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96943-000129993307005719-exhibit1 | EX-99.1
2
exhibit1.htm
EX-99.1
EX-99.1
Exhibit 99.1
Teleflex ®
NEWS
155 South Limerick Road, Limerick, PA 19468 USA - Phone: 610-948-5100 - Fax: 610-948-0811
Contact: Julie McDowell
Vice President, Corporate Communications
610-948-2836
FOR IMMEDIATE RELEASE
October 1, 2007
TELEFLEX COMPLETES ARROW INTERNATIONAL ACQUISITION
Expands Teleflex Medical Business to $1.4 billion
Establishes Teleflex Medical as a global leader in disposables for critical care and surgical
applications
Limerick, PA -Teleflex Incorporated (NYSE: TFX) today announced that it has completed its
acquisition of Arrow International, Inc. (NASDAQ: ARRO), a leading global provider of
catheter-based access and therapeutic products for critical and cardiac care. Under terms of the
transaction, which was announced on July 23, 2007, Arrow International shareholders will receive a
cash payment of $45.50 for each outstanding share of Arrow common stock.
"Completing the Arrow acquisition is a significant milestone in our strategy to position Teleflex
as a diversified company defined by its medical business", commented Jeffrey P. Black, Chairman of
the Board and Chief Executive Officer of Teleflex. "Combining these businesses creates a $1.4
billion global medical technology business with a leadership position in disposable products for
critical care and surgery that will represent more than 45% of Teleflex revenues and approximately
70% of segment operating profits in 2008".
Mr. Black continued, "Our goal now is to accelerate the growth of our medical business while
capturing cost savings and other synergies that create value for our customers and shareholders.
We believe this transformed medical technology business will achieve enhanced growth both
organically and through bolt-on acquisitions. Arrow's robust R&D
capabilities will be leveraged to accelerate the development of products with the goal of offering
healthcare providers less invasive access, enhanced patient safety and improved infection control.
We also see significant opportunities for cost savings and operational improvements as we combine
the infrastructure and resources of both companies".
(MORE)
The company expects synergies from the transaction could reach $70 to $75 million by fiscal year
2010 through, among other actions, reducing administrative and global infrastructure expenses,
increasing operational efficiencies and creating additional revenue opportunities. In total,
approximately 80% of the synergies are expected to come from cost savings initiatives, with the
balance from revenue growth initiatives.
In regard to the financing of this transaction, Kevin K. Gordon, Executive Vice President and Chief
Financial Officer of Teleflex, said, "We are pleased with the structure of our permanent financing
and the success of our bank syndication which was oversubscribed. With recent volatility in the
financing markets, we considered several options for the capital structure and were successful in
securing financing at aggregate borrowing costs that were in line with our original expectations".
The transaction has been financed with cash, a senior secured syndicated bank loan and issuance of
private placement notes. The syndicated bank loan agreement includes a $1.4 billion term loan and
a $400 million revolving line of credit, both of which carry initial interest rates of LIBOR + 150
basis points. The company executed an interest rate swap for $600 million of the term loan from
floating to a fixed rate of 6.25%. In addition, Teleflex amended its existing private placement
notes and issued $200 million in new private placement notes with a blended interest rate of under
8% and terms substantially similar to the syndicated bank agreement.
In commenting on the outlook, Mr. Black added, "Teleflex's current businesses continue to perform
in line with our previously-outlined expectations for the full year. However, repatriation of
overseas cash balances in connection with the acquisition, and expected future cash repatriation,
will result in a principally non-cash charge for income taxes during the third quarter. As
previously discussed, we expect to record additional charges in connection with the fourth quarter
closing of the transaction. We continue to expect the transaction will be meaningfully accretive
to earnings per share in 2009".
The company expects to report third quarter 2007 earnings on October 31, 2007 and to hold a
conference call with investors on November 1, 2007.
About Teleflex Medical:
Teleflex Medical is a global leader in disposable medical products for critical care and surgery
and a business segment of Teleflex Incorporated. The company also produces surgical instruments
and devices and cardiac devices and disposables. Teleflex Medical derives more than 80% of its
revenue from a recurring stream of disposable medical product sales. Teleflex Medical has over
11,000 global employees in more than 20 countries outside the United States.
(MORE)
About Teleflex:
Teleflex Incorporated is a diversified company with pro forma annual revenues over $3.1 billion.
The company designs, manufactures and distributes quality-engineered products and services for the
medical, commercial, and aerospace markets worldwide. Teleflex employs more than 23,000 people
worldwide who focus on providing innovative solutions for customers.
Caution Concerning Forward-looking Information:
This press release contains forward-looking statements, including, but not limited to, statements
relating to anticipated future revenue and segment operating profit, pro forma revenues of the
combined companies, expected growth of our medical business, expected synergies from revenues and
cost actions, expected income tax charges, expected accretion or dilution of earnings created by
the transaction, anticipated improvements in business and financial performance of the companies as
a result of the transaction and expectations of business performance from current businesses.
Actual results could differ materially from those in these forward-looking statements due to, among
other things, unanticipated expenditures in connection with integration programs; unanticipated
difficulties in connection with integration programs; customer and shareholder reaction, market
conditions and other factors described in Teleflex's and Arrow's filings with the Securities and
Exchange Commission.
###
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84129-000114420418006644-tv484053_ex99-1 | EX-99.1
2
tv484053_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
Press Release
For Further Information Contact:
INVESTORS:
MEDIA:
Byron Purcell
Susan Henderson
(717) 975-5809
(717) 730-7766
or
[email protected]
FOR IMMEDIATE RELEASE
Rite Aid Announces Continued Progress
in Sale of Assets to Walgreens Boots Alliance
CAMP HILL, Pa. (Feb. 8, 2018) - Rite Aid Corporation (NYSE:
RAD) today provided an update on the progress of its plans to sell stores to Walgreens Boots Alliance, Inc. (Nasdaq: WBA) pursuant
to the previously disclosed Amended and Restated Asset Purchase Agreement, dated as of September 18, 2017 (the "Asset Purchase
Agreement"). As of February 8, 2018, Rite Aid has transferred 1,114 stores and related assets to WBA, and has received cash
proceeds of $2,424 million, which the Company continues to use to reduce debt. Under the Asset Purchase Agreement, WBA will purchase
a total of 1,932 stores, three distribution centers and related inventory from Rite Aid for an all-cash purchase price of $4,375
million on a cash-free, debt-free basis.
"We have now completed more than half of the planned store
transfers and remain on track to finish the process in the spring of this year", said Rite Aid Chairman and CEO John Standley.
"As we work to complete this process, we remain focused on opportunities to build our business while delivering a great experience
to our customers and patients and driving value for our shareholders".
The majority of the closing conditions have been satisfied,
and the subsequent transfers of Rite Aid stores and related assets remain subject to minimal customary closing conditions applicable
only to the stores being transferred at such subsequent closing, as specified in the Asset Purchase Agreement. Additional details
regarding today's announcement have been filed with the Securities and Exchange Commission on Form 8-K.
Rite Aid is one of the nation's leading drugstore chains with
fiscal 2017 annual revenues of $32.8 billion. Information about Rite Aid, including corporate background and press releases, is
available through the company's website at
www.riteaid.com
.
-MORE-
Rite Aid Press Release - page 2
Cautionary Statement Regarding Forward Looking Statements
Statements in this release that are not historical, are forward-looking
statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements
include, but are not limited to, statements regarding the expected timing of subsequent closings of the sale of Rite Aid stores
and assets to WBA; the ability of the parties to complete each of the subsequent closings for sale and related subsequent transactions
considering the various closing conditions applicable to the stores, related assets and/or distribution centers being transferred
at such subsequent closing; the outcome of legal and regulatory matters in connection with the sale of stores and assets of Rite
Aid to WBA; the expected benefits of the transactions such as improved operations, growth potential, market profile and financial
strength; the competitive ability and position of Rite Aid following completion of the proposed transactions; the ability of Rite
Aid to implement new business strategies following the completion of the proposed transactions; the ability of Rite Aid to repay
its debt using the proceeds from the proposed transactions and any assumptions underlying any of the foregoing. Words such as "anticipate,"
"believe", "continue", "could", "estimate", "expect", "intend,"
"may", "plan", "predict", "project", "should", and "will"
and variations of such words and similar expressions are intended to identify such forward-looking statements. These forward-looking
statements are not guarantees of future performance and involve risks, assumptions and uncertainties, including, but not limited
to, our high level of indebtedness and our ability to make interest and principal payments on our debt and satisfy the other covenants
contained in our debt agreements; general economic, industry, market, competitive, regulatory and political conditions; our ability
to improve the operating performance of our stores in accordance with our long term strategy; the impact of private and public
third-party payers continued reduction in prescription drug reimbursements and efforts to encourage mail order; our ability to
manage expenses and our investments in working capital; outcomes of legal and regulatory matters; changes in legislation or regulations,
including healthcare reform; our ability to achieve the benefits of our efforts to reduce the costs of our generic and other drugs;
risks related to the proposed transactions, including the possibility that the subsequent transactions may not close, including
because a governmental entity may prohibit, delay or refuse to grant approval for the consummation of the transactions, or may
require conditions, limitations or restrictions in connection with such approvals, the risk that there may be a material adverse
change of Rite Aid, or the business of Rite Aid may suffer as a result of uncertainty surrounding the proposed transactions; risks
related to the ability to realize the anticipated benefits of the proposed transactions; risks associated with the financing of
the proposed transaction; disruption from the proposed transaction making it more difficult to maintain business and operational
relationships; the effect of the pending sale on Rite Aid's business relationships (including, without limitation, customers
and suppliers), operating results and business generally; risks related to diverting management's or employees' attention
from ongoing business operations; the risk that Rite Aid's stock price may decline significantly if the proposed transaction
is not completed; significant transaction costs; unknown liabilities; the risk of litigation and/or regulatory actions related
to the proposed transactions; potential changes to our strategy in the event the remaining proposed transactions do not close,
which may include delaying or reducing capital or other expenditures, selling assets or other operations, attempting to restructure
or refinance our debt, or seeking additional capital, and other business effects.
-MORE-
Rite Aid Press Release - page 3
These and other risks, assumptions and uncertainties are
more fully described in Item 1A (Risk Factors) of our most recent Annual Report on Form 10-K, and in other documents that we file
or furnish with the Securities and Exchange Commission, which you are encouraged to read.
Should one or more of these risks or uncertainties materialize,
or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such
forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward- looking statements, which
speak only as of the date they are made. Rite Aid expressly disclaims any current intention to update publicly any forward-looking
statement after the distribution of this release, whether as a result of new information, future events, changes in assumptions
or otherwise.
###
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".",
"Information",
"about",
"Rite",
"Aid",
",",
"including",
"corporate",
"background",
"and",
"press",
"releases",
",",
"is",
"available",
"through",
"the",
"company",
"'s",
"website",
"at",
"www.riteaid.com",
".",
"-",
"MORE",
"-",
"Rite",
"Aid",
"Press",
"Release",
"-",
"page",
"2",
"Cautionary",
"Statement",
"Regarding",
"Forward",
"Looking",
"Statements",
"Statements",
"in",
"this",
"release",
"that",
"are",
"not",
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"-",
"looking",
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"the",
"safe",
"harbor",
"provisions",
"of",
"the",
"Private",
"Securities",
"Litigation",
"Reform",
"Act",
"of",
"1995",
".",
"Such",
"statements",
"include",
",",
"but",
"are",
"not",
"limited",
"to",
",",
"statements",
"regarding",
"the",
"expected",
"timing",
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"subsequent",
"closings",
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"the",
"sale",
"of",
"Rite",
"Aid",
"stores",
"and",
"assets",
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"WBA",
";",
"the",
"ability",
"of",
"the",
"parties",
"to",
"complete",
"each",
"of",
"the",
"subsequent",
"closings",
"for",
"sale",
"and",
"related",
"subsequent",
"transactions",
"considering",
"the",
"various",
"closing",
"conditions",
"applicable",
"to",
"the",
"stores",
",",
"related",
"assets",
"and",
"/",
"or",
"distribution",
"centers",
"being",
"transferred",
"at",
"such",
"subsequent",
"closing",
";",
"the",
"outcome",
"of",
"legal",
"and",
"regulatory",
"matters",
"in",
"connection",
"with",
"the",
"sale",
"of",
"stores",
"and",
"assets",
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"Rite",
"Aid",
"to",
"WBA",
";",
"the",
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"benefits",
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"transactions",
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"operations",
",",
"growth",
"potential",
",",
"market",
"profile",
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"financial",
"strength",
";",
"the",
"competitive",
"ability",
"and",
"position",
"of",
"Rite",
"Aid",
"following",
"completion",
"of",
"the",
"proposed",
"transactions",
";",
"the",
"ability",
"of",
"Rite",
"Aid",
"to",
"implement",
"new",
"business",
"strategies",
"following",
"the",
"completion",
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"the",
"proposed",
"transactions",
";",
"the",
"ability",
"of",
"Rite",
"Aid",
"to",
"repay",
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"the",
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"from",
"the",
"proposed",
"transactions",
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"any",
"assumptions",
"underlying",
"any",
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".",
"Words",
"such",
"as",
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"anticipate",
",",
"\"",
"\"",
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",",
"\"",
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",",
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",",
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",",
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"\"",
",",
"\"",
"should",
"\"",
",",
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"\"",
"will",
"\"",
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"words",
"and",
"similar",
"expressions",
"are",
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"such",
"forward",
"-",
"looking",
"statements",
".",
"These",
"forward",
"-",
"looking",
"statements",
"are",
"not",
"guarantees",
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"performance",
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"involve",
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",",
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"uncertainties",
",",
"including",
",",
"but",
"not",
"limited",
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",",
"our",
"high",
"level",
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"indebtedness",
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"our",
"ability",
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"make",
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"and",
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"payments",
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"debt",
"and",
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"the",
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"debt",
"agreements",
";",
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"economic",
",",
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",",
"market",
",",
"competitive",
",",
"regulatory",
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"political",
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";",
"our",
"ability",
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"improve",
"the",
"operating",
"performance",
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"our",
"stores",
"in",
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"with",
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"long",
"term",
"strategy",
";",
"the",
"impact",
"of",
"private",
"and",
"public",
"third",
"-",
"party",
"payers",
"continued",
"reduction",
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"prescription",
"drug",
"reimbursements",
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"efforts",
"to",
"encourage",
"mail",
"order",
";",
"our",
"ability",
"to",
"manage",
"expenses",
"and",
"our",
"investments",
"in",
"working",
"capital",
";",
"outcomes",
"of",
"legal",
"and",
"regulatory",
"matters",
";",
"changes",
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"regulations",
",",
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"ability",
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"benefits",
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"efforts",
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"costs",
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",",
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",",
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",",
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",",
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".",
"-",
"MORE",
"-",
"Rite",
"Aid",
"Press",
"Release",
"-",
"page",
"3",
"These",
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"other",
"risks",
",",
"assumptions",
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"uncertainties",
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"fully",
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"1A",
"(",
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"Factors",
")",
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"most",
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"Annual",
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"-",
"K",
",",
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"Securities",
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"Exchange",
"Commission",
",",
"which",
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"encouraged",
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"read",
".",
"Should",
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"or",
"more",
"of",
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"risks",
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"uncertainties",
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",",
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"indicated",
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"-",
"looking",
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".",
"Accordingly",
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"to",
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"reliance",
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"forward",
"-",
"looking",
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",",
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"as",
"of",
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".",
"Rite",
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"-",
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",",
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"events",
",",
"changes",
"in",
"assumptions",
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".",
"#",
"#",
"#"
] | [
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"O",
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"O",
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"O",
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"O",
"O",
"O",
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"O",
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"O",
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"O",
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"O",
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"O",
"O",
"O",
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"O",
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"O",
"O",
"O",
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"O",
"O",
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"O",
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"O",
"O",
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"O",
"O",
"O",
"O",
"O",
"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"O",
"O",
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"O",
"O",
"O",
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"B-Generic_Info.ANNUAL_REVENUES",
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"O",
"O",
"O",
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"O",
"O",
"O",
"O",
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"O",
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"O",
"O",
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"O",
"O",
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"O",
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"O",
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"O",
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"O",
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"O",
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"O",
"O",
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"O",
"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"O",
"O",
"O",
"O",
"O",
"O",
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"O",
"O",
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"O",
"O",
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"O",
"O",
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"O",
"O",
"O",
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"O",
"O",
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"O",
"O",
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"O",
"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
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52795-000005279515000021-exhibit992-unauditedadjust | EX-99.2
3
exhibit992-unauditedadjust.htm
EXHIBIT 99.2
Exhibit 99.2 - Unaudited Adjusted Condensed Consolidated Financial Statements
Exhibit 99.2
UNAUDITED PRO FORMA CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
On February 9, 2015, the Board of Directors of Anixter International Inc. (the "Company") approved the disposition of its OEM Supply - Fasteners ("Fasteners") business. On February 11, 2015, the Company, through its wholly-owned subsidiary Anixter Inc., entered into a definitive asset purchase agreement with American Industrial Partners ("AIP") to sell its Fasteners business for $380.0 million in cash, subject to certain post-closing adjustments. On June 1, 2015, the Company, through its wholly-owned subsidiary Anixter Inc., completed the previously announced sale of its Fasteners business to AIP.
The following Unaudited Pro Forma Condensed Consolidated Financial Statements have been derived by the application of adjustments to the Company's historical consolidated financial statements. The Unaudited Pro Forma Condensed Consolidated Statement of Income for the fiscal year ended January 2, 2015 is presented as if the disposition had occurred at the beginning of the fiscal year. The Unaudited Pro Forma Condensed Consolidated Balance Sheet as of April 3, 2015 is presented as if the disposition had occurred on April 3, 2015. As a result of the decision to dispose of the Company's Fasteners business, the operating results of the Fasteners business were reflected as discontinued operations for the entire period in the first quarter of 2015, as reported in the Condensed Consolidated Statement of Income in the Company's Quarterly Report on Form 10-Q for the three months ended April 3, 2015. Therefore, an Unaudited Pro Forma Condensed Consolidated Statement of Income for the first quarter of 2015 has not been included.
The Unaudited Pro Forma Condensed Consolidated Financial Statements are being provided for informational purposes only and are not necessarily indicative of the results of operations or financial position that would have resulted if the disposition had actually occurred on the dates indicated and are not intended to project the Company's results of operations or financial position for any future period. The unaudited adjustments are based on estimates, available information and certain assumptions that the Company believes are reasonable, as described in the accompanying notes. The Unaudited Pro Forma Condensed Consolidated Financial Statements and the accompanying notes should be read in conjunction with the historical consolidated financial statements and accompanying notes included in the Company's Annual Report on Form 10-K for the fiscal year ended January 2, 2015 and the Company's Quarterly Report on Form 10-Q for the three months ended April 3, 2015.
ANIXTER INTERNATIONAL INC.
UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENT OF INCOME
Year Ended January 2, 2015
As Reported
Pro Forma Adjustments
Pro Forma
(In millions, except per share amounts)
Net sales
$
6,445.5
$
(938.5
)
$
5,507.0
Cost of goods sold
4,977.1
(709.4
)
4,267.7
Gross profit
1,468.4
(229.1
)
1,239.3
Operating expenses
1,107.5
(178.3
)
929.2
Operating income
360.9
(50.8
)
310.1
Other expense:
Interest expense
(48.1
)
3.6
(a)
(44.5
)
Other, net
(18.0
)
2.0
(16.0
)
Income before income taxes
294.8
(45.2
)
249.6
Income tax expense
100.0
(13.8
)
86.2
Net income
$
194.8
$
(31.4
)
$
163.4
Income per share:
Basic
$
5.90
$
4.95
Diluted
$
5.84
$
4.90
Weighted-average common shares outstanding:
Basic
33.0
33.0
Diluted
33.3
33.3
(a) Reflects the assumed interest costs that would not have been incurred if the Company had the proceeds from the sales of the Fasteners business at the beginning of the period.
The Unaudited Pro Forma Condensed Consolidated Statement of Income does not include adjustments for income from transition services which are expected to approximate $2 million to $4 million pretax over the next 12 months.
ANIXTER INTERNATIONAL INC.
UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET
April 3, 2015
As Reported
Pro Forma Adjustments
Pro Forma
(In millions, except share and per share amounts)
ASSETS
Current assets:
Cash and cash equivalents
$
101.2
$
320.0
(b)
$
421.2
Accounts receivable (Includes $480.7 at April 3, 2015 associated with securitization facility)
1,109.4
-
1,109.4
Inventories
839.0
-
839.0
Deferred income taxes
33.4
-
33.4
Other current assets
51.5
-
51.5
Current assets held for sale
419.1
(419.1
)
-
Total current assets
2,553.6
(99.1
)
2,454.5
Property and equipment, at cost
308.3
-
308.3
Accumulated depreciation
(200.7
)
-
(200.7
)
Net property and equipment
107.6
-
107.6
Goodwill
577.1
-
577.1
Other assets
270.9
-
270.9
Total assets
$
3,509.2
$
(99.1
)
$
3,410.1
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable
$
682.5
$
-
$
682.5
Accrued expenses
169.7
-
169.7
Current liabilities of discontinued operations
131.8
(131.8
)
-
Total current liabilities
984.0
(131.8
)
852.2
Long-term debt (Includes $190.0 at April 3, 2015 associated with securitization facility)
1,202.0
-
1,202.0
Other liabilities
208.7
-
208.7
Total liabilities
2,394.7
(131.8
)
2,262.9
Stockholders' equity:
Common stock - $1.00 par value, 100,000,000 shares authorized, 33,238,071 shares issued and outstanding at April 3, 2015
33.2
-
33.2
Capital surplus
240.6
-
240.6
Retained earnings
1,018.9
32.7
(c)
1,051.6
Accumulated other comprehensive loss:
Foreign currency translation
(100.1
)
-
(100.1
)
Unrecognized pension liability, net
(78.1
)
-
(78.1
)
Total accumulated other comprehensive loss
(178.2
)
-
(178.2
)
Total stockholders' equity
1,114.5
32.7
1,147.2
Total liabilities and stockholders' equity
$
3,509.2
$
(99.1
)
$
3,410.1
(b) Reflects the receipt of cash proceeds of $380.0 million, net of transaction fees and taxes. The Company expects to use the net proceeds to reduce outstanding debt balances and for general corporate purposes.
(c) Reflects the adjustment to stockholders' equity related to the sale of the Fasteners business.
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"$",
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1557255-000155725515000030-a04_01x2015silverbayrealty | EX-99.1
2
a04_01x2015silverbayrealty.htm
EXHIBIT 99.1
04_01_2015SilverBayRealtyTrustCorpCompletesAcquisitionofTheAmericanHomePortfolio
Silver Bay Realty Trust Corp. Completes Acquisition of The American Home Portfolio
NEW YORK, April 1, 2015 - Silver Bay Realty Trust Corp. (NYSE: SBY) (the "Company" or "Silver Bay") announced today that it completed the previously announced acquisition of the portfolio of properties from The American Home. The Company acquired 2,373 properties in the transaction and has an additional 89 properties under contract with Seller to acquire at subsequent closings. The Company paid a purchase price for the acquired properties of $252.2 million in cash using proceeds obtained under its revolving credit facility. The properties are primarily located in Atlanta, Charlotte, Tampa and Orlando.
Silver Bay Realty Trust Corp.
Silver Bay Realty Trust Corp. is a Maryland corporation focused on the acquisition, renovation, leasing and management of single-family properties for rental income and long-term capital appreciation. Silver Bay owns single-family properties in Arizona, California, Florida, Georgia, Nevada, North Carolina, Ohio and Texas. Silver Bay has elected to be taxed as a REIT for U.S. federal tax purposes. Additional information can also be found on the company's website: www.silverbayrealtytrustcorp.com.
Additional Information
Stockholders of Silver Bay, and other interested persons, may find additional information regarding Silver Bay at the SEC's Internet site at www.sec.gov or by directing requests to: Silver Bay Realty Trust Corp., Attn: Investor Relations, 3300 Fernbrook Lane North, Suite 210, Plymouth, MN 55447, telephone (952) 358-4400.
Contact
Anh Huynh, Director of Investor Relations, Silver Bay Realty Trust Corp., [email protected], 952-358-4400.
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1292518-000101968708005686-blackwater_8k-ex9901 | EX-99.1
6
blackwater_8k-ex9901.txt
PRESS RELEASE
Exhibit 99.1
BLACKWATER MIDSTREAM CORP. COMPLETES ACQUISITION OF
BULK LIQUID STORAGE TERMINAL IN PORT OF NEW ORLEANS
Published: December 24, 2008
NEW ORLEANS--(BUSINESS WIRE)-- Blackwater New Orleans, LLC, a wholly-owned
entity of Blackwater Midstream Corp. (OTCBB:BWMS), has completed the acquisition
of an 855,000 barrel, 26.5 acre bulk liquid storage terminal in Westwego, LA at
mile marker 101.4 on the Mississippi River. Blackwater purchased the terminal
from NuStar Terminal Operations Partnership L.P. for a purchase price of $4.8
million. The facility includes a deep water marine dock, a rail system, and
multiple truck loading/unloading stations. The company intends to consolidate
its business and operational headquarters at the facility in Westwego, LA.
The Company received favorable financing through JPMorgan Chase in New Orleans
and private placement investor funding.
The Company has already finalized a storage lease with a chemical company that
will bring in revenue. In addition, Blackwater New Orleans is marketing the
facility to numerous petroleum and chemical companies.
According to Blackwater's Chief Commercial Officer Frank Marrocco, "We have
received great commercial interest in the facility. Tight supply in the Port of
New Orleans storage market, coupled with the outstanding customer focus and
responsiveness that the Blackwater Midstream management team offers to our
clients, will make this acquisition a great success for our company. Our
business plan is simple: to forge outstanding, long term customer relationships
through diligent stewardship and exceptional customer service of our clients'
supply chain requirements".
The Westwego acquisition is the first step in Blackwater's strategy of acquiring
niche, third party terminal assets around the country, and building a
diversified asset base that promotes its business plan.
The information in this press release includes certain "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995, including statements relating to prospective acquisitions or
anticipated future results. Forward-looking statements relate to expectations or
forecasts of future events. Blackwater Midstream does not assume the obligation
to update any forward-looking statement. Many factors could cause actual results
to differ materially from Blackwater Midstream's forward-looking statements,
including market forces, economic factors, the availability of capital and
credit, current and future competition and other uncertainties. For further
details about these and other factors that may impact the forward-looking
statements, see Blackwater Midstream's Securities and Exchange Commission
filings, including the "Risk Factors" in the Annual Report on Form 10-K.
Source: Blackwater Midstream Corp.
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1025707-000093041307006902-c50007_ex99-1 | EX-99.I
23
c50007_ex99-1.htm
Exhibit 99.1
1140 Pearl Street, Boulder, Colorado 80302
NEWS RELEASE
for August 20, 2007 at 7:30 AM EDT
Contacts for Incentra Solutions:
Allen & Caron Inc.
Incentra
Solutions, Inc.
Jill Bertotti (investors)
Tom Sweeney
[email protected]
Chief
Executive Officer
Len Hall (financial media)
[email protected]
[email protected]
(303)
449-8279
(949) 474-4300
INCENTRA SOLUTIONS ACQUIRES HELIO SOLUTIONS,
LEADING PROVIDER OF IT AND DATA CENTER SOLUTIONS IN CALIFORNIA/ARIZONA
Boulder,
CO, August 20, 2007
- Incentra Solutions, Inc. (OTCBB:
ICNS), a provider of complete IT and storage management solutions to
enterprises and managed service providers in North America and Europe, today
announced that it has acquired Santa Clara, CA-based Helio Solutions, Inc. (
www.heliosolutions.com
)
for approximately $10.3 million, subject to certain post-closing working
capital adjustments. The price paid at closing included $5 million in cash, six
million restricted shares of Incentra common stock and the issuance of an
unsecured, convertible three-year note for $770,000. Based on meeting certain
performance thresholds in each of the three years following closing, the
sellers are eligible to receive additional consideration consisting of a combination
of cash and restricted shares of Incentra common stock. The sellers have
entered into a multi-year year lockup and voting agreement covering all
Incentra common stock received in the transaction.
Privately-held
Helio, which is a premier provider of IT and secure data center solutions to
mid-tier enterprises and Fortune 1000 companies, had sales of approximately $75
million for the 12 months ended June30, 2007.
Helio
will become a wholly-owned subsidiary of Incentra Solutions and continue to
operate from its offices in Santa Clara, San Jose, San Francisco, Los Angeles,
and Phoenix, AZ. The acquisition will add a staff of approximately 60
professionals and more than 350 customers to Incentra's existing operations,
and Helio president Dave Condensa will remain with the business and report
directly to Incentra Solutions President and Chief Operating Officer Shawn
O'Grady.
Incentra
Solutions Chairman and CEO Thomas P. Sweeney said that acquiring Helio will
significantly strengthen Incentra's presence in California and Arizona. The
acquisition is another important step in the Company's strategy to rapidly grow
revenues by acquiring systems integrators with existing direct sales
organizations serving the enterprise market. With the addition of Helio
revenue, Incentra is well positioned to enter 2008 with an annual revenue run
rate of more than $200 million.
"In
addition to the investments we are making in organic growth, as we have
previously demonstrated we will continue to seek strategic opportunities to
grow through acquisition, when appropriate", Sweeney said. "Helio brings to
Incentra experienced management and an excellent professional staff with a
successful track record. With its large base of well established customers, it
meets our strategic goal of providing significant opportunities to increase
sales of our value
added services
including First Call and Enhanced First Call support services, professional
services and our GridWorks remote monitoring and management system".
Dave
Condensa said, "Joining Incentra Solutions is a significant move for our
employees and our customer base. It not only creates attractive career
opportunities for our professional staff, it adds critically important service
offerings to our product line to help solve our customer's growing data
management requirements. The entire Helio organization is very excited about
becoming part of Incentra for we believe this business combination positions
the Company as the most complete provider of IT products and value added
service solutions on the west coast".
Pagemill
Partners, headquartered in Palo Alto, CA, advised Incentra Solutions regarding
the acquisition.
About Incentra Solutions, Inc.
Incentra
Solutions, Inc. (www.incentrasolutions.com) (OTCBB:ICNS) is a provider of
complete IT & storage management solutions to enterprises and managed
service providers in North America and Europe. Incentra's complete solution
includes managed services, professional services, hardware and software
products with the Company's First Call and Enhanced First Call support
services, IT outsourcing solutions and financing options.
Incentra Solutions Forward Looking Statements
Certain
information discussed in this press release may constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform Act
of 1995 and the federal securities laws. Although the Company believes that the
expectations reflected in such forward-looking statements are based upon
reasonable assumptions at the time made, it can give no assurance that its
expectations will be achieved. Readers are cautioned not to place undue
reliance on these forward-looking statements. Forward-looking statements are
inherently subject to unpredictable and unanticipated risks, trends and
uncertainties such as the Company's inability to accurately forecast its
operating results; the Company's potential inability to achieve profitability
or generate positive cash flow; the availability of financing; and other risks
associated with the Company's business. For further information on factors
which could impact the Company and the statements contained herein, reference
should be made to the Company's filings with the Securities and Exchange Commission,
including Annual Reports on Form 10-KSB, Quarterly Reports on Form 10-QSB and
Current Reports on Form 8-K. The Company assumes no obligation to update or
supplement forward-looking statements that become untrue because of subsequent
events.
# # # #
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1822928-000119312521220722-d185405dex991 | EX-99.1
15
d185405dex991.htm
EX-99.1
EX-99.1
Exhibit 99.1
Holley Announces Closing of Business Combination with Empower
Holley, the leading performance automotive enthusiast platform, will be listed on the New
York Stock Exchange under the ticker "HLLY"
Bowling Green, KY
- July
16, 2021 -
Holley Inc. ("Holley" or the "Company"), the largest and
fastest growing platform in the enthusiast branded performance automotive aftermarket category, today announced the closing of its previously announced business combination with Empower Ltd. ("Empower"), a publicly traded special purpose
acquisition company formed by MidOcean Partners. The business combination was approved by Empower's stockholders on July 14, 2021. Holley is a portfolio company of Sentinel Capital Partners, who will continue to have a significant stake in
the Company. Beginning July 19, 2021, Holley's shares will trade on the New York Stock Exchange under the ticker symbol "HLLY".
Holley's President and Chief Executive Officer, Tom Tomlinson, and the current management team will continue to lead the Company. Matthew Rubel, Chief
Executive Officer and Executive Chairman of the Board of Directors of Empower, will serve as Chairman of the Board of Directors at Holley.
Holley plans
to continue investing in the Company's growth initiatives by accelerating its penetration across categories and platforms; supporting strategic M&A activity; and further expanding its unique event based experiential and digital marketing
efforts.
Tom Tomlinson, Holley CEO, stated "This is an exciting day for our Company and marks an important milestone in our history. We are
enthusiasts and we built this business for our enthusiast customers. As we look to the future, we will remain relentlessly focused on our performance automotive enthusiast community, innovative and exciting new product, and accretive M&A".
"We are pleased to close the business combination with Holley and officially list the Company on the New York Stock Exchange", said Matthew
Rubel, the Chairman of Holley's Board of Directors. "Together, with our respective strengths, we look forward to the growth opportunities ahead, further building the business for future success, gaining additional market share and
continuing to grow as a leader in the enthusiast performance automotive industry".
Since announcing the planned business combination Holley acquired
substantially all of the assets of Advanced Engine Management, Inc. (dba AEM Performance Electronics), a leading developer and supplier of electronic control and monitoring systems for performance automotive applications. Additionally, Holley
appointed two key executives in an effort to further drive long-term growth, Chief Financial Officer, Dominic Bardos, and Executive Vice President of Corporate Development and New Ventures, Vinny Nimmagadda, and continues to see strong financial
performance, recently reporting first quarter 2021 results which saw robust organic and acquired growth.
Following the closing of the business combination, Holley's Board of Directors now consists of seven
directors who bring decades of deep industry experience and leadership roles scaling billion-dollar enterprises at various stages. The newly appointed Board will serve as a valuable asset to the Company as it seeks to drive growth and maximize
shareholder value. The Board of Directors includes:
.
Matthew Rubel, Chief Executive Officer and Executive Chairman of the Board of Empower Ltd.
.
Tom Tomlinson, President and Chief Executive Officer of Holley
.
Gina Bianchini, Founder and Chief Executive Officer of Mighty Network
.
Owen M. Basham, Principal of Sentinel Capital Partners
.
James D. Coady, Partner of Sentinel Capital Partners
.
Michelle Gloeckler, former Executive Vice President, Chief Merchant & President of International for
Academy Sports + Outdoors
.
Ginger Jones, former Vice President, Chief Financial Officer of Cooper Tire & Rubber Company
About Holley
Holley is a leading
designer, marketer, and manufacturer of high-performance products for car and truck enthusiasts. Holley offers the largest portfolio of iconic brands that deliver innovation and inspiration to a large and diverse community of millions of avid
automotive enthusiasts who are passionate about the performance and personalization of their classic and modern cars. Holley has disrupted the performance category by putting the enthusiast consumer first, developing innovative new products, and
building a robust M&A process that has added meaningful scale and diversity to its platform. For more information on Holley, visit
www.holley.com
.
About Empower Ltd.
Empower was a blank check company
formed by MidOcean Partners whose business purpose was to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Empower's management team was led
by Mr. Rubel, its Chief Executive Officer and Executive Chairman of its Board of Directors, and Mr. Clempson, Empower's President. Empower raised $250,000,000 in its initial public offering in October 2020 and was listed on the NYSE
under the ticker symbols "EMPW",
"EMPW-UN"
and
"EMPW-WT".
About Sentinel Capital Partners
Sentinel specializes in
buying and building lower midmarket businesses in the United States and Canada in partnership with management. Sentinel targets business services, consumer, healthcare services, and industrial businesses. Sentinel invests in management buyouts,
recapitalizations, corporate divestitures, going-private transactions, and structured equity investments of established businesses with EBITDA of up to $80 million. Sentinel also invests in special situations, including balance sheet
restructurings and operational turnarounds. For more information about Sentinel, visit
www.sentinelpartners.com
.
Forward Looking Statement
Certain statements in this press release may be considered "forward-looking statements" within the meaning of the "safe harbor"
provisions of the United States Private Securities Litigation Reform Act of 1995 and within the meaning of Section 27a of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
Forward-looking
statements generally relate to future events or Holley's future financial or operating performance. For
example, projections of future sales and other metrics are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expect", "intend,"
"will", "would", "will continue", "will be", "will likely result", "estimate", "anticipate", "believe", "predict", "project", "strategy,"
"future", "opportunity", "plan", or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause
actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Holley and its management, are
inherently uncertain factors that may cause actual results to differ materially from current expectations include, but are not limited to: 1) the outcome of any legal proceedings that may be instituted against Holley or others following the closing
of the business combination; 2) the ability to meet the NYSE's listing standards following the consummation of the business combination; 3) the risk that the business combination disrupts current plans and operations of Holley as a result of
consummation of the business combination; 4) the ability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, the ability of the combined company to grow and manage growth profitably,
maintain relationships with customers and suppliers and retain its management and key employees; 5) costs related to the business combination; 6) changes in applicable laws or regulations; 7) the possibility that Holley may be adversely affected by
other economic, business and/or competitive factors; and 8) other risks and uncertainties set forth in the section entitled "Risk Factors" and "Forward-Looking Statements; Market, Ranking and Other Industry Data" in
Empower's Registration Statement on Form
S-4
filed with the U.S. Securities and Exchange Commission ("SEC"), and other documents of Empower filed, or of Holley, to be filed, with the SEC.
Although Holley believes the expectations reflected in the forward-looking statements are reasonable, nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be
achieved or that any of the contemplated results of such forward looking statements will be achieved. There may be additional risks that Holley presently does not know or that Holley currently believes is immaterial that could also cause actual
results to differ from those contained in the forward-looking statements. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Holley does not undertake any duty to update these
forward-looking statements, except as otherwise required by law.
Contacts
Empower:
Phil Denning / Michael Wolfe
ICR, Inc.
[email protected]
(646)
277-1200
Holley:
Ross Collins / Stephen Poe
Alpha IR Group.
[email protected]
(312)
455-2870
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1651286-000165128616000040-ex991prcarriagehouse | EX-99.1
13
ex991prcarriagehouse.htm
EXHIBIT 99.1
SEC Exhibit
EXHIBIT 99.1
18100 Von Karman Avenue
Suite 500
Irvine, CA 92612
949.852.0700
NEWS RELEASE
Contact: Jennifer Franklin
Phone: 949.333.1721
Email: [email protected]
STEADFAST APARTMENT REIT III, INC.
ACQUIRES FIRST ASSET FOR $7.6 MILLION
IRVINE, Calif., May 23, 2016 - Steadfast Apartment REIT III, Inc. (STAR III) announced today the acquisition of its first community, Carriage House Apartments, a 136-unit complex located in Gurnee-43 miles outside of Chicago-for $7.6 million. In connection with the property acquisition, authorized cash distributions equal to $0.004098 per share of Class A common stock and $0.003366 per share of the Company's Class T common stock will begin being paid.
"We are very pleased to kick off Steadfast Apartment REIT III with the purchase of Carriage House. The community is approximately 98 percent occupied and well-positioned within the market", said Ella Shaw Neyland, president of Steadfast Apartment REIT III. "We intend to target quality, mid-tier assets and seek opportunities to convert good properties into better ones by introducing our extensive institutional resources".
Constructed in 1970 on 8.44 acres, Carriage House comprises 17 two-story buildings with one- and two-bedroom layouts that average 653 square feet. Average in-place rents are $741 per month. Community amenities include a swimming pool with sundeck, pool house with a locker room, picnic area, laundry facilities and additional storage.
STAR III will initiate a moderate value enhancement strategy for all unit interiors, including new appliances, upgraded bathroom and kitchen counters, fresh paint and upgraded flooring. Select improvements to the common areas will include improving the community's curb appeal.
Just minutes off I-94, I-88, I-294 and I-90, Carriage House is in a prime location within Chicago's Lake County submarket, which has become a premier business location for companies such as Abbott Laboratories, AbbVie, Solo Cup Company, HSBC Finance, Swingline and Diners Club International. Additionally, two area schools are in walking distance and residents enjoy easy access to Gurnee Mills, the largest outlet destination in Illinois, Six Flags Great America and other major metro areas.
In general, STAR III believes the Chicago area is well-positioned for long-term success thanks to its talent pool, institutions and infrastructure, and diversified economies generating an annual gross regional product of more than $575 billion.
About Steadfast Apartment REIT III Steadfast Apartment REIT III is sponsored by Steadfast REIT Investments, LLC, an affiliate of Steadfast Companies, an Orange County, Calif.-based group of affiliated real estate investment and operating companies that acquire, develop and manage real estate in the U.S. and Mexico.
This release contains certain forward-looking statements. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from those expressed or implied by such forward-looking statements and you should not place undue reliance on any such statements. A number of important factors could cause actual results to differ materially from the forward-looking statements contained in this release. Such factors include those described in the Risk Factors sections of STAR III's prospectus and other reports filed with the Securities and Exchange Commission. Forward-looking statements in this document speak only as of the date on which such statements were made, and the company undertakes no obligation to update any such statements that may become untrue because of subsequent events. Such forward-looking statements are subject to the safe harbor protection for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.
THIS PRESS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES.
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912093-000091209308000003-ex991 | EX-99.1
2
ex991.htm
PRESS RELEASE
ex991.htm
EXHIBIT 99.1
NEWS RELEASE
JDSU Completes Acquisition
of American Bank Note Holographics, Inc.
Milpitas, California, February 13,
2008
- JDSU today announced that it has completed the acquisition of
American Bank Note Holographics, Inc. ("ABNH"), a market leader in the
origination, production and marketing of holograms for security applications and
the leading supplier of optical security devices for the transaction card
market. ABNH will be integrated into JDSU's Advanced Optical
Technologies segment.
"With the
completion of the acquisition of ABNH, our combined customers in the
fast-growing brand security market now have the benefit of an expanded set of
overt and covert authentication options", said Roy Bie, senior vice president
and general manager of JDSU's Advanced Optical Technologies business
segment.
As a
result of the acquisition, each share of ABNH common stock has been converted
into the right to receive 0.4479 shares of JDSU common stock and $1.00 of
cash.
About
JDSU
JDSU
(NASDAQ: JDSU; and TSX: JDU) enables broadband and optical innovation in the
communications, commercial and consumer markets. JDSU is a leading provider of
communications test and measurement solutions and optical products for
telecommunications service providers, cable operators, and network equipment
manufacturers. JDSU is also a leading provider of innovative optical
solutions for medical/environmental instrumentation, semiconductor processing,
display, brand authentication, aerospace and defense, and decorative
applications. More information is available at
www.jdsu.com
.
The
statements contained in this press release that are not purely historical are
forward-looking statements within the meaning of Section 27A of the Securities
Act of 1933 and Section 21E of the Securities Act of 1934. Such forward-looking
statements include, but are not limited to any statement or implication that the
brand security market will grow, or grow at the rate predicted by third parties
or that ABNH's operations, sales channels and business will be successfully
integrated into JDSU. Such forward-looking statements involve risks and
uncertainties that, if realized, could materially impair the Company's results
of operations, business, and financial condition. These risks and uncertainties
include the following, among other things: (a) our current visibility as
to customer demand levels, future market growth and the timing, extent,
location, requirements and nature of the authentication and security market, is
limited; and (b) the products may not (i) perform as expected without
material defects, (ii) be manufactured at acceptable volumes, yields, and cost,
(iii) be qualified and accepted by our customers, and (iv) successfully
compete with products offered by our competitors, and (d) factors discussed from
time to time in reports filed by the Company with the Securities and Exchange
Commission. The forward-looking statements contained in this news release are
made as of the date hereof, and the Company does not assume any obligation to
update or qualify any of the statements made herein. Source: JDS Uniphase
Corporation.
Contact
Information
Investors:
Michelle
Levine, 408-546-4421 or
[email protected]
Press:
Kathleen
Greene, 408-546-5852 or
[email protected]
| [
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1299901-000112528205003750-b407758_ex991 | EX-99.1
3
b407758_ex991.htm
PRESS RELEASE
Prepared and filed by St Ives Financial
Exhibit 99.1
CONTACT: FELDMAN MALL PROPERTIES,
INC.
Larry Feldman
Chairman & Chief Executive Officer
-or-
Thomas E. Wirth
Executive Vice President, Chief Financial Officer
(516) 684 -1239
1010 Northern Blvd, Suite 314
Great Neck, NY 11021
FELDMAN MALL PROPERTIES, INC. ACQUIRES
NORTHGATE MALL IN CINCINNATI, OHIO
GREAT NECK, N.Y.-(BUSINESS WIRE)-July 12, 2005-Feldman Mall Properties, Inc. (NYSE:FMP), a real estate investment trust focused on the renovation and repositioning of enclosed regional shopping malls, today announced the acquisition of the Northgate Mall, a 1.1 million square foot mall located in the northwest suburbs of Cincinnati, Ohio for $110.0 million.
The purchase price of $110.0 million includes the assumption of the existing mortgage loan in the approximate amount of $79.6 million plus cash in the amount of approximately $30.4 million.
Northgate Mall, located in Colerain Township, is a super-regional enclosed mall featuring anchor tenants Macy's, Dillard's, Sears and JC Penney. Of the 1.1 million total square feet, approximately 577,000 square feet including the Macy's building are being purchased, with the remaining square footage belonging to the three other anchor tenants. Excluding anchor tenants and excluding temporary tenants, the shop occupancy is 78%. Including temporary tenants the shop occupancy is 90%. Overall occupancy at Northgate is 93% including anchor tenants.
Financing for the equity portion of the acquisition was funded with proceeds from a six-month first mortgage loan financing collateralized by Colonie Center.
With the completion of this transaction, the Company's portfolio, including non-owned anchor tenants, consists of six regional malls aggregating approximately 6.2 million square feet.
To receive the Company's latest news releases and other corporate documents, please contact the Company at (516) 684-1239. All releases and supplemental data can also be downloaded directly from the Feldman Mall Properties website at: www.FeldmanMall.com.
About Feldman Mall Properties, Inc.
Feldman Mall Properties, Inc. acquires, renovates and repositions enclosed retail shopping malls. Feldman Mall Properties Inc.'s investment strategy is to opportunistically acquire underperforming malls and transform them into physically attractive and profitable Class A or near Class A malls through comprehensive renovation and re-tenanting efforts aimed at increasing shopper traffic and tenant sales.
Forward-looking Information:
This press release contains forward-looking statements that involve risks and uncertainties regarding various matters, including without limitation the success of our business strategy, including our acquisition, renovation and repositioning plans; our ability to close pending acquisitions and the timing of those acquisitions; our ability to obtain required financing; our understanding of our competition; market trends; our ability to implement our repositioning plans on time and within our budgets; projected capital and renovation expenditures; demand for shop space and the success of our lease-up plans; availability and creditworthiness of current and prospective tenants; and lease rates and terms. The forward-looking statements are based on
our assumptions and current expectations of future performance. These assumptions and expectations may be inaccurate or may change as a result of many possible events or factors, not all of which are known to us. If there is any inaccuracy or change, actual results may vary materially from our forward-looking statements.
CONTACT: Feldman Mall Properties, Inc. Larry Feldman or Thomas E. Wirth, 516-684 -1239
SOURCE: Feldman Mall Properties, Inc.
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851205-000085120515000018-cognexnewsrelease | EX-99.2
3
cognexnewsrelease.htm
EXHIBIT 99.2
Cognexnewsrelease
FOR IMMEDIATE RELEASE
INVESTOR CONTACT:
MEDIA CONTACT:
Susan Conway
Sarah Laskowski
Senior Director of Investor Relations
Corporate Communications Manager
Cognex Corporation
Cognex Corporation
Phone: (508) 650-3353
Phone: (508) 650-3347
Email: [email protected]
Email: [email protected]
COGNEX COMPLETES THE SALE OF ITS
SURFACE INSPECTION SYSTEMS DIVISION
NATICK, MA, July 7, 2015 - Cognex Corporation (NASDAQ: CGNX) today announced that it has completed the sale of its Surface Inspection Systems Division (SISD) to AMETEK, Inc. (NYSE: AME) on July 6, 2015 for $160 million in cash, subject to customary working capital and other purchase price adjustments. Cognex expects to report a pre-tax gain from the transaction of approximately $125 million in Q3 2015, and to report the financial results of SISD for Q2 2015, which ended on July 5th, as a discontinued operation. Cognex plans to discuss the sale of SISD in its upcoming quarterly earnings conference call described below.
Analyst Conference Call and Simultaneous Webcast
Cognex will host a conference call on Monday, August 3, 2015 at 5:00 p.m. Eastern Time (ET). The telephone number is (866) 256-9239 (or (703) 639-1213 if outside the United States). A replay will begin that night at 8:00 p.m. ET and will run continuously until 11:59 p.m. ET on Thursday, August 6, 2015. The telephone number for the replay is (888) 266-2081 (or (703) 925-2533 if outside the United States). The access code for both the live call and the replay is 1657881.
Internet users can listen to a real-time audio broadcast of the conference call or an archived recording on the Cognex Investor Relations website: http://www.cognex.com/Investor.
(more)
Cognex Completes Sale of its Surface Inspection Systems Division, Page 2
About Cognex Corporation
Cognex Corporation designs, develops, manufactures and markets a range of products that incorporate sophisticated machine vision technology that gives them the ability to "see." Cognex products include barcode readers, machine vision sensors and machine vision systems that are used in factories, warehouses and distribution centers around the world to guide, gauge, inspect, identify and assure the quality of items during the manufacturing and distribution process. Cognex is the world's leader in the machine vision industry, having shipped more than 1 million vision-based products, representing over $4 billion in cumulative revenue, since the company's founding in 1981. Headquartered in Natick, Massachusetts, USA, Cognex has regional offices and distributors located throughout the Americas, Europe and Asia. For details visit Cognex online at http://www.cognex.com.
Certain statements made in this news release, which do not relate solely to historical matters, are forward-looking statements. These statements can be identified by use of the words "expects", "anticipates", "estimates", "believes", "projects", "intends", "plans", "will", "may", "shall", "could", "should", and similar words and other statements of a similar sense. These forward-looking statements, which include statements regarding business and market trends, future financial performance, expected areas of growth and strategic plans, involve known and unknown risks and uncertainties that could cause actual results to differ materially from those projected. Such risks and uncertainties include: (1) the loss of a large customer; (2) current and future conditions in the global economy; (3) the reliance on revenue from the consumer electronics or automotive industries; (4) the inability to penetrate new markets; (5) the cyclicality of the semiconductor and electronics industries; (6) the inability to achieve significant international revenue; (7) fluctuations in foreign currency exchange rates and the use of derivative instruments; (8) the inability to attract and retain skilled employees; (9) the reliance upon key suppliers to manufacture and deliver critical components for our products; (10) the failure to effectively manage product transitions or accurately forecast customer demand; (11) the inability to design and manufacture high-quality products; (12) the technological obsolescence of current products and the inability to develop new products; (13) the failure to properly manage the distribution of products and services; (14) the inability to protect our proprietary technology and intellectual property; (15) our involvement in time-consuming and costly litigation; (16) the impact of competitive pressures; (17) the challenges in integrating and achieving expected results from acquired businesses; (18) potential impairment charges with respect to our investments or for acquired intangible assets or goodwill; (19) exposure to additional tax liabilities; (20) information security breaches or business system disruptions; and (21) the other risks detailed in Cognex reports filed with the SEC, including its Form 10-K for the fiscal year ended December 31, 2014. You should not place undue reliance upon any such forward-looking statements, which speak only as of the date made. Cognex disclaims any obligation to update forward-looking statements after the date of such statements.
###
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1210936-000116923206002828-d68495_ex99-2 | EX-99.2
4
d68495_ex99-2.htm
PRESS RELEASE DATED JUNE 21, 2006
Exhibit 99.2
PRESS RELEASE:
EASY GARDENER ANNOUNCES COMPLETION OF SALE OF ASSETS AND NAME CHANGE
WACO, TX -- (MARKET WIRE) -- 06/21/2006 -- Easy Gardener Products, Ltd. (OTC: EZGRP) Formerly -- (AMEX: EZY_pa) (AMEX: EZY.pr.a) (AMEX: EZYPRA) (AMEX: EZY/PA) announces the completion of the sale of all of its assets pursuant to an order of the Bankruptcy Court. The buyer was Green Thumb Acquisition Corporation ("GTAC"), an affiliate of Bayside Capital, at a purchase price of $58,797,023.46. The purchase price consists of $23.5 million, plus the principal and interest owed to the Company's senior secured revolving and term lenders and minus certain fees to be paid. Bayside Capital is an affiliate of H.I.G. Capital, an investment firm that manages more than $2.5 billion in invested capital and has invested in over 40 portfolio companies.
Under the sale agreement, the Company sold to the GTAC substantially all of the assets of the Company and its wholly-owned subsidiaries Weatherly Consumer Products Group, Inc. and Weatherly Consumer Products, Inc. in a transaction subject to Section 363 of the Federal Bankruptcy Code. The Company used the proceeds of the sale to repay 100% of the outstanding principal and unpaid interest due to the Company's senior secured revolving and term lenders at the closing of the sale, upon which the Company terminated its agreements with its senior secured revolving and term lenders. The Company expects the $23.5 million balance of the purchase price to be used to pay amounts owed to holders of two subordinated promissory notes issued by the Company in the aggregate principal amount of $4.275 million, plus accrued interest of approximately $1.0 million. After paying transaction and other fees estimated to be
between $3.1 million and $4.3 million, there will be between approximately $15.1 million and $13.9 million remaining for distribution to holders of the Company's 9.40% Cumulative Preferred Trust Securities (the "Trust Preferred Shares") due April 15, 2028 (estimated to be between approximately $6.25 and $5.75 per Trust Preferred Share). The amount ultimately paid to the holders of the Trust Preferred Shares will depend upon several contingencies, including the amount of transaction and other fees actually incurred in connection with the sale and the Chapter 11 process. No funds will be available for payment to the Company's common equity securities.
Effective June 16, 2006, the Company has changed its name to EGI Liquidating Company, Ltd. The Company is a Texas limited partnership with principal executive offices located at 3022 Franklin Avenue, Waco, Texas 76710.
About Easy Gardener Products, Ltd.
The Company's Form 10-K for the period ended June 30, 2005 and other historical financial statements can be found on the Company's web site, www.easygardener.com, or on the Securities and Exchange Commission's web site, www.sec.gov, under the name Easy Gardener Products, Ltd.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:
The Private Securities Litigation Reform Act of 1955 provides a "safe harbor" for forward-looking statements. Certain information included in this release contains statements that are forward-looking. Such forward-looking information involves important known and unknown risks and uncertainties. The words "believes", "expects", "anticipates", "intends", "plans", "may", "might", "could", "should" and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made.
Contact:
Dick Kurz
Easy Gardener Products, Ltd.
254-753-5353
Email:
Email Contact
SOURCE: Easy Gardener Products, Ltd.
2
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884624-000114036110010737-ex99_1 | EX-99.1
3
ex99_1.htm
EXHIBIT 99.1
ex99_1.htm
Exhibit 99.1
Orthofix International Sells Vascular Business to Covidien
BOSTON, Mar 08, 2010 (BUSINESS WIRE) -- Orthofix International N.V. (NASDAQ: OFIX) (the Company) announced today it has sold the assets of its vascular business, including its AV-Impulse
(R)
mechanical compression technology, to Covidien.
"This transaction represents another important step towards focusing Orthofix on strategic market segments that represent long term growth potential for the Company", said Orthofix's CEO Alan Milinazzo. "Additionally, the proceeds from the sale of this business will allow us to further deleverage our balance sheet".
As part of the sale, Orthofix has agreed to provide transitional services to Covidien for a period of up to five months. Additionally, under the terms of two Supply Agreements, Orthofix will provide Covidien with 2-years' worth of Impads used in conjunction with the compression therapy devices being sold, as well as with additional products relating to this business for a 90 day period.
Impact on 2010 Financial Results
Orthofix expects the following financial impact as a result of the sale:
·
2010 GAAP EPS guidance increased to $2.24-$2.28
·
Revised 2010 revenue guidance = $568-576 million
o
Q1 lower by $2-$3 million
·
Net cash proceeds of up to $19 million will be used to reduce outstanding long term debt by approximately 7%; expected reduction in debt/EBITDA ratio* of 13%
·
Revised 2010 interest expense = $22-$24 million
·
Additional expected impact to GAAP EPS:
o
Q1 GAAP EPS = $0.80-$0.83
§
Includes net gain on sale of up to $0.42
o
Q2-Q4 impact to earnings from the sale of the business and the repayment of debt is expected to be a total net reduction of $0.14-$0.18
*as defined in the amended credit agreement
About Orthofix
Orthofix International, N.V. is a global medical device company offering a broad line of minimally invasive surgical, and non-surgical, products for the spine, orthopedic, and sports medicine market sectors that address the lifelong bone-and-joint health needs of patients of all ages-helping them achieve a more active and mobile lifestyle. Orthofix's products are widely distributed around the world to orthopedic surgeons and patients via Orthofix's sales representatives and its subsidiaries, including BREG, Inc. and via partnerships with other leading orthopedic product companies. In addition, Orthofix is collaborates with leading medical institutions such as the Musculoskeletal Transplant Foundation, the Orthopedic Research and Education Foundation, and The University of Medicine and Dentistry of New Jersey. For more information about Orthofix, please visit
www.orthofix.com
.
FORWARD-LOOKING STATEMENTS
This communication contains certain forward-looking statements under the Private Securities Litigation Reform Act of 1995. These forward-looking statements, which may include, but are not limited to, statements concerning the projections, financial condition, results of operations and businesses of Orthofix and its subsidiaries and are based on management's current expectations and estimates and involve risks and uncertainties that could cause actual results or outcomes to differ materially from those contemplated by the forward-looking statements.
Factors that could cause or contribute to such differences may include, but are not limited to, risks relating to the expected sales of its products, including recently launched products, unanticipated expenditures, changing relationships with customers, suppliers, strategic partners and lenders, changes to and the interpretation of governmental regulations, ongoing governmental investigations of our businesses which could result in civil or criminal liability or findings of violations of law (as further described in the "Legal Proceedings" sections of our annual report on Form 10-K and quarterly reports on Form 10-Q), risks relating to the protection of intellectual property, changes to the reimbursement policies of third parties, the impact of competitive products, changes to the competitive environment, the acceptance of new products in the market, conditions of the orthopedic industry, credit markets and the economy, corporate development and market development activities, including acquisitions or divestitures, unexpected costs or operating unit performance related to recent acquisitions, and other factors described in our annual report on Form 10-K and other periodic reports filed by the Company with the Securities and Exchange Commission (SEC).
SOURCE: Orthofix International N.V.
Orthofix International N.V.
Dan Yarbrough, 617-912-2903
Vice President of Investor Relations
[email protected]
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",",
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"FORWARD",
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"Reform",
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1120370-000110465907076702-a07-27316_1ex99d1 | EX-99.1
8
a07-27316_1ex99d1.htm
EX-99.1
Exhibit 99.1
FOR IMMEDIATE RELEASE
TOWER TECH HOLDINGS INC.
101 South 16
th
Street, P.O. Box 1957
Manitowoc, WI 54221-1957
(920) 684-5531
For more information contact:
Steve Huntington, CFO
TOWER TECH HOLDINGS INC. COMPLETES
ACQUISITION OF
BRAD FOOTE GEAR WORKS, INC.
-J. Cameron Drecoll Appointed CEO-
MANITOWOC, WI, October 22, 2007 - Tower Tech Holdings Inc. (TWRT) has
closed the previously announced acquisition of Brad Foote Gear Works, Inc., an
Illinois-based manufacturer of gearing systems for the wind turbine, oil and
gas and energy-related industries.
Upon closing, J. Cameron Drecoll, the CEO of Brad Foote Gear Works,
assumed chief executive responsibilities for the combined company and was
appointed to Tower Tech's Board of Directors. Mr. Drecoll has been the majority
shareholder and CEO of Brad Foote Gear Works since 1996. Mr. Drecoll said, "We
are excited about the closing of the transaction and the opportunities the
combination brings to our customers, employees and surrounding communities".
Tower Tech purchased all of the outstanding stock of Brad Foote Gear
Works for approximately 16 million shares of Tower Tech common stock and $64
million cash, plus an amount equal to the tax cost of the Brad Foote Gear Works
shareholders making an election under Section 338(h)(10) of the Internal
Revenue Code. The cash portion of the consideration was funded through both
debt and equity financing, which was structured to provide additional liquidity
to facilitate the future growth plans and working capital needs of Tower Tech
and its subsidiaries. Tontine Partners, L.P. and its affiliates purchased an
aggregate of 12,500,000 shares of Tower Tech common stock in a private
placement at a purchase price of $4.00 per share and provided $25 million of
additional interim debt financing in the form of senior subordinated
convertible notes. Tower Tech also assumed approximately $21 million of senior
debt from Brad Foote Gear Works.
About Tower Tech Holdings Inc.
Tower Tech Holdings Inc. (TWRT-OTC) is dedicated to the production of
components for energy and infrastructure-related industries. Tower Tech is
primarily focused on the manufacture of components for the wind industry,
including tower support structures through its Tower Tech Systems subsidiary
and gearing systems through its Brad Foote Gear Works subsidiary. Tower Tech is
headquartered in Manitowoc, Wisconsin and has additional locations in Cicero,
Illinois and Neville Island, Pennsylvania.
Forward Looking Statements
Certain statements found in this press
release may constitute forward-looking statements as defined by Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. Forward-looking statements are based on
current expectations and include any statement that does not directly relate to
a current or historical fact.
Such
statements are generally identifiable by the terminology used, such as "anticipate,"
"believe", "intend", "expect", "plan", or other similar words.
Our
forward-looking statements in this release generally relate to anticipated
synergies created by the acquisition and expectations regarding the use of
funds received in our financing transaction. Although it is not possible to
foresee all of the factors that may cause actual results to differ from our
forward-looking statements, such factors include, among others, the following:
(i) difficulties in integrating the merged businesses and our ability to
successfully capitalize on the acquired business's strengths and product
offerings; (ii) the ability of our management team and key employees to
transition to working with a new CEO; (iii) our ability to successfully comply with the terms of our
debt and equity financing; (iv) our anticipated capital needs; (v) unforeseen
costs or liabilities that may arise in connection with the acquisition; (vi)
fluctuations in general economic conditions; and (vii) those risks described
from time to time in our reports to the Securities and Exchange Commission
(including our Annual Report on Form 10-KSB). Investors should not consider any
list of such factors to be an exhaustive statement of all of the risks,
uncertainties or potentially inaccurate assumptions that could cause our
current expectations or beliefs to change. Shareholders and other readers
should not place undue reliance on "forward-looking statements", as such
statements speak only as of the date of this release. We undertake no
obligation to update publicly or revise any forward-looking statements.
###
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".",
"1",
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"TOWER",
"TECH",
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".",
"101",
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",",
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"1957",
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",",
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"Steve",
"Huntington",
",",
"CFO",
"TOWER",
"TECH",
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",",
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",",
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",",
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".",
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",",
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".",
",",
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"-",
"based",
"manufacturer",
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"wind",
"turbine",
",",
"oil",
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"and",
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"-",
"related",
"industries",
".",
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",",
"J",
".",
"Cameron",
"Drecoll",
",",
"the",
"CEO",
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"Brad",
"Foote Gear Works",
",",
"assumed",
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"executive",
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"the",
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"company",
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"was",
"appointed",
"to",
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"Tech",
"'s",
"Board",
"of",
"Directors",
".",
"Mr",
".",
"Drecoll",
"has",
"been",
"the",
"majority",
"shareholder",
"and",
"CEO",
"of",
"Brad",
"Foote Gear Works",
"since",
"1996",
".",
"Mr",
".",
"Drecoll",
"said",
",",
"\"",
"We",
"are",
"excited",
"about",
"the",
"closing",
"of",
"the",
"transaction",
"and",
"the",
"opportunities",
"the",
"combination",
"brings",
"to",
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"customers",
",",
"employees",
"and",
"surrounding",
"communities",
"\"",
".",
"Tower",
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"all",
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"stock",
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"Foote",
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"Works",
"for",
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"64",
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",",
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"cost",
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"Foote",
"Gear",
"Works",
"shareholders",
"making",
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"election",
"under",
"Section",
"338",
"(",
"h",
")",
"(",
"10",
")",
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"Internal",
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"Code",
".",
"The",
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"equity",
"financing",
",",
"which",
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"liquidity",
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"plans",
"and",
"working",
"capital",
"needs",
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"and",
"its",
"subsidiaries",
".",
"Tontine",
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",",
"L",
".",
"P",
".",
"and",
"its",
"affiliates",
"purchased",
"an",
"aggregate",
"of",
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"shares",
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"interim",
"debt",
"financing",
"in",
"the",
"form",
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"senior",
"subordinated",
"convertible",
"notes",
".",
"Tower",
"Tech",
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"$",
"21 million",
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"Foote",
"Gear",
"Works",
".",
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"Tech",
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".",
"Tower",
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"Holdings",
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".",
"(",
"TWRT",
"-",
"OTC",
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"is",
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"of",
"components",
"for",
"energy",
"and",
"infrastructure",
"-",
"related",
"industries",
".",
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"Tech",
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",",
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"Foote",
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",",
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"Forward",
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"Certain",
"statements",
"found",
"in",
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"press",
"release",
"may",
"constitute",
"forward",
"-",
"looking",
"statements",
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"27A",
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"Act",
"of",
"1933",
",",
"as",
"amended",
",",
"and",
"Section",
"21E",
"of",
"the",
"Securities",
"Exchange",
"Act",
"of",
"1934",
",",
"as",
"amended",
".",
"Forward",
"-",
"looking",
"statements",
"are",
"based",
"on",
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"expectations",
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"include",
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"that",
"does",
"not",
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"to",
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"the",
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"used",
",",
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"as",
"\"",
"anticipate",
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"\"",
"\"",
"believe",
"\"",
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"\"",
"intend",
"\"",
",",
"\"",
"expect",
"\"",
",",
"\"",
"plan",
"\"",
",",
"or",
"other",
"similar",
"words",
".",
"Our",
"forward",
"-",
"looking",
"statements",
"in",
"this",
"release",
"generally",
"relate",
"to",
"anticipated",
"synergies",
"created",
"by",
"the",
"acquisition",
"and",
"expectations",
"regarding",
"the",
"use",
"of",
"funds",
"received",
"in",
"our",
"financing",
"transaction",
".",
"Although",
"it",
"is",
"not",
"possible",
"to",
"foresee",
"all",
"of",
"the",
"factors",
"that",
"may",
"cause",
"actual",
"results",
"to",
"differ",
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"forward",
"-",
"looking",
"statements",
",",
"such",
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",",
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"others",
",",
"the",
"following",
":",
"(",
"i",
")",
"difficulties",
"in",
"integrating",
"the",
"merged",
"businesses",
"and",
"our",
"ability",
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"successfully",
"capitalize",
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"the",
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"'s",
"strengths",
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"offerings",
";",
"(",
"ii",
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"the",
"ability",
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"management",
"team",
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"transition",
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"working",
"with",
"a",
"new",
"CEO",
";",
"(",
"iii",
")",
"our",
"ability",
"to",
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"with",
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"terms",
"of",
"our",
"debt",
"and",
"equity",
"financing",
";",
"(",
"iv",
")",
"our",
"anticipated",
"capital",
"needs",
";",
"(",
"v",
")",
"unforeseen",
"costs",
"or",
"liabilities",
"that",
"may",
"arise",
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"connection",
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";",
"(",
"vi",
")",
"fluctuations",
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"economic",
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";",
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"(",
"vii",
")",
"those",
"risks",
"described",
"from",
"time",
"to",
"time",
"in",
"our",
"reports",
"to",
"the",
"Securities",
"and",
"Exchange",
"Commission",
"(",
"including",
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"Annual",
"Report",
"on",
"Form",
"10",
"-",
"KSB",
")",
".",
"Investors",
"should",
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"any",
"list",
"of",
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"an",
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"current",
"expectations",
"or",
"beliefs",
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"change",
".",
"Shareholders",
"and",
"other",
"readers",
"should",
"not",
"place",
"undue",
"reliance",
"on",
"\"",
"forward",
"-",
"looking",
"statements",
"\"",
",",
"as",
"such",
"statements",
"speak",
"only",
"as",
"of",
"the",
"date",
"of",
"this",
"release",
".",
"We",
"undertake",
"no",
"obligation",
"to",
"update",
"publicly",
"or",
"revise",
"any",
"forward",
"-",
"looking",
"statements",
".",
"#",
"#",
"#"
] | [
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"O",
"O",
"O",
"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"B-Parties.BUYING_COMPANY",
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"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"O",
"O",
"O",
"O",
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"O",
"O",
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"O",
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931059-000114420410014870-v178137_ex99-1 | EX-99.1
2
v178137_ex99-1.htm
TEGAL
SELLS THIN FILM ETCH AND PVD ASSETS TO OEM GROUP
Tegal
retains and will continue to sell and support its Deep Reactive Ion Etch
(DRIE)
systems
globally while continuing to pursue strategic alternatives for the
Company
PETALUMA, Calif., March 22, 2010
-
Tegal Corporation
,
(Nasdaq: TGAL) an innovator of specialized production solutions for the
fabrication of advanced MEMS, power ICs and optoelectronic devices, today
announced that it has sold its legacy thin film etch and physical vapor
deposition (PVD) product lines to OEM Group, Inc. for aggregate consideration of
up to $3 million, of which a maximum of $1 million is subject to OEM Group's
achievement of certain target sales levels.
Tegal
sold to OEM Group the Tegal 900ACS™, 980ACS™, 6500 HRe
-
™ and
6500 Spectra™ series Thin Film Etch products, along with the Sputtered Films
Endeavor™ and AMS™ PVD series products, intellectual property and process
know-how. OEM Group will bring continued global support to existing
Tegal Thin Film Etch and PVD customers, and will integrate these world
class technologies into their LEGENDS™ offering, which already includes the MRC
Eclipse (PVD), AG Heatpulse® (RTP), Lam AutoEtch™ (Etch), and Varian Sunset
(Implant) platforms.
"OEM
Group is the perfect company for these Tegal products, which represent an
important legacy in semiconductor capital equipment and process technology,"
said Thomas Mika, President and CEO, Tegal Corporation. "We are
pleased that we have been able to place these products and many of the skilled
employees associated with them in a company whose business model is built on the
continued sales, service and support of late life cycle technology into new and
existing customers and markets".
"We are
honored to continue providing Tegal's world class Thin Film Etch solutions to
the market; and, with the addition of the Sputtered Films technologies to our
own PVD focus, we believe we will have an unmatched product offering", said
Wayne Jeveli, President of OEM Group. "Over the course of more than 30 years,
Tegal's brand has symbolized innovation, quality and customer focus. We believe
these attributes will continue on for many years at OEM Group".
The sale
of the Thin Film Etch and PVD product lines to OEM Group represents a
significant step in Tegal's execution of its previously announced pursuit of
strategic alternatives for the benefit of Tegal's stockholders. While
continuing to evaluate strategic alternatives for the Company, Tegal intends to
continue to sell and support its full range of Deep Reactive Ion Etch (DRIE)
systems that it acquired from Alcatel Micro Machining Systems (AMMS) in
September, 2008. Tegal's DRIE systems are critical enablers for
etching silicon and dielectric films found in the MEMS, bio-tech, power IC,
optoelectronic, and 3D-IC markets. Tegal DRIE tools are employed in
MEMS foundries and commercial high volume manufacturing lines world-wide, and
can be found in numerous academic and commercial research and development
laboratories throughout the world.
Safe Harbor
Statement
Except
for historical information, matters discussed in this news release contain
forward-looking statements within the meaning of Section 27A of the Securities
Act and Section 21E of the Exchange Act. Forward-looking statements, which
are based on assumptions and describe our future plans, strategies and
expectations, are generally identifiable by the use of the words "anticipate,"
"believe", "estimate", "expect", "intend", "project" or similar
expressions. These forward-looking statements are subject to risks,
uncertainties and assumptions about the Company including, but not limited to
industry conditions, economic conditions, acceptance of new technologies and
market acceptance of the Company's products and services. All
forward-looking statements attributable to us or persons acting on our behalf
are expressly qualified in their entirety by the cautionary statements in this
paragraph. For a further discussion of these risks and uncertainties,
please refer to the Company's periodic filings with the Securities and Exchange
Commission.
About
Tegal Corporation
Tegal is
an innovator of specialized production solutions for the fabrication of advanced
MEMS, power ICs and optoelectronic devices found in products like smart phones,
networking gear,
solid-
state
lighting, and digital imaging. The Company's plasma etch tools enable
sophisticated manufacturing techniques, such as 3D interconnect structures
formed by intricate silicon etch, also known as Deep Reactive Ion Etching
(DRIE). Tegal combines proven expertise with practical system strategies to
deliver application-specific solutions that are robust and reliable, and deliver
exceptional process quality and high yields at a lower overall cost of
ownership.
Headquartered in Petaluma, California, the company
has
more than 35 years of expertise and innovation in specialized technologies, over
100 patents, and an installed base of more than 1900 systems worldwide. Please
visit us on the web at
www.Tegal.com
.
About OEM Group:
OEM
Group provides new and remanufactured front-end equipment to worldwide makers of
Silicon Devices, as well as emerging applications such as MEMS, LED, RFID, Power
Devices, and Photovoltaic. Having completed over 1,300 projects since
1999, OEM Group's proven remanufacturing procedures provide the production
performance and process confidence today's Fabs require. With the recent
addition of the Tegal 900ACS™-Series and 6500™-Series Thin Film Etch, the
Sputtered Films Endeavor™ PVD, and AMS™ PVD product lines, OEM Group continues
to increase their LEGENDS™ portfolio which also includes the MRC Eclipse (PVD),
AG Heatpulse® (RTP), Varian Sunset [Implant], and Lam AutoEtch™ (ETCH) product
lines.
In
addition to the LEGENDS™ line, OEM Group continues to be the global
remanufacturing leader of systems, chambers, and conversions for the Applied
Materials® Endura®, Centura® and P5000; Mattson Aspen™ II; and Novellus Concept
One® and Two platforms. All Remanufactured systems include installation,
start-up, and warranty support.
www.oemgroupinc.com
Tegal
Contact
Thomas
Mika
President
& CEO
Tel: +1
707 765-5630
Email:
[email protected]
or
The
Blueshirt Group
Chris
Danne
Tel: +1
415 217-7722
OEM
Group Contact
Wayne
Jeveli
President
Tel: +1
480 609 8565
[email protected]
##
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".",
"Headquartered",
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",",
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"About",
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":",
"OEM",
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56047-000114036112052194-ex99_1 | EX-99.1
3
ex99_1.htm
EXHIBIT 99.1
ex99_1.htm
EXHIBIT 99.1
KIRBY CORPORATION
Contact: Steve Holcomb
713-435-1135
FOR IMMEDIATE RELEASE
KIRBY CORPORATION COMPLETES THE PURCHASE
OF PENN MARITIME
Houston, Texas (December 14, 2012)
- Kirby Corporation ("Kirby") (NYSE:KEX) announced today the completion of the acquisition of Penn Maritime Inc. and Maritime Investments LLC ("Penn"), an operator of tank barges and tugboats participating in the coastal transportation of primarily black oil products in the United States.
The total value of the transaction was approximately $299 million (before post-closing adjustments and transaction fees), consisting of $146 million of cash, $29 million through the issuance of 500,000 shares of Kirby common stock valued at $58.16 per share, and $124 million for the retirement of Penn's debt. The cash portion of the consideration and retirement of Penn's debt were financed from the proceeds of a new issue of unsecured senior notes.
The new unsecured senior notes, closed on December 13, 2012, provide for $500 million in fixed rate debt with $150 million at a 7-year maturity at 2.79% and $350 million at a 10-year maturity at 3.34%. On December 14, 2012, $275 million of the unsecured senior notes were drawn to close the Penn acquisition, with the balance to be drawn in February 2013 primarily to replace $200 million of senior notes due February 28, 2013.
Penn's fleet, comprised of 18 double-hulled tank barges with a capacity of 1.9 million barrels and 16 tugboats, operates along the East Coast and Gulf Coast of the United States. Penn's tank barge fleet has an average age of approximately 13 years with a product mix that consists primarily of refinery feedstocks, asphalt and crude oil. Penn's customers include major oil companies and refiners, nearly all of whom are current Kirby customers for inland tank barge services.
Kirby Corporation, based in Houston, Texas, is the nation's largest domestic tank barge operator, transporting bulk liquid products throughout the Mississippi River System, the Gulf Intracoastal Waterway, coastwise along all three United States coasts and in Alaska and Hawaii. Kirby transports petrochemicals, black oil products, refined petroleum products and agricultural chemicals by tank barge. Through the diesel engine services segment, Kirby provides after-market service for medium-speed and high-speed diesel engines and reduction gears used in marine and power generation applications. Kirby also distributes and services high-speed diesel engines, transmissions, pumps, compression products and manufactures and remanufactures oilfield service equipment, including pressure pumping units, for the land-based pressure pumping and oilfield service markets.
1
Statements contained in this press release with respect to the future are forward-looking statements. These statements reflect management's reasonable judgment with respect to future events. Forward-looking statements involve risks and uncertainties. Actual results could differ materially from those anticipated as a result of various factors, including cyclical or other downturns in demand, significant pricing competition, unanticipated additions to industry capacity, changes in the Jones Act or in U.S. maritime policy and practice, fuel costs, interest rates, weather conditions, and timing, magnitude and number of acquisitions made by Kirby. Forward-looking statements are based on currently available information and Kirby assumes no obligation to update such statements. A list of additional risk factors can be found in Kirby's annual report on Form 10-K for the year ended December 31, 2011, filed with the Securities and Exchange Commission.
