Digital Media Solutions, Inc. (OTCPK:DMSL) announced that its Board of Directors has initiated a process to evaluate potential strategic alternatives to maximize value. As part of the process, the Board will consider a full range of strategic, operational and financial alternatives, including a potential sale of the Company. DMS has retained Houlihan Lokey as its financial advisor to assist with the strategic review process.

?We?ve built a robust fundamental business with blue-chip clients across the insurance, nonprofit and ecommerce industries?, Mr. Joe Marinucci, CEO added. ?While we are well-positioned to capitalize on new opportunities as certain of our markets rebound, we have determined that now is the right time to initiate a review of strategic alternatives to maximize value and ensure the Company is best positioned for long-term success?. Mr. Marinucci concluded, ?we are pleased to have the support of our lenders who have provided us additional financing and flexibility to support our operations as we work through this process?.