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890634-000095013607006858-file2 | EX-99.1
2
file2.htm
PRESS RELEASE
Allied Healthcare International Inc. Divests Respiratory Therapy Division for $74.7 Million
Company Sets Course to Focus on Flexible Staffing and Homecare Services
NEW YORK--October 1, 2007-Allied Healthcare International Inc. (NASDAQ:
AHCI
-
News
), (AIM: AHI), a leading provider of healthcare staffing in the United Kingdom, announces the sale of its subsidiaries, Allied Respiratory Ltd. and Medigas Ltd., to Air Liquide Group (Paris:
AI
-
News
), a world leader in industrial and medical gases and related services, for approximately $74.7 million in cash. Allied Respiratory provides unified oxygen services including concentrators directly to customers in the South East of England and Northern Ireland as well as cylinder gases in Scotland.
The consideration is denominated in sterling and consists of an initial consideration of GBP 36.5 million with GBP 500,000 held back until certain conditions are met.
"As we move forward, Allied will continue to concentrate its efforts on expanding the Company's significant UK branch network, which provides Homecare Services and Flexible Staffing to local governments and Primary Care Trusts", commented Sarah L. Eames, Interim Chief Executive Officer and Deputy Chairman. "Allied is committed to providing a full spectrum of disease state management programs to sustain patient independence and mobility in the home. The Company has vetted and trained carers, nurses, and case managers, and develops individual care plans to meet the ever-changing patient requirements outside of the hospital setting. We are fully prepared to move forward with our mission to increase Allied's market share in the growing UK homecare services market".
David Moffatt, Allied Healthcare Chief Financial Officer, commented: "Allied will utilize the proceeds from the transaction to pay down debt and invest in information technology that will enable the company to more efficiently partner with local governments in patient care management. We are optimistic about the growing market potential that exists in the UK, and look forward to moving ahead with a significantly strengthened balance sheet".
About Allied Healthcare International Inc.
Allied Healthcare International Inc. (
http://www.alliedhealthcare.com
) is a leading provider of flexible healthcare staffing services in the United Kingdom. Allied operates a community-based network of approximately one hundred branches with the capacity to provide carers (known as home health aides in the U.S.), nurses, and specialized medical personnel to locations covering approximately 90% of the U.K. population. Allied meets the needs of private patients, community care providers, nursing homes, and hospitals. For the nine months ended June 30, 2007, Allied Respiratory generated revenues of $19.4 million (GBP 9.9 million), operating profit of $4.9 million (GBP 2.5 million) and at that date had assets of $21.6 million (GBP 10.8 million).
FORWARD-LOOKING STATEMENTS
Certain statements contained in this news release may be forward-looking statements. These forward-looking statements are based on current expectations and projections about future events. Actual results could differ materially from those discussed in, or implied by, these forward-looking statements. Factors that could cause actual results to differ from those implied by the forward-looking statements include: Allied's ability to continue to recruit and retain qualified flexible healthcare staff; ability to enter into contracts with hospitals and other healthcare facility customers on terms attractive to Allied; the general level of patient occupancy at hospital and healthcare facilities of Allied's customers; dependence on the proper functioning of Allied's information systems; the effect of existing or future government regulation of the healthcare industry, and ability to
comply with these regulations; the impact of medical malpractice and other claims asserted against Allied; the effect of regulatory change that may apply to Allied and that may increase costs and reduce revenue and profitability; the ability to use net operating loss carry forwards to offset net income; the effect of the fluctuations in foreign currency exchange rates may have on our dollar denominated results of operations; and the impairment of goodwill, of which Allied has a substantial amount on the balance sheet, may have the effect of decreasing earnings or increasing losses. Other factors that could cause actual results to differ from those implied by the forward-looking statements in this press release include those described in Allied's most recently filed SEC documents, such as its most recent annual report on Form 10-K, all quarterly reports on Form 10-Q and any current reports on Form 8-K filed since the date of the last Form 10-K. Allied undertakes no obligation to
publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact:
Allied Healthcare International Inc.
David Moffatt, 20-7838-9922
Chief Financial Officer
davidmoffatt@alliedhealthcare.com
or
The Investor Relations Group
Adam Holdsworth, 212-825-3210
or
Rachel Colgate, 212-825-3210
or
Cenkos Securities plc (Nominated Adviser and Broker)
Ian Soanes, +44 (0)20-7397-8924
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1538716-000153871621000248-pressrelease12-22x21 | EX-99.2
3
pressrelease12-22x21.htm
EX-99.2
pressrelease12-22x21
Oportun completes acquisition of Digit, a neobanking company and platform SAN CARLOS, Calif., Dec. 22, 2021 - Oportun (Nasdaq:OPRT), a mission-driven fintech company announced today that it has completed the acquisition of Digit (digit.co), a neobanking platform that provides automated savings, investing, and banking tools. According to the company, the acquisition of Digit further expands its A.I. and digital capabilities to provide hardworking consumers a holistic offering built to address their financial needs. "This is a transformational deal that positions Oportun for even more future success", said Raul Vazquez, CEO of Oportun. "With this transaction, we are combining two mission-driven organizations with complementary services, capabilities, and member bases." Oportun acquired Digit for approximately $211.1 million, comprised of an aggregate of approximately $112.6 million in cash and approximately $98.5 million in Oportun common stock and/or restricted stock units to be settled in Oportun common stock on the basis of a price of $24.477 per share of Oportun common stock, determined at the time of signing pursuant to the definitive agreement between the parties. Oportun also closed a financing facility from Jefferies to finance the cash consideration. Digit is a neobanking platform founded in 2013 that provides its 600,000 paying members with personalized savings, investing and banking tools. Digit members can keep and integrate their existing bank accounts into the platform, or they can make Digit their primary banking relationship by opening new accounts via Digit's bank partner. Enabled by A.I., Digit automatically sets aside funds for members by analyzing cash flow and recognizing how much can be saved and invested today, while remaining well within a member's immediate financial means. Details Regarding the Acquisition Digit will operate as a business unit within Oportun and continue to be led by Digit founder and CEO, Ethan Bloch. All of Digit's 100+ employees have joined Oportun and will continue their job functions. J.P. Morgan served as exclusive financial advisor and Wilson Sonsini Goodrich & Rosati served as legal counsel to Oportun. Jefferies provided the financing facility. Goodwin Procter served as legal counsel to Digit. Financial Technology Partners served as exclusive strategic and financial advisor to Digit. An investor presentation related to the acquisition is available here.
Additional details and information about the terms and conditions of the acquisition will be available in a current report on Form 8-K to be filed by Oportun with the Securities and Exchange Commission. For more information about Oportun, visit www.oportun.com. For more information about Digit, visit www.digit.co. About Oportun Oportun (Nasdaq: OPRT) is a digital banking platform that uses A.I. to make financial health effortless for anyone. Oportun helps its 1.4 million members meet their daily borrowing, banking, savings, and investing needs. Since its inception, Oportun has provided more than $10 billion in responsible and affordable loans, and its members have set aside more than $7 billion for rainy days and other needs, saved more than $2 billion on interest and fees, and paid down more than $300 million in personal debt. In recognition of its responsibly designed products and mission to provide inclusive and affordable financial services that empower hardworking individuals to build a better future, Oportun has been certified as a Community Development Financial Institution (CDFI) since 2009. Forward-Looking Statements This communication contains forward-looking statements regarding Oportun's ("Oportun", "we" or "our") future business expectations which involve risks and uncertainties, including the expected opportunities and effects of the acquisition of Hello Digit, Inc. ("Digit") and the expectation that the acquisition of Digit will accelerate customer and revenue growth. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. Forward-looking statements include all statements that are not historical facts and can be identified by terms such as "anticipate", "assume", "believe", "contemplate", "continue", "could", "estimate", "expect", "hope", "intend", "may", "might", "objective", "ongoing", "plan", "potential", "predict", "project", "should", "target", "will", or "would" or similar expressions and the negatives of those terms. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks, uncertainties and other factors relate to, among others: risks and uncertainties related to our acquisition of Digit, including the integration of the Digit business; failure to realize the expected benefits and synergies of the acquisition; the impact of the consummation of the acquisition on relationships with our and/or Digit's employees, customers, suppliers and other business partners; inability to retain key personnel; changes in legislation or government regulations affecting us or Digit; and economic, financial, social or political conditions that could adversely affect us or Digit. For additional information on other potential risks and uncertainties that could cause actual results to differ from the results predicted, please see our most recent Annual Report on Form 10-K and quarterly reports on Form 10-Q filed with the Securities and Exchange Commission. All forward-looking statements contained herein are made as of the date hereof. We undertake no duty to update this information unless required by law.
Media Contact George Gonzalez 650-769-0441 george.gonzalez@oportun.com Investor Contact Nils Erdmann 650-810-9074 ir@oportun.com
| [
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"769",
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1474464-000114420414052349-v387722_ex99-1 | EX-99.1
2
v387722_ex99-1.htm
PRESS RELEASE DATED AUGUST 25, 2014
FOR IMMEDIATE RELEASE
New York REIT, Inc. Acquires Twitter
Headquarters Building in Manhattan
New York, New York, August 25, 2014 - New York REIT, Inc.
("NYRT")
(NYSE: NYRT), a publicly traded real estate investment trust ("REIT"), announced today that it has closed its previously
announced acquisition of Twitter's headquarters in Manhattan located at 245-249 West 17
th
Street in the Chelsea
neighborhood.
The property, which includes a 12-story office tower combined
with an adjacent 6-story mixed use building, contains approximately 282,000 rentable square feet. In addition to Twitter, Room
& Board, Inc. occupies the retail portion of the building. Flywheel Sports, Inc. is also a tenant.
"We are extremely pleased to have closed our previously
announced acquisition of this flagship property strategically located in the heart of Chelsea's "Silicon Alley",
NYC's epicenter of creativity, technology, style, and energy" said New York REIT's President, Michael Happel.
Mr. Happel added, "The building is a beautiful, gut-renovation and contains two new lobbies along with brand new state-of-the-art
building systems, windows, elevators, and a stunning rooftop terrace that overlooks the Hudson River. Furthermore, we are excited
to have Twitter, one of the world's most coveted technology firms, as a core tenant".
About NYRT
NYRT is a publicly traded corporation listed on the NYSE and
is a New York City focused REIT that acquires income-producing commercial real estate, including office and retail properties,
in New York City. Additional information about NYRT can be found on its website at www.nyrt.com. NYRT may disseminate
important information regarding it and its operations, including financial information, through social media platforms such as
Twitter, Facebook and LinkedIn.
Forward Looking Statements
The statements in this press release that are not historical
facts may be forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause the
outcome to be materially different. In addition, words such as "will", "should", "may", "anticipate,"
"believe", "expect" and "intend" indicate a forward-looking statement, although not all forward-looking
statements include these words. Actual results may differ materially from those contemplated by such forward-looking statements,
including those set forth in the Risk Factors section of NYRT's Annual Report on Form 10-K filed on February 28, 2014.
Further, forward-looking statements speak only as of the date they are made, and NYRT 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, unless required by law.
Contacts
Anthony J. DeFazio
Michael A. Happel,
President
Gregory W. Sullivan,
CFO and COO
DDCworks
New York REIT, Inc.
New York REIT, Inc.
tdefazio@ddcworks.com
mhappel@arlcap.com
gsullivan@nyrt.com
(484) 342-3600
(212) 415-6500
(212) 415-6500
Andrew G. Backman, Managing Director
Investor Relations / Public Relations
RCS Capital Corporation
abackman@rcscapital.com
(917) 475-2135
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829323-000110465905033031-a05-12372_1ex99d1 | EX-99.1
4
a05-12372_1ex99d1.htm
EX-99.1
Exhibit 99.1
Think Partnership Acquires Real Estate School Online
Inc.
Accretive Merger Expected to Add Over $1.6 Million Annually to the
Company's Pre-Tax Income
NORTHBROOK,
Ill. - July 18, 2005 - In a move that will make CGI Holding Corporation
d/b/a Think Partnership Inc. (AMEX: THK
;
"Company") a major player in the growing field of online education, the Company
today announced that it has closed its acquisition of Real Estate School Online
Inc. ("Real Estate School Online").
Located
in Miami, Fla., Real Estate School Online is a leading provider of online
education products and services specializing in delivery of fully accredited
real estate licensing and continuing education courses. Already an industry
leader in Florida, Real Estate School Online has begun expanding its services
to other states. Perry Johannesburg, the president of Real Estate School
Online, will continue to serve in that capacity following the merger.
The Company has acquired all of the stock of Real
Estate School Online in exchange for $2.2 million in cash and CGI common stock with
an aggregate value of $2.2 million. Former shareholders of Real Estate School
Online will also be entitled to a one-time cash payment of up to $500,000 if
the pre-tax earnings of Real Estate School Online exceed specified targets
during the first twelve full calendar quarters following the closing. The
merger is expected to be immediately accretive to the earnings of Think
Partnership.
Gerard M. Jacobs, the Company's CEO, stated, "Real
Estate School Online is a growing and highly profitable company with a very
scalable business model. While we plan
to expand the Real Estate School Online services to other states, we expect
Real Estate School Online to realize over $1.6 million of pre-tax income over
the next twelve months without the benefit of our expansion plans or the
leverage that the marketing power of other Think subsidiaries will provide.
Perry Johannesburg is a very smart entrepreneur who is a great fit for our
growing partnership".
Scott Mitchell, the CEO of the Company's Cherish
subsidiary, added, "This merger is very much in line with Think Partnership's
strategy of bringing onboard companies that demonstrate consistent, strong
performance and that offer unique approaches to online services. Perry
Johannesburg's vision and leadership will serve as great assets to the parent
company and help assure continued growth and profitability".
"Real Estate School Online has experienced
tremendous growth of late and will one day have a national presence", said
Perry Johannesburg, president of Real Estate School Online. "Realizing
synergies with the many Think Partnership companies will position us well to
make that reality happen sooner than if we were going it alone. We fielded
purchase offers from many suitors, but in the end Think Partnership was the
best fit in terms of scope, expertise and complementary services".
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. later in 2005. The Company is based in
Northbrook, Ill. (see www.thinkpartnership.com) and currently has nine
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); PrimaryAds Inc.,
North Plainfield, NJ, a leading provider of affiliate
marketing services that connects website publishers with
online advertisers (see www.PrimaryAds.com); and
Real Estate School Online Inc., Miami, Fla., a leader in online education (see
www.RealEstateSchoolOnline.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 Morex Marketing Group
LLC, a New York-based limited liability company and parent company of Internet
Web site www.babytobee.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-QSB for the quarter
ended March 31, 2005 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:
WordSmith Communications (for CGI Holding Corporation)
Glenna Musante, 800-849-2118 ext. 126
gmusante@marketsmart.net
| [
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".",
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"Gerard",
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",",
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"the",
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",",
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",",
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"\"",
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"School",
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",",
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",",
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"School",
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"Partnership",
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",",
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"expertise",
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"The",
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"doing",
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"under",
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"\"",
"Think",
"Partnership",
"Inc",
".",
"\"",
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"will",
"seek",
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"shareholder",
"approval",
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"its",
"legal",
"name",
"to",
"Think",
"Partnership",
"Inc",
".",
"later",
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"2005",
".",
"The",
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"is",
"based",
"in",
"Northbrook",
",",
"Ill",
".",
"(",
"see",
"www.thinkpartnership.com",
")",
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"currently",
"has",
"nine",
"subsidiaries",
":",
"WebSourced",
",",
"Inc",
".",
",",
"Morrisville",
",",
"N",
".",
"C",
".",
",",
"a",
"leader",
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"engine",
"optimization",
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"pay",
"-",
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"-",
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"campaign",
"management",
"(",
"see",
"www.websourced.com",
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"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",
",",
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"shopping",
"evaluation",
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"(",
"see",
"www.marketsmart.net",
",",
"www.brightideastudios.com",
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"www.checkupmarketing.com",
")",
";",
"Cherish",
",",
"Inc",
".",
",",
"Clearwater",
",",
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".",
",",
"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",
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",",
"database",
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",",
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",",
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"-",
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",",
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"-",
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"Internet",
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"(",
"see",
"www.ozline.net",
")",
";",
"KowaBunga",
"!",
"Marketing",
",",
"Inc",
".",
",",
"Westland",
",",
"Mich",
".",
",",
"providing",
"Internet",
"marketing",
"software",
"technologies",
",",
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",",
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"opt",
"-",
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"marketing",
"(",
"see",
"www.kowabunga.com",
")",
";",
"PrimaryAds",
"Inc",
".",
",",
"North",
"Plainfield",
",",
"NJ",
",",
"a",
"leading",
"provider",
"of",
"affiliate",
"marketing",
"services",
"that",
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"website",
"publishers",
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"(",
"see",
"www.PrimaryAds.com",
")",
";",
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"Real",
"Estate",
"School",
"Online",
"Inc",
".",
",",
"Miami",
",",
"Fla",
".",
",",
"a",
"leader",
"in",
"online",
"education",
"(",
"see",
"www.RealEstateSchoolOnline.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",
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"communications",
"agency",
"with",
"a",
"core",
"competency",
"in",
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"marketing",
",",
"which",
"has",
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",",
"Ill",
".",
",",
"Dallas",
",",
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"Angeles",
",",
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")",
";",
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"signed",
"letters",
"of",
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"acquire",
":",
"Vintacom",
"Media",
"Group",
"Inc",
".",
",",
"Edmonton",
",",
"Alberta",
"Canada",
",",
"a",
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"dating",
"company",
"(",
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";",
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"Marketing",
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"LLC",
",",
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"-",
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"company",
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"Internet",
"Web",
"site",
"www.babytobee.com",
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"Statements",
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"-",
"looking",
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"For",
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",",
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"Company",
"'s",
"report",
"on",
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"10",
"-",
"QSB",
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"ended",
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"31",
",",
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"Condition",
"and",
"Results",
"of",
"Operations",
"-",
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"The",
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"results",
",",
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"activity",
",",
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";",
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"The",
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"-",
"looking",
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"herein",
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",",
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"which",
"any",
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".",
"Contact",
":",
"WordSmith",
"Communications",
"(",
"for",
"CGI",
"Holding",
"Corporation",
")",
"Glenna",
"Musante",
",",
"800",
"-",
"849",
"-",
"2118",
"ext",
".",
"126",
"gmusante@marketsmart.net"
] | [
"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",
"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",
"B-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",
"B-Parties.ACQUIRED_COMPANY",
"I-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",
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1411879-000114420413069299-v364039_ex99-1 | EX-99.1
4
v364039_ex99-1.htm
EXHIBIT 99.1
Innovus Pharmaceuticals,
Inc. Acquires Semprae Laboratories, Inc.
-
Adds Two Over the Counter Revenue-Generating Products, Zestra™ and Zestra Glide™, to its Female Sexual Health Product
Pipeline
LA
JOLLA, Calif., December 30, 2013 - Innovus Pharmaceuticals, Inc., ("Innovus Pharma" or the "Company")
www.innovuspharma.com (OTC: BB: INNV) today announced that the Company acquired Semprae Laboratories, Inc. ("Semprae")
through a merger and for shares of common stock of Innovus Pharma. Semprae is a New Jersey company founded by women in 2008 with
the goal of improving women's sexual lives. From the beginning, Semprae has been marketing Zestra™,
the first non-prescription product clinically proven to increase arousal, sensation, pleasure and satisfaction in women. In 2011,
Semprae introduced Zestra Glide™, an accompanying water based lubricant. Together
the two products had gross sales of approximately $1 million in 2013.
Innovus
Pharma currently has two products targeting male sexual health including EjectDelay™
for premature ejaculation and CIRCUMserum™
to help alleviate reduced penile sensitivity
The
acquisition of Semprae brings a number of benefits to Innovus Pharma:
1.
Immediate
revenue-generating non-prescription products for women's sexual health. The Company
believes that Zestra™ is the only non-prescription product shown in published double-blind,
placebo-controlled clinical trials in close to 300 women in the U.S. to have a statistical
increase in desire, arousal and satisfaction in women with Female Sexual Arousal Disorder
("FSAD") with minimal side effects; Zestra™ is recommended by many
gynecologists, urologists and sex therapist due to its clinical efficacy and safety;
2.
Approximately $1 million in
new additional annual gross revenues from the sales of these products;
3.
Strong
intellectual property protection. Zestra™ is protected by patents extending to
beyond 2021;
4.
Immediate
retail presence in some of the largest U.S. retail chains such as Walmart, Target, K
Mart and Drugstore.com and large drug wholesalers such McKesson, Cardinal Health and
H.D. Smith;
5.
Over
85,000 retail customers for these two products; and
6.
Institutional
venture shareholders, including Quakers Partners, L.P. and Versant Ventures, L.P.
"This
acquisition of Semprae moves Innovus Pharma into the commercial revenue-generating stage with needed products in the female sexual
health space,"
said Dr.
Bassam Damaj, President and Chief Executive Officer
of Innovus Pharma. "In addition, it gives Innovus the needed retail infrastructure for distributing the rest of our OTC
products in the US. The combination of Semprae's two products with those of Innovus Pharma creates a company that is clearly
an emerging leader in the over the counter male and female sexual health space.
"
"The
synergy of Innovus Pharma's products in the male sexual health space including EjectDelay™ for premature ejaculation
and CIRCUMSerum™ to alleviate reduced penile sensitivity, with Semprae's products which target the female sexuality
area including Zestra™ for female sexual arousal and Zestra Glide™ as a lubricant, uniquely position
the Company in the sexual health category for further accelerated growth and expansion,"
said Adele C. Oliva, Partner at Quaker Partners, L.P., a Philadelphia life sciences venture fund and one of the two lead venture
investors in Semprae.
"The
expertise of the Innovus management team, including Dr. Damaj's past experience and success with other products in this
category when he was CEO of Apricus Biosciences, will be very valuable to grow the Semprae products in the U.S. and internationally,"
commented Camille Samuels, former Managing Partner and currently Affiliated Director at Versant Ventures, the other lead venture
investor in Semprae.
Dr.
Damaj added that Innovus Pharma expects to acquire or develop more products to treat male or female sexual health.
About Zestra™ and Glide™
and Female Sexual Arousal
Zestra™
is a patented blend of natural oils clinically-proven in double-blind placebo-controlled clinical trials in close to 300 women
to increase in a statistical significant manner the arousal, desire and satisfaction in FSAD women. The product has been on the
U.S. Canadian markets for approximately five years through major retailers such as Walmart, Target and K-Mart and drug wholesalers
such as McKesson, Cardinal Health and HD Smith and through online sales. Zestra Glide™ is an accompanying water-based lubricant
developed and sold by Semprae. For more information visit
www.zestra.com
To date, no
product has been approved in the U.S. to treat FSAD, a persistent or recurring inability to attain or maintain adequate sexual
excitement until the completion of a sexual activity. The diagnosis can also refer to an inadequate lubrication-swelling response
normally present during arousal and sexual activity causing personal distress. Published papers on the FSAD market size estimate
it to be equal or larger than the market for erectile dysfunction in males, and possibly larger.
About EjectDelay™ and Premature
Ejaculation
EjectDelay™
is an over-the-counter ("OTC") U.S. Food and Drug Administration and Health Canada compliant proprietary topical treatment
containing the drug benzocaine and indicated for delay of premature ejaculation ("PE"). The drug typically works within
minutes of application to the glans of the penis. In clinical trials, the application of benzocaine has been shown to delay premature
ejaculation by several minutes. For more information visit
www.ejectdelay.com
.
PE is the most
common sexual dysfunction reported by men but is still under-diagnosed and under-treated. PE can happen at any age and its prevalence
is consistent across all ages. In an article in
The Journal of Sexual Medicine
in 2007 Sex Med 2007, D.L. Patrick, D. Rowland
and M. Rothman state,
"Global studies consistently report
that 20-30% of men experience PE worldwide. This means that PE is experienced at similar rates across the globe".
About CIRCUMserum
TM
and Reduced Penile Sensitivity
Innovus Pharma
acquired the ex-U.S. rights to CIRCUMserum
TM
from Centric Research Institute (CRI) in early 2013. Reduced Penile Sensitivity
("RPS") refers to the condition of decreased sensation in the penis during sexual activity. Subjects with RPS report
difficulty in stimulating the penis, maintaining erection, and/or achieving orgasm. The duration of intercourse is typically prolonged
due to delayed orgasm.
Normal ejaculation
is quantified and diagnosed by the time it takes a man to ejaculate from penetrating the vagina. Normal men will ejaculate between
4-8 minutes following penetration of the vagina. Loss of sensation in the penis will cause men to ejaculate after longer than
15 minutes and may take up to 30 minutes, with some never being able to ejaculate.
CIRCUMserum
TM
is an all-natural cream with the active medicinal excipient cinnamon oil (cinnamaldehyde) at 0.75%. CIRCUMserum
TM
activates the TRPA1 channels, leading to exciting the nociceptive responsive nerve endings to increase penile sensitivity without
affecting the thickness of the skin. For more information visit
www.circumserum.com
.
About Innovus
Pharmaceuticals, Inc.
Innovus Pharma,
headquartered in La Jolla, California, is an emerging pharmaceuticals company that delivers innovative and uniquely presented
and packaged health solutions through its over-the-counter medicines and consumer and health products.
For more information,
go to
www.innovuspharma.com
.
INNOVUS
PHARMA'S FORWARD-LOOKING Safe Harbor
Statements
under the Private Securities Litigation Reform Act, as amended: with the exception of the historical information contained in
this release, the matters described herein contain forward-looking statements that involve risks and uncertainties that may individually
or mutually impact the matters herein described for a variety of reasons that are outside the control of the Company, including,
but not limited to, receiving patent protection for any of its products, receiving approval or to be compliant with the requirements
of any relevant regulatory authority relating to such products, to successfully commercialize or maintain the sales of such products
as Zestra™ and Zestra Glide
TM
and to achieve its other development, commercialization and financial objectives
and to fully integrate Semprae into the Company. Readers are cautioned not to place undue reliance on these forward-looking statements
as actual results could differ materially from the forward-looking statements contained herein. Readers are urged to read the
risk factors set forth in the Company's most recent annual report on Form 10-K, subsequent quarterly reports filed on Form 10-Q
and other filings made with the SEC. Copies of these reports are available from the SEC's website or without charge from the Company.
###
Innovus
Pharma Contact:
Kevin Holmes
Chesapeake
Group
info@chesapeakegp.com
T: 410-825-3930
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",",
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"-",
"Innovus",
"Pharmaceuticals",
",",
"Inc",
".",
",",
"(",
"\"",
"Innovus",
"Pharma",
"\"",
"or",
"the",
"\"",
"Company",
"\"",
")",
"www.innovuspharma.com",
"(",
"OTC",
":",
"BB",
":",
"INNV",
")",
"today",
"announced",
"that",
"the",
"Company",
"acquired",
"Semprae",
"Laboratories",
",",
"Inc",
".",
"(",
"\"",
"Semprae",
"\"",
")",
"through",
"a",
"merger",
"and",
"for",
"shares",
"of",
"common",
"stock",
"of",
"Innovus",
"Pharma",
".",
"Semprae",
"is",
"a",
"New",
"Jersey",
"company",
"founded",
"by",
"women",
"in",
"2008",
"with",
"the",
"goal",
"of",
"improving",
"women",
"'s",
"sexual",
"lives",
".",
"From",
"the",
"beginning",
",",
"Semprae",
"has",
"been",
"marketing",
"Zestra",
"™",
",",
"the",
"first",
"non",
"-",
"prescription",
"product",
"clinically",
"proven",
"to",
"increase",
"arousal",
",",
"sensation",
",",
"pleasure",
"and",
"satisfaction",
"in",
"women",
".",
"In",
"2011",
",",
"Semprae",
"introduced",
"Zestra",
"Glide™",
",",
"an",
"accompanying",
"water",
"based",
"lubricant",
".",
"Together",
"the",
"two",
"products",
"had",
"gross",
"sales",
"of",
"approximately",
"$",
"1 million",
"in",
"2013",
".",
"Innovus",
"Pharma",
"currently",
"has",
"two",
"products",
"targeting",
"male",
"sexual",
"health",
"including",
"EjectDelay",
"™",
"for",
"premature",
"ejaculation",
"and",
"CIRCUMserum",
"™",
"to",
"help",
"alleviate",
"reduced",
"penile",
"sensitivity",
"The",
"acquisition",
"of",
"Semprae",
"brings",
"a",
"number",
"of",
"benefits",
"to",
"Innovus",
"Pharma",
":",
"1",
".",
"Immediate",
"revenue",
"-",
"generating",
"non",
"-",
"prescription",
"products",
"for",
"women",
"'s",
"sexual",
"health",
".",
"The",
"Company",
"believes",
"that",
"Zestra",
"™",
"is",
"the",
"only",
"non",
"-",
"prescription",
"product",
"shown",
"in",
"published",
"double",
"-",
"blind",
",",
"placebo",
"-",
"controlled",
"clinical",
"trials",
"in",
"close",
"to",
"300",
"women",
"in",
"the",
"U",
".",
"S",
".",
"to",
"have",
"a",
"statistical",
"increase",
"in",
"desire",
",",
"arousal",
"and",
"satisfaction",
"in",
"women",
"with",
"Female",
"Sexual",
"Arousal",
"Disorder",
"(",
"\"",
"FSAD",
"\"",
")",
"with",
"minimal",
"side",
"effects",
";",
"Zestra",
"™",
"is",
"recommended",
"by",
"many",
"gynecologists",
",",
"urologists",
"and",
"sex",
"therapist",
"due",
"to",
"its",
"clinical",
"efficacy",
"and",
"safety",
";",
"2",
".",
"Approximately",
"$",
"1 million",
"in",
"new",
"additional",
"annual",
"gross",
"revenues",
"from",
"the",
"sales",
"of",
"these",
"products",
";",
"3",
".",
"Strong",
"intellectual",
"property",
"protection",
".",
"Zestra",
"™",
"is",
"protected",
"by",
"patents",
"extending",
"to",
"beyond",
"2021",
";",
"4",
".",
"Immediate",
"retail",
"presence",
"in",
"some",
"of",
"the",
"largest",
"U",
".",
"S",
".",
"retail",
"chains",
"such",
"as",
"Walmart",
",",
"Target",
",",
"K",
"Mart",
"and",
"Drugstore.com",
"and",
"large",
"drug",
"wholesalers",
"such",
"McKesson",
",",
"Cardinal",
"Health",
"and",
"H",
".",
"D",
".",
"Smith",
";",
"5",
".",
"Over",
"85,000",
"retail",
"customers",
"for",
"these",
"two",
"products",
";",
"and",
"6",
".",
"Institutional",
"venture",
"shareholders",
",",
"including",
"Quakers",
"Partners",
",",
"L",
".",
"P",
".",
"and",
"Versant",
"Ventures",
",",
"L",
".",
"P",
".",
"\"",
"This",
"acquisition",
"of",
"Semprae",
"moves",
"Innovus",
"Pharma",
"into",
"the",
"commercial",
"revenue",
"-",
"generating",
"stage",
"with",
"needed",
"products",
"in",
"the",
"female",
"sexual",
"health",
"space",
",",
"\"",
"said",
"Dr",
".",
"Bassam",
"Damaj",
",",
"President",
"and",
"Chief",
"Executive",
"Officer",
"of",
"Innovus",
"Pharma",
".",
"\"",
"In",
"addition",
",",
"it",
"gives",
"Innovus",
"the",
"needed",
"retail",
"infrastructure",
"for",
"distributing",
"the",
"rest",
"of",
"our",
"OTC",
"products",
"in",
"the",
"US",
".",
"The",
"combination",
"of",
"Semprae",
"'s",
"two",
"products",
"with",
"those",
"of",
"Innovus",
"Pharma",
"creates",
"a",
"company",
"that",
"is",
"clearly",
"an",
"emerging",
"leader",
"in",
"the",
"over",
"the",
"counter",
"male",
"and",
"female",
"sexual",
"health",
"space",
".",
"\"",
"\"",
"The",
"synergy",
"of",
"Innovus",
"Pharma",
"'s",
"products",
"in",
"the",
"male",
"sexual",
"health",
"space",
"including",
"EjectDelay",
"™",
"for",
"premature",
"ejaculation",
"and",
"CIRCUMSerum",
"™",
"to",
"alleviate",
"reduced",
"penile",
"sensitivity",
",",
"with",
"Semprae",
"'s",
"products",
"which",
"target",
"the",
"female",
"sexuality",
"area",
"including",
"Zestra",
"™",
"for",
"female",
"sexual",
"arousal",
"and",
"Zestra",
"Glide™",
"as",
"a",
"lubricant",
",",
"uniquely",
"position",
"the",
"Company",
"in",
"the",
"sexual",
"health",
"category",
"for",
"further",
"accelerated",
"growth",
"and",
"expansion",
",",
"\"",
"said",
"Adele",
"C",
".",
"Oliva",
",",
"Partner",
"at",
"Quaker",
"Partners",
",",
"L",
".",
"P",
".",
",",
"a",
"Philadelphia",
"life",
"sciences",
"venture",
"fund",
"and",
"one",
"of",
"the",
"two",
"lead",
"venture",
"investors",
"in",
"Semprae",
".",
"\"",
"The",
"expertise",
"of",
"the",
"Innovus",
"management",
"team",
",",
"including",
"Dr",
".",
"Damaj",
"'s",
"past",
"experience",
"and",
"success",
"with",
"other",
"products",
"in",
"this",
"category",
"when",
"he",
"was",
"CEO",
"of",
"Apricus",
"Biosciences",
",",
"will",
"be",
"very",
"valuable",
"to",
"grow",
"the",
"Semprae",
"products",
"in",
"the",
"U",
".",
"S",
".",
"and",
"internationally",
",",
"\"",
"commented",
"Camille",
"Samuels",
",",
"former",
"Managing",
"Partner",
"and",
"currently",
"Affiliated",
"Director",
"at",
"Versant",
"Ventures",
",",
"the",
"other",
"lead",
"venture",
"investor",
"in",
"Semprae",
".",
"Dr",
".",
"Damaj",
"added",
"that",
"Innovus",
"Pharma",
"expects",
"to",
"acquire",
"or",
"develop",
"more",
"products",
"to",
"treat",
"male",
"or",
"female",
"sexual",
"health",
".",
"About",
"Zestra",
"™",
"and",
"Glide",
"™",
"and",
"Female",
"Sexual",
"Arousal",
"Zestra",
"™",
"is",
"a",
"patented",
"blend",
"of",
"natural",
"oils",
"clinically",
"-",
"proven",
"in",
"double",
"-",
"blind",
"placebo",
"-",
"controlled",
"clinical",
"trials",
"in",
"close",
"to",
"300",
"women",
"to",
"increase",
"in",
"a",
"statistical",
"significant",
"manner",
"the",
"arousal",
",",
"desire",
"and",
"satisfaction",
"in",
"FSAD",
"women",
".",
"The",
"product",
"has",
"been",
"on",
"the",
"U",
".",
"S",
".",
"Canadian",
"markets",
"for",
"approximately",
"five",
"years",
"through",
"major",
"retailers",
"such",
"as",
"Walmart",
",",
"Target",
"and",
"K",
"-",
"Mart",
"and",
"drug",
"wholesalers",
"such",
"as",
"McKesson",
",",
"Cardinal",
"Health",
"and",
"HD",
"Smith",
"and",
"through",
"online",
"sales",
".",
"Zestra",
"Glide™",
"is",
"an",
"accompanying",
"water",
"-",
"based",
"lubricant",
"developed",
"and",
"sold",
"by",
"Semprae",
".",
"For",
"more",
"information",
"visit",
"www.zestra.com",
"To",
"date",
",",
"no",
"product",
"has",
"been",
"approved",
"in",
"the",
"U",
".",
"S",
".",
"to",
"treat",
"FSAD",
",",
"a",
"persistent",
"or",
"recurring",
"inability",
"to",
"attain",
"or",
"maintain",
"adequate",
"sexual",
"excitement",
"until",
"the",
"completion",
"of",
"a",
"sexual",
"activity",
".",
"The",
"diagnosis",
"can",
"also",
"refer",
"to",
"an",
"inadequate",
"lubrication",
"-",
"swelling",
"response",
"normally",
"present",
"during",
"arousal",
"and",
"sexual",
"activity",
"causing",
"personal",
"distress",
".",
"Published",
"papers",
"on",
"the",
"FSAD",
"market",
"size",
"estimate",
"it",
"to",
"be",
"equal",
"or",
"larger",
"than",
"the",
"market",
"for",
"erectile",
"dysfunction",
"in",
"males",
",",
"and",
"possibly",
"larger",
".",
"About",
"EjectDelay",
"™",
"and",
"Premature",
"Ejaculation",
"EjectDelay",
"™",
"is",
"an",
"over",
"-",
"the",
"-",
"counter",
"(",
"\"",
"OTC",
"\"",
")",
"U",
".",
"S",
".",
"Food",
"and",
"Drug",
"Administration",
"and",
"Health",
"Canada",
"compliant",
"proprietary",
"topical",
"treatment",
"containing",
"the",
"drug",
"benzocaine",
"and",
"indicated",
"for",
"delay",
"of",
"premature",
"ejaculation",
"(",
"\"",
"PE",
"\"",
")",
".",
"The",
"drug",
"typically",
"works",
"within",
"minutes",
"of",
"application",
"to",
"the",
"glans",
"of",
"the",
"penis",
".",
"In",
"clinical",
"trials",
",",
"the",
"application",
"of",
"benzocaine",
"has",
"been",
"shown",
"to",
"delay",
"premature",
"ejaculation",
"by",
"several",
"minutes",
".",
"For",
"more",
"information",
"visit",
"www.ejectdelay.com",
".",
"PE",
"is",
"the",
"most",
"common",
"sexual",
"dysfunction",
"reported",
"by",
"men",
"but",
"is",
"still",
"under",
"-",
"diagnosed",
"and",
"under",
"-",
"treated",
".",
"PE",
"can",
"happen",
"at",
"any",
"age",
"and",
"its",
"prevalence",
"is",
"consistent",
"across",
"all",
"ages",
".",
"In",
"an",
"article",
"in",
"The",
"Journal",
"of",
"Sexual",
"Medicine",
"in",
"2007",
"Sex",
"Med",
"2007",
",",
"D",
".",
"L",
".",
"Patrick",
",",
"D",
".",
"Rowland",
"and",
"M",
".",
"Rothman",
"state",
",",
"\"",
"Global",
"studies",
"consistently",
"report",
"that",
"20",
"-",
"30",
"%",
"of",
"men",
"experience",
"PE",
"worldwide",
".",
"This",
"means",
"that",
"PE",
"is",
"experienced",
"at",
"similar",
"rates",
"across",
"the",
"globe",
"\"",
".",
"About",
"CIRCUMserum",
"TM",
"and",
"Reduced",
"Penile",
"Sensitivity",
"Innovus",
"Pharma",
"acquired",
"the",
"ex",
"-",
"U",
".",
"S",
".",
"rights",
"to",
"CIRCUMserum",
"TM",
"from",
"Centric",
"Research",
"Institute",
"(",
"CRI",
")",
"in",
"early",
"2013",
".",
"Reduced",
"Penile",
"Sensitivity",
"(",
"\"",
"RPS",
"\"",
")",
"refers",
"to",
"the",
"condition",
"of",
"decreased",
"sensation",
"in",
"the",
"penis",
"during",
"sexual",
"activity",
".",
"Subjects",
"with",
"RPS",
"report",
"difficulty",
"in",
"stimulating",
"the",
"penis",
",",
"maintaining",
"erection",
",",
"and",
"/",
"or",
"achieving",
"orgasm",
".",
"The",
"duration",
"of",
"intercourse",
"is",
"typically",
"prolonged",
"due",
"to",
"delayed",
"orgasm",
".",
"Normal",
"ejaculation",
"is",
"quantified",
"and",
"diagnosed",
"by",
"the",
"time",
"it",
"takes",
"a",
"man",
"to",
"ejaculate",
"from",
"penetrating",
"the",
"vagina",
".",
"Normal",
"men",
"will",
"ejaculate",
"between",
"4",
"-",
"8",
"minutes",
"following",
"penetration",
"of",
"the",
"vagina",
".",
"Loss",
"of",
"sensation",
"in",
"the",
"penis",
"will",
"cause",
"men",
"to",
"ejaculate",
"after",
"longer",
"than",
"15",
"minutes",
"and",
"may",
"take",
"up",
"to",
"30",
"minutes",
",",
"with",
"some",
"never",
"being",
"able",
"to",
"ejaculate",
".",
"CIRCUM",
"serum",
"TM",
"is",
"an",
"all",
"-",
"natural",
"cream",
"with",
"the",
"active",
"medicinal",
"excipient",
"cinnamon",
"oil",
"(",
"cinnamaldehyde",
")",
"at",
"0",
".",
"75",
"%",
".",
"CIRCUM",
"serum",
"TM",
"activates",
"the",
"TRPA1",
"channels",
",",
"leading",
"to",
"exciting",
"the",
"nociceptive",
"responsive",
"nerve",
"endings",
"to",
"increase",
"penile",
"sensitivity",
"without",
"affecting",
"the",
"thickness",
"of",
"the",
"skin",
".",
"For",
"more",
"information",
"visit",
"www.circumserum.com",
".",
"About",
"Innovus",
"Pharmaceuticals",
",",
"Inc",
".",
"Innovus",
"Pharma",
",",
"headquartered",
"in",
"La",
"Jolla",
",",
"California",
",",
"is",
"an",
"emerging",
"pharmaceuticals",
"company",
"that",
"delivers",
"innovative",
"and",
"uniquely",
"presented",
"and",
"packaged",
"health",
"solutions",
"through",
"its",
"over",
"-",
"the",
"-",
"counter",
"medicines",
"and",
"consumer",
"and",
"health",
"products",
".",
"For",
"more",
"information",
",",
"go",
"to",
"www.innovuspharma.com",
".",
"INNOVUS",
"PHARMA",
"'",
"S",
"FORWARD",
"-",
"LOOKING",
"Safe",
"Harbor",
"Statements",
"under",
"the",
"Private",
"Securities",
"Litigation",
"Reform",
"Act",
",",
"as",
"amended",
":",
"with",
"the",
"exception",
"of",
"the",
"historical",
"information",
"contained",
"in",
"this",
"release",
",",
"the",
"matters",
"described",
"herein",
"contain",
"forward",
"-",
"looking",
"statements",
"that",
"involve",
"risks",
"and",
"uncertainties",
"that",
"may",
"individually",
"or",
"mutually",
"impact",
"the",
"matters",
"herein",
"described",
"for",
"a",
"variety",
"of",
"reasons",
"that",
"are",
"outside",
"the",
"control",
"of",
"the",
"Company",
",",
"including",
",",
"but",
"not",
"limited",
"to",
",",
"receiving",
"patent",
"protection",
"for",
"any",
"of",
"its",
"products",
",",
"receiving",
"approval",
"or",
"to",
"be",
"compliant",
"with",
"the",
"requirements",
"of",
"any",
"relevant",
"regulatory",
"authority",
"relating",
"to",
"such",
"products",
",",
"to",
"successfully",
"commercialize",
"or",
"maintain",
"the",
"sales",
"of",
"such",
"products",
"as",
"Zestra",
"™",
"and",
"Zestra",
"Glide",
"TM",
"and",
"to",
"achieve",
"its",
"other",
"development",
",",
"commercialization",
"and",
"financial",
"objectives",
"and",
"to",
"fully",
"integrate",
"Semprae",
"into",
"the",
"Company",
".",
"Readers",
"are",
"cautioned",
"not",
"to",
"place",
"undue",
"reliance",
"on",
"these",
"forward",
"-",
"looking",
"statements",
"as",
"actual",
"results",
"could",
"differ",
"materially",
"from",
"the",
"forward",
"-",
"looking",
"statements",
"contained",
"herein",
".",
"Readers",
"are",
"urged",
"to",
"read",
"the",
"risk",
"factors",
"set",
"forth",
"in",
"the",
"Company",
"'s",
"most",
"recent",
"annual",
"report",
"on",
"Form",
"10",
"-",
"K",
",",
"subsequent",
"quarterly",
"reports",
"filed",
"on",
"Form",
"10",
"-",
"Q",
"and",
"other",
"filings",
"made",
"with",
"the",
"SEC",
".",
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314489-000031448916000044-exhibit99_1 | EX-99.1
2
exhibit99_1.htm
EXHIBIT 99.1
FOR IMMEDIATE RELEASE
May 2, 2016
CONTACTS:
Robin Elliott, CFO
217.365-4500
robin.elliott@busey.com
FIRST BUSEY CORPORATION FINALIZES ACQUISITION OF PULASKI FINANCIAL CORP. AND PULASKI BANK, NATIONAL ASSOCIATION
Champaign, IL
- First Busey Corporation ("Busey") (NASDAQ: BUSE), the holding company for Busey Bank, today announced the completion of its previously announced merger with Pulaski Financial Corp. ("Pulaski"), the holding company for Pulaski Bank, National Association ("Pulaski Bank"). Under the terms of the definitive agreement, at the effective time of the merger, each share of Pulaski common stock issued and outstanding as of the effective time was converted into and constituted the right to receive 0.79 shares of Busey common stock and cash in lieu of fractional shares. The market value of the shares of Busey common stock issuable at the effective time of the merger was approximately $193.1 million based on Busey's closing stock price of $20.44 on April 29, 2016. Busey will operate Pulaski Bank as a separate banking subsidiary of Busey until it is merged with Busey Bank, which is expected to occur in the fourth quarter of 2016, subject to regulatory approval.
First Busey President and Chief Executive Officer Van A. Dukeman said, "Pulaski is a highly respected banking company in the Midwest's 4th largest MSA. We are excited to combine two organizations with similar values and focus on customer service and organic growth. St. Louis' size and density will allow our combined organization greater commercial banking and wealth management growth opportunities. Pulaski has a strong leadership team, which we look forward to working with as we seek to build on Pulaski's 93 years of strong banking history in St. Louis".
Pulaski had total consolidated assets of $1.64 billion, total loans of $1.41 billion and total deposits of $1.25 billion at March 31, 2016.
Gary W. Douglass, Chief Executive Officer of Pulaski Bank, said, "Busey is a true community bank. Its associates are firmly grounded in the values that make our communities great. Busey's size, broad array of commercial and wealth management products, banking expertise and strong capital position-coupled with community ties and flexible and responsive local decision-making authority-offer us the ability to further capitalize on opportunities in St. Louis, while continuing to offer exceptional customer service. Busey will build on our shared dedication to community involvement and service excellence, as well as provide us the opportunity to offer larger commercial credits, spurring even greater economic and community development activity. Pulaski's strong and sizeable mortgage banking division will nicely complement Busey's existing fee based business as well as providing meaningful cross sale opportunities to mortgage customers".
Busey was advised by FIG Partners, LLC and the law firm of Barack Ferrazzano Kirschbaum & Nagelberg LLP. Pulaski was advised by Sandler O'Neill + Partners, L.P. and the law firm of Kilpatrick Townsend & Stockton LLP.
Busey Corporate Profile
Following the merger, First Busey Corporation (Nasdaq: BUSE) is an approximately $5.5 billion financial holding company headquartered in Champaign, Illinois. Busey Bank, First Busey Corporation's wholly-owned bank subsidiary, is also headquartered in Champaign, Illinois and has twenty-eight banking centers serving Illinois, a banking center in Indianapolis, Indiana, and six banking centers serving southwest Florida. Trevett Capital Partners, a wealth management division of Busey Bank, provides asset management, investment and fiduciary services to high net worth clients in southwest Florida.
Busey Bank had total assets of $3.9 billion as of March 31, 2016.
Pulaski Bank, National Association, First Busey Corporation's wholly-owned bank subsidiary acquired in the merger, offers a full line of quality retail and commercial banking products through thirteen full-service branch offices in the St. Louis metropolitan area. The Bank also offers mortgage loan products through loan production offices in the St. Louis, Kansas City, Chicago, and Omaha-Council Bluffs metropolitan areas and other locations across the Midwest.
In addition, First Busey Corporation owns a payment processing subsidiary, FirsTech, Inc., through Busey Bank, which processes over 27 million transactions per year using online bill payment, lockbox processing and walk-in payments at its 3,000 agent locations in 36 states.
Busey Wealth Management, Inc. is a wholly-owned subsidiary of First Busey Corporation. Through Busey Trust Company, Busey Wealth Management provides asset management, investment and fiduciary services to individuals, businesses and foundations. As of March 31, 2016, Busey Wealth Management's assets under care were approximately $5.0 billion.
For more information about us, visit
www.busey.com
and
www.pulaskibank.com
.
Special Note Concerning Forward-Looking Statements
This document 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 Busey. Forward-looking statements, which may be based upon beliefs, expectations and assumptions of Busey's management and on information currently available to management, are generally identifiable by the use of words such as "believe", "expect", "anticipate", "plan", "intend", "estimate", "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 Busey 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 Busey 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 possibility that any of the anticipated benefits of the proposed transaction between Busey and Pulaski will not be realized or will not be realized within the expected time period; (ii) the risk that integration of operations of Pulaski with those of Busey will be materially delayed or will be more costly or difficult than expected; (iii) the effect of the announcement of the transaction on customer relationships and operating results; (iv) the possibility that the transactions, including the anticipated merging the banks, may be more expensive to complete than anticipated, including as a result of unexpected factors or events; (v) the strength of the local and national economy; (vi) changes in state and federal laws, regulations and governmental policies concerning Busey's general business (including the impact of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the extensive regulations to be promulgated thereunder, as well as the rules adopted by the federal bank regulatory agencies to implement Basel III); (vii) changes in interest rates and prepayment rates of Busey's assets; (viii) increased competition in the financial services sector and the inability to attract new customers; (ix) changes in technology and the ability to develop and maintain secure and reliable electronic systems; (x) the loss of key executives or employees; (xi) changes in consumer spending; (xii) unexpected results of acquisitions, including the acquisition of Pulaski; (xiii) outcomes of existing or new litigation involving Busey; (xiv) the economic impact of any future terrorist threats or attacks; (xv) the economic impact of exceptional weather occurrences such as tornadoes, hurricanes, floods, and blizzards; and (xvi) 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 Busey and its business, including additional factors that could materially affect Busey's financial results, are included in Busey's filings with the Securities and Exchange Commission.
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"Special",
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"-",
"Looking",
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1002225-000110465908061510-a08-24734_1ex99d1 | EX-99.1
2
a08-24734_1ex99d1.htm
EX-99.1
Exhibit 99.1
Advent
Completes Acquisition of Tamale Software
Acquisition Enables Company to Extend its Presence into the
Front Office and Establish a Leadership Position in Research Management
SAN FRANCISCO -
October 1, 2008 -
Advent Software, Inc. (NASDAQ: ADVS), a leading
provider of software and services for the investment management industry, today
announced that it has completed its acquisition of Tamale Software, a leading
research management solution (RMS) provider. Under the terms of the agreement, which were
previously announced on September 4, 2008, Advent has acquired all of the
outstanding capital stock of Tamale Software for approximately $28 million and
906,000 shares of Advent's common stock.
"The
completion of this acquisition represents a significant step for Advent in our
strategy to expand our footprint in the front office and establish ourselves as
a leader in the rapidly growing RMS field", said
Advent's Founder and Chief Executive Officer Stephanie DiMarco. "Tamale Software has set the standard in the
research management industry; we welcome their team and proven RMS expertise, and look forward to collectively taking our
business to the next level".
Since
pioneering the RMS space in 2004, Tamale Software has
become a clear leader, with more than 1,700 investment professionals at hedge
funds, endowments, funds of funds, private equity firms and traditional asset
management firms using Tamale RMS
®
, the firm's innovative workflow software
solution, to manage their workflow and research process.
Tamale
RMS
®
, which
going forward will be marketed under the name Advent Tamale RMS
TM
,
creates a centralized
information hub to easily manage and access research information, enhancing
collaboration across the investment team and optimizing the investment
decision-making process. Advent Tamale RMS
TM
complements Advent's other product offerings, and the integrated solution will bridge research
management and portfolio management to increase efficiency and link analysts'
recommendations to investment performance.
"Managing
a pipeline of new ideas through the research and decision making process is one
of the most difficult tasks for an investment team", said Joe Saluti, Director of Research for Highline Capital, a hedge
fund manager with approximately $2 billion in assets under management, and both
a Tamale and Advent client. "Tamale
enables the work sharing, process discipline and accountability that are so
crucial to this effort; it is so embedded in our work process that our team is
trained to understand that if their work is not in Tamale, then it doesn't
exist."
Added
Michael Klarman, Highline's
Chief Financial Officer, "We've also been an Advent client for more than five
years, trusting Advent's industry-leading accounting platforms to deliver the
reliability and the insight we need to manage our growth successfully. I'm
really looking forward to seeing these two industry innovators help us bridge
our front- and back-office workflow even more powerfully".
"We
are very excited about the opportunity to join forces with Advent and leverage
the systems, processes, and teams we've developed to serve our customers and
contribute towards a unique and powerful front-office/back-office integrated
solution", said Tamale's President and CEO, Mark Rice. "The combination of our
products positions us very well to accelerate our strategy of delivering
innovative solutions to help investment professionals enhance and more
effectively manage their investment research process. We look forward to being a part of Advent and
developing these opportunities".
Concluded
DiMarco, "With the Tamale Software acquisition now
complete, Advent is in a stronger position than ever before in our 25-year
history, with increased capacity to reach new customers and the ability to
provide our client base with an enhanced product offering. We look forward to delivering on the promise
of this acquisition and continuing to build value for our clients and
shareholders".
The
Tamale management team and its employees, based primarily in New York, Boston
and the UK, will join Advent, and will continue to develop,
service and sell the Tamale solution.
About Tamale
Tamale
Software, Inc. created the first software solution designed specifically
to help investment professionals manage their investment ideas more effectively
and access all of the firm's research easily.
Tamale is a pioneer in Research Management Solutions (RMS). Tamale RMS
®
is Tamale's easily configurable and customizable solution that
supports the research and investment decision-making workflow. More than 1,700 investment professionals at
hedge funds, traditional asset management firms, pension funds, endowments,
fund of funds and private equity firms rely on Tamale RMS
®
to support their research process. Tamale has offices in New York, Boston, San
Francisco, Los Angeles and London. For
more information on Tamale products visit www.advent.com/tamale.
About Advent
Advent
Software, Inc. (www.advent.com), a global
company, has provided trusted solutions to the world's leading financial
professionals since 1983. Firms in 60
countries use Advent technology and manage investments totaling nearly US $18
trillion. Advent's quality software,
data, services and tools enable financial professionals to improve service and
communication to their clients, allowing them to grow their business while
controlling costs. Advent is the only
financial services software company to be awarded the Service Capability and
Performance certification for being a world-class support organization. For more information on Advent products visit
http://www.advent.com/about/resources/demos/pr.
Forward-looking Statements
This
press release includes "forward looking statements" within the meaning of the
safe harbor provisions of the United States Private Securities Litigation
Reform Act of 1995. Words such as "expect,"
"estimate", "project", "budget", "forecast", "anticipate", "intend", "plan", "may,"
"will", "could", "should", "believes", "predicts", "potential", "continue", and
similar expressions are intended to identify such forward-looking
statements. Forward-looking statements
in this press release include, without limitation, statements regarding: the
expected benefits of the acquisition to Advent's leadership and market
position; Advent's scale, resources, expertise and presence; Advent's products
and services; and Advent's customers; and other matters that involve known and
unknown risks, uncertainties and other factors that may cause Advent's actual
results, levels of activity or performance to differ materially from that
expressed or implied by this press release.
Such risk factors include, among others: difficulties encountered in
integrating merged businesses and achieving expected synergies; whether certain
market segments grow as
anticipated
; Advent's ability to retain key employees;
the competitive environment of the software industry and competitive responses
to the merger; and whether the companies can successfully develop new products
and the degree to which these gain market acceptance. Actual results may differ materially from
those contemplated in the forward-looking statements in this press
release. Additional information
concerning these and other risk factors is contained in Advent's most recently
filed quarterly report on Form 10-Q and 2007 annual report on Form 10-K. The Company disclaims any intention or
obligation to publicly update or revise any forward-looking statements, whether
as a result of events or circumstances after the date hereof or to reflect the
occurrence of unanticipated events.
The
Advent logo and Advent Software are registered trademarks, and Advent Tamale RMS is a mark of Advent Software, Inc. All other company names or marks mentioned
herein are those of their respective owners.
Media Contact:
Jessica Miller
Advent Software, Inc.
(415)
645-1668
jmiller@advent.com
Investor Relations Contact:
Heidi
Flaherty
Advent
Software, Inc.
(415)
645-1145
flaherty@advent.com
| [
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".",
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"Advent",
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"415",
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"645",
"-",
"1668",
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"Advent",
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94538-000114420409053137-v162833_ex99-1 | EX-99.1
13
v162833_ex99-1.htm
STOCKERYALE
SELLS NORTH AMERICAN OPERATIONS TO COHERENT
Salem,
N.H. - October __, 2009 - StockerYale, Inc. (OTCBB: STKR), a leading designer
and manufacturer of structured light lasers, LED modules and specialty optical
fibers for industrial OEMs, medical and defense markets, today announced that it
sold its North American operations for $15 million cash and the assumption of
certain operating liabilities of the Montreal and Salem
businesses. As part of the transaction, the Company retired its
senior debt, totaling $3.6 million, as well as its line of credit for $3.5
million.
The
Company sold the assets of its Montreal, Canada laser module business and the
specialty optical fiber division in Salem, New Hampshire to Coherent, Inc., one
of the world's leading designers and manufacturer of lasers. The
Company will continue to operate both StockerYale Ireland (SYI), which
manufacturers LED systems based on its proprietary chip-on-board LED technology
and Photonic Products, Ltd. (PPL), which distributes premium laser diodes and
manufactures custom laser modules. SYI and PPL represented
approximately 47% of total Company revenues in 2008.
Mark W. Blodgett, Chairman & CEO of
StockerYale, Inc. stated that "this transaction enables the Company to
significantly reduce debt and focus its resources on growing both our LED
systems and PPL businesses. With increased focus, we are confident
that we can improve both growth and profitability of these two
businesses".
About
StockerYale
StockerYale,
Inc., headquartered in Salem, New Hampshire, is an independent designer and
manufacturer of structured light lasers, LED modules, and specialty optical
fibers for industry leading OEMs. In addition, the company manufactures
fluorescent lighting products and phase masks. The Company serves a wide range
of markets including the machine vision, industrial inspection, defense,
telecommunication, sensors, and medical markets. StockerYale has offices and
subsidiaries in the U.S., Canada, and Europe. For more information about
StockerYale and their innovative products, visit the Company's web site at
www.stockeryale.com
About
Coherent
Founded
in 1966, Coherent, Inc. is a world leader in providing photonics based solutions
to the commercial and scientific research markets and part of the Russell 2000.
For more information about Coherent, visit the Company's Web site at
http://www.coherent.com/
for product and financial updates.
Safe
Harbor Statement
This
press release contains 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 other than statements of historical fact, including
without limitation, those with respect to StockerYale's goals, plans and
strategies set forth herein are forward-looking statements. The following
important factors and uncertainties, among others, could cause actual results to
differ materially from those described in these forward-looking statements:
uncertainty that cash balances may not be sufficient to allow StockerYale to
meet all of its business goals; uncertainty that StockerYale's new products will
gain market acceptance; the risk that delays and unanticipated expenses in
developing new products could delay the commercial release of those products and
affect revenue estimates; the risk that one of our competitors could develop and
bring to market a technology that is superior to those products that we are
currently developing; and StockerYale's ability to capitalize on its significant
research and development efforts by successfully marketing those products that
the Company develops. Forward-looking statements represent management's current
expectations and are inherently uncertain. You should also refer to the
discussion under "Factors Affecting Operating Results" in StockerYale's annual
report on Form 10-K and the Company's quarterly reports on Form 10-Q for
additional matters to be considered in this regard. Thus, actual results may
differ materially. All Company, brand, and product names are trademarks or
registered trademarks of their respective holders. StockerYale undertakes no
duty to update any of these forward-looking statements.
###
Investor
Relations Contact:
Mark W.
Blodgett
StockerYale,
Inc.
603-898-8778
IRInfo@stockeryale.com
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] |
1057352-000095012310009881-w77289exv99w1 | EX-99.1
2
w77289exv99w1.htm
EX-99.1
exv99w1
Exhibit 99.1
NEWS
Contacts:
Analysts/Investors:
Brian J. Radecki - Chief Financial Officer
(301) 664-9132 /
bradecki@costar.com
Media:
Vikki Kayne - Senior Director, Media Relations
(301) 280-3858 /
vkayne@costar.com
CoStar Group Purchases a 2008 Class A LEED Gold-Certified Office Building
CoStar Group To Relocate to Washington, D.C. and
Plans to Capitalize on $6.1 Million in Tax Incentives
BETHESDA, MD - February 5, 2010 - CoStar Group, Inc. (Nasdaq: CSGP) the number one provider of
information, marketing and analytic services to the commercial real estate industry, today
announced the Company has purchased an office building at 1331 L Street, N.W. in Washington, D.C.,
through a wholly owned subsidiary, for $41.25 million where it plans to locate its Headquarters.
As incentive for CoStar to relocate its headquarters to the District, The Council of the District
of Columbia approved $6.1 million in property tax abatements over a 10-year period, provided CoStar
hires 100 District residents, among other things. In addition, CoStar Group may be eligible for
additional incentives such as a five-year elimination of District corporate income tax and certain
sale and use tax exemptions.
"We are excited about a Washington, D.C. location for our new headquarters", stated Andrew
Florance, CoStar Group's CEO. "We are also fortunate to be able to take advantage of what we see
as a historic opportunity to secure an exceptional asset at a greatly reduced price".
Florance also thanked District of Columbia Mayor Adrian Fenty and District officials for their
support. "We appreciate the leadership and support shown by Mayor Fenty and the D.C. Council
members who supported the bill, and for their continued efforts to bring more jobs and
opportunities to District residents".
As the largest research and analytics organization in commercial real estate, CoStar enjoys a
unique perspective on commercial property values, and believes that current market conditions
provide an opportune time to acquire a high quality property at a significant discount. CoStar
acquired the 50% vacant building for $243 per square foot, less than half the current market rate
median of $518 per square foot for Class A office buildings sold in Washington, D.C. since January
1, 2009.
The pristine LEED Gold-Certified office building, which cost $90.6 million to construct, includes
169,429 square feet of rentable space, state of the art amenities and a central location in
Washington D.C., bringing CoStar closer to the Federal Government, one of the fastest growing
industry users of CoStar products.
Such a move also continues CoStar Group's support of environmentally responsible decisions in the
workplace. As the recipient of the 2009 Excellence in ENERGY STAR Promotion award from the
Environmental Protection Agency, CoStar made ENERGY STAR and LEED certification a requirement in
its Headquarters search. Presently, Washington, D.C. is a leader in progressive legislation
regarding energy efficient building operations. In comparison to Northern Virginia, Washington,
D.C. has more than twice the amount of LEED Registered or Certified total square footage and five
times the amount of suburban Maryland.
The acquisition does not affect the Company's fourth quarter of 2009 or full year of 2009 results.
The Company's current Headquarters lease in Bethesda, Maryland expires on October 15, 2010, and the
Company expects to incur a period of overlapping occupancy costs through the end of the current
lease term as it transitions to the new Washington D.C. location. After this period, the Company
expects to save approximately $1.0 million a year in occupancy costs versus leasing space in a
comparable building. The Company will discuss its 2010 outlook in greater detail on its fourth
quarter of 2009 earnings conference call on February 25, 2010 at 11 AM EST.
About CoStar Group, Inc.
CoStar Group, Inc. (Nasdaq:CSGP) is the number one provider of information, marketing and
analytic services to commercial real estate professionals in the United States as well as the
United Kingdom. CoStar's suite of services offers customers access via the Internet to the most
comprehensive database of commercial real estate information throughout the U.S. as well as in the
United Kingdom and France. Headquartered in Bethesda, MD, CoStar has approximately 1,400 people
working for the company worldwide, including the largest professional research organization in the
industry. For more information, visit
http://www.costar.com
.
This news release includes "forward-looking statements" including, without limitation,
statements regarding CoStar's expectations, beliefs, intentions or strategies regarding the future.
These statements are subject to many risks and uncertainties that could cause actual results to
differ materially from these statements. More information about potential factors that could cause
actual results to differ materially from those discussed in the forward-looking statements include,
but are not limited to, those stated in CoStar's filings from time to time with the Securities and
Exchange Commission, including CoStar's Form 10-K for the year ended December 31, 2008, and Form
10-Q for the quarter ended September 30, 2009, under the heading "Risk Factors." In addition to
these statements, there can be no assurance that CoStar will realize all or any portion of the $6.1
million in property tax abatements offered over 10 years; that CoStar will hire 100 D.C. residents;
that CoStar will become eligible for additional incentives, such as a five year elimination of
District corporate income tax or sale or use tax exemptions; or that a move to Washington, D.C.
would have any effect on CoStar's sales to the Federal Government. All forward-looking statements
are based on information available to CoStar on the date hereof, and CoStar assumes no obligation
to update such statements.
| [
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".",
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",",
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1639068-000149315220000684-ex99-2 | EX-99.2
8
ex99-2.htm
Exhibit
99.2
Hubilu
Venture Corporation Real Estate Acquisition Division Acquires Student Housing Property in Los Angeles
BEVERLY
HILLS, CA-(Globe Newswire -January 3, 2020) - Hubilu Venture Corporation (the "Company") (OTC PINK: HBUV),
a publicly traded real estate consulting, asset management and business acquisition company, which specializes in acquiring student
housing income properties and development/business opportunities located near USC and Metro stations within the Los Angeles area,
announces that through its wholly owned subsidiary, Elata Investments, LLC, ("Elata") it has closed on the purchase
of a student housing property at 1618 W. 38
th
Street in Los Angeles. Management feels that this property fits perfectly
into the Company's key markets, in path of growth, less than a mile to USC campus and within blocks from the Western/Exposition
LA Metro subway station. In addition, this property is located a short walk from Exposition Park, home to the LA Memorial Coliseum
and Banc of California Stadium, the Natural History Museum, California Science Center, and the new George Lucas Star Wars Museum.
This property is less than 5 minute drive to LA Live, Staples Center and LA Convention Center and a short metro ride to DTLA,
which is now USC student's new hub for entertainment, night life and shopping.
CEO,
David Behrend commented on Hubilu's recent acquisition, "Our fourth quarter ended on a strong note. We acquired new
properties, changed auditors, financials are current and we located lenders to finance our purchases and refinances. We are embarking
on a gateway of acquisitions in 2020, and believe that as HBUV continues to aggressively expand its portfolio with "value
add" student housing, it will bring more positive cash flow and further increase our net assets, which we feel confident
that our investors will be pleased with the company's steady growth and our strategic business strategy".
About
Hubilu Venture Corporation: Based in Beverly Hills, California, Hubilu Venture Corporation, a real estate consulting, asset management
and acquisition corporation, is executing on its business plan, which besides consulting to real estate companies, is seeking
to acquire student housing real estate and business opportunities in the niche markets of the USC campus area and the expanding
urban transportation Metro stations facilitated by the development of the Los Angeles Metro/subway system. Hubilu, inspired by
Strategic Growth Through Smart Ventures
, which focuses on acquiring high path of growth real estate and business opportunities
that it believes are recession proof and have limited downside risk, while offering upside potential in equity appreciation and
cash flow.
Forward-Looking
Statements: This press release contains forward-looking statements within the meaning of Federal securities laws, concerning the
future performance of our business, its operations and its financial performance and condition and potential selected offerings
presented without the context of accompanying financial results. The comments of Mr. Behrend, statements regarding the acquisition
of property and the characteristics of its wholly owned property are examples of forward-looking statements. A number of factors
could cause Hubilu Venture Corporation's actual results, performance or achievement to differ materially from those anticipated.
Among those risks, trends and uncertainties are the general economic climate; the supply of and demand for real properties; interest
rate levels, the availability of financing; and other risks associated with the acquisition and ownership of properties, including
risks that the tenants will not pay rent, or the costs may be greater than anticipated. This executed purchase contract is subject
to various closing conditions, including but not limited to due diligence and satisfaction of audited results. These forward-looking
statements include, among others, statements with respect to objectives and strategies to achieve those objectives, as well as
statements with respect to our beliefs, plans, expectations, anticipations, estimates or intentions. These forward-looking statements
are based on our current expectations. We are under no obligation to (and expressly disclaim any such obligation to) update or
alter our forward-looking statements, whether as a result of new information, future events or otherwise. For further information
on factors that could impact Hubilu Venture Corporation, reference is made to filings with the Securities and Exchange Commission.
Contact:
Tracy
Black, Vice President- Investor Relations
310.420.9599
tracy@hubilu.com
www.hubilu.com
David
Behrend, CEO
310-308-7887
david@hubilu.com
TW:
@hubiluventure
IG:
hubiluventure
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1471256-000114420409054135-v163442_ex99-2 | EX-99.2
5
v163442_ex99-2.htm
Unassociated Document
For
Immediate Release
TRIPLECROWN
ACQUISITION CORP. AND CULLEN AGRICULTURAL HOLDING CORP.
ANNOUNCE
BUSINESS COMBINATION HAS BEEN CONSUMMATED
JACKSON,
WYOMING, October 22, 2009 - Triplecrown Acquisition Corp. ("Triplecrown") (NYSE
AMEX: TCW, TCW.U, TCW.WS) and Cullen Agricultural Holding Corp. ("CAH") today
announced the completion of the business combination with Cullen Agricultural
Technologies Inc. ("Cullen Agritech"). The transaction was approved by the
stockholders of Triplecrown at its special meeting on October 21,
2009.
In
addition to approving the business combination, the Triplecrown warrantholders
also approved amendments to its warrants to (a) increase the exercise price of
the warrants from $7.50 per share to $12.00 per share, (b) extend the expiration
date of the warrants from October 21, 2012 to October 21, 2013 and (c) increase
the price at which the stock must trade for the warrants to be called for
redemption from $13.75 per share to $17.00 per share.
Upon
completion of the transactions, Cullen Inc. Holdings Ltd., the prior holder of
common stock of Cullen Agritech which is beneficially owned and controlled by
Eric Watson, was issued 15,881,148 shares of CAH common stock for his interest
in Cullen Agritech. Of this amount, 1,588,114 shares were deposited in escrow to
secure the indemnification obligations owed to Triplecrown under the merger
agreement. Additionally, two consultants to Triplecrown were issued
an aggregate of 450,000 shares of common stock of CAH.
