, stated, "We believe our manufacturing expertise and exceptional quality processes positions the Company for expansion during this cyclical period of slower defense spending. We are confident that with the assistance of Janes Capital Partners, we will benefit from a broader product line and stronger market position."
Based in Irvine, CA, Janes Capital Partners is a leading boutique investment banking firm focused solely on the Aerospace and Defense industry. The firm provides mergers and acquisition advisory services and assists clients in executing growth strategies, debt and equity financing and liquidity events. Securities transactions are conducted through JCP Securities, Inc., a registered Broker/Dealer, member FINRA/SIPC, and registered Investment Advisor.
Optex Systems Holdings, Inc. cautions that there are no guarantees that the retention of Janes Capital Partners as its financial advisor will result in a transaction or, if a transaction is approved by the Board of Directors, whether the terms or timing of such a transaction will be approved by shareholders.
Optex Systems Holdings, Inc. currently does not intend to make any further public announcements regarding potential acquistion or expansion opportunities until such time as the Board of Directors approves a transaction or otherwise determines that further disclosure is appropriate.
ABOUT OPTEX SYSTEMS HOLDINGS, INC. AND OPTEX SYSTEMS, INC.
Optex Systems, Inc., the wholly owned subsidiary of Optex Systems Holdings, Inc. (OTCQB: OPXS) (OTCBB: OPXS), was founded in 1987 and is a Richardson, Texas based ISO 9001:2008 certified company, which manufactures optical sighting systems and assemblies, primarily for Department of Defense (DOD) applications. Its products are installed on various types of U.S. military land vehicles, such as the Abrams and Bradley fighting vehicles, light armored and armored security vehicles, and have been selected for installation on the Stryker family of vehicles. Optex Systems, Inc. also manufactures and delivers numerous periscope configurations, rifle and surveillance sights and night vision optical assemblies. Optex Systems, Inc. delivers its products both directly to the military services and to prime contractors. For additional information, please visit the Company's website at www.optexsys.com.