EX-99.1
4
a06-17068_1ex99d1.htm
EX-99
Exhibit
99.1
Contact Information:
FTD Group, Inc.
Jandy Tomy
Investor Relations
(630) 724-6984
jtomy@ftdi.com
FOR IMMEDIATE RELEASE
FTD Group, Inc. Completes Purchase of Interflora
Holdings Limited
DOWNERS GROVE, IL.
- Monday, July 31st
,
2006 - FTD Group, Inc. (NYSE: FTD), a leading provider of floral products and
services, today announced that it has completed the acquisition of Interflora
Holdings Limited, a U.K. based leading provider of floral-related products and
services to consumers and retail floral locations in the U.K. The acquisition,
first announced on July 7
th
,
2006, was made for a purchase price of £66 million, or approximately $122
million, excluding transaction costs.
Interflora is a globally
recognized brand and utilizes the same Mercury Man logo as FTD. Similar to the business model of FTD,
Interflora provides various products and services to its 1,800 member florists,
and also markets flowers direct to consumers in the U.K. through both a
toll-free telephone number and the Web at www.interflora.co.uk. Founded in 1923
and previously operated as an unincorporated association, Interflora
incorporated in February 2005 and began running as a "for-profit" organization.
The Company also refinanced
its existing bank debt in connection with the acquisition and entered into a
new senior secured credit facility consisting of a $150 million term loan and a
$75 million revolving credit facility. The proceeds from the new facility were
used to finance the acquisition and repay the existing term loan. As a result,
the Company currently has approximately $345 million of outstanding indebtedness.
"We are pleased to
have Interflora as part of the FTD family and are excited about working with
the management team to expand our platform and establish ourselves in the
European marketplace", stated Michael Soenen, Chief Executive Officer of FTD.
ABOUT
FTD GROUP, INC.
FTD Group, Inc. is a
leading provider of floral-related products and services to consumers and
retail florists, as well as other retail locations offering floral products, in
the U.S., Canada and the U.K. Our business is supported by the highly
recognized FTD and Interflora brands. Both brands
3113 Woodcreek Drive • Downers Grove, IL 60515
Main Phone: (630) 719-7800 • www.FTD.COM
utilize the Mercury Man
logo, which is displayed in approximately 50,000 floral shops globally. Our
consumer businesses operate primarily through the www.FTD.COM Web site in the
U.S. and Canada and the www.interflora.co.uk Web site in the U.K. and are
complemented by our florist business which provides products and services to
our independent florist network.
###

EX - 99 . 1 4 a06 - 17068 _ 1ex99d1 . htm EX - 99 Exhibit 99 . 1 Contact Information : FTD Group , Inc . Jandy Tomy Investor Relations ( 630 ) 724 - 6984 jtomy@ftdi.com FOR IMMEDIATE RELEASE FTD Group , Inc . Completes Purchase of Interflora Holdings Limited DOWNERS GROVE , IL . - Monday , July 31 st , 2006 - FTD Group , Inc . ( NYSE : FTD ) , a leading provider of floral products and services , today announced that it has completed the acquisition of Interflora Holdings Limited , a U . K . based leading provider of floral - related products and services to consumers and retail floral locations in the U . K . The acquisition , first announced on July 7 th , 2006 , was made for a purchase price of £ 66 million , or approximately $ 122 million , excluding transaction costs . Inter flora is a globally recognized brand and utilizes the same Mercury Man logo as FTD . Similar to the business model of FTD , Inter flora provides various products and services to its 1,800 member florists , and also markets flowers direct to consumers in the U . K . through both a toll - free telephone number and the Web at www.interflora.co.uk . Founded in 1923 and previously operated as an unincorporated association , Interflora incorporated in February 2005 and began running as a " for - profit " organization . The Company also refinanced its existing bank debt in connection with the acquisition and entered into a new senior secured credit facility consisting of a $ 150 million term loan and a $ 75 million revolving credit facility . The proceeds from the new facility were used to finance the acquisition and repay the existing term loan . As a result , the Company currently has approximately $ 345 million of outstanding indebtedness . " We are pleased to have Interflora as part of the FTD family and are excited about working with the management team to expand our platform and establish ourselves in the European marketplace " , stated Michael Soenen , Chief Executive Officer of FTD . ABOUT FTD GROUP , INC . FTD Group , Inc . is a leading provider of floral - related products and services to consumers and retail florists , as well as other retail locations offering floral products , in the U . S . , Canada and the U . K . Our business is supported by the highly recognized FTD and Interflora brands . Both brands 3113 Woodcreek Drive • Downers Grove , IL 60515 Main Phone : ( 630 ) 719 - 7800 • www.FTD.COM utilize the Mercury Man logo , which is displayed in approximately 50,000 floral shops globally . Our consumer businesses operate primarily through the www.FTD.COM Web site in the U . S . and Canada and the www.interflora.co.uk Web site in the U . K . and are complemented by our florist business which provides products and services to our independent florist network . # # #