Cosi, Inc. (NasdaqGM:COSI - News) announced today that its Board of Directors formed a special committee of independent directors to review and evaluate strategic alternatives to enhance shareholder value.

The members of the Special Committee are Mark Demilio and Karl Okamoto. The Special Committee has engaged North Point Advisors, LLC to serve as its financial advisor. The Company's legal counsel is Cadwalader, Wickersham & Taft LLP.