2
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"99",
".",
"1",
"KIRBY",
"CORPORATION",
"Contact",
":",
"Steve",
"Holcomb",
"713",
"-",
"435",
"-",
"1135",
"FOR",
"IMMEDIATE",
"RELEASE",
"KIRBY",
"CORPORATION",
"COMPLETES",
"THE",
"PURCHASE",
"OF",
"PENN",
"MARITIME",
"Houston",
",",
"Texas",
"(",
"December",
"14",
",",
"2012",
")",
"-",
"Kirby",
"Corporation",
"(",
"\"",
"Kirby",
"\"",
")",
"(",
"NYSE",
":",
"KEX",
")",
"announced",
"today",
"the",
"completion",
"of",
"the",
"acquisition",
"of",
"Penn",
"Maritime",
"Inc",
".",
"and",
"Maritime",
"Investments",
"LLC",
"(",
"\"",
"Penn",
"\"",
")",
",",
"an",
"operator",
"of",
"tank",
"barges",
"and",
"tugboats",
"participating",
"in",
"the",
"coastal",
"transportation",
"of",
"primarily",
"black",
"oil",
"products",
"in",
"the",
"United",
"States",
".",
"The",
"total",
"value",
"of",
"the",
"transaction",
"was",
"approximately",
"$",
"299 million",
"(",
"before",
"post",
"-",
"closing",
"adjustments",
"and",
"transaction",
"fees",
")",
",",
"consisting",
"of",
"$",
"146 million",
"of",
"cash",
",",
"$",
"29 million",
"through",
"the",
"issuance",
"of",
"500,000",
"shares",
"of",
"Kirby",
"common",
"stock",
"valued",
"at",
"$",
"58.16",
"per",
"share",
",",
"and",
"$",
"124 million",
"for",
"the",
"retirement",
"of",
"Penn",
"'s",
"debt",
".",
"The",
"cash",
"portion",
"of",
"the",
"consideration",
"and",
"retirement",
"of",
"Penn",
"'s",
"debt",
"were",
"financed",
"from",
"the",
"proceeds",
"of",
"a",
"new",
"issue",
"of",
"unsecured",
"senior",
"notes",
".",
"The",
"new",
"unsecured",
"senior",
"notes",
",",
"closed",
"on",
"December",
"13",
",",
"2012",
",",
"provide",
"for",
"$",
"500 million",
"in",
"fixed",
"rate",
"debt",
"with",
"$",
"150 million",
"at",
"a",
"7",
"-",
"year",
"maturity",
"at",
"2",
".",
"79",
"%",
"and",
"$",
"350 million",
"at",
"a",
"10",
"-",
"year",
"maturity",
"at",
"3",
".",
"34",
"%",
".",
"On",
"December",
"14",
",",
"2012",
",",
"$",
"275 million",
"of",
"the",
"unsecured",
"senior",
"notes",
"were",
"drawn",
"to",
"close",
"the",
"Penn",
"acquisition",
",",
"with",
"the",
"balance",
"to",
"be",
"drawn",
"in",
"February",
"2013",
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"to",
"replace",
"$",
"200 million",
"of",
"senior",
"notes",
"due",
"February",
"28",
",",
"2013",
".",
"Penn",
"'s",
"fleet",
",",
"comprised",
"of",
"18",
"double",
"-",
"hulled",
"tank",
"barges",
"with",
"a",
"capacity",
"of",
"1",
".",
"9",
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"barrels",
"and",
"16",
"tugboats",
",",
"operates",
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"East",
"Coast",
"and",
"Gulf",
"Coast",
"of",
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"United",
"States",
".",
"Penn",
"'s",
"tank",
"barge",
"fleet",
"has",
"an",
"average",
"age",
"of",
"approximately",
"13",
"years",
"with",
"a",
"product",
"mix",
"that",
"consists",
"primarily",
"of",
"refinery",
"feedstocks",
",",
"asphalt",
"and",
"crude",
"oil",
".",
"Penn",
"'s",
"customers",
"include",
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"companies",
"and",
"refiners",
",",
"nearly",
"all",
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"whom",
"are",
"current",
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"inland",
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"barge",
"services",
".",
"Kirby",
"Corporation",
",",
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"in",
"Houston",
",",
"Texas",
",",
"is",
"the",
"nation",
"'s",
"largest",
"domestic",
"tank",
"barge",
"operator",
",",
"transporting",
"bulk",
"liquid",
"products",
"throughout",
"the",
"Mississippi",
"River",
"System",
",",
"the",
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"Intracoastal",
"Waterway",
",",
"coastwise",
"along",
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"three",
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"in",
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"Hawaii",
".",
"Kirby",
"transports",
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",",
"black",
"oil",
"products",
",",
"refined",
"petroleum",
"products",
"and",
"agricultural",
"chemicals",
"by",
"tank",
"barge",
".",
"Through",
"the",
"diesel",
"engine",
"services",
"segment",
",",
"Kirby",
"provides",
"after",
"-",
"market",
"service",
"for",
"medium",
"-",
"speed",
"and",
"high",
"-",
"speed",
"diesel",
"engines",
"and",
"reduction",
"gears",
"used",
"in",
"marine",
"and",
"power",
"generation",
"applications",
".",
"Kirby",
"also",
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"and",
"services",
"high",
"-",
"speed",
"diesel",
"engines",
",",
"transmissions",
",",
"pumps",
",",
"compression",
"products",
"and",
"manufactures",
"and",
"remanufactures",
"oilfield",
"service",
"equipment",
",",
"including",
"pressure",
"pumping",
"units",
",",
"for",
"the",
"land",
"-",
"based",
"pressure",
"pumping",
"and",
"oilfield",
"service",
"markets",
".",
"1",
"Statements",
"contained",
"in",
"this",
"press",
"release",
"with",
"respect",
"to",
"the",
"future",
"are",
"forward",
"-",
"looking",
"statements",
".",
"These",
"statements",
"reflect",
"management",
"'s",
"reasonable",
"judgment",
"with",
"respect",
"to",
"future",
"events",
".",
"Forward",
"-",
"looking",
"statements",
"involve",
"risks",
"and",
"uncertainties",
".",
"Actual",
"results",
"could",
"differ",
"materially",
"from",
"those",
"anticipated",
"as",
"a",
"result",
"of",
"various",
"factors",
",",
"including",
"cyclical",
"or",
"other",
"downturns",
"in",
"demand",
",",
"significant",
"pricing",
"competition",
",",
"unanticipated",
"additions",
"to",
"industry",
"capacity",
",",
"changes",
"in",
"the",
"Jones",
"Act",
"or",
"in",
"U",
".",
"S",
".",
"maritime",
"policy",
"and",
"practice",
",",
"fuel",
"costs",
",",
"interest",
"rates",
",",
"weather",
"conditions",
",",
"and",
"timing",
",",
"magnitude",
"and",
"number",
"of",
"acquisitions",
"made",
"by",
"Kirby",
".",
"Forward",
"-",
"looking",
"statements",
"are",
"based",
"on",
"currently",
"available",
"information",
"and",
"Kirby",
"assumes",
"no",
"obligation",
"to",
"update",
"such",
"statements",
".",
"A",
"list",
"of",
"additional",
"risk",
"factors",
"can",
"be",
"found",
"in",
"Kirby",
"'s",
"annual",
"report",
"on",
"Form",
"10",
"-",
"K",
"for",
"the",
"year",
"ended",
"December",
"31",
",",
"2011",
",",
"filed",
"with",
"the",
"Securities",
"and",
"Exchange",
"Commission",
".",
"2"
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946815-000110465905009979-a05-4649_1ex99d1 | EX-99.1
3
a05-4649_1ex99d1.htm
EX-99.1
Exhibit
99.1
FOR IMMEDIATE RELEASE
Press Contact
Kyle Ritland
Public Relations Manager
T
800-258-6883, ext. 6352
E
[email protected]
W
www.eaw.com
Press Release
LOUD Technologies Announces the Acquisition of St. Louis
Music
Deal makes LOUD one of the world's largest
dedicated pro audio
and music products companies
March 7,
2005 - Woodinville, Wash.
- LOUD Technologies Inc.
announced today the acquisition of St. Louis Music Inc., a Missouri-based
manufacturer, distributor and importer of branded musical instruments and
professional audio products. As part of this acquisition, St. Louis Music will
become an indirect wholly owned subsidiary of LOUD Technologies Inc.
Founded in 1922 by the Kornblum family, St.
Louis Music's products include world-renowned Ampeg bass guitar amplifiers,
Crate amplifiers, Crate Audio sound reinforcement equipment, Alvarez guitars
and string instruments, and Knilling orchestral string instruments. In
addition, St. Louis Music is one of the largest distributors of music
accessories, offering retailers a complete line of branded accessory products.
"This acquisition demonstrates that Sun Capital
Partners, our principal shareholder, is committed to the expansion of our
portfolio into related markets", commented LOUD's CEO Jamie Engen. "St. Louis
Music has an impressive and well-respected family of brands that open up a
number of significant new opportunities for LOUD Technologies".
Engen continued, "Both companies share a strong
commitment to our customers and employees, as well as mutual respect for our
unique corporate heritage. By combining our collective resources under one
corporate umbrella-from technology and manufacturing, to engineering, product
development and marketing-we will work together to bring even more innovative
new products to our customers".
St. Louis Music's existing CEO Gene Kornblum
will remain in his current position and will report directly to LOUD
Technologies' CEO Jamie Engen.
Gene Kornblum commented, "What attracted me to
LOUD was their commitment to developing and nurturing
strong brand names like Mackie and EAW. Through our mutual commitment to
product design, creative marketing, as well as expansive sales and
manufacturing resources, LOUD and St. Louis Music are going to make great contributions
to the music industry".
Ted Kornblum,
who represents the third generation of St. Louis Music's founding family, will
assume the position of Senior Vice President of Marketing and Artist Relations
for St. Louis Music and will continue to manage these activities for the St.
Louis Music family of brands, as well as help expand artist relations programs
for the Mackie, TAPCO and EAW brands.
William
Blair & Company, L.L.C. acted as exclusive financial advisor to St. Louis
Music in the transaction.
More information can be found at
www.loudtechinc.com.
About St.
Louis Music
St.
Louis Music is an 82 year old family-owned manufacturer, distributor and
importer of branded musical instruments, accessories and equipment. The Company's
products include world-renowned Ampeg bass guitar amplifiers, Crate amplifiers,
Crate Audio sound reinforcement equipment, Alvarez guitars and string
instruments, and Knilling orchestral string instruments. In addition, St. Louis
Music is one of the largest distributors of branded music accessory products.
About LOUD
Technologies Inc.
LOUD Technologies Inc. develops professional
audio products under the brands Mackie, EAW, EAW Commercial, TAPCO, SIA
Software and Acuma Labs. Products from LOUD Technologies' brands can be found
in professional and project recording studios, video and broadcast suites, post
production facilities, sound reinforcement applications including churches and
nightclubs, retail locations and on major musical tours.
Mackie,
EAW, and TAPCO are registered trademarks of LOUD Technologies Inc. in the
United States and other countries.
All other trademarks are the property of their respective
owners.
Forward Looking Statements
Statements in this release that are "forward-looking
statements" are based on current expectations and assumptions that are subject
to risks and uncertainties. Actual results could differ materially because of
factors such as: market acceptance of new products; continued acceptance of
existing products; delays in product development and related product release
schedules; product price discounts; reliance on third party manufacturers and
reliance on sole or limited source suppliers for key components that could
result in component shortages and delays in product delivery, any of which may
cause revenues and income to fall short of anticipated levels; obsolete
inventory or product returns by distributors, resellers and retailers; warranty
and other claims on products; changes or delays in product shipments;
technological shifts; the availability of competitive products at lower prices;
the continued ability to protect the company's intellectual property rights;
changes in product mix; maturing product life cycles; product sale terms and
conditions; the financial condition of our customers and vendors; adverse
results in litigation; the effects of terrorist activity and armed conflict
such as disruptions in general economic activity and changes in our operations
and security arrangements; continued softness in retail spending or other changes
in general economic conditions that affect demand for our products; currency
fluctuations; and vigorous competition. For further information regarding
risks and uncertainties associated with LOUD's business, please refer to the "Management's
Discussion and Analysis of Results of Operations and Financial Condition"
section of LOUD's SEC filings, including, but not limited to, its annual report
on Form 10-K and quarterly reports on Form 10-Q, copies of which may be
obtained by contacting LOUD's investor relations department at 1-866-858-LTEC
(5832) or 425-892-6500, or on LOUD's website at
http://www.loudtechinc.com/invest/index.html.
All information in this release is as of
March 7, 2005. The company undertakes no duty to update any forward-looking
statement to conform the statement to actual results or changes in the company's
expectations.
For more
information please contact: LOUD Technologies Inc. - 16220 Wood-Red Road N.E. -
Woodinville, WA 98072 - Phone: (425) 487-4333 - Fax: (425) 487-4337 - Internet:
www.loudtechinc.com
###
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"\"",
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".",
"Engen",
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",",
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"\"",
".",
"St",
".",
"Louis",
"Music",
"'s",
"existing",
"CEO",
"Gene",
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"will",
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"brand",
"names",
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".",
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"commitment",
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"design",
",",
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"marketing",
",",
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"sales",
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",",
"LOUD",
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"Louis",
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"are",
"going",
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"\"",
".",
"Ted",
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"Louis",
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"Louis",
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"product",
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",",
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"-",
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"-",
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".",
"All",
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"March",
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",",
"2005",
".",
"The",
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"-",
"looking",
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"changes",
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"the",
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"'s",
"expectations",
".",
"For",
"more",
"information",
"please",
"contact",
":",
"LOUD",
"Technologies",
"Inc",
".",
"-",
"16220",
"Wood",
"-",
"Red",
"Road",
"N",
".",
"E",
".",
"-",
"Woodinville",
",",
"WA",
"98072",
"-",
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"425",
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"487",
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"4333",
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"Fax",
":",
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"O",
"O",
"O",
"O",
"O",
"O",
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] |
1316710-000129993305005033-exhibit1 | EX-99.1
2
exhibit1.htm
EX-99.1
EX-99.1
PRESS RELEASE
Columbia Equity Trust, Inc. [Logo]
1750 H Street, NW
Suite 500
Washington, D.C. 20006
Tel (202) 303 - 3080
________________________________________________
Columbia Equity Trust, Inc. Announces $35.0 Million Acquisition
Washington, D.C., September 29, 2005 - Columbia Equity Trust, Inc. (NYSE:COE) announced today
that it acquired Park Plaza II, an approximate 126,500 square foot, Class A office building in
North Rockville, Maryland for a purchase price of $35.0 million.
Constructed in 2001, Park Plaza II is one of the highest quality buildings in the North
Rockville/Shady Grove market, located approximately one-half mile from Interstate 270 and adjacent
to King Farm, a premier 430 acre mixed use development. The property is 100% leased to a roster of
quality tenants which include Institutional Shareholder Services (approximately 43%), SI
International (19%) and Opus East (16%). There is no significant lease roll-over for the next six
years. The property is being acquired subject to a ground lease with a remaining term, including
options, of 71 years.
The acquisition was funded 100% with proceeds raised through the Company's initial public
offering which closed on July 5, 2005. Park Plaza II is expected to generate a first-year net
operating income-to-purchase price return (cash basis) of approximately 7.4%. Park Plaza II was
acquired in a privately negotiated transaction.
About Columbia Equity Trust, Inc.
Columbia is a self-advised, self-managed Maryland corporation focused on the acquisition,
development, renovation, repositioning, ownership, management and operation of commercial office
properties located predominantly in the Greater Washington, D.C. area. For additional information
please visit our web site at http://www.columbiareit.com.
Forward Looking Statements
Certain statements in this release that are not historical fact may constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements involve known and unknown risks, uncertainties and other factors which
may cause the actual results of the Company to differ materially from historical results or from
any results expressed or implied by such forward-looking statements, including without limitation:
national and local economic, business, real estate and other market conditions; the competitive
environment in which the Company operates; the execution of its business plan; financing risks; the
Company's ability to maintain its status as a REIT for federal income tax purposes; acquisition and
development risks; potential environmental and other liabilities; and other factors affecting the
real estate industry generally or the office industry in particular. Although the Company believes
the expectations reflected in any forward-looking statements are based on reasonable assumptions,
it can give no assurance that its expectations will be attained. For a further discussion of these
and other factors that could impact the Company's future results, performance, achievements or
transactions, see the documents filed by the Company from time to time with the Securities and
Exchange Commission, and in particular the section titled, "Risk Factors" in the Company's
prospectus.
Contact
Columbia Equity Trust, Inc.
John Schissel
Chief Financial Officer
202-303-3080
| [
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1089748-000110465907057974-a07-20696_3ex99d1 | EX-99.1
2
a07-20696_3ex99d1.htm
EX-99.1
Exhibit 99.1
FOR
IMMEDIATE RELEASE
August
1, 2007
HUNTSMAN AND FLINT HILLS RESOURCES CLOSE ON SALE OF
U.S. POLYMERS BUSINESS
Sale of Port Arthur Base Chemicals Business to
Close upon Plant Restart
The Woodlands, Texas -
Peter R. Huntsman, President and CEO of
Huntsman Corporation (NYSE: HUN), today announced that Huntsman and Flint Hills
Resources, LP, an independent, wholly owned subsidiary of Koch Industries,
Inc., have closed on the sale of Huntsman's U.S. Polymers business. The parties will close on the sale of
Huntsman's remaining U.S. Base Chemicals business upon the restart of Huntsman's
Port Arthur, Texas, olefins manufacturing facility, commissioning of which is
expected to occur later this year.
Huntsman received approximately $350 million
at the closing, including the estimated value of associated inventory for its
U.S. Polymers business, which remains subject to a post-closing
adjustment. Huntsman will retain other
elements of working capital, including accounts receivables, accounts payable
and certain accrued liabilities, which will be liquidated for cash.
Included in the closing announced today are
Huntsman's manufacturing assets located at four U.S. sites: Odessa and Longview, Texas; Peru, Illinois;
and Marysville, Michigan. Huntsman's
amorphous polyalphaolefin (or APAO) products, which Flint Hills will
manufacture for Huntsman at the Odessa site under a long-term supply
arrangement, are not included in the sale.
"We are delighted to have closed on the sale
of our U.S. Polymers business and look forward to completing this strategic
divestiture by closing on the sale of our U.S. Base Chemicals business later
this year", said Peter Huntsman. "The
associates that have transferred to FHR today are among the finest in our
industry, and we are pleased they have joined another world class operator of
chemical assets".
"Today's acquisition is an important step for
Flint Hills Resources as we seek opportunities to leverage our capabilities,"
said Brad Razook, president and chief executive officer of Kansas-based Flint
Hills Resources, LP. "With the addition of these polymer production assets and
the talented, experienced workforce, we believe we are positioned to create
superior value for our customers and continue growing".
- END -
About Huntsman Corporation:
Huntsman is a global manufacturer and
marketer of differentiated chemicals.
Its operating companies manufacture products for a variety of global
industries, including chemicals, plastics, automotive, aviation, textiles,
footwear, paints and coatings, construction, technology, agriculture, health
care, detergent, personal care, furniture, appliances and packaging. Originally
known for pioneering innovations in packaging and, later, for rapid and
integrated growth in petrochemicals, Huntsman today
1
has 14,000 employees and over 75 operations
in 24 countries. The Company had 2006 revenues from all operations of over $13
billion.
Statements in this release
that are not historical are forward-looking statements. These statements are
based on management's current beliefs and expectations. The forward-looking
statements in this release are subject to uncertainty and changes in
circumstances and involve risks and uncertainties that may affect the company's
operations, markets, products, services, prices and other factors as discussed
in the Huntsman companies' filings with the U.S. Securities and Exchange
Commission. Significant risks and uncertainties may relate to, but are not
limited to, financial, economic, competitive, environmental, political, legal,
regulatory and technological factors.
In addition, the completion
of any transactions described in this release is subject to a number of
uncertainties and to negotiation and execution of definitive agreements among
the parties and closing will be subject to approvals and other customary
conditions. Accordingly, there can be no assurance that such transactions will
be completed or
that the company's expectations will be realized. The company assumes no
obligation to provide revisions to any forward-looking statements should
circumstances change, except as otherwise required by applicable laws.
Huntsman Contacts:
Media:
Russ
Stolle, tel: +1 281 719 6624
Investor
Relations:
John Heskett, tel: +1 801 584 5768
About Flint Hills Resources:
Flint Hills Resources, LP is a leading
producer of fuels, base oils for lubricants, and other petrochemical products,
based in Wichita, Kan. It owns
refineries in Alaska, Minnesota and Texas, a chemical intermediates plant near
Joliet, Ill., pipelines, and an interest in Excel Paralubes in Westlake,
La. The company produces pseudocumene at
its Corpus Christi, Texas, facility, as well as other building-block chemicals
such as metaxylene, orthoxylene, paraxylene, benzene, cumene and toluene. In Illinois, the company produces maleic
anhydride, trimellitic anhydride and purified isophthalic acid.
Flint Hills Resources became an independent,
wholly owned subsidiary of Koch Industries, Inc., in January, 2002 in order to
focus on growth opportunities. This
acquisition is a direct result of that business mandate, and adds to assets
acquired in 2003 and 2004.
Flint Hills Resources Contact:
Marc Palazzo, tel +1 316 828 7462
2
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".",
"-",
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1451512-000147793220000778-trtc_ex991 | EX-99.1
8
trtc_ex991.htm
PRESS RELEASE
trtc_ex991.htm
EXHIBIT 99.1
Terra Tech and OneQor Announce Successful Completion of Merger
Company announces plans to change name to Onyx Group Holdings
New entity will operate as a holding company focusing on multiple cannabinoid verticals
Irvine, CA; Phoenix, AZ - February 18, 2020
Terra Tech Corp. ("Terra Tech") (OTCQX: TRTC), a vertically integrated, cannabis-focused agriculture company, and OneQor Pharmaceutical ("OneQor"), a privately held over-the-counter (OTC) pharmaceutical company focused on developing, patenting, and delivering proprietary, plant-derived formulations in order to provide consumers with safer, more effective OTC solutions, today announced that the two companies have closed the previously announced merger pursuant to which OneQor merged with a wholly owned subsidiary of Terra Tech in an all-stock transaction (the "Merger").
Immediately prior to closing the Merger, the parties entered into an amendment to the Merger Agreement pursuant to which pre-merger Terra Tech shareholders will own approximately 79% of the combined company and OneQor shareholders and holders of certain OneQor Simple Agreements for Future Equity ("SAFEs") will own approximately 21% of the combined company. The amendment also provides that in connection with the terms of certain other OneQor SAFEs (the "SAFE 2s"), such SAFE 2s will convert into shares of Terra Tech common stock on the first trading day after the Merger at the dollar volume-weighted average price per share of Terra Tech common stock on the day prior to the Merger and the issuance of such shares of Terra Tech common stock will dilute both Terra Tech shareholders and OneQor shareholders prior to the Merger. Upon conversion of the SAFE 2s, Terra Tech shareholders prior to the Merger will own in the aggregate approximately 73.9% of the combined company, OneQor shareholders and certain SAFE holders prior to the Merger will own in the aggregate approximately 19.7% of the combined company, and the SAFE 2 holders will own in the aggregate approximately 6.2% of the combined company.
In connection with the Merger, the combined company announced plans to change its name to Onyx Group Holdings ("Onyx") and expects to trade on the OTC Market under a new ticker symbol to be announced in the near future.
Management and Organization
The combined company will focus on both emerging cannabinoid-based pharmaceutical development opportunities as well as the continued expansion of its portfolio of THC assets. The company will have three main business verticals: Terra Tech's THC assets and cannabinoid-based products and research and development, harnessing Terra Tech's brand recognition in the cannabis market and OneQor's pharmaceutical infrastructure.
At closing, Matthew Morgan, OneQor CEO, has been appointed as the CEO of the combined company and has joined the Terra Tech Board of Directors, with Terra Tech CEO Derek Peterson remaining on the Board as Chairman. The combined company's Board of Directors has five members, consisting of four members of Terra Tech's current Board of Directors and Mr. Morgan.
"I am excited to bring in Matt to lead the Company as it enters this next stage of its evolution. Matt was one of the early adopters in the cannabis market and emerged to become a significant cannabis entrepreneur. His track record as a strong operator, which includes running some of the most successful dispensaries and co-founding Ignite Cannabis Co., speaks for itself", said Mr. Peterson. "With Matt at the helm of Onyx, I am confident that we have a major opportunity to grow our presence in multiple cannabinoid verticals and to build value for shareholders".
Mr. Peterson continued, "The revised deal structure is based upon a change in market conditions that saves Terra Tech shareholders significant dilution. We are confident that this revised agreement will deliver greater value to our shareholders and better position the company to be a leader in the growing cannabis and CBD markets, as well as the cannabinoid research and development space".
Mr. Morgan commented, "Reorganizing the company as Onyx Group Holdings gives us the flexibility we need to invest in high growth, cannabinoid-focused opportunities to maximize shareholder value. Onyx will have three verticals initially, consisting of Terra Tech's THC assets, OneQor's alternative cannabinoid products and a research arm. I've had this vision of a cannabinoid-centric holding company for many years. Now, with this new structure, we can realize that vision and position ourselves to leverage opportunities in healthcare, pharmaceuticals, consumer brands, startups, minority investments and beyond. I couldn't be more excited to spearhead this endeavor for all our shareholders and drive maximum value for years to come".
The company is forming a Scientific Advisory Board to spearhead the research and development component of the company. Additionally, the company will be supported by a mix of current management and accounting executives. The company is expected to have operations in both Phoenix, Arizona, and Irvine, California.
1
About Terra Tech
Terra Tech Corp. (OTCQX:TRTC) operates through multiple subsidiary businesses including: Blüm, IVXX Inc., Edible Garden, and MediFarm LLC. Blüm's retail and medical cannabis facilities provide the highest quality medical cannabis to patients who are looking for alternative treatments for their chronic medical conditions as well as premium cannabis to the adult-use market in Nevada and California. Blüm offers a broad selection of cannabis products including; flowers, concentrates and edibles through its multiple California and Nevada locations. IVXX, Inc. is a wholly owned subsidiary of Terra Tech that produces cannabis-extracted products for regulated cannabis dispensaries throughout California and dispensaries in Nevada. The Company's wholly owned subsidiary, Edible Garden, cultivates a premier brand of local and sustainably grown hydroponic produce, sold through major grocery stores such as ShopRite, Walmart, Ahold, Aldi, Meijer, Kroger, Stop & Shop and others nationwide. Terra Tech's MediFarm LLC subsidiaries are focused on medical and adult-use cannabis cultivation and permitting businesses throughout Nevada.
About OneQor Pharmaceutical
OneQor is an innovative, cannabinoid-focused pharmaceutical company, concentrating on the development, manufacturing, and delivery of patented, proprietary OTC products to established suppliers and consumer brands. OneQor presently has a number of ongoing case studies utilizing CBD as well as other Cannabinoids and is in the planning stages of subsequent studies targeting opioid cessation, sleep disturbances, chronic pain, and inflammation. OneQor has also filed patent applications covering a wide scope of technical and clinical innovations. All OneQor products are/will be manufactured in a facility that is FDA-approved for OTC drugs. Lastly, OneQor is currently in late-stage talks with established national retail chains to formulate and supply them with their private-label topical cannabinoid-based wellness products.
Cautionary Statement Regarding Forward-Looking Statements
Certain statements contained in this communication regarding matters that are not historical facts, are forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, known as the PSLRA. These include statements regarding management's intentions, plans, beliefs, expectations or forecasts for the future, and, therefore, you are cautioned not to place undue reliance on them. No forward-looking statement can be guaranteed, and actual results may differ materially from those projected. Terra Tech undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise, except to the extent required by law. We use words such as "anticipates", "believes", "plans", "expects", "projects", "future", "intends", "may", "will", "should", "could", "estimates", "predicts", "potential", "continue", "guidance", and similar expressions to identify these forward-looking statements that are intended to be covered by the safe-harbor provisions of the PSLRA. Such forward-looking statements are based on our expectations and involve risks and uncertainties; consequently, actual results may differ materially from those expressed or implied in the statements due to a number of factors.
New factors emerge from time to time and it is not possible for us to predict all such factors, nor can we assess the impact of each such factor on the business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. These risks, as well as other risks associated with the combination, will be more fully discussed in our reports with the SEC. Additional risks and uncertainties are identified and discussed in the "Risk Factors" section of Terra Tech's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other documents filed from time to time with the SEC. Forward-looking statements included in this release are based on information available to Terra Tech as of the date of this release. Terra Tech undertakes no obligation to update such forward-looking statements to reflect events or circumstances after the date of this release.
Contact
Rae Johnson
(602) 373-4445
[email protected]
Philip Carlson
KCSA Strategic Communications
[email protected]
(212) 896-1238
2
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"\"",
"section",
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"Tech",
"'s",
"Annual",
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"10",
"-",
"K",
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"Reports",
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"-",
"Q",
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"Tech",
"as",
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"the",
"date",
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"no",
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"Contact",
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"Johnson",
"(",
"602",
")",
"373",
"-",
"4445",
"[email protected]",
"Philip",
"Carlson",
"KCSA",
"Strategic",
"Communications",
"[email protected]",
"(",
"212",
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"896",
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"1238",
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1556593-000114036119017701-ex99_1 | EX-99.1
2
ex99_1.htm
EXHIBIT 99.1
Exhibit 99.1
New Residential Investment Corp. Completes Acquisition of Select Assets from Ditech Holding Corporation
NEW YORK- (BUSINESS WIRE) - October 2, 2019 - New Residential Investment Corp. (NYSE: NRZ, "New Residential", the "Company"), a leading provider of
capital and services to the mortgage and financial services industries, announced today that it has completed its acquisition of select assets from Ditech Holding Corporation and Ditech Financial LLC (collectively "Ditech").
"We have spent the last number of months preparing for the close of this acquisition and structuring a robust transition plan", said Michael
Nierenberg, Chairman, Chief Executive Officer and President of New Residential. "We are excited to execute on our plan and see tremendous potential for creating value across our business".
The approximate purchase price at the closing is $1.2 billion. New Residential is financing the
acquisition of these assets with financing facilities and cash on hand.
As previously announced,
New Residential will purchase Ditech's
forward Fannie Mae, Ginnie Mae and non-agency mortgage servicing rights ("MSRs"), with an aggregate unpaid principal balance of approximately $62 billion as of August 31, 2019, the servicer advance receivables relating to such MSRs and other assets
core to the forward origination and servicing businesses. Additionally, New Residential will assume certain Ditech office spaces and add approximately 1,100 Ditech employees to support the increase in volume to its existing origination and
servicing operations.
ABOUT NEW RESIDENTIAL
New Residential is a leading provider of capital and services to the mortgage and financial services industries. With approximately $37 billion in
assets as of June 30, 2019, New Residential has built a diversified, hard-to-replicate portfolio with high-quality investment strategies that have generated returns across different interest rate environments. New Residential's investment portfolio
includes mortgage servicing related assets, non-agency securities (and associated call rights), residential loans and other related opportunistic investments. Since inception in 2013, New Residential has a proven track record of performance, growing
and protecting the value of its assets while generating attractive risk-adjusted returns and delivering almost $3 billion in dividends to shareholders. Following the acquisition of Shellpoint Partners LLC ("Shellpoint") in 2018, New Residential also
benefits from Shellpoint's origination and third-party servicing platform, as well as a suite of ancillary businesses, including title insurance, appraisal management, property management and other real estate services. New Residential is organized
and conducts its operations to qualify as a real estate investment trust for federal income tax purposes. New Residential is managed by an affiliate of Fortress Investment Group LLC, a global investment management firm, and headquartered in New York
City.
ABOUT DITECH
Ditech is an independent servicer and originator of mortgage loans and servicer of reverse mortgage loans. Based in Fort Washington, Pennsylvania,
Ditech services a diverse loan portfolio. For more information about Ditech, please visit Ditech website at www.ditechholding.com. The information on Ditech website is not a part of this release.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Certain information in this press release constitutes as "forward-looking statements" within the meaning of the Private Securities Litigation Reform
Act of 1995, including, but not limited to, the risks relating to the acquisition, including in respect of
the satisfaction of closing conditions and the timing
thereof; unanticipated difficulties financing the acquisition; unexpected challenges related to the integration of the Ditech's businesses and operations; changes in general economic and/or industry specific conditions; difficulties in obtaining
governmental and other third party consents in connection with the acquisition; unanticipated expenditures relating to or liabilities arising from the acquisition or the acquired businesses; Ditech's ability to service MSRs pursuant to agreements
entered into in connection with the acquisition; uncertainties as to the timing of the acquisition; litigation or regulatory issues relating to the acquisition, Ditech, the Company or the acquired businesses; the impact of the acquisition on
relationships with, and potential difficulties retaining, employees, customers and other third parties; and the inability to obtain, or delays in obtaining, expected benefits from the acquisition.
These statements are not historical facts.
They represent management's current expectations regarding future events and are subject to a number of trends and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those described in the
forward-looking statements. Accordingly, you should not place undue reliance on any forward-looking statements contained herein. For a discussion of some of the risks and important factors that could affect such forward-looking statements, see the
sections entitled "Cautionary Statements Regarding Forward Looking Statements", "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in New Residential's annual and quarterly reports and other
filings filed with the U.S. Securities and Exchange Commission, which are available on New Residential's website (www.newresi.com). New risks and uncertainties emerge from time to time, and it is not possible for New Residential to predict or assess
the impact of every factor that may cause its actual results to differ from those contained in any forward-looking statements. Forward-looking statements contained herein speak only as of the date of this press release, and New Residential expressly
disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in New Residential's expectations with regard thereto or change in events, conditions or circumstances on
which any statement is based.
New Residential Investor Relations
Kaitlyn Mauritz
212-479-3150
[email protected]
| [
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1046859-000119312505057209-dex991 | EX-99.1
2
dex991.htm
PRESS RELEASE
Press Release
Exhibit 99.1
News: For Immediate Release
March 22, 2005
Contact:
John Pyzik
765-778-6607
Remy International
completes acquisition of Unit Parts Company
Anderson,
Indiana (USA)
… Remy International, Inc., today announced that it has completed its acquisition of the assets of Unit Parts Company (UPC), based in Oklahoma City.
Unit Parts is a major supplier to the automotive aftermarket for new and remanufactured starters and alternators, offering
custom branding, packaging and logistics solutions as well as complete engineering and support services. "The combination with UPC cements our number-one position in the electrical aftermarket and strengthens our financial outlook. This
acquisition is a "Win-Win" for Remy and UPC", said Remy International President and CEO, Thomas J. Snyder.
As previously announced, UPC will remain headquartered in Oklahoma City and operate as a division of Remy's Electrical Aftermarket.
Remy International, Inc., headquartered in Anderson, Indiana, is a leading
manufacturer, remanufacturer and distributor of Delco Remy brand heavy duty systems and Remy brand starters and alternators, diesel engines and hybrid power technology. The company also provides a worldwide, components core-exchange service for
automobiles, light trucks, medium and heavy-duty trucks and other heavy-duty, off-road and industrial applications. Remy was formed in 1994 as a partial divestiture by General Motors Corporation of the former Delco Remy Division, which traces its
roots to Remy Electric, founded in 1896. More information is available at the company's website:
http://www.remyinc.com
-more-
Cautionary Note Regarding Forward-Looking Statements
Except for historical information, all other information in this press
release consists of forward-looking statements within the meaning of the federal securities laws. These statements relate to the Company's future plans, objectives, expectations and intentions and may be identified by words like
"believe", "expect", "may", "will", "should", "seek", or "anticipate", and similar expressions. These forward-looking statements involve a number of risks, uncertainties and other
factors, which may cause the actual results to be materially different from those expressed or implied in the forward-looking statements. Important factors that could cause the statements made in this press release to differ are discussed in the
Company's Form 10-K Annual Report for the year ended December 31, 2003 and in subsequent filings.
# # #
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"O",
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1079990-000120445907000383-epod0328exh991 | EX-99.1
3
epod0328exh991.htm
PRESS RELEASE DATED MARCH 22, 2007
EPOD International Inc. - Exhibit 99.1 - Prepared By TNT Filings Inc.
EPOD Increases Net Asset Value By approx $13.5 Million Through The
Acquisition of Mill Creek Developments LTD.
Wednesday March 28, 3:00 pm ET
RENO, NV -- Mar 28, 2007 -- EPOD International
Inc. (the "Company", "EPOD") (OTC BB:EPOI.OB - News) (Frankfurt:EDU.F - News), a
Grid-Integrated, eco-power utility and electric power systems provider,
announces the Acquisition of Mill Creek Developments Ltd. a British
Columbia-based commercial real-estate development firm with a net asset value of
approximately $24 million dollars US.
On March 27, 2007. the Company signed a Share Purchase/Sale
Agreement with Rene Dureault, sole shareholder of 100 percent of the shares of
Mill Creek Developments Ltd., pursuant to which the Company has indicated its
intention to purchase all of the issued and outstanding shares of Mill Creek
Developments Ltd., located in Kelowna, British Columbia.
Under the terms of the Agreement, the Company shall acquire
all of the shares of Mill Creek Developments Ltd. from Mr. Dureault, in
consideration of approximately $10,500,000 US and 24,000,000 shares of the
Company to be paid as follows:
(a) By delivery of 24,000,000 shares of the Company.
(b) A total of 10.3 million US in cash payable by Dec 2008
(c) $517,000 US on signing of the agreement.
"We are very pleased with this acquisition as it will bring
the necessary capital to execute on our business strategy of constructing and
installing multiple one megawatt turn-key solar power systems for the Ontario,
Canada market", says Mark Roseborough, President and CEO of the Company.
L. Mark Roseborough
President and CEO
EPOD International Inc.
"Safe Harbor" statement under the Private Securities
Litigation Reform Act of 1995: Statements about EPOD's future expectations,
including future revenue, earnings, and transactions, as well as all other
statements in this press release other than historical facts are
"forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995. EPOD intends that such forward-looking statements
be subject to the safe harbors created thereby. These statements involve risks
and uncertainties that are detailed from time to time in the Company's filings
with the Securities and Exchange Commission, including, but not limited to, the
Company's 10-KSB for year ended December 31, 2005 filed on or about April 17,
2006, and incorporated herein by reference.
About EPOD: EPOD is a Grid-Integrated, eco-power utility and
electric power systems provider. The Company's operations include the
engineering and construction of turn-key factories for solar panel production
and material handling systems. Additionally, the Company has subsidiaries
involved in the manufacturing of inverters, rectifiers, energy management
systems, and solar panels.
The Company's filings, including current financial reports, can be accessed
through the EDGAR database at www.sec.gov.
For more information please contact:
Mark Roseborough
Telephone: (250) 807-2211
Fax: (250) 491-4279
| [
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".",
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"4279"
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"O",
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1042046-000114036121019624-brhc10025373_ex99-1 | EX-99.1
2
brhc10025373_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
American Financial Group, Inc. Announces Closing of the Sale of its Annuity Businesses and Declares Special Dividend
CINCINNATI - May 28, 2021 - American Financial Group, Inc. (NYSE: AFG) announced today the closing of the sale of its Annuity businesses, consisting of Great
American Life Insurance Company (GALIC) and its two insurance subsidiaries, Annuity Investors Life Insurance Company and Manhattan National Life Insurance Company, as well as a broker-dealer affiliate, Great American Advisors, Inc., and insurance
distributor, AAG Insurance Agency, Inc. to Massachusetts Mutual Life Insurance Company (MassMutual). Total after-tax cash proceeds from the sale are approximately $3.5 billion.
In connection with the closing of this transaction, the Company has declared a special, one-time cash dividend of $14.00 per share of American Financial Group
Common Stock. The dividend is payable on June 15, 2021 to holders of record on June 8, 2021. The aggregate amount of the payment to be made in connection with this special dividend will be approximately $1.2 billion. This special dividend is in
addition to the Company's regular quarterly cash dividend of $0.50 per share that was last paid on April 26, 2021.
In addition, on May 19, 2021, the Company's Board of Directors authorized the repurchase of up to an additional 5,000,000 shares of
the Company's outstanding common stock through December 31, 2025.
AFG Co-CEOs Carl H. Lindner III and S. Craig Lindner stated: "The disposition of our annuity business sharpens our focus exclusively on the Specialty P&C
market and generates substantial excess capital for AFG. Returning excess capital to shareholders in the form of this $14.00 special dividend is a key component of AFG's capital management strategy; it reflects our strong financial position and our
confidence in the Company's financial future. Our excess capital remains at a significant level, which affords us the financial flexibility to make opportunistic repurchases, pay additional dividends, grow our Specialty P&C business organically
and through acquisitions and start-ups that meet our target return thresholds".
Skadden, Arps, Slate, Meagher & Flom LLP and Keating Muething & Klekamp PLL served as legal counsel to AFG for the annuity transaction. Debevoise &
Plimpton LLP served as legal counsel to MassMutual.
About American Financial Group, Inc.
American Financial Group is an insurance holding company, based in Cincinnati, Ohio. Through the operations of Great American Insurance Group, AFG is engaged
primarily in property and casualty insurance, focusing on specialized commercial products for businesses. Great American Insurance Group's roots go back to 1872 with the founding of its flagship company, Great American Insurance Company.
About MassMutual
MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyowners. Founded in 1851, the company
has been continually guided by one consistent purpose: we help people secure their future and protect the ones they love. With a focus on delivering long-term value, MassMutual offers a wide range of protection, accumulation, wealth management and
retirement products and services. For more information, visit massmutual.com.
Page 1
Forward Looking Statements
This press release contains certain statements that may be deemed to be "forward-looking statements" within the meaning of Section 27A of the Securities Act of
1933 and Section 21E of the Securities Exchange Act of 1934. All statements in this press release not dealing with historical results are forward-looking and are based on estimates, assumptions and projections. Examples of such forward-looking
statements include statements relating to: the Company's expectations concerning market and other conditions and their effect on future premiums, revenues, earnings, investment activities and the amount and timing of share repurchases; recoverability
of asset values; expected losses and the adequacy of reserves for asbestos, environmental pollution and mass tort claims; rate changes; and improved loss experience.
Actual results and/or financial condition could differ materially from those contained in or implied by such forward-looking statements for a variety of
reasons including, but not limited to: changes in financial, political and economic conditions, including changes in interest and inflation rates, currency fluctuations and extended economic recessions or expansions in the U.S. and/or abroad;
performance of securities markets; new legislation or declines in credit quality or credit ratings that could have a material impact on the valuation of securities in AFG's investment portfolio; the availability of capital; changes in insurance law
or regulation, including changes in statutory accounting rules, including modifications to capital requirements; the effects of the COVID-19 outbreak, including the effects on the international and national economy and credit markets, legislative or
regulatory developments affecting the insurance industry, quarantines or other travel or health-related restrictions; changes in the legal environment affecting AFG or its customers; tax law and accounting changes; levels of natural catastrophes and
severe weather, terrorist activities (including any nuclear, biological, chemical or radiological events), incidents of war or losses resulting from pandemics, civil unrest and other major losses; disruption caused by cyber-attacks or other
technology breaches or failures by AFG or its business partners and service providers, which could negatively impact AFG's business and/or expose AFG to litigation; development of insurance loss reserves and establishment of other reserves,
particularly with respect to amounts associated with asbestos and environmental claims; availability of reinsurance and ability of reinsurers to pay their obligations; competitive pressures; the ability to obtain adequate rates and policy terms;
changes in AFG's credit ratings or the financial strength ratings assigned by major ratings agencies to AFG's operating subsidiaries; the impact of the conditions in the international financial markets and the global economy relating to AFG's
international operations; and other factors identified in AFG's filings with the Securities and Exchange Commission.
The forward-looking statements herein are made only as of the date of this press release. The Company assumes no obligation to publicly update any
forward-looking statements.
Contact:
Diane P. Weidner, IRC
Vice President - Investor & Media Relations
(513) 369-5713
Websites:
www.AFGinc.com
www.GreatAmericanInsuranceGroup.com
# # #
AFG2021-15
Page 2
| [
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"Page",
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"Forward",
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"certain",
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"forward",
"-",
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"Act",
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"Exchange",
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",",
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".",
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"-",
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".",
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"-",
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".",
"Contact",
":",
"Diane",
"P",
".",
"Weidner",
",",
"IRC",
"Vice",
"President",
"-",
"Investor",
"&",
"Media",
"Relations",
"(",
"513",
")",
"369",
"-",
"5713",
"Websites",
":",
"www.AFGinc.com",
"www.GreatAmericanInsuranceGroup.com",
"#",
"#",
"#",
"AFG2021",
"-",
"15",
"Page",
"2"
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202058-000129993305005571-exhibit1 | EX-99.1
2
exhibit1.htm
EX-99.1
EX-99.1
Exhibit 99.1
Harris Corporation Completes Acquisition of Leitch Technology
Positions the company to lead the broadcast industry's transition
to high-definition digital services
MELBOURNE, Florida, and TORONTO, Ontario Oct. 25, 2005 -
Harris Corporation (NYSE: HRS) and Leitch
Technology Corporation (TSX: LTV) announced today that Harris has completed its previously
announced acquisition of Leitch following approval by Leitch shareholders and Court approval of the
transaction. Leitch shareholders approved the acquisition by Harris of all of the outstanding
common shares of the Toronto-based company for a cash price of C$14.00 per share. Total cash
consideration paid by Harris, net of Leitch's cash on hand, was approximately US$450 million.
"The addition of Leitch's talented workforce, complementary product portfolio and customer base
helps establish Harris as the partner of choice for broadcasters upgrading their equipment and
software systems to operate in a digital environment", said Howard Lance, chairman, president and
CEO of Harris. "No other company offers the breadth of products that span the entire digital media
content delivery chain. This acquisition enables Harris to further expand into larger,
faster-growing broadcast markets, and we're delighted that Tim Thorsteinson and his leadership team
will remain with the company and continue to build on Leitch's success as a business unit within
our Broadcast Communications Division".
"As part of the Harris Broadcast Communications business, Leitch will continue to provide the
products that allow the broadcaster to transition to high definition digital services but with the
added resources and global scale of one of the world's leading broadcast hardware and software
suppliers", said Leitch President and CEO Tim Thorsteinson. "We look forward to building on our
success and maximizing our value to customers as a combined company".
Leitch shareholders should refer to Leitch's management information circular dated September 16,
2005 for information regarding receipt of the payment of C$14.00 per share for their Leitch shares.
All of Leitch's products - including routers and distribution equipment, signal processing, signal
management and monitoring, servers and storage area networks, branding software and post-production
editing systems - will be added to the Harris broadcast product portfolio. This combined portfolio
serves every segment of the increasingly complex supply chain that brings digital audio, video, and
data content to consumers. Leitch currently serves approximately 3,000 television service
providers in 100 countries.
Harris Broadcast Communications Division is the worldwide leader in providing digital broadcast
technology solutions for global broadcast media markets, including television and radio
transmission systems, networking solutions and enterprise-wide software and media management
systems.
Harris Corporation is an international communications and information technology company serving
government and commercial markets in more than 150 countries. With headquarters in Melbourne,
Florida, the company has annual sales of over $3 billion and has 12,600 employees - including 5,500
engineers and scientists - dedicated to the development of best-in-class
assured communications
™
products, systems, and services. The company's operating divisions serve markets for government
communications, RF communications, broadcast communications, and microwave communications.
Additional information about Harris Corporation is available at
www.harris.com
.
An industry leader for more than 30 years, Leitch provides high-performance, multi-format solutions
for professional digital video. Through its two business segments - Digital Media and
Infrastructure - Leitch offers standard-definition/high-definition (SD/HD) products and systems
that enable media companies to streamline workflow from production through transmission. Leitch
offers a comprehensive, award-winning portfolio of processors, routers, servers, graphics and
editing solutions, master control and branding systems, digital signage, network monitoring and
control software, and test and measurement instruments, along with premium customer support.
Additional information about Leitch Technology Corporation is available at
www.leitch.com
.
# # #
Forward-Looking Statement
Statements in this press release that are not historical facts are forward-looking statements
that reflect management's current expectations, assumptions, and estimates of future performance
and economic conditions. Such statements are made in reliance upon the safe harbor provisions of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
Forward-looking statements in this release include but are not limited to the anticipated benefits
to the Company related to the acquisition of Leitch. The Company cautions investors that any
forward-looking statements are subject to risks and uncertainties that may cause actual results and
future trends to differ materially from those matters expressed in or implied by such
forward-looking statements. The Company's consolidated results and the forward-looking statements
could be affected by many factors, including but not limited to: our participation in markets that
are often subject to uncertain economic conditions which makes it difficult to estimate growth in
our markets and, as a result, future income and expenditures; our dependence on the U.S. government
for a significant portion of our revenues, as the loss of this relationship or a shift in U.S.
government funding could have adverse consequences on our future business; potential changes in
U.S. government or customer priorities due to program reviews or revisions to strategic objectives,
including termination of or potential failure to fund U.S. government contracts; risks inherent
with large long-term fixed-price contracts, particularly the ability to contain cost overruns; the
performance of critical subcontractors or suppliers; financial and government and regulatory risks
relating to international sales and operations, including fluctuations in foreign currency exchange
rates and the effectiveness of our currency hedging program; our ability to continue to develop new
products that achieve market acceptance; the consequences of future geo-political events, which may
affect adversely the markets in which we operate, our ability to insure against risks, our
operations or our profitability; strategic acquisitions and the risks and uncertainties related
thereto, including our ability to manage and integrate acquired businesses; potential claims that
we are infringing the intellectual property rights of third parties; the successful resolution of
patent infringement claims and the ultimate outcome of other contingencies, litigation and legal
matters; customer credit risk; the fair values of our portfolio of passive investments, which
values are subject to significant price volatility or erosion; risks inherent in developing new
technologies; the potential impact of hurricanes on our operations in Florida and the potential
impact of earthquakes on our operations in California; the ability to recruit and retain qualified
personnel; and general economic conditions in the markets in which we operate. Further information
relating to factors that may impact the Company's results and forward-looking statements are
disclosed in the Company's filings with the SEC. Harris disclaims any intention or obligation,
except as imposed by law, to update or revise any forward-looking statements, whether as a result
of new information, future events, or otherwise.
# # #
Investor Relations inquiries:
Pamela Padgett at 321-727-9383, or
[email protected]
David Toews at 416-445-9640, or
[email protected]
Media Inquiries
: Brent Dietz at 321-724-3554, or [email protected]
Laura Whitaker at 408-782-1201, or
[email protected]
For additional information, contact Harris Corporation at
[email protected]
.
| [
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"Further",
"information",
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"#",
"#",
"#",
"Investor",
"Relations",
"inquiries",
":",
"Pamela",
"Padgett",
"at",
"321",
"-",
"727",
"-",
"9383",
",",
"or",
"[email protected]",
"David",
"Toews",
"at",
"416",
"-",
"445",
"-",
"9640",
",",
"or",
"[email protected]",
"Media",
"Inquiries",
":",
"Brent",
"Dietz",
"at",
"321",
"-",
"724",
"-",
"3554",
",",
"or",
"[email protected]",
"Laura",
"Whitaker",
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"408",
"-",
"782",
"-",
"1201",
",",
"or",
"[email protected]",
"For",
"additional",
"information",
",",
"contact",
"Harris",
"Corporation",
"at",
"[email protected]",
"."
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1568832-000114420414037124-v381235_ex99-1 | EX-99.1
3
v381235_ex99-1.htm
EXHIBIT 99.1
FOR IMMEDIATE RELEASE
RCS Capital Corporation Completes Acquisition
of Summit Financial Services Group
Transaction Further Expands RCAP's
Retail Investment Advice Platform,
Second Largest Network of Independent
Financial Advisors in America
NEW YORK, NY, June 11, 2014 -
RCS
Capital Corporation
("RCAP") (NYSE: RCAP), announced today that it has closed its previously announced
acquisition of Summit Financial Group, Inc. ("Summit") (OTC: SFNS), an independent broker-dealer headquartered in
Boca Raton, Florida.
The transaction adds approximately 324
financial advisors in the southeast to RCAP's existing network of over 6,600 independent financial advisors. These additional
financial advisors provide securities brokerage and investment advice in 238 branch offices across the United States. The deal
further supports the company's vision of providing customized financial solutions that help retail investors achieve their
overall investment and retirement goals through access to a full spectrum of advice, service and innovative investment solutions.
"We are pleased to have completed
the acquisition of Summit and welcome the company as the newest member of our retail advice platform", said Lawrence Roth,
Chief Executive Officer of RCAP's retail advice platform, Cetera Financial Group. "Summit's proven record of
success in providing a broad range of securities brokerage and advisory services to retail investors will directly complement our
growing retail advice business, while strengthening RCAP's broader portfolio of best-in-class investment solutions for the
mass affluent retail investor. As we continue to redefine the conventional retail investing process, Summit, as an important member
of our retail advice platform, will allow us to significantly expand our products and services to those investors seeking durable
income oriented, interest rate sensitive products, which also seek to furnish capital preservation".
Marshall Leeds, Chief Executive Officer of Summit, added, "We are excited to join RCAP and the Cetera
Financial Group family of broker-dealers and for the opportunities that this relationship presents to our financial advisors and
their clients".
RCS Capital, the investment banking and
capital markets division of Realty Capital Securities, LLC, acted as the financial advisor to RCAP.
About RCAP
RCS Capital Corporation (NYSE: RCAP) is
an investment firm expressly focused on the retail investor. RCAP is engaged in the wholesale distribution, investment banking
and capital markets businesses, and a research business focused on alternative investments. RCAP also will be engaged in the retail
advice and investment management business upon closing of pending acquisitions of independent broker-dealers, including Cetera,
and an investment manager. RCAP's business is designed to capitalize, support, grow and manage direct investment and alternative
investment programs, and to serve independent financial advisors and their clients. Additional information about RCAP can be found
on its website at
www.rcscapital.com
. RCAP may disseminate information about itself, including
the results of its operations and financial information, via social media platforms such as Facebook, LinkedIn and Twitter.
About Summit
Summit is a Florida-based financial services
holding company that provides, through its operating subsidiary, Summit Brokerage Services, Inc. ("Summit Brokerage"),
a broad range of securities brokerage and investment services to primarily individual investors. Summit Brokerage also sells insurance
products, predominantly fixed and variable annuities and life insurance through its subsidiary, SBS Insurance Agency of Florida.
Summit Brokerage also provides asset management services through its investment advisor, Summit Financial Group, Inc.
Important Notice
The statement in this press release include
statements regarding the intent, belief or current expectations of RCAP and members of our management team, as well as the assumptions
on which such statements are based, and generally are identified by the use of words such as "may", "will,"
"seeks", "anticipates", "believes", "estimates", "expects", "plans,"
"intends", "should", "look forward" or similar expressions. Actual results may differ materially
from those contemplated by such forward-looking statements due to certain factors, including our ability to consummate our pending
acquisitions of businesses other than Cetera. Additional factors that may affect future results are contained in RCAP's filings
with the SEC, which are available at the SEC's website at www.sec.gov. Further, forward-looking statements speak only as of the
date they are made, and we undertake no obligation to update or revise forward-looking statements to reflect changed assumptions,
the occurrence of unanticipated events or changes to future operating results over time, unless required by law.
Investor Inquiries:
Anthony J. DeFazio
SVP of Public Relations
DDCwork
[email protected]
(484) 342-3600
Andrew G. Backman
Managing Director
Investor Relations and Public Relations
RCS Capital Corporation
[email protected]
(917) 475-2135
Brian D. Jones
Chief Financial Officer
RCS Capital Corporation
[email protected]
(866) 904-2988
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726854-000072685418000065-poageandfarmersacquisition | EX-99.1
2
poageandfarmersacquisition.htm
EXHIBIT 99.1 POAGE AND FARMERS ACQUISITIONS CLOSING
Exhibit
NEWS RELEASE
For Immediate Release
December 7, 2018
For Further Information Contact:
Charles R. Hageboeck, Chief Executive Officer and President
(304) 769-1102
City Holding Company Completes Acquisitions Bolstering Kentucky Presence
CHARLESTON, WV, December 7, 2018 - City Holding Company ("City") (Nasdaq: CHCO), the parent company of City National Bank of West Virginia, announced today that it has completed its acquisitions of Poage Bankshares, Inc., ("Poage") (Nasdaq: PBSK), the parent company of Town Square Bank, Ashland, Kentucky, and Farmers Deposit Bancorp, Inc. ("Farmers Deposit"), the parent company of Farmers Deposit Bank, Cynthiana, Kentucky. Both acquisitions became effective as of the close of business on December 7, 2018. The acquisition of Poage was structured as a stock transaction valued at approximately $84.7 million, or $24.22 per share of Poage common stock. The acquisition of Farmers Deposit was structured as a cash transaction valued at $24.9 million, or $1,174.14 per share of Farmers Deposit common stock. City, Poage and Farmers Deposit first announced that they had entered into separate agreements to merge on July 11, 2018. The acquisition of Poage included the merger of Town Square Bank into City National Bank of West Virginia, and the acquisition of Farmers Deposit included the merger of Farmers Deposit Bank into City National Bank of West Virginia.
Based upon financial data as of September 30, 2018, the combined company will have $5.0 billion in assets, deposits of $3.9 billion, and gross loans of $3.5 billion, bolstering City's presence in the Huntington-Ashland and Lexington, Kentucky MSAs. "It is a pleasure to welcome the staff and customers of Town Square Bank and Farmers Deposit Bank into the City family", remarked Charles R. (Skip) Hageboeck, President and Chief Executive Officer of City. "With strong roots in the region, and an emphasis on community service, the synergies of our organizations are strong. We believe the combination of our respective businesses will be positive for shareholders, customers, and employees. On a combined basis, through September 30, 2018, Poage and Farmers Deposit incurred operating expenses of over $15 million, or more than $20 million on an annualized basis. With multiple overlapping branches in the Ashland market, more favorable data processing contracts and costs, and the normal efficiencies of larger organizations, we anticipate cost savings of more than 45%, which is good for shareholders. At the same time, we have been able to retain more employees than originally anticipated. We retained more than a dozen administrative/operational staff from Town Square who are filling open positions that existed at City. And, from a customer's perspective, they will continue to see the same people who have been serving them at Town Square and Farmers Deposit, but will have access to enhanced products and services. City's dedication to remain a community-focused bank, means that commitment to the local communities will continue to be quite strong".
Keefe, Bruyette & Woods, Inc. served as financial advisor and Dinsmore & Shohl LLP served as legal counsel to City in both transactions. Sandler O'Neill & Partners, L.P. served as financial advisor and Luse Gorman, PC served as legal counsel to Poage in the Poage transaction. ProBank Austin served as financial advisor and Stites & Harbison, PLLC served as legal counsel to Farmers Deposit in the Farmers Deposit transaction.
About City Holding Company
City Holding Company, headquartered in Charleston, West Virginia is a financial holding company which owns City National Bank of West Virginia. City received the highest ranking in customer satisfaction in the north central region in J.D. Power's 2018 U.S. Retail Banking Satisfaction Study. City provides a full range of consumer and commercial banking services to individuals, businesses and industries through its 87 branches across West Virginia, Virginia, Kentucky and Ohio. As of September 30, 2018, City had $4.4 billion in total assets, $3.4 billion in deposits, and $3.1 billion in gross loans. For additional information, locations, and hours of operation, please visit www.bankatcity.com.
Safe Harbor Statement:
Statements made in this news release that are not historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These statements are subject to certain risks and uncertainties including, but not limited to, the successful integration of the transactions contemplated in this release, which includes the retention of the acquired customer relationships, adverse changes in economic conditions, the impact of competitive products and pricing and the other risks set forth in City's filings with the SEC. As a result, actual results may differ materially from the forward-looking statements in this news release. These factors are not necessarily all of the factors that could cause City's actual results, performance, or achievements to differ materially from those expressed in or implied by any of the forward-looking statements. Other unknown or unpredictable factors also could harm City's results.
All forward-looking statements attributable to City, or persons acting on City's behalf, are expressly qualified in their entirety by the cautionary statements set forth above. Forward-looking statements speak only as of the date they are made and City does not undertake or assume any obligation to update publicly any of these statements to reflect actual results, new information or future events, changes in assumptions, or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If City updates one or more forward-looking statements, no inference should be drawn that City will make additional updates with respect to those or other forward-looking statements.
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"will",
"continue",
"to",
"be",
"quite",
"strong",
"\"",
".",
"Keefe",
",",
"Bruyette",
"&",
"Woods",
",",
"Inc",
".",
"served",
"as",
"financial",
"advisor",
"and",
"Dinsmore",
"&",
"Shohl",
"LLP",
"served",
"as",
"legal",
"counsel",
"to",
"City",
"in",
"both",
"transactions",
".",
"Sandler",
"O",
"'",
"Neill",
"&",
"Partners",
",",
"L",
".",
"P",
".",
"served",
"as",
"financial",
"advisor",
"and",
"Luse",
"Gorman",
",",
"PC",
"served",
"as",
"legal",
"counsel",
"to",
"Poage",
"in",
"the",
"Poage",
"transaction",
".",
"ProBank",
"Austin",
"served",
"as",
"financial",
"advisor",
"and",
"Stites",
"&",
"Harbison",
",",
"PLLC",
"served",
"as",
"legal",
"counsel",
"to",
"Farmers",
"Deposit",
"in",
"the",
"Farmers",
"Deposit",
"transaction",
".",
"About",
"City",
"Holding",
"Company",
"City",
"Holding",
"Company",
",",
"headquartered",
"in",
"Charleston",
",",
"West",
"Virginia",
"is",
"a",
"financial",
"holding",
"company",
"which",
"owns",
"City",
"National",
"Bank",
"of",
"West",
"Virginia",
".",
"City",
"received",
"the",
"highest",
"ranking",
"in",
"customer",
"satisfaction",
"in",
"the",
"north",
"central",
"region",
"in",
"J",
".",
"D",
".",
"Power",
"'s",
"2018",
"U",
".",
"S",
".",
"Retail",
"Banking",
"Satisfaction",
"Study",
".",
"City",
"provides",
"a",
"full",
"range",
"of",
"consumer",
"and",
"commercial",
"banking",
"services",
"to",
"individuals",
",",
"businesses",
"and",
"industries",
"through",
"its",
"87",
"branches",
"across",
"West",
"Virginia",
",",
"Virginia",
",",
"Kentucky",
"and",
"Ohio",
".",
"As",
"of",
"September",
"30",
",",
"2018",
",",
"City",
"had",
"$",
"4.4 billion",
"in",
"total",
"assets",
",",
"$",
"3.4 billion",
"in",
"deposits",
",",
"and",
"$",
"3.1 billion",
"in",
"gross",
"loans",
".",
"For",
"additional",
"information",
",",
"locations",
",",
"and",
"hours",
"of",
"operation",
",",
"please",
"visit",
"www.bankatcity.com",
".",
"Safe",
"Harbor",
"Statement",
":",
"Statements",
"made",
"in",
"this",
"news",
"release",
"that",
"are",
"not",
"historical",
"facts",
"are",
"\"",
"forward",
"-",
"looking",
"statements",
"\"",
"within",
"the",
"meaning",
"of",
"Section",
"27A",
"of",
"the",
"Securities",
"Act",
"of",
"1933",
",",
"as",
"amended",
",",
"Section",
"21E",
"of",
"the",
"Securities",
"Exchange",
"Act",
"of",
"1934",
",",
"as",
"amended",
",",
"and",
"the",
"Private",
"Securities",
"Litigation",
"Reform",
"Act",
"of",
"1995",
".",
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"are",
"subject",
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"risks",
"and",
"uncertainties",
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",",
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"not",
"limited",
"to",
",",
"the",
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"integration",
"of",
"the",
"transactions",
"contemplated",
"in",
"this",
"release",
",",
"which",
"includes",
"the",
"retention",
"of",
"the",
"acquired",
"customer",
"relationships",
",",
"adverse",
"changes",
"in",
"economic",
"conditions",
",",
"the",
"impact",
"of",
"competitive",
"products",
"and",
"pricing",
"and",
"the",
"other",
"risks",
"set",
"forth",
"in",
"City",
"'s",
"filings",
"with",
"the",
"SEC",
".",
"As",
"a",
"result",
",",
"actual",
"results",
"may",
"differ",
"materially",
"from",
"the",
"forward",
"-",
"looking",
"statements",
"in",
"this",
"news",
"release",
".",
"These",
"factors",
"are",
"not",
"necessarily",
"all",
"of",
"the",
"factors",
"that",
"could",
"cause",
"City",
"'s",
"actual",
"results",
",",
"performance",
",",
"or",
"achievements",
"to",
"differ",
"materially",
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"those",
"expressed",
"in",
"or",
"implied",
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"any",
"of",
"the",
"forward",
"-",
"looking",
"statements",
".",
"Other",
"unknown",
"or",
"unpredictable",
"factors",
"also",
"could",
"harm",
"City",
"'s",
"results",
".",
"All",
"forward",
"-",
"looking",
"statements",
"attributable",
"to",
"City",
",",
"or",
"persons",
"acting",
"on",
"City",
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"behalf",
",",
"are",
"expressly",
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"in",
"their",
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"the",
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"set",
"forth",
"above",
".",
"Forward",
"-",
"looking",
"statements",
"speak",
"only",
"as",
"of",
"the",
"date",
"they",
"are",
"made",
"and",
"City",
"does",
"not",
"undertake",
"or",
"assume",
"any",
"obligation",
"to",
"update",
"publicly",
"any",
"of",
"these",
"statements",
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"reflect",
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",",
"new",
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"or",
"future",
"events",
",",
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",",
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"-",
"looking",
"statements",
",",
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"required",
"by",
"applicable",
"laws",
".",
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"City",
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"or",
"more",
"forward",
"-",
"looking",
"statements",
",",
"no",
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"should",
"be",
"drawn",
"that",
"City",
"will",
"make",
"additional",
"updates",
"with",
"respect",
"to",
"those",
"or",
"other",
"forward",
"-",
"looking",
"statements",
"."
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"O",
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"O",
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1471265-000110465915061082-a15-18271_1ex99d1 | EX-99.1
2
a15-18271_1ex99d1.htm
EX-99.1
Exhibit 99.1
Northwest Bancshares, Inc. Completes Merger with LNB Bancorp, Inc.
WARREN, PA, August 14, 2015 /PRNewswire/ - Northwest Bancshares, Inc. (NASDAQ: NWBI), the holding company for Northwest Bank, announced today that it has successfully completed its merger with LNB Bancorp, Inc. (NASDAQ: LNBB), the holding company for The Lorain National Bank.
William J. Wagner, President and Chief Executive Officer of Northwest Bancshares, Inc., commented, "We are pleased to announce the completion of our merger with LNB Bancorp, Inc. and The Lorain National Bank. The management teams and employees of both Northwest and LNB have worked tirelessly over the past seven months to prepare for the integration of our two companies. We believe that this transaction will help deliver value through increased operating scale and new market opportunities. The combined strength of our institutions will allow us to better serve customers across all of our markets with a wide range of financial products and services, while maintaining the personal service they expect from their community bank".
Under the terms of the merger agreement, shareholders of LNB Bancorp, Inc. elected to receive either 1.461 shares of Northwest Bancshares, Inc. common stock or $18.70 in cash for each common share of LNB Bancorp, Inc., subject to an overall allocation of exchanged shares into 50% cash and 50% shares of stock. Cash will be paid in lieu of fractional shares at a rate of $12.66 per whole share of Northwest Bancshares, Inc. common stock. Northwest Bancshares, Inc. will provide information separately regarding the final results of the consideration election of LNB Bancorp, Inc. shareholders.
Northwest Bancshares, Inc. issued 7,057,229 shares of common stock in the merger (subject to adjustment for cash issued in lieu of fractional shares), and based upon the $12.58 per share closing price of Northwest Bancshares, Inc.'s common stock on August 13, 2015, the transaction value was approximately $179.1 million. The completion of the merger has resulted in a bank with approximately $9.0 billion in total assets, providing banking services through 182 branch locations and 297 ATMs in four states. The transaction has expanded Northwest's franchise by 21 offices located in Lorain, Cuyahoga and Summit Counties in northeastern Ohio.
Boenning & Scattergood served as financial advisor and Luse Gorman, PC served as legal counsel to Northwest in this transaction.
Sandler O'Neill + Partners L.P. served as financial adviser and Calfee, Halter & Griswold LLP served as legal counsel to LNB Bancorp.
About Northwest Bancshares, Inc.
Headquartered in Warren, Pennsylvania, Northwest Bancshares, Inc. is the holding company of Northwest Bank. Founded in 1896, Northwest Bank is a full-service financial institution offering a complete line of business and personal banking products, employee benefits and wealth management services, as well as the fulfillment of business and personal insurance needs. Northwest operates 182 community banking offices in Pennsylvania, New York, Ohio and Maryland and 51 consumer finance offices in Pennsylvania through its subsidiary, Northwest Consumer Discount Company. Northwest Bancshares, Inc.'s common stock is listed on the NASDAQ Global Select Market ("NWBI"). Additional
information regarding Northwest Bancshares, Inc. and Northwest Bank can be accessed on-line at www.northwest.com.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 giving Northwest Bancshares' expectations or predictions of future financial or business performance or conditions. Forward-looking statements are typically identified by words such as "believe", "expect", "anticipate", "intend", "target", "estimate", "continue", "positions", "prospects" or "potential", by future conditional verbs such as "will", "would", "should", "could" or "may", or by variations of such words or by similar expressions. These forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made and we assume no duty to update forward-looking statements. Actual results may differ materially from current projections.
In addition to factors previously disclosed in Northwest Bancshares' and LNB Bancorp's reports filed with the U.S. Securities and Exchange Commission (the "SEC") and those identified elsewhere in this document, the following factors among others, could cause actual results to differ materially from forward-looking statements or historical performance: difficulties and delays in integrating LNB Bancorp's business or fully realizing cost savings and other benefits; business disruption following the merger; changes in asset quality and credit risk; the inability to sustain revenue and earnings growth; changes in interest rates and capital markets; inflation; customer acceptance of Northwest Bancshares' products and services; customer borrowing, repayment, investment and deposit practices; customer disintermediation; the introduction, withdrawal, success and timing of business initiatives; competitive conditions; the inability to realize cost savings or revenues or to implement integration plans and other consequences associated with mergers, acquisitions and divestitures; economic conditions; and the impact, extent and timing of technological changes, capital management activities, and other actions of the Federal Reserve Board and legislative and regulatory actions and reforms.
SOURCE Northwest Bancshares, Inc.
Contact:
William J. Wagner, President and CEO, Northwest Bancshares, Inc.
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1630132-000119312519018116-d674027dex991 | EX-99.1
4
d674027dex991.htm
EX-99.1
EX-99.1
Exhibit 99.1
For Media Inquiries:
Brian Little of Bojangles' Restaurants, Inc.
704.519.2118
David
Millar/Danya Al-Qattan
Sard Verbinnen & Co
212.687.8080
Bojangles', Inc., Durational Capital Management and The Jordan Company Complete Acquisition
CHARLOTTE, N.C. - (Globe Newswire) - January
28, 2019
- Bojangles', Inc.
("Bojangles'" or the "Company") (NASDAQ: BOJA) announced that its
all-cash
acquisition by Durational Capital Management LP and The Jordan Company, L.P. is complete, effective today.
The acquisition was previously announced on November 6, 2018.
Bojangles' will operate as an independent, privately-held company and will remain
based in Charlotte, N.C.
"We are pleased to have successfully completed this transaction in partnership with Bojangles' and The
Jordan Company", said Eric Sobotka, Managing Partner at Durational Capital Management. "We are excited to begin working with the Bojangles' team, employees and franchisees to execute a long-term growth strategy that will fully realize
the strong potential of the iconic Bojangles' brand".
Ian Arons, Partner at The Jordan Company, said: "We believe the
completion of this acquisition represents an exciting next chapter for Bojangles'. As a private company, and with our and Durational's support, Bojangles' will be able to further strengthen its operations while expanding its brand and
market presence".
Under the terms of the merger agreement, Bojangles' stockholders will receive $16.10 per share in cash. As a
result of the closing of the transaction, Bojangles' common stock has ceased trading as of today on the NASDAQ Global Select Market and will be delisted.
The Company also announced the addition of two key executives to its leadership team.
Jose Armario will lead the brand as its permanent new Chief Executive Officer. Armario has 38 years of senior leadership experience with such
brands as Burger King, Luxottica Group and McDonald's. During his time with McDonald's Corporation, Armario served in several prominent leadership positions including President of McDonald's Chile, Group President of McDonald's
Canada and Latin America, and Executive Vice President of Worldwide Supply Chain, Development and Franchising.
Brian Unger has been named
Chief Operating Officer for Bojangles'. Unger began his
30-year
career in the restaurant business with McDonald's, where he spent more than 20 years eventually rising in the ranks to Senior Vice
President of Operations. Unger has also served as Chief Operating Officer for Einstein Noah Restaurants Group, Inc. and President and Chief Operating Officer for Long John Silver's.
"I am thrilled to be joining the incredibly talented and hardworking team members at Bojangles'", said Armario, Bojangles'
newly appointed Chief Executive Officer. "What this Company and its franchise partners have accomplished over the last four decades is simply amazing. I have visited lots of Bojangles' restaurants across the system where our dedicated team
members are serving the highest quality, best-tasting food in the industry, and I look forward to being part of the exciting future that lies ahead for the Bojangles' brand".
About Bojangles', Inc.
Bojangles', Inc. is a highly differentiated and growing restaurant operator and franchisor dedicated to serving customers high-quality,
craveable food made from our Southern recipes, including breakfast served All Day, Every Day. Founded in 1977 in Charlotte, N.C., Bojangles'
®
serves menu items such as made-from-scratch
biscuit breakfast sandwiches, delicious hand-breaded
bone-in
chicken, flavorful fixin's (sides) and Legendary Iced Tea
®
. At December 30, 2018,
Bojangles' had 759 system-wide restaurants, of which 319 were company-operated and 440 were franchised restaurants, primarily located in the Southeastern United States. For more information, visit www.bojangles.com or follow Bojangles' on
Facebook, Instagram and Twitter.
About Durational Capital Management LP
Based in New York, Durational Capital Management LP is an investment firm that invests in high quality consumer companies. Durational
approaches its investments with a strategic mindset and focuses on driving long-term value creation through partnership with top tier management teams and actively supporting management to drive operational improvements. The firm was founded in
2017, and its investment professionals have extensive experience investing in the consumer sector. For more information, visit: www.durational.com.
About The Jordan Company, L.P.
The
Jordan Company, founded in 1982, is a middle-market private equity firm that has managed funds with original capital commitments in excess of $11 billion since 1987 and a
36-year
track record of investing
in and contributing to the growth of many businesses across a wide range of industries including Industrials, Transportation & Logistics, Healthcare, Consumer, and Telecom, Technology & Utility. The senior investment team has been
investing together for over 20 years and it is supported by the Operations Management Group, which was established in 1988 to initiate and support operational improvements in portfolio companies. Headquartered in New York, TJC also has an office in
Chicago. For more information, visit: www.thejordancompany.com.
