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1506492-000110465916137720-a16-16318_1ex99d1
EX-99.1 6 a16-16318_1ex99d1.htm EX-99.1 Exhibit 99.1 Sunshine Heart Announces Strategic Acquisition of Aquadex Product Line from Baxter and a new credit facility with Silicon Valley Bank Eden Prairie, MN: August 8, 2016: (GLOBE NEWSWIRE) Sunshine Heart, Inc. (NASDAQ: SSH) announced it has acquired the Aquadex product line from an indirect subsidiary of Baxter International Inc. (NYSE: BAX), a global leader in the hospital products and dialysis markets. The Aquadex system is indicated for temporary (up to eight hours) ultrafiltration treatment of patients with fluid overload who have failed diuretic therapy, and extended (longer than 8 hours) ultrafiltration treatment of patients with fluid overload who have failed diuretic therapy and require hospitalization. "Aquadex is an important strategic investment, which allows Sunshine Heart to strengthen our presence in the heart failure market", said John Erb, Sunshine's Chairman and CEO. "We believe Aquadex is a valuable and highly complementary technology to our expanding heart failure product portfolio. There is a real need for fluid management in patients both before and following any kind of heart failure procedure. Aquadex is used to treat fluid overload in congestive heart failure patients and can help reduce the length of stay while in the hospital and the number of hospital visits in total". Under the terms of the agreement, Baxter received $4.0 million in cash and 1.0 million shares of Sunshine Heart common stock. "This is a financially attractive transaction as well", said Mr. Erb. "We expect this product line to be accretive in the first year with a relatively quick payback period. We plan to strategically leverage our current team of clinical specialists to directly support the existing base of Aquadex customers". In connection with the acquisition of this product line, the Company repaid all amounts outstanding under its existing debt facility with Silicon Valley Bank and entered into a new $5.0 million facility to finance future working capital needs. Advances under the facility are subject to various conditions precedent, including compliance with financial covenants, which the Company does not currently meet. "This strategic acquisition will allow Sunshine Heart to further drive important advancements to heart failure treatment", said Ben Johnson, Managing Director of Silicon Valley Bank. "We're excited to provide the financing to support the company as it matures to the next phase of development". Rx Only. All treatments must be administered by a healthcare provider, under physician prescription, both of whom having received training in extracorporeal therapies About Sunshine Heart Sunshine Heart, Inc. (Nasdaq: SSH) is an early-stage medical device company focused on developing a product portfolio to treat moderate to severe heart failure and related conditions. Our objective is to improve the quality of life for heart failure patients and halt the disease progression. Sunshine Heart is a Delaware corporation headquartered in Minneapolis with wholly owned subsidiaries in Australia and Ireland. The Company has been listed on the NASDAQ Capital Market since February 2012. About Silicon Valley Bank For more than 30 years, Silicon Valley Bank (SVB) has helped innovative companies and their investors move bold ideas forward, fast. SVB provides targeted financial services and expertise through its offices in innovation centers around the world. With commercial, international and private banking services, SVB helps address the unique needs of innovators. Learn more at svb.com. Forward-Looking Statements Certain statements in this release are forward-looking statements that are based on management's beliefs, assumptions, expectations, and information currently available to management. All statements that address future operating performance, events or developments that we expect or anticipate will occur in the future are forward-looking statements, including without limitation, clinical and pre-clinical study designs and activities, expected timing for initiation, enrollment and completion of clinical trials, research and development activities, ultimate clinical outcomes and benefits of our products to patients, design and development of future studies, site activations, patient enrollment in studies, timing of regulatory filings and approvals, regulatory acceptance of our filings, our expectations with respect to product development and commercialization efforts, market and physician acceptance of our products, intellectual property protection, our ability to integrate acquired businesses, our expectations regarding anticipated synergies with and benefits from acquired businesses, and potentially competitive product offerings. The risk factors described in our filings with the SEC could cause actual events to adversely differ from the expectations indicated in these forward-looking statements. Management believes that these forward-looking statements are reasonable as and when made. However, you should not place undue reliance on forward-looking statements because they speak only as of the date when made. Sunshine Heart does not assume any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Sunshine Heart may not actually achieve the plans, projections or expectations disclosed in forward-looking statements, and actual results, developments or events could differ materially from those disclosed in the forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, including without limitation, the possibility that regulatory authorities do not accept our application or approve the marketing of our therapy, the possibility we may be unable to raise the funds necessary for the development and commercialization of our therapy and other risks and uncertainties described in our filings with the SEC. We do not assume any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. For further information, please contact: Claudia Napal Drayton Investor Relations Chief Financial Officer Sunshine Heart Inc. Sunshine Heart, Inc. ir@sunshineheart.com T: +1-952-345-4205
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1103090-000101041207000006-press
EX-99 3 press.txt Reflect Scientific, Inc. Announces It Has Completed The Acquisition Of All Temp Engineering Orem, Utah (BUSINESS WIRE) Tuesday, January 23, 2007 Reflect Scientific, Inc. (OTC: BB RSCF), an industry leader whose business is the manufacture, supply and distribution of Scientific equipment and related supplies to the Life Sciences industry announces the Company has completed the closing of the merger agreement with All Temp Engineering, a California corporation. All Temp Engineering will be integrated into Cryometrix Inc. and both businesses will operate from a new facility located in San Jose, California. Technology, marketing and other resource sharing will enable All Temp and the Cryometrix Products group to take advantage of synergistic and growing market opportunities while improving the overall efficiency of their operations. "The outlook for both businesses is excellent and this merger has strengthened our foundation to facilitate and support their future growth" remarked Mr. John Hammerman, General Manager, Cryometrix Inc. About All Temp Engineering: All Temp Engineering is located in San Jose, California and has been providing engineered solutions and services to the cryogenics and controlled environments industry for over 23 years. All Temp serves over 1,450 companies in business sectors such as Biotech, Pharmaceutical, Medical Device, Research, Universities, Semiconductor, Aerospace, Military and Industrial Food Processing. About Reflect Scientific: Reflect Scientific provides Scientific products for the biotechnology, pharmaceutical and medical industries and has had consistent year-over-year growth for more than 13 years. Reflect Scientific targets strategic acquisitions that will increase revenue and profits in their primary markets and that will fulfill Reflect's strategic imperative of significant, sustained revenue growth through innovative market need-based products. Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. For information related to the Reflect Scientific, contact Investor Relations: Michael Dancy, 801-746-3570, email: medancy@allwest.net, or visit: www.reflectscientific.com.
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713002-000119312505216921-dex991
EX-99.1 3 dex991.htm PRESS RELEASE OF FLOW INTERNATIONAL CORPORATION Press Release of Flow International Corporation Exhibit 99.1 Contact: John Leness General Counsel 253-850-3500 FLOW INTERNATIONAL COMPLETES AVURE TECHNOLOGIES SALE KENT, Wash., November 1, 2005 - Flow International Corporation (the "Company"), the world's leading supplier of ultrahigh-pressure waterjet products, today announced that it has completed the divestiture of its General Press operations, which consist of the North America Press and the International Press segments, as well as the non-ultrahigh-pressure portion of its food business, which is included in Avure's Fresher Under Pressure ® food segment. The businesses have been acquired by an affiliate of Gores Technology Group, LLC, a Los Angeles-based private equity firm. As part of the previously announced agreement, FLOW entered into a supply agreement with the Gores affiliate to build on Avure's leading position in the design and manufacture of advanced high-pressure presses for the food industry. "This divestiture allows us to focus our resources more tightly on our core waterjet business", said Stephen R. Light, FLOW's President and Chief Executive Officer. "At the same time, we look forward to working with Gores to advance their high-pressure food processing business by producing market leading ultrahigh-pressure water pumps and aftermarket products for their equipment". Specifically, the Gores affiliate has acquired Avure Technologies Incorporated, Avure Technologies AB, Flow International FPS AB, and assets of Flow Holding Sagl, which were all wholly owned subsidiaries of Flow International Corporation. Also included in the transaction is FLOW's 51% interest in a joint venture with Snap-Tite, called Flow Autoclave Systems. Avure is the market leader in the development of wire wound, high-pressure industrial presses. Avure has been providing industrial presses under the brand name Quintus Industrial Presses for more than 30 years and has delivered more than 1,500 systems worldwide to customers including Ford and Boeing. Avure Technologies specializes in the manufacturing of high-pressure presses for the food industry. About Flow International Flow International Corporation is the world's leading developer and manufacturer of ultrahigh-pressure waterjet cutting technology to industries including automotive, aerospace, job shop, surface preparation, and more. For more information, visit www.flowcorp.com. About Gores Technology Group, LLC Founded in 1987, Gores is a private equity firm focused on special situations across industries with particular expertise in the technology, telecommunications, and business services sectors. The firm combines the seasoned M&A team of a traditional financial buyer with the operational expertise and detailed due diligence capabilities of a strategic buyer. Gores has a long standing record of creating sustainable value in its portfolio companies by focusing on customers and employees, supporting management with operational expertise and providing the capital required for growth. Headquartered in Los Angeles, California, Gores maintains offices in Boulder, Colorado; New York; Zurich; and London. www.gores.com. This press release contains forward-looking statements relating to future events or future financial performance that involve risks and uncertainties. The words "believe", "expect", "intend", "anticipate", variations of such words and similar expressions identify forward-looking statements but their absence does not mean that the statement is not forward-looking. These statements are only predictions and actual results could differ materially from those anticipated in these statements based on a number of risk factors, including those set forth in the April, 30, 2005 Flow International Corporation Annual Report on Form 10-K filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this amendment.
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",", "which", "is", "included", "in", "Avure", "'s", "Fresher", "Under", "Pressure", "®", "food", "segment", ".", "The", "businesses", "have", "been", "acquired", "by", "an", "affiliate", "of", "Gores", "Technology", "Group", ",", "LLC", ",", "a", "Los", "Angeles", "-", "based", "private", "equity", "firm", ".", "As", "part", "of", "the", "previously", "announced", "agreement", ",", "FLOW", "entered", "into", "a", "supply", "agreement", "with", "the", "Gores", "affiliate", "to", "build", "on", "Avure", "'s", "leading", "position", "in", "the", "design", "and", "manufacture", "of", "advanced", "high", "-", "pressure", "presses", "for", "the", "food", "industry", ".", "\"", "This", "divestiture", "allows", "us", "to", "focus", "our", "resources", "more", "tightly", "on", "our", "core", "waterjet", "business", "\"", ",", "said", "Stephen", "R", ".", "Light", ",", "FLOW", "'s", "President", "and", "Chief", "Executive", "Officer", ".", "\"", "At", "the", "same", "time", ",", "we", "look", "forward", "to", "working", "with", "Gores", "to", "advance", "their", "high", "-", "pressure", "food", "processing", "business", "by", "producing", "market", "leading", "ultrahigh", "-", "pressure", "water", "pumps", "and", "aftermarket", "products", "for", "their", "equipment", "\"", ".", "Specifically", ",", "the", "Gores", "affiliate", "has", "acquired", "Avure", "Technologies", "Incorporated", ",", "Avure", "Technologies", "AB", ",", "Flow", "International", "FPS", "AB", ",", "and", "assets", "of", "Flow", "Holding", "Sagl", ",", "which", "were", "all", "wholly", "owned", "subsidiaries", "of", "Flow", "International", "Corporation", ".", "Also", "included", "in", "the", "transaction", "is", "FLOW", "'s", "51", "%", "interest", "in", "a", "joint", "venture", "with", "Snap", "-", "Tite", ",", "called", "Flow", "Autoclave", "Systems", ".", "Avure", "is", "the", "market", "leader", "in", "the", "development", "of", "wire", "wound", ",", "high", "-", "pressure", "industrial", "presses", ".", "Avure", "has", "been", "providing", "industrial", "presses", "under", "the", "brand", "name", "Quintus", "Industrial", "Presses", "for", "more", "than", "30", "years", "and", "has", "delivered", "more", "than", "1,500", "systems", "worldwide", "to", "customers", "including", "Ford", "and", "Boeing", ".", "Avure", "Technologies", "specializes", "in", "the", "manufacturing", "of", "high", "-", "pressure", "presses", "for", "the", "food", "industry", ".", "About", "Flow", "International", "Flow", "International", "Corporation", "is", "the", "world", "'s", "leading", "developer", "and", "manufacturer", "of", "ultrahigh", "-", "pressure", "waterjet", "cutting", "technology", "to", "industries", "including", "automotive", ",", "aerospace", ",", "job", "shop", ",", "surface", "preparation", ",", "and", "more", ".", "For", "more", "information", ",", "visit", "www.flowcorp.com", ".", "About", "Gores", "Technology", "Group", ",", "LLC", "Founded", "in", "1987", ",", "Gores", 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1819989-000119312521260900-d212090dex991
EX-99.1 13 d212090dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Good Works Acquisition Corp. and Cipher Mining Announce Closing of Business Combination; Cipher Mining to Trade on Nasdaq Under Ticker Symbols "CIFR" and "CIFRW" New York, NY, August 27, 2021: (GlobeNewswire) - Cipher Mining Technologies Inc. , a U.S.-based Bitcoin mining company, today announced that it completed its business combination with Good Works Acquisition Corp. ("Good Works") (NASDAQ: GWAC), a U.S. publicly-traded special purpose acquisition company. Good Works shareholders approved the business combination at a special meeting held on August 25, 2021. Following the merger, the combined company is named Cipher Mining Inc. ("Cipher Mining"). Beginning on Monday, August 30, 2021, Cipher Mining's ordinary shares and warrants will trade on Nasdaq under the ticker symbols "CIFR" and "CIFRW", respectively. Cipher Mining's experienced management team will be led by Chief Executive Officer Tyler Page. The Board of Directors of Cipher Mining (the "Board") is composed of James "Jim" Newsome (Chair), Cary Grossman, Caitlin Long, Wesley "Bo" Williams, Holly Morrow Evans, Robert Dykes and Tyler Page. Cipher Mining believes that the Board's diverse backgrounds and expertise across relevant industries will position it to execute on its strategies. Private Placement ("PIPE") and Closing Conditions The business combination and associated PIPE investment enabled Cipher Mining to raise a total of approximately $391 million (after transaction expenses). After accounting for redemptions by Good Works' public shareholders and transaction expenses in connection with the consummation of the business combination, the Minimum Cash Condition of $400 million in the agreement and plan of merger was not satisfied and Cipher Mining agreed to waive such condition. Advisors J.P. Morgan Securities LLC served as exclusive advisor and lead placement agent to Good Works, and Wells Fargo Securities, LLC served as lead financial advisor to Cipher Mining. Wells Fargo Securities, LLC and J.V.B. Financial Group, LLC also served as co-placement agents on the PIPE. Schiff Hardin LLP acted as legal counsel to Good Works. Latham & Watkins LLP acted as legal counsel to Cipher Mining. Mayer Brown LLP acted as legal counsel to the placement agents. About Cipher Mining Cipher Mining is an industrial-scale Bitcoin mining company dedicated to expanding and strengthening the Bitcoin network's critical infrastructure. Its goal is to be the leading Bitcoin mining company in the United States. Cipher Mining aims to leverage best-in-class technology, market-leading power purchase arrangements, and a seasoned, dedicated senior management team to become the market leader in Bitcoin mining. About Good Works Good Works is a blank check company organized for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. The Good Works name reflects the fact that its management and directors donated half of their founder shares to charitable organizations in light of the impact that COVID-19 has had on the ability of non-profits to generate contributions and revenues. Good Works' management team consists of Messrs. Fred Zeidman, CEO and Co-Chairman, Douglas Wurth, Co-Chairman, and Cary Grossman, President. I-B Good Works, LLC, an affiliate of I-Bankers Securities is the sponsor of Good Works. Forward Looking Statements This document contains certain forward-looking statements within the meaning of the federal securities laws with respect to the proposed business combination between Good Works and Cipher Mining, the services offered by Cipher Mining and the markets in which Cipher Mining operates, business strategies, debt levels, industry environment, potential growth opportunities, the effects of regulations and Cipher Mining's projected future results. These forward-looking statements generally are identified by the words "believe", "project", "expect", "anticipate", "estimate", "intend," "strategy", "future", "forecast", "opportunity", "plan", "may", "should", "will", "would", "will be", "will continue", "will likely result", and similar expressions (including the negative versions of such words or expressions). These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Cipher Mining and its management, are inherently uncertain. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such forward looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including but not limited to: volatility in the price of Cipher Mining's securities due to a variety of factors, including changes in the competitive and regulated industry in which Cipher Mining plans to operate, variations in performance across competitors, changes in laws and regulations affecting Cipher Mining's business and changes in the combined capital structure, and the ability to implement business plans, forecasts, and other expectations and to identify and realize additional opportunities. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in Good Works final proxy statement/information statement/prospectus contained in the Form S-4 registration statement described below, including those under "Risk Factors" therein, Quarterly Reports on Form 10-Q and other documents filed by Good Works from time to time with the U.S. Securities and Exchange Commission (the "SEC"). These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Good Works and Cipher Mining assume no obligation and, except as required by law, do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither Good Works nor Cipher Mining gives any assurance that either Good Works or Cipher Mining will achieve its expectations. Contacts: Investor Contact: Mark Roberts Blueshirt Capital Advisors investors@ciphermining.com Media Contact: Ryan Dicovitsky / Kendal Till Dukas Linden Public Relations 908-907-7703 CipherMining@DLPR.com
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103096-000110465917040619-a17-15462_1ex99d1
