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1316710-000129993306000294-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 $34.1 Million Acquisition
Washington, D.C., January 13, 2006 - Columbia Equity Trust, Inc. (NYSE: COE) announced today
that it acquired 1025 Vermont Avenue in Washington, D.C. for a purchase price of $34.1 million.
Originally constructed in 1963 and renovated in 1987 and 2004, 1025 Vermont Avenue is a
twelve-story, approximately 115,000 square foot, multi-tenant office building located in
Washington's East End. The building is within a half-block of McPherson Square and walking distance
to three Metrorail subway stations. 1025 Vermont Avenue is currently 97% leased to 27 tenants.
1025 Vermont Avenue is expected to generate a first-year net operating income-to-purchase
price return (cash basis) of approximately 6.7%. In conjunction with the acquisition, Columbia
assumed an existing financing in the amount of $19.0 million at a fixed interest rate of 4.91%
which matures in January 2010. The balance of the acquisition was funded with proceeds from the
Company's revolving credit facility.
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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rrd246772_28881.htm
FIRST STATE BANCORPORATION PRESS RELEASE DATED JUNE 26, 2009
First State Bancorporation ("First State") (NASDAQ:FSNM) today announced that it has reached a definitive agreement to sell its Colorado operations to Great Western Bank, a South Dakota subsidiary of National Australia Bank
H. Patrick Dee
Chief Operating Officer
(505) 241-7102
Christopher C. Spencer
Chief Financial Officer
(505) 241-7154
NEWS RELEASE
FIRST STATE BANCORPORATION COMPLETES SALE OF COLORADO BRANCHES
Albuquerque, N.M. - June 26, 2009 - First State Bancorporation ("First State") (NASDAQ:FSNM) today announced that it has completed the sale of its Colorado branches to Great Western Bank, a South Dakota-based subsidiary of National Australia Bank. The terms of the transaction call for the transfer of approximately $385 million in loans, $509 million in deposits, $20 million of premises and equipment and other assets, and the payment of a deposit premium of approximately $30 million. After the write-off of the core deposit intangible associated with these deposits and transaction costs, First State expects to record a pretax gain of approximately $23 million.
"This transaction will boost our total risk-based capital ratio at both the bank and holding company levels to above 11.0%, compared to 9.0% at the bank and 8.9% at the holding company as of March 31, 2009, bringing us back to a well-capitalized position under regulatory guidelines at June 30, 2009", explained Michael R. Stanford, President and Chief Executive Officer of First State. "This transaction has solidified our capital position and is a decisive step to protecting our legacy New Mexico market and our independence. These capital ratios also do not include the more than $55 million that we have in our allowance for loan losses that is not part of the capital calculation, which further insulates our balance sheet from future losses in our loan portfolio", continued Stanford.
ABOUT FIRST STATE
First State Bancorporation is a New Mexico based commercial bank holding company (NASDAQ:FSNM). First State provides services, through its subsidiary First Community Bank, to customers from a total of 40 branches located in New Mexico and Arizona. On Friday, June 26, 2009, First State's stock closed at $2.00 per share.
ADDITIONAL INFORMATION AND WHERE TO FIND IT
Certain statements in this news release are 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 (the "Exchange Act"). These statements are based on management's current expectations or predictions of future results or events. We make these forward-looking statements in reliance on the safe harbor provisions provided under the Private Securities Litigation Reform Act of 1995.
First State's news releases and filings with the Securities and Exchange Commission are available through the Investor Relations section of First State's website at www.fcbnm.com.
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"-",
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1653821-000143774921023598-ex_290867 | EX-99.1
5
ex_290867.htm
EXHIBIT 99.1
ex_290867.htm
Exhibit 99.1
CEN Biotech Inc. Announces the Closing of LED Patent Acquisition
Windsor, ON - October 13, 2021 (Newswire)- CEN Biotech Inc. ("CEN" or the "Company") (OTC Pink: CENBF), a global holding company focused on the manufacturing, production and development of LED lighting technology and hemp-based products intended to help improve your state of health and well-being, is pleased to announce that it is has consummated the transaction for Patent Number U.S. 8,723,425 (the "Patent").
On October 7, 2021, CEN entered into an Asset Purchase Agreement (the "Agreement") in connection with the purchase and acquisition of the right, title, and interest in and to the Patent, as more particularly described in the APA and related transaction documents. Pursuant to the Agreement, Tesla Digital, Inc., Tesla Digital Global Group, Inc. and Stevan Pokrajac (together, the "Sellers") are to receive 5,000,000 shares of CEN common stock which were reserved for issuance at closing of the Agreement. As additional consideration, the Sellers acknowledged receipt of two parcels of real property from CEN.
"This strategic acquisition is the first step in creating a truly global agriculture company dedicated to a person's health and well-being using innovations in LED lighting technologies. We believe the use of this LED patented technology can be widely implemented in many industries such as indoor growing, automotive and industrial applications. This technology can limit the amount of heat generated from the operation of the LED lights and the amount of power needed to operate them." commented Bahige (Bill) Chaaban, the Company's CEO and Executive Chairman.
The inventor of the Patent, Stevan Pokrajac, commented also, "We look forward to continuing the development and sales of our patented technology across a wide range of platforms and industries, including indoor agriculture applications, automotive and aerospace industries, and technologies that require minimal heat and power consumption".
About CEN Biotech Inc.
CEN Biotech, Inc. is a global holding company focused on the manufacturing, production and development of LED lighting technology and hemp-based products. The Company intends to continue to explore the usage of hemp, which it now intends to cultivate for usage in industrial, medical and food products. For further information on the Company, please visit our website at www.cenbiotechinc.com. Information about the Company can also be found on the Securities and Exchange Commission's EDGAR site under the Issuer Profile of "CEN Biotech Inc".
Forward Looking Statements
This press release contains "forward-looking" statements. In particular, the words "believe", "may", "could", "should", "expect", "anticipate", "estimate", "project", "propose", "plan", "intend", and similar conditional words and expressions are intended to identify forward-looking statements. Any statements made in this press release about an action, event or development, are forward-looking statements. These forward-looking statements are only predictions and are subject to certain risks, uncertainties and assumptions, many of which may be beyond control of CEN Biotech Inc. ("CEN"), that could cause actual results to differ from those in the forward-looking statements. Accordingly, you should not place undue reliance on these forward-looking statements. Although CEN believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that its forward-looking statements will prove to be correct. Potential risks include such factors as the inability to enter into agreements with parties with whom we are in discussions, factors that cannot be predicted with certainty, as well as additional risks and uncertainties that are identified and described in CEN's reports filed with the Securities and Exchange Commission (the "SEC"). 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. Actual results may differ materially from the forward-looking statements in this press release. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. CEN does not undertake, and it specifically disclaims, any obligation to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement except as required in accordance with applicable laws.
Press Contact
Brian S. Payne
Vice President and Director
CEN Biotech Inc.
Phone: (519) 419-4958, Extension 1505
Email: brian@cenbiotechinc.com
| [
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"Brian",
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"Payne",
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":",
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"419",
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"4958",
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1581312-000114036114046002-ex99_1 | EX-99.1
2
ex99_1.htm
EXHIBIT 99.1
Exhibit 99.1
Core Resource Management Acquires Working Interests in Oklahoma Oil and Gas Properties in All Equity Deal
PHOENIX, AZ -- (Marketwired) -- 12/12/14 -- The Mission of Core Resource Management, Inc. (OTCQB: CRMI) ("Core" or the "Company") to acquire and manage proven-producing wells and assets has been advanced once again. Just after assisting Nitro Petroleum, Inc. (NTRO) with the filing of a preliminary information statement with the SEC regarding Core's pending acquisition of Nitro, James Clark and Phillip Nuciola III have announced the acquisition by Core of several property interests from White Stone Resources, LP (White Stone) and Royal Energy Resources, Inc. (Royal). With the team of James Clark, CEO and Board Chairman Phillip Nuciola III, Core acquired the oil and gas assets of both White Stone and Royal in exchange for common stock equity of Core. The definitive Purchase and Sale Agreement was executed on December 12, 2014.
Both White Stone and Royal are private companies. They currently own and are selling to Core nearly $1,800,000 in PV10 PDP properties. White Stone and Royal's interests appear to be very synergistic to property interests already owned by Core. The properties are minority interests of others and are also in close proximity to the assets owned by Nitro. The new management team of Core and the board of directors feel strongly that the newest acquisitions, with the help of Core's capital formation abilities, will increase company value and monthly revenues.
Chief Executive Officer James Clark commented, "Our acquisitions receiving attention this week are important to the Company's continued growth and the advancement of Core's mission to acquire and manage proven-producing wells and assets. It will help grow our revenue base and scale us into a larger force in the domestic energy sector. The addition of these new assets to our balance sheet along with the compartmentalization of oil and gas expertise and our expertise in the capital markets of our team, puts us in a unique position for rapid expansion. We are pleased to welcome as stockholders the partners of White Stone and Royal. The synergies we can create as a larger company with key areas of expertise may allow for growth in stockholder value for all. With the market price of oil declining, it has produced value buying opportunities, and we feel Core can capitalize on this current market condition. By keeping a nimble business model we feel we will be able to create long term value for the shareholder in this unlikely time".
Core's Chairman of the Board, Phillip Nuciola III, said the investment bankers' response was pleasing, with expressions of interest well in excess of the amounts requested. He added, "This is a positive indication of how our lenders view the quality of our assets. Importantly, Core now has access to substantial institutional cash, undrawn debt and working capital to support our operations and fund further developmental plans and partner interests as part of our growth strategy. We believe that the opportunities created by our acquisitions will allow us to grow in a time where we may be seeing tremendous value in the marketplace".