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"of",
"this",
"acquisition",
"represents",
"an",
"exciting",
"next",
"chapter",
"for",
"Bojangles",
"'",
".",
"As",
"a",
"private",
"company",
",",
"and",
"with",
"our",
"and",
"Durational",
"'s",
"support",
",",
"Bojangles",
"'",
"will",
"be",
"able",
"to",
"further",
"strengthen",
"its",
"operations",
"while",
"expanding",
"its",
"brand",
"and",
"market",
"presence",
"\"",
".",
"Under",
"the",
"terms",
"of",
"the",
"merger",
"agreement",
",",
"Bojangles",
"'",
"stockholders",
"will",
"receive",
"$",
"16.10",
"per",
"share",
"in",
"cash",
".",
"As",
"a",
"result",
"of",
"the",
"closing",
"of",
"the",
"transaction",
",",
"Bojangles",
"'",
"common",
"stock",
"has",
"ceased",
"trading",
"as",
"of",
"today",
"on",
"the",
"NASDAQ",
"Global",
"Select",
"Market",
"and",
"will",
"be",
"delisted",
".",
"The",
"Company",
"also",
"announced",
"the",
"addition",
"of",
"two",
"key",
"executives",
"to",
"its",
"leadership",
"team",
".",
"Jose",
"Armario",
"will",
"lead",
"the",
"brand",
"as",
"its",
"permanent",
"new",
"Chief",
"Executive",
"Officer",
".",
"Armario",
"has",
"38",
"years",
"of",
"senior",
"leadership",
"experience",
"with",
"such",
"brands",
"as",
"Burger",
"King",
",",
"Luxottica",
"Group",
"and",
"McDonald",
"'",
"s",
".",
"During",
"his",
"time",
"with",
"McDonald",
"'",
"s",
"Corporation",
",",
"Armario",
"served",
"in",
"several",
"prominent",
"leadership",
"positions",
"including",
"President",
"of",
"McDonald",
"'",
"s",
"Chile",
",",
"Group",
"President",
"of",
"McDonald",
"'",
"s",
"Canada",
"and",
"Latin",
"America",
",",
"and",
"Executive",
"Vice",
"President",
"of",
"Worldwide",
"Supply",
"Chain",
",",
"Development",
"and",
"Franchising",
".",
"Brian",
"Unger",
"has",
"been",
"named",
"Chief",
"Operating",
"Officer",
"for",
"Bojangles",
"'",
".",
"Unger",
"began",
"his",
"30",
"-",
"year",
"career",
"in",
"the",
"restaurant",
"business",
"with",
"McDonald",
"'",
"s",
",",
"where",
"he",
"spent",
"more",
"than",
"20",
"years",
"eventually",
"rising",
"in",
"the",
"ranks",
"to",
"Senior",
"Vice",
"President",
"of",
"Operations",
".",
"Unger",
"has",
"also",
"served",
"as",
"Chief",
"Operating",
"Officer",
"for",
"Einstein",
"Noah",
"Restaurants",
"Group",
",",
"Inc",
".",
"and",
"President",
"and",
"Chief",
"Operating",
"Officer",
"for",
"Long",
"John",
"Silver",
"'s",
".",
"\"",
"I",
"am",
"thrilled",
"to",
"be",
"joining",
"the",
"incredibly",
"talented",
"and",
"hardworking",
"team",
"members",
"at",
"Bojangles",
"'",
"\"",
",",
"said",
"Armario",
",",
"Bojangles",
"'",
"newly",
"appointed",
"Chief",
"Executive",
"Officer",
".",
"\"",
"What",
"this",
"Company",
"and",
"its",
"franchise",
"partners",
"have",
"accomplished",
"over",
"the",
"last",
"four",
"decades",
"is",
"simply",
"amazing",
".",
"I",
"have",
"visited",
"lots",
"of",
"Bojangles",
"'",
"restaurants",
"across",
"the",
"system",
"where",
"our",
"dedicated",
"team",
"members",
"are",
"serving",
"the",
"highest",
"quality",
",",
"best",
"-",
"tasting",
"food",
"in",
"the",
"industry",
",",
"and",
"I",
"look",
"forward",
"to",
"being",
"part",
"of",
"the",
"exciting",
"future",
"that",
"lies",
"ahead",
"for",
"the",
"Bojangles",
"'",
"brand",
"\"",
".",
"About",
"Bojangles",
"'",
",",
"Inc",
".",
"Bojangles",
"'",
",",
"Inc",
".",
"is",
"a",
"highly",
"differentiated",
"and",
"growing",
"restaurant",
"operator",
"and",
"franchisor",
"dedicated",
"to",
"serving",
"customers",
"high",
"-",
"quality",
",",
"craveable",
"food",
"made",
"from",
"our",
"Southern",
"recipes",
",",
"including",
"breakfast",
"served",
"All",
"Day",
",",
"Every",
"Day",
".",
"Founded",
"in",
"1977",
"in",
"Charlotte",
",",
"N",
".",
"C",
".",
",",
"Bojangles",
"'",
"®",
"serves",
"menu",
"items",
"such",
"as",
"made",
"-",
"from",
"-",
"scratch",
"biscuit",
"breakfast",
"sandwiches",
",",
"delicious",
"hand",
"-",
"breaded",
"bone",
"-",
"in",
"chicken",
",",
"flavorful",
"fixin",
"'s",
"(",
"sides",
")",
"and",
"Legendary",
"Iced",
"Tea",
"®",
".",
"At",
"December",
"30",
",",
"2018",
",",
"Bojangles",
"'",
"had",
"759",
"system",
"-",
"wide",
"restaurants",
",",
"of",
"which",
"319",
"were",
"company",
"-",
"operated",
"and",
"440",
"were",
"franchised",
"restaurants",
",",
"primarily",
"located",
"in",
"the",
"Southeastern",
"United",
"States",
".",
"For",
"more",
"information",
",",
"visit",
"www.bojangles.com",
"or",
"follow",
"Bojangles",
"'",
"on",
"Facebook",
",",
"Instagram",
"and",
"Twitter",
".",
"About",
"Durational",
"Capital",
"Management",
"LP",
"Based",
"in",
"New",
"York",
",",
"Durational",
"Capital",
"Management",
"LP",
"is",
"an",
"investment",
"firm",
"that",
"invests",
"in",
"high",
"quality",
"consumer",
"companies",
".",
"Durational",
"approaches",
"its",
"investments",
"with",
"a",
"strategic",
"mindset",
"and",
"focuses",
"on",
"driving",
"long",
"-",
"term",
"value",
"creation",
"through",
"partnership",
"with",
"top",
"tier",
"management",
"teams",
"and",
"actively",
"supporting",
"management",
"to",
"drive",
"operational",
"improvements",
".",
"The",
"firm",
"was",
"founded",
"in",
"2017",
",",
"and",
"its",
"investment",
"professionals",
"have",
"extensive",
"experience",
"investing",
"in",
"the",
"consumer",
"sector",
".",
"For",
"more",
"information",
",",
"visit",
":",
"www.durational.com",
".",
"About",
"The",
"Jordan",
"Company",
",",
"L",
".",
"P",
".",
"The",
"Jordan",
"Company",
",",
"founded",
"in",
"1982",
",",
"is",
"a",
"middle",
"-",
"market",
"private",
"equity",
"firm",
"that",
"has",
"managed",
"funds",
"with",
"original",
"capital",
"commitments",
"in",
"excess",
"of",
"$",
"11 billion",
"since",
"1987",
"and",
"a",
"36",
"-",
"year",
"track",
"record",
"of",
"investing",
"in",
"and",
"contributing",
"to",
"the",
"growth",
"of",
"many",
"businesses",
"across",
"a",
"wide",
"range",
"of",
"industries",
"including",
"Industrials",
",",
"Transportation",
"&",
"Logistics",
",",
"Healthcare",
",",
"Consumer",
",",
"and",
"Telecom",
",",
"Technology",
"&",
"Utility",
".",
"The",
"senior",
"investment",
"team",
"has",
"been",
"investing",
"together",
"for",
"over",
"20",
"years",
"and",
"it",
"is",
"supported",
"by",
"the",
"Operations",
"Management",
"Group",
",",
"which",
"was",
"established",
"in",
"1988",
"to",
"initiate",
"and",
"support",
"operational",
"improvements",
"in",
"portfolio",
"companies",
".",
"Headquartered",
"in",
"New",
"York",
",",
"TJC",
"also",
"has",
"an",
"office",
"in",
"Chicago",
".",
"For",
"more",
"information",
",",
"visit",
":",
"www.thejordancompany.com",
"."
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916907-000118811210003433-ex99 | EX-99
3
ex99.htm
EXHIBIT 99
ex99.htm
Exhibit 99
FOR IMMEDIATE RELEASE
Contact: Matt Funke, CFO
December 17, 2010
(573) 778-1800
SOUTHERN BANK ANNOUNCES
ACQUISITION OF LOANS AND DEPOSITS
OF FIRST SOUTHERN BANK, BATESVILLE, ARKANSAS
Southern Bank, the wholly-owned subsidiary of Southern Missouri Bancorp, Inc. (the "Company"), today announced that it had entered into a definitive whole-bank purchase and assumption agreement (the "Agreement") with the Federal Deposit Insurance Corporation ("FDIC"), to acquire the deposits and certain assets of First Southern Bank, a full-service bank headquartered in Batesville, Arkansas, with a branch in Searcy, Arkansas. The Arkansas State Bank Department today closed First Southern Bank and appointed the FDIC as receiver.
The two branches previously operated by First Southern Bank will reopen at their regular hours (on Saturday in Searcy, or Monday in Batesville), as branches of Southern Bank. Depositors of First Southern Bank will automatically become depositors of Southern Bank, and deposits will continue to be insured by the FDIC. Depositors of First Southern Bank can continue to access their money by writing checks or using ATM or debit cards, and checks drawn on the bank will continue to be processed; loan customers should continue to make their payments as usual. With this acquisition, Southern Bank will now operate 16 locations, adding new markets in Arkansas to its existing network of branches in Arkansas and Missouri. Southern Bank has no current plans to change rates or terms on retail certificates of deposit, however, customers may withdraw funds without penalty.
Commenting on the announcement, Greg Steffens, President and CEO of Southern Bank, said, "We are pleased today to welcome the customers of First Southern Bank to the Southern Bank family. We value their business, and our highest priority is to provide our new customers with outstanding service. Their deposits are safe, FDIC-insured, and fully accessible in the same manner as they were yesterday. We also welcome the valued employees of the bank who join us today. We want to make this transition easy and comfortable for them, as well.
"We are pleased that our Company's strong asset quality and capital position has enabled us to step in to the Batesville and Searcy markets, where we believe our business model will serve the community well and provide a sound return to our shareholders", Steffens continued.
As a result of the transaction, Southern Bank agreed to assume deposits of approximately $156 million, less some brokered deposits, paying a premium of 0.25% on core deposits. Southern Bank expected to acquire assets totaling approximately $153 million. Loans and other assets acquired were not subject to a loss-share agreement, but loans were acquired at a $17.5 million discount.
Southern Bank is a subsidiary of Southern Missouri Bancorp, Inc., which trades on the NASDAQ Global Market under the ticker "SMBC". The Company reported total assets of $565 million, deposits of $436 million, and stockholders' equity of $47 million at September 30, 2010. For more information about the Company, visit Southern Bank on the web at
www.bankwithsouthern.com
, and click our Investor Relations link.
Except for the historical information contained herein, the matters discussed in this press release may be deemed to be forward-looking statements that involve risks and uncertainties, including changes in economic conditions in the Company's market area, changes in policies by regulatory agencies, fluctuations in interest rates, the risks of lending and investing activities, including changes in the level and direction of loan delinquencies and charge-offs and changes in estimates of the adequacy of the allowance for loan losses, demand for loans and deposits in the Company's market area, and competition. Actual strategies and results in future periods may differ materially from those currently expected. These forward-looking statements represent the Company's judgement as of the date of this release. The Company disclaims however, any intent or obligation to update these forward-looking statements.
| [
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"O",
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"O",
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"O",
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"O",
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"O",
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"O",
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"O",
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"O",
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"O",
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] |
1075531-000110465904028312-a04-10767_1ex99d1 | EX-99.1
4
a04-10767_1ex99d1.htm
EX-99.1
Exhibit 99.1
Priceline.com Acquires Active Hotels, a Leading
Internet Hotel Reservation Service in Europe
NORWALK, Conn., September
21, 2004... Priceline.com® (Nasdaq: PCLN) announced today that it acquired
Cambridge, UK-based Active Hotels Ltd., one of Europe's leading Internet hotel
reservation services, in a cash transaction valued at approximately US$161
million. Priceline.com said it intends
to retain Active Hotels' current management team, which will continue to manage
Active Hotels as an independent business. Priceline.com also said that Active
Hotels' three top executives and selected other employees reinvested a portion
of the acquisition proceeds back into the Active Hotels business.
Active Hotels works with a wide range of
8,000 properties from B&Bs to 5-star hotels in the UK and throughout
Europe, including major international chains and independents. Its distribution network encompasses
company-owned Web sites, such as
activereservations.com
, as well as approximately 1,500 Web
sites operating throughout Europe.
Active Hotels' reservation services are available in English, French,
Spanish, German and Italian.
"As one of the fastest growing hotel services
in the European market, Active Hotels will play an important part in priceline's
growth plans", said priceline.com President and Chief Executive Officer Jeffery
H. Boyd. "Andrew Phillipps and his team
have built a profitable, supplier-friendly business, which mirrors the
positioning of the priceline and Travelweb hotel businesses".
"This deal is great news for all involved,"
said Andrew Phillipps, Chief Executive of Active Hotels. "For our hotel customers, we expect that this
will provide additional US demand from one of the market leaders. We believe that our pricing model will
continue to put real pressure on competitors.
For Web sites that work with us, the deal should provide low-priced
hotel rooms in the US, complementing our market-leading European stock. Finally, this is great news for Active Hotels
and its staff. Under priceline.com's
ownership and with their backing, we plan to expand still faster and
consolidate our already strong position".
Active Hotels' gross bookings for the 12
months ending September 30, 2004 are expected to be approximately US$160
million, up approximately 100% year-over-year.
Gross bookings refer to the total dollar value inclusive of taxes and
fees of all hotel room nights purchased by consumers. Active Hotels' revenues
for the 12 months ending September 30, 2004 are expected to be approximately
US$22 million, up approximately 115% year-over-year. Active Hotels has been profitable since the 1
st
quarter of 2003. Priceline.com said that
it expected the acquisition to be accretive to its earnings (before non-cash
amortization expense associated with the acquisition) for the 4
th
quarter 2004 and for calendar 2005.
Priceline stated that the acquisition created
opportunities for Active and priceline to work together to expand their
businesses. "Active Hotels has longstanding distribution relationships with a
significant number of other European travel sites and we intend to support
these relationships with added product from priceline.com and Travelweb for
U.S. travel", said Glenn Fogel, Senior Vice President - International of
priceline.com. "We also believe that we can sell Active Hotels' inventory to
our large U.S. customer base for their European travel".
About priceline.com
Priceline.com is a travel service that offers
leisure airline tickets, hotel rooms, rental cars, vacation packages and cruises. Priceline.com also has a personal finance
service that offers home mortgages, refinancing and home equity loans through
an independent licensee. Priceline.com
operates the retail travel Web sites Activehotels.com, Activehotels.co.uk,
Travelweb.com, Lowestfare.com, Rentalcars.com and Breezenet.com. Priceline.com licenses its business model to
independent licensees, including pricelinemortgage and certain international
licensees.
###
Press information: Brian Ek
203-299-8167 (
[email protected]
)
Information About
Forward-Looking Statements
This press release may contain forward-looking statements. These
forward-looking statements are not guarantees of future performance and are
subject to certain risks, uncertainties and assumptions that are difficult to
predict; therefore, actual results may differ materially from those expressed,
implied or forecasted in any such forward-looking statements. Expressions of
future goals and similar expressions including, without limitation, "may", "will,"
"should", "could", "expects", "does not currently expect", "plans", "anticipates,"
"believes", "estimates", "predicts", "potential", "targets", "intends", or "continue,"
reflecting something other than historical fact are intended to identify
forward-looking statements. The following factors, among others, could cause
the Company's actual results to differ materially from those described in the
forward-looking statements: adverse changes in general market conditions for
leisure and other travel products as the result of, among other things,
terrorist attacks; adverse changes in the Company's relationships with airlines
and other product and service providers including, without limitation, the
withdrawal of suppliers from the priceline.com system; the bankruptcy or
insolvency of another major domestic airline; the effects of increased
competition; systems-related failures and/or security breaches; the Company's
ability to protect its intellectual property rights; losses by the Company and
its licensees; legal and regulatory risks and the ability to attract and retain
qualified personnel. For a detailed discussion of these and other factors that
could cause the Company's actual results to differ materially from those
described in the forward-looking statements, please refer to the Company's most
recent Form 10-Q, Form 10-K and Form 8-K filings with the Securities and
Exchange Commission. Unless required by law, the Company undertakes no
obligation to update publicly any forward-looking statements, whether as a
result of new information, future events or otherwise.
2
| [
"EX",
"-",
"99",
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"-",
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"inventory",
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"U",
".",
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"About",
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1239454-000106610705000216-exhibit99a | EX-99.A
4
exhibit99a.htm
EXHIBIT 99.A
EX-99.a
EXHIBIT
99.A
News
For
Immediate
Release
El
Paso Corporation Closes Acquisition of Medicine Bow Energy
Corporation
HOUSTON,
TEXAS, August 31, 2005
-El Paso
Corporation (NYSE:EP) announced today that it has closed its previously
announced acquisition of Denver-based Medicine Bow Energy Corporation for
$834
million in cash through its wholly owned subsidiary, El Paso Production
Holding Company (EPPH).
The
adjusted purchase price of $834 million is primarily attributable to Medicine
Bow's acquisition of incremental ownership interest in Four Star Oil & Gas
prior to closing. El Paso's ownership of Four Star at closing is 43.1
percent, up from 38.6 percent when the transaction was originally announced.
Estimated proved reserves associated with the Medicine Bow acquisition are
383
billion cubic feet equivalent, and estimated average daily production is
103
million cubic feet equivalent per day. As indicated previously, Four Star's
reserves and volumes will not be consolidated into El Paso Corporation's or El
Paso Production Holding Company's financial reports but will be reported as an
equity interest.
Increased
Presence in Denver
Slightly
more than half of the acquired proved reserves are in the Rocky Mountains,
expanding El Paso's presence in this important region. "We are excited to
increase our presence in the Rockies, and we expect to retain the majority
of
Medicine Bow's talented staff as well as its existing office in downtown
Denver", said Lisa Stewart, president of El Paso's Production and
Non-regulated Operations. "In addition, we plan to move the management of El
Paso's existing Rockies assets to Denver from Houston and will add additional
personnel to the Denver office to focus on expanding our Rockies
presence."
El
Paso Corporation provides natural gas and related energy products in a safe,
efficient, and dependable manner. The company owns North America's largest
natural gas pipeline system and one of North America's largest independent
natural gas producers. For more information, visit www.elpaso.com.
Cautionary
Statement Regarding Forward-Looking Statements
This
release includes forward-looking statements and projections, made in reliance
on
the safe harbor provisions of the Private Securities Litigation Reform Act
of
1995. The company has made every reasonable effort to ensure that the
information and assumptions on which these statements and projections are
based
are current, reasonable, and complete. However, a variety of factors could
cause
actual results to differ materially from the projections, anticipated results
or
other expectations expressed in this release, including, without limitation,
the
ability to implement and achieve our objectives in the long-range plan; our
ability to successfully execute, manage and integrate acquisitions;
uncertainties associated with exploration and production activities; the
successful close of our financing transactions, including the issuance of
equity; and other factors described in the company's (and its affiliates')
Securities and Exchange Commission filings. While the company makes these
statements and projections in good faith, neither the company nor its management
can guarantee that anticipated future results will be achieved. Reference
must
be made to those filings for additional important factors that may affect
actual
results. The company assumes no obligation to publicly update or revise any
forward-looking statements made herein or any other forward-looking statements
made by the company, whether as a result of new information, future events,
or
otherwise.
Contacts
Investor
and
Public Relations
Bruce
L. Connery,
Vice President
Office:
(713)
420-5855
Fax:
(713)
420-4417
Media
Relations
Richard
Wheatley,
Manager
Office:
(713)
420-6828
Fax:
(713)
420-6341
| [
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1560443-000144530514002727-pressrelease | EX-99.1
5
pressrelease.htm
PRESS RELEASE
pressrelease
FOR IMMEDIATE RELEASE
New Source Energy Partners L.P. Announces Services Acquisitions and Confirms Second Quarter Guidance
OKLAHOMA CITY, June 26, 2014 - New Source Energy Partners L.P. (NYSE: NSLP) (the "Partnership" or "New Source") announced today that it has acquired all of the outstanding membership interests in Erick Flowback Services, LLC, an Oklahoma limited liability company ("EFS"), and all of the outstanding membership interests in Rod's Production Services, LLC, an Oklahoma limited liability company ("RPS"). The transaction closed on June 26, 2014 with an effective date of April 1, 2014. EFS and RPS specialize in providing services to oil and natural gas exploration and production companies that increase the safety and efficiencies in pressure-related processes during the completion phase of a well, with a specific focus on well testing and flowback services. EFS and RPS operate primarily in Oklahoma, Texas, Pennsylvania, and Ohio.
The total purchase price for the acquisitions was approximately $116.8 million, consisting of a cash contribution of approximately $57.3 million, Partnership common units valued at approximately $42.7 million, based on a 20 day VWAP, and the assumption of debt of approximately $16.8 million. The former owners are also entitled to earn additional consideration in the form of cash and Partnership common units in the second quarter of 2015 based on a specified multiple of the annualized EBITDA of EFS and RPS for the year ended December 31, 2014, less certain adjustments, specified in the agreement.
Based on the timing of these acquisitions, the Partnership confirms its second quarter 2014 guidance, as outlined in its first quarter 2014 earnings call. Guidance for the second half of 2014 reflecting the oilfield service company acquisitions described above is included in our investor presentation available on our website at www.newsource.com.
"The acquisitions of Erick Flowback Services and Rod's Production Services further exemplifies our commitment to pursuing accretive acquisitions that we believe complement our existing operations. We have identified and acquired what we believe to be the ideal of such candidates. The services provided by EFS and RPS are a natural extension of our existing pressure related services, further expanding our service offerings through the life cycle of the well. Our combined customer base includes many of the most respected firms in our industry", said Kristian Kos, New Source's Chief Executive Officer.
"EFS/RPS' established footprint of infrastructure and people in the Mid-Continent region, along with their growing presence in the Permian and Eagle Ford, complement our own established and growing footprints. Additionally, EFS/RPS extends the Partnership's footprint with their established presence in the Marcellus and Utica, which will broaden our reach into two additional world-class plays. While we have not predicted the benefit of any potential synergies from this transaction, we are confident that such opportunities will come to fruition. From a financial viewpoint, the acquisitions are expected to provide New Source with both greater growth visibility and improved coverage ratios", Kos continued.
Mark Snodgrass, the former Chief Executive Officer of EFS and RPS and new Senior Vice President of MCE, LP commented, "We are very excited to join the New Source family. I believe that Kristian Kos and Dikran Tourian are at the early stages of building an exciting, growth-oriented partnership that will be a great new home for our customers and employees. We couldn't be more pleased with the cultural fit between our organizations".
In addition, the Partnership exercised its option to acquire MidCentral Completion Services, LLC ("MCCS"), an oilfield services company that specializes in providing services to oil and natural gas exploration and production companies that increase the safety and efficiencies in pressure-related processes during the completion phase of a well, such as the installation and pressure-testing of frac trees.
Conference Call
A conference call for investors will be held today at 5:00 p.m. Central Time (6:00 p.m. Eastern Time) to discuss the transaction. The call can be accessed live over the telephone by dialing (877) 705-6003, or for international callers, (201) 493-6725. A replay will be available shortly after the call and can be accessed by dialing (877) 870-5176, or for international callers, (858) 384-5517. The passcode for the replay is 13585798. The replay will be available until July 11, 2014.
Interested parties may also listen to a simultaneous webcast of the conference call by logging onto the Partnership's website at www.newsource.com in the Investors-Presentations link. A replay of the webcast will also be available for approximately 30 days following the call.
About New Source Energy Partners L.P.
New Source Energy Partners L.P. is a vertically integrated independent energy partnership. The Partnership is actively engaged in the development and production of its onshore oil and liquids-rich portfolio that extends across conventional resource reservoirs in east-central Oklahoma. In addition, the Partnership is engaged in oilfield services that specialize in increasing efficiencies and safety in drilling and completion processes through its Oilfield Services Division subsidiaries. For more information on the Partnership, please visit www.newsource.com.
Forward-Looking Statements
This news release contains "forward-looking statements" which are based on current plans and expectations and involve a number of risks and uncertainties that could cause actual results and events to vary materially from the results and other statements contained in this press release. For a full discussion of these risks and uncertainties, please refer to the "Risk Factors" section of the Partnership's Annual Report on Form 10-K for the year ended December 31, 2013 and the information included in the Partnership's quarterly and current reports and other public filings. These forward-looking statements are based on and include the Partnership's expectations as of the date hereof. Subsequent events and market developments could cause the Partnership's expectations to change. While the Partnership may elect to update these forward-looking statements at some point in the future, the Partnership specifically disclaims any obligation to do so, even if new information becomes available, except as may be required by applicable law.
New Source Energy Partners L.P. - Investor & Media Contact
Nick Hodapp
Director of Investor Relations
(405) 272-3028
[email protected]
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"Flowback",
"Services",
",",
"LLC",
",",
"an",
"Oklahoma",
"limited",
"liability",
"company",
"(",
"\"",
"EFS",
"\"",
")",
",",
"and",
"all",
"of",
"the",
"outstanding",
"membership",
"interests",
"in",
"Rod",
"'s",
"Production",
"Services",
",",
"LLC",
",",
"an",
"Oklahoma",
"limited",
"liability",
"company",
"(",
"\"",
"RPS",
"\"",
")",
".",
"The",
"transaction",
"closed",
"on",
"June",
"26",
",",
"2014",
"with",
"an",
"effective",
"date",
"of",
"April",
"1",
",",
"2014",
".",
"EFS",
"and",
"RPS",
"specialize",
"in",
"providing",
"services",
"to",
"oil",
"and",
"natural",
"gas",
"exploration",
"and",
"production",
"companies",
"that",
"increase",
"the",
"safety",
"and",
"efficiencies",
"in",
"pressure",
"-",
"related",
"processes",
"during",
"the",
"completion",
"phase",
"of",
"a",
"well",
",",
"with",
"a",
"specific",
"focus",
"on",
"well",
"testing",
"and",
"flowback",
"services",
".",
"EFS",
"and",
"RPS",
"operate",
"primarily",
"in",
"Oklahoma",
",",
"Texas",
",",
"Pennsylvania",
",",
"and",
"Ohio",
".",
"The",
"total",
"purchase",
"price",
"for",
"the",
"acquisitions",
"was",
"approximately",
"$",
"116.8 million",
",",
"consisting",
"of",
"a",
"cash",
"contribution",
"of",
"approximately",
"$",
"57.3 million",
",",
"Partnership",
"common",
"units",
"valued",
"at",
"approximately",
"$",
"42.7 million",
",",
"based",
"on",
"a",
"20",
"day",
"VWAP",
",",
"and",
"the",
"assumption",
"of",
"debt",
"of",
"approximately",
"$",
"16.8 million",
".",
"The",
"former",
"owners",
"are",
"also",
"entitled",
"to",
"earn",
"additional",
"consideration",
"in",
"the",
"form",
"of",
"cash",
"and",
"Partnership",
"common",
"units",
"in",
"the",
"second",
"quarter",
"of",
"2015",
"based",
"on",
"a",
"specified",
"multiple",
"of",
"the",
"annualized",
"EBITDA",
"of",
"EFS",
"and",
"RPS",
"for",
"the",
"year",
"ended",
"December",
"31",
",",
"2014",
",",
"less",
"certain",
"adjustments",
",",
"specified",
"in",
"the",
"agreement",
".",
"Based",
"on",
"the",
"timing",
"of",
"these",
"acquisitions",
",",
"the",
"Partnership",
"confirms",
"its",
"second",
"quarter",
"2014",
"guidance",
",",
"as",
"outlined",
"in",
"its",
"first",
"quarter",
"2014",
"earnings",
"call",
".",
"Guidance",
"for",
"the",
"second",
"half",
"of",
"2014",
"reflecting",
"the",
"oilfield",
"service",
"company",
"acquisitions",
"described",
"above",
"is",
"included",
"in",
"our",
"investor",
"presentation",
"available",
"on",
"our",
"website",
"at",
"www.newsource.com",
".",
"\"",
"The",
"acquisitions",
"of",
"Erick",
"Flowback",
"Services",
"and",
"Rod",
"'s",
"Production",
"Services",
"further",
"exemplifies",
"our",
"commitment",
"to",
"pursuing",
"accretive",
"acquisitions",
"that",
"we",
"believe",
"complement",
"our",
"existing",
"operations",
".",
"We",
"have",
"identified",
"and",
"acquired",
"what",
"we",
"believe",
"to",
"be",
"the",
"ideal",
"of",
"such",
"candidates",
".",
"The",
"services",
"provided",
"by",
"EFS",
"and",
"RPS",
"are",
"a",
"natural",
"extension",
"of",
"our",
"existing",
"pressure",
"related",
"services",
",",
"further",
"expanding",
"our",
"service",
"offerings",
"through",
"the",
"life",
"cycle",
"of",
"the",
"well",
".",
"Our",
"combined",
"customer",
"base",
"includes",
"many",
"of",
"the",
"most",
"respected",
"firms",
"in",
"our",
"industry",
"\"",
",",
"said",
"Kristian",
"Kos",
",",
"New",
"Source",
"'s",
"Chief",
"Executive",
"Officer",
".",
"\"",
"EFS",
"/",
"RPS",
"'",
"established",
"footprint",
"of",
"infrastructure",
"and",
"people",
"in",
"the",
"Mid",
"-",
"Continent",
"region",
",",
"along",
"with",
"their",
"growing",
"presence",
"in",
"the",
"Permian",
"and",
"Eagle",
"Ford",
",",
"complement",
"our",
"own",
"established",
"and",
"growing",
"footprints",
".",
"Additionally",
",",
"EFS",
"/",
"RPS",
"extends",
"the",
"Partnership",
"'s",
"footprint",
"with",
"their",
"established",
"presence",
"in",
"the",
"Marcellus",
"and",
"Utica",
",",
"which",
"will",
"broaden",
"our",
"reach",
"into",
"two",
"additional",
"world",
"-",
"class",
"plays",
".",
"While",
"we",
"have",
"not",
"predicted",
"the",
"benefit",
"of",
"any",
"potential",
"synergies",
"from",
"this",
"transaction",
",",
"we",
"are",
"confident",
"that",
"such",
"opportunities",
"will",
"come",
"to",
"fruition",
".",
"From",
"a",
"financial",
"viewpoint",
",",
"the",
"acquisitions",
"are",
"expected",
"to",
"provide",
"New",
"Source",
"with",
"both",
"greater",
"growth",
"visibility",
"and",
"improved",
"coverage",
"ratios",
"\"",
",",
"Kos",
"continued",
".",
"Mark",
"Snodgrass",
",",
"the",
"former",
"Chief",
"Executive",
"Officer",
"of",
"EFS",
"and",
"RPS",
"and",
"new",
"Senior",
"Vice",
"President",
"of",
"MCE",
",",
"LP",
"commented",
",",
"\"",
"We",
"are",
"very",
"excited",
"to",
"join",
"the",
"New",
"Source",
"family",
".",
"I",
"believe",
"that",
"Kristian",
"Kos",
"and",
"Dikran",
"Tourian",
"are",
"at",
"the",
"early",
"stages",
"of",
"building",
"an",
"exciting",
",",
"growth",
"-",
"oriented",
"partnership",
"that",
"will",
"be",
"a",
"great",
"new",
"home",
"for",
"our",
"customers",
"and",
"employees",
".",
"We",
"could",
"n",
"'",
"t",
"be",
"more",
"pleased",
"with",
"the",
"cultural",
"fit",
"between",
"our",
"organizations",
"\"",
".",
"In",
"addition",
",",
"the",
"Partnership",
"exercised",
"its",
"option",
"to",
"acquire",
"MidCentral",
"Completion",
"Services",
",",
"LLC",
"(",
"\"",
"MCCS",
"\"",
")",
",",
"an",
"oilfield",
"services",
"company",
"that",
"specializes",
"in",
"providing",
"services",
"to",
"oil",
"and",
"natural",
"gas",
"exploration",
"and",
"production",
"companies",
"that",
"increase",
"the",
"safety",
"and",
"efficiencies",
"in",
"pressure",
"-",
"related",
"processes",
"during",
"the",
"completion",
"phase",
"of",
"a",
"well",
",",
"such",
"as",
"the",
"installation",
"and",
"pressure",
"-",
"testing",
"of",
"frac",
"trees",
".",
"Conference",
"Call",
"A",
"conference",
"call",
"for",
"investors",
"will",
"be",
"held",
"today",
"at",
"5",
":",
"00",
"p.m.",
"Central Time",
"(",
"6",
":",
"00",
"p.m.",
"Eastern Time",
")",
"to",
"discuss",
"the",
"transaction",
".",
"The",
"call",
"can",
"be",
"accessed",
"live",
"over",
"the",
"telephone",
"by",
"dialing",
"(",
"877",
")",
"705",
"-",
"6003",
",",
"or",
"for",
"international",
"callers",
",",
"(",
"201",
")",
"493",
"-",
"6725",
".",
"A",
"replay",
"will",
"be",
"available",
"shortly",
"after",
"the",
"call",
"and",
"can",
"be",
"accessed",
"by",
"dialing",
"(",
"877",
")",
"870",
"-",
"5176",
",",
"or",
"for",
"international",
"callers",
",",
"(",
"858",
")",
"384",
"-",
"5517",
".",
"The",
"passcode",
"for",
"the",
"replay",
"is",
"13585798",
".",
"The",
"replay",
"will",
"be",
"available",
"until",
"July",
"11",
",",
"2014",
".",
"Interested",
"parties",
"may",
"also",
"listen",
"to",
"a",
"simultaneous",
"webcast",
"of",
"the",
"conference",
"call",
"by",
"logging",
"onto",
"the",
"Partnership",
"'s",
"website",
"at",
"www.newsource.com",
"in",
"the",
"Investors",
"-",
"Presentations",
"link",
".",
"A",
"replay",
"of",
"the",
"webcast",
"will",
"also",
"be",
"available",
"for",
"approximately",
"30",
"days",
"following",
"the",
"call",
".",
"About",
"New",
"Source",
"Energy",
"Partners",
"L",
".",
"P",
".",
"New",
"Source",
"Energy",
"Partners",
"L",
".",
"P",
".",
"is",
"a",
"vertically",
"integrated",
"independent",
"energy",
"partnership",
".",
"The",
"Partnership",
"is",
"actively",
"engaged",
"in",
"the",
"development",
"and",
"production",
"of",
"its",
"onshore",
"oil",
"and",
"liquids",
"-",
"rich",
"portfolio",
"that",
"extends",
"across",
"conventional",
"resource",
"reservoirs",
"in",
"east",
"-",
"central",
"Oklahoma",
".",
"In",
"addition",
",",
"the",
"Partnership",
"is",
"engaged",
"in",
"oilfield",
"services",
"that",
"specialize",
"in",
"increasing",
"efficiencies",
"and",
"safety",
"in",
"drilling",
"and",
"completion",
"processes",
"through",
"its",
"Oilfield",
"Services",
"Division",
"subsidiaries",
".",
"For",
"more",
"information",
"on",
"the",
"Partnership",
",",
"please",
"visit",
"www.newsource.com",
".",
"Forward",
"-",
"Looking",
"Statements",
"This",
"news",
"release",
"contains",
"\"",
"forward",
"-",
"looking",
"statements",
"\"",
"which",
"are",
"based",
"on",
"current",
"plans",
"and",
"expectations",
"and",
"involve",
"a",
"number",
"of",
"risks",
"and",
"uncertainties",
"that",
"could",
"cause",
"actual",
"results",
"and",
"events",
"to",
"vary",
"materially",
"from",
"the",
"results",
"and",
"other",
"statements",
"contained",
"in",
"this",
"press",
"release",
".",
"For",
"a",
"full",
"discussion",
"of",
"these",
"risks",
"and",
"uncertainties",
",",
"please",
"refer",
"to",
"the",
"\"",
"Risk",
"Factors",
"\"",
"section",
"of",
"the",
"Partnership",
"'s",
"Annual",
"Report",
"on",
"Form",
"10",
"-",
"K",
"for",
"the",
"year",
"ended",
"December",
"31",
",",
"2013",
"and",
"the",
"information",
"included",
"in",
"the",
"Partnership",
"'",
"s",
"quarterly",
"and",
"current",
"reports",
"and",
"other",
"public",
"filings",
".",
"These",
"forward",
"-",
"looking",
"statements",
"are",
"based",
"on",
"and",
"include",
"the",
"Partnership",
"'s",
"expectations",
"as",
"of",
"the",
"date",
"hereof",
".",
"Subsequent",
"events",
"and",
"market",
"developments",
"could",
"cause",
"the",
"Partnership",
"'s",
"expectations",
"to",
"change",
".",
"While",
"the",
"Partnership",
"may",
"elect",
"to",
"update",
"these",
"forward",
"-",
"looking",
"statements",
"at",
"some",
"point",
"in",
"the",
"future",
",",
"the",
"Partnership",
"specifically",
"disclaims",
"any",
"obligation",
"to",
"do",
"so",
",",
"even",
"if",
"new",
"information",
"becomes",
"available",
",",
"except",
"as",
"may",
"be",
"required",
"by",
"applicable",
"law",
".",
"New",
"Source",
"Energy",
"Partners",
"L",
".",
"P",
".",
"-",
"Investor",
"&",
"Media",
"Contact",
"Nick",
"Hodapp",
"Director",
"of",
"Investor",
"Relations",
"(",
"405",
")",
"272",
"-",
"3028",
"[email protected]"
] | [
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"B-Parties.BUYING_COMPANY",
"I-Parties.BUYING_COMPANY",
"I-Parties.BUYING_COMPANY",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"B-Parties.BUYING_COMPANY",
"I-Parties.BUYING_COMPANY",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"B-Parties.ACQUIRED_COMPANY",
"I-Parties.ACQUIRED_COMPANY",
"I-Parties.ACQUIRED_COMPANY",
"I-Parties.ACQUIRED_COMPANY",
"I-Parties.ACQUIRED_COMPANY",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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61398-000006139816000086-ex992prclosingofexchangetr | EX-99.2
4
ex992prclosingofexchangetr.htm
EXHIBIT 99.2
Exhibit
Exhibit 99.2
Magellan Completes Strategic Exchange Transaction
DENVER, August 2, 2016 /Marketwired/ -- Magellan Petroleum Corporation (NASDAQ:MPET) ("Magellan") today announced that on August 1, 2016, the Company completed the exchange and the other transactions contemplated by the Exchange Agreement dated as of March 31, 2016, between Magellan and One Stone Holdings II LP ("One Stone").
J. Thomas Wilson, President and CEO of the Company, commented, "Following the approval of this transaction by our shareholders earlier in July, we are pleased to complete this transaction, which, we believe, was necessary to successfully execute our strategic alternatives review process".
ABOUT MAGELLAN
Magellan Petroleum Corporation is an independent oil and gas exploration and production company. Following the closing of the transactions contemplated by the Exchange Agreement on August 1, 2016, the Company disposed of its CO2-EOR activities and continues to own exploration acreage in the Weald Basin, onshore UK, and an exploration block, NT/P82, in the Bonaparte Basin, offshore Northern Territory, Australia. Magellan routinely posts important information about the Company on its website at www.magellanpetroleum.com.
For further information, please contact:
Antoine Lafargue
Senior Vice President -- CFO, Treasurer, and Corporate Secretary
720.484.2404
[email protected]
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1310383-000114420415063425-v424012_ex99-1 | EX-99.1
4
v424012_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
CONTACT
Shelly Taylor
(800) 978-8136
NEWS RELEASE
[email protected]
FOR IMMEDIATE RELEASE
Summit
Healthcare REIT, Inc. acquires four assisted living
and
memory care facilities in Wisconsin
Lake Forest, Calif., (November 5, 2015)
- Summit Healthcare REIT, Inc. ("Summit" or the "REIT") announced today that it has acquired four
Wisconsin assisted living and memory care facilities. The properties are located in the cities of Green Bay and Appleton, and were
purchased for approximately $18.4 million on November 2, 2015.
The facilities, which have a total of 125
units, have been triple-net leased pursuant to a 12-year term to an affiliate of Compass Senior Living, LLC ("Compass")
which is headquartered in Eugene, Oregon. Its principals, Dennis Garboden and Will Forsyth, have over 30 years of combined experience
in senior housing. Compass also operates another property in the REIT's portfolio.
"We look forward to working again
with Compass on these four new acquisitions", said Kent Eikanas, President and Chief Operating Officer of Summit Healthcare
REIT, Inc. "We have been very pleased with the job they have done for us so far".
About Summit Healthcare REIT, Inc.
Summit is a publicly registered non-traded
REIT that is currently focused on investing in senior housing real estate located throughout the United States. The current portfolio
includes interests in 25 long-term triple-net leased healthcare facilities. Please visit our website at:
http://www.summithealthcarereit.com
For more information, please contact Shelly
Taylor at (800) 978-8136.
This material does not constitute an
offer to sell or a solicitation of an offer to buy Summit Healthcare REIT, Inc.
This release may contain forward-looking
statements relating to the business and financial outlook of Summit Healthcare REIT, Inc. that are based on our current expectations,
estimates, forecasts and projections and are not guarantees of future performance. Actual results may differ materially from those
expressed in these forward-looking statements, and you should not place undue reliance on any such statements. A number of important
factors could cause actual results to differ materially from any forward-looking statements contained in this release. Such factors
include those described in the Risk Factors sections of the Company's annual report on Form 10-K for the year ended December
31, 2014, and quarterly reports for the periods ended March 31, 2015, and June 30, 2015. Forward-looking statements in this document
speak only as of the date on which such statements were made, and we undertake no obligation to update any such statements that
may become untrue because of subsequent events. We claim the safe harbor protection for forward-looking statements contained in
the Private Securities Litigation Reform Act of 1995.
###
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"(",
"\"",
"Summit",
"\"",
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"\"",
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"assisted",
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"Oregon",
".",
"Its",
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"Dennis",
"Garboden",
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"Will",
"Forsyth",
",",
"have",
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"\"",
",",
"said",
"Kent",
"Eikanas",
",",
"President",
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"Operating",
"Officer",
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"Summit",
"Healthcare",
"REIT",
",",
"Inc",
".",
"\"",
"We",
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"very",
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"have",
"done",
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"us",
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"far",
"\"",
".",
"About",
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"Healthcare",
"REIT",
",",
"Inc",
".",
"Summit",
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"a",
"publicly",
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"non",
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"REIT",
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"-",
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"triple",
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"Please",
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"http://www.summithealthcarereit.com",
"For",
"more",
"information",
",",
"please",
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"Shelly",
"Taylor",
"at",
"(",
"800",
")",
"978",
"-",
"8136",
".",
"This",
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"offer",
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"sell",
"or",
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"-",
"looking",
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"A",
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"-",
"looking",
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25895-000143774917020816-ex_101833 | EX-99.1
4
ex_101833.htm
EXHIBIT 99.1
ex_101833.htm
Exhibit 99.1
For immediate release
December 18, 2017
Crown Crafts
, Inc.
Enters Into Developmental Toy/Feeding/Baby Care Category
With Acquisition of Sassy®
Gonzales, Louisiana
- Hamco, Inc., a wholly owned subsidiary of Crown Crafts, Inc. (NASDAQ-CM: CRWS), ("Crown Crafts" or the "Company"), today announced the acquisition of the Sassy®-branded developmental toy, feeding and baby care product line of Sassy 14, LLC ("Sassy").
At closing, which was effective after the close of business on Friday, December 15, 2017, the Company paid a preliminary purchase price of $6.5 million for the inventory, intellectual property and certain other assets associated with the Sassy product line and assumed certain related liabilities. The final purchase price, which will be funded from a combination of cash on hand and the Company
's existing revolving credit facility, is subject to adjustment pending the completion of the final inventory valuation. The acquisition is expected to contribute approximately $11 million in net sales annually and to be immediately accretive to earnings.
The Company
plans to immediately integrate the sourcing and sales of the Sassy product line into the Company's facility in Gonzales, Louisiana, while maintaining a product development office in Grand Rapids, Michigan. Through the end of fiscal year 2018, distribution will be provided by a third-party facility in Grand Rapids, where the inventory is currently located. In the first quarter of fiscal year 2019, the Company anticipates a cost of approximately $200,000 to move the remaining inventory to Compton, California, at which time distribution will be integrated into the Company's facility there.
Sassy
, based in Grand Rapids, Michigan, designs innovative, developmental and sensory products that help provide a solid foundation for lifelong learning. Founded in 1982, Sassy became known for the breakthrough Sassy Seat® and later expanded its line to include developmental toys, feeding and baby care products, and disposables. Known as the original developmental infant toy company, Sassy's products include developmental toys, playmats, crib and toy mirrors, bath toys and accessories, feeding products, teethers, organizers and grooming items. Sassy products are sold nationwide through mass-market and specialty retailers, including Walmart, Target and Babies "R" Us. Sassy products are also sold worldwide in approximately 30 countries. More information can be found on
www.sassybaby.com
.
"The addition of Sassy
's well-known brand of developmental baby products to Crown Crafts' portfolio diversifies our offerings and strengthens our position in the infant and juvenile products market", said E. Randall Chestnut, Chairman, President and Chief Executive Officer of the Company. "Sassy has been a dominant player in developmental toys, feeding and care for more than 30 years and will complement our existing business well. We are very excited about our opportunities for strategic growth in this new category", Chestnut continued.
"
Sassy has always set itself apart by creating innovative products that align with babies' learning and developmental milestones", said Susan Hinshaw, who will join the Company from Sassy as Senior Vice President of Marketing. "We are very proud of the brand we've built and we are thrilled about our opportunities for continued growth and expansion as part of the Crown Crafts team".
D.A. Davidson & Company acted as exclusive financial advisor to Sassy on this transaction.
About Crown Crafts, Inc.
Crown Crafts, Inc., founded in 1957, is one of America
's largest producers of infant bedding, toddler bedding and bibs. Crown Crafts, Inc. operates through its three wholly-owned subsidiaries, Crown Crafts Infant Products, Inc., Hamco, Inc. and Carousel Designs, LLC. The Company's subsidiaries market a variety of infant, toddler and juvenile products under Company-owned trademarks as well as licensed collections and exclusive private label programs. Sales are made directly to retailers such as mass merchants, large chain stores and juvenile specialty stores, as well as directly to consumers through
www.babybedding.com
. For more information, visit the Company's website at
www.crowncrafts.com
.
Forward-Looking Statements
The foregoing contains forward-looking statements within the meaning of the Securities Act of 1933, the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Such statements are based upon management
'
s current expectations, projections, estimates and assumptions. Words such as
"
expects,
"
"
believes,
"
"
anticipates
"
and variations of such words and similar expressions identify such forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties that may cause future results to differ materially from those suggested by the forward-looking statements. These risks include, among others, general economic conditions, including changes in interest rates, in the overall level of consumer spending and in the price of oil, cotton and other raw materials used in the Company
'
s products, changing competition, changes in the retail environment,
the Company's ability to successfully integrate newly acquired businesses,
the level and pricing of future orders from the Company
'
s customers, the extent to which the Company
'
s business is concentrated in a small number of customers, the Company
'
s dependence upon third-party suppliers, including some located in foreign countries, customer acceptance of both new designs and newly-introduced product lines, actions of competitors that may impact the Company
'
s business, disruptions to transportation systems or shipping lanes used by the Company or its suppliers, and the Company
'
s dependence upon licenses from third parties. Reference is also made to the Company
'
s periodic filings with the Securities and Exchange Commission for additional factors that may impact the Company
'
s results of operations and financial condition. The Company does not undertake to update the forward-looking statements contained herein to conform to actual results or changes in our expectations, whether as a result of new information, future events or otherwise.
Contact:
Olivia W. Elliott
Vice President and Chief Financial Officer
(225) 647-9124
[email protected]
| [
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"2018",
",",
"distribution",
"will",
"be",
"provided",
"by",
"a",
"third",
"-",
"party",
"facility",
"in",
"Grand",
"Rapids",
",",
"where",
"the",
"inventory",
"is",
"currently",
"located",
".",
"In",
"the",
"first",
"quarter",
"of",
"fiscal",
"year",
"2019",
",",
"the",
"Company",
"anticipates",
"a",
"cost",
"of",
"approximately",
"$",
"200,000",
"to",
"move",
"the",
"remaining",
"inventory",
"to",
"Compton",
",",
"California",
",",
"at",
"which",
"time",
"distribution",
"will",
"be",
"integrated",
"into",
"the",
"Company",
"'s",
"facility",
"there",
".",
"Sassy",
",",
"based",
"in",
"Grand",
"Rapids",
",",
"Michigan",
",",
"designs",
"innovative",
",",
"developmental",
"and",
"sensory",
"products",
"that",
"help",
"provide",
"a",
"solid",
"foundation",
"for",
"lifelong",
"learning",
".",
"Founded",
"in",
"1982",
",",
"Sassy",
"became",
"known",
"for",
"the",
"breakthrough",
"Sassy",
"Seat",
"®",
"and",
"later",
"expanded",
"its",
"line",
"to",
"include",
"developmental",
"toys",
",",
"feeding",
"and",
"baby",
"care",
"products",
",",
"and",
"disposables",
".",
"Known",
"as",
"the",
"original",
"developmental",
"infant",
"toy",
"company",
",",
"Sassy",
"'s",
"products",
"include",
"developmental",
"toys",
",",
"playmats",
",",
"crib",
"and",
"toy",
"mirrors",
",",
"bath",
"toys",
"and",
"accessories",
",",
"feeding",
"products",
",",
"teethers",
",",
"organizers",
"and",
"grooming",
"items",
".",
"Sassy",
"products",
"are",
"sold",
"nationwide",
"through",
"mass",
"-",
"market",
"and",
"specialty",
"retailers",
",",
"including",
"Walmart",
",",
"Target",
"and",
"Babies",
"\"",
"R",
"\"",
"Us",
".",
"Sassy",
"products",
"are",
"also",
"sold",
"worldwide",
"in",
"approximately",
"30",
"countries",
".",
"More",
"information",
"can",
"be",
"found",
"on",
"www.sassybaby.com",
".",
"\"",
"The",
"addition",
"of",
"Sassy",
"'s",
"well",
"-",
"known",
"brand",
"of",
"developmental",
"baby",
"products",
"to",
"Crown",
"Crafts",
"'",
"portfolio",
"diversifies",
"our",
"offerings",
"and",
"strengthens",
"our",
"position",
"in",
"the",
"infant",
"and",
"juvenile",
"products",
"market",
"\"",
",",
"said",
"E",
".",
"Randall",
"Chestnut",
",",
"Chairman",
",",
"President",
"and",
"Chief",
"Executive",
"Officer",
"of",
"the",
"Company",
".",
"\"",
"Sassy",
"has",
"been",
"a",
"dominant",
"player",
"in",
"developmental",
"toys",
",",
"feeding",
"and",
"care",
"for",
"more",
"than",
"30",
"years",
"and",
"will",
"complement",
"our",
"existing",
"business",
"well",
".",
"We",
"are",
"very",
"excited",
"about",
"our",
"opportunities",
"for",
"strategic",
"growth",
"in",
"this",
"new",
"category",
"\"",
",",
"Chestnut",
"continued",
".",
"\"",
"Sassy",
"has",
"always",
"set",
"itself",
"apart",
"by",
"creating",
"innovative",
"products",
"that",
"align",
"with",
"babies",
"'",
"learning",
"and",
"developmental",
"milestones",
"\"",
",",
"said",
"Susan",
"Hinshaw",
",",
"who",
"will",
"join",
"the",
"Company",
"from",
"Sassy",
"as",
"Senior",
"Vice",
"President",
"of",
"Marketing",
".",
"\"",
"We",
"are",
"very",
"proud",
"of",
"the",
"brand",
"we",
"'",
"ve",
"built",
"and",
"we",
"are",
"thrilled",
"about",
"our",
"opportunities",
"for",
"continued",
"growth",
"and",
"expansion",
"as",
"part",
"of",
"the",
"Crown",
"Crafts",
"team",
"\"",
".",
"D",
".",
"A",
".",
"Davidson",
"&",
"Company",
"acted",
"as",
"exclusive",
"financial",
"advisor",
"to",
"Sassy",
"on",
"this",
"transaction",
".",
"About",
"Crown",
"Crafts",
",",
"Inc",
".",
"Crown",
"Crafts",
",",
"Inc",
".",
",",
"founded",
"in",
"1957",
",",
"is",
"one",
"of",
"America",
"'s",
"largest",
"producers",
"of",
"infant",
"bedding",
",",
"toddler",
"bedding",
"and",
"bibs",
".",
"Crown",
"Crafts",
",",
"Inc",
".",
"operates",
"through",
"its",
"three",
"wholly",
"-",
"owned",
"subsidiaries",
",",
"Crown",
"Crafts",
"Infant",
"Products",
",",
"Inc",
".",
",",
"Hamco",
",",
"Inc",
".",
"and",
"Carousel",
"Designs",
",",
"LLC",
".",
"The",
"Company",
"'s",
"subsidiaries",
"market",
"a",
"variety",
"of",
"infant",
",",
"toddler",
"and",
"juvenile",
"products",
"under",
"Company",
"-",
"owned",
"trademarks",
"as",
"well",
"as",
"licensed",
"collections",
"and",
"exclusive",
"private",
"label",
"programs",
".",
"Sales",
"are",
"made",
"directly",
"to",
"retailers",
"such",
"as",
"mass",
"merchants",
",",
"large",
"chain",
"stores",
"and",
"juvenile",
"specialty",
"stores",
",",
"as",
"well",
"as",
"directly",
"to",
"consumers",
"through",
"www.babybedding.com",
".",
"For",
"more",
"information",
",",
"visit",
"the",
"Company",
"'s",
"website",
"at",
"www.crowncrafts.com",
".",
"Forward",
"-",
"Looking",
"Statements",
"The",
"foregoing",
"contains",
"forward",
"-",
"looking",
"statements",
"within",
"the",
"meaning",
"of",
"the",
"Securities",
"Act",
"of",
"1933",
",",
"the",
"Securities",
"Exchange",
"Act",
"of",
"1934",
"and",
"the",
"Private",
"Securities",
"Litigation",
"Reform",
"Act",
"of",
"1995",
".",
"Such",
"statements",
"are",
"based",
"upon",
"management",
"'",
"s",
"current",
"expectations",
",",
"projections",
",",
"estimates",
"and",
"assumptions",
".",
"Words",
"such",
"as",
"\"",
"expects",
",",
"\"",
"\"",
"believes",
",",
"\"",
"\"",
"anticipates",
"\"",
"and",
"variations",
"of",
"such",
"words",
"and",
"similar",
"expressions",
"identify",
"such",
"forward",
"-",
"looking",
"statements",
".",
"Forward",
"-",
"looking",
"statements",
"involve",
"known",
"and",
"unknown",
"risks",
"and",
"uncertainties",
"that",
"may",
"cause",
"future",
"results",
"to",
"differ",
"materially",
"from",
"those",
"suggested",
"by",
"the",
"forward",
"-",
"looking",
"statements",
".",
"These",
"risks",
"include",
",",
"among",
"others",
",",
"general",
"economic",
"conditions",
",",
"including",
"changes",
"in",
"interest",
"rates",
",",
"in",
"the",
"overall",
"level",
"of",
"consumer",
"spending",
"and",
"in",
"the",
"price",
"of",
"oil",
",",
"cotton",
"and",
"other",
"raw",
"materials",
"used",
"in",
"the",
"Company",
"'",
"s",
"products",
",",
"changing",
"competition",
",",
"changes",
"in",
"the",
"retail",
"environment",
",",
"the",
"Company",
"'s",
"ability",
"to",
"successfully",
"integrate",
"newly",
"acquired",
"businesses",
",",
"the",
"level",
"and",
"pricing",
"of",
"future",
"orders",
"from",
"the",
"Company",
"'",
"s",
"customers",
",",
"the",
"extent",
"to",
"which",
"the",
"Company",
"'",
"s",
"business",
"is",
"concentrated",
"in",
"a",
"small",
"number",
"of",
"customers",
",",
"the",
"Company",
"'",
"s",
"dependence",
"upon",
"third",
"-",
"party",
"suppliers",
",",
"including",
"some",
"located",
"in",
"foreign",
"countries",
",",
"customer",
"acceptance",
"of",
"both",
"new",
"designs",
"and",
"newly",
"-",
"introduced",
"product",
"lines",
",",
"actions",
"of",
"competitors",
"that",
"may",
"impact",
"the",
"Company",
"'",
"s",
"business",
",",
"disruptions",
"to",
"transportation",
"systems",
"or",
"shipping",
"lanes",
"used",
"by",
"the",
"Company",
"or",
"its",
"suppliers",
",",
"and",
"the",
"Company",
"'",
"s",
"dependence",
"upon",
"licenses",
"from",
"third",
"parties",
".",
"Reference",
"is",
"also",
"made",
"to",
"the",
"Company",
"'",
"s",
"periodic",
"filings",
"with",
"the",
"Securities",
"and",
"Exchange",
"Commission",
"for",
"additional",
"factors",
"that",
"may",
"impact",
"the",
"Company",
"'",
"s",
"results",
"of",
"operations",
"and",
"financial",
"condition",
".",
"The",
"Company",
"does",
"not",
"undertake",
"to",
"update",
"the",
"forward",
"-",
"looking",
"statements",
"contained",
"herein",
"to",
"conform",
"to",
"actual",
"results",
"or",
"changes",
"in",
"our",
"expectations",
",",
"whether",
"as",
"a",
"result",
"of",
"new",
"information",
",",
"future",
"events",
"or",
"otherwise",
".",
"Contact",
":",
"Olivia",
"W",
".",
"Elliott",
"Vice",
"President",
"and",
"Chief",
"Financial",
"Officer",
"(",
"225",
")",
"647",
"-",
"9124",
"[email protected]"
] | [
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1108967-000143774921027302-ex_309880 | EX-99.1
2
ex_309880.htm
EXHIBIT 99.1 - PRESS RELEASE ANNOUNCING CLOSING OF FRONT LINE POWER CONSTRUCTION, LLC ACQUISITION
ex_309880.htm
Exhibit 99.1
ORBITAL ENERGY GROUP, INC. ANNOUNCES ACQUISITION OF FRONT LINE POWER CONSTRUCTION LLC
Synergistic Acquisition Expected to be Immediately Accretive to Revenue and Earnings and Completes OEG
'
s Transformation into a Full-Service Infrastructure Service Provider
HOUSTON, (November 17, 2021)
- Orbital Energy Group, Inc. (NASDAQ: OEG) ("OEG") today announced it has acquired 100% of Front Line Power Construction LLC ("Front Line", "FLP", or "Company"), a Houston-based full-service electrical infrastructure service company that provides construction, maintenance, and emergency response services for customers since 2010.
The transaction will immediately add significant revenues and earnings to OEG. For the calendar year 2020, FLP's audited results include gross revenues of approximately $58.8 million. Acquiring Front Line moves OEG into a cash flow & EBITDA positive position for 2022, with expected revenues approaching $325,000,000 and EBITDA of 10% or more.
Approximately 90% of FLP's revenues are under multi-year master service agreements with electric utility and telecommunication customers. FLP's excellent track record of safely executing projects for customers has resulted in a revenue compound annual growth rate (CAGR) and EBITDA growth of more than 20% over the last four years.
FLP specializes in installing and maintaining electrical distribution systems and substation infrastructure throughout Texas. The Company is led by Kurt Johnson, who has over 20 years of experience in the electric power, telecommunications, and industrial sectors. The Company serves investor owned utilities, electric cooperatives, telecommunications, and industry customers and has approximately 185 employees.
Front Line will become a wholly-owned subsidiary of OEG. The senior management team, including CEO & Founder, Kurt Johnson, will remain with the company. OEG expects no organizational changes to FLP's successful, long-term operations.
"Front Line Power is the ideal acquisition to serve as our electric power infrastructure platform and to profitably build revenues both organically and through synergistic acquisitions going forward. Further, it enhances OEG's transformation into a full-service energy infrastructure services platform." Stated Jim O'Neil, OEG's Chief Executive Officer and Vice-Chairman, "FLP's remarkable growth is a testament to its ability to proactively provide customers with a comprehensive range of solutions in a market that has significant momentum driven by aging infrastructure, a transition to renewable generation, and in a state, Texas, that has experienced significant population growth".
The Membership Unit Purchase Agreement calls for purchase of the outstanding membership interest in FLP for a gross purchase price of $218.4 million. The purchase is being funded by a $105.0 million 5-year Term Loan, 2-year restricted shares of OEG common stock, and an approximate $85.0 million Promissory Note held by the Sellers.
The term loan is being provided by a consortium of Irradiant Partners, Angelo Gordon, and Barings. Orbital Energy Group was advised by Piper Sandler & Co. FLP was advised and represented in this transaction by Romanchuk & Co.
"Of the many acquisitions in which I have been directly involved in this industry during my career, this transaction with Front Line Power ranks as one of the best. Kurt's leadership style and core values, strategic mindset, and care for his employees and customers coupled with the outstanding job he has done building Front Line Power is highly valued by myself and my board of directors", O'Neil continued. "I look forward to working with Kurt to advance OEG, through its new electric power infrastructure platform, Front Line, to expand our service offerings, geographic footprint, and customer base, and to create shareholder value for years to come".
"Front Line has reached a level where it is important for me to partner with OEG and a proven industry leader like Jim O'Neil to provide long term opportunities for my employees as well as enable us to meet the increasing demands of our customers", explained FLP's Founder & CEO, Kurt Johnson. "As OEG's electrical power platform, I look forward to teaming with Jim, who shares my values and vision, to take our company to the next level".
About Orbital
Orbital Energy Group, Inc. (Nasdaq: OEG) is creating a diversified energy services platform through the acquisition and development of innovative companies. Orbital Energy's group of businesses includes Orbital Power Services, Orbital Solar Services, Orbital Telecom Services and Orbital Gas Systems.
Orbital Power Services provides engineering, construction, maintenance and emergency response solutions to the power, utilities, and midstream markets.
Orbital Solar Services provides engineering, procurement, and construction ("EPC") expertise in the renewable energy industry and established relationships with solar developers and panel manufacturers in the utility scale solar market.
Orbital Telecom Services, operating as Gibson Technical Services, has nationwide locations equipped to effectively support multi-vendor OEM technology environments and outside plant construction operations on an as-needed basis with specialized services in broadband, wireless, outside plant and building technologies, including healthcare. Orbital Gas Systems is a 30-year leader in innovative gas solutions, serving the energy, power and processing markets through the design, installation and commissioning of industrial gas sampling, measurement, and delivery systems.
As a publicly traded company, Orbital Energy is dedicated to maximizing shareholder value. But most important, our commitment to conduct business with a high level of integrity, respect, and philanthropic dedication allows the organization to make a difference in the lives of their customers, employees, investors, and global community.
For more information please visit: www.orbitalenergygroup.com
Forward Looking Statements
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and Private Securities Litigation Reform Act, as amended, including those relating to the expected use of proceeds. These statements may be identified by the use of forward-looking expressions, including, but not limited to,
"
expect,
"
"
anticipate,
"
"
intend,
"
"
plan,
"
"
believe,
"
"
estimate,
"
"
potential,
"
"
predict,
"
"
project,
"
"
should,
"
"
would
"
and similar expressions and the negatives of those terms. These statements relate to future events and involve known and unknown risks, uncertainties and other factors which may cause actual results, performance, or achievements to be materially different from any results, performance or achievements expressed or implied by the forward-looking statements.
Such factors include the risk factors set forth in the Company
'
s filings with the SEC, including, without limitation, its Annual Report on Form 10-K for the year ended December 31, 2020, its periodic reports on Form 10-Q, and its Current Reports on Form 8-K filed in 2020 and 2021, as well as the risks identified in the shelf registration statement and the prospectus supplement relating to the offering. Prospective investors are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date of this press release. Orbital undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
Investor Relations:
Three Part Advisors
John Beisler or Steven Hooser
817-310-8776
[email protected]
| [
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"partner",
"with",
"OEG",
"and",
"a",
"proven",
"industry",
"leader",
"like",
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"power",
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",",
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",",
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",",
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"\"",
".",
"About",
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"Orbital",
"Energy",
"Group",
",",
"Inc",
".",
"(",
"Nasdaq",
":",
"OEG",
")",
"is",
"creating",
"a",
"diversified",
"energy",
"services",
"platform",
"through",
"the",
"acquisition",
"and",
"development",
"of",
"innovative",
"companies",
".",
"Orbital",
"Energy",
"'s",
"group",
"of",
"businesses",
"includes",
"Orbital",
"Power",
"Services",
",",
"Orbital",
"Solar",
"Services",
",",
"Orbital",
"Telecom",
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"and",
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".",
"Orbital",
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",",
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",",
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",",
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"\"",
"EPC",
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"expertise",
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"and",
"established",
"relationships",
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"developers",
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"panel",
"manufacturers",
"in",
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"scale",
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".",
"Orbital",
"Telecom",
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",",
"operating",
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",",
"has",
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"locations",
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"support",
"multi",
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"OEM",
"technology",
"environments",
"and",
"outside",
"plant",
"construction",
"operations",
"on",
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",",
"wireless",
",",
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"technologies",
",",
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".",
"Orbital",
"Gas",
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"is",
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"-",
"year",
"leader",
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",",
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",",
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",",
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".",
"As",
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"traded",
"company",
",",
"Orbital",
"Energy",
"is",
"dedicated",
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"value",
".",
"But",
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",",
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"commitment",
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"conduct",
"business",
"with",
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"level",
"of",
"integrity",
",",
"respect",
",",
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",",
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",",
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",",
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".",
"For",
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"information",
"please",
"visit",
":",
"www.orbitalenergygroup.com",
"Forward",
"Looking",
"Statements",
"This",
"press",
"release",
"contains",
"certain",
"forward",
"-",
"looking",
"statements",
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"meaning",
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"Section",
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"Act",
"of",
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"and",
"Section",
"21E",
"of",
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"Exchange",
"Act",
"of",
"1934",
"and",
"Private",
"Securities",
"Litigation",
"Reform",
"Act",
",",
"as",
"amended",
",",
"including",
"those",
"relating",
"to",
"the",
"expected",
"use",
"of",
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".",
"These",
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"identified",
"by",
"the",
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"-",
"looking",
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",",
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"\"",
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"\"",
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",",
"\"",
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"\"",
"\"",
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",",
"\"",
"\"",
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",",
"\"",
"\"",
"would",
"\"",
"and",
"similar",
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"and",
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"terms",
".",
"These",
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"events",
"and",
"involve",
"known",
"and",
"unknown",
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",",
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"set",
"forth",
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"'",
"s",
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",",
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"-",
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"Prospective",
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"such",
"forward",
"-",
"looking",
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",",
"which",
"speak",
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"as",
"of",
"the",
"date",
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"press",
"release",
".",
"Orbital",
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",",
"future",
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".",
"Investor",
"Relations",
":",
"Three",
"Part",
"Advisors",
"John",
"Beisler",
"or",
"Steven",
"Hooser",
"817",
"-",
"310",
"-",
"8776",
"[email protected]"
] | [
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] |
1287668-000114420407059036-v092954_ex99-1 | EX-99.1
141
v092954_ex99-1.htm
Unassociated Document
FOR
FURTHER INFORMATION:
AT
INVESTOR RELATIONS INTL:
Zachary
Bryant
Vice
President and Account Group Manager
Ph:
818-382-9718
[email protected]
FOR
IMMEDIATE RELEASE
NOVEMBER
8, 2007
CHINA
ARCHITECTURAL ENGINEERING COMPLETES ACQUISITION OF TECHWELL ENGINEERING
LTD.
Façade-System
Firm is Valued at $11.7 Million in Stock and Cash
Transaction
ZHUHAI,
CHINA and LOS ANGELES,
November
8, 2007 - China Architectural Engineering, Inc. (CAE) (AMEX:
RCH),
which specializes in the design,
engineering, fabrication and installation of high-end curtain wall systems,
today announced that it has completed the acquisition of 100% interest in
Techwell Engineering Limited, and its subsidiaries, including Hong Kong
Techwell, Techwell Engineering Limited (Hong Kong), Techwell International
Limited (Macau) and Techwell Building Systems Limited (Shenzhen),
collectively known as "Techwell".
The
total
cost of the transaction was approximately $11.7 million, divided equally between
cash and newly issued CAE stock. The value of CAE's stock issued in the
transaction was based on the closing price as quoted on the American Stock
Exchange on November 5, 2007. CAE said it expects the acquisition to be
accretive and substantially add to its revenue base.
"This
acquisition is a natural next step in CAE's already close and mutually
beneficial relationship with Techwell", said Ken Yi Luo, China Architectural
Engineering's Chairman and CEO. "Using Techwell's international engineering
network in China and CAE as a brand and as a public company for capital, we
expect to be able to win more contracts from international investors in Chinese
projects. Using Techwell's experience with international project management and
familiarity with European and American standards, we expect to be able to win
contracts outside of China".
Mr.
Luo
added, "Techwell has project licenses for Hong Kong and Macau as well as
experience in international project management, which may increase the number
of
CAE's international projects and volume of project supplies. Also we expect the
acquisition of Techwell to allow our existing resources - including our strong
design team, research capability, patented technology, brand name and supplies
-
to be used even more efficiently".
Techwell
is a Hong Kong registered company known for its high end curtain wall and
roofing system construction. Techwell has been in business over 20 years and
has
completed numerous façade construction and roofing projects in Southeast Asia.
Techwell is familiar with British Standard and American Standards procedures,
markets and administration. Previously, Techwell and CAE (and its subsidiaries)
collaborated on several curtain wall and roofing system projects in China.
These
projects have included: Shenzhen International Airport, Guangzhou Opera House,
and Wuhan Grand Theatre. Recently Techwell provided project management services
to the Doha project in Qatar.
After
the
acquisition of Techwell, CAE expects to utilize that Company's vast
international project management experience along with CAE's existing resources
to expand into the international market. This expansion should strengthen the
competitiveness of CAE in the international markets while simultaneously
enhancing the cost efficiency of the project and result in increased realized
profit.
Recently,
CAE and Techwell, joint ventured to bid on several major projects. It is
anticipated that the joint venture bid results will be announced in the near
future.
To
be added to China
Architectural Engineering's investor
lists, please contact Zachary
Bryant
at [email protected]
or at 818-382-9718.
About
China Architectural Engineering, Inc.
China
Architectural Engineering (AMEX: RCH), which began operations in 1992,
specializes in the design, engineering and installation of high-end specialty
curtain wall systems, including glass curtain walls, stone curtain walls, metal
curtain walls, roofing systems, and related products, for public works projects
and commercial real estate. CAE has designed and installed nearly one hundred
projects throughout China, including the National Grand Theater, Exhibition
Conservatory of Beijing Botanical Garden, The COSCO Tower at Changlian Avenue
Beijing, and the Wumen Exhibition Hall in Beijing's Forbidden City, and a number
of commercial structures in Southeast Asia. For further information on China
Architectural Engineering please visit www.caebuilding.com.
Forward
Looking Statements
In
addition to historical information, the statements set forth above include
forward-looking statements that may involve risk and uncertainties that could
cause actual results to differ materially from those in the forward-looking
statements. The forward-looking statements are also identified through use
of
the words "believe", "enable", "may", "will", "could", "intends", "estimate,"
"anticipate", "plan", "predict", "probable", "potential", "possible", "should,"
"continue", and other words of similar meaning. Actual results could differ
materially from the expectations contained in forward-looking statements as
a
result of several factors, including regulatory approval requirements and
competitive conditions. These and other factors that may result in differences
are discussed in greater detail in the Company's reports and other filings
with
the Securities and Exchange Commission.
#
#
#
| [
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"Exchange",
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"\"",
",",
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"Ken",
"Yi Luo",
",",
"China",
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"Engineering",
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"network",
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"CAE",
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"a",
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"capital",
",",
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"contracts",
"from",
"international",
"investors",
"in",
"Chinese",
"projects",
".",
"Using",
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"project",
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"we",
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"\"",
".",
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"venture",
"bid",
"results",
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"the",
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".",
"To",
"be",
"added",
"to",
"China",
"Architectural",
"Engineering",
"'s",
"investor",
"lists",
",",
"please",
"contact",
"Zachary",
"Bryant",
"at",
"[email protected]",
"or",
"at",
"818",
"-",
"382",
"-",
"9718",
".",
"About",
"China",
"Architectural",
"Engineering",
",",
"Inc",
".",
"China",
"Architectural",
"Engineering",
"(",
"AMEX",
":",
"RCH",
")",
",",
"which",
"began",
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",",
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",",
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750901-000110465906004462-a06-3444_1ex99d1 | EX-99.1
4
a06-3444_1ex99d1.htm
EXHIBIT 99
Exhibit 99.1
Fischer Imaging Reports Service Arrangement with Kodak
DENVER, Jan.
25, 2006 - Fischer Imaging Corporation
(FIMG.PK) entered into an arrangement on January 23, 2006 with Eastman Kodak
Company ("Kodak") for Kodak to offer service and support to the world-wide
installed base of Fischer's mammography products, including SenoScan® digital
mammography and MammoTest® stereotactic breast biopsy systems. As reported earlier, Fischer consummated the
sale of its Mammography Assets (all intellectual property rights used in
Fischer's mammography business, including the SenoScan® and MammoTest® systems)
to Hologic, Inc. on September 29, 2005 ("Hologic Sale"). Fischer, with Hologic's consent, granted
Kodak a non-exclusive limited license to use certain Mammography Assets
necessary to provide service and support on the installed base of SenoScan and
MammoTest systems (the "Service business").
Under the agreement, it is expected that
Kodak's Health Group will provide post-sale support, including telephone customer
technical support and on-site equipment repair and maintenance, to Fischer's
Service customers who enter into a Kodak Service Agreement. "We believe this arrangement will provide our
Mammography customers with access to repair and maintenance support from a
large, reputable and highly responsive organization", said Dr. Gail Schoettler,
Chairperson of the Board.
As a result of this arrangement, Fischer will
notify all of its Mammography service customers and suppliers of Kodak's role
as an authorized service provider. Kodak
will contact Mammography service customers and offer them the opportunity to
enter into a service agreement directly with Kodak. Fischer will offer those customers who desire
to enter into a Service Agreement with Kodak, the ability to terminate their
current service contracts with Fischer without penalty. In addition, Fischer expects to enter into
Service Agreements with Kodak to arrange for Fischer's customers with equipment
still under manufacturer's warranty to receive service and support from Kodak
at no additional cost to those customers. Kodak will also have the right to
have spare parts and consumables manufactured for its use, sale and
distribution.
Fischer intends to continue its Service
business until April 21, 2006, as well as fulfill its contractual obligations
to provide MammoTest to Ethicon Endo-Surgery while it explores strategic
alternatives for its radiology, electrophysiology, and surgical (RE&S)
business. As discussed more fully in the
Form 10-Q for the quarter ended September 30, 2005, management cannot
accurately estimate the amount of distribution to its stockholders, if any,
from the proceeds of the Hologic Sale until the following are finalized or
resolved:
.
decisions related to the strategic alternatives being
investigated, including selling the RE&S business;
.
strategy to exit or reduce costs in the Fischer's
European market;
.
the resolution of Philips' previously announced
intent to terminate its master supply agreement with Fischer;
.
outcome of certain threatened litigation; and
.
the Food and Drug Administration's (FDA)
response to Fischer's corrective action plan to address observations from FDA
inspections.
About Fischer Imaging
Fischer Imaging Corporation services and
manufactures medical imaging systems for the screening and diagnosis of
disease. Fischer Imaging began producing general-purpose x-ray imaging systems
in 1910
and
is the oldest manufacturer of x-ray imaging
devices in the United States. For more information, visit www.fischerimaging.com.
About Kodak's Health Group
Kodak's
Health Group, with 2004 revenues of $2.68 billion, supplies the medical and
dental professions with traditional and digital imaging and information
systems. Its portfolio includes picture archiving and communications systems
(PACS), radiology information systems (RIS), IT solutions, clinical information
solutions, computed and digital radiography systems, laser imagers, mammography
and oncology systems, x-ray film systems, and dental imaging products. Its services
portfolio includes everything from repair and maintenance, to professional
services encompassing integration, storage and archiving, secure e-mail
services - and much more.
Kodak's other major businesses include: Graphic Communications - providing customers
with a range of solutions for prepress, traditional and digital printing, and
document scanning and multi-vendor IT services; Digital & Film Imaging
Systems - providing consumers, professionals and cinematographers with digital
and traditional products and services; and Display & Components - supplying
original equipment manufacturers with imaging sensors as well as intellectual
property and materials for the organic light-emitting diode (OLED) and LCD
display industries.
For
more information about Kodak (NYSE:EK) visit www.kodak.com.
Forward-looking Statements
Certain statements
contained in this News Release constitute "forward-looking" statements within
the meaning of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements include:
Kodak's provision of post-sale support to Fischer's Service customers,
Fischer's ability to satisfy service and warranty and product distribution
obligations until the Kodak transition is complete and to facilitate the
transition, plans to sell the RE&S business, resolution of Philips'
announced intent to terminate the Philips Agreement, our plans with respect to
our European operations, the effect on
Fischer of potential or continuing litigation, resolution of FDA matters and
the impact of the foregoing on potential distributions to stockholders. Such forward-looking statements involve a
number of known and unknown risks, uncertainties and other factors that may
cause actual results to differ materially from such forward-looking statements,
certain of which are described as "Risk Factors" in our Form 10-K for the
year-ended December 31, 2004 and are discussed in our Forms 10-Q for the
quarters ending March 31, 2005, June 30, 2005 and September 30, 2005. Readers
are cautioned to avoid placing undue reliance on such forward-looking
statements, which speak only as of the date the statements were made. It is recommended that the above referenced
quarterly reports and annual reports be read together with this News Release
and the annual report on form 10-K for the year ended December 31, 2004 to
better understand our business, results of operations and financial condition
as reported in this document.