EX-99.1 4 a17-15462_1ex99d1.htm EX-99.1 Exhibit 99.1 Company Contact: Investor Contact: New Mountain Contact: Nicole Collins Sharon Merrill Associates Dana Gorman (978) 656-3594 (617) 542-5300 Abernathy MacGregor NCollins@trcsolutions.com trr@investorrelations.com (212) 371-5999 dtg@abmac.com TRC Completes Merger With Affiliates of New Mountain Capital LOWELL, Mass., June 21, 2017 - TRC Companies, Inc. (NYSE: TRR) ("TRC"), a recognized leader in engineering, environmental consulting and construction-management services, today announced it has completed the previously announced merger with affiliates of New Mountain Partners IV, L.P. ("NMC"), an investment fund managed by New Mountain Capital, L.L.C. As a result of the transaction, NMC acquired TRC for $17.55 per share in cash. TRC shares will be delisted from the NYSE and will no longer be publicly traded. "The completion of this transaction marks the beginning of a new chapter for TRC and is an important step in executing on our long-term growth strategy", said TRC Chairman and Chief Executive Officer Chris Vincze. "There is an immense need for creative thinking to help solve some of the world's toughest infrastructure and energy challenges and, with NMC's partnership, TRC is well-positioned to do just that. NMC's financial strength and strategic relationships will help us strengthen our commitment to our clients, increase professional opportunities for our staff and accelerate our culture of innovation-all with the intent of building a more valuable company". Houlihan Lokey Capital, Inc. acted as financial advisor to TRC and Covington & Burling LLP acted as legal advisor to TRC. Barclays Capital Inc. and UBS Securities LLC acted as M&A advisors to NMC and Kirkland & Ellis LLP acted as legal advisor to NMC. NMC also received M&A and industry advice from EFCG (Environmental Financial Consulting Group). About TRC A pioneer in groundbreaking scientific and engineering developments since the 1960s, TRC (www.TRCsolutions.com) is a national engineering, environmental consulting and construction management firm that provides integrated services to the power, environmental, infrastructure and oil and gas markets. TRC serves a broad range of commercial, industrial and government clients, implementing complex projects from initial concept to delivery and operation. TRC delivers results that enable clients to achieve success in a complex and changing world. Follow us on Twitter at @TRC_Companies and on LinkedIn. About New Mountain Capital New Mountain Capital is a New York-based investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. The firm currently manages private equity, public equity and credit funds with approximately $15 billion in aggregate capital commitments. New Mountain Capital seeks out what it believes to be the highest-quality growth leaders in carefully selected industry sectors and then works intensively with management to build the value of these companies. For more information on New Mountain Capital, please visit www.newmountaincapital.com. Forward-Looking Statements Certain statements in this press release may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 with respect to the business combination among certain affiliates of NMC and TRC, including statements regarding the benefits of the transaction. Readers can generally identify these statements by forward-looking words such as "will", "may", "expects", "plans", "anticipates", "believes", "estimates", or other words of similar import. Readers should consider statements that contain these words carefully because they discuss TRC's future expectations or state other "forward-looking" information. There may be events in the future that TRC is not able to accurately predict or control and that may cause its actual results to differ materially from the expectations described in its forward-looking statements. Readers are cautioned that all forward-looking statements involve risks and uncertainties, and actual results may differ materially from those discussed as a result of various factors, including, but not limited to, (i) the effect of the transaction on TRC's business relationships, operating results, and business generally, (ii) risks that the transaction disrupt current plans and operations of TRC and potential difficulties in TRC's employee retention as a result of the transaction, and (iii) the ability of NMC to implement its plans, forecasts, and other expectations with respect to TRC's business and realize additional opportunities for growth and innovation. In addition, please refer to TRC's reports filed with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 30, 2016 and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. These filings identify and address other important risks and uncertainties that could cause events and results to differ materially from those contained in the forward-looking statements set forth in this communication. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and TRC assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
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"also", "received", "M", "&", "A", "and", "industry", "advice", "from", "EFCG", "(", "Environmental", "Financial", "Consulting", "Group", ")", ".", "About", "TRC", "A", "pioneer", "in", "groundbreaking", "scientific", "and", "engineering", "developments", "since", "the", "1960s", ",", "TRC", "(", "www.TRCsolutions.com", ")", "is", "a", "national", "engineering", ",", "environmental", "consulting", "and", "construction", "management", "firm", "that", "provides", "integrated", "services", "to", "the", "power", ",", "environmental", ",", "infrastructure", "and", "oil", "and", "gas", "markets", ".", "TRC", "serves", "a", "broad", "range", "of", "commercial", ",", "industrial", "and", "government", "clients", ",", "implementing", "complex", "projects", "from", "initial", "concept", "to", "delivery", "and", "operation", ".", "TRC", "delivers", "results", "that", "enable", "clients", "to", "achieve", "success", "in", "a", "complex", "and", "changing", "world", ".", "Follow", "us", "on", "Twitter", "at", "@", "TRC", "_", "Companies", "and", "on", "LinkedIn", ".", "About", "New", "Mountain", "Capital", "New", "Mountain", "Capital", "is", "a", "New", "York", "-", "based", "investment", "firm", "that", "emphasizes", "business", "building", "and", "growth", ",", "rather", "than", "debt", ",", "as", "it", "pursues", "long", "-", "term", "capital", "appreciation", ".", "The", "firm", "currently", "manages", "private", "equity", ",", "public", "equity", "and", "credit", "funds", "with", "approximately", "$", "15 billion", "in", "aggregate", "capital", "commitments", ".", "New", "Mountain", "Capital", "seeks", "out", "what", "it", "believes", "to", "be", "the", "highest", "-", "quality", "growth", "leaders", "in", "carefully", "selected", "industry", "sectors", "and", "then", "works", "intensively", "with", "management", "to", "build", "the", "value", "of", "these", "companies", ".", "For", "more", "information", "on", "New", "Mountain", "Capital", ",", "please", "visit", 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1342287-000114420407063474-v095135_ex99-1
EX-99.1 2 v095135_ex99-1.htm Unassociated Document FOR IMMEDIATE RELEASE GENERAL FINANCE CORPORATION TO ACQUIRE CONTAINER ASSETS OF GE SEACO AUSTRALIA PTY LTD FOR $18.4 MILLION --- Assets to be integrated with 86.2%-Owned Royal Wolf Trading, Australia's Largest Storage Container Sales and Leasing Company Pasadena, CA - November 14, 2007 - General Finance Corporation or ("GFN") (AMEX: GFN, GFN.WS, and GFN.U), and Royal Wolf Trading Australia Pty Ltd ("Royal Wolf" or "RWA"), an 86.2% owned subsidiary that is the largest marketer and lessor of storage containers in Australia, today announced the signing of an agreement to acquire the dry and refrigerated container assets of GE SeaCo Australia Pty Ltd ("GE SeaCo") for A$20.0 million (U.S. $18.4 million). The acquisition is expected to be accretive this fiscal year and is targeted to take place mid-November. With this purchase, RWA will add more than 6300 containers, of which 4600 units are leased with 20-30 national accounts serving such industries as road & rail, moving and storage and logistics. GE SeaCo is exiting the domestic container leasing market in Australia after 25 years through this transaction and the simultaneous sale of its tank container business. GE SeaCo's domestic container business is believed to be the third largest in Australia with offices or 3rd party depots in every state, according to GE SeaCo. While the segment of GE SeaCo being acquired has been cashflow positive every month this past year on an adjusted basis, the transaction is subject to trailing twelve month adjusted EBITDA as of September 30, 2007 being at least A$4MM, inclusive of the tank container assets that GFN is not acquiring (EBITDA is a non-GAAP measure, which is defined as earnings before interest expense, income taxes and depreciation and amortization). Some GE SeaCo employees are expected to join Royal Wolf, which will also assume several depot and agency contracts, including a third party sales agreement for intermodal containers from the GE SeaCo international fleet. The transaction will be financed by approximately A$12 million of bank financing and A$8 million of equity from GFN and Bison Capital Australia LP, which owns the remaining 13.8% interest in Royal Wolf. "This transaction is a natural fit for Royal Wolf and continues our strategy of both organic and acquisition growth", said Ronald Valenta, CEO of General Finance. Bob Allan, Royal Wolf's CEO, noted that the acquisition of GE SeaCo's dry and refrigerated container business will also provide greater balance towards leasing revenues, including mid-sized customers that will fit well within the branch locations. Mr. Allan stated that "GE SeaCo has been a strong operator in the Australian market. We believe the increase in range and availability from the combined container fleets will be a real benefit to customers." Royal Wolf was itself acquired by General Finance, formerly a special purpose acquisition company, in September 2007. About General Finance Corporation The Company's 86.2%-owned subsidiary Royal Wolf, a privately held Australian company acquired in September 2007, through its principal subsidiary, Royal Wolf Trading Australia Pty Limited, is engaged in the sale and leasing of portable storage containers, portable container buildings and freight containers to a broad cross section of industrial, commercial, educational and government customers throughout Australia. Cautionary Statement About Forward-Looking Statements Statements in this news release that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements regarding the proposed acquisition of certain assets of GE SeaCo and prospects of Royal Wolf following such acquisition. Readers are cautioned that these forward-looking statements involve certain risks and uncertainties, including those contained in the Company's revised definitive proxy statement with respect to the Company's acquisition of Royal Wolf filed with the Securities and Exchange Commission on August 10, 2007 and Transition Report on Form 10-K for the six months ended June 30, 2007. General Finance Corporation disclaims any obligation to update any information contained in any forward-looking statement. Contact: For General Finance Corporation John Johnson Chief Operating Officer (213) 706-0317 Or Steven Anreder 212-532-3232 Steven.anreder@anreder.com
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"Royal", "Wolf", "'s", "CEO", ",", "noted", "that", "the", "acquisition", "of", "GE", "SeaCo", "'s", "dry", "and", "refrigerated", "container", "business", "will", "also", "provide", "greater", "balance", "towards", "leasing", "revenues", ",", "including", "mid", "-", "sized", "customers", "that", "will", "fit", "well", "within", "the", "branch", "locations", ".", "Mr", ".", "Allan", "stated", "that", "\"", "GE", "SeaCo", "has", "been", "a", "strong", "operator", "in", "the", "Australian", "market", ".", "We", "believe", "the", "increase", "in", "range", "and", "availability", "from", "the", "combined", "container", "fleets", "will", "be", "a", "real", "benefit", "to", "customers", ".", "\"", "Royal", "Wolf", "was", "itself", "acquired", "by", "General", "Finance", ",", "formerly", "a", "special", "purpose", "acquisition", "company", ",", "in", "September", "2007", ".", "About", "General", "Finance", "Corporation", "The", "Company", "'s", "86", ".", "2", "%", "-", "owned", 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821002-000157104913001032-t1300591_ex99-1
EX-99.1 2 t1300591_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 FOR IMMEDIATE RELEASE: November 4, 2013 PVH CORP. AND G-III APPAREL GROUP, LTD. COMPLETE SALE OF G.H. BASS & CO. BUSINESS New York, New York - PVH Corp. [NYSE: PVH] and G-III Apparel Group, Ltd. [NasdaqGS: GIII] announced today that they have completed the previously announced sale of substantially all of the assets of PVH's G.H. Bass & Co. division to a subsidiary of G-III. Gross proceeds from the transaction were approximately $50 million, paid in cash. About PVH Corp: PVH Corp., one of the world's largest apparel companies, owns and markets the iconic Calvin Klein and Tommy Hilfiger brands worldwide. It is the world's largest shirt and neckwear company and markets a variety of goods under its own brands, Van Heusen, Calvin Klein, Tommy Hilfiger, IZOD, ARROW, Warner's and Olga , and its licensed brands, including Speedo, Geoffrey Beene, Kenneth Cole New York, Kenneth Cole Reaction, MICHAEL Michael Kors, Sean John, Chaps, Donald J. Trump Signature Collection, JOE Joseph Abboud, DKNY, Ike Behar and John Varvatos . About G-III Apparel Group, Ltd.: G-III is a leading manufacturer and distributor of outerwear, dresses, sportswear, swimwear, women's suits and women's performance wear, as well as footwear, luggage and women's handbags, small leather goods and cold weather accessories, under licensed brands, its own brands and private label brands. G-III sells swimwear, resort wear and related accessories under its own Vilebrequin brand. G-III also sells outerwear, dresses, performance wear and handbags under its own Andrew Marc and Marc New York brands and has licensed these brands to select third parties in certain product categories. G-III has fashion licenses under the Calvin Klein , Kenneth Cole , Cole Haan , Guess? , Tommy Hilfiger , Jones New York , Jessica Simpson , Sean John , Vince Camuto , Ivanka Trump , Nine West , Ellen Tracy , Kensie , Mac & Jac , Levi's and Dockers brands. Through its team sports business, G-III has licenses with the National Football League, National Basketball Association, Major League Baseball, National Hockey League, Touch by Alyssa Milano and more than 100 U.S. colleges and universities. G-III's other owned brands include G-III Sports by Carl Banks , Eliza J , Black Rivet , Jessica Howard and Winlit . G-III also operates retail stores under the Wilsons Leather , Bass , G.H. Bass & Co. , Vilebrequin , Calvin Klein Performance and Andrew Marc names. Contacts: PVH Corp.: Dana Perlman Treasurer and Senior Vice President, Business Development & Investor Relations (212) 381-3502 investorrelations@pvh.com G-III Apparel Group, Ltd.: Neal Nackman Chief Financial Officer (212) 403-0500 G-III Investor Relations - ICR Inc. James R. Palczynski (203) 682-8200 PVH CORP. SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Forward-looking statements in this press release, including, without limitation, statements relating to the Company's future revenue and earnings, plans, strategies, objectives, expectations and intentions are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy, and some of which might not be anticipated, including, without limitation, the following: (i) the Company's plans, strategies, objectives, expectations and intentions are subject to change at any time at the discretion of the Company; (ii) in connection with the acquisition of The Warnaco Group, Inc. ("Warnaco"), the Company borrowed significant amounts, may be considered to be highly leveraged, and will have to use a significant portion of its cash flows to service such indebtedness, as a result of which the Company might not have sufficient funds to operate its businesses in the manner it intends or has operated in the past; (iii) the levels of sales of the Company's apparel, footwear and related products, both to its wholesale customers and in its retail stores, the levels of sales of the Company's licensees at wholesale and retail, and the extent of discounts and promotional pricing in which the Company and its licensees and other business partners are required to engage, all of which can be affected by weather conditions, changes in the economy, fuel prices, reductions in travel, fashion trends, consolidations, repositionings and bankruptcies in the retail industries, repositionings of brands by the Company's licensors and other factors; (iv) the Company's plans and results of operations will be affected by the Company's ability to manage its growth and inventory, including the Company's ability to realize benefits from Warnaco; (v) the Company's operations and results could be affected by quota restrictions and the imposition of safeguard controls (which, among other things, could limit the Company's ability to produce products in cost-effective countries that have the labor and technical expertise needed), the availability and cost of raw materials,the Company's ability to adjust timely to changes in trade regulations and the migration and development of manufacturers (which can affect where the Company's products can best be produced), changes in available factory and shipping capacity, wage and shipping cost escalation, and civil conflict, war or terrorist acts, the threat of any of the foregoing, or political and labor instability in any of the countries where the Company's or its licensees' or other business partners' products are sold, produced or are planned to be sold or produced; (vi) disease epidemics and health related concerns, which could result in closed factories, reduced workforces, scarcity of raw materials and scrutiny or embargoing of goods produced in infected areas, as well as reduced consumer traffic and purchasing, as consumers become ill or limit or cease shopping in order to avoid exposure; (vii) acquisitions and issues arising with acquisitions and proposed transactions, including, without limitation, the ability to integrate an acquired entity, such as Warnaco, into the Company with no substantial adverse effect on the acquired entity's or the Company's existing operations, employee relationships, vendor relationships, customer relationships or financial performance; (viii) the failure of the Company's licensees to market successfully licensed products or to preserve the value of the Company's brands, or their misuse of the Company's brands; and (ix) other risks and uncertainties indicated from time to time in the Company's filings with the Securities and Exchange Commission. The Company does not undertake any obligation to update publicly any forward-looking statement, including, without limitation, any estimate regarding earnings, whether as a result of the receipt of new information, future events or otherwise. G-III SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Statements concerning G-III's business outlook or future economic performance, anticipated revenues, expenses or other financial items; product introductions and plans and objectives related thereto; and statements concerning assumptions made or expectations as to any future events, conditions, performance or other matters are "forward-looking statements" as that term is defined under the Federal Securities laws. Forward-looking statements are subject to risks, uncertainties and factors which include, but are not limited to, reliance on licensed product, reliance on foreign manufacturers, risks of doing business abroad, the current economic and credit environment, the nature of the apparel industry, including changing customer demand and tastes, customer concentration, seasonality, risks of operating a retail business, customer acceptance of new products, the impact of competitive products and pricing, dependence on existing management, possible disruption from acquisitions and general economic conditions, as well as other risks detailed in G-III's filings with the Securities and Exchange Commission. G-III assumes no obligation to update the information in this release.
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1462223-000165495421009694-rcrt_ex991
EX-99.1 5 rcrt_ex991.htm PRESS RELEASE rcrt_ex991.htm EXHIBIT 99.1 Recruiter.com Acquires Flexible Talent Solutions Leader, the Novo Group RCRT , RCRTW | 2 days ago Transforming recruiting into an on-demand experience NEW YORK, NY / ACCESSWIRE / August 30, 2021 / Recruiter.com Group, Inc. (NASDAQ:RCRT)(NASDAQ:RCRTW) ("Recruiter.com"), a leader in on-demand recruiting solutions , today announced it has completed the acquisition of the Novo Group, Inc. (the "Novo Group"), a company that provides flexible talent acquisition to a wide array of customers, including life sciences, manufacturing, and consumer goods. "We couldn't be more excited to bring the Novo Group to Recruiter.com, combining a trailblazing recruiting technology solutions platform with a leading-edge talent acquisition practice", said Evan Sohn, CEO of Recruiter.com. "Together, we'll define the future of recruiting, creating the on-demand and flexible experience that enables every employer to recruit talent and scale up and down with demand swiftly. The acquisition adds fuel to our rapidly growing on-demand recruiting segment, which already showed 88% sequential quarterly growth in the second quarter of 2021". "We've learned over the past year that the way employers recruit talent is dramatically changing", said Michael McElherne, COO of Novo Group. "Together with Recruiter.com, we will give both large and small employers a way to react in real-time to their talent demands, with flexible, scalable solutions. In the on-demand world of the virtual workplace, we are excited to offer a compelling solution that matches the urgent nature of talent resourcing needs". As Recruiter.com's CEO recently discussed on CNBC's "The Exchange", the country's ongoing labor shortage should create a "phenomenal market for talent acquisition professionals and recruiters", with people looking for help from recruiters to help fill the vast amount of open roles with companies. General market data supports this trend, with outsourced recruiting and talent acquisition expected to reach $14.4 billion by 2027, growing at a CAGR of 13.8%, according to a report by ReportLinker on the segment, with the current U.S. market estimated at $1.7 Billion in 2020. Recruiter.com's platform, which provides both technology and on-demand recruiting services, addresses this demand. "Recruiter.com and Novo Group coming together will help us become, we believe, more responsive and more innovative, so we can better serve our clients", said Miles Jennings, President and COO of Recruiter.com. "Recruiter.com provides on-tap recruiting, supported by advanced artificial intelligence technologies and the largest network of recruiters nationwide. By coming together, we enhance our capacity to deliver effective talent acquisition solutions and expand our opportunities to leverage our AI software solutions with clients". Recruiter.com welcomes the Novo Group team to Recruiter.com, including talented sales, delivery, and customer support staff. Michael McElherne, COO of Novo Group, joins Recruiter.com as SVP of On-Demand Delivery. McElherne, who LinkedIn has recognized as one of the "Top 100" Talent Professionals globally, has represented some of the world's most recognized companies in Private Equity, Manufacturing, Life Sciences, IT, Pharma, Biotech, Supply Chain, and Investment Banking. A native of Chicago, Michael received his MBA from the Keller Graduate School of Management at DeVry University. The acquisition of Novo Group was successfully completed on August 27, 2021. This does not purport to be a full overview of the transaction, additional information regarding which will be found in Recruiter.com's Form 8-K, which will be filed with the U.S. Securities and Exchange Commission. About Recruiter.com Group, Inc. Recruiter.com is an online hiring platform delivering on-demand recruiting technology and services to both large and small businesses. With AI and video technology, and the world's largest network of recruiters, Recruiter.com delivers on-tap recruiting that flexes with hiring needs. To learn more, visit https://www.recruiter.com . For investor information, visit https://investors.recruiter.com Please follow social media channels for additional updates: · LinkedIn Recruiter Network Group: https://www.linkedin.com/groups/42370/ · LinkedIn Company Page: https://www.linkedin.com/company/1240434 · Twitter Company Page: https://twitter.com/recruiterdotcom · Facebook Company Page: https://www.facebook.com/RecruiterDotCom Company Contact: Evan Sohn CEO Recruiter.com Group, Inc. info@recruiter.com Investor Relations: Dave Gentry RedChip Companies, Inc. Phone: (407) 491-4498 dave@redchip.com Cautionary Note Regarding Forward-Looking Statements: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecasts" "believe", "may", "estimate", "continue", "anticipate", "intend", "should", "plan", "could", "target", "potential", "is likely", "will", "expect" and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements primarily on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include continued demand for professional hiring, the accuracy of the Recruiter Index® survey, the impact of the COVID-19 pandemic on the job market and the economy as virus levels are again rising in many states, and the Risk Factors contained within our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2020. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.