The Final Definitive Purchase Sale Agreement and terms of the All-Equity deal has been executed by all parties on December 12 following the terms of the definitive LOI that was signed by all parties on November 19.
About the Company:
Core Resource Management is a Phoenix-based oil & gas company engaged in the acquisition of existing oil & gas production in partnership with established oil & gas operators in Texas and the Southwest. The Company does not currently engage in direct exploration but will acquire positions of up to 50% in current oil & gas production from well-established operators, seeking from time to time, to sell a percentage of their existing production in order to recycle their capital into new leases and wells. Management believes it can maximize value for its shareholders while also negotiating fair and reasonable valuations for its drilling partners.
Forward Looking Statements:
Statements which are not historical facts contained in this release are forward looking statements, such as "immediately accretive" that involve risks and uncertainties, including but not limited to, the effect of economic conditions, the impact of competition, the results of financing efforts, changes in consumers' preferences and trends. The words "estimate", "possible", and "seeking" and similar expressions identify forward-looking statements, which speak only to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events, or otherwise. Future events and actual results may differ materially from those set forth herein, contemplated by, or underlying the forward looking statements.
The information herein is subject to change without notice. Core Resource Management, Inc. shall not be liable for technical or editorial errors or omissions contained herein.
Contact:
Core Resource Management, Inc.
James D. Clark
jclark@coreresource.net
602 314 3230
3131 E Camelback Rd. Ste. 211
Phoenix, AZ 85016
Source: Core Resource Management, Inc.
Released December 12, 2014
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"D",
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1465112-000110465909066019-a09-33501_1ex99d1 | EX-99.1
4
a09-33501_1ex99d1.htm
EX-99.1
Exhibit 99.1
Media Contact:
IR Contact
Darris Gringeri
(310) 964-0808
212-205-0882
DIRECTV Completes Merger Transaction with
Liberty Media
EL
SEGUNDO, Calif., Nov. 19, 2009- DIRECTV today announced the successful completion of the previously announced
transactions involving the combination of
DIRECTV Group and Liberty
Entertainment, Inc. (LEI), a company split-off from Liberty Media
Corporation. The transactions were completed following a special
meeting of stockholders of The DIRECTV Group held today.
Special Meeting
The stockholders of DIRECTV Group approved both of
the proposals up for vote at the special meeting. Those proposals related to the approval of
the Agreement and Plan of Merger (dated May 3, 2009) as amended, by and
among Liberty, LEI, DIRECTV Group, DIRECTV and certain subsidiaries of DIRECTV
and the approval of the Voting and Right of First Refusal Agreement (dated as
of May 3, 2009) as amended, by and among DIRECTV Group, LEI, DIRECTV, John
C. Malone (the Chairman of DIRECTV Group and Liberty), his wife and certain
trusts for the benefit of their children.
The final voting results were approximately 90% for adoption of the
Merger Agreement and approximately 89% for approval of the Malone Agreement.
The proposals were also approved by an
overwhelming majority of the stockholders excluding shares of DIRECTV Group
owned by Liberty and its subsidiaries, the Malones and officers and directors
of Liberty. Liberty Media held a special
meeting of stockholders earlier in the day and also received the necessary
approvals for the transactions.
Description of the
Transactions
In the transactions, Liberty executed a
split-off that resulted in the redemption of 90% of the outstanding shares of
both series of its Liberty Entertainment common stock in exchange for all of
the outstanding shares of two series of common stock of LEI. The Merger
Agreement provided for two mergers that resulted in DIRECTV Group and LEI
becoming wholly-owned subsidiaries of DIRECTV. In the DIRECTV merger, DIRECTV
Group common stockholders (other than direct or indirect subsidiaries of LEI)
received one share of DIRECTV Class A common stock for each share of
common stock of DIRECTV Group that they owned. In the LEI merger, holders of
outstanding shares of LEI Series A common stock and LEI Series B
common stock (other than LEI or DIRECTV) received a number of shares of DIRECTV
Class A common stock equal to the LEI exchange ratio for each share of LEI
common stock that they owned. The LEI exchange ratio was equal to 1.11130
shares of DIRECTV common stock for each share of LEI common stock.
Immediately prior to the mergers, the Malones,
pursuant to the Malone Agreement, exchanged each of their shares of LEI Series B
common stock for a number of shares of DIRECTV Class B common stock equal
to the number of shares of LEI Series B common stock they owned multiplied
by the LEI exchange ratio. The Malones
are the only holders of DIRECTV Class B common stock and their votes are
subject to limitations imposed by the Malone Agreement. DIRECTV Class B common stock has fifteen
votes per share and certain limited consent rights and will not be publicly
traded, and DIRECTV Class A common stock has one vote per share and is
listed on the NASDAQ National Market System under the symbol "DTV" and will
begin trading on Friday, November 20, 2009.
As a result of the
merger transactions, there will be approximately 910 million shares of DIRECTV Class A
common stock (NASDAQ: DTV) outstanding when trading begins and approximately 22
million shares of DIRECTV Class B common stock, all of which is held by
the Malones and will not be listed. In
addition, stock options and SARs relating to Liberty Entertainment common stock
were converted into stock options and SARs relating to DIRECTV's Class A
common stock.
2
As
previously disclosed in the proxy statement and prospectus sent to stockholders
in connection with the stockholder vote on the Liberty transactions and other
public filings, as a result of completing the Liberty transactions, the Company
has assumed, on a consolidated basis, approximately $2 billion of indebtedness
to Bank of America through its acquisition of Greenlady II, LLC, a subsidiary
of LEI, and also has assumed rights and obligations connected with the related
equity collar securing the debt. The
Company has requested that Bank of America unwind the equity collar, pursuant
to agreed upon market practices. The indebtedness will be repaid prior to its
maturity in various stages in conjunction with the unwind. The Company will also be responsible for
certain costs due to the early unwind of the various tranches of the equity
collar, the amounts of which will vary depending on the Company's stock price
during the unwind and other market factors.
Based
on DTV's closing share price of $31.04 on November 18, 2009, and other
preliminary estimates of fair value of the assets and liabilities of LEI
(including the fair value on that date of the equity collar and the stock based
awards), the Company estimates that it will record an expense of approximately
$400 million for the premium to LEI stockholders and costs of the
transactions. This is an estimate and
the actual charges will be disclosed in the Company's filing on Form 10-K
for the year ending December 31, 2009.
Adjustments to the fair values of certain of the stock based awards and
the equity collar, as long as these instruments remain outstanding, will be
recorded in non-operating earnings in the consolidated statements of operations
of the Company each reporting period. The
Company expects that the process of unwinding the equity collar and the
determination of amounts payable to Bank of America will be completed in the
fourth quarter of this year, depending on market factors and other relevant
considerations.
3
As
a result of the decision by the Company to repay the debt and to unwind the
equity collar, the Company does not intend to implement a new share repurchase
program at this time. Any decision to
implement a share repurchase program will be made based upon progress made in
unwinding the equity collar and other relevant market conditions.
CAUTIONARY
STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS
NOTE: This release
may include or incorporate by reference certain statements that we believe are,
or may be considered to be, "forward-looking statements" within the meaning of
various provisions of the Securities Act of 1933 and of the Securities Exchange
Act of 1934. These forward-looking statements generally can be identified by
use of statements that include phrases such as "believe", "expect", "estimate,"
"anticipate", "intend", "plan", "foresee", "project" or other similar words or
phrases. Similarly, statements that describe our objectives, plans or goals
also are forward-looking statements. All of these forward-looking statements
are subject to certain risks and uncertainties that could cause actual results
to differ materially from historical results or from those expressed or implied
by the relevant forward-looking statement. Such risks and uncertainties
include, but are not limited to: economic conditions; product demand and market
acceptance; ability to simplify aspects of our business model, improve customer
service, create new and desirable programming content and interactive features,
and achieve anticipated economies of scale; government action; local political
or economic developments in or affecting countries where we have operations,
including political, economic and social uncertainties in many Latin American
countries in which DIRECTV Latin America operates; foreign currency exchange
rates; currency exchange controls; ability to obtain export licenses;
competition; the outcome of legal proceedings; ability to achieve cost
reductions; ability of third parties to timely perform material contracts;
ability to renew programming contracts under favorable terms; technological
risk; limitations on access to distribution channels; the success and
timeliness of satellite launches; in-orbit performance of satellites, including
technical anomalies; loss of uninsured satellites; theft of satellite
programming signals; and our ability to access capital to maintain our
financial flexibility. We urge you to consider these factors carefully in
evaluating the forward-looking statements.
About DIRECTV
DIRECTV (NASDAQ:DTV) is the world's leading
provider of digital television entertainment services. Through its subsidiaries
and affiliated companies in the United States, Brazil, Mexico and other
countries in Latin America, DIRECTV provides satellite television service to
more than 18.4 million customers in the United States and more than 6 million
customers in Latin America. The company also owns three sports Networks (FSN Northwest,
FSN Rocky Mountain and FSN Pittsburgh) as well as a 65% interest in Game Show
Network.