In
connection with the transactions, Triplecrown entered into "forward contracts"
to purchase approximately 39.4 million of the shares of its common stock sold in
its initial public offering in privately negotiated transactions from
stockholders who would otherwise have voted against the business combination for
an aggregate purchase price of approximately $385 million. The
closing of such purchases was effected on the closing of the business
combination out of the funds that were held in Triplecrown's trust account and
were released as a result of the business combination.
After
payment of converting stockholders and forward contracts (including fees),
approximately $3.7 million will be disbursed to CAH. After
payment of transaction related expenses (excluding deferred underwriting
commissions), it is expected that there will be approximately $3.0 million
available for Cullen Agritech's working capital requirements.
After
giving effect to the transactions and the issuances to Triplecrown's two
consultants, there are currently outstanding 19,247,311 shares of CAH common
stock (of which 15,881,148 shares are beneficially owned by Mr. Watson) and
74,000,000 warrants, each to purchase one share of CAH common stock (of which
9,130,000 are beneficially owned by Mr. Watson).
Triplecrown's
common stock, units and warrants will cease trading and CAH's common stock and
warrants will begin trading on the Over The Counter Bulletin Board shortly after
the closing. New symbols will be announced once known. The units will
not trade following consummation of the business combination. Holders
of securities of Triplecrown that remain holders of securities of CAH do not
need to exchange their existing certificates for certificates issued by
CAH. Current Triplecrown certificates will automatically represent
rights in CAH's securities.
About
Cullen Agricultural Technologies Inc.
Cullen
Agritech is a newly formed company committed to the development and
commercialization of advanced agricultural technologies. Cullen Agritech's
principal focus will be to improve agricultural yields through pasture and
animal sciences.
Natural
Dairy Inc. ("Natural Dairy"), a wholly owned subsidiary of Cullen Agritech, will
rollout Cullen Agritech's multi-farm dairy operation in the Southeastern United
States utilizing the Cullen Agritech farming system. Natural Dairy will be
acquiring and converting farmland for the development of pasture based dairy
farming operations to produce fresh liquid milk for the Eastern Seaboard. The
Eastern Seaboard represents one of the largest fresh liquid milk markets in the
world but is currently undersupplied of liquid milk due to a lack of regionally
based milk producers. By utilizing an efficient, pasture-based farming system,
Natural Dairy will help bridge this supply gap by producing milk in the
Southeastern States at a substantially lower cost than could be achieved through
the traditional dairy farming model.
Forward
Looking Statements
This
press release includes forward-looking statements made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995 that
involve risks and uncertainties. Forward looking statements are
statements that are not historical facts. Such forward-looking
statements, based upon the current beliefs and expectations of CAH's management,
are subject to risks and uncertainties, which could cause actual results to
differ from the forward looking statements.
Contacts:
Media:
Cullen
Agricultural Technologies Inc. Contact:
Miles
Leahy
Paul
Vassilakos
Petrina
Advisors
212-521-4396
| [
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1293818-000107997320000254-ex99x1 | EX-99.1
5
ex99x1.htm
EXHIBIT 99.1
Exhibit 99.1
OpGen
and Curetis Successfully Close their Business Combination Transaction
Following
strong support from shareholders, OpGen and Curetis consummated their business combination transaction
Curetis
business now wholly owned by OpGen Inc. as parent company
New
leadership team and board of directors announced
GAITHERSBURG,
Md. April 1, 2020 -- OpGen, Inc. (Nasdaq: OPGN, "OpGen"), a precision medicine company harnessing the power of molecular
diagnostics and informatics to help combat infectious disease, announced today that the business combination between Curetis and
OpGen has successfully closed on April 1, 2020. At the closing, William E. Rhodes III, the former chairman of the Supervisory
Board of Curetis N.V., was appointed chairman of the board of OpGen, and Oliver Schacht, PhD, the former Chief Executive Officer
of Curetis N.V., was appointed the President and Chief Executive Officer of OpGen and to the board of directors.
Mr.
Rhodes commented, "I would like to thank the management teams of both our companies for their perseverance and effectiveness
in finding solutions to address the issues that arise in complex business combinations. It has always been important to bring
rapid molecular diagnostics to the fight against infectious diseases, and with the global coronavirus pandemic, now it is more
critical than ever. The combined company will have a broad portfolio of complementary platforms, highly relevant products designed
to help discover and fight life threatening infectious diseases and strong global commercial channels. I am delighted to be chairing
this distinguished board of directors and anticipate tremendous, value-creating opportunities for the combined company".
Mr.
Schacht said, "I am grateful to both our companies' boards and shareholders for their unwavering support throughout
the past many months of strategic interactions and discussions between our companies. This transaction would not have been possible
without the tremendous commitment of our executive teams and advisors. I would like to especially thank Evan Jones for his leadership
and support over the past many months. With Bill Rhodes as our past and future chairman and with Evan on the board of directors
we will have great continuity".
In
addition to Mr. Rhodes and Mr. Schacht, Mario Crovetto and Prabhavathi Fernandes, former directors of Curetis, were appointed
to the OpGen board of directors, such that following the closing the reconstituted board of directors consists of Mr. Rhodes,
Mr. Schacht, Mr. Jones. Mr. Crovetto, Ms. Fernandes, and Don Elsey.
Strengthened
Senior Management team
The
executive officers of OpGen in addition to Chief Executive Officer Oliver Schacht will be Tim Dec, who will continue to serve
as Chief Financial Officer and manage the finance and G&A teams globally, and Johannes Bacher, one of Curetis' founders
as Chief Operating Officer who will be running global R&D and operations. The Curetis USA Inc. team will be joining OpGen
Inc. as employees. The US commercial team includes Chief Commercial Officer for the Americas, Chris Emery, and Chief Marketing
and Scientific Affairs Officer, Faranak Atrzadeh. Andreas Posch, CEO of Ares Genetics GmbH in Vienna, Austria, will also serve
on the expanded executive team bringing AI-powered and NGS-based capabilities into the combined business.
Evan
Jones, the former Chairman & CEO of OpGen added, "I am excited to announce today's closing of the business combination
with Curetis. I would like thank all our shareholders for the overwhelming support throughout this process and the teams on both
sides for having diligently worked with a singular focus on getting the deal done. We anticipate this business combination will
maximize value for our shareholders through providing a robust product portfolio with proprietary assets for developing and commercializing
innovative, data-driven solutions in infectious disease diagnostics. I look forward to serving as a member of the newly constituted
board of directors of OpGen as a non-executive director, and I will provide any support needed by Oliver and his new leadership
team throughout the transition and integration phase as needed".
OpGen
and Curetis had entered into a definitive agreement to combine their businesses on September 4, 2019. H.C. Wainwright &
Co. acted as strategic advisor to Curetis while Crosstree acted as advisor to OpGen. Ballard Spahr LLP served as legal counsel
to OpGen and Linklaters LLP as legal counsel to Curetis.
About
OpGen
OpGen,
Inc. is a precision medicine company harnessing the power of molecular diagnostics and informatics to help combat infectious disease.
We are developing molecular information products and services for global healthcare settings, helping to guide clinicians with
more rapid and actionable information about life threatening infections, improve patient outcomes, and decrease the spread of
infections caused by multidrug-resistant microorganisms, or MDROs.
Our
molecular diagnostics and informatics products, product candidates and services combine our Acuitas molecular diagnostics and
Acuitas Lighthouse informatics platform for use with our proprietary, curated MDRO knowledgebase. We are working to deliver our
products and services, some in development, to a global network of customers and partners. The Acuitas AMR Gene Panel (RUO) is
intended for Research Use Only and is not for use in diagnostic procedures. The Acuitas Lighthouse Software is not distributed
commercially for antibiotic resistance prediction and is not for use in diagnostic procedures. For more information, please visit.
For more information, please visit www.opgen.com.
Forward-Looking
Statements
This
press release includes statements relating to the completion of the acquisition of Curetis GmbH. These statements and other statements
regarding OpGen's future plans and goals constitute "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 are intended to qualify for the
safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Such statements are subject to
risks and uncertainties that are often difficult to predict, are beyond our control, and which may cause results to differ materially
from expectations. Factors that could cause our results to differ materially from those described include, but are not limited
to, the fact that we have broad discretion as to the use of proceeds from OpGen's at-the-market offering that commenced
in February 2020 and recent warrant exercises and that we may not use the proceeds effectively; OpGen's ability to successfully
integrate the businesses of OpGen and Curetis, comply with the complexities of a global business, achieve the expected synergies,
and implement the combined company's strategic and business goals, the impact of the COVID-19 pandemic on our business and
operations, risks and uncertainties associated with market conditions, OpGen's ability to successfully, timely and cost-effectively
seek and obtain regulatory clearance for and commercialize our products and services offerings, including the Curetis and Ares
Genetics products and offerings, the rate of adoption of our combined business' products and services by hospitals and other
healthcare providers, the success of our combined commercialization efforts, the effect on our business of existing and new regulatory
requirements, and other economic and competitive factors. For a discussion of the most significant risks and uncertainties associated
with OpGen's business, please review our filings with the Securities and Exchange Commission (SEC). You are cautioned not to place
undue reliance on these forward-looking statements, which are based on our expectations as of the date of this press release and
speak only as of the date of this press release. We undertake no obligation to publicly update or revise any forward-looking statement,
whether as a result of new information, future events or otherwise.
Additional
Information and Where to Find It
In
connection with the transactions contemplated by the Implementation Agreement (the definitive agreement related to the proposed
business combination between the Company and Curetis GmbH), a Registration Statement on Form S-4 (File No. 333-234657) has been
filed with and declared effective by the Securities and Exchange Commission (the "SEC"). Investors and security holders
are encouraged to read the registration statement and any other relevant documents filed with the SEC, including the proxy statement
that forms a part of the registration statement. Such documents contain important information about the proposed transaction.
The definitive proxy statement was first mailed to stockholders of the Company on or about January 27, 2020. This communication
is not a substitute for the registration statement, the proxy statement or any other document that OpGen may send to its stockholders
in connection with the proposed transaction. Investors and security holders will be able to obtain the documents free of charge
at the SEC's website, www.sec.gov, or from the Company at its website, www.opgen.com.
OpGen
Contact:
Michael Farmer
Vice President, Marketing
(240) 813-1284
mfarmer@opgen.com
Press
Contact:
Matthew Bretzius
FischTank Marketing and PR
matt@fischtankpr.com
Investor
Contact:
Joe Green
Edison Group
jgreen@edisongroup.com
| [
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"directors",
"of",
"Curetis",
",",
"were",
"appointed",
"to",
"the",
"OpGen",
"board",
"of",
"directors",
",",
"such",
"that",
"following",
"the",
"closing",
"the",
"reconstituted",
"board",
"of",
"directors",
"consists",
"of",
"Mr",
".",
"Rhodes",
",",
"Mr",
".",
"Schacht",
",",
"Mr",
".",
"Jones",
".",
"Mr",
".",
"Crovetto",
",",
"Ms",
".",
"Fernandes",
",",
"and",
"Don",
"Elsey",
".",
"Strengthened",
"Senior",
"Management",
"team",
"The",
"executive",
"officers",
"of",
"OpGen",
"in",
"addition",
"to",
"Chief",
"Executive",
"Officer",
"Oliver",
"Schacht",
"will",
"be",
"Tim",
"Dec",
",",
"who",
"will",
"continue",
"to",
"serve",
"as",
"Chief",
"Financial",
"Officer",
"and",
"manage",
"the",
"finance",
"and",
"G",
"&",
"A",
"teams",
"globally",
",",
"and",
"Johannes",
"Bacher",
",",
"one",
"of",
"Curetis",
"'",
"founders",
"as",
"Chief",
"Operating",
"Officer",
"who",
"will",
"be",
"running",
"global",
"R",
"&",
"D",
"and",
"operations",
".",
"The",
"Curetis",
"USA",
"Inc",
".",
"team",
"will",
"be",
"joining",
"OpGen",
"Inc",
".",
"as",
"employees",
".",
"The",
"US",
"commercial",
"team",
"includes",
"Chief",
"Commercial",
"Officer",
"for",
"the",
"Americas",
",",
"Chris",
"Emery",
",",
"and",
"Chief",
"Marketing",
"and",
"Scientific",
"Affairs",
"Officer",
",",
"Faranak",
"Atrzadeh",
".",
"Andreas",
"Posch",
",",
"CEO",
"of",
"Ares",
"Genetics",
"GmbH",
"in",
"Vienna",
",",
"Austria",
",",
"will",
"also",
"serve",
"on",
"the",
"expanded",
"executive",
"team",
"bringing",
"AI",
"-",
"powered",
"and",
"NGS",
"-",
"based",
"capabilities",
"into",
"the",
"combined",
"business",
".",
"Evan",
"Jones",
",",
"the",
"former",
"Chairman",
"&",
"CEO",
"of",
"OpGen",
"added",
",",
"\"",
"I",
"am",
"excited",
"to",
"announce",
"today",
"'",
"s",
"closing",
"of",
"the",
"business",
"combination",
"with",
"Curetis",
".",
"I",
"would",
"like",
"thank",
"all",
"our",
"shareholders",
"for",
"the",
"overwhelming",
"support",
"throughout",
"this",
"process",
"and",
"the",
"teams",
"on",
"both",
"sides",
"for",
"having",
"diligently",
"worked",
"with",
"a",
"singular",
"focus",
"on",
"getting",
"the",
"deal",
"done",
".",
"We",
"anticipate",
"this",
"business",
"combination",
"will",
"maximize",
"value",
"for",
"our",
"shareholders",
"through",
"providing",
"a",
"robust",
"product",
"portfolio",
"with",
"proprietary",
"assets",
"for",
"developing",
"and",
"commercializing",
"innovative",
",",
"data",
"-",
"driven",
"solutions",
"in",
"infectious",
"disease",
"diagnostics",
".",
"I",
"look",
"forward",
"to",
"serving",
"as",
"a",
"member",
"of",
"the",
"newly",
"constituted",
"board",
"of",
"directors",
"of",
"OpGen",
"as",
"a",
"non",
"-",
"executive",
"director",
",",
"and",
"I",
"will",
"provide",
"any",
"support",
"needed",
"by",
"Oliver",
"and",
"his",
"new",
"leadership",
"team",
"throughout",
"the",
"transition",
"and",
"integration",
"phase",
"as",
"needed",
"\"",
".",
"OpGen",
"and",
"Curetis",
"had",
"entered",
"into",
"a",
"definitive",
"agreement",
"to",
"combine",
"their",
"businesses",
"on",
"September",
"4",
",",
"2019",
".",
"H",
".",
"C",
".",
"Wainwright",
"&",
"Co",
".",
"acted",
"as",
"strategic",
"advisor",
"to",
"Curetis",
"while",
"Crosstree",
"acted",
"as",
"advisor",
"to",
"OpGen",
".",
"Ballard",
"Spahr",
"LLP",
"served",
"as",
"legal",
"counsel",
"to",
"OpGen",
"and",
"Linklaters",
"LLP",
"as",
"legal",
"counsel",
"to",
"Curetis",
".",
"About",
"OpGen",
"OpGen",
",",
"Inc",
".",
"is",
"a",
"precision",
"medicine",
"company",
"harnessing",
"the",
"power",
"of",
"molecular",
"diagnostics",
"and",
"informatics",
"to",
"help",
"combat",
"infectious",
"disease",
".",
"We",
"are",
"developing",
"molecular",
"information",
"products",
"and",
"services",
"for",
"global",
"healthcare",
"settings",
",",
"helping",
"to",
"guide",
"clinicians",
"with",
"more",
"rapid",
"and",
"actionable",
"information",
"about",
"life",
"threatening",
"infections",
",",
"improve",
"patient",
"outcomes",
",",
"and",
"decrease",
"the",
"spread",
"of",
"infections",
"caused",
"by",
"multidrug",
"-",
"resistant",
"microorganisms",
",",
"or",
"MDROs",
".",
"Our",
"molecular",
"diagnostics",
"and",
"informatics",
"products",
",",
"product",
"candidates",
"and",
"services",
"combine",
"our",
"Acuitas",
"molecular",
"diagnostics",
"and",
"Acuitas",
"Lighthouse",
"informatics",
"platform",
"for",
"use",
"with",
"our",
"proprietary",
",",
"curated",
"MDRO",
"knowledgebase",
".",
"We",
"are",
"working",
"to",
"deliver",
"our",
"products",
"and",
"services",
",",
"some",
"in",
"development",
",",
"to",
"a",
"global",
"network",
"of",
"customers",
"and",
"partners",
".",
"The",
"Acuitas",
"AMR",
"Gene",
"Panel",
"(",
"RUO",
")",
"is",
"intended",
"for",
"Research",
"Use",
"Only",
"and",
"is",
"not",
"for",
"use",
"in",
"diagnostic",
"procedures",
".",
"The",
"Acuitas",
"Lighthouse",
"Software",
"is",
"not",
"distributed",
"commercially",
"for",
"antibiotic",
"resistance",
"prediction",
"and",
"is",
"not",
"for",
"use",
"in",
"diagnostic",
"procedures",
".",
"For",
"more",
"information",
",",
"please",
"visit",
".",
"For",
"more",
"information",
",",
"please",
"visit",
"www.opgen.com",
".",
"Forward",
"-",
"Looking",
"Statements",
"This",
"press",
"release",
"includes",
"statements",
"relating",
"to",
"the",
"completion",
"of",
"the",
"acquisition",
"of",
"Curetis",
"GmbH",
".",
"These",
"statements",
"and",
"other",
"statements",
"regarding",
"OpGen",
"'s",
"future",
"plans",
"and",
"goals",
"constitute",
"\"",
"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",
"are",
"intended",
"to",
"qualify",
"for",
"the",
"safe",
"harbor",
"from",
"liability",
"established",
"by",
"the",
"Private",
"Securities",
"Litigation",
"Reform",
"Act",
"of",
"1995",
".",
"Such",
"statements",
"are",
"subject",
"to",
"risks",
"and",
"uncertainties",
"that",
"are",
"often",
"difficult",
"to",
"predict",
",",
"are",
"beyond",
"our",
"control",
",",
"and",
"which",
"may",
"cause",
"results",
"to",
"differ",
"materially",
"from",
"expectations",
".",
"Factors",
"that",
"could",
"cause",
"our",
"results",
"to",
"differ",
"materially",
"from",
"those",
"described",
"include",
",",
"but",
"are",
"not",
"limited",
"to",
",",
"the",
"fact",
"that",
"we",
"have",
"broad",
"discretion",
"as",
"to",
"the",
"use",
"of",
"proceeds",
"from",
"OpGen",
"'s",
"at",
"-",
"the",
"-",
"market",
"offering",
"that",
"commenced",
"in",
"February",
"2020",
"and",
"recent",
"warrant",
"exercises",
"and",
"that",
"we",
"may",
"not",
"use",
"the",
"proceeds",
"effectively",
";",
"OpGen",
"'s",
"ability",
"to",
"successfully",
"integrate",
"the",
"businesses",
"of",
"OpGen",
"and",
"Curetis",
",",
"comply",
"with",
"the",
"complexities",
"of",
"a",
"global",
"business",
",",
"achieve",
"the",
"expected",
"synergies",
",",
"and",
"implement",
"the",
"combined",
"company",
"'",
"s",
"strategic",
"and",
"business",
"goals",
",",
"the",
"impact",
"of",
"the",
"COVID",
"-",
"19",
"pandemic",
"on",
"our",
"business",
"and",
"operations",
",",
"risks",
"and",
"uncertainties",
"associated",
"with",
"market",
"conditions",
",",
"OpGen",
"'s",
"ability",
"to",
"successfully",
",",
"timely",
"and",
"cost",
"-",
"effectively",
"seek",
"and",
"obtain",
"regulatory",
"clearance",
"for",
"and",
"commercialize",
"our",
"products",
"and",
"services",
"offerings",
",",
"including",
"the",
"Curetis",
"and",
"Ares",
"Genetics",
"products",
"and",
"offerings",
",",
"the",
"rate",
"of",
"adoption",
"of",
"our",
"combined",
"business",
"'",
"products",
"and",
"services",
"by",
"hospitals",
"and",
"other",
"healthcare",
"providers",
",",
"the",
"success",
"of",
"our",
"combined",
"commercialization",
"efforts",
",",
"the",
"effect",
"on",
"our",
"business",
"of",
"existing",
"and",
"new",
"regulatory",
"requirements",
",",
"and",
"other",
"economic",
"and",
"competitive",
"factors",
".",
"For",
"a",
"discussion",
"of",
"the",
"most",
"significant",
"risks",
"and",
"uncertainties",
"associated",
"with",
"OpGen",
"'s",
"business",
",",
"please",
"review",
"our",
"filings",
"with",
"the",
"Securities",
"and",
"Exchange",
"Commission",
"(",
"SEC",
")",
".",
"You",
"are",
"cautioned",
"not",
"to",
"place",
"undue",
"reliance",
"on",
"these",
"forward",
"-",
"looking",
"statements",
",",
"which",
"are",
"based",
"on",
"our",
"expectations",
"as",
"of",
"the",
"date",
"of",
"this",
"press",
"release",
"and",
"speak",
"only",
"as",
"of",
"the",
"date",
"of",
"this",
"press",
"release",
".",
"We",
"undertake",
"no",
"obligation",
"to",
"publicly",
"update",
"or",
"revise",
"any",
"forward",
"-",
"looking",
"statement",
",",
"whether",
"as",
"a",
"result",
"of",
"new",
"information",
",",
"future",
"events",
"or",
"otherwise",
".",
"Additional",
"Information",
"and",
"Where",
"to",
"Find",
"It",
"In",
"connection",
"with",
"the",
"transactions",
"contemplated",
"by",
"the",
"Implementation",
"Agreement",
"(",
"the",
"definitive",
"agreement",
"related",
"to",
"the",
"proposed",
"business",
"combination",
"between",
"the",
"Company",
"and",
"Curetis",
"GmbH",
")",
",",
"a",
"Registration",
"Statement",
"on",
"Form",
"S",
"-",
"4",
"(",
"File",
"No",
".",
"333",
"-",
"234657",
")",
"has",
"been",
"filed",
"with",
"and",
"declared",
"effective",
"by",
"the",
"Securities",
"and",
"Exchange",
"Commission",
"(",
"the",
"\"",
"SEC",
"\"",
")",
".",
"Investors",
"and",
"security",
"holders",
"are",
"encouraged",
"to",
"read",
"the",
"registration",
"statement",
"and",
"any",
"other",
"relevant",
"documents",
"filed",
"with",
"the",
"SEC",
",",
"including",
"the",
"proxy",
"statement",
"that",
"forms",
"a",
"part",
"of",
"the",
"registration",
"statement",
".",
"Such",
"documents",
"contain",
"important",
"information",
"about",
"the",
"proposed",
"transaction",
".",
"The",
"definitive",
"proxy",
"statement",
"was",
"first",
"mailed",
"to",
"stockholders",
"of",
"the",
"Company",
"on",
"or",
"about",
"January",
"27",
",",
"2020",
".",
"This",
"communication",
"is",
"not",
"a",
"substitute",
"for",
"the",
"registration",
"statement",
",",
"the",
"proxy",
"statement",
"or",
"any",
"other",
"document",
"that",
"OpGen",
"may",
"send",
"to",
"its",
"stockholders",
"in",
"connection",
"with",
"the",
"proposed",
"transaction",
".",
"Investors",
"and",
"security",
"holders",
"will",
"be",
"able",
"to",
"obtain",
"the",
"documents",
"free",
"of",
"charge",
"at",
"the",
"SEC",
"'s",
"website",
",",
"www.sec.gov",
",",
"or",
"from",
"the",
"Company",
"at",
"its",
"website",
",",
"www.opgen.com",
".",
"OpGen",
"Contact",
":",
"Michael",
"Farmer",
"Vice",
"President",
",",
"Marketing",
"(",
"240",
")",
"813",
"-",
"1284",
"mfarmer@opgen.com",
"Press",
"Contact",
":",
"Matthew",
"Bretzius",
"FischTank",
"Marketing",
"and",
"PR",
"matt@fischtankpr.com",
"Investor",
"Contact",
":",
"Joe",
"Green",
"Edison",
"Group",
"jgreen@edisongroup.com"
] | [
"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",
"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",
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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",
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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",
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"O",
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"O",
"O",
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"O",
"O",
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1178970-000094337414000338-pressrelease060314 | EX-99.1
2
pressrelease060314.htm
PRESS RELEASE 06-03-14
pressrelease060314.htm
PROVIDENT FINANCIAL SERVICES, INC. ANNOUNCES MERGER CONSIDERATION ELECTION, ALLOCATION
AND PRORATION RESULTS FOR THE TEAM CAPITAL BANK ACQUISITION
ISELIN, NJ, June 3, 2014 / Globe Newswire-- Provident Financial Services, Inc. (NYSE: PFS) ("Provident") today announced the results of elections made by stockholders of Team Capital Bank ("Team Capital") as to the form of merger consideration to be received in the May 30, 2014 merger of Team Capital with and into The Provident Bank, the banking subsidiary of Provident.
Under the terms of the Agreement and Plan of Merger dated December 19, 2013, 75% of Team Capital common shares were to be converted into Provident common stock and the remaining 25% were to be converted into cash. Team Capital's stockholders were given the option to receive either 0.8575 shares of Provident common stock, $16.25 in cash, or a combination of Provident common stock and cash for each Team Capital common share owned, subject to proration to ensure that in the aggregate 75% of Team Capital shares would be converted into Provident common stock.
In accordance with the terms of the Agreement and Plan of Merger, and based upon the election results and allocation procedures:
·
Team Capital stockholders who made a stock election for all or a portion of their shares of Team Capital common stock will receive 0.8575 shares of Provident common stock for each of their stock election shares.
·
Since the cash merger consideration was oversubscribed, Team Capital stockholders who made a cash election for all or a portion of their shares of Team Capital common stock will receive approximately $9.5323 in cash and 0.3543 shares of Provident common stock for each of their shares of Team Capital common stock.
·
Team Capital stockholders who did not make a valid election prior to 5:00 p.m. on May 23, 2014 will receive 0.8575 shares of Provident common stock for each of their shares of Team Capital common stock.
No fractional shares of Provident common stock shall be issued. In lieu of such fractional shares, Provident will pay to each former holder of Team Capital common stock an amount in cash without interest, equal to $16.81.
Please call Registrar and Transfer Company at 1-800-368-5948, beginning on June 3, 2014, for information regarding individual allocation results.
About Provident
Provident Financial Services, Inc. is the holding company for The Provident Bank. Originally established in 1839, The Provident Bank is a New Jersey-chartered capital stock savings bank headquartered in Jersey City, New Jersey. The Bank now operates 87 full-service branches in Hudson, Bergen, Essex, Hunterdon, Mercer, Middlesex, Monmouth, Morris, Ocean, Passaic, Somerset, Union and Warren counties in New Jersey, as well as in Bucks, Lehigh and Northampton counties in Pennsylvania, after giving effect to the Team Capital merger.
This news release contains certain forward-looking statements about the merger of Team Capital with and into The Provident Bank. Forward-looking statements can be identified by the fact that they include words like "believe", "expect", "anticipate", "estimate", and "intend" or future or conditional verbs such as "will", "would", "should", "could", or "may". Certain factors that could cause actual results to differ materially from expected results include legislative and regulatory changes and other factors disclosed by Provident in its periodic filings with the SEC. Provident has no obligation to publicly release the results of any revisions that may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.
CONTACT:
Leonard G. Gleason, SVP - Investor Relations
(732-590-9300) len.gleason@providentnj.com
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1463101-000146310118000083-a8-k08092018ex991 | EX-99.1
2
a8-k08092018ex991.htm
EXHIBIT 99.1
Exhibit
Enphase Energy Completes Acquisition of SunPower's Microinverter Business
Acquisition Brings Together Category Leaders in Residential Installations and Microinverters
PETALUMA, Calif. and SAN JOSE, Calif., Aug. 9, 2018- Enphase Energy, Inc. (NASDAQ:ENPH), and SunPower Corp. (NASDAQ:SPWR), today announced that Enphase has completed the previously announced acquisition of SunPower's microinverter business for a total of $25 million in cash and 7.5 million shares of Enphase common stock. Key anticipated benefits and highlights of the acquisition include:
.
Advances AC Modules (ACM) as the future of residential solar
.
Enhances SunPower's Equinox™ Home Solar System with a custom line of Enphase's IQ microinverters for use with SunPower AC Modules
.
Adds over 140 patents to enhance Enphase's strong IP portfolio
.
$15 million of cash purchase price funded from Enphase's balance sheet at closing and $10 million of cash purchase price to be funded by 12/28/2018
"We are excited to close the acquisition of SunPower's microinverter business ahead of plan", said Badri Kothandaraman, president and CEO of Enphase Energy. "We now expect volume shipments of IQ 7XS microinverters in the fourth quarter of 2018 and an acceleration of the ramp throughout 2019. The business is on track to achieve its full revenue and gross margin potential. ACM is a significant component of our profitable top line growth strategy. We look forward to being a strong innovation partner for SunPower".
IQ 7 is Enphase's seventh-generation microinverter platform leading the industry with its software-defined architecture, broad regulatory compliance and advanced "Smart Grid" features. The IQ 7XS microinverter offers 97.5% CEC efficiency and was designed specifically for SunPower's X Series 96-cell PV modules with peak AC output power of 320W and a Maximum Power Point (MPP) tracking range of 53-64V.
"We're pleased to close on our strategic partnership with Enphase, which brings together leaders in residential installations and residential microinverters", said SunPower Chairman and CEO Tom Werner. "We believe that AC modules are the future and this is an important step to accelerating global adoption, while helping to streamline and focus SunPower's business priorities".
About Enphase Energy, Inc.
Enphase Energy, a global energy technology company, delivers smart, easy-to-use solutions that connect solar generation, storage and management on one intelligent platform. The Company revolutionized solar with its microinverter technology and produces the world's only truly integrated solar plus storage solution. Enphase has shipped over 17 million microinverters, and more than 790,000 Enphase systems have been deployed in over 120 countries. For more information, visit www.enphase.com and follow the company on Facebook, LinkedIn and Twitter.
© 2018 Enphase Energy Inc. All Rights Reserved. Enphase Energy®, the Enphase logo and other trademarks or service names are the trademarks of Enphase Energy, Inc. SUNPOWER, the SUNPOWER logo and EQUINOX are trademarks or registered trademarks of SunPower Corporation in the U.S. and other countries as well.
About SunPower Corporation
As one of the world's most innovative and sustainable energy companies, SunPower (NASDAQ:SPWR) provides a diverse group of customers with complete solar solutions and services. Residential customers, businesses, governments, schools and utilities around the globe rely on SunPower's more than 30 years of proven experience. From the first flip of the switch, SunPower delivers maximum value and superb performance throughout the long life of every solar system. Headquartered in Silicon Valley, SunPower has dedicated, customer-focused employees in Africa, Asia, Australia, Europe, and North and South America. For more information about how SunPower is changing the way our world is powered, visit www.sunpower.com.
Forward-Looking Statements
For Enphase Investors
The statements contained in this press release that are not historical facts (such as statements in the future tense and statements including "advance", "anticipate", "believe", "enhance", "expect" and similar terms and concepts) and statements relating to the expected results or benefits of the SunPower transaction are forward-looking statements. Such forward looking statements include statements that Enphase expects volume shipments of IQ 7XS microinverters in the fourth quarter of 2018 and an acceleration of the ramp throughout 2019, and that the business is on track to achieve its full revenue and gross margin potential. These forward-looking statements are based on Enphase's current expectations and inherently involve significant risks and uncertainties. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements because of such risks and uncertainties, including the risks and uncertainties described in more detail in Enphase's most recent Quarterly Report on Form 10-Q and other documents on file with the SEC and available on the SEC's website at www.sec.gov. Enphase Energy undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations, except as required by law.
Forward-Looking Statements
For SunPower Investors
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding market trends and expected benefits of the relationship with Enphase. These forward-looking statements are based on our current assumptions, expectations and beliefs and involve substantial risks and uncertainties that may cause results, performance or achievement to materially differ from those expressed or implied by these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to: competition and market conditions in the solar and general energy industry and difficulties that may arise in managing our strategic relationship. A detailed discussion of these factors and other risks that affect our business is included in filings we make with the Securities and Exchange Commission (SEC) from time to time, including our most recent reports on Form 10-K and Form 10-Q, particularly under the heading "Risk Factors." Copies of these filings are available online from the SEC or on the SEC Filings section of our Investor Relations website at investors.sunpower.com. All forward-looking statements in this press release are based on information currently available to us, and we assume no obligation to update these forward-looking statements in light of new information or future events.
Enphase Contacts:
Investors
Christina Carrabino
Investor Relations
ir@enphaseenergy.com
+1-707-763-4784 x7294
Media
Christian Zdebel
pr@enphaseenergy.com
+1-484-788-2384
SunPower Contacts:
Investors
Bob Okunski
Bob.Okunski@sunpower.com
408-240-5447
Media
Natalie Wymer
Natalie.Wymer@sunpower.com
408-457-2348
| [
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"25 million",
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".",
"5",
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"shares",
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"common",
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".",
"Key",
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"and",
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":",
".",
"Advances",
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"(",
"ACM",
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"the",
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".",
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"Inc",
".",
"Enphase",
"Energy",
",",
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",",
"visit",
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"on",
"Facebook",
",",
"LinkedIn",
"and",
"Twitter",
".",
"©",
"2018",
"Enphase",
"Energy",
"Inc",
".",
"All",
"Rights",
"Reserved",
".",
"Enphase",
"Energy",
"®",
",",
"the",
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"and",
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"trademarks",
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",",
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".",
"SUNPOWER",
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"U",
".",
"S",
".",
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"as",
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"About",
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"Corporation",
"As",
"one",
"of",
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"world",
"'s",
"most",
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"sustainable",
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",",
"Asia",
",",
"Australia",
",",
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",",
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"and",
"South",
"America",
".",
"For",
"more",
"information",
"about",
"how",
"SunPower",
"is",
"changing",
"the",
"way",
"our",
"world",
"is",
"powered",
",",
"visit",
"www.sunpower.com",
".",
"Forward",
"-",
"Looking",
"Statements",
"For",
"Enphase",
"Investors",
"The",
"statements",
"contained",
"in",
"this",
"press",
"release",
"that",
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"not",
"historical",
"facts",
"(",
"such",
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"in",
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"advance",
"\"",
",",
"\"",
"anticipate",
"\"",
",",
"\"",
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"\"",
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"enhance",
"\"",
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"\"",
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"\"",
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")",
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"-",
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".",
"Such",
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"Enphase",
"expects",
"volume",
"shipments",
"of",
"IQ",
"7",
"XS",
"microinverters",
"in",
"the",
"fourth",
"quarter",
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"2018",
"and",
"an",
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"of",
"the",
"ramp",
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"2019",
",",
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"the",
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"its",
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"margin",
"potential",
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"These",
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"-",
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"'s",
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"involve",
"significant",
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".",
"Actual",
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"timing",
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"looking",
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"in",
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"detail",
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"'s",
"most",
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"Quarterly",
"Report",
"on",
"Form",
"10",
"-",
"Q",
"and",
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"on",
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"with",
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"SEC",
"and",
"available",
"on",
"the",
"SEC",
"'s",
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"at",
"www.sec.gov",
".",
"Enphase",
"Energy",
"undertakes",
"no",
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"forward",
"-",
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".",
"Forward",
"-",
"Looking",
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"SunPower",
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"This",
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"release",
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"\"",
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",",
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"-",
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"based",
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",",
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",",
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"those",
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"forward",
"-",
"looking",
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"Factors",
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"could",
"cause",
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"such",
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"include",
",",
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"not",
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":",
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"market",
"conditions",
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"A",
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"(",
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")",
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"-",
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"\"",
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"\"",
"Copies",
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"these",
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"are",
"available",
"online",
"from",
"the",
"SEC",
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"on",
"the",
"SEC",
"Filings",
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"of",
"our",
"Investor",
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"All",
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"-",
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"currently",
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",",
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"forward",
"-",
"looking",
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"in",
"light",
"of",
"new",
"information",
"or",
"future",
"events",
".",
"Enphase",
"Contacts",
":",
"Investors",
"Christina",
"Carrabino",
"Investor",
"Relations",
"ir@enphaseenergy.com",
"+",
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"Natalie",
"Wymer",
"Natalie.Wymer@sunpower.com",
"408",
"-",
"457",
"-",
"2348"
] | [
"O",
"O",
"O",
"O",
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"O",
"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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"B-Parties.BUYING_COMPANY",
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"O",
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"B-Parties.BUYING_COMPANY",
"O",
"O",
"O",
"O",
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"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",
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] |
3116-000115752312001224-a50192857ex99-1 | EX-99.1
2
a50192857ex99-1.htm
EXHIBIT 99.1
a50192857ex99-1.htm
Exhibit 99.1
At the Company:
Akorn, Inc.
Tim Dick, Chief Financial Officer
(847) 279-6150
FOR IMMEDIATE RELEASE
Akorn Completes the Acquisition of Certain Assets of Kilitch Drugs in India
LAKE FOREST, IL- February 28, 2012 -- Akorn, Inc. (NASDAQ: AKRX), a niche generic pharmaceutical company (the "Company"), announced today that its wholly owned subsidiary, Akorn India Private Limited ("AIPL"), has completed and closed the previously announced acquisition of certain assets of Kilitch Drugs India Limited ("KDIL"), a leading contract manufacturer of sterile injectables in India, as well as certain assets of NBZ Pharma Limited.
Raj Rai, Chief Executive Officer commented, "We look forward in establishing our global presence with this acquisition as well as expanding our capabilities in becoming a world class sterile injectables manufacturer. We also look forward in working closely with the Promoters of KDIL to provide a smooth transition in the coming months".
About Akorn, Inc.
Akorn, Inc. is a niche pharmaceutical company engaged in the development, manufacture and marketing of multisource and branded pharmaceuticals. Akorn has manufacturing facilities located in Decatur, Illinois and Somerset, New Jersey where the Company manufactures ophthalmic and injectable pharmaceuticals. Additional information is available on the Company's website at
www.akorn.com
.
About Kilitch Drugs India Limited
Kilitch Drugs (India) Limited [BSE: 524500; NSE: KILITCH] is a listed Indian pharmaceutical company engaged in manufacturing and marketing of generic pharmaceutical formulations in multiple dosage forms, including injectables (liquid and dry), solids, liquids and parenterals. The company has two formulation manufacturing facilities, located in Navi Mumbai and Paonta Sahib, and it has forayed into marketing and distribution of ophthalmology range of products in India and certain overseas markets. Additional information is available on Kilitch's website at
www.kilitch.in
.
Forward Looking Statement
Certain statements in this press release that are not strictly historical may be "forward-looking" statements, which are intended to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act. These statements relate to future events or future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Factors that could materially affect our actual results, levels of activity, performance or achievements include, but are not limited to, the following items: (i) Our ability to generate cash from operations sufficient to meet our working capital requirements; (ii) Our ability to sustain positive relationships with our major customers; (iii) The effects of federal, state and other governmental regulation on our business; (iv) Our success in developing, manufacturing, acquiring and marketing new products; (v) The success of our strategic partnerships for the development and marketing of new products; (vi) Our ability to comply with all of the requirements of the U.S. Food and Drug Administration ("FDA"), including current Good Manufacturing Practices regulations; (vii) Our ability to bring new products to market and the effects of sales of such products on our financial results; (viii) The effects of competition from generic pharmaceuticals and from other pharmaceutical companies; (ix) Our ability to effectively integrate acquired businesses; (x) Our ability to raise funds to pay interest on our outstanding convertible senior notes or repurchase the notes upon a fundamental change; (xi) Our ability to obtain additional funding or financing to operate and grow our business; (xii) Availability of raw materials needed to produce our products. Additional factors that could cause actual results to differ materially from those reflected in the forward-looking statements include, but are not limited to, the risks discussed in the "Risk Factors" section included within the Company's most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q filed with the SEC and the risks discussed in the Company's other filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements. Except as may be required by law, the Company undertakes no obligation to address or publicly update or revise these forward-looking statements to reflect new information, events or circumstances. These cautionary statements should be considered in connection with any subsequent written or oral forward-looking statements that may be made by the Company or by persons acting on its behalf and in conjunction with the Company's periodic SEC filings.
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935419-000149315221025985-ex99-1 | EX-99.1
12
ex99-1.htm
Exhibit 99.1
RCI
Announces Closing on the Acquisition of 11 Adult Clubs in Six States
HOUSTON,
October 19, 2021 - RCI Hospitality Holdings, Inc. (Nasdaq: RICK) announced closing yesterday on the acquisition of 11 adult nightclubs
in six states, the clubs' intellectual property, and six related real estate properties. The company previously announced definitive
agreements for the acquisition on July 26. Financial terms remained the same.
Eric
Langan, President and CEO of RCI Hospitality Holdings, Inc., said, "We're excited about this acquisition and the new team
members who are joining us. The new clubs increase our current unit count by 23%, to 58 locations. They expand our footprint with five
in Denver, CO; two near St. Louis, MO; and one each in Indianapolis, IN, Louisville, KY, Raleigh, NC, and Portland, ME. They generated
approximately $40 million in revenue and $14 million in adjusted EBITDA in the year ended December 31, 2019. We expect them to be accretive
to earnings and cash flow in year one and hope to improve upon their run rate".
Approximately
$3 million in maintenance capital expenditures is expected to be spent on the newly acquired locations in the current fiscal 2022 to
significantly revitalize the clubs and improve the customer experience. Company-wide, RCI FY22 maintenance capex is expected to total
about $7 million.
Clubs
Acquired
Club
Name
Location
URL
Mile
High Men
'
s Club
Denver,
CO*
https://milehighmensclub.com/
PT
'
s
Showclub Centerfold
Denver,
CO*
https://ptscenterfold.com/
The
Diamond Cabaret Denver
Denver,
CO
https://thediamondcabaret.com/
PT
'
s
Showclub Denver
Denver,
CO*
https://ptsshowclubdenver.com/
La
Boheme Gentlemen
'
s Cabaret
Denver,
CO
https://labohemegc.com/
PT
'
s
Showclub Indianapolis
Indianapolis,
IN*
https://ptsshowclubindy.com/
PT
'
s
Showclub Louisville
Louisville,
KY*
https://ptsshowclublouisville.com/
PT
'
s
Showclub Portland
Portland,
ME*
https://ptsshowclubportland.com/
The
Men
'
s Club of Raleigh
Raleigh,
NC
https://mensclubraleigh.com/
The
Diamond Cabaret St Louis
Sauget,
IL
https://diamondcabaretstlouis.com/
Country
Rock Cabaret
Sauget,
IL
https://countryrockcabaret.com/
*
Real estate being acquired.
About
RCI Hospitality Holdings, Inc. (Nasdaq: RICK)
With
more than 50 units, RCI Hospitality Holdings, Inc., through its subsidiaries, is the country's leading company in gentlemen's
clubs and sports bars/restaurants. Clubs in New York City, Chicago, Dallas/Ft. Worth, Houston, Miami, Minneapolis, Denver, St. Louis,
Charlotte, Pittsburgh, Raleigh, Louisville, and other markets operate under brand names such as Rick's Cabaret, XTC, Club Onyx,
Vivid Cabaret, Jaguars Club, Tootsie's Cabaret, and Scarlett's Cabaret. Sports bars/restaurants operate under the brand name
Bombshells Restaurant & Bar. Please visit
http://www.rcihospitality.com/
1
Forward-Looking
Statements
This
press release may contain forward-looking statements that involve a number of risks and uncertainties that could cause the company's
actual results to differ materially from those indicated in this press release, including, but not limited to, the risks and uncertainties
associated with (i) operating and managing an adult business, (ii) the business climates in cities where it operates, (iii) the success
or lack thereof in launching and building the company's businesses, (iv) cyber security, (v) conditions relevant to real estate
transactions, (vi) the impact of the COVID-19 pandemic, (vii) the acquisition of the clubs and real estate that are the subject of this
press release, and (viii) numerous other factors such as laws governing the operation of adult entertainment businesses, competition
and dependence on key personnel. For more detailed discussion of such factors and certain risks and uncertainties, see RCI's annual
report on Form 10-K for the year ended September 30, 2020, as well as its other filings with the U.S. Securities and Exchange Commission.
The company has no obligation to update or revise the forward-looking statements to reflect the occurrence of future events or circumstances.
Media
& Investor Contacts:
Gary Fishman and Steven Anreder at 212-532-3232 or
gary.fishman@anreder.com
and
steven.anreder@anreder.com
2
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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",
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"O",
"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",
"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",
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] |
840387-000089979706000153-exhibit99_1 | EX-99.1
2
exhibit99_1.htm
PRESS RELEASE
Exhibit 99.1
Exhibit 99.1
Sale of Bay View Acceptance Corporation Completed
NYSE: GLK
Web Site: http://www.gbsb.com
Contact: Andrew W. Dorn, Jr.
Great Lakes Bancorp, Inc.
(716) 961-1920
Web Site: http://www.bayviewcapital.com
Contact: Charles G. Cooper
Bay View Capital Corporation
(650) 312-6819
Buffalo, NY, May 1, 2006 - Great Lakes Bancorp, Inc., formerly known as Bay View Capital Corporation and the parent of Greater Buffalo Savings Bank, today announced that it had completed the sale of its auto finance subsidiary, Bay View Acceptance Corporation, to AmeriCredit Financial Services, Inc.
for approximately $63.6 million in cash, subject to final adjustment.
Andrew W. Dorn, Jr., President and Chief Executive Officer of Great Lakes, stated, "Completion of this sale significantly enhances our liquid capital position and represents the second step in the strategy we adopted when Great Lakes and Bay View agreed to merge last October".
Forward Looking Statements
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, uncertainties and other factors that could cause the actual results of Great Lakes to differ materially from the results expressed or implied by such statements, the likelihood that Great Lakes can utilize its net operating loss carryforwards and other factors disclosed in Great Lakes' periodic reports filed with the Securities and Exchange Commission. Great Lakes assumes no obligation to update the forward-looking information contained in this release.
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720671-000072067104000033-ex991eg | EX-99.1
3
ex991eg.txt
PRESS RELEASE DATED OCTOBER 4, 2004
Exhibit 99.1
HALIFAX ANNOUNCES ACQUISITION OF
ENTERPRISE MAINTENANCE FIRM
Acquisition of AlphaNational Expected to be Accretive;
Will Strengthen Nationwide Service Delivery Base
ALEXANDRIA, VA - October 4, 2004 - Halifax Corporation (AMEX:HX) today
announced that it has acquired AlphaNational Technology Services, Inc.,
a nationwide hardware maintenance services company located in Fort
Worth, Texas. Founded in 1992 and privately held, AlphaNational
provides high-availability maintenance services to a prestigious roster
of nationwide customers.
Halifax acquired all of the outstanding stock of AlphaNational for
approximately $1.9 million, excluding earnout arrangements, in which an
additional $150,000 in cash or Halifax common stock could be earned
over the next twelve months if certain agreed upon financial targets
are met. The purchase price is comprised of 235,294 shares of Halifax
common stock, $200,000 cash, and $500,000 of notes payable, of which
$100,000 has a term of 90 days and $400,000 has a term of 18 months.
The interest rate on the notes is 6% per annum. The purchase price is
also subject to possible adjustment resulting from AlphaNational
financial information to become available 45 days after closing.
Charles McNew, president and chief executive officer, of Halifax
stated, "We expect this acquisition to be immediately accretive to
earnings and expect that revenues for the second half of fiscal 2005
will increase by 10 to 12%. The acquisition adds several new important
AlphaNational customers, expands our geographic base and increases the
breadth of our product serviceability".
He added, "We are pleased to welcome AlphaNational to the Halifax
family. This represents another important step in positioning our
Company as a recognized leader in the enterprise maintenance solutions
marketplace.
"We are particularly pleased to add Larry Whiteside, president of
AlphaNational, to our executive management team. A respected industry
veteran, Larry will have responsibility for certain key customer
relationships and major support functions".
McNew noted, "Halifax plans to continue on our recent path of growth,
both internally and externally. We have recently announced major new
contracts and extensions, and we will continue to pursue meaningful new
opportunities, with the goal of enhancing long-term shareholder value".
Founded in 1967, Halifax Corporation is an enterprise maintenance
solutions company providing a wide range of technology services to
commercial and government customers throughout the United States. The
Company's principal products are high availability hardware maintenance
services, technology deployment and integration services, and secure
network program services. More information on Halifax can be found at
www.hxcorp.com.
Certain statements made by the Company which are not historical facts
may be considered forward-looking statements, including, without
limitation, statements as to trends, management's beliefs, views,
expectations and opinions, which are based upon a number of assumptions
concerning future conditions that ultimately may prove to be
inaccurate. Such forward-looking statements are subject to risks and
uncertainties and may be affected by various factors that may cause
actual results to differ materially from those in the forward-looking
statements. For further information that could affect the Company's
financial statements, please refer to the Company's reports filed with
the Securities and Exchange Commission.
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"and",
"integration",
"services",
",",
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"network",
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".",
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"information",
"on",
"Halifax",
"can",
"be",
"found",
"at",
"www.hxcorp.com",
".",
"Certain",
"statements",
"made",
"by",
"the",
"Company",
"which",
"are",
"not",
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"to",
"differ",
"materially",
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"those",
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"-",
"looking",
"statements",
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"further",
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"that",
"could",
"affect",
"the",
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"'s",
"financial",
"statements",
",",
"please",
"refer",
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"the",
"Company",
"'s",
"reports",
"filed",
"with",
"the",
"Securities",
"and",
"Exchange",
"Commission",
"."
] | [
"O",
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1029800-000102980013000027-exhibit99_4 | EX-99.4
5
exhibit99_4.htm
PRESS RELEASE 12.21.12
EXHIBIT 99.4
Urstadt Biddle Properties Inc.
Announces Acquisition of a Fifty Percent Interest in Chestnut Ridge Shopping Center in Montvale, New Jersey and Plaza 59 Shopping Center in Spring Valley, New York
Greenwich, Connecticut December 21, 2012... Urstadt Biddle Properties Inc. (NYSE: UBA and UBP) announced today that it had completed the purchase of a fifty percent tenant-in-common interest in the Chestnut Ridge Shopping Center in The Town of Montvale, New Jersey and Plaza 59 Shopping Center in Spring Valley, New York for a combined purchase price of $18.2 million, excluding closing costs. The interests in both properties were purchased free and clear of mortgages. The $18.2 million acquisition was funded with proceeds from the Company's recently completed stock offerings. The Chestnut Ridge Center, located on Chestnut Ridge Road in affluent Montvale, New Jersey in the County of Bergen contains 90,630 square feet of leasable space. The shopping center is 95% leased and is anchored by a 19,205 square foot Fresh Market Supermarket and the centers other tenants include a health club a Chase Bank and many other successful local tenants. The Spring Valley Center, located on Route 59 in Spring Valley, New York in the County of Rockland contains 25,500 square feet of leasable space. The shopping center is 94% leased to a small market and other local tenants.
Willing Biddle, President of Urstadt Biddle Properties Inc said, "We are very pleased that we have begun the process of investing the capital we raised in our recently completed Class A Common stock and preferred stock offerings into income producing retail properties. Our acquisition of the grocery anchored Chestnut Ridge Shopping Center adds another trophy grocery anchored center to our core portfolio. The shopping center is located on Chestnut Ridge Road in Montvale, New Jersey, a major north/south artery that parallels the Garden State Parkway and is home to several office buildings whose tenants frequent the shopping center on a daily basis. The trade area consists of near-by high demographic towns such as Woodcliff Lake, Ramsey and Upper Saddle River. The Spring Valley Center is located on the heavily traveled Route 59 in Spring Valley, New York and provides many of the day to day staple products serving the surrounding community's needs. The Company hopes to continue this acquisition momentum with the purchase of additional shopping centers in the very near future in order to invest the remaining capital raised from the recent stock offerings in October 2012".
Urstadt Biddle Properties Inc. is a self-administered equity real estate investment trust which owns or has equity interests in 56 properties containing approximately 5.0 million square feet of space. Listed on the New York Stock Exchange since 1969, it provides investors with a means of participating in ownership of income-producing properties. It has paid 172 consecutive quarters of uninterrupted dividends to its shareholders since its inception and raised its dividend to its shareholders for the last 19 consecutive years.
Certain statements contained herein 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, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors incl
ude, among other things, risks associated with the timing of and costs associated with property improvements, financing commitments and general competitive factors.
| [
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"Willing",
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"Inc",
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"equity",
"real",
"estate",
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"trust",
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"space",
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"Listed",
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"York",
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"Exchange",
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"-",
"producing",
"properties",
".",
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"has",
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"of",
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"dividends",
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"its",
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"and",
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"its",
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"its",
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"for",
"the",
"last",
"19",
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"years",
".",
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"statements",
"contained",
"herein",
"may",
"constitute",
"\"",
"forward",
"-",
"looking",
"statements",
"\"",
"within",
"the",
"meaning",
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"the",
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"Securities",
"Litigation",
"Reform",
"Act",
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"1995",
".",
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"looking",
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"any",
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"associated",
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"property",
"improvements",
",",
"financing",
"commitments",
"and",
"general",
"competitive",
"factors",
"."
] | [
"O",
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1530981-000168316817001737-probility_ex9901 | EX-99.1
7
probility_ex9901.htm
PRESS RELEASE
Exhibit 99.1
PROBILITY MEDIA CORP. CLOSES THE
ACQUISITION OF W MARKETING
June 27, 2017
HOUSTON,
TX-(Marketwired - Jun 27, 2017) - ProBility Media Corp. (OTCQB: PBYA) today announces that it has closed the
acquisition of W Marketing, Inc., a profitable, revenue-generating provider of National Electrical Codes (NECs) to the electrical
and construction industries. The acquisition is expected to strengthen ProBility's financial position and enable the Company
to become one of the nation's largest wholesalers of National Fire Protection Association (NFPA) electrical codes.
W Marketing,
located in Hauppauge, New York, provides the latest NECs through its nationwide network of electrical distributors, which includes
bookstores, trade/vocational schools, universities, retail chains, specialty retailers, and independent hardware stores. ProBility
now expects to become one of the largest wholesalers of NFPA electrical codes in the United States, and expects to provide codes
to over 175,000 electricians in each three-year cycle.
The
NEC is a regionally adoptable standard for the safe installation of electrical wiring and equipment in the United States. It is
part of the National Fire Codes series published by the National Fire Protection (NFPA), a private association. First published
in 1897, the NEC is updated and published every three years, 2017 being the most recent addition. In 2017, W Marketing achieved
$2.7 million in revenues. ProBility expects 2018 and 2019 revenues to be less than 2017, and to increase again in 2020, when the
new codes will be released.
W Marketing's
vast library of published products includes courses and exam preparation materials. The company is also the official publisher
and producer of the Dr. Watts companion electrical guides for the electrical and construction trades. With a complete line of
NEC books, reference guides, training DVDs and CD-Roms, W Marketing is a strong advocate for continued learning within the electrical,
plumbing, building and construction industries.
"The
closing of the acquisition of W Marketing highlights our commitment to aggressively building an international brand for education,
training and compliance dedicated to the skilled trades", states Noah Davis, President and Chief Operating Officer of ProBility.
"With the aggressive push from the current administration and the anticipated apprenticeship program, ProBility is positioned
to take advantage of the projected upturn in the macroeconomic environment for construction and building by offering high quality
products with the emphasis on safety".
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1289788-000114420407030095-v077460_ex99-1 | EX-99.1
2
v077460_ex99-1.htm
Macquarie
Infrastructure Company LLC
125
W.
55
th
Street
New
York,
NY 10019
Media
Release
MACQUARIE
INFRASTRUCTURE COMPANY CLOSES ACQUISITION OF TWO FIXED BASE OPERATIONS
New
York, NY - June 4, 200
7
Macquarie
Infrastructure Company (NYSE: MIC), a market leader in the ownership
and
operation of infrastructure businesses in the US, announced that
it has
completed its previously announced purchase of fixed base operations
("FBOs") at Santa Monica Municipal Airport in Santa Monica, California
and
Stewart International Airport in New Windsor, New York. The facilities
currently operate as the Supermarine FBO network.
"The
addition of two high-quality sites at Santa Monica and Stewart
to our
Atlantic Aviation network further solidifies our already strong
position
in the FBO market", said Peter Stokes, CEO of Macquarie Infrastructure
Company. "With a network of 43 facilities at some of the most popular
general aviation destinations in the country, pilots and travellers
have
even more opportunities to experience the friendly, service-minded
"Atlantic Attitude"".
The
Company is investing an aggregate $90.2 million, including costs,
in the
Supermarine sites. Both will be rebranded and integrated into Macquarie
Infrastructure Company's existing Atlantic Aviation operations. MIC will
report the financial results of the new facilities as a component
of its
airport services business segment.
MIC
funded the acquisition with $32.5 million drawn against an existing
credit
facility at Atlantic and $57.7 million of cash.
FBOs
provide fuel and fuel-related services, terminal services and aircraft
hangarage to the general aviation community. The facility at Santa
Monica
is the sole FBO at that airport and the facility at Stewart is
one of two
FBOs.
ABOUT
MACQUARIE INFRASTRUCTURE COMPANY
MIC
owns, operates and invests in a diversified group of infrastructure
businesses, which provide basic, everyday services, to customers
in the
United States. Its businesses consist of an airport services business,
an
airport parking business, a district energy business, a gas production
and
distribution business, and a fifty percent indirect interest in
a bulk
liquid storage terminal business. The Company is managed by a wholly-owned
subsidiary of Macquarie Bank Limited. For additional information,
please
visit the Macquarie Infrastructure Company website at www.macquarie.com/mic.
MIC-G
FOR
FURTHER INFORMATION, PLEASE CONTACT:
Investor
enquiries
Jay
A. Davis
Investor
Relations
Macquarie
Infrastructure Company
(212)
231-1825
Media
enquiries
Alex
Doughty
Corporate
Communications
Macquarie
Infrastructure Company
(212)
231-1710
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1003640-000110465907029997-a07-11892_1ex99d1 | EX-99.1
2
a07-11892_1ex99d1.htm
EX-99.1
EXHIBIT
99.1
Contact:
Jacob Inbar
President and Chief Executive Officer
(805) 388-1345, Ext. 201
FOR IMMEDIATE RELEASE
AML
COMMUNICATIONS COMPLETES ACQUISTION OF CONTROLLING INTEREST IN MICA-TECH
CAMARILLO,
California - April 16, 2007
AML
Communications, Inc. (AMLJ.OB) announced today that it completed the
acquisition of a controlling position in Mica-Tech, Inc., in a cash-for-stock
transaction. Under the terms of the
agreement, AML purchased 51% of Mica- Tech's outstanding stock for $800,000.
Mica-Tech, Inc.,
designs, manufactures, and markets an intelligent satellite communication
system to provide Supervisory Control And Data Acquisition (SCADA) of the
electric power grid. The satellite
system is marketed to Power Utility Companies and enables remote control of
substations for reducing black-outs and enhancing power/load regulation during
peak demand hours.
The Federal Energy
Regulatory Commission (FERC) has mandated the Power Utility Companies to
electronically control substations for purposes of monitoring power quality and
increase power grid reliability.
Mica-Tech's satellite system provides an immediate and low cost solution
for substation control.
Mica-Tech has
successfully deployed its products with a major Southern California Utility
Company. Penetration into the country-wide utility companies market is in the
initial phase. The Mica-Tech's website is located at http://www.mica-tech.com
AML Communications
is a designer, manufacturer, and marketer of amplifiers and integrated
assemblies that address the Defense microwave markets. The Company's Web site
is located at http://www.amlj.com
This press release
contains forward-looking statements made in reliance upon the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are
not limited to, the Company's views on future profitability, commercial
revenues, market growth, capital requirements, new product introductions, and
are generally identified by words such as "thinks", "anticipates", "believes", "estimates,"
"expects", "intends", "plans", and similar words. 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 statements. These factors and uncertainties include: reductions
or cancellations in orders from new or existing customers; success in the
design of new products; the opportunity for future orders from domestic and
international customers including, in particular defense customers; general
economic conditions; the limited number of potential customers; variability in
gross margins on new products; inability to deliver products as forecast; failure
to acquire new customers; continued or new deterioration of business and
economic conditions in the wireless communications industry; and intensely
competitive industry conditions with increasing price competition. 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
that may affect forward-looking statements. Forward-looking statements are
based on information presently available to senior management, and the Company
has not assumed any duty to update its forward-looking statements.
| [
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19411-000090951806000135-jd2-6ex_99 | EX-99
3
jd2-6ex_99.txt
99.1
EXHIBIT 99.1
[Magellan Health Services logo] NEWS RELEASE
55 Nod Road
Avon, CT 06001
www.MagellanHealth.com
FOR IMMEDIATE RELEASE
---------------------
Investor Contact: Melissa Rose
877-645-6464
Media Contact: Erin Somers
410-953-2405
MAGELLAN HEALTH SERVICES COMPLETES ACQUISITION
OF NATIONAL IMAGING ASSOCIATES, INC.
--------------------------------------------------------------------------------
AVON, Conn. - January 31, 2006 - Magellan Health Services, Inc. (Nasdaq:MGLN)
today announced that it has completed its acquisition of National Imaging
Associates, Inc. (NIA), a privately held radiology benefits management (RBM)
firm headquartered in Hackensack, N.J. The Company paid approximately $122
million, after giving effect to cash acquired in the transaction, for NIA, which
becomes a wholly owned subsidiary of Magellan. The Company also confirmed its
expectation, as previously announced, that the NIA business would contribute
approximately one million dollars of net income, or $0.02 of earnings per share
on a fully diluted basis, and $13 million of segment profit to Magellan's
results in the remainder of 2006.
Steven J. Shulman, chairman and chief executive officer of Magellan, said, "With
the acquisition of NIA, Magellan has taken a bold step toward realizing its
strategic vision as a leader in the specialty health care niche. Radiology
benefits management addresses a top priority for health care purchasers and
offers significant growth opportunity for Magellan. We look forward to
leveraging our existing customer base, financial strength and operational
infrastructure to support NIA's entry into risk-based business as a platform for
future growth".
NIA manages diagnostic imaging services on a non-risk basis for its customers,
which include some of the nation's largest health plans, to ensure that such
services are clinically appropriate and cost effective. With more than 17
million lives under contract, it manages more lives than any other radiology
benefits management firm in the country.
About Magellan: Headquartered in Avon, Conn., Magellan Health Services, Inc.
(Nasdaq:MGLN) is a leading specialty health care management organization. Its
customers include health plans, corporations and government agencies.
Cautionary Statement: Certain of the statements made in this press release
including, without limitation, statements regarding the effects of the
contemplated acquisition by Magellan of NIA, estimates of future financial
performance, including revenue, segment profit and earnings per share,
expectations concerning future growth and other matters constitute
forward-looking statements contemplated under the Private Securities Litigation
Reform Act of 1995. These forward-looking statements are based on management's
current expectations and are subject to known and unknown uncertainties and
risks which could cause actual results to differ materially from those
contemplated or implied by such forward-looking statements, including (among
others) risk concerning the possible election of certain of the Company's health
plan customers to manage the behavioral health care services of their members
directly; renegotiation of rates paid to and/or by the Company by customers
MAGELLAN HEALTH SERVICES COMPLETES ACQUISITION OF NATIONAL IMAGING ASSOCIATES,
INC. PAGE 2
and/or to providers; higher utilization of behavioral health treatment services
by members; delays, higher costs or inability to implement the Company's
initiatives; termination or non-renewal of contracts by customers; the impact of
new or amended laws or regulations; governmental inquiries and/or litigation;
the impact of increased competition on ability to maintain or obtain contracts;
the impact of increased competition on rates paid to or by the Company; and
other factors. Any forward-looking statements made in this document are
qualified in their entirety by the more complete discussion of risks set forth
in the section entitled "Cautionary Statements" in Magellan's Annual Report on
Form 10-K for the year ended December 31, 2004 and in the section entitled
"Forward-Looking Statements" in Magellan's Form 10-Q for the quarter ended
September 30, 2005 and the section entitled "Risk Factors" in the prospectus and
prospectus supplement filed with the Securities and Exchange Commission in
connection with the November 2005 secondary offering of Magellan common stock by
certain shareholders, each as filed with the Securities and Exchange Commission
and posted on the Company's Web site. Segment profit information referred to in
this press release may be considered a non-GAAP financial measure. Further
information regarding this measure, including the reasons management considers
this information useful to investors, is included in Magellan's Annual Report on
Form 10-K for the year ended December 31, 2004 and in Magellan's Form 10-Q for
the quarter ended September 30, 2005.
# # #
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".",
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"O",
"O",
"O",
"O",
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"O",
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] |
1397047-000101376209002263-ex993 | EX-99.3
6
ex993.htm
EXHIBIT 99.3
ex993.htm
Exhibit 99.3
FOR
IMMEDIATE RELEASE-December 8, 2009
ANCHOR
FUNDING SERVICES, INC.'s CO-CHAIRMEN AND INVESTOR MAKE $500,000 INVESTMENT FOR
500,000 COMMON SHARES AT $1.00 PER SHARE
BOCA
RATON, Fla., Dec. 8 /PRNewswire-FirstCall/ -- Anchor Funding Services, Inc.'s
(OTC Bulletin Board Symbol "AFNG.OB") Co-Chairmen, Morry F. Rubin and George
Rubin and a private investor have agreed to purchase from the Company 500,000
common shares at $1.00 per share and, in addition, will receive as a group,
2,000,000 warrants exercisable at $1.00 per share. The common stock investment
represents a 65% premium price above the December 7, 2009 closing bid price of
Anchor Common Stock. The Company plans to utilize the additional funds for
working capital and to complete the recently announced acquisition of Brookridge
Funding, LLC ("Brookridge").
Morry F.
Rubin, Chairman and CEO, stated "We are excited about Anchor's growth
opportunities and our investment in the Company at approximately a 65% premium
to its December 7, 2009 closing bid price highlights our belief in Anchor's
prospects and growth potential. The current credit crisis facing small U.S.
businesses seeking new business credit facilities or seeking to expand existing
credit facilities poses serious challenges. Anchor continues to position itself
to capitalize upon providing credit to small U.S. businesses through its direct
marketing and sales efforts and from seeking acquisitions of factoring and
specialty finance firms serving the small to mid size business
sector."
About
Brookridge
Since
1995, Brookridge has provided over $430 million of purchase order and accounts
receivable financing to small and mid-sized U.S. businesses. The purchase order
financing industry, a specialty niche funding sector, is not dominated by any
single firm and serves to fill a critical need for companies requiring working
capital to source goods from suppliers in order to fill customer purchase orders
from credit worthy companies, Fortune 1000 corporations or government related
entities. Purchase order financing for U.S. based firms supports payments for
the flow of goods within the supply chain to suppliers for production of goods
which ultimately reach the end consumer.
About
Anchor
Anchor
provides innovative accounts receivable funding to small and mid-size U.S.
businesses. Through our 80% owned subsidiary, Brookridge Funding
Services, LLC, we provide purchase order financing solutions to firms requiring
non-traditional financing for U.S. based clients conducting business with
creditworthy firms domestically. Our funding facility which is based upon
creditworthiness of accounts receivable, provides rapid and flexible financing
to support small and mid-size businesses' working capital needs.
Additional
Information
For
additional information, a copy of Anchor's Form 8-K filed with the Securities
and Exchange Commission on December 8, 2009 can be obtained on the Internet by
going to www.sec.gov, clicking "Search for Company filings", then clicking
"Company or fund name, ticker symbol, CIK (Central Index Key), file number,
state, country, or SIC (Standard Industrial Classification)", typing in our
company name and clicking "find Companies".
Safe
Harbor Statement Under the Private Securities Litigation Reform Act of
1995.
Certain
statements in this press release 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,
performance or achievements of the company to be materially different from any
future results, performances or achievements express or implied by such
forward-looking statements. The forward-looking statements are
subject to risks and uncertainties including, without limitation, changes in
levels of competition, possible loss of customers, and the company's ability to
attract and retain key personnel.
Contact
Morry F. Rubin, Chairman and C.E.O. (866) 950- 6669 EXT 302
Email:
mrubin@anchorfundingservices.com
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1588972-000095017021001450-reph-20210810ex99_1 | EX-99.1
5
reph-20210810ex99_1.htm
EX-99.1
EX-99.1
Exhibit 99.1
Contacts:
Stephanie Diaz (Investors) Tim Brons (Media) Ryan D. Lake (CFO)
Vida Strategic Partners Vida Strategic Partners Recro
415-675-7401 415-675-7402 770-531-8365
sdiaz@vidasp.com
tbrons@vidasp.com ryan.lake@recroCDMO.com
Recro announces entry into letter of intent for acquisition of a full service cdmo
EXTON, PA, August 10, 2021 - Recro Pharma, Inc. ("Recro"; NASDAQ: REPH), a contract development and manufacturing organization (CDMO) dedicated to solving complex formulation and manufacturing challenges for companies developing oral solid dose drug products, today announced that it has signed a non-binding letter of intent ("the LOI") for its acquisition of a full service CDMO with capabilities that range from formulation development to commercial manufacturing for various dosage forms including oral liquids, sterile injectables, tablets, topicals, liquid/powder filled capsules, ophthalmic droppers, liposomes and nano/microparticles (the "Target").
Pursuant to the LOI, Recro agreed to acquire 100% of the equity interests of the Target in exchange for consideration having an aggregate value of approximately $49.850 million, assuming a cash free, debt free balance sheet and that the Target has, at closing, an adequate level of working capital (excluding cash) to support the operations of its business post-closing. The purchase price will be paid through: (i) $25.5 million of cash at closing; (ii) 9,302,718 shares of common stock of Recro to be issued to Target in six months; and (iii) seller notes of $6.1 million. The seller notes will have a three (3) year maturity date from the date of closing and bear interest at a rate of 6% annually. The seller notes will be expressly subordinated and unsecured in right of payment and priority to Recro's existing debt with Athyrium Capital Management.
"We are excited about this potential transaction and look forward to closing and sharing more details in the near term", said David Enloe, president and chief executive officer of Recro.
Completion of the transaction is subject to finalization of due diligence investigations by the relevant parties, the negotiation and execution of definitive transaction agreements and other customary closing conditions. There can be no assurance that a definitive agreement will be entered into or that the proposed transaction will be consummated. Further, readers are cautioned that those portions of the LOI that describe the proposed transaction, including the consideration to be issued therein, are non-binding.
About Recro
Recro (NASDAQ: REPH) is a contract development and manufacturing organization (CDMO) with capabilities from early feasibility to commercial manufacturing. With an expertise in solving complex manufacturing problems, Recro is a CDMO providing oral solid dosage form development, end-to-end regulatory support, clinical and commercial manufacturing, and packaging and logistics services to the global pharmaceutical market.