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1474903-000147490321000024-ex99102-11x21
EX-99.1 3 ex99102-11x21.htm EX-99.1 Document BGSF, Inc. Acquires Momentum Solutionz, a Nationally Recognized Provider of Information Technology Consulting and Managed Services Broadens Professional Services Offering and Elevates High-Level Consultant Sourcing PLANO, Texas - (February 9, 2021) - BGSF, Inc. (NYSE: BGSF), a growing national provider of workforce solutions, today announced it completed the acquisition of substantially all of the assets of Momentum Solutionz, LLC. The purchase price consists of $3.78 million paid at closing and up to $2.22 million in earnout based on achieving certain agreed upon performance targets in the first two years after closing, subject to customary purchase price adjustments. Momentum Solutionz reported unaudited revenues of approximately $3 million in fiscal year 2020. Momentum Solutionz is the 12th acquisition made by BGSF since 2009 as part of its growth strategy to enhance and expand its portfolio of service offerings and capabilities. The acquisition of this leading consulting and managed IT solutions provider not only broadens BGSF's IT solutions offerings across its installed client partner base but also creates a niche growth opportunity for high-level consultant placements. Momentum Solutionz delivers successful IT solutions to clients by providing innovative and flexible approaches that yield top-level performance and unrealized value. The company leverages an industry leading ticketing system in order to increase the efficiency, speed, routing and resolution of tasks and projects. Momentum is a recognized innovator that provides tailored IT solutions to meet the needs of complex business processes, including: a.Cloud Services b.Enterprise Professional Services c.Enterprise Resource Planning d.Enterprise Performance Management e.Solution Center Beth A. Garvey, President and CEO of BGSF, said, "We are excited to welcome the Momentum Solutionz group and service suite as part of our team. We have partnered with their leadership and integrated teams for many years selling solutions through EdgeRock Technology Partners. They focus on a very high-end market, and the ability to use their tool across all of our technologies is a huge opportunity with a higher margin profile for us. Additionally, like EdgeRock, Momentum Solutionz brings multi-year customer contracts with a recurring revenue model". Jeff Servidio and Lorne Kaufman, Managing Partners of Momentum Solutionz, added, "We are humbled and thrilled to become part of the BGSF family. We believe the synergies and momentum we have created with EdgeRock over the last few years will continue into the future as we are able to expand our managed services and project-based services to the BGSF family. These services will allow BGSF to grow their diversification of services while complementing the company's strengths. We believe we are well positioned with the reputation and vision of BGSF, coupled with our process and experience, to create growth opportunities both in the short term, and for years to come". About Momentum Solutionz Momentum Solutionz is a provider of IT consulting and managed services for organizations utilizing ERP systems. The company's IT consulting services include strategic planning, software selection, road mapping, cloud migration and implementation of ERP systems. The company's IT managed services include optimization and maintenance of ERP systems. The company provides services to clients throughout the United States in a variety of industries, including but not limited to hospitals, retail, universities and mid-size businesses. About BGSF Headquartered in Plano, Texas, BGSF provides workforce solutions to a variety of industries through its various divisions in IT, Cyber, Finance & Accounting, Creative, Real Estate (apartment communities and commercial buildings), and Light Industrial. BGSF has integrated several regional and national brands achieving scalable growth. The Company was ranked by Staffing Industry Analysts as the 70th largest U.S. staffing company and the 50th largest IT staffing firm in the 2020 updates. The Company's disciplined acquisition philosophy, which builds value through both financial growth and the retention of unique and dedicated talent within BGSF's family of companies, has resulted in a seasoned management team with strong tenure and the ability to offer exceptional service to our field talent and client partners while building value for investors. For more information on the Company and its services, please visit its website at www.bgsf.com. Forward Looking Statements The forward-looking statements in this press release are made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may include, but are not limited to, statements regarding our future financial performance and the expectations and objectives of our board or management. The Company's actual results could differ materially from those indicated by the forward-looking statements because of various risks and uncertainties including those listed in Item 1A of the Company's Annual Report on Form 10-K and in the Company's other filings and reports with the Securities and Exchange Commission. All of the 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. When used in this press release, the words "allows", "believes", "plans", "expects", "estimates", "should", "would", "may", "might", "forward", "will", "intends", "continue", "outlook", "temporarily", "progressing", and "anticipates" and similar expressions as they relate to the Company or its management are intended to identify forward-looking statements. Except as required by law, the Company is not obligated to publicly release any revisions to these forward-looking statements to reflect the events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events. CONTACT: Hala Elsherbini or Steven Hooser Three Part Advisors ir@bgsf.com 214.442.0016
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"have", "created", "with", "EdgeRock", "over", "the", "last", "few", "years", "will", "continue", "into", "the", "future", "as", "we", "are", "able", "to", "expand", "our", "managed", "services", "and", "project", "-", "based", "services", "to", "the", "BGSF", "family", ".", "These", "services", "will", "allow", "BGSF", "to", "grow", "their", "diversification", "of", "services", "while", "complementing", "the", "company", "'s", "strengths", ".", "We", "believe", "we", "are", "well", "positioned", "with", "the", "reputation", "and", "vision", "of", "BGSF", ",", "coupled", "with", "our", "process", "and", "experience", ",", "to", "create", "growth", "opportunities", "both", "in", "the", "short", "term", ",", "and", "for", "years", "to", "come", "\"", ".", "About", "Momentum", "Solutionz", "Momentum", "Solutionz", "is", "a", "provider", "of", "IT", "consulting", "and", "managed", "services", "for", "organizations", "utilizing", "ERP", "systems", ".", "The", "company", "'s", "IT", 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"and", "its", "services", ",", "please", "visit", "its", "website", "at", "www.bgsf.com", ".", "Forward", "Looking", "Statements", "The", "forward", "-", "looking", "statements", "in", "this", "press", "release", "are", "made", "under", "the", "\"", "safe", "harbor", "\"", "provisions", "of", "the", "Private", "Securities", "Litigation", "Reform", "Act", "of", "1995", ".", "Forward", "-", "looking", "statements", "may", "include", ",", "but", "are", "not", "limited", "to", ",", "statements", "regarding", "our", "future", "financial", "performance", "and", "the", "expectations", "and", "objectives", "of", "our", "board", "or", "management", ".", "The", "Company", "'s", "actual", "results", "could", "differ", "materially", "from", "those", "indicated", "by", "the", "forward", "-", "looking", "statements", "because", "of", "various", "risks", "and", "uncertainties", "including", "those", "listed", "in", "Item", "1A", "of", "the", "Company", "'s", "Annual", "Report", "on", "Form", "10", "-", "K", "and", "in", "the", "Company", "'s", "other", "filings", "and", "reports", "with", "the", "Securities", "and", "Exchange", "Commission", ".", "All", "of", "the", "risks", "and", "uncertainties", "are", "beyond", "the", "ability", "of", "the", "Company", "to", "control", ",", "and", "in", "many", "cases", ",", "the", "Company", "can", "not", "predict", "the", "risks", "and", "uncertainties", "that", "could", "cause", "its", "actual", "results", "to", "differ", "materially", "from", "those", "indicated", "by", "the", "forward", "-", "looking", "statements", ".", "When", "used", "in", "this", "press", "release", ",", "the", "words", "\"", "allows", "\"", ",", "\"", "believes", "\"", ",", "\"", "plans", "\"", ",", "\"", "expects", "\"", ",", "\"", "estimates", "\"", ",", "\"", "should", "\"", ",", "\"", "would", "\"", ",", "\"", "may", "\"", ",", "\"", "might", "\"", ",", "\"", "forward", "\"", ",", "\"", "will", "\"", ",", "\"", "intends", "\"", ",", "\"", "continue", "\"", ",", "\"", "outlook", "\"", ",", "\"", "temporarily", "\"", ",", "\"", "progressing", "\"", ",", "and", "\"", "anticipates", "\"", "and", "similar", "expressions", "as", "they", "relate", "to", "the", "Company", "or", "its", "management", "are", "intended", "to", "identify", "forward", "-", "looking", "statements", ".", "Except", "as", "required", "by", "law", ",", "the", "Company", "is", "not", "obligated", "to", "publicly", "release", "any", "revisions", "to", "these", "forward", "-", "looking", "statements", "to", "reflect", "the", "events", "or", "circumstances", "after", "the", "date", "of", "this", "press", "release", "or", "to", "reflect", "the", "occurrence", "of", "unanticipated", "events", ".", "CONTACT", ":", "Hala", "Elsherbini", "or", "Steven", "Hooser", "Three", "Part", "Advisors", "ir@bgsf.com", "214", ".", "442", ".", "0016" ]
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1077720-000114420406008836-v037061_ex99-1
EX-99.1 16 v037061_ex99-1.htm EXHIBIT 99.1 FOR IMMEDIATE RELEASE NICKLEBYS.COM, INC. COMPLETES MERGER, NAME CHANGE AND REINCORPORATES IN DELAWARE AS FIIC HOLDINGS, INC. (OTCBB: FIIH.OB) COLUMBUS, Ohio - March 2, 2006 - Nicklebys.com, Inc. announced today that it has completed a merger with privately-held FIIC, Inc., an organizational stage company, headquartered in Columbus, Ohio, in the process of establishing itself as an insurance holding company. In connection with the merger, Nicklebys.com, Inc. also reincorporated from Colorado to Delaware and changed its name to FIIC Holdings, Inc. (OTCBB: FIIH.OB). Upon close of the Merger, the former officers and directors of FIIC, Inc. took over management and the board of FIIC Holdings, Inc. The transaction was completed by the merger of a wholly-owned subsidiary of Nicklebys.com, Inc. with and into FIIC, Inc., with FIIC, Inc. as the surviving corporation and a wholly-owned operating subsidiary of Nicklebys.com, Inc. As consideration for the merger, Nicklebys.com, Inc. issued shares of its common stock on a one-for-one basis in exchange for 100% of the issued and outstanding shares of FIIC, Inc. common stock, and assumed all outstanding options and warrants to purchase shares of FIIC, Inc. common stock and outstanding notes convertible into shares of FIIC common stock on the same terms and conditions as previously issued by FIIC, Inc. As a result, the company now has outstanding approximately 13,866,983 shares of common stock, and the former securityholders of Nicklebys.com, Inc. now own approximately 6.3% of the combined company on a fully diluted basis. Nicklebys.com, Inc. has ceased all of its prior business operations and has adopted and implemented FIIC, Inc.'s business plan. As a result of the change of name from Nicklebys.com, Inc. to FIIC Holdings, Inc., the company has received a new ticker symbol, FIIH.OB. "We are excited about the closing of the merger with Nicklebys and becoming a public insurance holding company", said James W. France, Jr., President and CEO of FIIC Holdings, Inc. "The closing of the merger will allow us to now focus on the formation and launch of our insurance entities, leading to the introduction of a new line of financial insurance products for investors". About FIIC Holdings, Inc. FIIC Holdings, Inc. is an organizational stage company in the process of establishing itself as an insurance holding company. To conduct its business, FIIC intends to form and capitalize three operating subsidiaries, including a Risk Retention Group to write insurance policies, an Agency Captive insurance company to provide reinsurance, and a Master Group Agency providing operations services to the other two subsidiaries. FIIC has an exclusive license to access and use a proprietary set of underwriting data and standards, known as the FIIC Underwriting Data and Standards, and an associated web-based interface, collectively known as the FIIC Database Content and Technology. Through the planned insurance subsidiaries, FIIC intends to use this proprietary information and technology to underwrite a new form of insurance policy, designated as an Investor Protection policy, designed and intended to bolster investment in new and growing businesses by insuring businesses, which will then name their investors as beneficiaries, against certain kinds of business failure. FIIC's objective is to provide a stable investment environment for small business investors through the strict application of its underwriting criteria. Forward Looking Safe Harbor Statement: This press release contains forward-looking statements. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. There are a number of factors that could cause actual results and developments to differ materially. For a discussion of those risks and uncertainties, please see our filings with the Securities and Exchange Commission. We file annual, quarterly and special reports, proxy statements and other information with the SEC. You may read and copy any reports, statements or other information that we file at the SEC's public reference room at 100 F Street, N.E., Washington, D.C., 20549. Please call the SEC at 1-800-SEC-0330 for further information on the public reference room. You also may obtain copies of this information by mail from the Public Reference Section of the SEC, 100 F Street, N.E., Washington, D.C., 20549 at prescribed rates. Our public filings with the SEC also are available from commercial document retrieval services and at the web site maintained by the SEC at http://www.sec.gov. Media Contact: Metropolis Public Relations, Inc. Angeline Renee Cook 877-963-8767 (ext 11) acook@metropolispr.com
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EX-99.1 4 d261416dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 BLOCK, INC. COMPLETES ACQUISITION OF AFTERPAY In conjunction with the acquisition, Block has appointed former Afterpay Director Sharon Rothstein to serve as a member of its Board of Directors SAN FRANCISCO, January 31, 2022 - Block, Inc. (NYSE: SQ) and Afterpay Limited today announced the successful completion of the Scheme of Arrangement under which Block has acquired all of the issued shares in Afterpay. This transaction aims to enable Block to better deliver compelling financial products and services that expand access to more consumers and help drive incremental revenue for sellers of all sizes. "We're excited to welcome the Afterpay team to Block and are eager to get to work", said Jack Dorsey, Block co-founder and CEO. "Together, we'll deliver even better products and services for sellers and consumers while staying true to our shared purpose of making the financial system more fair and accessible to everyone". The acquisition furthers Block's strategic priorities for its existing Square and Cash App ecosystems. Together, Square and Afterpay intend to enable sellers of all sizes to offer "buy now, pay later" (BNPL) at checkout, give Afterpay consumers the ability to manage their installment payments directly in Cash App, and give Cash App customers the ability to discover sellers and BNPL offers directly within the app. Today, Square also launched its first integration with Afterpay, providing Afterpay's BNPL functionality to sellers in the United States and Australia that use Square Online for e-commerce. This new omnichannel commerce tool can help sellers attract new shoppers and drive incremental revenue from day one. For more information on this announcement, read the press release here . Afterpay co-founders and co-CEOs Nick Molnar and Anthony Eisen have joined Block and will help lead Afterpay's respective seller and consumer businesses, as part of Block's Square and Cash App ecosystems. Block has also appointed Sharon Rothstein, a former Afterpay Director and Operating Partner at growth equity firm Stripes, to serve as a member of its Board of Directors. Prior to joining Stripes, Ms. Rothstein held several senior marketing and brand management positions with leading global brands including Sephora, Starwood Hotels and Resorts, and Procter & Gamble before serving on the executive team as Global Chief Marketing Officer and Global Chief Product Officer at Starbucks Corporation. "I've long admired Block's purpose to make the financial system more accessible and inclusive. I'm honored and excited to bring my global experiences to the diverse expertise of this Board", said Ms. Rothstein. "We're excited to welcome Sharon to our Board. Sharon's expertise in marketing and global operations make her a great fit for Block as we move into this next growth phase with Afterpay", said Mr. Dorsey. "We'd also like to thank all of the members of the Afterpay Board for their contributions to the business and the transaction". Block will release financial results for the fourth quarter and full year 2021 on February 24, 2022, after the market closes. Media Contact: press@block.xyz Investor Relations Contact: ir@block.xyz About Block Block (NYSE: SQ) is a global technology company with a focus on financial services. Made up of Square, Cash App, Spiral, TIDAL, and TBD54566975, we build tools to help more people access the economy. Square helps sellers run and grow their businesses with its integrated ecosystem of commerce solutions, business software, and banking services. With Cash App, anyone can easily send, spend, or invest their money in stocks or Bitcoin. Spiral (formerly Square Crypto) builds and funds free, open-source Bitcoin projects. Artists use TIDAL to help them succeed as entrepreneurs and connect more deeply with fans. TBD54566975 is building an open developer platform to make it easier to access Bitcoin and other blockchain technologies without having to go through an institution. Forward Looking Statements This press release contains forward-looking statements within the meaning of the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact could be deemed forward-looking, including, but not limited to, statements regarding the the future performance of Block, Inc. (the "Company") and Afterpay; the perceived synergies and other benefits of the acquisition; the ability of the acquisition to accelerate growth and to strengthen the integration between the Company's Square and Cash App ecosystems; and expectations around the financial impact of the transaction on Company's financials; the Company's expectations regarding scale, economics and the demand for or benefits from its current and future products, product features and services. Such statements are subject to a number of known and unknown risks, uncertainties, assumptions, and other factors that may cause the Company's actual results, performance, or achievements to differ materially from results expressed or implied in this press release, and reported results should not be considered as an indication of future performance. Investors are cautioned not to place undue reliance on these statements. Risks that contribute to the uncertain nature of the forward-looking statements include, among others, the proposed transaction may not advance the Company's business strategies; the ability of the company to retain the merchants of Afterpay; the ability to realize the expected benefits from the transaction in the expected time period, or at all; disruptions from the integration of Afterpay on ongoing operations; the Company's ability to integrate Afterpay's products into its ecosystems; and unknown, underestimated, or undisclosed commitments or liabilities, as well as other risks listed or described from time to time in the Company's filings with the Securities and Exchange Commission ("SEC"), including the most recently filed Quarterly Report on Form 10-Q and the Company's Proxy Statement filed on October 5, 2021 which are on file with the SEC and available on the investor relations page of the Company's website. All forward-looking statements are based on information and estimates available to the Company at the time of this press release and are not guarantees of future performance. Except as required by law, the Company assumes no obligation to update any of the statements in this press release.
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1074902-000090631815000036-ex991
EX-99 2 ex991.htm EXHIBIT 99.1 Converted by EDGARwiz Exhibit 99.1 April 30, 2015 For more information contact Stephen P. Wilson, Chairman and CEO TO ALL MEDIA: Steve P. Foster, President FOR IMMEDIATE RELEASE at 800-344-BANK RE: LCNB National Bank and Brookville National Bank Complete Their Merger On Thursday, April 30, 2015, LCNB Corp. ( " LCNB " ) (NASDAQ: LCNB) consummated its acquisition of BNB Bancorp, Inc. ( " BNB " ) and BNB ' s banking subsidiary, Brookville National Bank ( " BNB Bank " ). Upon consummation of the acquisition, BNB was merged with and into LCNB and BNB Bank was merged with and into LCNB ' s wholly-owned subsidiary, LCNB National Bank. The BNB Bank offices will now assume the name, LCNB National Bank, and the management and staff will essentially remain the same. Stephen P. Wilson, Chairman and CEO of LCNB Corp., stated, " We are very excited to be entering the Brookville Market and pleased to be partnering with such a strong and well respected Community Bank. " Roger L. Moler, BNB President, stated, " Brookville National Bank looks forward to joining such a fine organization and to having the ability to offer expanded bank services to the Brookville community. " The transaction gives LCNB two additional banking offices in Montgomery County, Ohio, along with an additional $ 111.8 million in total assets, which includes $35.9 million in total loans and $100.7 million in total deposits as of March 31, 2015. LCNB was advised by FBR Capital Markets & Co. and Dinsmore & Shohl LLP. BNB was advised by Austin Associates LLC and Shumaker, Loop & Kendrick, LLP. LCNB is a financial holding company headquartered in Lebanon, Ohio. LCNB National Bank is its wholly-owned subsidiary with 37 offices located in Butler, Clermont, Clinton, Fayette, Hamilton, Montgomery, Preble, Ross, and Warren Counties, Ohio. Additional information about LCNB Corp. and information about products and services offered by LCNB National Bank can be found on the Internet at www.LCNB.com . Safe Harbor Statement : Certain statements made herein may be deemed to be forward-looking statements that involve risks and uncertainties, including regulatory policy changes, interest rate fluctuations, loan demand, loan delinquencies and losses, and other risks. Actual strategies and results in future time periods may differ materially from those currently expected. Such forward-looking statements represent management ' s judgment as of the current date. LCNB disclaims any intent or obligation to update such forward-looking statements. LCNB intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.