# # #
4
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"Malone",
"Agreement",
".",
"DIRECTV",
"Class",
"B",
"common",
"stock",
"has",
"fifteen",
"votes",
"per",
"share",
"and",
"certain",
"limited",
"consent",
"rights",
"and",
"will",
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"publicly",
"traded",
",",
"and",
"DIRECTV",
"Class",
"A",
"common",
"stock",
"has",
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"vote",
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"is",
"listed",
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"the",
"NASDAQ",
"National",
"Market",
"System",
"under",
"the",
"symbol",
"\"",
"DTV",
"\"",
"and",
"will",
"begin",
"trading",
"on",
"Friday",
",",
"November",
"20",
",",
"2009",
".",
"As",
"a",
"result",
"of",
"the",
"merger",
"transactions",
",",
"there",
"will",
"be",
"approximately",
"910",
"million",
"shares",
"of",
"DIRECTV",
"Class",
"A",
"common",
"stock",
"(",
"NASDAQ",
":",
"DTV",
")",
"outstanding",
"when",
"trading",
"begins",
"and",
"approximately",
"22",
"million",
"shares",
"of",
"DIRECTV",
"Class",
"B",
"common",
"stock",
",",
"all",
"of",
"which",
"is",
"held",
"by",
"the",
"Malones",
"and",
"will",
"not",
"be",
"listed",
".",
"In",
"addition",
",",
"stock",
"options",
"and",
"SARs",
"relating",
"to",
"Liberty",
"Entertainment",
"common",
"stock",
"were",
"converted",
"into",
"stock",
"options",
"and",
"SARs",
"relating",
"to",
"DIRECTV",
"'s",
"Class",
"A",
"common",
"stock",
".",
"2",
"As",
"previously",
"disclosed",
"in",
"the",
"proxy",
"statement",
"and",
"prospectus",
"sent",
"to",
"stockholders",
"in",
"connection",
"with",
"the",
"stockholder",
"vote",
"on",
"the",
"Liberty",
"transactions",
"and",
"other",
"public",
"filings",
",",
"as",
"a",
"result",
"of",
"completing",
"the",
"Liberty",
"transactions",
",",
"the",
"Company",
"has",
"assumed",
",",
"on",
"a",
"consolidated",
"basis",
",",
"approximately",
"$",
"2 billion",
"of",
"indebtedness",
"to",
"Bank",
"of",
"America",
"through",
"its",
"acquisition",
"of",
"Greenlady",
"II",
",",
"LLC",
",",
"a",
"subsidiary",
"of",
"LEI",
",",
"and",
"also",
"has",
"assumed",
"rights",
"and",
"obligations",
"connected",
"with",
"the",
"related",
"equity",
"collar",
"securing",
"the",
"debt",
".",
"The",
"Company",
"has",
"requested",
"that",
"Bank",
"of",
"America",
"unwind",
"the",
"equity",
"collar",
",",
"pursuant",
"to",
"agreed",
"upon",
"market",
"practices",
".",
"The",
"indebtedness",
"will",
"be",
"repaid",
"prior",
"to",
"its",
"maturity",
"in",
"various",
"stages",
"in",
"conjunction",
"with",
"the",
"unwind",
".",
"The",
"Company",
"will",
"also",
"be",
"responsible",
"for",
"certain",
"costs",
"due",
"to",
"the",
"early",
"unwind",
"of",
"the",
"various",
"tranches",
"of",
"the",
"equity",
"collar",
",",
"the",
"amounts",
"of",
"which",
"will",
"vary",
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"on",
"the",
"Company",
"'s",
"stock",
"price",
"during",
"the",
"unwind",
"and",
"other",
"market",
"factors",
".",
"Based",
"on",
"DTV",
"'s",
"closing",
"share",
"price",
"of",
"$",
"31.04",
"on",
"November",
"18",
",",
"2009",
",",
"and",
"other",
"preliminary",
"estimates",
"of",
"fair",
"value",
"of",
"the",
"assets",
"and",
"liabilities",
"of",
"LEI",
"(",
"including",
"the",
"fair",
"value",
"on",
"that",
"date",
"of",
"the",
"equity",
"collar",
"and",
"the",
"stock",
"based",
"awards",
")",
",",
"the",
"Company",
"estimates",
"that",
"it",
"will",
"record",
"an",
"expense",
"of",
"approximately",
"$",
"400 million",
"for",
"the",
"premium",
"to",
"LEI",
"stockholders",
"and",
"costs",
"of",
"the",
"transactions",
".",
"This",
"is",
"an",
"estimate",
"and",
"the",
"actual",
"charges",
"will",
"be",
"disclosed",
"in",
"the",
"Company",
"'s",
"filing",
"on",
"Form",
"10",
"-",
"K",
"for",
"the",
"year",
"ending",
"December",
"31",
",",
"2009",
".",
"Adjustments",
"to",
"the",
"fair",
"values",
"of",
"certain",
"of",
"the",
"stock",
"based",
"awards",
"and",
"the",
"equity",
"collar",
",",
"as",
"long",
"as",
"these",
"instruments",
"remain",
"outstanding",
",",
"will",
"be",
"recorded",
"in",
"non",
"-",
"operating",
"earnings",
"in",
"the",
"consolidated",
"statements",
"of",
"operations",
"of",
"the",
"Company",
"each",
"reporting",
"period",
".",
"The",
"Company",
"expects",
"that",
"the",
"process",
"of",
"unwinding",
"the",
"equity",
"collar",
"and",
"the",
"determination",
"of",
"amounts",
"payable",
"to",
"Bank",
"of",
"America",
"will",
"be",
"completed",
"in",
"the",
"fourth",
"quarter",
"of",
"this",
"year",
",",
"depending",
"on",
"market",
"factors",
"and",
"other",
"relevant",
"considerations",
".",
"3",
"As",
"a",
"result",
"of",
"the",
"decision",
"by",
"the",
"Company",
"to",
"repay",
"the",
"debt",
"and",
"to",
"unwind",
"the",
"equity",
"collar",
",",
"the",
"Company",
"does",
"not",
"intend",
"to",
"implement",
"a",
"new",
"share",
"repurchase",
"program",
"at",
"this",
"time",
".",
"Any",
"decision",
"to",
"implement",
"a",
"share",
"repurchase",
"program",
"will",
"be",
"made",
"based",
"upon",
"progress",
"made",
"in",
"unwinding",
"the",
"equity",
"collar",
"and",
"other",
"relevant",
"market",
"conditions",
".",
"CAUTIONARY",
"STATEMENT",
"CONCERNING",
"FORWARD",
"-",
"LOOKING",
"STATEMENTS",
"NOTE",
":",
"This",
"release",
"may",
"include",
"or",
"incorporate",
"by",
"reference",
"certain",
"statements",
"that",
"we",
"believe",
"are",
",",
"or",
"may",
"be",
"considered",
"to",
"be",
",",
"\"",
"forward",
"-",
"looking",
"statements",
"\"",
"within",
"the",
"meaning",
"of",
"various",
"provisions",
"of",
"the",
"Securities",
"Act",
"of",
"1933",
"and",
"of",
"the",
"Securities",
"Exchange",
"Act",
"of",
"1934",
".",
"These",
"forward",
"-",
"looking",
"statements",
"generally",
"can",
"be",
"identified",
"by",
"use",
"of",
"statements",
"that",
"include",
"phrases",
"such",
"as",
"\"",
"believe",
"\"",
",",
"\"",
"expect",
"\"",
",",
"\"",
"estimate",
",",
"\"",
"\"",
"anticipate",
"\"",
",",
"\"",
"intend",
"\"",
",",
"\"",
"plan",
"\"",
",",
"\"",
"foresee",
"\"",
",",
"\"",
"project",
"\"",
"or",
"other",
"similar",
"words",
"or",
"phrases",
".",
"Similarly",
",",
"statements",
"that",
"describe",
"our",
"objectives",
",",
"plans",
"or",
"goals",
"also",
"are",
"forward",
"-",
"looking",
"statements",
".",
"All",
"of",
"these",
"forward",
"-",
"looking",
"statements",
"are",
"subject",
"to",
"certain",
"risks",
"and",
"uncertainties",
"that",
"could",
"cause",
"actual",
"results",
"to",
"differ",
"materially",
"from",
"historical",
"results",
"or",
"from",
"those",
"expressed",
"or",
"implied",
"by",
"the",
"relevant",
"forward",
"-",
"looking",
"statement",
".",
"Such",
"risks",
"and",
"uncertainties",
"include",
",",
"but",
"are",
"not",
"limited",
"to",
":",
"economic",
"conditions",
";",
"product",
"demand",
"and",
"market",
"acceptance",
";",
"ability",
"to",
"simplify",
"aspects",
"of",
"our",
"business",
"model",
",",
"improve",
"customer",
"service",
",",
"create",
"new",
"and",
"desirable",
"programming",
"content",
"and",
"interactive",
"features",
",",
"and",
"achieve",
"anticipated",
"economies",
"of",
"scale",
";",
"government",
"action",
";",
"local",
"political",
"or",
"economic",
"developments",
"in",
"or",
"affecting",
"countries",
"where",
"we",
"have",
"operations",
",",
"including",
"political",
",",
"economic",
"and",
"social",
"uncertainties",
"in",
"many",
"Latin",
"American",
"countries",
"in",
"which",
"DIRECTV",
"Latin",
"America",
"operates",
";",
"foreign",
"currency",
"exchange",
"rates",
";",
"currency",
"exchange",
"controls",
";",
"ability",
"to",
"obtain",
"export",
"licenses",
";",
"competition",
";",
"the",
"outcome",
"of",
"legal",
"proceedings",
";",
"ability",
"to",
"achieve",
"cost",
"reductions",
";",
"ability",
"of",
"third",
"parties",
"to",
"timely",
"perform",
"material",
"contracts",
";",
"ability",
"to",
"renew",
"programming",
"contracts",
"under",
"favorable",
"terms",
";",
"technological",
"risk",
";",
"limitations",
"on",
"access",
"to",
"distribution",
"channels",
";",
"the",
"success",
"and",
"timeliness",
"of",
"satellite",
"launches",
";",
"in",
"-",
"orbit",
"performance",
"of",
"satellites",
",",
"including",
"technical",
"anomalies",
";",
"loss",
"of",
"uninsured",
"satellites",
";",
"theft",
"of",
"satellite",
"programming",
"signals",
";",
"and",
"our",
"ability",
"to",
"access",
"capital",
"to",
"maintain",
"our",
"financial",
"flexibility",
".",
"We",
"urge",
"you",
"to",
"consider",
"these",
"factors",
"carefully",
"in",
"evaluating",
"the",
"forward",
"-",
"looking",
"statements",
".",
"About",
"DIRECTV",
"DIRECTV",
"(",
"NASDAQ",
":",
"DTV",
")",
"is",
"the",
"world",
"'",
"s",
"leading",
"provider",
"of",
"digital",
"television",
"entertainment",
"services",
".",
"Through",
"its",
"subsidiaries",
"and",
"affiliated",
"companies",
"in",
"the",
"United",
"States",
",",
"Brazil",
",",
"Mexico",
"and",
"other",
"countries",
"in",
"Latin",
"America",
",",
"DIRECTV",
"provides",
"satellite",
"television",
"service",
"to",
"more",
"than",
"18",
".",
"4",
"million",
"customers",
"in",
"the",
"United",
"States",
"and",
"more",
"than",
"6",
"million",
"customers",
"in",
"Latin",
"America",
".",
"The",
"company",
"also",
"owns",
"three",
"sports",
"Networks",
"(",
"FSN",
"Northwest",
",",
"FSN",
"Rocky",
"Mountain",
"and",
"FSN",
"Pittsburgh",
")",
"as",
"well",
"as",
"a",
"65",
"%",
"interest",
"in",
"Game",
"Show",
"Network",
".",
"#",
"#",
"#",
"4"
] | [
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"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.BUYING_COMPANY",
"O",
"O",
"O",
"O",
"B-Parties.ACQUIRED_COMPANY",
"I-Parties.ACQUIRED_COMPANY",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"B-Parties.BUYING_COMPANY",
"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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"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",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"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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1308606-000129993306000993-exhibit1 | EX-99.1
2
exhibit1.htm
EX-99.1
EX-99.1
C O L E
COLE CREDIT PROPERTY TRUST II, INC.