In addition to our experience in handling DEA controlled substances and developing and manufacturing modified release oral solid dosage forms, Recro has the expertise to deliver on our clients' pharmaceutical development and manufacturing projects, regardless of complexity level. We do all of this in our best-in-class facilities, which total 120,000 square feet, in Gainesville, Georgia.
For more information about Recro's CDMO solutions, visit recrocdmo.com.
Forward-Looking Statements
This press release includes 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. These statements, among other things, the Company's expectations regarding the potential acquisition of the Target, the potential benefits of the acquisition of the Target, the proposed terms and conditions of a definitive agreement with the Target and the receipt of all necessary approvals and satisfaction of all closing conditions for completion of the transaction, and other statements. The words "anticipate", "believe", "could", "estimate", "upcoming", "expect", "intend", "may", "plan", "predict", "project", "will" and similar terms and phrases may be used to identify forward-looking statements in this press release. Factors that could cause the company's actual outcomes to differ materially from those expressed in or underlying these forward-looking statements include risks that the proposed transaction may not occur on the terms described in this press release or at all; if the proposed transaction completes, the results and potential of the combined business and the combination of Target's business with the Company's business may not be as anticipated; the ongoing economic and social consequences of the COVID-19 pandemic, including any adverse impact on the customer ordering patterns or inventory rebalancing or disruption in raw materials or supply chain; demand for the company's services, which depends in part on customers' research and development and the clinical plans and market success of their products; customers' changing inventory requirements and manufacturing plans; customers and prospective customers decisions to move forward with the company's manufacturing services; the average profitability, or mix, of the products the company manufactures; the company's ability to enhance existing or introduce new services in a timely manner; fluctuations in the costs, availability, and suitability of the components of the products the company manufactures, including active pharmaceutical ingredients, excipients, purchased components and raw materials, or the company's customers facing increasing or new competition. These forward-looking statements should be considered together with the risks and uncertainties that may affect our business and future results presented herein along with those risks and uncertainties discussed in our filings with the Securities and Exchange Commission at www.sec.gov. These forward-looking statements are based on information currently available to us, and we assume no obligation to update any forward-looking statements except as required by applicable law.
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1071341-000114420411000376-v207154_ex99-1 | EX-99.1
3
v207154_ex99-1.htm
Contact:
Rick Berry
Chief
Financial Officer
600
Travis Street, Suite 5800
Houston,
Texas 77002
713.993.4614
Sanders
Morris Harris Group Completes Investment in
Global
Financial Services, $4 Billion Wealth Management Firm
HOUSTON, January 4, 2010
-
Sanders Morris Harris Group Inc. (NASDAQ: SMHG) today announced that it has
completed its previously announced purchase of a 50.1% interest in Global
Financial Services L.L.C. (
www.globalhou.com
).
Global Financial manages approximately $4 billion of client assets and, like
Sanders Morris Harris, is headquartered in Houston, Texas. The transaction
increases Sanders Morris Harris's client assets to approximately $16.1
billion.
Global
Financial's principals will continue as Managing Directors and members of the
Board of Managers of the firm, which will serve its clients as before, adding
access to certain of the investment programs and technology offered by Sanders
Morris Harris. Global Financial is a registered broker-dealer and member of
FINRA whose accounts clear through J.P. Morgan Clearing Corp. It also has a
registered investment advisory arm.
Global
Financial will retain its own name and quarters and its founders will maintain
ownership of the balance of the business. Its clients are largely international
executives, their families and corporations. Its 2010 revenues were
approximately $16.4 million.
Sanders
Morris Harris also announced that it had consummated the previously announced
spinoff of its Concept Capital division. It retains a 43.5% profits interest in
the new entity.
About
Sanders Morris Harris Group
Sanders
Morris Harris Group is a wealth/asset management company that manages
approximately $16.1 billion in client assets. Client assets include the gross
value of assets under management directly or via outside managers and assets
held in brokerage accounts for clients by outside clearing firms. Its corporate
philosophy of investment in common aligns its interests with those of its
clients. Sanders Morris Harris has more than 560 employees in 20 states.
Additional information is available at www.smhgroup.com.
* *
*
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1172852-000110465907091354-a07-31953_4ex99d1 | EX-99.1
10
a07-31953_4ex99d1.htm
EX-99.1
Exhibit 99.1
PRESS
RELEASE
VCG Holding Corp. Announces Completion of Purchase of LaBoheme
Gentlemen's Cabaret in Denver, CO
-
5
th
Acquisition in Denver
-
12
th
Acquisition this Year
DENVER (BUSINESS WIRE) December 26,
2007 -
VCG Holding Corp. (AMEX: PTT)
, a
growing and leading consolidator and operator of adult nightclubs, today
announced that it has completed its previously announced acquisition of
LaBoheme Gentlemen's Cabaret in Denver, CO.
The definitive agreement for this acquisition was previously announced
in a press release dated December 6, 2007.
The Company received its liquor license and took over full operations on
December 21, 2007.
VCG Holding has purchased
all of the assets including intellectual property from 1443 Corp., the owner of
LaBoheme, for $5.0 million. The Company
paid 3.6 times EBITDA and funded the acquisition through cash and lines of
credit. In the previous 12 months, the
club generated revenues of approximately $3.5 million and operating profits on
a pro forma basis in excess of $1.4 million.
LaBoheme is a 12,000
square feet club and is directly across from the Denver convention center's
main entrance. The club's EBITDA for
2007 is expected to be $1.4 million with add backs. VCG Holding's management estimates that EBITDA
for 2008 will be over $1.5 million, as a result of the major events in the
Denver area for 2008 and the realization of operating and marketing
efficiencies. Further, the Company
expects to realize similar operating and marketing efficiencies at its other
Denver area clubs.
Troy Lowrie, Chairman and
CEO of VCG Holding, stated, "With this acquisition VCG Holding now has five
Denver area locations, including the only two downtown locations in the
city. We expect all of our locations in
Denver to have a very good year in 2008 with a number of events occurring in
the city including the Democratic National Convention in August, as well as
other major conventions.
"The LaBoheme acquisition
demonstrates our business plan of clustering club locations in major metropolitan
markets. This technique allows key
management to oversee multiple locations and gain efficiencies in our
operations. We now have five locations
in both Denver and St. Louis, and we expect to expand our cluster operating
model to the other cities during the next few years. This acquisition brings the total number of
acquisitions in 2007 to 12 clubs. Being
one of a few adult entertainment consolidators, we look forward to more
accretive acquisitions in 2008 and beyond", concluded Mr. Lowrie.
About VCG Holding Corp.
VCG Holding Corp. is an
owner, operator and consolidator of adult nightclubs throughout the United
States. The Company currently owns 19 adult nightclubs and one upscale dance
lounge. The night clubs are located in Indianapolis, IN, St. Louis, MO, Denver
and Colorado Springs, CO, Ft. Worth and Dallas, TX, Raleigh, NC, Minneapolis,
MN, Louisville, KY, Portland, ME, and Miami, FL.
390 Union Blvd. | Suite
540 | Lakewood, CO 80228 | ph: 303.934.2424 | fx: 303.922.0746 | 1.800.627.8243
|
www.vcgh.com
Forward-Looking Statements:
Certain statements in
this release are forward-looking statements within the meaning of the
Securities Litigation Reform Act of 1995. Such statements are based on current
expectations, estimates and projections about the Company's business based, in
part, on assumptions made by management. These statements are not guarantees of
future performance and involve risks and uncertainties that are difficult to
predict. Therefore, actual outcomes and results may differ materially from what
is expressed or forecasted in such forward-looking statements due to numerous
factors identified from time to time in the Company's reports with the
Securities and Exchange Commission, including our Annual Report on Form 10-KSB
for the year ended December 31, 2006. All forward-looking statements
attributable to us or any persons acting on our behalf are expressly qualified
in their entirety by these cautionary statements. All guidance and
forward-looking statements in this press release are made as of the date hereof
and we do not undertake any obligation to update any forecast or
forward-looking statements, except as may be required by law.
Contact:
Troy H. Lowrie, CEO
Brent Lewis, CFO
VCG Holding Corporation
390 Union Blvd, Suite 540
Lakewood, Colorado 80228
Telephone
303.934.2424
Facsimile
303-922.0746
Email:
tlowrie@vcgh.com
blewis@vcgh.com
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"O",
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1563568-000156459021014610-adom-ex991_7 | EX-99.1
2
adom-ex991_7.htm
EX-99.1
adom-ex991_7.htm
ADOMANI® and Envirotech Drive Systems Announce Closing of Merger Creating North America's Premier Manufacturer of All-Electric Zero-Emission Class 3, 4, 5 and 6 Vehicles
Combined company brings expertise, a customer-ready product line and cost efficiency to commercial electric vehicle industry
CORONA, CA / ACCESSWIRE / March 17, 2021 / ADOMANI, Inc. (
OTCQB
:
ADOM
)
, (DBA Envirotech Vehicles) a provider of new zero-emission purpose-built electric vehicles and drivetrain solutions, today announced the completion of a merger with Envirotech Drive Systems, Inc. ("EVT"), North America's first and only manufacturer of purpose-built all-electric zero-emission Class 3, 4, 5 and 6 vehicles. The company had previously announced the execution of the merger agreement in February 2021.
Adomani has acquired EVT through a share exchange transaction whereby shares of common stock of ADOMANI have been exchanged for shares of common stock of EVT. The exchange has been executed via a reverse triangular merger transaction involving a newly formed subsidiary of ADOMANI that has merged with and into EVT, with EVT surviving the merger as a wholly-owned subsidiary. EVT stockholders hold approximately 56% of the total outstanding shares of common stock of ADOMANI.
Industry pioneer Phillip Oldridge will continue to serve as CEO of Envirotech Vehicles. Mr. Oldridge is a senior executive with over 30 years of proven experience leading teams and delivering business results. He previously served as CEO of Green Power Motor Company.
"We are excited to bring together the expertise of two industry-leading companies to launch Envirotech Vehicles into the rapidly expanding electric vehicle space", said Mr. Oldridge. "With this merger, Envirotech Vehicles possesses one of the most comprehensive product lines in the industry, with multiple new products under development which will help fuel the company's growth. Additionally, our products are customer-ready and we believe cost competitive given that as a result of the merger, we
504238256.2
have been able to reduce vehicle cost by eliminating a previous two-step vehicle markup process. With these key components in place, we believe we are poised and ready to capture the surging market opportunity, as fleet truck operators convert to electric".
Mr. Oldridge further commented, "With a capital raise of up to $23 million in place, (subject to certain conditions), to scale our business operations, Envirotech Vehicles moves forward in a strengthened position financially and remains laser-focused on driving sustainable, lasting growth. We have a clear goal of achieving operating profitability in 2022 and we believe our financial resources make this goal attainable. We are excited and ready to serve the market as Envirotech Vehicles delivers high-quality, customer-ready electric vehicles and contributes to achieving the zero-emission standards that have been publicly announced by a multitude of major commercial fleet companies".
In connection with the merger closing, Envirotech Vehicles has reconfigured its Board of Directors, with three existing members resigning effective as of the closing, and Mr. Oldridge becoming a Director and Chairman. Michael Menerey, CFO, will remain a director, and five new directors have been appointed, four of whom were designated by EVT, satisfying the merger requirement that the new Board increase from five to seven directors.
About Envirotech Vehicles
ADOMANI, Inc. (DBA Envirotech Vehicles) is a provider of new zero-emission electric vehicles and is a provider of zero-emission electric drivetrain systems for integration in medium to heavy-duty commercial fleet vehicles, as well as re-power conversion kits for the replacement of drivetrain systems in combustion-powered vehicles. Envirotech Vehicles
'
zero-emission electric vehicles are focused on reducing the total cost of vehicle ownership and help fleet operators unlock the benefits of green technology and address the challenges of traditional fuel price cost instability and local, state and federal environmental regulatory compliance. For more information visit
504238256.2
www.ADOMANIelectric.com
About Envirotech Drive Systems, Inc.
Envirotech Drive Systems, Inc. has partnered with leading OEM suppliers, and utilizes proprietary systems and technology to build leading edge all-electric vehicles and drive train technology that are now both more efficient as well as more affordable than traditional combustion engines. EVT believes it will be the first to market to sell and deliver purpose-built all electric vehicles in California without requiring government subsidies. EVT sells a line of newly innovated, high quality, multi-platform electric drive systems, controllers, ancillary components, and telematics options for existing truck fleets as well as for special-purposed vehicles of all sizes. EVT systems can be retrofitted into rolling stock or integrated as OEM parts.
Cautionary Statement Regarding Forward-Looking Statements
Statements made in this press release that relate to future plans, events, financial results, prospects or performance are forward-looking statements. While they are based on the current expectations and beliefs of management, such forward-looking statements are subject to a number of risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from the expectations expressed in this press release, including the risks and uncertainties disclosed in reports filed by ADOMANI, Inc. (DBA Envirotech Vehicles) with the Securities and Exchange Commission, all of which are available online at www.sec.gov. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words "planned", "expects", "believes", "strategy", "opportunity", "anticipates", "outlook", "designed", and similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Except as required by law, Envirotech Vehicles undertakes no obligation to update or revise any forward-looking statements to reflect new information, changed circumstances or unanticipated events.
Contact Information
Investor Relations Contacts:
504238256.2
Envirotech Vehicles
Michael K. Menerey, Chief Financial Officer
Telephone: (951) 407-9860 ext. 1205
Email: mike.m@ADOMANIelectric.com
IMS Investor Relations
John Nesbett/Jennifer Belodeau
203.972.9200
Email: jnesbett@institutionalms.com
504238256.2
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".",
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"ADOMANI",
",",
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".",
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"visit",
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".",
"2",
"www.ADOMANIelectric.com",
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".",
"Cautionary",
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"Forward",
"-",
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",",
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"assumptions",
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",",
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"DBA",
"Envirotech",
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"with",
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"and",
"Exchange",
"Commission",
",",
"all",
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"which",
"are",
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"www.sec.gov",
".",
"All",
"statements",
",",
"other",
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"statements",
"of",
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"fact",
",",
"are",
"statements",
"that",
"could",
"be",
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"-",
"looking",
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",",
"including",
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"\"",
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"believes",
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"\"",
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"\"",
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",",
"\"",
"anticipates",
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",",
"\"",
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",",
"\"",
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",",
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"Readers",
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"reliance",
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"these",
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"-",
"looking",
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",",
"which",
"speak",
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"date",
"hereof",
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"Except",
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"required",
"by",
"law",
",",
"Envirotech",
"Vehicles",
"undertakes",
"no",
"obligation",
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"update",
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"revise",
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"forward",
"-",
"looking",
"statements",
"to",
"reflect",
"new",
"information",
",",
"changed",
"circumstances",
"or",
"unanticipated",
"events",
".",
"Contact",
"Information",
"Investor",
"Relations",
"Contacts",
":",
"504238256",
".",
"2",
"Envirotech",
"Vehicles",
"Michael",
"K",
".",
"Menerey",
",",
"Chief",
"Financial",
"Officer",
"Telephone",
":",
"(",
"951",
")",
"407",
"-",
"9860",
"ext",
".",
"1205",
"Email",
":",
"mike.m@ADOMANIelectric.com",
"IMS",
"Investor",
"Relations",
"John",
"Nesbett",
"/",
"Jennifer",
"Belodeau",
"203",
".",
"972",
".",
"9200",
"Email",
":",
"jnesbett@institutionalms.com",
"504238256",
".",
"2"
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1432967-000094344010000381-hhimports_ex99z1 | EX-99.1
9
hhimports_ex99z1.htm
PRESS RELEASE
Press Release
EXHIBIT 99.1
H&H Imports, Inc. Announces Acquisition of TV Goods Holding Corporation
Acquisition Places TV Goods Chairman, Kevin Harrington,
One of the Stars on ABC's Reality TV Show "Shark Tank",
at Helm of Company
May 28, 2010 (Business Wire) -- H & H Imports Inc. (OTCBB:HNHI), today announced that it has completed the merger first announced on April 18, 2010.
On April 18, 2010, the company filed a Form 8-K with the SEC which disclosed that, on April 15, 2010, it had entered into a definitive merger agreement (the "Merger Agreement") to acquire TV Goods Holding Corporation ("TV Goods"), a Florida-based privately held direct response ("DR") marketing company, pursuant to which TV Goods would be merged with a subsidiary of H&H and continue its business as a wholly owned subsidiary of H&H. That merger was completed earlier today.
Under the terms of the Merger Agreement, the TV Goods shareholders received shares of H&H common stock such that the TV Goods shareholders own approximately 98% of the total of approximately 184,755,010 shares of H&H issued and outstanding as of today's closing. A Form 8-K will be filed next week disclosing the material terms of the transaction.
Also, TV Goods announced today that, prior to closing, it had completed a private placement of its securities for gross proceeds of approximately $2.4 million. Management of TV Goods believes one of the key factors in the success of the private placement was Kevin
Harrington's track record of billions of dollars in sales in the DR industry.
About TV Goods Holding Corporation
TV Goods is a Florida corporation located in Clearwater, Florida which develops, markets and distributes products and services primarily through infomercials and other direct response channels of distribution. TV Goods intends to leverage the experience and current high profile of its chairman, Kevin Harrington, and his management team to develop and launch marketing campaigns for a portfolio of products and services. Mr. Harrington has most recently appeared as one of the stars on ABC's reality TV show "Shark Tank".
About H & H Imports, Inc.
H&H is subject to the reporting requirements of the Securities and Exchange Commission and its common stock is quoted on the Over-the-Counter Bulletin Board. H&H was organized under the laws of the state of Florida to purchase and sell at wholesale women's handbags and other leather products recently introduced products into the marketplace.
SAFE HARBOR STATEMENT: This news release contains "forward-looking statements" made pursuant to the safe harbor provisions of the 1995 Private Securities Litigation Reform Act. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "future", "plan" or "planned", "will" or "should", "expected", "anticipates", "draft", "eventually" or "projected." Such statements are subject to risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that our products may not achieve customer acceptance or perform as intended, that we may be unable to obtain necessary financing to continue operations and development, and other risks. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.
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1646587-000164658719000048-exhibit991axadlajointpress | EX-99.1
2
exhibit991axadlajointpress.htm
EXHIBIT 99.1
Exhibit
Exhibit 99.1
NorthStar Realty Europe Completes Merger with AXA Investment Managers - Real Assets
September 30, 2019
NEW YORK-(BUSINESS WIRE)-September 30, 2019- NorthStar Realty Europe Corp. (NYSE: NRE) ("NRE") today announced the completion of the previously announced acquisition of NRE by AXA Investment Managers - Real Assets ("AXA IM - Real Assets"), acting as manager of one of its funds, through a merger (the "merger") of NRE with and into a wholly-owned subsidiary of such fund. The merger was approved at a special meeting of NRE stockholders held on September 25, 2019. Each share of NRE common stock outstanding as of the merger was cancelled and converted automatically into the right to receive an amount in cash equal to the sum of $1.68 plus the U.S. dollar equivalent of €9.26 plus the U.S. dollar equivalent of £3.82.
After the settlement of the previously disclosed forward exchange contracts to hedge the non-U.S. dollar portions of the merger consideration, the U.S. dollar consideration to be paid for each share of NRE common stock is approximately $17.01.
In connection with the completion of the merger, NRE's common stock will be delisted from the New York Stock Exchange.
***
About AXA Investment Managers - Real Assets
AXA Investment Managers - Real Assets has €85 billion in assets under management, including €64.3 billion in direct property & infrastructure and €16.9 billion in real asset finance as of end of June 2019(1). AXA IM - Real Assets offers a 360° approach to investing in real assets, which comprises opportunities in equity or debt, across different geographies and sectors, as well as via private or listed instruments. It is a global leader in real assets investment, the number one property portfolio and asset manager in Europe(2), and one of the largest worldwide. AXA IM - Real Assets' teams have been managing funds and mandates for over 30 years and comprise over 600 people in 13 offices that operate in over 20 countries around the world, which provide it with in-depth knowledge of countries, cities and sectors.
AXA Investment Managers is part of the AXA Group, a world leader in financial protection and wealth management.
Visit our websites:
www.axa-im.com
/
https://realassets.axa-im.com
Follow us on Twitter @AXAIM / @AXAIMRealAssets to get our latest information
1
Source: AXA IM - Real Assets' unaudited data
2
Source: INREV/ANREV Fund Manager Survey - May 2019 - in terms of assets under management
Media contact:
FTI Consulting Inc.
Richard Sunderland, Richard Gotla, Ellie Sweeney, Methuselah Tanyanyiwa
Tel: +44 20 3727 1000
AXAIMRealAssets@fticonsulting.com
2
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867374-000119312506223677-dex991 | EX-99.1
3
dex991.htm
PRESS RELEASE DATED OCTOBER 31, 2006
Press Release dated October 31, 2006
Exhibit 99.1
EFI Completes Acquisition of Jetrion LLC
FOSTER CITY, Calif.-(BUSINESS WIRE)-Oct. 31, 2006-EFI (Nasdaq:EFII), the world
leader in color digital print servers, superwide format inkjet printers and inks, and print management solutions, today announced it has completed its acquisition of Jetrion LLC, a subsidiary of Flint Group Incorporated, for approximately $40
million in cash. The acquisition is an all cash transaction. Jetrion is a leading innovator of inkjet printers, inks and custom printing systems for the label and packaging industries.
The acquisition is expected to add between $3 million and $5 million in revenues to EFI's fourth quarter results with an immaterial impact on pro forma earnings. For the full year 2006, Jetrion is expected to
post revenues of approximately $16 million to $18 million. The Jetrion products are currently anticipated to show top line growth of 30-40 percent in 2007 and again have an immaterial impact to pro forma earnings as EFI makes investments to expand
the Jetrion product line and distribution.
About EFI
EFI (www.efi.com) is the world leader in color digital print servers, superwide format printers and inks, and commercial and enterprise print management solutions. EFI's award-winning solutions, integrated from
creation to print, deliver increased performance, cost savings and productivity. The company's robust product portfolio includes Fiery(R) color print servers; superwide digital inkjet printers, UV and solvent inks; print production workflow and
management information software; and corporate printing solutions. EFI maintains 22 offices worldwide.
All trademarks noted herein are the property of EFI
or Jetrion.
Safe Harbor for Forward Looking Statements
The
statements, "The acquisition is expected to add between $3 million and $5 million in revenues to EFI's fourth quarter results with an immaterial impact on pro forma earnings" and "For the full year 2006, Jetrion is expected to
post revenues of approximately $16 million to $18 million" and "The Jetrion products are currently anticipated to show top line growth of 30-40 percent in 2007 and again have an immaterial impact to pro forma earnings as EFI makes
investments to expand the Jetrion product line and distribution" are 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 are subject to certain risks and uncertainties that could cause actual future results to differ materially, including, but not necessarily limited to, the following: (1) Management's ability to forecast
revenues and control expenses,
especially on a quarterly basis, continues to be a challenge. Unexpected declines in revenue without a corresponding and
timely decline in expenses could have a material adverse effect on results of operations; (2) the Special Committee inquiry into option grants and option grant practices may impact costs and alter the impact of past periods on results for
future periods; (3) the expected delay in filing our 10-Q, and any required restatement of past financial results, could result in a delisting of our Common stock by Nasdaq, or in the declaration of an event of default under our outstanding
convertible debentures, if we are not able to obtain a waiver or to cure such default in a timely manner; (4) current world-wide financial/economic difficulties continue including variations in foreign exchange rates; (5) variations in
growth rates or declines in the printing and imaging market across various geographic regions may cause a material impact in our results; (6) changes in historic customer order patterns, including changes in customer and channel inventory
levels may cause a material impact in our results; (7) changes in the mix of products sold leads to variations in results; (8) market acceptance of new products and contribution to EFI's revenue cannot be assured; (9) delays in
product delivery can cause quarterly revenues and income to fall significantly short of anticipated levels; (10) competition and/or market factors in the various markets may pressure EFI to reduce prices on certain products;
(11) competition with products internally developed by EFI's customers may result in declines in EFI sales and revenues; (12) excess or obsolete inventory and variations in inventory valuation may cause a material impact in our
results; (13) continued success in technological advances, including development and implementation of new processes and strategic products for specific market segments may not be assured; (14) timely and qualitative execution in the
manufacturing of products may not be assured; (15) litigation involving intellectual property or other matters may cause a material impact in our results; (16) our ability to adequately service our debt; (17) our ability to
successfully integrate Jetrion's business with our own without operational disruption to their business or ours, loss of sales, unexpected costs or adverse impact on relations with customers or suppliers; (18) our financial results as
filed on Form 10-Q and Form 10-K may differ from the results included in our earnings press releases due to the complexity in accounting rules; and (19) other risk factors listed from time to time in the Company's SEC reports. EFI
undertakes no obligation to update information contained in this release. For further information regarding risks and uncertainties associated with EFI's business, please refer to the section entitled "Factors That Could Adversely Affect
Performance" of EFI'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 EFI's Investor Relations Department by phone at
650-357-3828 or by email at investor.relations@efi.com or EFI's Investor Relations website at http://www.efi.com.
CONTACT: EFI
John Ritchie, 650-357-3500
Chief Financial Officer
or
Market Street Partners
JoAnn Horne, 415-445-3235
SOURCE: EFI
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"EFI",
"undertakes",
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"For",
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"uncertainties",
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"-",
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"copies",
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"contacting",
"EFI",
"'s",
"Investor",
"Relations",
"Department",
"by",
"phone",
"at",
"650",
"-",
"357",
"-",
"3828",
"or",
"by",
"email",
"at",
"investor.relations@efi.com",
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"Relations",
"website",
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".",
"CONTACT",
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"John",
"Ritchie",
",",
"650",
"-",
"357",
"-",
"3500",
"Chief",
"Financial",
"Officer",
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"Street",
"Partners",
"JoAnn",
"Horne",
",",
"415",
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"445",
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"3235",
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"EFI"
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] |
18061-000110465906082891-a06-26152_1ex99d1 | EX-99.1
3
a06-26152_1ex99d1.htm
EX-99
Exhibit
99.1
FOR
IMMEDIATE RELEASE
CASCADE
CORPORATION ANNOUNCES PURCHASE OF PSM
Cascade
Corporation (NYSE: CAE) announced today that it has acquired PSM Corporation, a
manufacturer of construction attachments based in Woodinville, Washington. Terms of the transaction were not disclosed.
PSM
specializes in designing, manufacturing and marketing attachments and tools
used on medium and heavy duty construction vehicles used in the infrastructure,
demolition, recycling, forestry, utility and general construction markets. PSM currently employs about 120 people. PSM products are sold through construction
dealers and major equipment manufacturers throughout the Western United States. Cascade is the world's largest manufacturer
of materials handling attachments and tools for lift trucks with sales of
approximately $450 million and facilities in North America, Europe and Asia.
Robert
C. Warren, President and Chief Executive Officer of Cascade, commented: "We
view the construction attachment market as a natural extension of our present
product line. We have been planning our
expansion into this market for some time and we believe PSM will provide an
excellent platform for our entry. PSM
serves the market segment we have targeted and its business is built on high quality products and excellent
customer service. These are the same
competitive factors that are the foundation of Cascade's global business and
its success".
Warren
added: "Combining Cascade's and PSM's
knowledge and resources will allow us to better serve existing PSM customers,
significantly expand our geographic scope in The Americas, and to begin
producing construction attachments and tools in China for the Chinese domestic
markets."
Andy
Anderson, Cascade's Chief Financial Officer noted: "While PSM's operating
results will be included in our North American operating segment, and as such,
not reported separately, we expect the acquisition to add between $20 and $30
million in revenue next year." Anderson
further noted: "The purchase price was
approximately $40 million before working capital adjustments. We anticipate a moderate increase in capital
expenditures next year as we begin our expansion activities in both North
American and China".
This
press release contains forward-looking statements made pursuant to the Safe
Harbor provisions of the Private Securities Litigation Reform Act of 1995.
Readers are cautioned that a number of factors could cause our actual results
to differ materially from any results indicated in this release or in any other
forward-looking statements made by us, or on our behalf. These include among
others factors related to general economic conditions, interest rates, demand
for materials handling products, performance of our manufacturing facilities
and the cyclical nature of the materials handling industry. Further, historical
information should not be considered an indicator of future performance.
Additional considerations and important risk factors are described in our
reports on Form 10-K and 10-Q and other filings with the Securities and
Exchange Commission.
About Cascade Corporation:
Cascade
Corporation, headquartered in Fairview, Oregon, is a leading international
manufacturer of materials handling products used primarily on lift trucks.
Additional information on Cascade is available on its website, www.cascorp.com.
Contact
Richard S. "Andy" Anderson
Senior Vice President and Chief Financial Officer
Cascade Corporation
Phone (503) 669-6300
2
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".",
"Robert",
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"Warren",
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"for",
"some",
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"and",
"we",
"believe",
"PSM",
"will",
"provide",
"an",
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"platform",
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"our",
"entry",
".",
"PSM",
"serves",
"the",
"market",
"segment",
"we",
"have",
"targeted",
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"business",
"is",
"built",
"on",
"high",
"quality",
"products",
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"excellent",
"customer",
"service",
".",
"These",
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"the",
"same",
"competitive",
"factors",
"that",
"are",
"the",
"foundation",
"of",
"Cascade",
"'s",
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"business",
"and",
"its",
"success",
"\"",
".",
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".",
"\"",
"Andy",
"Anderson",
",",
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"\"",
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"PSM",
"'",
"s",
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"results",
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",",
"and",
"as",
"such",
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"revenue",
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".",
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"\"",
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"price",
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".",
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"a",
"moderate",
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"year",
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"we",
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"\"",
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"Reform",
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"-",
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"interest",
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".",
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"Richard",
"S",
".",
"\"",
"Andy",
"\"",
"Anderson",
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"Cascade",
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"669",
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37008-000119380513002008-e611500_ex99-1 | EX-99.1
2
e611500_ex99-1.htm
Unassociated Document
Contact at Winthrop Realty Trust
Beverly Bergman
Investor or Media Inquiries
Phone: (617) 570-4614; e-mail: bbergman@firstwinthrop.com
FOR IMMEDIATE RELEASE
October 31, 2013
WINTHROP REALTY TRUST ACQUIRES FOUR CLASS A LUXURY APARTMENT BUILDINGS
FOR IMMEDIATE RELEASE - BOSTON, October 31, 2013/ --
Winthrop Realty Trust (NYSE:FUR) announced today that it has closed on its previously announced pending acquisition of four newly constructed class A luxury apartment buildings for an aggregate purchase price of $246 million. The four properties all built to condominium specifications are:
·
44 Monroe, located in Phoenix, Arizona, is a 34-story residential building comprised of 184 units originally built for sale as condominiums with 1,377 square feet of ground level retail space. Constructed in 2008, the property's amenities include a spa and swimming pool with sundeck, fully furnished clubroom, outdoor terrace with gas grill and fire pit, 24-hour lobby attendant, fitness center, business center, eight floors of secured parking, and conference room.
·
Highgrove, located in Stamford, Connecticut, is an 18-story residential building comprised of 92 condominium quality units. Constructed in 2011, the property's amenities include a 24-hour doorman and concierge, valet parking, shuttle to metro station, fitness club and spa with steam, sauna and locker rooms, yoga studio, sky lit indoor pool with retractable roof and Jacuzzi, walk-in climate-controlled wine cellar, movie screening room, card and billiards room, dog walk area, and furnished tenant guest lodgings.
·
Mosaic II, located in Houston, Texas, is a 29-story residential building comprised of 396 units and 20,065 square feet of ground level retail space. Constructed in 2009, the property's amenities include a 24-hour valet service, a 6,000-square foot wellness center with steam rooms and saunas, an infinity-edge pool, full service 24-hour concierge services, penthouse units of up to 2,959 square feet, and a 6,500 square foot social lounge and recreation area.
·
San Pedro Lofts, located in San Pedro, California, is comprised of 89 units in two distinct residential buildings with 3,545 square feet of ground level retail space. Constructed in 2008, the property's amenities include a sun deck with barbeque, an outdoor fireplace, a fitness center, secured covered parking with a 1.6+ parking ratio in two subterranean, controlled access parking garages, and an outdoor community courtyard.
In connection with the acquisition Winthrop obtained a $150 million loan which has an initial term of three years, provides for two one-year extensions, bears interest at a rate of 2.69% per annum during the three year initial term and LIBOR plus 200 basis points during the renewal terms and requires payments of interest only.
Winthrop expects to enter into a venture with New Valley LLC which venture will indirectly own the properties. When consummated, New Valley will acquire an approximately 16% interest and Winthrop will retain an approximately 84% managing member's interest in the venture.
Winthrop also announced that it has also consummated its previously announced pending transaction to acquire, through an 80% owned venture, a 184-unit garden apartment complex located in Oklahoma City, Oklahoma originally built in 2010. Winthrop, which holds a preferred equity interest in the venture, contributed $5.0 million to the venture. The property was acquired subject to a $9.2 million loan that bears interest at 5.7%, requires payments of principal and interest and matures in February, 2021.
__________________
About Winthrop Realty Trust
Winthrop Realty Trust, headquartered in Boston, Massachusetts, is a NYSE-listed real estate investment trust (REIT) focused on acquiring, owning, operating and investing in real property as well as real estate collateralized debt and REIT preferred and common stock. For more information, please visit our web-site at www.winthropreit.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995. With the exception of the historical information contained in this news release, the matters described herein contain "forward-looking" statements that involve risk and uncertainties that may individually or collectively impact the matters herein described. These are detailed from time to time in the "Risk Factors" section of the Company's SEC reports. Further information relating to the Company's financial position, results of operations, and investor information is contained in the Company's annual and quarterly reports filed with the SEC and available for download at its website www.winthropreit.com
or at the SEC website www.sec.gov.
| [
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749251-000093041317001425-c88055_ex99-2 | EX-99.2
5
c88055_ex99-2.htm
Exhibit 99.2
Press Release
FOR IMMEDIATE RELEASE
CONTACT:
Sherief Bakr
Investor Relations
+1 203 316 6516
Investor.Relations@gartner.com
Gartner Completes Acquisition of CEB
Creates the Leading Global Research
and Advisory Company for All Major Functions in the Enterprise
STAMFORD, Conn., April 6, 2017
-
Gartner, Inc. (NYSE: IT), the world's leading information technology research and advisory company, announced today that
it has completed its acquisition of CEB Inc. (NYSE: CEB), the industry leader in providing best practice and talent management
insights, for $54.00 in cash and 0.2284 shares of Gartner common stock, representing a total transaction value of approximately
$2.6 billion. Including Gartner's assumption of approximately $0.7 billion in CEB net debt, the transaction has a total enterprise
value of approximately $3.3 billion. The completion of the transaction follows the approval of the merger agreement by CEB stockholders
at a special meeting held on April 4, 2017, arrangement of financing, as well as the receipt of all required regulatory approvals.
The addition of CEB further enhances Gartner's ability
to deliver value to its clients and help them make the right decisions with confidence. Gartner's analyst-driven, syndicated
research and advisory services in Information Technology (IT), Marketing and Supply Chain, combined with CEB's best practice
and talent management insights across a range of business functions, including Human Resources (HR), Sales, Finance and Legal,
will provide a comprehensive and differentiated suite of advisory services aligned to the mission-critical priorities of virtually
all functional business leaders across every industry and size of enterprise worldwide.
"We are excited to complete this transaction,
which creates the leading global research and advisory company for all major functions in the enterprise", said Gene Hall,
chief executive officer of Gartner. "This highly complementary acquisition will further advance our strategy to drive long-term
growth. We look forward to welcoming our new colleagues from CEB as we work to realize the multiple benefits of this compelling
combination for our clients, shareholders and associates around the world".
With the completion of the transaction, CEB, Inc. stock will
cease trading and no longer be listed on the New York Stock Exchange.
First Quarter 2017 Financial Results Scheduled for May
4
th
2017
Gartner plans to report its financial results for the first
quarter 2017 on Thursday, May 4, 2017. In addition to discussing its first quarter 2017 performance, Gartner plans to provide an
updated outlook for its full year 2017 which will include the expected contribution from the acquired CEB business.
-more-
About Gartner
Gartner, Inc. (NYSE:
IT) is the world's leading information technology research and advisory company. Gartner delivers the technology-related insight
necessary for its clients to make the right decisions, every day. From CIOs and senior information technology (IT) leaders in corporations
and government agencies, to business leaders in high-tech and telecom enterprises and professional services firms, to supply chain
professionals, digital marketing professionals and technology investors, Gartner is the valuable partner to clients in more than
11,000 distinct enterprises. Gartner works with clients to research, analyze and interpret the business of IT within the context
of their individual roles. Gartner is headquartered in Stamford, Connecticut, U.S.A., and has almost 9,000 associates, including
1,900 research analysts and consultants, operating in more than 90 countries. For more information, visit
www.gartner.com.
Cautionary Note Regarding Forward-Looking Statements
This communication contains 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. Forward-looking
statements generally relate to future events or Gartner's future financial or operating performance. In some cases, you can
identify forward-looking statements because they contain words such as "may", "will", "expects,"
"plans", "works to", "estimates", or "continue" or the negative of these words
or other similar terms or expressions, and include the assumptions that underlie such statements. These forward-looking statements
concern Gartner's expectations, strategy, plans or intentions. Gartner's expectations and beliefs regarding these matters
may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results
to differ materially from those projected, including but not limited to:
·
the risk that the businesses will not be integrated successfully;
·
the risk that synergies will not be realized or realized to the extent
anticipated;
·
uncertainty as to the market value of the Gartner merger consideration
to be paid in the transaction;
·
the risk that, following this transaction, Gartner will not realize
its financing or operating strategies;
·
litigation in respect of either company or the transaction; and
·
disruption from the transaction making it more difficult to maintain
certain strategic relationships.
The forward-looking statements contained in this
communication are also subject to other risks and uncertainties, including those more fully described in our filings with the Securities
and Exchange Commission ("SEC"), including our Annual Report on Form 10-K for the year ended December 31, 2016, which
was filed with the SEC on February 22, 2017 and those discussed in "Risk Factors" in the Registration Statement on
Form S-4, which was filed with the SEC on February 6, 2017 and amended on March 6, 2017 and in the documents which are incorporated
by reference therein. The forward-looking statements in this communication are based on information available to Gartner as of
the date hereof, and Gartner disclaims any obligation to update any forward-looking statements, except as required by law.
# # #
Gartner, Inc.
page
2
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",",
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",",
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"First",
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"Financial",
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"Scheduled",
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",",
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"In",
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".",
"-",
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"-",
"About",
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"Gartner",
",",
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".",
"(",
"NYSE",
":",
"IT",
")",
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"world",
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"research",
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"From",
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"(",
"IT",
")",
"leaders",
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"-",
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",",
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"professionals",
",",
"digital",
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"S",
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"A",
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",",
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",",
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",",
"operating",
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"For",
"more",
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",",
"visit",
"www.gartner.com",
".",
"Cautionary",
"Note",
"Regarding",
"Forward",
"-",
"Looking",
"Statements",
"This",
"communication",
"contains",
"forward",
"-",
"looking",
"statements",
"within",
"the",
"meaning",
"of",
"Section",
"27A",
"of",
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"Securities",
"Act",
"of",
"1933",
"and",
"Section",
"21E",
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"Securities",
"Exchange",
"Act",
"of",
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"Forward",
"-",
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".",
"In",
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",",
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"-",
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"\"",
",",
"\"",
"will",
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"These",
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")",
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"-",
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"6",
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"-",
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".",
"#",
"#",
"#",
"Gartner",
",",
"Inc",
".",
"page",
"2"
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] |
1236275-000118518512001369-ex99-1 | EX-99.1
5
ex99-1.htm
ex99-1.htm
Exhibit 99.1
FOR MORE INFORMATION:
PLEASE CALL HANOVER+ELITE
Dodi Handy or Kathy Addison
Phone: 407-585-1080
Email:
SSNT@efcg.net
SILVERSUN TECHNOLOGIES COMPLETES ASSET PURCHASE
OF CHICAGO-BASED HIGHTOWER
Acquisition Wins SilverSun Approximately $3 Million in Additional Annual Revenue, Proprietary Business Management Software Solutions and a Strong Market Presence in the Midwestern U.S.
LIVINGSTON, NJ - (Marketwire) - June 18, 2012 -
SilverSun Technologies, Inc.
(OTCBB/OTCQB: SSNT), a preferred source for best-of-breed mid-market software applications and expert professional consulting services, today announced that the Company has completed the asset purchase of
HighTower, Inc.,
a leading Chicago-based reseller of Sage software applications and a publisher of proprietary business management software enhancements. With the closing of this transaction, Hightower's customers and business products and services will be integrated into the infrastructure of SWK Technologies, SilverSun's principal operating subsidiary. Since late March and in anticipation of this asset purchase, SWK has provided technical support and a variety of consulting services to all Hightower clients and to the many Sage business partners who support their ERP enhancements.
"We are very pleased to have completed the purchase of Hightower", said Mark Meller, CEO of SilverSun Technologies. "Among other strategic benefits, this brings SilverSun and SWK approximately $3 million in additional annual revenues (based upon 2011 results), approximately 870 additional Sage ERP customers, an impressive suite of proprietary enhancement software solutions (with approximately 700 users) and a much deeper market penetration in the Midwest. Moreover, we look forward to leveraging Hightower's established network of independent resellers to further expand distribution of SWK's proprietary software solutions, and vice versa. This acquisition marks an important milestone for SilverSun, and one that should have notable impact on our revenue and earnings growth in 2012 and well beyond".
Since 1987, Hightower has been a software industry leader that has supplied integrated technology systems and mid-market solutions for businesses across the country. In addition, it has been engaged in developing proprietary software, bringing to market a robust suite of enhancement products which effectively integrate with and complement Sage 100 ERP solutions. For the past seven years, Hightower has been ranked as a "Top 100 Value Added Reseller" by
Accounting Today
magazine; and for the last eight consecutive years, the publication has awarded the Company its Technology Pacesetter Award.
The cash-only acquisition of select Hightower assets was funded by SilverSun's existing financing facilities on a non-dilutive basis to existing shareholders. For additional details relating to the transaction, please refer to the 8-K filed by SilverSun with the U.S. Securities and Exchange Commission.
About SilverSun Technologies, Inc.
Headquartered in Livingston, New Jersey, SilverSun Technologies is involved in the acquisition and build-out of technology and software companies engaged in providing best of breed management applications and professional consulting services to small and medium size businesses (SMBs) in the manufacturing, distribution and service industries. Serving as SilverSun's principal operating subsidiary, SWK Technologies, Inc. is an award-winning company that employs a national direct sales and consulting team currently serving a growing customer base spanning 38 U.S. states and Canada. For more information, please visit
www.silversuntech.com, www.swktech.com
or
www.mapadoc.com.
Forward-Looking Statements
This press release may contain forward-looking statements, including information about management's view of SilverSun Technologies' future expectations, plans and prospects. In particular, when used in the preceding discussion, the words "believes", "expects", "intends", "plans", "anticipates", or "may", and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of SilverSun Technologies, its subsidiaries and concepts to be materially different than those expressed or implied in such statements. Unknown or unpredictable factors also could have material adverse effects on SilverSun Technologies' future results. The forward-looking statements included in this press release are made only as of the date hereof. SilverSun Technologies cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, SilverSun Technologies undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by SilverSun Technologies.
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1346405-000114420409004170-v137927_ex99-1 | EX-99.1
8
v137927_ex99-1.htm
JOINT PRESS RELEASE
PRESS
RELEASE
Piramal
Healthcare Limited Acquires
U.S.
Inhalation Anesthetic Gas Distribution Business of RxElite, Inc.
Mumbai, January 27, 2009:
Piramal Healthcare Limited ("Piramal") [NSE: Pirhealth, BSE: 500302], one of
India's largest pharmaceutical and healthcare companies, and RxElite, Inc.
[OTCBB: RXEI.OB] jointly announced today that Piramal has acquired the entire
issued outstanding capital stock of RxElite Holdings, Inc. ("RxElite"), the
wholly owned subsidiary and the inhalation anesthetic gas distribution arm of
RxElite, Inc. for cash consideration of approximately $4.2
million. In addition, RxElite retained approximately $3.2 million of
outstanding indebtedness. A significant portion of the net proceeds
from the sale will be used by RxElite to retire a portion of its long term
debt.
The
acquisition gives Piramal ownership of RxElite's sales and distribution network
in the U.S. and complements Piramal's pending acquisition of inhalation
anesthetic gas manufacturer Minrad International Inc. ("Minrad"), announced in
December 2008, which is awaiting the approval of stockholders of Minrad. RxElite
customers include hospitals and hospital group purchasing organizations,
national and regional wholesalers, outpatient surgery centers and ambulatory
care clinics.
Piramal's
acquisition of RxElite includes approximately 2,800 vaporizers required for
administration of the inhalation of anesthetic gas, of which 2,300 are installed
at various customer locations. Piramal will continue the employment of RxElite's
current sales and marketing specialists, as well as key administrative
personnel.
For
investor enquiries, please contact:
Sagar
Gokani/Prasad Mhatre
Investor
Relations Team, Piramal Healthcare Limited
Tel: +91
(0) 22 3046 6474/6489
investor.relations@piramal.com
For
media enquiries, please contact:
PIRAMAL
GROUP
PUBLIC
RELATIONS AGENCY
Ganesh
Somwanshi
Manager
- Corporate Communications
Piramal
Healthcare Limited
Contact:
+91-22-3046 6000
Mobile:
+91-9819334878
ganesh.somwanshi@piramal.com
Glen
/ Shuchi
Hanmer
MS&L
Contact:
+91-22-6633 5969
Mobile:
+91-9821414845 / +91-9987059571
glen@hanmerpr.com
shuchi@hanmerpr.com
Notes to
Editors:
About
the Piramal Group
Spanning
a broad spectrum of industries and formats, the Piramal Group is committed to
achieving excellence and leadership by adhering to ethically sound, innovative
and value-driven practices in its diverse, yet focused, business ventures and
initiatives. The Group's turnover exceeded US$ 900 million in
FY2008.
About
Piramal Healthcare
Piramal
Healthcare Limited ("PHL") is one of India's largest pharmaceutical companies
with a growth track record of 29% CAGR in Sales and Profits since 1988. PHL had
consolidated revenues of US$ 580 million in 2007-08. The Company is currently
ranked 4th in the Indian market with a diverse product portfolio spanning nine
therapeutic areas. The Company is also one of the largest custom manufacturing
companies with a global footprint of assets across North America, Europe and
Asia. PHL is listed in India on the National Stock Exchange (Ticker: PIRHEALTH)
and the Bombay Stock Exchange (Ticker: 500302). For further information, visit
www.piramalhealthcare.com
About
RxElite, Inc.
RxElite,
Inc. is a specialty pharmaceutical company that develops and markets generic
prescription drug products in specialty generic markets. RxElite, Inc. also
operates an Israeli subsidiary that manufactures and markets complex active
pharmaceutical ingredients and provides research and development services to
pharmaceutical companies throughout the world.
Forward-Looking
Statements
Statements
in this press release that are not statements of historical or current fact
constitute "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995, involving known and unknown risks,
delays, and uncertainties that may cause RxElite's actual results or performance
to differ materially from those expressed or implied by these forward-looking
statements. These risks, delays, and uncertainties include, but are not limited
to: risks associated with the uncertainty of future financial results, RxElite's
ability to successfully integrate the operations of Finetech, the limited
diversification of RxElite's product offerings, additional financing
requirements, development of new products, government approval processes, the
impact of competitive products or pricing and technological
changes. Additional risks and uncertainties are set forth from time
to time in RxElite's filings with the United States Securities and Exchange
Commission, including its Registration Statement on Form S-1 which was declared
effective on June 6, 2008, and its Annual and Quarterly Reports, which are
available on the Commission's website at www.sec.gov. All
forward-looking statements included in this release are made as of the date of
this press release, and RxElite assumes no obligation to update any such
forward-looking statements.
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",",
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"About",
"RxElite",
",",
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".",
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",",
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".",
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",",
"Inc",
".",
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"subsidiary",
"that",
"manufactures",
"and",
"markets",
"complex",
"active",
"pharmaceutical",
"ingredients",
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"provides",
"research",
"and",
"development",
"services",
"to",
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"companies",
"throughout",
"the",
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".",
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774657-000114420405018041-v019592_ex99-1 | EX-99.1
2
v019592_ex99-1.txt
MarketShare Announces Acquisition of bioMETRX Technologies, Inc.
Melville, N.Y., May 31, 2005 (PRNEWSWIRE) - MarketShare Recovery, Inc (OTC
BB:MKSH) of today announced it completed the acquisition of bioMETRX
Technologies, Inc. ("bioMETRX") of Jericho, New York,, a private company that is
developiong biometrics-based home security products.
The structure of the transaction is a merger of bioMetrx with a newly formed
wholly owned Delaware subsidiary of MarketShare which is expected to be
effective June 1, 2005. The merger transaction was approved by the written
consent of the holders of 99.7% of bioMETRX common stock, will require
MarketShare to issue approximately 14,400,000 shares of its common stock (to the
bioMetrx holders and the cancellation of approximately 2,208,000 outstanding
MarketShare shares.
As part of the acquisition, bioMETRX's CEO, Mark R. Basile, became CEO of
MarketShare and each of bioMETRX's Chief Technical Officer, Steven Kang, Chief
Operating Officer, Cliff Czvec, and Chief Financial Officer, Frank Giannuzzi
have assumed corresponding positions in MarketShare. New management plans to
change the corporate name of MarketShare to "bioMETRX, Inc." Pending such
change, MarketShare will continue to trade under the symbol "MKSH".
About bioMETRX Technologies, Inc.
Organized in 2001, bioMETRX Technologies, Inc. is developing a line of home
security products under the trade name smartTOUCH(TM) which includes
biometrically enabled thermostats, garage/gate openers, central station keypads
and residential door locks. Unique aspects of the smartTOUCH family of products
will provide simplified methods for homeowners to secure and access their homes.
The company has successfully tested its garage door opener over the past several
months in varying weather conditions and is now ramping up for manufacturing and
distribution.
Safe Harbor Statement: Forward-looking statements in this release with respect
to MarketShare's and bioMetrx' business, financial condition and results of
operations, as well as matters of timing and the prospective terms of the
transaction described are subject to risks and uncertainties that could cause
actual results to differ materially from those expressed in the forward-looking
statements, including, but not limited to, certain delays beyond MarketShare's
or bioMetrx' control with respect to market acceptance of their technology
and/or products, whether financing will be available, the effect of the
application of acquisition accounting policies as well as certain other risk
factors which are and may be detailed from time to time in MarketShare's filings
with the Securities and Exchange Commission.
CONTACT: MarketShare Recovery, Inc.
bioMETRX Technologies, Inc.
Mark R. Basile, CEO (516) 750-9733
Source: MarketShare Recovery; bioMETRX Technologies, Inc.
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829323-000082932317000006-inuvnetseeracqfinalpressre | EX-99.1
5
inuvnetseeracqfinalpressre.htm
EXHIBIT 99.1
Exhibit
500 President Clinton Ave. Suite 300, Little Rock, AR 72201
INUVO Acquires NetSeer - Strengthening its Suite of Ad-Technology with In-Image Advertising
LITTLE ROCK, AR--(Marketwired - February 7, 2017) - Inuvo, Inc. (NYSE MKT: INUV), an advertising technology and digital publishing company, today announced that it had purchased substantially all the assets of Silicon Valley based NetSeer, Inc., a provider of visual monetization solutions for advertisers and publishers. Under the terms of the Asset Purchase Agreement, Inuvo issued 3.53 million shares of INUV common stock and assumed specified liabilities related to the business. Inuvo's management will discuss the acquisition at its conference call scheduled for February 13th. See www.inuvo.com for details.
With the acquisition of NetSeer, INUV will be adding a host of direct and agency advertising demand partners, valuable consumer interest data, new direct publisher relationships for cross-selling and sophisticated programmatic ad-technology and analytics", said Mr. Richard Howe, Chairman and CEO of INUV. "NetSeer's Visual Monetization Platform with its In-Image ad technology will expand Inuvo's existing SearchLinks™ product suite thus increasing the value INUV can bring to publishers. We anticipate the acquisition will be a strong contributor to growth and be accretive to AEBITDA within 12-months".
NetSeer's patented ConceptGraph™ intent based ad targeting system delivers exceptional results for advertisers and publishers. ConceptGraph offers an accurate, nuanced picture of an audience's mindset - which results in algorithms that think more like humans, and less like machines resulting in a more precise and predictive targeting solution.
"We're delighted to be a part of Inuvo" said John Mracek, NetSeer CEO. "Leveraging Inuvo's innovative product line and broad customer reach, Netseer's dominant Visual Monetization business is now poised to grow even faster. The combined Inuvo/NetSeer product line of valuable and engaging ad units will allow publishers to improve both the experience and revenue generated from their websites".
"Inuvo's exceptional people and culture excites us even more to be INUV stockholders", said Terry Opdendyk, founder of ONSET Ventures and NetSeer's largest stockholder. "Combined with NetSeer's technology and innovation, Inuvo has a big opportunity to create substantial value for all Inuvo stakeholders".
About NetSeer, Inc. NetSeer provides market leading visual monetization solutions for advertisers and publishers backed by its patented ConceptGraph™ intent engine. The company is based in Sunnyvale, CA. For more information visit: www.netseer.com. NetSeer's financial advisor for the transaction was Headwaters MB.
About Inuvo, Inc. Inuvo®, Inc. (NYSE MKT: INUV) is an advertising technology and digital publishing business that serves hundreds of millions of income generating ads monthly across a network of websites and apps serving desktop, tablet and mobile devices. To learn more about Inuvo, please visit www.inuvo.com or download our app for Apple iPhone or for Android.
Forward-looking Statements This press release contains certain forward-looking statements that are based upon current expectations and involve certain risks and uncertainties within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Words or expressions such as "anticipate", "plan", "will", "intend", "believe" or "expect'" or 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 are subject to risks, uncertainties, and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements, including, without limitation, statements made with respect to expectations with respect to our lack of profitable operating history, changes in our business, potential need for additional capital, fluctuations in demand; changes to economic growth in the U.S. economy; and government policies and regulations, including, but not limited to those affecting the Internet, all as set forth in our Annual Report on Form 10-K for the year ended December 31, 2015 and our most recent Form 10-Q. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, many of which are generally outside the control of Inuvo and are difficult to predict. Inuvo undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.
Inuvo, Inc.
Wally Ruiz
Chief Financial Officer
501-205-8397 wallace.ruiz@inuvo.com
KCSA Strategic Communications
Valter Pinto, Investor Relations
212-896-1254 valter@kcsa.com
www.inuvo.com
| [
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1265131-000110465915000025-a14-26933_1ex99d1 | EX-99.1
2
a14-26933_1ex99d1.htm
EX-99.1
Exhibit 99.1
Hilltop Holdings Inc. Completes Acquisition of SWS Group, Inc.
DALLAS-Hilltop Holdings Inc. (NYSE: HTH) ("Hilltop"), the parent company of PlainsCapital Corporation ("PlainsCapital"), today announced that it has completed its acquisition of Dallas-based SWS Group, Inc. ("SWS"). PlainsCapital, through its operating subsidiaries PlainsCapital Bank and PrimeLending, provides banking and mortgage origination, respectively. SWS's banking subsidiary, Southwest Securities, FSB, has been merged into PlainsCapital Bank, which will now be the 5th
largest Texas-based bank by deposits(1).
SWS's broker-dealer subsidiaries, Southwest Securities, Inc. and SWS Financial Services, Inc., became subsidiaries of Hilltop Securities Holdings LLC, a holding company directly under Hilltop and the successor of SWS in the merger. In connection with the merger, First Southwest Company and its related entities also became subsidiaries of Hilltop Securities Holdings LLC. Subsequent to the closing of this transaction, First Southwest and Southwest Securities will continue to operate as separate broker-dealers, under combined leadership, until such time as the necessary regulatory approvals are obtained and systems integrations are complete.
Under the terms of the merger agreement, SWS stockholders will receive per share consideration of 0.2496 shares of Hilltop common stock and $1.94 of cash, equating to $6.92 per share based on Hilltop's closing price on December 31, 2014. The merger consideration, including Hilltop's existing investment in SWS, is approximately $350 million(2).
"We are excited to close our acquisition of SWS, as this is a significant milestone for Hilltop. The SWS employees, customers and shareholders have been anticipating the closing, so I now want to welcome them to Hilltop and our family of companies. We look forward to bringing together the best of both firms and are confident in our capable and proven management team to work through this integration." said Gerald J. Ford, Chairman of Hilltop.
Hilltop also is pleased to announce management of the broker-dealers who will lead integration of the companies and the eventual combined broker-dealer. Hill Feinberg will lead the combined broker-dealer as Chairman and CEO, responsible for management of the firm and reporting to Hilltop CEO Jeremy B. Ford. This will be a continuation of Mr. Feinberg's current role with First Southwest, as he has served as Chairman and CEO of First Southwest since 1991. Before joining First Southwest, Mr. Feinberg was a senior managing director at Bear Stearns & Co. and a vice president and manager of Salomon Brothers in the Dallas office. Jim Ross will serve as Vice Chairman and also will be charged with leading the Retail division. Robert Peterson, who has extensive broker-dealer experience in previous roles at Piper Jaffray Companies, has been brought in to be the President and COO, with significant responsibility for ensuring effective and efficient integration of the broker-dealers. John Muschalek will be the new Chief Administrative Officer, with direct oversight of Clearing, Stock Loan, IT and Operations. Mike Edge will serve as CFO, overseeing all finance and accounting as well as human resources. Allen Tubb has been selected to lead the legal efforts of the new firm as General Counsel.
Stephens Inc. acted as financial advisor to Hilltop, and Wachtell, Lipton, Rosen & Katz acted as legal advisor. Sandler O'Neill & Partners, L.P. acted as financial advisor to the Special Committee of the SWS Board of Directors, and Davis Polk & Wardwell LLP acted as legal advisor.
About Hilltop
Hilltop Holdings is a Dallas-based financial holding company. Through its wholly owned subsidiary, PlainsCapital Corporation, a regional commercial banking franchise, it has two operating subsidiaries: PlainsCapital Bank and PrimeLending. Under Hilltop Securities Holdings LLC, First Southwest and Southwest Securities provide a full complement of securities brokerage, institutional and investment banking services in addition to clearing services and retail financial advisory. Through Hilltop Holdings' other wholly owned subsidiary, National Lloyds Corporation, it provides property and casualty insurance through two insurance companies, National Lloyds Insurance Company and American Summit Insurance Company. At September 30, 2014 and prior to the SWS transaction, Hilltop employed approximately 4,400 people and operated approximately 400 locations in 45 states. Hilltop Holdings' common stock is listed on the New York Stock Exchange under the symbol "HTH." Find more information at Hilltop-Holdings.com, PlainsCapital.com, Firstsw.com and Swst.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause Hilltop's actual results, performance or achievements to be materially different from any expected future results, performance, or achievements. Forward-looking statements speak only as of the date they are made and, except as required by law, Hilltop does not assume any duty to update forward looking statements. Such forward-looking statements include, but are not limited to, statements about the business combination transaction involving Hilltop and SWS, including future financial and operating results, the combined company's plans, objectives, expectations and intentions and other statements that are not historical facts. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: (i) the risk that the benefits from the transaction may not be fully realized or may take longer to realize than expected, including as a result of changes in general economic and market conditions, interest and exchange rates, monetary policy, laws and regulations and their enforcement, and the degree of competition in the geographic and business areas in which Hilltop and subsidiaries operate; (ii) the ability to promptly and effectively integrate the businesses of Hilltop and SWS; (iii) the reaction of the companies' customers, employees and counterparties to the transaction; and (iv) diversion of management time on integration-related issues. For more information, see the risk factors described in the registration statement on Form S-4 filed by Hilltop and Hilltop's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission.
(1) Pro forma deposit ranking per SNL
(2) Based on Sep. 30, 2014 SWS shares
PlainsCapital Corporation
Investor Relations Contact:
Isabell Novakov, 214-252-4029
inovakov@plainscapital.com
or
Media Relations Contact:
Carol Towne, 214-252-4142
ctowne@plainscapital.com
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"PrimeLending",
",",
"provides",
"banking",
"and",
"mortgage",
"origination",
",",
"respectively",
".",
"SWS",
"'s",
"banking",
"subsidiary",
",",
"Southwest",
"Securities",
",",
"FSB",
",",
"has",
"been",
"merged",
"into",
"PlainsCapital",
"Bank",
",",
"which",
"will",
"now",
"be",
"the",
"5th",
"largest",
"Texas",
"-",
"based",
"bank",
"by",
"deposits",
"(",
"1",
")",
".",
"SWS",
"'s",
"broker",
"-",
"dealer",
"subsidiaries",
",",
"Southwest",
"Securities",
",",
"Inc",
".",
"and",
"SWS",
"Financial",
"Services",
",",
"Inc",
".",
",",
"became",
"subsidiaries",
"of",
"Hilltop",
"Securities",
"Holdings",
"LLC",
",",
"a",
"holding",
"company",
"directly",
"under",
"Hilltop",
"and",
"the",
"successor",
"of",
"SWS",
"in",
"the",
"merger",
".",
"In",
"connection",
"with",
"the",
"merger",
",",
"First",
"Southwest",
"Company",
"and",
"its",
"related",
"entities",
"also",
"became",
"subsidiaries",
"of",
"Hilltop",
"Securities",
"Holdings",
"LLC",
".",
"Subsequent",
"to",
"the",
"closing",
"of",
"this",
"transaction",
",",
"First",
"Southwest",
"and",
"Southwest",
"Securities",
"will",
"continue",
"to",
"operate",
"as",
"separate",
"broker",
"-",
"dealers",
",",
"under",
"combined",
"leadership",
",",
"until",
"such",
"time",
"as",
"the",
"necessary",
"regulatory",
"approvals",
"are",
"obtained",
"and",
"systems",
"integrations",
"are",
"complete",
".",
"Under",
"the",
"terms",
"of",
"the",
"merger",
"agreement",
",",
"SWS",
"stockholders",
"will",
"receive",
"per",
"share",
"consideration",
"of",
"0",
".",
"2496",
"shares",
"of",
"Hilltop",
"common",
"stock",
"and",
"$",
"1.94",
"of",
"cash",
",",
"equating",
"to",
"$",
"6.92",
"per",
"share",
"based",
"on",
"Hilltop",
"'s",
"closing",
"price",
"on",
"December",
"31",
",",
"2014",
".",
"The",
"merger",
"consideration",
",",
"including",
"Hilltop",
"'s",
"existing",
"investment",
"in",
"SWS",
",",
"is",
"approximately",
"$",
"350 million",
"(",
"2",
")",
".",
"\"",
"We",
"are",
"excited",
"to",
"close",
"our",
"acquisition",
"of",
"SWS",
",",
"as",
"this",
"is",
"a",
"significant",
"milestone",
"for",
"Hilltop",
".",
"The",
"SWS",
"employees",
",",
"customers",
"and",
"shareholders",
"have",
"been",
"anticipating",
"the",
"closing",
",",
"so",
"I",
"now",
"want",
"to",
"welcome",
"them",
"to",
"Hilltop",
"and",
"our",
"family",
"of",
"companies",
".",
"We",
"look",
"forward",
"to",
"bringing",
"together",
"the",
"best",
"of",
"both",
"firms",
"and",
"are",
"confident",
"in",
"our",
"capable",
"and",
"proven",
"management",
"team",
"to",
"work",
"through",
"this",
"integration",
".",
"\"",
"said",
"Gerald",
"J",
".",
"Ford",
",",
"Chairman",
"of",
"Hilltop",
".",
"Hilltop",
"also",
"is",
"pleased",
"to",
"announce",
"management",
"of",
"the",
"broker",
"-",
"dealers",
"who",
"will",
"lead",
"integration",
"of",
"the",
"companies",
"and",
"the",
"eventual",
"combined",
"broker",
"-",
"dealer",
".",
"Hill",
"Feinberg",
"will",
"lead",
"the",
"combined",
"broker",
"-",
"dealer",
"as",
"Chairman",
"and",
"CEO",
",",
"responsible",
"for",
"management",
"of",
"the",
"firm",
"and",
"reporting",
"to",
"Hilltop",
"CEO",
"Jeremy",
"B",
".",
"Ford",
".",
"This",
"will",
"be",
"a",
"continuation",
"of",
"Mr",
".",
"Feinberg",
"'s",
"current",
"role",
"with",
"First",
"Southwest",
",",
"as",
"he",
"has",
"served",
"as",
"Chairman",
"and",
"CEO",
"of",
"First",
"Southwest",
"since",
"1991",
".",
"Before",
"joining",
"First",
"Southwest",
",",
"Mr",
".",
"Feinberg",
"was",
"a",
"senior",
"managing",
"director",
"at",
"Bear",
"Stearns",
"&",
"Co",
".",
"and",
"a",
"vice",
"president",
"and",
"manager",
"of",
"Salomon",
"Brothers",
"in",
"the",
"Dallas",
"office",
".",
"Jim",
"Ross",
"will",
"serve",
"as",
"Vice",
"Chairman",
"and",
"also",
"will",
"be",
"charged",
"with",
"leading",
"the",
"Retail",
"division",
".",
"Robert",
"Peterson",
",",
"who",
"has",
"extensive",
"broker",
"-",
"dealer",
"experience",
"in",
"previous",
"roles",
"at",
"Piper",
"Jaffray",
"Companies",
",",
"has",
"been",
"brought",
"in",
"to",
"be",
"the",
"President",
"and",
"COO",
",",
"with",
"significant",
"responsibility",
"for",
"ensuring",
"effective",
"and",
"efficient",
"integration",
"of",
"the",
"broker",
"-",
"dealers",
".",
"John",
"Muschalek",
"will",
"be",
"the",
"new",
"Chief",
"Administrative",
"Officer",
",",
"with",
"direct",
"oversight",
"of",
"Clearing",
",",
"Stock",
"Loan",
",",
"IT",
"and",
"Operations",
".",
"Mike",
"Edge",
"will",
"serve",
"as",
"CFO",
",",
"overseeing",
"all",
"finance",
"and",
"accounting",
"as",
"well",
"as",
"human",
"resources",
".",
"Allen",
"Tubb",
"has",
"been",
"selected",
"to",
"lead",
"the",
"legal",
"efforts",
"of",
"the",
"new",
"firm",
"as",
"General",
"Counsel",
".",
"Stephens",
"Inc",
".",
"acted",
"as",
"financial",
"advisor",
"to",
"Hilltop",
",",
"and",
"Wachtell",
",",
"Lipton",
",",
"Rosen",
"&",
"Katz",
"acted",
"as",
"legal",
"advisor",
".",
"Sandler",
"O",
"'",
"Neill",
"&",
"Partners",
",",
"L",
".",
"P",
".",
"acted",
"as",
"financial",
"advisor",
"to",
"the",
"Special",
"Committee",
"of",
"the",
"SWS",
"Board",
"of",
"Directors",
",",
"and",
"Davis",
"Polk",
"&",
"Wardwell",
"LLP",
"acted",
"as",
"legal",
"advisor",
".",
"About",
"Hilltop",
"Hilltop",
"Holdings",
"is",
"a",
"Dallas",
"-",
"based",
"financial",
"holding",
"company",
".",
"Through",
"its",
"wholly",
"owned",
"subsidiary",
",",
"PlainsCapital",
"Corporation",
",",
"a",
"regional",
"commercial",
"banking",
"franchise",
",",
"it",
"has",
"two",
"operating",
"subsidiaries",
":",
"PlainsCapital",
"Bank",
"and",
"PrimeLending",
".",
"Under",
"Hilltop",
"Securities",
"Holdings",
"LLC",
",",
"First",
"Southwest",
"and",
"Southwest",
"Securities",
"provide",
"a",
"full",
"complement",
"of",
"securities",
"brokerage",
",",
"institutional",
"and",
"investment",
"banking",
"services",
"in",
"addition",
"to",
"clearing",
"services",
"and",
"retail",
"financial",
"advisory",
".",
"Through",
"Hilltop",
"Holdings",
"'",
"other",
"wholly",
"owned",
"subsidiary",
",",
"National",
"Lloyds",
"Corporation",
",",
"it",
"provides",
"property",
"and",
"casualty",
"insurance",
"through",
"two",
"insurance",
"companies",
",",
"National",
"Lloyds",
"Insurance",
"Company",
"and",
"American",
"Summit",
"Insurance",
"Company",
".",
"At",
"September",
"30",
",",
"2014",
"and",
"prior",
"to",
"the",
"SWS",
"transaction",
",",
"Hilltop",
"employed",
"approximately",
"4,400",
"people",
"and",
"operated",
"approximately",
"400",
"locations",
"in",
"45",
"states",
".",
"Hilltop",
"Holdings",
"'",
"common",
"stock",
"is",
"listed",
"on",
"the",
"New",
"York",
"Stock",
"Exchange",
"under",
"the",
"symbol",
"\"",
"HTH",
".",
"\"",
"Find",
"more",
"information",
"at",
"Hilltop-Holdings.com",
",",
"PlainsCapital.com",
",",
"Firstsw.com",
"and",
"Swst.com",
".",
"Cautionary",
"Statement",
"Regarding",
"Forward",
"-",
"Looking",
"Statements",
"This",
"press",
"release",
"may",
"contain",
"forward",
"-",
"looking",
"statements",
"within",
"the",
"meaning",
"of",
"the",
"Private",
"Securities",
"Litigation",
"Reform",
"Act",
"of",
"1995",
".",
"These",
"forward",
"-",
"looking",
"statements",
"involve",
"known",
"and",
"unknown",
"risks",
",",
"uncertainties",
"and",
"other",
"factors",
"which",
"may",
"cause",
"Hilltop",
"'s",
"actual",
"results",
",",
"performance",
"or",
"achievements",
"to",
"be",
"materially",
"different",
"from",
"any",
"expected",
"future",
"results",
",",
"performance",
",",
"or",
"achievements",
".",
"Forward",
"-",
"looking",
"statements",
"speak",
"only",
"as",
"of",
"the",
"date",
"they",
"are",
"made",
"and",
",",
"except",
"as",
"required",
"by",
"law",
",",
"Hilltop",
"does",
"not",
"assume",
"any",
"duty",
"to",
"update",
"forward",
"looking",
"statements",
".",
"Such",
"forward",
"-",
"looking",
"statements",
"include",
",",
"but",
"are",
"not",
"limited",
"to",
",",
"statements",
"about",
"the",
"business",
"combination",
"transaction",
"involving",
"Hilltop",
"and",
"SWS",
",",
"including",
"future",
"financial",
"and",
"operating",
"results",
",",
"the",
"combined",
"company",
"'s",
"plans",
",",
"objectives",
",",
"expectations",
"and",
"intentions",
"and",
"other",
"statements",
"that",
"are",
"not",
"historical",
"facts",
".",
"The",
"following",
"factors",
",",
"among",
"others",
",",
"could",
"cause",
"actual",
"results",
"to",
"differ",
"from",
"those",
"set",
"forth",
"in",
"the",
"forward",
"-",
"looking",
"statements",
":",
"(",
"i",
")",
"the",
"risk",
"that",
"the",
"benefits",
"from",
"the",
"transaction",
"may",
"not",
"be",
"fully",
"realized",
"or",
"may",
"take",
"longer",
"to",
"realize",
"than",
"expected",
",",
"including",
"as",
"a",
"result",
"of",
"changes",
"in",
"general",
"economic",
"and",
"market",
"conditions",
",",
"interest",
"and",
"exchange",
"rates",
",",
"monetary",
"policy",
",",
"laws",
"and",
"regulations",
"and",
"their",
"enforcement",
",",
"and",
"the",
"degree",
"of",
"competition",
"in",
"the",
"geographic",
"and",
"business",
"areas",
"in",
"which",
"Hilltop",
"and",
"subsidiaries",
"operate",
";",
"(",
"ii",
")",
"the",
"ability",
"to",
"promptly",
"and",
"effectively",
"integrate",
"the",
"businesses",
"of",
"Hilltop",
"and",
"SWS",
";",
"(",
"iii",
")",
"the",
"reaction",
"of",
"the",
"companies",
"'",
"customers",
",",
"employees",
"and",
"counterparties",
"to",
"the",
"transaction",
";",
"and",
"(",
"iv",
")",
"diversion",
"of",
"management",
"time",
"on",
"integration",
"-",
"related",
"issues",
".",
"For",
"more",
"information",
",",
"see",
"the",
"risk",
"factors",
"described",
"in",
"the",
"registration",
"statement",
"on",
"Form",
"S",
"-",
"4",
"filed",
"by",
"Hilltop",
"and",
"Hilltop",
"'s",
"Annual",
"Report",
"on",
"Form",
"10",
"-",
"K",
",",
"Quarterly",
"Reports",
"on",
"Form",
"10",
"-",
"Q",
"and",
"other",
"filings",
"with",
"the",
"Securities",
"and",
"Exchange",
"Commission",
".",
"(",
"1",
")",
"Pro",
"forma",
"deposit",
"ranking",
"per",
"SNL",
"(",
"2",
")",
"Based",
"on",
"Sep.",
"30",
",",
"2014",
"SWS",
"shares",
"PlainsCapital",
"Corporation",
"Investor",
"Relations",
"Contact",
":",
"Isabell",
"Novakov",
",",
"214",
"-",
"252",
"-",
"4029",
"inovakov@plainscapital.com",
"or",
"Media",
"Relations",
"Contact",
":",
"Carol",
"Towne",
",",
"214",
"-",
"252",
"-",
"4142",
"ctowne@plainscapital.com"
] | [
"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",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"I-Parties.ACQUIRED_COMPANY",
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"O",
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"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",
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"O",
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"O",
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"O",
"O",
"O",
"O",
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"B-Parties.ACQUIRED_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",
"O",
"O",
"O",
"O",
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1596961-000121390021046757-ea146879ex99-2_rumbleoninc | EX-99.2
13
ea146879ex99-2_rumbleoninc.htm
PRESS RELEASE, DATED AUGUST 31, 2021
Exhibit 99.2
RumbleOn Announces the Closing of
its Business Combination with RideNow, Creating the First Omnichannel Customer Experience in Powersports
Company Announces the Closing of its Upsized
Public Offering and Full Exercise of the Underwriters' Option to
Purchase Additional Shares
Management to Host a Conference Call at 8:00
a.m. ET on Wednesday, September 1
DALLAS--(BUSINESS WIRE)-- RumbleOn, Inc. (NASDAQ: RMBL), the nation's
largest retailer of powersports vehicles and first omnichannel customer experience in powersports, today announced the closing of its
previously announced business combination with RideNow, acquiring 100% of the RideNow dealership portfolio, bringing an unparalleled solution
to powersports enthusiasts. The Company will host a conference call tomorrow, September 1, 2021 at 8:00 a.m. ET, to discuss the combined
business.