[ "EX", "-", "99", "2", "ex991", ".", "htm", "EXHIBIT", "99", ".", "1", "Converted", "by", "EDGARwiz", "Exhibit", "99", ".", "1", "April", "30", ",", "2015", "For", "more", "information", "contact", "Stephen", "P", ".", "Wilson", ",", "Chairman", "and", "CEO", "TO", "ALL", "MEDIA", ":", "Steve", "P.", "Foster", ",", "President", "FOR", "IMMEDIATE", "RELEASE", "at", "800", "-", "344", "-", "BANK", "RE", ":", "LCNB", "National", "Bank", "and", "Brookville", "National", "Bank", "Complete", "Their", "Merger", "On", "Thursday", ",", "April", "30", ",", "2015", ",", "LCNB", "Corp", ".", "(", "\"", "LCNB", "\"", ")", "(", "NASDAQ", ":", "LCNB", ")", "consummated", "its", "acquisition", "of", "BNB", "Bancorp", ",", "Inc", ".", "(", "\"", "BNB", "\"", ")", "and", "BNB", "'", "s", "banking", "subsidiary", ",", "Brookville", "National", "Bank", "(", "\"", "BNB", "Bank", "\"", ")", ".", "Upon", "consummation", "of", "the", "acquisition", ",", "BNB", "was", "merged", "with", "and", "into", "LCNB", "and", "BNB", "Bank", "was", "merged", "with", "and", "into", "LCNB", "'", "s", "wholly", "-", "owned", "subsidiary", ",", "LCNB", "National", "Bank", ".", "The", "BNB", "Bank", "offices", "will", "now", "assume", "the", "name", ",", "LCNB", "National", "Bank", ",", "and", "the", "management", "and", "staff", "will", "essentially", "remain", "the", "same", ".", "Stephen", "P", ".", "Wilson", ",", "Chairman", "and", "CEO", "of", "LCNB", "Corp", ".", ",", "stated", ",", "\"", "We", "are", "very", "excited", "to", "be", "entering", "the", "Brookville", "Market", "and", "pleased", "to", "be", "partnering", "with", "such", "a", "strong", "and", "well", "respected", "Community", "Bank", ".", "\"", "Roger", "L", ".", "Moler", ",", "BNB", "President", ",", "stated", ",", "\"", "Brookville", "National", "Bank", "looks", "forward", "to", "joining", "such", "a", "fine", "organization", "and", "to", "having", "the", "ability", "to", "offer", "expanded", "bank", "services", "to", "the", "Brookville", "community", ".", "\"", "The", "transaction", "gives", "LCNB", "two", "additional", "banking", "offices", "in", "Montgomery", "County", ",", "Ohio", ",", "along", "with", "an", "additional", "$", "111.8 million", "in", "total", "assets", ",", "which", "includes", "$", "35.9 million", "in", "total", "loans", "and", "$", "100.7 million", "in", "total", "deposits", "as", "of", "March", "31", ",", "2015", ".", "LCNB", "was", "advised", "by", "FBR", "Capital", "Markets", "&", "Co", ".", "and", "Dinsmore", "&", "Shohl", "LLP", ".", "BNB", "was", "advised", "by", "Austin", "Associates", "LLC", "and", "Shumaker", ",", "Loop", "&", "Kendrick", ",", "LLP", ".", "LCNB", "is", "a", "financial", "holding", "company", "headquartered", "in", "Lebanon", ",", "Ohio", ".", "LCNB", "National", "Bank", "is", "its", "wholly", "-", "owned", "subsidiary", "with", "37", "offices", "located", "in", "Butler", ",", "Clermont", ",", "Clinton", ",", "Fayette", ",", "Hamilton", ",", "Montgomery", ",", "Preble", ",", "Ross", ",", "and", "Warren", "Counties", ",", "Ohio", ".", "Additional", "information", "about", "LCNB", "Corp", ".", "and", "information", "about", "products", "and", "services", "offered", "by", "LCNB", "National", "Bank", "can", "be", "found", "on", "the", "Internet", "at", "www.LCNB.com", ".", "Safe", "Harbor", "Statement", ":", "Certain", "statements", "made", "herein", "may", "be", "deemed", "to", "be", "forward", "-", "looking", "statements", "that", "involve", "risks", "and", "uncertainties", ",", "including", "regulatory", "policy", "changes", ",", "interest", "rate", "fluctuations", ",", "loan", "demand", ",", "loan", "delinquencies", "and", "losses", ",", "and", "other", "risks", ".", "Actual", "strategies", "and", "results", "in", "future", "time", "periods", "may", "differ", "materially", "from", "those", "currently", "expected", ".", "Such", "forward", "-", "looking", "statements", "represent", "management", "'", "s", "judgment", "as", "of", "the", "current", "date", ".", "LCNB", "disclaims", "any", "intent", "or", "obligation", "to", "update", "such", "forward", "-", "looking", "statements", ".", "LCNB", "intends", "such", "forward", "-", "looking", "statements", "to", "be", "covered", "by", "the", "safe", "harbor", "provisions", "for", "forward", "-", "looking", "statements", "contained", "in", "the", "Private", "Securities", "Litigation", "Reform", "Act", "of", "1995", "." ]
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947429-000090951806000689-mm7-1006_8ke991
EX-99 2 mm7-1006_8ke991.txt PRESS RELEASE Exhibit 99.1 ------------ INTERNATIONAL WIRE GROUP, INC. COMPLETES ITS EXIT FROM THE INSULATED WIRE BUSINESS Camden, NY -July 5, 2006 - International Wire Group, Inc. (ITWG. PK), announced today the closing of the previously announced sales of its insulated wire subsidiaries in the Philippines and Mexico to Draka Holding N.V. and Draka Mexico Holding, S.A. de C.V. ("Draka"). These transactions, together with the sale of certain U.S. insulated wire assets to Copperfield, LLC in November 2005 and the subsequent collection of retained accounts receivable, complete IWG's exit from the insulated wire business. Mark K. Holdsworth, Chairman of the Board of Directors of IWG, said, "The Draka transactions, which closed on July 3, 2006, complete the process of exiting the insulated wire business world-wide. Net cash proceeds from the exit of the insulated wire business since November 2005 total approximately $75 million. We are quite pleased with the results of this important strategic initiative. Moreover, we were also able to complete the acquisition of IWG High Performance Conductors, Inc. on March 31, 2006, and establish a strong market presence in specialty high-performance conductors for the aerospace, medical device and sensor industries". Rodney D. Kent, Chief Executive Officer, stated, "In addition to strengthening our balance sheet, the exit from the insulated wire business will help facilitate our continued focus on growing key areas within our core bare wire markets and specialty high-performance conductors business." Mr. Kent added, "The Company continues to grow in these two businesses, and with substantial scale, we expect to continue to be able to better serve our customer needs". International Wire Group, Inc is a manufacturer and marketer of wire products, including bare, silver-plated, nickel-plated and tin-plated copper wire, for other wire suppliers and original equipment manufacturers or "OEMs". Their products include a broad spectrum of copper wire configurations and gauges with a variety of electrical and conductive characteristics and are utilized by a wide variety of customers primarily in the aerospace, appliance, automotive, electronics and data communications, industrial/energy and medical device industries. The Company manufactures and distributes its products at 13 facilities located in the United States, Belgium, France and Italy. FORWARD-LOOKING INFORMATION IS SUBJECT TO RISK AND UNCERTAINTY Certain statements in this report may constitute "forward-looking" statements within the meaning of the Private Litigation Reform Act of 1995. Words such as "expects", "intends", "plans", "projects", "believes", "estimates", and similar expressions are used to identify these forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Forward-looking statements are based upon assumptions as to future events that may not prove to be accurate. Actual outcomes and results may differ materially from what is expressed or forecasted in these forward-looking statements. As a result, these statements speak only as of the date they were made and we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Our actual results and future trends may differ materially depending on a variety of factors, including the continued operation, viability and growth of customers, production rate increases and decreases, acquisition and divestiture plans, and other cost-reduction and productivity efforts; performance issues with key suppliers, subcontractors and customers; global trade policies; worldwide political stability; domestic and international economic conditions; price escalation; legal and investigatory proceedings; and other economic, political and technological risks and uncertainties. For further information about IWG's principal risks and uncertainties, see IWG's Form 10-K and other filings with the Securities and Exchange Commission. Contact: International Wire Group, Inc. Glenn J. Holler Senior Vice President and CFO 314-719-1000 ####
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"retained", "accounts", "receivable", ",", "complete", "IWG", "'s", "exit", "from", "the", "insulated", "wire", "business", ".", "Mark", "K", ".", "Holdsworth", ",", "Chairman", "of", "the", "Board", "of", "Directors", "of", "IWG", ",", "said", ",", "\"", "The", "Draka", "transactions", ",", "which", "closed", "on", "July", "3", ",", "2006", ",", "complete", "the", "process", "of", "exiting", "the", "insulated", "wire", "business", "world", "-", "wide", ".", "Net", "cash", "proceeds", "from", "the", "exit", "of", "the", "insulated", "wire", "business", "since", "November", "2005", "total", "approximately", "$", "75 million", ".", "We", "are", "quite", "pleased", "with", "the", "results", "of", "this", "important", "strategic", "initiative", ".", "Moreover", ",", "we", "were", "also", "able", "to", "complete", "the", "acquisition", "of", "IWG", "High", "Performance", "Conductors", ",", "Inc", ".", "on", "March", "31", ",", "2006", ",", "and", "establish", "a", "strong", "market", "presence", "in", "specialty", "high", "-", "performance", "conductors", "for", "the", "aerospace", ",", "medical", "device", "and", "sensor", "industries", "\"", ".", "Rodney", "D", ".", "Kent", ",", "Chief", "Executive", "Officer", ",", "stated", ",", "\"", "In", "addition", "to", "strengthening", "our", "balance", "sheet", ",", "the", "exit", "from", "the", "insulated", "wire", "business", "will", "help", "facilitate", "our", "continued", "focus", "on", "growing", "key", "areas", "within", "our", "core", "bare", "wire", "markets", "and", "specialty", "high", "-", "performance", "conductors", "business", ".", "\"", "Mr", ".", "Kent", "added", ",", "\"", "The", "Company", "continues", "to", "grow", "in", "these", "two", "businesses", ",", "and", "with", "substantial", "scale", ",", "we", "expect", "to", "continue", "to", "be", "able", "to", "better", "serve", "our", "customer", "needs", "\"", ".", "International", "Wire", "Group", ",", "Inc", "is", "a", "manufacturer", "and", "marketer", "of", "wire", "products", ",", "including", "bare", ",", "silver", "-", "plated", ",", "nickel", "-", "plated", "and", "tin", "-", "plated", "copper", "wire", ",", "for", "other", "wire", "suppliers", "and", "original", "equipment", "manufacturers", "or", "\"", "OEMs", "\"", ".", "Their", "products", "include", "a", "broad", "spectrum", "of", "copper", "wire", "configurations", "and", "gauges", "with", "a", "variety", "of", "electrical", "and", "conductive", "characteristics", "and", "are", "utilized", "by", "a", "wide", "variety", "of", "customers", "primarily", "in", "the", "aerospace", ",", "appliance", ",", "automotive", ",", "electronics", "and", "data", "communications", ",", "industrial", "/", "energy", "and", "medical", "device", "industries", ".", "The", "Company", "manufactures", "and", "distributes", "its", "products", "at", "13", "facilities", "located", "in", "the", "United", "States", ",", "Belgium", ",", "France", "and", "Italy", ".", "FORWARD", "-", "LOOKING", "INFORMATION", "IS", "SUBJECT", "TO", "RISK", "AND", "UNCERTAINTY", "Certain", "statements", "in", "this", "report", "may", "constitute", "\"", "forward", "-", "looking", "\"", "statements", "within", "the", "meaning", "of", "the", "Private", "Litigation", "Reform", "Act", "of", "1995", ".", "Words", "such", "as", "\"", "expects", "\"", ",", "\"", "intends", "\"", ",", "\"", "plans", "\"", ",", "\"", "projects", "\"", ",", "\"", "believes", "\"", ",", "\"", "estimates", "\"", ",", "and", "similar", "expressions", "are", "used", "to", "identify", "these", "forward", "-", "looking", "statements", ".", "These", "statements", "are", "not", "guarantees", "of", "future", "performance", "and", "involve", "risks", ",", "uncertainties", "and", "assumptions", "that", "are", "difficult", "to", "predict", ".", "Forward", "-", "looking", "statements", "are", "based", "upon", "assumptions", "as", "to", "future", "events", "that", "may", "not", "prove", "to", "be", "accurate", ".", 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"performance", "issues", "with", "key", "suppliers", ",", "subcontractors", "and", "customers", ";", "global", "trade", "policies", ";", "worldwide", "political", "stability", ";", "domestic", "and", "international", "economic", "conditions", ";", "price", "escalation", ";", "legal", "and", "investigatory", "proceedings", ";", "and", "other", "economic", ",", "political", "and", "technological", "risks", "and", "uncertainties", ".", "For", "further", "information", "about", "IWG", "'s", "principal", "risks", "and", "uncertainties", ",", "see", "IWG", "'s", "Form", "10", "-", "K", "and", "other", "filings", "with", "the", "Securities", "and", "Exchange", "Commission", ".", "Contact", ":", "International", "Wire", "Group", ",", "Inc", ".", "Glenn", "J.", "Holler", "Senior", "Vice", "President", "and", "CFO", "314", "-", "719", "-", "1000", "#", "#", "#", "#" ]
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1448431-000121390018014013-f8k101718ex99-1_optimizerx
EX-99.1 3 f8k101718ex99-1_optimizerx.htm PRESS RELEASE, DATED OCTOBER 17, 2018 Exhibit 99.1 OptimizeRx Acquires CareSpeak Communications Acquisition addresses critical industry need for direct communication between pharma and patients, supporting greater medication adherence, patient engagement and health outcomes ROCHESTER, Mich., (October 17, 2018) - OptimizeRx Corp. ( NASDAQ: OPRX), a leading provider of digital health messaging for the pharmaceutical industry, has acquired CareSpeak Communications, a leader in interactive health messaging for improved medication adherence and care coordination. OptimizeRx bridges the communication gap between pharma and providers with its digital health messaging platform that is delivered through a nationwide network of leading electronic health record (EHR) and ePrescribing providers. With CareSpeak, the company expands its reach to communicate directly to patients, resulting in greater medication adherence, persistence and affordability. This strategic acquisition follows a year of record growth for OptimizeRx, diversifying its revenue streams and scaling its current solution. "There are immense resources being poured into quality improvement and value-based care, all for the simple reason that it improves outcomes and reduces costs for all stakeholders", said William Febbo, CEO of OptimizeRx. "By adding CareSpeak's complementary capabilities to our platform, we extend our ability to engage doctors and patients, and improve health. CareSpeak allows us to further bridge the critical communication gaps between pharma, healthcare providers and patients". According to a recent study, between 25 and 50 percent of patients worldwide do not take their medications as recommended. In the U.S. alone, sub-optimal adherence has been associated with 125,000 deaths and 10 percent of hospitalizations, and costs the industry up to $289 billion annually. By deploying CareSpeak's technology through its nationwide digital health network, OptimizeRx will encourage medication adherence and persistence more effectively through greater affordability, patient engagement and interactive communication. Clinical studies show CareSpeak's automated patient engagement platform leads to better patient outcomes and can extend patient's time on therapy with specialty medications for up to 3.5 months. CareSpeak-powered intervention reduces payer medical cost by $140 per member per month, according to published data. "One of the keys to any good patient adherence and support program is an easy and seamless way for patients to get enrolled," said CareSpeak CEO, Serge Loncar. "CareSpeak's mission is to serve the patient along their whole therapy journey with the right information at the right time, and OptimizeRx's has the ability to serve the right message to the HCP and their patients at the point of prescribing. This "teachable moment" will have a significant impact on creating a streamlined experience for the patient, leading to higher enrollment rates and ultimately improved outcomes". The integration of CareSpeak's HITRUST certified and HIPAA compliant mobile messaging platform enables direct, real-time communication to patients. CareSpeak helps patients manage their own health with medication reminders, refill notices, side effect management information, and cost-saving co-pay programs. In addition, patients can contact nurse support services if needed. Added Febbo: "We are excited to join forces with Serge and his team. We see a great cultural fit given our mutual mission to transform communication across the provider-pharma-patient care continuum. This investment allows us to drive additional opportunities for revenue growth, extending our reach within our existing client base as well as enhancing our digital platform to facilitate more scale." Additional details about the acquisition will be available in a Form 8-K to be filed by OptimizeRx with the U.S. Securities and Exchange Commission, accessible in the investor relations section of the company's website at www.investors.optimizerx.com. CareSpeak will maintain its personnel at its Somerset, New Jersey headquarters. OptimizeRx is being advised by Excel Partners on the transaction. For more information on OptimizeRx, visit www.optimizerx.com. About CareSpeak Communications CareSpeak Communications' HIPAA compliant and HITRUST certified Automated Patient Engagement Platform helps patients be more compliant with their medical therapy and supports them throughout their healthcare journey via interactive messaging, and care coordination interventions. CareSpeak develops custom programs for pharmaceutical manufacturers, specialty pharmacies, health plans, as well as clinicians at some of the leading medical centers. CareSpeak has demonstrated clinical efficacy and positive commercial impact across a wide range of disease verticals from coronary heart disease and diabetes, to transplant and oncology patients. CareSpeak Communications, Inc. is headquartered in Somerset, New Jersey, USA, with offices in Zagreb, Croatia (EU). Visit www.carespeak.com for more information. About OptimizeRx OptimizeRx® (NASDAQ: OPRX) is one of the nation's leading providers of digital health messaging via electronic health records (EHRs), providing a direct channel for pharma companies to communicate with healthcare providers. The company's cloud-based solution supports patient adherence to medications by providing real-time access to financial assistance, prior authorization, education, and critical clinical information. The company's network is comprised of leading EHR platforms like Allscripts, Amazing Charts and Quest, and provides more than half of the ambulatory patient market with access to these benefits within their workflow at the point-of-care. For more information, follow the company on Twitter, LinkedIn or visit www.optimizerx.com. Important Cautions Regarding Forward Looking Statements This press release contains forward-looking statements within the definition of Section 27A of the Securities Act of 1933, as amended, and such as in section 21E of the Securities Act of 1934, as amended. These forward-looking statements should not be used to make an investment decision. The words "estimate", "possible" and "seeking" and similar expressions identify forward-looking statements, which speak only as to the date the statement was made. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted, or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks. OptimizeRx Contact Doug Baker, CFO Tel (248) 651-6568 x807 dbaker@optimizerx.com Media Relations Contact Nicole Brooks, Innsena Communications (Tel) 860-800-2344 nicolebrooks@innsena.com Investor Relations Contact Ron Both, CMA Tel (949) 432-7557 oprx@cma.team
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"update", "or", "revise", "any", "forward", "-", "looking", "statements", ",", "whether", "because", "of", "new", "information", ",", "future", "events", ",", "or", "otherwise", ".", "Forward", "-", "looking", "statements", "are", "inherently", "subject", "to", "risks", "and", "uncertainties", ",", "some", "of", "which", "can", "not", "be", "predicted", ",", "or", "quantified", ".", "Future", "events", "and", "actual", "results", "could", "differ", "materially", "from", "those", "set", "forth", "in", ",", "contemplated", "by", ",", "or", "underlying", "the", "forward", "-", "looking", "statements", ".", "The", "risks", "and", "uncertainties", "to", "which", "forward", "-", "looking", "statements", "are", "subject", "include", ",", "but", "are", "not", "limited", "to", ",", "the", "effect", "of", "government", "regulation", ",", "competition", "and", "other", "material", "risks", ".", "OptimizeRx", "Contact", "Doug", "Baker", ",", "CFO", "Tel", "(", "248", ")", "651", "-", "6568", "x807", "dbaker@optimizerx.com", "Media", "Relations", "Contact", "Nicole", "Brooks", ",", "Innsena", "Communications", "(", "Tel", ")", "860", "-", "800", "-", "2344", "nicolebrooks@innsena.com", "Investor", "Relations", "Contact", "Ron", "Both", ",", "CMA", "Tel", "(", "949", ")", "432", "-", "7557", "oprx@cma.team" ]
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1289236-000093639206000578-a20813exv99w1
EX-99.1 6 a20813exv99w1.htm EXHIBIT 99.1 exv99w1 Exhibit 99.1 CONTACT: Kent Griffin Chief Financial Officer (858) 485-9840 BioMed Realty Trust Completes Acquisition of Maryland Portfolio for $425 Million Agrees to Acquire New Jersey Property for $8.0 Million SAN DIEGO, May 24, 2006 - BioMed Realty Trust, Inc. (NYSE: BMR) today announced that it has completed the previously announced acquisition of Human Genome Sciences, Inc.'s (Nasdaq: HGSI) large-scale manufacturing and headquarters office and laboratory facilities located in Rockville, Maryland. The total purchase price was approximately $425 million, excluding closing costs. The portfolio includes approximately 925,000 rentable square feet of existing laboratory, office and manufacturing space. The headquarters facility consists of three recently constructed buildings and a parking structure in addition to undeveloped land that management estimates will support over 500,000 rentable square feet of additional laboratory and office space. The company is leasing the buildings to Human Genome Sciences pursuant to 20-year triple-net leases that provide for a security deposit, as well as the right for HGSI to extend each lease for two 10-year terms and to repurchase the properties under certain circumstances. BioMed also announced it has entered into an agreement to acquire a property at One Research Way in Princeton, New Jersey for approximately $8.0 million. The One Research Way property contains approximately 49,400 rentable square feet of laboratory and office space. The acquisition is anticipated to close in the second quarter of 2006, and is subject to customary closing conditions. "With the closing of this transaction, we continue to demonstrate our ability to execute our stated strategy of acquiring life science assets in our target markets, providing real estate solutions for quality tenants. This acquisition further enhances our leadership position in the life science industry", said Alan D. Gold, president and chief executive officer of BioMed Realty Trust. About BioMed Realty Trust BioMed Realty Trust, Inc. is a real estate investment trust (REIT) focused on Providing Real Estate to the Life Science Industry(TM). The company's tenants primarily include biotechnology and pharmaceutical companies, scientific research institutions, government agencies and other entities involved in the life science industry, and its properties and primary acquisition targets are generally located in markets with well-established reputations as centers for scientific research, including Boston, San Diego, San Francisco, Seattle, Maryland, Pennsylvania and New York/New Jersey. BioMed's real estate portfolio consists of 45 properties, representing 69 buildings with approximately 5.7 million rentable square feet in each of the major life science markets in the United States. Additional information is available at http://www.biomedrealty.com . This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. These risks and uncertainties include, without limitation: general risks affecting the real estate industry (including, without limitation, the inability to enter into or renew leases, dependence on tenants' financial condition, and competition from other developers, owners and operators of real estate); adverse economic or real estate developments in the life science industry or the company's target markets; risks associated with the availability and terms of financing and the use of debt to fund acquisitions and developments; failure to manage effectively the company's growth and expansion into new markets, or to complete or integrate acquisitions successfully; risks and uncertainties affecting property development and construction; risks associated with downturns in the national and local economies, increases in interest rates, and volatility in the securities markets; potential liability for uninsured losses and environmental contamination; risks associated with the company's potential failure to qualify as a REIT under the Internal Revenue Code of 1986, as amended, and possible adverse changes in tax and environmental laws; and risks associated with the company's dependence on key personnel whose continued service is not guaranteed. For a further list and description of such risks and uncertainties, see the reports filed by the company with the Securities and Exchange Commission, including the company's most recent annual report on Form 10-K. The company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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",", "excluding", "closing", "costs", ".", "The", "portfolio", "includes", "approximately", "925,000", "rentable", "square", "feet", "of", "existing", "laboratory", ",", "office", "and", "manufacturing", "space", ".", "The", "headquarters", "facility", "consists", "of", "three", "recently", "constructed", "buildings", "and", "a", "parking", "structure", "in", "addition", "to", "undeveloped", "land", "that", "management", "estimates", "will", "support", "over", "500,000", "rentable", "square", "feet", "of", "additional", "laboratory", "and", "office", "space", ".", "The", "company", "is", "leasing", "the", "buildings", "to", "Human", "Genome", "Sciences", "pursuant", "to", "20", "-", "year", "triple", "-", "net", "leases", "that", "provide", "for", "a", "security", "deposit", ",", "as", "well", "as", "the", "right", "for", "HGSI", "to", "extend", "each", "lease", "for", "two", "10", "-", "year", "terms", "and", "to", "repurchase", "the", "properties", "under", "certain", 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",", "see", "the", "reports", "filed", "by", "the", "company", "with", "the", "Securities", "and", "Exchange", "Commission", ",", "including", "the", "company", "'s", "most", "recent", "annual", "report", "on", "Form", "10", "-", "K", ".", "The", "company", "disclaims", "any", "intention", "or", "obligation", "to", "update", "or", "revise", "any", "forward", "-", "looking", "statements", ",", "whether", "as", "a", "result", "of", "new", "information", ",", "future", "events", "or", "otherwise", "." ]
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1138817-000101540204004476-ex99_1
EX-99.1 4 ex99_1.htm EXHIBIT 99.1 Exhibit 99.1 FOR IMMEDIATE RELEASE CONTACT: Rodger B. Holley President/CEO First Security Group, Inc. (423) 308-2080 FSGBank Acquires Two Knoxville Leasing Companies CHATTANOOGA, Tenn. -- FSGBank, NA has acquired Knoxville leasing companies, Kenesaw Leasing Inc. and J&S Leasing Inc., from National Bank of Commerce. "This acquisition is a significant step forward in diversifying the revenue of FSGBank and further developing our income sources. As well, we anticipate that it will be immediately accretive to earnings", said Rodger Holley, chairman, CEO and president of First Security Group, Inc., the parent company for FSGBank, NA. Warren E. Payne and Johnny F. Grubb will continue as presidents and CEOs of Kenesaw Leasing and J&S Leasing, respectively. Both companies will operate as wholly owned subsidiaries of FSGBank under their current names; and Kenesaw Leasing's ten employees and J&S Leasing's five employees will remain with their companies after the acquisition. Payne will leave his position as the local president of National Bank of Commerce to become chairman of FSGBank's Knoxville regional banking operations. David R. Haynes will remain as president of FSGBank's Knoxville regional banking operations. Kenesaw Leasing, which began in 1985, was acquired by National Bank of Commerce in October 1996. The business leases new and used equipment, fixtures and furnishings to owner-managed businesses. Kenesaw has offices in Knoxville, Nashville and Memphis. As of Sept. 30, total assets stood at $48 million. "We're pleased to be associated with such a community-oriented organization", Payne said. "Since its formation, FSGBank has continued to solidify its place as a rapidly growing financial services company". J&S Leasing was founded by Johnny Grubb in 1981, and was acquired by National Bank of Commerce in January 1997. J&S leases forklifts, heavy equipment and other machinery primarily to companies in the trucking and construction industry. J&S is located in Knoxville and as of Sept. 30 had total assets of $13.6 million. Grubb echoed Payne's comment and said he's looking forward to the new association. "I have a tremendous amount of respect for FSGBank and members of its management, and expect this to be a long-standing relationship", Grubb said. -more- FSGBank Acquires Knoxville Leasing Companies - Page 2 of 2 First Security Group, Inc. is a bank holding company headquartered in Chattanooga with $675 million in assets. Founded in 1999, First Security Group's community bank subsidiary, FSGBank, NA, has 28 full-service banking offices along the Interstate 75 corridor of East Tennessee and Northwest Georgia. In Dalton, Ga., FSGBank operates under the name Dalton Whitfield Bank. FSGBank also provides trust and investment management, mortgage banking, asset-based lending, financial planning and Internet banking ( www.fsgbank.com ). FSGBank's super-community, customer-focused, "banking the way it ought to be" approach, along with its organic growth and strategic acquisitions, have established FSG as a recognized leader in the Southeast banking industry. ### This press release contains forward-looking statements concerning FSG's future activities. Such statements are subject to important factors that could cause FSG's actual results to differ materially from those anticipated by the forward-looking statements. These factors include the factors identified in FSG's Annual Report on Form 10-K for the year ended December 31, 2003 under the heading "Special Note Regarding Forward-Looking Statements", which are incorporated herein by reference. SOURCE: First Security Group, Inc.