February 14, 2006
Contact:
John H. Lotka, Chief Marketing Officer
602-778-8739
For Immediate Release:
Cole Credit Property Trust II, Inc. announces the acquisition of a single-tenant retail
property located in Arizona, leased to Mountainside Fitness Centers.
On February 10, 2006, a wholly-owned subsidiary of the operating partnership of Cole Credit
Property Trust II, Inc. acquired a single-tenant retail building totaling approximately 31,063
square feet on an approximately 2.92 acre site located in Chandler, Arizona. The building is 100%
leased to Mountainside Fitness Centers of Ocotillo, LLC ("Mountainside") through the initial lease
term, which expires on July 18, 2022.
About the Tenant
Mountainside operates a chain of fitness centers in the state of Arizona. Currently there are five
locations in the Phoenix metro area.
About Cole Credit Property Trust II, Inc.
Cole Credit Property Trust II, Inc. is a Maryland corporation that intends to qualify as a real
estate investment trust beginning with the taxable year ended December 31, 2005. The investment
objectives of Cole Credit Property Trust II, Inc. are to provide current income, preservation and
return of capital, and growth in the value of its investments.
This release may contain forward-looking statements relating to the business and financial outlook
of Cole Credit Property Trust II, 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 the forward-looking statements contained in this release. Such factors include
those described in the Risk Factors sections of the prospectus for the offering of equity of Cole
Credit Property Trust II, Inc. 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 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.
2555 E. Camelback Road, Suite 400
Phoenix, AZ 85016
602-778-8700
| [
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7332-000000733220000079-swn-20201113xexhibit991 | EX-99.1
8
swn-20201113xexhibit991.htm
EX-99.1 PRESS RELEASE - MERGER
Document
NEWS RELEASE
SOUTHWESTERN ENERGY COMPLETES ACQUISITION OF MONTAGE RESOURCES
SPRING, Texas - November 13, 2020…Southwestern Energy Company (NYSE: SWN) today announced that it has completed the acquisition of Montage Resources following approval by Montage shareholders. Under the previously announced credit agreement amendment, the Company's borrowing base on its revolving credit facility has been increased to $2.0 billion.
"This strategic transaction represents another deliberate step in our disciplined repositioning strategy. We strengthened our position as a premier producer in the Appalachia basin with an at-market, accretive acquisition that provides a step change in free cash flow. Starting today, we are delivering on our commitment of at least $30 million in synergies, and we look forward to unlocking additional value as the newly combined team brings innovation and demonstrated operational efficiencies to these high quality, complementary assets", said Bill Way, Southwestern Energy President and Chief Executive Officer. "We welcome the field operating team to Southwestern Energy and thank the entire Montage Resources organization for their hard work and dedication that led to this transaction".
Given the November 13, 2020 closing, there is no change to the Company's fourth quarter and full year 2020 guidance except for the inclusion of 49 days of production from the Montage properties as indicated in the table below. As of the closing of the transaction, the Company's daily net production rate increases to over 3 Bcfe per day.
UPDATED PRODUCTION GUIDANCE
SWN Guidance
Pro Forma Guidance(1)
Q4 2020
Total Year 2020
Q4 2020
Total Year 2020
Gas (Bcf)
177 - 184
661 - 675
200 - 205
687 - 692
Oil/Condensate (MBbls)
1,275 - 1,375
5,057 - 5,257
1,475 - 1,575
5,251 - 5,351
NGLs (MBbls)
6,750 - 7,025
25,339 - 25,889
7,000 - 7,275
25,926 - 26,201
Total (Bcfe)
225 - 234
843 - 861
251 - 258
874 - 881
(1)SWN guidance dated July 30, 2020, updated to include 49 days of production from properties previously owned by Montage Resources.
About Southwestern Energy
Southwestern Energy Company is an independent energy company engaged in natural gas, natural gas liquids and oil exploration, development, production and marketing. For additional information, visit our website www.swn.com.
Investor Contact
Brittany Raiford
Director, Investor Relations
(832) 796-7906
brittany_raiford@swn.com
1
Bernadette Butler
Investor Relations Advisor
(832) 796-6079
bernadette_butler@swn.com
Forward Looking Statement
Certain statements and information herein may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The words "believe", "expect", "anticipate", "plan", "intend", "foresee", "should", "would", "could", "attempt", "appears", "forecast", "outlook", "estimate", "project", "potential", "may", "will", "are likely", "guidance", "goal", "model", "target", "budget" and other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. Statements may be forward looking even in the absence of these particular words. Examples of forward-looking statements include, but are not limited to, statements regarding generation of free cash flow. These forward-looking statements are based on our current expectations and beliefs concerning future developments and their potential effect on us. The forward-looking statements contained in this document are largely based on our expectations for the future, which reflect certain estimates and assumptions made by our management. These estimates and assumptions reflect our best judgment based on currently known market conditions, operating trends, and other factors. Although we believe such estimates and assumptions to be reasonable, they are inherently uncertain and involve a number of risks and uncertainties that are beyond our control. As such, management's assumptions about future events may prove to be inaccurate. For a more detailed description of the risks and uncertainties involved, see "Risk Factors" in our most recently filed Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other SEC filings. We do not intend to publicly update or revise any forward-looking statements as a result of new information, future events, changes in circumstances, or otherwise. These cautionary statements qualify all forward-looking statements attributable to us, or persons acting on our behalf. Management cautions you that the forward looking statements contained herein are not guarantees of future performance, and we cannot assure you that such statements will be realized or that the events and circumstances they describe will occur. Factors that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements herein include, but are not limited to: the timing and extent of changes in market conditions and prices for natural gas, oil and natural gas liquids ("NGLs"), including regional basis differentials and the impact of reduced demand for our production and products in which our production is a component due to governmental and societal actions taken in response to the COVID-19 pandemic; our ability to fund our planned capital investments; a change in our credit rating, an increase in interest rates and any adverse impacts from the discontinuation of the London Interbank Offered Rate; the extent to which lower commodity prices impact our ability to service or refinance our existing debt; the impact of volatility in the financial markets or other global economic factors, including the impact of COVID-19; difficulties in appropriately allocating capital and resources among our strategic opportunities; the timing and extent of our success in discovering,
2
developing, producing and estimating reserves; our ability to maintain leases that may expire if production is not established or profitably maintained; our ability to realize the expected benefits from the acquisition of Montage Resources Corporation ("Montage Acquisition"); costs in connection with the Montage Acquisition; integration of operations and results subsequent to the Montage Acquisition; our ability to transport our production to the most favorable markets or at all; the impact of government regulation, including changes in law, the ability to obtain and maintain permits, any increase in severance or similar taxes, and legislation or regulation relating to hydraulic fracturing, climate and over-the-counter derivatives; the impact of the adverse outcome of any material litigation against us or judicial decisions that affect us or our industry generally; the effects of weather; increased competition; the financial impact of accounting regulations and critical accounting policies; the comparative cost of alternative fuels; credit risk relating to the risk of loss as a result of non-performance by our counterparties; and any other factors listed in the reports we have filed and may file with the SEC that are incorporated by reference herein. All written and oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary statement.
###
3
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1301236-000156459019035909-soho-ex991_75 | EX-99.1
3
soho-ex991_75.htm
EX-99.1
soho-ex991_75.htm
Exhibit 99.1
FOR IMMEDIATE RELEASE
MONDAY, SEPTEMBER 30, 2019
SOTHERLY HOTELS INC. ANNOUNCES ACQUISITON OF
CONDO HOTEL COMMERCIAL UNIT
Williamsburg, Virginia - September 30, 2019 -
Sotherly Hotels Inc.
