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IGo To Continue With Present Strategy

April 7, 2010 (FinancialWire) — iGo, Inc. (NASDAQ: IGOI), a provider of power management solutions, said that its board of directors has concluded its review of strategic alternatives and has determined that the most appropriate course of action for maximizing shareholder value is for the company to continue executing its existing business plan.

The company said in March 2009 that its Board had initiated a process to identify and consider strategic alternatives. The board had retained Needham & Co. as its financial advisor for the review of strategic alternatives.

Michael D. Heil, chief executive officer of iGo, said that, whicle the company believes that its revenue in the first quarter of 2010 will be lower than the fourth quarter of 2009, “our progress in adding new accounts and increasing the distribution of our new products based on iGo Green Technology should result in higher revenue as we move through 2010.”

Arizona-based iGo, Inc. is a provider of power management solutions, including eco-friendly chargers for laptop computers and mobile electronic devices. The chargers leverage iGo’s “intelligent tip” technology, which is meant to minimize electronic waste by enabling one charger to power/charge hundreds of brands and thousands of models of mobile electronic devices through the use of interchangeable tips.

(For more energy, power and/or energy-power management related articles go to http://www.financialwire.net/?s=nrgyygrn)

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