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926326-000110465916088299-a15-25751_1ex99d1
EX-99.1 3 a15-25751_1ex99d1.htm EX-99.1 Exhibit 99.1 For more information, contact: Peter Kuipers Jessika Parry Omnicell, Inc. Next Step Communications (650) 251-6180 (781) 326-1741 peter.kuipers@omnicell.com omnicell@nextstepcomms.com Omnicell Completes Acquisition of Aesynt · Creates the broadest product portfolio in the industry, providing customers with an unprecedented choice of technology in medication management systems · Accretive to 2016 Non-GAAP EPS MOUNTAIN VIEW, Calif. -January 6, 2016 - Omnicell, Inc. (NASDAQ: OMCL) ("Omnicell"), a leading provider of medication and supply management solutions to health care systems, today announced that it completed its acquisition of Aesynt Holding Coöperatief U.A. from Aesynt Holding, L.P. and Aesynt, Ltd. on January 5, 2016, pursuant to the terms and conditions of the Securities Purchase Agreement announced on October 29, 2015. The combined company will support approximately 4,000 acute care facilities worldwide, have annual revenues of over $670 million and have approximately 2,200 employees. Randall A. Lipps, Founder, Chairman, President and CEO Omnicell, said, "We are excited to bring together these two companies, providing our health care customers with an unprecedented choice of technology. This is a major milestone in the 24-year history of Omnicell, as we continue our singular focus on simplifying medication management throughout the health care continuum. The addition of Aesynt to the Omnicell family will add distinct capabilities in central pharmacy robotics, IV robotics, automated dispensing systems, and analytics. The strength of our combined offerings will deliver truly scalable innovation to support safe and efficient health care. Our common goal to improve health care for everyone will now be closer to achievement". Details of this acquisition are included in an investor presentation found in the investor relations section of our website and can be accessed by clicking here. For the twelve months ended September 30, 2015, Aesynt reported revenue and adjusted EBITDA of $190 million and $23 million, respectively, up from $182 million and $20 million, respectively for the twelve months ended June 30, 2015. In connection with the acquisition, Omnicell entered into a $400 million senior secured credit facility with Wells Fargo Securities, LLC, as Sole Lead Arranger and Wells Fargo Bank, National Association, as administrative agent. The credit agreement provides for (a) a five-year $200 million term loan facility, and (b) a five-year revolving credit facility of $200 million. On January 5, 2016, Omnicell borrowed the full $200 million under the Term Loan Facility and $55 million under the Revolving Credit Facility to complete the acquisition of Aesynt and to pay related fees and expenses. Omnicell will provide updated financial guidance for 2016 including the Aesynt acquisition during a conference call to discuss the Company's Fourth Quarter 2015 financial results in the coming weeks. Forward-Looking Statements This release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including but not limited to statements relating to the acquisition of Aesynt and the anticipated benefits thereof, the expected combined operations of Omnicell and Aesynt and the availability of the senior secured credit facility going forward. As such, they are subject to the occurrence of many events outside Omnicell's control and are subject to various risk factors that could cause actual results to differ materially from those expressed or implied in any forward-looking statement. Risks include, without limitation, risks associated with the acquisition of Aesynt, such as the risk that the businesses will not be integrated successfully, that such integration may be more difficult, time-consuming or costly than expected or that the expected benefits of the acquisition will not occur; risks related to future opportunities and plans for the combined company, including uncertainty of the expected financial performance and results of the combined company following completion of the acquisition, including anticipated non-GAAP accretive results and revenue; disruption from the integration process, making it more difficult to conduct business as usual or maintain relationships with customers, employees or suppliers; the calculation of, and factors that may impact the allocation of the purchase price to the net assets acquired in accordance with applicable accounting rules and methodologies; the possibility that if Omnicell does not achieve the perceived benefits of the acquisition of Aesynt as rapidly or to the extent anticipated by financial analysts or investors, the market price of Omnicell's shares could decline; and risks related to the incurrence of debt, including potential impairment of our flexibility and access to capital, increased interest obligations and potential that we may default under the terms of the senior credit facility and may not be able to borrow under the revolving credit facility. Other risks that contribute to the uncertain nature of the forward-looking statements include our ability to take advantage of the growth opportunities in medication management across the spectrum of health care settings from long term care to home care, our ability to deliver scalable innovation to support safe and efficient health care, unfavorable general economic and market conditions, risks to growth and acceptance of our products and services, including competitive conversions, and to growth of the clinical automation and workflow automation market generally, the potential of increasing competition, potential regulatory changes, the ability of the company to improve sales productivity to grow product bookings, to develop new products and to acquire and successfully integrate companies. These and other risks and uncertainties are described more fully in Omnicell's most recent filings with the Securities and Exchange Commission. Prospective investors are cautioned not to place undue reliance on forward-looking statements. All forward-looking statements contained in this press release speak only as of the date on which they were made. Omnicell undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made. OMCL-G About Omnicell Since 1992, Omnicell (NASDAQ: OMCL) has been creating new efficiencies to improve patient care, anywhere it is delivered. Omnicell is a leading supplier of comprehensive automation and business analytics software for patient-centric medication and supply management across the entire health care continuum-from the acute care hospital setting to post-acute skilled nursing and long-term care facilities to the home. More than 3,200 customers worldwide have utilized Omnicell Automation and Analytics solutions to increase operational efficiency, reduce errors, deliver actionable intelligence and improve patient safety. Omnicell Medication Adherence solutions, including its MTS Medication Technologies brand, provide innovative medication adherence packaging solutions to help reduce costly hospital readmissions. In addition, these solutions enable approximately 7,000 institutional and retail pharmacies worldwide to maintain high accuracy and quality standards in medication dispensing and administration while optimizing productivity and controlling costs. For more information about Omnicell, Inc. please visit www.omnicell.com. About Aesynt Aesynt combines years of health care expertise with a comprehensive portfolio of pharmacy automation and information management tools. Aesynt partners with health care organizations to fully optimize all medication forms enterprise-wide, driving dramatic cost reductions and improved patient safety. With leading solutions for sterile compounding, enterprise-wide inventory management, and medication dispensing, Aesynt is committed to developing innovative solutions to solve the most pressing challenges for our global health care partners. For more information, visit www. Aesynt.com or follow Aesynt on Twitter at https://twitter.com/ Aesynt or LinkedIn at www.linkedin.com/company/ Aesynt. ### Editor's Notes: 1. All Omnicell news releases (financial, acquisitions, products, technology etc.) are issued exclusively by PR Newswire and are immediately thereafter posted on the company's external website, omnicell.com. 2. Omnicell and the Omnicell logo design, are registered trademarks of Omnicell, Inc. 3. All other brand or product names may be trademarks or registered trademarks of their respective companies.
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"productivity", "to", "grow", "product", "bookings", ",", "to", "develop", "new", "products", "and", "to", "acquire", "and", "successfully", "integrate", "companies", ".", "These", "and", "other", "risks", "and", "uncertainties", "are", "described", "more", "fully", "in", "Omnicell", "'s", "most", "recent", "filings", "with", "the", "Securities", "and", "Exchange", "Commission", ".", "Prospective", "investors", "are", "cautioned", "not", "to", "place", "undue", "reliance", "on", "forward", "-", "looking", "statements", ".", "All", "forward", "-", "looking", "statements", "contained", "in", "this", "press", "release", "speak", "only", "as", "of", "the", "date", "on", "which", "they", "were", "made", ".", "Omnicell", "undertakes", "no", "obligation", "to", "update", "such", "statements", "to", "reflect", "events", "that", "occur", "or", "circumstances", "that", "exist", "after", "the", "date", "on", "which", "they", "were", "made", ".", "OMCL", "-", "G", "About", "Omnicell", "Since", "1992", ",", "Omnicell", "(", "NASDAQ", ":", "OMCL", ")", "has", "been", "creating", "new", "efficiencies", "to", "improve", "patient", "care", ",", "anywhere", "it", "is", "delivered", ".", "Omnicell", "is", "a", "leading", "supplier", "of", "comprehensive", "automation", "and", "business", "analytics", "software", "for", "patient", "-", "centric", "medication", "and", "supply", "management", "across", "the", "entire", "health", "care", "continuum", "-", "from", "the", "acute", "care", "hospital", "setting", "to", "post", "-", "acute", "skilled", "nursing", "and", "long", "-", "term", "care", "facilities", "to", "the", "home", ".", "More", "than", "3,200", "customers", "worldwide", "have", "utilized", "Omnicell", "Automation", "and", "Analytics", "solutions", "to", "increase", "operational", "efficiency", ",", "reduce", "errors", ",", "deliver", "actionable", "intelligence", "and", "improve", "patient", "safety", ".", "Omnicell", "Medication", "Adherence", "solutions", ",", "including", "its", "MTS", "Medication", "Technologies", "brand", ",", "provide", "innovative", "medication", "adherence", "packaging", "solutions", "to", "help", "reduce", "costly", "hospital", "readmissions", ".", "In", "addition", ",", "these", "solutions", "enable", "approximately", "7,000", "institutional", "and", "retail", "pharmacies", "worldwide", "to", "maintain", "high", "accuracy", "and", "quality", "standards", "in", "medication", "dispensing", "and", "administration", "while", "optimizing", "productivity", "and", "controlling", "costs", ".", "For", "more", "information", "about", "Omnicell", ",", "Inc", ".", "please", "visit", "www.omnicell.com", ".", "About", "Aesynt", "Aesynt", "combines", "years", "of", "health", "care", "expertise", "with", "a", "comprehensive", "portfolio", "of", "pharmacy", "automation", "and", "information", "management", "tools", ".", "Aesynt", "partners", "with", "health", "care", "organizations", "to", "fully", "optimize", "all", "medication", "forms", "enterprise", "-", "wide", ",", "driving", "dramatic", "cost", "reductions", "and", "improved", "patient", "safety", ".", "With", "leading", "solutions", "for", "sterile", "compounding", ",", "enterprise", "-", "wide", "inventory", "management", ",", "and", "medication", "dispensing", ",", "Aesynt", "is", "committed", "to", "developing", "innovative", "solutions", "to", "solve", "the", "most", "pressing", "challenges", "for", "our", "global", "health", "care", "partners", ".", "For", "more", "information", ",", "visit", "www", ".", "Aesynt.com", "or", "follow", "Aesynt", "on", "Twitter", "at", "https://twitter.com/", "Aesynt", "or", "LinkedIn", "at", "www.linkedin.com/company/", "Aesynt", ".", "#", "#", "#", "Editor", "'s", "Notes", ":", "1", ".", "All", "Omnicell", "news", "releases", "(", "financial", ",", "acquisitions", ",", "products", ",", "technology", "etc", ".", ")", "are", "issued", "exclusively", "by", "PR", "Newswire", "and", "are", "immediately", "thereafter", "posted", "on", "the", "company", "'s", "external", "website", ",", "omnicell.com", ".", "2", ".", "Omnicell", "and", "the", "Omnicell", "logo", "design", ",", "are", "registered", "trademarks", "of", "Omnicell", ",", "Inc", ".", "3", ".", "All", "other", "brand", "or", "product", "names", "may", "be", "trademarks", "or", "registered", "trademarks", "of", "their", "respective", "companies", "." ]
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1453818-000126295910000067-exhibit99_1
EX-99.1 2 exhibit99_1.htm EXHIBIT 99.1 exhibit99_1.htm Exhibit 99.1 News Release For Immediate Release For Further Information, Contact: September 14, 2010 George Lancaster, Hines 713/966-7676 George_lancaster@hines.com HINES GLOBAL REIT ACQUIRES HOCK PLAZA IN DURHAM, NC (HOUSTON) - Hines, the international real estate firm, announced today that Hines Global REIT has acquired Hock Plaza from Brickman Durham LLC. The 12-story office building is located at 2424 Erwin Road adjacent to Duke University in the North Durham submarket of Durham, North Carolina. The seller was represented in the transaction by Holliday Fenoglio Fowler. Designed by Brockwell Associates, the post-modern Hock Plaza was completed in 2004. Containing 327,160 square feet, the building is 99 percent leased to three tenants. Duke University and the Duke University Health System lease 98% of the building through October 2019. The third tenant is a small, convenience retailer. "This asset was extremely attractive to Hines Global REIT due to its strategic location near Duke University Medical Center and its stable tenancy", said Charles Hazen, president and CEO of Hines Global REIT. "The Raleigh/Durham market has been on our radar screen for a while, and we're delighted to be entering it with the Hock Plaza acquisition", said Hines Senior Vice President Kurt Hartman. "We're looking forward to expanding our presence in the area". Hines Global REIT is a Houston-based, public, non-traded real estate investment trust sponsored by Hines. Hines Global REIT commenced its $3.5 billion initial public offering in August 2009 and has raised over $250 million, which it intends to invest in commercial real estate properties located in the United States and internationally. Hock Plaza represents the third acquisition for Hines Global REIT. For additional information about Hines Global REIT, visit www.HinesREI.com. Hines is a fully integrated real estate investment and management firm that has been investing in real estate and providing acquisition, development, financing, property management, leasing and disposition services for over 50 years. With offices in more than 100 cities in 17 countries, and controlled assets valued at approximately $22.2 billion, Hines is one of the largest real estate organizations in the world. Access www.hines.com for more information on Hines. -30- This material contains forward-looking statements (such as those concerning investment objectives, strategies, opportunities, other plans and objectives for future operations or economic performance, or related assumptions or forecasts) that are based on Hines Global REIT's current expectations, plans, estimates, assumptions and beliefs that involve numerous risks and uncertainties, including, without limitation, Hines Global REIT's ability to raise significant additional offering proceeds through its initial public offering, consummate the acquisition of a property it currently has under contract and those risks set forth in the "Risk Factors" section of Hines Global REIT's prospectus, dated April 30, 2010 (available at www.HinesREI.com). Any of these statements could be inaccurate, and actual events or Hines Global REIT's investments and results of operations could differ materially from those expressed or implied. To the extent that Hines Global REIT's assumptions differ from actual results, Hines Global REIT's ability to meet such forward-looking statements, including its ability to invest in a diversified portfolio of quality real estate investments and to generate attractive returns for investors, may be significantly hindered. You are cautioned not to place undue reliance on any forward-looking statements.