Contact:
Michael Klatman, Resonant Communications, 303-581-0509
Note:
KODAK is a trademark of Eastman Kodak Company.
| [
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"in",
"Fischer",
"'s",
"mammography",
"business",
",",
"including",
"the",
"SenoScan",
"®",
"and",
"MammoTest",
"®",
"systems",
")",
"to",
"Hologic",
",",
"Inc",
".",
"on",
"September",
"29",
",",
"2005",
"(",
"\"",
"Hologic",
"Sale",
"\"",
")",
".",
"Fischer",
",",
"with",
"Hologic",
"'s",
"consent",
",",
"granted",
"Kodak",
"a",
"non",
"-",
"exclusive",
"limited",
"license",
"to",
"use",
"certain",
"Mammography",
"Assets",
"necessary",
"to",
"provide",
"service",
"and",
"support",
"on",
"the",
"installed",
"base",
"of",
"SenoScan",
"and",
"MammoTest",
"systems",
"(",
"the",
"\"",
"Service",
"business",
"\"",
")",
".",
"Under",
"the",
"agreement",
",",
"it",
"is",
"expected",
"that",
"Kodak",
"'s",
"Health",
"Group",
"will",
"provide",
"post",
"-",
"sale",
"support",
",",
"including",
"telephone",
"customer",
"technical",
"support",
"and",
"on",
"-",
"site",
"equipment",
"repair",
"and",
"maintenance",
",",
"to",
"Fischer",
"'s",
"Service",
"customers",
"who",
"enter",
"into",
"a",
"Kodak",
"Service",
"Agreement",
".",
"\"",
"We",
"believe",
"this",
"arrangement",
"will",
"provide",
"our",
"Mammography",
"customers",
"with",
"access",
"to",
"repair",
"and",
"maintenance",
"support",
"from",
"a",
"large",
",",
"reputable",
"and",
"highly",
"responsive",
"organization",
"\"",
",",
"said",
"Dr",
".",
"Gail",
"Schoettler",
",",
"Chairperson",
"of",
"the",
"Board",
".",
"As",
"a",
"result",
"of",
"this",
"arrangement",
",",
"Fischer",
"will",
"notify",
"all",
"of",
"its",
"Mammography",
"service",
"customers",
"and",
"suppliers",
"of",
"Kodak",
"'s",
"role",
"as",
"an",
"authorized",
"service",
"provider",
".",
"Kodak",
"will",
"contact",
"Mammography",
"service",
"customers",
"and",
"offer",
"them",
"the",
"opportunity",
"to",
"enter",
"into",
"a",
"service",
"agreement",
"directly",
"with",
"Kodak",
".",
"Fischer",
"will",
"offer",
"those",
"customers",
"who",
"desire",
"to",
"enter",
"into",
"a",
"Service",
"Agreement",
"with",
"Kodak",
",",
"the",
"ability",
"to",
"terminate",
"their",
"current",
"service",
"contracts",
"with",
"Fischer",
"without",
"penalty",
".",
"In",
"addition",
",",
"Fischer",
"expects",
"to",
"enter",
"into",
"Service",
"Agreements",
"with",
"Kodak",
"to",
"arrange",
"for",
"Fischer",
"'s",
"customers",
"with",
"equipment",
"still",
"under",
"manufacturer",
"'s",
"warranty",
"to",
"receive",
"service",
"and",
"support",
"from",
"Kodak",
"at",
"no",
"additional",
"cost",
"to",
"those",
"customers",
".",
"Kodak",
"will",
"also",
"have",
"the",
"right",
"to",
"have",
"spare",
"parts",
"and",
"consumables",
"manufactured",
"for",
"its",
"use",
",",
"sale",
"and",
"distribution",
".",
"Fischer",
"intends",
"to",
"continue",
"its",
"Service",
"business",
"until",
"April",
"21",
",",
"2006",
",",
"as",
"well",
"as",
"fulfill",
"its",
"contractual",
"obligations",
"to",
"provide",
"MammoTest",
"to",
"Ethicon",
"Endo",
"-",
"Surgery",
"while",
"it",
"explores",
"strategic",
"alternatives",
"for",
"its",
"radiology",
",",
"electrophysiology",
",",
"and",
"surgical",
"(",
"RE",
"&",
"S",
")",
"business",
".",
"As",
"discussed",
"more",
"fully",
"in",
"the",
"Form",
"10",
"-",
"Q",
"for",
"the",
"quarter",
"ended",
"September",
"30",
",",
"2005",
",",
"management",
"can",
"not",
"accurately",
"estimate",
"the",
"amount",
"of",
"distribution",
"to",
"its",
"stockholders",
",",
"if",
"any",
",",
"from",
"the",
"proceeds",
"of",
"the",
"Hologic",
"Sale",
"until",
"the",
"following",
"are",
"finalized",
"or",
"resolved",
":",
".",
"decisions",
"related",
"to",
"the",
"strategic",
"alternatives",
"being",
"investigated",
",",
"including",
"selling",
"the",
"RE",
"&",
"S",
"business",
";",
".",
"strategy",
"to",
"exit",
"or",
"reduce",
"costs",
"in",
"the",
"Fischer",
"'s",
"European",
"market",
";",
".",
"the",
"resolution",
"of",
"Philips",
"'",
"previously",
"announced",
"intent",
"to",
"terminate",
"its",
"master",
"supply",
"agreement",
"with",
"Fischer",
";",
".",
"outcome",
"of",
"certain",
"threatened",
"litigation",
";",
"and",
".",
"the",
"Food",
"and",
"Drug",
"Administration",
"'s",
"(",
"FDA",
")",
"response",
"to",
"Fischer",
"'s",
"corrective",
"action",
"plan",
"to",
"address",
"observations",
"from",
"FDA",
"inspections",
".",
"About",
"Fischer",
"Imaging",
"Fischer",
"Imaging",
"Corporation",
"services",
"and",
"manufactures",
"medical",
"imaging",
"systems",
"for",
"the",
"screening",
"and",
"diagnosis",
"of",
"disease",
".",
"Fischer",
"Imaging",
"began",
"producing",
"general",
"-",
"purpose",
"x",
"-",
"ray",
"imaging",
"systems",
"in",
"1910",
"and",
"is",
"the",
"oldest",
"manufacturer",
"of",
"x",
"-",
"ray",
"imaging",
"devices",
"in",
"the",
"United",
"States",
".",
"For",
"more",
"information",
",",
"visit",
"www.fischerimaging.com",
".",
"About",
"Kodak",
"'s",
"Health",
"Group",
"Kodak",
"'s",
"Health",
"Group",
",",
"with",
"2004",
"revenues",
"of",
"$",
"2.68 billion",
",",
"supplies",
"the",
"medical",
"and",
"dental",
"professions",
"with",
"traditional",
"and",
"digital",
"imaging",
"and",
"information",
"systems",
".",
"Its",
"portfolio",
"includes",
"picture",
"archiving",
"and",
"communications",
"systems",
"(",
"PACS",
")",
",",
"radiology",
"information",
"systems",
"(",
"RIS",
")",
",",
"IT",
"solutions",
",",
"clinical",
"information",
"solutions",
",",
"computed",
"and",
"digital",
"radiography",
"systems",
",",
"laser",
"imagers",
",",
"mammography",
"and",
"oncology",
"systems",
",",
"x",
"-",
"ray",
"film",
"systems",
",",
"and",
"dental",
"imaging",
"products",
".",
"Its",
"services",
"portfolio",
"includes",
"everything",
"from",
"repair",
"and",
"maintenance",
",",
"to",
"professional",
"services",
"encompassing",
"integration",
",",
"storage",
"and",
"archiving",
",",
"secure",
"e",
"-",
"mail",
"services",
"-",
"and",
"much",
"more",
".",
"Kodak",
"'s",
"other",
"major",
"businesses",
"include",
":",
"Graphic",
"Communications",
"-",
"providing",
"customers",
"with",
"a",
"range",
"of",
"solutions",
"for",
"prepress",
",",
"traditional",
"and",
"digital",
"printing",
",",
"and",
"document",
"scanning",
"and",
"multi",
"-",
"vendor",
"IT",
"services",
";",
"Digital",
"&",
"Film",
"Imaging",
"Systems",
"-",
"providing",
"consumers",
",",
"professionals",
"and",
"cinematographers",
"with",
"digital",
"and",
"traditional",
"products",
"and",
"services",
";",
"and",
"Display",
"&",
"Components",
"-",
"supplying",
"original",
"equipment",
"manufacturers",
"with",
"imaging",
"sensors",
"as",
"well",
"as",
"intellectual",
"property",
"and",
"materials",
"for",
"the",
"organic",
"light",
"-",
"emitting",
"diode",
"(",
"OLED",
")",
"and",
"LCD",
"display",
"industries",
".",
"For",
"more",
"information",
"about",
"Kodak",
"(",
"NYSE",
":",
"EK",
")",
"visit",
"www.kodak.com",
".",
"Forward",
"-",
"looking",
"Statements",
"Certain",
"statements",
"contained",
"in",
"this",
"News",
"Release",
"constitute",
"\"",
"forward",
"-",
"looking",
"\"",
"statements",
"within",
"the",
"meaning",
"of",
"the",
"Private",
"Securities",
"Litigation",
"Reform",
"Act",
"of",
"1995",
".",
"These",
"forward",
"-",
"looking",
"statements",
"include",
":",
"Kodak",
"'s",
"provision",
"of",
"post",
"-",
"sale",
"support",
"to",
"Fischer",
"'s",
"Service",
"customers",
",",
"Fischer",
"'s",
"ability",
"to",
"satisfy",
"service",
"and",
"warranty",
"and",
"product",
"distribution",
"obligations",
"until",
"the",
"Kodak",
"transition",
"is",
"complete",
"and",
"to",
"facilitate",
"the",
"transition",
",",
"plans",
"to",
"sell",
"the",
"RE",
"&",
"S",
"business",
",",
"resolution",
"of",
"Philips",
"'",
"announced",
"intent",
"to",
"terminate",
"the",
"Philips",
"Agreement",
",",
"our",
"plans",
"with",
"respect",
"to",
"our",
"European",
"operations",
",",
"the",
"effect",
"on",
"Fischer",
"of",
"potential",
"or",
"continuing",
"litigation",
",",
"resolution",
"of",
"FDA",
"matters",
"and",
"the",
"impact",
"of",
"the",
"foregoing",
"on",
"potential",
"distributions",
"to",
"stockholders",
".",
"Such",
"forward",
"-",
"looking",
"statements",
"involve",
"a",
"number",
"of",
"known",
"and",
"unknown",
"risks",
",",
"uncertainties",
"and",
"other",
"factors",
"that",
"may",
"cause",
"actual",
"results",
"to",
"differ",
"materially",
"from",
"such",
"forward",
"-",
"looking",
"statements",
",",
"certain",
"of",
"which",
"are",
"described",
"as",
"\"",
"Risk",
"Factors",
"\"",
"in",
"our",
"Form",
"10",
"-",
"K",
"for",
"the",
"year",
"-",
"ended",
"December",
"31",
",",
"2004",
"and",
"are",
"discussed",
"in",
"our",
"Forms",
"10",
"-",
"Q",
"for",
"the",
"quarters",
"ending",
"March",
"31",
",",
"2005",
",",
"June",
"30",
",",
"2005",
"and",
"September",
"30",
",",
"2005",
".",
"Readers",
"are",
"cautioned",
"to",
"avoid",
"placing",
"undue",
"reliance",
"on",
"such",
"forward",
"-",
"looking",
"statements",
",",
"which",
"speak",
"only",
"as",
"of",
"the",
"date",
"the",
"statements",
"were",
"made",
".",
"It",
"is",
"recommended",
"that",
"the",
"above",
"referenced",
"quarterly",
"reports",
"and",
"annual",
"reports",
"be",
"read",
"together",
"with",
"this",
"News",
"Release",
"and",
"the",
"annual",
"report",
"on",
"form",
"10",
"-",
"K",
"for",
"the",
"year",
"ended",
"December",
"31",
",",
"2004",
"to",
"better",
"understand",
"our",
"business",
",",
"results",
"of",
"operations",
"and",
"financial",
"condition",
"as",
"reported",
"in",
"this",
"document",
".",
"Contact",
":",
"Michael",
"Klatman",
",",
"Resonant",
"Communications",
",",
"303",
"-",
"581",
"-",
"0509",
"Note",
":",
"KODAK",
"is",
"a",
"trademark",
"of",
"Eastman",
"Kodak",
"Company",
"."
] | [
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"B-Parties.SELLING_COMPANY",
"I-Parties.SELLING_COMPANY",
"I-Parties.SELLING_COMPANY",
"O",
"O",
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"O",
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"O",
"O",
"O",
"O",
"B-Parties.SELLING_COMPANY",
"I-Parties.SELLING_COMPANY",
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"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"B-Parties.SELLING_COMPANY",
"O",
"O",
"O",
"O",
"O",
"B-Parties.ACQUIRED_COMPANY",
"I-Parties.ACQUIRED_COMPANY",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"B-Parties.BUYING_COMPANY",
"I-Parties.BUYING_COMPANY",
"I-Parties.BUYING_COMPANY",
"I-Parties.BUYING_COMPANY",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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1360604-000129993307007480-exhibit9 | EX-99.1
10
exhibit9.htm
EX-99.1
EX-99.1
Contact
: Jill Swartz, 714.667.8252, ext. 251
[email protected]
Grubb & Ellis Healthcare REIT Acquires
Highlands Ranch Healthcare Plaza in Highlands Ranch, Colorado
Santa Ana, California (December 27, 2007) - Grubb & Ellis Healthcare REIT, Inc. has acquired
Highlands Ranch Healthcare Plaza in the Denver suburb of Highlands Ranch, Colorado. The acquisition
closed on December 19, 2007.
Highlands Ranch Healthcare Plaza consists of two adjacent medical office buildings totaling
approximately 80,000 square feet of gross leasable area. Built in 1983 and 1985 on nearly seven
acres, the three-story buildings house a diverse and comprehensive mix of medical services,
including family practice, dermatology, plastic surgery, orthodontics, onsite lab and diagnostic
testing stations, an after-hours urgent care center, and a pharmacy.
Highlands Ranch Healthcare Plaza offers ample parking with 335 parking spaces, resulting in a
parking ratio of 4.2 spaces per 1000 square feet. The property is currently 82 percent occupied by
numerous tenants, including Littleton Pediatric Center, Family & Occupational Medicine and Vision
Care Specialists, P.C.
Highlands Ranch Healthcare Plaza is located less than one mile from the 231-bed Littleton Adventist
Hospital and less than 10 miles from the 156-bed SkyRidge Medical Center. Littleton Adventist
Hospital recently completed a $36 million expansion that added two floors to its south tower.
Highlands Ranch is a 22,000-acre master-planned community in Douglas County, approximately 12 miles
south of Denver, Colorado. In 2005, the community was ranked by Robert Charles Lesser & Co, a
leading independent real estate advisory firm, as one of the top 10 master-planned communities in
the country.
Grubb & Ellis Healthcare REIT purchased the property from BRCP Highlands Ranch, LLC, an
unaffiliated third party, which was represented by Geoff Baukol of CBRE. Financing was provided by
Wachovia Bank, National Association, LaSalle Bank National Association and KeyBank National
Association.
As of December 14, 2007, Grubb & Ellis Healthcare REIT has sold approximately 20.4 million shares
of its common stock, excluding the shares issued under its distribution reinvestment plan, for more
than $203 million through its initial public offering, which began in the third quarter of 2006.
Grubb & Ellis Healthcare REIT offers a monthly distribution of 7.25 percent per annum and has made
17 other geographically-diverse acquisitions valued in excess of $355 million.
About Grubb & Ellis
Grubb & Ellis Company (NYSE: GBE), one of the largest and most respected commercial real estate
services companies, is the sponsor of Grubb & Ellis Healthcare REIT, Inc. With more than 130 owned
and affiliate offices worldwide, Grubb & Ellis offers property owners, corporate occupants
and investors comprehensive integrated real estate solutions, including transaction, management,
consulting and investment advisory services supported by proprietary market research and extensive
local market expertise.
Grubb & Ellis and its subsidiaries are leading sponsors of real estate investment programs that
offer individuals and institutions the opportunity to invest in a broad range of real estate
investment vehicles, including tax-deferred 1031 tenant-in-common (TIC) exchanges, public
non-traded real estate investment trusts (REITs) and real estate investment funds. As of September
30, 2007, nearly $3 billion in investor equity has been raised for these investment programs. Grubb
& Ellis and its subsidiaries currently manage a growing portfolio of more than 214 million square
feet of real estate. In 2007, Grubb & Ellis was selected from among 15,000 vendors as Microsoft
Corporation's Vendor of the Year. For more information regarding Grubb & Ellis Company, please
visit www.grubb-ellis.com.
THIS PRESS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT AN OFFER TO SELL OR THE
SOLICITATION OF AN OFFER TO BUY ANY SECURITIES.
| [
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1309082-000158069518000063-ex99-1 | EX-99.1
5
ex99-1.htm
PRESS RELEASE
CAMBER ENERGY, INC. 8-K
Exhibit 99.1
Camber Energy Announces Extinguishment
of CATI Debt
SAN ANTONIO, TX / ACCESSWIRE /
January 24, 2018 /
Camber Energy, Inc. (NYSE American: CEI) (the "Company" or "Camber"), based in San Antonio,
Texas, a growth-oriented, independent oil and gas company engaged in the development of crude oil, natural gas and natural gas
liquids, announced the release of the remaining debt of its wholly owned subsidiary, CATI Operating, LLC ("CATI").
The Company has concluded a transaction
in which CATI provided its lender with an overriding royalty (equal to 0.01 of 8/8ths of all oil and gas) on CATI's remaining
leasehold and the lender released CATI from all remaining indebtedness. The release, which was received Monday and filed in some
counties that same day, discharged approximately $5.8 million in principal and interest outstanding according to CATI's Lender.
The effective date of the release is December 15, 2017.
Additionally, the remaining leasehold
and ownership of CATI was transferred to a third party in exchange for that party's assumption of all plugging and abandonment
liabilities. That transfer was only effective upon the release of the CATI indebtedness and was subject to the overriding royalty
described above. This transfer further reduced the Company's asset retirement obligations related to the above-mentioned
plugging and abandonment liabilities.
Richard N. Azar II, the CEO of Camber
noted that "this release of indebtedness as well as the transfer of the CATI entity with its assets and liabilities further
improves the Company's balance sheet by reducing its liabilities. This is all consistent with the plan to reduce Company
obligations noted previously in my communications to shareholders".
Mr. Azar added, "These transactions
further position the Company to focus on its core Oklahoma assets while evaluating comparable acquisition opportunities in order
to give us an inventory of lower risk opportunities to add to our reserve base and cash flow".
About Camber Energy, Inc.:
Based in San Antonio, Texas,
Camber Energy (NYSE American: CEI) is a growth-oriented, independent oil and gas company engaged in the development of crude oil,
natural gas and natural gas liquids in the Hunton formation in Central Oklahoma in addition to anticipated project development
in the San Andres formation in the Permian Basin. For more information, please visit the Company's website
at
www.camber.energy
.
Safe Harbor Statement
and Disclaimer
This news release includes
"forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements provide our current expectations, opinion, belief
or forecasts of future events and performance. A statement identified by the use of forward-looking words including "will,"
"may", "expects", "projects", "anticipates", "plans", "believes", "estimate,"
"should", and certain of the other foregoing statements may be deemed forward-looking statements. Although Camber believes
that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties
that may cause actual future activities and results to be materially different from those suggested or described in this news release.
These include risks inherent in natural gas and oil drilling and production activities, including risks of fire, explosion, blowouts,
pipe failure, casing collapse, unusual or unexpected formation pressures, environmental hazards, and other operating and production
risks, which may temporarily or permanently reduce production or cause initial production or test results to not be indicative
of future well performance or delay the timing of sales or completion of drilling operations; delays in receipt of drilling permits;
risks with respect to natural gas and oil prices, a material decline which could cause Camber to delay or suspend planned drilling
operations or reduce production levels; risks relating to the availability of capital to fund drilling operations that can be adversely
affected by adverse drilling results, production declines and declines in natural gas and oil prices; risks relating to unexpected
adverse developments in the status of properties; risks associated with the conditions to closing required to be met to obtain
all but the initial $4 million due pursuant to the terms of the Stock Purchase Agreement; risks relating to the absence or delay
in receipt of government approvals or third party consents; and other risks described in Camber's Annual Report on Form 10-K and
other filings with the SEC, available at the SEC's website at www.sec.gov. Investors
are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may
differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. The
Company takes no obligation to update or correct its own forward-looking statements, except as required by law, or those prepared
by third parties that are not paid for by the Company. The Company's SEC filings are available at http://www.sec.gov.
| [
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"."
] | [
"O",
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] |
5117-000114420410032862-v187965_ex99-1 | EX-99.1
2
v187965_ex99-1.htm
Exhibit
99.1
Media
Contacts:
Emtec,
Inc.
Welz
& Weisel Communications
David
Singer
Nicole
Nolte
Vice
President, Marketing
PR
Contact
P:
973-232-7880
P:
703-218-3555
[email protected]
[email protected]
Emtec
Enriches Services
Portfolio with
Acquisition of Secure Data
Incorporated
Acquisition
Expands Footprint of Federal and Commercial Clients
Marlton, NJ - June 9, 2010
-
Emtec,
Inc. (OTCBB: ETEC), a niche systems integrator, announced that it has acquired
through its subsidiary, Emtec Federal, Inc., all of the outstanding stock of
Secure Data, Inc. (SDI). The company is a veteran-owned, application services
consulting firm specializing in developing financial and custom web business
applications. SDI's focus has been on agencies within the federal government,
primarily the Department of Defense (DoD) and select commercial
clients.
This is
the second application development acquisition made by Emtec this year. SDI adds
critical project-based application development capabilities for Emtec in the
U.S. and will be a cornerstone of its application services practice in North
America. In addition, the acquisition enhances Emtec's presence in the
Mid-West. Headquartered in O'Fallon, Illinois, a suburb of St. Louis,
Missouri, SDI is a strategic regional complement to Emtec's current office in
the Chicago suburb of Naperville, Illinois and will increase the company's
ability to offer its full portfolio of services in the region.
Ray
Kelly, SDI CEO, will assume the position of Client Executive Director within
Emtec Federal, reporting directly to Brian Mandel, Executive Vice President,
Public Sector. "We are pleased to join Emtec, said
Kelly. "We believe their vision, scale, and portfolio will help us
expand our relationships with our own clients and add a new set of offerings for
all of Emtec's clients. We have been impressed with the speed and
professionalism with which they worked to pull our teams together".
"The
strategic acquisition of SDI continues us on our path of becoming a niche
world-class systems integrator", said Dinesh Desai, Emtec Chairman, CEO, and
President. "In addition to acquiring these new service capabilities we are
adding a highly talented team of IT professionals, many with advanced degrees
and federal government security clearances".
SDI's
development process consists of a set of strict standards to ensure that the
final product is sound and provides the solution for which it was built. These
standards allow the company to offer a variety of software development and
enterprise solutions to its clients including:
·
Custom
application development
·
Business
process redesign
·
Network
management
·
Security
·
Workplace
messaging and collaboration
"SDI is
an extraordinary firm with exceptional individuals providing professional
services to the DoD community", said Brian Mandel. "Adding this to
our DoD and, indeed, our entire Federal portfolio is significant and will
accelerate our growth in this strategic area".
Emtec, Inc.
Emtec, Inc. established in 1964, is a
niche systems integrator providing IT services
and products to the federal, state, local, education and commercial markets.
Emtec helps clients identify and prioritize areas for improvement and then
implement process, technology and business application improvements that reduce
cost, improve service and align the delivery of IT with the needs of their
organization. Emtec's market leading value based management methods, coupled
with best-in-class IT technology, consulting and development services, allow us
to address a wide range of specific client needs, as well as support broader IT
transformation initiatives. Emtec's service capabilities span the
USA, Canada and countries
around the globe. For more information visit: www.emtecinc.com.
###
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":",
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".",
"#",
"#",
"#"
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712815-000110465905057534-a05-20832_1ex99d1 | EX-99.1
3
a05-20832_1ex99d1.htm
EXHIBIT 99
Exhibit 99.1
Summary:
Aspyra, Inc. (AMEX - APY) announces
closing of merger
between CCA and StorCOMM, Inc.
Contact:
Steven
M. Besbeck
President
and CEO
818.880.6700 x252
FOR IMMEDIATE RELEASE
CALABASAS, CALIFORNIA, (November 23,
2005)… Aspyra, Inc. (AMEX - APY) …
today announced
the successful completion of the merger between Creative Computer Applications, Inc.
(CCA) a provider of clinical information systems (CIS) for hospital and
clinic-based laboratories, pharmacies and medical imaging department, and
StorCOMM, Inc. (StorCOMM) a provider of Picture Archiving Communication
Systems (PACS) and clinical image management systems for the medical imaging
market. The newly merged company is
named Aspyra, Inc.
The transaction was approved by the shareholders of StorCOMM on November 18,
2005 and by the shareholders of CCA on November 21, 2005. The CCA shareholders also approved the
private placement of 1,500,000 common shares and 300,000 warrants for an
aggregate purchase price of $3,000,000.
The corporate headquarters are located in Calabasas, CA, with additional
offices in Jacksonville, FL and international offices located in West Sussex,
UK.
Steven M. Besbeck, President and CEO of Aspyra states: "We are pleased
to complete the closing of the merger and announcement of the new name of our
company, Aspyra, Inc. The combined experience and talent of the two
companies creates a synergy that opens the doors to new product opportunities
that will empower caregivers to provide a higher level of quality patient care.
This is also evident in the meaning of our company name Aspyra- to reach for
and achieve success".
Sam Elliott, Chief International Officer of Aspyra adds: "By providing a single vendor solution for
the global clinical and diagnostic marketplace, we have positioned the company
for further expansion and worldwide success. Our products, now and in the
future, will continue to be used in a variety of diverse healthcare settings".
The announcement of the merger completion comes just days before the
debut of AccessRAD, Aspyra's integrated RIS/PACS solution at the Radiological
Society of North America (RSNA) annual meeting held at Chicago's McCormick
Place, November 27 - Dec. 2., Booth 5753, South Hall. AccessRAD is designed to meet the needs of
acute care hospitals, enterprise-wide delivery networks, and large imaging
enterprises, this end-to-end solution automates processes at every point of
patient and encounter workflow.
Aspyra is a global provider of clinical and diagnostic information
solutions for the healthcare industry. We have accumulated over 35 years of
industry experience, specializing in enterprise-wide systems for hospitals,
multi-specialty clinics, clinical laboratories, imaging departments and
centers, orthopedic environments and pharmacies. Our highly scalable products
may be installed as standalone or integrated to provide a single-vendor
solution. For more information on
Aspyra, its products and services, visit www.aspyra.com
Safe Harbor Statement
This press release may include forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995, including
statements related to anticipated revenues, expenses, earnings, operating cash
flows, the outlook for Aspyra's markets and the demand for its products.
Forward-looking statements are not guarantees of future performance and are
inherently subject to uncertainties and other factors which could cause actual
results to differ materially from the forward-looking statement. Such statements are based upon, among other
things, assumptions made by, and information currently available to,
management, including management's own knowledge and assessment of the Company's
industry and competition. Factors that
could cause Aspyra's actual results to differ materially from these
forward-looking statements include among others: whether the combined company
will realize the potential benefits of the merger; the competitive environment;
unexpected technical and marketing difficulties inherent in major product
development efforts; the potential need for changes in our long-term strategy
in response to future developments; future advances in clinical information
technology and procedures, as well as potential changes in government
regulations and healthcare policies; and rapid technological change in the
microelectronics and software industries.
The Company refers interested persons to its most recent Annual Report
on Form 10-KSB and its other SEC filings for a description of additional
uncertainties and factors, which may affect forward-looking statements. The Company assumes no duty to update its
forward-looking statements.
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1439404-000156459021041596-znga-ex991_41 | EX-99.1
2
znga-ex991_41.htm
EX-99.1 - PRESS RELEASE
znga-ex991_41.htm
Exhibit 99.1
Zynga Closes Acquisition of Chartboost, a Leading Mobile Advertising and Monetization Platform
●
Zynga Completes Acquisition of Chartboost effective as of August 4, 2021
●
Chartboost Brings to Zynga a Talented Team and Vast Global Audience
●
Consolidated Entity Combines Top-Tier Content and a Proven At-Scale Advertising and Monetization Platform
SAN FRANCISCO (BUSINESS WIRE) - August 5, 2021-
Zynga Inc. (Nasdaq: ZNGA), a global leader in interactive entertainment, and Chartboost, a leading mobile programmatic advertising and monetization platform, announced today that the companies have closed the transaction under which Zynga acquired 100% of Chartboost for a total purchase price of approximately $250 million in cash. The close of this acquisition is effective as of August 4, 2021.
Chartboost is a unified advertising platform that includes a Demand Side Platform (DSP) as well as Supply Side Platform (SSP) and mediation capabilities delivered through an SDK solution. By leveraging advanced machine learning and data science capabilities, Chartboost brings together premium inventory, global scale and audience-based targeting to optimize programmatic advertising and yields.
Together, Zynga and Chartboost possess all the elements of a complete, next generation platform for mobile advertising leadership: high-quality content, direct player relationships, massive reach and full-stack advertising technology that can be applied across Zynga's game portfolio and Chartboost's advertising partners.
Editor's note:
Key art and broadcast assets available for use at the following link:
https://www.dropbox.com/sh/33v0g7eiebmvxap/AAA_ZksLPygmkeUoQg2oBMyua?dl=0
About Zynga
Zynga is a
global leader in interactive entertainment with a mission to connect the world through games. With massive global reach in more than 175 countries and regions
, Zynga has a diverse portfolio of popular game franchises that have been downloaded more than four billi
on times on mobile, including CSR RacingTM, Empires & PuzzlesTM, Hair ChallengeTM, Harry Potter: Puzzles
& SpellsTM, High Heels!TM, Merge Dragons!TM, Merge Magic!™, Queen BeeTM, Toon Blast™, Toy Blast™, Words With FriendsTM and Zynga PokerTM. With Chartboost, a leading mobile advertising and monetization platform, Zynga is an industry-leading next-generation platform with the ability to optimize programmatic advertising and yields at scale. Founded in 2007, Zynga is headquartered in California with locations in North America, Europe and Asia. For more information, visit www.zynga.com or follow Zynga on Twitter, Instagram, Facebook or the Zynga blog.
About Chartboost
Chartboost is a leading mobile programmatic advertising and monetization platform, which empowers developers to earn high CPMs while connecting marketers to highly engaged audiences through immersive ad experiences. Chartboost has over 100 employees and offices in San Francisco, Beijing, Barcelona and Amsterdam. Visit us at
www.chartboost.com
.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including those statements relating to, among other things: the ability to achieve the intended benefits of the acquisition of Chartboost, Inc. ("Chartboost"), and our ability to effectively compete in the global advertising industry. Forward-looking statements often include words such as "projected", "planned", "intend", "will", "anticipate", "believe", "target", "expect", and statements in the future tense are generally forward-looking. These forward-looking statements are not guarantees of future performance and reflect management's current expectations. The achievement or success of the matters covered by such forward-looking statements involves significant risks, uncertainties, and assumptions, and our actual results could differ materially from those predicted or implied. Undue reliance should not be placed on such forward-looking statements, which are based on information available to us on the date hereof. We assume no obligation to update such statements. Factors that could cause actual results to differ include: our ability to effectively integrate Chartboost and achieve the expected benefits of the transaction; the impact of the acquisition on Zynga's and Chartboost's business and operating results and our ability to maintain relationships with business partners; risks of litigation and/or regulatory actions related to the merger; and our ability to effectively compete in the mobile advertising industry. More information about these risks, uncertainties, and assumptions and additional factors that could cause actual results to differ are or will be described in greater detail in our public filings with the Securities and Exchange Commission (the "SEC"), copies of which may be obtained by visiting our Investor Relations website at http://investor.zynga.com or the SEC's web site at www.sec.gov.
Contacts
Investor Relations:
Rebecca Lau
[email protected]
Media Relations:
Sarah Ross
[email protected]
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877860-000087786011000056-exhibit99_1srlivingpressrele | EX-99
2
exhibit99_1srlivingpressrele.htm
EXHIBIT 99: PRESS RELEASE ISSUED SEPTEMBER 15, 2011
Exhibit 99.1
Exhibit 99.1
Contact: Roger R. Hopkins, Chief Accounting Officer
Phone: (615) 890-9100
NHI Announces the Purchase of an Assisted Living Facility in Georgia
MURFREESBORO, Tenn. - (September 15, 2011) National Health Investors, Inc. (NYSE:NHI) announced today it has closed a $5.4 million purchase of a 60-unit assisted living community with four independent living cottages in Greensboro, Georgia known as Willow Run Retirement Center and has leased the facility to Senior Living Management. The purchase price was funded from NHI's available cash. The assisted living community has been renamed Savannah Court of Lake Oconee.
The Savannah Court at Lake Oconee community, which was built in 1998, attracts private payment for services and is being leased to Senior Living Management for a term of nine years at an initial lease rate of 8.5% plus annual fixed escalators. Senior Living Management now operates or manages 25 assisted living and memory care communities in Georgia, Florida and Pennsylvania. The lease of the Savannah Court facility expands NHI's relationship with Senior Living Management to a total of six communities in a master lease with an initial term expiring in 2020, plus renewal options.
Justin Hutchens, NHI's CEO and President stated, "The acquisition of this stabilized private-pay assisted living community continues the execution of our selective growth plan and expands our relationship with Senior Living Management".
National Health Investors, Inc. is a healthcare real estate investment trust that specializes in the financing of healthcare real estate by purchase and leaseback transactions and by mortgage loans. NHI's investments involve skilled nursing facilities, assisted living facilities, independent living facilities, medical office buildings, an acute psychiatric hospital, an acute care hospital and a transitional rehabilitation center. The common stock of the company trades on the New York Stock Exchange with the symbol NHI. Additional information about NHI, including its most recent press releases, may be obtained on NHI's website at
www.NHIReit.com
.
Statements in this press release that are not historical facts are forward-looking statements. NHI cautions investors that any forward-looking statements may involve risks and uncertainties and are not guarantees of future performance. All forward-looking statements represent NHI's judgment as of the date of this release.
Investors are urged to carefully review and consider the various disclosures made by NHI in its periodic reports filed with the Securities and Exchange Commission, including the risk factors and other information disclosed in NHI's Annual Report on Form 10-K for the most recently ended fiscal year. Copies of these filings are available at no cost on the SEC's website at http://www.sec.gov or on NHI's website at
http://www.NHIReit.com
.
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"O",
"O",
"O",
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"O",
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"O",
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1054102-000105410215000077-exh993pdii_closingxfinal | EX-99.3
7
exh993pdii_closingxfinal.htm
EXHIBIT 99.3
Exhibit
Exhibit 99.3
PDI Completes Sale of Its Commercial Services Business to Publicis Healthcare Communications Group
PDI Transitions to Pure Play Molecular Diagnostics Business and Changes Name to Interpace Diagnostics Group
Parsippany, NJ, December 22, 2015 -- PDI, Inc. (Nasdaq: PDII) announced the closing of the definitive asset purchase agreement under which Publicis Healthcare Communications Group has acquired PDI's Commercial Services business (CSO) for the initial upfront cash payment of $25.5 million. The total gross cash proceeds are approximately $28.5 million, which includes the upfront cash payment as well as a closing working capital payment. The agreement was previously announced on November 2nd, 2015 and on December 22, 2015 the transaction was approved by a majority of the PDI stockholders. Today, PDI changed its corporate name to Interpace Diagnostics Group (Interpace), Inc. and it will begin trading under the trading symbol IDXG on NASDAQ on December 23, 2015. The Company is using the proceeds from the transaction to pay off its existing senior commercial debt and for ongoing working capital to drive the growth of its molecular diagnostics operations.
"With the completion of the transaction, we are now a pure play in the expanding molecular diagnostics industry offering best in class solutions for determining the presence of certain cancers to clinicians and their patients. We are excited about our prospects in this growing and technologically advanced field of medicine. In addition to substantially greater gross margins and faster growth opportunities compared to our previous operations, we believe the pre-cancerous diagnosis area of molecular testing is an optimal area for Interpace to grow its diagnostics business. The pre-cancerous diagnostics market offers significant growth and strong patient value given the
substantial opportunity it affords to lower healthcare costs by reducing many unnecessary surgeries and avoid too frequent monitoring. We are keenly focused on growing our test volumes, reimbursement and revenue for our three commercialized innovative tests, bringing to market over the next year a fourth test, and building value for our shareholders", said Nancy Lurker, President and CEO.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, relating to our future financial and operating performance. PDI has attempted to identify forward looking statements by terminology including "believes", "estimates", "anticipates", "expects", "plans", "projects", "intends", "potential", "may", "could", "might", "will", "should", "approximately" or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are based on current expectations, assumptions and uncertainties involving judgments about, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond PDI's control. These statements also involve known and unknown risks, uncertainties and other factors that may cause PDI's actual results to be materially different from those expressed or implied by any forward-looking statement. Known and unknown risks, uncertainties and other factors include, but are not limited to, our ability to adequately finance the business, the market's acceptance of our molecular diagnostic tests; our ability to secure additional business and generate higher profit margins through sales of our molecular diagnostic tests, in-licensing or other means, projections of future revenues, growth, gross profit and anticipated internal rate of return on investments. Additionally, all forward-looking statements are subject to the risk factors detailed from time to time in PDI's periodic filings with the Securities and Exchange Commission (SEC), including without limitation, the Annual Report on Form 10-K filed with the SEC on March 5, 2015 and in PDI's Form 10-Q filed with the SEC on November 12, 2015. Because of these and other risks, uncertainties and assumptions, undue reliance should not be placed on these forward-looking statements. In addition, these statements speak only as of the date of this press release and, except as may be required by law, PDI undertakes no obligation to revise or update publicly any forward-looking statements for any reason.
About Interpace Diagnostics Group, Inc
Interpace Diagnostics is focused on developing and commercializing molecular diagnostic tests, leveraging the latest technology and personalized medicine for better patient diagnosis and management. The company currently has three commercialized molecular tests; PancraGen for the diagnosis and prognosis of pancreatic cancer from pancreatic cysts; ThyGenX, for the diagnosis of thyroid cancer from thyroid nodules utilizing a next generation sequencing assay
and ThyraMIR, for the diagnosis of thyroid cancer from thyroid nodules utilizing a proprietary gene expression assay. Interpace Diagnostics mission is to provide personalized medicine through molecular diagnostics and innovation to advance patient care based on rigorous science.
About PDI, Inc.
PDI is a leading healthcare commercialization company providing go-to-market strategy and execution to established and emerging pharmaceutical, biotechnology, diagnostics and healthcare companies in the United States through its Commercial Services business, and developing and commercializing molecular diagnostic tests through its Interpace Diagnostics business. PDI's Commercial Services is focused on providing outsourced pharmaceutical, biotechnology, medical device and diagnostic sales teams to its corporate customers.
CONTACTS:
Investor Relations:
Chris Dailey / Doug Sherk
EVC Group, Inc.
(646)445-4800
[email protected]
Media:
Dave Schemelia
EVC Group, Inc.
(646)201-5431
[email protected]
| [
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877860-000087786012000099-ex99landmark1212 | EX-99
2
ex99landmark1212.htm
EXHIBIT 99: PRESS RELEASE
ex99landmark1212
Exhibit 99
Contact: Roger R. Hopkins, Chief Accounting Officer
Phone: (615) 890-9100
NHI Acquires Wisconsin Assisted Living Facility for $20.2 Million
MURFREESBORO, Tenn. - (December 26, 2012) National Health Investors, Inc. (NYSE:NHI) announced today a $20.2 million purchase of Charleston House, a 120-unit assisted living and memory care facility in Beaver Dam, Wisconsin. Charleston House will be leased to Landmark Senior Living Communities ("Landmark") for an initial term of 15 years with renewal options, at a lease rate of 7.75% plus annual fixed escalators. The purchase was funded from borrowings on NHI's revolving credit facility.
"This acquisition is illustrative of NHI's commitment to growing our private-pay assisted living portfolio through creating valuable relationships with experienced operators", said Justin Hutchens, NHI's President and CEO.
About National Health Investors
National Health Investors, Inc. (NYSE: NHI) is a healthcare real estate investment trust specializing in financing healthcare real estate by purchase and leaseback transactions, RIDEA transactions and by mortgage loans. NHI's investments include independent living, assisted living, senior living campuses, skilled nursing facilities, medical office buildings, and hospitals. Find additional information about NHI at www.nhireit.com.
Statements in this press release that are not historical facts are forward-looking statements. NHI cautions investors that any forward-looking statements may involve risks and uncertainties and are not guarantees of future performance. All forward-looking statements represent NHI's judgment as of the date of this release. Investors are urged to carefully review and consider the various disclosures made by NHI in its periodic reports filed with the Securities and Exchange Commission, including the risk factors and other information disclosed in NHI's Annual Report on Form 10-K for the most recently ended fiscal year. Copies of these filings are available at no cost on the SEC's web site at http://www.sec.gov or on NHI's web site at http://www.nhireit.com.
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1045742-000101968714003371-livedeal_8k-ex9902 | EX-99.2
3
livedeal_8k-ex9902.htm
PRESS RELEASE
Exhibit 99.2
LiveDeal, Inc. Acquires Online Retailer ModernEveryday.com, Expanding livedeal.com's
Offering to Include Consumer Products
Company
Purchases New Asset for Cash, Note and LiveDeal Stock Valued at $8 Per Share
LAS VEGAS, August 18, 2014 - LiveDeal, Inc. (NASDAQ:LIVE)
("LiveDeal" or the "Company"), a publicly traded company that operates livedeal.com, a geo-location based mobile
marketing platform that enables restaurants to publish "real-time" and "instant offers" to nearby consumers,
today announced that it has acquired leading online retailer, ModernEveryday.com.
The acquisition, which was completed using a combination of
cash, a note, and LiveDeal restricted stock valued at $8 per share, marks the next step in LiveDeal's evolution to become
a leading online presence for consumer deals across a variety of verticals. Modern Everyday reported
nearly
$10M in revenues last year (unaudited). The Company expects this revenue to significantly increase following an additional infusion
of cash into its new division.
"This acquisition is very important to LiveDeal in a variety
of ways, including Modern Everyday's top-notch team, led by Byron Hsu, and its proprietary software that has the expansive
capability to track products and predict consumer behavior and spending habits, ensuring that LiveDeal provides the best products
and the best savings for its customers based on knowledge of what they are looking for", said Jon Isaac, CEO of LiveDeal.
"Strategically, moderneveryday.com is a perfect fit for us as we expand our offering on our flagship property, livedeal.com,
increasing our reach beyond restaurant deals into the consumer products market. It is our intention that consumers look to LiveDeal
for money-saving opportunities across various aspects of their lives. We expect that this acquisition will significantly improve
our revenues, and we hope it will significantly elevate shareholder value".
Part of the
Inc.
5000 for three years running and located in Alhambra, CA, Modern Everyday seeks products that are innovative, simple, and which
help make day-to-day living easier and more enjoyable. Modern Everyday's goal is to help customers take advantage of the
conveniences of today's technology by offering these items on its website. Initially focusing on kitchen products and toys, Modern
Everyday offers a mixed approach that focuses on customer demands, ranging from housewares to apparel, from sporting goods to beauty
and baby products. All of its products are available online at competitive prices, and its retail store acts as a showroom where
consumers can have a more conventional experience.
About LiveDeal, Inc.
LiveDeal, Inc. provides marketing solutions that boost customer
awareness and merchant visibility on the Internet. LiveDeal operates a deal engine, which is a service that connects merchants
and consumers via an innovative platform that uses geo-location, enabling businesses to communicate real-time and instant offers
to nearby consumers. In November 2012, LiveDeal commenced the sale of marketing tools that help local businesses manage their online
presence under the Company's Velocity Local™ brand. LiveDeal continues to actively develop, revise, and evaluate these products
and services and its marketing strategies and procedures. For more information, visit www.livedeal.com.
Forward-Looking and Cautionary Statements
This press release contains "forward-looking" statements"
within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on present
circumstances and on LiveDeal's predictions with respect to events that have not occurred, that may not occur, or that may occur
with different consequences and timing than those now assumed or anticipated. Any statements that express, or involve discussions
as to, expectations, beliefs, plans, objectives, outlook, assumptions or future events or performance, which often, but do not
always, include the use of words or phrases such as "anticipates", "believes", "estimates", "expects,"
"intends", "plans", "predicts", "projects", "targets" or similar expressions,
are not statements of historical facts and may be forward-looking. Such forward-looking statements, including any statements regarding
the plans and objectives of management for future operations or products, the market acceptance or future success of our products,
anticipated results from acquisitions, and our future financial performance and stockholder value, are not guarantees of future
performance or results and involve risks and uncertainties that could cause actual events or results to differ materially from
the events or results described in the forward-looking statements. Forward-looking statements are made only as of the date of this
release and LiveDeal does not undertake and specifically declines any obligation to update any forward-looking statements. Readers
should not place undue reliance on these forward-looking statements.
Contact:
LiveDeal, Inc.
Tim Matula, investor relations
425-836-9035
[email protected]
http://livedeal.com/pressroom
Source: LiveDeal, Inc.
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] |
1056904-000127528705002118-rt2865ex991 | EX-99.1
2
rt2865ex991.txt
Exhibit 99.1
RADIATION THERAPY SERVICES ACQUIRES FOUR TREATMENT CENTERS FOR $16.1 MILLION
- Company Enters Arizona and Massachusetts Markets -
FORT MYERS, Fla., June 2 /PRNewswire-FirstCall/ -- Radiation Therapy
Services, Inc. (Nasdaq: RTSX), a leading operator of radiation therapy
centers, today announced it has acquired four radiation treatment centers for
a total purchase price of $16.1 million from Dolphin Medical, Inc.
The treatment centers are located in the markets of Scottsdale, AZ, Holyoke,
MA, Belcamp, MD and Greenbelt, MD. All of the treatment centers are currently
operational, treating an aggregate of approximately 100 patients per day. The
Company expects the four centers to produce total annual revenues of
approximately $11 million in the first 12 months of operation. The acquisition
was financed by the Company's existing credit facility.
The acquisition of the Scottsdale and Holyoke treatment centers marks
Radiation Therapy's entrance into the Arizona and Massachusetts markets. The
Scottsdale treatment center is currently treating some patients with advanced
technology.
The acquisition of the Belcamp and Greenbelt treatment centers augment the
Company's existing centers in its Western Maryland regional network. The
Greenbelt treatment center is currently treating patients with IMRT technology.
Dr. Daniel Dosoretz, President and Chief Executive Officer, commented, "The
acquisition of these four radiation treatment centers is consistent with our
strategy of entering new markets that meet our established criteria and
continuing to build on our existing regional networks. We are particularly
pleased with the acquisition of the Scottsdale center, as it is located in a
market with favorable demographics that has been experiencing robust growth.
This center provides the opportunity to expand an already growing market".
About Radiation Therapy Services
Radiation Therapy Services, Inc., which operates radiation treatment centers
primarily under the name 21st Century Oncology, is a provider of radiation
therapy services to cancer patients. The Company's 65 treatment centers are
clustered into 21 regional networks in 13 states, including Alabama, Arizona,
Delaware, Florida, Kentucky, Maryland, Massachusetts, Nevada, New Jersey, New
York, North Carolina, Rhode Island and West Virginia. The Company is
headquartered in Fort Myers, Florida. More information about the Company can be
found at its Web site http://www.rtsx.com.
This release may contain forward-looking statements about the Company's
planned acquisitions, future plans, expectations and objectives. Words such as
"may", "will", "expect", "intend", "anticipate", "plan", "believe", "seek,"
"could" and "estimate" and variations of these words and similar expressions are
intended to identify forward-looking statements. These forward-looking
statements are not historical facts and are subject to risks and uncertainties
that could cause the actual results to differ materially from those projected in
these forward-looking statements including, but not limited to risks associated
with the integration of the acquired business including patient retention and
the future financial performance of the acquired businesses as well as those
risk factors described in the Company's recent annual report on Form 10-K and
the Company's other filings with the Securities and Exchange Commission which
are available on the SEC's website at http://www.sec.gov. Readers of this
release are cautioned not to place undue reliance on forward- looking
statements. The Company undertakes no obligation to publicly update or revise
the forward-looking statements contained herein to reflect changed events or
circumstances after the date of this release.
Contacts:
Dave Koeninger
Chief Financial Officer
Radiation Therapy Services, Inc.
239-931-7282
[email protected]
Investors/Media:
Nick Laudico/Jason Rando
The Ruth Group
646-536-7030/7025
[email protected]
[email protected]
SOURCE Radiation Therapy Services, Inc.
-0- 06/02/2005
/CONTACT: Dave Koeninger, Chief Financial Officer of Radiation Therapy
Services, Inc., +1-239-931-7282, [email protected]; or Investors, Nick
Laudico, +1-646-536-7030, [email protected], or Media, Jason Rando,
+1-646-536-7025, [email protected], both of The Ruth Group /
/Web Site: http://www.rtsx.com/
| [
"EX",
"-",
"99",
".",
"1",
"2",
"rt2865ex991",
".",
"txt",
"Exhibit",
"99",
".",
"1",
"RADIATION",
"THERAPY",
"SERVICES",
"ACQUIRES",
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1003201-000114420413038050-v349314_ex99-1 | EX-99.1
3
v349314_ex99-1.htm
EXHIBIT 99.1
MuniMae Announces Steps to Mitigate Interest Rate Risk, Generate Cash and Improve Stock Liquidity
BALTIMORE, July 3, 2013 /PRNewswire/ -- Municipal Mortgage & Equity, LLC (OTC: MMAB) ("MuniMae" or the "Company") announced it has today completed a transaction which had the effect of selling the Company's fixed rate performing multifamily bond portfolio and relieving the Company of the associated debt and preferred equity obligations. The effective price for the $849 million portfolio was equal to fair value at June 30, 2013 and 101% of par, and, in addition to eliminating $799 million of debt and preferred equity obligations, the Company received $79 million in cash. Concurrently with this press release, the Company also filed a current report on Form 8-K providing more details on this transaction.
The Company also announced that it intends to convert to a corporation for federal income tax purposes and that it intends to expand its current share buyback plan.
"We believe the steps we have announced today are important for our company and our shareholders for several reasons", said Michael Falcone, MuniMae's Chief Executive Officer. "We have disclosed for some time that we were concerned about rising interest rates, and this transaction greatly reduces our exposure to rising rates. For a variety of reasons, the buyer is currently better able than we are to own and manage these assets in both a rising and a volatile interest rate environment. We have retained the participating and defaulted bonds because we believe that with these bonds the benefits of our intensive asset management will more than offset the risks associated with rising rates. We believe there are attractive opportunities to redeploy the capital we have generated, such as buying back more of our outstanding debt, reinvesting in our real estate asset management business or purchasing shares under an expanded share buyback plan".
On July 5, 2013 the Company plans to convert from a publicly traded partnership to a corporation for tax purposes. Upon conversion, the Company will no longer pass through its income to shareholders and will no longer issue tax reports on Schedule K-1 for tax years following the conversion date. Instead, the Company will be directly liable for federal, state and local income taxes. Falcone added, "The anticipated switch to corporation status for tax purposes should allow for a wider group of investors to own our stock without the reporting burden associated with publicly-traded-partnerships. This change, combined with the expansion of our stock repurchase plan, which we expect will be effective in mid August, should provide increased liquidity in our stock." Shareholders will receive a final Schedule K-1 for the short-year January 1, 2013 through July 4, 2013, including potential capital gains from the transaction involving the Company's fixed rate performing multifamily bond portfolio described above.
The Company will host a conference call on Tuesday July 9, 2013 at 4:30 p.m. ET to provide a business update and discuss further the developments announced today.
The conference call will be webcast. All interested parties are welcome to join the live webcast, which can be accessed through
the Company's web site at
www.munimae.com
, under Investor Relations. Participants
may also join the conference call by dialing toll free 1-800-860-2442, 1-866-605-3852 for Canadian participants or 1-412-858-4600
for international participants.
An archived replay of the event will be available one hour after the event through 9:00 a.m. on July 17, 2013, toll free at 1-877-344-7529, or 1-412-317-0088 for international participants (Passcode:
10030954
). The conference call transcript will also be archived on our website.
Cautionary Statement Regarding Forward-Looking Statements
This Release contains forward-looking statements intended to qualify for the safe harbor contained in Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements often include words such as "may", "will", "should", "anticipate", "estimate", "expect", "project", "intend", "plan", "believe", "seek", "would", "could", and similar words or are made in connection with discussions of future operating or financial performance.
Forward-looking statements reflect our management's expectations at the date of this Release regarding future conditions, events or results. They are not guarantees of future performance. By their nature, forward-looking statements are subject to risks and uncertainties. Our actual results and financial condition may differ materially from what is anticipated in the forward-looking statements. There are many factors that could cause actual conditions, events or results to differ from those anticipated by the forward-looking statements contained in this Release. These factors include changes in market conditions that affect the willingness of potential investors or lenders to provide us with debt or equity, changes in market conditions that affect the value or marketability of assets we own, changes in market conditions or other factors that affect our access to cash that we may need to meet our commitments to other persons, changes in interest rates or other conditions that affect the value of mortgage loans we have made, changes in interest rates that affect our cost of funds, tax laws, environmental laws or other conditions that affect the value of the real estate underlying mortgage loans we own, and changes in tax laws or other things beyond our control that affect the tax benefits available to us and our investors. Readers are cautioned not to place undue reliance on forward-looking statements. We have not undertaken to update any forward-looking statements in this Release.
MUNIMAE: INTEGRITY. INNOVATION. SERVICE.
www.MuniMae.com
CONTACT: MuniMae, Brooks Martin, Investor Relations, 855-650-6932
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"risks",
"associated",
"with",
"rising",
"rates",
".",
"We",
"believe",
"there",
"are",
"attractive",
"opportunities",
"to",
"redeploy",
"the",
"capital",
"we",
"have",
"generated",
",",
"such",
"as",
"buying",
"back",
"more",
"of",
"our",
"outstanding",
"debt",
",",
"reinvesting",
"in",
"our",
"real",
"estate",
"asset",
"management",
"business",
"or",
"purchasing",
"shares",
"under",
"an",
"expanded",
"share",
"buyback",
"plan",
"\"",
".",
"On",
"July",
"5",
",",
"2013",
"the",
"Company",
"plans",
"to",
"convert",
"from",
"a",
"publicly",
"traded",
"partnership",
"to",
"a",
"corporation",
"for",
"tax",
"purposes",
".",
"Upon",
"conversion",
",",
"the",
"Company",
"will",
"no",
"longer",
"pass",
"through",
"its",
"income",
"to",
"shareholders",
"and",
"will",
"no",
"longer",
"issue",
"tax",
"reports",
"on",
"Schedule",
"K",
"-",
"1",
"for",
"tax",
"years",
"following",
"the",
"conversion",
"date",
".",
"Instead",
",",
"the",
"Company",
"will",
"be",
"directly",
"liable",
"for",
"federal",
",",
"state",
"and",
"local",
"income",
"taxes",
".",
"Falcone",
"added",
",",
"\"",
"The",
"anticipated",
"switch",
"to",
"corporation",
"status",
"for",
"tax",
"purposes",
"should",
"allow",
"for",
"a",
"wider",
"group",
"of",
"investors",
"to",
"own",
"our",
"stock",
"without",
"the",
"reporting",
"burden",
"associated",
"with",
"publicly",
"-",
"traded",
"-",
"partnerships",
".",
"This",
"change",
",",
"combined",
"with",
"the",
"expansion",
"of",
"our",
"stock",
"repurchase",
"plan",
",",
"which",
"we",
"expect",
"will",
"be",
"effective",
"in",
"mid",
"August",
",",
"should",
"provide",
"increased",
"liquidity",
"in",
"our",
"stock",
".",
"\"",
"Shareholders",
"will",
"receive",
"a",
"final",
"Schedule",
"K",
"-",
"1",
"for",
"the",
"short",
"-",
"year",
"January",
"1",
",",
"2013",
"through",
"July",
"4",
",",
"2013",
",",
"including",
"potential",
"capital",
"gains",
"from",
"the",
"transaction",
"involving",
"the",
"Company",
"'s",
"fixed",
"rate",
"performing",
"multifamily",
"bond",
"portfolio",
"described",
"above",
".",
"The",
"Company",
"will",
"host",
"a",
"conference",
"call",
"on",
"Tuesday",
"July",
"9",
",",
"2013",
"at",
"4",
":",
"30",
"p.m.",
"ET",
"to",
"provide",
"a",
"business",
"update",
"and",
"discuss",
"further",
"the",
"developments",
"announced",
"today",
".",
"The",
"conference",
"call",
"will",
"be",
"webcast",
".",
"All",
"interested",
"parties",
"are",
"welcome",
"to",
"join",
"the",
"live",
"webcast",
",",
"which",
"can",
"be",
"accessed",
"through",
"the",
"Company",
"'s",
"web",
"site",
"at",
"www.munimae.com",
",",
"under",
"Investor",
"Relations",
".",
"Participants",
"may",
"also",
"join",
"the",
"conference",
"call",
"by",
"dialing",
"toll",
"free",
"1",
"-",
"800",
"-",
"860",
"-",
"2442",
",",
"1",
"-",
"866",
"-",
"605",
"-",
"3852",
"for",
"Canadian",
"participants",
"or",
"1",
"-",
"412",
"-",
"858",
"-",
"4600",
"for",
"international",
"participants",
".",
"An",
"archived",
"replay",
"of",
"the",
"event",
"will",
"be",
"available",
"one",
"hour",
"after",
"the",
"event",
"through",
"9",
":",
"00",
"a.m.",
"on",
"July",
"17",
",",
"2013",
",",
"toll",
"free",
"at",
"1",
"-",
"877",
"-",
"344",
"-",
"7529",
",",
"or",
"1",
"-",
"412",
"-",
"317",
"-",
"0088",
"for",
"international",
"participants",
"(",
"Passcode",
":",
"10030954",
")",
".",
"The",
"conference",
"call",
"transcript",
"will",
"also",
"be",
"archived",
"on",
"our",
"website",
".",
"Cautionary",
"Statement",
"Regarding",
"Forward",
"-",
"Looking",
"Statements",
"This",
"Release",
"contains",
"forward",
"-",
"looking",
"statements",
"intended",
"to",
"qualify",
"for",
"the",
"safe",
"harbor",
"contained",
"in",
"Section",
"21E",
"of",
"the",
"Securities",
"Exchange",
"Act",
"of",
"1934",
",",
"as",
"amended",
".",
"Forward",
"-",
"looking",
"statements",
"often",
"include",
"words",
"such",
"as",
"\"",
"may",
"\"",
",",
"\"",
"will",
"\"",
",",
"\"",
"should",
"\"",
",",
"\"",
"anticipate",
"\"",
",",
"\"",
"estimate",
"\"",
",",
"\"",
"expect",
"\"",
",",
"\"",
"project",
"\"",
",",
"\"",
"intend",
"\"",
",",
"\"",
"plan",
"\"",
",",
"\"",
"believe",
"\"",
",",
"\"",
"seek",
"\"",
",",
"\"",
"would",
"\"",
",",
"\"",
"could",
"\"",
",",
"and",
"similar",
"words",
"or",
"are",
"made",
"in",
"connection",
"with",
"discussions",
"of",
"future",
"operating",
"or",
"financial",
"performance",
".",
"Forward",
"-",
"looking",
"statements",
"reflect",
"our",
"management",
"'s",
"expectations",
"at",
"the",
"date",
"of",
"this",
"Release",
"regarding",
"future",
"conditions",
",",
"events",
"or",
"results",
".",
"They",
"are",
"not",
"guarantees",
"of",
"future",
"performance",
".",
"By",
"their",
"nature",
",",
"forward",
"-",
"looking",
"statements",
"are",
"subject",
"to",
"risks",
"and",
"uncertainties",
".",
"Our",
"actual",
"results",
"and",
"financial",
"condition",
"may",
"differ",
"materially",
"from",
"what",
"is",
"anticipated",
"in",
"the",
"forward",
"-",
"looking",
"statements",
".",
"There",
"are",
"many",
"factors",
"that",
"could",
"cause",
"actual",
"conditions",
",",
"events",
"or",
"results",
"to",
"differ",
"from",
"those",
"anticipated",
"by",
"the",
"forward",
"-",
"looking",
"statements",
"contained",
"in",
"this",
"Release",
".",
"These",
"factors",
"include",
"changes",
"in",
"market",
"conditions",
"that",
"affect",
"the",
"willingness",
"of",
"potential",
"investors",
"or",
"lenders",
"to",
"provide",
"us",
"with",
"debt",
"or",
"equity",
",",
"changes",
"in",
"market",
"conditions",
"that",
"affect",
"the",
"value",
"or",
"marketability",
"of",
"assets",
"we",
"own",
",",
"changes",
"in",
"market",
"conditions",
"or",
"other",
"factors",
"that",
"affect",
"our",
"access",
"to",
"cash",
"that",
"we",
"may",
"need",
"to",
"meet",
"our",
"commitments",
"to",
"other",
"persons",
",",
"changes",
"in",
"interest",
"rates",
"or",
"other",
"conditions",
"that",
"affect",
"the",
"value",
"of",
"mortgage",
"loans",
"we",
"have",
"made",
",",
"changes",
"in",
"interest",
"rates",
"that",
"affect",
"our",
"cost",
"of",
"funds",
",",
"tax",
"laws",
",",
"environmental",
"laws",
"or",
"other",
"conditions",
"that",
"affect",
"the",
"value",
"of",
"the",
"real",
"estate",
"underlying",
"mortgage",
"loans",
"we",
"own",
",",
"and",
"changes",
"in",
"tax",
"laws",
"or",
"other",
"things",
"beyond",
"our",
"control",
"that",
"affect",
"the",
"tax",
"benefits",
"available",
"to",
"us",
"and",
"our",
"investors",
".",
"Readers",
"are",
"cautioned",
"not",
"to",
"place",
"undue",
"reliance",
"on",
"forward",
"-",
"looking",
"statements",
".",
"We",
"have",
"not",
"undertaken",
"to",
"update",
"any",
"forward",
"-",
"looking",
"statements",
"in",
"this",
"Release",
".",
"MUNIMAE",
":",
"INTEGRITY",
".",
"INNOVATION",
".",
"SERVICE",
".",
"www.MuniMae.com",
"CONTACT",
":",
"MuniMae",
",",
"Brooks",
"Martin",
",",
"Investor",
"Relations",
",",
"855",
"-",
"650",
"-",
"6932"
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931799-000161577417000026-s105058_ex99-2 | EX-99.2
14
s105058_ex99-2.htm
EXHIBIT 99.2
Exhibit 99.2
GlyEco Announces Closing of Acquisition of Certain
Glycol Distillation Assets from The Dow Chemical Company
ROCK HILL, SC, January 3, 2017 (ACCESS NEWSWIRE) - GlyEco,
Inc. (OTC: GLYE) ("GlyEco" or the "Company"), a leading specialty chemical company, today announced the completion
of its previously announced acquisition by its subsidiary Recovery Solutions & Technologies Inc. ("RS&T") of
certain glycol distillation assets from Union Carbide Corporation, a wholly-owned subsidiary of The Dow Chemical Company, at Institute,
West Virginia.
"We are pleased
to have completed this acquisition, which is part of the broader transformation of GlyEco into a significant vertically integrated
glycol solutions provider in North America", said Ian Rhodes, GlyEco's President and Chief Executive Officer. "We
are excited about the future of our Company and the benefits the recently combined GlyEco and WEBA businesses and acquired glycol
distillation assets will bring to our stakeholders".
About
GlyEco, Inc.
GlyEco
is a leading specialty chemical company, leveraging technology and innovation to focus on vertically integrated, eco-friendly
manufacturing, customer service and distribution solutions. Our eight
facilities,
including the recently acquired 14-20 million gallons per
year, ASTM E1177 EG-1, glycol
re-distillation plant in West Virginia,
deliver superior quality glycol products that
meet or exceed ASTM
quality standards, including a wide spectrum of ready to use antifreezes
and additive packages for antifreeze/coolant, gas patch coolants and
heat
transfer fluid industry, throughout North America. Our team's
extensive experience
in the chemical field, including direct experience
with reclamation of all types of
glycols, gives us the ability to
process a wide range of feedstock streams, formulate
and produce unique
products and has earned us an outstanding reputation in our markets.
For further information, please visit:
http://www.glyeco.com
Safe Harbor Statement
This press release contains forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended. Readers are cautioned not to place undue reliance on these forward-looking statements. Actual results
may differ materially from those indicated by these forward-looking statements as a result of risks and uncertainties impacting
the Company's business including, increased competition; the ability of the Company to expand its operations through either acquisitions
or internal growth, to attract and retain qualified professionals, and to expand commercial relationships; technological obsolescence;
general economic conditions; and other risks detailed from time to time in the Company's filings with the Securities and Exchange
Commission.
Contact:
GlyEco, Inc.
Ian Rhodes
Chief Executive Officer, President and Interim Chief Financial Officer
[email protected]
866-960-1539
| [
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1299709-000129970919000002-ex99120190129compcor | EX-99.1
2
ex99120190129compcor.htm
EXHIBIT 99.1
Exhibit
Axos Financial, Inc. Closes COR Clearing LLC Acquisition
Transaction Expected to be Accretive to Earnings per Share by 6% in Fiscal Year 2020
SAN DIEGO, CA - (BUSINESSWIRE) - January 29, 2019 - Axos Financial, Inc. (NYSE: AX) ("Axos" or the "Company") announced that its subsidiary, Axos Clearing, LLC, has completed the acquisition of the parent company of COR Clearing LLC ("COR Clearing") after receiving all required regulatory approvals. The Company expects the transaction to be accretive to diluted earnings per common share ("EPS") by approximately 6% in Fiscal Year ending June 30, 2020 and 7% in Fiscal Year ending June 30, 2021.
Headquartered in Omaha, Nebraska, COR Clearing is a leading, full-service correspondent clearing firm for more than 60 independent broker-dealers and 90,000 customers. COR Clearing, a wholly-owned subsidiary of Axos Financial, Inc., will be rebranded Axos Clearing.
"This transaction adds another component to our strategy of distributing financial services through a specialized and scalable technology platform", stated Greg Garrabrants, President and Chief Executive Officer of Axos Financial, Inc. Mr. Garrabrants continued, "COR provides us with an experienced team and a solid foundation to grow our securities business. The approximately $470 million of low-cost deposits held by COR's clients afford us the flexibility to further reduce our funding costs. The addition of approximately $35 million of annual fee income will diversify our non-interest income and boost our best-in-class return on equity".
About Axos Financial, Inc.
Axos Financial, Inc. is the holding company for Axos Bank, formerly known as BofI Federal Bank. Axos Bank is a nationwide bank that provides financing for single and multifamily residential properties, small-to-medium size businesses in target sectors, and selected specialty finance receivables. With nearly $10 billion in assets, Axos Bank provides consumer and business banking products through its low-cost distribution channels and affinity partners. Axos Financial, Inc.'s common stock is listed on the NYSE under the symbol "AX" and is a component of the Russell 2000® Index and the S&P 600® Index. For more information about Axos Bank, please visit https://www.axosbank.com.
About COR Clearing LLC
Headquartered in Omaha, Nebraska, COR Clearing is a full-service, independent securities clearing firm servicing retail and online broker-dealers and registered investment advisers throughout the United States. COR Clearing is a registered broker-dealer in all 50 states and is regulated by FINRA, the SEC, and additional Self-Regulatory Organizations (SROs). COR Clearing is the wholly-owned subsidiary of COR Securities Holdings Inc. More information is available at https://www.corclearing.com.
Forward-Looking Safe Harbor Statement
This press release contains forward-looking statements that involve risks and uncertainties, including without limitation statements relating to the integration and growth of COR Clearing's businesses, the projections of Axos Financial's performance and earnings per share resulting from the transaction. These forward-looking statements are made on the basis of the views and assumptions of management regarding future events and performance as of the date of this press release. Actual results and the timing of events could differ materially from those expressed or implied in such forward-looking statements as a result of risks and uncertainties, including without limitation changes in interest rates, inflation, government regulation, general economic conditions, conditions in the real estate markets in which we operate and other factors beyond our control. These and other risks and uncertainties detailed in Axos Financial's periodic reports filed with the Securities and Exchange Commission could cause actual results to differ materially from
those expressed or implied in any forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement, and Axos Financial undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this press release.
Contact:
Johnny Lai, CFA
VP, Corporate Development and Investor Relations
Phone: 1-858-649-2218
Email: [email protected]
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1011109-000155278117000370-e17315_ex99-2 | EX-99.2
3
e17315_ex99-2.htm
ACRE Realty Investors Inc. Announces Board Approval of Dissolution
NEW YORK, June 27, 2017-ACRE Realty
Investors Inc. (NYSE MKT: AIII) (the "Company") today announced that, after careful consideration of the available
strategic alternatives for the Company presented by management and management's recommendation in favor of the liquidation
and dissolution of the Company, the Company's Board of Directors has determined that it is in the best interests of the Company's
shareholders for the Company to dissolve, liquidate and distribute to shareholders its available assets.
"After evaluating the Company's
strategic options, the Board of Directors has reached the conclusion that it is in the best interests of the shareholders to dissolve
and liquidate the Company", stated Edward Gellert, the Company's Chairman of the Board, Chief Executive Officer and
President. "The Board of Directors and management, together with the Company's advisors, devoted substantial time and
effort in seeking, identifying and pursuing opportunities to enhance shareholder value; however, the process to date has not yielded
any opportunities viewed by the Board as reasonably likely to provide greater realizable value to shareholders than the complete
dissolution and liquidation of the Company", Mr. Gellert continued.
The Company's dissolution was unanimously
approved by the Board of Directors but is subject to shareholder approval. The Company intends to present this proposal to its
shareholders at a special meeting of shareholders at a time, date and location to be announced. The Company will file prescribed
proxy materials with the Securities and Exchange Commission (the "SEC") in advance of that meeting. If approved by
the Company's shareholders, the Company intends to file a notice of intent to dissolve with the Georgia Secretary of State.
After filing the notice of intent to dissolve, the Company will send or cause written notice of dissolution to be sent to each
known claimant against the Company and will publish a notice of intent to dissolve in accordance with the requirements of Georgia
law.
In connection with the dissolution, the
Company intends to liquidate the Company's assets and make adequate provision for all of the Company's existing and
reasonably foreseeable debts, liabilities and obligations. The Company will, following notice and, if any claims are untimely or
rejected in whole or part, the expiration of the deadline for filing suit by any claimant, distribute the remainder of any assets
to its shareholders according to their respective rights and interests.
As of June 27, 2017, the Company had
one remaining land asset known as the Highway 20 property which is under contract to be sold for a price of $4,725,000, and no
outstanding indebtedness. The Company expects the closing of the Highway 20 sale to occur on Wednesday, June 28, 2017. The Company
expects that the New York Stock Exchange, Inc. will take immediate action to suspend trading in the Company's common stock
on the NYSE MKT exchange following the closing of the Company's sale of the Highway 20 property and to initiate a de-listing
of the Company's common stock from the NYSE MKT exchange. As of May 31, 2017, in addition to the Highway 20 property, the
Company had cash and cash equivalents of $15,231,743.
While the Company cannot determine
with certainty the amount of liquidating distributions it will make to its shareholders, the Company expects to distribute the
remaining amount of such assets (which the Company expects to be substantial) after payment of all of its current and anticipated
operating expenses, including expenses associated with the dissolution, and to conduct an orderly wind down of its operations.
Important Additional Information will
be filed with the SEC
This press release is for informational
purposes only. It is not a solicitation of a proxy. In connection with the dissolution, the Company intends to file with the SEC
a proxy statement and other relevant materials.
The Company's shareholders are urged to read the proxy statement and the
other relevant materials when they become available because they will contain important information about the dissolution of the
Company.
Shareholders may obtain a free copy of the proxy statement and the other relevant materials (when they become available),
and any other documents filed by the company with the SEC, at the SEC's web site at http://www.sec.gov. In addition, the
Company will make available or mail a copy of the definitive proxy statement to shareholders of record on the record date when
it becomes available. Shareholders are urged to read the proxy statement and the other relevant materials when they become available
before making any voting or investment decision with respect to the dissolution of the Company.
Participants in the Solicitation
The Company and its directors, executive
officers and certain other members of its management and employees may be deemed to be participants in the solicitation of proxies
from the Company's shareholders in connection with the proposed dissolution. Certain information regarding the interests
of such directors and executive officers is included in the Company's Annual Report on Form 10-K filed with the SEC on March
9, 2017 and will be included in the proxy statement relating to the proposed dissolution when it becomes available.
Cautionary Note Regarding Forward-Looking
Statements
This press release contains forward-looking
statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995.
These statements are based on the current expectations and beliefs of the Company and are subject to a number of factors and uncertainties
that could cause actual results to differ materially from those described in the forward-looking statements. Such factors and uncertainties
include, but are not limited to, the following: the ability of the Company to obtain shareholder approval of the proposed dissolution;
the Company's ability to accurately estimate the amounts required to pay all operating expenses, as well as other known,
non-contingent liabilities through the dissolution and winding up process; the Company's ability to settle, make adequate
provision for or otherwise resolve its liabilities and obligations; the precise nature, amount and timing of any distributions
to shareholders; the possibility that any distributions to shareholders could be diminished or delayed by, among other things,
claims and unexpected or greater than expected expenses; and other statements contained in this press release regarding matters
that are not historical facts. The Company undertakes no obligation to update any forward-looking statement in this press release.
Source: ACRE Realty Investors Inc.
| [
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1450390-000120677417003448-bakken3358231-ex992 | EX-99.2
3
bakken3358231-ex992.htm
PRESS RELEASE ISSUED BY COMPANY DATED DECEMBER 20, 2017
Bakken Resources Acquires Producing Mineral Assets
HELENA, MONTANA
. December 20, 2017 - Bakken Resources, Inc. (OTC: BKKN) recently completed a purchasing program that acquired certain royalty interests in the Eagle Ford basin in Texas
and in the Haynesville basin in Louisiana. Bakken Resources, Inc. was the successful purchaser in a total of nine oil and natural gas mineral rights sales facilitated by EnergyNet, a leading mineral rights auction house based in Amarillo, Texas. The
aggregate purchase price was $320,410.
The Eagle Ford mineral rights include seven one-eighth royalty interests in the Eagle Ford Blakeway Unit A (Dimmit County, Texas) operated by Chesapeake Operating, LLC. The 480-acre
parcel currently has five producing wells averaging 1,903 barrels of oil per day and 3,702 thousand cubic-feet per day of natural gas. Current well spacing rules enable three additional wells.
The Eagle Ford basin is currently the largest tight oil play in the United States producing more than 2.3 million barrels per day. It spans approximately 11,165 square miles in southern
Texas. The Eagle Ford play offers excellent opportunities because of its typically high well quality and because it produces oil, wet gas, and dry gas.
Bakken Resources, Inc. also acquired two 50% wellbore interests in a natural gas well operating in the Haynesville Shale basin near DeSoto Parish, Louisiana. The newly completed natural
gas well is operated by Chesapeake Operating, LLC. The well averages 19,955 thousand cubic-feet per day of dry natural gas. This wellbore interest contains a royalty interest of 0.051305% (producing minerals) in the wellbore of the Hunter 20&17-12-12
1H ALT horizontal well located in DeSoto Parish, Louisiana operated by Chesapeake Operating, LLC of Oklahoma City, Oklahoma.
The Haynesville is the third largest shale natural gas play in the United States, estimated at 500 trillion cubic-feet of gas (EIA). The Haynesville basin offers advantages over many
other gas basins because of its proximity to natural gas transportation pipelines and the short distance to ports and liquefied natural gas facilities where natural gas can be exported or further distributed. Export opportunities should sustain
development within the Haynesville basin for years to come.
"These acquisitions are part of our commitment to expand and diversify our asset portfolio to lower overall risk. While our total expenditure was under $400,000, we believe that
current and future production has a strong opportunity to create long-term value for our shareholders. Basins such as the Eagle Ford and Haynesville are strategic priorities", says Dan Anderson, Bakken's chief financial officer.
ABOUT BAKKEN RESOURCES, INC
.
BAKKEN RESOURCES, INC. is an oil and gas company with activities currently focused on acquiring mineral leases and non-operating oil mineral interests throughout the United
States.
CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, as well as Section 21E of the Securities Exchange Act
of 1934, as amended. Statements other than those of historical facts are forward-looking statements. Such statements may pertain to projections of the Company's future financial position, operations, performance, business strategy, returns,
budgets, reserves, levels of production, and costs. They may also address plans and objectives of Company's management for future operations. The Company typically associates forward-looking statements with words such as "expect,"
"anticipate", "estimate", "project", "strategy", "intend", "plan", "target", "should", "goal", "may", "will", and
"believe." Forward-looking statements may also be associated with stylistic variants of the terminology just listed.
In particular, express and implied statements concerning the Company's future operating results and returns are forward-looking statements. Forward-looking statements are not
guarantees of performance, and the Company makes no representation about the accuracy of any information presented or derived from any third party sites or information.
For further information please contact Karen Midtlyng, Corporate Secretary, (406) 442-9444.