The Company also announced that
immediately prior to closing the RideNow transaction, it closed its upsized public offering of approximately 5.1 million shares of Class
B Common Stock at a price to the public of $33.00 per share, which includes the full exercise of the underwriters' option to purchase
an additional 659,090 shares from RumbleOn. The Company raised approximately $167.0 million in gross proceeds for the business combination
and working capital. The business combination is also being funded through a $280.0 million term loan from funds managed by Oaktree Capital
Management L.P. (and certain other lenders) and the issuance to RideNow equity holders of approximately 5.8 million RumbleOn Class B shares.
In addition, the lenders have committed to a $120.0 million delayed draw term loan facility which the Company may use in the future to
fund acquisitions, subject to certain conditions.
Following the close of the transaction, total shares outstanding are
approximately 15.0 million.
"We are very excited to announce that we closed our business
combination with RideNow, becoming the first omnichannel customer experience in powersports", said Marshall Chesrown, RumbleOn's
Chief Executive Officer. "Consumers are seeking new and exciting experiences and there is no better place than powersports. Powersports
are wants, not needs, and it's that lifestyle, that passion for the sport that creates the opportunity for an Omnichannel solution.
We are confident that the integration of RideNow's extensive geographic footprint, strong retail brand combined with RumbleOn's technology
platform, and access to pre-owned inventory will make powersport vehicles more accessible to the enthusiast and the first time buyers,
nationwide".
Mark Tkach, co-principal owner and co-founder of RideNow, commented,
"Today marks a significant evolution in the powersports industry. Combining with RumbleOn enables us to offer an unparalleled customer
experience for outdoor enthusiasts across the country. We look forward to the opportunity to work alongside Marshall and the entire RumbleOn
team to revolutionize the $100+ billion market. We are entering the next phase of growth and are ready to hit the ground running".
B. Riley Securities, a subsidiary of B. Riley Financial Inc., acted
as exclusive financial advisor to RumbleOn and sole debt placement agent in conjunction with the transaction. B. Riley Securities and
Baird acted as joint book-runners for the offering. D.A. Davidson & Co. and Wedbush Securities acted as co-managers for the offering.
Akerman LLP served as legal counsel to RumbleOn and Nelson Mullins Riley & Scarborough LLP served as legal counsel to the underwriters.
A shelf registration statement relating to the shares of Class B Common
Stock offered was filed with the U.S. Securities and Exchange Commission (the "SEC") on Form S-3 (File No. 333-257198) and was
declared effective by the SEC on June 28, 2021. Offers were made only by means of a prospectus supplement and accompanying base prospectus
forming a part of the effective registration statement. Copies of the prospectus supplement and accompanying prospectus relating to the
offering may also be obtained from B. Riley Securities, Inc., Attention: Prospectus Department, 1300 North 17th Street, Suite 1300, Arlington,
Virginia 22209, or by telephone at 703-312-9580 or by email at
prospectuses@brileyfin.com
, Robert W. Baird & Co. Incorporated,
Attention: Syndicate Department, 777 East Wisconsin Avenue, Milwaukee, WI 53202, by telephone at 800-792-2473, or by email at syndicate@rwbaird.com
or on the SEC's website at http://www.sec.gov.
This press release shall not constitute an offer to sell or a solicitation
of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation
or sale is not permitted.
Conference Call Details
Senior management from RumbleOn will host a conference call tomorrow,
Wednesday, September 1, at 8:00 a.m. ET. A live and archived webcast can be accessed from RumbleOn's Investor Relations website at https://investors.rumbleon.com/.
To access the conference call telephonically, callers may dial (877) 407-9716, or (201) 493-6779 for callers outside of the United States
and entering conference ID 13722804.
About RumbleOn
RumbleOn (NASDAQ: RMBL) is the nation's largest retailer of powersports
vehicles and first omnichannel customer experience in powersports. Whether buying, selling, trading or financing a new or used vehicle,
RumbleOn enables dealers and consumers to transact without geographic boundaries in a transparent, fast and friction free experience.
The Company uses innovative technology to aggregate and distribute pre-owned vehicles and is disrupting the pre-owned vehicle supply chain
by providing dealers with technology solutions such as virtual inventory, and a 24/7 distribution platform. RumbleOn offers customers
a truly unique experience, wherever they want to shop, online or in-store. For more information, please visit http://www.rumbleon.com.
Cautionary Note on Forward-Looking Statements
This press release contains "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the business combination of RumbleOn
and RideNow (the "Transaction"), including the benefits of the Transaction. Readers are cautioned not to place undue reliance
on these forward-looking statements, which are based on our expectations as of the date of this press release and speak only as of the
date of this press release and are advised to consider the factors listed above together with the additional factors under the heading
"Forward-Looking and Cautionary Statements" and "Risk Factors" in the Company's Annual Report on Form 10-K
for the year ended December 31, 2020, as may be supplemented or amended by the Company's Quarterly Reports on Form 10-Q and other
filings with the SEC, including the prospectus supplement. We undertake no obligation to publicly update or revise any forward-looking
statement, whether as a result of new information, future events or otherwise, except as required by law.
Contacts
Investor Relations:
The Blueshirt Group
Hilary Sumnicht
investors@rumbleon.com
Source: RumbleOn, Inc
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"Class",
"B",
"shares",
".",
"In",
"addition",
",",
"the",
"lenders",
"have",
"committed",
"to",
"a",
"$",
"120.0 million",
"delayed",
"draw",
"term",
"loan",
"facility",
"which",
"the",
"Company",
"may",
"use",
"in",
"the",
"future",
"to",
"fund",
"acquisitions",
",",
"subject",
"to",
"certain",
"conditions",
".",
"Following",
"the",
"close",
"of",
"the",
"transaction",
",",
"total",
"shares",
"outstanding",
"are",
"approximately",
"15",
".",
"0",
"million",
".",
"\"",
"We",
"are",
"very",
"excited",
"to",
"announce",
"that",
"we",
"closed",
"our",
"business",
"combination",
"with",
"RideNow",
",",
"becoming",
"the",
"first",
"omni",
"channel",
"customer",
"experience",
"in",
"powersports",
"\"",
",",
"said",
"Marshall",
"Chesrown",
",",
"RumbleOn",
"'s",
"Chief",
"Executive",
"Officer",
".",
"\"",
"Consumers",
"are",
"seeking",
"new",
"and",
"exciting",
"experiences",
"and",
"there",
"is",
"no",
"better",
"place",
"than",
"powersports",
".",
"Powersports",
"are",
"wants",
",",
"not",
"needs",
",",
"and",
"it",
"'",
"s",
"that",
"lifestyle",
",",
"that",
"passion",
"for",
"the",
"sport",
"that",
"creates",
"the",
"opportunity",
"for",
"an",
"Omnichannel",
"solution",
".",
"We",
"are",
"confident",
"that",
"the",
"integration",
"of",
"RideNow",
"'s",
"extensive",
"geographic",
"footprint",
",",
"strong",
"retail",
"brand",
"combined",
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"'s",
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"platform",
",",
"and",
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"-",
"owned",
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"powersport",
"vehicles",
"more",
"accessible",
"to",
"the",
"enthusiast",
"and",
"the",
"first",
"time",
"buyers",
",",
"nationwide",
"\"",
".",
"Mark",
"Tkach",
",",
"co",
"-",
"principal",
"owner",
"and",
"co",
"-",
"founder",
"of",
"RideNow",
",",
"commented",
",",
"\"",
"Today",
"marks",
"a",
"significant",
"evolution",
"in",
"the",
"powersports",
"industry",
".",
"Combining",
"with",
"RumbleOn",
"enables",
"us",
"to",
"offer",
"an",
"unparalleled",
"customer",
"experience",
"for",
"outdoor",
"enthusiasts",
"across",
"the",
"country",
".",
"We",
"look",
"forward",
"to",
"the",
"opportunity",
"to",
"work",
"alongside",
"Marshall",
"and",
"the",
"entire",
"RumbleOn",
"team",
"to",
"revolutionize",
"the",
"$",
"100",
"+",
"billion",
"market",
".",
"We",
"are",
"entering",
"the",
"next",
"phase",
"of",
"growth",
"and",
"are",
"ready",
"to",
"hit",
"the",
"ground",
"running",
"\"",
".",
"B",
".",
"Riley",
"Securities",
",",
"a",
"subsidiary",
"of",
"B",
".",
"Riley",
"Financial",
"Inc",
".",
",",
"acted",
"as",
"exclusive",
"financial",
"advisor",
"to",
"RumbleOn",
"and",
"sole",
"debt",
"placement",
"agent",
"in",
"conjunction",
"with",
"the",
"transaction",
".",
"B",
".",
"Riley",
"Securities",
"and",
"Baird",
"acted",
"as",
"joint",
"book",
"-",
"runners",
"for",
"the",
"offering",
".",
"D",
".",
"A",
".",
"Davidson",
"&",
"Co",
".",
"and",
"Wedbush",
"Securities",
"acted",
"as",
"co",
"-",
"managers",
"for",
"the",
"offering",
".",
"Akerman",
"LLP",
"served",
"as",
"legal",
"counsel",
"to",
"RumbleOn",
"and",
"Nelson",
"Mullins",
"Riley",
"&",
"Scarborough",
"LLP",
"served",
"as",
"legal",
"counsel",
"to",
"the",
"underwriters",
".",
"A",
"shelf",
"registration",
"statement",
"relating",
"to",
"the",
"shares",
"of",
"Class",
"B",
"Common",
"Stock",
"offered",
"was",
"filed",
"with",
"the",
"U",
".",
"S",
".",
"Securities",
"and",
"Exchange",
"Commission",
"(",
"the",
"\"",
"SEC",
"\"",
")",
"on",
"Form",
"S",
"-",
"3",
"(",
"File",
"No",
".",
"333",
"-",
"257198",
")",
"and",
"was",
"declared",
"effective",
"by",
"the",
"SEC",
"on",
"June",
"28",
",",
"2021",
".",
"Offers",
"were",
"made",
"only",
"by",
"means",
"of",
"a",
"prospectus",
"supplement",
"and",
"accompanying",
"base",
"prospectus",
"forming",
"a",
"part",
"of",
"the",
"effective",
"registration",
"statement",
".",
"Copies",
"of",
"the",
"prospectus",
"supplement",
"and",
"accompanying",
"prospectus",
"relating",
"to",
"the",
"offering",
"may",
"also",
"be",
"obtained",
"from",
"B",
".",
"Riley",
"Securities",
",",
"Inc",
".",
",",
"Attention",
":",
"Prospectus",
"Department",
",",
"1300",
"North",
"17th",
"Street",
",",
"Suite",
"1300",
",",
"Arlington",
",",
"Virginia",
"22209",
",",
"or",
"by",
"telephone",
"at",
"703",
"-",
"312",
"-",
"9580",
"or",
"by",
"email",
"at",
"prospectuses@brileyfin.com",
",",
"Robert",
"W",
".",
"Baird",
"&",
"Co",
".",
"Incorporated",
",",
"Attention",
":",
"Syndicate",
"Department",
",",
"777",
"East Wisconsin",
"Avenue",
",",
"Milwaukee",
",",
"WI",
"53202",
",",
"by",
"telephone",
"at",
"800",
"-",
"792",
"-",
"2473",
",",
"or",
"by",
"email",
"at",
"syndicate@rwbaird.com",
"or",
"on",
"the",
"SEC",
"'s",
"website",
"at",
"http://www.sec.gov",
".",
"This",
"press",
"release",
"shall",
"not",
"constitute",
"an",
"offer",
"to",
"sell",
"or",
"a",
"solicitation",
"of",
"an",
"offer",
"to",
"buy",
",",
"nor",
"shall",
"there",
"be",
"any",
"sale",
"of",
"these",
"securities",
"in",
"any",
"state",
"or",
"jurisdiction",
"in",
"which",
"such",
"an",
"offer",
",",
"solicitation",
"or",
"sale",
"is",
"not",
"permitted",
".",
"Conference",
"Call",
"Details",
"Senior",
"management",
"from",
"RumbleOn",
"will",
"host",
"a",
"conference",
"call",
"tomorrow",
",",
"Wednesday",
",",
"September",
"1",
",",
"at",
"8",
":",
"00",
"a.m.",
"ET",
".",
"A",
"live",
"and",
"archived",
"webcast",
"can",
"be",
"accessed",
"from",
"RumbleOn",
"'s",
"Investor",
"Relations",
"website",
"at",
"https://investors.rumbleon.com/",
".",
"To",
"access",
"the",
"conference",
"call",
"telephonically",
",",
"callers",
"may",
"dial",
"(",
"877",
")",
"407",
"-",
"9716",
",",
"or",
"(",
"201",
")",
"493",
"-",
"6779",
"for",
"callers",
"outside",
"of",
"the",
"United",
"States",
"and",
"entering",
"conference",
"ID",
"13722804",
".",
"About",
"RumbleOn",
"RumbleOn",
"(",
"NASDAQ",
":",
"RMBL",
")",
"is",
"the",
"nation",
"'s",
"largest",
"retailer",
"of",
"powersports",
"vehicles",
"and",
"first",
"omni",
"channel",
"customer",
"experience",
"in",
"powersports",
".",
"Whether",
"buying",
",",
"selling",
",",
"trading",
"or",
"financing",
"a",
"new",
"or",
"used",
"vehicle",
",",
"RumbleOn",
"enables",
"dealers",
"and",
"consumers",
"to",
"transact",
"without",
"geographic",
"boundaries",
"in",
"a",
"transparent",
",",
"fast",
"and",
"friction",
"free",
"experience",
".",
"The",
"Company",
"uses",
"innovative",
"technology",
"to",
"aggregate",
"and",
"distribute",
"pre",
"-",
"owned",
"vehicles",
"and",
"is",
"disrupting",
"the",
"pre",
"-",
"owned",
"vehicle",
"supply",
"chain",
"by",
"providing",
"dealers",
"with",
"technology",
"solutions",
"such",
"as",
"virtual",
"inventory",
",",
"and",
"a",
"24",
"/",
"7",
"distribution",
"platform",
".",
"RumbleOn",
"offers",
"customers",
"a",
"truly",
"unique",
"experience",
",",
"wherever",
"they",
"want",
"to",
"shop",
",",
"online",
"or",
"in",
"-",
"store",
".",
"For",
"more",
"information",
",",
"please",
"visit",
"http://www.rumbleon.com",
".",
"Cautionary",
"Note",
"on",
"Forward",
"-",
"Looking",
"Statements",
"This",
"press",
"release",
"contains",
"\"",
"forward",
"-",
"looking",
"statements",
"\"",
"within",
"the",
"meaning",
"of",
"the",
"Private",
"Securities",
"Litigation",
"Reform",
"Act",
"of",
"1995",
"regarding",
"the",
"business",
"combination",
"of",
"RumbleOn",
"and",
"RideNow",
"(",
"the",
"\"",
"Transaction",
"\"",
")",
",",
"including",
"the",
"benefits",
"of",
"the",
"Transaction",
".",
"Readers",
"are",
"cautioned",
"not",
"to",
"place",
"undue",
"reliance",
"on",
"these",
"forward",
"-",
"looking",
"statements",
",",
"which",
"are",
"based",
"on",
"our",
"expectations",
"as",
"of",
"the",
"date",
"of",
"this",
"press",
"release",
"and",
"speak",
"only",
"as",
"of",
"the",
"date",
"of",
"this",
"press",
"release",
"and",
"are",
"advised",
"to",
"consider",
"the",
"factors",
"listed",
"above",
"together",
"with",
"the",
"additional",
"factors",
"under",
"the",
"heading",
"\"",
"Forward",
"-",
"Looking",
"and",
"Cautionary",
"Statements",
"\"",
"and",
"\"",
"Risk",
"Factors",
"\"",
"in",
"the",
"Company",
"'s",
"Annual",
"Report",
"on",
"Form",
"10",
"-",
"K",
"for",
"the",
"year",
"ended",
"December",
"31",
",",
"2020",
",",
"as",
"may",
"be",
"supplemented",
"or",
"amended",
"by",
"the",
"Company",
"'s",
"Quarterly",
"Reports",
"on",
"Form",
"10",
"-",
"Q",
"and",
"other",
"filings",
"with",
"the",
"SEC",
",",
"including",
"the",
"prospectus",
"supplement",
".",
"We",
"undertake",
"no",
"obligation",
"to",
"publicly",
"update",
"or",
"revise",
"any",
"forward",
"-",
"looking",
"statement",
",",
"whether",
"as",
"a",
"result",
"of",
"new",
"information",
",",
"future",
"events",
"or",
"otherwise",
",",
"except",
"as",
"required",
"by",
"law",
".",
"Contacts",
"Investor",
"Relations",
":",
"The",
"Blueshirt",
"Group",
"Hilary",
"Sumnicht",
"investors@rumbleon.com",
"Source",
":",
"RumbleOn",
",",
"Inc"
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"O",
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1102112-000110465913046843-a13-14392_1ex99d1 | EX-99.1
2
a13-14392_1ex99d1.htm
EX-99.1
Exhibit 99.1
PRESS RELEASE
PacWest Bancorp
(NASDAQ: PACW)
Contact:
Matthew P. Wagner
Chief Executive Officer
PacWest Bancorp
10250 Constellation Boulevard
Suite 1640
Los Angeles, CA 90067
Victor R. Santoro
Executive Vice President & CFO PacWest Bancorp
10250 Constellation Boulevard
Suite 1640
Los Angeles, CA 90067
Phone:
310-728-1020
310-728-1021
Fax:
310-201-0498
310-201-0498
FOR IMMEDIATE RELEASE
MAY 31, 2013
PACWEST BANCORP ANNOUNCES THE COMPLETION OF ITS ACQUISITION OF
FIRST CALIFORNIA FINANCIAL GROUP
-
Acquisition adds 6 branches after consolidation and approximately $1.7 billion in assets -
- Two First California Financial Group Directors Join the PacWest Board of Directors -
- First California Bank merged into Pacific Western Bank -
- Integration and systems conversion scheduled for June 14, 2013 -
Los Angeles, California...PacWest Bancorp (NASDAQ: PACW) ("PacWest") announced that today it completed its previously announced acquisition of First California Financial Group, Inc. (NASDAQ: FCAL) ("First California"). As part of the acquisition, First California Bank, a wholly-owned subsidiary of First California, merged with and into PacWest's wholly-owned banking subsidiary, Pacific Western Bank ("PWB").
The acquisition, which was first announced on November 6, 2012, was concluded following receipt of shareholder approval from both institutions and all required regulatory approvals. First California had $1.7 billion in assets as of March 31, 2013. As of March 31, 2013, on a pro forma consolidated basis with First California, PacWest would have had approximately $7.0 billion in assets.
In the merger with First California, each share of First California common stock was converted into the right to receive 0.2966 of a share of PacWest common stock. The exchange ratio was calculated based on the volume-weighted average share price of PacWest common stock for the 20 consecutive trading days ending on the second full trading day prior to the receipt of the last of the regulatory approvals required under the merger agreement. PacWest is issuing an aggregate of approximately 8.3 million shares of PacWest common stock to First California stockholders (which include PacWest common shares issuable in exchange for First California's Series A Preferred Stock). Approximately $231,000 in cash is being delivered to holders of outstanding and unexercised First California options. In addition, approximately one million shares of First California common stock currently owned by PacWest have been cancelled in the merger. Based on the closing price of PacWest's common stock on May 31, 2013 of $28.83 per share, the aggregate consideration to be paid to First California common stockholders and holders of options to acquire First California common stock, plus the cost of the First California shares of common stock cancelled in the merger, is approximately $243 million.
Effective May 31, 2013, Mr. Joseph Cohen and Antoinette Hubenette, M.D., former directors of First California, have joined PacWest Bancorp's board of directors.
The integration of First California Bank systems and the conversion of First California Bank's branches to PWB's operating platform are scheduled to be completed over the weekend of June 14, 2013. First California Bank has 15 branches, nine of which overlap with existing Pacific Western Bank branches. Seven of the First California Bank branches will be closed as part of the integration and system conversion on June 14, 2013 and two PWB branches will subsequently be closed in the consolidation on June 21, 2013.The resulting net effect of this branch conversion and closure activity is that PWB will add six branches to its branch system.
ABOUT PACWEST BANCORP
PacWest is a bank holding company with $5.3 billion in assets as of March 31, 2013, with one wholly-owned banking subsidiary, PWB. Through 68 full-service branches, excluding the 15 recently acquired branches of First California Bank which will be integrated on June 14, 2013, PWB provides commercial banking services, including real estate, construction, and commercial loans, to small and medium-sized businesses. PWB's branches are located throughout California in Los Angeles, Orange, Riverside, San Bernardino, Santa Barbara, San Diego, San Francisco, San Luis Obispo, San Mateo, and Ventura Counties. Through its subsidiaries, BFI Business Finance and Celtic Capital Corporation, and its divisions, First Community Financial and Pacific Western Equipment Finance, PWB also provides working capital financing and equipment leasing to growing companies located throughout the United States, with a focus on the Southwest, primarily in Arizona, California, Utah, and Texas. Additional information regarding PacWest is available on the Internet at www.pacwestbancorp.com. Information regarding PWB is also available on the Internet at www.pacificwesternbank.com.
Contact information:
Matt Wagner, Chief Executive Officer, (310) 728-1020
Vic Santoro, Executive Vice President and CFO, (310) 728-1021
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1680873-000168087322000002-exhibit991pressreleasejanu | EX-99.1
4
exhibit991pressreleasejanu.htm
EX-99.1
Document
HF Foods Acquires Leading Seafood Supplier Great Wall Group
Las Vegas, NV - January 4, 2022 - HF Foods Group Inc. (NASDAQ: HFFG), a leading food distributor to Asian restaurants across the United States ("HF Foods", "HF Group" or the "Company"), announced today it has completed the acquisition of the business operations of Great Wall Seafood Supply Inc., Great Wall Restaurant Supplier Inc. and First Mart Inc. (collectively the "Great Wall Group").
The Great Wall Group is one of the largest frozen seafood suppliers servicing the Asian/Chinese restaurant market in the nation and generates combined annual revenue of approximately $170 million pre-pandemic and about $200 million assuming revenue remains steady with its most recent quarter. Specifically, the Great Wall Group has had a dominant presence in the Midwest, Southwest, and Southern regions since its inception in 1996. The Great Wall Group works with vendors globally, from regions such as China, Canada, South America, and New Zealand, with thousands of cargo containers transported annually.
The transaction, structured as an asset purchase, was completed on December 30, 2021, for mixed consideration of cash and stock.
"I am excited with the successful purchase of the Great Wall Group operations", said HF Group Chairman Russell T. Libby. "Their leadership position in the frozen seafood industry and extensive distribution network, particularly in states where HF Foods does not have a presence, complements the strengths of our existing network and supports our strategic goals of growth by acquisition and providing superior product choices to our customers".
Peter Zhang, CEO of HF Foods, added: "The acquisition doubles our distribution network to over 40 states covering approximately 80% of the United Sates (excluding Alaska and Hawaii) and propels us to over a billion dollars in projected 2022 revenue. The combined entity now serves over 12,500 restaurant customers or about 30% of the nation's Asian/Chinese restaurant establishments. We will continue to solidify our market leadership position to deliver long-term shareholder value through organic growth and acquisitions such as this".
Mr. Zhang continued, "On behalf of the Company, I sincerely welcome Mr. Bo Wong and the rest of the Great Wall Group employees to our HF Group family".
Bo Wong, Founder and President of the Great Wall Group, said: "We are excited to be part of HF Foods Group. With HF's nationwide distribution network and market leadership position in the food service industry, the Asian/Chinese hospitality sector will certainly appreciate the newfound strength and expertise of HF Group to better support their needs. I am thankful for the warm welcome and I believe our employees will find this to be a fulfilling new home".
About HF Foods Group Inc.
HF Foods Group Inc., headquartered in Las Vegas, Nevada, is a leading marketer and distributor of fresh produce, frozen and dry food, and non-food products to primarily Asian/Chinese restaurants and other foodservice customers throughout the United States. With 16 distribution centers strategically located throughout the nation, HF Foods aims to supply the increasing demand for Asian American restaurant cuisine. With an in-house proprietary ordering and inventory control network, more than 12,500 established customers in over 40 states, and strong relations with growers and suppliers of food products in the US, South America and China, HF Foods Group is able to offer fresh, high-quality specialty restaurant foods and supplies at economical prices to its large and growing base of customers. For more information, please visit www.hffoodsgroup.com
Forward-Looking Statements
All statements in this news release other than statements of historical facts are forward-looking statements which contain our current expectations about our future results. We have attempted to identify any forward-looking statements by using words such as "anticipates", "believes", "could", "expects", "intends", "may", "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Such statements are not guarantees of future performance or events and are subject to known and unknown risks and uncertainties that could cause the Company's actual results, events or financial positions to differ materially from those included within or implied by such forward-looking statements. Such factors include, but are not limited to, unfavorable macroeconomic conditions in the United States, competition in the food service distribution industry, particularly the entry of new competitors into the Chinese/Asian restaurant market niche, increases in fuel costs or commodity prices, disruption of relationships with vendors and increases in product prices, U.S. government tariffs on products imported into the United States, particularly from China, changes in consumer eating and dining out habits, disruption of relationships with or loss of customers, our ability to execute our acquisition strategy, availability of financing to execute our acquisition strategy, failure to retain our senior management and other key personnel, our ability to attract, train and retain employees, changes in and enforcement of immigration laws, failure to comply with various federal, state and local rules and regulations regarding food safety, sanitation, transportation, minimum wage, overtime and other health and safety laws, product recalls, voluntary recalls or withdrawals if any of the products we distribute are alleged to have caused illness, been mislabeled, misbranded or adulterated or to otherwise have violated applicable government regulations, failure to protect our intellectual property rights, any cyber security incident, other technology disruption, or delay in implementing our information technology systems, statements of assumption underlying any of the foregoing, and other factors disclosed under the caption "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2020 and other filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as required by law, we undertake no obligation to disclose any revision to these forward-looking statements.
Investor Relations Contact:
Gateway Investor Relations
Cody Slach
Tel 1-949-574-3860
HFFG@gatewayir.com
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"/",
"Chinese",
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"and",
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"annual",
"revenue",
"of",
"approximately",
"$",
"170 million",
"pre",
"-",
"pandemic",
"and",
"about",
"$",
"200 million",
"assuming",
"revenue",
"remains",
"steady",
"with",
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".",
"Specifically",
",",
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",",
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",",
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".",
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"Wall",
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"works",
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"vendors",
"globally",
",",
"from",
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"China",
",",
"Canada",
",",
"South",
"America",
",",
"and",
"New",
"Zealand",
",",
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"containers",
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"The",
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",",
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"\"",
",",
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"HF",
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"Chairman",
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"T",
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"Libby",
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"Their",
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"complements",
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"existing",
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"Peter",
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"dollars",
"in",
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"2022",
"revenue",
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"The",
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"s",
"Asian",
"/",
"Chinese",
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"We",
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"market",
"leadership",
"position",
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"-",
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"shareholder",
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"such",
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"\"",
".",
"Mr",
".",
"Zhang",
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",",
"\"",
"On",
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"Company",
",",
"I",
"sincerely",
"welcome",
"Mr",
".",
"Bo",
"Wong",
"and",
"the",
"rest",
"of",
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"Great",
"Wall",
"Group",
"employees",
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"HF",
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"\"",
".",
"Bo",
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",",
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"Wall",
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",",
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",",
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"/",
"Chinese",
"hospitality",
"sector",
"will",
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"newfound",
"strength",
"and",
"expertise",
"of",
"HF",
"Group",
"to",
"better",
"support",
"their",
"needs",
".",
"I",
"am",
"thankful",
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"welcome",
"and",
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"believe",
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"employees",
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"find",
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"a",
"fulfilling",
"new",
"home",
"\"",
".",
"About",
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"Inc",
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"HF",
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"Group",
"Inc",
".",
",",
"headquartered",
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"Vegas",
",",
"Nevada",
",",
"is",
"a",
"leading",
"marketer",
"and",
"distributor",
"of",
"fresh",
"produce",
",",
"frozen",
"and",
"dry",
"food",
",",
"and",
"non",
"-",
"food",
"products",
"to",
"primarily",
"Asian",
"/",
"Chinese",
"restaurants",
"and",
"other",
"foodservice",
"customers",
"throughout",
"the",
"United",
"States",
".",
"With",
"16",
"distribution",
"centers",
"strategically",
"located",
"throughout",
"the",
"nation",
",",
"HF",
"Foods",
"aims",
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"supply",
"the",
"increasing",
"demand",
"for",
"Asian",
"American",
"restaurant",
"cuisine",
".",
"With",
"an",
"in",
"-",
"house",
"proprietary",
"ordering",
"and",
"inventory",
"control",
"network",
",",
"more",
"than",
"12,500",
"established",
"customers",
"in",
"over",
"40",
"states",
",",
"and",
"strong",
"relations",
"with",
"growers",
"and",
"suppliers",
"of",
"food",
"products",
"in",
"the",
"US",
",",
"South",
"America",
"and",
"China",
",",
"HF",
"Foods",
"Group",
"is",
"able",
"to",
"offer",
"fresh",
",",
"high",
"-",
"quality",
"specialty",
"restaurant",
"foods",
"and",
"supplies",
"at",
"economical",
"prices",
"to",
"its",
"large",
"and",
"growing",
"base",
"of",
"customers",
".",
"For",
"more",
"information",
",",
"please",
"visit",
"www.hffoodsgroup.com",
"Forward",
"-",
"Looking",
"Statements",
"All",
"statements",
"in",
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"news",
"release",
"other",
"than",
"statements",
"of",
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"are",
"forward",
"-",
"looking",
"statements",
"which",
"contain",
"our",
"current",
"expectations",
"about",
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"future",
"results",
".",
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"identify",
"any",
"forward",
"-",
"looking",
"statements",
"by",
"using",
"words",
"such",
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"\"",
"anticipates",
"\"",
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"\"",
"believes",
"\"",
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"\"",
"expects",
"\"",
",",
"\"",
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"\"",
"may",
"\"",
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"\"",
"should",
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"other",
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"-",
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"correct",
".",
"Such",
"statements",
"are",
"not",
"guarantees",
"of",
"future",
"performance",
"or",
"events",
"and",
"are",
"subject",
"to",
"known",
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"unknown",
"risks",
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"uncertainties",
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",",
"events",
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"financial",
"positions",
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"-",
"looking",
"statements",
".",
"Such",
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"include",
",",
"but",
"are",
"not",
"limited",
"to",
",",
"unfavorable",
"macroeconomic",
"conditions",
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"United",
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",",
"competition",
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"service",
"distribution",
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",",
"particularly",
"the",
"entry",
"of",
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"/",
"Asian",
"restaurant",
"market",
"niche",
",",
"increases",
"in",
"fuel",
"costs",
"or",
"commodity",
"prices",
",",
"disruption",
"of",
"relationships",
"with",
"vendors",
"and",
"increases",
"in",
"product",
"prices",
",",
"U",
".",
"S",
".",
"government",
"tariffs",
"on",
"products",
"imported",
"into",
"the",
"United",
"States",
",",
"particularly",
"from",
"China",
",",
"changes",
"in",
"consumer",
"eating",
"and",
"dining",
"out",
"habits",
",",
"disruption",
"of",
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"with",
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"loss",
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"customers",
",",
"our",
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"our",
"acquisition",
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",",
"availability",
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"execute",
"our",
"acquisition",
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"failure",
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",",
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"changes",
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"failure",
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",",
"any",
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"security",
"incident",
",",
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"disruption",
",",
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"our",
"information",
"technology",
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",",
"statements",
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"any",
"of",
"the",
"foregoing",
",",
"and",
"other",
"factors",
"disclosed",
"under",
"the",
"caption",
"\"",
"Risk",
"Factors",
"\"",
"in",
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"Annual",
"Report",
"on",
"Form",
"10",
"-",
"K",
"for",
"the",
"year",
"ended",
"December",
"31",
",",
"2020",
"and",
"other",
"filings",
"with",
"the",
"SEC",
".",
"Readers",
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"place",
"undue",
"reliance",
"on",
"these",
"forward",
"-",
"looking",
"statements",
",",
"which",
"speak",
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"of",
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"Except",
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"to",
"disclose",
"any",
"revision",
"to",
"these",
"forward",
"-",
"looking",
"statements",
".",
"Investor",
"Relations",
"Contact",
":",
"Gateway",
"Investor",
"Relations",
"Cody",
"Slach",
"Tel",
"1",
"-",
"949",
"-",
"574",
"-",
"3860",
"HFFG@gatewayir.com"
] | [
"O",
"O",
"O",
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"O",
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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",
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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",
"B-Generic_Info.ANNUAL_REVENUES",
"I-Generic_Info.ANNUAL_REVENUES",
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"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",
"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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] |
750577-000089882211000442-exhibit991 | EX-99.1
2
exhibit991.htm
exhibit991.htm - Generated by SEC Publisher for SEC Filing
For Immediate Release
June 5, 2011
For More Information
Carl J. Chaney, President & Chief Executive Officer
Michael M. Achary, EVP & Chief Financial Officer
Trisha Voltz Carlson, SVP, Investor Relations
800.522.6542 or 504.299.5208
Hancock Holding Company completes Whitney Holding Corporation merger
GULFPORT, Miss. (June 5, 2011)-Hancock Holding Company (Nasdaq: HBHC) ("Hancock") announced today the completion of its acquisition of Whitney Holding Corporation (Nasdaq: WTNY) ("Whitney"), effective Saturday, June 4, 2011.
"This milestone in the rich histories of two well-established Gulf South banks begins a new era of opportunity for the company, our Hancock and Whitney customers, and the communities we serve", said Hancock Holding Company President and Chief Executive Officer Carl J. Chaney. "The merger of Whitney into Hancock joins two longtime neighbors committed for more than a century to values of strength, stability, integrity, and service".
Subject to the terms of the merger agreement, Whitney shareholders are entitled to receive 0.418 shares of Hancock common stock in exchange for each share of Whitney common stock they owned immediately prior to the merger.
As a result of the merger, Hancock Holding Company is now the parent company of two banks: Hancock Bank, headquartered in Gulfport, and Whitney Bank, headquartered in New Orleans and the largest state-chartered bank in Louisiana. Chaney and fellow Hancock CEO and Chief Operating Officer John M. Hairston will continue to lead Hancock Holding Company and remain as senior executives of Hancock Bank, while veteran New Orleans and Whitney banker Joseph S. "Joe" Exnicios has been appointed president of Whitney Bank.
"This combination creates the preeminent Gulf South financial institution, with $20 billion in assets and nearly 300 full-service branch locations. We believe the complementary strengths of Hancock and Whitney create a superior, dynamic financial institution with experienced local leadership and talented associates who are ready to serve our valued customers and communities throughout our business footprint spanning the Gulf Coast from Houston, Texas, to Tampa, Florida", Chaney emphasized.
Until Hancock Bank and Whitney Bank convert to a single operating system-anticipated to occur in early 2012, Hancock and Whitney customers should continue to do business at their current Hancock or Whitney branches. However, customers of both banks can now use Hancock and Whitney ATMs free of charge.
-more-
"It's business as usual at all Hancock and Whitney branches, with the immediate benefit of access to nearly 400 ATMs across five states for customers of both banks", added Chaney.
Additional information about the Hancock and Whitney merger is available at www.OneStrongFuture.com, the company's merger-central website.
About Hancock Holding Company
Following completion of the Whitney merger, Hancock Holding Company has assets of approximately $20 billion. Both Hancock Bank and Whitney Bank were founded more than a century ago and operate a combined total of 293 full-service bank branches and almost 400 ATMs across a Gulf South corridor comprising South Mississippi; southern and central Alabama; southern Louisiana; the northern, central, and Panhandle regions of Florida; and Houston, Texas.
The Hancock Holding Company financial services family also includes Hancock Investment Services, Inc.; Hancock Insurance Agency and its divisions of J. Everett Eaves and Ross King Walker; Magna Insurance Company; Southern Coastal Insurance Agency, Inc.; corporate trust offices in Gulfport and Jackson, Miss., New Orleans, Baton Rouge, and Orlando; and Harrison Finance Company.
Investors and customers can access more information about Hancock Holding Company, Hancock Bank, and e-banking at www.hancockbank.com. Details about Whitney Bank and online banking are available at www.whitneybank.com.
"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
:
Congress passed the Private Securities Litigation Act of 1995 in an effort to encourage corporations to provide information about companies' anticipated future financial performance. This act provides a safe harbor for such disclosure, which protects the companies from unwarranted litigation if actual results are different from management expectations. This release contains forward-looking statements and reflects management's current views and estimates of future economic circumstances, industry conditions, company performance, and financial results, the timing of system conversions, delays and difficulties in integrating Whitney and Hancock businesses or fully realizing cost savings and other benefits, the anticipated impact of the merger on future operations, growth opportunities, customer experiences and employee matters, business disruptions following the merger, customer disintermediation and other consequences associated with mergers and acquisitions. These forward-looking statements are subject to a number of factors and uncertainties which could cause Hancock's actual results and experience to differ from the anticipated results and expectations expressed in such forward-looking statements, including factors described in Hancock's SEC filings, including those set forth under "Risk Factors" in Hancock's Annual Report on Form 10-K for the year ended December 31, 2010, and Quarterly Report on Form 10-Q for the quarter ended March 31, 2011.
-30-
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"local",
"leadership",
"and",
"talented",
"associates",
"who",
"are",
"ready",
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"our",
"valued",
"customers",
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"communities",
"throughout",
"our",
"business",
"footprint",
"spanning",
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"Gulf",
"Coast",
"from",
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",",
"Texas",
",",
"to",
"Tampa",
",",
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"\"",
",",
"Chaney",
"emphasized",
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"Until",
"Hancock",
"Bank",
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"Whitney",
"Bank",
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"-",
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",",
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"or",
"Whitney",
"branches",
".",
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",",
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"banks",
"can",
"now",
"use",
"Hancock",
"and",
"Whitney",
"ATMs",
"free",
"of",
"charge",
".",
"-",
"more",
"-",
"\"",
"It",
"'",
"s",
"business",
"as",
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"and",
"Whitney",
"branches",
",",
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"benefit",
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"to",
"nearly",
"400",
"ATMs",
"across",
"five",
"states",
"for",
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"banks",
"\"",
",",
"added",
"Chaney",
".",
"Additional",
"information",
"about",
"the",
"Hancock",
"and",
"Whitney",
"merger",
"is",
"available",
"at",
"www.OneStrongFuture.com",
",",
"the",
"company",
"'s",
"merger",
"-",
"central",
"website",
".",
"About",
"Hancock",
"Holding",
"Company",
"Following",
"completion",
"of",
"the",
"Whitney",
"merger",
",",
"Hancock",
"Holding",
"Company",
"has",
"assets",
"of",
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"$",
"20 billion",
".",
"Both",
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"Bank",
"and",
"Whitney",
"Bank",
"were",
"founded",
"more",
"than",
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"century",
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"operate",
"a",
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"of",
"293",
"full",
"-",
"service",
"bank",
"branches",
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"almost",
"400",
"ATMs",
"across",
"a",
"Gulf",
"South",
"corridor",
"comprising",
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"Mississippi",
";",
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"Louisiana",
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",",
"central",
",",
"and",
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"regions",
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"Florida",
";",
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",",
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".",
"The",
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"Holding",
"Company",
"financial",
"services",
"family",
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"Investment",
"Services",
",",
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";",
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"Insurance",
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"Everett",
"Eaves",
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"King Walker",
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"Magna",
"Insurance",
"Company",
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"Southern",
"Coastal",
"Insurance",
"Agency",
",",
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".",
";",
"corporate",
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"Jackson",
",",
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".",
",",
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"Orleans",
",",
"Baton",
"Rouge",
",",
"and",
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";",
"and",
"Harrison",
"Finance",
"Company",
".",
"Investors",
"and",
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"about",
"Hancock",
"Holding",
"Company",
",",
"Hancock",
"Bank",
",",
"and",
"e",
"-",
"banking",
"at",
"www.hancockbank.com",
".",
"Details",
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"Bank",
"and",
"online",
"banking",
"are",
"available",
"at",
"www.whitneybank.com",
".",
"\"",
"SAFE",
"HARBOR",
"\"",
"STATEMENT",
"UNDER",
"THE",
"PRIVATE",
"SECURITIES",
"LITIGATION",
"REFORM",
"ACT",
"OF",
"1995",
":",
"Congress",
"passed",
"the",
"Private",
"Securities",
"Litigation",
"Act",
"of",
"1995",
"in",
"an",
"effort",
"to",
"encourage",
"corporations",
"to",
"provide",
"information",
"about",
"companies",
"'",
"anticipated",
"future",
"financial",
"performance",
".",
"This",
"act",
"provides",
"a",
"safe",
"harbor",
"for",
"such",
"disclosure",
",",
"which",
"protects",
"the",
"companies",
"from",
"unwarranted",
"litigation",
"if",
"actual",
"results",
"are",
"different",
"from",
"management",
"expectations",
".",
"This",
"release",
"contains",
"forward",
"-",
"looking",
"statements",
"and",
"reflects",
"management",
"'s",
"current",
"views",
"and",
"estimates",
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"economic",
"circumstances",
",",
"industry",
"conditions",
",",
"company",
"performance",
",",
"and",
"financial",
"results",
",",
"the",
"timing",
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"system",
"conversions",
",",
"delays",
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"difficulties",
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"Hancock",
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"realizing",
"cost",
"savings",
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"other",
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",",
"the",
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"impact",
"of",
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",",
"growth",
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",",
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"customer",
"disintermediation",
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".",
"These",
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"-",
"looking",
"statements",
"are",
"subject",
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"-",
"K",
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"31",
",",
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"-",
"Q",
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"31",
",",
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".",
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"30",
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"O"
] |
1784535-000110465921046836-tm2112224d1_ex99-1 | EX-99.1
2
tm2112224d1_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
Porch Group Closes
Homeowners of America Acquisition, Creating One of the Largest InsurTech Companies
SEATTLE, April 6, 2021 --
Porch
Group, Inc.
("Porch" or "the Company") (NASDAQ: PRCH)
, a leading vertical software company reinventing
the home services industry, successfully completed its previously
announced
acquisition of
Homeowners of America
(HOA)
,
making Porch one of the largest Insurance Technology (InsurTech) companies.
HOA is a Managing General Agent and insurance carrier hybrid with high
margins and a capital efficient reinsurance strategy which limits retained risk. HOA primarily operates in six states, including Texas,
Arizona, North Carolina, South Carolina, Virginia, and Georgia. The company was founded in 2006 in Texas, a $10 billion homeowners insurance
market, and was the 12
th
largest home insurer in Texas in 2019. HOA is licensed to operate in 31 states, positioning it for
nationwide expansion as part of Porch.
Porch acquired HOA for approximately $100 million, subject to customary
purchase price adjustments, of which approximately $21.7 million is payable in Porch common stock.
"With HOA's experienced management
team and scale of effective insurance operations, combined with Porch's homebuyer access and unique property data, we are positioned
to scale into our InsurTech ambitions", said Matt Ehrlichman, Porch founder, chairman and CEO. "We are looking to immediately
provide value to current HOA agents and customers through our technology platform and expanded offerings to be more than just an insurance
carrier, but the partner for the home. We expect HOA's fit within our unique vertical software platform will provide rapid, scalable,
and profitable growth. The InsurTech space is nascent, and this acquisition demonstrates our commitment to industry leadership".
With the acquisition, Porch seeks to create efficient growth with reduced customer acquisition cost through the homebuyers accessed through
its vertical software platform, proprietary property data collection and HOA's current licensure in 31 states. Porch plans to expand
HOA's Insurtech footprint nationwide through its own insurance offering and HOA's existing independent agent distribution
channels.
Combining Porch's vast access to homebuyers and unique property data with HOA's strong pricing and claims experience, Porch
believes it can become one of the largest InsurTech companies with significant advantages to driving rapid, long-term growth. For the
full year 2021, the Company expects over $270 million of pro forma gross written premium between HOA and Porch's existing insurance
agency.
Agents and customers currently using HOA services
should expect enhanced product offering and expanded opportunities through the Porch vertical technology systems and data.
About
Porch Group
Seattle-based
Porch Group
, the vertical software platform
for the home, provides software and services to more than 11,150 home services companies such as
home inspectors
,
moving
companies
, real estate agencies, utility companies, and warranty companies. Through these relationships and its multiple brands,
Porch provides a moving concierge service to homebuyers, helping them save time and make better decisions on critical services, including
insurance
,
moving
,
security
,
TV/internet
,
home repair and improvement
,
and more. To learn more about Porch, visit
porchgroup.com
or
porch.com
.
Forward-Looking Statements
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. Forward-looking statements generally relate to future events or Porch's future financial or operating performance.
For example, projections of future revenue and other metrics, business strategy and plans, and anticipated impacts from pending or completed
acquisitions, are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may,"
"should", "expect", "intend", "will", "estimate", "anticipate,"
"believe", "predict", "potential" or "continue", 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 Porch 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 ability to recognize
the anticipated benefits of Porch's December 2020 business combination (the "Merger") with PropTech Acquisition Corporation
("PropTech"), which may be affected by, among other things, competition and the ability of the combined company to grow and
manage growth profitably, maintain key commercial relationships and retain its management and key employees; (2) expansion plans and opportunities,
including future and pending acquisitions or additional business combinations; (3) costs related to the Merger and being a public company;
(4) litigation, complaints, and/or adverse publicity; (5) the impact of changes in consumer spending patterns, consumer preferences, local,
regional and national economic conditions, crime, weather, demographic trends and employee availability; (6) privacy and data protection
laws, privacy or data breaches, or the loss of data; (7) the impact of the COVID-19 pandemic and its effect on the business and financial
conditions of Porch; and (8) other risks and uncertainties described in Porch's filings with the Securities and Exchange Commission
("SEC"), which are available on the SEC's website at www.sec.gov.
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. You should not place undue reliance on forward-looking statements, which speak only as of the date they are
made. Porch does not undertake any duty to update these forward-looking statements, except as may be required by law.
Porch Press contact:
Jordan Schmidt
Gateway Group
(949) 386-6332
PRCH@gatewayir.com
Porch Investor Relations contact:
Cody Slach, Matt Glover
Gateway Group
(949) 574-3860
PRCH@gatewayir.com
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30305-000119312519264787-d817718dex991 | EX-99.1
3
d817718dex991.htm
EX-99.1
EX-99.1
Exhibit 99.1
Ducommun Incorporated Acquires Nobles Worldwide
Global Leader in the Design and Manufacturing of High Performance Ammunition Handling Systems for Military Air, Sea and Ground Platforms
SANTA ANA, Calif., October
9, 2019 (GLOBE NEWSWIRE)
- Ducommun Incorporated (NYSE:DCO) ("Ducommun" or the "Company")
today announced that it has completed the acquisition of Nobles Worldwide Inc. ("Nobles") based in St. Croix Falls, Wisconsin.
Founded in 1948, Nobles
Worldwide is the global leader in the design and manufacture of high performance ammunition handling systems for military aircraft, helicopters, ground vehicles and shipboard systems. Nobles is currently the primary ammunition feed chute supplier to
most
F-Series
aircraft and naval
close-in
weapon systems in the U.S. and supports more than 50 different such systems in 50 other countries worldwide. In addition to its
full-sized,
customized solutions, Nobles offers a range of systems for small and medium caliber weapon stations and medium caliber turrets.
"I am delighted to welcome Nobles Worldwide to Ducommun as we continue to add high value engineered products to our portfolio", said Stephen G. Oswald,
chairman, president and chief executive officer of Ducommun Incorporated. "As communicated previously, Nobles Worldwide continues to advance the Company's strategy of offering more customized, value-driven engineered products with
aftermarket support. In addition, the acquisition expands our current footprint into another segment of the defense market, ammunition delivery and handling systems".
"We are excited to join the Ducommun family. Nobles' focus on the design, manufacturing, delivery and integration of ammunition handling systems for military
land, air and sea platforms will complement Ducommun's existing portfolio of engineered products for the defense industry. With Ducommun, Nobles expects to accelerate its growth and expand its focus on innovative offerings to meet the needs of
an evolving military", said Will Wennberg, Nobles president.
Ducommun financed the purchase through its existing revolving credit facility.
Advisers
Winston & Strawn, LLP served as legal adviser to Ducommun
and Houlihan Lokey Capital, Inc. served as financial adviser to the seller.
((more))
About Ducommun Incorporated
Ducommun Incorporated delivers value-added innovative manufacturing solutions to customers in the aerospace, defense and industrial markets. Founded in 1849, the
Company specializes in two core areas - Electronic Systems and Structural Systems - to produce complex products and components for commercial aircraft platforms, mission-critical military and space programs, and sophisticated industrial
applications. For more information, visit
ducommun.com.
About Nobles Worldwide
Founded in 1948, Nobles Worldwide is the largest
supplier of ammunition feed systems to all branches of the U.S. military and its allies. Nobles is recognized globally for its superior durability products, cutting-edge designs and rigorous quality assurance. Nobles Worldwide offers lighter,
stronger and more flexible materials used in ammunition chutes, magazines, gun mounts and weapon stations. Nobles is based in St. Croix Falls, Wisconsin. For more information, please
visit
noblesworldwide.com
Forward-Looking Statements
This press 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, relating to the acquisition of Nobles Worldwide, Inc. discussed above, including statements relating to Ducommun's expectations relating to the acquisition being
complementary to its existing portfolio and Nobles accelerating its growth
. We generally use the words "believe", "expect", and similar expressions in this press release to identify forward-looking statements. These
statements are based on assumptions currently believed to be valid, but they involve risks and uncertainties that could cause our actual results to differ materially from those expressed in the forward looking statements. Important uncertainties
that could cause our actual results to differ from those expressed in the forward looking statements are identified in our reports filed with the SEC, including our Quarterly Reports on Form
10-Q,
our Annual
Reports on Form
10-K,
and our Current Reports on Form
8-K.
The forward looking statements included in this press release are made only as of the date of this press
release, and Ducommun does not undertake any obligation to (and expressly disclaims any such obligation to) update the forward looking statements to reflect subsequent events or circumstances.
Contacts
Chris Wampler, Vice President, Interim CFO & Chief
Accounting Officer
310.513.7290,
CWampler@ducommun.com
Chris Witty, Investor Relations
646.438.9385,
cwitty@darrowir.com
((end))
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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".",
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"'",
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",",
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",",
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"handling",
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"land",
",",
"air",
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"sea",
"platforms",
"will",
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"the",
"defense",
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".",
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",",
"Nobles",
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"its",
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"expand",
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"offerings",
"to",
"meet",
"the",
"needs",
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"an",
"evolving",
"military",
"\"",
",",
"said",
"Will",
"Wennberg",
",",
"Nobles",
"president",
".",
"Ducommun",
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"credit",
"facility",
".",
"Advisers",
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"&",
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",",
"LLP",
"served",
"as",
"legal",
"adviser",
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"Ducommun",
"and",
"Houlihan",
"Lokey",
"Capital",
",",
"Inc",
".",
"served",
"as",
"financial",
"adviser",
"to",
"the",
"seller",
".",
"(",
"(",
"more",
")",
")",
"About",
"Ducommun",
"Incorporated",
"Ducommun",
"Incorporated",
"delivers",
"value",
"-",
"added",
"innovative",
"manufacturing",
"solutions",
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"customers",
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",",
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"industrial",
"markets",
".",
"Founded",
"in",
"1849",
",",
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"Company",
"specializes",
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"two",
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"areas",
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"Systems",
"and",
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"to",
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"complex",
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",",
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"critical",
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"space",
"programs",
",",
"and",
"sophisticated",
"industrial",
"applications",
".",
"For",
"more",
"information",
",",
"visit",
"ducommun.com",
".",
"About",
"Nobles",
"Worldwide",
"Founded",
"in",
"1948",
",",
"Nobles",
"Worldwide",
"is",
"the",
"largest",
"supplier",
"of",
"ammunition",
"feed",
"systems",
"to",
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"branches",
"of",
"the",
"U",
".",
"S",
".",
"military",
"and",
"its",
"allies",
".",
"Nobles",
"is",
"recognized",
"globally",
"for",
"its",
"superior",
"durability",
"products",
",",
"cutting",
"-",
"edge",
"designs",
"and",
"rigorous",
"quality",
"assurance",
".",
"Nobles",
"Worldwide",
"offers",
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",",
"stronger",
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"more",
"flexible",
"materials",
"used",
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"chutes",
",",
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",",
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"mounts",
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"stations",
".",
"Nobles",
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"in",
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".",
"Croix",
"Falls",
",",
"Wisconsin",
".",
"For",
"more",
"information",
",",
"please",
"visit",
"noblesworldwide.com",
"Forward",
"-",
"Looking",
"Statements",
"This",
"press",
"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",
",",
"relating",
"to",
"the",
"acquisition",
"of",
"Nobles",
"Worldwide",
",",
"Inc",
".",
"discussed",
"above",
",",
"including",
"statements",
"relating",
"to",
"Ducommun",
"'s",
"expectations",
"relating",
"to",
"the",
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"being",
"complementary",
"to",
"its",
"existing",
"portfolio",
"and",
"Nobles",
"accelerating",
"its",
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".",
"We",
"generally",
"use",
"the",
"words",
"\"",
"believe",
"\"",
",",
"\"",
"expect",
"\"",
",",
"and",
"similar",
"expressions",
"in",
"this",
"press",
"release",
"to",
"identify",
"forward",
"-",
"looking",
"statements",
".",
"These",
"statements",
"are",
"based",
"on",
"assumptions",
"currently",
"believed",
"to",
"be",
"valid",
",",
"but",
"they",
"involve",
"risks",
"and",
"uncertainties",
"that",
"could",
"cause",
"our",
"actual",
"results",
"to",
"differ",
"materially",
"from",
"those",
"expressed",
"in",
"the",
"forward",
"looking",
"statements",
".",
"Important",
"uncertainties",
"that",
"could",
"cause",
"our",
"actual",
"results",
"to",
"differ",
"from",
"those",
"expressed",
"in",
"the",
"forward",
"looking",
"statements",
"are",
"identified",
"in",
"our",
"reports",
"filed",
"with",
"the",
"SEC",
",",
"including",
"our",
"Quarterly",
"Reports",
"on",
"Form",
"10",
"-",
"Q",
",",
"our",
"Annual",
"Reports",
"on",
"Form",
"10",
"-",
"K",
",",
"and",
"our",
"Current",
"Reports",
"on",
"Form",
"8",
"-",
"K",
".",
"The",
"forward",
"looking",
"statements",
"included",
"in",
"this",
"press",
"release",
"are",
"made",
"only",
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"of",
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"release",
",",
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"(",
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"disclaims",
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")",
"update",
"the",
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"looking",
"statements",
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"reflect",
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"circumstances",
".",
"Contacts",
"Chris",
"Wampler",
",",
"Vice",
"President",
",",
"Interim",
"CFO",
"&",
"Chief",
"Accounting",
"Officer",
"310",
".",
"513",
".",
"7290",
",",
"CWampler@ducommun.com",
"Chris",
"Witty",
",",
"Investor",
"Relations",
"646",
".",
"438",
".",
"9385",
",",
"cwitty@darrowir.com",
"(",
"(",
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"2"
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1092662-000109266217000002-ex99_1 | EX-99.1
3
ex99_1.htm
EXHIBIT 99.1 FOR PR
Exhibit 99.1
Chembio Completes Acquisition of Malaysia-based RVR Diagnostics
RVR to Serve as Manufacturing and Distribution Facility for APAC Operations
MEDFORD, NY, January 10, 2017
- Chembio Diagnostics, Inc. (Nasdaq: CEMI), a leader in point-of-care (POC) diagnostic tests for infectious diseases, today announced that the Company has completed the previously announced acquisition of RVR Diagnostics Sdn Bhd (RVR), a Malaysian, privately-held manufacturer and distributor of POC diagnostic tests for infectious diseases.
In November 2016, Chembio entered into a definitive agreement to acquire RVR, subject to certain due diligence and other requirements. Under the terms of the agreement, Chembio will pay up to $1.5 million in cash and up to 291,066 shares of Chembio common stock, including $250,000 consisting of both cash and stock that is based on the achievement of certain milestones, and Chembio also will forgive $250,000 currently owed by RVR to Chembio.
John Sperzel, Chembio's CEO, commented, "Chembio is committed to expanding our presence and product offerings in Southeast Asia and around the world. Along with the recent hiring of Robert Passas, Ph.D., to oversee the Company's growth in the EMEA and APAC regions, the acquisition of RVR Diagnostics is a critical component of this strategy. We believe the addition of a high-quality, low-cost manufacturing facility in Southeast Asia, where the population exceeds 600 million, is an important building block in Chembio's global plan. The team in Malaysia will continue to be led by Mac Vajuram, RVR's Managing Director, and Avijit Roy, RVR's Vice President, and we welcome all the RVR employees to the Chembio family".
About Chembio Diagnostics
Chembio Diagnostics, Inc. develops, manufactures, licenses and markets proprietary rapid diagnostic tests in the growing $8.0 billion point-of-care testing market. Chembio markets each of its DPP
®
HIV 1/2 Assay, HIV 1/2 STAT-PAK
®
Assay, and SURE CHECK
®
HIV 1/2 Assay, with these Chembio brand names, in the U.S. and internationally both directly and through third-party distributors. The Company's SURE CHECK
®
HIV 1/2 Assay previously has been exclusively sold in the U.S. as Clearview
®
Complete HIV 1/2 Assay.
Chembio has developed a patented point-of-care (POC) test platform technology, the Dual Path Platform (DPP
®
) technology, which has significant advantages over lateral-flow technologies. This technology is providing Chembio with a significant pipeline of business opportunities for the development and manufacture of new products.
Headquartered in Medford, NY, Chembio is licensed by the U.S. Food and Drug Administration (FDA) as well as the U.S. Department of Agriculture (USDA), and is certified for the global market under the International Standards Organization (ISO) directive 13485. Chembio Diagnostic Systems Inc. is a wholly-owned subsidiary of Chembio Diagnostics, Inc. For more information, please visit: www.chembio.com.
Forward-Looking Statements
Statements contained herein that are not historical facts may be forward-looking statements within the meaning of the Securities Act of 1933, as amended. Forward-looking statements include statements regarding the intent, belief or current expectations of the Company and its management. Such statements, which are estimates only, reflect management's current views, are based on certain assumptions, and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to Chembio's ability to obtain additional financing and to obtain regulatory approvals in a timely manner, as well as the demand for Chembio's products. Chembio undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in Chembio's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact Chembio's success are more fully disclosed in Chembio's most recent public filings with the U.S. Securities and Exchange Commission.
Contacts:
Chembio Diagnostics
Susan Norcott
(631) 924-1135, ext. 125
snorcott@chembio.com
Vida Strategic Partners (investor relations)
Stephanie C. Diaz
(415) 675-7401
sdiaz@vidasp.com
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1313730-000110465907086771-a07-30611_1ex99d1 | EX-99.1
2
a07-30611_1ex99d1.htm
EX-99.1
Exhibit 99.1
MACON, Ga., December 3,
2007 - Atlantic Southern Financial Group, Inc. (Nasdaq: ASFN) and its subsidiary, Atlantic Southern
Bank, announced today the completion of the merger in which CenterState Mid
Florida merged with and into Atlantic Southern Bank.
In August, Atlantic
Southern announced its intentions to purchase the charter of CenterState Bank
of Mid Florida, a subsidiary of CenterState Banks of Florida, Inc. At that time Stevens stated, "Buying the
charter was a quick and economical way to branch into Florida".
Atlantic Southern
established its first Florida branch at 13474 Atlantic Boulevard, Jacksonville,
Florida. "The move fits with our overall
strategy of increasing deposits in addition to increasing shareholder value",
said President and CEO Mark Stevens.
Atlantic Southern has
total assets of approximately $840 million.
About Atlantic Southern
Financial Group, Inc. and Atlantic Southern Bank
With headquarters in
Macon, Georgia, Atlantic Southern Financial Group, Inc. operates nine banking
locations in the middle Georgia markets of Macon and Warner Robins, six
locations in the coastal markets of Savannah, Darien, Brunswick and St. Simons
Island, Georgia, one location in Jacksonville, Florida, and a loan production
office in Valdosta, Georgia. The Company
specializes in commercial real estate and small business lending.
Safe Harbor
This news release
contains forward-looking statements, as defined by Federal Securities Laws,
including statements about financial outlook and business environment. These statements are provided to assist in
the understanding of a future financial performance and such performance
involves risks and uncertainties that may cause actual results to differ materially
from those in such statements. Any such
statements are based on current expectations and involve a number of risks and
uncertainties. For a discussion of
factors that may cause such forward-looking statements to differ materially
from actual results, please refer to the section entitled "Forward-Looking
Statements" in Atlantic Southern Financial Group, Inc.'s annual report filed on
Form 10-K with the Securities and Exchange Commission.
For additional
information, contact Mark Stevens, President and CEO, or Carol Soto, Executive
Vice President and CFO, at (478) 757-8181.
| [
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",",
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"Southern",
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",",
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"Southern",
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",",
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",",
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"Southern",
"Financial",
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",",
"Inc",
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"operates",
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"locations",
"in",
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"markets",
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",",
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"uncertainties",
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",",
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1028985-000095014212002419-eh1201311_ex9902 | EX-99.2
3
eh1201311_ex9902.htm
EXHIBIT 99.2
eh1201311_ex9902.htm
EXHIBIT 99.2
Spectrum Brands, Inc.
601 Rayovac Drive
Madison WI 53711-2497
P.O. Box 44960
Madison WI 53744-4960
(608) 275-3340
FOR IMMEDIATE RELEASE
Investor/Media Contact: Dave Prichard
608.278.6141
Spectrum Brands Announces Assumption by Spectrum Brands, Inc. of the
New Senior Notes in Connection with the Closing of the HHI Acquisition
Madison, WI, December 17, 2012 - Spectrum Brands Holdings, Inc. (NYSE: SPB) ("Spectrum Brands") announced today that the $520 million aggregate principal amount of 6.375% Senior Notes due 2020 (the "2020 Notes") and U.S. $570 million aggregate principal amount of 6.625% Senior Notes due 2022 (the "2022 Notes") (collectively, the "New Senior Notes") previously issued by Spectrum Brands Escrow Corp. were assumed by Spectrum Brands' wholly owned subsidiary Spectrum Brands, Inc. and fully and unconditionally guaranteed by certain of Spectrum Brands' subsidiaries. The proceeds from the issuance of the New Senior Notes were initially deposited into an escrow account and the proceeds were released upon the consummation of the acquisition of the Hardware & Home Improvement Group ("HHI") of Stanley Black & Decker, Inc. (NYSE: SWK) and the entry into a new senior secured term loan facility, which occurred concurrently with the assumption of the New Senior Notes.
The net proceeds released from escrow were used to fund a portion of the purchase price and related fees and expenses in connection with the consummation of the acquisition of HHI for $1.4 billion and to fund the previously announced $50 million acquisition of a controlling stake in Shaser Bioscience, Inc. Spectrum Brands financed the remaining portion of the HHI acquisition, as well as refinanced its existing Term Loan B with new $800 million Senior Secured Term Loans (the "New Term Loans").
The New Senior Notes were offered and sold to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to non-U.S. buyers in accordance with Regulation S under the Securities Act.
This press release is for informational purposes only and is not an offer to buy or the solicitation of an offer to sell any securities.
The New Senior Notes have not been registered under the Securities Act or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an
1
applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.
About Spectrum Brands Holdings, Inc.
Spectrum Brands Holdings, Inc., a member of the Russell 2000 Index, is a global and diversified consumer products company and a leading supplier of batteries, shaving and grooming products, personal care products, small household appliances, specialty pet supplies, lawn & garden and home pest control products, personal insect repellents and portable lighting. Helping to meet the needs of consumers worldwide, the Company offers a broad portfolio of market-leading, well-known and widely trusted brands including Rayovac®, Remington®, Varta®, George Foreman®, Black & Decker®, Toastmaster®, Farberware®, Tetra®, Marineland®, Nature's Miracle®, Dingo®, 8-in-1®, FURminator®, Littermaid®, Spectracide®, Cutter®, Repel®, Hot Shot® and Black Flag®. Spectrum Brands Holdings' products are sold by the world's top 25 retailers and are available in more than one million stores in approximately 140 countries. Spectrum Brands Holdings generated net sales of approximately $3.25 billion in fiscal 2012. For more information, visit
www.spectrumbrands.com
.
Forward-Looking Statements
Certain matters discussed in this news release and other oral and written statements by representatives of the Spectrum Brands regarding matters such as the Spectrum Brands' expectations regarding the offering of the New Senior Notes may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We have tried, whenever possible, to identify these statements by using words like "future", "anticipate", "intend", "plan", "estimate", "believe", "expect", "project", "forecast", "could", "would", "should", "will", "may", and similar expressions of future intent or the negative of such terms. These statements are subject to a number of risks and uncertainties that could cause results to differ materially from those anticipated as of the date of this release.
Actual results may differ materially as a result of (1) Spectrum Brands' ability to manage and otherwise comply with its covenants with respect to its significant outstanding indebtedness, (2) our ability to integrate, and to realize synergies from, the combined businesses of Spectrum Brands and the Hardware & Home Improvement Group of Stanley Black & Decker, (3) risks related to changes and developments in external competitive market factors, such as introduction of new product features or technological developments, development of new competitors or competitive brands or competitive promotional activity or spending, (4) changes in consumer demand for the various types of products Spectrum Brands offers, (5) unfavorable developments in the global credit markets, (6) the impact of overall economic conditions on consumer spending, (7) fluctuations in commodities prices, the costs or availability of raw materials or terms and conditions available from suppliers, (8) changes in the general economic conditions in countries and regions where Spectrum Brands Holdings does business, such as stock market prices, interest rates, currency exchange rates, inflation and consumer spending, (9) Spectrum Brands' ability to successfully implement manufacturing, distribution and other cost efficiencies and to continue to benefit from its cost-cutting initiatives, (10) Spectrum Brands' ability to identify, develop and retain key employees, (11) unfavorable weather conditions and various other risks and uncertainties, including those discussed herein and those set forth in the securities filings of each of Spectrum Brands Holdings, Inc. and Spectrum Brands, Inc., including each of their most recently filed Annual Report on Form 10-K or Quarterly Reports on Form 10-Q.