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"a", "while", ",", "and", "we", "'", "re", "delighted", "to", "be", "entering", "it", "with", "the", "Hock", "Plaza", "acquisition", "\"", ",", "said", "Hines", "Senior", "Vice", "President", "Kurt", "Hartman", ".", "\"", "We", "'", "re", "looking", "forward", "to", "expanding", "our", "presence", "in", "the", "area", "\"", ".", "Hines", "Global", "REIT", "is", "a", "Houston", "-", "based", ",", "public", ",", "non", "-", "traded", "real", "estate", "investment", "trust", "sponsored", "by", "Hines", ".", "Hines", "Global", "REIT", "commenced", "its", "$", "3.5 billion", "initial", "public", "offering", "in", "August", "2009", "and", "has", "raised", "over", "$", "250 million", ",", "which", "it", "intends", "to", "invest", "in", "commercial", "real", "estate", "properties", "located", "in", "the", "United", "States", "and", "internationally", ".", "Hock", "Plaza", "represents", "the", "third", "acquisition", "for", "Hines", "Global", "REIT", ".", "For", "additional", "information", "about", "Hines", "Global", "REIT", ",", "visit", "www.HinesREI.com", ".", "Hines", "is", "a", "fully", "integrated", "real", "estate", "investment", "and", "management", "firm", "that", "has", "been", "investing", "in", "real", "estate", "and", "providing", "acquisition", ",", "development", ",", "financing", ",", "property", "management", ",", "leasing", "and", "disposition", "services", "for", "over", "50", "years", ".", "With", "offices", "in", "more", "than", "100", "cities", "in", "17", "countries", ",", "and", "controlled", "assets", "valued", "at", "approximately", "$", "22.2 billion", ",", "Hines", "is", "one", "of", "the", "largest", "real", "estate", "organizations", "in", "the", "world", ".", "Access", "www.hines.com", "for", "more", "information", "on", "Hines", ".", "-", "30", "-", "This", "material", "contains", "forward", "-", "looking", "statements", "(", "such", "as", "those", "concerning", "investment", "objectives", ",", "strategies", ",", "opportunities", ",", 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944725-000114420406014239-v039942_ex99-1
EX-99.1 6 v039942_ex99-1.htm Exhibit 99.1 For more information, please contact: Michael J. McCloskey Chief Operating Officer 720-932-4282 michaelm@matrixbancorp.com or Susan J. Lewis, PAIRELATIONS, LLC (303) 804-0494 slewis@pairelations.com FOR IMMEDIATE RELEASE APRIL 3, 2006 MATRIX BANCORP, INC. ANNOUNCES SALE OF ASSETS OF MATRIX BANCORP TRADING SUBSIDIARY Transaction Marks Another Step Toward Traditional Community Banking DENVER - (BUSINESS WIRE) - April 3, 2006 - Matrix Bancorp, Inc. (NASDAQ: MTXC; the "Company") announced today that it has sold certain assets of its Matrix Bancorp Trading, Inc. ("MBT") subsidiary to SN Capital Markets, LLC ("SNCM"). SNCM is a newly formed limited liability company, co-founded by several former employees of MBT, including its former President, Mr. Chris Rooker, and Security National Holding Company, LLC. All of the employees of MBT, 31 in number, left MBT to become employees of SNCM. Historically, MBT provided brokerage and consulting services to the Company and third party financial institutions and financial services companies in the mortgage banking industry, including the brokering, acquisition and analysis of loans and mortgage servicing rights. SNCM expects to continue to provide the same high-quality, customer-focused services that MBT had provided prior the closing of the sale. 1 The purchase price for the assets sold consisted of $1,330,000 in cash paid at closing, as well as a promissory note from SNCM and its affiliate, Security National Holding Company, LLC ("SNHC"), in the original principal amount of $2,800,000. The note is guaranteed by SNCM's and SNHC's parent, Security National Master Holding Company, LLC ("SNMHC"), which holds substantial assets besides those companies. The note bears interest at the current prime rate in effect, and calls for equal monthly payments of principal plus accrued interest for the next 24 months. In addition, MBT agreed to finance the accounts receivables sold to SNCM, in the amount of approximately $600,000, for a period of up to ninety days. A demand promissory note evidencing such receivables financing has been issued by SNCM and SNHC and such note is guaranteed by SNMHC. As part of the sale, for a period of twelve months, MBT and any of its affiliates, have agreed not to compete or have any ownership interest in any business in the State of Colorado which is similar to SNCM's business. The Company expects to file a report on Form 8-K, including pro forma financial statements reflecting the effect of the discontinuance of MBT's operations for the year ending December 31, 2005, as early as April 6, 2006. In discussing the sale, Michael J. McCloskey, Chief Operating Officer of the Company, commented: "We are pleased to announce what we believe to be a mutually beneficial sale for both Matrix Bancorp and SN Capital Markets. This sale allows Matrix Bancorp to take another step towards our goal of re-positioning the company as a traditional community bank serving the Colorado front range market. MBT and its employees have always been valuable contributors to Matrix Bancorp; however, the services provided by MBT are not core to our revamped strategy. We thank the former MBT employees for their important service to Matrix and wish them well in their new endeavor at SN Capital Markets. The Company and our subsidiaries intend to continue to utilize the high quality services of SNCM for our brokerage, deal sourcing and consulting needs". 2 Chris Rooker, former President of MBT and newly-appointed President of SNCM, commented: "We understand the new business strategy and direction of Matrix Bancorp and support its goals. One of SN Capital Markets' primary goals as a new stand-alone company is to provide quality brokerage, analytics and consulting services to many, many financial institutions throughout the U.S., including Matrix Capital Bank and other Matrix subsidiaries. I believe operating outside the Matrix structure will provide SN Capital Markets the flexibility to take our service and business to a whole new level. I view the sale as a win-win scenario for both Matrix and SN Capital Markets". Denver-based Matrix Bancorp, Inc. is focused on developing its community-based banking network through its Matrix Capital Bank subsidiary by strategically positioning branches across Colorado's Front Range market. The Bank plans to grow its network to an estimated five to seven community-based branches over the next three to five years. The Company recently identified "United Western" as its proposed new brand name and anticipates a formal change in legal and trade names during second or third quarter of 2006, after receiving applicable regulatory and shareholder approvals. At December 31, 2005, the Company reported total consolidated assets of $2.1 billion, total loans of $1.4 billion, total deposits of $1.1 billion and total consolidated shareholders equity of $180.7 million (includes proceeds used for the Company's January 2006 tender offer). For more information, please visit www.matrixbancorp.com. Certain statements contained in this press release that are not historical facts, including, but not limited to, statements that can be identified by the use of forward-looking terminology such as "may", "will", "expect", "anticipate," "predict", "believe", "plan", "estimate" or "continue" or the negative thereof or other variations thereon or comparable terminology, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and involve a number of risks and uncertainties. The actual results of the future events described in such forward-looking statements in this press release could differ materially from those stated in such forward-looking statements. Among the factors that could cause actual results to differ materially are: the timing of regulatory approvals or consents for new branches or other contemplated actions ; the availability of suitable and desirable locations for additional branches; the continuing strength of our existing business, which may be affected by various factors, including, but not limited to, interest rate fluctuations; level of delinquencies; defaults and prepayments; general economic conditions; competition; the delay in or failure to receive any required shareholder approvals of the contemplated actions; the risks and uncertainties discussed elsewhere in the Company's Annual Report on Form 10-K for the year ended December 31, 2005 filed with the Securities and Exchange Commission on March 15, 2006; and the uncertainties set forth from time to time in the Company's periodic reports, filings and other public statements. 3
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919742-000114420413018875-v339967_ex99-1
EX-99.1 5 v339967_ex99-1.htm EXHIBIT 99.1 WORLD SURVEILLANCE GROUP ACQUIRES DEFENSE CONTRACTOR LIGHTER THAN AIR SYSTEMS Acquisition Provides Technical and Operational Expertise, Access to Current Government and Commercial Customers, and New Product Offerings KENNEDY SPACE CENTER, FL - April 1, 2013 (Marketwire) - World Surveillance Group Inc. (OTCQB: WSGI), a developer of lighter-than-air aerostats and unmanned aerial systems ("UAS"), today announced that it has completed the acquisition of Lighter Than Air Systems Corp. ("LTAS"). LTAS is expected to continue to generate revenues based on a robust pipeline in the surveillance and security sector. The acquisition will immediately provide technical and operational support to WSGI for the recently awarded contract from the U.S. Department of Defense for a set of Blimp in a Box™ aerostat systems. The purchase price paid by WSGI for LTAS consists of: $250,000 in cash, payable 30 days after the closing of the acquisition, 25,000,000 shares of the Company's common stock, and an earn-out equal to varying percentages of gross revenues based on the level of revenue from contracts with an identified group of potential customers. Formed in 2009, LTAS develops and sells advanced surveillance solutions including aerial and land based systems to U.S. and international governments and commercial customers. Currently fielded LTAS systems include advanced tactical aerostat systems and various land based systems using telescoping and pneumatic masts and poles. LTAS is currently providing systems for various government evaluation programs intent on supporting the warfighter and improving their field capabilities. WSGI President and CEO, Glenn Estrella, stated "We are confident the acquisition of LTAS will improve our position as a leader in the tactical aerostat market and allow us to further enhance our Blimp in a Box aerostat system. The acquisition is another significant step in the Company's overall strategic plan, and for the first time, WSGI will have in-house technical expertise and operational capabilities. We are focused on the revenue generation potential of the combined company given LTAS' existing government and commercial customer relationships and new product offerings. Furthermore, with the integration of our subsidiary Global Telesat's satellite based capabilities, we can aggressively market our tactical surveillance systems to the growing global customer base demanding low cost, persistent ISR". LTAS will operate as a wholly owned subsidiary of WSGI and retain its staff and office in Jacksonville, FL. For additional information on LTAS, please visit www.LTAScorp.com. For additional information on WSGI, please visit www.WSGI.com. About World Surveillance Group Inc. World Surveillance Group Inc. (OTCQB: WSGI) designs, develops, markets and sells autonomous, lighter-than-air advanced aerostats and UAS capable of carrying payloads that provide persistent intelligence, surveillance and reconnaissance ("ISR"), security and/or wireless communications solutions at low and mid altitudes. WSGI's aerial assets are designed for integration with electronics systems and other high technology payloads for use by government-related and commercial entities that require real-time ISR or communications support for military, homeland defense, border control, drug interdiction, natural disaster relief, maritime and environmental missions. For more information regarding WSGI, please visit www.wsgi.com, or view our reports and filings with the Securities and Exchange Commission on http://www.sec.gov. Forward-Looking Statements Certain statements in this release constitute forward-looking statements. These statements include the entire discussion relating to the acquisition and integration of LTAS, including but not limited to, the synergies or benefits that may result from the LTAS acquisition, the ability to integrate the products or operations of LTAS and/or GTC to provide complete solutions or otherwise, the ability to capitalize on commercial demand for low cost, persistent ISR, the ability of the combined entity to leverage relationships with the U.S. government or other customers to attain contracts or increase revenues, whether or not the acquisition will be accretive to WSGI's financial results immediately or in the future, the revenues, cash flows and financial condition of LTAS in any future period, the strength of LTAS' pipeline, the Company's position in the tactical aerostat market, the further advancement, development or commercialization of the Company's or LTAS' products, the capabilities, characteristics and advantages of, and costs related to, the Company's and LTAS' technology, products and services, the ability of the Company or LTAS to secure business with new customers or leverage existing customers to grow revenues, and the ability of the Company to execute on its strategies or to accomplish any of its goals or objectives. The words "forecast", "project," "intend", "expect", "plan, " "should", "would", and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors, any of which could cause the Company to not achieve some or all of its goals or the Company's previously reported actual results, performance (finance or operating) to change or differ from future results, performance (financing and operating) or achievements, including those expressed or implied by such forward-looking statements. The Company assumes no, and hereby disclaims any, obligation to update the forward-looking statements contained in this press release. Contact: World Surveillance Group Inc. 321-452-3545 Barbara M. Johnson investors@wsgi.com
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1145254-000114420406031639-ex99-6
EX-99.6 7 ex99-6.htm EX-99.6 Exhibit 99.6 December 28, 2004 Joel Bernstein, Esq. 2666 Tigertail Avenue Suite 104 Miami, FL 33133 Dear Mr. Bernstein: This will confirm the terms under which you will be paid for providing legal services in connection with our acquisition of Ariel Way, Inc. We have agreed that upon our acquisition of such firm you shall be issued 499,341 shares of our common stock which shall be registered on Form S-8 prior to issuance and shall not be subject to restrictions on transfer. If such acquisition is not completed no fee shall be due you. You have represented to us that you will be receiving no payment from Ariel Way, Inc. in connection with this matter. If the foregoing accurately sets forth the full and complete terms of our agreement with regards to the foregoing fees, please so confirm by signing in the place indicated below and returning to me at which time this shall constitute a legally binding agreement between you and the Company. Yours very truly, NETFRAN DEVELOPMENT CORP. By:s/ Elliot Krasnow, President THE ABOVE IS CONFIRMED: s/Joel Bernstein
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1002663-000114036107015325-ex99_1
EX-99.1 3 ex99_1.htm EXHIBIT 99.1 ex99_1.htm Photon Dynamics Acquires Salvador Imaging Companies Join Forces to Serve High-Performance Imaging Markets In Military, Medical, Industrial and Security Sectors SAN JOSE, Calif., July 30, 2007 - Photon Dynamics, Inc. (NASDAQ: PHTN), a leading global supplier of integrated yield management solutions for the flat panel display market, and privately held Salvador Imaging, an international supplier of high-performance digital cameras, announced today that Photon Dynamics has acquired all of the outstanding shares of Salvador Imaging in exchange for approximately $20,000,000, of which $8 million is in cash and the balance in Photon Dynamics common stock. Salvador Imaging will be operated as a wholly owned subsidiary of Photon Dynamics and employees of Salvador Imaging will become employees of Photon Dynamics. David Gardner, founder and CEO of Salvador Imaging, will be president of the subsidiary. On April 23, 2007, Photon Dynamics entered into a joint venture agreement with Salvador Imaging. The joint venture resulted in the formation of Salvador Systems LLC, a Photon Dynamics Company, which was formed to address low light visible digital imaging applications in the defense and security markets, and unique inspection capabilities in industrial applications. Salvador Systems combined the digital imaging core competencies of both Photon Dynamics and Salvador Imaging in order to provide highly sensitive color and monochrome cameras that can be used to provide persistent 24-hour surveillance capabilities from full daylight to starlight (night vision) conditions for the military and security markets. Under terms of the definitive merger agreement announced today, the current joint venture and licensing agreements will dissolve and Salvador Systems LLC will be absorbed into the acquisition of Salvador Imaging. Jeffrey Hawthorne, president and chief executive officer of Photon Dynamics, said, "The benefits of the acquisition of Salvador Imaging are clear and immediate. Photon will own all of Salvador's Imaging capabilities which we believe will provide more immediate revenue for the Company and expand the addressable markets for additional growth potential". Photon Dynamics noted that Salvador Imaging brings a background of over 20 years in combining speed and dynamic range, deep experience with nearly all CCD sensor manufacturers and a reputation for knowledge in both camera and sensor design. The acquisition of Salvador Imaging expands Photon Dynamics' addressable markets by providing access to advanced digital camera technology to address all visible and near infrared imaging applications in · Defense · Homeland security · Surveillance · Industrial machine vision, and · Medical / Dental Hawthorne added, "Advanced digital imaging is a core technology for Photon Dynamics' flat panel yield-management equipment. By combining our imaging and manufacturing knowledge with Salvador's expertise in developing high-performance cameras, we can utilize our technology to address markets outside of the flat panel display market. We could not ask for a better team than Salvador Imaging, and we look forward to the contributions the company will bring to Photon Dynamics". About Photon Dynamics, Inc. Photon Dynamics, Inc. (PDI) is a leading global supplier of integrated yield management solutions for the flat panel display market. Utilizing the Company's advanced digital imaging technology, PDI develops systems that enable flat panel display manufacturers to collect and analyze data from the production line, and quickly diagnose and repair process-related defects, thereby allowing manufacturers to decrease material costs and improve throughput. The Company's customers use its systems to increase manufacturing yields of high performance flat panel displays used in a number of products, including notebook and desktop computers, televisions and advanced mobile electronic devices such as cellular phones, personal digital assistants and portable video games. Its test and repair systems are used by manufacturers to collect data, analyze product quality and identify and repair product defects at critical steps in the active matrix liquid crystal display manufacturing process. Founded in 1986, Photon Dynamics is headquartered in San Jose, California with sales and customer support offices in Beijing, China; Seoul, Daejeon, Gumi, and Cheonan, Korea; Hsinchu, Tainan, and Taichung, Taiwan; and Tokyo and Tsu, Japan. The Company's common stock is publicly traded on the NASDAQ Global Market (NasdaqGM:PHTN - News). For more information about Photon Dynamics, visit its website at www.photondynamics.com . About Salvador Imaging Salvador Imaging, headquartered in Colorado Springs, CO, designs and manufactures high-performance digital imaging products for medical, industrial and military applications. Products and services include a line of standard products as well as custom image sensor and digital camera design. For more information about Salvador Imaging, visit its website at www.salvadorimaging.com . "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995 Certain statements in this press release are forward-looking statements. These forward-looking statements are based on current expectations on the date of this press release and involve a number of uncertainties and risks. These uncertainties and risks include, but are not limited to, the risk that the acquisition of Salvador Imaging may not achieve the anticipated objectives, that new products may not be successfully developed, that the integration of the two companies may not proceed as planned, and that key employees may not continue with the combined company. As a result, Photon Dynamics' actual results may differ substantially from expectations. For further information on risks affecting Photon Dynamics, refer to the section entitled "Management's Discussion and Analysis of Financial Condition and Results of Operations" under the caption "Factors Affecting Operating Results" in Photon Dynamics' Annual Report on Form 10-K for the year ended September 30, 2006 as filed with the Securities and Exchange Commission. Photon Dynamics undertakes no obligation to update or revise any forward-looking statements whether as a result of new developments or otherwise. # # #
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1360564-000101968711003360-focus_8k-ex9901
EX-99.1 4 focus_8k-ex9901.htm PRESS RELEASE focus_8k-ex9901.htm Exhibit 99.1 Press Release on Metallum Acquisition dated October 25, 2011 Focus Gold Corp. Announces Closing of Metallum Acquisition and Provides Operational Update to Shareholders RENO, NV, Oct 25, 2011 (MARKETWIRE via COMTEX) -- Focus Gold Corporation (OTCQB: FGLD) (OTCBB: FGLD) is pleased to announce to Shareholders it has completed the acquisition of Metallum Resources and their extensive property package spanning thirty one exploration licenses in Northern Ireland, Scotland and Ireland covering in excess of 388,000 hectares. Acquisition Closed: The agreed Exchange Ratio for each Metallum fully paid Share at GBP Stg 0.10/Metallum Share is 0.325 Focus Gold Shares and was overwhelmingly approved by Metallum's Shareholders with over 98% Shareholders approving the transaction. Grant White, CEO of Focus, commented: "Now that we have completed our transaction with Metallum we can build on the progress we have made pre-closing, having already lent them significant capital which has been used for exploration, and start executing on the original plan as outlined in our Press Release August 8th, 2011." The press release can be viewed here: Metallum Acquisition Overview PR. Mr. White went on to say: "We feel these properties complement our existing portfolio in Mexico and Canada both geologically and geographically and offer significant upside to shareholders through exploration and development". Operational progress: Currently the Company has received several proposals to provide financing to the Company. Focus' CEO stated: "Right now we are deciding between several financing proposals by interested parties regarding a dilution minimizing mechanism until the company is more appropriately valued, at which time the company will look to finance through a more traditional equity offering. This will most likely coincide with the execution of a TSX Venture Exchange strategy, further outlined below". The Company is also in the latter steps in implementing a TSX Venture Exchange strategy with further details being available within 10-15 business days. Focus' CEO Grant White commented: "The single biggest catalyst for Focus will no doubt be structuring the assets of Focus on a world-class mining exchange allowing us to be more nimble in raising capital and at better prices. Based on my significant institutional investor meetings globally over the past six months, I am confident we will see an increase in interest from Institutional Investors. All of this, in conjunction with the great progress we have made this year, should combine for a significant upward revaluation of our underappreciated assets in the near-term". About Focus Gold Corporation: Focus Gold acquires and develops gold mining projects around the world. Focus Gold's current projects include the multiple Nayarit claims with a copper-gold porphyry system in Mexico through the company's wholly owned subsidiary Focus Gold Mexico Corp., two properties in the Timmins Mining District in Canada through an option agreement with Victoria Gold, and the acquisition of Metallum Resources PLC, holder of exploration licenses in Northern Ireland, Republic of Ireland and Scotland through the company's wholly owned subsidiary, Focus Celtic Gold Corporation. For further information please visit www.focusgoldcorp.com. Company Contact: Focus Gold Corporation Grant White CEO (416) 593-8034 ext. 2115 Investor Relations: Desert Son (623) 465-0844 Circadian Group Tyler M. Troup, B.Comm Managing Director Email: Tyler@Circadian-Group.com Toll Free: 1-866-865-2780
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794367-000079436706000102-exhibit99050106
EX-99.1 3 exhibit99050106.htm PRESS RELEASE Exhibit 99 Exhibit 99.1 Federated Completes Second Credit Card Receivables Transaction with Citigroup CINCINNATI--(BUSINESS WIRE)--May 1, 2006--Federated Department Stores, Inc. (NYSE:FD)(NYSE Arca:FD) today announced it has completed a second transaction related to its previously announced sale of Federated and May Department Stores Company credit card receivables to Citigroup. Today's transaction, covering receivables that Federated has repurchased from General Electric Capital Corporation entities, yielded a pre-tax gain of approximately $179 million ($112 million after tax). These proceeds will be used to repay short-term debt associated with Federated's acquisition of May Company, which was completed on Aug. 30, 2005. Under the terms of an agreement announced in June 2005, Citigroup will purchase all Federated and May Company credit receivables in several separate transactions at a premium of approximately 11.5 percent. In total, these transactions are expected to produce after-tax proceeds of approximately $4.6 billion. A first transaction completed in October 2005, which included Federated's owned proprietary credit and Visa receivables, yielded after-tax proceeds of approximately $2.7 billion after eliminating approximately $1.2 billion of outstanding receivables-backed debt. In addition, prior to Aug. 30, 2006, Federated will sell to Citigroup the May Company credit portfolio, which included approximately $1.8 billion in receivables at Jan. 28, 2006. Federated's Financial, Administrative and Credit Services (FACS) division, headquartered in suburban Cincinnati, will continue to manage key customer service functions, and no job losses are expected as a result of the transactions. No changes are planned to Federated's loyalty reward programs, and customers should continue to use their cards in the same manner as they do today. All statements in this press release that are not statements of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based upon the current beliefs and expectations of Federated's management and are subject to significant risks and uncertainties. Actual results could differ materially from those expressed in or implied by the forward-looking statements contained in this release because of a variety of factors, including conditions to, or changes in the timing of, proposed transactions, prevailing interest rates, competitive pressures from specialty stores, general merchandise stores, manufacturers' outlets, off-price and discount stores, new and established forms of home shopping (including the Internet, mail-order catalogs and television) and general consumer spending levels, including the impact of the availability and level of consumer debt, the effect of weather and other factors identified in documents filed by the company with the Securities and Exchange Commission Federated, with corporate offices in Cincinnati and New York, is one of the nation's premier retailers, with fiscal 2006 sales expected to be more than $27 billion. Federated operates more than 850 department stores and more than 720 bridal and formalwear stores in 49 states, the District of Columbia, Guam and Puerto Rico under the names of Macy's, Bloomingdale's, Famous-Barr, Filene's, Foley's, Hecht's, Kaufmann's, Lord & Taylor, L.S. Ayres, Marshall Field's, Meier & Frank, Robinsons-May, Strawbridge's, The Jones Store, David's Bridal, After Hours Formalwear and Priscilla of Boston. The company also operates macys.com and Bloomingdale's By Mail. (NOTE: Additional information on Federated, including past news releases, is available at www.fds.com/pressroom) CONTACT: Federated Department Stores, Inc. Media - Jim Sluzewski, 513-579-7764. Investor - Susan Robinson, 513-579-7780. . SOURCE: Federated Department Stores, Inc.