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":",
"BKKN",
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"recently",
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"interests",
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"the",
"Eagle",
"Ford",
"basin",
"in",
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"and",
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"Haynesville",
"basin",
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".",
"Bakken",
"Resources",
",",
"Inc",
".",
"was",
"the",
"successful",
"purchaser",
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"a",
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"nine",
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"and",
"natural",
"gas",
"mineral",
"rights",
"sales",
"facilitated",
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"EnergyNet",
",",
"a",
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"mineral",
"rights",
"auction",
"house",
"based",
"in",
"Amarillo",
",",
"Texas",
".",
"The",
"aggregate",
"purchase",
"price",
"was",
"$",
"320,410",
".",
"The",
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"Ford",
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"rights",
"include",
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"one",
"-",
"eighth",
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"interests",
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"Ford",
"Blakeway",
"Unit",
"A",
"(",
"Dimmit",
"County",
",",
"Texas",
")",
"operated",
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"Operating",
",",
"LLC",
".",
"The",
"480",
"-",
"acre",
"parcel",
"currently",
"has",
"five",
"producing",
"wells",
"averaging",
"1,903",
"barrels of oil",
"per",
"day",
"and",
"3,702",
"thousand",
"cubic",
"-",
"feet",
"per",
"day",
"of",
"natural",
"gas",
".",
"Current",
"well",
"spacing",
"rules",
"enable",
"three",
"additional",
"wells",
".",
"The",
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"Ford",
"basin",
"is",
"currently",
"the",
"largest",
"tight",
"oil",
"play",
"in",
"the",
"United",
"States",
"producing",
"more",
"than",
"2.3 million",
"barrels per day",
".",
"It",
"spans",
"approximately",
"11,165",
"square miles",
"in",
"southern",
"Texas",
".",
"The",
"Eagle",
"Ford",
"play",
"offers",
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"opportunities",
"because",
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"typically",
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"well",
"quality",
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"oil",
",",
"wet",
"gas",
",",
"and",
"dry",
"gas",
".",
"Bakken",
"Resources",
",",
"Inc",
".",
"also",
"acquired",
"two",
"50",
"%",
"wellbore",
"interests",
"in",
"a",
"natural",
"gas",
"well",
"operating",
"in",
"the",
"Haynesville",
"Shale",
"basin",
"near",
"DeSoto",
"Parish",
",",
"Louisiana",
".",
"The",
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"completed",
"natural",
"gas",
"well",
"is",
"operated",
"by",
"Chesapeake",
"Operating",
",",
"LLC",
".",
"The",
"well",
"averages",
"19,955",
"thousand",
"cubic",
"-",
"feet",
"per",
"day",
"of",
"dry",
"natural",
"gas",
".",
"This",
"wellbore",
"interest",
"contains",
"a",
"royalty",
"interest",
"of",
"0",
".",
"051305",
"%",
"(",
"producing",
"minerals",
")",
"in",
"the",
"wellbore",
"of",
"the",
"Hunter",
"20",
"&",
"17",
"-",
"12",
"-",
"12",
"1H",
"ALT",
"horizontal",
"well",
"located",
"in",
"DeSoto",
"Parish",
",",
"Louisiana",
"operated",
"by",
"Chesapeake",
"Operating",
",",
"LLC",
"of",
"Oklahoma",
"City",
",",
"Oklahoma",
".",
"The",
"Haynesville",
"is",
"the",
"third",
"largest",
"shale",
"natural",
"gas",
"play",
"in",
"the",
"United",
"States",
",",
"estimated",
"at",
"500",
"trillion",
"cubic",
"-",
"feet",
"of",
"gas",
"(",
"EIA",
")",
".",
"The",
"Haynesville",
"basin",
"offers",
"advantages",
"over",
"many",
"other",
"gas",
"basins",
"because",
"of",
"its",
"proximity",
"to",
"natural",
"gas",
"transportation",
"pipelines",
"and",
"the",
"short",
"distance",
"to",
"ports",
"and",
"liquefied",
"natural",
"gas",
"facilities",
"where",
"natural",
"gas",
"can",
"be",
"exported",
"or",
"further",
"distributed",
".",
"Export",
"opportunities",
"should",
"sustain",
"development",
"within",
"the",
"Haynesville",
"basin",
"for",
"years",
"to",
"come",
".",
"\"",
"These",
"acquisitions",
"are",
"part",
"of",
"our",
"commitment",
"to",
"expand",
"and",
"diversify",
"our",
"asset",
"portfolio",
"to",
"lower",
"overall",
"risk",
".",
"While",
"our",
"total",
"expenditure",
"was",
"under",
"$",
"400,000",
",",
"we",
"believe",
"that",
"current",
"and",
"future",
"production",
"has",
"a",
"strong",
"opportunity",
"to",
"create",
"long",
"-",
"term",
"value",
"for",
"our",
"shareholders",
".",
"Basins",
"such",
"as",
"the",
"Eagle",
"Ford",
"and",
"Haynesville",
"are",
"strategic",
"priorities",
"\"",
",",
"says",
"Dan",
"Anderson",
",",
"Bakken",
"'s",
"chief",
"financial",
"officer",
".",
"ABOUT",
"BAKKEN",
"RESOURCES",
",",
"INC",
".",
"BAKKEN",
"RESOURCES",
",",
"INC",
".",
"is",
"an",
"oil",
"and",
"gas",
"company",
"with",
"activities",
"currently",
"focused",
"on",
"acquiring",
"mineral",
"leases",
"and",
"non",
"-",
"operating",
"oil",
"mineral",
"interests",
"throughout",
"the",
"United",
"States",
".",
"CAUTIONARY",
"STATEMENT",
"ABOUT",
"FORWARD",
"-",
"LOOKING",
"STATEMENTS",
"This",
"press",
"release",
"includes",
"forward",
"-",
"looking",
"statements",
"within",
"the",
"meaning",
"of",
"Section",
"27A",
"of",
"the",
"Securities",
"Act",
"of",
"1933",
",",
"as",
"amended",
",",
"as",
"well",
"as",
"Section",
"21E",
"of",
"the",
"Securities",
"Exchange",
"Act",
"of",
"1934",
",",
"as",
"amended",
".",
"Statements",
"other",
"than",
"those",
"of",
"historical",
"facts",
"are",
"forward",
"-",
"looking",
"statements",
".",
"Such",
"statements",
"may",
"pertain",
"to",
"projections",
"of",
"the",
"Company",
"'s",
"future",
"financial",
"position",
",",
"operations",
",",
"performance",
",",
"business",
"strategy",
",",
"returns",
",",
"budgets",
",",
"reserves",
",",
"levels",
"of",
"production",
",",
"and",
"costs",
".",
"They",
"may",
"also",
"address",
"plans",
"and",
"objectives",
"of",
"Company",
"'s",
"management",
"for",
"future",
"operations",
".",
"The",
"Company",
"typically",
"associates",
"forward",
"-",
"looking",
"statements",
"with",
"words",
"such",
"as",
"\"",
"expect",
",",
"\"",
"\"",
"anticipate",
"\"",
",",
"\"",
"estimate",
"\"",
",",
"\"",
"project",
"\"",
",",
"\"",
"strategy",
"\"",
",",
"\"",
"intend",
"\"",
",",
"\"",
"plan",
"\"",
",",
"\"",
"target",
"\"",
",",
"\"",
"should",
"\"",
",",
"\"",
"goal",
"\"",
",",
"\"",
"may",
"\"",
",",
"\"",
"will",
"\"",
",",
"and",
"\"",
"believe",
".",
"\"",
"Forward",
"-",
"looking",
"statements",
"may",
"also",
"be",
"associated",
"with",
"stylistic",
"variants",
"of",
"the",
"terminology",
"just",
"listed",
".",
"In",
"particular",
",",
"express",
"and",
"implied",
"statements",
"concerning",
"the",
"Company",
"'s",
"future",
"operating",
"results",
"and",
"returns",
"are",
"forward",
"-",
"looking",
"statements",
".",
"Forward",
"-",
"looking",
"statements",
"are",
"not",
"guarantees",
"of",
"performance",
",",
"and",
"the",
"Company",
"makes",
"no",
"representation",
"about",
"the",
"accuracy",
"of",
"any",
"information",
"presented",
"or",
"derived",
"from",
"any",
"third",
"party",
"sites",
"or",
"information",
".",
"For",
"further",
"information",
"please",
"contact",
"Karen",
"Midtlyng",
",",
"Corporate",
"Secretary",
",",
"(",
"406",
")",
"442",
"-",
"9444",
"."
] | [
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] |
826326-000138713114002328-ex99-1 | EX-99.1
8
ex99-1.htm
PRESS RELEASE
ARC Group Worldwide 8-K
Exhibit 99.1
FOR IMMEDIATE RELEASE
June 24, 2014
ARC Group Worldwide Announces Acquisition
of Kecy Corporation
·
Acquisition of Precision Metal Stamping Company Further Expands
ARC's Strategic Capabilities in Metalworking and Enhances Position as "One-Stop-Shop" for Advanced Manufacturing
and 3D Printing
·
Broadens ARC's Customer Base, Providing Additional Cross-selling
Opportunities
·
Transaction Expected to be Immediately Accretive
·
Pro Forma for Recent Acquisitions, ARC's CY2013 Revenue and
Adjusted EBITDA was Greater Than $120 Million and $24 Million, Respectively
DELAND, FL, June 24, 2014 --
ARC
Group Worldwide, Inc. (NASDAQ: ARCW), a leading global provider of advanced manufacturing and 3D printing solutions, today announced
it has signed a definitive agreement for acquisition of the business of Kecy Corporation ("Kecy"). Kecy is one of the
industry's leading precision metal stamping companies, utilizing advanced manufacturing, robotics, automation, and die-making
equipment. The company also offers value-added secondary processing with an experienced design and production staff. The transaction
is structured as an acquisition of substantially all of the assets of Kecy (the "Acquisition"). The closing of the
Kecy Acquisition is expected to occur on June 25, 2014.
The addition of Kecy's precision
metal stamping capabilities to ARC's portfolio of advanced manufacturing and 3D printing services further expands ARC's
holistic solution approach. Further, Kecy provides ARC with new customers and capabilities, enabling cross-selling opportunities
across the full suite of ARC products and services.
ARC acquired the ISO 9001:2000 certified
company's business for $26 million, in an all-cash transaction. Kecy generated revenues in excess of $26 million during the
2013 calendar year. Pro forma for the Acquisition, together with ATC and Thixoforming acquisitions, ARC's calendar year 2013
revenue and adjusted EBITDA was greater than $120 million and $24 million, respectively.
Kecy, founded in Hudson, MI in 1988, became
a leader in high quality, precision metal stamping with a focus on continuous improvement and innovation. ARC will operate the
Kecy business out of a modern 84,000 square foot facility with technologically advanced manufacturing and die-making equipment.
ARC will continue to offer Kecy's highly flexible product portfolio that is customized for customers' unique needs,
with metal stamping capabilities ranging from prototype parts through low- to high-volume production.
"Given ARC's leading position
in metal injection molding and our focus on metal 3D printing, the Acquisition of Kecy's business is a natural strategic
fit to further bolster our metalworking capabilities. We see considerable metal stamping applications in our existing customer
base, and are excited to bring these capabilities in-house, to offer a more holistic solution to our clients. Further, having been
the first supplier to Kecy of metal 3D printed prototypes, we see a compelling opportunity to bring this exciting new technology
to their customer base to further differentiate our combined offering and shorten the "speed-to-market". Kecy's
utilization of advanced technologies, such as automation and robotics, illustrates our conviction that manufacturing is returning
to the United States. Further, Kecy is a promising example of how ARC can accelerate technology adoption, by bringing additional
capabilities, such as 3D printing and our proprietary online quoting software to customers", said Jason T. Young, Chairman
and CEO of ARC. "The acquisition of Kecy's business should add meaningful cash flow to ARC, and we expect it to be immediately
accretive to our earnings. The Acquisition is also a good example of our ongoing overall acquisition strategy, which is to buy
strategic companies at prudent multiples of cash flow, in order to increase our customer base and provide material cross-selling
opportunities for our 3D printing and other advanced manufacturing capabilities. Being our customer's full solution provider
today will enable us to transition them to new manufacturing technologies over time, as 3D printing and other advanced processes
begin to take market share from legacy forms of fabrication".
Investor Conference Call
A conference call to discuss the Acquisition
is scheduled for Wednesday, June 25, 2014 at 4:30 p.m. Eastern Time. To participate by phone, the U.S. dial-in number is 888-572-7034
and the international dial-in number is 719-785-1753. Please reference conference ID# 6660165. Participants are advised to dial
into the call at least 10 minutes prior to the call start time to register. A transcript of the conference call will be available
on the ARC website beginning two days following the call.
About ARC Group Worldwide, Inc.
ARC Group Worldwide is a leading global
advanced manufacturing and 3D printing service provider. Founded in 1987, the Company offers its customers a compelling portfolio
of advanced manufacturing technologies and cutting-edge capabilities to improve the efficiency of traditional manufacturing processes
and accelerate their time to market. In addition to being a world leader in metal injection molding ("MIM"), ARC has
significant expertise in 3D printing and imaging, advanced tooling, automation, machining, plastic injection molding, lean manufacturing,
and robotics. For more information about ARC Group Worldwide, please visit
www.ArcGroupWorldwide.com
, or its operating
subsidiaries at
www.3DMaterialTechnologies.com
,
www.AFTmim.com
,
www.AFTmimHU.com
,
www.ARCmim.com
,
www.ArcWireless.net
,
www.ATCmold.com
,
www.FloMet.com
,
www.GeneralFlange.com
,
www.Injectamax.com
,
www.kecycorporation.com
,
www.TeknaSeal.com
, and
www.ThixoWorks.com
.
About Kecy Corporation
Kecy Corporation was founded in 1988 and
is one of the industry's leading metal stamping manufacturers. Kecy supplies customers in a range of industries with high
quality, high precision metal stampings, specializing in quality and design capabilities. For more information about Kecy Corporation
please visit
www.kecycorporation.com
.
IMPORTANT INFORMATION
This press release may contain "forward-looking"
statements as defined in the Private Securities Litigation Reform Act of 1995, which are based on ARC's current expectations,
estimates and projections about future events. These include, but are not limited to, statements, if any, regarding business plans,
pro-forma statements and financial projections, ARC's ability to expand its services and realize growth. These statements
are not historical facts or guarantees of future performance, events or results. Such statements involve potential risks and uncertainties,
and the general effects of financial, economic, and regulatory conditions affecting our industries. Accordingly, actual results
may differ materially. ARC does not have any obligation to publicly update or revise any forward-looking statements, whether as
a result of new information, future events or otherwise. For additional factors that may affect future results, please see filings
made by ARC with the Securities and Exchange Commission ("SEC"), including its Form 10-K for the fiscal year ended
June 30, 2013 and Form 10-Q for the period ended March 30, 2014, as well as current reports on Form 8-K filed from time-to-time
with the SEC.
CONTACT: Drew M. Kelley
PHONE: (303) 467-5236
Email:
[email protected]
| [
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"capabilities",
".",
"Being",
"our",
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"today",
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"\"",
".",
"Investor",
"Conference",
"Call",
"A",
"conference",
"call",
"to",
"discuss",
"the",
"Acquisition",
"is",
"scheduled",
"for",
"Wednesday",
",",
"June",
"25",
",",
"2014",
"at",
"4",
":",
"30",
"p.m.",
"Eastern Time",
".",
"To",
"participate",
"by",
"phone",
",",
"the",
"U",
".",
"S",
".",
"dial",
"-",
"in",
"number",
"is",
"888",
"-",
"572",
"-",
"7034",
"and",
"the",
"international",
"dial",
"-",
"in",
"number",
"is",
"719",
"-",
"785",
"-",
"1753",
".",
"Please",
"reference",
"conference",
"ID",
"#",
"6660165",
".",
"Participants",
"are",
"advised",
"to",
"dial",
"into",
"the",
"call",
"at",
"least",
"10",
"minutes",
"prior",
"to",
"the",
"call",
"start",
"time",
"to",
"register",
".",
"A",
"transcript",
"of",
"the",
"conference",
"call",
"will",
"be",
"available",
"on",
"the",
"ARC",
"website",
"beginning",
"two",
"days",
"following",
"the",
"call",
".",
"About",
"ARC",
"Group",
"Worldwide",
",",
"Inc",
".",
"ARC",
"Group",
"Worldwide",
"is",
"a",
"leading",
"global",
"advanced",
"manufacturing",
"and",
"3D",
"printing",
"service",
"provider",
".",
"Founded",
"in",
"1987",
",",
"the",
"Company",
"offers",
"its",
"customers",
"a",
"compelling",
"portfolio",
"of",
"advanced",
"manufacturing",
"technologies",
"and",
"cutting",
"-",
"edge",
"capabilities",
"to",
"improve",
"the",
"efficiency",
"of",
"traditional",
"manufacturing",
"processes",
"and",
"accelerate",
"their",
"time",
"to",
"market",
".",
"In",
"addition",
"to",
"being",
"a",
"world",
"leader",
"in",
"metal",
"injection",
"molding",
"(",
"\"",
"MIM",
"\"",
")",
",",
"ARC",
"has",
"significant",
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"in",
"3D",
"printing",
"and",
"imaging",
",",
"advanced",
"tooling",
",",
"automation",
",",
"machining",
",",
"plastic",
"injection",
"molding",
",",
"lean",
"manufacturing",
",",
"and",
"robotics",
".",
"For",
"more",
"information",
"about",
"ARC",
"Group",
"Worldwide",
",",
"please",
"visit",
"www.ArcGroupWorldwide.com",
",",
"or",
"its",
"operating",
"subsidiaries",
"at",
"www.3DMaterialTechnologies.com",
",",
"www.AFTmim.com",
",",
"www.AFTmimHU.com",
",",
"www.ARCmim.com",
",",
"www.ArcWireless.net",
",",
"www.ATCmold.com",
",",
"www.FloMet.com",
",",
"www.GeneralFlange.com",
",",
"www.Injectamax.com",
",",
"www.kecycorporation.com",
",",
"www.TeknaSeal.com",
",",
"and",
"www.ThixoWorks.com",
".",
"About",
"Kecy",
"Corporation",
"Kecy",
"Corporation",
"was",
"founded",
"in",
"1988",
"and",
"is",
"one",
"of",
"the",
"industry",
"'s",
"leading",
"metal",
"stamping",
"manufacturers",
".",
"Kecy",
"supplies",
"customers",
"in",
"a",
"range",
"of",
"industries",
"with",
"high",
"quality",
",",
"high",
"precision",
"metal",
"stampings",
",",
"specializing",
"in",
"quality",
"and",
"design",
"capabilities",
".",
"For",
"more",
"information",
"about",
"Kecy",
"Corporation",
"please",
"visit",
"www.kecycorporation.com",
".",
"IMPORTANT",
"INFORMATION",
"This",
"press",
"release",
"may",
"contain",
"\"",
"forward",
"-",
"looking",
"\"",
"statements",
"as",
"defined",
"in",
"the",
"Private",
"Securities",
"Litigation",
"Reform",
"Act",
"of",
"1995",
",",
"which",
"are",
"based",
"on",
"ARC",
"'s",
"current",
"expectations",
",",
"estimates",
"and",
"projections",
"about",
"future",
"events",
".",
"These",
"include",
",",
"but",
"are",
"not",
"limited",
"to",
",",
"statements",
",",
"if",
"any",
",",
"regarding",
"business",
"plans",
",",
"pro",
"-",
"forma",
"statements",
"and",
"financial",
"projections",
",",
"ARC",
"'s",
"ability",
"to",
"expand",
"its",
"services",
"and",
"realize",
"growth",
".",
"These",
"statements",
"are",
"not",
"historical",
"facts",
"or",
"guarantees",
"of",
"future",
"performance",
",",
"events",
"or",
"results",
".",
"Such",
"statements",
"involve",
"potential",
"risks",
"and",
"uncertainties",
",",
"and",
"the",
"general",
"effects",
"of",
"financial",
",",
"economic",
",",
"and",
"regulatory",
"conditions",
"affecting",
"our",
"industries",
".",
"Accordingly",
",",
"actual",
"results",
"may",
"differ",
"materially",
".",
"ARC",
"does",
"not",
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1294250-000119380507002295-e602565_ex99-1 | EX-99.1
9
e602565_ex99-1.txt
PRESS RELEASE
Rand Logistics Inc.
FOR IMMEDIATE RELEASE
RAND LOGISTICS ACQUIRES TWO FULLY COMMITTED VESSELS AND
SECURES USE OF A THIRD VESSEL
New York, NY - August 28, 2007 - Rand Logistics Inc. (NASDAQ: RLOG, RLOGW,
RLOGU) today announced that its wholly-owned subsidiary, Lower Lakes Towing,
Ltd., acquired two conventional bulk carriers from the Voyageur group of
companies for 25 million CAD (approximately U.S. $23.7 million). Additionally,
the Company entered into a contract of affreightment with Voyageur for the
exclusive use of a third vessel, and secured an option to acquire this vessel
for 5 million CAD. Management anticipates the three vessels will be immediately
accretive to EBITDA and net income for Rand.
Lower Lakes management has negotiated or assumed long-term contracts with
premier grain and other companies that are both current and new customers for
these vessels. The majority of the cargo to be carried on the vessels will be
grain. Voyageur will continue to provide all crew manning on the three vessels.
The acquisition was financed through an 18 million CAD (approximately U.S. $17.1
million) term loan increase from GE Canada Finance Holding Company. The balance
of the purchase price was paid with Rand cash on hand, including cash raised as
a result of recent exercises of Rand warrants.
Scott Bravener, President and CEO of Lower Lakes Towing, commented, "These
vessels further diversify our revenue and customer base, and substantially
expand our capacity in a market where demand exceeds supply. The customer
contracts we have signed cover the full capacity of the two acquired vessels,
and the majority of the third vessel. We are transferring a portion of our
self-unloading business to these vessels, enabling us to pursue additional
self-unloading cargo opportunities and maximize the utilization rates on the
newly added vessels. The vessels also enable further penetration of our existing
grain customers. Additionally, we are fortunate to be purchasing these vessels
as they enter the most profitable months of the grain shipping season due to the
seasonality of harvesting".
Laurence S. Levy, Chairman and CEO of Rand Logistics, stated, "We are very
enthusiastic about this acquisition and the benefits it brings to Rand. In
addition to diversifying the Company's customer base, this acquisition leverages
our existing infrastructure and should be immediately accretive to earnings.
This investment further validates our strategy of building our platform through
opportunistic, in-market, "tuck-in" acquisitions".
The vessels are Canadian flagged, and operate in the conventional dry bulk
trades on the Great Lakes. The two acquired vessels are 642 feet and 730 feet in
length and were built in 1952 and 1983, respectively. The third vessel measures
609 feet in length and was built in 1967. The Company believes that the vessels
have been well maintained and have long remaining economic life spans.
Further details regarding this transaction will be included in the Company's
Form 8-K being filed with the Securities and Exchange Commission by August 31,
2007.
About Rand Logistics
Rand Logistics, Inc. is a leading provider of bulk freight shipping services
throughout the Great Lakes region. Through its subsidiaries, the Company
operates a fleet of eleven self-unloading bulk carriers, including nine River
Class vessels and one River Class self-unloading tug/barge unit, and three
conventional bulk carriers. The Company is the only carrier able to offer
significant domestic port-to-port services in both Canada and the U.S. on the
Great Lakes. The Company's vessels operate under the U.S. Jones Act - which
dictates that only ships that are built, crewed and owned by U.S. citizens can
operate between U.S. ports - and the Canada Marine Act - which requires Canadian
commissioned ships to operate between Canadian ports.
Forward-Looking Statements
This press release may contain forward-looking statements (within the meaning of
the Private Securities Litigation Reform Act of 1995) concerning the Company and
its operating subsidiaries. Forward-looking statements are statements that are
not historical facts, but instead statements based upon the current beliefs and
expectations of management of the Company. Such forward-looking statements are
subject to risks and uncertainties, which could cause actual results to differ
from the results included in such forward-looking statements.
CONTACT: -OR- INVESTOR RELATIONS COUNSEL:
Rand Logistics, Inc. The Equity Group Inc.
Laurence S. Levy, Chairman & CEO Loren G. Mortman
212-644-3450 (212) 836-9604
[email protected]
www.theequitygroup.com
###
| [
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"PRESS",
"RELEASE",
"Rand",
"Logistics",
"Inc",
".",
"FOR",
"IMMEDIATE",
"RELEASE",
"RAND",
"LOGISTICS",
"ACQUIRES",
"TWO",
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"COMMITTED",
"VESSELS",
"AND",
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",",
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"-",
"August",
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"today",
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",",
"Lower",
"Lakes",
"Towing",
",",
"Ltd",
".",
",",
"acquired",
"two",
"conventional",
"bulk",
"carriers",
"from",
"the",
"Voyageur",
"group",
"of",
"companies",
"for",
"25 million",
"CAD",
"(",
"approximately",
"U",
".",
"S",
".",
"$",
"23.7 million",
")",
".",
"Additionally",
",",
"the",
"Company",
"entered",
"into",
"a",
"contract",
"of",
"affreightment",
"with",
"Voyageur",
"for",
"the",
"exclusive",
"use",
"of",
"a",
"third",
"vessel",
",",
"and",
"secured",
"an",
"option",
"to",
"acquire",
"this",
"vessel",
"for",
"5 million",
"CAD",
".",
"Management",
"anticipates",
"the",
"three",
"vessels",
"will",
"be",
"immediately",
"accretive",
"to",
"EBITDA",
"and",
"net",
"income",
"for",
"Rand",
".",
"Lower",
"Lakes",
"management",
"has",
"negotiated",
"or",
"assumed",
"long",
"-",
"term",
"contracts",
"with",
"premier",
"grain",
"and",
"other",
"companies",
"that",
"are",
"both",
"current",
"and",
"new",
"customers",
"for",
"these",
"vessels",
".",
"The",
"majority",
"of",
"the",
"cargo",
"to",
"be",
"carried",
"on",
"the",
"vessels",
"will",
"be",
"grain",
".",
"Voyageur",
"will",
"continue",
"to",
"provide",
"all",
"crew",
"manning",
"on",
"the",
"three",
"vessels",
".",
"The",
"acquisition",
"was",
"financed",
"through",
"an",
"18 million",
"CAD",
"(",
"approximately",
"U",
".",
"S",
".",
"$",
"17.1",
"million",
")",
"term",
"loan",
"increase",
"from",
"GE",
"Canada",
"Finance",
"Holding",
"Company",
".",
"The",
"balance",
"of",
"the",
"purchase",
"price",
"was",
"paid",
"with",
"Rand",
"cash",
"on",
"hand",
",",
"including",
"cash",
"raised",
"as",
"a",
"result",
"of",
"recent",
"exercises",
"of",
"Rand",
"warrants",
".",
"Scott",
"Bravener",
",",
"President",
"and",
"CEO",
"of",
"Lower",
"Lakes",
"Towing",
",",
"commented",
",",
"\"",
"These",
"vessels",
"further",
"diversify",
"our",
"revenue",
"and",
"customer",
"base",
",",
"and",
"substantially",
"expand",
"our",
"capacity",
"in",
"a",
"market",
"where",
"demand",
"exceeds",
"supply",
".",
"The",
"customer",
"contracts",
"we",
"have",
"signed",
"cover",
"the",
"full",
"capacity",
"of",
"the",
"two",
"acquired",
"vessels",
",",
"and",
"the",
"majority",
"of",
"the",
"third",
"vessel",
".",
"We",
"are",
"transferring",
"a",
"portion",
"of",
"our",
"self",
"-",
"unloading",
"business",
"to",
"these",
"vessels",
",",
"enabling",
"us",
"to",
"pursue",
"additional",
"self",
"-",
"unloading",
"cargo",
"opportunities",
"and",
"maximize",
"the",
"utilization",
"rates",
"on",
"the",
"newly",
"added",
"vessels",
".",
"The",
"vessels",
"also",
"enable",
"further",
"penetration",
"of",
"our",
"existing",
"grain",
"customers",
".",
"Additionally",
",",
"we",
"are",
"fortunate",
"to",
"be",
"purchasing",
"these",
"vessels",
"as",
"they",
"enter",
"the",
"most",
"profitable",
"months",
"of",
"the",
"grain",
"shipping",
"season",
"due",
"to",
"the",
"seasonality",
"of",
"harvesting",
"\"",
".",
"Laurence",
"S",
".",
"Levy",
",",
"Chairman",
"and",
"CEO",
"of",
"Rand",
"Logistics",
",",
"stated",
",",
"\"",
"We",
"are",
"very",
"enthusiastic",
"about",
"this",
"acquisition",
"and",
"the",
"benefits",
"it",
"brings",
"to",
"Rand",
".",
"In",
"addition",
"to",
"diversifying",
"the",
"Company",
"'s",
"customer",
"base",
",",
"this",
"acquisition",
"leverages",
"our",
"existing",
"infrastructure",
"and",
"should",
"be",
"immediately",
"accretive",
"to",
"earnings",
".",
"This",
"investment",
"further",
"validates",
"our",
"strategy",
"of",
"building",
"our",
"platform",
"through",
"opportunistic",
",",
"in",
"-",
"market",
",",
"\"",
"tuck",
"-",
"in",
"\"",
"acquisitions",
"\"",
".",
"The",
"vessels",
"are",
"Canadian",
"flagged",
",",
"and",
"operate",
"in",
"the",
"conventional",
"dry",
"bulk",
"trades",
"on",
"the",
"Great",
"Lakes",
".",
"The",
"two",
"acquired",
"vessels",
"are",
"642",
"feet",
"and",
"730",
"feet",
"in",
"length",
"and",
"were",
"built",
"in",
"1952",
"and",
"1983",
",",
"respectively",
".",
"The",
"third",
"vessel",
"measures",
"609",
"feet",
"in",
"length",
"and",
"was",
"built",
"in",
"1967",
".",
"The",
"Company",
"believes",
"that",
"the",
"vessels",
"have",
"been",
"well",
"maintained",
"and",
"have",
"long",
"remaining",
"economic",
"life",
"spans",
".",
"Further",
"details",
"regarding",
"this",
"transaction",
"will",
"be",
"included",
"in",
"the",
"Company",
"'s",
"Form",
"8",
"-",
"K",
"being",
"filed",
"with",
"the",
"Securities",
"and",
"Exchange",
"Commission",
"by",
"August",
"31",
",",
"2007",
".",
"About",
"Rand",
"Logistics",
"Rand",
"Logistics",
",",
"Inc",
".",
"is",
"a",
"leading",
"provider",
"of",
"bulk",
"freight",
"shipping",
"services",
"throughout",
"the",
"Great",
"Lakes",
"region",
".",
"Through",
"its",
"subsidiaries",
",",
"the",
"Company",
"operates",
"a",
"fleet",
"of",
"eleven",
"self",
"-",
"unloading",
"bulk",
"carriers",
",",
"including",
"nine",
"River",
"Class",
"vessels",
"and",
"one",
"River",
"Class",
"self",
"-",
"unloading",
"tug",
"/",
"barge",
"unit",
",",
"and",
"three",
"conventional",
"bulk",
"carriers",
".",
"The",
"Company",
"is",
"the",
"only",
"carrier",
"able",
"to",
"offer",
"significant",
"domestic",
"port",
"-",
"to",
"-",
"port",
"services",
"in",
"both",
"Canada",
"and",
"the",
"U",
".",
"S",
".",
"on",
"the",
"Great",
"Lakes",
".",
"The",
"Company",
"'s",
"vessels",
"operate",
"under",
"the",
"U",
".",
"S",
".",
"Jones",
"Act",
"-",
"which",
"dictates",
"that",
"only",
"ships",
"that",
"are",
"built",
",",
"crewed",
"and",
"owned",
"by",
"U",
".",
"S",
".",
"citizens",
"can",
"operate",
"between",
"U",
".",
"S",
".",
"ports",
"-",
"and",
"the",
"Canada",
"Marine",
"Act",
"-",
"which",
"requires",
"Canadian",
"commissioned",
"ships",
"to",
"operate",
"between",
"Canadian",
"ports",
".",
"Forward",
"-",
"Looking",
"Statements",
"This",
"press",
"release",
"may",
"contain",
"forward",
"-",
"looking",
"statements",
"(",
"within",
"the",
"meaning",
"of",
"the",
"Private",
"Securities",
"Litigation",
"Reform",
"Act",
"of",
"1995",
")",
"concerning",
"the",
"Company",
"and",
"its",
"operating",
"subsidiaries",
".",
"Forward",
"-",
"looking",
"statements",
"are",
"statements",
"that",
"are",
"not",
"historical",
"facts",
",",
"but",
"instead",
"statements",
"based",
"upon",
"the",
"current",
"beliefs",
"and",
"expectations",
"of",
"management",
"of",
"the",
"Company",
".",
"Such",
"forward",
"-",
"looking",
"statements",
"are",
"subject",
"to",
"risks",
"and",
"uncertainties",
",",
"which",
"could",
"cause",
"actual",
"results",
"to",
"differ",
"from",
"the",
"results",
"included",
"in",
"such",
"forward",
"-",
"looking",
"statements",
".",
"CONTACT",
":",
"-",
"OR",
"-",
"INVESTOR",
"RELATIONS",
"COUNSEL",
":",
"Rand",
"Logistics",
",",
"Inc",
".",
"The",
"Equity",
"Group",
"Inc",
".",
"Laurence",
"S",
".",
"Levy",
",",
"Chairman",
"&",
"CEO",
"Loren",
"G",
".",
"Mortman",
"212",
"-",
"644",
"-",
"3450",
"(",
"212",
")",
"836",
"-",
"9604",
"[email protected]",
"www.theequitygroup.com",
"#",
"#",
"#"
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"O",
"O",
"O",
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"O",
"O",
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"O",
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"O",
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"O",
"O",
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"O",
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"O",
"O",
"O",
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"O",
"O",
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"O",
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"O",
"O",
"O",
"O",
"O",
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"O",
"O",
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"O",
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"O",
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"O",
"O",
"O",
"O",
"O",
"O",
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1315695-000110465914069416-a14-21753_1ex99d1 | EX-99.1
2
a14-21753_1ex99d1.htm
EX-99.1
Exhibit 99.1
NEWS RELEASE
Rockwood Completes Sale of Its Titanium Dioxide Pigments and Four Other Non-Strategic Businesses to Huntsman
Princeton, NJ USA (October 1, 2014)
- Rockwood Holdings, Inc. (NYSE: ROC) announced that it completed today the previously announced sale of the Titanium Dioxide Pigments and four other non-strategic businesses to Huntsman Corporation (NYSE:HUN), a global specialty chemical company, for an enterprise value of $1.275 billion, including the assumption of $225 million in pension obligations.
The Rockwood businesses being sold include Titanium Dioxide Pigments, Color Pigments & Services, Timber Treatment Chemicals, Rubber/Thermoplastics Compounding, and Water Chemistry. Rockwood received net cash proceeds of $950 million, which is subject to certain potential post-closing adjustments.
* * *
Rockwood Holdings, Inc.
based in Princeton, N.J., is a leading global developer, manufacturer and marketer of technologically advanced and high value-added specialty chemicals. It is a leading integrated and low-cost global producer of lithium and lithium compounds used in lithium-ion batteries for electronic devices, alternative transportation vehicles and future energy storage technologies, meeting the significant growth in global demand for these products. The company is also the second-largest global producer of products and services for metal processing, servicing the aerospace, general and luxury automotive industries.
For more information on Rockwood, please visit www.rocksp.com.
* * *
Contact:
Nahla A. Azmy
Vice President, Investor Relations & Communications
[email protected]
Phone: 609-524-1109
* * *
Forward-Looking Statements
The information set forth in this press release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 concerning the business, operations and financial condition of Rockwood Holdings, Inc. and its subsidiaries and affiliates ("Rockwood"). Words such as "anticipates", "believes", "estimates", "expects,"
"forecasts", "predicts" and variations of such words or expressions are intended to identify forward-looking statements. Although Rockwood believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, there can be no assurance that its expectations will be realized. "Forward-looking statements" consist of all non-historical information, including any statements referring to the prospects and future performance of Rockwood, including without limitation, the payment of future dividends. Actual results could differ materially from those projected in Rockwood's forward-looking statements due to numerous known and unknown risks and uncertainties, including, among other things, the "Risk Factors" described in Rockwood's periodic reports on file with the Securities and Exchange Commission. Rockwood does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
Other Important Information
In connection with the proposed transaction, Albemarle Corporation ("Albemarle") filed with the SEC a Registration Statement on Form S-4 on August 27, 2014, as amended by that certain Amendment No. 1 to Form S-4 Registration Statement filed on September 23, 2014 (the "Registration Statement"), which includes the preliminary joint proxy statement of Albemarle and Rockwood and which also constitutes a preliminary prospectus of Albemarle. The information in the preliminary joint proxy statement/prospectus is not complete and may be changed. The definitive joint proxy statement/prospectus will be mailed to stockholders of Albemarle and Rockwood after the Registration Statement is declared effective by the SEC. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT AND JOINT PROXY STATEMENT/PROSPECTUS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC, BECAUSE THEY CONTAIN IMPORTANT INFORMATION. Investors and security holders may obtain a free copy of the Registration Statement and joint proxy statement/prospectus, as well as other documents filed by Albemarle and Rockwood, at the SEC's website (www.sec.gov). Copies of the Registration Statement and joint proxy statement/prospectus and the SEC filings that will be incorporated by reference therein may also be obtained for free by directing a request to either: Albemarle Corporation, 451 Florida Street, Baton Rouge, Louisiana 70801, USA, Attention: Investor Relations, Telephone: +1 (225) 388-7322, or to Rockwood Holdings, Inc., 100 Overlook Center, Princeton, New Jersey 08540, USA, Attn: Investor Relations, Telephone +1 (609) 524-1101.
Albemarle, Rockwood, their respective directors and executive officers and other persons may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. Information regarding Albemarle's directors and executive officers is available in its proxy statement filed with the SEC by Albemarle on March 28, 2014, and information regarding Rockwood's directors and executive officers is available in its proxy statement filed with the SEC by Rockwood on March 28, 2014. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, are contained in the Registration Statement and the joint proxy statement/prospectus (or will be contained in any amendments or supplements thereto and in other relevant materials to be filed with the SEC, when they become available). These documents can be obtained free of charge from the sources indicated above.
# # #
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1100820-000114420408044493-v121904_ex99-1 | EX-99.1
11
v121904_ex99-1.htm
Unassociated Document
EXHIBIT
99.1
Contact:
Wayne
I.
Danson
Chief
Executive Officer
John
E.
Donahue
Chief
Financial Officer
Ph:
646-227-1600
Encompass
Group Finalizes the Acquisition of Tritronics Inc.
New
York, New York, August 4, 2008
-
Encompass Group Affiliates, Inc. (OTC Bulletin Board: ECGA), an
integrated company serving the consumer electronics segment of the reverse
logistics industry, announced
today that it has completed the acquisition of privately held Tritronics Inc.
An
industry-leading original equipment manufacturer parts distributor for over
thirty years, Tritronics has operations in Baltimore and Miami, and distributes
consumer electronic replacement parts and accessories to thousands of
independent service dealers and OEM authorized service centers throughout the
United States and Mexico.
The
Company acquired all of the outstanding equity interests in Tritronics in
exchange for consideration consisting of $9 million in cash, a subordinated
promissory note in the principal amount of $1 million and an equity interest
in
the Company in the form of approximately 2.8 billion restricted shares of the
Company's common stock.
The
acquisition and related transaction costs were financed from the issuance of
Series B subordinated notes from the Company's existing lending sources and the
sale of approximately $4.2 million of Series E redeemable non-convertible
preferred stock to certain of the Company's existing investors, principally to
an affiliate of H.I.G. Capital, LLC.
Wayne
I.
Danson, Encompass Group's president and chief executive officer explained the
strategic impact of the acquisition. "With Tritronics joining the Encompass
family of companies, our distribution power is dramatically enhanced. It
immediately enables us to expand our distribution from a largely institutional
base to include thousands of smaller independent service centers and authorized
service centers operating throughout the United States." said Danson. "Coupled
with its sister company, Vance Baldwin, Tritronics will also expand our service
and value-added offerings, and adds the proven management talent of Tritronics'
Kim Wagner, Randy Williams and Jim Scarff, each of whom will continue to manage
and operate Tritronics' business".
Danson
noted that, "The Tritronics acquisition follows Encompass Group's recent
designation as the sole primary North American digital parts distributor for
Philips Electronics. These two events will result in an immediate growth in
our
distribution business of over 50%, less than one year after our acquisition
of
Vance Baldwin." stated Danson. "We believe this is another major step forward in
executing our strategy to be a vertically integrated full-service provider
in
the reverse logistics segment of the consumer electronics industry".
Kim
Wagner, President and CEO of Tritronics, agreed that the synergies resulting
from the acquisition would create a powerful market advantage. "Our family
continues to be committed to the independent consumer electronics repair
industry. Now, by joining forces with a dynamic and growing organization such
as
Encompass Group, we'll be better positioned to offer a broader range of
value-added services to our customers" said Wagner. "We are very excited about
this milestone in the company's long history".
For
the
fiscal year ended April 30, 2008, Tritronics recorded sales revenue of
approximately $21.8 million (unaudited).
About
Encompass Group Affiliates, Inc.
Encompass
Group Affiliates, Inc. (OTC
Bulletin Board: ECGA),
is
a New
York-based company that specializes in the consumer electronic after-market
service and supply chain, known as reverse logistics. Encompass Group Affiliates
acquires businesses that provide computer and electronic repair services, parts
distribution and asset management services. Encompass Group Affiliates addresses
the full scope of this multi-billion market - including the end-user driven
product support and repair industry, as well as the manufacturer-driven recovery
and e-Waste industry. It provides single-source lifecycle management services
for technology products, currently in the North American market, with
accelerating growth towards a global presence. The Company's market position is
based on its distinctive ability to provide single-point, comprehensive
lifecycle service on a competitive basis. For more information about Encompass
Group Affiliates, Inc visit our website at http:// www.encompass.com
About
Tritronics, Inc.
Tritronics,
established in 1975, is a distributor of consumer electronic parts and
accessories. With warehouses in Miami, Florida and Abingdon, Maryland,
Tritronics has been providing parts and value-added services to the independent
consumer electronic industry for over 30 years. Tritonics delivers not
only parts, but a level of service and technology that helps its customers
maintain world-class service. The company has received a host of industry awards
over the years, including the National Electronic Service Dealer's Associations'
PARTner's in Excellence Award, Sharp Distributor of the Year and Toshiba
Distributor of the year. The company also distributes a full line of
service aids and test equipment. For more information about Tritronics, Inc.
visit http:// www.tritronicsinc.com
About
Vance Baldwin Electronics
Vance
Baldwin Electronics, an Encompass Group Affiliates company, is an industry
leading Original Equipment Manufacturer Parts Distributor. In continuous
operation for more than fifty years and operating from south Florida, Vance
Baldwin distributes more than 150 brands annually for consumer electronics,
computers, printers and office equipment. Vance Baldwin also provides service
aids and industrial products such as cable, tools, test equipment, cleaners
and
other installation equipment. Its distribution facilities located near Atlanta,
Georgia, allows for 2 day delivery to the vast majority of the United States
with UPS Ground Service. It maintains a call center with highly trained parts
consultants to receive customer calls and provide assistance with parts
selection and ordering. For more information about Vance Baldwin Electronics,
visit www.vancebaldwin.com
About
Cyber-Test
Cyber-Test,
an Encompass Group Affiliates company, is an established electronic equipment
repair facility located in Orlando, Florida. The company specializes in the
repair and exchange of consumer and office electronic equipment, providing
board-level and whole-unit repair to third-party warranty compa-nies, OEMs,
national retailers and national office equipment dealers. Cyber-Test, in
continuous operation since 1986, offers Level II and Level III call center
technical support, service contract administration and support and asset
recovery programs. The company's expertise is rooted in depot repairs, advance
exchange services, reverse engineering logistics, and help desk technical
support. For more information, visit Cyber-Test's website at http://www.equipfix.com.
*
* * *
*
This
release
and oral
statements made from time to time by Encompass Group Affiliates, Inc.'s
representatives concerning the same subject matter may contain "forward-looking
statements"
within
the meaning of the
Private Securities
Litigation
Reform Act
of 1995.
These
statements
can be
identified
by introductory words such as "expects", "anticipate", "plans", "should,"
"believes", "will", or words of similar meaning, and by the fact
that
they do
not
relate strictly
to
historical
or current facts. Many
factors
may
cause
actual results to differ from forward-looking statements, as well as inaccurate
assumptions and a broad variety of risks and uncertainties, some of which are
known and others of which are not. Known risks and uncertainties include those
identified from time to time
in the
reports
filed
by
Encompass Group Affiliates, Inc. with
the
Securities and Exchange Commission,
which
should be considered together with any forward-looking statement.
No
forward-looking statement is
a
guarantee of future results
or
events,
and one should avoid placing undue reliance on such statements.
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"States",
"and",
"Mexico",
".",
"The",
"Company",
"acquired",
"all",
"of",
"the",
"outstanding",
"equity",
"interests",
"in",
"Tritronics",
"in",
"exchange",
"for",
"consideration",
"consisting",
"of",
"$",
"9 million",
"in",
"cash",
",",
"a",
"subordinated",
"promissory",
"note",
"in",
"the",
"principal",
"amount",
"of",
"$",
"1 million",
"and",
"an",
"equity",
"interest",
"in",
"the",
"Company",
"in",
"the",
"form",
"of",
"approximately",
"2",
".",
"8",
"billion",
"restricted",
"shares",
"of",
"the",
"Company",
"'s",
"common",
"stock",
".",
"The",
"acquisition",
"and",
"related",
"transaction",
"costs",
"were",
"financed",
"from",
"the",
"issuance",
"of",
"Series",
"B",
"subordinated",
"notes",
"from",
"the",
"Company",
"'s",
"existing",
"lending",
"sources",
"and",
"the",
"sale",
"of",
"approximately",
"$",
"4.2 million",
"of",
"Series",
"E",
"redeemable",
"non",
"-",
"convertible",
"preferred",
"stock",
"to",
"certain",
"of",
"the",
"Company",
"'s",
"existing",
"investors",
",",
"principally",
"to",
"an",
"affiliate",
"of",
"H",
".",
"I",
".",
"G",
".",
"Capital",
",",
"LLC",
".",
"Wayne",
"I",
".",
"Danson",
",",
"Encompass",
"Group",
"'s",
"president",
"and",
"chief",
"executive",
"officer",
"explained",
"the",
"strategic",
"impact",
"of",
"the",
"acquisition",
".",
"\"",
"With",
"Tritronics",
"joining",
"the",
"Encompass",
"family",
"of",
"companies",
",",
"our",
"distribution",
"power",
"is",
"dramatically",
"enhanced",
".",
"It",
"immediately",
"enables",
"us",
"to",
"expand",
"our",
"distribution",
"from",
"a",
"largely",
"institutional",
"base",
"to",
"include",
"thousands",
"of",
"smaller",
"independent",
"service",
"centers",
"and",
"authorized",
"service",
"centers",
"operating",
"throughout",
"the",
"United",
"States",
".",
"\"",
"said",
"Danson",
".",
"\"",
"Coupled",
"with",
"its",
"sister",
"company",
",",
"Vance",
"Baldwin",
",",
"Tritronics",
"will",
"also",
"expand",
"our",
"service",
"and",
"value",
"-",
"added",
"offerings",
",",
"and",
"adds",
"the",
"proven",
"management",
"talent",
"of",
"Tritronics",
"'",
"Kim",
"Wagner",
",",
"Randy",
"Williams",
"and",
"Jim",
"Scarff",
",",
"each",
"of",
"whom",
"will",
"continue",
"to",
"manage",
"and",
"operate",
"Tritronics",
"'",
"business",
"\"",
".",
"Danson",
"noted",
"that",
",",
"\"",
"The",
"Tritronics",
"acquisition",
"follows",
"Encompass",
"Group",
"'",
"s",
"recent",
"designation",
"as",
"the",
"sole",
"primary",
"North",
"American",
"digital",
"parts",
"distributor",
"for",
"Philips",
"Electronics",
".",
"These",
"two",
"events",
"will",
"result",
"in",
"an",
"immediate",
"growth",
"in",
"our",
"distribution",
"business",
"of",
"over",
"50",
"%",
",",
"less",
"than",
"one",
"year",
"after",
"our",
"acquisition",
"of",
"Vance",
"Baldwin",
".",
"\"",
"stated",
"Danson",
".",
"\"",
"We",
"believe",
"this",
"is",
"another",
"major",
"step",
"forward",
"in",
"executing",
"our",
"strategy",
"to",
"be",
"a",
"vertically",
"integrated",
"full",
"-",
"service",
"provider",
"in",
"the",
"reverse",
"logistics",
"segment",
"of",
"the",
"consumer",
"electronics",
"industry",
"\"",
".",
"Kim",
"Wagner",
",",
"President",
"and",
"CEO",
"of",
"Tritronics",
",",
"agreed",
"that",
"the",
"synergies",
"resulting",
"from",
"the",
"acquisition",
"would",
"create",
"a",
"powerful",
"market",
"advantage",
".",
"\"",
"Our",
"family",
"continues",
"to",
"be",
"committed",
"to",
"the",
"independent",
"consumer",
"electronics",
"repair",
"industry",
".",
"Now",
",",
"by",
"joining",
"forces",
"with",
"a",
"dynamic",
"and",
"growing",
"organization",
"such",
"as",
"Encompass",
"Group",
",",
"we",
"'",
"ll",
"be",
"better",
"positioned",
"to",
"offer",
"a",
"broader",
"range",
"of",
"value",
"-",
"added",
"services",
"to",
"our",
"customers",
"\"",
"said",
"Wagner",
".",
"\"",
"We",
"are",
"very",
"excited",
"about",
"this",
"milestone",
"in",
"the",
"company",
"'s",
"long",
"history",
"\"",
".",
"For",
"the",
"fiscal",
"year",
"ended",
"April",
"30",
",",
"2008",
",",
"Tritronics",
"recorded",
"sales",
"revenue",
"of",
"approximately",
"$",
"21.8 million",
"(",
"unaudited",
")",
".",
"About",
"Encompass",
"Group",
"Affiliates",
",",
"Inc",
".",
"Encompass",
"Group",
"Affiliates",
",",
"Inc",
".",
"(",
"OTC",
"Bulletin",
"Board",
":",
"ECGA",
")",
",",
"is",
"a",
"New",
"York",
"-",
"based",
"company",
"that",
"specializes",
"in",
"the",
"consumer",
"electronic",
"after",
"-",
"market",
"service",
"and",
"supply",
"chain",
",",
"known",
"as",
"reverse",
"logistics",
".",
"Encompass",
"Group",
"Affiliates",
"acquires",
"businesses",
"that",
"provide",
"computer",
"and",
"electronic",
"repair",
"services",
",",
"parts",
"distribution",
"and",
"asset",
"management",
"services",
".",
"Encompass",
"Group",
"Affiliates",
"addresses",
"the",
"full",
"scope",
"of",
"this",
"multi",
"-",
"billion",
"market",
"-",
"including",
"the",
"end",
"-",
"user",
"driven",
"product",
"support",
"and",
"repair",
"industry",
",",
"as",
"well",
"as",
"the",
"manufacturer",
"-",
"driven",
"recovery",
"and",
"e",
"-",
"Waste",
"industry",
".",
"It",
"provides",
"single",
"-",
"source",
"lifecycle",
"management",
"services",
"for",
"technology",
"products",
",",
"currently",
"in",
"the",
"North",
"American",
"market",
",",
"with",
"accelerating",
"growth",
"towards",
"a",
"global",
"presence",
".",
"The",
"Company",
"'s",
"market",
"position",
"is",
"based",
"on",
"its",
"distinctive",
"ability",
"to",
"provide",
"single",
"-",
"point",
",",
"comprehensive",
"lifecycle",
"service",
"on",
"a",
"competitive",
"basis",
".",
"For",
"more",
"information",
"about",
"Encompass",
"Group",
"Affiliates",
",",
"Inc",
"visit",
"our",
"website",
"at",
"http",
":",
"/",
"/",
"www.encompass.com",
"About",
"Tritronics",
",",
"Inc",
".",
"Tritronics",
",",
"established",
"in",
"1975",
",",
"is",
"a",
"distributor",
"of",
"consumer",
"electronic",
"parts",
"and",
"accessories",
".",
"With",
"warehouses",
"in",
"Miami",
",",
"Florida",
"and",
"Abingdon",
",",
"Maryland",
",",
"Tritronics",
"has",
"been",
"providing",
"parts",
"and",
"value",
"-",
"added",
"services",
"to",
"the",
"independent",
"consumer",
"electronic",
"industry",
"for",
"over",
"30",
"years",
".",
"Tritonics",
"delivers",
"not",
"only",
"parts",
",",
"but",
"a",
"level",
"of",
"service",
"and",
"technology",
"that",
"helps",
"its",
"customers",
"maintain",
"world",
"-",
"class",
"service",
".",
"The",
"company",
"has",
"received",
"a",
"host",
"of",
"industry",
"awards",
"over",
"the",
"years",
",",
"including",
"the",
"National",
"Electronic",
"Service",
"Dealer",
"'s",
"Associations",
"'",
"PARTner",
"'s",
"in",
"Excellence",
"Award",
",",
"Sharp",
"Distributor",
"of",
"the",
"Year",
"and",
"Toshiba",
"Distributor",
"of",
"the",
"year",
".",
"The",
"company",
"also",
"distributes",
"a",
"full",
"line",
"of",
"service",
"aids",
"and",
"test",
"equipment",
".",
"For",
"more",
"information",
"about",
"Tritronics",
",",
"Inc",
".",
"visit",
"http",
":",
"/",
"/",
"www.tritronicsinc.com",
"About",
"Vance",
"Baldwin",
"Electronics",
"Vance",
"Baldwin",
"Electronics",
",",
"an",
"Encompass",
"Group",
"Affiliates",
"company",
",",
"is",
"an",
"industry",
"leading",
"Original",
"Equipment",
"Manufacturer",
"Parts",
"Distributor",
".",
"In",
"continuous",
"operation",
"for",
"more",
"than",
"fifty",
"years",
"and",
"operating",
"from",
"south",
"Florida",
",",
"Vance",
"Baldwin",
"distributes",
"more",
"than",
"150",
"brands",
"annually",
"for",
"consumer",
"electronics",
",",
"computers",
",",
"printers",
"and",
"office",
"equipment",
".",
"Vance",
"Baldwin",
"also",
"provides",
"service",
"aids",
"and",
"industrial",
"products",
"such",
"as",
"cable",
",",
"tools",
",",
"test",
"equipment",
",",
"cleaners",
"and",
"other",
"installation",
"equipment",
".",
"Its",
"distribution",
"facilities",
"located",
"near",
"Atlanta",
",",
"Georgia",
",",
"allows",
"for",
"2",
"day",
"delivery",
"to",
"the",
"vast",
"majority",
"of",
"the",
"United",
"States",
"with",
"UPS",
"Ground",
"Service",
".",
"It",
"maintains",
"a",
"call",
"center",
"with",
"highly",
"trained",
"parts",
"consultants",
"to",
"receive",
"customer",
"calls",
"and",
"provide",
"assistance",
"with",
"parts",
"selection",
"and",
"ordering",
".",
"For",
"more",
"information",
"about",
"Vance",
"Baldwin",
"Electronics",
",",
"visit",
"www.vancebaldwin.com",
"About",
"Cyber",
"-",
"Test",
"Cyber",
"-",
"Test",
",",
"an",
"Encompass",
"Group",
"Affiliates",
"company",
",",
"is",
"an",
"established",
"electronic",
"equipment",
"repair",
"facility",
"located",
"in",
"Orlando",
",",
"Florida",
".",
"The",
"company",
"specializes",
"in",
"the",
"repair",
"and",
"exchange",
"of",
"consumer",
"and",
"office",
"electronic",
"equipment",
",",
"providing",
"board",
"-",
"level",
"and",
"whole",
"-",
"unit",
"repair",
"to",
"third",
"-",
"party",
"warranty",
"compa",
"-",
"nies",
",",
"OEMs",
",",
"national",
"retailers",
"and",
"national",
"office",
"equipment",
"dealers",
".",
"Cyber",
"-",
"Test",
",",
"in",
"continuous",
"operation",
"since",
"1986",
",",
"offers",
"Level",
"II",
"and",
"Level",
"III",
"call",
"center",
"technical",
"support",
",",
"service",
"contract",
"administration",
"and",
"support",
"and",
"asset",
"recovery",
"programs",
".",
"The",
"company",
"'s",
"expertise",
"is",
"rooted",
"in",
"depot",
"repairs",
",",
"advance",
"exchange",
"services",
",",
"reverse",
"engineering",
"logistics",
",",
"and",
"help",
"desk",
"technical",
"support",
".",
"For",
"more",
"information",
",",
"visit",
"Cyber",
"-",
"Test",
"'",
"s",
"website",
"at",
"http://www.equipfix.com",
".",
"*",
"*",
"*",
"*",
"*",
"This",
"release",
"and",
"oral",
"statements",
"made",
"from",
"time",
"to",
"time",
"by",
"Encompass",
"Group",
"Affiliates",
",",
"Inc",
".",
"'s",
"representatives",
"concerning",
"the",
"same",
"subject",
"matter",
"may",
"contain",
"\"",
"forward",
"-",
"looking",
"statements",
"\"",
"within",
"the",
"meaning",
"of",
"the",
"Private",
"Securities",
"Litigation",
"Reform",
"Act",
"of",
"1995",
".",
"These",
"statements",
"can",
"be",
"identified",
"by",
"introductory",
"words",
"such",
"as",
"\"",
"expects",
"\"",
",",
"\"",
"anticipate",
"\"",
",",
"\"",
"plans",
"\"",
",",
"\"",
"should",
",",
"\"",
"\"",
"believes",
"\"",
",",
"\"",
"will",
"\"",
",",
"or",
"words",
"of",
"similar",
"meaning",
",",
"and",
"by",
"the",
"fact",
"that",
"they",
"do",
"not",
"relate",
"strictly",
"to",
"historical",
"or",
"current",
"facts",
".",
"Many",
"factors",
"may",
"cause",
"actual",
"results",
"to",
"differ",
"from",
"forward",
"-",
"looking",
"statements",
",",
"as",
"well",
"as",
"inaccurate",
"assumptions",
"and",
"a",
"broad",
"variety",
"of",
"risks",
"and",
"uncertainties",
",",
"some",
"of",
"which",
"are",
"known",
"and",
"others",
"of",
"which",
"are",
"not",
".",
"Known",
"risks",
"and",
"uncertainties",
"include",
"those",
"identified",
"from",
"time",
"to",
"time",
"in",
"the",
"reports",
"filed",
"by",
"Encompass",
"Group",
"Affiliates",
",",
"Inc",
".",
"with",
"the",
"Securities",
"and",
"Exchange",
"Commission",
",",
"which",
"should",
"be",
"considered",
"together",
"with",
"any",
"forward",
"-",
"looking",
"statement",
".",
"No",
"forward",
"-",
"looking",
"statement",
"is",
"a",
"guarantee",
"of",
"future",
"results",
"or",
"events",
",",
"and",
"one",
"should",
"avoid",
"placing",
"undue",
"reliance",
"on",
"such",
"statements",
"."
] | [
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"O",
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"O",
"O",
"O",
"O",
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"B-Parties.BUYING_COMPANY",
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"B-Parties.BUYING_COMPANY",
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"O",
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"O",
"O",
"O",
"O",
"O",
"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"O",
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"B-Parties.ACQUIRED_COMPANY",
"I-Parties.ACQUIRED_COMPANY",
"I-Parties.ACQUIRED_COMPANY",
"O",
"O",
"O",
"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"B-Parties.ACQUIRED_COMPANY",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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1759774-000121390020000832-f8k011020ex99-1_postalrealty | EX-99.1
2
f8k011020ex99-1_postalrealty.htm
PRESS RELEASE OF POSTAL REALTY TRUST, INC., DATED JANUARY 13, 2020
Exhibit
99.1
Postal
Realty Trust Substantially Completes Acquisition of 22-Property US Postal Service Portfolio
CEDARHURST,
NEW YORK, January 13, 2020 (BUSINESSWIRE)
- Postal Realty Trust, Inc. (NYSE:PSTL) (the "Company"), an internally
managed real estate investment trust that owns properties leased to the United States Postal Service ("USPS"), today
announced it has closed on the acquisition of 21 of the 22 properties (the "Portfolio") previously announced on December
4, 2019. The remaining property is scheduled to close during the third quarter of 2020.
The
entire Portfolio is comprised of approximately 91,900 net leasable interior square feet and generates a weighted average rental
rate of $15.60 per net leasable interior square foot. The aggregate purchase price of the 21 properties was $13.8 million. The
purchase was funded with the issuance of $8.2 million of OP units valued at $17.00 per unit and the remainder in cash.
As
of January 13, 2020, the Company owns 487 properties in 45 states comprising 1.5 million net leasable interior square feet generating
a weighted average rent of $9.71 per square foot.
About
Postal Realty Trust, Inc.
Postal
Realty Trust, Inc. is an internally managed real estate investment trust that owns properties leased to the USPS. The Company
believes it is one of the largest owners and managers of properties leased to the USPS.
Forward-Looking
and Cautionary Statements
This
press release contains "forward-looking statements." Forward-looking statements include statements regarding identified
by words such as "could", "may", "might", "will", "likely", "anticipates,"
"intends", "plans", "seeks", "believes", "estimates", "expects,"
"continues", "projects" and similar references to future periods, or by the inclusion of forecasts or
projections. Forward-looking statements, including, among others, statements regarding the Company's ability to obtain financing,
the Company's expected capitalization rates and the Company's ability to close on pending transactions on the terms
or timing it expects, if at all, are based on the Company's current expectations and assumptions regarding capital market
conditions, the Company's business, the economy and other future conditions. Because forward-looking statements relate to
the future, by their nature, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult
to predict. As a result, the Company's actual results may differ materially from those contemplated by the forward-looking
statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements
include the USPS's terminations or non-renewals of leases, changes in demand for postal services delivered by the USPS,
the solvency and financial health of the USPS, competitive, financial market and regulatory conditions, general real estate market
conditions, the Company's competitive environment and other factors set forth under "Risk Factors" in the Company's
filings with the Securities and Exchange Commission. Any forward-looking statement made in this press release speaks only as of
the date on which it is made. The Company undertakes no obligation to publicly update or revise any forward-looking statement,
whether as a result of new information, future developments or otherwise.
Contact:
Investor
Relations and Media Relations
Email:
[email protected]
Phone:
516-232-8900
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54424-000101968705002062-xchange_8kex99-1 | EX-99.1
3
xchange_8kex99-1.txt
PRESS RELEASE DATED JULY 28, 2005
EXHIBIT 99.1
For Immediate Release - Thursday, July 28, 2005
X-CHANGE CORPORATION RE-ACQUIRES AIRGATE TECHNOLOGIES, INC.
DALLAS--(Business Wire)--July 28, 2005. The X-Change Corporation (OTC
Bulletin Board: XCHC) has completed the acquisition of AirGATE Technologies,
Inc., an early-stage company specializing in radio frequency identification
(RFID), wireless and intelligent, sensor technology.
In September 2004, to focus on opportunities in the oil and gas
industry, the X-Change Corporation sold its former interest in AirGATE, an RFID
Company, to the company's employees. The X-Change Corporation received 3.5
Million shares of its common stock and retained a percentage interest in AirGATE
projects under development.
In December 2004, AirGATE received a purchase order from a Fortune 1000
technology company with interests in the oil and gas industry for the
development of a radio frequency enabled tool. Phase I is complete and the
customer and AirGATE are evaluating the results, and expect further testing in
the near future in Phase II of the project. AirGATE and its customer have filed
two patent applications based on the system and technology.
With a keen interest in the oil industry and AirGATE's development of
oil field technology and its potential, a decision was made by X-Change
Corporation executives and board members to re-acquire AirGATE. In exchange for
AirGATE, X-Change Corporation issued 10,000,000 shares of its common stock to
the shareholders of AirGATE.
In addition to its work in the petroleum industry, AirGATE has
continued research and development on its child safety seat "Smart Buckle"
technology and has conducted RFID tests in aerospace, medical instruments and
automotive component re-manufacture with leaders in those industries.
In conjunction with the acquisition of AirGATE, Charles Stidham has
resigned as Chief Executive Officer and director at X-Change Corporation, and
Dean Elliot resigned as President of the Company. Michael L. Sheriff takes on
the new position as Chairman and Chief Executive Officer at X-Change
Corporation. Scott R. Thompson remains as CFO, Treasurer and will replace Mark
Pierce as Secretary. Mr. Thompson also remains a director, and Robert Barbee
continues as a director and President of the Company's oil and gas subsidiary.
Additional information is available in the Company's 8K filing.
The new management team has evaluated and will continue to appraise the
prior activities of the X-Change Corporation.
"Just as AirGATE has focused its efforts on technology services with an
emphasis in the oil and gas industry, it is important that the X-Change
Corporation focus its energies on proven opportunities as well", said Sheriff.
"In reviewing past information and records, we believe that
-more-
Page 2
X-Change continued...
information released on financial projections, reserves and potential
opportunities may have been overly optimistic. In addition, we continue to
evaluate the opportunities in Cambodia, but have not yet established a permanent
presence in that country. Over the next ninety days, senior management will
evaluate the Company's position relative to leases, production, reserves and
overseas opportunities. If it is determined that these areas are not in the long
term best interests of the company, they will be liquidated or sold".
ABOUT AIRGATE TECHNOLOGIES
AirGATE Technologies, Inc. is an early-stage company specializing in radio
frequency identification (RFID), wireless and intelligent, sensor technology. As
a full-solution company, AirGATE Technologies handles business assessment,
process and technology blending, solution architecture, technology selection,
including proprietary AirGATE technology, and solution integration and support.
The Company has, in an environment of technology cost compression, built a
stable of technology partners that are best in class and span a wide range of
solutions to support small, medium and large enterprises. Please visit
www.AirGATEtech.com for more information.
ABOUT THE X-CHANGE CORPORATION
The X-Change Corporation is a company that was organized to seek merger or
acquisition candidates. The Company intends to acquire interests in emerging
opportunities that the Company believes will generate significant revenues and
return a profit to shareholders. Please visit www.x-changecorp.com for further
information.
FORWARD-LOOKING STATEMENTS
Except for historical information contained herein, the statements made in this
release constitute forward-looking statements (including within the meaning of
Section 27A of the United States Securities Act of 1933 and Section 21E of the
United States Securities Exchange Act of 1934). Such forward- looking statements
are based on current expectations that are subject to significant risks and
uncertainties that are difficult to predict, including statements regarding the
intent, belief or current expectations of the X-Change Corporation, AirGATE
Technologies and their respective managements regarding strategic directions,
prospects and future results. These forward-looking statements include, among
other things, statements regarding future events and the future financial
performance of the X-Change Corporation that involve risks and uncertainties.
Readers are cautioned that these forward-looking statements are only predictions
and may differ materially from actual future events or results. Readers are
referred to the documents filed by the X-Change Corporation, which are on file
with the U.S. Securities and Exchange Commission and may be accessed at
http://www.sec.gov or the X-Change Corporation's investor relations web page at
http://www.x-changecorp.com/index.html, and specifically the most recent reports
on Form 10-K and 10-Q, each as it may be amended from time to time, which
identify important risk factors that could cause actual results to differ from
those contained in the forward-looking statements. The X-Change Corporation
disclaims any obligation to update or correct any forward-looking statements
made herein due to the occurrence of events after the issuance of this press
release.
For further information, please contact Michael P. McInerney 972-747-1206.
SOURCE X-Change Corporation
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"the",
"oil",
"industry",
"and",
"AirGATE",
"'s",
"development",
"of",
"oil",
"field",
"technology",
"and",
"its",
"potential",
",",
"a",
"decision",
"was",
"made",
"by",
"X",
"-",
"Change",
"Corporation",
"executives",
"and",
"board",
"members",
"to",
"re",
"-",
"acquire",
"AirGATE",
".",
"In",
"exchange",
"for",
"AirGATE",
",",
"X",
"-",
"Change",
"Corporation",
"issued",
"10,000,000",
"shares",
"of",
"its",
"common",
"stock",
"to",
"the",
"shareholders",
"of",
"AirGATE",
".",
"In",
"addition",
"to",
"its",
"work",
"in",
"the",
"petroleum",
"industry",
",",
"AirGATE",
"has",
"continued",
"research",
"and",
"development",
"on",
"its",
"child",
"safety",
"seat",
"\"",
"Smart",
"Buckle",
"\"",
"technology",
"and",
"has",
"conducted",
"RFID",
"tests",
"in",
"aerospace",
",",
"medical",
"instruments",
"and",
"automotive",
"component",
"re",
"-",
"manufacture",
"with",
"leaders",
"in",
"those",
"industries",
".",
"In",
"conjunction",
"with",
"the",
"acquisition",
"of",
"AirGATE",
",",
"Charles",
"Stidham",
"has",
"resigned",
"as",
"Chief",
"Executive",
"Officer",
"and",
"director",
"at",
"X",
"-",
"Change",
"Corporation",
",",
"and",
"Dean",
"Elliot",
"resigned",
"as",
"President",
"of",
"the",
"Company",
".",
"Michael",
"L",
".",
"Sheriff",
"takes",
"on",
"the",
"new",
"position",
"as",
"Chairman",
"and",
"Chief",
"Executive",
"Officer",
"at",
"X",
"-",
"Change",
"Corporation",
".",
"Scott",
"R",
".",
"Thompson",
"remains",
"as",
"CFO",
",",
"Treasurer",
"and",
"will",
"replace",
"Mark",
"Pierce",
"as",
"Secretary",
".",
"Mr",
".",
"Thompson",
"also",
"remains",
"a",
"director",
",",
"and",
"Robert",
"Barbee",
"continues",
"as",
"a",
"director",
"and",
"President",
"of",
"the",
"Company",
"'s",
"oil",
"and",
"gas",
"subsidiary",
".",
"Additional",
"information",
"is",
"available",
"in",
"the",
"Company",
"'s",
"8K",
"filing",
".",
"The",
"new",
"management",
"team",
"has",
"evaluated",
"and",
"will",
"continue",
"to",
"appraise",
"the",
"prior",
"activities",
"of",
"the",
"X",
"-",
"Change",
"Corporation",
".",
"\"",
"Just",
"as",
"AirGATE",
"has",
"focused",
"its",
"efforts",
"on",
"technology",
"services",
"with",
"an",
"emphasis",
"in",
"the",
"oil",
"and",
"gas",
"industry",
",",
"it",
"is",
"important",
"that",
"the",
"X",
"-",
"Change",
"Corporation",
"focus",
"its",
"energies",
"on",
"proven",
"opportunities",
"as",
"well",
"\"",
",",
"said",
"Sheriff",
".",
"\"",
"In",
"reviewing",
"past",
"information",
"and",
"records",
",",
"we",
"believe",
"that",
"-",
"more",
"-",
"Page",
"2",
"X",
"-",
"Change",
"continued",
"...",
"information",
"released",
"on",
"financial",
"projections",
",",
"reserves",
"and",
"potential",
"opportunities",
"may",
"have",
"been",
"overly",
"optimistic",
".",
"In",
"addition",
",",
"we",
"continue",
"to",
"evaluate",
"the",
"opportunities",
"in",
"Cambodia",
",",
"but",
"have",
"not",
"yet",
"established",
"a",
"permanent",
"presence",
"in",
"that",
"country",
".",
"Over",
"the",
"next",
"ninety",
"days",
",",
"senior",
"management",
"will",
"evaluate",
"the",
"Company",
"'s",
"position",
"relative",
"to",
"leases",
",",
"production",
",",
"reserves",
"and",
"overseas",
"opportunities",
".",
"If",
"it",
"is",
"determined",
"that",
"these",
"areas",
"are",
"not",
"in",
"the",
"long",
"term",
"best",
"interests",
"of",
"the",
"company",
",",
"they",
"will",
"be",
"liquidated",
"or",
"sold",
"\"",
".",
"ABOUT",
"AIRGATE",
"TECHNOLOGIES",
"AirGATE",
"Technologies",
",",
"Inc",
".",
"is",
"an",
"early",
"-",
"stage",
"company",
"specializing",
"in",
"radio",
"frequency",
"identification",
"(",
"RFID",
")",
",",
"wireless",
"and",
"intelligent",
",",
"sensor",
"technology",
".",
"As",
"a",
"full",
"-",
"solution",
"company",
",",
"AirGATE",
"Technologies",
"handles",
"business",
"assessment",
",",
"process",
"and",
"technology",
"blending",
",",
"solution",
"architecture",
",",
"technology",
"selection",
",",
"including",
"proprietary",
"AirGATE",
"technology",
",",
"and",
"solution",
"integration",
"and",
"support",
".",
"The",
"Company",
"has",
",",
"in",
"an",
"environment",
"of",
"technology",
"cost",
"compression",
",",
"built",
"a",
"stable",
"of",
"technology",
"partners",
"that",
"are",
"best",
"in",
"class",
"and",
"span",
"a",
"wide",
"range",
"of",
"solutions",
"to",
"support",
"small",
",",
"medium",
"and",
"large",
"enterprises",
".",
"Please",
"visit",
"www.AirGATEtech.com",
"for",
"more",
"information",
".",
"ABOUT",
"THE",
"X",
"-",
"CHANGE",
"CORPORATION",
"The",
"X",
"-",
"Change",
"Corporation",
"is",
"a",
"company",
"that",
"was",
"organized",
"to",
"seek",
"merger",
"or",
"acquisition",
"candidates",
".",
"The",
"Company",
"intends",
"to",
"acquire",
"interests",
"in",
"emerging",
"opportunities",
"that",
"the",
"Company",
"believes",
"will",
"generate",
"significant",
"revenues",
"and",
"return",
"a",
"profit",
"to",
"shareholders",
".",
"Please",
"visit",
"www.x-changecorp.com",
"for",
"further",
"information",
".",
"FORWARD",
"-",
"LOOKING",
"STATEMENTS",
"Except",
"for",
"historical",
"information",
"contained",
"herein",
",",
"the",
"statements",
"made",
"in",
"this",
"release",
"constitute",
"forward",
"-",
"looking",
"statements",
"(",
"including",
"within",
"the",
"meaning",
"of",
"Section",
"27A",
"of",
"the",
"United",
"States",
"Securities",
"Act",
"of",
"1933",
"and",
"Section",
"21E",
"of",
"the",
"United",
"States",
"Securities",
"Exchange",
"Act",
"of",
"1934",
")",
".",
"Such",
"forward",
"-",
"looking",
"statements",
"are",
"based",
"on",
"current",
"expectations",
"that",
"are",
"subject",
"to",
"significant",
"risks",
"and",
"uncertainties",
"that",
"are",
"difficult",
"to",
"predict",
",",
"including",
"statements",
"regarding",
"the",
"intent",
",",
"belief",
"or",
"current",
"expectations",
"of",
"the",
"X",
"-",
"Change",
"Corporation",
",",
"AirGATE",
"Technologies",
"and",
"their",
"respective",
"managements",
"regarding",
"strategic",
"directions",
",",
"prospects",
"and",
"future",
"results",
".",
"These",
"forward",
"-",
"looking",
"statements",
"include",
",",
"among",
"other",
"things",
",",
"statements",
"regarding",
"future",
"events",
"and",
"the",
"future",
"financial",
"performance",
"of",
"the",
"X",
"-",
"Change",
"Corporation",
"that",
"involve",
"risks",
"and",
"uncertainties",
".",
"Readers",
"are",
"cautioned",
"that",
"these",
"forward",
"-",
"looking",
"statements",
"are",
"only",
"predictions",
"and",
"may",
"differ",
"materially",
"from",
"actual",
"future",
"events",
"or",
"results",
".",
"Readers",
"are",
"referred",
"to",
"the",
"documents",
"filed",
"by",
"the",
"X",
"-",
"Change",
"Corporation",
",",
"which",
"are",
"on",
"file",
"with",
"the",
"U",
".",
"S",
".",
"Securities",
"and",
"Exchange",
"Commission",
"and",
"may",
"be",
"accessed",
"at",
"http://www.sec.gov",
"or",
"the",
"X",
"-",
"Change",
"Corporation",
"'s",
"investor",
"relations",
"web",
"page",
"at",
"http://www.x-changecorp.com/index.html",
",",
"and",
"specifically",
"the",
"most",
"recent",
"reports",
"on",
"Form",
"10",
"-",
"K",
"and",
"10",
"-",
"Q",
",",
"each",
"as",
"it",
"may",
"be",
"amended",
"from",
"time",
"to",
"time",
",",
"which",
"identify",
"important",
"risk",
"factors",
"that",
"could",
"cause",
"actual",
"results",
"to",
"differ",
"from",
"those",
"contained",
"in",
"the",
"forward",
"-",
"looking",
"statements",
".",
"The",
"X",
"-",
"Change",
"Corporation",
"disclaims",
"any",
"obligation",
"to",
"update",
"or",
"correct",
"any",
"forward",
"-",
"looking",
"statements",
"made",
"herein",
"due",
"to",
"the",
"occurrence",
"of",
"events",
"after",
"the",
"issuance",
"of",
"this",
"press",
"release",
".",
"For",
"further",
"information",
",",
"please",
"contact",
"Michael",
"P",
".",
"McInerney",
"972",
"-",
"747",
"-",
"1206",
".",
"SOURCE",
"X",
"-",
"Change",
"Corporation"
] | [
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"O",
"O",
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"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"B-Parties.ACQUIRED_COMPANY",
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"O",
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"O",
"O",
"O",
"O",
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"O",
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"O",
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"O",
"O",
"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"O",
"O",
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"O",
"O",
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"O",
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"O",
"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"O",
"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"O",
"O",
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"O",
"O",
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"O",
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"O",
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"O",
"O",
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"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"O",
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"O",
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"O",
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"O",
"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"O",
"O",
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"O",
"O",
"O",
"O",
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"O",
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"O",
"O",
"O",
"O",
"O",
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"O",
"O",
"O",
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"O",
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"O",
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"O",
"O",
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"O",
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"O",
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1651286-000165128617000102-ex991ansley_pressrelease | EX-99.1
12
ex991ansley_pressrelease.htm
EXHIBIT 99.1
Exhibit
EXHIBIT 99.1
18100 Von Karman Avenue
Suite 500
Irvine, CA 92612
949.852.0700
NEWS RELEASE
Contact:
Jennifer Franklin
Phone:
949.333.1721
Email:
[email protected]
STEADFAST APARTMENT REIT III, INC. BUYS ATLANTA-AREA APARTMENT COMMUNITY FOR $43.5 MILLION
ATLANTA, Sept 6, 2017 - Steadfast Apartment REIT III, Inc. (STAR III) announced that it has acquired Ansley at Princeton Lakes, a gated 306-unit garden-style apartment-home community located in southwest Atlanta. The purchase price was approximately $43.5 million.
