WaveDancer, Inc. (NasdaqCM:WAVD) announced that it will work with its advisor, B. Riley Securities, to immediately undertake a review of additional strategic options available to the company including a merger or possible sale. "In addition to improving cash flow, the sale of GMI provides the Company with a cash infusion that will allow us to consider a range of options that would have otherwise been foreclosed," said CEO Jamie Benoit. "Now that we've eliminated the risk and expense of commercializing new technology, we can evaluate various strategic alternatives including a business combination or a sale".