Changes are under consideration at IT staffing firm TSR Inc. (NASDAQ: TSRI), including a possible sale or acquisitions. The Hauppauge, New York-based company announced Aug. 29 that its board is conducting a review aimed at maximizing shareholder value.

“The company expects to consider a range of options, which may include a sale of or acquisitions by the company or a special dividend as well as other potential alternatives,” the company said in a press release.

Leadership and employees have transformed TSR over the last few years into a profitable company from a loss-making enterprise, Chairman Brad Tirpak said in a press release.

“We feel that TSR’s current stock price does not fairly represent the true value of the company,” Tirpak said. “That’s why we believe the best way to continue to maximize shareholder value is to explore our options while remaining intensely committed to the satisfaction of our customers and employees.”

No timeline has been set for the strategic review, and there can be no assurance if the process will result in a transaction, according to the company. TSR has retained Focus Investment Banking LLC as its financial advisor and Shulman Rogers as its legal advisor to the board.