"We believe the Atlanta area is well-positioned for long-term success as it continues to benefit from having the tenth largest economy in the U.S. and a growing presence as a major distribution hub", said Ella Neyland, president of Steadfast Apartment REIT III, Inc. "Additionally, Ansley at Princeton Lakes provides a convenient housing option for the 63,000 employees of the nation's busiest airport".
Completed in 2009, Ansley at Princeton Lakes includes 11 two-and three-story buildings with one-, two- and three-bedroom apartment homes that average 1,000 square feet. In-place rents average $1,254 per month and the community currently is 96 percent occupied.
STAR3-PR25-0717
Ansley at Princeton Lakes residents enjoy a saltwater pool, fitness center, pet play area, luxury clubhouse and business center, theater with stadium seating, internet café, outdoor BBQ grills and a car care center. Every apartment home in the community features nine- or ten-foot ceilings, a washer/dryer or full-size connections, vinyl wood plank flooring in wet areas, walk-in closets, central air conditioning, ceiling fans and balconies or patios.
Located in Atlanta, the community is just four miles from Hartsfield-Jackson Atlanta International Airport, Georgia's largest employment center, and is also a short commute to downtown Atlanta. Employers headquartered in the area include Georgia's largest private employer, Delta Airlines, as well as Porsche North America, and Chick-fil-A.
Ansley at Princeton Lakes offers easy access to the 1.2 million-square-foot Camp Creek Marketplace, which includes Lowe's Home Improvement, BJ's Wholesale Club, Target, Publix Super Market, and many other nationally recognized retailers and restaurants.
With the acquisition of Ansley at Princeton Lakes, STAR III has invested more than $285 million with seven multifamily properties in Colorado, Georgia, Illinois and Texas, totaling 1,836 apartment homes. In the Atlanta area, STAR III also owns Reflections on Sweetwater in Lawrenceville.
About Steadfast Apartment REIT III STAR III intends to acquire a diverse portfolio of middle-market apartments and senior living facilities located throughout the United States.
STAR III is sponsored by Steadfast REIT Investments, LLC, an affiliate of Steadfast Companies, an Orange County, Calif.-based group of affiliated real estate investment and operating companies that acquire, develop and manage real estate in the U.S. and Mexico.
STAR3-PR25-0717
This release contains certain forward-looking statements. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from those expressed or implied by such forward-looking statements and you should not place undue reliance on any such statements. A number of important factors could cause actual results to differ materially from the forward-looking statements contained in this release. Such factors include those described in the Risk Factors sections of STAR III's public filings with the Securities and Exchange Commission. Forward-looking statements in this document speak only as of the date on which such statements were made, and the company undertakes no obligation to update any such statements that may become untrue because of subsequent events. Such forward-looking statements are subject to the safe harbor protection for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.
THIS PRESS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES.
###
STAR3-PR25-0717
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78890-000007889018000037-ex991dunbarclosing | EX-99.1
2
ex991dunbarclosing.htm
EXHIBIT 99.1
Exhibit
Exhibit 99.1
The Brink's Company
1801 Bayberry Court
P.O. Box 18100
Richmond, VA 23226-8100 USA
Tel. 804.289.9600
Fax 804.289.9770
Contact
Investor Relations
804.289.9709
FOR IMMEDIATE RELEASE
Brink's Completes Acquisition of Dunbar Armored
RICHMOND, Va., August 13, 2018 - The Brink's Company (NYSE:BCO), the global leader in total cash management, secure route-based logistics and payment solutions, today announced that it has completed its acquisition of Dunbar Armored, Inc., the fourth largest U.S. cash management company, for approximately $520 million in cash.
Dunbar generates annual revenue of approximately $390 million and adjusted EBITDA of approximately $43 million. The acquisition is expected to increase the company's annual non-GAAP earnings by approximately 90 cents per share within two years. Management plans to update its 2018 guidance to include expected results from the acquisition when it releases third-quarter results in October.
Brink's expects to realize approximately $40 million to $45 million in annual cost synergies related to route density, branch optimization and administrative efficiencies. The company plans to invest approximately $50 million in incremental capital expenditures over the next three years to support branch rationalization and reinvestment in Dunbar's fleet. Full integration and synergies are expected to be achieved over three years, with the majority achieved by the end of the second year.
Doug Pertz, Brink's president and chief executive officer, said: "We welcome the Dunbar employees into the Brink's family, and look forward to a rapid integration of these two great companies so that we can accelerate our efforts to drive substantial revenue and profit growth in our combined U.S. operations. We've now fully deployed the cash on our balance sheet to drive accretive returns. This acquisition also enables us to significantly reduce our tax rate, resulting in future earnings growth that should be more consistent with the strong growth we've already demonstrated in operating income".
The transaction is expected to facilitate utilization of the company's existing tax attributes and reduce its non-GAAP effective tax rate by 100 to 200 basis points in 2019. Combined with other actions, Brink's expects to reduce its non-GAAP effective tax rate by 400 to 600 basis points over the next several years. Brink's does not expect to pay U.S. federal cash taxes for at least six
years due to utilization of its existing tax attributes and the benefit of an IRC 338(h)(10) election on this transaction.
About The Brink's Company
The Brink's Company (NYSE:BCO) is the global leader in total cash management, secure route-based logistics and payment solutions including cash-in-transit, ATM services, cash management services (including vault outsourcing, money processing and intelligent safe services), and international transportation of valuables. Our customers include financial institutions, retailers, government agencies, mints, jewelers and other commercial operations. Our global network of operations in 41 countries serves customers in more than 100 countries. For more information, please visit our website at www.Brinks.com or call 804-289-9709.
About Dunbar Armored, Inc.
Dunbar Armored, Inc., provides cash management and secure logistics throughout the U.S., including cash-in-transit, ATM services, vault outsourcing, money processing and intelligent safe services. For nearly 100 years, Dunbar's mantra has been Loyalty + Protection for our range of financial, commercial and government customers. For more information, please visit our website at www.dunbarmored.com. Based in Hunt Valley, Maryland, Dunbar employs approximately 5,400 people, operates 78 branches throughout the U.S., and has approximately 1,600 armored trucks.
Forward-Looking Statements
This release contains forward-looking information. Words such as "anticipate", "assume", "estimate", "expect", "target" "project", "predict", "intend", "plan", "believe", "potential", "may", "should", "would" and similar expressions may identify forward looking information. Forward-looking information in these materials includes, but is not limited to planned investment in and synergies related to the Dunbar business and the impact of the Dunbar acquisition on future results, plans to update the Company's guidance, changes in the Company's tax rate and future tax payments.
Forward-looking information in this document is subject to known and unknown risks, uncertainties and contingencies, which are difficult to predict or quantify, and which could cause actual results, performance or achievements to differ materially from those that are anticipated. These risks, uncertainties and contingencies, many of which are beyond our control, include, but are not limited to: our ability to improve profitability and execute further cost and operational improvement and efficiencies in our core businesses; our ability to improve service levels and quality in our core businesses; market volatility and commodity price fluctuations; seasonality, pricing and other competitive industry factors; investment in information technology ("IT") and its impact on revenue and profit growth; our ability to maintain an effective IT infrastructure and safeguard confidential information; our ability to effectively develop and implement solutions for our customers; risks associated with operating in foreign countries, including changing political, labor and economic conditions, regulatory issues, currency restrictions and devaluations, restrictions on and cost of repatriating earnings and capital, impact on the Company's financial results as a result of jurisdictions determined to be highly inflationary, and restrictive government actions, including nationalization; labor issues, including negotiations with organized labor and work stoppages; the strength of the U.S. dollar relative to foreign currencies and foreign currency exchange rates; our ability to identify, evaluate and complete acquisitions and other strategic transactions and to successfully integrate acquired companies; costs related to dispositions and market exits; our ability to obtain appropriate insurance coverage, positions taken by insurers relative to claims and the financial condition of insurers; safety and security performance and loss experience; employee and environmental liabilities in connection with former coal operations, including black lung claims; the impact of the Patient Protection and Affordable Care Act on legacy liabilities and ongoing operations; funding requirements, accounting treatment, and investment performance of our pension plans, the VEBA and other employee benefits; changes to estimated liabilities and assets in actuarial assumptions; the nature of hedging relationships and counterparty risk; access to the capital and credit markets; our ability to realize deferred tax assets; the outcome of pending and future claims, litigation, and administrative proceedings; public perception of our business, reputation and brand; changes in estimates and assumptions underlying critical accounting policies; the promulgation and adoption of new accounting standards, new government regulations and interpretation of existing standards and regulations. This list of risks, uncertainties and contingencies is not intended to be exhaustive.
Additional factors that could cause our results to differ materially from those described in the forward-looking statements can be found under "Risk Factors" in Item 1A of our Annual Report on Form 10-K for the period ended December 31, 2017, and in our other public filings with the Securities and Exchange Commission.
The forward-looking information included in this document is representative only as of the date of this document and The Brink's Company undertakes no obligation to update any information contained in this document.
# # #
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"For",
"nearly",
"100",
"years",
",",
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"'s",
"mantra",
"has",
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"Loyalty",
"+",
"Protection",
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"our",
"range",
"of",
"financial",
",",
"commercial",
"and",
"government",
"customers",
".",
"For",
"more",
"information",
",",
"please",
"visit",
"our",
"website",
"at",
"www.dunbarmored.com",
".",
"Based",
"in",
"Hunt",
"Valley",
",",
"Maryland",
",",
"Dunbar",
"employs",
"approximately",
"5,400",
"people",
",",
"operates",
"78",
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"U",
".",
"S",
".",
",",
"and",
"has",
"approximately",
"1,600",
"armored",
"trucks",
".",
"Forward",
"-",
"Looking",
"Statements",
"This",
"release",
"contains",
"forward",
"-",
"looking",
"information",
".",
"Words",
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"\"",
"anticipate",
"\"",
",",
"\"",
"assume",
"\"",
",",
"\"",
"estimate",
"\"",
",",
"\"",
"expect",
"\"",
",",
"\"",
"target",
"\"",
"\"",
"project",
"\"",
",",
"\"",
"predict",
"\"",
",",
"\"",
"intend",
"\"",
",",
"\"",
"plan",
"\"",
",",
"\"",
"believe",
"\"",
",",
"\"",
"potential",
"\"",
",",
"\"",
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",",
"\"",
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"\"",
",",
"\"",
"would",
"\"",
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".",
"Forward",
"-",
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"materials",
"includes",
",",
"but",
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"limited",
"to",
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"investment",
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"synergies",
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"business",
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"impact",
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",",
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",",
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"Company",
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"tax",
"rate",
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".",
"Forward",
"-",
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"document",
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"known",
"and",
"unknown",
"risks",
",",
"uncertainties",
"and",
"contingencies",
",",
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",",
"and",
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",",
"performance",
"or",
"achievements",
"to",
"differ",
"materially",
"from",
"those",
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"anticipated",
".",
"These",
"risks",
",",
"uncertainties",
"and",
"contingencies",
",",
"many",
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"which",
"are",
"beyond",
"our",
"control",
",",
"include",
",",
"but",
"are",
"not",
"limited",
"to",
":",
"our",
"ability",
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"improve",
"profitability",
"and",
"execute",
"further",
"cost",
"and",
"operational",
"improvement",
"and",
"efficiencies",
"in",
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"core",
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";",
"our",
"ability",
"to",
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"levels",
"and",
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";",
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"volatility",
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"commodity",
"price",
"fluctuations",
";",
"seasonality",
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"pricing",
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"investment",
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"technology",
"(",
"\"",
"IT",
"\"",
")",
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";",
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"infrastructure",
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";",
"our",
"ability",
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"develop",
"and",
"implement",
"solutions",
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";",
"risks",
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"operating",
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"foreign",
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",",
"including",
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",",
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",",
"regulatory",
"issues",
",",
"currency",
"restrictions",
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"devaluations",
",",
"restrictions",
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",",
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"determined",
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",",
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",",
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",",
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"S",
".",
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"currencies",
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"foreign",
"currency",
"exchange",
"rates",
";",
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"ability",
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",",
"evaluate",
"and",
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"acquisitions",
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";",
"costs",
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",",
"positions",
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"safety",
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"experience",
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"employee",
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"coal",
"operations",
",",
"including",
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"lung",
"claims",
";",
"the",
"impact",
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"the",
"Patient",
"Protection",
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"Care",
"Act",
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",",
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",",
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"VEBA",
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"changes",
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"in",
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"assumptions",
";",
"the",
"nature",
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"hedging",
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"counterparty",
"risk",
";",
"access",
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"the",
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"and",
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"markets",
";",
"our",
"ability",
"to",
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"deferred",
"tax",
"assets",
";",
"the",
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"future",
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",",
"litigation",
",",
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";",
"public",
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",",
"reputation",
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"brand",
";",
"changes",
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"estimates",
"and",
"assumptions",
"underlying",
"critical",
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";",
"the",
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",",
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"regulations",
"and",
"interpretation",
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".",
"This",
"list",
"of",
"risks",
",",
"uncertainties",
"and",
"contingencies",
"is",
"not",
"intended",
"to",
"be",
"exhaustive",
".",
"Additional",
"factors",
"that",
"could",
"cause",
"our",
"results",
"to",
"differ",
"materially",
"from",
"those",
"described",
"in",
"the",
"forward",
"-",
"looking",
"statements",
"can",
"be",
"found",
"under",
"\"",
"Risk",
"Factors",
"\"",
"in",
"Item",
"1A",
"of",
"our",
"Annual",
"Report",
"on",
"Form",
"10",
"-",
"K",
"for",
"the",
"period",
"ended",
"December",
"31",
",",
"2017",
",",
"and",
"in",
"our",
"other",
"public",
"filings",
"with",
"the",
"Securities",
"and",
"Exchange",
"Commission",
".",
"The",
"forward",
"-",
"looking",
"information",
"included",
"in",
"this",
"document",
"is",
"representative",
"only",
"as",
"of",
"the",
"date",
"of",
"this",
"document",
"and",
"The",
"Brink",
"'",
"s",
"Company",
"undertakes",
"no",
"obligation",
"to",
"update",
"any",
"information",
"contained",
"in",
"this",
"document",
".",
"#",
"#",
"#"
] | [
"O",
"O",
"O",
"O",
"O",
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] |
837173-000127528705000670-wi2110ex993 | EX-99.3
4
wi2110ex993.txt
Exhibit 99.3
Walter Industries Announces First-Quarter and Full-Year 2005 Earnings
Expectations
TAMPA, Fla., Feb. 22 /PRNewswire-FirstCall/ -- Walter Industries, Inc. (NYSE:
WLT) today announced first-quarter and full-year 2005 earnings expectations.
Based on current business forecasts and anticipated market conditions, the
Company expects to generate full-year 2005 earnings in the range of $2.20 to
$2.80 per diluted share. Expectations for first-quarter earnings are in the
range of $0.25 to $0.33 per diluted share. These expectation ranges reflect the
adoption of Emerging Issues Task Force Issue No. 04-8 ("EITF 04- 8") in December
2004, which requires that the dilutive effect of the Company's $175 million
contingent convertible senior subordinated notes be included in calculating
diluted earnings per share using the "if converted" method.
The range of full-year expectations reflects sensitivity in the coal business
related to potential production and transportation issues, and the ability to
achieve significant, attractively priced spot sales of metallurgical coal. Also,
U.S. Pipe's margins are heavily impacted by scrap raw material costs, which have
been volatile and difficult to predict.
Key factors driving the Company's earnings expectations:
* Significantly higher metallurgical coal pricing, especially in the third and
fourth quarters of 2005, as well as higher coke and ductile iron pipe prices,
are expected to drive increases in revenues and operating income at Jim Walter
Resources, Sloss and U.S. Pipe, respectively.
* Jim Walter Resources is expecting seven longwall moves to occur throughout the
year, including three moves in the first quarter, which will impact production
volume and temporarily increase extraction costs per ton. Also, less than
optimal geologic conditions within Mine No. 5 could negatively impact production
and operating results as its remaining coal reserves have become more costly and
difficult to extract.
* Financing is expected to continue its solid operating performance in 2005,
however, a lower overall mortgage portfolio balance and slowing prepayment
income is expected to negatively impact operating income.
* Unit completions and margins at Homebuilding are expected to improve during
2005. However, given the long cycle times in the business, a profitable run rate
is not anticipated until the latter part of 2005.
* First-quarter expectations reflect seasonality in volumes, primarily at U.S.
Pipe and Homebuilding.
Earnings Announcement and Conference Call Webcast
Walter Industries Chairman and CEO Don DeFosset and members of the Company's
leadership team will discuss fourth-quarter and full-year 2004 results, the
outlook for 2005 and other general business matters on a conference call and
live Webcast to be held on Wednesday, February 23, 2005, at 10:00 a.m. Eastern
time. To listen to the event live or in archive, visit the Company Web site at
http://www.walterind.com.
Walter Industries, Inc. is a diversified company with annual revenues of $1.5
billion. The Company is a leader in affordable homebuilding, related financing,
and water transmission products, and is a significant producer of high-quality
metallurgical coal for worldwide markets. Based in Tampa, Florida, the Company
employs approximately 5,000 people. For more information about Walter
Industries, please call Joe Troy, Senior Vice President-Financial Services at
(813) 871-4404, or visit the Company Web site at http://www.walterind.com.
Safe Harbor Statement
Except for historical information contained herein, the statements in this
release are forward-looking and made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. Forward-looking statements
involve known and unknown risks and uncertainties that may cause the Company's
actual results in future periods to differ materially from forecasted results.
Those risks include, among others, changes in customers' demand for the
Company's products, changes in raw material, labor, equipment and transportation
costs and availability, geologic and weather conditions, changes in extraction
costs and pricing in the Company's mining operations, changes in customer
orders, pricing actions by the Company's competitors, the collection of
approximately $14 million of receivables associated with a working capital
adjustment arising from the sale of a subsidiary in 2003, potential changes in
the mortgage-backed capital market, and general changes in economic conditions.
Risks associated with forward-looking statements are more fully described in the
Company's filings with the Securities and Exchange Commission. The Company
assumes no duty to update its outlook statements as of any future date.
SOURCE Walter Industries, Inc.
-0- 02/22/2005
/CONTACT: Joe Troy, Senior Vice President-Financial Services, Walter
Industries, Inc., +1-813-871-4404/
/Photo: http://www.newscom.com/cgi-bin/prnh/20020429/FLM010LOGO-c
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, [email protected] /
/Web site: http://www.walterind.com /
| [
"EX",
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"Based",
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".",
"For",
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",",
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"call",
"Joe",
"Troy",
",",
"Senior",
"Vice",
"President",
"-",
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"Services",
"at",
"(",
"813",
")",
"871",
"-",
"4404",
",",
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"Company",
"Web",
"site",
"at",
"http://www.walterind.com",
".",
"Safe",
"Harbor",
"Statement",
"Except",
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"information",
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",",
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".",
"Those",
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1410384-000141038415000101-exhibit991pressrelease-cen | EX-99.1
4
exhibit991pressrelease-cen.htm
EXHIBIT 99.1
EXHIBIT 99.1 Press Release - Centrix Acquisition
EXHIBIT 99.1
Q2 Holdings, Inc. acquires Centrix Solutions, Inc.
Union accelerates development
of risk management, treasury and compliance offerings
for community financial institutions
AUSTIN, TX (July 31, 2015) - Q2 Holdings, Inc. (NYSE: QTWO), a provider of secure, cloud-based virtual banking solutions, today announced the acquisition of Lincoln, Nebraska-based Centrix Solutions, Inc., a privately-held company that provides financial institutions with products that detect fraud, manage risk and simplify compliance. The acquisition furthers Q2's commitment to accelerating the development and adoption of innovative secure banking platform solutions for community financial institutions across the country.
Effective today, Centrix Solutions, Inc. will now be branded as Centrix Solutions, a Q2 company. Centrix's co-founder and president Tim Schnell will continue to run the business and report directly to Q2's CEO Matt Flake.
"Centrix Solutions is known for first-class offerings and highly-impressive customer service. We plan to further that reputation by investing in and growing Centrix. Their vision, culture and commitment to community financial institutions matches the vision and standards we have at Q2", said Matt Flake, president and CEO of Q2. "Our companies have been working together since 2007. Now we have the ability to advance our product offerings together and ensure that our community financial institutions are always getting the very best when it comes to managing risk and mitigating fraud".
The acquisition of Centrix provides Q2 with the ability to deliver additional expertise and solutions that strengthen Q2's security, compliance and risk management capabilities and offerings. Centrix and Q2 have partnered together for years with many mutual clients, making today's acquisition a natural extension of that relationship. Centrix's product offerings are complementary to the Q2 platform and vice versa, which will continue to allow for smart cross-marketing to credit union and community banks alike. Centrix has a loyal following with several of the leading digital banking and core processing vendors in Q2's market and is serving over 316 credit union and community bank clients across the country.
"It's an exciting day for us here at Centrix. When it comes to virtual banking, no brand is more respected than Q2 among community financial institutions. Being a part of Q2 bolsters not only our resources but our infrastructure, empowering us to advance our business while continuing to serve our clients at the rate and with the quality we are known for", said Tim Schnell, co-founder and president of Centrix. "It's a smart union in that we are able to tap into the robust infrastructure Q2 has established, allowing us to focus on our mission of delivering innovative products and services to the vast number of community financial institutions both companies are committed to serving".
Q2 plans to support Centrix in conducting business in the manner that has made them a trusted brand while providing them with the infrastructure and technology support to advance product offerings across the three areas in which Centrix is so respected, including treasury management, compliance and risk management and bank operations solutions.
Acquisition Terms:
Q2 acquired all of the outstanding capital stock of Centrix in exchange for $20 million cash payable at closing, subject to a customary working capital adjustment. The former shareholders of Centrix also have the right to receive in the aggregate up to an additional $9 million based upon the achievement of certain milestones and the continued employment of certain shareholders.
The transaction will be discussed in more detail on the second quarter 2015 results conference call scheduled for August 6th.
About Centrix Solutions, Inc.:
Centrix Solutions, located in Lincoln, Nebraska, provides financial institutions with products and services to help detect fraud, manage risk and optimize efficiency. With a product line that encompasses treasury management, compliance and risk management and bank operations, Centrix provides clients with a broad array of strategic technology solutions. More information can be found at www.centrixsolutions.com.
About Q2 Holdings, Inc.:
Q2 is a leading provider of secure, cloud-based virtual banking solutions headquartered in Austin, Texas. Q2 enables regional and community financial institutions, or RCFIs, to deliver a robust suite of integrated virtual banking services and engage more effectively with their retail and commercial account holders who expect to bank anytime, anywhere and on any device. Q2 solutions are often the most frequent point of interaction between its RCFI customers and their account holders. As such, Q2 purpose-built its solutions to deliver a compelling, consistent user experience across digital channels and drive the success of its customers by extending their local brands, enabling improved account holder retention and creating incremental sales opportunities.
Forward-looking Statements:
This press release contains forward-looking statements, including statements about the ability of Centrix's products to integrate with Q2's solutions to successfully provide treasury management, compliance and risk management and bank operating solutions; the ability of Q2 to advance its product offerings together with Centrix; and the ability to cross-market Q2 and Centrix's products. The forward-looking statements contained in this press release are based upon Q2's current plans, estimates and expectations and are not a representation that such plans, estimates or expectations will be achieved. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the following: (a) risks related our ability to successfully integrate Centrix and its technology and personnel; (b) risks related to the execution of our plans, strategies and forecasts, including with respect to our security, compliance, and risk management capabilities and offerings; (c) risk related to the demand for these offerings; (d) risks related to our expectations with respect to the business of Centrix after completion of the transaction and our ability to realize additional opportunities for growth and innovation; and (e) other risks and potential factors that could affect our business and financial results identified in Q2's filings with the Securities and Exchange Commission. These filings are available on the SEC Filings section of the Investor Relations section of Q2's website at http://investors.q2ebanking.com/. These forward-looking statements represent Q2's expectations as of the date of this press release. Subsequent events may cause these expectations to change, and Q2 disclaims any obligations to update or alter these forward-looking statements in the future, whether as a result of new information, future events or otherwise.
MEDIA CONTACT:
INVESTOR CONTACT:
Kathleen Lucente
Bob Gujavarty
Red Fan Communications
Q2 Holdings, Inc.
O: (512) 551-9253 / C: (512) 217-6352
O: (512) 439-3447
[email protected]
[email protected]
###
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"Centrix",
".",
"Their",
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",",
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"community",
"financial",
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"matches",
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"\"",
",",
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",",
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"\"",
"Our",
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".",
"Now",
"we",
"have",
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"best",
"when",
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"managing",
"risk",
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"mitigating",
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"\"",
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"The",
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"Q2",
"with",
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"deliver",
"additional",
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",",
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"Centrix",
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",",
"making",
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"complementary",
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"Q2",
"platform",
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"vice",
"versa",
",",
"which",
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"allow",
"for",
"smart",
"cross",
"-",
"marketing",
"to",
"credit",
"union",
"and",
"community",
"banks",
"alike",
".",
"Centrix",
"has",
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"loyal",
"following",
"with",
"several",
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"the",
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"banking",
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"processing",
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"market",
"and",
"is",
"serving",
"over",
"316",
"credit",
"union",
"and",
"community",
"bank",
"clients",
"across",
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".",
"\"",
"It",
"'",
"s",
"an",
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"day",
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"here",
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"Centrix",
".",
"When",
"it",
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"virtual",
"banking",
",",
"no",
"brand",
"is",
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"respected",
"than",
"Q2",
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"financial",
"institutions",
".",
"Being",
"a",
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"Q2",
"bolsters",
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"our",
"resources",
"but",
"our",
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",",
"empowering",
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"our",
"clients",
"at",
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"and",
"with",
"the",
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"are",
"known",
"for",
"\"",
",",
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"Tim",
"Schnell",
",",
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"-",
"founder",
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"president",
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".",
"\"",
"It",
"'",
"s",
"a",
"smart",
"union",
"in",
"that",
"we",
"are",
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",",
"allowing",
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"delivering",
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"services",
"to",
"the",
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"of",
"community",
"financial",
"institutions",
"both",
"companies",
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"serving",
"\"",
".",
"Q2",
"plans",
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"in",
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"in",
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"providing",
"them",
"with",
"the",
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"technology",
"support",
"to",
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"product",
"offerings",
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",",
"including",
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",",
"compliance",
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"risk",
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"and",
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"operations",
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".",
"Acquisition",
"Terms",
":",
"Q2",
"acquired",
"all",
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"outstanding",
"capital",
"stock",
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"in",
"exchange",
"for",
"$",
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"cash",
"payable",
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"closing",
",",
"subject",
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".",
"The",
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"also",
"have",
"the",
"right",
"to",
"receive",
"in",
"the",
"aggregate",
"up",
"to",
"an",
"additional",
"$",
"9 million",
"based",
"upon",
"the",
"achievement",
"of",
"certain",
"milestones",
"and",
"the",
"continued",
"employment",
"of",
"certain",
"shareholders",
".",
"The",
"transaction",
"will",
"be",
"discussed",
"in",
"more",
"detail",
"on",
"the",
"second",
"quarter",
"2015",
"results",
"conference",
"call",
"scheduled",
"for",
"August",
"6",
"th",
".",
"About",
"Centrix",
"Solutions",
",",
"Inc",
".",
":",
"Centrix",
"Solutions",
",",
"located",
"in",
"Lincoln",
",",
"Nebraska",
",",
"provides",
"financial",
"institutions",
"with",
"products",
"and",
"services",
"to",
"help",
"detect",
"fraud",
",",
"manage",
"risk",
"and",
"optimize",
"efficiency",
".",
"With",
"a",
"product",
"line",
"that",
"encompasses",
"treasury",
"management",
",",
"compliance",
"and",
"risk",
"management",
"and",
"bank",
"operations",
",",
"Centrix",
"provides",
"clients",
"with",
"a",
"broad",
"array",
"of",
"strategic",
"technology",
"solutions",
".",
"More",
"information",
"can",
"be",
"found",
"at",
"www.centrixsolutions.com",
".",
"About",
"Q2",
"Holdings",
",",
"Inc",
".",
":",
"Q2",
"is",
"a",
"leading",
"provider",
"of",
"secure",
",",
"cloud",
"-",
"based",
"virtual",
"banking",
"solutions",
"headquartered",
"in",
"Austin",
",",
"Texas",
".",
"Q2",
"enables",
"regional",
"and",
"community",
"financial",
"institutions",
",",
"or",
"RCFIs",
",",
"to",
"deliver",
"a",
"robust",
"suite",
"of",
"integrated",
"virtual",
"banking",
"services",
"and",
"engage",
"more",
"effectively",
"with",
"their",
"retail",
"and",
"commercial",
"account",
"holders",
"who",
"expect",
"to",
"bank",
"anytime",
",",
"anywhere",
"and",
"on",
"any",
"device",
".",
"Q2",
"solutions",
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"the",
"most",
"frequent",
"point",
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"between",
"its",
"RCFI",
"customers",
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"account",
"holders",
".",
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"such",
",",
"Q2",
"purpose",
"-",
"built",
"its",
"solutions",
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"deliver",
"a",
"compelling",
",",
"consistent",
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",",
"enabling",
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".",
"Forward",
"-",
"looking",
"Statements",
":",
"This",
"press",
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"contains",
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"-",
"looking",
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",",
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",",
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".",
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"-",
"looking",
"statements",
"are",
"subject",
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"risks",
"and",
"uncertainties",
"that",
"could",
"cause",
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"expressed",
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"looking",
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".",
"Factors",
"that",
"could",
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"contribute",
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",",
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"(",
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"risks",
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"ability",
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";",
"(",
"b",
")",
"risks",
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";",
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"d",
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"risks",
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"expectations",
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"to",
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"Centrix",
"after",
"completion",
"of",
"the",
"transaction",
"and",
"our",
"ability",
"to",
"realize",
"additional",
"opportunities",
"for",
"growth",
"and",
"innovation",
";",
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"(",
"e",
")",
"other",
"risks",
"and",
"potential",
"factors",
"that",
"could",
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"our",
"business",
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"financial",
"results",
"identified",
"in",
"Q2",
"'s",
"filings",
"with",
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"Securities",
"and",
"Exchange",
"Commission",
".",
"These",
"filings",
"are",
"available",
"on",
"the",
"SEC",
"Filings",
"section",
"of",
"the",
"Investor",
"Relations",
"section",
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"'s",
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"at",
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"These",
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"-",
"looking",
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"represent",
"Q2",
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"the",
"date",
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".",
"Subsequent",
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"these",
"expectations",
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",",
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"whether",
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"information",
",",
"future",
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"otherwise",
".",
"MEDIA",
"CONTACT",
":",
"INVESTOR",
"CONTACT",
":",
"Kathleen",
"Lucente",
"Bob",
"Gujavarty",
"Red",
"Fan",
"Communications",
"Q2",
"Holdings",
",",
"Inc",
".",
"O",
":",
"(",
"512",
")",
"551",
"-",
"9253",
"/",
"C",
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"(",
"512",
")",
"217",
"-",
"6352",
"O",
":",
"(",
"512",
")",
"439",
"-",
"3447",
"[email protected]",
"[email protected]",
"#",
"#",
"#"
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"O",
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1278384-000127838407000008-exhibit_99-1 | EX-99
6
exhibit_99-1.htm
EXHIBIT 99.1
Exhibit 99.1
Exhibit 99.1
10172 Linn Station Road
Louisville, Kentucky 40223
(502) 426-4800
Contact: Gregory A. Wells, Executive Vice President and CFO
Date: February 13, 2007
FOR IMMEDIATE RELEASE
NTS Realty Holdings Limited Partnership Announces the Sale of Springs
Medical Office Center and Springs Office Center in Louisville, Kentucky
Louisville, KY (February 13, 2007)
(AMEX: NLP) -
NTS Realty Holdings Limited Partnership (the "Company")
announced today that, after the close of business yesterday, it completed the sale of
Springs Medical Office Center and Springs Office Center, two of its office buildings
located in Louisville, Kentucky, to MRI Springs Portfolio, LLC, an unaffiliated Delaware
limited liability company. The Company received $28.9 million in connection with the sale.
A spokesperson for the Company indicated that the Company intends to use the proceeds from
the sale to repay a portion of its debt with National City Bank and to purchase properties
in a manner that would qualify as a Section 1031 exchange under the Internal Revenue Code.
About NTS Realty
Holdings Limited Partnership
The Company currently owns
twenty-seven properties, comprised of nine multifamily properties, fourteen office
buildings and business centers, three retail properties and one ground lease. The
properties are located in and around Louisville and Lexington, Kentucky, Nashville,
Tennessee, Richmond, Virginia, Fort Lauderdale, Florida, Indianapolis, Indiana and
Atlanta, Georgia. The Company's limited partnership units are listed on the American
Stock Exchange under the trading symbol "NLP".
Safe Harbor Under the
Private Securities Litigation Reform Act of 1995
This press release contains forward
looking statements that can be identified by the use of words like "believe,"
"expect", "may", "could", "intend,"
"project", "estimate", or "anticipate." These forward
looking statements, implicitly or explicitly, include assumptions underlying the
statements and other information with respect to the Company's beliefs, plans,
objectives, goals, expectations, estimates, intentions, financial condition, results of
operations, future performance and business, including its expectation of, and estimates
with respect to, revenues, expenses, earnings, return of and on equity, return on assets,
asset quality and other financial data and performance ratios. Although the Company
believes that the expectations reflected in its forward looking statements are reasonable,
these statements involve risks and uncertainties which are subject to change based on
various important factors, some of which are beyond the Company's control.
- more -
Important factors that would cause
actual results to differ materially from expectations are disclosed under "Risk
Factors" and elsewhere in the Company's most recent annual report on Form 10-K,
which was filed on April 3, 2006, and registration statement on Form S-4, which became
effective on October 27, 2004.
If one or more of the factors
affecting forward looking information and statements proves incorrect, the Company's
actual results of operations, financial condition or prospects could differ materially
from those expressed in, or implied by, the forward looking information and statements
contained in this press release.
- ### -
| [
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90498-000117184314004154-newsrelease | EX-99
2
newsrelease.htm
PRESS RELEASE
Simmons First Completes Acquisition of Delta Trust
EXHIBIT 99.1
Simmons First Completes Acquisition of Delta Trust
PINE BLUFF, Ark., Sept. 2, 2014 (GLOBE NEWSWIRE) -- Simmons First National Corporation (Nasdaq:SFNC) announced today the completion of the Delta Trust & Banking Corporation acquisition. The adoption of the merger agreement by the companies was previously announced in March, 2014.
The Delta Trust shareholders overwhelmingly approved the merger at a special shareholders meeting held on August 29, 2014, and the transaction was completed on August 31, 2014.
Delta Trust & Bank will temporarily remain a separate bank and continue its banking operations as a subsidiary of SFNC until the systems conversion into Simmons Bank, which is scheduled for completion Monday, October 27, 2014. The acquisition will further expand Simmons Bank's presence in south, central and northwest Arkansas and allows Simmons Bank the opportunity to provide services that have not previously been offered with the addition of Delta Trust's insurance agency and securities brokerage service. The combined institution will continue to provide customers with innovative products and services while delivering exceptional customer service. The branch network will remain separate until after systems conversion. Until that time, customers will continue to transact their business as they have always done using their respective branch networks.
"We are excited about the blending of our 110 year history with the 104 year history of Delta Trust, allowing us to enhance the customer experience throughout the markets we serve", George A. Makris, Jr., Chairman and CEO of Simmons First National Corporation said. "This merger is another positive step for our organization and we are confident that it brings additional long-term benefits to our customers, associates, shareholders and the communities we serve".
Simmons First National Corporation is an Arkansas based financial holding company with total assets of $4.8 billion and conducting financial operations throughout Arkansas, Kansas and Missouri. The Company's common stock trades on the NASDAQ Global Select Market under the symbol "SFNC".
CONTACT: DAVID W. GARNER
Executive Vice President and Investor Relations Officer
Simmons First National Corporation
(870) 541-1000
Ticker symbol: SFNC
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869986-000143774915009726-ex99-1 | EX-99.1
4
ex99-1.htm
EXHIBIT 99.1
ex99-1.htm
Exhibit 99.1
News ReleaseLuna Innovations Incorporated1 Riverside Circle, Suite 400Roanoke, VA 24016
Contact:
Dale Messick
Luna Innovations Incorporated
Phone: 1.540.769.8400
Email: [email protected]
Luna and API
Complete Merger
Combined company has a strengthened position in optical technology
ROANOKE, V
A
, (
May 8
,
2015
)
-
Luna Innovations Incorporated (NASDAQ: LUNA), which develops and manufactures fiber optic sensing and test & measurement products for the telecommunications, aerospace, automotive, energy, and defense markets, and Advanced Photonix, Inc. (API), a leading supplier of optoelectronic sensors, devices, and instrumentation for the telecommunications, defense, medical and industrial markets, today announced that they have closed their merger. In an annual meeting earlier today, Luna's stockholders approved the issuance of 0.31782 shares of Luna common stock to API stockholders for each share of API common stock they own. API's stockholders approved the merger in a separate special meeting.
About Luna
Luna Innovations Incorporated (www.lunainc.com) is a public company composed of scientists, engineers, and business professionals developing and manufacturing a new generation of technologies and products. It has been successful in taking innovative technologies from applied research to product development and ultimately to the commercial market, driving breakthroughs in fields such as aerospace, automotive, telecommunications, healthcare, energy, and defense.
About API
Advanced Photonix, Inc.
®
is a leading supplier of optoelectronic sensors, devices and instruments used by Test and Measurement, Process Control, Medical, Telecommunication and Homeland Security markets. API has three product lines: High-Speed Optical Receiver (HSOR) products are used by the telecommunication market in both telecommunication equipment and in test and measurement equipment utilized in the manufacturing of telecommunication equipment. The Terahertz sensor product line is targeted to the Process Control (including through non destructive testing) and Security markets. API's T-Gauge
®
sensor can measure subsurface physical properties, like multi-layers thicknesses, density, moisture content, anomaly detection and some chemical features, online and in real time. Optosolutions focuses on enabling manufacturers to measure physical properties, including temperature, particular counting, color, and fluorescence for Medical, Homeland Security and Process Control applications. For more information visit www.advancedphotonix.com.
Forward Looking Statements
This release includes information that constitutes "forward-looking statements" made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995 that involve risk and uncertainties. These statements include our expectations regarding the prospects of the combined company and the companies' future growth. Management cautions the reader that these forward-looking statements are only predictions and are subject to a number of both known and unknown risks and uncertainties, and actual results, performance, and/or achievements of the companies may differ materially from the future results, performance and/or achievements expressed or implied by these forward-looking statements as a result of a number of factors. These factors include, but are not limited to: the uniqueness and advantages of Luna's or API's technology and intellectual property; potential costs savings and synergies from the merger; potential for greater profitability; potential for future commercialization of their technologies; the competitive advantage afforded by Luna's or API's technology; the potential efficacy of Luna's or API's technology; and growth potential of certain markets. Statements that describe the companies' business strategies, goals, prospects, opportunities, outlook, plans or intentions are also forward-looking statements. Uncertainties regarding technical and scientific difficulties, issues that might arise in any particular business relationship and other risks and uncertainties are set forth in the companies' periodic reports and other filings with the Securities and Exchange Commission. Such filings are available at the SEC's website at http://www.sec.gov, and at the companies' websites at http://www.lunainc.com and http://www.advancedphotonix.com. The statements made in this release are based on information available to the companies as of the date of this release and Luna and API undertake no obligation to update any of the forward-looking statements after the date of this release, except as required by law.
###
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1604738-000110465919060502-a19-21773_1ex99d1 | EX-99.1
11
a19-21773_1ex99d1.htm
EX-99.1
Exhibit 99.1
NEWS RELEASE
Contact:
Deric Eubanks
Jordan Jennings
Joe Calabrese
Chief Financial Officer
Investor Relations
Financial Relations Board
(972) 490-9600
(972) 778-9487
(212) 827-3772
ASHFORD COMPLETES COMBINATION WITH REMINGTON
DALLAS, November 6, 2019 - Ashford Inc. (NYSE American: AINC) (the "Company") today announced it has completed the previously announced combination with Remington Holdings, LP ("Remington"). The combination with Remington rapidly builds operating scale, increases the Company's earnings potential and facilitates additional growth from third-party hotel management business.
"This is a very compelling transaction for Ashford", commented Monty J. Bennett, Ashford's Chairman and Chief Executive Officer. "Adding this high-margin, low-capex, fee-for-service hotel management business to our platform immediately enhances our competitive position in the hospitality industry by adding hotel property management to our growing list of hotel-related businesses as well as expanding the breadth of services we offer to our advised REITs. With deep industry experience, we look forward to Remington further unlocking value in our platform by diversifying our earnings stream and, moving forward, expanding business to other third-party clients".
Ashford provides global asset management, investment management and related services to the real estate and hospitality sectors.
Follow Chairman and CEO Monty Bennett on Twitter at www.twitter.com/MBennettAshford or @MBennettAshford.
Ashford has created an Ashford App for the hospitality REIT investor community. The Ashford App is available for free download at Apple's App Store and the Google Play Store by searching "Ashford".
1
Safe Harbor for Forward Looking Statements
Certain statements and assumptions in this press release contain or are based upon "forward-looking" information and are being made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties. When we use the words "will likely result", "may", "can", "anticipate", "estimate", "should", "expect", "believe", "intend", or similar expressions, we intend to identify forward-looking statements. Such statements are subject to numerous assumptions and uncertainties, many of which are outside Ashford Inc.'s control.
These forward-looking statements are subject to known and unknown risks and uncertainties, which could cause actual results to differ materially from those anticipated, including, without limitation: adverse litigation or regulatory developments; general volatility of the capital markets and the market price of our common stock
and preferred stock
; changes in our business or investment strategy; availability, terms and deployment of capital; availability of qualified personnel; changes in our industry and the market in which we operate, interest rates or the local economic conditions; the degree and nature of our competition;
actual and potential conflicts of interest with Ashford Hospitality Trust, Inc., Braemar Hotels and Resorts Inc., our executive officers and our non-independent directors and other related parties; changes in governmental regulations, accounting rules, tax rates and similar matters; legislative and regulatory changes, including changes to the Internal Revenue Code of 1986, as amended, and related rules, regulations and interpretations governing the taxation of REITs; limitations imposed on our business and Ashford Hospitality Trust, Inc.'s and Braemar Hotels and Resorts Inc.'s ability to satisfy complex rules in order to qualify as a REIT for federal income tax purposes;
risks associated with the consummation of the Remington Hotel Management business combination transaction, such as the risk that the Hotel Management business will not be integrated successfully, that such integration may be more difficult, time-consuming or costly than expected or that the expected benefits of the acquisition will not be realized. These and other risk factors are more fully discussed in
Ashford Inc.'s
filings with the Securities and Exchange Commission
(SEC) including Ashford Inc.'s definitive proxy statement filed with the SEC on September 23, 2019, Ashford Inc.'s 10-Q filed with the SEC on August 8, 2019 and Ashford Inc.'s 10-K filed with the SEC on March 8, 2019
.
The forward-looking statements included in this press release are only made as of the date of this press release. Investors should not place undue reliance on these forward-looking statements. We are not obligated to publicly update or revise any forward-looking statements, whether as a result of new information, future events or circumstances, changes in expectations or otherwise.
-END-
2
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6955-000115752319002172-a52120614ex99_1 | EX-99.1
2
a52120614ex99_1.htm
EXHIBIT 99.1
Exhibit 99.1
Enerpac Tool Group Becomes Premier Pure Play Industrial Tools and Services Company
Completes Sale of EC&S Segment to One Rock Capital Partners
MILWAUKEE--(BUSINESS WIRE)--October 31, 2019--Enerpac Tool Group (NYSE: EPAC) announced today that the Company is now a premier pure play industrial tools & services company following the completed sale of the Engineered Components &
Systems ("EC&S") segment to an affiliate of One Rock Capital Partners, LLC ("One Rock").
Enerpac Tool Group is a global leader in high pressure hydraulic tools, controlled force products and solutions for precise positioning of heavy loads. The Company is well-positioned for future growth and has a sustainable business model with
well-recognized brands, robust global distribution and broad reach of end markets.
Randy Baker, President and Chief Executive Officer of Enerpac Tool Group, said, "We are excited about the future of Enerpac Tool Group and pleased to deliver on our objective of transforming into a premier pure play industrial tools and
services company. Enerpac's high-quality brand and strong financial position create a solid platform to drive growth and deliver value to our shareholders. We appreciate the hard work and contributions of our EC&S colleagues and wish them
the best as they move forward under new ownership".
Baird served as Enerpac Tool Group's financial advisor on the transaction and Latham & Watkins LLP was its legal counsel.
About Enerpac Tool Group
Enerpac Tool Group is a premier industrial tools and services company serving a broad and diverse set of customers in more than 90 countries. The Company's businesses are global leaders in high pressure hydraulic tools, controlled force
products and solutions for precise positioning of heavy loads that help customers safely and reliably tackle some of the most challenging jobs around the world. The Company was founded in 1910 and is headquartered in Menomonee Falls, Wisconsin.
Enerpac Tool Group trades on NYSE under the symbol EPAC. Although the Company has adopted "Enerpac Tool Group" as its doing-business name, its legal name continues to be Actuant Corporation until the change is approved by its shareholders. For
further information on Enerpac Tool Group and its businesses, visit the Company's website at
www.enerpactoolgroup.com
.
About One Rock Capital Partners, LLC
One Rock makes controlling investments in companies with potential for growth and operational improvement using a rigorous approach that utilizes highly experienced Operating Partners to identify, acquire and enhance businesses in select
industries. The involvement of these Operating Partners affords One Rock the ability to conduct due diligence and consummate acquisitions and investments in all types of situations, regardless of complexity. One Rock works collaboratively with
company management and its Operating Partners to develop a comprehensive business plan focused on growing the enterprise and its profitability to enhance long-term value. For more information, visit www.onerockcapital.com.
Safe Harbor Statement
Certain of the above comments represent forward-looking statements made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995. Management cautions that these statements are based on current estimates of future
performance and are highly dependent upon a variety of factors, which could cause actual results to differ from these estimates. Among other risks and factors, Enerpac Tool Group's results are subject to general economic conditions, variation
in demand from customers, the impact of geopolitical activity on the economy, continued market acceptance of the Company's new product introductions, the successful integration of acquisitions, restructuring, operating margin risk due to
competitive pricing and operating efficiencies, supply chain risk, material and labor cost increases, tax reform, foreign currency fluctuations and interest rate risk. See Actuant Corporation's Form 10-K for the fiscal year ended August 31,
2019 filed with the Securities and Exchange Commission for further information regarding risk factors. Enerpac Tool Group disclaims any obligation to publicly update or revise any forward-looking statements as a result of new information,
future events or any other reason.
Contacts
Contacts
For Enerpac Tool Group - Investors
Barb Bolens
EVP and Chief Strategy Officer
262-293-1562
For Enerpac Tool Group - Media
Nick Lamplough / Aaron Palash
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449
For One Rock
Alex Jeffrey/Sam Fisher
Gasthalter & Co.
(212) 257-4170
| [
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906465-000117184316012035-exh_991 | EX-99.1
2
exh_991.htm
PRESS RELEASE
EdgarFiling
EXHIBIT 99.1
QCR Holdings, Inc. Announces the Closing of the Acquisition of Community State Bank of Ankeny, Iowa
MOLINE, Ill., Sept. 01, 2016 (GLOBE NEWSWIRE) -- QCR Holdings, Inc. (NASDAQ:QCRH) today announced it has completed its acquisition of Community State Bank ("CSB"), headquartered in Ankeny, Iowa, from Van Diest Investment Company. CSB is an Iowa-chartered bank that operates ten banking locations throughout the Des Moines metropolitan area. As of June 30, 2016, CSB had $571 million in assets, $433 million in loans and $481 million in deposits. In the transaction, QCR Holdings acquired 100% of the outstanding common stock of CSB for cash consideration of $80 million. The Des Moines Metropolitan Statistical Area ("MSA") is ranked 4
th
in the Top 25 MSAs in Iowa and Illinois by deposits. With a population increase of 6.5% in 2015, Ankeny, Iowa is ranked the third fastest growing city in the U.S., according to the U.S. Census Bureau. Since its formation in 1902, CSB has served its communities with exceptional customer service and comprehensive financial solutions, including banking, investments, and insurance and mortgage services.
Douglas M. Hultquist, President and Chief Executive Officer of QCR Holdings, stated, "The opportunity to team up with such a solid organization as Community State Bank is unique and we are extremely honored to welcome the clients and employees of CSB to the QCR Holdings family. This transaction provides the opportunity for QCR Holdings to expand our footprint into a rapidly growing segment of Iowa and to partner with a proven organization that has over a one-hundred year history of providing premier customer service".
"We believe CSB's strong financial performance and locally-focused, relationship banking model will add significant value to QCR Holdings. CSB will continue to operate as a separate bank charter and maintain its local focus and decision-making. One of our key strategies to drive shareholder value is to acquire strong community banks with great people and great clients, and we believe our two organizations coming together will be a powerful combination", added Todd A. Gipple, Chief Operating Officer and Chief Financial Officer of QCR Holdings.
"Partnering with a true community banking organization with the commitment to clients and employees that is found at QCR Holdings is an excellent opportunity. QCR Holdings has the size and scale that will allow CSB to continue growing and meeting the challenges of the complex banking environment we face today. Both organizations firmly believe in going the extra mile and exceeding the customer's needs with every interaction. By joining forces with QCR Holdings, our clients will get more of the same benefits CSB strives to deliver through its "Redefining Simple" principles", added Ronald M. Nagel, President and Chief Executive Officer of CSB.
Raymond James served as financial advisor to QCR Holdings on the acquisition and Barack Ferrazzano Kirschbaum & Nagelberg LLP served as legal counsel. Belin McCormick, P.C. served as legal counsel for Van Diest Investment Company.
About QCR Holdings
QCR Holdings, headquartered in Moline, Illinois, is a relationship-driven, multi-bank holding company, which serves the Quad City, Cedar Rapids, Waterloo/Cedar Falls (Cedar Valley), and Rockford communities through its wholly owned subsidiary banks. Quad City Bank & Trust Company, which is based in Bettendorf, Iowa, and commenced operations in 1994, Cedar Rapids Bank & Trust Company, which is based in Cedar Rapids, Iowa, and commenced operations in 2001, and Rockford Bank & Trust Company, which is based in Rockford, Illinois, and commenced operations in 2005, each provide full-service commercial and consumer banking and trust and wealth management services. Quad City Bank & Trust Company also provides correspondent banking services. In addition, Quad City Bank & Trust Company engages in commercial leasing through its wholly owned subsidiary, m2 Lease Funds, LLC, based in Milwaukee, Wisconsin.
About Community State Bank
Iowa-chartered CSB has been offering personal and business banking services to central Iowa customers for more than 114 years. CSB currently offers a broad range of financial products, specializing in banking, mortgage, insurance and financial solutions at each of its 10 locations in the Des Moines metropolitan area.
Special Note Concerning Forward-Looking Statements
. This document contains, and future oral and written statements of QCR Holdings and its management may contain, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the financial condition, results of operations, plans, objectives, future performance and business of QCR Holdings. Forward-looking statements, which may be based upon beliefs, expectations and assumptions of QCR Holdings' management and on information currently available to management, are generally identifiable by the use of words such as "believe", "expect", "anticipate", "predict", "suggest", "appear", "plan", "intend", "estimate", "annualize", "may", "will", "would", "could", "should" or other similar expressions. Additionally, all statements in this document, including forward-looking statements, speak only as of the date they are made, and QCR Holdings undertakes no obligation to update any statement in light of new information or future events.
A number of factors, many of which are beyond the ability of QCR Holdings to control or predict, could cause actual results to differ materially from those in its forward-looking statements. These factors include, among others, the following: (i) the strength of the local and national economy; (ii) the economic impact of any future terrorist threats and attacks, and the response of the United States to any such threats and attacks; (iii) changes in state and federal laws, regulations and governmental policies concerning QCR Holdings' general business; (iv) changes in interest rates and prepayment rates of QCR Holdings' assets; (v) increased competition in the financial services sector and the inability to attract new customers; (vi) changes in technology and the ability to develop and maintain secure and reliable electronic systems; (vii) our ability to fully integrate CSB, and to realize the anticipated benefits of such transaction; (viii) the loss of key executives or employees; (ix) changes in consumer spending; (x) unexpected outcomes of existing or new litigation involving QCR Holdings; and (xi) changes in accounting policies and practices. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. Additional information concerning QCR Holdings and its business, including additional factors that could materially affect QCR Holdings' financial results, is included in QCR Holdings' filings with the Securities and Exchange Commission.
Contact:
Todd A. Gipple
Executive Vice President
Chief Operating Officer
Chief Financial Officer
(309) 743-7745
| [
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"powerful",
"combination",
"\"",
",",
"added",
"Todd",
"A",
".",
"Gipple",
",",
"Chief",
"Operating",
"Officer",
"and",
"Chief",
"Financial",
"Officer",
"of",
"QCR",
"Holdings",
".",
"\"",
"Partnering",
"with",
"a",
"true",
"community",
"banking",
"organization",
"with",
"the",
"commitment",
"to",
"clients",
"and",
"employees",
"that",
"is",
"found",
"at",
"QCR",
"Holdings",
"is",
"an",
"excellent",
"opportunity",
".",
"QCR",
"Holdings",
"has",
"the",
"size",
"and",
"scale",
"that",
"will",
"allow",
"CSB",
"to",
"continue",
"growing",
"and",
"meeting",
"the",
"challenges",
"of",
"the",
"complex",
"banking",
"environment",
"we",
"face",
"today",
".",
"Both",
"organizations",
"firmly",
"believe",
"in",
"going",
"the",
"extra",
"mile",
"and",
"exceeding",
"the",
"customer",
"'",
"s",
"needs",
"with",
"every",
"interaction",
".",
"By",
"joining",
"forces",
"with",
"QCR",
"Holdings",
",",
"our",
"clients",
"will",
"get",
"more",
"of",
"the",
"same",
"benefits",
"CSB",
"strives",
"to",
"deliver",
"through",
"its",
"\"",
"Redefining",
"Simple",
"\"",
"principles",
"\"",
",",
"added",
"Ronald",
"M",
".",
"Nagel",
",",
"President",
"and",
"Chief",
"Executive",
"Officer",
"of",
"CSB",
".",
"Raymond",
"James",
"served",
"as",
"financial",
"advisor",
"to",
"QCR",
"Holdings",
"on",
"the",
"acquisition",
"and",
"Barack",
"Ferrazzano",
"Kirschbaum",
"&",
"Nagelberg",
"LLP",
"served",
"as",
"legal",
"counsel",
".",
"Belin",
"McCormick",
",",
"P",
".",
"C",
".",
"served",
"as",
"legal",
"counsel",
"for",
"Van",
"Diest",
"Investment",
"Company",
".",
"About",
"QCR",
"Holdings",
"QCR",
"Holdings",
",",
"headquartered",
"in",
"Moline",
",",
"Illinois",
",",
"is",
"a",
"relationship",
"-",
"driven",
",",
"multi",
"-",
"bank",
"holding",
"company",
",",
"which",
"serves",
"the",
"Quad",
"City",
",",
"Cedar",
"Rapids",
",",
"Waterloo",
"/",
"Cedar",
"Falls",
"(",
"Cedar",
"Valley",
")",
",",
"and",
"Rockford",
"communities",
"through",
"its",
"wholly",
"owned",
"subsidiary",
"banks",
".",
"Quad",
"City",
"Bank",
"&",
"Trust",
"Company",
",",
"which",
"is",
"based",
"in",
"Bettendorf",
",",
"Iowa",
",",
"and",
"commenced",
"operations",
"in",
"1994",
",",
"Cedar",
"Rapids",
"Bank",
"&",
"Trust",
"Company",
",",
"which",
"is",
"based",
"in",
"Cedar",
"Rapids",
",",
"Iowa",
",",
"and",
"commenced",
"operations",
"in",
"2001",
",",
"and",
"Rockford",
"Bank",
"&",
"Trust",
"Company",
",",
"which",
"is",
"based",
"in",
"Rockford",
",",
"Illinois",
",",
"and",
"commenced",
"operations",
"in",
"2005",
",",
"each",
"provide",
"full",
"-",
"service",
"commercial",
"and",
"consumer",
"banking",
"and",
"trust",
"and",
"wealth",
"management",
"services",
".",
"Quad",
"City",
"Bank",
"&",
"Trust",
"Company",
"also",
"provides",
"correspondent",
"banking",
"services",
".",
"In",
"addition",
",",
"Quad",
"City",
"Bank",
"&",
"Trust",
"Company",
"engages",
"in",
"commercial",
"leasing",
"through",
"its",
"wholly",
"owned",
"subsidiary",
",",
"m2",
"Lease",
"Funds",
",",
"LLC",
",",
"based",
"in",
"Milwaukee",
",",
"Wisconsin",
".",
"About",
"Community",
"State",
"Bank",
"Iowa",
"-",
"chartered",
"CSB",
"has",
"been",
"offering",
"personal",
"and",
"business",
"banking",
"services",
"to",
"central",
"Iowa",
"customers",
"for",
"more",
"than",
"114",
"years",
".",
"CSB",
"currently",
"offers",
"a",
"broad",
"range",
"of",
"financial",
"products",
",",
"specializing",
"in",
"banking",
",",
"mortgage",
",",
"insurance",
"and",
"financial",
"solutions",
"at",
"each",
"of",
"its",
"10",
"locations",
"in",
"the",
"Des",
"Moines",
"metropolitan",
"area",
".",
"Special",
"Note",
"Concerning",
"Forward",
"-",
"Looking",
"Statements",
".",
"This",
"document",
"contains",
",",
"and",
"future",
"oral",
"and",
"written",
"statements",
"of",
"QCR",
"Holdings",
"and",
"its",
"management",
"may",
"contain",
",",
"forward",
"-",
"looking",
"statements",
"within",
"the",
"meaning",
"of",
"the",
"Private",
"Securities",
"Litigation",
"Reform",
"Act",
"of",
"1995",
"with",
"respect",
"to",
"the",
"financial",
"condition",
",",
"results",
"of",
"operations",
",",
"plans",
",",
"objectives",
",",
"future",
"performance",
"and",
"business",
"of",
"QCR",
"Holdings",
".",
"Forward",
"-",
"looking",
"statements",
",",
"which",
"may",
"be",
"based",
"upon",
"beliefs",
",",
"expectations",
"and",
"assumptions",
"of",
"QCR",
"Holdings",
"'",
"management",
"and",
"on",
"information",
"currently",
"available",
"to",
"management",
",",
"are",
"generally",
"identifiable",
"by",
"the",
"use",
"of",
"words",
"such",
"as",
"\"",
"believe",
"\"",
",",
"\"",
"expect",
"\"",
",",
"\"",
"anticipate",
"\"",
",",
"\"",
"predict",
"\"",
",",
"\"",
"suggest",
"\"",
",",
"\"",
"appear",
"\"",
",",
"\"",
"plan",
"\"",
",",
"\"",
"intend",
"\"",
",",
"\"",
"estimate",
"\"",
",",
"\"",
"annualize",
"\"",
",",
"\"",
"may",
"\"",
",",
"\"",
"will",
"\"",
",",
"\"",
"would",
"\"",
",",
"\"",
"could",
"\"",
",",
"\"",
"should",
"\"",
"or",
"other",
"similar",
"expressions",
".",
"Additionally",
",",
"all",
"statements",
"in",
"this",
"document",
",",
"including",
"forward",
"-",
"looking",
"statements",
",",
"speak",
"only",
"as",
"of",
"the",
"date",
"they",
"are",
"made",
",",
"and",
"QCR",
"Holdings",
"undertakes",
"no",
"obligation",
"to",
"update",
"any",
"statement",
"in",
"light",
"of",
"new",
"information",
"or",
"future",
"events",
".",
"A",
"number",
"of",
"factors",
",",
"many",
"of",
"which",
"are",
"beyond",
"the",
"ability",
"of",
"QCR",
"Holdings",
"to",
"control",
"or",
"predict",
",",
"could",
"cause",
"actual",
"results",
"to",
"differ",
"materially",
"from",
"those",
"in",
"its",
"forward",
"-",
"looking",
"statements",
".",
"These",
"factors",
"include",
",",
"among",
"others",
",",
"the",
"following",
":",
"(",
"i",
")",
"the",
"strength",
"of",
"the",
"local",
"and",
"national",
"economy",
";",
"(",
"ii",
")",
"the",
"economic",
"impact",
"of",
"any",
"future",
"terrorist",
"threats",
"and",
"attacks",
",",
"and",
"the",
"response",
"of",
"the",
"United",
"States",
"to",
"any",
"such",
"threats",
"and",
"attacks",
";",
"(",
"iii",
")",
"changes",
"in",
"state",
"and",
"federal",
"laws",
",",
"regulations",
"and",
"governmental",
"policies",
"concerning",
"QCR",
"Holdings",
"'",
"general",
"business",
";",
"(",
"iv",
")",
"changes",
"in",
"interest",
"rates",
"and",
"prepayment",
"rates",
"of",
"QCR",
"Holdings",
"'",
"assets",
";",
"(",
"v",
")",
"increased",
"competition",
"in",
"the",
"financial",
"services",
"sector",
"and",
"the",
"inability",
"to",
"attract",
"new",
"customers",
";",
"(",
"vi",
")",
"changes",
"in",
"technology",
"and",
"the",
"ability",
"to",
"develop",
"and",
"maintain",
"secure",
"and",
"reliable",
"electronic",
"systems",
";",
"(",
"vii",
")",
"our",
"ability",
"to",
"fully",
"integrate",
"CSB",
",",
"and",
"to",
"realize",
"the",
"anticipated",
"benefits",
"of",
"such",
"transaction",
";",
"(",
"viii",
")",
"the",
"loss",
"of",
"key",
"executives",
"or",
"employees",
";",
"(",
"ix",
")",
"changes",
"in",
"consumer",
"spending",
";",
"(",
"x",
")",
"unexpected",
"outcomes",
"of",
"existing",
"or",
"new",
"litigation",
"involving",
"QCR",
"Holdings",
";",
"and",
"(",
"xi",
")",
"changes",
"in",
"accounting",
"policies",
"and",
"practices",
".",
"These",
"risks",
"and",
"uncertainties",
"should",
"be",
"considered",
"in",
"evaluating",
"forward",
"-",
"looking",
"statements",
"and",
"undue",
"reliance",
"should",
"not",
"be",
"placed",
"on",
"such",
"statements",
".",
"Additional",
"information",
"concerning",
"QCR",
"Holdings",
"and",
"its",
"business",
",",
"including",
"additional",
"factors",
"that",
"could",
"materially",
"affect",
"QCR",
"Holdings",
"'",
"financial",
"results",
",",
"is",
"included",
"in",
"QCR",
"Holdings",
"'",
"filings",
"with",
"the",
"Securities",
"and",
"Exchange",
"Commission",
".",
"Contact",
":",
"Todd",
"A",
".",
"Gipple",
"Executive",
"Vice",
"President",
"Chief",
"Operating",
"Officer",
"Chief",
"Financial",
"Officer",
"(",
"309",
")",
"743",
"-",
"7745"
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"O",
"O",
"O",
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"O",
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"O",
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"O",
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"O",
"O",
"O",
"O",
"O",
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"O",
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"O",
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"O",
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"O",
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"O",
"O",
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"O",
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"O",
"O",
"O",
"O",
"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"O",
"O",
"O",
"O",
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"O",
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"O",
"O",
"O",
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"O",
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"O",
"O",
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"O",
"O",
"O",
"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"B-Advisors.GENERIC_CONSULTING_COMPANY",
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"O",
"O",
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"O",
"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"O",
"O",
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"O",
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"O",
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"O",
"O",
"O",
"O",
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"O",
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"O",
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"O",
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"O",
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"O",
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"O",
"O",
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"O",
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"O",
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1169264-000116926413000016-pressrelease7113 | EX-99.1
2
pressrelease7113.htm
EXHIBIT
NRMACHcloseFINALdocx
FOR IMMEDIATE RELEASE
Syniverse Completes Acquisition of MACH
New capabilities will help Syniverse rapidly deliver innovative services that enhance mobile experiences
TAMPA, Fla. - July 1, 2013 - Syniverse today announced that it has completed its acquisition of MACH for approximately €550 million. The combined company now serves more than 1,500 mobile service providers, enterprises, ISPs and app providers in nearly 200 countries, offering a full suite of advanced solutions that help Syniverse's customers ensure seamless, high-quality end-user experiences in an increasingly complex mobile ecosystem.
"Unprecedented bandwidth demands alongside mounting business and technical complexities are resulting in significant challenges and opportunities for today's mobile service providers. This acquisition ensures we have the flexibility to develop advanced solutions that enable mobile service providers to deliver the anywhere, anytime, any-app experiences mobile end users have come to expect", said Jeff Gordon, President and CEO, Syniverse. "By combining our expertise and core competencies, we are now able to offer more choices to our customers around the globe, which will ultimately lead to an enhanced mobile experience for end users everywhere".
The acquisition brings to Syniverse roaming, messaging, network and fraud solutions that will simplify the complexities of today's mobile landscape, enabling all types of mobile service providers around the globe to deliver the experiences their end users demand.
Former MACH CEO Morten Brøgger has been appointed Syniverse's Chief Sales Officer, responsible for leading the company's global sales organization. Brøgger said he looks forward to propelling the combined organization to deliver unrivaled mobile innovation to its customers.
"In addition to rich experience and expertise in mobile solutions, Syniverse and MACH have shared an unwavering focus on customer satisfaction", Brøgger said. "A key component is helping our customers to deliver seamless, ubiquitous access to advanced services by interconnecting the various network types and service providers that exist today. With the acquisition complete, Syniverse is better positioned to accelerate time to market for the critical solutions required by the mobile ecosystem".
The transaction is expected to be accretive within a year. Deutsche Bank acted as sole M&A adviser, and Debevoise & Plimpton, Latham & Watkins, and Shearman & Sterling acted as legal advisers to Syniverse in connection with the transaction. Barclays, Deutsche Bank, Credit Suisse and Goldman Sachs provided debt financing for the transaction.
About Syniverse Syniverse makes mobile work for the entire mobile ecosystem, including more than 1,500 mobile service providers, enterprises, ISPs and app providers in nearly 200 countries. We deliver innovative cloud-based solutions that ensure superior end-user experiences through always-on services and real-time engagement. For more than 25 years, Syniverse has been simplifying complexity to deliver the promise of mobility - a simple, interoperable experience, anytime, anywhere. For more information, visit www.syniverse.com, find Syniverse on Facebook or follow Syniverse on Twitter.
# # #
For more information:
Bobby Eagle
Syniverse Public Relations
+1 813.637.5050
[email protected]
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723603-000115752308006726-a5753213ex99_1 | EX-99.1
5
a5753213ex99_1.htm
EXHIBIT 99.1
Exhibit 99.1
Culp
Announces Acquisition of Bodet & Horst USA Knitted Mattress Fabric
Operations
HIGH POINT, N.C.--(BUSINESS WIRE)--Culp, Inc. (NYSE: CFI) today
announced the acquisition of the knitted mattress fabrics operation of
Bodet & Horst USA, LP ("B&H"). This business will be operated by Culp
Home Fashions, the mattress fabrics division of Culp, Inc. For the past
six years, B&H has been the company's primary source of knitted mattress
fabric, a product category that has grown substantially in recent years
for Culp's mattress fabric business. Pursuant to the terms of the
purchase agreement, Culp is acquiring B&H's equipment, inventory and
certain intellectual property. Culp will continue to manage the High
Point manufacturing operation at the existing location with no
production interruption or change in the day to day operations of the
plant. The company is financing the purchase with a long term unsecured
note with one of its current lenders, with no principal payment for
three years.
Commenting on the announcement, Frank Saxon, president and chief
executive officer of Culp, Inc., stated, "We are pleased to announce the
acquisition of B&H and believe this transaction will further enhance
Culp's strong service platform for our customers. Demand for this
product line has grown significantly, as knits are increasingly being
utilized on mattresses at volume retail price points. Mattress fabrics
have been a driving force in Culp's business and accounted for 54
percent of the company's sales in the fourth quarter ended April 2008.
Additionally, we have recently completed a $5.0 million capital project
to significantly strengthen our woven mattress fabrics manufacturing
operations and provide further reactive capacity for servicing our
customers. With this weaving expansion and the completion of the B&H
acquisition, Culp Home Fashions has substantially increased its
commitment to the bedding industry. We are now positioned with a large
and modern, vertically integrated manufacturing platform in all major
product categories of the mattress fabrics industry. Our strategic focus
in mattress fabrics continues to be providing our customers with
outstanding delivery performance, quality, innovation and value".
"With this acquisition, Culp Home Fashions expects to improve upon
supply logistics from pattern inception to fabric delivery, allowing
accelerated responsiveness, stability and service for its customers,"
added Iv Culp, president of Culp Home Fashions. "We also look forward to
extending our strong working relationship with B&H, one of the leading
producers of knitted mattress fabrics, with operations in several
European countries. Going forward, we will continue to collaborate on
manufacturing projects and supply each other with products in different
parts of the world. Culp will also serve as the primary agent for B&H to
distribute sewn covers and fire protectors/socks to the North American
mattress trade. We now have the unique ability to leverage the strengths
of both companies and pursue additional growth opportunities in the
global mattress fabrics business".
Culp, Inc. is one of the world's largest marketers of mattress fabrics
for bedding and upholstery fabrics for furniture. The company's fabrics
are used principally in the production of bedding products and
residential and commercial upholstered furniture.
This release contains statements that may be deemed "forward-looking
statements" within the meaning of the federal securities laws, including
the Private Securities Litigation Reform Act of 1995 (Section 27A of
the Securities Act of 1933 and Section 27A of the Securities and
Exchange Act of 1934).
Such statements are inherently subject to
risks and uncertainties.
Further, forward-looking statements are
intended to speak only as of the date on which they are made.
Forward-looking
statements are statements that include projections, expectations or
beliefs about future events or results or otherwise are not statements
of historical fact.
Such statements are often but not always
characterized by qualifying words such as "expect", "believe,"
"estimate", "plan" and "project" and their derivatives, and include but
are not limited to statements about the company's future operations,
production levels, sales, SG&A or other expenses, margins, gross profit,
operating income, earnings or other performance measures.
Factors
that could influence the matters discussed in such statements include
the level of housing starts and sales of existing homes, consumer
confidence, trends in disposable income, and general economic conditions.
Decreases in these economic indicators could have a negative effect
on the company's business and prospects.
Likewise,
increases in interest rates, particularly home mortgage rates, and
increases in consumer debt or the general rate of inflation, could
affect the company adversely.
Changes in consumer tastes or
preferences toward products not produced or marketed by the company
could erode demand for the company's products.
Strengthening
of the U.S. dollar against other currencies could make the company's
products less competitive on the basis of price in markets outside the
United States and strengthening of currencies in Canada and China can
have a negative impact on the company's sales in the U.S. of products
produced in those countries.
Also, economic and political
instability in international areas could affect the company's operations
or sources of goods in those areas, as well as demand for the company's
products in international markets.
The company's level of success
in integrating the business operations and assets acquired from Bodet &
Horst could have an effect on operating efficiency, costs, and
ultimately on profits.
Finally, unanticipated delays or costs in
executing restructuring actions could cause the cumulative effect of
restructuring actions to fail to meet the objectives set forth by
management.
Other factors that could affect the matters discussed
in forward-looking statements are included in the company's periodic
reports filed with the Securities and Exchange Commission, including the
"Risk Factors" section in the company's most recent annual report on
Form 10-K.
CONTACT:
Culp, Inc.
Kenneth R. Bowling, Chief Financial Officer,
336-881-5630
| [
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29332-000002933213000090-ex99_1pressrelease | EX-99.1
3
ex99_1pressrelease.htm
PRESS RELEASE
ex99_1pressrelease
Exhibit 99.1
CONTACT: Jon Faulkner
Chief Financial Officer
706-876-5814
[email protected]
THE DIXIE GROUP COMPLETES ACQUISITION OF ROBERTEX
CHATTANOOGA, Tenn. (July 1, 2013) -- The Dixie Group, Inc. (NASDAQ:DXYN) today announced that it has completed the acquisition of Robertex Associates, Inc. from Bob Rothman. Dixie has retained Mr. Rothman's services under a five-year contract. In commenting on the acquisition, Daniel K. Frierson, Dixie's Chairman and CEO, stated, "The acquisition allows Dixie to further extend its leadership position in servicing the wool markets with the addition of the Robertex and Carousel product lines. Further, we look forward to continued creative development of products and processes in our wool business with the addition of Bob Rothman as a member of the Dixie team".
The Dixie Group (www.thedixiegroup.com) is a leading marketer and manufacturer of carpet and rugs to higher-end residential and commercial customers through the Fabrica International, Masland Carpets, Dixie Home, and Masland Contract brands.
Robertex Associates, Inc., known for its "Carpet Artistry in Wool", is a producer of fine wool floorcovering products under its Robertex and Carousel brands.
This document may include certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts and statements identified by words such as "look forward to", "expects", "anticipates", "intends", "plans, " "believes", or words of similar meanings. These statements are based on our current beliefs or expectations and are inherently subject to various risks and uncertainties, including those set forth under the caption "Risk Factors" in our Annual Report on Form 10-K for the year ended December 29, 2012 and other documents filed with the U.S. Securities and Exchange Commission. Actual results may differ materially from these expectations due to changes in economic, business, competitive, market and regulatory factors. We do not undertake any obligation to update any forward-looking statements contained in this document as a result of new information, future events or otherwise.
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1105472-000110465912060097-a12-18964_9ex99d1 | EX-99.1
2
a12-18964_9ex99d1.htm
EX-99.1
Exhibit 99.1
Sonus Completes Acquisition of
Network Equipment Technologies
Recommend
Tweet
in share
Combination Brings End-to-End Portfolio of Enterprise Session Border Controllers to Accelerate Deployment and Adoption of SIP Trunking and Unified Communications
For Immediate Release: August 27, 2012
Key Takeaways:
· Completion of Network Equipment Technologies (NET) Acquisition Expands Session Border Controllers (SBC) Portfolio, Opens New Channels and Adds Federal Government Installed Base
· Sonus Offers Microsoft® Lync™ Certified SBCs for Enterprise Core and Branch Locations As Well As for Service Provider Deployments
· Combined Sonus-NET Product Roadmap to be Unveiled September 5th, 2012
WESTFORD, Mass., - Sonus Networks, Inc. (Nasdaq: SONS), a global leader in SIP communications, today announced the successful completion of its acquisition of Network Equipment Technologies, Inc. (NET). Together with NET, Sonus' position as an enabler of Cloud-based Unified Communication is greatly enhanced. The acquisition of NET expands the portfolio of Session Border Controller (SBC) solutions for enterprise customers and brings proven engineering resources, broader channel capability and a broad U.S. Federal Government installed base to leverage into SIP-enabled platforms.
The combined portfolio of Sonus and NET offers enterprise customers an end-to-end SBC platform for real-time, SIP-enabled UC applications. The entire Sonus SBC portfolio has been Microsoft® Lync™ certified so companies can deploy Unified Communications solutions from the core to the edge of their network with confidence.
Integration plans for customer-facing operations and support processes will begin immediately and former NET channel partners will be designated as a Sonus Partner Assure™ Authorized Reseller with the ability to qualify as a Sonus Partner Assure Channel Partner. Sonus Partner Assure Channel Partner designates have access to the broadest portfolio of Sonus solutions and resources.
Quote:
"The completion of the acquisition of NET represents an important milestone for Sonus as it enables us to serve the enterprise market with a comprehensive portfolio of SBC solutions", said Ray Dolan, president and CEO of Sonus Networks. "The addition of NET also brings Sonus a very talented workforce across engineering, sales and services who can accelerate our ability to lead the market transition to Cloud-based Unified Communications".
Other Facts:
· On Tuesday, June 19th, 2012 Sonus announced a definitive agreement to acquire NET.
· On Wednesday, September 5th, 2012 the combined Sonus-NET product roadmap will be presented via video broadcast. Visit sonus.net for more details.
· Approximately 150 NET employees will join Sonus across three continents.
· NET's next-generation platforms for enterprises, including its flagship Unified Exchange (UX) product line, are complementary to the Sonus SBC 5200 and Sonus SBC 5100.
· The Sonus SBC 5200 is designed for high-capacity environments demanded by tier one service providers and Fortune 500 companies and supports 64,000 sessions on a single server (more than twice the capacity of a similar product from the leading SBC competitor). The Sonus SBC 5100 targets the 250 to 10,000 session market; ideal for medium to large enterprises and tier two/three service providers
· Sonus is the fastest-growing SBC vendor in the service provider market for 2011 according to research firm Infonetics ("Service Provider VoIP Equipment and Subscribers", 4Q11 report); growing almost 4x faster than the market average.
Tags/Keywords
:
Sonus, SONS, Network Equipment Technologies, NET, NWK, Microsoft Lync, session border controller, SBC, E-SBC, session initiation protocol, SIP, SIP trunking, IPsec, media transcoding, IPv6, IPv4, interworking, Sonus SBC 5100, Sonus SBC 5200, Unified Exchange, UX1000, UX2000, Survivable Branch Appliance, SBA, Unified Communications, UC, Cloud communications, VoIP, CaaS, Session Management, Sonus Partner Assure
About Sonus Networks:
Sonus helps the world's leading communications service providers and enterprises embrace the next generation of SIP-based solutions including VoIP, video and Unified Communications through secure, reliable and scalable IP networks. With customers around the globe and 15 years of experience transforming networks to IP, Sonus has enabled service providers and enterprises to capture and retain users and generate significant ROI. Sonus products include session border controllers, policy/routing
servers, subscriber feature servers and media and signaling gateways. Sonus products are supported by a global services team with experience in design, deployment and maintenance of some of the world's largest and most complex IP networks. For more information, visit www.sonus.net or call 1-855-GO-SONUS.