2
Spectrum Brands also cautions the reader that its estimates of trends, market share, retail consumption of its products and reasons for changes in such consumption are based solely on limited data available to Spectrum Brands and management's reasonable assumptions about market conditions, and consequently may be inaccurate, or may not reflect significant segments of the retail market.
Spectrum Brands Holdings also cautions the reader that undue reliance should not be placed on any forward-looking statements, which speak only as of the date of this release.
Spectrum Brands undertakes no duty or responsibility to update any of these forward-looking statements to reflect events or circumstances after the date of this report or to reflect actual outcomes.
# # #
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"#",
"3"
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1367644-000110465918060601-a18-36350_1ex99d1 | EX-99.1
3
a18-36350_1ex99d1.htm
EX-99.1
Exhibit 99.1
FOR IMMEDIATE RELEASE
Investor Contact:
Robert G. Burrows
Vice President, Investor Relations
240-631-3280
BurrowsR@ebsi.com
Media Contact:
Lynn Kieffer
Vice President, Corporate Communications
240-631-3391
KiefferL@ebsi.com
EMERGENT BIOSOLUTIONS COMPLETES ACQUISITION OF SPECIALTY VACCINES COMPANY PAXVAX
GAITHERSBURG, Md., October 4, 2018
-Emergent BioSolutions Inc. (NYSE: EBS) announced today that it has completed its acquisition of PaxVax, a company focused on developing, manufacturing, and commercializing specialty vaccines that protect against existing and emerging infectious diseases. With the closing of this transaction, Emergent acquires two marketed vaccines - Vivotif
®
(Typhoid Vaccine Live Oral Ty21a), the only oral vaccine licensed by the U.S. Food and Drug Administration (FDA) for the prevention of typhoid fever, and Vaxchora
®
(Cholera Vaccine, Live, Oral), the only FDA-licensed vaccine for the prevention of cholera, a potentially serious intestinal disease, caused by
Vibrio cholerae serogroup O1
. The acquisition broadens the company's development pipeline with vaccines that address adenovirus types 4 and 7, which are common causes of acute respiratory disease, and chikungunya, a viral disease spread to humans by infected mosquitoes that can cause severely debilitating joint pain. The acquisition also expands the company's sales capabilities with a global specialty salesforce and marketing and distribution partners focused on the travelers' market and establishes an international manufacturing footprint with European-based cGMP biologics facilities.
"Emergent is pleased with the closing of this transaction, which diversifies our customer base, expands our portfolio of both marketed and pipeline products, broadens our commercial and manufacturing capabilities, and strengthens our workforce of talented and committed professionals", said
Abigail Jenkins, senior vice president and head of the Vaccines and Anti-Infectives Business Unit at Emergent BioSolutions. "We are delighted to welcome our new colleagues to Emergent. Together we will continue to grow our vaccines business in pursuit of our mission - to protect and enhance life".
At the closing, the company paid a cash purchase price of approximately $270 million, exclusive of customary closing adjustments, using a combination of cash-on-hand and borrowings under its existing credit facility.
2018 Financial Forecast
The company will be issuing financial results in early November for the three and nine months ended September 30, at which time it will provide an update on the impact of this transaction on full-year 2018 guidance.
1
About Emergent BioSolutions
Emergent BioSolutions Inc. is a global life sciences company seeking to protect and enhance life by focusing on providing specialty products for civilian and military populations that address accidental, intentional, and naturally occurring public health threats. Through our work, we envision protecting and enhancing 50 million lives with our products by 2025. Additional information about the company may be found at emergentbiosolutions.com. Find us on LinkedIn and follow us on Twitter @emergentbiosolu and Instagram @life_at_emergent.
###
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1690881-000156459019034507-asv-ex991_6 | EX-99.1
2
asv-ex991_6.htm
EX-99.1
asv-ex991_6.htm
EX99.1
Acquisition of ASV Holdings, Inc. By Yanmar Closes
ASV Press Release 9/11/2019
GRAND RAPIDS, Minn. - ASV Holdings, Inc. ("ASV" or the "Company") (NASDAQ: ASV), a leading provider of rubber-tracked compact track loaders and wheeled skid steer loaders in the compact construction equipment market, announced today that the previously-announced acquisition of ASV by Yanmar America Corporation, a subsidiary of Yanmar Holdings, LTD., has closed.
The transaction was announced on June 27, 2019 and received approval from ASV stockholders on September 4, 2019. As a result of the completion of the transaction, shares of ASV common stock were removed from listing on the Nasdaq Capital Market, with trading suspended at the close of business today.
About ASV Holdings, Inc.
ASV Holdings, Inc. is a designer and manufacturer of compact construction equipment. Its patented Posi-Track rubber tracked, multi-level suspension undercarriage system provides a competitive market differentiator for its Compact Track Loader (CTL) product line with brand attributes of power, performance and serviceability. Its wheeled Skid Steer Loaders (SSLs) also share the common brand attributes. Equipment is sold through an independent dealer network throughout North America, Australia, and New Zealand. The Company also sells OEM equipment and aftermarket parts. ASV owns and operates a 238,000 square-foot production facility in Grand Rapids, MN.
About Yanmar
With beginnings in Osaka, Japan, in 1912, Yanmar was the first to succeed in making a compact diesel engine of a practical size in 1933. Then, with industrial diesel engines as the cornerstone of its enterprise, Yanmar has continued to expand its product range, services, and expertise to deliver total solutions as an industrial equipment manufacturer. As a provider of small and large engines, agricultural machinery and facilities, construction equipment, energy systems, marine equipment, machine tools, and components, Yanmar's global business operations span seven domains.
On land, at sea, and in the city, Yanmar's mission of "providing sustainable solutions focused on the challenges customers face, in food production and harnessing power, thereby enriching people's lives for all our tomorrows" is a testament to Yanmar's determination to provide us with "A Sustainable Future".
For more details, please visit the official website of Yanmar Co., Ltd.: https://www.yanmar.com/global/about/
Investor Contacts:
At Darrow Associates, Inc.
Peter Seltzberg, Managing Director, Investor Relations
(516) 419-9915
pseltzberg@darrowir.com
At ASV Holdings, Inc.
Andrew Rooke, Chief Executive Officer
(218) 327-5389
Andrew.rooke@asvi.com
Source: ASV Holdings, Inc.
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825322-000149315220009189-ex99-1 | EX-99.1
3
ex99-1.htm
Exhibit
99.1
MPHASE
ACQUIRES ASSETS OF CONSUMER ENGAGEMENT TECHNOLOGY
COMPANY CLOSECOMMS LIMITED
Gaithersburg,
MD - May 15, 2020
- mPhase Technologies, Inc. (OTCQB: XDSL) ("mPhase" or the "Company")
is pleased to announce the acquisition of the assets of CloseComms Limited ("CloseComms"), a private United Kingdom
company that has developed an application technology platform that helps businesses connect with, learn from, and engage
customers beyond their four walls, while protecting the customers data and allowing them to remain anonymous.
CloseComms currently operates under the name "21:32"
and has offices in Wales (U.K.) and California (U.S.). CloseComms initial focus is on the quick service restaurant ("QSR")
market. Under the asset purchase agreement, mPhase will issue 2,666,666 shares of restricted common stock and incorporate the CloseComms
assets into a new wholly-owned consumer engagement subsidiary. Full details are available within the Form 8-K filed in conjunction
with this announcement.
The
patented software technology can be integrated into a retailer's existing Wi-Fi infrastructure, giving retailers important
customer data and enabling AI-enhanced, targeted promotions to drive store traffic and sales. The platform has a proven track
record of 33% application retention after 30 days with a substantially lower than industry standard acquisition
cost per customer. The technology is in the early stages of its roll-out phase, but has already attracted the interest
of leading QSR customers. Notable early corporate clients include Subway, McDonalds, and Nathans; along with NCR as a channel
partner. Initial revenue targets include more than a dozen QSR's with a combined footprint in excess of 46,000 locations,
representing about 7% of the QSR universe in the U.S. Revenue is generated through a monthly per location subscription model.
"This
technology represents another step in our plan to add synergistic platform technologies with the common themes of recurring revenue,
an AI element and open-ended growth potential", explained mPhase CEO Anshu Bhatnagar. "The strategic importance of
this acquisition cannot be understated, particularly as it relates to the platform that we are developing in our Travel Buddhi
division. CloseComms technology was the missing link in our ability to offer an end-to-end consumer engagement solution. Now,
we have complementary AI-enhanced platforms that can connect consumers with products and services they desire at the right time
and place, significantly increasing the potential for sales. We believe this will be a winning combination that will be highly
attractive to many brands in the consumer space".
The
timing of this acquisition is at the front end of a sales cycle that will give mPhase its second stream of high-quality recurring
revenue. Longer term, this business is modeled to have a multi-year expansion profile with sequential increases on a quarterly
basis as new chains adopt the platform. As a result, the new CloseComms business is expected to have a material positive effect
on mPhase's current $30 million annual sales forecast. The Company will update this forecast in the coming quarter as 2020
implementation schedules come into focus and are calendarized.
About
mPhase Technologies
mPhase
is a technology driven, innovative development company that creates and commercializes products and applications that impact everyday
people. The Company is assembling industry-leading teams specializing in artificial intelligence, machine learning, software,
consumer engagement, and other advanced technologies. Additional information can be found at the mPhase website,
www.mphasetech.com
.
Please follow us on twitter: @mPhase_Tech for the latest updates. Information on the new 21:32 division can be found at 21:32.io.
Safe
Harbor Statement
This
press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995.
These statements are identified by the use of the words "could,"
"believe", "anticipate", "intend", "estimate", "expect", "may,"
"continue", "predict", "potential", "project" and similar expressions that are
intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release.
You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations
and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these
plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties
(some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience
and present expectations or projections. Actual results to differ materially from those in the forward-looking statements and
the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors
described in the Company's filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake
no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events
or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
Contacts:
Investor
Contact:
ir@mphasetech.com
Page
2
of 2
| [
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738214-000135448812003499-amtx_ex991 | EX-99.2
8
amtx_ex991.htm
PRESS RELEASE
amtx_ex991.htm
EXHIBIT 99.1
FOR IMMEDIATE RELEASE
Media Contact:
Investor Relations:
Investor & Analyst Contact:
Andy Foster
Michael Bayes
Todd Waltz
(408) 213-0928
Liviakis Financial
(408) 213-0925
afoster@aemetis.com
(415) 389-4670
twaltz@aemetis.com
Aemetis Announces Acquisition of Cilion, Inc., and California Ethanol Plant
Company Will Leverage Plant Infrastructure To Develop Next-Generation Biorefinery
CUPERTINO, Calif. - July 10, 2012 - Aemetis, Inc. (OTCPK: AMTX), an advanced fuels and renewable chemicals company, announced today that the company has acquired Cilion, Inc., including a 55 million gallon per year (mgy) ethanol production plant located in Keyes, CA.
In 2010, Aemetis entered into a multi-year project and lease agreement with Cilion to upgrade, restart, and operate the Cilion biofuels plant. Aemetis successfully retrofitted and then restarted the plant in April 2011, and has achieved continuous operations for more than one year.
The acquisition of Cilion advances Aemetis' plans to utilize the existing ethanol plant's infrastructure to create a next-generation biorefinery producing advanced biofuels and renewable chemicals in addition to ethanol and animal feed products.
I
n addition to the Keyes, California ethanol plant, Cilion's other assets include spare parts and equipment that will be used at the plant.
In 2011, Aemetis acquired Zymetis, Inc., a biotechnology company with a patented organism that enables the production of renewable advanced biofuels and biochemicals.
"The acquisition of the Keyes plant accelerates our plan to expand this world-class ethanol production facility into a next-generation biorefinery capable of producing advanced renewable fuels and biochemicals", said Eric McAfee, Chairman and CEO of Aemetis.
In conjunction with the acquisition, Third Eye Capital, Aemetis' existing senior lender, provided a $15 million term loan and an $18 million working capital financing facility to assist Aemetis in the acquisition and to provide ongoing working capital.
--more-
1
Aemetis Announces Acquisition of Cilion
Page Two
"Our substantial ongoing commitment to Aemetis is demonstrative of our belief in the high quality assets and first-class team built under Eric McAfee's leadership", said Arif Bhalwani, President and CEO of Third Eye Capital. "The acquisition of the Keyes plant will allow Aemetis to accelerate the next phase of its renewable fuels and chemicals strategy".
Specific details of the Cilion acquisition can be found in the Form 8-K filed by Aemetis with the Securities and Exchange Commission on July 10, 2012.
About Aemetis
Headquartered in Cupertino, California, Aemetis produces advanced fuels. Aemetis operates a 55 million gallon biofuels plant in California, and built and operates a nameplate 50 million gallon per year renewable chemicals and advanced fuels production facility on the east coast of India. In 2011, Aemetis received a California Energy Commission grant to commercialize technology that enables the production of advanced biofuels from both non-food and traditional feedstocks. For additional information about Aemetis, please visit
www.aemetis.com
.
Forward Looking Statements
The information contained herein includes forward-looking statements related to future events. Statements regarding future events are based on current expectations and are necessarily subject to associated risks related to, among other things, the ability of the company to adequately protect our technologies, intellectual property and product candidates, the availability of resources used for industrial production, and the ability of the company to successfully execute our business plan and our ability to navigate governmental policy and regulation. Actual results may differ materially from those in the projections or other forward-looking statements made herein. For information regarding other related risks, please see the "Risk Factors" section of the company's filings with the SEC.
###
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"Biorefinery",
"CUPERTINO",
",",
"Calif",
".",
"-",
"July",
"10",
",",
"2012",
"-",
"Aemetis",
",",
"Inc",
".",
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"OTCPK",
":",
"AMTX",
")",
",",
"an",
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"chemicals",
"company",
",",
"announced",
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"Cilion",
",",
"Inc",
".",
",",
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"(",
"mgy",
")",
"ethanol",
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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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",",
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".",
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"'",
"plans",
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"infrastructure",
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"-",
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"refinery",
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"biofuels",
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"feed",
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".",
"I",
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",",
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",",
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".",
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",",
"Aemetis",
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"Zymetis",
",",
"Inc",
".",
",",
"a",
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"company",
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"a",
"patented",
"organism",
"that",
"enables",
"the",
"production",
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"renewable",
"advanced",
"biofuels",
"and",
"biochemicals",
".",
"\"",
"The",
"acquisition",
"of",
"the",
"Keyes",
"plant",
"accelerates",
"our",
"plan",
"to",
"expand",
"this",
"world",
"-",
"class",
"ethanol",
"production",
"facility",
"into",
"a",
"next",
"-",
"generation",
"bio",
"refinery",
"capable",
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"renewable",
"fuels",
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"\"",
",",
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"Eric",
"McAfee",
",",
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"and",
"CEO",
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"Aemetis",
".",
"In",
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"acquisition",
",",
"Third",
"Eye",
"Capital",
",",
"Aemetis",
"'",
"existing",
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"lender",
",",
"provided",
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"$",
"15 million",
"term",
"loan",
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"an",
"$",
"18 million",
"working",
"capital",
"financing",
"facility",
"to",
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"provide",
"ongoing",
"working",
"capital",
".",
"--",
"more",
"-",
"1",
"Aemetis",
"Announces",
"Acquisition",
"of",
"Cilion",
"Page",
"Two",
"\"",
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"substantial",
"ongoing",
"commitment",
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"Aemetis",
"is",
"demonstrative",
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"our",
"belief",
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"the",
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"quality",
"assets",
"and",
"first",
"-",
"class",
"team",
"built",
"under",
"Eric",
"McAfee",
"'s",
"leadership",
"\"",
",",
"said",
"Arif",
"Bhalwani",
",",
"President",
"and",
"CEO",
"of",
"Third",
"Eye",
"Capital",
".",
"\"",
"The",
"acquisition",
"of",
"the",
"Keyes",
"plant",
"will",
"allow",
"Aemetis",
"to",
"accelerate",
"the",
"next",
"phase",
"of",
"its",
"renewable",
"fuels",
"and",
"chemicals",
"strategy",
"\"",
".",
"Specific",
"details",
"of",
"the",
"Cilion",
"acquisition",
"can",
"be",
"found",
"in",
"the",
"Form",
"8",
"-",
"K",
"filed",
"by",
"Aemetis",
"with",
"the",
"Securities",
"and",
"Exchange",
"Commission",
"on",
"July",
"10",
",",
"2012",
".",
"About",
"Aemetis",
"Headquartered",
"in",
"Cupertino",
",",
"California",
",",
"Aemetis",
"produces",
"advanced",
"fuels",
".",
"Aemetis",
"operates",
"a",
"55 million",
"gallon",
"biofuels",
"plant",
"in",
"California",
",",
"and",
"built",
"and",
"operates",
"a",
"nameplate",
"50 million",
"gallon",
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"year",
"renewable",
"chemicals",
"and",
"advanced",
"fuels",
"production",
"facility",
"on",
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"east",
"coast",
"of",
"India",
".",
"In",
"2011",
",",
"Aemetis",
"received",
"a",
"California",
"Energy",
"Commission",
"grant",
"to",
"commercialize",
"technology",
"that",
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"the",
"production",
"of",
"advanced",
"biofuels",
"from",
"both",
"non",
"-",
"food",
"and",
"traditional",
"feedstocks",
".",
"For",
"additional",
"information",
"about",
"Aemetis",
",",
"please",
"visit",
"www.aemetis.com",
".",
"Forward",
"Looking",
"Statements",
"The",
"information",
"contained",
"herein",
"includes",
"forward",
"-",
"looking",
"statements",
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"future",
"events",
".",
"Statements",
"regarding",
"future",
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"and",
"are",
"necessarily",
"subject",
"to",
"associated",
"risks",
"related",
"to",
",",
"among",
"other",
"things",
",",
"the",
"ability",
"of",
"the",
"company",
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"adequately",
"protect",
"our",
"technologies",
",",
"intellectual",
"property",
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"candidates",
",",
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",",
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"business",
"plan",
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"our",
"ability",
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"governmental",
"policy",
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"regulation",
".",
"Actual",
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"in",
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"or",
"other",
"forward",
"-",
"looking",
"statements",
"made",
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"other",
"related",
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",",
"please",
"see",
"the",
"\"",
"Risk",
"Factors",
"\"",
"section",
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"the",
"company",
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"O",
"O",
"O",
"O",
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"O",
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] |
1283630-000115752305003049-a4856529ex991 | EX-99.1
2
a4856529ex991.txt
AMERICAN CAMPUS COMMUNITIES, INC. EXHIBIT 99.1
Exhibit 99.1
American Campus Communities Closes on Seventh Acquisition During the First
Quarter
AUSTIN, Texas--(BUSINESS WIRE)--March 30, 2005--American Campus Communities
Inc. (NYSE:ACC) today announced that it has completed the previously announced
acquisition of The Exchange at Gainesville, a 1,044-bed student housing
community serving students attending the University of Florida campus in
Gainesville, Florida.
"This asset, which is located just a quarter of a mile from campus, fits
our investment criteria, which focuses on developing and acquiring high-quality
assets in close proximity to major universities", said Bill Bayless, ACC chief
executive officer. "We are also pleased with the successful implementation of
our growth plan, with this being the seventh property we have acquired this
quarter, representing over $120 million in acquisitions".
The Exchange at Gainesville features all private bedroom and private
bathroom accommodations that feature high speed Internet, cable and voice in
each bedroom. The community also features extensive amenities with two pools,
including a large resort-style swimming pool with water basketball, water
volleyball and a large sun deck. Other amenities include a large clubhouse with
a fully equipped fitness center, game room, computer lab, club room and tanning
bed. The community offers pedestrian, bicycle and bus service to the campus.
Additional on-site amenities include barbeque grills, a basketball court and a
sand volleyball court.
About American Campus Communities Inc.
American Campus Communities Inc. is one of the largest publicly traded
REITs focused solely on student housing in the United States. American Campus
Communities is a fully integrated, self-managed and self-administered equity
REIT with expertise in the acquisition, design, finance, development,
construction management, and leasing and management of student housing
properties. The company owns and manages 24 high-quality student housing
properties containing approximately 15,600 beds. Including its owned properties,
the company manages 43 student housing properties, representing approximately
26,900 beds.
Forward-Looking Statements
This release contains forward-looking statements, which express the current
beliefs and expectations of management. Such statements are based on current
expectations and involve a number of known and unknown risks and uncertainties
that could cause our future results, performance or achievements to differ
significantly from the results, performance or achievements expressed or implied
by such forward-looking statements. Forward-looking statements speak only as of
the date on which they are made, and we undertake no obligation to update
publicly or revise any forward-looking statement, whether as a result of new
information, future development or otherwise.
For more information please go to the company website, at
www.americancampuscommunities.com.
CONTACT: American Campus Communities Inc., Austin
Mark Hager, 512-732-1000
or
The Financial Relations Board
Georganne Palffy, 312-640-6768
| [
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"About",
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"Inc",
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"American",
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"Inc",
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"For",
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"please",
"go",
"to",
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"company",
"website",
",",
"at",
"www.americancampuscommunities.com",
".",
"CONTACT",
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"American",
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"1000",
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"-",
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"O",
"O",
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"O",
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1386041-000135601809000003-exhib991 | EX-99.1
5
exhib991.htm
PRESS RELEASE - DECEMBER 31, 2008
exhib991.htm
Exhibit
99.1
Capital
City
Energy Group Completes Acquisition of Hotwell Services Inc
.
Accretive
Acquisition expected to be a significant contributor to 2009
Earnings
COLUMBUS,
Ohio -Capital City Energy Group, Inc. (OTCBB: CETG) or "Capital City" announced
that as of December 31, 2008 it has completed the acquisition of Hotwell
Services Inc., or "Hotwell" an emerging oilfield service company operating in
the Appalachian Basin. Capital City purchased Hotwell for $5 million (USD),
through the issuance of 2.78 million shares of restricted common stock valued at
$1.80 per share. Based on current projections, Hotwell could add an additional
$2,000,000 in gross revenue per month and $700,000 per month in net cash flow
for 2009.
The
acquisition establishes CETG as a preferred provider of horizontal logging and
well completion services, the optimal method of hydrocarbon extraction for the
much publicized, domestic natural gas play, the Marcellus Shale. Most
importantly, the management acquired through the acquisition of Hotwell are some
of the Appalachian Basin's most talented and respected field services
professionals. The strategic purchase provides the requisite infrastructure to
support the Company's aggressive growth plan in the Appalachian Basin, and
specifically in the prolific Marcellus Shale formation, through its locations in
Delmont, Pennsylvania and Clarksburg, West Virginia. The Company
anticipates launching four additional bases of field services operations in the
Basin during fiscal year 2009 to service the extensive backlog of existing
clients as well as the Company's previously announced E&P
activities.
"We
believe the acquisition of Hotwell Services Inc. will significantly accelerate
the Company's financial prospects and positions it as a rapidly growing provider
of energy field services, specifically within the Appalachian Basin", said
Timothy Crawford, CEO of Capital City Energy Group. "In addition to expanding
geographically, the transaction brings an experienced and accomplished
management team led by Joseph Sites. We welcome all of the stakeholders of
Hotwell to the Capital City family".
In
connection with the transaction, Mr. Sites, founder of Hotwell Services, was
named to the position of Executive Vice President of the parent Company Capital
City Energy Group, Inc. and has been appointed to the Company's Board of
Directors. Mr. Sites will also remain the President of Hotwell Services, Inc.
which will continue to operate under its current name along with its existing
management team and field services personnel. Throughout his professional
career, Mr. Sites has been routinely recognized as a leader in service quality
and safety - the two cornerstones of successful oilfield
operations.
About
Capital City Energy Group Inc.
Based in
Columbus, Ohio, Capital City is a diversified oil and natural gas company with
three separate divisions. Capital City has evolved from being an innovative
leader in the design, management and sponsorship of retail and institutional
direct participation energy programs to become one of the few vertically
integrated independent oil and natural gas companies, which is publicly-traded.
Its strategy is to continue to grow a portfolio of core areas which provide
growth opportunities through drilling, operating, oil field service companies,
acquisitions and fund management.
About
Hotwell Services Inc.
Based in
Delmont, Pa. and Clarksburg, W.Va., Hotwell Services Inc. is a full service
wireline company servicing the northeast region of the U.S. The company provides
industry-leading technology and ensures data quality for formation evaluation
(lithodensity, nuclear, resistivity) and cased hole evaluation (pulsed neutron,
production logging strings). The company's strategy is to build the newest,
state-of-the-art fleet of cranes, pressure equipment and wireline trucks and
furnish the operating companies with the most experienced and trained engineers
with an average of 20 years local experience with independent and major
engineers.
"Investing
in America's Energy Future"™
Visit
Capital City Energy Group at
http://www.capcityenergy.com.
Safe
Harbor Statement
Investors
and readers are cautioned that certain statements contained in this document, as
well as some statements in periodic press releases and some oral statements of
our officers and directors during presentations about our energy funds, along
with Capital City Energy Group's filings with the Securities and Exchange
Commission, including the Company's registration statements, quarterly reports
on Form 10-Q and annual report on Form 10-KSB, are "forward-looking" statements
within the meaning of the Private Securities Litigation Reform Act of 1995 (the
"Act"). Forward-looking statements include statements that are predictive in
nature, which depend upon or refer to future events or conditions, which include
words such as "expects", "anticipates", "intends", "plans", "could", "might",
"believes", "seeks", "estimates" or similar expressions. In addition, any
statements concerning future financial performance (including future revenues,
earnings or growth rates), ongoing business strategies or prospects, and
possible future actions, which may be provided by the Company's management, are
also forward-looking statements as defined by the Act. Forward-looking
statements are based on current expectations and projections about future events
and are subject to various risks, uncertainties and assumptions about Capital
City Energy Group, its technology, economic and market factors and the
industries in which the Company does business, among other things. These
statements are not guarantees of future performance and Capital City Energy
Group, Inc. undertakes no specific obligation or intention to update these
statements after the date of this release
Contact: Tim Crawford
Capital City Energy Group
614.310.1614
tcrawford@capcityenergy.com
#
# #
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"in",
"the",
"Basin",
"during",
"fiscal",
"year",
"2009",
"to",
"service",
"the",
"extensive",
"backlog",
"of",
"existing",
"clients",
"as",
"well",
"as",
"the",
"Company",
"'s",
"previously",
"announced",
"E",
"&",
"P",
"activities",
".",
"\"",
"We",
"believe",
"the",
"acquisition",
"of",
"Hotwell",
"Services",
"Inc",
".",
"will",
"significantly",
"accelerate",
"the",
"Company",
"'s",
"financial",
"prospects",
"and",
"positions",
"it",
"as",
"a",
"rapidly",
"growing",
"provider",
"of",
"energy",
"field",
"services",
",",
"specifically",
"within",
"the",
"Appalachian",
"Basin",
"\"",
",",
"said",
"Timothy",
"Crawford",
",",
"CEO",
"of",
"Capital",
"City",
"Energy",
"Group",
".",
"\"",
"In",
"addition",
"to",
"expanding",
"geographically",
",",
"the",
"transaction",
"brings",
"an",
"experienced",
"and",
"accomplished",
"management",
"team",
"led",
"by",
"Joseph",
"Sites",
".",
"We",
"welcome",
"all",
"of",
"the",
"stakeholders",
"of",
"Hotwell",
"to",
"the",
"Capital",
"City",
"family",
"\"",
".",
"In",
"connection",
"with",
"the",
"transaction",
",",
"Mr",
".",
"Sites",
",",
"founder",
"of",
"Hotwell",
"Services",
",",
"was",
"named",
"to",
"the",
"position",
"of",
"Executive",
"Vice",
"President",
"of",
"the",
"parent",
"Company",
"Capital",
"City",
"Energy",
"Group",
",",
"Inc",
".",
"and",
"has",
"been",
"appointed",
"to",
"the",
"Company",
"'s",
"Board",
"of",
"Directors",
".",
"Mr",
".",
"Sites",
"will",
"also",
"remain",
"the",
"President",
"of",
"Hotwell",
"Services",
",",
"Inc",
".",
"which",
"will",
"continue",
"to",
"operate",
"under",
"its",
"current",
"name",
"along",
"with",
"its",
"existing",
"management",
"team",
"and",
"field",
"services",
"personnel",
".",
"Throughout",
"his",
"professional",
"career",
",",
"Mr",
".",
"Sites",
"has",
"been",
"routinely",
"recognized",
"as",
"a",
"leader",
"in",
"service",
"quality",
"and",
"safety",
"-",
"the",
"two",
"cornerstones",
"of",
"successful",
"oilfield",
"operations",
".",
"About",
"Capital",
"City",
"Energy",
"Group",
"Inc",
".",
"Based",
"in",
"Columbus",
",",
"Ohio",
",",
"Capital",
"City",
"is",
"a",
"diversified",
"oil",
"and",
"natural",
"gas",
"company",
"with",
"three",
"separate",
"divisions",
".",
"Capital",
"City",
"has",
"evolved",
"from",
"being",
"an",
"innovative",
"leader",
"in",
"the",
"design",
",",
"management",
"and",
"sponsorship",
"of",
"retail",
"and",
"institutional",
"direct",
"participation",
"energy",
"programs",
"to",
"become",
"one",
"of",
"the",
"few",
"vertically",
"integrated",
"independent",
"oil",
"and",
"natural",
"gas",
"companies",
",",
"which",
"is",
"publicly",
"-",
"traded",
".",
"Its",
"strategy",
"is",
"to",
"continue",
"to",
"grow",
"a",
"portfolio",
"of",
"core",
"areas",
"which",
"provide",
"growth",
"opportunities",
"through",
"drilling",
",",
"operating",
",",
"oil",
"field",
"service",
"companies",
",",
"acquisitions",
"and",
"fund",
"management",
".",
"About",
"Hotwell",
"Services",
"Inc",
".",
"Based",
"in",
"Delmont",
",",
"Pa",
".",
"and",
"Clarksburg",
",",
"W",
".",
"Va",
".",
",",
"Hotwell",
"Services",
"Inc",
".",
"is",
"a",
"full",
"service",
"wireline",
"company",
"servicing",
"the",
"northeast",
"region",
"of",
"the",
"U",
".",
"S",
".",
"The",
"company",
"provides",
"industry",
"-",
"leading",
"technology",
"and",
"ensures",
"data",
"quality",
"for",
"formation",
"evaluation",
"(",
"litho",
"density",
",",
"nuclear",
",",
"resistivity",
")",
"and",
"cased",
"hole",
"evaluation",
"(",
"pulsed",
"neutron",
",",
"production",
"logging",
"strings",
")",
".",
"The",
"company",
"'s",
"strategy",
"is",
"to",
"build",
"the",
"newest",
",",
"state",
"-",
"of",
"-",
"the",
"-",
"art",
"fleet",
"of",
"cranes",
",",
"pressure",
"equipment",
"and",
"wireline",
"trucks",
"and",
"furnish",
"the",
"operating",
"companies",
"with",
"the",
"most",
"experienced",
"and",
"trained",
"engineers",
"with",
"an",
"average",
"of",
"20",
"years",
"local",
"experience",
"with",
"independent",
"and",
"major",
"engineers",
".",
"\"",
"Investing",
"in",
"America",
"'s",
"Energy",
"Future",
"\"",
"™",
"Visit",
"Capital",
"City",
"Energy",
"Group",
"at",
"http://www.capcityenergy.com",
".",
"Safe",
"Harbor",
"Statement",
"Investors",
"and",
"readers",
"are",
"cautioned",
"that",
"certain",
"statements",
"contained",
"in",
"this",
"document",
",",
"as",
"well",
"as",
"some",
"statements",
"in",
"periodic",
"press",
"releases",
"and",
"some",
"oral",
"statements",
"of",
"our",
"officers",
"and",
"directors",
"during",
"presentations",
"about",
"our",
"energy",
"funds",
",",
"along",
"with",
"Capital",
"City",
"Energy",
"Group",
"'s",
"filings",
"with",
"the",
"Securities",
"and",
"Exchange",
"Commission",
",",
"including",
"the",
"Company",
"'s",
"registration",
"statements",
",",
"quarterly",
"reports",
"on",
"Form",
"10",
"-",
"Q",
"and",
"annual",
"report",
"on",
"Form",
"10",
"-",
"KSB",
",",
"are",
"\"",
"forward",
"-",
"looking",
"\"",
"statements",
"within",
"the",
"meaning",
"of",
"the",
"Private",
"Securities",
"Litigation",
"Reform",
"Act",
"of",
"1995",
"(",
"the",
"\"",
"Act",
"\"",
")",
".",
"Forward",
"-",
"looking",
"statements",
"include",
"statements",
"that",
"are",
"predictive",
"in",
"nature",
",",
"which",
"depend",
"upon",
"or",
"refer",
"to",
"future",
"events",
"or",
"conditions",
",",
"which",
"include",
"words",
"such",
"as",
"\"",
"expects",
"\"",
",",
"\"",
"anticipates",
"\"",
",",
"\"",
"intends",
"\"",
",",
"\"",
"plans",
"\"",
",",
"\"",
"could",
"\"",
",",
"\"",
"might",
"\"",
",",
"\"",
"believes",
"\"",
",",
"\"",
"seeks",
"\"",
",",
"\"",
"estimates",
"\"",
"or",
"similar",
"expressions",
".",
"In",
"addition",
",",
"any",
"statements",
"concerning",
"future",
"financial",
"performance",
"(",
"including",
"future",
"revenues",
",",
"earnings",
"or",
"growth",
"rates",
")",
",",
"ongoing",
"business",
"strategies",
"or",
"prospects",
",",
"and",
"possible",
"future",
"actions",
",",
"which",
"may",
"be",
"provided",
"by",
"the",
"Company",
"'s",
"management",
",",
"are",
"also",
"forward",
"-",
"looking",
"statements",
"as",
"defined",
"by",
"the",
"Act",
".",
"Forward",
"-",
"looking",
"statements",
"are",
"based",
"on",
"current",
"expectations",
"and",
"projections",
"about",
"future",
"events",
"and",
"are",
"subject",
"to",
"various",
"risks",
",",
"uncertainties",
"and",
"assumptions",
"about",
"Capital",
"City",
"Energy",
"Group",
",",
"its",
"technology",
",",
"economic",
"and",
"market",
"factors",
"and",
"the",
"industries",
"in",
"which",
"the",
"Company",
"does",
"business",
",",
"among",
"other",
"things",
".",
"These",
"statements",
"are",
"not",
"guarantees",
"of",
"future",
"performance",
"and",
"Capital",
"City",
"Energy",
"Group",
",",
"Inc",
".",
"undertakes",
"no",
"specific",
"obligation",
"or",
"intention",
"to",
"update",
"these",
"statements",
"after",
"the",
"date",
"of",
"this",
"release",
"Contact",
":",
"Tim",
"Crawford",
"Capital",
"City",
"Energy",
"Group",
"614",
".",
"310",
".",
"1614",
"tcrawford@capcityenergy.com",
"#",
"#",
"#"
] | [
"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",
"O",
"O",
"O",
"O",
"O",
"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",
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"O",
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"O",
"O",
"O",
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"O",
"O",
"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",
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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",
"O",
"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",
"O",
"O",
"O",
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"O",
"O",
"O",
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"O",
"O",
"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",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"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",
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"O",
"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",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"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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1127242-000114420404020838-v09481_ex99-1 | EX-99.1
8
v09481_ex99-1.txt
EXHIBIT 99.1
BIB HOLDINGS COMPLETES TRANSACTION WITH INCODE CORPORATION
New Jersey, November 30, 2004 - BIB Holdings Ltd. ("BIB") (OTCBB: BIBO), today
announced the completion of a merger by its subsidiary, BIB Acquisition, Inc.,
with and into Incode Corporation ("Incode"), a privately held technology
services company whose business model is the acquisition, development and
commercialization of innovative subscription-based eBusinesses.
Simultaneously with the completion of the Incode merger, BIB disposed of its
apparel division, BIB Ltd., and all of its assets in return for the assumption
by the purchaser of all of its liabilities. The spin-off of the apparel division
increased the Company's relative working capital position by about $880,000 and
decreased the Company's total liabilities by about $2.7 million, which is the
equivalent of about $0.013 per common share.
James Grainer, Incode's president and chief financial officer, said "we are
thrilled to have completed these transactions and we look forward with great
anticipation to scaling our model. We believe that a public platform will give
us competitive advantages relative to the acquisition and development of our
intended portfolio of successful eBusinesses".
Incode's goal is to sequentially develop numerous subscription-based eBusinesses
that are capable of generating recurring revenue streams and above-average
operating margins. Its tactical plan is to develop and/or acquire these
businesses sequentially, driving each to critical mass and leveraging their
respective earnings into the continued development of additional
subscription-based eBusinesses. The first of these eBusinesses will be in the
lucrative online personals industry.
In connection with the completion of the relevant agreements, the Company issued
one million shares of its Series A preferred stock. Each share of Series A
preferred stock is entitled to four hundred votes at any meeting of the
Company's shareholders, and is convertible into two hundred shares of common
stock at any time after December 31, 2005.
ABOUT INCODE CORPORATION
Incode was founded to acquire, develop and commercialize innovative and
profitable subscription-based eBusinesses in the online dating, information,
retail, industrial, and financial services sectors. Incode recently announced
its plans to acquire an industrial services subscription portal, several online
dating services, and to develop a streaming financial and market information
service in connection with the merger with BIB. Additional information is
available online at www.incodetech.com.
SAFE HARBOR STATEMENT
This press release contains statements, which may constitute "forward-looking
statements" within the meaning of the Securities Act of 1933 and the Securities
Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act
of 1995. Those statements include statements regarding the intent, belief or
current expectations of BIB Holdings Ltd., and members of their management as
well as the assumptions on which such statements are based. Prospective
investors are cautioned that any such forward-looking statements are not
guarantees of future performance and involve risks and uncertainties, and that
actual results may differ materially from those contemplated by such
forward-looking statements. Important factors currently known to management that
could cause actual results to differ materially from those in forward-statements
include fluctuation of operating results, the ability to compete successfully
and the ability to complete before-mentioned transactions. 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.
| [
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"BIB",
"HOLDINGS",
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",",
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"anticipation",
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".",
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"platform",
"will",
"give",
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"advantages",
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"tactical",
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"businesses",
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"ABOUT",
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"Incode",
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"Additional",
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"SAFE",
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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",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O"
] |
3673-000000367305000026-ovec_pressrelease | EX-99
2
ovec_pressrelease.htm
PRESS RELEASE
Media, contact:
Fred Solomon
Manager, Corporate Communications
800 Cabin Hill Drive
Greensburg, PA 15601-1689
Phone: (724) 838-6650
Media Hotline: 1 888 233-3583
E-Mail:
fsolomo@alleghenyenergy.com
Investor contact:
Max Kuniansky
Executive Director, Investor Relations
and Corporate Communications
800 Cabin Hill Drive
Greensburg, PA 15601-1689
Phone: (724) 838-6895
E-Mail:
mkunian@alleghenyenergy.com
FOR IMMEDIATE RELEASE
Allegheny Energy
Completes Sale of Interest in Ohio Valley Electric Corporation
Greensburg, Pa., December 31, 2004
-
Allegheny Energy, Inc.
(NYSE:AYE)
and its subsidiary, Allegheny Energy
Supply Company, LLC, today announced that they have completed the sale of their equity
interest and power rights in the Ohio Valley Electric Corporation (OVEC). Cash proceeds
from the sale total $102 million.
"Selling this non-strategic
asset completes another step in restoring Allegheny Energy's financial
strength", said Paul J. Evanson, Chairman, President and Chief Executive Officer of
Allegheny Energy. "We made good progress toward our goals in 2004, and we're on
track to achieve our objective of reducing debt by $1.5 billion by year-end 2005".
The buyer, Buckeye Power Generating,
LLC, acquired a nine percent equity interest in OVEC and associated power rights.
Allegheny Energy Supply will retain the rights to nine percent of OVEC's power output
until March 12, 2006.
Several electric utilities in the
Ohio Valley region own OVEC, which has two coal-fired power plants - Kyger Creek
(1,028 megawatts) in Cheshire, Ohio, and Clifty Creek (1,228 megawatts) in Madison,
Indiana. Allegheny Energy and its Monongahela Power Company subsidiary own a 3.5 percent
equity interest and power rights in OVEC, which are not included in the Buckeye
transaction.
Buckeye is an affiliate of Buckeye
Power, Inc., of Columbus, Ohio. Buckeye Power, Inc. is a generation and transmission
cooperative supplying power and energy to its member electric distribution cooperatives in
Ohio. The cooperatives' certified service territory covers nearly 40 percent of the
land area in the state, in portions of 77 of Ohio's 88 counties. They serve more than
360,000 homes, farms, businesses and industries. More information about Buckeye Power is
available at www.buckeyepower.com.
Allegheny Energy
Headquartered in Greensburg, Pa.,
Allegheny Energy is an energy company consisting of two major businesses: Allegheny Energy
Supply, which owns and operates electric generating facilities, and Allegheny Power, which
delivers low-cost, reliable electric service to customers in Pennsylvania, West Virginia,
Maryland, Virginia and Ohio. More information about Allegheny Energy is available at
www.alleghenyenergy.com
.
Forward-Looking
Statements
In addition to historical
information, this release contains a number of "forward-looking statements" as
defined in the Private Securities Litigation Reform Act of 1995. Words such as anticipate,
expect, project, intend, plan, believe, and words and terms of similar substance used in
connection with any discussion of future plans, actions, or events identify
forward-looking statements. These include statements with respect to:
regulation and the status of retail generation service supply competition in states served
by Allegheny Energy's delivery business, Allegheny Power; the closing of various
agreements; execution of restructuring activity and liquidity enhancement plans; results
of litigation; financing and plans; demand for energy and the cost and availability of
inputs; demand for products and services; capacity purchase commitments; results of
operations; capital expenditures; regulatory matters; internal controls and procedures and
accounting issues; and stockholder rights plans. Forward-looking statements involve
estimates, expectations, and projections and, as a result, are subject to risks and
uncertainties. There can be no assurance that actual results will not
materially differ from expectations. Factors that could cause actual results to
differ materially include, among others, the following: execution of restructuring
activity and liquidity enhancement plans; complications or other factors that render it
difficult or impossible to obtain necessary lender consents or regulatory authorizations
on a timely basis; general economic and business conditions; changes in access to capital
markets; the continuing effects of global instability, terrorism, and war; changes in
industry capacity, development, and other activities by Allegheny's competitors;
changes in the weather and other natural phenomena; changes in technology; changes in the
price of power and fuel for electric generation; the results of regulatory proceedings,
including those related to rates; changes in the underlying inputs, including market
conditions, and assumptions used to estimate the fair values of commodity contracts;
changes in laws and regulations applicable to Allegheny, its markets, or its activities;
environmental regulations; the loss of any significant customers and suppliers; the effect
of accounting policies issued periodically by accounting standard-setting bodies;
additional collateral calls; and changes in business strategy, operations, or development
plans. Additional risks and uncertainties are identified and discussed in Allegheny
Energy's reports filed with the Securities and Exchange Commission.
-###-
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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",
"B-Parties.SELLING_COMPANY",
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"B-Parties.SELLING_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",
"O",
"O",
"O",
"O",
"B-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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1519177-000165495420013021-sola_ex99-3 | EX-99.3
6
sola_ex99-3.htm
PRESS RELEASE
sola_ex99-3
Exhibit 99.3
Sollensys
Corp Completes Acquisition of Eagle Lake Laboratories,
Inc.
PALM BAY, FL / ACCESSWIRE / November 30,
2020 / Sollensys Corp. (OTC PINK: SOLS) Sollensys Corp today announced the
completion of its transaction to acquire Eagle Lake Laboratories,
Inc.
"We
are very pleased to reach this milestone of combining the Eagle
Lake and Sollensys teams into one family. There is some very
important work ahead of us as we strive to deliver on the vast
potential that blockchain technology has to offer", said Don
Beavers, CEO of Sollensys Corp.
Mr. Beavers
continues, "Together the two companies bring together the
resources to provide improved cybersecurity opportunities around
the world through our continuing efforts to keep our clients data
safe. As ransomware and other malware attacks become increasingly
common, Sollensys Corp. stands ready to answer our client's
needs. Today's transaction creates real synergy as it
provides a more transparent business structure, benefiting clients
and shareholders alike".
As a result
of the merger, Eagle Lakes Laboratories, Inc. has become a wholly
owned subsidiary of Sollensys Corp.
More
details are available on the company website.
ABOUT
SOLLENSYS CORP.
Sollensys
Corp. is a U.S. based, public company specializing in data
management and preparation. The Sollensys Corp. team is comprised
of academics, PhDs and industry experts with decades of data
security management experience. Sollensys Corp. manufactures the
Blockchain Archive ServerTM that maintains a redundant, immutable
backup of data. In this innovative product, redundant backups and
block chains work together to assure not only the physical security
of the database but also the integrity of the information held
within. Uniquely, the Blockchain Archive ServerTM works with the
client's existing equipment without the need to replace or
eliminate any part of the client's data security already in place.
The Blockchain Archive ServerTM is compatible with virtually all
hardware and software combinations currently in
use.
The
Company's Blockchain Archive ServerTM encrypts, fragments and
distributes data across thousands of secure nodes every day, which
makes it virtually impossible for hackers to compromise. The
product is a turn-key solution that can stand alone or seamlessly
integrate into an existing data infrastructure to quickly recover
from a cyber-attack. We believe that Sollensys Corp. is positioned
to become a leader in commercial blockchain applications due to its
technology's low cost and short time to implement, which is far
less than existing solutions.
Forward-Looking
Statements: Certain information in this press release relating to
the Company contains forward-looking statements. All statements
other than statements of historical facts included herein are
forward-looking statements. In some cases, forward-looking
statements can be identified by words such as "believe", "expect,"
"anticipate", "plan", "potential", "continue" or similar
expressions. Such forward-looking statements include risks and
uncertainties, and there are important factors that could cause
actual results to differ materially from those expressed or implied
by such forward-looking statements. Readers should not place any
undue reliance on forward-looking statements since they involve
known and unknown, uncertainties and other factors which are, in
some cases, beyond the Company's control which could, and likely
will, materially affect actual results, levels of activity,
performance or achievements. Any forward-looking statement reflects
the Company's current views with respect to future events and is
subject to these and other risks, uncertainties and assumptions
relating to operations, results of operations, growth strategy and
liquidity. The Company is under no obligation (and expressly
disclaim any such obligation) to publicly update or revise these
forward-looking statements for any reason, or to update the reasons
actual results could differ materially from those anticipated in
these forward-looking statements, even if new information becomes
available in the future.
Investor
Relations:
Sollensys
Corp.
866.438.7657
www.sollensys.com
info@sollensys.com
https://business.facebook.com/Sollensys/
https://www.linkedin.com/company/sollensys-corp/
SOURCE: Sollensys Corp.
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1161154-000116115418000022-ex991pressrelease040318 | EX-99.1
4
ex991pressrelease040318.htm
EXHIBIT 99.1
Exhibit
USA Compression Partners and Energy Transfer Complete
Previously Announced Transactions
Austin and Dallas, Texas, April 2, 2018 - USA Compression Partners, LP (NYSE: USAC) ("USAC"), Energy Transfer Partners, L.P. (NYSE: ETP) ("ETP") and Energy Transfer Equity, L.P. (NYSE: ETE) ("ETE") today announced that USAC has (i) completed its previously announced acquisition of the CDM compression business ("CDM") from ETP, in exchange for $1.232 billion in cash (including customary closing adjustments), approximately 19.2 million USAC common units and approximately 6.4 million USAC Class B units, and (ii) cancelled its incentive distribution rights and converted its economic general partner interest into a non-economic general partner interest, in exchange for the issuance to its general partner of 8.0 million USAC common units. The USAC Class B units issued to ETP will not pay quarterly cash distributions for the first four quarters following closing and will convert into USAC common units on a one-for-one basis after such time. USAC funded the cash consideration for the transaction with proceeds from the issuance in private placements of preferred units and senior notes, and borrowings under its revolving credit facility.
In addition to the above transactions, ETE completed its acquisition of USAC's general partner and approximately 12.5 million USAC common units from USA Compression Holdings, LLC in exchange for $250 million in cash.
CDM currently owns and operates approximately 1.6 million horsepower of natural gas compression and is focused primarily on large horsepower applications. The acquisition of CDM is expected to provide significant benefits for USAC unitholders as the combined business will have increased geographic coverage and will be one of the leading domestic compression providers. The acquisition further expands USAC's geographic presence into regions where USAC was previously underrepresented and results in USAC having broad coverage across U.S. regions. As part of its overall service offerings, CDM also provides a full range of gas treating and emissions testing services. CDM's treating activities are complementary to USAC's growing station services offerings, in which USAC provides turnkey gas handling solutions for customers. With over 70% of horsepower greater than 1,000 horsepower and an average unit size of approximately 700 horsepower, the CDM fleet has an average age of approximately 7 years and a current operating utilization rate of over 90%. On a pro forma combined basis, USAC owns and operates a compression fleet of approximately 3.4 million horsepower.
The transaction is expected to strengthen ETP's balance sheet by allowing ETP to use the cash proceeds from the transactions to reduce leverage.
ABOUT THE PARTNERSHIPS
USA Compression Partners, LP (NYSE: USAC) is a growth-oriented Delaware limited partnership that is one of the nation's largest independent providers of compression services in terms of total compression unit horsepower. USAC partners with a broad customer base composed of producers, processors, gatherers and transporters of natural gas. USAC focuses on providing compression services to infrastructure applications primarily in high volume gathering systems, processing facilities and transportation applications. More information is available at www.usacompression.com.
Energy Transfer Equity, L.P. (NYSE: ETE) is a master limited partnership that owns the general partner and 100% of the incentive distribution rights (IDRs) of Energy Transfer Partners, L.P. (NYSE: ETP) and Sunoco LP (NYSE: SUN). ETE also owns Lake Charles LNG Company. On a consolidated basis, ETE's family of companies owns and operates a diverse portfolio of natural gas, natural gas liquids, crude oil and refined products assets, as well as retail and wholesale motor fuel operations and LNG terminalling. For more information, visit the Energy Transfer Equity, L.P. website at www.energytransfer.com.
Energy Transfer Partners, L.P. (NYSE: ETP) is a master limited partnership that owns and operates one of the largest and most diversified portfolios of energy assets in the United States. Strategically positioned in all of the major U.S. production basins, ETP owns and operates a geographically diverse portfolio of complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (NGL) and refined product transportation and
terminalling assets; NGL fractionation assets; and various acquisition and marketing assets. ETP's general partner is owned by Energy Transfer Equity, L.P. (NYSE: ETE). For more information, visit the Energy Transfer Partners, L.P. website at www.energytransfer.com.
FORWARD-LOOKING STATEMENTS
This press release includes "forward-looking" statements. Forward-looking statements are identified as any statement that does not relate strictly to historical or current facts. Statements using words such as "anticipate", "believe", "intend", "project", "plan", "expect", "continue", "estimate", "goal", "forecast", "may" or similar expressions help identify forward-looking statements. ETE, ETP and USAC cannot give any assurance that expectations and projections about future events will prove to be correct. Forward-looking statements are subject to a variety of risks, uncertainties and assumptions. These risks and uncertainties include the risks that the benefits contemplated by the transactions may not be realized. Additional risks include: the potential impact of the consummation of the transactions on relationships, including with employees, suppliers, customers, competitors and credit rating agencies, the ability to achieve revenue, DCF and EBITDA growth, and volatility in the price of oil, natural gas, and natural gas liquids. Actual results and outcomes may differ materially from those expressed in such forward-looking statements. These and other risks and uncertainties are discussed in more detail in filings made by ETE, ETP and USAC with the Securities and Exchange Commission, which are available to the public. ETE, ETP and USAC undertake no obligation to update publicly or to revise any forward-looking statements, whether as a result of new information, future events or otherwise.
The information contained in this press release is available at www.energytransfer.com and www.usacompression.com.
USAC Investor Contact:
Matt Liuzzi
Chief Financial Officer
(512) 369-1624
mliuzzi@usacompression.com
Energy Transfer Contacts:
Investor Relations:
Helen Ryoo
Lyndsay Hannah
Brent Ratliff
(214) 981-0795
Media Relations:
Vicki Granado
(214) 840-5820
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"unit",
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"gathering",
"systems",
",",
"processing",
"facilities",
"and",
"transportation",
"applications",
".",
"More",
"information",
"is",
"available",
"at",
"www.usacompression.com",
".",
"Energy",
"Transfer",
"Equity",
",",
"L",
".",
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".",
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"100",
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"Charles",
"LNG",
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",",
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"owns",
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"a",
"diverse",
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"gas",
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"natural",
"gas",
"liquids",
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"crude",
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"assets",
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"retail",
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"wholesale",
"motor",
"fuel",
"operations",
"and",
"LNG",
"terminalling",
".",
"For",
"more",
"information",
",",
"visit",
"the",
"Energy",
"Transfer",
"Equity",
",",
"L",
".",
"P",
".",
"website",
"at",
"www.energytransfer.com",
".",
"Energy",
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",",
"L",
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":",
"ETP",
")",
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"one",
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"the",
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"most",
"diversified",
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".",
"Strategically",
"positioned",
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"U",
".",
"S",
".",
"production",
"basins",
",",
"ETP",
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"a",
"geographically",
"diverse",
"portfolio",
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",",
"intrastate",
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"ETP",
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"Equity",
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"L",
".",
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".",
"(",
"NYSE",
":",
"ETE",
")",
".",
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"more",
"information",
",",
"visit",
"the",
"Energy",
"Transfer",
"Partners",
",",
"L",
".",
"P",
".",
"website",
"at",
"www.energytransfer.com",
".",
"FORWARD",
"-",
"LOOKING",
"STATEMENTS",
"This",
"press",
"release",
"includes",
"\"",
"forward",
"-",
"looking",
"\"",
"statements",
".",
"Forward",
"-",
"looking",
"statements",
"are",
"identified",
"as",
"any",
"statement",
"that",
"does",
"not",
"relate",
"strictly",
"to",
"historical",
"or",
"current",
"facts",
".",
"Statements",
"using",
"words",
"such",
"as",
"\"",
"anticipate",
"\"",
",",
"\"",
"believe",
"\"",
",",
"\"",
"intend",
"\"",
",",
"\"",
"project",
"\"",
",",
"\"",
"plan",
"\"",
",",
"\"",
"expect",
"\"",
",",
"\"",
"continue",
"\"",
",",
"\"",
"estimate",
"\"",
",",
"\"",
"goal",
"\"",
",",
"\"",
"forecast",
"\"",
",",
"\"",
"may",
"\"",
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"similar",
"expressions",
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"forward",
"-",
"looking",
"statements",
".",
"ETE",
",",
"ETP",
"and",
"USAC",
"can",
"not",
"give",
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"assurance",
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"expectations",
"and",
"projections",
"about",
"future",
"events",
"will",
"prove",
"to",
"be",
"correct",
".",
"Forward",
"-",
"looking",
"statements",
"are",
"subject",
"to",
"a",
"variety",
"of",
"risks",
",",
"uncertainties",
"and",
"assumptions",
".",
"These",
"risks",
"and",
"uncertainties",
"include",
"the",
"risks",
"that",
"the",
"benefits",
"contemplated",
"by",
"the",
"transactions",
"may",
"not",
"be",
"realized",
".",
"Additional",
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"include",
":",
"the",
"potential",
"impact",
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"the",
"consummation",
"of",
"the",
"transactions",
"on",
"relationships",
",",
"including",
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",",
"suppliers",
",",
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",",
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"credit",
"rating",
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",",
"the",
"ability",
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"revenue",
",",
"DCF",
"and",
"EBITDA",
"growth",
",",
"and",
"volatility",
"in",
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"price",
"of",
"oil",
",",
"natural",
"gas",
",",
"and",
"natural",
"gas",
"liquids",
".",
"Actual",
"results",
"and",
"outcomes",
"may",
"differ",
"materially",
"from",
"those",
"expressed",
"in",
"such",
"forward",
"-",
"looking",
"statements",
".",
"These",
"and",
"other",
"risks",
"and",
"uncertainties",
"are",
"discussed",
"in",
"more",
"detail",
"in",
"filings",
"made",
"by",
"ETE",
",",
"ETP",
"and",
"USAC",
"with",
"the",
"Securities",
"and",
"Exchange",
"Commission",
",",
"which",
"are",
"available",
"to",
"the",
"public",
".",
"ETE",
",",
"ETP",
"and",
"USAC",
"undertake",
"no",
"obligation",
"to",
"update",
"publicly",
"or",
"to",
"revise",
"any",
"forward",
"-",
"looking",
"statements",
",",
"whether",
"as",
"a",
"result",
"of",
"new",
"information",
",",
"future",
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".",
"The",
"information",
"contained",
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"this",
"press",
"release",
"is",
"available",
"at",
"www.energytransfer.com",
"and",
"www.usacompression.com",
".",
"USAC",
"Investor",
"Contact",
":",
"Matt",
"Liuzzi",
"Chief",
"Financial",
"Officer",
"(",
"512",
")",
"369",
"-",
"1624",
"mliuzzi@usacompression.com",
"Energy",
"Transfer",
"Contacts",
":",
"Investor",
"Relations",
":",
"Helen",
"Ryoo",
"Lyndsay",
"Hannah",
"Brent",
"Ratliff",
"(",
"214",
")",
"981",
"-",
"0795",
"Media",
"Relations",
":",
"Vicki",
"Granado",
"(",
"214",
")",
"840",
"-",
"5820"
] | [
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"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",
"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",
"O",
"O",
"O",
"O",
"B-Parties.ACQUIRED_COMPANY",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"B-Parties.SELLING_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",
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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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"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",
"O",
"O",
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"O",
"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"O",
"O",
"O",
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"O",
"O",
"O",
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"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",
"O",
"O",
"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",
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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",
"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",
"O",
"O",
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"O",
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"O",
"O",
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"O",
"O",
"O",
"O",
"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
"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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1616788-000137647415000395-lgv_ex99z2 | EX-99.2
6
lgv_ex99z2.htm
NEWS RELEASE
News Release
NEWS RELEASE
LEGACY VENTURES ACQUIRES RM FRESH BRANDS
Toronto, Ontario
- October 1, 2015 - Legacy Ventures International Inc. of Nevada ("Legacy Ventures" or the "Company") (OTC:LGYV) announced that it has acquired all of the outstanding common stock of RM Fresh Brands Inc. ("RM Fresh" or "RM Fresh Brands") of Toronto, Canada pursuant to a share exchange agreement ("the Share Exchange Agreement").
Pursuant to the Share Exchange Agreement, Legacy Ventures issued two (2) million shares of common stock to the shareholders of RM Fresh in exchange for all the issued and outstanding shares of RM Fresh. The principals, Ron Patel and Mirwan Ferris, will remain as officers and directors of RM Fresh. Legacy Ventures intends to file a Current Report with the SEC on Form 8-K within the required period. As a condition of the Share Exchange Agreement, 35,800,000 shares of Legacy Ventures were cancelled. As such, as of the date hereof, Legacy Ventures has 28,180,000 shares of common stock issued and outstanding.
Concurrently with the closing of the transaction, Rehan Saeed resigned as the President and Chief Executive Officer of Legacy Ventures and Evan Clifford was appointed by the Board of Directors (the "Board") as the new President and CEO. Mr. Clifford has extensive experience in entrepreneurial start-ups in both private and public sector. Over the last fifteen (15) years, Mr. Clifford has built and maintained extensive relationships throughout many different industries, having earned a platinum record managing some of Canada's top music artists, while playing a leading role in building one of the world's foremost electric car companies. He has been a speaker at the world renowned Idea City Conference and throughout the last decade coached selected companies and individuals to achieve personal and professional success.
About RM Fresh Brands Inc.
RM Fresh Brands services food and beverage retailers and distributors who are looking for innovative, trend-setting products across North America and in international markets. With a focus on sustainable, category changing consumables, RM Fresh Brands represent an extensive portfolio of highly desirable brands, including Boxed Water.
For further information go to the website of RM Fresh: www.rmfreshbrands.com
1835488.1
Legacy Ventures International Inc.
www.legacyventuresinc.com
Canadian Office;
3413 Wolfedale Road
Suite 4
Mississauga, Ontario
L5C 1V8
Evan Clifford, CEO
Tel: 1-800-918-3362
Matthew Harrington, Launch IR
Tel: 1-613-882-7467
Forward-looking Statements
This Press Release may contain certain forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Legacy Ventures International Inc. has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates", "believes", "estimates", "expects", "plans", "intends", "potential" and similar expressions. These statements reflect Legacy's current beliefs and are based on information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause Legacy' actual results, performance or achievements to differ materially from those expressed in or implied by such statements. Legacy undertakes no obligation to update or provide advice in the event of any change, addition or alteration to the information contained in this Press Release including such forward-looking statements.
1835488.1
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1584509-000119312517366828-d510705dex991 | EX-99.1
3
d510705dex991.htm
EX-99.1
EX-99.1
Exhibit 99.1
For Immediate Release
Contact:
Media Inquiries:
Karen Cutler
(215)
238-4063
Cutler-Karen@aramark.com
Investor Inquiries:
Kate Pearlman
(215)
409-7287
Pearlman-Kate@aramark.com
Aramark Completes Acquisition of Avendra
Combination Enhances Purchasing Capability and Extends Industry Reach
Philadelphia, PA, December
11, 2017 -
Aramark (NYSE: ARMK) announced today that it completed the previously announced
acquisition of Avendra for approximately $1.35 billion, or a net purchase price of $1.05 billion after adjusting for the value of the anticipated tax benefits.
Avendra is the leading hospitality procurement services provider in North America, managing nearly $5 billion in annual purchasing spend for over 650
companies at more than 8,500 locations, including over half of the Top 30 hotel chains. Avendra was founded in 2001 by five hospitality leaders: Marriott, Hyatt, Fairmont Hotels, ClubCorp and IHG.
"By uniting the proven purchasing and supply chain management expertise of our two companies, we will create increased scale and improve service levels
for our customers, strengthen our industry reach, provide new opportunities for our associates and drive sustained shareholder value", said Eric J. Foss, Chairman, President and CEO of Aramark. "I welcome Avendra's talented and
experienced team to the Aramark family and look forward to the bright future we will build together".
The merger also creates opportunities for
Aramark and Avendra to expand their customer base outside of their traditional industries. Additionally, Aramark anticipates annual procurement cost synergies of approximately $40 million, which it expects will be fully realized by the third
fiscal year after closing.
Avendra will continue to operate under the Avendra brand name, and its headquarters will remain in Rockville, Maryland.
About Aramark
Aramark (NYSE: ARMK) proudly serves
Fortune 500 companies, world champion sports teams,
state-of-the-art
healthcare providers, the world's leading educational
institutions, iconic destinations and cultural attractions, and numerous municipalities in 19 countries around the world. Our 270,000 team members deliver experiences that enrich and nourish millions of lives every day through innovative
services in food, facilities management and uniforms. We operate our business with social responsibility, focusing on initiatives that support our diverse workforce, advance consumer health and wellness, protect our environment, and strengthen our
communities. Aramark is recognized as one of the World's Most Admired Companies by FORTUNE as well as an employer of choice by the Human Rights Campaign and DiversityInc. Learn more at
www.aramark.com
or connect with us on
Facebook
and
Twitter
.
Cautionary Statements Regarding Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect our
current views as to future events and financial performance including with respect to, without limitation, the benefits of our acquisition of Avendra, as well as statements regarding Avendra's and our services and products. These statements can
be identified by the fact that they do not relate strictly to historical or current facts. They relate to the topics set forth above or use words such as "outlook", "aim", "anticipate", "are confident,"
"have confidence", "estimate", "expect", "will be", "will continue", "will likely result", "project", "intend", "plan", "believe", "see,"
"look to" and other words and terms of similar meaning or the negative versions of such words.
Forward-looking statements speak only as of the date made. These forward-looking statements are subject to risks
and uncertainties that may change at any time, and, therefore, our actual results may differ materially from those that we expected. Such risks and uncertainties include, among others, our ability to successfully integrate Avendra's
business and costs and timing related thereto, the risk of unanticipated restructuring costs or assumption of undisclosed liabilities, the risk that we are unable to achieve the anticipated benefits (including tax benefits) and synergies of the
acquisition of Avendra including whether the transaction will be accretive and within the expected timeframe, the availability of sufficient cash to repay certain indebtedness and our decision to utilize the cash for that purpose, the disruption of
the transactions to Avendra and its management; Avendra's ability to retain and hire key personnel and maintain relationships with customers, suppliers and other third parties, our ability to attract new or maintain existing customer and
supplier relationships at reasonable cost, our ability to retain key personnel and the other factors set forth in
the "Risk Factors", -"Legal
Proceedings" and
"Management Discussion and Analysis of Financial Condition and Results of Operations" sections and other sections of our Annual Report on Form
10-K
filed with the Securities and Exchange Commission
on November 22, 2017 as such factors may be updated from time to time in our other periodic filings with the SEC, which are accessible on the SEC's website at
www.sec.gov
and which may be obtained by contacting Aramark's
investor relations department via its website
www.aramark.com
. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors
should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in our filings with the SEC. As a result of these risks and uncertainties, readers are cautioned not
to place undue reliance on any forward-looking statements included herein or that may be made elsewhere from time to time by, or on behalf of, us. We undertake no obligation to publicly update or review any forward-looking statement, whether as a
result of new information, future developments, changes in our expectations, or otherwise, except as required by law.
| [
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8504-000114420411070963-v243693_ex99-1 | EX-99.1
2
v243693_ex99-1.htm
EX-99.1
FOR IMMEDIATE RELEASE
ENERJEX ANNOUNCES $4 MILLION NON-CORE ASSET SALE
San Antonio, Texas (December 21, 2011) -
EnerJex Resources, Inc. (OTCMarkets:ENRJ) ("EnerJex" or the "Company"), a domestic onshore oil company, announced today that it has sold certain non-core assets located in Eastern Kansas for $4 million in cash. This transaction is expected to further streamline the Company's operations and lower its cost structure by improving economies of scale in EnerJex's core areas of operation. Proceeds from the sale are expected to be utilized to further develop the Company's Mississippian Project in Kansas.
EnerJex's Mississippian Project consists of a 90% working interest in 2,820 acres plus a 90% working interest in an additional 1,280 acres that the Company may acquire upon achieving certain drilling milestones. EnerJex has identified hundreds of infill drilling locations on these leases, which management believes will yield approximately 3 million barrels of recoverable oil.
The Company intends to update investors on its development plans for this project in the coming weeks. In addition, EnerJex will soon provide an operational update on its Rantoul Project, where the Company has been actively drilling new wells for the past two months.
Management Comments
EnerJex's CEO, Robert Watson, Jr., commented, "This is an important transaction for EnerJex because it will enable the Company to aggressively develop its Mississippian Project with no dilution to shareholders. It has been less than twelve months since EnerJex was transformed and I am proud of everything our team has accomplished. The Company's Board of Directors remains intensely focused on per-share value creation, and we are pursuing additional strategic initiatives aimed at increasing oil production, reserves, and cash flow in an accretive manner for shareholders".
About EnerJex Resources, Inc.
EnerJex is a domestic onshore oil company with assets located in Eastern Kansas and South Texas. The Company's primary business is to acquire, develop, explore and produce oil properties onshore in the United States. Additional information is available on the Company's web site at
www.enerjexresources.com
.
4040 Broadway Street, Suite 305
|
San Antonio, TX 78209
|
P: 210.451.5545
| F
: 210.451.5546
| WWW.ENERJEXRESOURCES.COM
Forward-Looking Statements
This press release and the materials referenced herein include "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. Forward-looking statements give EnerJex's current expectations or forecasts of future events. The statements in this press release regarding the acquisition of operating assets and related agreements; any implied or perceived benefits from any current or future transaction, and any other effects resulting from any of the above, are forward-looking statements. Such statements involve risks and uncertainties, including but not limited to: whether acquired properties will produce at levels consistent with that of other nearby properties and with management's expectations; market conditions; the ability of EnerJex to obtain financing for continued drilling; the costs of operations; delays, and any other difficulties related to producing oil; the ability of EnerJex to integrate the newly purchased assets and any newly acquired employees; the price of oil; EnerJex's ability to market and sell produced minerals; the risks and effects of legal and administrative proceedings and governmental regulation; future financial and operational results; competition; general economic conditions; and the ability to manage and continue growth. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. Important factors that could cause actual results to differ materially from the forward-looking statements are set forth in our Form 10-K filed with the United States Securities and Exchange Commission and our Form 10-Q. EnerJex undertakes no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. EnerJex's production forecasts are dependent upon many assumptions, including estimates of production decline rates from existing wells and the outcome of future drilling activity. Although EnerJex believes the expectations and forecasts reflected in these and other forward-looking statements are reasonable, it can give no assurance they will prove to have been correct. They can be affected by inaccurate assumptions or by known or unknown risks and uncertainties.
