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Law Office Of Brodsky & Smith, LLC Announces Investigations Of New Frontier Media, Inc. And Versant Corp.

BALA CYNWYD, Pa., Oct. 22, 2012 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of New Frontier Media, Inc. ("New Frontier" or the "Company") (Nasdaq- NOOF) relating to the proposed acquisition by LFP Broadcasting, LLC. ("LFP").

Under the terms of the transaction, New Frontier shareholders will receive only $2.02 in cash, plus a contingent cash payment of no more than $0.06 per share of New Frontier common stock if New Frontier's available cash balance at closing of the proposed acquisition exceeds $11.514 million, for each share on New Frontier common stock they own. The transaction may undervalue the Company as New Frontier stock traded at $2.13 on February 9, 2011 and an analyst has set a $4.00 per share price target on New Frontier.

You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at investorrelations@brodsky-smith.com visiting http://brodsky-smith.com/488-noof-new-frontier-media-inc.html, by calling toll free 877-LEGAL-90.

Versant Corp.

Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Versant Corp. ("Versant" or the "Company") (Nasdaq- VSNT) relating to the proposed acquisition by Unicom Systems, Inc. ("Unicom").

Under the terms of the transaction, Versant shareholders will receive only $11.50 in cash for each share of Versant stock they own.

The transaction may undervalue the Company and result in a substantial loss for many Versant shareholders. For example Versant stock traded at $12.22 on October 27, 2011.

You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at investorrelations@brodsky-smith.com visiting http://brodsky-smith.com/487-vsnt-versant-corporation.html, by calling toll free 877-LEGAL-90. Attorney advertising. Prior results do not guarantee similar outcomes.

SOURCE Law office of Brodsky & Smith, LLC

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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