Important Information Regarding Forward-Looking Statements
The information in this release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, which are subject to a number of risks and uncertainties. All statements other than statements of historical facts contained in this report are forward-looking statements. Without limiting the foregoing, the words "anticipates", "believes", "could", "estimates", "expects", "intends", "may", "plans", "seeks", "projects" and other similar language, whether in the negative or affirmative, are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Examples of forward-looking statements include, but are not limited to, statements regarding the following: plans, objectives, outlook, goals, strategies, future events or performance, trends, investments, customer growth, operational performance and costs, liquidity and financial positions, competition, estimated expenditures and investments, impacts of laws, rules and regulations, revenues and earnings, performance and other statements that are other than statements of historical facts. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. They are neither statements of historical fact nor guarantees or assurances of future performance. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors, including, but not limited to, the timing of our recognition of revenues; our ability to recruit and retain key personnel; difficulties supporting our new strategic focus on channel sales; difficulties retaining and expanding our customer base; difficulties leveraging market opportunities; restructuring activities; our ability to realize benefits from acquisitions (including with respect to the acquisition of Network Equipment Technologies, Inc.); litigation; actions taken by significant stockholders; difficulties providing solutions that meet the needs of customers; market acceptance of our products and services; rapid technological and market change; our ability to protect our intellectual property rights; our ability to maintain partner, reseller, distribution and vendor support and supply relationships; higher risks in international operations and markets; the impact of increased competition; currency fluctuations; changes in the market price of our common stock; and/or failure or circumvention of our controls and procedures. Important factors that could cause actual results to differ materially from those in these forward-looking statements are discussed in Part I, Item 2 "Management's Discussion and Analysis of Financial Condition and Results of Operations", Part I, Item 3 "Quantitative and Qualitative Disclosures About Market Risk" and Part II, Item 1A "Risk Factors" in the Company's most recent Quarterly Report on Form 10-Q. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law. We therefore caution you against relying on any of these forward-looking statements, which speak only as of the date made. Sonus is a registered trademark of Sonus Networks, Inc. All other company and product names may be trademarks of the respective companies with which they are associated.
For More Information:
For Sonus:
Wendy Tullo, Corporate Communications
+1 972-301-4978
[email protected]
Patti Leahy, Investor Relations
+1 978-614-8440
[email protected]
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",",
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"Ray",
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",",
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"The",
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",",
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"-",
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"Other",
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":",
"·",
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"-",
"NET",
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".",
"·",
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".",
"For",
"more",
"information",
",",
"visit",
"www.sonus.net",
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"call",
"1",
"-",
"855",
"-",
"GO",
"-",
"SONUS",
".",
"Important",
"Information",
"Regarding",
"Forward",
"-",
"Looking",
"Statements",
"The",
"information",
"in",
"this",
"release",
"contains",
"\"",
"forward",
"-",
"looking",
"statements",
"\"",
"within",
"the",
"meaning",
"of",
"the",
"U",
".",
"S",
".",
"Private",
"Securities",
"Litigation",
"Reform",
"Act",
"of",
"1995",
",",
"which",
"are",
"subject",
"to",
"a",
"number",
"of",
"risks",
"and",
"uncertainties",
".",
"All",
"statements",
"other",
"than",
"statements",
"of",
"historical",
"facts",
"contained",
"in",
"this",
"report",
"are",
"forward",
"-",
"looking",
"statements",
".",
"Without",
"limiting",
"the",
"foregoing",
",",
"the",
"words",
"\"",
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"\"",
",",
"\"",
"believes",
"\"",
",",
"\"",
"could",
"\"",
",",
"\"",
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"\"",
",",
"\"",
"expects",
"\"",
",",
"\"",
"intends",
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",",
"\"",
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"\"",
",",
"\"",
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"\"",
",",
"\"",
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"\"",
",",
"\"",
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"\"",
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"language",
",",
"whether",
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",",
"are",
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"identify",
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"-",
"looking",
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",",
"although",
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"all",
"forward",
"-",
"looking",
"statements",
"contain",
"these",
"identifying",
"words",
".",
"Examples",
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"-",
"looking",
"statements",
"include",
",",
"but",
"are",
"not",
"limited",
"to",
",",
"statements",
"regarding",
"the",
"following",
":",
"plans",
",",
"objectives",
",",
"outlook",
",",
"goals",
",",
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",",
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"performance",
",",
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",",
"investments",
",",
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",",
"operational",
"performance",
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"costs",
",",
"liquidity",
"and",
"financial",
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"competition",
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"revenues",
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",",
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"other",
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"Forward",
"-",
"looking",
"statements",
"are",
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"current",
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"assumptions",
"regarding",
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",",
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"-",
"looking",
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"they",
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"risks",
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"changes",
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"neither",
"statements",
"of",
"historical",
"fact",
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"guarantees",
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"assurances",
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"future",
"performance",
".",
"Our",
"actual",
"results",
"could",
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"those",
"anticipated",
"in",
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"forward",
"-",
"looking",
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";",
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"(",
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"the",
"acquisition",
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"Technologies",
",",
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";",
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"actions",
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"providing",
"solutions",
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"meet",
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";",
"market",
"acceptance",
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"products",
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"services",
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"rapid",
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"our",
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"our",
"intellectual",
"property",
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",",
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",",
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";",
"the",
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";",
"changes",
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";",
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"/",
"or",
"failure",
"or",
"circumvention",
"of",
"our",
"controls",
"and",
"procedures",
".",
"Important",
"factors",
"that",
"could",
"cause",
"actual",
"results",
"to",
"differ",
"materially",
"from",
"those",
"in",
"these",
"forward",
"-",
"looking",
"statements",
"are",
"discussed",
"in",
"Part",
"I",
",",
"Item",
"2",
"\"",
"Management",
"'s",
"Discussion",
"and",
"Analysis",
"of",
"Financial",
"Condition",
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"Results",
"of",
"Operations",
"\"",
",",
"Part",
"I",
",",
"Item",
"3",
"\"",
"Quantitative",
"and",
"Qualitative",
"Disclosures",
"About",
"Market",
"Risk",
"\"",
"and",
"Part",
"II",
",",
"Item",
"1A",
"\"",
"Risk",
"Factors",
"\"",
"in",
"the",
"Company",
"'s",
"most",
"recent",
"Quarterly",
"Report",
"on",
"Form",
"10",
"-",
"Q",
".",
"We",
"undertake",
"no",
"obligation",
"to",
"publicly",
"update",
"any",
"forward",
"-",
"looking",
"statement",
",",
"whether",
"as",
"a",
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"of",
"new",
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",",
"future",
"developments",
"or",
"otherwise",
",",
"except",
"as",
"may",
"be",
"required",
"by",
"law",
".",
"We",
"therefore",
"caution",
"you",
"against",
"relying",
"on",
"any",
"of",
"these",
"forward",
"-",
"looking",
"statements",
",",
"which",
"speak",
"only",
"as",
"of",
"the",
"date",
"made",
".",
"Sonus",
"is",
"a",
"registered",
"trademark",
"of",
"Sonus",
"Networks",
",",
"Inc",
".",
"All",
"other",
"company",
"and",
"product",
"names",
"may",
"be",
"trademarks",
"of",
"the",
"respective",
"companies",
"with",
"which",
"they",
"are",
"associated",
".",
"For",
"More",
"Information",
":",
"For",
"Sonus",
":",
"Wendy",
"Tullo",
",",
"Corporate",
"Communications",
"+",
"1",
"972",
"-",
"301",
"-",
"4978",
"[email protected]",
"Patti",
"Leahy",
",",
"Investor",
"Relations",
"+",
"1",
"978",
"-",
"614",
"-",
"8440",
"[email protected]"
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1103126-000110465905035270-a05-13915_1ex99d1 | EX-99.1
2
a05-13915_1ex99d1.htm
EX-99.1
Exhibit 99.1
Contact:
Carl
D. Mautz
Chief
Financial Officer
Watson
Wyatt
(703)
258-7556
WATSON WYATT COMPLETES ACQUISITION OF WATSON WYATT
LLP
Combination Strengthens Firm's Global Leadership Position
ARLINGTON, VA, August 1, 2005 - Watson
Wyatt & Company Holdings (NYSE: WW),
a leading international human capital and financial
management consulting firm, today announced the completion of the acquisition
of assets and assumption of liabilities of European-based Watson Wyatt LLP, its
long-time alliance partner.
"Today, Watson Wyatt Worldwide takes an
important step forward in serving the global needs of our clients", said John
Haley, president and chief executive officer. "The combination opens up new
opportunities for growth across geographies and service lines and is expected
to increase our long-term profitability and stockholder value".
The
combined organization will be a global leader in human capital and financial
management consulting services, with over $1.1 billion in revenues and 32
countries worldwide.
The
company will address the impact of the acquisition on fiscal 2006 guidance in
the fourth quarter earnings release and conference call scheduled for August
16, 2005.
Forward-Looking Statements
Statements in this press release regarding projections
and expectations of future earnings, revenues, operations, business trends and
other such items are forward-looking statements. A number of risks and
uncertainties exist which could cause actual results to differ materially from
the results reflected in these forward-looking statements. Such factors include
but are not limited to our ability to integrate the business of Watson Wyatt
LLP into our own business, processes and systems, and achieve the anticipated
results; our continued ability to recruit and retain qualified associates; the
success of our marketing, client development and sales programs after the
acquisition; our ability to maintain client relationships and to attract new
clients after the acquisition; declines in demand for our services; outcomes of
litigation; the ability of the Company to obtain professional liability
insurance; a significant decrease in the demand for the consulting, actuarial
and other services we offer as a result of changing economic conditions or
other factors; actions by competitors offering human resources consulting
services, including public accounting and consulting firms, technology
consulting firms and Internet/intranet development firms; our ability to
achieve cost reductions after the acquisition; foreign currency
exchange and interest rate fluctuations; exposure to Watson Wyatt LLP
liabilities that have not been expressly assumed; general economic and business
conditions that adversely affect us or our clients after the acquisition; the
level of capital resources required for future acquisitions; regulatory,
legislative and technological developments that may affect the demand for or
costs of our services and other factors discussed under "Risk Factors" in the
Company's Annual Report on Form 10-K dated August 17, 2004, and the proxy
statement/prospectus filed
on June 23, 2005, both of which are on file with the Securities and Exchange
Commission. These statements are based on assumptions that may not come true. All
forward-looking disclosure is speculative by its nature. The Company undertakes
no obligation to update any of the forward-looking information included in this
report, whether as a result of new information, future events, changed
expectations or otherwise.
About Watson Wyatt
Watson Wyatt is a leading global human
capital and financial management consulting firm. The firm specializes in employee benefits,
human capital strategies, technology solutions, and insurance and financial
services with more than 5,800 associates in 32 countries.
2
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704532-000119312519275593-d823487dex991 | EX-99.1
7
d823487dex991.htm
EX-99.1
EX-99.1
Exhibit 99.1
Onto Innovation Merger Successfully Completed,
Combining Nanometrics and Rudolph Technologies
Wilmington, Mass
., October 28, 2019
-
Onto Innovation Inc. (NYSE: ONTO) today announced the successful completion on October 25,
2019 of the previously announced merger of equals between Nanometrics Incorporated and Rudolph Technologies, Inc. Headquartered in Wilmington, Massachusetts, Onto Innovation is expected to be the fourth largest semiconductor capital equipment
supplier by revenue in the U.S. and a top 15 semiconductor equipment company by revenue worldwide, based on Gartner's most recent semiconductor wafer fab equipment market share report, released in April 2019.
Highlights
.
Global semiconductor equipment and software technology leader with a broad portfolio of technologies for wafer
manufacturing,
front-end
process control, and advanced packaging.
.
Experienced board and management team with decades of semiconductor industry experience.
.
Completed merger of equals transaction with complementary product lines in leading edge
front-end
wafer fabs.
.
Strong balance sheet with over $300 million in cash, cash equivalents and marketable securities at closing.
Shares of Nanometrics common stock, which were traded on Nasdaq under the ticker "NANO", will begin trading today on the New
York Stock Exchange under the ticker "ONTO". Rudolph Technologies (NYSE: RTEC) shares ceased trading on the New York Stock Exchange as of market close on October 25, 2019 and have converted into 0.8042 shares of Onto Innovation common
stock for each share of Rudolph common stock.
Onto Innovation is scheduled to announce Nanometrics' and Rudolph's respective earnings results
for the 2019 third quarter on November 7, 2019 at 4:30 p.m. Eastern Time.
Board of Directors
Onto Innovation's new Board of Directors consists of 12 members with a deep understanding of Nanometrics' and Rudolph's businesses, a diverse
mix of background, skills and experience, and a track record of driving long-term shareholder value. The Onto Innovation Board members, drawn equally from Nanometrics and Rudolph, are:
.
Christopher A. Seams - Chairman, former CEO, Deca Technologies
.
Michael P. Plisinski - CEO, Onto Innovation
.
Jeffrey A. Aukerman - former Partner, Deloitte and Touche
.
Leo Berlinghieri - former CEO and President, MKS Instruments
.
Edward J. Brown - former CEO, Cymer Light Source
.
Vita Cassese - CEO, Mardon Management Advisors
.
Robert G. Deuster - former CEO, Collectors Universe
.
David B. Miller - former President, DuPont Electronics & Communications
.
Bruce C. Rhine - former CEO, Accent Optical Technologies
.
Timothy J. Stultz - former CEO and President, Nanometrics
.
Christine A. Tsingos - former EVP and CFO,
Bio-Rad
Laboratories
.
John R. Whitten - former CFO and Treasurer, Applied Industrial Technologies
Structure and Leadership
The Onto Innovation management
team will be led by Mike Plisinski, CEO, and Steve Roth, CFO. The new organization, like the Board of Directors, is a combination of Nanometrics and Rudolph executives that will manage the company's business units and corporate functions. The
center for metrology innovation will be located in Milpitas, CA, with the inspection innovation headquarters remaining in Bloomington, MN. Software and lithography innovation centers will be located in Wilmington, MA.
Mike Plisinski stated, "We believe we've created an agile technology provider with the scale, resources and capabilities to provide innovative and
rapidly fielded solutions to address our customers' critical process needs. Each member of our Board and leadership team brings decades of experience, and I look forward to working with them to achieve the anticipated cost and revenue synergies
that we expect to create significant value for our shareholders." He continued, "Onto Innovation will provide a broader scale that can support customers with greater resources. The broader reach of our product portfolio will also allow
collaboration with customers across a wider range of process challenges, delivering complementary technologies and core competencies to accelerate new innovations".
About Onto Innovation Inc.
Onto Innovation is a
leader in process control, combining global scale with an expanded portfolio of leading-edge technologies that include: 3D metrology spanning the chip from nanometer-scale transistors to micron-level
die-interconnects;
macro defect inspection of wafers and packages; metal interconnect composition; factory analytics; and lithography for advanced semiconductor packaging. Our breadth of offerings across the
entire semiconductor value chain help our customers solve their most difficult yield,
device performance, quality, and reliability issues. Onto Innovation strives to optimize customers' critical path of progress by making them smarter, faster and more
efficient. Headquartered in Wilmington, Massachusetts, Onto Innovation supports customers with a worldwide sales and service organization. Additional information can be found at
www.ontoinnovation.com
.
Forward-Looking Statements
This press release contains
"forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to risks and uncertainties and are made pursuant to the safe harbor provisions of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The words "believe", "continue", "could", "expect", "anticipate", "intends,"
"estimate", "forecast", "project", "should", "may", "will", "would" or the negative thereof and similar expressions are intended to identify such forward-looking statements. These
forward-looking statements, which are only predictions that involve known and unknown risks and uncertainties, many of which are beyond the control of Onto Innovation, include, but are not limited to, statements regarding: Onto Innovation's
expected market position; Onto Innovation's scale, resources, capabilities, technologies, product portfolio, solutions and abilities; Onto Innovation's ability to achieve anticipated cost and revenue synergies; and Onto Innovation's
ability to create value for its shareholders. Risks and uncertainties that could cause actual results to differ from these forward-looking statements include: (i) weakening of global and/or regional economic conditions, generally or
specifically in the semiconductor industry, which could decrease the demand for Onto Innovation's products and solutions; (ii) the ability of Onto Innovation to meet rapid demand shifts; (iii) the ability of Onto Innovation to
continue technological innovation and introduce new products to meet customers' rapidly changing requirements; (iv) Onto Innovation's concentrated customer base; (v) the ability of Onto Innovation to identify, effect and
integrate acquisitions, joint ventures or other transactions; (vi) the ability of Onto Innovation to protect and enforce intellectual property rights; (vii) operational, political and legal risks of Onto Innovation's international
operations; (viii) the increasing complexity of certain manufacturing processes; (ix) raw material shortages and price increases; (x) changes in government regulations of the countries in which Onto Innovation operates; (xi) the
fluctuation of currency exchange rates; (xii) fluctuations in the market price of Onto Innovation's common stock; (xiii) the ability of Onto Innovation to integrate the businesses of Rudolph and Nanometrics promptly and effectively
and to achieve the anticipated synergies and value-creation contemplated by the merger of equals transaction (the "Transaction"); (xiv) unanticipated difficulties or expenditures relating to the Transaction; (xv) the response of
business partners and retention as a result of the Transaction; (xvi) the diversion of management time in connection with the Transaction; (xvii) the effect of litigation related to the Transaction; and (xviii) other factors that may
be disclosed in Onto Innovation's filings with the Securities and Exchange Commission. Onto Innovation does not assume any obligation to update any forward-looking statements or information to reflect events or circumstances after the date of
this press release, or to reflect the
occurrence of unanticipated events, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued "forward-looking
statement" constitutes a reaffirmation of that statement.
# # #
Contacts:
Investor Relations:
Michael Sheaffer,
+1-978-253-6273
[email protected]
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"U",
".",
"S",
".",
"and",
"a",
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",",
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",",
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"Highlights",
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"technology",
"leader",
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",",
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"-",
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",",
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"Experienced",
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".",
".",
"Completed",
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"-",
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"Strong",
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"Shares",
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"\"",
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",",
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"\"",
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".",
"Rudolph",
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":",
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"8042",
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".",
"Onto",
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"'",
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"on",
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"7",
",",
"2019",
"at",
"4",
":",
"30",
"p.m.",
"Eastern Time",
".",
"Board",
"of",
"Directors",
"Onto",
"Innovation",
"'s",
"new",
"Board",
"of",
"Directors",
"consists",
"of",
"12",
"members",
"with",
"a",
"deep",
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"'",
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"Rudolph",
"'s",
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",",
"a",
"diverse",
"mix",
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"background",
",",
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"experience",
",",
"and",
"a",
"track",
"record",
"of",
"driving",
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"-",
"term",
"shareholder",
"value",
".",
"The",
"Onto",
"Innovation",
"Board",
"members",
",",
"drawn",
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"Nanometrics",
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"Rudolph",
",",
"are",
":",
".",
"Christopher",
"A",
".",
"Seams",
"-",
"Chairman",
",",
"former",
"CEO",
",",
"Deca",
"Technologies",
".",
"Michael",
"P.",
"Plisinski",
"-",
"CEO",
",",
"Onto",
"Innovation",
".",
"Jeffrey",
"A.",
"Aukerman",
"-",
"former",
"Partner",
",",
"Deloitte",
"and",
"Touche",
".",
"Leo",
"Berlinghieri",
"-",
"former",
"CEO",
"and",
"President",
",",
"MKS",
"Instruments",
".",
"Edward",
"J",
".",
"Brown",
"-",
"former",
"CEO",
",",
"Cymer",
"Light",
"Source",
".",
"Vita",
"Cassese",
"-",
"CEO",
",",
"Mardon",
"Management",
"Advisors",
".",
"Robert",
"G",
".",
"Deuster",
"-",
"former",
"CEO",
",",
"Collectors",
"Universe",
".",
"David",
"B",
".",
"Miller",
"-",
"former",
"President",
",",
"DuPont",
"Electronics",
"&",
"Communications",
".",
"Bruce",
"C",
".",
"Rhine",
"-",
"former",
"CEO",
",",
"Accent",
"Optical",
"Technologies",
".",
"Timothy",
"J",
".",
"Stultz",
"-",
"former",
"CEO",
"and",
"President",
",",
"Nanometrics",
".",
"Christine",
"A",
".",
"Tsingos",
"-",
"former",
"EVP",
"and",
"CFO",
",",
"Bio",
"-",
"Rad",
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".",
"John",
"R",
".",
"Whitten",
"-",
"former",
"CFO",
"and",
"Treasurer",
",",
"Applied",
"Industrial",
"Technologies",
"Structure",
"and",
"Leadership",
"The",
"Onto",
"Innovation",
"management",
"team",
"will",
"be",
"led",
"by",
"Mike",
"Plisinski",
",",
"CEO",
",",
"and",
"Steve",
"Roth",
",",
"CFO",
".",
"The",
"new",
"organization",
",",
"like",
"the",
"Board",
"of",
"Directors",
",",
"is",
"a",
"combination",
"of",
"Nanometrics",
"and",
"Rudolph",
"executives",
"that",
"will",
"manage",
"the",
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"'s",
"business",
"units",
"and",
"corporate",
"functions",
".",
"The",
"center",
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"innovation",
"will",
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"Milpitas",
",",
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",",
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"headquarters",
"remaining",
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"Bloomington",
",",
"MN",
".",
"Software",
"and",
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"innovation",
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"located",
"in",
"Wilmington",
",",
"MA",
".",
"Mike",
"Plisinski",
"stated",
",",
"\"",
"We",
"believe",
"we",
"'",
"ve",
"created",
"an",
"agile",
"technology",
"provider",
"with",
"the",
"scale",
",",
"resources",
"and",
"capabilities",
"to",
"provide",
"innovative",
"and",
"rapidly",
"fielded",
"solutions",
"to",
"address",
"our",
"customers",
"'",
"critical",
"process",
"needs",
".",
"Each",
"member",
"of",
"our",
"Board",
"and",
"leadership",
"team",
"brings",
"decades",
"of",
"experience",
",",
"and",
"I",
"look",
"forward",
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"working",
"with",
"them",
"to",
"achieve",
"the",
"anticipated",
"cost",
"and",
"revenue",
"synergies",
"that",
"we",
"expect",
"to",
"create",
"significant",
"value",
"for",
"our",
"shareholders",
".",
"\"",
"He",
"continued",
",",
"\"",
"Onto",
"Innovation",
"will",
"provide",
"a",
"broader",
"scale",
"that",
"can",
"support",
"customers",
"with",
"greater",
"resources",
".",
"The",
"broader",
"reach",
"of",
"our",
"product",
"portfolio",
"will",
"also",
"allow",
"collaboration",
"with",
"customers",
"across",
"a",
"wider",
"range",
"of",
"process",
"challenges",
",",
"delivering",
"complementary",
"technologies",
"and",
"core",
"competencies",
"to",
"accelerate",
"new",
"innovations",
"\"",
".",
"About",
"Onto",
"Innovation",
"Inc",
".",
"Onto",
"Innovation",
"is",
"a",
"leader",
"in",
"process",
"control",
",",
"combining",
"global",
"scale",
"with",
"an",
"expanded",
"portfolio",
"of",
"leading",
"-",
"edge",
"technologies",
"that",
"include",
":",
"3D",
"metrology",
"spanning",
"the",
"chip",
"from",
"nanometer",
"-",
"scale",
"transistors",
"to",
"micron",
"-",
"level",
"die",
"-",
"interconnects",
";",
"macro",
"defect",
"inspection",
"of",
"wafers",
"and",
"packages",
";",
"metal",
"interconnect",
"composition",
";",
"factory",
"analytics",
";",
"and",
"lithography",
"for",
"advanced",
"semiconductor",
"packaging",
".",
"Our",
"breadth",
"of",
"offerings",
"across",
"the",
"entire",
"semiconductor",
"value",
"chain",
"help",
"our",
"customers",
"solve",
"their",
"most",
"difficult",
"yield",
",",
"device",
"performance",
",",
"quality",
",",
"and",
"reliability",
"issues",
".",
"Onto",
"Innovation",
"strives",
"to",
"optimize",
"customers",
"'",
"critical",
"path",
"of",
"progress",
"by",
"making",
"them",
"smarter",
",",
"faster",
"and",
"more",
"efficient",
".",
"Headquartered",
"in",
"Wilmington",
",",
"Massachusetts",
",",
"Onto",
"Innovation",
"supports",
"customers",
"with",
"a",
"worldwide",
"sales",
"and",
"service",
"organization",
".",
"Additional",
"information",
"can",
"be",
"found",
"at",
"www.ontoinnovation.com",
".",
"Forward",
"-",
"Looking",
"Statements",
"This",
"press",
"release",
"contains",
"\"",
"forward",
"-",
"looking",
"statements",
"\"",
"within",
"the",
"meaning",
"of",
"the",
"Private",
"Securities",
"Litigation",
"Reform",
"Act",
"of",
"1995",
"that",
"are",
"subject",
"to",
"risks",
"and",
"uncertainties",
"and",
"are",
"made",
"pursuant",
"to",
"the",
"safe",
"harbor",
"provisions",
"of",
"Section",
"27A",
"of",
"the",
"Securities",
"Act",
"of",
"1933",
",",
"as",
"amended",
",",
"and",
"Section",
"21E",
"of",
"the",
"Securities",
"Exchange",
"Act",
"of",
"1934",
",",
"as",
"amended",
".",
"The",
"words",
"\"",
"believe",
"\"",
",",
"\"",
"continue",
"\"",
",",
"\"",
"could",
"\"",
",",
"\"",
"expect",
"\"",
",",
"\"",
"anticipate",
"\"",
",",
"\"",
"intends",
",",
"\"",
"\"",
"estimate",
"\"",
",",
"\"",
"forecast",
"\"",
",",
"\"",
"project",
"\"",
",",
"\"",
"should",
"\"",
",",
"\"",
"may",
"\"",
",",
"\"",
"will",
"\"",
",",
"\"",
"would",
"\"",
"or",
"the",
"negative",
"thereof",
"and",
"similar",
"expressions",
"are",
"intended",
"to",
"identify",
"such",
"forward",
"-",
"looking",
"statements",
".",
"These",
"forward",
"-",
"looking",
"statements",
",",
"which",
"are",
"only",
"predictions",
"that",
"involve",
"known",
"and",
"unknown",
"risks",
"and",
"uncertainties",
",",
"many",
"of",
"which",
"are",
"beyond",
"the",
"control",
"of",
"Onto",
"Innovation",
",",
"include",
",",
"but",
"are",
"not",
"limited",
"to",
",",
"statements",
"regarding",
":",
"Onto",
"Innovation",
"'s",
"expected",
"market",
"position",
";",
"Onto",
"Innovation",
"'s",
"scale",
",",
"resources",
",",
"capabilities",
",",
"technologies",
",",
"product",
"portfolio",
",",
"solutions",
"and",
"abilities",
";",
"Onto",
"Innovation",
"'s",
"ability",
"to",
"achieve",
"anticipated",
"cost",
"and",
"revenue",
"synergies",
";",
"and",
"Onto",
"Innovation",
"'s",
"ability",
"to",
"create",
"value",
"for",
"its",
"shareholders",
".",
"Risks",
"and",
"uncertainties",
"that",
"could",
"cause",
"actual",
"results",
"to",
"differ",
"from",
"these",
"forward",
"-",
"looking",
"statements",
"include",
":",
"(",
"i",
")",
"weakening",
"of",
"global",
"and",
"/",
"or",
"regional",
"economic",
"conditions",
",",
"generally",
"or",
"specifically",
"in",
"the",
"semiconductor",
"industry",
",",
"which",
"could",
"decrease",
"the",
"demand",
"for",
"Onto",
"Innovation",
"'s",
"products",
"and",
"solutions",
";",
"(",
"ii",
")",
"the",
"ability",
"of",
"Onto",
"Innovation",
"to",
"meet",
"rapid",
"demand",
"shifts",
";",
"(",
"iii",
")",
"the",
"ability",
"of",
"Onto",
"Innovation",
"to",
"continue",
"technological",
"innovation",
"and",
"introduce",
"new",
"products",
"to",
"meet",
"customers",
"'",
"rapidly",
"changing",
"requirements",
";",
"(",
"iv",
")",
"Onto",
"Innovation",
"'s",
"concentrated",
"customer",
"base",
";",
"(",
"v",
")",
"the",
"ability",
"of",
"Onto",
"Innovation",
"to",
"identify",
",",
"effect",
"and",
"integrate",
"acquisitions",
",",
"joint",
"ventures",
"or",
"other",
"transactions",
";",
"(",
"vi",
")",
"the",
"ability",
"of",
"Onto",
"Innovation",
"to",
"protect",
"and",
"enforce",
"intellectual",
"property",
"rights",
";",
"(",
"vii",
")",
"operational",
",",
"political",
"and",
"legal",
"risks",
"of",
"Onto",
"Innovation",
"'s",
"international",
"operations",
";",
"(",
"viii",
")",
"the",
"increasing",
"complexity",
"of",
"certain",
"manufacturing",
"processes",
";",
"(",
"ix",
")",
"raw",
"material",
"shortages",
"and",
"price",
"increases",
";",
"(",
"x",
")",
"changes",
"in",
"government",
"regulations",
"of",
"the",
"countries",
"in",
"which",
"Onto",
"Innovation",
"operates",
";",
"(",
"xi",
")",
"the",
"fluctuation",
"of",
"currency",
"exchange",
"rates",
";",
"(",
"xii",
")",
"fluctuations",
"in",
"the",
"market",
"price",
"of",
"Onto",
"Innovation",
"'s",
"common",
"stock",
";",
"(",
"xiii",
")",
"the",
"ability",
"of",
"Onto",
"Innovation",
"to",
"integrate",
"the",
"businesses",
"of",
"Rudolph",
"and",
"Nanometrics",
"promptly",
"and",
"effectively",
"and",
"to",
"achieve",
"the",
"anticipated",
"synergies",
"and",
"value",
"-",
"creation",
"contemplated",
"by",
"the",
"merger",
"of",
"equals",
"transaction",
"(",
"the",
"\"",
"Transaction",
"\"",
")",
";",
"(",
"xiv",
")",
"unanticipated",
"difficulties",
"or",
"expenditures",
"relating",
"to",
"the",
"Transaction",
";",
"(",
"xv",
")",
"the",
"response",
"of",
"business",
"partners",
"and",
"retention",
"as",
"a",
"result",
"of",
"the",
"Transaction",
";",
"(",
"xvi",
")",
"the",
"diversion",
"of",
"management",
"time",
"in",
"connection",
"with",
"the",
"Transaction",
";",
"(",
"xvii",
")",
"the",
"effect",
"of",
"litigation",
"related",
"to",
"the",
"Transaction",
";",
"and",
"(",
"xviii",
")",
"other",
"factors",
"that",
"may",
"be",
"disclosed",
"in",
"Onto",
"Innovation",
"'s",
"filings",
"with",
"the",
"Securities",
"and",
"Exchange",
"Commission",
".",
"Onto",
"Innovation",
"does",
"not",
"assume",
"any",
"obligation",
"to",
"update",
"any",
"forward",
"-",
"looking",
"statements",
"or",
"information",
"to",
"reflect",
"events",
"or",
"circumstances",
"after",
"the",
"date",
"of",
"this",
"press",
"release",
",",
"or",
"to",
"reflect",
"the",
"occurrence",
"of",
"unanticipated",
"events",
",",
"except",
"as",
"may",
"be",
"required",
"under",
"applicable",
"securities",
"laws",
".",
"Investors",
"should",
"not",
"assume",
"that",
"any",
"lack",
"of",
"update",
"to",
"a",
"previously",
"issued",
"\"",
"forward",
"-",
"looking",
"statement",
"\"",
"constitutes",
"a",
"reaffirmation",
"of",
"that",
"statement",
".",
"#",
"#",
"#",
"Contacts",
":",
"Investor",
"Relations",
":",
"Michael",
"Sheaffer",
",",
"+",
"1",
"-",
"978",
"-",
"253",
"-",
"6273",
"[email protected]"
] | [
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"B-Parties.BUYING_COMPANY",
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"O",
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"O",
"O",
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"O",
"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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1054303-000093041307005943-c49293_ex99-1 | EX-99.1
19
c49293_ex99-1.txt
Exhibit 99.1
RODMAN & RENSHAW COMPLETES REVERSE MERGER TRANSACTION
WITH ENTHRUST FINANCIAL SERVICES, INC.
SHARE EXCHANGE TRANSACTION VALUED AT $175 MILLION
NEW YORK, NY, JULY 11, 2007 - Enthrust Financial Services, Inc. (OTCBB: EFSV), a
shell corporation, today announced that it has consummated a "reverse merger"
with Rodman & Renshaw Holding, LLC, a full service investment bank. Enthrust
will continue to operate Rodman & Renshaw's current business under the
leadership of Rodman & Renshaw's executive management team. Enthrust intends to
change its name to Rodman & Renshaw Capital Group, Inc.
The transaction was consummated as a share exchange pursuant to which the
members of Rodman & Renshaw and the investors in Rodman & Renshaw's March 2007
private placement financing were issued shares of Enthrust common stock. Sandler
O'Neill & Partners, L.P acted as financial advisor to Enthrust and issued a
fairness opinion that the transaction was fair to Enthrust's stockholders.
Immediately after the exchange transaction, Enthrust will have 25 million shares
of common stock outstanding. An imputed value of $7.00 per share was used in
connection with the transaction.
"The successful completion of the exchange represents a major milestone for
Rodman & Renshaw, positioning the company for growth", said John J. Borer III,
Chief Executive Officer. "This "going-public" transaction, coupled with the $20
million private placement financing which we completed in March 2007 with a
group of strategic investors, will enable us to continue to grow our business
platform by adding new products to serve our existing clients, hire
professionals to supplement our existing staff and build new teams to focus on
sectors of the economy other than life science".
Additional information regarding the share exchange transaction is set forth in
Enthrust's Current Report on Form 8-K dated July 11, 2007, which will be filed
with the Securities and Exchange Commission.
ABOUT RODMAN & RENSHAW
Rodman & Renshaw is a full service investment bank dedicated to providing
investment banking services to companies that have significant recurring capital
needs due to their growth and development strategies, along with research and
sales and trading services to institutional investor clients that focus on such
companies. Through its ACUMENBIOFIN TM division, Rodman is a leading investment
banking firm to the biotechnology sector, a capital intensive market segment, as
well as a leader in the PIPE (private investment in public equity) and RD
(registered direct placements) transaction markets.
FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking statements." Although the forward-
looking statements in this release reflect the good faith judgment of
management, forward-looking statements are inherently subject to known and
unknown risks and uncertainties that may cause actual results to be materially
different from those discussed in these forward-looking statements. Readers are
urged to carefully review and consider the various disclosures made by us in the
our reports filed with the Securities and Exchange Commission, including the
risk factors that attempt to advise interested parties of the risks that may
affect our business, financial condition, results of operation and cash flows.
If one or more of these risks or uncertainties materialize, or if the underlying
assumptions prove incorrect, our actual results may vary materially from those
expected or projected. Readers are urged not to place undue reliance on these
forward-looking statements, which speak only as of the date of this release. We
assume no obligation to update any forward-looking statements in order to
reflect any event or circumstance that may arise after the date of this release.
CONTACT:
JOHN J. BORER III, CHIEF EXECUTIVE OFFICER
(212) 356 -0530
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31462-000155837021016420-ecl-20211201xex99d01 | EX-99.01
3
ecl-20211201xex99d01.htm
EX-99.01
Exhibit (99.1)
News Release
FOR IMMEDIATE RELEASE
Contact:
Michael Monahan (651) 250-2809
Andrew Hedberg (651) 250-2185
ECOLAB CLOSES ON PURCHASE OF PUROLITE
ST. PAUL, Minn., Dec. 1, 2021: Ecolab Inc. has closed on its previously announced acquisition of Purolite, a leading and fast-growing global provider of high-end ion exchange resins for the separation and purification of solutions for pharmaceutical and industrial applications. Headquartered in King of Prussia, PA, Purolite operates in more than 30 countries, with expected 2021 sales of approximately $0.4 billion. Total consideration was approximately $3.7 billion.
About Ecolab
A trusted partner at nearly three million commercial customer locations, Ecolab (ECL) is the global leader in water, hygiene and infection prevention solutions and services. With annual sales of $12 billion and more than 44,000 associates, Ecolab delivers comprehensive solutions, data-driven insights and personalized service to advance food safety, maintain clean and safe environments, optimize water and energy use, and improve operational efficiencies and sustainability for customers in the food, healthcare, hospitality and industrial markets in more than 170 countries around the world. www.ecolab.com
###
(ECL-A)
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1070045-000114420407056928-v091519_ex99-1 | EX-99.1
13
v091519_ex99-1.htm
Exhibit
99.1
Press
Release
Source:
International Imaging Systems, Inc.
International
Imaging Systems Completes Share Exchange to Acquire PRC Bio-Diesel and Oil
Company
Thursday
October 25, 11:52 am ET
XI'AN,
China, Oct. 25 /PRNewswire-FirstCall/ -- International Imaging Systems, Inc.
(the "Company") (OTC Bulletin Board: IIMG.OB
-
News)
today
announced that it has completed a share exchange under which it acquired 100%
of
the outstanding capital stock of Baorun China Group Limited ("Baorun China"),
a
Hong Kong company. Baorun China's wholly-owned subsidiary, Redsky Industrial
(Xi'an) Co., Ltd. ("Redsky China"), a P.R.C. company, operates its business
in
China through Xi'an Baorun Industrial Development Co., Ltd. ("Xi'an Baorun").
Xi'an Baorun, a P.R.C. company located in Xi'an, Shaanxi Province in China,
specializes in the development, exploration, production and distribution of
bio-diesel and wholesale and processing of heavy oil and finished oil products
in China. Under the terms of the share exchange, in exchange for all of their
shares of Baorun China, the Company issued the shareholders of Baorun China
approximately 94% of the Company's common stock. In connection with the
transaction, one of the directors and all of the officers of the Company prior
to the share exchange resigned; Mr. Gao Xincheng was appointed as a director,
as
Chairman and Chief Executive Officer of the Company, Ms. Li Gaihong was
appointed as Chief Financial Officer of the Company and Mr. Chen Jun was
appointed as Chief Operating Officer of the Company. Ms. Li will join as a
member of the board of directors at a later date, immediately after the
resignation of Mr. John Vogel as a member of the board of directors.
Concurrent
with the share exchange, the Company completed a private equity financing of
$10
million with 1 accredited investor. Pursuant to the financing, the Company
issued 1,000,000 shares of its Series A Convertible Preferred Stock, initially
convertible into 4,545,455 shares of the Company's common stock, subject to
adjustment and warrants to purchase up to an aggregate of 5,681,819 shares
of
Company common stock. The proceeds from the financing will be used for working
capital and general corporate purposes.
The
Company will file a Current Report on Form 8-K with the Securities and Exchange
Commission within the required time period, which Report will disclose detailed
information about the Company and its subsidiaries, including financial
statements for the fiscal years ended December 31, 2004, 2005 and 2006 and
the
six months ended June 30, 2006 and 2007, and further details regarding the
transactions disclosed above.
The
securities issued in connection with the transactions have not been registered
under the Securities Act of 1933, as amended, and may not be offered or sold
in
the United States absent registration under the Securities Act and applicable
state securities laws or an applicable exemption from those registration
requirements. The Company has agreed to file a registration statement within
45
days of the closing of the transaction, covering the resale of 1,500,000 shares
of common stock issued to one of the stockholders of Baorun China, and 1,123,769
shares of common stock that were issued to stockholders of the Company prior
to
the share exchange. The Company also agreed to file a registration statement
at
a later date covering the resale of the shares of common stock underlying the
Series A Convertible Preferred Stock; the warrants issued to the investor in
the
financing have demand registration rights.
This
press release does not constitute an offer to sell or the solicitation of an
offer to buy nor will there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such state or
jurisdiction.
About
International Imaging Systems, Inc.
International
Imaging Systems, Inc., through its subsidiaries, is engaged primarily in the
development, exploration, production and distribution of bio- diesel and
wholesale and processing of heavy oil and finished oil products in China.
Forward-looking
Statements
This
news
release contains "forward-looking statements" made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995, including
statements related to the option to purchase additional securities.
Forward-looking statements include statements with respect to the Company's
beliefs, plans, objectives, goals, expectations, anticipations, assumptions,
estimates, intentions, and future performance, and involve known and unknown
risks, uncertainties and other factors, which may be beyond the Company's
control, and which may cause the Company's actual results, performance or
achievements to be materially different from future results, performance or
achievements expressed or implied by such forward-looking statements, its
ability to control its expansion, its ability to maintain relationships with
customers, its limited operating history, the availability and cost of raw
materials, ability to expand its current manufacturing capacity, ability to
develop new business segments, effects of competition, risks of operating in
China and the other factors listed under "Risk Factors" in its filings with
the
SEC. All statements other than statements of historical fact are statements
that
could be forward-looking statements. The Company assumes no obligation to update
the information contained in this news release.
Source:
International Imaging Systems, Inc.
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909954-000110465916102088-a16-5728_1ex99d1 | EX-99.1
4
a16-5728_1ex99d1.htm
EX-99.1
Exhibit 99.1
JAB Holding Company-Led Investor Group Completes Acquisition of Keurig Green Mountain, Inc
.
WATERBURY, Vt. (March 3, 2016) -Keurig Green Mountain, Inc. (NASDAQ: GMCR) ("Keurig Green Mountain") and JAB Holding Company ("JAB") today announced the successful completion of the acquisition of Keurig Green Mountain by a JAB-led investor group. The acquisition was announced on December 7, 2015, and the transaction closed and became effective today.
Under the terms of the transaction, Keurig Green Mountain stockholders will receive $92.00 per share in cash for each share they own. The transaction was approved by Keurig Green Mountain stockholders at a special meeting of stockholders held on February 24, 2016. As a result of the completion of the acquisition, Keurig Green Mountain's common stock ceased trading on the NASDAQ Global Select Market before the opening of market today.
About Keurig Green Mountain, Inc.
Keurig Green Mountain is reimagining how beverages can be created, personalized, and enjoyed, fresh-made in homes and workplaces. Keurig Green Mountain is a personal beverage system company revolutionizing the beverage experience through the power of innovative technology and strategic brand partnerships. With an expanding family of more than 80 beloved brands and more than 575 beverage varieties, Keurig Green Mountain's Keurig® hot and Keurig® KOLD™ beverage systems deliver great taste, convenience, and choice at the push of a button. As a company founded on social responsibility, Keurig Green Mountain is committed to using the power of business to brew a better world through its work to build resilient supply chains, sustainable products, thriving communities, and a water-secure world.
For more information visit: www.KeurigGreenMountain.com.
About JAB Holding Company
JAB Holding Company is a privately held group focused on long-term investments in companies with premium brands, attractive growth and strong margin dynamics in the Consumer Goods category. The group's portfolio includes a controlling stake in Jacobs Douwe Egberts (JDE), the largest pure-play FMCG coffee company in the world, a controlling stake in Coty Inc., a global leader in beauty, and controlling stakes in luxury goods companies including Jimmy Choo, Bally and Belstaff. JAB also has controlling stakes in Peet's Coffee & Tea, a premier specialty coffee and tea company, Caribou Coffee Company, a specialty retailer of high-quality premium coffee products, Einstein Noah Restaurant Group, Inc., a leading company in the quick-casual segment of the restaurant industry, Espresso House, the largest branded coffee shop chain in Scandinavia, and Baresso Coffee A/S, the first and largest branded coffee shop chain in Denmark. JAB also owns a minority stake in Reckitt Benckiser PLC, a global leader in health, hygiene and home products. In July 2015, Coty announced it had reached a definitive agreement to purchase some of Procter & Gamble's beauty brands to create one of the world's largest cosmetic companies. JAB is overseen by its three Senior Partners, Peter Harf, Bart Becht (Chairman) and Olivier Goudet (CEO). For more information, please visit the company's website at: http://www.jabholco.com.
Keurig Green Mountain Contacts
Media Contact:
Dan Katcher / Matthew Sherman / Averell Withers
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449
Investor Contact:
Kristi Bonner
Keurig Green Mountain, Inc.
(646) 762-8095
[email protected]
JAB Holding Company Contacts
Tom Johnson/Pat Tucker
Abernathy MacGregor Group
(212) 371-5999
2
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1310213-000082077106000024-nscw_ex99 | EX-99
3
nscw_ex99.htm
Nascent Wine Company.
Press Release
Nascent Wine Company Enters Into Agreement with Piancone Group International, Inc.
Henderson, Nev.- June 1, 2006 - Nascent Wine Company (OTCBB: NCTW), announced today that it has signed an agreement with Piancone Group International, Inc to acquire substantially all of its assets and infrastructure.
Piancone Group International, Inc. ("PGI") is the family business of Nascent's recently appointed President, Sandro Piancone and is one of the largest food service distributors in Baja California, Mexico. PGI distributes Italian and US Food products such as the CORA brand with over 1,400 Italian food products for the retail and food service industry. Other brands it distributes are Welch's, General Mills, Nestle Candy, Häagen-Dazs Ice Cream, Hershey's, M&M's, Rock Star Energy Drink, MOTT'S, and Bakemark Bakery Supplies. Its customers consist of hotels, restaurants, grocery stores, bakeries, pizza shops and convenience stores, such as: AM/PM, Papa Johns, Pizza Hut, Giuseppe's, TGI Fridays, Applebee's, Smart and Final and Calimax, one of Baja California's largest supermarket chains.
Sandro Piancone, President of Nascent Wine Company stated, "This acquisition will allow us to achieve a major foothold in the $46 billion dollar food service industry. PGI's infrastructure is perfectly suited to rollout our new Miller Beer distribution contract." Piancone added, "We will continue striving to acquire strong companies such as PGI that will help us to become one of the leading food distributors in Mexico".
Victor Petrone, President of PGI stated, "With our 40 years of food service experience and exclusive product lines and customers and being a public entity, we are poised to be a market leader in broad line food service distribution".
The agreement is contingent upon certain conditions including board approval of both companies and completion of PGI's audited financial statements.
About Nascent Wine Co. Inc.
Nascent Wine Co. Inc. is charting a course to become a leader in the beverage and food industry in Mexico. The Company is the exclusive distributor of Miller Beer (SAB.L) in Baja California, Mexico. The Company plans to continue acquiring small- to medium-sized beverage and food distributors in Mexico. The Company trades on the OTC Bulletin Board, ticker symbol NCTW.OB.
Forward Looking Statement:
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
Contact:
Crosscheck Capital
Alex Johnston
Investor Relations
(800) 727-1372
email: [email protected]
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1044777-000155837018005091-ex-99d1 | EX-99.1
3
ex-99d1.htm
EX-99.1
Ex99_1
Exhibit 99.1
VASCO Strengthens Position in E-Signature and Identity Verification Markets with Acquisition of Leading Customer Onboarding Provider Dealflo
Improves competitive position of e-signature offering with end-to-end financial transaction management and consumer financial agreement automation
CHICAGO and LONDON, May 30, 2018 - VASCO Data Security, Inc. (NASDAQ: VDSI), a global leader in digital identity security, transaction security and business productivity, today announced it has acquired privately-held Dealflo for £41 million in cash. In a separate press release today, VASCO introduced its Trusted Identity (TID) platform and announced its name is changing to OneSpan.
Dealflo is a rapidly growing and leading provider of identity verification and end-to-end financial agreement automation solutions. Its flexible workflow management system automates the full lifecycle of customer onboarding by providing a flexible and automated application process, integration of third- party identity verification services, tailored and configurable contract generation, e-signature capture and secure vaulting. Dealflo has achieved significant success in providing onboarding solutions to the consumer and asset financing sectors primarily in the U.K.
"The combination of two leading providers of solutions for agreement automation creates a strong offering for customer onboarding", said Aite Group's Retail Banking and Payments Research Director, Julie Conroy. "Financial institutions in particular have a growing demand for onboarding automation solutions and coming from OneSpan, a leading provider in the financial services industry, this will make for a very compelling offering in the market".
Dealflo's agreement automation platform provides a flexible API that facilities the integration of multiple third party solutions for each step of the financial transaction management process. Dealflo has partnerships with leading identity verification providers Equifax, iovation (being acquired by TransUnion), Mitek, and GB Group, as well as OneSpan Sign (formerly eSignLive). OneSpan will continue to support these relationships and plans to increase the number of e-sign partnerships as it expands Dealflo's presence globally.
"This acquisition will enable us to grow our subscription revenue and Dealflo's technology will be a major differentiator for our eSignLive solution", said VASCO CEO, Scott Clements. "In addition, Dealflo's identity verification capabilities will allow us to accelerate the launch of our TID platform based onboarding, identity and anti-fraud solutions".
There are significant synergies between the companies. Dealflo is headquartered in London with its development center in Montreal, the home of OneSpan's largest development center. In addition, OneSpan Sign is already integrated into Dealflo's platform and more than half of Dealflo's customers are also OneSpan's, including leading financial institutions and organizations such as BMW, Santander, BNP Paribas and Mercedes Benz.
"The entire Dealflo team is thrilled that we are joining a leader in the financial services segment that can accelerate growth of our solution and expand into new regions where OneSpan is very well- established", stated Dealflo Founder and CEO, Abe Smith. "We have a deep history with OneSpan Sign and look forward to working together and expanding our integration into OneSpan's powerful and innovative Trusted Identity platform".
2018 Guidance Update
As a result of the transaction, OneSpan has revised its guidance for the full-year 2018 as follows:
·
Revenue is expected to be in the range of $201 million to $211 million; and
·
Adjusted EBITDA is expected to be in the range of $15 million to $19 million.
Clements added, "While our revised guidance reflects the near-term financial impact of acquiring an early-stage technology platform, we see tremendous opportunity to leverage this strategic addition and deliver significant long-term revenue and EBITDA growth in the years to come".
About OneSpan
OneSpan enables financial institutions and other organizations to succeed by making bold advances in
their digital transformation. We do this by establishing trust in people's identities, the devices they use, and the transactions that shape their lives. We believe that this is the foundation of enhanced business enablement and growth. More than 10,000 customers, including over half of the top 100 global banks, rely on OneSpan solutions to protect their most important relationships and business processes. From digital onboarding to fraud mitigation to workflow management, OneSpan's unified, open platform reduces costs, accelerates customer acquisition, and increases customer satisfaction. Learn more about OneSpan at
OneSpan.com
and on Twitter, LinkedIn and Facebook.
About Dealflo
Dealflo provides end-to-end financial agreement automation services and processes billions of financial transactions annually in a single service. Dealflo reduces risk and cost, increases conversion and improves user experience by automating the entire process. Dealflo users are protected by ensuring that all agreements fully comply with the mandated process whether being signed online, in a retail store or alongside an intermediary. It increases enforceability with the strongest evidence available, meaning less risk from a legal, compliance and financial perspective. It has operations across North America and EMEA, and is headquartered in London.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable U.S. Securities laws, including statements regarding the potential benefits, performance, and functionality of our products and solutions; our expectations, beliefs, plans, operations and strategies relating to our acquisition of Dealflo; and our expectations regarding our financial performance in the future. Forward- looking statements may be identified by words such as "seek", "believe", "plan", "estimate", "anticipate", expect", "intend", and statements that an event or result "may", "will", "should", "could", or "might" occur or be achieved and any other similar expressions. These forward-looking statements involve risks and uncertainties, as well as assumptions which, if they do not fully materialize or prove incorrect, could cause our results to differ materially from those expressed or implied by such forward- looking statements. Factors that could materially affect our business and financial results include, but are not limited to, market acceptance of our products and solutions and competitors' offerings, the potential effects of technological changes, our ability to effectively identify, purchase and integrate acquisitions, the execution of our transformative strategy on a global scale and the increasing frequency and sophistication of hacking attacks, as well as those factors set forth in our Form 10K (and other forms) filed with the Securities and Exchange Commission. Our SEC filings and other important information can be found on the Investor Relations section of our website at ir.vasco.com. We do not have any intent, and disclaim any obligation, to update the forward-looking information to reflect events that occur, circumstances that exist, or changes in our expectations after the date of this press release.
Investor contact:
Joe Maxa
Director of Investor Relations
+1-612-247-8592
[email protected]
Media contact:
Sarah Hanel
Director of Global Corporate Communications
+1-312-871-1729
[email protected]
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"of",
"solutions",
"for",
"agreement",
"automation",
"creates",
"a",
"strong",
"offering",
"for",
"customer",
"onboarding",
"\"",
",",
"said",
"Aite",
"Group",
"'s",
"Retail",
"Banking",
"and",
"Payments",
"Research",
"Director",
",",
"Julie",
"Conroy",
".",
"\"",
"Financial",
"institutions",
"in",
"particular",
"have",
"a",
"growing",
"demand",
"for",
"onboarding",
"automation",
"solutions",
"and",
"coming",
"from",
"OneSpan",
",",
"a",
"leading",
"provider",
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"the",
"financial",
"services",
"industry",
",",
"this",
"will",
"make",
"for",
"a",
"very",
"compelling",
"offering",
"in",
"the",
"market",
"\"",
".",
"Dealflo",
"'s",
"agreement",
"automation",
"platform",
"provides",
"a",
"flexible",
"API",
"that",
"facilities",
"the",
"integration",
"of",
"multiple",
"third",
"party",
"solutions",
"for",
"each",
"step",
"of",
"the",
"financial",
"transaction",
"management",
"process",
".",
"Dealflo",
"has",
"partnerships",
"with",
"leading",
"identity",
"verification",
"providers",
"Equifax",
",",
"iovation",
"(",
"being",
"acquired",
"by",
"TransUnion",
")",
",",
"Mitek",
",",
"and",
"GB",
"Group",
",",
"as",
"well",
"as",
"OneSpan",
"Sign",
"(",
"formerly",
"eSignLive",
")",
".",
"OneSpan",
"will",
"continue",
"to",
"support",
"these",
"relationships",
"and",
"plans",
"to",
"increase",
"the",
"number",
"of",
"e",
"-",
"sign",
"partnerships",
"as",
"it",
"expands",
"Dealflo",
"'s",
"presence",
"globally",
".",
"\"",
"This",
"acquisition",
"will",
"enable",
"us",
"to",
"grow",
"our",
"subscription",
"revenue",
"and",
"Dealflo",
"'s",
"technology",
"will",
"be",
"a",
"major",
"differentiator",
"for",
"our",
"eSignLive",
"solution",
"\"",
",",
"said",
"VASCO",
"CEO",
",",
"Scott",
"Clements",
".",
"\"",
"In",
"addition",
",",
"Dealflo",
"'s",
"identity",
"verification",
"capabilities",
"will",
"allow",
"us",
"to",
"accelerate",
"the",
"launch",
"of",
"our",
"TID",
"platform",
"based",
"onboarding",
",",
"identity",
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"anti",
"-",
"fraud",
"solutions",
"\"",
".",
"There",
"are",
"significant",
"synergies",
"between",
"the",
"companies",
".",
"Dealflo",
"is",
"headquartered",
"in",
"London",
"with",
"its",
"development",
"center",
"in",
"Montreal",
",",
"the",
"home",
"of",
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"'s",
"largest",
"development",
"center",
".",
"In",
"addition",
",",
"OneSpan",
"Sign",
"is",
"already",
"integrated",
"into",
"Dealflo",
"'s",
"platform",
"and",
"more",
"than",
"half",
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"Dealflo",
"'s",
"customers",
"are",
"also",
"OneSpan",
"'s",
",",
"including",
"leading",
"financial",
"institutions",
"and",
"organizations",
"such",
"as",
"BMW",
",",
"Santander",
",",
"BNP",
"Paribas",
"and",
"Mercedes",
"Benz",
".",
"\"",
"The",
"entire",
"Dealflo",
"team",
"is",
"thrilled",
"that",
"we",
"are",
"joining",
"a",
"leader",
"in",
"the",
"financial",
"services",
"segment",
"that",
"can",
"accelerate",
"growth",
"of",
"our",
"solution",
"and",
"expand",
"into",
"new",
"regions",
"where",
"OneSpan",
"is",
"very",
"well",
"-",
"established",
"\"",
",",
"stated",
"Dealflo",
"Founder",
"and",
"CEO",
",",
"Abe",
"Smith",
".",
"\"",
"We",
"have",
"a",
"deep",
"history",
"with",
"OneSpan",
"Sign",
"and",
"look",
"forward",
"to",
"working",
"together",
"and",
"expanding",
"our",
"integration",
"into",
"OneSpan",
"'s",
"powerful",
"and",
"innovative",
"Trusted",
"Identity",
"platform",
"\"",
".",
"2018",
"Guidance",
"Update",
"As",
"a",
"result",
"of",
"the",
"transaction",
",",
"OneSpan",
"has",
"revised",
"its",
"guidance",
"for",
"the",
"full",
"-",
"year",
"2018",
"as",
"follows",
":",
"·",
"Revenue",
"is",
"expected",
"to",
"be",
"in",
"the",
"range",
"of",
"$",
"201 million",
"to",
"$",
"211 million",
";",
"and",
"·",
"Adjusted",
"EBITDA",
"is",
"expected",
"to",
"be",
"in",
"the",
"range",
"of",
"$",
"15 million",
"to",
"$",
"19 million",
".",
"Clements",
"added",
",",
"\"",
"While",
"our",
"revised",
"guidance",
"reflects",
"the",
"near",
"-",
"term",
"financial",
"impact",
"of",
"acquiring",
"an",
"early",
"-",
"stage",
"technology",
"platform",
",",
"we",
"see",
"tremendous",
"opportunity",
"to",
"leverage",
"this",
"strategic",
"addition",
"and",
"deliver",
"significant",
"long",
"-",
"term",
"revenue",
"and",
"EBITDA",
"growth",
"in",
"the",
"years",
"to",
"come",
"\"",
".",
"About",
"OneSpan",
"OneSpan",
"enables",
"financial",
"institutions",
"and",
"other",
"organizations",
"to",
"succeed",
"by",
"making",
"bold",
"advances",
"in",
"their",
"digital",
"transformation",
".",
"We",
"do",
"this",
"by",
"establishing",
"trust",
"in",
"people",
"'s",
"identities",
",",
"the",
"devices",
"they",
"use",
",",
"and",
"the",
"transactions",
"that",
"shape",
"their",
"lives",
".",
"We",
"believe",
"that",
"this",
"is",
"the",
"foundation",
"of",
"enhanced",
"business",
"enablement",
"and",
"growth",
".",
"More",
"than",
"10,000",
"customers",
",",
"including",
"over",
"half",
"of",
"the",
"top",
"100",
"global",
"banks",
",",
"rely",
"on",
"OneSpan",
"solutions",
"to",
"protect",
"their",
"most",
"important",
"relationships",
"and",
"business",
"processes",
".",
"From",
"digital",
"onboarding",
"to",
"fraud",
"mitigation",
"to",
"workflow",
"management",
",",
"OneSpan",
"'",
"s",
"unified",
",",
"open",
"platform",
"reduces",
"costs",
",",
"accelerates",
"customer",
"acquisition",
",",
"and",
"increases",
"customer",
"satisfaction",
".",
"Learn",
"more",
"about",
"OneSpan",
"at",
"OneSpan.com",
"and",
"on",
"Twitter",
",",
"LinkedIn",
"and",
"Facebook",
".",
"About",
"Dealflo",
"Dealflo",
"provides",
"end",
"-",
"to",
"-",
"end",
"financial",
"agreement",
"automation",
"services",
"and",
"processes",
"billions",
"of",
"financial",
"transactions",
"annually",
"in",
"a",
"single",
"service",
".",
"Dealflo",
"reduces",
"risk",
"and",
"cost",
",",
"increases",
"conversion",
"and",
"improves",
"user",
"experience",
"by",
"automating",
"the",
"entire",
"process",
".",
"Dealflo",
"users",
"are",
"protected",
"by",
"ensuring",
"that",
"all",
"agreements",
"fully",
"comply",
"with",
"the",
"mandated",
"process",
"whether",
"being",
"signed",
"online",
",",
"in",
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"retail",
"store",
"or",
"alongside",
"an",
"intermediary",
".",
"It",
"increases",
"enforceability",
"with",
"the",
"strongest",
"evidence",
"available",
",",
"meaning",
"less",
"risk",
"from",
"a",
"legal",
",",
"compliance",
"and",
"financial",
"perspective",
".",
"It",
"has",
"operations",
"across",
"North",
"America",
"and",
"EMEA",
",",
"and",
"is",
"headquartered",
"in",
"London",
".",
"Forward",
"-",
"Looking",
"Statements",
"This",
"press",
"release",
"contains",
"forward",
"-",
"looking",
"statements",
"within",
"the",
"meaning",
"of",
"applicable",
"U",
".",
"S",
".",
"Securities",
"laws",
",",
"including",
"statements",
"regarding",
"the",
"potential",
"benefits",
",",
"performance",
",",
"and",
"functionality",
"of",
"our",
"products",
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";",
"our",
"expectations",
",",
"beliefs",
",",
"plans",
",",
"operations",
"and",
"strategies",
"relating",
"to",
"our",
"acquisition",
"of",
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";",
"and",
"our",
"expectations",
"regarding",
"our",
"financial",
"performance",
"in",
"the",
"future",
".",
"Forward",
"-",
"looking",
"statements",
"may",
"be",
"identified",
"by",
"words",
"such",
"as",
"\"",
"seek",
"\"",
",",
"\"",
"believe",
"\"",
",",
"\"",
"plan",
"\"",
",",
"\"",
"estimate",
"\"",
",",
"\"",
"anticipate",
"\"",
",",
"expect",
"\"",
",",
"\"",
"intend",
"\"",
",",
"and",
"statements",
"that",
"an",
"event",
"or",
"result",
"\"",
"may",
"\"",
",",
"\"",
"will",
"\"",
",",
"\"",
"should",
"\"",
",",
"\"",
"could",
"\"",
",",
"or",
"\"",
"might",
"\"",
"occur",
"or",
"be",
"achieved",
"and",
"any",
"other",
"similar",
"expressions",
".",
"These",
"forward",
"-",
"looking",
"statements",
"involve",
"risks",
"and",
"uncertainties",
",",
"as",
"well",
"as",
"assumptions",
"which",
",",
"if",
"they",
"do",
"not",
"fully",
"materialize",
"or",
"prove",
"incorrect",
",",
"could",
"cause",
"our",
"results",
"to",
"differ",
"materially",
"from",
"those",
"expressed",
"or",
"implied",
"by",
"such",
"forward",
"-",
"looking",
"statements",
".",
"Factors",
"that",
"could",
"materially",
"affect",
"our",
"business",
"and",
"financial",
"results",
"include",
",",
"but",
"are",
"not",
"limited",
"to",
",",
"market",
"acceptance",
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"products",
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"competitors",
"'",
"offerings",
",",
"the",
"potential",
"effects",
"of",
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",",
"our",
"ability",
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"effectively",
"identify",
",",
"purchase",
"and",
"integrate",
"acquisitions",
",",
"the",
"execution",
"of",
"our",
"transformative",
"strategy",
"on",
"a",
"global",
"scale",
"and",
"the",
"increasing",
"frequency",
"and",
"sophistication",
"of",
"hacking",
"attacks",
",",
"as",
"well",
"as",
"those",
"factors",
"set",
"forth",
"in",
"our",
"Form",
"10K",
"(",
"and",
"other",
"forms",
")",
"filed",
"with",
"the",
"Securities",
"and",
"Exchange",
"Commission",
".",
"Our",
"SEC",
"filings",
"and",
"other",
"important",
"information",
"can",
"be",
"found",
"on",
"the",
"Investor",
"Relations",
"section",
"of",
"our",
"website",
"at",
"ir",
".",
"vasco",
".",
"com",
".",
"We",
"do",
"not",
"have",
"any",
"intent",
",",
"and",
"disclaim",
"any",
"obligation",
",",
"to",
"update",
"the",
"forward",
"-",
"looking",
"information",
"to",
"reflect",
"events",
"that",
"occur",
",",
"circumstances",
"that",
"exist",
",",
"or",
"changes",
"in",
"our",
"expectations",
"after",
"the",
"date",
"of",
"this",
"press",
"release",
".",
"Investor",
"contact",
":",
"Joe",
"Maxa",
"Director",
"of",
"Investor",
"Relations",
"+",
"1",
"-",
"612",
"-",
"247",
"-",
"8592",
"[email protected]",
"Media",
"contact",
":",
"Sarah",
"Hanel",
"Director",
"of",
"Global",
"Corporate",
"Communications",
"+",
"1",
"-",
"312",
"-",
"871",
"-",
"1729",
"[email protected]"
] | [
"O",
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"O",
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"B-Parties.BUYING_COMPANY",
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"I-Parties.BUYING_COMPANY",
"I-Parties.BUYING_COMPANY",
"I-Parties.BUYING_COMPANY",
"I-Parties.BUYING_COMPANY",
"O",
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1309710-000095013606010108-file5 | EX-99.1
5
file5.htm
PRESS RELEASE DATED DECEMBER 1, 2006
EXHIBIT
99.1
Press release dated December 1,
2006
FOR IMMEDIATE RELEASE
HandHeld Entertainment
Increases Position in the User-Generated Humorous
Videos
Marketplace by Acquiring FunMansion.com for $1.1
Million
FunMansion.com adds approximately 1.5
million monthly unique visitors/potential customers
to
HandHeld Entertainment's growing network of Web
sites; combined monthly traffic of
FunMansion.com,
Dorks.com and ZVUE.com now provide a growing collection
of
user-generated comedy videos (along with commercially
produced music videos, television
programming and feature
length movies) to potentially 2.5 million unique visitors per
month
SAN FRANCISCO and PORT ST. LUCIE, Fla.
- Dec. 1, 2006 - HandHeld Entertainment™ (NASDAQ:
ZVUE, ZVUEW) today announced it has acquired FunMansion.com™ for
$1.1 million ($350,000 in cash at closing, $150,000 in cash
payable over 12 months and a five-year $600,000 note convertible into
common stock).
FunMansion.com has averaged approximately
1.5 million unique visitors per month and more than 3.5
million page views per month during the past two months.
"In a little more than two weeks, we have begun
assembling a significant collection of user-generated video content by
acquiring Dorks.com™ and FunMansion.com", said
Jeff Oscodar, president and chief executive officer of HandHeld
Entertainment. "The FunMansion.com acquisition takes us
to potentially 2.5 million unique visitors per month, with a
combined total of more than 5.4 million page views per month,
all tied to the comedy/extreme marketplace. We believe that these funny
user-generated and user-submitted videos, photos, jokes and more tend
to attract demographics that will be attractive to advertisers and
sponsors. We also believe that the combination of ZVUE.com's
commercial content, coupled with our rapidly growing library of user
generated content from Dorks.com, FunMansion.com and ZVUE.com's
own FREE Stuff! site, will be a powerful combination for our
company."
HandHeld Entertainment's
user-generated Web properties - Dorks.com, FunMansion.com and
FREE Stuff! - now attract nearly 2.5 million unique
visitors each month, particularly in the comedy/extreme space. In
addition, HandHeld Entertainment announced earlier in November a
content agreement with Comedy Time Network to make hundreds of hours of
stand-up comedy routines and sketches available for purchase at
ZVUE.com. Taken in combination, these two acquisitions and the Comedy
Time agreement have helped transform HandHeld Entertainment into a
leading provider of comedic/humorous videos for both portable video
players and PCs.
Representative of the humorous user-generated
and user-submitted videos posted recently on FunMansion.com are the
following:
.
Nutty Paintball Prank at
http://funmansion.com/html/Nutty-Paintball-Prank.html
;
.
Finger Scratching DJ at
http://funmansion.com/html/Finger-Scratching-DJ.html
;
.
Idiots
Playing with Fire at
http://funmansion.com/html/Idiots-Playing-With-Fire.html
;
and
.
Female Reporter Loses Her Cool at
http://funmansion.com/html/Female-Reporter-Loses-Her-Cool.html
.
"FunMansion.com has been around for more than five
years, and we've seen a strong increase in visitors and page
views during the past 18 months", said Mary Dunne,
founder and owner of FunMansion.com. "I'm really
excited to be joining the ZVUE.com network of Web sites. Now I can
continue to build the site that I love and can do so with greater
resources and scale. Those resources should accelerate
FunMansion's growth and bring FunMansion's user-generated
videos to a larger audience".
1
HandHeld Entertainment also has more than
4,400 videos available for purchase on ZVUE.com today out of more than
11,000 video selections it has under contract. These selections include
music videos, anime features, television shows, movies, cartoons,
independent films, documentaries, news, entertainment and sports
programs from companies ranging from Sony BMG to IMG Media and from
Canadian Broadcast Corp. to Fun Little Movies.
Launched in
February 2001, FunMansion.com hosts free user-generated videos,
photo slideshows and Flash-based games and movies.
About
HandHeld Entertainment, Inc.
HandHeld Entertainment is a
digital-media-to-go company with a family of mass-market portable media
players priced at mass-market prices as well as its own online video
content store. Its ZVUE portable media players are available for
purchase online and in retail locations across the U.S., while portable
video lovers can visit HandHeld Entertainment's video content
store at
www.zvue.com
to buy pay-per-download videos.
Customers can also download free user-generated videos and other media
from FunMansion.com and Dorks.com, wholly owned subsidiaries of
HandHeld Entertainment. Handheld Entertainment's common stock
and warrants are traded on the NASDAQ Capital Market (ZVUE, ZVUEW) and
Boston Stock Market (HDE, HDEW). For more information, visit
www.hheld.com/ir
or call 415-495-6470.
# #
#
HandHeld Entertainment, FunMansion.com, Dorks.com, ZVUE.com
and ZVUE are trademarks of HandHeld Entertainment. All other trademarks
are property of their respective owners.
"Safe
Harbor" Statement Under the Private Securities
Litigation Reform Act of 1995
This announcement contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, Section 21E of the Securities Exchange Act of
1934, and within the meaning of the Private Securities Litigation
Reform Act of 1995. Actual results could differ materially from those
projected in the forward-looking statements as a result of various
factors including the ability of the company to successfully
commercialize its new technologies as well as risk factors set forth
from time to time in HandHeld Entertainment's filings with the
United States Securities and Exchange Commission, including Annual
Reports on Form 10-KSB, Quarterly Reports on Form 10-QSB and Current
Reports on Form 8-K and other reports filed by the company with the
SEC. The company undertakes no obligation to publicly release the
result of any revisions to these forward-looking statements, which may
be made to reflect events or circumstances after the date hereof or to
reflect the occurrence of unanticipated events. As a result, investors
should not place undue reliance on these forward-looking
statements.
MEDIA CONTACTS FOR HANDHELD
ENTERTAINMENT:
David Politis, Politis Communications,
801-523-3730(wk), 801-556-8184(cell),
[email protected]
or Jonathan Bacon, Politis
Communications, 801-523-3730(wk), 801-660-7820(cell),
[email protected]
INVESTOR CONTACT FOR
HANDHELD ENTERTAINMENT:
Robert Prag, The Del Mar Consulting
Group, Inc., 858-794-9500,
[email protected]
2
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".",
"\"",
"HandHeld",
"Entertainment",
"'s",
"user",
"-",
"generated",
"Web",
"properties",
"-",
"Dorks.com",
",",
"FunMansion.com",
"and",
"FREE",
"Stuff",
"!",
"-",
"now",
"attract",
"nearly",
"2",
".",
"5",
"million",
"unique",
"visitors",
"each",
"month",
",",
"particularly",
"in",
"the",
"comedy",
"/",
"extreme",
"space",
".",
"In",
"addition",
",",
"HandHeld",
"Entertainment",
"announced",
"earlier",
"in",
"November",
"a",
"content",
"agreement",
"with",
"Comedy",
"Time",
"Network",
"to",
"make",
"hundreds",
"of",
"hours",
"of",
"stand",
"-",
"up",
"comedy",
"routines",
"and",
"sketches",
"available",
"for",
"purchase",
"at",
"ZVUE.com",
".",
"Taken",
"in",
"combination",
",",
"these",
"two",
"acquisitions",
"and",
"the",
"Comedy",
"Time",
"agreement",
"have",
"helped",
"transform",
"HandHeld",
"Entertainment",
"into",
"a",
"leading",
"provider",
"of",
"comedic",
"/",
"humorous",
"videos",
"for",
"both",
"portable",
"video",
"players",
"and",
"PCs",
".",
"Representative",
"of",
"the",
"humorous",
"user",
"-",
"generated",
"and",
"user",
"-",
"submitted",
"videos",
"posted",
"recently",
"on",
"FunMansion.com",
"are",
"the",
"following",
":",
".",
"Nutty",
"Paintball",
"Prank",
"at",
"http://funmansion.com/html/Nutty-Paintball-Prank.html",
";",
".",
"Finger",
"Scratching",
"DJ",
"at",
"http://funmansion.com/html/Finger-Scratching-DJ.html",
";",
".",
"Idiots",
"Playing",
"with",
"Fire",
"at",
"http://funmansion.com/html/Idiots-Playing-With-Fire.html",
";",
"and",
".",
"Female",
"Reporter",
"Loses",
"Her",
"Cool",
"at",
"http://funmansion.com/html/Female-Reporter-Loses-Her-Cool.html",
".",
"\"",
"FunMansion.com",
"has",
"been",
"around",
"for",
"more",
"than",
"five",
"years",
",",
"and",
"we",
"'",
"ve",
"seen",
"a",
"strong",
"increase",
"in",
"visitors",
"and",
"page",
"views",
"during",
"the",
"past",
"18",
"months",
"\"",
",",
"said",
"Mary",
"Dunne",
",",
"founder",
"and",
"owner",
"of",
"FunMansion.com",
".",
"\"",
"I",
"'",
"m",
"really",
"excited",
"to",
"be",
"joining",
"the",
"ZVUE.com",
"network",
"of",
"Web",
"sites",
".",
"Now",
"I",
"can",
"continue",
"to",
"build",
"the",
"site",
"that",
"I",
"love",
"and",
"can",
"do",
"so",
"with",
"greater",
"resources",
"and",
"scale",
".",
"Those",
"resources",
"should",
"accelerate",
"FunMansion",
"'s",
"growth",
"and",
"bring",
"FunMansion",
"'",
"s",
"user",
"-",
"generated",
"videos",
"to",
"a",
"larger",
"audience",
"\"",
".",
"1",
"HandHeld",
"Entertainment",
"also",
"has",
"more",
"than",
"4,400",
"videos",
"available",
"for",
"purchase",
"on",
"ZVUE.com",
"today",
"out",
"of",
"more",
"than",
"11,000",
"video",
"selections",
"it",
"has",
"under",
"contract",
".",
"These",
"selections",
"include",
"music",
"videos",
",",
"anime",
"features",
",",
"television",
"shows",
",",
"movies",
",",
"cartoons",
",",
"independent",
"films",
",",
"documentaries",
",",
"news",
",",
"entertainment",
"and",
"sports",
"programs",
"from",
"companies",
"ranging",
"from",
"Sony",
"BMG",
"to",
"IMG",
"Media",
"and",
"from",
"Canadian",
"Broadcast",
"Corp",
".",
"to",
"Fun",
"Little",
"Movies",
".",
"Launched",
"in",
"February",
"2001",
",",
"FunMansion.com",
"hosts",
"free",
"user",
"-",
"generated",
"videos",
",",
"photo",
"slideshows",
"and",
"Flash",
"-",
"based",
"games",
"and",
"movies",
".",
"About",
"HandHeld",
"Entertainment",
",",
"Inc",
".",
"HandHeld",
"Entertainment",
"is",
"a",
"digital",
"-",
"media",
"-",
"to",
"-",
"go",
"company",
"with",
"a",
"family",
"of",
"mass",
"-",
"market",
"portable",
"media",
"players",
"priced",
"at",
"mass",
"-",
"market",
"prices",
"as",
"well",
"as",
"its",
"own",
"online",
"video",
"content",
"store",
".",
"Its",
"ZVUE",
"portable",
"media",
"players",
"are",
"available",
"for",
"purchase",
"online",
"and",
"in",
"retail",
"locations",
"across",
"the",
"U",
".",
"S",
".",
",",
"while",
"portable",
"video",
"lovers",
"can",
"visit",
"HandHeld",
"Entertainment",
"'s",
"video",
"content",
"store",
"at",
"www.zvue.com",
"to",
"buy",
"pay",
"-",
"per",
"-",
"download",
"videos",
".",
"Customers",
"can",
"also",
"download",
"free",
"user",
"-",
"generated",
"videos",
"and",
"other",
"media",
"from",
"FunMansion.com",
"and",
"Dorks.com",
",",
"wholly",
"owned",
"subsidiaries",
"of",
"HandHeld",
"Entertainment",
".",
"Handheld",
"Entertainment",
"'s",
"common",
"stock",
"and",
"warrants",
"are",
"traded",
"on",
"the",
"NASDAQ",
"Capital",
"Market",
"(",
"ZVUE",
",",
"ZVUEW",
")",
"and",
"Boston",
"Stock",
"Market",
"(",
"HDE",
",",
"HDEW",
")",
".",
"For",
"more",
"information",
",",
"visit",
"www.hheld.com/ir",
"or",
"call",
"415",
"-",
"495",
"-",
"6470",
".",
"#",
"#",
"#",
"HandHeld",
"Entertainment",
",",
"FunMansion.com",
",",
"Dorks.com",
",",
"ZVUE.com",
"and",
"ZVUE",
"are",
"trademarks",
"of",
"HandHeld",
"Entertainment",
".",
"All",
"other",
"trademarks",
"are",
"property",
"of",
"their",
"respective",
"owners",
".",
"\"",
"Safe",
"Harbor",
"\"",
"Statement",
"Under",
"the",
"Private",
"Securities",
"Litigation",
"Reform",
"Act",
"of",
"1995",
"This",
"announcement",
"contains",
"forward",
"-",
"looking",
"statements",
"within",
"the",
"meaning",
"of",
"Section",
"27A",
"of",
"the",
"Securities",
"Act",
"of",
"1933",
",",
"Section",
"21E",
"of",
"the",
"Securities",
"Exchange",
"Act",
"of",
"1934",
",",
"and",
"within",
"the",
"meaning",
"of",
"the",
"Private",
"Securities",
"Litigation",
"Reform",
"Act",
"of",
"1995",
".",
"Actual",
"results",
"could",
"differ",
"materially",
"from",
"those",
"projected",
"in",
"the",
"forward",
"-",
"looking",
"statements",
"as",
"a",
"result",
"of",
"various",
"factors",
"including",
"the",
"ability",
"of",
"the",
"company",
"to",
"successfully",
"commercialize",
"its",
"new",
"technologies",
"as",
"well",
"as",
"risk",
"factors",
"set",
"forth",
"from",
"time",
"to",
"time",
"in",
"HandHeld",
"Entertainment",
"'s",
"filings",
"with",
"the",
"United",
"States",
"Securities",
"and",
"Exchange",
"Commission",
",",
"including",
"Annual",
"Reports",
"on",
"Form",
"10",
"-",
"KSB",
",",
"Quarterly",
"Reports",
"on",
"Form",
"10",
"-",
"QSB",
"and",
"Current",
"Reports",
"on",
"Form",
"8",
"-",
"K",
"and",
"other",
"reports",
"filed",
"by",
"the",
"company",
"with",
"the",
"SEC",
".",
"The",
"company",
"undertakes",
"no",
"obligation",
"to",
"publicly",
"release",
"the",
"result",
"of",
"any",
"revisions",
"to",
"these",
"forward",
"-",
"looking",
"statements",
",",
"which",
"may",
"be",
"made",
"to",
"reflect",
"events",
"or",
"circumstances",
"after",
"the",
"date",
"hereof",
"or",
"to",
"reflect",
"the",
"occurrence",
"of",
"unanticipated",
"events",
".",
"As",
"a",
"result",
",",
"investors",
"should",
"not",
"place",
"undue",
"reliance",
"on",
"these",
"forward",
"-",
"looking",
"statements",
".",
"MEDIA",
"CONTACTS",
"FOR",
"HANDHELD",
"ENTERTAINMENT",
":",
"David",
"Politis",
",",
"Politis",
"Communications",
",",
"801",
"-",
"523",
"-",
"3730",
"(",
"wk",
")",
",",
"801",
"-",
"556",
"-",
"8184",
"(",
"cell",
")",
",",
"[email protected]",
"or",
"Jonathan",
"Bacon",
",",
"Politis",
"Communications",
",",
"801",
"-",
"523",
"-",
"3730",
"(",
"wk",
")",
",",
"801",
"-",
"660",
"-",
"7820",
"(",
"cell",
")",
",",
"[email protected]",
"INVESTOR",
"CONTACT",
"FOR",
"HANDHELD",
"ENTERTAINMENT",
":",
"Robert",
"Prag",
",",
"The",
"Del",
"Mar",
"Consulting",
"Group",
",",
"Inc",
".",
",",
"858",
"-",
"794",
"-",
"9500",
",",
"[email protected]",
"2"
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1399480-000143774912009157-ex99-1 | EX-99.1
3
ex99-1.htm
EXHIBIT 99.1
ex99-1.htm
Exhibit 99.1
Verdant acquires 24Tech Corporation to enhance information integration between energy technologies.