(NASDAQ: SOHO)
(the "Company")
today announced that the Company has acquired the hotel commercial unit of the Hyde Beach House Resort & Residences (the "Resort") located in Hollywood, Florida for $5.35 million. In connection with the closing, the Company acquired the hotel commercial unit, which consists of the designated lobby and front desk area, offices, and other spaces. The Company also entered into a 20-year management agreement for the parking garage and poolside cabanas of the Resort, as well as an agreement to operate and manage the condominium association. Pursuant to a Pre-Opening Services Agreement, the Company received a fee of $1.0 million in connection with certain pre-opening preparations. Also in connection with the closing, the Company's DoubleTree Resort by Hilton Hollywood Beach received a construction disruption fee of $1.2 million and the Company acquired commercial unit 3 of the Resort, a +/- 3,000 square foot ballroom that was constructed and conveyed as required pursuant to an existing covenant and easement agreement.
The Hyde Beach House Resort & Residences is a recently completed new development in Hollywood, Florida. The 342-unit condominium-hotel consists of 265 use-restricted units and 77 residences that feature one, two- and three-bedroom layouts. The property will feature luxury amenities, including an expansive pool deck with infinity edge pool, Sports Club and Aqua Club on the Intracoastal Waterway.
Drew Sims, Chief Executive Officer of the Company, commented, "The Hyde Beach House Resort & Residences is a first-class luxury development that we are thrilled to add to the Sotherly portfolio. Our management team has experience with the condo-hotel model and we believe it is an attractive opportunity to turn a modest investment into tremendous value for our shareholders. In addition, the project's location adjacent to the DoubleTree Hollywood Beach Resort and across the street from the Hyde Resort & Residences provides for operational efficiencies and sales and marketing synergies as it presents our team with a wide variety of product offerings and amenities to offer our guests. This should benefit both projects and the Company as a whole".
About
Sotherly Hotels Inc.
Sotherly Hotels Inc. is a self-managed and self-administered lodging REIT focused on the acquisition, renovation, upbranding and repositioning of upscale to upper-upscale full-service hotels in the Southern United States. Currently, the Company's portfolio consists of investments in twelve hotel properties, comprising 3,156 rooms, as well as interests in the Hyde Resort & Residences and the Hyde Beach House Resort & Residences. The Company owns hotels that operate under the Hilton Worldwide, Marriott International, Inc., and Hyatt Hotels Corporation brands, as well as independent hotels. Sotherly Hotels Inc. was organized in 2004 and is headquartered in Williamsburg, Virginia. For more information, please visit
www.sotherlyhotels.com
.
Contact at the Company:
Scott Kucinski
Vice President - Operations and Investor Relations
Sotherly Hotels Inc.
410 West Francis Street
Williamsburg, Virginia 23185
(757) 229-5648
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1005229-000100522906000017-fcsalepr | EX-99
2
fcsalepr.txt
PRESS RELEASE
NEWS RELEASE
CONTACT:
Karen L. Howard
Vice President - Finance and Chief Financial Officer
Columbus McKinnon Corporation
716-689-5550
COLUMBUS MCKINNON COMPLETES SALE OF
FORREST CITY, ARKANSAS PROPERTY
AMHERST, N.Y., September 8, 2006 -- Columbus McKinnon Corporation (Nasdaq:
CMCO), a leading designer, manufacturer and marketer of material handling
products, today announced that it completed the sale of a 37 acre property that
included a 256,700 square foot building in Forrest City, Arkansas for $1.65
million on September 5, 2006. The favorable effect to net income in the second
quarter of fiscal 2007 ending on October 1, 2006 will be $0.3 million, or
approximately $0.01 per diluted share.
Timothy T. Tevens, President and CEO of Columbus McKinnon commented, "The
building was sold as a result of our facility rationalization and lean
manufacturing efforts. The proceeds from the sale will be used to pay down our
debt to reduce interest expense and further enhance our strategic flexibility.
Our strategy is to continue to grow our top line through geographic expansion,
new product innovation and bolt-on acquisitions, while enhancing our
profitability".
ABOUT COLUMBUS MCKINNON
-----------------------
Columbus McKinnon is a leading worldwide designer, manufacturer and marketer of
material handling products, systems and services, which efficiently and
ergonomically move, lift, position or secure material. Key products include
hoists, cranes, chain and forged attachments. The Company is focused on
commercial and industrial applications that require the safety and quality
provided by its superior design and engineering know-how. Comprehensive
information on Columbus McKinnon is available on its web site at
HTTP://WWW.CMWORKS.COM.
-----------------------
SAFE HARBOR STATEMENT
This press release contains "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995. Such statements include,
but are not limited to, statements concerning future revenue and earnings
involving known and unknown risks, uncertainties and other factors that could
cause the actual results of the Company to differ materially from the results
expressed or implied by such statements or other factors disclosed in the
Company's periodic reports filed with the Securities and Exchange Commission.
The Company assumes no obligation to update the forward-looking information
contained in this release.
####
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1024126-000135448813001120-ptx_ex991 | EX-99.1
3
ptx_ex991.htm
PRESS RELEASE
ptx_ex991.htm
EXHIBIT 99.1
Pernix Contact:
Joseph T. Schepers
Director, Investor Relations
(800) 793-2145 ext. 3002
jschepers@pernixtx.com
Pernix Therapeutics Completes Acquisition of Somaxon Pharmaceuticals, Inc.
THE WOODLANDS, TEXAS,
March 6, 2013 - Pernix Therapeutics Holdings, Inc. ("Pernix") (NASDAQ: PTX) today announced the completion of its acquisition of Somaxon Pharmaceuticals, Inc. ("Somaxon") (NASDAQ: SOMX) following the approval of the transaction by stockholders of Somaxon at the special meeting held on March 6, 2013.
Under the terms of the agreement announced on December 11, 2012, Pernix acquired all of the common stock of Somaxon in a stock-for-stock transaction with a total value of $25 million.
Somaxon stockholders will receive approximately 3,665,689 million shares of Pernix common stock based on a per share price of Pernix's common stock of $6.82, the volume-weighted average price of Pernix's common stock over the 30-day period ending on the day immediately prior to today's closing.
Cooper Collins, President and CEO of Pernix, said, "We are pleased to complete the acquisition of Somaxon, which is expected to continue to broaden our product portfolio. We expect Silenor to be an important addition to our product line that will be promoted by our sales force, and we may also develop Silenor as an OTC product".
Silenor® (doxepin) is approved for the treatment of insomnia characterized by difficulty with sleep maintenance and is not a controlled substance. In clinical trials, Silenor demonstrated maintenance of sleep, including into the seventh and eighth hours of the night, with no meaningful evidence of next day residual effects and an overall adverse events profile that was comparable to placebo.
Stifel Nicolaus Weisel acted as financial advisor to Somaxon in the transaction.
Important Safety Information About Silenor
Because sleep disturbances may be caused by underlying physical and/or psychiatric disorders, symptomatic treatment of insomnia should be initiated only after a careful evaluation of the patient. The failure of insomnia to remit after 7-10 days of treatment may indicate the presence of a primary psychiatric and/or medical illness that should be evaluated.
Patients should only take Silenor when they are prepared to get a full night's sleep. Silenor should be taken within 30 minutes of bedtime, and patients should confine their activities after ingestion to those necessary to prepare for bed. Patients should not consume alcohol or take other drugs that cause drowsiness with Silenor. Co-administration of monoamine oxidase inhibitors (MAOIs) with Silenor has not been studied and is not recommended. Patients should not take Silenor if they have untreated narrow angle glaucoma, severe urinary retention, severe sleep apnea or hypersensitivity to any of the ingredients in Silenor. Patients should avoid engaging in hazardous activities such as operating a motor vehicle or heavy machinery at night after taking Silenor, and patients should be cautioned about potential impairment in the performance of such activities that may occur during the day following ingestion. Before taking Silenor, patients should tell their doctors if they have a history of depression, mental illness or suicidal thoughts.
Hypnotics have been associated with complex behaviors such as sleep driving, preparing and eating food, making phone calls, or having sex. Drowsiness, upper respiratory tract infections and nausea were the most common adverse events observed in Silenor clinical trials.
About Pernix Therapeutics Holdings, Inc.
Pernix Therapeutics is a specialty pharmaceutical company primarily focused on the sales, marketing, manufacturing and development of branded, generic and OTC pharmaceutical products. The Company manages a portfolio of branded products, including the recently acquired Hawthorn Pharmaceuticals' product line. The Company's branded products for the pediatrics market include CEDAX®, an antibiotic for middle ear infections, NATROBA™, a topical treatment for head lice marketed under an exclusive co-promotion agreement with ParaPRO, LLC, and a family of treatments for cough and cold (ZUTRIPRO®, BROVEX®, ALDEX® and PEDIATEX®). The Company's branded products for gastroenterology include OMECLAMOX-PAK®, a 10-day treatment for H. pylori infection and duodenal ulcer disease, and REZYST™, a probiotic blend to promote dietary management.
The Company also markets the branded product, SILENOR, for the treatment of insomnia.
The Company promotes its branded pediatric and gastroenterology products through its sales force. Pernix markets its generic products through its wholly-owned subsidiaries, Cypress Pharmaceuticals and Macoven Pharmaceuticals. The Company's wholly-owned subsidiary, Great Southern Laboratories, manufactures and packages products for the pharmaceutical industry in a wide range of dosage-forms. A product candidate utilizing cough-related intellectual property is in development for the U.S. OTC market. Founded in 1996, the Company is based in The Woodlands, TX.
Additional information about Pernix is available on the Company's website located at
www.pernixtx.com
.