Contact
Brad Holmes, Investor Relations
Robert Watson, Jr. CEO
(713) 654-4009
(210) 451-5545
B_Holmes@att.net
4040 Broadway Street, Suite 305
|
San Antonio, TX 78209
|
P: 210.451.5545
| F
: 210.451.5546
| WWW.ENERJEXRESOURCES.COM
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"RELEASE",
"ENERJEX",
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"$",
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",",
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"(",
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"21",
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"-",
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"assets",
"located",
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"Kansas",
"for",
"$",
"4 million",
"in",
"cash",
".",
"This",
"transaction",
"is",
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"further",
"streamline",
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"by",
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".",
"Proceeds",
"from",
"the",
"sale",
"are",
"expected",
"to",
"be",
"utilized",
"to",
"further",
"develop",
"the",
"Company",
"'s",
"Mississippian",
"Project",
"in",
"Kansas",
".",
"EnerJex",
"'s",
"Mississippian",
"Project",
"consists",
"of",
"a",
"90",
"%",
"working",
"interest",
"in",
"2,820",
"acres",
"plus",
"a",
"90",
"%",
"working",
"interest",
"in",
"an",
"additional",
"1,280",
"acres",
"that",
"the",
"Company",
"may",
"acquire",
"upon",
"achieving",
"certain",
"drilling",
"milestones",
".",
"EnerJex",
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"hundreds",
"of",
"infill",
"drilling",
"locations",
"on",
"these",
"leases",
",",
"which",
"management",
"believes",
"will",
"yield",
"approximately",
"3",
"million",
"barrels",
"of",
"recoverable",
"oil",
".",
"The",
"Company",
"intends",
"to",
"update",
"investors",
"on",
"its",
"development",
"plans",
"for",
"this",
"project",
"in",
"the",
"coming",
"weeks",
".",
"In",
"addition",
",",
"EnerJex",
"will",
"soon",
"provide",
"an",
"operational",
"update",
"on",
"its",
"Rantoul",
"Project",
",",
"where",
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"Company",
"has",
"been",
"actively",
"drilling",
"new",
"wells",
"for",
"the",
"past",
"two",
"months",
".",
"Management",
"Comments",
"EnerJex",
"'s",
"CEO",
",",
"Robert",
"Watson, Jr.",
",",
"commented",
",",
"\"",
"This",
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"because",
"it",
"will",
"enable",
"the",
"Company",
"to",
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"develop",
"its",
"Mississippian",
"Project",
"with",
"no",
"dilution",
"to",
"shareholders",
".",
"It",
"has",
"been",
"less",
"than",
"twelve",
"months",
"since",
"EnerJex",
"was",
"transformed",
"and",
"I",
"am",
"proud",
"of",
"everything",
"our",
"team",
"has",
"accomplished",
".",
"The",
"Company",
"'s",
"Board",
"of",
"Directors",
"remains",
"intensely",
"focused",
"on",
"per",
"-",
"share",
"value",
"creation",
",",
"and",
"we",
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"oil",
"production",
",",
"reserves",
",",
"and",
"cash",
"flow",
"in",
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"accretive",
"manner",
"for",
"shareholders",
"\"",
".",
"About",
"EnerJex",
"Resources",
",",
"Inc",
".",
"EnerJex",
"is",
"a",
"domestic",
"onshore",
"oil",
"company",
"with",
"assets",
"located",
"in",
"Eastern",
"Kansas",
"and",
"South",
"Texas",
".",
"The",
"Company",
"'s",
"primary",
"business",
"is",
"to",
"acquire",
",",
"develop",
",",
"explore",
"and",
"produce",
"oil",
"properties",
"onshore",
"in",
"the",
"United",
"States",
".",
"Additional",
"information",
"is",
"available",
"on",
"the",
"Company",
"'s",
"web",
"site",
"at",
"www.enerjexresources.com",
".",
"4040",
"Broadway",
"Street",
",",
"Suite",
"305",
"|",
"San",
"Antonio",
",",
"TX",
"78209",
"|",
"P",
":",
"210",
".",
"451",
".",
"5545",
"|",
"F",
":",
"210",
".",
"451",
".",
"5546",
"|",
"WWW.ENERJEXRESOURCES.COM",
"Forward",
"-",
"Looking",
"Statements",
"This",
"press",
"release",
"and",
"the",
"materials",
"referenced",
"herein",
"include",
"\"",
"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",
".",
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"-",
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"'s",
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".",
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"operating",
"assets",
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";",
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",",
"and",
"any",
"other",
"effects",
"resulting",
"from",
"any",
"of",
"the",
"above",
",",
"are",
"forward",
"-",
"looking",
"statements",
".",
"Such",
"statements",
"involve",
"risks",
"and",
"uncertainties",
",",
"including",
"but",
"not",
"limited",
"to",
":",
"whether",
"acquired",
"properties",
"will",
"produce",
"at",
"levels",
"consistent",
"with",
"that",
"of",
"other",
"nearby",
"properties",
"and",
"with",
"management",
"'s",
"expectations",
";",
"market",
"conditions",
";",
"the",
"ability",
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"financing",
"for",
"continued",
"drilling",
";",
"the",
"costs",
"of",
"operations",
";",
"delays",
",",
"and",
"any",
"other",
"difficulties",
"related",
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"oil",
";",
"the",
"ability",
"of",
"EnerJex",
"to",
"integrate",
"the",
"newly",
"purchased",
"assets",
"and",
"any",
"newly",
"acquired",
"employees",
";",
"the",
"price",
"of",
"oil",
";",
"EnerJex",
"'s",
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"market",
"and",
"sell",
"produced",
"minerals",
";",
"the",
"risks",
"and",
"effects",
"of",
"legal",
"and",
"administrative",
"proceedings",
"and",
"governmental",
"regulation",
";",
"future",
"financial",
"and",
"operational",
"results",
";",
"competition",
";",
"general",
"economic",
"conditions",
";",
"and",
"the",
"ability",
"to",
"manage",
"and",
"continue",
"growth",
".",
"Should",
"one",
"or",
"more",
"of",
"these",
"risks",
"or",
"uncertainties",
"materialize",
",",
"or",
"should",
"underlying",
"assumptions",
"prove",
"incorrect",
",",
"actual",
"outcomes",
"may",
"vary",
"materially",
"from",
"those",
"indicated",
".",
"Important",
"factors",
"that",
"could",
"cause",
"actual",
"results",
"to",
"differ",
"materially",
"from",
"the",
"forward",
"-",
"looking",
"statements",
"are",
"set",
"forth",
"in",
"our",
"Form",
"10",
"-",
"K",
"filed",
"with",
"the",
"United",
"States",
"Securities",
"and",
"Exchange",
"Commission",
"and",
"our",
"Form",
"10",
"-",
"Q",
".",
"EnerJex",
"undertakes",
"no",
"obligation",
"to",
"revise",
"or",
"update",
"such",
"statements",
"to",
"reflect",
"current",
"events",
"or",
"circumstances",
"after",
"the",
"date",
"hereof",
"or",
"to",
"reflect",
"the",
"occurrence",
"of",
"unanticipated",
"events",
".",
"EnerJex",
"'s",
"production",
"forecasts",
"are",
"dependent",
"upon",
"many",
"assumptions",
",",
"including",
"estimates",
"of",
"production",
"decline",
"rates",
"from",
"existing",
"wells",
"and",
"the",
"outcome",
"of",
"future",
"drilling",
"activity",
".",
"Although",
"EnerJex",
"believes",
"the",
"expectations",
"and",
"forecasts",
"reflected",
"in",
"these",
"and",
"other",
"forward",
"-",
"looking",
"statements",
"are",
"reasonable",
",",
"it",
"can",
"give",
"no",
"assurance",
"they",
"will",
"prove",
"to",
"have",
"been",
"correct",
".",
"They",
"can",
"be",
"affected",
"by",
"inaccurate",
"assumptions",
"or",
"by",
"known",
"or",
"unknown",
"risks",
"and",
"uncertainties",
".",
"Contact",
"Brad",
"Holmes",
",",
"Investor",
"Relations",
"Robert",
"Watson, Jr.",
"CEO",
"(",
"713",
")",
"654",
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"4009",
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1047335-000104733513000098-ex991nhcannouncessignificant | EX-99
2
ex991nhcannouncessignificant.htm
PRESS RELEASE
Converted by EDGARwiz
EXHIBIT 99.1
For release: September 3, 2013
Contact: Gerald Coggin, Senior VP of Corporate Relations
Phone: (615) 890-2020
NHC Announces Significant Transactions with NHI
MURFREESBORO, Tenn. --
National HealthCare Corporation
(NYSE MKT: NHC, NHC.PRA), one of the nation
'
s leading operators of skilled nursing and assisted living facilities, announced today the completion of the purchase of six skilled health care centers from National Health Investors, Inc. (NHI). The six centers, which are located in Columbia (2), Knoxville and Springfield, Tennessee; Madisonville, Kentucky; and Rossville, Georgia, have been leased by NHC since 1991 and have a total of 650 beds. With the purchase of the six centers, NHC's lease payment will decrease by $2,950,000 annually.
"We are pleased to purchase these six stable centers from NHI which we have operated for a number of years. This acquisition will result in lower lease cost and is an integral piece of our strategic plan for growth
"
, stated Steve Flatt, President.
In addition, the Company also announced the Master Agreement to Lease with NHI was extended through December 31, 2026 for 38 skilled health care centers and three independent living centers.
Also, beginning September 1, 2013, NHC will lease seven skilled nursing facilities in Massachusetts and New Hampshire from NHI. NHC previously managed these seven facilities for ElderTrust of Florida, Inc., a Tennessee nonprofit corporation. The facilities will be under a triple-net lease for a period of 15 years at a base lease amount of $3,450,000 annually. Beginning in the twelfth year of the lease, NHC has the option to purchase the facilities for $49,000,000.
"
NHC is pleased to lease these seven skilled nursing facilities from NHI. This long-term lease allows us the opportunity to continue providing outstanding patient care in the northeast region", stated Mr. Flatt.
Forward-Looking Statements
Statements in this press release that are not historical facts are forward-looking statements. NHC cautions investors that any forward-looking statements may involve risks and uncertainties and are not guarantees of future performance. The risks and uncertainties are detailed from time to time in reports filed by NHC with the S.E.C., including Forms 8-K, 10-Q and 10-K, and include, among others, the following: liabilities and other claims asserted against us and patient care liabilities, as well as the resolution of current litigation; availability of insurance and assets for indemnification; national and local economic conditions; including their effect on the availability and cost of labor, utilities and materials; the effect of government regulations and changes in regulations governing the healthcare industry, including our compliance with such regulations; changes in Medicare and Medicaid payment levels and methodologies and the application of such methodologies by the government and its fiscal intermediaries, the ability of third parties for whom we have guaranteed debt to refinance certain short term debt obligations; and other factors referenced or incorporated by reference in the S.E.C. filings. The risks included here are not exhaustive. All forward-looking statements represent NHC's best judgment as of the date of this release.
About NHC
NHC affiliates operate for themselves and third parties 68 skilled nursing centers with 8,803 beds. NHC affiliates also operate 36 homecare programs, five independent living centers and 15 assisted living communities. NHC
'
s other services include Alzheimer
'
s units, long-term care pharmacies, hospice, a rehabilitation services company, and providing management and accounting services to third parties. Other information about the company can be found on our web site at
www.nhccare.com
.
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68505-000119312518098438-d528027dex991 | EX-99.1
3
d528027dex991.htm
EX-99.1
EX-99.1
Exhibit 99.1
Motorola Solutions Completes Acquisition of Avigilon
Acquisition adds video surveillance and analytics platform to Motorola Solutions' portfolio
CHICAGO
- March 28, 2018 - Motorola Solutions (NYSE: MSI) today announced it has completed the acquisition of Avigilon, a leader in
advanced video surveillance and analytics.
Avigilon
designs, develops and manufactures advanced security surveillance solutions, including video
analytics, network video management software and hardware, surveillance cameras and access control solutions used by commercial and government customers. Avigilon holds more than 750 U.S. and international patents and manufactures its products in
the U.S. and Canada.
The acquisition brings advanced video surveillance and analytics to Motorola Solutions' public safety, government and
commercial customers.
Headquartered in Vancouver, British Columbia, Avigilon will operate as a separate unit of Motorola Solutions, with James Henderson,
president and chief operating officer for Avigilon, reporting to Jack Molloy, executive vice president, worldwide sales and services for Motorola Solutions.
Motorola Solutions has acquired all of Avigilon's issued and outstanding shares for CAD$27.00 per share. The enterprise value of the transaction is
approximately US$1.0 billion.
For more information on the strategic rationale of the transaction see the investor presentation.
About Motorola Solutions
Motorola Solutions (NYSE: MSI)
creates innovative, mission-critical communication solutions and services that help public safety and commercial customers build safer cities and thriving communities. For ongoing news, visit
www.motorolasolutions.com/newsroom
or subscribe to
a
news feed
.
# # #
Motorola
Solutions Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of applicable federal
securities law. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and generally include words such as "believes", "expects", "intends,"
"anticipates", "estimates" and similar expressions. The company can give no assurance that any actual or future results or events discussed in these statements will be achieved. Any forward-looking statements represent the
company's views only as of today and should not be relied upon as representing the company's views as of any subsequent date. Readers are cautioned that such forward-looking statements are subject to a variety of risks and uncertainties
that could cause the company's actual results or events discussed in these statements to differ materially from the statements contained in this release. Such forward-looking statements include, but are not limited to, Motorola Solutions'
ability to integrate the products and services into its portfolio and offer to customers. Motorola Solutions cautions the reader that the risk factors below, as well as those on pages 9 through 21 in Item 1A of Motorola Solutions 2016 Annual
Report on Form 10-K on page 37 in Item 1A of Motorola Solutions'
Quarterly Report on 10Q for the quarter ended July 1, 2017, and in its other SEC filings available for free on the SEC's website at
www.sec.gov
and on Motorola Solutions'
website at
www.motorolasolutions.com/investor
, could cause Motorola Solutions' actual results or events discussed in these statements to differ materially from those estimated or predicted in the forward-looking statements. Many of these
risks and uncertainties cannot be controlled by Motorola Solutions and factors that may impact forward-looking statements include, but are not limited to the future results of operations of Avigilon Corporation and Motorola Solutions' ability
to successfully integrate and operate Avigilon Corporation. Motorola Solutions undertakes no obligation to publicly update any forward-looking statement or risk factor, whether as a result of new information, future events or otherwise.
Media Contacts
Kathy Van Buskirk
For Motorola Solutions
+1 720-771-7651
Kathy.vanbuskirk@motorolasolutions.com
Investor
Contact
Chris Kutsor
Motorola Solutions
+1 847-576-4995
chris.kutsor@motorolasolutions.com
MOTOROLA, MOTOROLA SOLUTIONS and the Stylized M Logo are trademarks or registered trademarks of Motorola Trademark Holdings, LLC and are used under
license. All other trademarks are the property of their respective owners.
©
2018 Motorola Solutions, Inc. All rights reserved.
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1593548-000159354819000004-exhibit991-21119 | EX-99.1
2
exhibit991-21119.htm
EXHIBIT 99.1
Exhibit
FOR IMMEDIATE RELEASE
AGS COMPLETES ACQUISITION OF INTEGRITY GAMING CORP.
AGS will focus on maximizing performance and revenue of Integrity's 2,700-game participation footprint
LAS VEGAS - February 11, 2019 - PlayAGS (NYSE: AGS) ("AGS", or the "Company" or "our"), a leading designer and supplier of electronic gaming machines, table products, and interactive solutions for the gaming industry, today announced the successful completion of its acquisition of Integrity Gaming Corp. (TSX-V: IGAM) (OTCQX: IGAMF) ("Integrity"). This acquisition increases AGS' recurring revenue footprint by more than 2,700 games and presents yield optimization opportunities.
AGS Senior Vice President of Slot Products Andrew Burke said, "We are thrilled to have so quickly closed this deal and are ready to provide Integrity's customers with exceptional service and support. Every Integrity customer is also an AGS customer, so this should be a relatively seamless transition and one that gives us an opportunity to work with operators to ensure they are getting the best performance from their Integrity-placed games".
Under the terms of the deal, AGS acquired all issued and outstanding common shares of Integrity Gaming Corp. for a cash payment of CAD$0.46 per share, reflecting a total transaction value of USD$49 million, which includes repaying USD$35 million of Integrity's outstanding debt. The acquisition was funded with cash on the balance sheet.
Integrity's installed base of more than 2,700 Class III and Class II games in Oklahoma and Texas includes slot machines manufactured by various slot suppliers, including AGS, in approximately 30 tribal casinos.
Now that the transaction has closed, Integrity's brand, operations, and team will be integrated under AGS, with centralized service and support managed from AGS' Oklahoma City, Oklahoma offices.
Paul, Weiss, Rifkind, Wharton & Garrison LLP and Blake, Cassels & Graydon LLP served as legal advisors to AGS.
###
About AGS
AGS is a global company focused on creating a diverse mix of entertaining gaming experiences for every kind of player. Our roots are firmly planted in the Class II Native American gaming market, but our customer-centric culture and growth have helped us branch out to become a leading all-inclusive commercial gaming supplier. Powered by high-performing Class II and Class III slot products, an expansive table products portfolio, real-money gaming platforms and content, highly rated social casino solutions for players and operators, and best-in-class service, we offer an unmatched value proposition for our casino partners. Learn more at www.playags.com.
Julia Boguslawski, Chief Marketing Officer and Executive Vice President of Investor Relations
jboguslawski@PlayAGS.com
Steven Kopjo, Director of Investor Relations
skopjo@playags.com
Forward-Looking Statements
This release contains, and oral statements made from time to time by our representatives may contain, forward-looking statements based on management's current expectations and projections, which are intended to qualify for the safe harbor 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 include statements regarding the proposed public offering and other statements identified by words such as "believe", "will", "may", "might", "likely", "expect", "anticipates", "intends", "plans", "seeks", "estimates", "believes", "continues", "projects" and similar references to future periods, or by the inclusion of forecasts or projections. All forward-looking statements are based on current expectations and projections of future events.
These forward-looking statements reflect the current views, models, and assumptions of AGS, and are subject to various risks and uncertainties that cannot be predicted or qualified and could cause actual results in AGS's performance to differ materially from those expressed or implied by such forward looking statements. These risks and uncertainties include, but are not limited to, the ability of AGS to maintain strategic alliances, unit placements or installations, grow revenue, garner new market share, secure new licenses in new jurisdictions, successfully develop or place proprietary product, comply with regulations, have its games approved by relevant jurisdictions and other factors set forth under Item 1. "Business", Item 1A. "Risk Factors" in AGS's Annual Report on Form 10-K/A, filed with the Securities and Exchange Commission on March 30, 2018. All forward-looking statements made herein are expressly qualified in their entirety by these cautionary statements and there can be no assurance that the actual results, events or developments referenced herein will occur or be realized. Readers are cautioned that all forward-looking statements speak only to the facts and circumstances present as of the date of this press release. AGS expressly disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
©2019 PlayAGS, Inc. All® notices signify marks registered in the United States. All ™ and ℠ notices signify unregistered trademarks. Products referenced herein are sold by AGS LLC or other subsidiaries of PlayAGS, Inc.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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1094084-000101968706000219-telkonet_8k-ex99 | EX-99
3
telkonet_8k-ex99.htm
PRESS RELEASE
Press release
Exhibit
99
Contact:
Michael
Porter
President
Porter,
LeVay & Rose, Inc.
212-564-4700
mike@plrinvest.com
www.plrinvest.com
For
Immediate Release: February 1, 2006
NEWS
RELEASE
Telkonet
Concludes Acquisition of Microwave Satellite Technologies, Inc.
Germantown,
MD, Telkonet, Inc. (Amex: TKO), the leader in providing powerline carrier
(PLC)
networking solutions using existing electrical wiring
,
today
announced the conclusion of the acquisition of a 90% controlling interest
in
Microwave Satellite Technologies (MST), a communications technology company
that
offers complete sales, installation, and service of VSAT and business television
networks, and is a full-service national Internet Service Provider (ISP).
The $9
million cash and stock transaction will allow Telkonet to provide a complete
"triple-play" solution to subscribers of HDTV as well as VoIP telephony and
NuVision broadband Internet
access to commercial multi-dwelling units and hotels. Telkonet previously
announced that the two parties had entered into a definitive agreement for
this
transaction in December of 2005 and now the formal closing of the transaction
has occurred pursuant to the terms of the definitive agreement.
E.
Barry
Smith, CFO of Telkonet said, "With the MST acquisition, the combination of
Telkonet's iWire System™
and
MST's "triple play" solution will generate a recurring revenue stream from its
subscriber base while creating significant value for our
shareholders".
Frank
Matarazzo, President and Founder of MST said, "Having worked in the private
cable and satellite communications industry for the past 25 years and having
been exposed to the introduction and obsolescence of platforms, rarely do
you
see the convergence of so many technologies that make the introduction of
the
Telkonet iWire System™
ideal
for rapid deployment in so many areas of opportunity. The world is going
IP and
we will capitalize on that movement by providing IP-based services over the
Telkonet iWire System™
to
commercial office buildings, residential buildings, hotels and more. In-building
broadband over powerline technology, specifically the Telkonet PLC solution,
is
a revolution in the technological world we live in, only rivaled by the
introduction of the PC in the mid-to-late 1970's. This partnership with Telkonet
will enable MST to realize its vision of a total IP platform at a fraction
of
the cost as compared to traditional means".
About
Microwave Satellite Technologies (MST)
Microwave
Satellite Technologies, Inc. (MST) is a communications technology company
that
specializes in video to the desktop, video conferencing, distance learning,
two-way data, and Internet access services. MST offers complete sales,
installation, and service of VSAT and
(more)
business
television networks, and is a full-service national Internet Service Provider
(ISP), offering the latest in web hosting and design. MST's NuVisions Broadband
services offer cable television, cable modem high-speed Internet, and telephone
services to multi-family residences, commercial buildings, and institutional
owners. MST delivers its services using microwave and fiber optic technology
for
superior performance, and now offers over 40 channels of high definition
television (HDTV). MST has recently begun deployment of its new Interactive
Wi-Fi, hot-zone system that will offer wireless Internet service in large
geographic areas of New York City, and is introducing the newest Powerline
Carrier (PLC) technology to high- speed Internet users in apartment buildings,
hotels, and business environments. For more information, visit our websites
at
www.mst-online.com and www.nuvisionsbroadband.com.
About
Telkonet
Telkonet
develops and markets technology for the transmission of high-speed voice,
video
and data communications over the existing electrical wiring within a building.
The revolutionary Telkonet iWire System™
utilizes
proven powerline communications (PLC) technology, which enables the delivery
of
commercial high-speed broadband access from an IP "platform" that is easy to
deploy, reliable and cost-effective by leveraging a buildings existing
electrical infrastructure.
The
building's existing electrical wiring becomes the backbone of the local area
network, which converts virtually every electrical outlet into a high-speed
data
port, without the costly installation of additional wiring or major disruption
of business activity.
The
Telkonet iWire System can be installed rapidly and offers a viable and
cost-effective alternative to the challenges of hardwiring and wireless local
area networks (LANs). Telkonet's products are designed for use in commercial and
residential applications, including multi-dwelling units and the hospitality
and
government markets. Applications supported by the Telkonet "platform" include
but are not limited to: VoIP telephones, Internet connectivity, local area
networking, video conferencing, closed circuit security surveillance and
a host
of other information services. For more information, please visit
www.telkonet.com.
Statements
included in this release may constitute forward-looking statements within
the
meaning of the Private Securities Litigation Reform Act of 1995. Such statements
involve a number
of
risks and uncertainties such as competitive factors, technological development,
market demand and the Company's ability to obtain new contracts and accurately
estimate net
revenues due to variability in size, scope and duration of projects, and
internal issues in the sponsoring client. Further information on potential
factors that could affect the Company's
financial results, can be found in the Company's Registration Statement and in
its Reports on Forms 8-K filed with the Securities and Exchange Commission
(SEC).
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"multi",
"-",
"dwelling",
"units",
"and",
"hotels",
".",
"Telkonet",
"previously",
"announced",
"that",
"the",
"two",
"parties",
"had",
"entered",
"into",
"a",
"definitive",
"agreement",
"for",
"this",
"transaction",
"in",
"December",
"of",
"2005",
"and",
"now",
"the",
"formal",
"closing",
"of",
"the",
"transaction",
"has",
"occurred",
"pursuant",
"to",
"the",
"terms",
"of",
"the",
"definitive",
"agreement",
".",
"E",
".",
"Barry",
"Smith",
",",
"CFO",
"of",
"Telkonet",
"said",
",",
"\"",
"With",
"the",
"MST",
"acquisition",
",",
"the",
"combination",
"of",
"Telkonet",
"'s",
"iWire",
"System",
"™",
"and",
"MST",
"'s",
"\"",
"triple",
"play",
"\"",
"solution",
"will",
"generate",
"a",
"recurring",
"revenue",
"stream",
"from",
"its",
"subscriber",
"base",
"while",
"creating",
"significant",
"value",
"for",
"our",
"shareholders",
"\"",
".",
"Frank",
"Matarazzo",
",",
"President",
"and",
"Founder",
"of",
"MST",
"said",
",",
"\"",
"Having",
"worked",
"in",
"the",
"private",
"cable",
"and",
"satellite",
"communications",
"industry",
"for",
"the",
"past",
"25",
"years",
"and",
"having",
"been",
"exposed",
"to",
"the",
"introduction",
"and",
"obsolescence",
"of",
"platforms",
",",
"rarely",
"do",
"you",
"see",
"the",
"convergence",
"of",
"so",
"many",
"technologies",
"that",
"make",
"the",
"introduction",
"of",
"the",
"Telkonet",
"iWire",
"System™",
"ideal",
"for",
"rapid",
"deployment",
"in",
"so",
"many",
"areas",
"of",
"opportunity",
".",
"The",
"world",
"is",
"going",
"IP",
"and",
"we",
"will",
"capitalize",
"on",
"that",
"movement",
"by",
"providing",
"IP",
"-",
"based",
"services",
"over",
"the",
"Telkonet",
"iWire",
"System™",
"to",
"commercial",
"office",
"buildings",
",",
"residential",
"buildings",
",",
"hotels",
"and",
"more",
".",
"In",
"-",
"building",
"broadband",
"over",
"powerline",
"technology",
",",
"specifically",
"the",
"Telkonet",
"PLC",
"solution",
",",
"is",
"a",
"revolution",
"in",
"the",
"technological",
"world",
"we",
"live",
"in",
",",
"only",
"rivaled",
"by",
"the",
"introduction",
"of",
"the",
"PC",
"in",
"the",
"mid",
"-",
"to",
"-",
"late",
"1970",
"'s",
".",
"This",
"partnership",
"with",
"Telkonet",
"will",
"enable",
"MST",
"to",
"realize",
"its",
"vision",
"of",
"a",
"total",
"IP",
"platform",
"at",
"a",
"fraction",
"of",
"the",
"cost",
"as",
"compared",
"to",
"traditional",
"means",
"\"",
".",
"About",
"Microwave",
"Satellite",
"Technologies",
"(",
"MST",
")",
"Microwave",
"Satellite",
"Technologies",
",",
"Inc",
".",
"(",
"MST",
")",
"is",
"a",
"communications",
"technology",
"company",
"that",
"specializes",
"in",
"video",
"to",
"the",
"desktop",
",",
"video",
"conferencing",
",",
"distance",
"learning",
",",
"two",
"-",
"way",
"data",
",",
"and",
"Internet",
"access",
"services",
".",
"MST",
"offers",
"complete",
"sales",
",",
"installation",
",",
"and",
"service",
"of",
"VSAT",
"and",
"(",
"more",
")",
"business",
"television",
"networks",
",",
"and",
"is",
"a",
"full",
"-",
"service",
"national",
"Internet",
"Service",
"Provider",
"(",
"ISP",
")",
",",
"offering",
"the",
"latest",
"in",
"web",
"hosting",
"and",
"design",
".",
"MST",
"'s",
"NuVisions",
"Broadband",
"services",
"offer",
"cable",
"television",
",",
"cable",
"modem",
"high",
"-",
"speed",
"Internet",
",",
"and",
"telephone",
"services",
"to",
"multi",
"-",
"family",
"residences",
",",
"commercial",
"buildings",
",",
"and",
"institutional",
"owners",
".",
"MST",
"delivers",
"its",
"services",
"using",
"microwave",
"and",
"fiber",
"optic",
"technology",
"for",
"superior",
"performance",
",",
"and",
"now",
"offers",
"over",
"40",
"channels",
"of",
"high",
"definition",
"television",
"(",
"HDTV",
")",
".",
"MST",
"has",
"recently",
"begun",
"deployment",
"of",
"its",
"new",
"Interactive",
"Wi",
"-",
"Fi",
",",
"hot",
"-",
"zone",
"system",
"that",
"will",
"offer",
"wireless",
"Internet",
"service",
"in",
"large",
"geographic",
"areas",
"of",
"New",
"York",
"City",
",",
"and",
"is",
"introducing",
"the",
"newest",
"Powerline",
"Carrier",
"(",
"PLC",
")",
"technology",
"to",
"high",
"-",
"speed",
"Internet",
"users",
"in",
"apartment",
"buildings",
",",
"hotels",
",",
"and",
"business",
"environments",
".",
"For",
"more",
"information",
",",
"visit",
"our",
"websites",
"at",
"www.mst-online.com",
"and",
"www.nuvisionsbroadband.com",
".",
"About",
"Telkonet",
"Telkonet",
"develops",
"and",
"markets",
"technology",
"for",
"the",
"transmission",
"of",
"high",
"-",
"speed",
"voice",
",",
"video",
"and",
"data",
"communications",
"over",
"the",
"existing",
"electrical",
"wiring",
"within",
"a",
"building",
".",
"The",
"revolutionary",
"Telkonet",
"iWire",
"System™",
"utilizes",
"proven",
"powerline",
"communications",
"(",
"PLC",
")",
"technology",
",",
"which",
"enables",
"the",
"delivery",
"of",
"commercial",
"high",
"-",
"speed",
"broadband",
"access",
"from",
"an",
"IP",
"\"",
"platform",
"\"",
"that",
"is",
"easy",
"to",
"deploy",
",",
"reliable",
"and",
"cost",
"-",
"effective",
"by",
"leveraging",
"a",
"buildings",
"existing",
"electrical",
"infrastructure",
".",
"The",
"building",
"'s",
"existing",
"electrical",
"wiring",
"becomes",
"the",
"backbone",
"of",
"the",
"local",
"area",
"network",
",",
"which",
"converts",
"virtually",
"every",
"electrical",
"outlet",
"into",
"a",
"high",
"-",
"speed",
"data",
"port",
",",
"without",
"the",
"costly",
"installation",
"of",
"additional",
"wiring",
"or",
"major",
"disruption",
"of",
"business",
"activity",
".",
"The",
"Telkonet",
"iWire",
"System",
"can",
"be",
"installed",
"rapidly",
"and",
"offers",
"a",
"viable",
"and",
"cost",
"-",
"effective",
"alternative",
"to",
"the",
"challenges",
"of",
"hardwiring",
"and",
"wireless",
"local",
"area",
"networks",
"(",
"LANs",
")",
".",
"Telkonet",
"'s",
"products",
"are",
"designed",
"for",
"use",
"in",
"commercial",
"and",
"residential",
"applications",
",",
"including",
"multi",
"-",
"dwelling",
"units",
"and",
"the",
"hospitality",
"and",
"government",
"markets",
".",
"Applications",
"supported",
"by",
"the",
"Telkonet",
"\"",
"platform",
"\"",
"include",
"but",
"are",
"not",
"limited",
"to",
":",
"VoIP",
"telephones",
",",
"Internet",
"connectivity",
",",
"local",
"area",
"networking",
",",
"video",
"conferencing",
",",
"closed",
"circuit",
"security",
"surveillance",
"and",
"a",
"host",
"of",
"other",
"information",
"services",
".",
"For",
"more",
"information",
",",
"please",
"visit",
"www.telkonet.com",
".",
"Statements",
"included",
"in",
"this",
"release",
"may",
"constitute",
"forward",
"-",
"looking",
"statements",
"within",
"the",
"meaning",
"of",
"the",
"Private",
"Securities",
"Litigation",
"Reform",
"Act",
"of",
"1995",
".",
"Such",
"statements",
"involve",
"a",
"number",
"of",
"risks",
"and",
"uncertainties",
"such",
"as",
"competitive",
"factors",
",",
"technological",
"development",
",",
"market",
"demand",
"and",
"the",
"Company",
"'s",
"ability",
"to",
"obtain",
"new",
"contracts",
"and",
"accurately",
"estimate",
"net",
"revenues",
"due",
"to",
"variability",
"in",
"size",
",",
"scope",
"and",
"duration",
"of",
"projects",
",",
"and",
"internal",
"issues",
"in",
"the",
"sponsoring",
"client",
".",
"Further",
"information",
"on",
"potential",
"factors",
"that",
"could",
"affect",
"the",
"Company",
"'s",
"financial",
"results",
",",
"can",
"be",
"found",
"in",
"the",
"Company",
"'s",
"Registration",
"Statement",
"and",
"in",
"its",
"Reports",
"on",
"Forms",
"8",
"-",
"K",
"filed",
"with",
"the",
"Securities",
"and",
"Exchange",
"Commission",
"(",
"SEC",
")",
"."
] | [
"O",
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1105982-000119312504210832-dex991 | EX-99.1
3
dex991.htm
PRESS RELEASE
Press Release
Exhibit 99.1
December 7, 2004
Company Press Release
Source:
Sonic Innovations, Inc.
Contact:
Stephen L. Wilson
Andrew G. Raguskus
Senior Vice President and CFO
President and CEO
801-365-2804
801-365-2800
SONIC INNOVATIONS PURCHASES
TYMPANY, INC.
Sonic Innovations Announces the Formation of The Hearing
Health Network
™
and the Purchase of Tympany, Inc.
Company Aims to Significantly Expand Access For The Hearing-Impaired
Salt Lake City, Utah, December 7, 2004 - Sonic Innovations, Inc.
(Nasdaq: SNCI), today announced its plan to improve and expand access to hearing health care in the United States through the purchase of Tympany, Inc. and the creation of a new network - The Hearing Health Network
™
. "The Hearing Health Network is a collaboration between physicians and
hearing care professionals designed to significantly improve the identification, diagnosis and treatment of hearing-impaired individuals", stated Andy Raguskus, President and CEO of Sonic Innovations. Raguskus continued, "Physicians are
key influencers in the hearing-impaired patient's decision to seek help, but until now most physicians have lacked a referral system for patients requiring specialized hearing services".
The National Institute of Health estimates that of the 28 million Americans who suffer from
some degree of hearing loss, only 6 million (or one in five) are being treated with hearing amplification. According to MarkeTrak - the most widely recognized studies on the hearing aid industry - there are a number of barriers that
prevent these patients from seeking the professional help they need, including social stigma, denial and uncertainty about what to do. These same studies show that a hearing-impaired patient becomes five to eight times more likely to seek help when
advised to do so by his or her physician.
1
Professional organizations representing hearing care professionals and physicians recognize that Primary Care Physicians
need to become a critical resource for identifying hearing loss and recommending appropriate treatment. The Hearing Health Network advances these objectives by improving hearing loss identification by physicians and other health care providers and
increasing physician referrals to hearing care professionals.
Integral to
expanding physician involvement is providing physicians with effective tools to identify hearing loss. To provide such tools, Sonic Innovations is purchasing Tympany, Inc., a privately held audiological diagnostic equipment company headquartered
outside Houston, Texas. "Tympany's proprietary, automated diagnostic hearing testing device, the Otogram
™
, makes it possible for physicians to efficiently and effectively identify patients with hearing loss", stated Christopher L. Wasden,
President and CEO of Tympany. The Otogram removes many barriers associated with hearing loss identification and allows the physician to appropriately test and then refer hearing-impaired patients to hearing care professionals in The Hearing Health
Network. Terms and conditions of the acquisition include an upfront payment of $2 million in cash and Sonic Innovations stock and a significant earnout over three years depending on combined company results.
"By establishing a relationship with physicians that refer to a network of hearing care
professionals", stated Raguskus, "we are taking the first steps towards advancing the cause for better hearing and servicing a greatly underserved hearing-impaired population".
Sonic Innovations designs, develops, manufactures and markets advanced digital hearing aids
designed to provide the highest levels of satisfaction for hearing-impaired consumers. Capitalizing on its advanced understanding of human hearing, the Company has developed patented digital signal processing, or DSP, technologies and embedded them
in the smallest single-chip DSP platform ever installed in a hearing aid. The Company believes its hearing aids set the standard for consumer satisfaction because they deliver more natural, localized sound and can provide for better speech
intelligibility in the presence of background noise than competing hearing aids. For more information, please visit our website at
www.sonici.com
.
This press release contains "forward-looking statements" as defined under securities laws, including statements concerning the Company's plan to acquire
Tympany and establish The Hearing Health Network. Actual results may differ materially and adversely from those described herein depending on a number of factors, including an inability to develop The Hearing Health Network; competitive pressures
resulting in decreased unit sales, lower selling prices or significant promotional costs; general economic and hearing aid market conditions; the competitive performance and features of our products; changes in government healthcare systems and
reductions in reimbursement levels for hearing aids; distribution methods for our products causing difficulties in relationships with our customers; demand for and market acceptance of our existing and newly introduced products; reductions in orders
from larger customers; changes in our product or customer mix; delays in completing or introducing new products and the announcement or introduction of new products by our competitors; difficulties in integrating and managing acquired operations
that could result in poor performance and writedowns of acquired intangible assets; the effect of future acquisitions or strategic partnerships, if any; the effect of international conflicts and threats; inability to forecast revenue
2
accurately; nonpayment of receivables; additional costs associated with compliance with the Sarbanes-Oxley Act of 2002;
and other business factors beyond our control. For additional information regarding the risks inherent in our business, please see "Factors That May Affect Future Performance" included in our Annual Report on Form 10-K for the year ended
December 31, 2003, and in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2004, as filed with the Securities and Exchange Commission. We undertake no obligation to revise our forward-looking statements to reflect events or
circumstances after the date hereof as a result of new information, future events or otherwise.
3
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",",
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"Factors",
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1031028-000095013607003245-file3 | EX-99.1
3
file3.htm
PRESS RELEASE
EXHIBIT 99.1
[GSI GLOBECOMM SYSTEMS LOGO]
FOR IMMEDIATE RELEASE
GLOBECOMM SYSTEMS CLOSES ACQUISITION OF GLOBALSAT
DIVISION OF LYMAN BROS., INC.
HAUPPAUGE, N.Y., MAY 3, 2007 /BUSINESSWIRE/ -- Globecomm Systems Inc. (NASDAQ:
GCOM-News), a global provider of end-to-end satellite-based communications
solutions today announced the closing of its previously announced acquisition of
the GlobalSat division of Lyman Bros., Inc. effective April 30, 2007. The wholly
owned division will operate as Globecomm Services Maryland LLC.
Globecomm Systems had previously announced on April 23, 2007 that it had entered
into a definitive agreement to acquire the GlobalSat division of Lyman Bros.,
Inc. The acquisition accelerates Globecomm's strategy to penetrate the
government marketplace and when combined with the existing managed network
services business of the Company, significantly increases the existing recurring
revenue base.
Susquehanna Financial Group, LLP acted as a financial advisor to Globecomm on
this transaction.
David Hershberg, Chief Executive Officer and Chairman of Globecomm Systems Inc.,
said, "This acquisition solidifies Globecomm's presence as a key supplier of
end-to-end managed network services in the government marketplace. Bill Raney,
V.P. and General Manager of the division, is a well respected executive in the
industry and we look forward to working closely with Bill and his staff on
assuring the success of this transaction for years to come".
ABOUT GLOBECOMM SYSTEMS
Globecomm Systems Inc. provides end-to-end value-added satellite-based
communication products, services and solutions by leveraging its core satellite
ground segment systems and network capabilities, with its satellite
communication services capabilities. The products and services Globecomm offers
include pre-engineered systems, systems design and integration services, managed
network services and life cycle support services. Globecomm's customers include
communications service providers, commercial enterprises, broadcast and other
media and content providers and government and government-related entities.
Based in Hauppauge, New York, Globecomm Systems also maintains offices in
Washington, D.C., Hong Kong, the United Kingdom, the United Arab Emirates and
Afghanistan.
Certain of the statements contained in this press release may be deemed
forward-looking statements. Such statements, and other matters addressed in this
press release, involve a number of risks and uncertainties. Among the factors
that could cause actual results to differ materially from these statements and
matters include risks and other factors detailed, from time to time, in the
Company's reports filed with the Securities and Exchange Commission, including,
but not limited to, the Company's Annual Report on Form
10-K, its Quarterly Reports on Form 10-Q and its Current Reports on Form 8-K,
which the Company urges investors to consider. These risks and other factors
include, but are not limited to general and political and economic instability
in the United States and abroad, including the hostilities in Iraq and
Afghanistan.
CONTACT: Globecomm Systems Inc.
David Hershberg, 631-231-9800
or
Investor Relations:
Matthew Byron, 631-457-1301
or
Fax: 631-231-1557
info@globecommsystems.com
www.globecommsystems.com.
SOURCE: Globecomm Systems Inc.
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1042521-000111650207000034-exhibit991 | EX-99.1
5
exhibit991.htm
PRESS RELEASE
United States Securities & Exchange Commission EDGAR Filing
EXHIBIT 99.1
[LOGO OF THE CEREGHINO GROUP]
[LOGO OF SUN AMERICAN BANK]
Contact:
Michael Golden, CEO
Robert Nichols, CFO
561-826-0464
SUN AMERICAN BANCORP COMPLETES ACQUISITION OF BEACH BANK
BOCA RATON, FL - January 4, 2007 - Sun American Bancorp (AMEX: SBK), the bank holding company for Sun American Bank, announced today that it has completed its acquisition of Beach Bank. As a result of the acquisition, Sun American Bank acquired substantially all of the assets and assumed substantially all of the liabilities of Beach Bank, which operates two branches. Beach Bank had $127.1 million in assets as of September 30, 2006. At year end, Sun American operated fourteen branches in South Florida, including the two acquired from Beach Bank. Branches in West Delray Beach and Fort Lauderdale, Florida are the two most recent Sun American branches approved for opening.
"I want to thank the Beach Bank team and welcome our new customers, employees and shareholders to the Sun American family", said Michael Golden, President and CEO of Sun American Bancorp. "On January 2
nd
, all Beach Bank branches re-opened under the Sun American banner and we expect that all major system conversions will be completed by the end of February. The customers of Beach Bank will continue to be served by the same familiar faces they have always done business with and will receive the extraordinary level of local, personal service they have come to expect".
"The acquisition reflects our commitment to expanding into the high growth banking markets in South Florida", Golden continued. "Together, we are well positioned to take advantage of new business opportunities, and this acquisition allows us to leverage our existing franchise and deepen our relationship with our customers".
Also as previously reported, Sun American recently announced that they have entered into a definitive agreement and plan of merger for Sun American to acquire Independent Community Bank. Independent operates one branch in Tequesta, Florida located to the northeast of Jupiter, Florida. Independent is a privately held commercial bank with $123 million in assets and $99 million in deposits as of September 30, 2006. Both Sun American and Independent received a 5-star rating from Bauer Financial for the 2
nd
quarter of 2006. Sun American Bancorp expects that the merger will be completed in the first quarter of 2007 and will be immediately accretive to its earnings per share.
About Sun American Bancorp
Based in Boca Raton, Florida, Sun American Bancorp is the single-bank holding company of Sun American Bank, a state-chartered, federal member bank engaged in a general commercial and consumer banking business. Sun American Bank operates fourteen offices in Miami, Broward and Palm Beach Counties in Southeast Florida and has $331 million in total consolidated assets as of September 30, 2006. We anticipate closing the year at over $500 million in assets with the Beach Bank acquisition. For additional information, please visit our website at
www.sunamericanbank.com
.
Except for historical information containing herein, the matters set forth in this news release are "forward looking" statements, as defined in the Private Securities Litigation Reform Act of 1995. Although Sun American Bancorp believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions; there can be no assurance that its expectations will be realized. Forward-looking statements involve certain risks and uncertainties that could cause actual results to
differ materially from Sun American Bancorp's expectations. Factors that could contribute to such differences include those identified in Sun American Bancorp's Form 10-K for the year-ended December 31, 2005, and those described from time to time in Sun American's other filings with the Securities and Exchange Commission, news releases and other communications.
NOTE: Transmitted on Business Wire on January 4, 2007 at 4:39 p.m. EST.
2
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"immediately",
"accretive",
"to",
"its",
"earnings",
"per",
"share",
".",
"About",
"Sun",
"American",
"Bancorp",
"Based",
"in",
"Boca",
"Raton",
",",
"Florida",
",",
"Sun",
"American",
"Bancorp",
"is",
"the",
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"-",
"bank",
"holding",
"company",
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"Sun",
"American",
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",",
"a",
"state",
"-",
"chartered",
",",
"federal",
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"bank",
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"commercial",
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"banking",
"business",
".",
"Sun",
"American",
"Bank",
"operates",
"fourteen",
"offices",
"in",
"Miami",
",",
"Broward",
"and",
"Palm",
"Beach",
"Counties",
"in",
"Southeast",
"Florida",
"and",
"has",
"$",
"331 million",
"in",
"total",
"consolidated",
"assets",
"as",
"of",
"September",
"30",
",",
"2006",
".",
"We",
"anticipate",
"closing",
"the",
"year",
"at",
"over",
"$",
"500 million",
"in",
"assets",
"with",
"the",
"Beach",
"Bank",
"acquisition",
".",
"For",
"additional",
"information",
",",
"please",
"visit",
"our",
"website",
"at",
"www.sunamericanbank.com",
".",
"Except",
"for",
"historical",
"information",
"containing",
"herein",
",",
"the",
"matters",
"set",
"forth",
"in",
"this",
"news",
"release",
"are",
"\"",
"forward",
"looking",
"\"",
"statements",
",",
"as",
"defined",
"in",
"the",
"Private",
"Securities",
"Litigation",
"Reform",
"Act",
"of",
"1995",
".",
"Although",
"Sun",
"American",
"Bancorp",
"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",
"involve",
"certain",
"risks",
"and",
"uncertainties",
"that",
"could",
"cause",
"actual",
"results",
"to",
"differ",
"materially",
"from",
"Sun",
"American",
"Bancorp",
"'s",
"expectations",
".",
"Factors",
"that",
"could",
"contribute",
"to",
"such",
"differences",
"include",
"those",
"identified",
"in",
"Sun",
"American",
"Bancorp",
"'s",
"Form",
"10-K",
"for",
"the",
"year",
"-",
"ended",
"December",
"31",
",",
"2005",
",",
"and",
"those",
"described",
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"to",
"time",
"in",
"Sun",
"American",
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"other",
"filings",
"with",
"the",
"Securities",
"and",
"Exchange",
"Commission",
",",
"news",
"releases",
"and",
"other",
"communications",
".",
"NOTE",
":",
"Transmitted",
"on",
"Business",
"Wire",
"on",
"January",
"4",
",",
"2007",
"at",
"4",
":",
"39",
"p.m.",
"EST",
".",
"2"
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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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] |
84839-000008483908000059-acqhome991 | EX-99
3
acqhome991.htm
ADDITIONAL EXHIBIT-PRESS RELEASE
Exhibit 99.1
For Further Information Contact
Harry J. Cynkus
(404) 888-2922
Rollins, Inc. Completes Acquisition of HomeTeam Pest Defense from Centex
ATLANTA, GEORGIA,
April 3, 2008 -- Rollins, Inc. (NYSE: ROL), a premier North American consumer services company, announced today that it has completed its acquisition of subsidiaries of Centex Corporation (NYSE: CTX), through the purchase of assets, its pest control business, HomeTeam Pest Defense for a cash payment of approximately $137 million. HomeTeam Pest Defense recorded revenues of $134 million in 2007 related to its pest control business.
Prior to the acquisition, HomeTeam Pest Defense was established in 1996 and was recognized as a premier pest control business and ranked as the 4th largest company in the industry. Based in Dallas, TX, the company is the #1 pest management company servicing home builders with over 1,500 builder partners nationally and over 400,000 customers from over 50 branches.
Glen Rollins, Vice President of Rollins, Inc. and President of Orkin, Inc., who along with HomeTeam's leadership, is currently visiting with HomeTeam's co-workers commented, "We are impressed by the broad talent of the HomeTeam associates and look forward to learning a great deal from them. Working together, HomeTeam will be a great addition to our already outstanding Rollins team as we will improve operations and better serve over 2 million customers".
About Rollins
Rollins, Inc. is a premier North American consumer and commercial services company. Through its wholly owned subsidiaries, Orkin, Inc., PCO Services, HomeTeam Pest Defense, Western Pest Services, and The Industrial Fumigant Company, the Company provides essential pest control services and protection against termite damage, rodents and insects to approximately 2.1 million customers in the United States, Canada, Mexico, Central America, the Caribbean, the Middle East and Asia from over 500 locations. You can learn more about our subsidiaries by visiting our Web sites at www.orkin.com, www.pestdefense.com, www.westernpest.com, www.indfumco.com and www.rollins.com. You can also find this and other news releases at www.rollins.com by accessing the news releases button.
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
The above release contains statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The actual results of the Company could differ materially from those indicated by the forward-looking statements because of various risks and uncertainties, including without
limitation, general economic conditions; market risk; changes in industry practices or technologies; the degree of success of the Company's pest and termite process reforms and pest control selling and treatment methods; the Company's ability to identify potential acquisitions; climate and weather trends; competitive factors and pricing practices; the cost reduction benefits of the corporate restructuring may not be as great as expected or eliminated positions may have to be reinstated in the future; potential increases in labor costs; uncertainties of litigation; and changes in various government laws and regulations, including environmental regulations. All of the foregoing risks and uncertainties are beyond the ability of the Company to control, and in many cases the Company cannot predict the risks and uncertainties that could cause its actual results to differ materially from those
indicated by the forward-looking statements.
| [
"EX",
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"3",
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".",
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"subsidiaries",
"of",
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"(",
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"CTX",
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",",
"through",
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"its",
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"business",
",",
"HomeTeam",
"Pest",
"Defense",
"for",
"a",
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"payment",
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"$",
"137 million",
".",
"HomeTeam",
"Pest",
"Defense",
"recorded",
"revenues",
"of",
"$",
"134 million",
"in",
"2007",
"related",
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"its",
"pest",
"control",
"business",
".",
"Prior",
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"the",
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",",
"HomeTeam",
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"Defense",
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"recognized",
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"a",
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"pest",
"control",
"business",
"and",
"ranked",
"as",
"the",
"4th",
"largest",
"company",
"in",
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".",
"Based",
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",",
"TX",
",",
"the",
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"1",
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"management",
"company",
"servicing",
"home",
"builders",
"with",
"over",
"1,500",
"builder",
"partners",
"nationally",
"and",
"over",
"400,000",
"customers",
"from",
"over",
"50",
"branches",
".",
"Glen",
"Rollins",
",",
"Vice",
"President",
"of",
"Rollins",
",",
"Inc",
".",
"and",
"President",
"of",
"Orkin",
",",
"Inc",
".",
",",
"who",
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"with",
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"'s",
"leadership",
",",
"is",
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"visiting",
"with",
"HomeTeam",
"'s",
"co",
"-",
"workers",
"commented",
",",
"\"",
"We",
"are",
"impressed",
"by",
"the",
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"talent",
"of",
"the",
"HomeTeam",
"associates",
"and",
"look",
"forward",
"to",
"learning",
"a",
"great",
"deal",
"from",
"them",
".",
"Working",
"together",
",",
"HomeTeam",
"will",
"be",
"a",
"great",
"addition",
"to",
"our",
"already",
"outstanding",
"Rollins",
"team",
"as",
"we",
"will",
"improve",
"operations",
"and",
"better",
"serve",
"over",
"2",
"million",
"customers",
"\"",
".",
"About",
"Rollins",
"Rollins",
",",
"Inc",
".",
"is",
"a",
"premier",
"North",
"American",
"consumer",
"and",
"commercial",
"services",
"company",
".",
"Through",
"its",
"wholly",
"owned",
"subsidiaries",
",",
"Orkin",
",",
"Inc",
".",
",",
"PCO",
"Services",
",",
"HomeTeam",
"Pest",
"Defense",
",",
"Western",
"Pest",
"Services",
",",
"and",
"The",
"Industrial",
"Fumigant",
"Company",
",",
"the",
"Company",
"provides",
"essential",
"pest",
"control",
"services",
"and",
"protection",
"against",
"termite",
"damage",
",",
"rodents",
"and",
"insects",
"to",
"approximately",
"2",
".",
"1",
"million",
"customers",
"in",
"the",
"United",
"States",
",",
"Canada",
",",
"Mexico",
",",
"Central",
"America",
",",
"the",
"Caribbean",
",",
"the",
"Middle",
"East",
"and",
"Asia",
"from",
"over",
"500",
"locations",
".",
"You",
"can",
"learn",
"more",
"about",
"our",
"subsidiaries",
"by",
"visiting",
"our",
"Web",
"sites",
"at",
"www.orkin.com",
",",
"www.pestdefense.com",
",",
"www.westernpest.com",
",",
"www.indfumco.com",
"and",
"www.rollins.com",
".",
"You",
"can",
"also",
"find",
"this",
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935419-000101540205001749-ex99_1 | EX-99.1
3
ex99_1.txt
EXHIBIT 99.1
[GRAPHIC OMITTED]
RICK'S
CABARET
RICK'S CABARET INTERNATIONAL SELLS ITS "HOUSTON SOUTH" CLUB
HOUSTON - (April 6, 2005) - RICK'S CABARET INTERNATIONAL, INC. [RICK: NASDAQ]
said today it has sold its Houston South club for $550,000 to MBG ACQUISITION
LLC, a Delaware limited liability company. The transaction was completed on
March 31, 2005.
As part of the purchase agreement, the club at 15301 Gulf Freeway in Houston
will immediately be renamed by the new owners.
"We divested the Houston South location because it no longer matched the profile
for our flagship brand, which is larger upscale clubs located in busy travel and
commercial centers", said ERIC LANGAN, CEO of Rick's Cabaret. "We are exploring
other possibilities for an additional Rick's Cabaret in the Houston market that
will be in line with our corporate strategy".
Rick's Cabaret operates several other clubs in the Houston market, including
RICK'S CABARET NORTH, a large club near Houston International Airport; CLUB
ONYX, a newly renovated club in the Galleria section that caters to urban
gentlemen; an XTC CABARET all nude club in North Houston, and a dual-use venue
near Hobby Airport that includes an XTC Cabaret and HUMMERS SPORTS BAR. The
company also owns a Rick's Cabaret in Minneapolis, manages a 30,000-square-foot
club in Charlotte with an option to buy, and has purchased a club in midtown New
York City that will open this summer as a Rick's Cabaret. A Rick's Cabaret on
Bourbon Street in New Orleans operates as a licensed club.
ABOUT RICK'S CABARET
----------------------
Rick's Cabaret International, Inc. (www.ricks.com) owns and operates upscale
-------------
adult nightclubs serving primarily businessmen and professionals that offer live
adult entertainment, restaurant and bar operations. The company owns, operates
or licenses adult nightclubs in New York City, New Orleans, Houston, Minneapolis
and other cities under the names "Rick's Cabaret", "XTC", "Club Onyx" and
"Hummers." No sexual contact is permitted at any of these locations. Rick's
Cabaret also owns an adult Internet membership Web site, www.couplestouch.com,
--------------------
and a network of nine online auction sites for adult products under the flagship
URL www.naughtybids.com. Rick's Cabaret common stock is traded on the NASDAQ
-------------------
SmallCap market under the symbol RICK. For further information contact
ir@ricks.com.
------------
FORWARD-LOOKING STATEMENTS:
----------------------------
This press release may contain forward-looking information within the meaning of
Section 21E of the Securities Exchange Act of 1934 that involves significant
risks and uncertainties, and is subject to the safe harbors created by this
section. Important factors that could cause actual results for Rick's Cabaret to
differ materially from those indicated in this press release include the risks
and uncertainties as to the future operational and financial results of our Web
sites, conditions relevant to real estate transactions, the future operational
performance of our partners, the laws governing the operation of adult
entertainment businesses, competitive and economic factors, dependence on key
personnel and the ability to manage operations. Rick's Cabaret has no obligation
to update or revise the forward-looking statements to reflect the occurrence of
future events or circumstances. Please refer to the documents Rick's Cabaret
files from time to time with the Securities and Exchange Commission, in
particular the most recent quarterly reports on Form 10-QSB and annual report on
Form 10-KSB, which are available at the Company's website, www.ricks.com.
-------------
CONTACT FOR FURTHER INFORMATION: Allan Priaulx, 212-338-0050, ir@ricks.com
------------
| [
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"ABOUT",
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"-------------",
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"-------------------",
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"RICK",
".",
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"contact",
"ir@ricks.com",
".",
"------------",
"FORWARD",
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",",
"and",
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"to",
"the",
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"harbors",
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"by",
"this",
"section",
".",
"Important",
"factors",
"that",
"could",
"cause",
"actual",
"results",
"for",
"Rick",
"'s",
"Cabaret",
"to",
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"those",
"indicated",
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"this",
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"release",
"include",
"the",
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"and",
"uncertainties",
"as",
"to",
"the",
"future",
"operational",
"and",
"financial",
"results",
"of",
"our",
"Web",
"sites",
",",
"conditions",
"relevant",
"to",
"real",
"estate",
"transactions",
",",
"the",
"future",
"operational",
"performance",
"of",
"our",
"partners",
",",
"the",
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"the",
"operation",
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"adult",
"entertainment",
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",",
"competitive",
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"economic",
"factors",
",",
"dependence",
"on",
"key",
"personnel",
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"the",
"ability",
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".",
"Rick",
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"Cabaret",
"has",
"no",
"obligation",
"to",
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"revise",
"the",
"forward",
"-",
"looking",
"statements",
"to",
"reflect",
"the",
"occurrence",
"of",
"future",
"events",
"or",
"circumstances",
".",
"Please",
"refer",
"to",
"the",
"documents",
"Rick",
"'s",
"Cabaret",
"files",
"from",
"time",
"to",
"time",
"with",
"the",
"Securities",
"and",
"Exchange",
"Commission",
",",
"in",
"particular",
"the",
"most",
"recent",
"quarterly",
"reports",
"on",
"Form",
"10",
"-",
"QSB",
"and",
"annual",
"report",
"on",
"Form",
"10",
"-",
"KSB",
",",
"which",
"are",
"available",
"at",
"the",
"Company",
"'s",
"website",
",",
"www.ricks.com",
".",
"-------------",
"CONTACT",
"FOR",
"FURTHER",
"INFORMATION",
":",
"Allan",
"Priaulx",
",",
"212",
"-",
"338",
"-",
"0050",
",",
"ir@ricks.com",
"------------"
] | [
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790708-000119312505070723-dex991 | EX-99.1
2
dex991.htm
PRESS RELEASE OF IMPCO TECHNOLOGIES, INC. DATED APRIL 4, 2005
Press release of IMPCO Technologies, Inc. dated April 4, 2005
Exhibit 99.1
IMPCO Technologies Announces Completion of BRC Acquisition
Cerritos, California // April 4, 2005 // PRNewswire // IMPCO Technologies, Inc. (Nasdaq:
"IMCO") announced today that it has completed the acquisition of B.R.C., Societa a Responsibilita Limitata, headquartered in Cherasco, Italy. BRC is a leading developer and manufacturer of alternative fuel systems and components. This was
the final step in this transaction, which involved a purchase of 50% of BRC's outstanding equity interests from its founders, Mariano Costamagna and Pier Antonio Costamagna. In exchange for the founders' equity interest the company issued
5,098,284 shares of IMPCO common stock and paid approximately US$10 million in cash. IMPCO previously had acquired 50% of BRC's equity interest from the founders and their families in a series of related transactions between October 2002 and
July 2003.
In connection with this transaction, Mariano Costamagna became
IMPCO's chief executive officer on January 1, 2005. Mr. Costamagna was very optimistic about the outcome of the closing of the transaction, saying that, "We are very happy to have completed this transaction, which represents the
culmination of nearly three years' work and solidifies the relationship between these companies. Most importantly, we can now begin to focus our attention on our core business operations: using our financial resources efficiently to exploit
what appears to be tremendous market potential. With the recent, rapid increases in the cost of crude oil", Mr. Costamagna noted, "there has never been a better time for us to improve our operations and our financial results." In
order to realize on these opportunities, Mr. Costamagna stated that the new management team will:
.
Make the best efforts to reduce operating costs with the tremendous synergies that we expect to generate as a consequence of the transaction.
.
Approach the company's business from a commercial perspective, "focusing on our core competencies of developing, designing and manufacturing alternative fuel systems
components", said Mr. Costamagna.
.
Adopt a plan for restructuring the company to improve operating efficiency and reliability.
.
Leverage the complementary product and geographic strengths that exist among the newly combined entities, IMPCO and BRC.
IMPCO also announced the appointment of a new independent director, Marco Di Toro. Mr. Di
Toro is a partner in the law firm of Grosso, de Rienzo, Riscossa, Gerlin e Associati in Turin, Italy and holds a law degree from Università Cattolica del Sacro Cuore, Milan (Catholic University of Sacred Heart of Jesus, Milan). Mr. Di Toro is
expected to serve on the company's nominating committee and compensation committee.
Cautionary Statement about Forward Looking Information
Except for historical information, the statements, expectations and assumptions contained in
the foregoing press release are forward-looking statements. Forward-looking statements in this release include, but are not limited to, management's expectations regarding the success of our plans to integrate the businesses and realize the
synergies and other benefits we expect from the transaction. Such statements are subject to a number of risks and uncertainties, and actual results could differ materially from those discussed in any forward-looking statement. Factors that could
cause actual results to differ materially from such forward-looking statements include, among other factors, the reaction of the securities markets to changes in our management and business strategy; our ability effectively to integrate our
management team as the transition continues; the combined company's ability to meet OEM specifications; the success of our recently announced programs with strategic partners; factors that impact growth in international markets; and the level
and success of the company's development programs with OEMs. Readers also should consider the risk factors set forth from time to time in the company's SEC reports, including but not limited to those contained in the section entitled
"Management's Discussion & Analysis of Financial Condition and Results of Operation - Risk Factors" in its annual report on Form 10-K for the fiscal year ended December 31, 2003. The company does not undertake to update or
revise any of its forward-looking statements even if experience or future changes show that the indicated results or events will not be realized.
About IMPCO Technologies
IMPCO Technologies, Inc., along with its wholly owned subsidiary, BRC, S.r.l., is a leading source of advanced alternative fuel systems technology and components for
internal combustion engines. Our products enable these engines to function using efficient, environmentally friendly gaseous fuels such as propane, natural gas and biogas. IMPCO/BRC products improve efficiency and performance while reducing
emissions. IMPCO is a major supplier to original equipment manufacturers and the aftermarket in the bus and truck, industrial and power generation markets, as well as to the automotive aftermarket. BRC is a world leader in alternative fuel systems
in the automobile and light transportation sectors. IMPCO and BRC support a global aftermarket through a network of more than 400 distributors and dealers, and 12 regional offices.
For further information, please contact Dale Rasmussen, Vice President, Investor Relations.
Phone: +1-206-315-8242
Fax: +1-206-315-8301
| [
"EX",
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"99",
".",
"1",
"2",
"dex991",
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",",
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"alternative",
"fuel",
"systems",
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1455271-000129993310000999-exhibit1 | EX-99.1
2
exhibit1.htm
EX-99.1
EX-99.1
1551 N. Tustin Avenue, Suite 300
Santa Ana, CA 92705
714.667.8252 main
714.667.6860 fax
www.gbe-reits.com/healthcare2
Contact: Damon Elder
Phone: 714.975.2659
Email: damon.elder@grubb-ellis.com
Grubb & Ellis Healthcare REIT II Acquires
Lacombe Medical Office Building Near New Orleans
NEW ORLEANS (March 10, 2010) - Grubb & Ellis Healthcare REIT II, Inc. today announced the
acquisition of Lacombe Medical Office Building, an approximately 34,000-square-foot, multi-tenant
medical facility in the New Orleans suburb of Lacombe. The acquisition closed on March 5, 2010.
Located at 64030 Highway 434, Lacombe Medical Office Building is on the campus of, and physically
connected to, Louisiana Medical Center and Heart Hospital, named one of the nation's 100 Top
Hospitals® for cardiovascular care by Thomson Reuters in 2008. In 2009, the hospital completed a
$40 million, 120-bed, 109,000-square-foot patient tower, which more than tripled its patient
capacity.
"As a fully leased facility located on the campus of a thriving medical center, Lacombe Medical
Office Building is an ideal acquisition for Grubb & Ellis Healthcare REIT II", said Danny Prosky,
president and chief operating officer. "Additionally, this off-market acquisition is attractively
priced and will be immediately accretive to our bottom line".
Lacombe Medical Office Building is 100 percent leased to five tenants, all of which specialize in
the field of cardiac surgery. The property was acquired from CC Lacombe, LLC, an unaffiliated
third party, represented by Doug Connell of Grubb & Ellis Company. Grubb & Ellis Healthcare REIT
II financed this acquisition with cash proceeds received from its offering.
About Grubb & Ellis Healthcare REIT II
Grubb & Ellis Healthcare REIT II, Inc. intends to qualify as a real estate investment trust that
seeks to preserve, protect and return investors' capital contributions, pay regular cash
distributions, and realize growth in the value of its investments upon the ultimate sale of such
investments. Grubb & Ellis Healthcare REIT II is seeking to raise up to approximately $3 billion
in equity and to acquire a diversified portfolio of real estate assets, focusing primarily on
medical office buildings and other healthcare-related facilities.
Grubb & Ellis Healthcare REIT II is sponsored by Grubb & Ellis Company (NYSE: GBE). Named to
The
Global Outsourcing 100™
in 2009 by the International Association of Outsourcing Professionals™,
Grubb & Ellis is one of the largest and most respected commercial real estate services and
investment companies in the world. Grubb & Ellis Company's 6,000 professionals in more than 130
company-owned and affiliate offices draw from a unique platform of real estate services, practice
groups and investment products to deliver comprehensive, integrated solutions to real estate
owners, tenants and investors. The firm's transaction, management, consulting and investment
services are supported by highly regarded proprietary market research and extensive local
expertise. Through its investment subsidiaries, the company is a leading sponsor of real estate
investment programs that provide individuals and institutions the opportunity to invest in a broad
range of real estate investment vehicles, including public non-traded real estate investment trusts
(REITs), mutual funds and other real estate investment funds. For more information, visit
www.grubb-ellis.com
.
* * *
This release contains certain forward-looking statements (under Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) with
respect to the value of the acquisition of Lacombe Medical Office Building, its occupancy, whether
its proximity to Louisiana Medical Center and Heart Hospital is advantageous, and the property
being immediately accretive to our bottom line. Because such statements include risks,
uncertainties and contingencies, actual results may differ materially from those expressed or
implied by such forward-looking statements. These risks, uncertainties and contingencies include,
but are not limited to, the following: the strength and financial condition of Lacombe Medical
Office Building, its tenants and/or the Louisiana Medical Center and Heart Hospital; uncertainties
relating to the local economy of the Greater New Orleans region; uncertainties relating to changes
in general economic and real estate conditions; uncertainties regarding changes in the healthcare
industry; the uncertainties relating to the implementation of our real estate investment strategy;
and other risk factors as outlined in the company's prospectus, as amended from time to time, and
as detailed from time to time in our periodic reports, as 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 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.
THIS IS NEITHER AN OFFER TO SELL NOR AN OFFER TO BUY ANY SECURITIES DESCRIBED HEREIN.
OFFERINGS ARE MADE ONLY BY MEANS OF A PROSPECTUS OR OFFERING MEMORANDUM.
###
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22551-000116267710000293-tv122110pr | EX-99.1
2
tv122110pr.htm
PRESS RELEASE
tv122110pr.htm
Exhibit 99.1
Tri-Valley Corporation Reaches Definitive Agreement
to Sell Its Admiral Calder Quarry in Alaska
All Cash Transaction Strengthens
Capital Structure by Approximately $1.5 Million
Bakersfield, CA, December 22, 2010
- Tri-Valley Corporation (NYSE Amex: TIV) today announced a definitive agreement with Columbia River Carbonates for the sale of its Admiral Calder calcium carbonate quarry located on Prince of Wales Island in Alaska. The total purchase price was $2.5 million, structured in an all-cash transaction. Closing is expected by the end of the year.
Tri-Valley anticipates it will net $1.5 million in cash proceeds from the proposed transaction and expects to generate a gain on the sale of $1.4 million.
"The proceeds from the sale of our Admiral Calder property and retirement of $1.0 million in related debt significantly strengthen our Company's capital structure", stated Mr. Maston N. Cunningham, President and CEO of Tri-Valley Corporation. "With this transaction, the recent sale of Series A convertible preferred stock to our Chairman (resulting in $3.6 million in additional equity), and the issuance of additional shares under the shelf registration that we announced on November 3
rd
, we believe we are close to complying with the shareholders' equity required to maintain our listing on the NYSE Amex".
"This important milestone for Tri-Valley is the first step in the execution of our previously-announced strategy to monetize our mineral assets in Alaska", continued Mr. Cunningham. "We continue to seek a strong operational partner with financial resources to assist us in the development of our Shorty Creek gold prospect in Alaska. Our operational focus remains on driving oil production at our Pleasant Valley oil sands project in Oxnard and the Claflin oil project near Bakersfield, California. We believe these efforts will result in enhanced valuation for our shareholders as we demonstrate growth in revenue from oil production and the ability to generate cash from operations".
C. K. Cooper & Company acted as financial advisor to the Company in the transaction.
About Tri-Valley
Tri-Valley Corporation explores for and produces oil and natural gas in California, and has two exploration-stage gold properties in Alaska. Tri-Valley is incorporated in Delaware and is publicly traded on the NYSE Amex exchange under the symbol "TIV." Our Company website, which includes all SEC filings, is
www.tri-valleycorp.com
.
Forward-looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. Actual results, events, and performance could vary materially from those contemplated by these forward-looking statements which include such words and phrases as exploratory, wildcat, prospect, speculates, unproved, prospective, very large, expect, potential, etc. Among the factors that could cause actual results, events, and performance to differ materially are risks and uncertainties discussed in "Item IA. Risk Factors" and "Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations" contained in the Company's Annual Report on Form 10-K for the year ended December 31, 2009, and in "Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations" as disclosed in the Company's Quarterly Report on Form 10-Q for the most recent quarter ended September 30, 2010.
Company Contact:
Investor Contacts:
Media Contact:
Tri-Valley Corporation
EVC Group, Inc.
EVC Group, Inc.
John Durbin, 661-864-0500
Doug Sherk, 415-896-6820
Chris Gale, 646-201-5431
jdurbin@tri-valleycorp.com
dsherk@evcgroup.com
cgale@evcgroup.com
Jenifer Kirtland, 415-896-6820
jkirtland@evcgroup.com
| [
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] |
1208261-000129993312001526-exhibit6 | EX-99.1
7
exhibit6.htm
EX-99.1
EX-99.1
Contacts
EpiCept Corporation:
Investors:
777 Old Saw Mill River Road
LHA
Tarrytown, NY 10591
Kim Sutton Golodetz
Robert W. Cook
(212) 838-3777
(914) 606-3500
kgolodetz@lhai.com
rcook@epicept.com
or
Bruce Voss
(310) 691-7100
bvoss@lhai.com
@LHA_IR_PR
Media:
Feinstein Kean Healthcare
Greg Kelley
(617) 577-8110
gregory.kelley@fkhealth.com
EpiCept Transfers Ceplene Responsibilities in European Union and Sells License Rights to
Meda
Only Territory Already Licensed to Meda Affected
TARRYTOWN, N.Y. (June 19, 2012)
- EpiCept Corporation (Nasdaq OMX Stockholm Exchange and
OTCQX: EPCT) today announced that it has sold all of its rights to Ceplene® in the territories
previously licensed to Meda AB, and a portion of its remaining Ceplene® inventory, to Meda for
approximately $2.6 million in cash and the assumption of EpiCept's ongoing responsibilities related
to the manufacture and maintenance of the marketing authorization of Ceplene® in the European
Union. The cash received from this transaction together with the savings from future expenses,
after making a partial prepayment on EpiCept's existing term loan with MidCap Financial LLC of
approximately $0.8 million, will enable EpiCept to operate into the fourth quarter 2012 without
further financing.
