Helios and Matheson Analytics Inc. (OTCPK:HMNY) announced that its board of directors has formed a strategic review committee, composed entirely of the company's independent directors, to identify, review and explore all strategic and financial alternatives for the company, including a sale of the company in its entirety, a sale of substantially all of the company's assets including MoviePass, Moviefone and MoviePass Films, a business reorganization or one or more other extraordinary corporate transactions, together with the assumption or settlement of the company's liabilities in connection with any of these alternatives. There can be no assurance that the committee's review process will result in any transaction.