Cautionary Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including future financial and operating results, benefits and synergies of the proposed merger, potential cost savings, future opportunities for the combined company and any other statements about Pernix's future expectations, beliefs, goals, plans or prospects. Statements including words such as "estimate", "plan", "project", "forecast", "intend", "view", "hope", "could", "will", "should", "expect", "anticipate", "believe", "seek", "target" or similar expressions should also be considered forward-looking statements. Because these statements reflect current views, expectations and beliefs concerning future events, these forward-looking statements involve risks and uncertainties and assumptions as to future events that may not prove to be accurate. Pernix provides no assurances regarding its future performance, ability to realize future benefits, cost savings and synergies of the completed merger or future opportunities for the combined company. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: the challenges and costs of integrating, restructuring and achieving anticipated cost savings and synergies and other economic, business, competitive, and/or regulatory factors affecting the business of Pernix generally. In addition to these factors, investors should note the other factors described under the caption "Risk Factors" in Pernix's Form 10-K, Form 10-Q and Form 8-K filings with the Securities and Exchange Commission and as otherwise enumerated herein or therein. These forward-looking statements speak only as of the date hereof. Pernix disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this document.
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"the",
"transaction",
"by",
"stockholders",
"of",
"Somaxon",
"at",
"the",
"special",
"meeting",
"held",
"on",
"March",
"6",
",",
"2013",
".",
"Under",
"the",
"terms",
"of",
"the",
"agreement",
"announced",
"on",
"December",
"11",
",",
"2012",
",",
"Pernix",
"acquired",
"all",
"of",
"the",
"common",
"stock",
"of",
"Somaxon",
"in",
"a",
"stock",
"-",
"for",
"-",
"stock",
"transaction",
"with",
"a",
"total",
"value",
"of",
"$",
"25 million",
".",
"Somaxon",
"stockholders",
"will",
"receive",
"approximately",
"3,665,689",
"million",
"shares",
"of",
"Pernix",
"common",
"stock",
"based",
"on",
"a",
"per",
"share",
"price",
"of",
"Pernix",
"'s",
"common",
"stock",
"of",
"$",
"6.82",
",",
"the",
"volume",
"-",
"weighted",
"average",
"price",
"of",
"Pernix",
"'s",
"common",
"stock",
"over",
"the",
"30",
"-",
"day",
"period",
"ending",
"on",
"the",
"day",
"immediately",
"prior",
"to",
"today",
"'s",
"closing",
".",
"Cooper",
"Collins",
",",
"President",
"and",
"CEO",
"of",
"Pernix",
",",
"said",
",",
"\"",
"We",
"are",
"pleased",
"to",
"complete",
"the",
"acquisition",
"of",
"Somaxon",
",",
"which",
"is",
"expected",
"to",
"continue",
"to",
"broaden",
"our",
"product",
"portfolio",
".",
"We",
"expect",
"Silenor",
"to",
"be",
"an",
"important",
"addition",
"to",
"our",
"product",
"line",
"that",
"will",
"be",
"promoted",
"by",
"our",
"sales",
"force",
",",
"and",
"we",
"may",
"also",
"develop",
"Silenor",
"as",
"an",
"OTC",
"product",
"\"",
".",
"Silenor",
"®",
"(",
"doxepin",
")",
"is",
"approved",
"for",
"the",
"treatment",
"of",
"insomnia",
"characterized",
"by",
"difficulty",
"with",
"sleep",
"maintenance",
"and",
"is",
"not",
"a",
"controlled",
"substance",
".",
"In",
"clinical",
"trials",
",",
"Silenor",
"demonstrated",
"maintenance",
"of",
"sleep",
",",
"including",
"into",
"the",
"seventh",
"and",
"eighth",
"hours",
"of",
"the",
"night",
",",
"with",
"no",
"meaningful",
"evidence",
"of",
"next",
"day",
"residual",
"effects",
"and",
"an",
"overall",
"adverse",
"events",
"profile",
"that",
"was",
"comparable",
"to",
"placebo",
".",
"Stifel",
"Nicolaus",
"Weisel",
"acted",
"as",
"financial",
"advisor",
"to",
"Somaxon",
"in",
"the",
"transaction",
".",
"Important",
"Safety",
"Information",
"About",
"Silenor",
"Because",
"sleep",
"disturbances",
"may",
"be",
"caused",
"by",
"underlying",
"physical",
"and",
"/",
"or",
"psychiatric",
"disorders",
",",
"symptomatic",
"treatment",
"of",
"insomnia",
"should",
"be",
"initiated",
"only",
"after",
"a",
"careful",
"evaluation",
"of",
"the",
"patient",
".",
"The",
"failure",
"of",
"insomnia",
"to",
"remit",
"after",
"7",
"-",
"10",
"days",
"of",
"treatment",
"may",
"indicate",
"the",
"presence",
"of",
"a",
"primary",
"psychiatric",
"and",
"/",
"or",
"medical",
"illness",
"that",
"should",
"be",
"evaluated",
".",
"Patients",
"should",
"only",
"take",
"Silenor",
"when",
"they",
"are",
"prepared",
"to",
"get",
"a",
"full",
"night",
"'s",
"sleep",
".",
"Silenor",
"should",
"be",
"taken",
"within",
"30",
"minutes",
"of",
"bedtime",
",",
"and",
"patients",
"should",
"confine",
"their",
"activities",
"after",
"ingestion",
"to",
"those",
"necessary",
"to",
"prepare",
"for",
"bed",
".",
"Patients",
"should",
"not",
"consume",
"alcohol",
"or",
"take",
"other",
"drugs",
"that",
"cause",
"drowsiness",
"with",
"Silenor",
".",
"Co",
"-",
"administration",
"of",
"monoamine",
"oxidase",
"inhibitors",
"(",
"MAOIs",
")",
"with",
"Silenor",
"has",
"not",
"been",
"studied",
"and",
"is",
"not",
"recommended",
".",
"Patients",
"should",
"not",
"take",
"Silenor",
"if",
"they",
"have",
"untreated",
"narrow",
"angle",
"glaucoma",
",",
"severe",
"urinary",
"retention",
",",
"severe",
"sleep",
"apnea",
"or",
"hypersensitivity",
"to",
"any",
"of",
"the",
"ingredients",
"in",
"Silenor",
".",
"Patients",
"should",
"avoid",
"engaging",
"in",
"hazardous",
"activities",
"such",
"as",
"operating",
"a",
"motor",
"vehicle",
"or",
"heavy",
"machinery",
"at",
"night",
"after",
"taking",
"Silenor",
",",
"and",
"patients",
"should",
"be",
"cautioned",
"about",
"potential",
"impairment",
"in",
"the",
"performance",
"of",
"such",
"activities",
"that",
"may",
"occur",
"during",
"the",
"day",
"following",
"ingestion",
".",
"Before",
"taking",
"Silenor",
",",
"patients",
"should",
"tell",
"their",
"doctors",
"if",
"they",
"have",
"a",
"history",
"of",
"depression",
",",
"mental",
"illness",
"or",
"suicidal",
"thoughts",
".",
"Hypnotics",
"have",
"been",
"associated",
"with",
"complex",
"behaviors",
"such",
"as",
"sleep",
"driving",
",",
"preparing",
"and",
"eating",
"food",
",",
"making",
"phone",
"calls",
",",
"or",
"having",
"sex",
".",
"Drowsiness",
",",
"upper",
"respiratory",
"tract",
"infections",
"and",
"nausea",
"were",
"the",
"most",
"common",
"adverse",
"events",
"observed",
"in",
"Silenor",
"clinical",
"trials",
".",
"About",
"Pernix",
"Therapeutics",
"Holdings",
",",
"Inc",
".",
"Pernix",
"Therapeutics",
"is",
"a",
"specialty",
"pharmaceutical",
"company",
"primarily",
"focused",
"on",
"the",
"sales",
",",
"marketing",
",",
"manufacturing",
"and",
"development",
"of",
"branded",
",",
"generic",
"and",
"OTC",
"pharmaceutical",
"products",
".",
"The",
"Company",
"manages",
"a",
"portfolio",
"of",
"branded",
"products",
",",
"including",
"the",
"recently",
"acquired",
"Hawthorn",
"Pharmaceuticals",
"'",
"product",
"line",
".",
"The",
"Company",
"'s",
"branded",
"products",
"for",
"the",
"pediatrics",
"market",
"include",
"CEDAX",
"®",
",",
"an",
"antibiotic",
"for",
"middle",
"ear",
"infections",
",",
"NATROBA",
"™",
",",
"a",
"topical",
"treatment",
"for",
"head",
"lice",
"marketed",
"under",
"an",
"exclusive",
"co",
"-",
"promotion",
"agreement",
"with",
"ParaPRO",
",",
"LLC",
",",
"and",
"a",
"family",
"of",
"treatments",
"for",
"cough",
"and",
"cold",
"(",
"ZUTRIPRO",
"®",
",",
"BROVEX",
"®",
",",
"ALDEX",
"®",
"and",
"PEDIATEX",
"®",
")",
".",
"The",
"Company",
"'s",
"branded",
"products",
"for",
"gastroenterology",
"include",
"OMECLAMOX",
"-",
"PAK",
"®",
",",
"a",
"10",
"-",
"day",
"treatment",
"for",
"H",
".",
"pylori",
"infection",
"and",
"duodenal",
"ulcer",
"disease",
",",
"and",
"REZYST",
"™",
",",
"a",
"probiotic",
"blend",
"to",
"promote",
"dietary",
"management",
".",
"The",
"Company",
"also",
"markets",
"the",
"branded",
"product",
",",
"SILENOR",
",",
"for",
"the",
"treatment",
"of",
"insomnia",
".",
"The",
"Company",
"promotes",
"its",
"branded",
"pediatric",
"and",
"gastroenterology",
"products",
"through",
"its",
"sales",
"force",
".",
"Pernix",
"markets",
"its",
"generic",
"products",
"through",
"its",
"wholly",
"-",
"owned",
"subsidiaries",
",",
"Cypress",
"Pharmaceuticals",
"and",
"Macoven",
"Pharmaceuticals",
".",
"The",
"Company",
"'s",
"wholly",
"-",
"owned",
"subsidiary",
",",
"Great",
"Southern",
"Laboratories",
",",
"manufactures",
"and",
"packages",
"products",
"for",
"the",
"pharmaceutical",
"industry",
"in",
"a",
"wide",
"range",
"of",
"dosage",
"-",
"forms",
".",
"A",
"product",
"candidate",
"utilizing",
"cough",
"-",
"related",
"intellectual",
"property",
"is",
"in",
"development",
"for",
"the",
"U",
".",
"S",
".",
"OTC",
"market",
".",
"Founded",
"in",
"1996",
",",
"the",