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1725255-000110465920002029-tm201313d1_ex99-1
EX-99.1 2 tm201313d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 FOR IMMEDIATE RELEASE ADAPTHEALTH CORP. ACQUIRES PATIENT CARE SOLUTIONS BUSINESS FROM MCKESSON CORPORATION NAMES RODNEY CARSON PRESIDENT OF ADAPTHEALTH PATIENT CARE SOLUTIONS Plymouth Meeting, PA - January 3, 2020 - AdaptHealth Corp. (NASDAQ: AHCO) ("AdaptHealth") , the third largest provider of home medical equipment ("HME") in the United States, announced today that it has closed the previously announced acquisition of the Patient Care Solutions business from McKesson Corporation and named healthcare industry veteran Rodney Carson, as President of the newly-formed AdaptHealth Patient Care Solutions ("AdaptHealth PCS"). The PCS acquisition adds urological and ostomy products to AdaptHealth's HME product portfolio and increases the company's footprint in areas such as wound care, breast pumps, incontinence supplies, and diabetic care. Mr. Carson brings nearly two decades of healthcare operations experience to AdaptHealth PCS. He most recently served as President and CEO of CCS Medical, one of the country's leading providers of home medical supplies. Prior to CCS, Mr. Carson was President of Operations of MDLIVE, a national provider of telemedicine services, as well as EVP of Operations at NationsHealth, and President of Liberty Medical Supply. "We believe that AdaptHealth PCS is an important component of AdaptHealth's continued expansion of its HME supply business and will allow AdaptHealth to further enrich our product portfolio and offer our patients, healthcare professionals and commercial payor partners a truly robust suite of products", said Luke McGee, CEO of AdaptHealth. "Rodney is an experienced, proven and creative leader who brings to AdaptHealth PCS a record of success in building businesses, enhancing customer experiences, and driving operational efficiencies. He is an ideal choice to help implement our growth strategies and we are excited to welcome him to our team". "I am honored to be joining AdaptHealth to lead the Patient Care Solutions business at this important moment in the company's history", said Mr. Carson. "I believe the company is well-positioned to successfully execute its role as a full-service provider of home medical equipment and supplies that places the highest priority on its patients and partners". About AdaptHealth Corp . AdaptHealth Corp. ("AdaptHealth") is the third largest provider of home medical equipment in the United States. AdaptHealth provides a full suite of medical products and solutions designed to help patients manage chronic conditions in the home, adapt to life and thrive. Product and services offerings include sleep therapy equipment (CPAP and BiPAP machines and supplies), respiratory equipment (including oxygen, invasive and non-invasive ventilation), mobility equipment, wheelchairs, walkers, and hospital beds. AdaptHealth also provides custom bracing services, hospice focused HME services, wound therapy and nutritional HME services. The company is proud to partner with an extensive and highly diversified network of referral sources, including acute care hospitals, sleep labs, pulmonologists, skilled nursing facilities, and clinics. AdaptHealth services beneficiaries of Medicare, Medicaid and commercial insurance payors. As of September 30, 2019, AdaptHealth services over one million patients annually in 49 states through its network of 189 locations. Learn more at www.adapthealth.com . Forward-Looking Statements This press release includes certain statements that are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as "believe," "may", "will", "estimate", "continue", "anticipate", "intend," "expect", "should", "would", "plan", "predict", "potential," "seem", "seek", "future", "outlook", and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding projections, estimates and forecasts of revenue and other financial and performance metrics and projections of market opportunity and expectations. These statements are based on various assumptions and on the current expectations of AdaptHealth Corp. management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on, by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of AdaptHealth Corp. These forward-looking statements are subject to a number of risks and uncertainties, including the outcome of judicial and administrative proceedings to which AdaptHealth Corp. may become a party or governmental investigations to which AdaptHealth Corp. may become subject that could interrupt or limit AdaptHealth Corp.'s operations, result in adverse judgments, settlements or fines and create negative publicity; changes in AdaptHealth Corp.'s clients' preferences, prospects and the competitive conditions prevailing in the healthcare sector. A further description of such risks and uncertainties can be found in AdaptHealth Corp.'s filings with the Securities and Exchange Commission. If the risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that AdaptHealth Corp. presently knows or that AdaptHealth Corp. currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect AdaptHealth Corp.'s expectations, plans or forecasts of future events and views as of the date of this press release. AdaptHealth anticipates that subsequent events and developments will cause AdaptHealth Corp.'s assessments to change. However, while AdaptHealth Corp. may elect to update these forward-looking statements at some point in the future, AdaptHealth Corp. specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing AdaptHealth Corp.'s assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements. Contact: AdaptHealth Corp. The Equity Group Inc. Brittany Lett Devin Sullivan Vice President, Marketing Senior Vice President (909) 915-4983 (212) 836-9608 blett@adapthealth.com dsullivan@equityny.com Kalle Ahl, CFA Vice President (212) 836-9614 kahl@equityny.com
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1292055-000114420414034030-v379983_ex99-1
EX-99.1 4 v379983_ex99-1.htm EX-99.1 Exhibit 99.1 PRESS RELEASE Contact: Symmetry Medical Inc. Fred L. Hite Senior Vice President Chief Financial Officer (574) 371-2218 Investors: The Ruth Group Zack Kubow (646) 536-7020 zkubow@theruthgroup.com Symmetry Medical Divests UK based Clamonta Ltd. Subsidiary . Remains committed to Aerospace market with forging & machining at Lansing, MI and Sheffield, UK facilities . Updates 2014 guidance reflecting discontinued operations Warsaw, Indiana, May 22, 2014 - Symmetry Medical Inc. (NYSE: SMA), a leading global source of innovative medical device solutions, including surgical instruments, orthopedic implants, and sterilization cases and trays, announced today the sale of its UK based, Clamonta Ltd. subsidiary, which services the Aerospace machining industry, to The HLD Corporation Ltd. for £0.8 million (approximately $1.3 million). Thomas J. Sullivan, President and Chief Executive Officer of Symmetry Medical, stated, "The sale of our Clamonta Ltd. subsidiary is an appropriate step to focus on our core markets and reduce our manufacturing footprint. While Clamonta had a challenging 2013 and continued to negatively impact our overall profitability, I am proud of the progress made by the local team and believe they and their customers will be best served as part of a new entity. Symmetry remains committed to the Aerospace forging and associated machining segment of the market and will continue to serve Aerospace customers from our Lansing, MI and Sheffield, UK facilities". Fred L. Hite, Senior Vice President and Chief Financial Officer of Symmetry, said, "In 2013, the Clamonta Ltd. subsidiary generated $11.4 million in revenue, and in the first quarter 2014, reported $4.4 million in revenue with a net loss in both periods. With the divestiture, all historical financials will be moved to discontinued operations. Accordingly, we are updating our revenue guidance to reflect the removal of approximately $15 million of 2014 revenue. Neutralized for discontinued operations and the transition of the New Wave product line from Symmetry Surgical, the high-end of our guidance maintains an approximate 5% growth for total Symmetry Medical. On the bottom line, we anticipate approximately $0.16 of unfavorable GAAP earning per share impact related to the divestiture along with approximately $0.02 of favorable impact to as adjusted earnings per share as Clamonta Ltd. was projected to have negative impact on earnings per share for the full year 2014. Once the divestiture related accounting details have been confirmed, we will finalize our GAAP and as adjusted earnings per share guidance in conjunction with our next quarterly results". Financial Guidance The following forward-looking estimates regarding 2014 guidance reflect current market conditions, foreign currency rates and current estimates of divestiture accounting details. Actual results may differ materially, and the Company refers you to forward-looking statements located at the end of the press release. Based on the divestiture of its Clamonta Ltd. subsidiary, the Company is reducing its revenue guidance for the full year 2014. The Company now expects revenue to be in the range of $393 million to $403 million. The Company is assuming a 3% to 4% procedural growth rate in its key orthopedic market as well as a 2% to 3% market growth in its worldwide direct to hospital market. The Company expects full year 2014 GAAP earnings per diluted share to be in the range of $0.12 to $0.18 and full year 2014 as adjusted earnings per diluted share to be in the range of $0.50 to $0.56. The as adjusted earnings per diluted share guidance excludes the impact of amortization of intangible assets and debt issuance costs, loss on divestiture, stock compensation expense, acquisition related costs, severance costs and other one-time expenses. These items are expected to negatively impact full year 2014 GAAP earnings per diluted share by approximately $0.38. Diluted earnings per share - GAAP $0.12 - $0.18 Estimated loss on divestiture ($0.16) Estimated Amortization ($0.14) Estimated stock compensation expense ($0.06) Estimated all other adjustments ($0.02) Diluted earnings per share - as adjusted $0.50 - $0.56 About Symmetry Medical Inc. Symmetry Medical Inc. is a leading global source of innovative medical device solutions, including surgical instruments, orthopedic implants, and sterilization cases and trays. The Company's thousands of Teammates provide design, development and worldwide production capabilities for these products to customers in the orthopedic industry, other medical device markets, and specialized non-healthcare markets. Symmetry's trusted reputation and brands, broad Intellectual Property portfolio and commitment to innovation enable it to collaborate with hundreds of global medical device manufacturers as well as thousands of hospitals to provide solutions for today's needs and tomorrow's growth. As Adjusted Non-GAAP Measures The as adjusted measures shown in this release exclude the impact of amortization of intangible assets and debt issuance costs, loss on divestitures, asset impairment charges, the net gain on insurance proceeds received, unrealized foreign currency impact on an intercompany loan, stock compensation expense, acquisition related costs, facility closure and severance costs, product recall costs and loss on debt extinguishment. These non-GAAP measures are not in accordance with, or an alternative for, GAAP and may be different from non-GAAP measures used by other companies. Management believes these non-GAAP measures improve management's and investors' ability to better compare the company's ongoing financial performance between periods and with other companies. Forward-Looking Statements Statements in the press release regarding Symmetry Medical Inc.'s business which are not historical facts may be "forward-looking statements" that involve risks and uncertainties, within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are predictive in nature and are frequently identified by the use of terms such as "may", "might", "will," "should", "expect", "believe", "anticipate", "plan", "estimate", "intend," and similar words indicating possible future expectations, events or actions. Such predictive statements are not guarantees of future performance, and actual outcomes and results could differ materially from our current expectations. We refer you to the "Risk Factors" and "Forward Looking-Statements" sections in the Company's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission as well as the Company's other filings with the SEC, which are available on the SEC's Web site at www.sec.gov . # # #
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1593195-000159319520000086-a20218k-brcloseprexhibit992
EX-99.2 3 a20218k-brcloseprexhibit992.htm EX-99.2 Document EXHIBIT 99.2 Tribune Publishing Company Announces Closure of BestReviews Sale, Updates Guidance for Q4 and Full Year 2020 and Provides Revenue and Adjusted EBITDA Guidance for 2021 CHICAGO, December 31, 2020 (GLOBE NEWSWIRE) - Tribune Publishing Company (NASDAQ: TPCO) today announced that it has closed the sale of its majority stake in BestReviews to Nexstar Media Group, Inc. (NASDAQ: NXST). BestReviews LLC was owned 60% by Tribune and 40% by its founders, BR Holding Company, Inc. "We are pleased to have closed the BestReviews transaction which strengthens the Company's balance sheet and provides flexibility for our business going forward", said Terry Jimenez, CEO of Tribune Publishing. Tribune Publishing also updated its guidance for Q4 and full year 2020 excluding the impact of BestReviews and released revenue and Adjusted EBITDA guidance for 2021. .For the fourth quarter of 2020 the Company expects to generate a range of $191M-$192M in revenue and $28M-$29M in Adjusted EBITDA .For the full year of 2020 the Company expects to generate a range of $745M-$746M in revenue and $72M-$73M in Adjusted EBITDA .For fiscal year 2021 the Company expects to generate a range of $675M-$690M in revenue and $105M-$113M in Adjusted EBITDA Commenting on the updated guidance for Q4 and full year 2020 and newly announced guidance for 2021, Terry Jimenez said, "We have taken measures throughout 2020 that will have substantial carry-over impacts on 2021, and our guidance reflects those measures. As we continue to execute our digital subscription, advertising and content strategies, we expect to generate substantial year-over-year increases in Adjusted EBITDA next year and create a clear path for long-term strong performance". Cautionary Statements Regarding Forward-looking Statements 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 that are based largely on our current expectations and reflect various estimates and assumptions by us. Forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results and achievements to differ materially from those expressed in such forward-looking statements. Such risks, trends and uncertainties, which in some instances are beyond our control, include, without limitation, the effect of the novel coronavirus ("COVID-19") and related governmental and economic responses; changes in advertising demand, circulation levels and audience shares; competition and other economic conditions; our ability to develop and grow our online businesses; changes in newsprint price and availability; our ability to maintain data security and comply with privacy-related laws; economic and market conditions that could impact the level of our required contributions to the defined benefit pension plans to which we contribute; decisions by trustees under rehabilitation plans (if applicable) or other contributing employers with respect to multiemployer plans to which we contribute which could impact the level of our contributions; our ability to maintain effective internal control over financial reporting; concentration of stock ownership among our principal stockholders whose interest may differ from those of other stockholders; and other events beyond our control that may result in unexpected adverse operating results. For specific risks related to the COVID-19 pandemic, refer to Item 1A. Risk Factors in the most recently filed Quarterly Report on Form 10-Q. For more information about these and other risks, see Item 1A EXHIBIT 99.2 (Risk Factors) of the Company's most recent Annual Report on Form 10-K and in the Company's other reports filed with the Securities and Exchange Commission. The words "believe", "expect", "anticipate", "estimate", "could", "should", "intend", "may", "will", "plan", "seek" and similar expressions generally identify forward-looking statements. However, such words are not the exclusive means for identifying forward-looking statements, and their absence does not mean that the statement is not forward looking. Whether or not any such forward-looking statements, in fact occur will depend on future events, some of which are beyond our control. Readers are cautioned not to place undue reliance on such forward-looking statements, which are being made as of the date of this press release. Except as required by law, we undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Non-GAAP Financial Information Adjusted EBITDA is a financial measure that is not calculated in accordance with U.S. GAAP. Management believes that because Adjusted EBITDA excludes (i) certain non-cash expenses (such as depreciation, amortization, stock-based compensation, and gain/loss on equity investments) and (ii) expenses that are not reflective of the Company's core operating results over time (such as restructuring costs, including the employee voluntary separation program and gain/losses on employee benefit plan terminations, litigation or dispute settlement charges or gains, premiums on stock buyback, impairment, and transaction-related costs), this measure provides investors with additional useful information to measure the Company's financial performance, particularly with respect to changes in performance from period to period. The Company's management uses Adjusted EBITDA (a) as a measure of operating performance; (b) for planning and forecasting in future periods; and (c) in communications with the Company's Board of Directors concerning the Company's financial performance. In addition, Adjusted EBITDA, or a similarly calculated measure, has been used as the basis for certain financial maintenance covenants that the Company was subject to in connection with certain credit facilities. Since not all companies use identical calculations, the Company's presentation of Adjusted EBITDA may not be comparable to other similarly titled measures of other companies and should not be used by investors as a substitute or alternative to net income or any measure of financial performance calculated and presented in accordance with U.S. GAAP. Instead, management believes Adjusted EBITDA should be used to supplement the Company's financial measures derived in accordance with U.S. GAAP to provide a more complete understanding of the trends affecting the business. Although Adjusted EBITDA is frequently used by investors and securities analysts in their evaluations of companies, Adjusted EBITDA has limitations as an analytical tool, and investors should not consider it in isolation or as a substitute for, or more meaningful than, amounts determined in accordance with U.S. GAAP. Some of the limitations to using non-GAAP measures as an analytical tool are: they do not reflect the Company's interest income and expense, or the requirements necessary to service interest or principal payments on the Company's debt; they do not reflect future requirements for capital expenditures or contractual commitments; and although depreciation and amortization charges are non-cash charges, the assets being depreciated and amortized will often have to be replaced in the future, and non-GAAP measures do not reflect any cash requirements for such replacements. The Company does not provide a reconciliation of Adjusted EBITDA guidance due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation, including adjustments that could be made for restructuring and transaction costs, stock-based compensation amounts and other charges reflected in our reconciliation of historic numbers, the amount of which, based on historical experience, could be significant. About Tribune Publishing Company Tribune Publishing Company (NASDAQ: TPCO) is a media company rooted in award-winning journalism. Headquartered in Chicago, Tribune Publishing operates local media businesses in eight markets with titles including the Chicago Tribune, New York Daily News, The Baltimore Sun, Hartford Courant, South Florida's Sun Sentinel and Orlando Sentinel, Virginia's Daily Press and The Virginian-Pilot, and The Morning Call of Lehigh Valley, Pennsylvania. In addition to award-winning local media businesses, Tribune Publishing operates Tribune Content Agency and TheDailyMeal.com. Our brands are committed to informing, inspiring and engaging local communities. We create and distribute content across our media portfolio and offer integrated marketing, media, and business services to consumers and advertisers, including digital solutions and advertising opportunities. Investor Relations Contact: Amy Bullis 312.222.2102 abullis@tribpub.com Media Contact: Max Reinsdorf 847.867.6294 mreinsdorf@tribpub.com Source: Tribune Publishing
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946647-000091431705000256-exhibit99
EX-99 2 exhibit99.txt EXHIBIT 99 ---------- First Defiance Announces Completion of the Acquisition of ComBanc, Inc. DEFIANCE, Ohio, Jan. 21 /PRNewswire-FirstCall/ -- First Defiance Financial Corp. (Nasdaq: FDEF - News) today announced that it has completed the acquisition of ---- ---- ComBanc, Inc. (OTC Bulletin Board: COBI.OB - News) and its subsidiary, The ------- ---- Commercial Bank, through the merger of ComBanc into First Defiance. As a result of the acquisition, First Defiance, the holding company for First Federal Bank of the Midwest, increased its deposits by approximately $166 million and its loans by approximately $116 million. The transaction is expected to add approximately $0.03 per share to earnings in 2005. At December 31, 2004, First Defiance had deposits totaling $797.7 million, loans totaling $881.2 million and assets totaling $1.13 billion. The acquisition expands the First Federal Bank of the Midwest presence in northwest and west central Ohio to 23 banking offices and 29 ATM locations. The four Commercial Bank offices acquired are located in Delphos, Elida and Lima in Allen County, Ohio, which is adjacent to First Defiance Financial Corp.'s northwest Ohio market area. All four offices will be closed on Saturday, January 22 for systems conversion and will open on Monday, January 24 as First Federal Bank offices. The bank managers and customer service representatives will continue to serve bank customers, assisted in the short-term by transition teams from existing First Federal Bank offices. Becky Minnig will manage the Delphos branch at 230 East Second Street; Ginny Kemper will manage the Elida branch at 105 South Greenlawn and Becky Spieles will manage the 2600 Allentown Road and 2285 North Cole Street branches in Lima. "We are delighted to bring our community banking "Customer First" philosophy to our new customers in Delphos, Elida and Lima and to welcome our new associates to the First Federal Bank network", said William J. Small, chairman, president and CEO of First Defiance. "It has been our experience that a high percentage of individual and business customers prefer individual attention combined with a full array of banking products, and look to community banks such as First Federal Bank as the best choice to provide both levels of service", he said. "The acquisition is representative of the way that we want to grow our franchise in northwest Ohio and the surrounding area. It extends our presence to adjacent markets with great potential. We expect to be able to grow both commercial and consumer banking at these new locations, as well as to introduce our insurance and investment planning services", Mr. Small said. First Defiance Financial Corp. also recently announced the planned acquisition of Genoa Savings and Loan, based in Genoa, near Toledo, Ohio. Genoa Savings shareholders approved the transaction on Thursday, January 20, 2005. Pending regulatory approval, acquisition of Genoa Savings is expected to occur in April 2005. As a result of that acquisition, First Federal Bank will operate 25 branches in 12 counties throughout northwest and west central Ohio. About First Defiance Financial Corp. First Defiance Financial Corp., headquartered in Defiance, OH, is the holding company for First Federal Bank of the Midwest and First Insurance & Investments. First Federal operates 23 full service branches and 29 ATM locations in northwest Ohio. First Insurance & Investments is the largest property and casualty insurance company in the Defiance, OH area, specializing in life and group health insurance, financial planning and investments. For more information, visit the company's Web site at http://www.fdef.com. ------------------- Safe Harbor Statement This release may contain forward-looking statements about First Defiance Financial Corp., ComBanc, Inc., The Genoa Savings and Loan Company and/or the combined company within the meaning of Sections 27A of the Securities Act of 1933, as amended, and Rule 175 promulgated thereunder, and 21E of the Securities Exchange Act of 1934, as amended, and Rule 3b-6 promulgated thereunder, that involve inherent risks and uncertainties. This press release may contain certain forward-looking statements with respect to the financial 5 condition, results of operations, plans, objectives, future performance and business of First Defiance Financial Corp., ComBanc, Inc., The Genoa Savings and Loan Company and/or the combined company including statements preceded by, followed by or that include the words or phrases such as "believes", "expects," "anticipates", "plans", "trend", "objective", "continue", "remain" or similar expressions or future or conditional verbs such as "will", "would", "should," "could", "might", "can", "may" or similar expressions. There are a number of important factors that could cause future results to differ materially from historical performance and these forward-looking statements. Factors that might cause such a difference include, but are not limited to: (1) competitive pressures among depository institutions increase significantly; (2) changes in the interest rate environment reduce interest margins; (3) prepayment speeds, loan origination and sale volumes, charge-offs and loan loss provisions; (4) general economic conditions, either national or in the counties in which First Defiance Financial Corp., ComBanc, Inc., The Genoa Savings and Loan Company and/or the combined company do business, are less favorable than expected; (5) political developments, wars or other hostilities may disrupt or increase volatility in securities markets or other economic conditions; (6) changes and trends in the securities markets; (7) legislative or regulatory changes or actions, or significant litigation, adversely affect First Defiance Financial Corp., ComBanc, Inc., The Genoa Savings and Loan Company and/or the combined company or the businesses in which First Defiance Financial Corp., ComBanc, Inc., The Genoa Savings and Loan Company and/or the combined company are engaged; (8) difficulties in combining the operations of ComBanc, Inc., The Genoa Savings and Loan Company and/or other acquired entities and (9) the impact of reputational risk created by the developments discussed above on such matters as business generation and retention, funding and liquidity. We undertake no obligation to release revisions to these forward-looking statements or reflect events or circumstances after the date of this release. Further information on other factors which could affect the financial results of First Defiance Financial Corp. after the merger are included in First Defiance Financial Corp. filings with the Securities and Exchange Commission. These documents are available free of charge at the Commission's website at http://www.sec.gov. ------------------ 6
