ORLANDO, Fla.--(BUSINESS WIRE)--

IZEA, Inc. (NASDAQ: IZEA), operator of IZEAx®, the premier online marketplace connecting brands and publishers with influential content creators, today provided an update on the Board of Directors’ ongoing strategic review process. The IZEA Board continues to explore and evaluate strategic alternatives to enhance shareholder value.

In July of 2017, IZEA engaged Waller Capital to conduct the review process. As part of the process, the Company has engaged in confidential discussions with a number of strategic and financial partners and has received multiple non-binding indications of interest regarding potential strategic transactions. Parties are in various stages of engagement, review, and diligence.

The IZEA board of directors intends to continue to work with its financial and legal advisors to explore all options, both internal and external to maximize shareholder value.

The Company plans to proceed in a timely manner, but has not set a definitive timetable for completion of this process. There can be no assurance that this review process will result in a transaction or other strategic alternative of any kind. Given the confidential nature of the discussions that the Company is undertaking, providing more detailed information at this time would be disruptive to developing the full range of potential outcomes. IZEA will provide an update to the process when and if it determines further disclosures are appropriate.

About IZEA

IZEA operates IZEAx, the premier technology platform that connects marketers with influential content creators. IZEAx automates influencer marketing and custom content development, allowing brands and agencies to scale their marketing programs. IZEA creators range from leading bloggers and social media personalities, to A-list celebrities and professional journalists. Creators are compensated for developing and distributing text, videos, photos and status updates through social media. Marketers receive influential content and engaging, shareable stories that drive awareness. For more information about IZEA, visit www.izea.com.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. These forward-looking statements include, but are not limited to, plans, objectives, expectations and intentions and other statements contained in this report that are not historical facts, including statements regarding our exploration and evaluation of strategic alternatives and statements identified by words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “outlook” or words of similar meanings. These forward-looking statements are based largely on IZEA's expectations and are subject to a number of risks and uncertainties, certain of which are beyond IZEA's control. Actual results could differ materially from these forward-looking statements as a result of, among other factors, competitive conditions in the content and social sponsorship segment in which IZEA operates, failure to popularize one or more of the marketplace platforms of IZEA, changing economic conditions that are less favorable than expected, and those risks discussed in the Company’s filings with the U.S. Securities and Exchange Commission. In light of these risks and uncertainties, there can be no assurance that the forward-looking information contained in this respect will in fact occur.

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