"Company",
"is",
"based",
"in",
"The",
"Woodlands",
",",
"TX",
".",
"Additional",
"information",
"about",
"Pernix",
"is",
"available",
"on",
"the",
"Company",
"'s",
"website",
"located",
"at",
"www.pernixtx.com",
".",
"Cautionary",
"Notice",
"Regarding",
"Forward",
"-",
"Looking",
"Statements",
"This",
"press",
"release",
"contains",
"forward",
"-",
"looking",
"statements",
"within",
"the",
"meaning",
"of",
"the",
"Private",
"Securities",
"Litigation",
"Reform",
"Act",
"of",
"1995",
",",
"including",
"future",
"financial",
"and",
"operating",
"results",
",",
"benefits",
"and",
"synergies",
"of",
"the",
"proposed",
"merger",
",",
"potential",
"cost",
"savings",
",",
"future",
"opportunities",
"for",
"the",
"combined",
"company",
"and",
"any",
"other",
"statements",
"about",
"Pernix",
"'s",
"future",
"expectations",
",",
"beliefs",
",",
"goals",
",",
"plans",
"or",
"prospects",
".",
"Statements",
"including",
"words",
"such",
"as",
"\"",
"estimate",
"\"",
",",
"\"",
"plan",
"\"",
",",
"\"",
"project",
"\"",
",",
"\"",
"forecast",
"\"",
",",
"\"",
"intend",
"\"",
",",
"\"",
"view",
"\"",
",",
"\"",
"hope",
"\"",
",",
"\"",
"could",
"\"",
",",
"\"",
"will",
"\"",
",",
"\"",
"should",
"\"",
",",
"\"",
"expect",
"\"",
",",
"\"",
"anticipate",
"\"",
",",
"\"",
"believe",
"\"",
",",
"\"",
"seek",
"\"",
",",
"\"",
"target",
"\"",
"or",
"similar",
"expressions",
"should",
"also",
"be",
"considered",
"forward",
"-",
"looking",
"statements",
".",
"Because",
"these",
"statements",
"reflect",
"current",
"views",
",",
"expectations",
"and",
"beliefs",
"concerning",
"future",
"events",
",",
"these",
"forward",
"-",
"looking",
"statements",
"involve",
"risks",
"and",
"uncertainties",
"and",
"assumptions",
"as",
"to",
"future",
"events",
"that",
"may",
"not",
"prove",
"to",
"be",
"accurate",
".",
"Pernix",
"provides",
"no",
"assurances",
"regarding",
"its",
"future",
"performance",
",",
"ability",
"to",
"realize",
"future",
"benefits",
",",
"cost",
"savings",
"and",
"synergies",
"of",
"the",
"completed",
"merger",
"or",
"future",
"opportunities",
"for",
"the",
"combined",
"company",
".",
"The",
"following",
"factors",
",",
"among",
"others",
",",
"could",
"cause",
"actual",
"results",
"to",
"differ",
"materially",
"from",
"those",
"described",
"in",
"the",
"forward",
"-",
"looking",
"statements",
":",
"the",
"challenges",
"and",
"costs",
"of",
"integrating",
",",
"restructuring",
"and",
"achieving",
"anticipated",
"cost",
"savings",
"and",
"synergies",
"and",
"other",
"economic",
",",
"business",
",",
"competitive",
",",
"and",
"/",
"or",
"regulatory",
"factors",
"affecting",
"the",
"business",
"of",
"Pernix",
"generally",
".",
"In",
"addition",
"to",
"these",
"factors",
",",
"investors",
"should",
"note",
"the",
"other",
"factors",
"described",
"under",
"the",
"caption",
"\"",
"Risk",
"Factors",
"\"",
"in",
"Pernix",
"'s",
"Form",
"10",
"-",
"K",
",",
"Form",
"10",
"-",
"Q",
"and",
"Form",
"8",
"-",
"K",
"filings",
"with",
"the",
"Securities",
"and",
"Exchange",
"Commission",
"and",
"as",
"otherwise",
"enumerated",
"herein",
"or",
"therein",
".",
"These",
"forward",
"-",
"looking",
"statements",
"speak",
"only",
"as",
"of",
"the",
"date",
"hereof",
".",
"Pernix",
"disclaims",
"any",
"intention",
"or",
"obligation",
"to",
"update",
"any",
"forward",
"-",
"looking",
"statements",
"as",
"a",
"result",
"of",
"developments",
"occurring",
"after",
"the",
"date",
"of",
"this",
"document",
"."
] | [
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"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.BUYING_COMPANY",
"I-Parties.BUYING_COMPANY",
"O",
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"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",
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"B-Parties.BUYING_COMPANY",
"I-Parties.BUYING_COMPANY",
"I-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",
"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",
"B-Parties.BUYING_COMPANY",
"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",
"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",
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1043382-000104338210000014-exhibit_99-1 | EX-99.1
2
exhibit_99-1.htm
EXHIBIT 99.1 - PRESS RELEASE
exhibit_99-1.htm
Exhibit 99.1
NEWS
FOR IMMEDIATE RELEASE
Solutia Inc.
575 Maryville Centre Drive
St. Louis, Missouri 63141
P.O. Box 66760
St. Louis, Missouri 63166-6760
Media:
Melissa Zona (314) 674-5555
Investors:
Susannah Livingston (314) 674-8914
Solutia Completes Acquisition of Etimex Solar
Uniquely positions Solutia as a global provider of both major encapsulants to the fast-growing
photovoltaics industry
ST. LOUIS, June 1, 2010 --
Solutia Inc. (NYSE: SOA) has consummated the previously announced purchase of Etimex Solar GmbH, producer of Vistasolar® encapsulants, including a leading ethylene vinyl acetate (EVA) encapsulant to the photovoltaic market. The €240 ($294) million acquisition of German-based Etimex Solar from Etimex Holding GmbH, which is controlled by funds advised by Alpha Gruppe, was funded with existing cash.
"The completion of this transaction is a significant step in Solutia's previously stated strategy to prudently grow its specialty chemicals and performance materials portfolio through highly synergistic, bolt-on acquisitions", said Jeffry N. Quinn, chairman, president and chief executive officer of Solutia Inc. "This acquisition enhances Solutia's already strong margins while diversifying and expanding our end markets, further strengthening our position as a leading components supplier to the high-growth renewable energy sector".
The addition of Vistasolar EVA into Solutia's Advanced Interlayer division, which includes Saflex PVB, uniquely positions Solutia as the sole provider of both major encapsulants to the fast-growing photovoltaic industry. "We are positioned to better meet customer needs by providing the broadest product offering in the industry", said Timothy J. Wessel, president and general manager of Solutia's Advanced Interlayer division. "The combined processing expertise, global commercial capabilities and technology resources will accelerate the expansion of both Saflex and Vistasolar in the photovoltaic market".
# # #
NOTE TO EDITORS
: Solutia, Saflex and Vistasolar are trademarks of Solutia Inc. and/or its subsidiaries. Etimex Solar and Etimex are trademarks of Etimex Holding GmbH.
Forward Looking Statements
This press release contains forward-looking statements, including, but not limited to statements about projected financial performance, which can be identified by the use of words such as "believes", "expects", "may", "will", "intends", "plans", "estimates" or "anticipates", or other comparable terminology, or by discussions of strategy, plans or intentions. These statements are based on management's current expectations and assumptions about the industries in which Solutia operates. Forward-looking statements are not guarantees of future performance and are subject to significant risks and uncertainties that may cause actual results or achievements to be materially different from the future results or achievements expressed or implied by the forward-looking statements. These risks and uncertainties include, but are not limited to, the accuracy of our assumptions, and those risk and uncertainties described in Solutia's most recent Annual Report on Form 10-K, including under "Cautionary Statement About Forward Looking Statements" and "Risk Factors", and Solutia's quarterly reports on Form 10-Q. These reports can be accessed through the "Investors" section of Solutia's website at www.solutia.com. Solutia disclaims any intent or obligation to update or revise any forward-looking statements in response to new information, unforeseen events, changed circumstances or any other occurrence.
Corporate Profile
Solutia is a market-leading performance materials and specialty chemicals company. The company focuses on providing solutions for a better life through a range of products, including: Saflex® polyvinyl butyral interlayers for glass lamination and for photovoltaic module encapsulation and Vistasolar® ethylene vinyl acetate films for photovoltaic module encapsulation; LLumar®, Vista™, FormulaOne™, Gila®, V-Kool®, Hüper Optik®, Sun-X® and Nanolux® aftermarket performance films for automotive and architectural applications; Flexvue™ advanced film component solutions for solar and electronic technologies; and technical specialties products including Crystex® insoluble sulfur, Santoflex® PPD antidegradants, Therminol® heat transfer fluids and Skydrol® aviation hydraulic fluids. Solutia's businesses are world leaders in each of their market segments. With its headquarters in St. Louis, Missouri, USA, the company operates globally with approximately 3,300 employees in more than 50 worldwide locations. More information is available at www.Solutia.com.