Under the terms of the transaction, Meda has as of the closing date assumed responsibility for the
manufacturing of Ceplene® in the territories previously licensed to Meda and will absorb all of the
remaining expenses relating to the post-approval clinical study of Ceplene
®
that is
required by the European Medicines Agency (EMA). EpiCept has also agreed to relinquish all future
milestone payments and royalty on future sales of Ceplene® by Meda. In conjunction with the
closing of this transaction EpiCept will close its EpiCept GmbH facility in Munich, Germany.
Jack Talley, President and CEO of EpiCept, commented, "This transaction is important to EpiCept
because it strengthens our liquidity position, saves capital by eliminating our ongoing financial
commitment to Ceplene® in Europe, and allows us to focus resources on our other products in
development, notably AmiKet™. We are pleased that we have been able to complete this transaction
and look forward to working closely with Meda in the transitioning efforts".
EpiCept maintains full ownership of Ceplene® in those countries not previously licensed to Meda,
including all of North and South America. The Company's agreement with Megapharm Ltd. for the
sales of Ceplene® in Israel is not a part of the transaction.
SunTrust Robinson Humphrey, Inc. acted as financial adviser to EpiCept in this transaction.
EpiCept engaged SunTrust Robinson Humphrey, Inc. in January 2012 to assist in exploring strategic
alternatives to maximize the commercial opportunity of AmiKet™ for the treatment of CIPN following
taxane-based therapy. The sale of licensed Ceplene® rights to Meda provides additional liquidity
to the Company's operations and may enhance EpiCept's ability to finalize a transaction with
potential acquirers or with investors or licensors of AmiKet™.
About EpiCept Corporation
EpiCept is focused on the development and commercialization of pharmaceutical products for the
treatment of pain and cancer. The Company's pain portfolio includes AmiKet™, a prescription topical
analgesic cream in late-stage clinical development designed to provide effective long-term relief
of pain associated with peripheral neuropathies. The Company's lead oncology product is
Ceplene
®
, which has been granted full marketing authorization by the European Commission
for the remission maintenance and prevention of relapse in adult patients with Acute Myeloid
Leukemia (AML) in first remission. The Company has other oncology drug candidates currently in
clinical development that were discovered using in-house technology and have been shown to act as
vascular disruption agents in a variety of solid tumors.
Forward-Looking Statements
This news release and any oral statements made with respect to the information contained in this
news release contain forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements include statements which express
plans, anticipation, intent, contingency, goals, targets, future development and are otherwise not
statements of historical fact. These statements are based on our current expectations and are
subject to risks and uncertainties that could cause actual results or developments to be materially
different from historical results or from any future results expressed or implied by such
forward-looking statements. Factors that may cause actual results or developments to differ
materially include: the risk that Ceplene
®
will not receive regulatory approval or
marketing authorization in the United States or Canada, the risk that Ceplene
®
will not
achieve significant commercial success, the risk that any required post-approval clinical study for
Ceplene
®
will not be successful, the risk that we will not be able to maintain our final
regulatory approval or marketing authorization for Ceplene
®
, the risks associated with
the adequacy of our existing cash resources and our ability to continue as a going concern, the
risks associated with our ability to continue to meet our obligations under our existing debt
agreements, the risk that Azixa™ will not receive regulatory approval or achieve significant
commercial success, the risk that we will not receive any significant payments under our agreement
with Myrexis, the risk that clinical trials for AmiKet™ or crolibulin
TM
will not be
successful, the risk that AmiKet™ or crolibulin
TM
will not receive regulatory approval
or achieve significant commercial success, the risk that we will not be able to find a partner to
help conduct the Phase III trials for AmiKet™ on attractive terms, a timely basis or at all, the
risk that our other product candidates that appeared promising in early research and clinical
trials do not demonstrate safety and/or efficacy in larger-scale or later-stage clinical trials,
the risk that we will not obtain approval to market any of our product candidates, the risks
associated with dependence upon key personnel, the risks associated with reliance on collaborative
partners and others for further clinical trials, development, manufacturing and commercialization
of our product candidates; the cost, delays and uncertainties associated with our scientific
research, product development, clinical trials and regulatory approval process; our history of
operating losses since our inception; the highly competitive nature of our business; risks
associated with litigation; and risks associated with our ability to protect our intellectual
property. These factors and other material risks are more fully discussed in our periodic reports,
including our reports on Forms 8-K, 10-Q and 10-K and other filings with the U.S. Securities and
Exchange Commission. You are urged to carefully review and consider the disclosures found in our
filings which are available at or at
www.epicept.com
. You are cautioned not to place undue
reliance on any forward-looking statements, any of which could turn out to be wrong due to
inaccurate assumptions, unknown risks or uncertainties or other risk factors.
*Azixa is a registered trademark of Myrexis, Inc
.
# # #
EPCT-GEN
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"Corporation",
"EpiCept",
"is",
"focused",
"on",
"the",
"development",
"and",
"commercialization",
"of",
"pharmaceutical",
"products",
"for",
"the",
"treatment",
"of",
"pain",
"and",
"cancer",
".",
"The",
"Company",
"'s",
"pain",
"portfolio",
"includes",
"AmiKet",
"™",
",",
"a",
"prescription",
"topical",
"analgesic",
"cream",
"in",
"late",
"-",
"stage",
"clinical",
"development",
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"to",
"provide",
"effective",
"long",
"-",
"term",
"relief",
"of",
"pain",
"associated",
"with",
"peripheral",
"neuropathies",
".",
"The",
"Company",
"'s",
"lead",
"oncology",
"product",
"is",
"Ceplene",
"®",
",",
"which",
"has",
"been",
"granted",
"full",
"marketing",
"authorization",
"by",
"the",
"European",
"Commission",
"for",
"the",
"remission",
"maintenance",
"and",
"prevention",
"of",
"relapse",
"in",
"adult",
"patients",
"with",
"Acute",
"Myeloid",
"Leukemia",
"(",
"AML",
")",
"in",
"first",
"remission",
".",
"The",
"Company",
"has",
"other",
"oncology",
"drug",
"candidates",
"currently",
"in",
"clinical",
"development",
"that",
"were",
"discovered",
"using",
"in",
"-",
"house",
"technology",
"and",
"have",
"been",
"shown",
"to",
"act",
"as",
"vascular",
"disruption",
"agents",
"in",
"a",
"variety",
"of",
"solid",
"tumors",
".",
"Forward",
"-",
"Looking",
"Statements",
"This",
"news",
"release",
"and",
"any",
"oral",
"statements",
"made",
"with",
"respect",
"to",
"the",
"information",
"contained",
"in",
"this",
"news",
"release",
"contain",
"forward",
"-",
"looking",
"statements",
"within",
"the",
"meaning",
"of",
"the",
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"Securities",
"Litigation",
"Reform",
"Act",
"of",
"1995",
".",
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"-",
"looking",
"statements",
"include",
"statements",
"which",
"express",
"plans",
",",
"anticipation",
",",
"intent",
",",
"contingency",
",",
"goals",
",",
"targets",
",",
"future",
"development",
"and",
"are",
"otherwise",
"not",
"statements",
"of",
"historical",
"fact",
".",
"These",
"statements",
"are",
"based",
"on",
"our",
"current",
"expectations",
"and",
"are",
"subject",
"to",
"risks",
"and",
"uncertainties",
"that",
"could",
"cause",
"actual",
"results",
"or",
"developments",
"to",
"be",
"materially",
"different",
"from",
"historical",
"results",
"or",
"from",
"any",
"future",
"results",
"expressed",
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"implied",
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"such",
"forward",
"-",
"looking",
"statements",
".",
"Factors",
"that",
"may",
"cause",
"actual",
"results",
"or",
"developments",
"to",
"differ",
"materially",
"include",
":",
"the",
"risk",
"that",
"Ceplene",
"®",
"will",
"not",
"receive",
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"approval",
"or",
"marketing",
"authorization",
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"States",
"or",
"Canada",
",",
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"®",
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"achieve",
"significant",
"commercial",
"success",
",",
"the",
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"any",
"required",
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"-",
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",",
"the",
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"not",
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"regulatory",
"approval",
"or",
"marketing",
"authorization",
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"®",
",",
"the",
"risks",
"associated",
"with",
"the",
"adequacy",
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"existing",
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"our",
"ability",
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"continue",
"as",
"a",
"going",
"concern",
",",
"the",
"risks",
"associated",
"with",
"our",
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"to",
"meet",
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"debt",
"agreements",
",",
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"or",
"achieve",
"significant",
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",",
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"the",
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",",
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"will",
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"receive",
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"achieve",
"significant",
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",",
"the",
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",",
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"the",
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"stage",
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",",
"the",
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"that",
"we",
"will",
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"obtain",
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"market",
"any",
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",",
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",",
"the",
"risks",
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"reliance",
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"others",
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"clinical",
"trials",
",",
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",",
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"the",
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",",
"delays",
"and",
"uncertainties",
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"scientific",
"research",
",",
"product",
"development",
",",
"clinical",
"trials",
"and",
"regulatory",
"approval",
"process",
";",
"our",
"history",
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"operating",
"losses",
"since",
"our",
"inception",
";",
"the",
"highly",
"competitive",
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"our",
"business",
";",
"risks",
"associated",
"with",
"litigation",
";",
"and",
"risks",
"associated",
"with",
"our",
"ability",
"to",
"protect",
"our",
"intellectual",
"property",
".",
"These",
"factors",
"and",
"other",
"material",
"risks",
"are",
"more",
"fully",
"discussed",
"in",
"our",
"periodic",
"reports",
",",
"including",
"our",
"reports",
"on",
"Forms",
"8",
"-",
"K",
",",
"10",
"-",
"Q",
"and",
"10",
"-",
"K",
"and",
"other",
"filings",
"with",
"the",
"U",
".",
"S",
".",
"Securities",
"and",
"Exchange",
"Commission",
".",
"You",
"are",
"urged",
"to",
"carefully",
"review",
"and",
"consider",
"the",
"disclosures",
"found",
"in",
"our",
"filings",
"which",
"are",
"available",
"at",
"or",
"at",
"www.epicept.com",
".",
"You",
"are",
"cautioned",
"not",
"to",
"place",
"undue",
"reliance",
"on",
"any",
"forward",
"-",
"looking",
"statements",
",",
"any",
"of",
"which",
"could",
"turn",
"out",
"to",
"be",
"wrong",
"due",
"to",
"inaccurate",
"assumptions",
",",
"unknown",
"risks",
"or",
"uncertainties",
"or",
"other",
"risk",
"factors",
".",
"*",
"Azixa",
"is",
"a",
"registered",
"trademark",
"of",
"Myrexis",
",",
"Inc",
".",
"#",
"#",
"#",
"EPCT",
"-",
"GEN"
] | [
"O",
"O",
"O",
"O",
"O",
"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",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"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",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"B-Advisors.GENERIC_CONSULTING_COMPANY",
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"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",
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"O",
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"O",
"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"B-Parties.BUYING_COMPANY",
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"O",
"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
"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",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"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",
"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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"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",
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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",
"O",
"O",
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"O",
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"O",
"O",
"O",
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"O",
"O",
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1372305-000114420407038039-v081621_ex99-1 | EX-99.1
4
v081621_ex99-1.htm
Press
Release Source: MSTI Holdings, Inc.
FOR
IMMEDIATE RELEASE
MSTI
Holdings (NuVisions(TM)) Gains over 2,000 Customers at Newport on Jersey City's
Hudson River Waterfront
Provider
of "Quadruple Play" Technology Doubles Customer Base
Monday
July 23,
HAWTHORNE,
N.J., July 23 /PRNewswire-FirstCall/ -- MSTI Holdings, Inc. (OTC Bulletin Board:
MSHI - News), a carrier class communications technology company that specializes
in providing "quadruple play" services consisting of video, voice, Internet
and
Wi-Fi to multi-tenant unit and multi-dwelling unit residential, hospitality
and
commercial properties, announced today that its wholly-owned subsidiary,
Microwave Satellite Technologies, Inc. (NuVisions(TM)), has doubled its current
customer base by acquiring over 2,000 new residential and commercial
telecommunications subscribers at Newport, a vast mixed-use community in Jersey
City, N.J. being developed by the LeFrak Organization. The Company also has
leased 1400 square feet of space in Newport Office Center I.
"Our
agreement with Newport not only provides us with an opportunity to increase
our
revenue by doubling our customer base, but it affords access to the tremendous
portfolio of the LeFrak Organization", remarked Frank Matarazzo, CEO and founder
of MST (NuVisions(TM)). "We will now be providing our bundle of data and video
products to over 120 commercial customers, including Marriott, Sears, and UBS
Financial, which advances our strategy of gaining high-revenue business
subscribers who may have been underserved or ignored by our competitors in
the
region."
MST
will
also launch its new IPTV service to Newport's residential and business
customers, who will have access to this advanced service due to the community's
existing bandwidth infrastructure. The Company's new location in Newport will
mark a major accomplishment for MST (NuVisions(TM)), as it continues to expand
beyond Manhattan.
"We're
very pleased to have entered into this agreement with Microwave Satellite
Technologies", said Jamie LeFrak, Managing Director of the LeFrak Organization.
"It allows us to offer state-of-the-art services to our Newport tenants. We
also
anticipate working with them to identify other opportunities to extend their
services throughout the LeFrak portfolio".
The
plan
is for Newport to expand to more than 10,000 residential units, thereby making
it one of the largest mixed-use communities in the United States. Located across
the Hudson River from New York City's financial district, Newport offers
commuters an easy 6-minute ride to Manhattan on the PATH subway
system.
About
Newport
Newport
currently consists of 4,659 apartment homes; 5 million square feet of office
space in eight modern buildings; 2 million square feet of retail shopping
facilities, including a 1.2 million square foot Simon regional shopping mall;
a
190-room business hotel; restaurants; parks; playgrounds; two private schools;
one half mile section of the Hudson River Waterfront Walkway; a 180-slip marina;
and on-site parking for more than 14,000 vehicles. When completed, the $10
billion Newport will include another 4,500 apartment homes; a 400-room Westin
Hotel, currently under construction; 2 million square feet of new office space;
and another mile of Hudson River Waterfront Walkway.
About
The
LeFrak Organization
The
LeFrak Organization is one of the nation's largest privately held diversified
real estate companies. It is involved in the development of large scale mixed
use communities, commercial and residential properties, on-site property
management, as well as commercial interests in investment management, oil and
gas exploration, and wind generated energy. Founded in 1901 - and headquartered
in New York City - the LeFrak Organization has been acclaimed internationally
for its commitment to responsible community development and environmental
preservation.
About
MST
(NuVisions (TM))
MST
(NuVisions(TM)), a trademarked-brand of services of Microwave Satellite
Technologies, Inc., offers "quadruple-play" services, including digital
satellite TV programming, Voice over Internet Protocol telephone (VoIP),
high-speed Internet access, and Wi-Fi services to multi-dwelling unit and
commercial properties in New York and New Jersey. For more information, please
visit www.nuvisionsbroadband.tv.
About
MSTI Holdings, Inc.
MSTI
Holdings, Inc. (MSHI.OB) is a communications technology company that specializes
in video to the desktop, video conferencing, distance learning, two-way data,
and Internet access services. MSTI offers complete sales, installation, and
service of VSAT and business television networks, and is a full-service national
Internet Service Provider (ISP), offering the latest in web hosting and design.
MSTI's MST (NuVisions(TM)) broadband services offer cable television, cable
modem high-speed Internet, and telephone services to multi-family residences,
commercial buildings, and institutional owners. MSTI delivers its services
using
microwave and fiber optic technology for superior performance, and now offers
over 40 channels of high definition television (HDTV). MSTI has recently begun
deployment of its new Interactive Wi-Fi, hot- zone system that will offer
wireless Internet service in large geographic areas of New York City, and is
introducing the newest Powerline Carrier (PLC) technology to high-speed Internet
users in apartment buildings, hotels, and business environments. For more
information, visit our websites at www.mst-online.com and www.nuvisions.tv.
About
Telkonet
Telkonet
Inc. (Amex: TKO) develops products that provide connectivity over existing
electrical wiring and do not require the costly installation of additional
wiring or major disruption of business activity. Telkonet provides Powerline
Carrier (PLC) technology to high-speed Internet users in apartment buildings,
hotels, and business environments. Telkonet's products are designed for use in
commercial and residential applications, including multi-dwelling units and
the
hospitality and government markets. For more information, please visit
www.telkonet.com.
For
interviews with MSTI Holdings, Inc. and MST (NuVisions™) CEO and Founder Frank
Matarazzo, please contact Adam Mazur at 212-843-8073 or email amazur@rubensteinpr.com.
For
inquiries regarding investor relations, please contact Charlie Forshee at
215-885-4981 or cforshee@segue.biz.
Safe
Harbor Statement
Statements
included in this release may constitute forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. Such statements
involve a number of risks and uncertainties such as competitive factors,
technological development, market demand and the Company's ability to obtain
new
contracts and accurately estimate net revenues due to variability in size,
scope
and duration of projects, and internal issues in the sponsoring client. Further
information on potential factors that could affect the Company's financial
results, can be found in the Company's Report on Forms 8-K filed with the
Securities and Exchange Commission (SEC) on May 30, 2007.
--------------------------------------------------------------------------------
Source:
MSTI Holdings, Inc.
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",",
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"-",
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"access",
",",
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"-",
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"services",
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"-",
"dwelling",
"unit",
"and",
"commercial",
"properties",
"in",
"New",
"York",
"and",
"New",
"Jersey",
".",
"For",
"more",
"information",
",",
"please",
"visit",
"www.nuvisionsbroadband.tv",
".",
"About",
"MSTI",
"Holdings",
",",
"Inc",
".",
"MSTI",
"Holdings",
",",
"Inc",
".",
"(",
"MSHI",
".",
"OB",
")",
"is",
"a",
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"technology",
"company",
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"to",
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",",
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"conferencing",
",",
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"learning",
",",
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"-",
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",",
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".",
"MSTI",
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",",
"installation",
",",
"and",
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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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",",
"and",
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"owners",
".",
"MSTI",
"delivers",
"its",
"services",
"using",
"microwave",
"and",
"fiber",
"optic",
"technology",
"for",
"superior",
"performance",
",",
"and",
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"offers",
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"40",
"channels",
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"(",
"HDTV",
")",
".",
"MSTI",
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"-",
"Fi",
",",
"hot",
"-",
"zone",
"system",
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"Internet",
"service",
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"areas",
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"York",
"City",
",",
"and",
"is",
"introducing",
"the",
"newest",
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"Carrier",
"(",
"PLC",
")",
"technology",
"to",
"high",
"-",
"speed",
"Internet",
"users",
"in",
"apartment",
"buildings",
",",
"hotels",
",",
"and",
"business",
"environments",
".",
"For",
"more",
"information",
",",
"visit",
"our",
"websites",
"at",
"www.mst-online.com",
"and",
"www.nuvisions.tv",
".",
"About",
"Telkonet",
"Telkonet",
"Inc",
".",
"(",
"Amex",
":",
"TKO",
")",
"develops",
"products",
"that",
"provide",
"connectivity",
"over",
"existing",
"electrical",
"wiring",
"and",
"do",
"not",
"require",
"the",
"costly",
"installation",
"of",
"additional",
"wiring",
"or",
"major",
"disruption",
"of",
"business",
"activity",
".",
"Telkonet",
"provides",
"Powerline",
"Carrier",
"(",
"PLC",
")",
"technology",
"to",
"high",
"-",
"speed",
"Internet",
"users",
"in",
"apartment",
"buildings",
",",
"hotels",
",",
"and",
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"environments",
".",
"Telkonet",
"'s",
"products",
"are",
"designed",
"for",
"use",
"in",
"commercial",
"and",
"residential",
"applications",
",",
"including",
"multi",
"-",
"dwelling",
"units",
"and",
"the",
"hospitality",
"and",
"government",
"markets",
".",
"For",
"more",
"information",
",",
"please",
"visit",
"www.telkonet.com",
".",
"For",
"interviews",
"with",
"MSTI",
"Holdings",
",",
"Inc",
".",
"and",
"MST",
"(",
"NuVisions",
"™",
")",
"CEO",
"and",
"Founder",
"Frank",
"Matarazzo",
",",
"please",
"contact",
"Adam",
"Mazur",
"at",
"212",
"-",
"843",
"-",
"8073",
"or",
"email",
"amazur@rubensteinpr.com",
".",
"For",
"inquiries",
"regarding",
"investor",
"relations",
",",
"please",
"contact",
"Charlie",
"Forshee",
"at",
"215",
"-",
"885",
"-",
"4981",
"or",
"cforshee@segue.biz",
".",
"Safe",
"Harbor",
"Statement",
"Statements",
"included",
"in",
"this",
"release",
"may",
"constitute",
"forward",
"-",
"looking",
"statements",
"within",
"the",
"meaning",
"of",
"the",
"Private",
"Securities",
"Litigation",
"Reform",
"Act",
"of",
"1995",
".",
"Such",
"statements",
"involve",
"a",
"number",
"of",
"risks",
"and",
"uncertainties",
"such",
"as",
"competitive",
"factors",
",",
"technological",
"development",
",",
"market",
"demand",
"and",
"the",
"Company",
"'s",
"ability",
"to",
"obtain",
"new",
"contracts",
"and",
"accurately",
"estimate",
"net",
"revenues",
"due",
"to",
"variability",
"in",
"size",
",",
"scope",
"and",
"duration",
"of",
"projects",
",",
"and",
"internal",
"issues",
"in",
"the",
"sponsoring",
"client",
".",
"Further",
"information",
"on",
"potential",
"factors",
"that",
"could",
"affect",
"the",
"Company",
"'",
"s",
"financial",
"results",
",",
"can",
"be",
"found",
"in",
"the",
"Company",
"'s",
"Report",
"on",
"Forms",
"8",
"-",
"K",
"filed",
"with",
"the",
"Securities",
"and",
"Exchange",
"Commission",
"(",
"SEC",
")",
"on",
"May",
"30",
",",
"2007",
".",
"--------------------------------------------------------------------------------",
"Source",
":",
"MSTI",
"Holdings",
",",
"Inc",
"."
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"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",
"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",
"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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] |
93205-000093979811000056-exhibitninetynineone | EX-99.1
9
exhibitninetynineone.htm
EX 99.1
exhibitninetynineone.htm
Exhibit 99.1
Living 3D Holdings, Inc. Enters 3D Business with Acquisition
PHOENIX, AZ - December 8, 2011. Living 3D Holdings, Inc. (the "Company") (OTCBB: CCSG), announced today that it has acquired Living 3D Holdings, Ltd., a privately held company ("Living 3D"), focused on the marketing and sale of 3D image display devices in China.
Living 3D, which is based in China, is in the development stage and has concentrated on the markets for 3D touch pads, 3D indoor and outdoor light emitting diode (LED) displays and 3D televisions. These products are based on "auto stereoscopic 3D" technology, or auto 3D, meaning that viewers are not required to wear 3D glasses in order to experience the 3D effects of the screen, and instant switching between two dimensional, or 2D, and 3D viewing is enabled.
Living 3D's image display devices are designed and manufactured by third parties using original equipment manufacturer parts and the technology and know-how of two of its directors and officers. While its sales to date have focused on customers utilizing its products in media and advertising, 3D display products are applicable in a wide range of industries, including entertainment, education, consumer electronics, medical diagnosis and scientific research. Living 3D has conducted limited sales marketing efforts to date. All of its sales have been to government and research entities and educational institutions in China and consisted of large 3D LED displays (approximately three by three meters), 3D TV's and 3D panels.
Living 3D was incorporated on June 23, 2008 in the British Virgin Islands and became a wholly-owned subsidiary of the Company on December 8, 2011 when its shareholders purchased 3,627,426 shares of common stock from certain shareholders of the Company and exchanged all of their shares in Living 3D for 62,590,880 shares of common stock of the Company. After the transactions, the shareholders of Living 3D own approximately 95% of the Company's issued and outstanding common stock. In connection with the transaction, Jimmy Kent-Lam Wong, Chang Li, Kin Wah Ngai and Lin Su, all of whom are principal shareholders of the Company, became our directors and officers, replacing our former board of directors and officers. Mr. Wong is the new Chairman of the Board of Directors and Chief Executive Officer; Mr. Li is the Chief Technology Officer; Mr. Ngai is the Chief Financial Officer; and Mr. Su is the Secretary.
At the point of the acquisition, the Company had no operations and was seeking new business opportunities. It was originally named Concrete Casting Incorporated (under which name its stock is now traded), had changed its name to AirWare International Corp. in July 2010 and finally had changed its name to Living 3D Holdings, Inc. in September 2011.
For further information contact www.living3d.com.
This Press Release contains 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. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, the actual results could differ materially from the forward-looking statements contained in information in this Release. A wide variety of factors that may cause the actual results to differ from the forward-looking statements include, but are not limited to, the following: the Company's ability to raise sufficient capital to implement its business plan; its ability to have its product offerings work as planned; whether there will be a commercial market for its products; its ability to market its products, commence revenue operations and then achieve profitable results of operation; whether the technology and know-how in the products it sells can be adapted to new and different uses; competition from larger, more established companies with far greater economic and human resources; its ability to attract and retain customers and quality employees; the effect of changing economic conditions; and changes in government regulations, tax rates and similar matters. These cautionary statements should not be construed as exhaustive or as any admission as to the adequacy of the Company's disclosures. The Company cannot predict or determine after the fact what factors would cause actual results to differ materially from those indicated by the forward-looking statements or other statements. In addition, the reader should consider statements that include the words "believes", "expects", "anticipates", "intends", "estimates", "plans", "projections" or other expressions that are predictions of or indicate future events or trends to be uncertain and forward-looking. The Company does not undertake to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise. Additional information respecting factors that could materially affect the Company after its acquisition of Living 3D will be contained in a Report on Form 8-K to be filed next week with the Securities and Exchange Commission.
| [
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"Commission",
"."
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1367064-000110465913026730-a13-9423_1ex99d1 | EX-99.1
2
a13-9423_1ex99d1.htm
EX-99.1
Exhibit 99.1
For information, contact:
Investors - David Oatman 281-836-7035
Media - Susan Moore 281-836-7398
EXTERRAN PARTNERS COMPLETES ACQUISITION OF
ASSETS FROM EXTERRAN HOLDINGS
HOUSTON (Apr. 1, 2013) - Exterran Holdings, Inc. (NYSE: EXH) and Exterran Partners, L.P. (NASDAQ: EXLP) today announced that Exterran Partners has completed its previously announced acquisition of compression assets from Exterran Holdings.
The acquired assets include contracts serving approximately 50 customers of Exterran Holdings, together with approximately 360 compressor units used to provide compression services under those contracts. These compressors comprise approximately 250,000 horsepower, which represents approximately 8 percent (by available horsepower) of the combined U.S. contract operations business of Exterran Holdings and Exterran Partners. In addition, the acquisition includes contracts covering approximately 6,000 horsepower owned by Exterran Partners which are currently being leased to Exterran Holdings and approximately 205 compressor units comprising approximately 101,000 horsepower currently being leased from Exterran Holdings to Exterran Partners. Exterran Partners financed the acquisition entirely with the issuance of 7,123,527 common units and 144,644 general partner units to affiliates of Exterran Holdings.
About Exterran Holdings and Exterran Partners
Exterran Holdings, Inc. is a global market leader in full service natural gas compression and a premier provider of operations, maintenance, service and equipment for oil and gas production, processing and transportation applications. Exterran Holdings serves customers across the energy spectrum-from producers to transporters to processors to storage owners. Headquartered in Houston, Texas, Exterran has approximately 10,000 employees and operates in approximately 30 countries.
Exterran Partners, L.P. is the leading provider of natural gas contract operations services to customers throughout the United States. Exterran Holdings owns an equity interest in Exterran Partners, including all of the general partner interest.
For more information, visit www.exterran.com.
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894738-000114420410055032-v199614_ex99-1 | EX-99.1
11
v199614_ex99-1.htm
Unassociated Document
EXHIBIT 99.1
EasyLink Services International
Corporation
Acquires Xpedite
Systems, LLC from Premiere Global Services, Inc.
Creates
a Global Leader in Advanced Messaging, Expands International Presence and
Creates Opportunity for Significant Operating Synergy
NORCROSS, GA, October
21, 2010 - (BUSINESS WIRE)
- EasyL
ink Services
International Corporation ("EasyLink" or "Company") (NasdaqCM: ESIC)
(http://www.easylink.com), a global provider of comprehensive messaging services
and e-commerce solutions
,
today announced the
acquisition of the
PGiSend and PGiNotify advanced messaging businesses
from Premiere Global Services, Inc. (NYSE: PGI), through the purchase of its
wholly-owned subsidiary, Xpedite Systems, LLC and its subsidiaries
("Xpedite") for $105 million in cash. Xpedite is a global leader in
providing advanced messaging services that include a full suite of fax and
notification services.
As a
result of the transaction, EasyLink now has 30,000 customers on five continents
in over a dozen industries and has become the clear leader in a key segment of
the enterprise messaging category, enterprise fax. Many of world's
most powerful, respected, and well run companies, including the majority of the
Fortune 500, are using EasyLink to support one or more of their key business
processes through its portfolio of network or "cloud" based service
offerings.
"The
acquisition of Xpedite is directly aligned with our core strategy of acquiring
complementary businesses within our existing markets." said Tom Stallings, CEO
of EasyLink. "Xpedite will add a strong portfolio of advanced
messaging services and a global set of customers to EasyLink which will allow us
to continue to build upon our current success in the enterprise market. This
acquisition brings together two of the most knowledgeable, experienced and
customer-trusted teams in the enterprise messaging business into a single,
global entity".
EasyLink
recapitalized its existing debt and paid for the transaction with $5 million of
cash on hand and a new credit facility consisting of a $110 million term loan
and a $20 million revolver. EasyLink's current lead lender, SunTrust
Bank, continues to lead the facility and has been joined by all of the current
lending group plus two new participants.
Investor Conference
Call
The Company plans to hold a conference
call on Friday, October 22, 2010, at 8:00 a.m. EDT to discuss the acquisition and its fourth quarter and fiscal year 2010 results in
detail.
The Company invites all those interested
in hearing management's discussion to join the call by dialing (800) 967-7134 (U.S. and Canada) or (719) 457-2603 (International), access code 1085142. If you are unable to
participate and would like to hear a replay of the call, an audio reply will be
available on EasyLink's investor relations website at http://ir.easylink.com/events.cfm
.
Forward-Looking and Cautionary
Statements
Except for the historical information
and discussion contained herein, statements contained in this press release may
constitute forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements involve a number of
risks, uncertainties and other factors that could cause actual results to differ
materially from those indicated by such forward-looking
statements. These and other risk factors are set forth under the
caption "Risk Factors" in the Company's Annual Report on Form 10-K, the
Company's quarterly reports on Form 10-Q and the Company's other filings with
the Securities and Exchange Commission. These filings are available
on a website maintained by the Securities and Exchange Commission at
www.sec.gov.
The Company expressly disclaims any
obligation or undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein as a result of new information,
future events or otherwise.
About EasyLink Services International
Corporation
EasyLink
Services International Corporation (EasyLink) (NasdaqCM: ESIC),
headquartered in Norcross, GA, offers a comprehensive portfolio of "any to any"
business messaging and transaction services that can bridge the most challenging
technology gaps while creating significant cost efficiencies across an
organization. From Desktop Fax and Production Messaging to EDI, Managed File
Transfer, Document Capture and Management, Secure Messaging and Telex we help
companies drive costs out of their operations. With over two decades of
servicing customers around the globe, EasyLink has established a proven track
record for providing effective, reliable and secure communications. For more
information on EasyLink, visit http://
www.easylink.com
.
Contact:
EasyLink Services International
Corporation
Glen Shipley
(678) 533-8004
gshipley@easylink.com
| [
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1122904-000112290419000004-ntgrexhibits992pressrelease | EX-99.1
2
ntgrexhibits992pressrelease.htm
PRESS RELEASE
Exhibit
NETGEAR Completes Spin-Off of Arlo
San Jose, California - December 31, 2018 - NETGEAR, Inc. (NASDAQ: NTGR) today announced that it has completed its previously announced distribution of 62,500,000 shares of common stock of Arlo Technologies, Inc. (NYSE: ARLO) owned by NETGEAR, representing approximately 84.2% of the outstanding shares of Arlo common stock. After the completion of the distribution, NETGEAR no longer owns any shares of Arlo common stock.
The distribution was made today to NETGEAR stockholders of record as of the close of business on the record date for the distribution, December 17, 2018. The distribution took place in the form of a pro rata common stock dividend to each NETGEAR stockholder of record on the record date. Based on the shares of NETGEAR common stock outstanding as of the record date, NETGEAR stockholders received 1.980295 shares of Arlo common stock for every share of NETGEAR common stock held as of the record date.
No fractional shares of Arlo common stock were distributed. Instead, NETGEAR stockholders will receive cash in lieu of any fraction of a share of Arlo common stock that they otherwise would have received.
On December 18, 2018, NETGEAR mailed an information statement to its stockholders on the record date, which included details on the distribution. The information statement is posted under the Investor Relations tab on NETGEAR's website at investor.netgear.com and on Arlo's website at investor.arlo.com.
Deutsche Bank Securities acted as financial advisor to NETGEAR in connection with the distribution. Wachtell, Lipton, Rosen & Katz acted as legal advisor to NETGEAR in connection with the distribution.
About NETGEAR, Inc.
NETGEAR (NASDAQ: NTGR) is a global networking company that delivers innovative products to consumers, businesses and service providers. NETGEAR's products are built on a variety of proven technologies such as wireless (WiFi and LTE), Ethernet and powerline, with a focus on reliability and ease-of-use. The product line consists of wired and wireless devices that enable networking, broadband access and network connectivity. These products are available in multiple configurations to address the needs of the end-users in each geographic region in which NETGEAR's products are sold. NETGEAR products are sold in approximately 26,000 retail locations around the globe, and through approximately 23,000 value-added resellers, as well as multiple major cable, mobile and wireline service providers around the world. NETGEAR's headquarters are in San Jose, Calif., with additional offices in approximately 25 countries.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. The words "anticipate", "expect", "believe", "will", "may", "should", "estimate", "project", "outlook", "forecast" or other similar words are used to identify such forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. The forward-looking statements represent NETGEAR, Inc.'s expectations or beliefs concerning future events based on information available at the time such statements were made. These statements are based on management's current expectations and are subject to certain risks and uncertainties, including, among others, market conditions and unforeseen regulatory issues. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. Further information on potential risk factors that could affect NETGEAR and its business are detailed in NETGEAR's filings with the Securities and Exchange Commission. Given these circumstances, you should not place undue reliance on these forward-looking statements. NETGEAR undertakes no obligation to release publicly any revisions to any
forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except as required by law.
Investors:
NETGEAR Investor Relations
Christopher Genualdi
investors@netgear.com
Source: NETGEAR-F
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1539680-000107878218001239-f8k110618_ex99z1 | EX-99.1
2
f8k110618_ex99z1.htm
EXHIBIT 99.1 PRESS RELEASE
Exhibit 99.1 Press Release
Hammer Fiber Optics Holding Corp Closes the Acquisition of
1stPoint Communications, LLC, Open Data Centers, LLC
and Shelcomm
Piscataway, N.J. November 6, 2018
- Hammer Fiber Optic Holdings Corp d/b/a Hammer Communications (OTCQB: HMMR) announced today that effective November 1, 2018 it has closed on the acquisitions of 1stPoint Communications, LLC, Open Data Centers, LLC and Shelcomm, Inc. the acquisition of Endstream Communications is pending regulatory approval. The terms of the acquisitions were released via an 8K on September 12, 2018 and amended on November 6, 2018. The structure of the acquisitions is both accretive and non-dilutive to common shareholders.
"Upon closing the acquisitions Hammer now has all of the components in place to begin to execute on its "Everything Wireless" strategy", said Erik Levitt, Hammer's Chief Executive Officer. The newly acquired assets include strong intellectual property in over-the-top technology such as hosted carrier switching for both voice and SMS, CLEC licenses in Florida and New York, and a nationwide Commercial Mobile Radio Services License. Through its subsidiaries Hammer will complement its carrier offerings with a variety of hosting services including cloud computing, virtual servers, virtual desktop and collaboration tools that fully integrate voice, video, messaging and file sharing. Open Data Centers offers colocation from its Piscataway, NJ facility as well as its edge data center in Homewood, Alabama.
Hammer's "Everything Wireless" strategy will include four key services: high speed fixed wireless using the proprietary
Hammer Wireless® AIR technology
, Mobility, OTT and Smart City. "Our intention is to provide these services both directly to consumers as well as through unique programs such as the Mobile Network Service Provider (MNSP) program, announced jointly earlier in 2018", said Kristen Vasicek, 1stPoint's Director of Marketing.
"Wireless communications, mobility and cloud services represent the future of our industry", said Levitt. "Whether it's in the United States, developed or developing economies, Hammer's breadth of services now has a place in markets worldwide".
About Hammer
Hammer Fiber Optic Holdings Corp. (OTCQB:HMMR) is a telecommunications company investing in the future of wireless technology. Hammer's "Everything Wireless" go to market strategy includes the development of high-speed fixed wireless service for residential and small businesses using its wireless fiber platform, Hammer Wireless® AIR, over-the-top services such as voice, SMS and video collaboration services, the construction of smart city networks and hosting services including cloud and colocation.
For more information contact Frank Pena at
fpena@hammerfiber.com
.
Forward Looking Statements
This press release contains projections and other forward-looking statements regarding future events or our future financial performance. All statements other than present and historical facts and conditions contained in this release, including any statements regarding our future results of operations and financial positions, business strategy, plans and our objectives for future operations, are forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). These statements are only predictions and reflect our current beliefs and expectations with respect to future events and are based on assumptions and subject to risk and uncertainties and subject to change at any time. We operate in a very competitive and rapidly changing environment. New risks emerge from time to time. Given these risks and uncertainties, you should not place undue reliance on these forward-looking statements. Actual events or results may differ materially from those contained in the projections or forward-looking statements. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995
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1086745-000114420414059411-v390651_ex99-01 | EX-99.01
7
v390651_ex99-01.htm
EXHIBIT 99.01
Exhibit 99.01
WPCS Closes
on Sale of Seattle Operations
Sale
provides nearly $1.5 million in working capital
SUISUN,
CA - (Marketwired - October 3
,
2014)
- WPCS International Incorporated (NASDAQ: WPCS), which specializes
in contracting services for communications infrastructure and the development of a digital currency trading platform, today announced
that on September 30, 2014, the Company completed the sale of substantially all of the assets of WPCS International - Seattle,
Inc. (the "Seattle Operations"), to EC Company ("EC"), an Oregon-based electrical contracting company.
Sebastian Giordano,
Interim CEO of WPCS, commented, "After having successfully disposed of our two unprofitable operations in Australia and
Trenton, the sale of our Seattle Operations provides vital cash for the Company as we continue our restructuring efforts".
The
Company sold substantially all of the assets of the Seattle Operations to EC for an all-cash purchase price of approximately $2,120,000.
The final purchase price is subject to adjustment based on the net tangible asset value ("NTAV") of the Seattle Operations
as of September 30, 2014. Prior to closing, the parties agreed that the closing NTAV of the Seattle Operations was approximately
$1,870,000. The Company received approximately $1,460,000 in cash, while approximately $410,000 was held in escrow for the payment
of certain payroll liabilities. In addition, 90 days from the closing date, the Company could receive the remaining $250,000,
which is also currently being held in escrow, dependent upon the final NATV calculation.
Mr. Giordano
continued, "Transactionally, we are now focused on selling our China joint venture interest, which would bring additional
working capital into the Company, as we continue to manage our profitable Suisun operations, develop our digital currency business
and work towards successfully completing our restructuring".
About
WPCS International Incorporated
WPCS
operates in two business segments including: (1) providing communications infrastructure contracting services to the public services,
healthcare, energy and corporate enterprise markets worldwide; and (2) developing a digital currency trading platform. For more
information, please visit
www.wpcs.com
,
www.btxtrader.com
and
www.gocelery.com
.
Statements
about the Company's future expectations, including future revenue and earnings and all other statements in this press release,
other than historical facts, are "forward looking" statements and are made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and
are subject to change at any time. The Company's actual results could differ materially from expected results. In reflecting
subsequent events or circumstances, the Company undertakes no obligation to update forward-looking statements.
INVESTOR CONTACT
:
Capital Markets Group, LLC
Valter Pinto
PH: (914) 669-0222 or (212) 398-3486
valter@capmarketsgroup.com
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1367859-000136785919000060-exhibit991pressrelease | EX-99.1
4
exhibit991pressrelease.htm
EXHIBIT 99.1
Document
Exhibit 99.1
F&M Bank of Tomah Joins Forces
with CCFBank™
EAU CLAIRE, WIS. (7/1/19) - F & M Bank, Tomah customers will soon see a new brand in their local markets. Citizens Community Federal™ (CCFBank™) and F&M Bank have completed their merger combining the two financial institutions.
The merger was announced in January. F&M Bank merged into Citizens in a transaction valued at approximately $24.0 million. F&M Bank brings $195 million in assets, $152 million in deposits and $126 million in loans to the Citizens franchise, as of March 31, 2019. The combined company, headquartered in Altoona, WI, has over $1.5 billion in total assets and 28 locations in northwest Wisconsin and southern Minnesota.
CCFBank CEO and President Steve Bianchi sees the joining of the two companies as a great opportunity for their combined customers to benefit. "We look forward to welcoming F&M Bank customers, employees and communities to the CCFBank family", Bianchi said. "We are excited about combining these two independent community banking franchises to deliver enhanced products and services that customers desire. The enhanced product line, along with the resources of our staff will align with our goal of "Making More Possible" for our customers, communities and stakeholders".
F&M Bank President and CEO Peter Reichardt added, "Our team looks forward to growing with the CCFBank team. The opportunities and challenges in community banking today make the combination of these two banks better positioned to meet the needs of our communities. We share a common set of values and a vision that will provide significant benefits to our customers and shareholders. The united leadership teams have charted out a streamlined plan that will benefit all parties involved including a larger branch presence and expanded products and services".
F&M Bank customers will continue to use the current F&M Bank products and services until the conversion of the banking systems in mid-July 2019. All F&M Bank customers have received official communication from CCFBank that provided important account information and timelines in which changes will occur.
Members of the Tomah and surrounding communities served by F&M Bank are encouraged to visit their local branches with any questions they have about the merger. They may also call CCFBank at 800.590.9920 or 715.836.9999 from 8 a.m. to 5 p.m. on weekdays. Questions may also be emailed on the CCFBank website.
Find out more about CCFBank™: http://ccf.us
Media Contact
Steve Bianchi
CEO/President
Citizens Community Bancorp, Inc.
715.836.9994
| [
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877860-000087786013000066-exhibit99_bickford | EX-99
2
exhibit99_bickford.htm
EXHIBIT 99: PRESS RELEASE DATED JULY 1, 2013
exhibit99_bickford
Exhibit 99
Contact: Roger R. Hopkins, Chief Accounting Officer
Phone: (615) 890-9100
NHI Announces $135 Million Acquisition
of 17 Assisted Living Communities
Increases 2013 Normalized FFO Guidance
MURFREESBORO, Tenn. - (July 1, 2013) National Health Investors, Inc. (NYSE:NHI) announced today that its RIDEA joint-venture with Bickford Senior Living ("Bickford") has acquired 17 assisted living and memory care communities for a total purchase price of $135 million. NHI owns 85% of the joint-venture and Bickford owns 15%. The acquisition brings the total number of properties in the joint-venture to 30, of which 3 are under construction. Wells Fargo Securities, LLC served as financial advisor to NHI on this transaction.
The 17 assisted living and memory care communities are comprised of 14 communities purchased from a subsidiary of Care Investment Trust, Inc. (OTCQX:CVTR) for approximately $123 million, and 3 communities purchased from affiliates of Bickford for approximately $12 million.
Justin Hutchens, NHI's CEO and President stated, "This acquisition is evidence of the positive benefits of our joint-venture with Bickford which offers both organic and external growth potential. This relationship combines Bickford's twenty-plus years of experience in compassionately caring for seniors with the financial strength of NHI".
"NHI has been the perfect partner for us since 2009", said Bickford president Michael Eby. "Since we both share the same resident-focused philosophy, our growth plans are truly aligned. We are very excited about our future with Justin and his team as our partner".
Key Transaction Highlights
.
17 facilities totaling 750 units with 90.6% average occupancy and an average age of 12 years
.
Locations: Illinois, Indiana, Iowa and Nebraska
.
17 facilities have trailing twelve months net operating income of approximately $11.5 million after a 5% management fee to the operator and $500 per unit of capital expenditures
.
Acquisition financed by: (1) borrowings of approximately $56.2 million on NHI's revolving credit facility with interest rates of LIBOR plus 140bps; and (2) assumption of approximately $78.8 million of Fannie Mae secured debt maturing on July 1, 2015 (repayable without penalty December 31, 2014) with interest rates between 6.845% and 7.17%
Increase in 2013 Normalized FFO Guidance
The Company currently forecasts Normalized FFO for 2013 from $3.48 to $3.54 per diluted common share. The Company's guidance range for the full year 2013 for Normalized FFO per share, with underlying assumptions and timing of certain transactions, is set forth and reconciled below. The Company expects to report its results for the second quarter during the week of August 5, 2013.
Full-Year 2013
Range
Low
High
Net income per diluted share attributable to common stockholders
$
2.74
$
2.77
Plus: Real estate depreciation
0.60
0.63
Plus: Loan impairment
0.14
0.14
Normalized FFO per diluted common share
$
3.48
$
3.54
The Company's guidance range reflects the existence of volatile economic conditions, but does not assume any material deterioration in tenant credit quality and/or performance of its portfolio. The guidance is based on a number of assumptions, many of which are outside the Company's control and all of which are subject to change. The low end of our guidance range assumes a baseline from the first quarter of 2013, the recently announced transactions, the timing for further terming out of debt on our revolving credit facility and assuming 3% growth from our Bickford joint venture. On the top end of that range, we are adding in assumptions for investment activity and a 6% growth from our Bickford joint venture. The Company expects to make new investments in health care real estate during the remainder of 2013 that meet its underwriting criteria and where the spreads over its cost of capital generate sufficient returns to its shareholders. These new investments are expected to be funded by the Company's liquid investments and by short-term and long-term debt financing. The Company's guidance may change if actual results vary from these assumptions.
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 assisted living, senior living campuses, independent living, skilled nursing facilities, medical office buildings, and hospitals. Find additional information about NHI at www.nhireit.com.
About Bickford Senior Living
Bickford Senior Living, founded in 1991, is headquartered in Olathe, Kansas and operates over 45 assisting living, memory care and independent living facilities in Kansas, Iowa, Illinois, Indiana, Missouri, Georgia Nebraska and Michigan and has experience in constructing over 150 of these types of facilities for various owners.
Safe Harbor Statement
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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1368365-000136836516000063-ex991pressreleasedatedsept | EX-99.1
7
ex991pressreleasedatedsept.htm
PRESS RELEASE DATED SEPTEMBER 21, 2016
Exhibit
EXHIBIT 99.1
Remark Media Closes Acquisition of China Branding Group
Acquisition accelerates monetization opportunities and enhances content across all assets
LAS VEGAS, NV - September 21, 2016 - Remark Media (NASDAQ: MARK), a global digital media technology company, announced it completed the acquisition of the main operating assets of China Branding Group Limited (CBG), China's leading Western-entertainment digital content company. The acquisition includes CBG's main operating subsidiaries, most notably FansTang, which is a top provider of localized Western sports and entertainment digital video content, international live event broadcasts and social media content into China.
Kai-Shing Tao, Remark Media's Chairman and CEO, stated, "The integration of CBG's U.S. content and production assets and its FansTang subsidiary will advance our appeal to the highly-lucrative Millennial demographic in both the U.S. and China, which significantly enhances our profile as a leading global digital media technology company. Specifically, we will leverage FansTang's growing portfolio of innovative celebrity, sports and entertainment content; social media community of more than 130 million followers in China; proven distribution and monetization strategies; and its cross-platform sales capabilities to realize synergies within our existing assets in travel and entertainment, social media and lifestyle to generate traffic and grow revenue. Furthermore, we expect this transaction will be accretive in 2016 as we benefit from synergies and accelerate monetization opportunities throughout the business. We are already hitting the ground running with several planned campaigns expected to roll out before the end of the year".
Adam Roseman, co-founder and CEO of CBG, stated, "I am extremely excited for our unmatched cross-border team to be joining forces with Kai-Shing Tao and his proven team at Remark Media. There is no doubt the acquisition will further jumpstart our growth through significantly enhanced resources and a collective focus on building a global media platform generating revenue from high-growth consumer transactions as well as media and advertising sales. The combination will enable the China operation to quickly scale its brand and other marketer collaboration, as well as dramatically enhance and roll out its analytics business through the combination with KanKan. We just completed our exclusive Emmy Awards broadcast to China, we are soon launching a number of new branded content initiatives, and our current programming continues to grow in both audience and monetization. It couldn't be a better time for this acquisition to be taking place".
For further information regarding the terms and conditions of the acquisition, please see Remark Media's Current Report on Form 8-K to be filed with the Securities and Exchange Commission in connection with the closing of the acquisition.
For more information on FansTang, please visit www.chinabrandinggroup.com.
About Remark Media, Inc.
Remark Media, Inc. (NASDAQ: MARK) owns, operates and acquires innovative digital media properties across multiple verticals that deliver culturally relevant, dynamic content that attracts and engages users on a global scale. The company leverages its unique digital media assets to target the Millennial demographic, which provides it with access to fast-growing, lucrative markets. The company is headquartered in Las Vegas, Nevada, with additional operations in Los Angeles, California and in Beijing, Shanghai, Chengdu and Hangzhou, China. For more information, please visit the Company's website at www.remarkmedia.com.
Forward-Looking Statements
This press release may contain forward-looking statements, including information relating to future events, future financial performance, strategies, expectations, competitive environment and regulation. Words such as "may", "should", "could", "would", "predicts", "potential", "continue", "expects", "anticipates", "future", "intends", "plans", "believes", "estimates", and similar expressions, as well as statements in future tense, identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, including those discussed in Part I, Item 1A. Risk Factors in Remark Media's Annual Report on Form 10-K and Remark Media's other filings with the SEC. Any forward-looking statements reflect Remark Media's current views with respect to future events, are based on assumptions and are subject to risks and uncertainties. Given such uncertainties, you should not place undue reliance on any forward-looking statements, which represent Remark Media's estimates and assumptions only as of the date hereof. Except as required by law, Remark Media undertakes no obligation to update or revise publicly any forward-looking statements after the date hereof, whether as a result of new information, future events or otherwise.
Investor Contact:
Douglas Osrow
Remark Media, Inc.
dosrow@remarkmedia.com
702-701-9514 ext. 3025
Investor Relations Contact:
Becky Herrick/ Kirsten Chapman
LHA Investor Relations
remarkmedia@lhai.com
415-433-3777
###
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",",
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".",
"It",
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"'",
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"For",
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"and",
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",",
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"to",
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"and",
"Exchange",
"Commission",
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".",
"For",
"more",
"information",
"on",
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",",
"please",
"visit",
"www.chinabrandinggroup.com",
".",
"About",
"Remark",
"Media",
",",
"Inc",
".",
"Remark",
"Media",
",",
"Inc",
".",
"(",
"NASDAQ",
":",
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",",
"dynamic",
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"engages",
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"on",
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"scale",
".",
"The",
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"its",
"unique",
"digital",
"media",
"assets",
"to",
"target",
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"Millennial",
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"-",
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"The",
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",",
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",",
"with",
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"Angeles",
",",
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"Beijing",
",",
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",",
"Chengdu",
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"Hangzhou",
",",
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".",
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"information",
",",
"please",
"visit",
"the",
"Company",
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"website",
"at",
"www.remarkmedia.com",
".",
"Forward",
"-",
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"-",
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"Words",
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"\"",
",",
"\"",
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",",
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"-",
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",",
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",",
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"I",
",",
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"Remark",
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",",
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".",
"Investor",
"Contact",
":",
"Douglas",
"Osrow",
"Remark",
"Media",
",",
"Inc",
".",
"dosrow@remarkmedia.com",
"702",
"-",
"701",
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"Kirsten",
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1400000-000121152411000239-exhibit996 | EX-99.6
7
exhibit996.htm
EXHIBIT 99.6 PRESS RELEASE
exhibit996.htm - Generated by SEC Publisher for SEC Filing
Exhibit 99.6
July 13, 2011 09:00 AM Eastern Daylight Time
Abakan Exercises Initial Option to Acquire a Majority Interest in MesoCoat
Miami, Florida (OTCQB:ABKI) -- Abakan Inc. is pleased to announce that it has exercised its option under a phased investment agreement to purchase a controlling interest in MesoCoat, Inc.
MesoCoat is an Ohio-based company with a patented suite of environmentally-friendly, long-lasting ceramic-metallic (cermets) coatings and a proprietary coating process that counters many of the degradation or corrosion issues crucial to productivity in the oil and gas, aerospace, chemical processing and infrastructure industries.
Under the terms of the three-phased investment agreement, Abakan has exercised its first option to purchase an additional 17% of MesoCoat raising its equity interest to 51% on a fully diluted basis. Abakan also holds a minority equity interest of 41% in MesoCoat's former parent company Powdermet, Inc. On combining its equity interests Abakan now holds a 71.1% direct and indirect stake in MesoCoat. The exercise of the first option now entitles Abakan to make an additional appointment to the five member MesoCoat board of directors, two of which members are currently Abakan nominees.
"Abakan is very excited about expanding MesoCoat's next generation corrosion and wear related market solutions to commercial applications", said Abakan CEO Robert Miller. "As we advance towards the full commercial introduction of these solutions, test results from prospective clients have confirmed the compelling nature of MesoCoat's value propositions with some of the top players in several multi-billion dollar industrial segments worldwide".
"Abakan exercising their investment option allows Mesocoat to complete limited field introduction and scale production capacity, further paving the way for our revolutionary products to be used across the energy, marine, nuclear and defense industries", said MesoCoat and Powdermet CEO Andy Sherman. "We look forward to Abakan's continued business development support as well as additional investment as we move forward together".
About Abakan:
Abakan is a Miami-based, publicly traded company that invests in companies that have developed transformational technologies on the cusp of commercial acceptance. In addition to supporting MesoCoat's development, Abakan is involved in Powdermet's commercialization of its metal formulations and advanced energy management solutions. Both MesoCoat and Powdermet have received numerous industry awards (including R&D 100 awards and National Institute of Standards and Technology, Technology Innovation Program awards) and numerous government grants.
1
Forward-Looking Statements:
A number of statements contained in this press release are forward-looking statements. These forward-looking statements involve a number of risks and uncertainties including technological obsolescence, market acceptance of future products, competitive market conditions, and the sufficiency of capital resources. The actual results Abakan may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. Abakan encourages the public to read the information provided here in conjunction with its most recent filings on Form 8-K, Form 10-K and Form 10-Q. Abakan's public filings may be viewed at www.sec.gov.
Contact:
Abakan Inc.
www.abakaninc.com
Robert Miller, Chief Executive Officer
Phone: (786) 206-5368
Email: robert.miller@abakaninc.com
MesoCoat, Inc. and Powdermet, Inc.
www.mesocoat.com, www.powdermetinc.com
Andy Sherman, Chief Executive Officer
Phone: (216) 453-0866
E-mail: info@mesocoat.com
2
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830524-000155837018000039-ex-99d1 | EX-99.1
2
ex-99d1.htm
EX-99.1
ccf_Ex99_1
Exhibit 99.1
A Leading Manufacturer of Protective
Materials for High Reliability Applications
CHASE CORPORATION ACQUIRES
STEWART SUPERABSORBENTS (SSA), LLC - ZAPPA STEWART
Westwood, MA - January 4, 2018 - Chase Corporation (NYSE American: CCF) announced that it has acquired Stewart Superabsorbents (SSA), LLC, an advanced superabsorbent polymer (SAP) formulator and solutions provider, with operations located in Hickory and McLeansville, NC. In the most recently completed calendar year, SSA and its recently acquired Zappa-Tec business (collectively "Zappa Stewart") had combined revenue in excess of $24,000,000. Chase expects this acquisition to be immediately accretive to its earnings. The business was acquired for a purchase price of $71,382,000, net of cash acquired, pending any working capital adjustments and excluding acquisition-related costs. As part of this transaction, Chase acquired all equity of the business and entered into multiyear leases at both locations. The purchase was funded from a combination of a $65,000,000 draw on Chase's existing revolving credit facility and available cash on hand.
Adam P. Chase, President and Chief Executive Officer, commented,
"This is a highly complementary acquisition for Chase Corporation which leverages our existing channels to industrial markets and allows us to deliver more value to our customers. Zappa Stewart's proven protective materials technology is a great fit with our core strategy and extends our reach into growing medical and consumer applications. Their North Carolina operations will broaden our capabilities, and will add two facilities near the three we already have in the region. The new technologies and additional management talent will enhance our cross-functional operating model, creating logical synergies and value-creation opportunities".
Quint Barefoot, Managing Partner of Zappa Stewart, commented,
"Our organization is excited to become part of the dynamic Chase team. Becoming part of the Chase platform creates significant opportunities to deploy proprietary polymer solutions across diverse market segments. This increased scale and geographic reach for our specialty reagents will generate new opportunities for our personnel, new perspectives and sustainable growth. This could not happen at a more exciting time in our markets, as we see heightened demand for our differentiated products used in directional drilling, telecommunications, energy, infrastructure and remediation projects".
The transaction was effective December 31, 2017. Chase Corporation will continue to manufacture and market under the Zappa Stewart brands and locations, with plans to integrate Zappa Stewart into its ERP platform in the coming months to further enhance existing operational, development and engineering expertise. Zappa Stewart is a solutions provider of specialty materials for water and liquid management, remediation and protection in diverse markets including wire and cable, medical, environmental, infrastructure, energy and consumer products.
Contact:
Paula Myers
Shareholder & Investor Relations Department
Phone: 508.819.4219
E-mail: investorrelations@chasecorp.com
Website: www.chasecorp.com
Chase Corporation, founded in 1946, is a leading manufacturer of protective materials for high reliability applications throughout the world.
Certain statements in this press release are forward-looking. These may be identified by the use of forward-looking words or phrases such as "believe"; "expect"; "anticipate"; "should"; "planned"; "estimated" and "potential", among others. These forward-looking statements are based on Chase Corporation's current expectations. The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for such forward-looking statements. In order to comply with the terms of the safe harbor, the Company cautions investors that any forward-looking statements made by the Company are not guarantees of future performance and that a variety of factors could cause the Company's actual results and experience to differ materially from the anticipated results or other expectations expressed in the Company's forward-looking statements. The risks and uncertainties which may affect the operations, performance, development and results of the Company's business include, but are not limited to, the following: uncertainties relating to economic conditions; uncertainties relating to customer plans and commitments; the pricing and availability of equipment, materials and inventories; technological developments; performance issues with suppliers and subcontractors; economic growth; delays in testing of new products; the Company's ability to successfully integrate acquired operations; the effectiveness of cost-reduction plans; rapid technology changes and the highly competitive environment in which the Company operates. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made.
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"99",
".",
"1",
"A",
"Leading",
"Manufacturer",
"of",
"Protective",
"Materials",
"for",
"High",
"Reliability",
"Applications",
"CHASE",
"CORPORATION",
"ACQUIRES",
"STEWART",
"SUPERABSORBENTS",
"(",
"SSA",
")",
",",
"LLC",
"-",
"ZAPPA",
"STEWART",
"Westwood",
",",
"MA",
"-",
"January",
"4",
",",
"2018",
"-",
"Chase",
"Corporation",
"(",
"NYSE",
"American",
":",
"CCF",
")",
"announced",
"that",
"it",
"has",
"acquired",
"Stewart",
"Superabsorbents",
"(",
"SSA",
")",
",",
"LLC",
",",
"an",
"advanced",
"super",
"absorbent",
"polymer",
"(",
"SAP",
")",
"formulator",
"and",
"solutions",
"provider",
",",
"with",
"operations",
"located",
"in",
"Hickory",
"and",
"McLeansville",
",",
"NC",
".",
"In",
"the",
"most",
"recently",
"completed",
"calendar",
"year",
",",
"SSA",
"and",
"its",
"recently",
"acquired",
"Zappa",
"-",
"Tec",
"business",
"(",
"collectively",
"\"",
"Zappa",
"Stewart",
"\"",
")",
"had",
"combined",
"revenue",
"in",
"excess",
"of",
"$",
"24,000,000",
".",
"Chase",
"expects",
"this",
"acquisition",
"to",
"be",
"immediately",
"accretive",
"to",
"its",
"earnings",
".",
"The",
"business",
"was",
"acquired",
"for",
"a",
"purchase",
"price",
"of",
"$",
"71,382,000",
",",
"net",
"of",
"cash",
"acquired",
",",
"pending",
"any",
"working",
"capital",
"adjustments",
"and",
"excluding",
"acquisition",
"-",
"related",
"costs",
".",
"As",
"part",
"of",
"this",
"transaction",
",",
"Chase",
"acquired",
"all",
"equity",
"of",
"the",
"business",
"and",
"entered",
"into",
"multiyear",
"leases",
"at",
"both",
"locations",
".",
"The",
"purchase",
"was",
"funded",
"from",
"a",
"combination",
"of",
"a",
"$",
"65,000,000",
"draw",
"on",
"Chase",
"'s",
"existing",
"revolving",
"credit",
"facility",
"and",
"available",
"cash",
"on",
"hand",
".",
"Adam",
"P",
".",
"Chase",
",",
"President",
"and",
"Chief",
"Executive",
"Officer",
",",
"commented",
",",
"\"",
"This",
"is",
"a",
"highly",
"complementary",
"acquisition",
"for",
"Chase",
"Corporation",
"which",
"leverages",
"our",
"existing",
"channels",
"to",
"industrial",
"markets",
"and",
"allows",
"us",
"to",
"deliver",
"more",
"value",
"to",
"our",
"customers",
".",
"Zappa",
"Stewart",
"'",
"s",
"proven",
"protective",
"materials",
"technology",
"is",
"a",
"great",
"fit",
"with",
"our",
"core",
"strategy",
"and",
"extends",
"our",
"reach",
"into",
"growing",
"medical",
"and",
"consumer",
"applications",
".",
"Their",
"North",
"Carolina",
"operations",
"will",
"broaden",
"our",
"capabilities",
",",
"and",
"will",
"add",
"two",
"facilities",
"near",
"the",
"three",
"we",
"already",
"have",
"in",
"the",
"region",
".",
"The",
"new",
"technologies",
"and",
"additional",
"management",
"talent",
"will",
"enhance",
"our",
"cross",
"-",
"functional",
"operating",
"model",
",",
"creating",
"logical",
"synergies",
"and",
"value",
"-",
"creation",
"opportunities",
"\"",
".",
"Quint",
"Barefoot",
",",
"Managing",
"Partner",
"of",
"Zappa",
"Stewart",
",",
"commented",
",",
"\"",
"Our",
"organization",
"is",
"excited",
"to",
"become",
"part",
"of",
"the",
"dynamic",
"Chase",
"team",
".",
"Becoming",
"part",
"of",
"the",
"Chase",
"platform",
"creates",
"significant",
"opportunities",
"to",
"deploy",
"proprietary",
"polymer",
"solutions",
"across",
"diverse",
"market",
"segments",
".",
"This",
"increased",
"scale",
"and",
"geographic",
"reach",
"for",
"our",
"specialty",
"reagents",
"will",
"generate",
"new",
"opportunities",
"for",
"our",
"personnel",
",",
"new",
"perspectives",
"and",
"sustainable",
"growth",
".",
"This",
"could",
"not",
"happen",
"at",
"a",
"more",
"exciting",
"time",
"in",
"our",
"markets",
",",
"as",
"we",
"see",
"heightened",
"demand",
"for",
"our",
"differentiated",
"products",
"used",
"in",
"directional",
"drilling",
",",
"telecommunications",
",",
"energy",
",",
"infrastructure",
"and",
"remediation",
"projects",
"\"",
".",
"The",
"transaction",
"was",
"effective",
"December",
"31",
",",
"2017",
".",
"Chase",
"Corporation",
"will",
"continue",
"to",
"manufacture",
"and",
"market",
"under",
"the",
"Zappa",
"Stewart",
"brands",
"and",
"locations",
",",
"with",
"plans",
"to",
"integrate",
"Zappa",
"Stewart",
"into",
"its",
"ERP",
"platform",
"in",
"the",
"coming",
"months",
"to",
"further",
"enhance",
"existing",
"operational",
",",
"development",
"and",
"engineering",
"expertise",
".",
"Zappa",
"Stewart",
"is",
"a",
"solutions",
"provider",
"of",
"specialty",
"materials",
"for",
"water",
"and",
"liquid",
"management",
",",
"remediation",
"and",
"protection",
"in",
"diverse",
"markets",
"including",
"wire",
"and",
"cable",
",",
"medical",
",",
"environmental",
",",
"infrastructure",
",",
"energy",
"and",
"consumer",
"products",
".",
"Contact",
":",
"Paula",
"Myers",
"Shareholder",
"&",
"Investor",
"Relations",
"Department",
"Phone",
":",
"508",
".",
"819",
".",
"4219",
"E",
"-",
"mail",
":",
"investorrelations@chasecorp.com",
"Website",
":",
"www.chasecorp.com",
"Chase",
"Corporation",
",",
"founded",
"in",
"1946",
",",
"is",
"a",
"leading",
"manufacturer",
"of",
"protective",
"materials",
"for",
"high",
"reliability",
"applications",
"throughout",
"the",
"world",
".",
"Certain",
"statements",
"in",
"this",
"press",
"release",
"are",
"forward",
"-",
"looking",
".",
"These",
"may",
"be",
"identified",
"by",
"the",
"use",
"of",
"forward",
"-",
"looking",
"words",
"or",
"phrases",
"such",
"as",
"\"",
"believe",
"\"",
";",
"\"",
"expect",
"\"",
";",
"\"",
"anticipate",
"\"",
";",
"\"",
"should",
"\"",
";",
"\"",
"planned",
"\"",
";",
"\"",
"estimated",
"\"",
"and",
"\"",
"potential",
"\"",
",",
"among",
"others",
".",
"These",
"forward",
"-",
"looking",
"statements",
"are",
"based",
"on",
"Chase",
"Corporation",
"'s",
"current",
"expectations",
".",
"The",
"Private",
"Securities",
"Litigation",
"Reform",
"Act",
"of",
"1995",
"provides",
"a",
"\"",
"safe",
"harbor",
"\"",
"for",
"such",
"forward",
"-",
"looking",
"statements",
".",
"In",
"order",
"to",
"comply",
"with",
"the",
"terms",
"of",
"the",
"safe",
"harbor",
",",
"the",
"Company",
"cautions",
"investors",
"that",
"any",
"forward",
"-",
"looking",
"statements",
"made",
"by",
"the",
"Company",
"are",
"not",
"guarantees",
"of",
"future",
"performance",
"and",
"that",
"a",
"variety",
"of",
"factors",
"could",
"cause",
"the",
"Company",
"'s",
"actual",
"results",
"and",
"experience",
"to",
"differ",
"materially",
"from",
"the",
"anticipated",
"results",
"or",
"other",
"expectations",
"expressed",
"in",
"the",
"Company",
"'s",
"forward",
"-",
"looking",
"statements",
".",
"The",
"risks",
"and",
"uncertainties",
"which",
"may",
"affect",
"the",
"operations",
",",
"performance",
",",
"development",
"and",
"results",
"of",
"the",
"Company",
"'s",
"business",
"include",
",",
"but",
"are",
"not",
"limited",
"to",
",",
"the",
"following",
":",
"uncertainties",
"relating",
"to",
"economic",
"conditions",
";",
"uncertainties",
"relating",
"to",
"customer",
"plans",
"and",
"commitments",
";",
"the",
"pricing",
"and",
"availability",
"of",
"equipment",
",",
"materials",
"and",
"inventories",
";",
"technological",
"developments",
";",
"performance",
"issues",
"with",
"suppliers",
"and",
"subcontractors",
";",
"economic",
"growth",
";",
"delays",
"in",
"testing",
"of",
"new",
"products",
";",
"the",
"Company",
"'s",
"ability",
"to",
"successfully",
"integrate",
"acquired",
"operations",
";",
"the",
"effectiveness",
"of",
"cost",
"-",
"reduction",
"plans",
";",
"rapid",
"technology",
"changes",
"and",
"the",
"highly",
"competitive",
"environment",
"in",
"which",
"the",
"Company",
"operates",
".",
"Readers",
"are",
"cautioned",
"not",
"to",
"place",
"undue",
"reliance",
"on",
"these",
"forward",
"-",
"looking",
"statements",
",",
"which",
"speak",
"only",
"as",
"of",
"the",
"date",
"the",
"statement",
"was",
"made",
"."
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"O",
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"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",
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"O",
"O",
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"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",
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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",
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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",
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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",
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"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",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"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",
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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",
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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",
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807882-000115752318000601-a51776578ex99_1 | EX-99.1
2
a51776578ex99_1.htm
EXHIBIT 99.1
Exhibit 99.1
Jack in the Box Inc. Completes Sale of Qdoba Restaurant Corporation
SAN DIEGO--(BUSINESS WIRE)--March 21, 2018--Jack in the Box Inc. (NASDAQ: JACK) (the "Company") today announced that it has completed the sale of Qdoba Restaurant Corporation ("Qdoba") to an affiliate of certain funds managed by affiliates of Apollo Global Management, LLC (together with its consolidated subsidiaries, "Apollo") (NYSE: APO) for approximately $305 million in cash. Qdoba operates and franchises more than 700 QDOBA MEXICAN EATS
®
restaurants in the U.S. and Canada.
In connection with the sale, the Company will make a prepayment of $260 million to retire outstanding debt under its term loan, as required by the terms of its credit facility.
Lenny Comma, chairman and chief executive officer of Jack in the Box Inc., said, "We wish the Qdoba brand and its leadership team and franchisees all the best. Completing the sale of Qdoba marks an important milestone in the actions we're taking to enhance shareholder value while creating an asset-light business model that is less capital intensive".
