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| [March 19, 2013] |
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Law Offices of Howard G. Smith Announces Investigation of AutoInfo Inc.
BENSALEM, Pa. --(Business Wire)--
Law Offices of Howard G. Smith announces that it is investigating
potential claims against the Board of Directors of AutoInfo Inc.
("AutoInfo" or the "Company") (OTCBB: AUTO) related to the proposed
acquisition of the Company by AutoInfo Holdings, LLC, a subsidiary of
Comvest Partners. The transaction values AutoInfo shares at
approximately $1.05.
This investigation concerns whether the Board of Directors of AutoInfo
breached their fiduciary duties to stockholders by failing to adequately
shop the Company before agreeing to enter into the proposed transaction,
and whther the Company has disclosed all material information to
shareholders about the transaction. The Company has seen substantial
recent growth. Its share price has skyrocketed from $0.490 on August 9,
2011 to $0.989 on January 8, 2013.
If you are a shareholder of AutoInfo, if you have information or would
like to learn more about our investigation, or if you wish to discuss
these matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact Howard
G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike,
Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847,
Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com,
or visit our website at http://www.howardsmithlaw.com.

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