New Frontier Exploring Options


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.