LOS ANGELES, September 5, 2012
- VRDT Corporation ("Verdant") announced today that it has completed its acquisition of 24Tech Corporation ("24Tech"), an information technology ("IT") integration company. The move creates an internal information nerve center for Verdant and better facilitates the flow of that information not only within the various existing divisions within the company, but also to and from Verdant's strategic partners and acquisition targets across the globe.
"24Tech has an extremely loyal customer base and a healthy revenue stream", stated Graham Norton-Standen, Verdant's Executive Chairman. "This move makes sound business sense to us at Verdant on 2 fronts: we get to continue to utilize the expertise of 24Tech's team, only now on an internal basis, while at the same time we believe that, as part of the Verdant family of companies, we can help it expand into new markets to further enhance its profitability".
"We have had a long-standing relationship with Verdant and have always believed in its vision", said 24Tech's President, Monte Winegar, "we are excited to be participating directly in achieving that vision as part of the Verdant family, expanding our reach, and continuing our relationship with our existing client base without missing a beat".
###
For more information, please contact Maria Foskaris at (949) 633-3467.
About 24Tech Corporation ("24Tech")
24Tech is a technology innovation company providing information technology products, support, and services to clients in both the private and public sectors and in industries ranging from wholesale/distribution, professional services, manufacturing, legal, medical, accounting, and more. The 24Tech team consists of highly-qualified and competent IT professionals with over 75 years of collective IT experience who are abreast on the next generation of web-based technologies, bioinformatics, cloud computing, global information systems, large scale knowledge bases, and other computer science advancements.
About VRDT Corporation
VRDT Corporation ("Verdant") delivers total energy technology solutions and profitable distributed grid management through an innovative energy technology aggregation model. The Verdant Solutions team creates significant synergies by developing credible and commercially viable products and solutions across a set of verticals including energy storage, infrastructure, energy generation, automotive, charging and other industry.
Statements contained in this release that are not historical facts may be "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934 and are inherently uncertain. Actual performance and results may differ materially from that projected herein due to certain risks and uncertainties. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. VRDT Corporation does not intend to update any of the forward-looking statements after the date of this release to conform them to actual results, except as may be required by law.
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1477294-000147729415000140-ex991-pressrelease | EX-99.1
3
ex991-pressrelease.htm
EX 99.1- PRESS RELEASE
Exhibit
Contact:
Investors
News Media
Jacob Sayer
Linda Megathlin
(508) 236-3800
(508) 236-1761
[email protected]
[email protected]
SENSATA TECHNOLOGIES COMPLETES ACQUISITION OF CUSTOM SENSORS & TECHNOLOGIES' SENSING PORTFOLIO
ALMELO, the Netherlands - December 1, 2015 - Sensata Technologies Holding N.V. (NYSE: ST) announced today that subsidiaries completed the previously announced acquisition of the sensing portfolio of Custom Sensors & Technologies, Inc. ("CST"). The acquisition includes the Kavlico, BEI, Crydom and Newall product lines and brands and includes sales, engineering and manufacturing sites in the United States, the United Kingdom, Germany, France, China and Mexico that employ approximately 2,500 people, including approximately 250 engineers.
"The acquisition of CST's sensing portfolio is in line with Sensata's strategy to Win in Sensing", said Martha Sullivan, Sensata Technologies President and Chief Executive Officer. "These are long-standing, profitable and highly cash generative sensing brands that are well respected by leading OEMs. We are excited to welcome this talented team into Sensata's global organization".
About Sensata Technologies Holding N.V.
Sensata Technologies Holding N.V. is one of the world's leading suppliers of sensing, electrical protection, control and power management solutions with operations and business centers in fifteen countries. Sensata's products improve safety, efficiency and comfort for millions of people every day in automotive, appliance, aircraft, industrial, military, heavy vehicle, heating, air-conditioning and ventilation, data, telecommunications, recreational vehicle and marine applications. For more information, please visit Sensata's website at www.sensata.com.
About Custom Sensors & Technologies
Custom Sensors & Technologies ("CST"), headquartered in California, USA, is a global specialist in designing and manufacturing sensors, controls and actuators. Through its brands, BEI Kimco, BEI Sensors, BEI PSSC, Crouzet, Crydom, Kavlico, Newall and Systron Donner Inertial, CST offers a wide range of reliable and efficient components dedicated to the Aerospace & Defense, Transportation, Industrial, Medical and Energy & Infrastructure markets. Through the expertise, diversity and agility of its 4,400 employees worldwide, CST is focused on the satisfaction of its customers. Committed to excellence, with sales of $590M US in 2014, CST is the dependable and adaptable partner for the most demanding applications. For more information, please visit CST's website at www.cstsensors.com.
Safe Harbor Statement
Statements in this release which are not historical facts, such as those that may be identified by the use of words such as "anticipate", "believe", "could", "estimate", "expect", "feel", "forecast", "intend", "may", "plan", "potential", "project", "should", "would", and similar expressions, are forward-looking statements under the provisions of the Private Securities Litigation Reform Act of 1995. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Detailed information about some of the known risks is included in our Annual Report on Form 10-K for the year ended December 31, 2014 and our other reports filed with the Securities and Exchange Commission. Because actual results could differ materially from our intentions, plans, expectations, assumptions and beliefs about the future, you are urged to view all forward-looking statements contained in this news release with caution. Except as required by applicable law, we do not undertake to publicly update or revise any of these forward-looking statements, whether as a result of new information, future events or otherwise.
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805022-000110465914066606-a14-20678_5ex99d1 | EX-99.1
2
a14-20678_5ex99d1.htm
EX-99.1
Exhibit 99.1
News Release
NYSE: BPL
Buckeye Partners, L.P.
One Greenway Plaza
Suite 600
Houston, TX 77046
Contact: Kevin J. Goodwin
Vice President and Treasurer
[email protected]
(800) 422-2825
BUCKEYE PARTNERS, L.P. ANNOUNCES CLOSING OF $860 MILLION ACQUISITION OF 80% INTEREST IN CORPUS CHRISTI TERMINAL COMPLEX AND ASSOCIATED EAGLE FORD ASSETS IN SOUTH TEXAS
HOUSTON, September 16, 2014 - Buckeye Partners, L.P. ("Buckeye") (NYSE: BPL) announced today that it has completed its $860 million purchase of an 80 percent interest in Buckeye Texas Partners LLC. Buckeye Texas Partners LLC and its subsidiaries, which are owned jointly with Trafigura AG ("Trafigura"), will own and operate a vertically integrated system of midstream assets including a deep-water, high volume marine terminal located on the Corpus Christi Ship Channel, a condensate splitter and LPG storage complex in Corpus Christi and three crude oil and condensate gathering facilities in the Eagle Ford shale. Trafigura will be a key customer of these assets under 7- to 10-year minimum volume throughput, storage and tolling agreements.
"We are excited to incorporate this unique integrated system of assets into the Buckeye portfolio", said Clark C. Smith, Chairman and Chief Executive Officer. "This acquisition expands our geographic and product diversity with a premier position on the U.S. Gulf Coast and in the prolific Eagle Ford shale. We are excited about our partnership with Trafigura, a global leader in international commodities trading and logistics. Once the initial phase of expansion is complete, these assets will form an integrated system with connectivity from the production in the field to the marine terminal infrastructure in Corpus Christi, creating a logistics platform with significant flexibility and optionality. In addition, 100% of the cash flows associated with these assets are supported by fee-based take-or-pay revenue commitments under 7- to 10-year commercial agreements with Trafigura. We expect this acquisition to be highly accretive to our distributable cash flow per limited partner unit beginning in 2016 and to position Buckeye for acceleration of distribution growth".
About Buckeye Partners, L.P.
Buckeye Partners, L.P. (NYSE: BPL) is a publicly traded master limited partnership and owns and operates a diversified network of integrated assets providing midstream logistic solutions, primarily consisting of the transportation, storage, and marketing of liquid petroleum products. Buckeye is one of the largest independent liquid petroleum products pipeline operators in the United States in terms of volumes delivered with approximately 6,000 miles of pipeline and more than 120 liquid petroleum products terminals with aggregate storage capacity of over 110 million barrels across our portfolio of pipelines, inland terminals, and an integrated network of marine terminals located primarily on the U.S. East Coast and in the Caribbean. Buckeye's flagship marine terminal in The Bahamas, BORCO, is one of the largest marine crude oil and petroleum products storage facilities in the world and provides an array of logistics and blending services for the global flow of petroleum products. Buckeye's network of marine terminals enables it to facilitate global flows of crude oil, refined petroleum products, and other commodities, and to offer its customers connectivity to some of the world's most important bulk storage and blending hubs. Buckeye is also a wholesale distributor of refined petroleum products in
areas served by its pipelines and terminals. Finally, Buckeye also operates or maintains third-party pipelines under agreements with major oil and gas, petrochemical and chemical companies, and performs certain engineering and construction management services for third parties. More information concerning Buckeye can be found at www.buckeye.com.
* * * * *
Distributable cash flow is a measure not defined by GAAP. Distributable cash flow is a measure used by our senior management to provide a clearer picture of Buckeye's cash available for distribution to its unitholders. Distributable cash flow eliminates (i) non-cash expenses, including, but not limited to, depreciation and amortization expense resulting from the significant capital investments we make in our businesses and from intangible assets recognized in business combinations, (ii) charges for obligations expected to be settled with the issuance of equity instruments, and (iii) items that are not indicative of our core operating performance results and business outlook.
Buckeye believes that investors benefit from having access to the same financial measures used by senior management and that these measures are useful to investors because they aid in comparing Buckeye's operating performance with that of other companies with similar operations. Distributable cash flow data presented by Buckeye may not be comparable to similarly titled measures at other companies because these items may be defined differently by other companies.
* * * * *
This press release includes forward-looking statements that we believe to be reasonable as of today's date. Such statements are identified by use of the words "anticipates", "believes", "estimates", "expects", "intends", "plans", "predicts", "projects", "should", and similar expressions. Actual results may differ significantly because of risks and uncertainties that are difficult to predict and that may be beyond our control. Among them are (i) changes in federal, state, local, and foreign laws or regulations to which we are subject, including those governing pipeline tariff rates and those that permit the treatment of us as a partnership for federal income tax purposes, (ii) terrorism, adverse weather conditions, including hurricanes, environmental releases, and natural disasters, (iii) changes in the marketplace for our products or services, such as increased competition, better energy efficiency, or general reductions in demand, (iv) adverse regional, national, or international economic conditions, adverse capital market conditions, and adverse political developments, (v) shutdowns or interruptions at our pipeline, terminal, and storage assets or at the source points for the products we transport, store, or sell, (vi) unanticipated capital expenditures in connection with the construction, repair, or replacement of our assets, (vii) volatility in the price of refined petroleum products and the value of natural gas storage services, (viii) nonpayment or nonperformance by our customers, (ix) our ability to integrate acquired assets with our existing assets and to realize anticipated cost savings and other efficiencies and benefits, (x) we may not realize the expected benefits of the Trafigura Transaction, (xi) our ability to successfully complete our organic growth projects and to realize the anticipated financial benefits, and (xii) an unfavorable outcome with respect to the proceedings pending before the Federal Energy Regulatory Commission ("FERC") regarding Buckeye Pipe Line Company, L.P.'s transportation of jet fuel to the New York City airports. You should read our filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2013 and our Quarterly Reports on Form 10-Q for the quarters ended March 31, 2014 and June 30, 2014, for a more extensive list of factors that could affect results. We undertake no obligation to revise our forward-looking statements to reflect events or circumstances occurring after today's date.
####
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1011109-000094270805000003-ex99-1_010105 | EX-99
8
ex99-1_010105.htm
010505
Exhibit 99.1
ROBERTS REALTY
INVESTORS, INC.
CONTACT:
FOR IMMEDIATE RELEASE
Greg M. Burnett
January 5, 2005
Chief Financial Officer
Telephone: (770) 394-6000
Fax: (770) 551-5914
ROBERTS REALTY INVESTORS,
INC.
ACQUIRES LAND ON PEACHTREE PARKWAY
ATLANTA, GA - Roberts Realty
Investors, Inc. (AMEX:RPI) announces that on December 29, 2004 it purchased an 82%
undivided interest in 23.5 acres in North Atlanta for $7,769,500 from Roberts Properties
Peachtree Parkway, L.P. (a partnership owned and controlled by Mr. Charles S. Roberts, the
company's CEO). The property is located in Gwinnett County on Peachtree Parkway at
the intersection of Peachtree Corners Circle and across the street from the upscale Forum
Shopping Center. The land is zoned for 292 apartment units.
Mr. Charles S. Roberts, the company's founder and CEO, stated: "The
acquisition of this 23.5 acres for $7,769,500 and 29 acres for $5,880,000 in the
Cousins Properties Westside development which total $13,649,500 is consistent
with our previously announced plan of redeploying thirty-six million dollars in
debt and equity from the sale of St. Andrews at the Polo Club, located in Palm
Beach, Florida, into new assets as part of a Section 1031 tax-deferred
exchange."
Roberts Realty Investors, Inc.
invests in multi-family residential, office and retail properties in Atlanta, Charlotte
and Palm Beach as a self-administered, self-managed equity real estate investment trust.
This press release contains
forward-looking statements within the meaning of the securities laws. Although the company
believes the expectations reflected in the forward-looking statements are based on
reasonable assumptions, the company's actual results could differ materially from
those anticipated in the forward-looking statements. Certain factors that might cause such
a difference include, but are not limited to, the following: the company may not be able
to redeploy the entire net proceeds from the sale of St. Andrews at the Polo Club to
complete a Section 1031 tax-deferred exchange as it intends. For more information about
other risks and uncertainties the company faces, please see the section in the
company's most recent quarterly report on Form 10-Q entitled Management's
Discussion and Analysis of Financial Condition and Results of Operations - Disclosure
Regarding Forward-Looking Statements.
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317771-000031777104000112-ex_99 | EX-99
2
ex_99.htm
PRESS RELEASE ISSUED 12/30/2004
EXHIBIT 99.1 VINCI ACQUISITION PRESS RELEASE
EXHIBIT 99.1
NEWS RELEASE
One Tellabs Center
FOR IMMEDIATE RELEASE
1415 West Diehl Road
December 30, 2004
Naperville, Illinois 60563 U.S.A.
Tel: +1.630.798.8800
Fax: +1.630.798.2000
MEDIA CONTACT:
www.tellabs.com
Ariana Nikitas
+1.630.798.2532
[email protected]
INVESTOR CONTACT:
Tom Scottino
+1.630.798.3602
[email protected]
Tellabs acquires Vinci Systems
Naperville, Ill. -
Tellabs today acquired Vinci Systems, a privately held developer of optical networking
terminals (ONTs) for Fiber-to-the-Home (FTTH) access systems. Under the terms of the
agreement, Tellabs will pay up to $52.5 million in cash and restricted Tellabs stock.
The move brings Tellabs a family of
third-generation ONTs that complements the Tellabs FiberDirect
SM
solution.
Vinci Systems, a start-up based in Vienna, Va., was founded in 2002 and has demonstrated
interoperability of its ONT products with the industry's leading Optical Line
Terminal (OLT) vendors.
"This acquisition further
illustrates our commitment to expanding into the growing FTTx market", said Carl
DeWilde, executive vice president of access products at Tellabs. "Vinci's ONT
technology enables us to deliver a more cost-effective fiber access solution".
About Tellabs
Tellabs delivers technology that
transforms the way the world communicates™. Tellabs experts design, develop, deploy
and support wireless and wired network solutions. The company's comprehensive
broadband portfolio enables carriers in more than 100 countries to succeed in the new
competitive environment. Tellabs is part of the NASDAQ-100 Index.
www.tellabs.com
.
Tellabs
®
and
®
and Technology that
Transforms the Way the World Communicates™ are trademarks or registered trademarks of Tellabs or its affiliates in the United
States and/or other countries. Any other company or product names mentioned herein may be trademarks of their
respective companies.
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1421204-000121390020030660-ea127966ex99-01_inspyrtherap | EX-99.01
4
ea127966ex99-01_inspyrtherap.htm
PRESS RELEASE DATED OCTOBER 8, 2020
Exhibit 99.01
Inspyr Therapeutics acquires a novel immuno-onoclogy
precision targeting platform for the treatment of cancer
Preclinical data demonstrated delayed tumor
growth, reduces metastases and anti-tumor immune response
Westlake Village, CA (October 8, 2020)
- Inspyr Therapeutics, Inc. (OTC/PINK: NSPX), announces that it has acquired a novel immuno-oncology delivery technology
targeting adenosine receptor antagonists for the treatment of cancer. The technology was previously acquired by Inspyr and then
licensed to Ridgeway Therapeutics, Inc. In exchange for: (i) 65,000,000 shares of Common Stock and (ii) 8,000 shares of Series
F Convertible Preferred Stock, Inspyr has reacquired all rights previously licenses, as well as improvements thereto made by Ridgeway,
and will assume all further preclinical and clinical development relating to RT-AR001 and all other proprietary assets.
About Inspyr Therapeutics. Inc
Inspyr Therapeutics, through the above transaction,
is now focused on the development of immune-oncology precision therapies that utilize its proprietary technology targeting delivery
of adenosine receptor antagonists as treatments for cancer.
About Ridgeway Therapeutics, Inc
Ridgeway Therapuetics is a private company
that has a patented global portfolio of potential first-in-class precision targeting technologies focused for the treatment of
cancer. RT-AR001 's intra-tumoral delivery technology has shown more effective drug delivery with an enhanced response rate
by targeting the tumor microenvironment.
Cautionary Statement Regarding Forward-Looking
Information
This communication may contain forward-looking
statements. Investors are cautioned that statements in this document regarding potential applications of Inspyr Therapeutics'
technologies or the future prospects of the company constitute forward-looking statements that involve risks and uncertainties,
including, without limitation, risks inherent in the development and commercialization of potential products, uncertainty of clinical
trial results or regulatory approvals or clearances, need for future capital, dependence upon collaborators and maintenance of
our intellectual property rights and the acceptance of Inspyr Therapeutic's proposed therapies by the health community. Actual
results may differ materially from the results anticipated in these forward-looking statements. Additional information on potential
factors that could affect our results and other risks and uncertainties will be detailed from time to time in GenSpera's periodic
reports filed with the Securities and Exchange Commission.
Investor and Media Contact:
[email protected]
# # #
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1000623-000110465921052820-tm2113364d1_ex99-1 | EX-99.1
2
tm2113364d1_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
SWM International Completes Acquisition of
Scapa Group Plc
Scapa Expands SWM's Capabilities and Enhances
Long-Term Growth Profile
ALPHARETTA, GA, April 15, 2021 - Schweitzer-Mauduit International,
Inc. ("SWM" or the "Company") (NYSE: SWM), announced today that it has finalized its acquisition of Scapa Group
Plc, a UK-based innovation, design, and manufacturing solutions provider for healthcare and industrial markets. The newly combined company's
annualized sales are approaching $1.5 billion.
The acquisition adds to SWM's already extensive portfolio of
precision engineered performance materials, significantly expands the Company's innovation, design, and formulation capabilities,
and brings a variety of new coating and converting technologies. The newly combined product and service offerings can be leveraged across
SWM's and Scapa's global businesses to deliver best-in-class integrated solutions to customers.
SWM CEO Dr. Jeffrey Kramer said, "The combination of Scapa and
SWM results in a complementary global organization with robust design and manufacturing capabilities and significant technical expertise.
The expanded company is poised to capitalize on the many exciting growth opportunities across our end-markets. We will offer a broader
portfolio of products and value-added services to our customers, with a focus on delivering essential materials critical to the performance
of their end products".
With the addition of Scapa, SWM now operates in twelve countries on
four continents, with close to 5,000 employees.
About SWM
SWM is a leading global performance materials company, focused on
bringing best-in-class innovation, design, and manufacturing solutions to our customers. Our highly engineered films, adhesive tapes,
foams, nets, nonwovens, and papers are designed and manufactured using resins, polymers, and natural fibers for a variety of industries
and specialty applications. SWM and its subsidiaries manufacture on four continents, conduct business in over 90 countries and employ
approximately 5,000 people worldwide. For further information, please visit SWM's website at
www.swmintl.com
.
Additional websites:
www.scapahealthcare.com
www.scapaindustrial.com
Investor Contact:
Mark Chekanow
770-569-4229
[email protected]
Media Contact:
Mary T. Gibson
770-569-4328
[email protected]
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703604-000070360418000055-screwproductspressrelease | EX-99.1
2
screwproductspressrelease.htm
EXHIBIT 99.1
Exhibit
For Immediate Release
Lawson Products Acquires Screw Products, Inc.
CHICAGO - October 1, 2018 - Lawson Products, Inc. (NASDAQ:LAWS), a distributor of products and services to the MRO marketplace, today announced the acquisition of Screw Products, Inc. (SPI). The acquisition closed October 1, 2018. Terms of the transaction were not disclosed.
Based in Dallas, Texas, SPI is a leading regional distributor of bulk industrial products to large manufacturers and job shops. SPI provides customized fastener and components packaging, sub-assembly, and kitting services in its Dallas and Dayton, Ohio warehouses. The company generates approximately $3 million in revenue.
"SPI's deep expertise and successful execution in its markets have yielded strong profitability and sales growth", said Michael DeCata, president and chief executive officer, Lawson Products. "This transaction further reinforces our commitment to being strategically focused and disciplined in pursuing acquisitions. As a result, Lawson is well-positioned to further penetrate the job shop/manufacturing market segment and to grow sales for both SPI and Lawson", said DeCata.
"We are thrilled to join Lawson Products and are excited about the potential opportunities from leveraging their resources and experience", said Bill Marthens, president and chief executive officer, Screw Products, Inc. "Lawson supports our commitment to a high level of customer service and to growing our sales profitably. We look forward to a great future as part of Lawson".
Key SPI sales and operations employees will continue in their current roles reporting to Marthens who will oversee the day-to-day operations as director, segment development, for Lawson Products. Marthens will report to Shane McCarthy, senior vice president, supply chain and business development, Lawson Products.
About Lawson Products, Inc.
Founded in 1952, Lawson Products, Inc., headquartered in Chicago, IL, sells and distributes specialty products to the industrial, commercial, institutional and government maintenance, repair and operations market (MRO). The company is dedicated to helping customers in the U.S. and Canada lower their total cost of operation by increasing productivity and efficiency. The combination of Lawson Managed Inventory and the company's problem-solving professionals ensures customers always have the right parts to handle the job. Through The Bolt Supply House, customers in Western Canada have access to products at several retail branches. Under its Kent Automotive brand, the company provides collision and mechanical repair products to the automotive aftermarket.
Lawson Products ships from several strategically located distribution centers to customers in all 50 states, Puerto Rico, Canada, Mexico, and the Caribbean.
For additional information, please visit https://www.lawsonproducts.com/ or https://www.kent-automotive.com/.
# # #
Lawson Products Media Contact:
Julie Baron
847-525-3043
[email protected]
Investor Relations Contact:
Lawson Products, Inc.
Ronald J. Knutson
Executive Vice President, Chief Financial Officer
773-304-5665
[email protected]
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715273-000119312504218906-dex991 | EX-99.1
2
dex991.htm
PRESS RELEASE
Press Release
Exhibit 99.1
WYNDHAM AND LEHMAN BROTHERS REAL ESTATE PARTNERS
FORM JOINT VENTURE TO EXPAND AND DEVELOP SUMMERFIELD
SUITES BY WYNDHAM
BRAND
Wyndham Sells Six Properties and Partial Ownership
of the Summerfield
Suites by Wyndham Brand
DALLAS (Dec. 23, 2004) - Wyndham International, Inc. (AMEX:WBR) and Lehman Brothers Real Estate Partners (LBREP) have
formed a joint venture to expand and develop Summerfield Suites by Wyndham, Wyndham's upscale, extended-stay brand. The transaction, which closed on Wednesday, Dec. 22, included the sale of six Summerfield Suites by Wyndham properties and the
sale of a partnership interest in its Summerfield brand to Lehman Brothers Real Estate Partners for approximately $105 million.
"Summerfield Suites by Wyndham is a proven brand, and its RevPAR consistently outperforms the entire extended-stay segment. We have long believed
that the brand strength of Summerfield Suites could be realized to its full potential through a joint venture partnership, and expect this joint venture with Lehman will enable the brand to grow exponentially in the next decade", stated Fred J.
Kleisner, chairman, president and chief executive officer of Wyndham International.
The joint venture, which will be equally controlled by both partners, will establish an independent, well-capitalized company focused exclusively on the Summerfield Suites by Wyndham brand. The new entity, which will
be located in Dallas, will be actively engaged in property management, franchise sales and the development of new Summerfield Suites by Wyndham properties.
As part of the transaction, LBREP will seek opportunities to finance the development of additional Summerfield Suites by Wyndham properties. Raymond C.
Mikulich, managing director of Lehman Brothers Real Estate Partners stated, "Lehman Brothers is delighted to
partner with Wyndham to expand the highly regarded Summerfield brand. We look forward to working with owners and
developers to meaningfully expand the brand's distribution network".
LBREP will acquire the hotels and interest in the Summerfield Suites brand in partnership with the Gencom Group, a private, Miami-based hospitality investment firm.
Summerfield Suites by Wyndham offers upscale, all-suite accommodations
complete with signature Wyndham amenities and services in a unique residential-style setting in urban and suburban markets. Currently, the brand consists of 23 properties located throughout the U.S. and one in the Cayman Islands.
The six Summerfield Suites by Wyndham hotels included in the transaction are
located in Denver; Miami; Morristown, NJ; Whippany, NJ; Waltham, Ma.; and Seattle.
Lehman Brothers Real Estate Partners is a full-service real estate merchant banking fund. This global real estate private equity fund makes direct private equity investments in properties, real estate companies, and
service businesses ancillary to the real estate industry in domestic and international markets. As of Nov. 30, 2004, the fund had committed more than $1.8 billion of equity across 66 investments.
Based in Dallas, Wyndham International, Inc. offers upscale and luxury hotel
and resort accommodations through proprietary lodging brands and a management services division. Wyndham owns, leases, manages and franchises hotels and resorts in the U.S., Canada, Mexico, the Caribbean and Europe, and guarantees that the best
rates for its properties will be found on its proprietary Web site. For more information or to make a reservation, visit
www.wyndham.com
or call 800-WYNDHAM. Wyndham is a founding member of the Global Hotel Alliance
(
www.globalhotelalliance.com
), a worldwide union of hospitality companies that provides guests with unique, personalized guest services.
###
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1164964-000106299305001376-exhibit99-1 | EX-99.1
3
exhibit99-1.htm
PRESS RELEASE DATED JUNE 16, 2005
Filed by Automated Filing Services Inc. (604) 609-0244 - Snocone Systems, Inc. - Exhibit 99.1
WHO'S YOUR DADDY, INC. (OTC:BB: WYDY)
COMPLETES ACQUISITION OF PHARB.
Jun 16, 2005
SAN DIEGO--(BUSINESS WIRE)--June 16, 2005-Who's
Your Daddy (OTC:BB:WYDY) hereby announces that it has completed the acquisition
of 100% of PHARB UNIVERSITY BRAND INC (PHARB) which includes its FDA Approved
Over The Counter Product, "The Ultimate Hangover Relief" Medicine.
As of December 31, 2004, the sales of "The Ultimate Hangover
Relief" Medicine generated $12,429,000 in gross revenues and gross profits
of $9,195,000.
Edon Moyal, CEO of Who's Your Daddy stated "
we are very pleased to be able to add revenues in excess of $12,000,000
to the books of Who's Your Daddy, especially with gross profit of over
$9,000,000. The numerous retail chains currently distributing the PHARB
Hangover Remedy will serve as a built-in distribution system. The current PHARB
distribution system includes over 55,000 locations. This is a built in outlet
for Who's Your Daddy products, which we believe will be a perfect fit
into the limited spacing available on shelves in retail stores across the country.
A good example of this would be Who's Your Daddy's energy drink
the "King of Energy"".
About Who's Your Daddy, Inc.
Who's Your Daddy, Inc. is a publicly traded licensing company
which designs and licenses a variety of products centered around the trademark-protected
brand, "Who's Your Daddy". Who's Your Daddy, Inc. holds licensing rights to
the name Who's Your Daddy for over 300 products in the US, Europe, Canada, Australia,
and Japan. The "Who's Your Daddy" range of product offerings are designed to
appeal to young men, women and sports fans who strive for "style with authority".
Who's Your Daddy, Inc is traded under the WYDY stock symbol.
This material includes forward-looking statements based on
management's Current reasonable business expectations. In this document, the
words "can", "anticipates", and similar expressions identify certain forward-looking
statements. These statements are made in reliance on the Private Securities
Litigation Reform Act, Section 27A of the Securities Act of 1933, as amended.
There are numerous risks and uncertainties that could result in actual results
differing materially from expected outcomes. The material should be read in
conjunction with the Company's current annual and quarterly reports filed with
the SEC, which contain discussions of currently known factors that could significantly
impact the Company's future.
For More Information Contact:
Kelly Urban
The Ardell Group
858.792.2940
[email protected]
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1490653-000149065312000027-exhibit991-danaparkpurchase | EX-99.1
2
exhibit991-danaparkpurchase.htm
EXHIBIT 99.1
Exhibit 99.1 - Dana Park Purchase
PRESS RELEASE
Contact Whitestone REIT:
Anne Gregory, Vice President Marketing & Investor Relations
(713) 435 2221 [email protected]
Acquisitions:
Bradford Johnson, Director of Acquisitions
(713) 435-2208 [email protected]
Whitestone REIT Acquires Village Square at Dana Park for $50.5 Million
Whitestone's Portfolio in Phoenix MSA now has 12 Community Centers with over 1 Million Square Feet of GLA
Houston, Texas, September 25, 2012 - Whitestone REIT (NYSE: WSR - "Whitestone"), a fully integrated real estate company that owns, operates and re-develops Community Centered PropertiesTM, which are visibly located properties in established or developing culturally diverse neighborhoods, announced today that it has closed on the off-market purchase of Village Square at Dana Park, a 310,979 square foot Community Center located in the Mesa submarket of Phoenix, plus six developed pads (total of 2.9 acres) and the adjacent 4.7 acre parcel of development land to add another 200,000 square feet of leasable space, for $50.5 million, or $162 per square foot. The purchase price for the Center, which has in-place cash flow, was an all-cash, all-inclusive transaction, and represents a 45% discount to estimated replacement cost.
Village Square at Dana Park is an upscale open air "lifestyle" Community Center with service retail, retail, restaurants, and office mixed-use tenants spanning a total 61 acres, prominently located in Phoenix's Southeast Valley along Val Vista Drive between the Superstition Highway (Highway 60) and Baseline Road. The 71% leased Center currently houses 50 specialty boutique, dining and daily needs service tenants. The contemporary Main Street setting features expansive palm tree lined, cobblestone paved pedestrian walkways, and eight courtyard fountains with shaded seating areas. The Center was recently named the "Best Upscale Shopping Destination in Arizona" by officialbestof.com1. The tenant mix is a balance of national and small space mom and pop retail and office services targeting the local neighborhood, while drawing traffic from adjacent communities with convenient on/off access from the adjacent freeway. Over 254,000 cars per day pass by the Center, which is highly visible, with additional signage opportunities on State Route Highway 60.
The Center is comprised of 292,714 square feet of open-air retail and service shopping space, with a second-story office space venue of 18,265 square feet. Tenants occupying the Center include AJ's Fine Foods, Barnes & Noble, Z Gallerie, Anthropologie, Coldwater Creek, Jared Galleria of Jewelers, Chico's, California Pizza Kitchen, White House Black Market, Bath & Body Works, Talbots, Ann Taylor Loft, Five Guys Burgers and Fries, RA Sushi, Sauce, and Pei Wei.
"Village Square at Dana Park was acquired in an off-market transaction, and provides in-place cash flow with an upside value-add opportunity including: the lease-up of the current 89,505 square feet of built and vacant space, six pads that could be land leases or build-to-suits, and development of an adjacent land parcel fronting Superstition Highway 60 which could add another 126,000 square feet of space to the existing 310,979 total leasable area", said James C. Mastandrea, Whitestone's Chairman and Chief Executive Officer. "Further, because Village Square at Dana Park is in close proximity to our other Mesa/Gilbert area Community Center, Gilbert Tuscany Village, we expect to benefit from some economies of scale through our in-house management and leasing team." Mastandrea added, "Because of the internal strength and experience of Whitestone's team of associates, the acquisition of
Village Square at Dana Park was accomplished at an accelerated pace from contract to execution, through due diligence to closing in 30 days".
Whitestone now owns over one million square feet of lease space in the greater Phoenix area in twelve Community Centers, strategically located in high traffic neighborhoods, including Village Park at Dana Square. The other Centers include Ahwatukee Plaza, The Citadel, Desert Canyon, Fountain Square, Gilbert Tuscany Village, MarketPlace at Central, Paradise Plaza, Pima Norte, The Pinnacle of Scottsdale, The Shops at Pinnacle Peak, and Terravita Marketplace. All purchases were off market and priced at a discount to current replacement cost and have a value-add component. Each of these Community Centers is in a stabilized neighborhood with strong demographics, and provides essential services to support local communities.
About Village Square at Dana Park
Village Square at Dana Park is located on the northwest corner Baseline Road and Val Vista Drive at Superstition Highway 60 in Mesa, Arizona, with a traffic count of over 254,000 cars per day. The tenant mix targeting urban families is typical of Whitestone's Driving Traffic/Driving ValueTM approach with a cohesive cross-referral service business base. Currently 71% leased with 50 retail and retail service tenants, the Center is co-anchored by AJ's Grocery, Barnes & Noble, and Z Gallerie.
Whitestone REIT (NYSE:WSR) acquired Village Square at Dana Park for $50 Million. The 310,979 square foot Community Center is prominently located on the northwest corner of Baseline Road and Val Vista Drive at Highway 60 (also known as "Superstition Highway") in Mesa, Arizona. With this acquisition, Whitestone has now surpassed the 1,000 mark in the number of tenants housed within the Companies portfolio of Centers in Texas, Arizona, and Illinois. Visit www.whitestonereit.com for more information.
About Whitestone REIT
Whitestone REIT (NYSE:WSR) is a fully integrated real estate company that owns, operates and re-develops Community Centered PropertiesTM, which are visibly located properties in established or developing culturally diverse neighborhoods. Whitestone focuses on value-creation in its Centers, as it markets, leases and manages its Centers to match tenants with the shared needs of surrounding neighborhoods. Operations are structured for providing cost-effective service to local service-oriented smaller space tenants (less than 3,000 square feet). Whitestone has a diversified tenant base concentrated on consumer service including medical, education, and casual dining. The Company has over 1,000 tenants, the largest of which comprises less than 1.5% of Whitestone's rental revenues. Headquartered in Houston, Texas and founded in 1998, the Company is internally managed with a
portfolio of commercial properties in Texas, Arizona, and Illinois. For additional information about the Company, please visit www.whitestonereit.com. The Investor Relations section of the Company's website has links to Whitestone's filings with the Securities and Exchange Commission, news releases, financial reports and investor newsletters.
Whitestone REIT Acquisitions: Whitestone REIT purchases Community Centered Properties and has worked with banks and financially distressed commercial property owners with pending loan maturities, as well as their tax advisors, estate planners and lenders to close over $175 million in Community Centered Properties in the past 24 months.
Forward-Looking Statements: Statements included herein that state Whitestone's or management's intentions, hopes, beliefs, expectations or predictions of the future are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995, which by their nature, involve known and unknown risks and uncertainties. Whitestone's actual results, performance or achievements could differ materially from those expressed or implied by these statements. Reference is made to Whitestone's regulatory filings with the Securities and Exchange Commission for information or factors that may impact Whitestone's performance.
1
Named "Best Upscale Shopping Destination in Arizona" in 2009 by The "BEST OF" TV Show, produced by Media World USA. www.officialbestof.com.
| [
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"additional",
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"Company",
",",
"please",
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".",
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",",
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"REIT",
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"Reform",
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",",
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".",
"1",
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"\"",
"Best",
"Upscale",
"Shopping",
"Destination",
"in",
"Arizona",
"\"",
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"\"",
"BEST",
"OF",
"\"",
"TV",
"Show",
",",
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"USA",
".",
"www.officialbestof.com",
"."
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829323-000082932305000043-form991press | EX-99.1
4
form991press.htm
EXHIBIT 99.1 PRESS RELEASE
Exhibit 99.1
CGI Holding Corporation
closes its acquisition of PrimaryAds, a profitable and rapidlygrowing affiliate
marketing company
Company expects to meet, and
possibly exceed, its 2005 earnings guidance of $0.20 - $0.25 per share on a fully
diluted basis
NORTHBROOK, Ill.-(BUSINESS
WIRE)-April 25, 2005-In a move that will make CGI Holding Corporation d/b/a
Think Partnership Inc. (AMEX:
THK
-
News
; "Company") a major
player in the growing field of affiliate marketing, the Company today announced that it
has closed its acquisition of PrimaryAds Inc. ("PrimaryAds"). Located in North
Plainfield, New Jersey, PrimaryAds is a leading affiliate marketing network made up of
many online advertisers and publishers that focuses on the increasingly popular
cost-per-action model. Under this model, advertisers only pay PrimaryAds if a sale is made
or a lead is generated through their offers. As a result, advertisers can easily measure
their return on investment. Online publishers run these offers through the PrimaryAds
network for a portion of the fees paid by the advertisers.
As previously announced, the Company
has acquired all of the stock of PrimaryAds in exchange for approximately $10 million in
cash. The former shareholders of PrimaryAds can also earn up to $3 million in additional
cash and up to $13 million of common stock of the Company, contingent upon the aggregate
pre-tax income of PrimaryAds during the 36 months beginning July 1, 2005 achieving levels
ranging from $6.5 million to $20 million. The Company also issued to stockholders and
employees of PrimaryAds warrants to purchase a total of 146,000 shares of common stock of
the Company. The merger is expected to be immediately accretive to the earnings of CGI
Holding Corporation.
Gerard M. Jacobs, the Company's
CEO, stated, "This important acquisition justifies the size of Think
Partnership's $15.05 million private placement of common stock last December.
PrimaryAds earned $921,635 pre-tax during the first quarter of 2005, and is rapidly
growing. We expect THK to meet, and possibly exceed, our 2005 earnings guidance of $0.20
- $0.25 per share, after taxes, on a fully diluted basis. We expect that the
shareholders of PrimaryAds will earn most, if not all, of the $16 million earnout portion
of the merger consideration".
Jacobs continued, "We are
extremely impressed by Ken Harlan and his team at PrimaryAds. They are smart,
customer-oriented, and ethical. They are our kind of people. We are excited to have them
as new partners as we continue to build Think Partnership as a collaborative partnership
of profitable, entrepreneur-led companies with expertise in online advertising, marketing
and communications".
Scott Mitchell, the CEO of the
Company's Cherish subsidiary, stated, "The
addition of affiliate
marketing to Think Partnership was one of our
primary expansion targets for 2005.
The acquisition of PrimaryAds, combined with our acquisition of KowaBunga! Marketing, Inc.
on March 14, makes Think Partnership a leader in the affiliate marketing field, which
continues to be one of the fastest growing revenue sources for companies of all sizes.
We expect to announce more acquisitions during 2005 that will further expand our online
advertising and marketing presence".
Steven "Pat" Martin, the
CEO of the Company's WebSourced subsidiary, added, "PrimaryAds increases our
growing constellation of Internet marketing firms. While KowaBunga! has developed software
that allows companies to track the success of their affiliate marketing campaigns,
PrimaryAds conducts those campaigns through an extensive network that brings together
Internet publishers with Internet advertisers. Together, the two companies enable Think
Partnership to offer our clients a total affiliate marketing solution".
Ken Harlan, the President of
PrimaryAds, stated, "After carefully considering all of the many options available to
us, we are delighted to join Think Partnership Inc. This merger will allow our business to
continue its rapid growth without any disruptions. Plus, we will take advantage of the
assets and synergies that the other Think partners offer. Our access to the New York
advertising community and our national relationships within the online marketing community
will broaden THK's footprint significantly".
The Company has begun doing business
under the name "Think Partnership Inc." and will seek formal shareholder
approval to change its legal name to Think Partnership Inc. in June 2005. The Company is
based in Northbrook, Ill. (see
www.cgiholding.com
) and currently has eight
subsidiaries: WebSourced, Inc., Morrisville, N.C., a leader in search engine optimization
and pay-per-click campaign management (see
www.websourced.com
and
www.keywordranking.com
); MarketSmart Advertising, Inc., Rightstuff, Inc. d/b/a
Bright Idea Studios, and Checkup Marketing, Inc., Raleigh, N.C., providing world-class
off-line advertising, public relations, marketing, branding and shopping evaluation
services (see
www.marketsmart.net
,
www.brightideastudios.com
and
www.checkupmarketing.com); Cherish, Inc., Clearwater, Fla., a leading online dating
company (see
www.cherish.com
); Ozona Online Network, Inc., Clearwater, Fla.,
providing a comprehensive scope of online services including start to finish web design,
custom web based applications, database systems, managed and shared hosting solutions,
e-commerce, and high-speed business Internet access (see
www.ozline.net
);
KowaBunga! Marketing, Inc., Westland, Mich., providing Internet marketing software
technologies, including software for affiliate marketing, search engine marketing and
opt-in email marketing (see
www.kowabunga.com
); and PrimaryAds Inc., North
Plainfield, NJ, a leading provider of affiliate marketing services that connects website
publishers with online advertisers (see
www.PrimaryAds.com
). The Company has also
entered into an agreement to merge with privately-held Meandaur, Inc. d/b/a Proceed
Interactive, a full service marketing and communications agency with a core competency in
search marketing, which has offices in Chicago, Ill., Dallas, Texas and Los Angeles,
Calif. (see
www.proceedinteractive.com
); and has signed letters of intent to
acquire: Vintacom Media Group Inc., Edmonton, Alberta Canada, a leading online dating
company (see
www.Vintacom.com
); and Real Estate School Online Inc., Miami, FL, a
leader in online education (see
www.RealEstateSchoolOnline.com
).
Statements made in this press release
that express the Company's or management's intentions, plans, beliefs,
expectations or predictions of future events, are forward-looking statements. The words
"believe", "expect", "intend", "estimate",
"anticipate", "will" and similar expressions are intended to further
identify such forward-looking statements, although not all forward-looking statements
contain these identifying words. Those statements are based on many assumptions and are
subject to many known and unknown risks, uncertainties and other factors that could cause
the Company's actual activities, results or performance to differ materially from
those anticipated or projected in such forward-looking statements. For a discussion of
these risks, see the Company's report on Form 10-KSB for the year ended December 31,
2004 under the section headed "Management's Discussion and Analysis of Financial
Condition and Results of Operations - Risk Factors." The Company cannot
guarantee future financial results, levels of activity, performance or achievements; and
investors should not place undue reliance on the Company's forward-looking
statements. The forward-looking statements contained herein represent the judgment of the
Company as of the date of this press release, and the Company expressly disclaims any
intent, obligation or undertaking to update or revise such forward-looking statements to
reflect any change in the Company's expectations with regard thereto or any change in
events, conditions or circumstances on which any such statements are based.
Contact:
For
CGI Holding Corporation:
WordSmith Communications
Glenna Musante, 800-849-2118, Ext. 126;
[email protected]
| [
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"the",
"name",
"\"",
"Think",
"Partnership",
"Inc",
".",
"\"",
"and",
"will",
"seek",
"formal",
"shareholder",
"approval",
"to",
"change",
"its",
"legal",
"name",
"to",
"Think",
"Partnership",
"Inc",
".",
"in",
"June",
"2005",
".",
"The",
"Company",
"is",
"based",
"in",
"Northbrook",
",",
"Ill",
".",
"(",
"see",
"www.cgiholding.com",
")",
"and",
"currently",
"has",
"eight",
"subsidiaries",
":",
"WebSourced",
",",
"Inc",
".",
",",
"Morrisville",
",",
"N",
".",
"C",
".",
",",
"a",
"leader",
"in",
"search",
"engine",
"optimization",
"and",
"pay",
"-",
"per",
"-",
"click",
"campaign",
"management",
"(",
"see",
"www.websourced.com",
"and",
"www.keywordranking.com",
")",
";",
"MarketSmart",
"Advertising",
",",
"Inc",
".",
",",
"Rightstuff",
",",
"Inc",
".",
"d",
"/",
"b",
"/",
"a",
"Bright",
"Idea",
"Studios",
",",
"and",
"Checkup",
"Marketing",
",",
"Inc",
".",
",",
"Raleigh",
",",
"N",
".",
"C",
".",
",",
"providing",
"world",
"-",
"class",
"off",
"-",
"line",
"advertising",
",",
"public",
"relations",
",",
"marketing",
",",
"branding",
"and",
"shopping",
"evaluation",
"services",
"(",
"see",
"www.marketsmart.net",
",",
"www.brightideastudios.com",
"and",
"www.checkupmarketing.com",
")",
";",
"Cherish",
",",
"Inc",
".",
",",
"Clearwater",
",",
"Fla",
".",
",",
"a",
"leading",
"online",
"dating",
"company",
"(",
"see",
"www.cherish.com",
")",
";",
"Ozona",
"Online",
"Network",
",",
"Inc",
".",
",",
"Clearwater",
",",
"Fla",
".",
",",
"providing",
"a",
"comprehensive",
"scope",
"of",
"online",
"services",
"including",
"start",
"to",
"finish",
"web",
"design",
",",
"custom",
"web",
"based",
"applications",
",",
"database",
"systems",
",",
"managed",
"and",
"shared",
"hosting",
"solutions",
",",
"e",
"-",
"commerce",
",",
"and",
"high",
"-",
"speed",
"business",
"Internet",
"access",
"(",
"see",
"www.ozline.net",
")",
";",
"KowaBunga",
"!",
"Marketing",
",",
"Inc",
".",
",",
"Westland",
",",
"Mich",
".",
",",
"providing",
"Internet",
"marketing",
"software",
"technologies",
",",
"including",
"software",
"for",
"affiliate",
"marketing",
",",
"search",
"engine",
"marketing",
"and",
"opt",
"-",
"in",
"email",
"marketing",
"(",
"see",
"www.kowabunga.com",
")",
";",
"and",
"PrimaryAds",
"Inc",
".",
",",
"North",
"Plainfield",
",",
"NJ",
",",
"a",
"leading",
"provider",
"of",
"affiliate",
"marketing",
"services",
"that",
"connects",
"website",
"publishers",
"with",
"online",
"advertisers",
"(",
"see",
"www.PrimaryAds.com",
")",
".",
"The",
"Company",
"has",
"also",
"entered",
"into",
"an",
"agreement",
"to",
"merge",
"with",
"privately",
"-",
"held",
"Meandaur",
",",
"Inc",
".",
"d",
"/",
"b",
"/",
"a",
"Proceed",
"Interactive",
",",
"a",
"full",
"service",
"marketing",
"and",
"communications",
"agency",
"with",
"a",
"core",
"competency",
"in",
"search",
"marketing",
",",
"which",
"has",
"offices",
"in",
"Chicago",
",",
"Ill",
".",
",",
"Dallas",
",",
"Texas",
"and",
"Los",
"Angeles",
",",
"Calif",
".",
"(",
"see",
"www.proceedinteractive.com",
")",
";",
"and",
"has",
"signed",
"letters",
"of",
"intent",
"to",
"acquire",
":",
"Vintacom",
"Media",
"Group",
"Inc",
".",
",",
"Edmonton",
",",
"Alberta",
"Canada",
",",
"a",
"leading",
"online",
"dating",
"company",
"(",
"see",
"www.Vintacom.com",
")",
";",
"and",
"Real",
"Estate",
"School",
"Online",
"Inc",
".",
",",
"Miami",
",",
"FL",
",",
"a",
"leader",
"in",
"online",
"education",
"(",
"see",
"www.RealEstateSchoolOnline.com",
")",
".",
"Statements",
"made",
"in",
"this",
"press",
"release",
"that",
"express",
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"or",
"management",
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",",
"plans",
",",
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",",
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",",
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"-",
"looking",
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".",
"The",
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"\"",
"believe",
"\"",
",",
"\"",
"expect",
"\"",
",",
"\"",
"intend",
"\"",
",",
"\"",
"estimate",
"\"",
",",
"\"",
"anticipate",
"\"",
",",
"\"",
"will",
"\"",
"and",
"similar",
"expressions",
"are",
"intended",
"to",
"further",
"identify",
"such",
"forward",
"-",
"looking",
"statements",
",",
"although",
"not",
"all",
"forward",
"-",
"looking",
"statements",
"contain",
"these",
"identifying",
"words",
".",
"Those",
"statements",
"are",
"based",
"on",
"many",
"assumptions",
"and",
"are",
"subject",
"to",
"many",
"known",
"and",
"unknown",
"risks",
",",
"uncertainties",
"and",
"other",
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",",
"results",
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"anticipated",
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"projected",
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"forward",
"-",
"looking",
"statements",
".",
"For",
"a",
"discussion",
"of",
"these",
"risks",
",",
"see",
"the",
"Company",
"'s",
"report",
"on",
"Form",
"10",
"-",
"KSB",
"for",
"the",
"year",
"ended",
"December",
"31",
",",
"2004",
"under",
"the",
"section",
"headed",
"\"",
"Management",
"'s",
"Discussion",
"and",
"Analysis",
"of",
"Financial",
"Condition",
"and",
"Results",
"of",
"Operations",
"-",
"Risk",
"Factors",
".",
"\"",
"The",
"Company",
"can",
"not",
"guarantee",
"future",
"financial",
"results",
",",
"levels",
"of",
"activity",
",",
"performance",
"or",
"achievements",
";",
"and",
"investors",
"should",
"not",
"place",
"undue",
"reliance",
"on",
"the",
"Company",
"'",
"s",
"forward",
"-",
"looking",
"statements",
".",
"The",
"forward",
"-",
"looking",
"statements",
"contained",
"herein",
"represent",
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"judgment",
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"the",
"Company",
"as",
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"the",
"date",
"of",
"this",
"press",
"release",
",",
"and",
"the",
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"expressly",
"disclaims",
"any",
"intent",
",",
"obligation",
"or",
"undertaking",
"to",
"update",
"or",
"revise",
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"forward",
"-",
"looking",
"statements",
"to",
"reflect",
"any",
"change",
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"the",
"Company",
"'s",
"expectations",
"with",
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"thereto",
"or",
"any",
"change",
"in",
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",",
"conditions",
"or",
"circumstances",
"on",
"which",
"any",
"such",
"statements",
"are",
"based",
".",
"Contact",
":",
"For",
"CGI",
"Holding",
"Corporation",
":",
"WordSmith",
"Communications",
"Glenna",
"Musante",
",",
"800",
"-",
"849",
"-",
"2118",
",",
"Ext",
".",
"126",
";",
"[email protected]"
] | [
"O",
"O",
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935007-000119312505138044-dex991 | EX-99.1
3
dex991.htm
PRESS RELEASE
Press Release
Exhibit 99.1
Contact:
Paula Taylor
Corporate Services
(972) 420-8221
HORIZON HEALTH
ANNOUNCES COMPLETION OF
FRIENDS HOSPITAL TRANSACTION
LEWISVILLE, Texas (July 1, 2005) - Horizon Health Corporation (NASDAQ/NM:HORC) today announced today that it consummated its previously
announced transaction involving the formation of a joint venture with Friends Hospital, a 501(c)(3) charitable organization and the acquisition by that joint venture of Friends Hospital located in Philadelphia, Pennsylvania. Horizon is an 80% member
of the joint venture and Friends, which has changed its name to the Thomas Scattergood Behavioral Health Foundation, is a 20% member of the joint venture. In the transaction, the joint venture leased the hospital facility on a 40 year prepaid basis.
Friends Hospital, founded in 1813, consists of a 192-bed
behavioral health hospital and a 26-bed adult residential treatment center. The hospital provides inpatient and outpatient behavioral health services primarily for residents of Philadelphia, Southeastern Pennsylvania and New Jersey. For the fiscal
year ended June 30, 2004, Friends Hospital had revenues of approximately $35.4 million and for the six months ended December 31, 2004, revenues of approximately $18.7 million.
Ken Newman, Chairman and Chief Executive Officer of Horizon, stated, "We are very pleased that Horizon was able to work
with Friends to structure and complete this transaction. We consider Friends Hospital a unique behavioral health institution. We believe we have the opportunity to significantly improve and expand the clinical services Friends Hospital provides to
the communities it serves while at the same time, as a result of the transaction, allowing the Foundation to separately continue its charitable mission".
Horizon Health Corporation is a leading contract manager of clinical services for acute care hospitals and employers and an owner of behavioral health
care facilities.
The statements contained herein based on
future expectations rather than on historical facts are forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Factors that could cause actual results to
differ materially from those in any such forward-looking statements include, but are not limited to, the ability to satisfy the conditions precedent to the Friends Hospital transaction, the ability to consummate additional acquisitions, the ability
to integrate the existing operations of Friends Hospital and other acquired hospitals on a cost-effective basis, adverse changes in reimbursement to psychiatric hospitals by federal and state health care programs and other third-party payors and
various other risks as outlined in Horizon's Securities and Exchange Commission filings. There can be no assurance that statements made in this press release relating to future events will be achieved. The Company undertakes no obligation to
update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time.
-END-
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792130-000153442413000374-ex99-1 | EX-99.1
4
ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
DATAWATCH COMPLETES ACQUISITION OF PANOPTICON
Acquisition Provides Datawatch Customers Real-time Visual
Data Discovery Against the
Largest Variety of Data Sources
Chelmsford, Mass.-August 28, 2013-
Datawatch Corporation
(NASDAQ-CM: DWCH), the leading global provider of information optimization solutions, today completed its acquisition of Panopticon
Software AB, a privately held company based in Stockholm, Sweden and an industry leader in real-time visual data discovery solutions.
Former Panopticon shareholders will receive Datawatch shares representing up to 23.6% of the total Datawatch shares outstanding
following the closing of the transaction, determined on an adjusted basis. Panopticon is now a direct, wholly-owned subsidiary
of Datawatch.
"The Datawatch/Panopticon combination is a great fit strategically
and culturally", said Michael A. Morrison, president and chief executive officer of Datawatch. "Bringing together the
leaders in information optimization and real-time visual data discovery will empower our customers to optimize the value of virtually
any data, and now do it at the speed their businesses operate - even if that means in real-time.
"We've brought together two teams that share the same passion
for innovation and commitment to customer success. We've added another 25 industry veterans to an already very strong Datawatch
team - further solidifying our position as the experts in delivering transformative business value to our customers".
The Panopticon acquisition builds on the proven strength of Datawatch Enterprise
Server and Datawatch Monarch Professional. Panopticon extends the Datawatch solution to address business users' ubiquitous
needs to understand and extract value from their data through a rich, visual data discovery experience. With Panopticon, customers
get a strong, self-service solution to explore, discover and visualize any variety of data, in real-time.
Panopticon is a leader in visual data discovery for its innovative
real-time technology. The company's in-memory, high speed solution has a proven track record in capital markets, telecommunications,
energy and other industries that rely on real-time visual discovery and analytics. Panopticon has also been recognized by industry
and analyst organizations for being a technical and thought leader in the marketplace, including being recently named as a "Cool
Vendor" in the
Cool Vendors for In-Memory Computing 2013
report by Gartner, Inc.
ABOUT DATAWATCH CORPORATION
Datawatch Corporation (NASDAQ-CM: DWCH) is a leader in providing information optimization
products and solutions that allow organizations to deliver the greatest data variety possible into their big data and analytic
applications. Datawatch provides organizations the ability to integrate structured, unstructured, and semi-structured sources like
reports, PDF files, and EDI streams into these applications to provide a 360 degree perspective of the issues and opportunities
that exist in their businesses. More than 40,000 organizations worldwide use Datawatch's products and services, including
99 of the Fortune 100, and businesses of every type can benefit from the power and flexibility of Datawatch's industry leading
solutions. Datawatch is headquartered in
Chelmsford, Massachusetts with offices in London, Munich, Singapore, Sydney and Manila,
and with partners and customers in more than 100 countries worldwide. For more information, visit www.datawatch.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Any statements
contained in this press release that do not describe historical facts may constitute forward-looking statements as that term is
defined in the Private Securities Litigation Reform Act of 1995. Any such statements, including but not limited to those relating
to results of operations, contained herein are based on current expectations, but are subject to a number of risks and uncertainties
that may cause actual results to differ materially from expectations. The factors that could cause actual future results to differ
materially from current expectations include the following: risks associated with the continuing weak global economy; risks associated
with fluctuations in quarterly operating results due, among other factors, to the size and timing of large customer orders; risks
associated with acquisitions, including the recent acquisition of intellectual property from Math Strategies and the acquisition
of Panopticon; the volatility of Datawatch's stock price; limitations on the effectiveness of internal controls; rapid technological
change; Datawatch's dependence on the introduction of new products and possible delays in those introductions; competition
in the software industry generally, and in the markets for information optimization in particular; Datawatch's dependence on its
principal products, proprietary software technology and software licensed from third parties; risks associated with international
sales and operations; risks associated with indirect distribution channels; the adequacy of Datawatch's sales returns reserve;
risks associated with a subscription sales model; Datawatch's dependence on its ability to hire and retain skilled personnel;
disruption or failure of Datawatch's technology systems that may result from a natural disaster, cyber-attack or other catastrophic
event; and uncertainty and additional costs that may result from evolving regulation of corporate governance and public disclosure.
Further information on factors that could cause actual results to differ from those anticipated is detailed in various publicly-available
documents, which include, but are not limited to, filings made by Datawatch from time to time with the Securities and Exchange
Commission, including but not limited to, those appearing in the Company's Annual Report on Form 10-K for the year ended September
30, 2012, Form 10-Q for the quarters ended December 31, 2012, March 31, 2013 and June 30, 2013, and
Definitive Proxy Statement on Schedule 14A filed with the SEC
on August 5, 2013. Any forward-looking statements should be considered in light of those factors.
# # #
Investor Contact:
Datawatch Investor Relations
[email protected]
Phone: (978) 441-2200 ext. 8323
Media Contact:
Sarah Bernardi
Datawatch Corporation
[email protected]
Phone: (978) 441-2200 ext. 8387
Twitter:
@datawatch
© 2013 Datawatch Corporation. Datawatch, Monarch and their respective
logos are trademarks or registered trademarks of Datawatch Corporation in the United States and/or other countries. All other names
are trademarks or registered trademarks of their respective companies.
| [
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1389067-000147793214005163-rdsh_ex991 | EX-99.1
4
rdsh_ex991.htm
PRESS RELEASE
rdsh_ex991.htm
EXHIBIT 99.1
ROADSHIPS HOLDINGS ACQUIRES PEOBI
TO ADD COMMUNICATIONS EFFICIENCY
Roadships Holdings, Inc. (OTC-PINK: RDSH) today announced that it has acquired the software and architecture for a mobile app that expedites the paperless exchange of business information ("PEOBI"). Created by Luke Kestle, PEOBI is in the final stages of development and has not yet been commercially distributed.
Roadships has established a dedicated IT department office at Mermaid Beach, Gold Coast, Australia and has recruited a number of Bond University graduating students to work with Mr. Kestle to complete development of PEOBI.
The transport industry is heavily reliant on the efficient flow of paperwork and communications, with a number of companies having already either adopted the use of apps or developed their own. Roadships intends to utilize PEOBI specifically for the transport industry to more efficiently facilitate the exchange of its business information.
"We have been following other local and international transport operations and seen how they have aggressively positioned IT as part of their core business operations", said Micheal Nugent, CEO of Roadships. "The acquisition of PEOBI is a first step for us to address this in our business".
# # #
About Roadships Holdings Inc.
Roadships Holdings, Inc. (OTC-PINK: RDSH) is an emerging growth company in the short-sea and ground freight industry sectors operating through its wholly owned subsidiaries in the United States and Australia.
Safe Harbor Statement
Statements made in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Risk factors that could cause actual results to differ materially from those projected in forward-looking statements include, but are not limited to, general business conditions, managing growth, and political and other business risks. All forward-looking statements are expressly qualified in their entirety by this paragraph and the risks and other factors detailed in Roadships's reports filed with the Securities and Exchange Commission. Roadships undertakes no duty to update these forward-looking statements.
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1088005-000122150805000044-prexhibit993 | EX-99.3
12
prexhibit993.htm
EXHIBIT 99.3
Exhibit 99.3
Exhibit 99.3
SE Global Equities Corp.
PO Box 297, 1142 S. Diamond Bar Blvd
Diamond Bar, CA 91765
United States of America
OTCBB: SEGB
SE Global Stockholders Approve Acquisition with China
Interactive Marketing and Media Group to Form Sun New Media, Inc.
Sept 14
th
, 2005.
DIAMOND BAR, Calif., Sept. 14, 2005 (PRIMEZONE) -- SE Global Equities Corp.
(OTC BB:SEGB.OB
- News)
("SEG") reports that the company's shareholders voted on Sept. 12th in an
EGM (extraordinary general meeting) to proceed with the acquisition of all the
shares of Sun New Media Group (SNMG) from Chinese media group Sun Media
Investment Holdings Ltd (SMIH), under a share purchase agreement as previously
set-forth in a press release issued on August 10th, 2005. The transaction, when
completed, will leave SMIH and related parties as the majority owner of the
company with 86% of the issued and outstanding shares of common stock on a
non-diluted basis and 85% on a fully diluted basis.
In accordance with the share purchase agreement, SEG will change its name to
Sun New Media, Inc. undergo a 1 share for 2 shares (1:2) reverse split, and
issue 55 million post-consolidated shares to SMIH and related parties in
exchange for 100% ownership of SNMG. SMIH will also guarantee a profit of no
less then US $3 million within the next fiscal year. Any short fall on the net
income will be assumed and compensated by SMIH.
The company will issue an announcement regarding the new trading symbol, and
the date for the reverse stock split and closing of the share purchase agreement
and related transactions upon notification by NASDAQ. SEG will then begin to
trade under its new name and on a consolidated basis on the same date under the
new symbol on the OTCBB and have the new CUSIP number 86681W 10 4.
The acquisition of SNMG brings two key sets of assets under the control of
SEG, potentially increasing value for current shareholders and diversifying
sources of income for the company. First, SNMG controls Compass Multi-Media Inc,
an innovative online interactive marketer, which targets corporate
communications, product promotion and consumer online publishing sectors in
China. Second, SNM holds the program distribution and licensing rights to all
the television programs produced and owned by SMIH and certain subsidiaries. The
program distribution rights include a number of highly popular television
programs aired in China such as Yang Lan One on One, C'est La Vie Daily, 66
Places of a Lifetime, and Olympics & Me, many of which feature leading
Chinese television personality Ms. Yang Lan.
Building from these core assets, the company will pursue a focused strategy
of becoming the leading integrated, interactive marketing and communications
company serving affluent consumers and leading corporations in China. To reflect
its new direction, the company will henceforth be known as "Sun New Media
Inc." (SNM). By providing innovative services and technologies supported by
outstanding management, SNM aims to secure a major share of the multimedia
market in China, which is expected to become the largest sector in the Chinese
economy by 2010, exceeding aggregate revenues of RMB 1500 Billion (1) (US $181
Billion).
To oversee the new company's growth strategy, the shareholders also voted to
elect as directors on close of the acquisition three associates of SMIH: Dr.
Bruno Wu; Chauncey Shey; and John Li. The management team includes prominent
serial investors and insiders from the media and IT fields in China. SNM's
Chairman Dr. Bruno Wu, is Chairman of Sun Media Investment Holdings Ltd., and
former Chairman of Sina Corporation (NasdaqNM:SINA
- News),
and former Chief Operating Officer of Hong Kong's ATV. SNM's Vice-Chairman is
Chauncey Shey, CEO and President of Softbank Venture Capital China, and
Co-Founder and former EVP of UT Starcom. SNM Director, John Li is currently the
President of Sun New Media Group and previous to that he worked for 10 years
with Framlington Funds, where he served as a senior Fund Manager and the Head of
the Asia Pacific region.
SNM Chief Financial Officer and Corporate Secretary, Fendi Cheung has more
than 10 years experience in senior financial positions in listed companies in
the Greater China region.
SNM Chairman, Dr. Bruno Wu, commented: "We have a strategic vision of what
this company can achieve in the multimedia market in China, and the skills and
experience to achieve that goal. We thank our shareholders for their confidence
in us, and believe the company is set on the path to new levels of success".
About Sun Media
Sun Media Investment Limited is an investment group focusing on growth
opportunities in media markets in Asia, particularly Greater China. SMIH works
to add value by creating and sustaining branded content platforms, which it can
leverage across many different forms of media. Today, SMIH is one of the largest
privately owned media groups in China in terms of net assets value and
profitability. SMIH has activities in six strategic areas: television, news
media, publishing, education, advertising and sports. In all, SMIH has direct
interests in 11 media companies, through which it holds shares in more than 30
media operations, controlling no less than 60 media brands in 9 countries and 15
cities. To view a recent corporate video on Sun Media Investment Holdings visit:
http://www.cag-global.com/newflash/sun.html.
For more information on Sun New Media, Inc. please visit the company's new
website at http://www.sunnewmedia.com,
which will be launched in the coming days.
SE Global Equities Corp.
"Toby Chu"
Toby Chu
Chairman & C.E.O.
This press release includes statements that may constitute
"forward-looking" statements, usually containing the word "believe,"
"estimate", "project", "expect" "plan" "anticipate" or similar
expressions. Forward-looking statements inherently involve risks and
uncertainties that could cause actual results to differ materially from the
forward-looking statements. Factors that would cause or contribute to such
differences include, but are not limited to, continued acceptance of the
Company's product and services in the marketplace, competitive factors, changes
in regulatory environments, and other risks detailed in the Company's periodic
report filings with the Securities and Exchange Commission. By making these
forward-looking statements, the Company disclaims any obligation to update these
statements for revisions or changes after the date of this release.
Contact:
SE Global Equities
Corp.
Ivestor Relations
Contact:
Mr. James Neil
N. America Toll Free:
1-888-865-0901 Ext.322
Email:
[email protected]
-2-
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",",
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",",
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"-",
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",",
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",",
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"-",
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".",
"SNM",
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",",
"John",
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",",
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"the",
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".",
"SNM",
"Chief",
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",",
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".",
"SNM",
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",",
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".",
"Bruno",
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",",
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"\"",
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"achieve",
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",",
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"the",
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".",
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",",
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"Sun",
"Media",
"Investment",
"Limited",
"is",
"an",
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"group",
"focusing",
"on",
"growth",
"opportunities",
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"media",
"markets",
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",",
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".",
"SMIH",
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",",
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",",
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",",
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",",
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",",
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"less",
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"60",
"media",
"brands",
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"countries",
"and",
"15",
"cities",
".",
"To",
"view",
"a",
"recent",
"corporate",
"video",
"on",
"Sun",
"Media",
"Investment",
"Holdings",
"visit",
":",
"http://www.cag-global.com/newflash/sun.html",
".",
"For",
"more",
"information",
"on",
"Sun",
"New",
"Media",
",",
"Inc",
".",
"please",
"visit",
"the",
"company",
"'",
"s",
"new",
"website",
"at",
"http://www.sunnewmedia.com",
",",
"which",
"will",
"be",
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"in",
"the",
"coming",
"days",
".",
"SE",
"Global",
"Equities",
"Corp",
".",
"\"",
"Toby",
"Chu",
"\"",
"Toby",
"Chu",
"Chairman",
"&",
"C",
".",
"E",
".",
"O",
".",
"This",
"press",
"release",
"includes",
"statements",
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"may",
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"\"",
"forward",
"-",
"looking",
"\"",
"statements",
",",
"usually",
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"\"",
"estimate",
"\"",
",",
"\"",
"project",
"\"",
",",
"\"",
"expect",
"\"",
"\"",
"plan",
"\"",
"\"",
"anticipate",
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".",
"Forward",
"-",
"looking",
"statements",
"inherently",
"involve",
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"uncertainties",
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"could",
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"actual",
"results",
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"-",
"looking",
"statements",
".",
"Factors",
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"would",
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"By",
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"-",
"looking",
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",",
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"changes",
"after",
"the",
"date",
"of",
"this",
"release",
".",
"Contact",
":",
"SE",
"Global",
"Equities",
"Corp",
".",
"Ivestor",
"Relations",
"Contact",
":",
"Mr",
".",
"James",
"Neil",
"N",
".",
"America",
"Toll",
"Free",
":",
"1",
"-",
"888",
"-",
"865",
"-",
"0901",
"Ext",
".",
"322",
"Email",
":",
"[email protected]",
"-",
"2",
"-"
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"O",
"O",
"O",
"O",
"O",
"O",
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"O",
"O",
"O",
"O",
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] |
4317-000103883804001104-ex9901form8k112404 | EX-99.01
4
ex9901form8k112404.txt
PRESS RELEASE DATED NOVEMBER 30, 2004
Exhibit 99.01
SENTO CLOSES ACQUISITION OF XTRASOURCE
- Integration of U.S. and European operations underway -
AMERICAN FORK, Utah, November 30, 2004 - Sento Corporation (Nasdaq: SNTO), a
leading provider of integrated, multi-channel customer support, announced today
that it has completed its previously announced acquisition of the operating
assets of Xtrasource, Inc., an advanced contact solution provider. Xtrasource
has operations in Raleigh, North Carolina, Enschede, The Netherlands, and Metz,
France.
The transaction included the purchase of the assets and assumption of certain
liabilities of Xtrasource (approximately $500,000 in net liabilities, as
expected) as well as the acquisition of all the stock in its wholly-owned
European operations. In line with its plan, Sento has completed the acquisition
from a third party of the senior secured debt of Xtrasource, reached settlement
agreements with several unsecured creditors, and is using the cash and accounts
receivable (as collected) of Xtrasource to payoff the majority of the secured
and unsecured liabilities as such have been or will be renegotiated.
Patrick F. O'Neal, President and CEO of Sento, commented, "We are pleased to
have completed this important transaction and are proceeding rapidly with our
integration plan. In the U.S., we have added a significant number of staff in
the Xtrasource Raleigh contact center in response to a current Sento customer's
expansion requirements. We are already recognizing revenue and have improved
that center's capacity utilization. The Xtrasource acquisition also gives us an
established capability in Europe. I returned from my recent visit to France and
The Netherlands impressed with the people, processes and business being done
there. In addition, our senior management teams from both Europe and the U.S.
have completed an offsite planning session, which reconfirmed the similarities
of our business philosophies and cultures and identified shared objectives and
goals."
Mr. O'Neal concluded, "We have combined two companies that are highly
complementary, enhanced our staff with tenured professionals, added important
customers, and extended our global footprint. We are now energetically pursuing
opportunities for growth, synergy and exceptional customer service as Sento
builds value through this accretive transaction".
SENTO PROFILE
Sento Corporation (www.sento.com), has emerged as a leading provider of
outsourced customer care and sales support services, managing customer
relationships for a growing number of high-profile companies across multiple
industries. Through Sento's Customer Choice PlatformSM, an integrated suite of
multi-channel CRM technologies, customers are right channeled, that is, given a
choice of self-service and assisted-service options--via web, e-mail, chat, and
phone, for increased customer satisfaction with dramatic cost savings to Sento's
clients. Sento provides support in 17 languages from three states in the U.S.,
from Enschede in The Netherlands and from Metz, France.
FORWARD LOOKING STATEMENTS
Statements in this press release, which are not purely historical, are
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Such statements encompass Sento's beliefs,
expectations, hopes or intentions regarding future events. Words such as
"expects", "intends", "believes", "anticipates", "should" and "likely" also
identify forward-looking statements. All forward-looking statements included in
this release are made as of the date hereof and are based on information
available to Sento as of such date. Sento assumes no obligation to update any
forward-looking statement. Actual results could differ materially from those
anticipated for a number of reasons, including, among others: difficulties
encountered in post-acquisition integration and operation of the acquired assets
including retaining existing clients of the acquired company, the Company's
stock price has historically been volatile; variations in market and economic
conditions; the effect on the Company's earnings of the repricing of options;
the Company's dependence on its limited number of key clients; reduction in
services requested by the Company's clients resulting in lower revenues for the
Company; the Company's ability to complete negotiations and execute client
agreements; risk of emergency interruption of the Customer Contact Solutions
operations; and other unanticipated factors. Risk factors, cautionary statements
and other conditions, which could cause actual results to differ from the
Company's current expectations, are contained in the Company's filings with the
Securities and Exchange Commission, including the Company's Annual Report on
Form 10-KSB, as amended.
Contact:
Patrick F. O'Neal, CEO, Sento at 801-772-1417 or [email protected]
Anthony Sansone, CFO, Sento at 801-772-1410 or [email protected]
Or, for brokers and financial industry members, Laurie S. Roop, President,
Shareholder Relations at 435-652-3884 or [email protected]
###
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"looking",
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".",
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"-",
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"F",
".",
"O'Neal",
",",
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",",
"Sento",
"at",
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"-",
"772",
"-",
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"Anthony",
"Sansone",
",",
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"at",
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"-",
"772",
"-",
"1410",
"or",
"[email protected]",
"Or",
",",
"for",
"brokers",
"and",
"financial",
"industry",
"members",
",",
"Laurie",
"S",
".",
"Roop",
",",
"President",
",",
"Shareholder",
"Relations",
"at",
"435",
"-",
"652",
"-",
"3884",
"or",
"[email protected]",
"#",
"#",
"#"
] | [
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"O",
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"O",
"O",
"O",
"O",
"O",
"B-Parties.BUYING_COMPANY",
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"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"B-Parties.BUYING_COMPANY",
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"O",
"O",
"O",
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"O",
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"O",
"O",
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"O",
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"O",
"O",
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"O",
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"O",
"O",
"O",
"O",
"B-Parties.ACQUIRED_COMPANY",
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"O",
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"O",
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