EDGEWATER TO STUDY TAKEOVER OFFER

Jeff Eberwein, Lone Star Value InvestorsEdgewater Technology, which has Oracle and Dynamics AX practices, has retained Signal Hill Capital Group to evaluate a hostile takeover launched by Ameri Holdings. In a prepared statement, Edgewater said this week it is aware of an attempt by stockholder, Lone Star Value Investors, to remove certain company directors. "The Board and Company management value input from all of the Company's stockholders," Edgewater said in a prepared statement. Lone Star, led by activist investor Jeff Eberwein, teamed up with Ameri Holdings recently to launch a proxy solicitation.

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