Lance Milken, a senior partner at Apollo, said, "With the close of this acquisition, we are very excited to be working alongside Qdoba's outstanding management team, talented employees, and dedicated franchise partners. We look forward to continuing Qdoba's growth as a leading fast-casual restaurant brand".
At the time the Company acquired Qdoba in 2003, it had 85 locations in 16 states, with $65 million in system-wide sales. Today, Qdoba is the second largest fast-casual Mexican food brand in the U.S., with more than 700 locations in 47 states, the District of Columbia and Canada, and system-wide sales of more than $820 million in fiscal 2017.
Advisors
Morgan Stanley & Co. LLC served as financial advisor and Gibson, Dunn & Crutcher LLP served as legal counsel to the Company in connection with this transaction. Apollo was advised by Morgan, Lewis & Bockius LLP, Paul, Weiss, Rifkind, Wharton & Garrison LLP, Deutsche Bank Securities Inc., and PJ Solomon.
About Jack in the Box Inc.
Jack in the Box Inc. (NASDAQ: JACK), based in San Diego, is a restaurant company that operates and franchises Jack in the Box
®
restaurants, one of the nation's largest hamburger chains, with more than 2,200 restaurants in 21 states and Guam. For more information on Jack in the Box, including franchising opportunities, visit
www.jackinthebox.com
.
About Apollo Global Management, LLC
Apollo is a leading global alternative investment manager with offices in New York, Los Angeles, Houston, Chicago, Bethesda, Toronto, London, Frankfurt, Madrid, Luxembourg, Mumbai, Delhi, Singapore, Hong Kong and Shanghai. Apollo had assets under management (AUM) of approximately $249 billion as of December 31, 2017, in Private Equity, Credit and Real Assets invested across a core group of nine industries where Apollo has considerable knowledge and resources. For more information about Apollo, please visit
www.agm.com
.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the federal securities laws. Such statements are subject to substantial risks and uncertainties. A variety of factors could cause the Company's actual results to differ materially from those expressed in the forward-looking statements, including the following: the success of new products and marketing initiatives; the impact of competition, unemployment, trends in consumer spending patterns and commodity costs; the Company's ability to reduce G&A the Company's ability to execute its refranchising strategy; the Company's ability to achieve and manage its planned growth, which is affected by the availability of a sufficient number of suitable new restaurant sites, the performance of new restaurants, and risks relating to expansion into new markets; litigation risks; food safety incidents or negative publicity impacting the reputations of the Company's brands; and stock market volatility. These and other factors are discussed in the Company's annual report on Form 10-K and its periodic reports on Form 10-Q filed with the Securities and Exchange Commission which are available online at
http://investors.jackinthebox.com
or in hard copy upon request. The Company undertakes no obligation to update or revise any forward-looking statement, whether as the result of new information or otherwise.
CONTACT:
Jack in the Box Inc.
Investor Contact:
Carol DiRaimo, (858) 571-2407
or
Media Contact:
Brian Luscomb, (858) 571-2291
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92472-000115752308000958-a5602863ex991 | EX-99.1
2
a5602863ex991.htm
EXHIBIT 99.1
Exhibit 99.1
Southwest
Water Announces Acquisition of Birmingham, Alabama Wastewater System
LOS ANGELES--(BUSINESS WIRE)--Southwest Water Company (NASDAQ:SWWC)
today announced the acquisition of the Riverview sewer system and
related treatment plant from the Shelby County Governmental Utility
Services Corporation of Alabama for $22.5 million.
"This acquisition represents an excellent opportunity for Southwest
Water", said Mark A. Swatek, chief executive officer and chairman of
Southwest Water. "The system currently services over 12,000 residents
and is located in a high population growth area that serves a major
commercial corridor. Moreover, it is adjacent to our Shelby County
wastewater system which will allow us to realize synergies by combining
the operations of the two systems".
Southwest Water Company provides a broad range of services including
water production, treatment and distribution; wastewater collection and
treatment; utility billing and collection; utility infrastructure
construction management; and public works services. The company owns
regulated public utilities and also serves cities, utility districts and
private companies under contract. More than two million people from
coast to coast depend on Southwest Water for high-quality, reliable
service. Additional information may be found on the company's website:
www.swwc.com.
CONTACT:
Southwest Water Company
DeLise Keim, (213) 929-1846
www.swwc.com
or
PondelWilkinson
Inc.
Robert Jaffe, (310) 279-5969
www.pondel.com
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1527590-000110465921039200-tm2110355d1_ex99-1 | EX-99.1
2
tm2110355d1_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
Ready
Capital Corporation and Anworth Mortgage Asset Corporation Announce Completion of Merger
New York, New York, March 19, 2021
/ PRNewswire / - Ready Capital Corporation (NYSE: RC) ("Ready Capital" or the "Company") and Anworth
Mortgage Asset Corporation (NYSE: ANH) ("Anworth") jointly announced today that they have completed the previously
announced merger pursuant to the terms of the Agreement and Plan of Merger, dated as of December 6, 2020, by and among Ready
Capital, Anworth and RC Merger Subsidiary, LLC, a Delaware limited liability company and a wholly owned subsidiary of Ready Capital
(the "Merger Agreement"). As of the closing of trading on March 19, 2021, Anworth ceased to be publicly traded
and its common stock and preferred stock was suspended from trading on the NYSE. The combined company will conduct business under
the name "Ready Capital Corporation" and will continue to trade on the New York Stock Exchange under the ticker symbol
"RC."
Each outstanding share of common stock,
par value $0.01 per share, of Anworth ("Anworth Common Stock") (other than shares held by Ready Capital or Merger Sub
or by any wholly owned subsidiary of Ready Capital, Merger Sub or Anworth, which were automatically cancelled and retired and ceased
to exist) was converted into the right to receive from Ready Capital (i) 0.1688 newly issued shares of common stock, par value
$0.0001 per share, of Ready Capital (the "Ready Capital Common Stock") plus (ii) $0.61 in cash. No fractional
shares of Ready Capital Common Stock were issued in the merger, and the value of any fractional interests to which a former holder
of Anworth Common Stock is otherwise entitled will be paid in cash.
Additionally,
at the effective time of the merger, (i) each outstanding share of 8.625% Series A Cumulative Preferred Stock, par value
$0.01 per share, of Anworth was converted into the right to receive one newly issued share of newly designated 8.625% Series B
Cumulative Preferred Stock, par value $0.0001 per share, of Ready Capital, (ii) each outstanding share of 6.25% Series B
Cumulative Convertible Preferred Stock, par value $0.01 per share, of Anworth was converted into the right to receive one newly
issued share of newly designated 6.25% Series C Cumulative Convertible Preferred Stock, par value $0.0001 per share, of Ready
Capital, and (iii) each outstanding share of 7.625% Series C Cumulative Redeemable Preferred Stock, par value $0.01 per
share, of Anworth was converted into the right to receive one newly issued share of newly designated 7.625% Series D Cumulative
Redeemable Preferred Stock, par value $0.0001 per share, of Ready Capital.
Pursuant to the Merger Agreement, the size
of Ready Capital's board of directors was increased by one member upon the closing of the merger, and Dominique Mielle, an
independent director of Anworth, was appointed to Ready Capital's board of directors.
"The closing of the merger with Anworth
will better position us to continue to grow and improve operating and cost efficiencies to establish Ready Capital as an industry-leading
mortgage REIT with a diversified platform", said Thomas Capasse, Chairman and Chief Executive Officer of Ready Capital.
Forward-Looking Statements
This press release includes "forward-looking
statements", as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E
of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided
by the same. These forward-looking statements are based on current assumptions, expectations and beliefs of Ready Capital and
are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described
in the forward-looking statements. Ready Capital cannot give any assurance that these forward-looking statements will be accurate.
These forward-looking statements generally can be identified by phrases such as "will", "expects", "anticipates,"
"foresees", "forecasts", "estimates" or other words or phrases of similar import. It is uncertain
whether any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what impact
they will have on the results of operations and financial condition of the combined company. There are a number of risks and uncertainties,
many of which are beyond the parties' control, that could cause actual results to differ materially from the forward-looking
statements included herein, including, but not limited to: risks related to disruption of management's attention from ongoing
business operations due to the merger; the risk that the merger could have an adverse effect on the operating results and business
of the combined companies generally; the outcome of any legal proceedings relating to the merger; the impact of the COVID-19 pandemic
on the business and operations, financial condition, results of operations, and liquidity and capital resources of Ready Capital;
conditions in the market for mortgage-related investments; changes in interest rates; changes in the yield curve; changes in prepayment
rates; the availability and terms of financing; market conditions; general economic conditions; the ability to retain key personnel;
and legislative and regulatory changes that could adversely affect the business of Ready Capital. All such factors are difficult
to predict, including those risks set forth in Ready Capital's Joint Proxy Statement/Prospectus filed with the SEC on February 9,
2021 and Ready Capital's and Anworth's annual reports on Form 10-K, quarterly reports on Form 10-Q, and
current reports on Form 8-K that are available on the SEC's website at
http://www.sec.gov
. The forward-looking
statements included in this press release are made only as of the date hereof. Readers are cautioned not to place undue reliance
on these forward-looking statements that speak only as of the date hereof. Ready Capital undertakes no obligation to update these
forward-looking statements to reflect subsequent events or circumstances, except as required by applicable law.
About Ready Capital Corporation
Ready Capital Corporation (NYSE: RC) is
a multi-strategy real estate finance company that originates, acquires, finances and services small to medium balance commercial
loans. Ready Capital specializes in loans backed by commercial real estate, including agency multifamily, investor and bridge as
well as SBA 7(a) business loans. Headquartered in New York, New York, Ready Capital employs over 500 lending professionals
nationwide. The company is externally managed and advised by Waterfall Asset Management, LLC.
Advisors
Alston & Bird LLP acted as legal
advisor and Wells Fargo Securities, LLC acted as financial advisor to Ready Capital. Greenberg Traurig, LLP acted as legal advisor
and Credit Suisse Securities (USA) LLC acted as financial advisor to Anworth.
Contact
Investor Relations
Ready Capital Corporation
212-257-4666
InvestorRelations@readycapital.com
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316300-000110465906064402-a06-20604_1ex99d2 | EX-99.2
2
a06-20604_1ex99d2.htm
EX-99
Exhibit 99.2
EXCO Resources, Inc.
12377 Merit Drive, Suite 1700, LB 82, Dallas, Texas 75251
(214) 368-2084 FAX (214)
368-2087
EXCO RESOURCES, INC. COMPLETES
ACQUISITION OF
EAST
TEXAS, NORTH LOUISIANA GAS PRODUCER
DALLAS, TEXAS,
October 2, 2006…EXCO Resources, Inc. (NYSE:XCO) today announced that it has
completed its acquisition of Winchester Energy Company, Ltd. and its affiliated
entities from Progress Energy, Inc. (NYSE:PGN) for approximately $1.16 billion,
subject to certain contractual closing and post-closing adjustments.
EXCO financed the
acquisition of Winchester Energy and its affiliated entities, which own
properties located in East Texas and North Louisiana, with borrowings by EXCO
Partners, LP, its indirect, wholly-owned subsidiary, under a $650 million term
loan facility and a new revolving credit facility. EXCO also completed the
contribution of its East Texas assets to EXCO Partners, LP.
EXCO Resources,
Inc. is an oil and natural gas acquisition, exploitation, development and
production company headquartered in Dallas, Texas with principal operations in
Texas, Colorado, Louisiana, Ohio, Oklahoma, Pennsylvania and West Virginia.
Additional
information about EXCO Resources, Inc. may be obtained by contacting EXCO's
President, Stephen F. Smith, at EXCO's headquarters, 12377 Merit Drive, Suite
1700, Dallas, TX 75251, telephone number
(214) 368-2084, or by visiting EXCO's website at www.excoresources.com. EXCO's SEC filings and press releases can be
found under the Investor Relations tab.
###
This
release may contain forward-looking statements relating to future financial
results or business expectations.
Business plans may change as circumstances warrant. Actual results may differ materially from
those predicted as a result of factors over which EXCO has no control. Such factors include, but are not limited to:
acquisitions, recruiting and new business solicitation efforts, estimates of
reserves, commodity price changes, the extent to which EXCO is successful in
integrating recently acquired businesses, regulatory changes and general
economic conditions. These risk factors
and additional information are included in EXCO's reports on file with the
Securities and Exchange Commission.
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1574596-000119312521267372-d211443dex991 | EX-99.1
4
d211443dex991.htm
EX-99.1
EX-99.1
Exhibit 99.1
FOR IMMEDIATE RELEASE
The New Home
Company and Apollo Announce Completion of the Acquisition of The New Home Company
by Funds Managed by Affiliates of Apollo
SCOTTSDALE, AZ and NEW YORK, NY
-
September
8, 2021
- The New Home Company (NYSE: NWHM) ("NWHM" or
"the Company") and Newport Merger Sub, Inc. (the "Purchaser"), an entity controlled by funds (the "Apollo Funds") managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated
subsidiaries, "Apollo") today announced the successful completion of the previously commenced cash tender offer by the Purchaser to purchase all of the outstanding shares of common stock of NWHM.
The tender offer expired at 12:00 A.M., New York City time on September 8, 2021. As of the expiration of the tender offer, a total of 16,334,654 shares
of common stock of NWHM, representing approximately 89.95% of the outstanding NWHM shares, were validly tendered into and not withdrawn from the tender offer. As of such expiration, all conditions to the tender offer have been satisfied or waived.
Purchaser has accepted for payment, and expects to promptly pay for, all such NWHM shares validly tendered and not withdrawn in accordance with the terms of the tender offer.
As a result of its acceptance of the shares tendered in the tender offer, Purchaser has acquired a sufficient number of shares of the Company's common
stock to close the merger of Purchaser with and into the Company without the affirmative vote of the Company's other stockholders pursuant to Section 251(h) of the Delaware General Corporation Law. On September 8, 2021, Purchaser
consummated the merger. In connection with the merger, the remaining outstanding shares were cancelled and automatically converted into the right to receive $9.00 per share in cash, being the same price paid in the tender offer. As a result of the
tender offer and the merger, NWHM became a privately-held, indirect wholly-owned subsidiary of the Apollo Funds and the Company's common stock ceased trading on the New York Stock Exchange.
J.P. Morgan Securities LLC is acting as financial advisor to the Apollo Funds and Paul, Weiss, Rifkind, Wharton & Garrison LLP is acting as legal
advisor to Apollo. Citigroup Global Markets, Inc. served as financial advisor to the Company and Latham & Watkins LLP served as legal counsel.
About The New Home Company
The New Home Company is a
publicly traded company listed on the New York Stock Exchange under the symbol "NWHM." It is a new generation homebuilder focused on the design, construction and sale of innovative and consumer-driven homes in major metropolitan areas
within select growth markets in California, Arizona and Colorado. For more information about the Company and its new home developments, please visit the Company's website at www.NWHM.com.
About Apollo
Apollo is a high-growth, global alternative
asset manager. We seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three business strategies: yield, hybrid and opportunistic. Through our investment
activity across our fully integrated platform, we serve the retirement income and financial return needs of our clients, and we offer innovative capital solutions to businesses. Our patient, creative, knowledgeable approach to investing aligns our
clients, businesses we invest in, our employees and the communities we impact, to expand opportunity and achieve positive outcomes. As of June 30, 2021, Apollo had approximately $472 billion of assets under management. To learn more,
please visit http://www.apollo.com.
Forward-Looking Statements
Any forward-looking statements, including, but not limited to, statements regarding the transaction between Apollo and NWHM, strategic and other potential
benefits of the transaction, and other statements about Apollo's future expectations, beliefs, goals, plans or prospects, are subject to risks and uncertainties such as those described under the heading "Risk Factors" in the
Company's periodic reports on file with the U.S. Securities and Exchange Commissions ("SEC"). These statements speak only as of the date of this press release and are based on Apollo's and NWHM's current plans and
expectations and involve risks and uncertainties that could cause actual future events or results to be different from those described in or implied by such forward-looking statements, including risks and uncertainties regarding: changes in
financial markets; changes in economic, political or regulatory conditions; changes in facts and other circumstances and uncertainties concerning the proposed transaction; and other factors set forth from time to time in NWHM's SEC filings,
including its Annual Reports on Form
10-K
and Quarterly Reports on Form
10-Q,
as well as the tender offer statement, solicitation/recommendation statement and other
tender offer documents that will be filed by Apollo and NWHM, as applicable. Apollo and NWHM caution investors not to place considerable reliance on the forward-looking statements contained in this press release. Except as required by applicable law
or regulation, Apollo does not undertake any obligation to update or revise any such forward-looking statements to reflect future events or circumstances.
Important Additional Information
This
communication is neither an offer to purchase nor a solicitation of an offer to sell common stock of NWHM, Apollo, or any other securities. This communication is for informational purposes only.
Investor Contact:
Investor Relations
The New Home Company Inc.
(949) 382-7838
investorrelations@nwhm.com
For Apollo
:
Investor Contact:
Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
212 822 0540
IR@apollo.com
Media Contact:
Joanna Rose
Global Head of Corporate Communications
Apollo Global
Management, Inc.
212 822 0491
Communications@apollo.com
2
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1310383-000114036108010080-ex99_1 | EX-99.1
8
ex99_1.htm
EXHIBIT 99.1
ex99_1.htm
Exhibit 99.1
Contact
:
Dominic
Petrucci
Chief
Operating Officer
Cornerstone
Ventures, Inc.
949
263 4340
dpetrucci@cvinc.net
Cornerstone
Core Properties REIT, Inc. Announces Purchase Of
Monroe
North CommerCenter For $14.3 Million
Irvine, CA - April 17, 2008
-
Cornerstone Core Properties REIT, Inc (CCP REIT) announced today it has purchase
an existing multi-tenant industrial property known as Monroe North CommerCenter
for approximately $14.3 million. Monroe North CommerCenter consists
of two industrial buildings ideally located in the metropolitan Orlando, Florida
area. The property is currently 100% leased to 15 different tenants
whose spaces range in size from approximately 7,300 square feet to approximately
29,000 square feet. The property has approximately 181,300 square
feet of space situated on approximately 14 acres of land.
Metropolitan
Orlando's central location offers almost equidistant access to the state's other
major metropolitan centers, positioning the region as a hub with quick, easy
access to air, land and water transportation routes. The networks of
air routes, rail systems and interstate highways, as well as nearby deep-water
ports, are attractive to various manufacturing, warehouse and distribution
businesses. Monroe North CommerCenter benefits from a desirable North
Orlando location and from immediate access to a major interstate highway
interchange.
Scarcity
of available industrial land in Central Florida combined with rising
construction costs have made it difficult for developers to get a foothold in
the Orlando industrial market. According to CB Richard Ellis, Central
Florida remains an economically over-performing metro area and will remain in
that category in the foreseeable future, due to strong demographic trends and
moderate costs of living. According to CB Richard Ellis, industrial
real estate in the first quarter of 2008 closed with an overall vacancy rate of
8.8% in the Orlando metropolitan market while average overall first quarter 2008
rental rates for the Orlando area were slightly higher than for the fourth
quarter of 2007.
CCP REIT
is a publicly offered, non-traded real estate company investing primarily in
multi-tenant industrial properties located in major metropolitan markets
throughout the United States. While the CCP REIT may use some degree
of debt financing for acquisition, working capital, tenant improvements, capital
improvements and cash distributions, it intends to own and operate its
properties on an all-cash basis thus mitigating foreclosure and interest rate
risk.
This
release may contain forward-looking statements with the meaning of Section 27A
of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of
1934, including discussions regarding Cornerstone Core Properties REIT, Inc's
use of proceeds and certain other factors that may affect future earnings or
financial results. Such statements involve risk and uncertainties which could
cause actual results to vary materially form those expressed in or indicated by
the forward-looking statements. Factors that may cause actual results to differ
materially include changes general economic conditions, changes in real estate
conditions, construction delays, changes in interest rates, lease-up risks, lack
of financing availability and lack of capital proceeds. This is not an offer or
a solicitation to purchase securities. Such an offer can be made only
by means of a prospectus that includes more complete information on the fees and
risk factors involved. Investors should read a prospectus carefully before
investing. To obtain a prospectus, please contact your investment
professional or Pacific Cornerstone Capital, Inc. at 1920 Main Street, Suite
400, Irvine, CA 92614 (877 805 3333). Securities offered through Pacific
Cornerstone Capital, Inc. Member FINRA and SIPC. Investments are not FDIC
insured, not bank guaranteed and may lose value.
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"will",
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"8",
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"looking",
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"Securities",
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",",
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"O",
"O",
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"O",
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"O",
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1394074-000119312518351138-d676080dex991 | EX-99.1
2
d676080dex991.htm
EX-99.1
EX-99.1
Exhibit 99.1
Enbridge Inc. and Spectra Energy Partners, LP Complete Merger
CALGARY and HOUSTON, December
17, 2018
- Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge), on behalf of itself and certain of
its wholly owned U.S. subsidiaries, and Spectra Energy Partners, LP (NYSE: SEP) (SEP) today announced that they have completed the previously announced merger (the Merger) pursuant to an Agreement and Plan of Merger dated as of August 24, 2018
(the Merger Agreement). The Merger resulted in Enbridge (through a wholly owned subsidiary) acquiring all of the outstanding public common units of SEP and SEP becoming an indirect, wholly owned subsidiary of Enbridge.
Effective today, SEP unitholders of record as of the close of business on November 5, 2018 (other than Enbridge and its subsidiaries) are entitled to
receive from Enbridge pursuant to the Merger Agreement, for each SEP common unit held, 1.111 common shares of Enbridge.
Also effective today, the SEP
common units will be suspended from trading on, and delisted from, the New York Stock Exchange (NYSE). Common shares of Enbridge will continue to trade on both the NYSE and the Toronto Stock Exchange under the symbol "ENB".
Forward Looking Statements
Certain information
provided in this news release constitutes forward-looking statements. The words "anticipate", "expect", "project" and similar words and expressions are intended to identify such forward-looking statements. All
statements other than statements of historical fact may constitute forward-looking statements Forward-looking information or statements included or incorporated by reference in this document include, but are not limited to, statements with respect
to the suspension of the SEP common units from trading on, and delisting from, the NYSE.. Although Enbridge and SEP believe these statements are based on information and assumptions which are current, reasonable and complete, these statements are
not guarantees of future performance and readers are cautioned against placing undue reliance on forward-looking statements. By their nature, these statements involve a variety of assumptions, risks and uncertainties which may cause actual results
to differ from those expressed or implied by such statements. Material assumptions include assumptions about the satisfaction of all conditions to the suspension from trading and delisting of the SEP common units. While Enbridge and SEP make these
forward-looking statements in good faith, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected. Except as may be required by
applicable securities laws, Enbridge and SEP assume no obligation to publicly update or revise any forward-looking statements made herein or otherwise, whether as a result of new information, future events or otherwise.
About Enbridge Inc.
Enbridge Inc. is North
America's premier energy infrastructure company with strategic business platforms that include an extensive network of crude oil, liquids and natural gas pipelines, regulated natural gas distribution utilities and renewable power generation.
The Company safely delivers an average of 2.9 million barrels of crude oil each day through its Mainline and Express Pipeline; accounts for approximately 62% of U.S.-bound Canadian crude oil exports; and moves approximately 22% of all natural
gas consumed in the U.S., serving key supply basins and demand markets. The Company's regulated utilities serve approximately 3.7 million retail customers in Ontario, Quebec, and New Brunswick. Enbridge also has interests in more than
1,700 MW of net renewable generating capacity in North America and Europe. The Company has ranked on the Global 100 Most Sustainable Corporations index for the past nine years; its common shares trade on the Toronto and New York stock exchanges
under the symbol ENB.
1
Life takes energy and Enbridge exists to fuel people's quality of life. For more information, visit
www.enbridge.com.
About Spectra Energy Partners, LP
Spectra Energy Partners, LP is one of the largest pipeline master limited partnerships in the United States and connects growing supply areas to high-demand
markets for natural gas and crude oil. These assets include approximately 16,000 miles of transmission pipelines, approximately 170 billion cubic feet of natural gas storage, and approximately 5.6 million barrels of crude oil storage.
Information about Spectra Energy Partners, LP is available on its website at www.spectraenergypartners.com.
FOR FURTHER INFORMATION PLEASE
CONTACT:
Media
Michael Barnes
Toll Free: (888)
992-0997
Email: media@enbridge.com
Investment Community
Toll Free: (800)
481-2804
Email: investor.relations@enbridge.com
2
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708821-000114036121012100-brhc10022897_ex99-1 | EX-99.1
10
brhc10022897_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
FOR RELEASE:
NEW HARTFORD, NY, April 8, 2021
CONTACT:
Christopher R. Byrnes (315) 743-8376
chris_byrnes@partech.com,
www.partech.com
PAR Technology Corporation acquires Leading Loyalty Provider Punchh Inc. for $500MM, Becoming a Unified Commerce Cloud Platform for Enterprise Restaurants.
Equity funding for the transaction led by Ron Shaich's Act III Holdings and funds and accounts advised by T. Rowe Price Associates, Inc.
NEW HARTFORD, N.Y., April 8, 2021
- PAR Technology Corporation (NYSE: PAR), a leading global provider of restaurant software, today announced that it has acquired Punchh Inc. ("Punchh"), a leader in
loyalty and guest engagement solutions, for approximately
$500 million paid in cash and shares of PAR common stock to Punchh stockholders. This acquisition
makes PAR a unified
commerce cloud
platform for enterprise restaurants
and positions PAR to lead the industry with integrated point-of-sale, back office, payment and guest engagement
solutions.
Savneet Singh, PAR Technology Corporation CEO & President, said "Today there is a conflict between restaurants and technology. The quantity of new software applications is making it difficult for restaurants
to navigate complex integration networks and taking away from focusing on their guests. Meanwhile, online marketplaces are becoming intermediaries between restaurants and their guests.
With the Punchh acquisition, we are building a
platform that enables restaurants to scale quickly, own their path to innovation, and take back their guest relationship.
This
eliminates the need for juggling disjointed vendors, developing cumbersome
point-to-point integrations, and relying on 3
rd
party dependencies.
At the same time, Punchh advances our ability to provide
customers with an end-to-end solution, from guest-to-kitchen, through
one unified data source
."
Singh added, "In our view, Punchh is the pre-eminent loyalty and CRM SaaS provider to enterprise restaurants. They boast a blue-chip roster of customers, industry
-
leading
growth, 100%+ net dollar retention and very high customer NPS scores. Punchh's highly experienced team are among the industry's best - we're beyond excited to have them join us on our ambitious journey. I am also pleased to report that the
combined companies, on a pro-forma basis, at the end of 2020, would have generated $65 million in run-rate ARR, while maintaining our growth and net dollar retention".
Shyam Rao, Co-founder and President of Punchh, said "With its Brink POS®, PAR has been a Punchh partner for many years. We've gotten to know them while jointly servicing customers and have always been impressed with their focus on their
customer's success. PAR's point-of-sale and back-office solutions combined with our loyalty and engagement platform give customers an end-to-end solution for top-line growth, profitable guest relationships and operational efficiencies. We're
excited to join the PAR team and further our offerings to the hospitality industry".
PAR financed the cash consideration of the purchase price through a combination of equity and debt, including proceeds from the sale of $160 million of PAR common stock to PAR Act III, LLC ("Act III") and to funds and accounts advised by T. Rowe
Price Associates, Inc. and a $180 million senior secured term loan under a credit agreement, with Owl Rock First Lien Master Fund, L.P., as administrative and collateral agent.
Keith Pascal, Act III Partner, joins the Board of Directors of PAR Technology Corporation and, Ron Shaich, Act III Managing Partner and founder of Panera Bread, takes a Board Observer seat.
Shaich said, "We are thrilled to join this journey with PAR and Punchh. As a founder and long-time CEO of a large restaurant company, I understand first-hand the struggles of trying to power a large enterprise by gluing together disparate
technologies from multiple vendors which results in silos of data, increased management costs and barriers to agile innovation. However, those restaurant brands that can create a differentiated guest experience, aided by seamless omnichannel
technology and a superior understanding of their guests' preferences and behaviors, will be best positioned to win in the ever increasingly competitive restaurant marketplace. I believe PAR's vision of a unified commerce cloud will enable more
restaurant enterprises to compete effectively and efficiently in the digital arms race".
Goldman Sachs & Co. LLC served as financial advisor to PAR Technology Corporation, and as sole placement agent in connection with the concurrent financing transactions. Gibson, Dunn & Crutcher LLP served as legal counsel to PAR
Technology Corporation in connection with the acquisition and financing transactions.
J.P. Morgan Securities LLC served as exclusive financial advisor and Fenwick & West LLP as legal counsel to Punchh.
PAR Management will host a conference call to discuss the transaction at 10:30 a.m. ET on Thursday, April 8, 2021. To participate in the call, please call
844-419-5412
, approximately 10 minutes in
advance. No passcode is required to participate in the live call. Individual & Institutional Investors will have the opportunity to listen to the conference call/event over the internet by visiting PAR's website at
www.partech.com/about-us/investor-relations/
Alternatively, listeners may access an archived version of the presentation call after 8:30 p.m. on April 8 through April 15, 2021 by dialing
855-859-2056 and using conference ID 9192656.
PAR Technology looks forward to your participation in this conference call. Please call Tiffani Temple at 315-738-0600 x 6325 with any questions.
This press release contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, Section 27A of the Securities Act of 1933, as amended, and the Private Securities Litigation Reform
Act of 1995. Forward-looking statements are not historical in nature, but rather are predictive of PAR's future operations, financial condition, business strategies and prospects. Forward-looking statements are generally identified by words such
as "anticipate", "believe", "belief", "continue", "could", "expect", "estimate", "intend", "may", "opportunity", "plan", "should", "will", "would", "will likely result", and similar expressions. Forward-looking statements are based on current
expectations and assumptions as to future occurrences and trends, including statements expressing optimism or pessimism about future operating results or events and projected sales, earnings, capital expenditures and business strategies, that are
subject to risks and uncertainties, which could cause actual results to differ materially from those expressed in, or implied by, the forward-looking statements, including potential business uncertainties relating to the acquisition, disruptions to
PAR's business and operational relationships, PAR's ability to achieve anticipated synergies, and the anticipated costs, timing and complexity of integration. Factors that could cause or contribute to such differences include, but are not limited
to, those discussed in PAR's Annual Report on Form 10-K for the year ended December 31, 2020 and PAR's other filings with the SEC. PAR undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new
information, future events, or otherwise, except as may be required under applicable securities law.
About PAR Technology Corporation
PAR Technology Corporation through its wholly owned subsidiary ParTech, Inc., is a customer success-driven, global technology company with over 100,000 restaurants in more than 110 countries using its point-of-sale hardware and SaaS software.
PAR Technology Corporation's stock is traded on the New York Stock Exchange under the symbol PAR (NYSE: PAR). For more information, visit www.partech.com or connect with PAR on Facebook or Twitter.
About Punchh
Punchh is a leading loyalty and engagement solution for restaurant, retail, and convenience store brands. For a decade Punchh has created consistent, modern loyalty experiences to help physical retailers understand their guests and use real data
insights to serve them best. Powered through A.I., the company builds meaningful relationships and dramatically increases lifetime guests. For more information please visit
www.punchh.com.
###
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"Punchh",
".",
"As",
"a",
"founder",
"and",
"long",
"-",
"time",
"CEO",
"of",
"a",
"large",
"restaurant",
"company",
",",
"I",
"understand",
"first",
"-",
"hand",
"the",
"struggles",
"of",
"trying",
"to",
"power",
"a",
"large",
"enterprise",
"by",
"gluing",
"together",
"disparate",
"technologies",
"from",
"multiple",
"vendors",
"which",
"results",
"in",
"silos",
"of",
"data",
",",
"increased",
"management",
"costs",
"and",
"barriers",
"to",
"agile",
"innovation",
".",
"However",
",",
"those",
"restaurant",
"brands",
"that",
"can",
"create",
"a",
"differentiated",
"guest",
"experience",
",",
"aided",
"by",
"seamless",
"omni",
"channel",
"technology",
"and",
"a",
"superior",
"understanding",
"of",
"their",
"guests",
"'",
"preferences",
"and",
"behaviors",
",",
"will",
"be",
"best",
"positioned",
"to",
"win",
"in",
"the",
"ever",
"increasingly",
"competitive",
"restaurant",
"marketplace",
".",
"I",
"believe",
"PAR",
"'s",
"vision",
"of",
"a",
"unified",
"commerce",
"cloud",
"will",
"enable",
"more",
"restaurant",
"enterprises",
"to",
"compete",
"effectively",
"and",
"efficiently",
"in",
"the",
"digital",
"arms",
"race",
"\"",
".",
"Goldman",
"Sachs",
"&",
"Co",
".",
"LLC",
"served",
"as",
"financial",
"advisor",
"to",
"PAR",
"Technology",
"Corporation",
",",
"and",
"as",
"sole",
"placement",
"agent",
"in",
"connection",
"with",
"the",
"concurrent",
"financing",
"transactions",
".",
"Gibson",
",",
"Dunn",
"&",
"Crutcher",
"LLP",
"served",
"as",
"legal",
"counsel",
"to",
"PAR",
"Technology",
"Corporation",
"in",
"connection",
"with",
"the",
"acquisition",
"and",
"financing",
"transactions",
".",
"J",
".",
"P",
".",
"Morgan",
"Securities",
"LLC",
"served",
"as",
"exclusive",
"financial",
"advisor",
"and",
"Fenwick",
"&",
"West",
"LLP",
"as",
"legal",
"counsel",
"to",
"Punchh",
".",
"PAR",
"Management",
"will",
"host",
"a",
"conference",
"call",
"to",
"discuss",
"the",
"transaction",
"at",
"10",
":",
"30",
"a.m.",
"ET",
"on",
"Thursday",
",",
"April",
"8",
",",
"2021",
".",
"To",
"participate",
"in",
"the",
"call",
",",
"please",
"call",
"844",
"-",
"419",
"-",
"5412",
",",
"approximately",
"10",
"minutes",
"in",
"advance",
".",
"No",
"passcode",
"is",
"required",
"to",
"participate",
"in",
"the",
"live",
"call",
".",
"Individual",
"&",
"Institutional",
"Investors",
"will",
"have",
"the",
"opportunity",
"to",
"listen",
"to",
"the",
"conference",
"call",
"/",
"event",
"over",
"the",
"internet",
"by",
"visiting",
"PAR",
"'s",
"website",
"at",
"www.partech.com/about-us/investor-relations/",
"Alternatively",
",",
"listeners",
"may",
"access",
"an",
"archived",
"version",
"of",
"the",
"presentation",
"call",
"after",
"8",
":",
"30",
"p.m.",
"on",
"April",
"8",
"through",
"April",
"15",
",",
"2021",
"by",
"dialing",
"855",
"-",
"859",
"-",
"2056",
"and",
"using",
"conference",
"ID",
"9192656",
".",
"PAR",
"Technology",
"looks",
"forward",
"to",
"your",
"participation",
"in",
"this",
"conference",
"call",
".",
"Please",
"call",
"Tiffani",
"Temple",
"at",
"315",
"-",
"738",
"-",
"0600",
"x",
"6325",
"with",
"any",
"questions",
".",
"This",
"press",
"release",
"contains",
"\"",
"forward",
"-",
"looking",
"statements",
"\"",
"within",
"the",
"meaning",
"of",
"Section",
"21E",
"of",
"the",
"Securities",
"Exchange",
"Act",
"of",
"1934",
",",
"as",
"amended",
",",
"Section",
"27A",
"of",
"the",
"Securities",
"Act",
"of",
"1933",
",",
"as",
"amended",
",",
"and",
"the",
"Private",
"Securities",
"Litigation",
"Reform",
"Act",
"of",
"1995",
".",
"Forward",
"-",
"looking",
"statements",
"are",
"not",
"historical",
"in",
"nature",
",",
"but",
"rather",
"are",
"predictive",
"of",
"PAR",
"'s",
"future",
"operations",
",",
"financial",
"condition",
",",
"business",
"strategies",
"and",
"prospects",
".",
"Forward",
"-",
"looking",
"statements",
"are",
"generally",
"identified",
"by",
"words",
"such",
"as",
"\"",
"anticipate",
"\"",
",",
"\"",
"believe",
"\"",
",",
"\"",
"belief",
"\"",
",",
"\"",
"continue",
"\"",
",",
"\"",
"could",
"\"",
",",
"\"",
"expect",
"\"",
",",
"\"",
"estimate",
"\"",
",",
"\"",
"intend",
"\"",
",",
"\"",
"may",
"\"",
",",
"\"",
"opportunity",
"\"",
",",
"\"",
"plan",
"\"",
",",
"\"",
"should",
"\"",
",",
"\"",
"will",
"\"",
",",
"\"",
"would",
"\"",
",",
"\"",
"will",
"likely",
"result",
"\"",
",",
"and",
"similar",
"expressions",
".",
"Forward",
"-",
"looking",
"statements",
"are",
"based",
"on",
"current",
"expectations",
"and",
"assumptions",
"as",
"to",
"future",
"occurrences",
"and",
"trends",
",",
"including",
"statements",
"expressing",
"optimism",
"or",
"pessimism",
"about",
"future",
"operating",
"results",
"or",
"events",
"and",
"projected",
"sales",
",",
"earnings",
",",
"capital",
"expenditures",
"and",
"business",
"strategies",
",",
"that",
"are",
"subject",
"to",
"risks",
"and",
"uncertainties",
",",
"which",
"could",
"cause",
"actual",
"results",
"to",
"differ",
"materially",
"from",
"those",
"expressed",
"in",
",",
"or",
"implied",
"by",
",",
"the",
"forward",
"-",
"looking",
"statements",
",",
"including",
"potential",
"business",
"uncertainties",
"relating",
"to",
"the",
"acquisition",
",",
"disruptions",
"to",
"PAR",
"'",
"s",
"business",
"and",
"operational",
"relationships",
",",
"PAR",
"'s",
"ability",
"to",
"achieve",
"anticipated",
"synergies",
",",
"and",
"the",
"anticipated",
"costs",
",",
"timing",
"and",
"complexity",
"of",
"integration",
".",
"Factors",
"that",
"could",
"cause",
"or",
"contribute",
"to",
"such",
"differences",
"include",
",",
"but",
"are",
"not",
"limited",
"to",
",",
"those",
"discussed",
"in",
"PAR",
"'s",
"Annual",
"Report",
"on",
"Form",
"10",
"-",
"K",
"for",
"the",
"year",
"ended",
"December",
"31",
",",
"2020",
"and",
"PAR",
"'s",
"other",
"filings",
"with",
"the",
"SEC",
".",
"PAR",
"undertakes",
"no",
"obligation",
"to",
"update",
"or",
"revise",
"publicly",
"any",
"forward",
"-",
"looking",
"statements",
",",
"whether",
"as",
"a",
"result",
"of",
"new",
"information",
",",
"future",
"events",
",",
"or",
"otherwise",
",",
"except",
"as",
"may",
"be",
"required",
"under",
"applicable",
"securities",
"law",
".",
"About",
"PAR",
"Technology",
"Corporation",
"PAR",
"Technology",
"Corporation",
"through",
"its",
"wholly",
"owned",
"subsidiary",
"ParTech",
",",
"Inc",
".",
",",
"is",
"a",
"customer",
"success",
"-",
"driven",
",",
"global",
"technology",
"company",
"with",
"over",
"100,000",
"restaurants",
"in",
"more",
"than",
"110",
"countries",
"using",
"its",
"point",
"-",
"of",
"-",
"sale",
"hardware",
"and",
"SaaS",
"software",
".",
"PAR",
"Technology",
"Corporation",
"'s",
"stock",
"is",
"traded",
"on",
"the",
"New",
"York",
"Stock",
"Exchange",
"under",
"the",
"symbol",
"PAR",
"(",
"NYSE",
":",
"PAR",
")",
".",
"For",
"more",
"information",
",",
"visit",
"www.partech.com",
"or",
"connect",
"with",
"PAR",
"on",
"Facebook",
"or",
"Twitter",
".",
"About",
"Punchh",
"Punchh",
"is",
"a",
"leading",
"loyalty",
"and",
"engagement",
"solution",
"for",
"restaurant",
",",
"retail",
",",
"and",
"convenience",
"store",
"brands",
".",
"For",
"a",
"decade",
"Punchh",
"has",
"created",
"consistent",
",",
"modern",
"loyalty",
"experiences",
"to",
"help",
"physical",
"retailers",
"understand",
"their",
"guests",
"and",
"use",
"real",
"data",
"insights",
"to",
"serve",
"them",
"best",
".",
"Powered",
"through",
"A",
".",
"I",
".",
",",
"the",
"company",
"builds",
"meaningful",
"relationships",
"and",
"dramatically",
"increases",
"lifetime",
"guests",
".",
"For",
"more",
"information",
"please",
"visit",
"www.punchh.com",
".",
"#",
"#",
"#"
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1235468-000110465912073740-a12-26069_1ex99d1 | EX-99.1
2
a12-26069_1ex99d1.htm
EX-99.1
Exhibit 99.1
Liquidity Services, Inc. Acquires National Electronics Service Association (NESA)
Acquisition enhances reverse logistics services in U.S. and Canada for large retailers, manufacturers and telecom firms
WASHINGTON, November 1, 2012
- Liquidity Services, Inc. (NASDAQ: LQDT), today announced it has acquired National Electronics Service Association (NESA) in an all-cash transaction. A Canadian provider of returns management, refurbishment and reverse logistics services for high-value consumer products, NESA provides expertise and focused services to Fortune 1000 companies in the management of Consumer Electronics, Telecommunications and Information Technology products.
The acquisition of NESA enhances Liquidity Services' ability to deliver large retailers and OEMs across Canada and the U.S. a full-service, reverse logistics solution for consumer electronics and technology products, including returns management, repair services and multi-channel inventory disposition.
Headquartered in Toronto, Ontario, NESA establishes Liquidity Services' first client service and distribution center in Canada and enables the company to cross-sell services with existing and prospective clients in both the U.S. and Canada. NESA's current service offering is supported by NESALive, a cloud based application that supports returns management, repair and refurbishment services in hundreds of product categories, including satellite TV boxes, laptops, game consoles, tablets, and e-books.
"With the proliferation of technology causing complexity and shorter life cycles across thousands of products, our comprehensive reverse logistics solution, encompassing returns management, refurbishment and multi-channel disposition and re-sale services, enables us to reduce costs and increase recovery value for retailers and OEMs", said Bill Angrick, Chairman and CEO of Liquidity Services. "We are delighted to add NESA's experienced team and capabilities to our business and look forward to providing NESA's client base the opportunity to utilize our existing multi-channel asset recovery services for surplus and refurbished consumer electronics and technology products. The Liquidity Services' solution leverages over 2.2 million global buyers as well as our experience completing the sale of over $3.0 billion in Gross Merchandise Volume".
"We are excited to join Liquidity Services and combine our respective services to create a comprehensive reverse logistics solution for electronic and technology products", said Dominic Renda, President and Founder of NESA. "Liquidity Services brings us a leading market position, expertise and resources to help NESA reach the next level, representing an even brighter future for our growth, innovation and value for our clients and employees".
Liquidity Services expects the deal to add approximately US$20 to US$25 million of annual Revenue and, excluding one-time deal expenses, to be $0.02 to $0.03 cents accretive to its fiscal year 2013 earnings results.
Terms of the deal include an upfront payment of approximately CA$18 million in cash plus additional cash payments based on NESA's future revenues and earnings before interest, taxes, depreciation and amortization (EBITDA) performance 24 to 36 months after closing.
About Liquidity Services, Inc.
Liquidity Services, Inc. (NASDAQ: LQDT) provides leading corporations, public sector agencies and buying customers the world's most transparent, innovative and effective online marketplaces and integrated services for surplus assets. On behalf of its clients, Liquidity Services has completed the sale of over $3.0 billion of surplus, returned and end-of-life assets, in over 500 product categories, including consumer goods, capital assets and industrial equipment. The company is based in Washington, D.C. and has nearly 1,200 employees. Additional information can be found at: http://www.liquidityservicesinc.com.
About National Electronics Service Association
NESA's mission is to provide repair and warranty services for electronic products, as well as refurbishment and re-manufacturing for a full range of consumer and business electronic products. Founded in 1986 in Toronto, NESA provides comprehensive reverse and forward logistics solutions, procurement, repair, refurbishment and remanufacturing services to leading electronics manufacturers, distributors and service providers in Canada through a distributed national service network. Located in Toronto, Ontario, NESA and its team of nearly 130 employees are proud of their 26-year history of service excellence serving corporate and consumer clients across Canada. Additional information can be found at: www.nesacanada.com.
Forward-Looking Statements
This document contains forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995, including, without limitation, statements regarding the potential benefits, impact on fiscal 2013 operating results. The outcome of the events described in these forward-looking statements is subject to known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from any future results expressed or implied by these forward-looking statements. You can identify forward-looking statements by terminology such as "expects", or the negative of these terms or other comparable terminology. We cannot guarantee future results, levels of activity, performance or achievements. There are a number of risks and uncertainties that could cause our actual results to differ materially from the forward-looking statements contained in this document. Important factors that could cause our actual results to differ materially from those expressed as forward-looking statements are set forth in the Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2011, including, but not limited to, those set forth in Part I, Item IA (Risk Factors). There may be other factors of which we are currently unaware that may cause our actual results to differ materially from the forward-looking statements. All forward-looking statements apply only as of the date of this document and are expressly qualified in their entirety by the cautionary statements included in this document. Except as may be required by law, we undertake no
obligation to publicly update or revise any forward-looking statement occurring after the date of this document.
Contact
Liquidity Services, Inc.
Julie Davis, 202.558.6234
julie.davis@liquidityservicesinc.com
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"surplus",
"and",
"refurbished",
"consumer",
"electronics",
"and",
"technology",
"products",
".",
"The",
"Liquidity",
"Services",
"'",
"solution",
"leverages",
"over",
"2",
".",
"2",
"million",
"global",
"buyers",
"as",
"well",
"as",
"our",
"experience",
"completing",
"the",
"sale",
"of",
"over",
"$",
"3.0 billion",
"in",
"Gross",
"Merchandise",
"Volume",
"\"",
".",
"\"",
"We",
"are",
"excited",
"to",
"join",
"Liquidity",
"Services",
"and",
"combine",
"our",
"respective",
"services",
"to",
"create",
"a",
"comprehensive",
"reverse",
"logistics",
"solution",
"for",
"electronic",
"and",
"technology",
"products",
"\"",
",",
"said",
"Dominic",
"Renda",
",",
"President",
"and",
"Founder",
"of",
"NESA",
".",
"\"",
"Liquidity",
"Services",
"brings",
"us",
"a",
"leading",
"market",
"position",
",",
"expertise",
"and",
"resources",
"to",
"help",
"NESA",
"reach",
"the",
"next",
"level",
",",
"representing",
"an",
"even",
"brighter",
"future",
"for",
"our",
"growth",
",",
"innovation",
"and",
"value",
"for",
"our",
"clients",
"and",
"employees",
"\"",
".",
"Liquidity",
"Services",
"expects",
"the",
"deal",
"to",
"add",
"approximately",
"US$",
"20",
"to",
"US$",
"25 million",
"of",
"annual",
"Revenue",
"and",
",",
"excluding",
"one",
"-",
"time",
"deal",
"expenses",
",",
"to",
"be",
"$",
"0.02",
"to",
"$",
"0.03",
"cents",
"accretive",
"to",
"its",
"fiscal",
"year",
"2013",
"earnings",
"results",
".",
"Terms",
"of",
"the",
"deal",
"include",
"an",
"upfront",
"payment",
"of",
"approximately",
"CA",
"$",
"18 million",
"in",
"cash",
"plus",
"additional",
"cash",
"payments",
"based",
"on",
"NESA",
"'s",
"future",
"revenues",
"and",
"earnings",
"before",
"interest",
",",
"taxes",
",",
"depreciation",
"and",
"amortization",
"(",
"EBITDA",
")",
"performance",
"24",
"to",
"36",
"months",
"after",
"closing",
".",
"About",
"Liquidity",
"Services",
",",
"Inc",
".",
"Liquidity",
"Services",
",",
"Inc",
".",
"(",
"NASDAQ",
":",
"LQDT",
")",
"provides",
"leading",
"corporations",
",",
"public",
"sector",
"agencies",
"and",
"buying",
"customers",
"the",
"world",
"'",
"s",
"most",
"transparent",
",",
"innovative",
"and",
"effective",
"online",
"marketplaces",
"and",
"integrated",
"services",
"for",
"surplus",
"assets",
".",
"On",
"behalf",
"of",
"its",
"clients",
",",
"Liquidity",
"Services",
"has",
"completed",
"the",
"sale",
"of",
"over",
"$",
"3.0 billion",
"of",
"surplus",
",",
"returned",
"and",
"end",
"-",
"of",
"-",
"life",
"assets",
",",
"in",
"over",
"500",
"product",
"categories",
",",
"including",
"consumer",
"goods",
",",
"capital",
"assets",
"and",
"industrial",
"equipment",
".",
"The",
"company",
"is",
"based",
"in",
"Washington",
",",
"D",
".",
"C",
".",
"and",
"has",
"nearly",
"1,200",
"employees",
".",
"Additional",
"information",
"can",
"be",
"found",
"at",
":",
"http://www.liquidityservicesinc.com",
".",
"About",
"National",
"Electronics",
"Service",
"Association",
"NESA",
"'s",
"mission",
"is",
"to",
"provide",
"repair",
"and",
"warranty",
"services",
"for",
"electronic",
"products",
",",
"as",
"well",
"as",
"refurbishment",
"and",
"re",
"-",
"manufacturing",
"for",
"a",
"full",
"range",
"of",
"consumer",
"and",
"business",
"electronic",
"products",
".",
"Founded",
"in",
"1986",
"in",
"Toronto",
",",
"NESA",
"provides",
"comprehensive",
"reverse",
"and",
"forward",
"logistics",
"solutions",
",",
"procurement",
",",
"repair",
",",
"refurbishment",
"and",
"re",
"manufacturing",
"services",
"to",
"leading",
"electronics",
"manufacturers",
",",
"distributors",
"and",
"service",
"providers",
"in",
"Canada",
"through",
"a",
"distributed",
"national",
"service",
"network",
".",
"Located",
"in",
"Toronto",
",",
"Ontario",
",",
"NESA",
"and",
"its",
"team",
"of",
"nearly",
"130",
"employees",
"are",
"proud",
"of",
"their",
"26",
"-",
"year",
"history",
"of",
"service",
"excellence",
"serving",
"corporate",
"and",
"consumer",
"clients",
"across",
"Canada",
".",
"Additional",
"information",
"can",
"be",
"found",
"at",
":",
"www.nesacanada.com",
".",
"Forward",
"-",
"Looking",
"Statements",
"This",
"document",
"contains",
"forward",
"-",
"looking",
"statements",
"made",
"pursuant",
"to",
"the",
"Private",
"Securities",
"Litigation",
"Reform",
"Act",
"of",
"1995",
",",
"including",
",",
"without",
"limitation",
",",
"statements",
"regarding",
"the",
"potential",
"benefits",
",",
"impact",
"on",
"fiscal",
"2013",
"operating",
"results",
".",
"The",
"outcome",
"of",
"the",
"events",
"described",
"in",
"these",
"forward",
"-",
"looking",
"statements",
"is",
"subject",
"to",
"known",
"and",
"unknown",
"risks",
",",
"uncertainties",
"and",
"other",
"factors",
"that",
"may",
"cause",
"our",
"actual",
"results",
"to",
"differ",
"materially",
"from",
"any",
"future",
"results",
"expressed",
"or",
"implied",
"by",
"these",
"forward",
"-",
"looking",
"statements",
".",
"You",
"can",
"identify",
"forward",
"-",
"looking",
"statements",
"by",
"terminology",
"such",
"as",
"\"",
"expects",
"\"",
",",
"or",
"the",
"negative",
"of",
"these",
"terms",
"or",
"other",
"comparable",
"terminology",
".",
"We",
"can",
"not",
"guarantee",
"future",
"results",
",",
"levels",
"of",
"activity",
",",
"performance",
"or",
"achievements",
".",
"There",
"are",
"a",
"number",
"of",
"risks",
"and",
"uncertainties",
"that",
"could",
"cause",
"our",
"actual",
"results",
"to",
"differ",
"materially",
"from",
"the",
"forward",
"-",
"looking",
"statements",
"contained",
"in",
"this",
"document",
".",
"Important",
"factors",
"that",
"could",
"cause",
"our",
"actual",
"results",
"to",
"differ",
"materially",
"from",
"those",
"expressed",
"as",
"forward",
"-",
"looking",
"statements",
"are",
"set",
"forth",
"in",
"the",
"Company",
"'s",
"Annual",
"Report",
"on",
"Form",
"10",
"-",
"K",
"for",
"the",
"fiscal",
"year",
"ended",
"September",
"30",
",",
"2011",
",",
"including",
",",
"but",
"not",
"limited",
"to",
",",
"those",
"set",
"forth",
"in",
"Part",
"I",
",",
"Item",
"IA",
"(",
"Risk",
"Factors",
")",
".",
"There",
"may",
"be",
"other",
"factors",
"of",
"which",
"we",
"are",
"currently",
"unaware",
"that",
"may",
"cause",
"our",
"actual",
"results",
"to",
"differ",
"materially",
"from",
"the",
"forward",
"-",
"looking",
"statements",
".",
"All",
"forward",
"-",
"looking",
"statements",
"apply",
"only",
"as",
"of",
"the",
"date",
"of",
"this",
"document",
"and",
"are",
"expressly",
"qualified",
"in",
"their",
"entirety",
"by",
"the",
"cautionary",
"statements",
"included",
"in",
"this",
"document",
".",
"Except",
"as",
"may",
"be",
"required",
"by",
"law",
",",
"we",
"undertake",
"no",
"obligation",
"to",
"publicly",
"update",
"or",
"revise",
"any",
"forward",
"-",
"looking",
"statement",
"occurring",
"after",
"the",
"date",
"of",
"this",
"document",
".",
"Contact",
"Liquidity",
"Services",
",",
"Inc",
".",
"Julie",
"Davis",
",",
"202",
".",
"558",
".",
"6234",
"julie.davis@liquidityservicesinc.com"
] | [
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1011570-000110465918004003-a18-3775_1ex99d1 | EX-99.1
4
a18-3775_1ex99d1.htm
EX-99.1
Exhibit 99.1
Knoll Completes Acquisition of Muuto, Fast-Growing Affordable Luxury Brand, Perfect Complement to Knoll's Timeless Design Portfolio
EAST GREENVILLE, Pa., January 25, 2018 - Knoll, Inc. (NYSE:KNL) today announced that it has completed the previously announced acquisition of Muuto, the Copenhagen-based designer and provider of affordable luxury furniture, lighting and accessories for the workplace and home, from its founders and Danish-based private equity firm Maj Invest Equity.
The acquisition further advances the Knoll strategy of building its global capability as a go-to resource for workplaces and homes, including the commercial contract, decorator to-the-trade and consumer markets.
Andrew Cogan, Knoll President and CEO, reiterated, "Muuto is a "resimercial" design-driven, creative Scandinavian brand representing global style for the workplace and home.
Muuto products pair seamlessly with the range of modern Knoll designs, offering an expanded breadth and depth of affordable luxury products that reflect today's evolving workstyles and trends in residential design, with particular appeal to a younger generation of architects, designers and clients and those seeking a homier, more relaxed aesthetic".
Founded in 2006 by Peter Bonnén and Kristian Byrge, Muuto, which means "new perspective" in Finnish, has grown into a global brand providing affordable luxury workplace and residential furniture, lighting and accessories. Muuto works with leading contemporary designers to offer a new vision of Scandinavian design.
About Knoll
Knoll, Inc. is a constellation of design-driven brands and people, working together with our clients to create inspired modern interiors. Our internationally recognized portfolio includes furniture, textiles, leathers, accessories, and architectural and acoustical elements brands. These brands - Knoll Office, KnollStudio, KnollTextiles, KnollExtra, Spinneybeck | FilzFelt, Edelman Leather, HOLLY HUNT, DatesWeiser and Muuto - reflect our commitment to modern design that meets the diverse requirements of high performance workplaces and luxury interiors. A recipient of the National Design Award for Corporate and Institutional Achievement from the Smithsonian's Cooper-Hewitt, National Design Museum, Knoll, Inc. is aligned with the U.S. Green Building Council and the Canadian Green Building Council and can help organizations achieve the Leadership in Energy and Environmental Design (LEED) workplace certification. Knoll, Inc. is the founding sponsor of the World Monuments Fund Modernism at Risk program.
Investors:
Charles Rayfield
Senior Vice President and Chief Financial Officer
Tel 215 679-1703
crayfield@knoll.com
Media:
David E. Bright
Senior Vice President, Communications
Tel 212 343-4135
dbright@knoll.com
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29669-000156459020050491-rrd-ex992_33 | EX-99.2
3
rrd-ex992_33.htm
EX-99.2
rrd-ex992_33.htm
Exhibit 99.2
RRD Completes Sale of International Mail and Parcel Logistics Business
11/03/2020
CHICAGO--(BUSINESS WIRE)--R.R. Donnelley & Sons Company (NYSE: RRD) ("RRD" or the "Company"), a leading global provider of marketing and business communications, today announced that it has closed on the previously announced sale of its International Mail and Parcel Logistics ("International Logistics") business to ePost Global LLC.
Dan Knotts, RRD's President and Chief Executive Officer, stated, "This sale completes the final step of our previously announced plan to exit our Logistics platform." Knotts continued, "I want to thank the International Logistics employees for their support of RRD and wish them well as they join ePost Global LLC".
About RRD
RRD is a leading global provider of multichannel business communications services and marketing solutions. With more than 35,000 employees across 29 countries, RRD offers the industry's most comprehensive offering of solutions designed to help companies-from Main Street to Wall Street-optimize customer engagement and streamline business operations across the complete customer journey. RRD offers a comprehensive portfolio of capabilities, experience and scale that enables organizations around the world to create, manage, deliver, and optimize their marketing and business communications strategies.
For more information, visit the Company's web site at
www.rrd.com
.
Use of Forward-Looking Statements
This news release may contain "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements and any such forward-looking statements are qualified in their entirety by reference to the following cautionary statements. All forward-looking statements speak only as of the date of this news release and are based on current expectations and involve a number of assumptions, risks, and uncertainties that could cause the actual results to differ materially from such forward-looking statements. Readers are strongly encouraged to read the full cautionary statements contained in RRD's filings with the SEC. RRD disclaims any obligation to update or revise any forward-looking statements.
Exhibit 99.2
# # #
Investor Contact:
Johan Nystedt, Senior Vice President, Finance
Telephone: 630-322-7111
E-mail: investor.info@rrd.com
Source: RRD
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1137411-000110465917023318-a17-11294_1ex99d1 | EX-99.1
3
a17-11294_1ex99d1.htm
EX-99.1
Exhibit 99.1
News Release
Rockwell Collins completes acquisition of B/E Aerospace
·
Strengthens Rockwell Collins' position as a leading provider of cockpit and cabin interior solutions
·
Diversifies product offerings for aerospace and defense, broadens core business and accelerates growth strategy
CEDAR RAPIDS, Iowa (April 13, 2017) -
Rockwell Collins, Inc. (NYSE: COL) today announced it has successfully completed the acquisition of B/E Aerospace, a leading manufacturer of aircraft cabin interior products and services, for $8.6 billion in total consideration, including net debt assumed. Rockwell Collins now has nearly 30,000 employees and pro forma annual revenue in excess of $8 billion based on calendar year 2016 results.
Effective immediately, B/E Aerospace is rebranded Rockwell Collins. Werner Lieberherr, former B/E Aerospace president and chief executive officer, now becomes executive vice president and chief operating officer of Rockwell Collins' newly created Interior Systems business. He reports to Kelly Ortberg, chairman, president and chief executive officer of Rockwell Collins.
With the acquisition, Rockwell Collins expands its portfolio with a wide range of cabin interior products for commercial aircraft and business jets including seating, food and beverage preparation and storage equipment, lighting and oxygen systems, and modular galley and lavatory systems. This advances the company's global growth strategy by expanding its previous focus on cockpit, cabin management, communication and connectivity solutions, and diversifies its product portfolio and customer mix.
"Today marks a major step in advancing our vision of being the most trusted source of aviation and high-integrity solutions in the world", said Ortberg. "The industry-leading products and solutions being brought together by this acquisition give us a much broader offering, increasing value for our customers and ultimately driving long-term, profitable growth and shareowner value".
"The many common values we share-from innovation and uncompromising quality and performance to outstanding customer relationships-position us well for a successful integration and make us stronger as we move forward together", added Lieberherr. "Joining the Rockwell Collins family and its forward-thinking approach to the market sets us on an exciting path that will greatly benefit our customers, employees and shareowners".
Significant cost synergies and additional benefits
The transaction is expected to generate run-rate pre-tax cost synergies of approximately $160 million ($125 million after tax). The company expects to achieve 90 percent of the cost synergies by the end of its fiscal year 2019. The transaction is expected to be double-digit accretive to GAAP earnings per share in fiscal year 2018.
2017 fiscal guidance
Rockwell Collins will issue its updated 2017 fiscal guidance during its second quarter earnings call on April 21.
About Rockwell Collins
Rockwell Collins (NYSE: COL) is a leader in aviation and high-integrity solutions for commercial and military customers around the world. Every day we help pilots safely and reliably navigate to the far corners of the earth; keep warfighters aware and informed in battle; deliver millions of messages for airlines and airports; and help passengers stay connected and comfortable throughout their journey. As experts in flight deck avionics, cabin electronics, cabin interiors, information management, mission communications, and simulation and training, we offer a comprehensive portfolio of products and services that can transform our customers' futures. To find out more, please visit www.rockwellcollins.com.
Safe Harbor Statement
This press release contains statements, including statements regarding certain projections, business trends, and the proposed acquisition of B/E Aerospace that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to the financial condition of our customers and suppliers, including bankruptcies; the health of the global economy, including potential deterioration in economic and financial market conditions; adjustments to the commercial OEM production rates and the aftermarket; the impacts of natural disasters and pandemics, including operational disruption, potential supply shortages and other economic impacts; cybersecurity threats, including the potential misappropriation of assets or sensitive information, corruption of data or operational disruption; delays related to the award of domestic and international contracts; delays in customer programs, including new aircraft programs entering service later than anticipated; the continued support for military transformation and modernization programs; potential impact of volatility in oil prices, currency exchange rates or interest rates on the commercial aerospace industry or our business; the impact of terrorist events on the commercial aerospace industry; changes in domestic and foreign government spending, budgetary, procurement and trade policies adverse to our businesses; market acceptance of our new and existing technologies, products and services; reliability of and customer satisfaction with our products and services; potential unavailability of our mission-critical data and voice communication networks; unfavorable outcomes on or potential cancellation or restructuring of contracts, orders or program priorities by our customers; recruitment and retention of qualified personnel; regulatory restrictions on air travel due to environmental concerns; effective negotiation of collective bargaining agreements by us, our customers, and our suppliers; performance of our customers and subcontractors; risks inherent in development and fixed-price contracts, particularly the risk of cost overruns; risk of significant reduction to air travel or aircraft capacity beyond our forecasts; our ability to execute to internal performance plans such as restructuring activities, productivity and quality improvements and cost reduction initiatives; achievement of ARINC integration and synergy plans as well as our other acquisition and related integration plans; continuing to maintain our planned effective tax rates; our ability to develop contract compliant systems and products on schedule and within anticipated cost estimates; risk of fines and penalties related to noncompliance with laws and regulations including compliance requirements associated with U.S. Government work, export control and environmental regulations; risk of asset impairments; our ability to win new business and convert those orders to sales within the fiscal year in accordance with our annual operating plan; the uncertainties of the outcome of lawsuits, claims and legal proceedings; risk of unexpected costs, charges or expenses resulting from the proposed acquisition of B/E Aerospace; uncertainty of the expected financial performance of the combined company following completion of the proposed acquisition of B/E Aerospace; failure to realize the anticipated benefits of the proposed acquisition of B/E Aerospace, including as a result of delay in integrating the businesses of Rockwell Collins and B/E Aerospace; risk to the ability of the combined company to implement its business strategy; risk that stockholder litigation in connection with the proposed transaction may result in significant costs of defense, indemnification and liability as well as other risks and uncertainties, including but not limited to those detailed herein and from time to time in our Securities and Exchange Commission filings. These forward-looking statements are made only as of the date hereof and the company assumes no obligation to update any forward-looking statement.
###
Media Contacts:
Pam Tvrdy
+1.319.431.0951 mobile
+1.319.295.0591 office
pam.tvrdy@rockwellcollins.com
Josh Baynes
+1.319.491.5796 mobile
+1.319.263.9132 office
josh.baynes@rockwellcollins.com
Follow us on Twitter: @RockwellCollins
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] |
1144519-000094787110000660-ss92981_ex9901 | EX-99.1
2
ss92981_ex9901.htm
PRESS RELEASE
Exhibit 99.1
Bunge Limited Completes Sale of
Brazilian Fertilizer Nutrients Assets to Vale
White Plains, NY - May 27, 2010
- Bunge Limited (Bunge) (NYSE: BG) today announced that it has successfully completed the previously announced sale of its Brazilian fertilizer nutrients assets in Brazil to Vale S.A. (Vale) (NYSE: VALE), including its 42.3% interest in Fertilizantes Fosfatados S.A. (Fosfertil). Net proceeds after taxes, transaction fees and expenses are approximately $3.5 billion, subject to certain post-closing adjustments.
Alberto Weisser, Bunge's Chairman and Chief Executive Officer stated, "We're pleased to have successfully concluded the sale of our Brazilian nutrients assets, allowing us to realize the significant value we built in this business over the years. Proceeds from the transaction provide us with the financial flexibility to redeploy capital for growth and improve our financial profile. In the near term, we'll use approximately $1.5 billion to pay down a portion of our debt and will continue to focus on other opportunities to enhance shareholder value".
About Bunge Limited
Bunge Limited (
www.bunge.com
, NYSE: BG) is a leading global agribusiness and food company with approximately 32,000 employees in more than 30 countries. Bunge buys, sells, stores and transports oilseeds and grains to serve customers worldwide; processes oilseeds to make protein meal for animal feed and edible oil products for commercial customers and consumers; produces sugar and ethanol from sugarcane; mills wheat and corn to make ingredients used by food companies; and sells fertilizer in North and South America. Founded in 1818, the company is headquartered in White Plains, New York.
Cautionary Statement Concerning Forward-Looking Statements
This press release contains both historical and forward-looking statements. All statements, other than statements of historical fact are, or may be deemed to be, 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, including any statements related to the intended use of proceeds from the sale of our fertilizer nutrients assets. These forward-looking statements are not based on historical facts, but rather reflect our current expectations and projections about our future results, performance, prospects and opportunities. We have tried to identify these forward-looking statements by using words including "may", "will", "should", "could", "expect", "anticipate", "believe", "plan", "intend", "estimate", "continue" and similar expressions. These forward-looking statements are subject to a number of risks, uncertainties and other factors that could cause our actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. The following important factors, among others, could affect our business and financial performance: industry conditions, including fluctuations in supply, demand and prices for agricultural commodities and other raw materials and products used in our business, fluctuations in energy and freight costs and
competitive developments in our industries; the effects of weather conditions and the outbreak of crop and animal disease on our business; global and regional agricultural, economic, financial and commodities market, political, social and health conditions; the outcome of pending regulatory and legal proceedings; our ability to complete, integrate and benefit from acquisitions, including the transaction discussed herein, dispositions, joint ventures and strategic alliances; changes in government policies, laws and regulations affecting our business, including agricultural and trade policies, tax regulations and biofuels legislation; and other factors affecting our business generally. The forward-looking statements included in this release are made only as of the date of this release, and except as otherwise required by federal securities law, we do not have any obligation to publicly update or revise any forward-looking statements to reflect subsequent events or circumstances.
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93676-000139843211000946-ex99-1 | EX-99.1
3
ex99-1.htm
PRESS RELEASE
ex99-1.htm
EXHIBIT 99.1
NEWS RELEASE
For Release:
IMMEDIATELY
The L. S. Starrett Company acquires Bytewise, a non-contact, profile
measurement systems manufacturer to extend its reach in the Test
and Measurement Market
Bytewise offers laser-based, non-contact, dimensional measurement systems and software that are employed on the factory floor for quality monitoring, process control and inspection.
ATHOL, MASSACHUSETTS U.S.A. (November 23, 2011) -
The L.S. Starrett Company announced today the acquisition of Bytewise Development Corp. located in Columbus, Georgia USA, a leading manufacturer of metrology products.
Bytewise designs, develops and manufactures non-contact, industrial measurement systems and software that capture the external geometric profile of a product and analyze that data to meet measurement and/or quality control requirements.
"We are excited about the acquisition of Bytewise which expands our strategic focus to provide engineered solutions for industry and will be accretive to our business. The industry leading laser technology from Bytewise is consistent with our reputation for providing the finest in precision measuring instruments that meet the industry's most stringent standards while expanding our reach in new markets. Nine of the top ten tire manufacturers and four of the top six non-tire rubber companies are Bytewise customers and have systems currently in operation in 24 countries around the globe. We are confident that this technology can be leveraged across select segments of the Starrett product portfolio to benefit many
current and future customers", said Douglas A. Starrett, President and CEO of The L.S. Starrett Company.
Russell D. Carreker, Chief Executive Officer of Bytewise Development Corp, commented, "Today is a great day for Bytewise, its employees and its customers. Joining forces with The L.S. Starrett Company is going to position us to maximize the talent our team members bring to work every day and to take advantage of the opportunities that exist in the markets that we serve. Additionally, we believe that being a part of Starrett will quickly open many new markets to our innovative and industry-leading products. Most importantly, we feel very fortunate to become a part of the L.S. Starrett family. We are confident that the similarities that exist in our core beliefs that relate
to how we want to take care of our customers and our team members will allow us to work together very well and enjoy great success over the coming years".
Bytewise will continue to operate under its brand name as a wholly owned subsidiary of The L.S. Starrett Company. Bytewise was advised on the transaction by Arlington Capital Advisors.
About The L.S. Starrett Company
Founded in 1880, The L.S. Starrett Company manufactures and markets precision measurement tools, metrology equipment, granite-based engineered solutions, band saw blades, power tool accessories, jobsite and shop tools. Long known as "the world's greatest toolmaker", Starrett continues to set the standard of excellence through practical innovation, exceptional quality and unmatched precision.
Contact: Francis J. O'Brien, Treasurer and Chief Financial Officer, Tel. (978) 249-3551 Ext. 311
######
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