New Frontier Exploring Options

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New Frontier Media Inc. said Tuesday that it has retained Averil Capital Markets Group Inc. to assist in exploring strategic options that may enhance shareholder value.

The adult-entertainment provider added, “Such strategies may include, but are not limited to, acquisitions, strategic joint ventures, recapitalizations, mergers and/or share repurchases.”

New Frontier said its board of directors will evaluate the alternatives and pursue those that it believes are in the best interest of the company and its shareholders.

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