Source: Solutia Inc.
St. Louis
6/1/10
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48465-000110465913006551-a13-4060_1ex99 | EX-99
2
a13-4060_1ex99.htm
EX-99
Exhibit 99
Contact:
Julie H. Craven
507-437-5345
media@hormel.com
Hormel Foods closes acquisition of U.S. Skippy
®
peanut butter business
AUSTIN, Minn.,
(January 31, 2013) - Hormel Foods Corporation (NYSE: HRL) today announced the closing of its acquisition of the United States based
Skippy
®
peanut butter business from Unilever United States Inc., of Englewood Cliffs, N.J. This closing includes the Little Rock, Ark., manufacturing facility and all sales worldwide, except sales in China. Hormel Foods expects to close the acquisition of the China based
Skippy
®
peanut butter business by the end of its fiscal year 2013.
Total annual sales for the
Skippy
®
peanut butter business are expected to be approximately $370 million, with nearly $100 million of those sales outside the United States. The purchase price is approximately $700 million.
The
Skippy
®
peanut butter domestic line consists of 11 varieties of shelf-stable peanut butter products. The brand, first introduced in 1932, holds the No. 2 share in this growing center-of-the-store category and is the leading brand in the faster growing subcategory of natural peanut butter. Peanut butter is a $2 billion category with a 74 percent household penetration and is the second most popular sandwich behind ham in the United States.
Internationally,
Skippy
®
peanut butter is the leading brand in China and is sold in more than 30 other countries on five continents.
About Hormel Foods
Hormel Foods Corporation, based in Austin, Minn., is a multinational manufacturer and marketer of consumer-branded food and meat products, many of which are among the best known and trusted in the food industry. The company leverages its extensive expertise, innovation and high competencies in pork and turkey processing and marketing to bring branded, value-added products to the global marketplace. The company is a member of the Standard & Poor's (S&P) 500 Index, S&P Dividend Aristocrats for 2012, Maplecroft Climate Innovation Indexes, Global 1000 Sustainable Performance Leaders and was again named one of "The 100 Best Corporate Citizens" by Corporate Responsibility Magazine for the fourth year in a row. Hormel Foods debuted on the G.I. Jobs magazine list of America's Top 100 Military Friendly Employers in 2012. The company enjoys a strong reputation among consumers, retail grocers, foodservice and industrial customers for products highly regarded for quality, taste, nutrition, convenience and value. For more information, visit
http://www.hormelfoods.com
.
Forward-Looking Statements
This news release contains forward-looking information based on management's current views and assumptions. Actual events may differ materially. Factors that may affect actual results include, but are not limited to: whether and when the required regulatory approvals will be obtained, whether and when the closing conditions will be satisfied and whether and when the transaction will close, whether and when the Company will be able to realize the expected financial results and accretive effect of the transaction, and how customers, competitors, suppliers and employees will react to the transaction. Please refer to the cautionary comments regarding Forward-Looking Statements and Risk Factors that appear on pages 27-30 in the company's 2012 annual report, which can be accessed at http://www.hormelfoods.com under "Investors-Annual Reports" for other factors that could affect our business.
1
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".",
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"Foods",
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",",
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",",
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"-",
"branded",
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",",
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",",
"value",
"-",
"added",
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"'",
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"The",
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"Best",
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"Citizens",
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"Responsibility",
"Magazine",
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",",
"retail",
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",",
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"highly",
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",",
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",",
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",",
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"value",
".",
"For",
"more",
"information",
",",
"visit",
"http://www.hormelfoods.com",
".",
"Forward",
"-",
"Looking",
"Statements",
"This",
"news",
"release",
"contains",
"forward",
"-",
"looking",
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"Actual",
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"Factors",
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"may",
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"actual",
"results",
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",",
"but",
"are",
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"limited",
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":",
"whether",
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"when",
"the",
"required",
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"approvals",
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",",
"whether",
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",",
"whether",
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",",
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",",
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",",
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"comments",
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"-",
"Looking",
"Statements",
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"-",
"30",
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"company",
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"2012",
"annual",
"report",
",",
"which",
"can",
"be",
"accessed",
"at",
"http://www.hormelfoods.com",
"under",
"\"",
"Investors",
"-",
"Annual",
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"\"",
"for",
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1069899-000157104916011076-t1600238_ex99-1 | EX-99.1
2
t1600238_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
For Immediate Release
Phibro Animal Health Corporation Announces Closing of Acquisition
of Business of MVP Laboratories, Inc.
TEANECK, N.J., January 25, 2016 (GLOBE
NEWSWIRE)
- Phibro Animal Health Corporation ("Phibro") (NASDAQ:PAHC) today announced it has completed its
purchase of the assets of MVP Laboratories, Inc. ("MVP"), a developer, manufacturer and marketer of livestock vaccines,
vaccine adjuvants and other products based in Omaha, Nebraska. Phibro previously announced an agreement to purchase the assets
of MVP Laboratories, Inc. on January 12, 2016.
About Phibro Animal Health Corporation
Phibro Animal Health Corporation is a diversified global developer,
manufacturer and marketer of a broad range of animal health and mineral nutrition products for use in the production of poultry,
swine, cattle, dairy and aquaculture. The company reported net sales of $749 million for the fiscal year ended June 30, 2015.
For further information, please visit www.pahc.com.
Contact
Phibro Animal Health Corporation
Richard Johnson
Chief Financial Officer
+1-201-329-7300
investor.relations@pahc.com
Forward-Looking Statements
This communication contains forward-looking
statements, which reflect Phibro's current views with respect to business plans or prospects, the transactions described
herein, and other future events. You can identify forward-looking statements by the fact that they do not relate strictly to historical
or current facts. These statements may include words such as "aim", "anticipate", "believe,"
"estimate", "expect", "forecast", "outlook", "potential", "project,"
"projection", "plan", "intend", "seek", "believe", "may,"
"could", "would", "will", "should", "can", "can have,"
"likely", the negatives thereof and other words and terms of similar meaning in connection with any discussion of
the timing or nature of future operating or financial performance or other events. These statements are not guarantees of future
performance or actions. Forward-looking statements are subject to risks and uncertainties. If one or more of these risks or uncertainties
materialize, or if management's underlying assumptions prove to be incorrect, actual results may differ materially from
those contemplated by a forward-looking statement. Forward-looking statements speak only as of the date on which they are made.
Phibro expressly disclaims any obligation to update or revise any forward-looking statement, whether as a result of new information,
future events or otherwise. A further list and description of risks, uncertainties and other matters can be found in our Annual
Report on Form 10-K and our Quarterly Reports on Form 10-Q, including in the sections thereof captioned "Forward-Looking
Statements" and "Risk Factors." These filings and subsequent filings are available online at
www.sec.gov
,
www.pahc.com
, or on request from Phibro.
| [
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".",
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",",
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".",
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"Animal",
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"Richard",
"Johnson",
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"+",
"1",
"-",
"201",
"-",
"329",
"-",
"7300",
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End of preview. Expand
in Dataset Viewer.
Dataset Card for BUSTER
BUSiness Transaction Entity Recognition dataset.
BUSTER is an Entity Recognition (ER) benchmark for entities related to business transactions. It consists of a gold corpus of 3779 manually annotated documents on financial transactions that were randomly divided into 5 folds, plus an additional silver corpus of 6196 automatically annotated documents that were created by the model-optimized RoBERTa system.
Data Splits Statistics
Gold | Silver | |||||||
---|---|---|---|---|---|---|---|---|
fold 1 | fold 2 | fold 3 | fold 4 | fold 5 | Total | Total | ||
N. Docs | 753 | 759 | 758 | 755 | 754 | 3779 | 6196 | |
N. Tokens | 685K | 680K | 687K | 697K | 688K | 3437K | 5647K | |
N. Annotations | 4119 | 4267 | 4100 | 4103 | 4163 | 20752 | 33272 |
Pre-print
You can find the pre-print here.
Citation Information
If you use BUSTER in your work, please cite us:
@inproceedings{zugarini-etal-2023-buster,
title = "{BUSTER}: a {``}{BUS}iness Transaction Entity Recognition{''} dataset",
author = "Zugarini, Andrea and
Zamai, Andrew and
Ernandes, Marco and
Rigutini, Leonardo",
editor = "Wang, Mingxuan and
Zitouni, Imed",
booktitle = "Proceedings of the 2023 Conference on Empirical Methods in Natural Language Processing: Industry Track",
month = dec,
year = "2023",
address = "Singapore",
publisher = "Association for Computational Linguistics",
url = "https://aclanthology.org/2023.emnlp-industry.57",
doi = "10.18653/v1/2023.emnlp-industry.57",
pages = "605--611",
abstract = "Albeit Natural Language Processing has seen major breakthroughs in the last few years, transferring such advances into real-world business cases can be challenging. One of the reasons resides in the displacement between popular benchmarks and actual data. Lack of supervision, unbalanced classes, noisy data and long documents often affect real problems in vertical domains such as finance, law and health. To support industry-oriented research, we present BUSTER, a BUSiness Transaction Entity Recognition dataset. The dataset consists of 3779 manually annotated documents on financial transactions. We establish several baselines exploiting both general-purpose and domain-specific language models. The best performing model is also used to automatically annotate 6196 documents, which we release as an additional silver corpus to BUSTER.",
}
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