BabyUniverse (POSH) Hires Banc of America Securities as Financial Advisor to Explore Strategic Alternatives

October 5, 2006 10:57 AM EDT
BabyUniverse, Inc. (Nasdaq: POSH) previously announced that it is exploring strategic alternatives to enhance shareholder value including, but not limited to, the acquisition of a substantial private company, the acquisition of a complimentary public company or a potential sale of the Company.

In this regard, the Company today announced that it has retained Banc of America Securities LLC as its financial advisor. There can be no assurances that a transaction will result from this process and the company does not intend to disclose developments regarding its exploration unless and until the Company's Board of Directors has approved a specific transaction.

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