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921738-000110465918061976-a18-36729_1ex99d1
EX-99.1 5 a18-36729_1ex99d1.htm EX-99.1 EXHIBIT 99.1 PENN NATIONAL GAMING COMPLETES ACQUISITION OF PINNACLE ENTERTAINMENT Accretive Transaction Creates North America's Largest And Most Diversified Regional Gaming Operator Wyomissing, Penn., (October 15, 2018) - Penn National Gaming, Inc. (PENN: Nasdaq) ("Penn National" or the "Company") announced today that it completed its previously announced acquisition of Pinnacle Entertainment, Inc. (PNK: Nasdaq) ("Pinnacle") as well as the related divestitures to Boyd Gaming Corporation (BYD: NYSE) ("Boyd") and the real estate transactions with Gaming and Leisure Properties, Inc. (GLPI: Nasdaq) ("GLPI"). The transaction further enhances Penn National's position as North America's leading regional gaming operator, with 40 facilities in 18 jurisdictions, including Colorado, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Maine, Massachusetts, Mississippi, Missouri, Nevada, New Jersey, New Mexico, Ohio, Pennsylvania, Texas, and West Virginia. In aggregate, Penn National will now operate more than 49,000 gaming machines, 1,200 table games and nearly 9,000 hotel rooms, and employ more than 30,000 team members. The acquisition is expected to be accretive to Penn National's free cash flow per share in the first year after closing with approximately $100 million in expected annual run-rate cost synergies and excluding one-time transaction costs. Timothy J. Wilmott, Chief Executive Officer of Penn National, commented, "Our acquisition of Pinnacle Entertainment marks a significant milestone in Penn National's 24-year history of growth as a public company, which has been predicated on our unwavering commitment to deliver exceptional entertainment to customers, support for the local communities where we operate and enhancement of value for our shareholders. "As the industry leader, Penn National is poised for continued growth with a portfolio of premiere gaming facilities and more than five million active customers in its player rewards database. With the expected incremental free cash flow to be generated from our expanded base of operations, we believe we are well positioned to reduce leverage, evaluate additional accretive strategic growth investments and opportunistically return capital to shareholders. "We are pleased to welcome Pinnacle's team members to Penn National. Our operating teams consistently deliver best-in-market gaming, entertainment and dining experiences for our customers. We expect to realize approximately $100 million in cost-related synergies and expect to generate further revenue synergies through efforts such as monetizing our database; cross marketing our properties; sports wagering; and further leveraging our social gaming platform". TRANSACTION SUMMARY Penn National acquired all of the outstanding shares of Pinnacle through a public company merger for consideration of $20.00 in cash and 0.42 shares of Penn National common stock for each Pinnacle share. In connection with the transaction, Boyd Gaming purchased Pinnacle's gaming operations at Ameristar Kansas City and Ameristar St. Charles in Missouri; Belterra Casino Resort in Indiana; and Belterra Park in Ohio, for approximately $563.5 million in cash, subject to certain customary closing adjustments. In addition, GLPI, a landlord for Penn National and Pinnacle under respective master lease agreements, agreed to amend the terms of the Pinnacle master lease to permit the divestiture of the three Pinnacle properties included in the lease. In connection with the principal transaction, other notable agreements resulted in: · The sale and leaseback of the real estate associated with Penn National's Plainridge Park Casino in Massachusetts for $250 million, which was added to the Pinnacle master lease assumed by Penn National. · The sale of the real estate associated with Pinnacle's Belterra Park to an affiliate of Boyd for approximately $57.7 million through funding provided by GLPI to Boyd. · An amendment to the terms of the Pinnacle master lease to reflect (i) additional annual fixed rent of $25 million in respect of the Plainridge sale leaseback described above and (ii) a $13.9 million increase in annual rent, which will approximate a rent coverage ratio of 1.8x prior to any anticipated synergies (after adjusting for the divestiture of the facilities acquired by Boyd and the Plainridge transaction). · GLPI and Boyd entered into a master lease agreement for the three divested facilities that were previously part of the Pinnacle master lease, pursuant to which Boyd leases the divested real property from GLPI. Concurrent with the closing of the transaction, Penn National entered into an incremental joinder to its existing credit agreement that provides for a $430.2 million senior secured term loan A facility and a $1.1 billion senior secured term loan B facility. The proceeds of these new credit facilities were used to pay the merger consideration, repay certain existing indebtedness of Penn and Pinnacle and to pay related fees and expenses. Goldman, Sachs & Co. LLC acted as financial advisor with assistance from Merrill Lynch Pierce Fenner & Smith Incorporated and Wachtell, Lipton, Rosen & Katz acted as legal advisor to Penn National in connection with the transaction. J.P. Morgan acted as financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to Pinnacle in connection with the transaction. About Penn National Gaming Penn National Gaming owns, operates or has ownership interests in gaming and racing facilities and video gaming terminal operations with a focus on slot machine entertainment. Reflecting the recent completion of the Pinnacle Entertainment transaction the Company now operates 40 facilities in 18 jurisdictions. In total, Penn National facilities feature approximately 49,000 gaming machines, 1,200 table games and approximately 9,000 hotel rooms. The Company also offers social online gaming through its Penn Interactive Ventures division and has leading customer loyalty programs with over five million active customers. Forward-Looking Statements This communication may contain certain forward-looking statements, including certain plans, expectations, goals, projections, and statements about the benefits of the transaction, Penn's plans, objectives, expectations and intentions, and other statements that are not historical facts. Such statements are subject to numerous assumptions, risks, and uncertainties. Statements that do not describe historical or current facts, including statements about beliefs and expectations, are forward-looking statements. Forward-looking statements may be identified by words such as "expect", "anticipate", "believe", "intend", "estimate", "plan", "target", "goal", or similar expressions, or future or conditional verbs such as "will", "may", "might", "should", "would", "could", or similar variations. The forward-looking statements are intended to be subject to the safe harbor provided by Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995. While there is no assurance that any list of risks and uncertainties or risk factors is complete, below are certain factors which could cause actual results to differ materially from those contained or implied in the forward-looking statements including: risks related to the integration of the businesses and assets acquired; potential adverse reactions or changes to business or employee relationships, including those resulting from the completion of the transaction; the possibility that the anticipated benefits of the transaction are not realized when expected or at all, including as a result of the impact of, or issues arising from, the integration of the two companies; risks associated with increased leverage from the transaction; and other factors discussed in the sections entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Penn's and Pinnacle's respective most recent Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K as filed with the SEC. Other unknown or unpredictable factors may also cause actual results to differ materially from those projected by the forward-looking statements. Most of these factors are difficult to anticipate and are generally beyond the control of Penn. Penn undertakes no obligation to release publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events unless required to do so by law. CONTACT: William J. Fair Joseph N. Jaffoni, Richard Land Chief Financial Officer JCIR 610/373-2400 212/835-8500 or penn@jcir.com # # #
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880984-000149315216009213-ex99-2
EX-99.2 3 ex99-2.htm Acorn Energy Moves to Enhance its Consolidated Operating Results via Liquidation of its GridSense® Subsidiary Assets Wilmington, DE, April 21, 2016 - Acorn Energy, Inc. (OTCQB: ACFN) announced today that it has initiated a process to liquidate the assets of its GridSense® subsidiary. Acorn is hosting a conference call today at 1:00 pm ET to address this decision in the context of a refocused corporate strategy (call details below). Jan Loeb, Acorn CEO, commented, "The decision to liquidate GridSense follows a thorough effort by Acorn's management and Board of Directors over the last few months to identify strategic alternatives to improve GridSense's operating and financial performance. The liquidation process is the most immediate path to stem the operating losses and cash drain of the GridSense business. This is a painful decision for all parties, particularly given the dedication and contribution of the GridSense team over the years. "GridSense has industry-leading products, technology and intellectual property that provide significant value to utility companies; however its modest scale - combined with very long utility-industry procurement cycles - required Acorn's ongoing financial support. We are hopeful that the liquidation process will provide a means to place the GridSense team and technology within larger organizations with greater resources and broader reach. We believe this difficult step is in the best interests of GridSense, its employees and customers, as well as Acorn and our various stakeholders. "As CEO, it is my responsibility to take a hard look at each of our portfolio companies and then take appropriate steps to maximize each business's financial performance, future growth potential and value. It's neither fun nor easy but is a discipline that is necessary to return Acorn to profitability. With today's actions, including the strategic partnering of our DSIT business with a leading defense industry company, we have substantially improved Acorn's potential for growth and success". GridSense generated revenue of $2.5 million in 2015 but has not generated profits or positive cash flow in the recent past. GridSense will be reported as a discontinued operation in Acorn's first quarter results. GridSense develops and markets remote monitoring systems for electric utility companies. Its systems are used for outage management, power quality measurement, systems planning, trouble-shooting and maintenance. The company focuses on the detection of problems on power lines and transformers and the prevention of power outages. Its unique solutions are applicable to hundreds of thousands of underground and vault transformers, most of which are approaching or past their life expectancies. Conference Call Details: Date/Time: Today, Thursday April 21 st at 1:00 pm ET Dial In #: 888-243-4451 or 412-542-4135 international Online Reply/Transcript : Audio file and call transcript will be posted to the investor section of Acorn's website as soon as available. About Acorn Energy, Inc. (www.acornenergy.com) Acorn Energy, Inc. is a holding company with two portfolio companies: OmniMetrix™, Inc. ( www.omnimetrix.net ) - a leader and pioneer in machine-to-machine (M2M) wireless remote monitoring and control for pipelines, stand-by generators, cell towers, medical facilities, data centers, public transportation systems, and other critical equipment at federal, state and municipal government facilities. OmniMetrix is a proven solution for making critical systems more reliable, with over 16 years of experience and thousands of monitored assets. DSIT Solutions Ltd. ( www.dsit.co.il ) - develops and produces sonar applications for the defense, HLS, energy and commercial markets. The company employs a world-class multi-disciplinary team of professionals that are skilled in the latest sonar and real-time technologies. DSIT products include: The Shield family of Diver Detection Sonars, Portable Acoustic Ranges, Underwater Acoustic Signal Analysis systems, sonar simulators and trainers and various other products in this field. DSIT is also in the process of developing innovative fiber optic based sensors. Safe Harbor Statement This press release includes forward-looking statement, which are subject to risks and uncertainties. There is no assurance that Company its other stakeholders will see any value from a transfer of the GridSense technology or other assets. There is no assurance that Acorn will be successful in maximizing the value of its operating companies and other assets. A complete discussion of the risks and uncertainties which may affect Acorn Energy's business generally and the businesses of its subsidiaries is included in "Risk Factors" in the Company's most recent Annual Report on Form 10-K as filed by the Company with the Securities and Exchange Commission. Investor Relations Contact: David Collins, William Jones, Helen Sun Catalyst Global 212-924-9800 or acfn@catalyst-ir.com
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1278027-000110465915076743-a15-22521_1ex99d1
EX-99.1 3 a15-22521_1ex99d1.htm EX-99.1 PRESS RELEASE DATED NOVEMBER 2, 2015 Exhibit 99.1 B&G Foods Completes Acquisition of Iconic Green Giant ® Brand Parsippany, N.J., November 2, 2015 -B&G Foods, Inc. (NYSE: BGS) announced that effective today it has completed the acquisition of the iconic Green Giant ® and Le Sueur ® brands, leaders in frozen and canned vegetables, from General Mills, Inc. for the previously announced price of $765 million in cash plus an inventory adjustment at closing of approximately $58 million. B&G Foods projects that the Green Giant and Le Sueur brands will generate on an annualized basis net sales of approximately $550 million, adjusted EBITDA of approximately $95 million to $100 million and earnings per share of approximately $0.60. Because the acquisition was structured as an asset purchase, B&G Foods expects to realize approximately $137 million in tax benefits on a net present value basis. The Green Giant and Le Sueur brands trace their roots to Le Sueur, Minnesota in 1903, and the Minnesota Valley Canning Company. For more than 100 years, fresh and great-tasting Green Giant and Le Sueur vegetables have been grown and picked at the peak of perfection ® in the Valley of the Jolly Green Giant . B&G Foods funded the purchase price, the inventory adjustment at closing, initial working capital requirements and related fees and expenses with additional revolving loans and $750 million of new incremental term loans under its existing credit facility. About B&G Foods, Inc. B&G Foods and its subsidiaries manufacture, sell and distribute a diversified portfolio of high-quality, branded shelf-stable foods across the United States, Canada and Puerto Rico. Based in Parsippany, New Jersey, B&G Foods' products are marketed under many recognized brands, including Ac'cent , B&G , B&M , Baker's Joy , Bear Creek Country Kitchens , Brer Rabbit , Canoleo , Cary's , Cream of Rice , Cream of Wheat , Devonsheer , Don Pepino , Emeril's , Grandma's Molasses , JJ Flats , Joan of Arc , Las Palmas , MacDonald's, Mama Mary's , Maple Grove Farms , Molly McButter , Mrs. Dash , New York Flatbreads , New York Style , Old London , Original Tings , Ortega , Pirate's Booty , Polaner , Red Devil , Regina , Rickland Orchards , Sa-són , Sclafani , Smart Puffs , Spring Tree , Sugar Twin , Trappey's , TrueNorth , Underwood , Vermont Maid , Wright's and now, Green Giant and Le Sueur . B&G Foods also sells and distributes Static Guard, a household product brand. Forward-Looking Statements Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." The forward-looking statements contained in this press release include, without limitation, statements related to the expected impact of the acquisition of the Green Giant and Le Sueur brands, including without limitation, the expected impact on B&G Foods' earnings per share, net sales, adjusted EBITDA and free cash flow, and the expected tax benefits of the acquisition. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of B&G Foods to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe such risks and uncertainties readers are urged to consider statements labeled with the terms "believes", "belief", "expects", "projects", "intends", "anticipates" or "plans" to be uncertain and forward-looking. Factors that may affect actual results include, without limitation: whether and when the required regulatory approvals will be obtained, whether and when the other closing conditions will be satisfied and whether and when the transaction and related financing will close, whether and when the Company will be able to realize the expected financial results and accretive effect of the transaction, and how customers, competitors, suppliers and employees will react to the acquisition. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in B&G Foods' filings with the Securities and Exchange Commission, including under Item 1A, "Risk Factors" in the Company's Annual Report on Form 10-K for fiscal 2014 filed on March 4, 2015 and in its subsequent reports on Forms 10-Q and 8-K. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. B&G Foods undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Contacts: Investor Relations: ICR, Inc. Dara Dierks 866-211-8151 Media Relations: ICR, Inc. Matt Lindberg 203-682-8214
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748790-000121390020011358-ea121551ex99-1_global
EX-99.1 2 ea121551ex99-1_global.htm PRESS RELEASE ISSUED ON MAY 8, 2020 Exhibit 99.1 GLOBAL CLEAN ENERGY HOLDINGS, INC. ANNOUNCES ACQUISITION OF BAKERSFIELD REFINERY BAKERSFIELD, California, May 08, 2020 (GLOBE NEWSWIRE) -- Global Clean Energy Holdings, Inc. (OTC: GCEH) announced that on May 7, 2020, through a subsidiary, it purchased Alon Bakersfield Properties, Inc., a subsidiary of Delek US Holdings, Inc. and the owner of the Alon Bakersfield Refinery. The total cash consideration paid to Delek US Holdings for the purchase was $40 million. Alon Bakersfield Refinery is an existing oil refinery located in Bakersfield, California. Historically, the refinery has produced diesel from crude oil. GCEH will immediately commence retooling the refinery to produce renewable diesel from organic feedstocks such as vegetable oils. The facility, when repurposed as a renewable fuels refinery, will vertically integrate to produce renewable diesel from various feedstocks, including GCEH's patented proprietary fallow land crop varieties of camelina. Traditionally, grown in rotation with wheat, camelina is cultivated as an alternative to fallow so as not to displace or compete with food crops. The balance of feedstock will be provided from various non-petroleum renewable feedstocks, such as used cooking oil, soybean oil, distillers' corn oil, and others. No petroleum processing of any kind will occur hereafter at the refinery, either during or following the retooling effort. Instead, the refinery will be repurposed to become a producer of low-carbon renewable fuels that meet the needs of the California Low Carbon Fuels Standard. Fuels produced from the facility will result in significant reductions of both greenhouse gas (GHG) emissions and local air pollutants like particulate matter. The retooling is expected to take between 18 to 20 months to complete, with the primary work being conducted by union trades through a local Bakersfield EPC contractor, ARB, Inc., a Primoris Services Corp subsidiary (NASDAQ: PRIM). As an existing oil refinery, the refinery already has a significant portion of the necessary equipment in place for the production of renewable diesel. An estimated 100 union tradesmen from a diverse variety of crafts will be used to conduct a full turnaround and refurbishment of the necessary equipment to produce renewable diesel. Following startup, currently anticipated to be in late 2021, the repurposed refinery is expected to supply a meaningful portion of the demand for clean-burning alternative diesel fuels in California. GCEH also announced that it has entered into two credit facilities to finance the work to be provided by ARB, Inc. and other construction companies, the clean-up of the site, the facilities' operating costs, and other project costs during the construction and initial post-construction periods. Strategically located in Bakersfield within a large regional demand center, and only a short distance from the Los Angeles metropolitan area and the San Francisco Bay Area, fuels produced at the site will be available to be blended into the California transportation fuel mix. The blended fuel will reduce the overall GHG emissions and other harmful local pollutants in the San Joaquin Valley and elsewhere in California. GCEH's plan is to have the renewable fuels that are produced at the facility sold to, and thereafter, marketed and distributed through various partnerships, including one with a multi-national oil major. Richard Palmer, Chief Executive Officer of Global Clean Energy Holdings, commented, "We are thrilled to announce this exciting new venture in Bakersfield, California; a venture that leverages the region's core competencies in agriculture and both traditional and alternative energy." Mr. Palmer added, "we expect that this project will be a catalyst for economic development and will generate both direct and indirect job opportunities in Kern County and the region". Forward Looking Statements Certain matters discussed in this press release are "forward-looking statements" of Global Clean Energy Holdings, Inc. (herein referred to as "GCEH", "we", "us", or "our") as that term is defined under the federal securities laws. We may, in some cases, use terms such as "believes", "potential", "continue," "estimates", "anticipates", "expects", "plans", "intends", "may," "could", "might", "will", "should" or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. The forward-looking statements include, but are not limited to, risks and uncertainties relating to the success and timing of the activities required to retool the Bakersfield refinery, the sufficiency of the funding available under the two credit facilities to complete the retooling and the startup of the Refinery, the cost and availability of feedstocks to be used in the repurposed renewable fuels refinery, general economic and business conditions, and other risks described in GCEH's filings with the United States Securities and Exchange Commission. Forward-looking information is based on information available at the time and/or management's good faith belief with respect to future events and is subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the statements. GCEH undertakes no obligation to update or revise any such forward-looking statements to reflect events or circumstances that occur, or which GCEH becomes aware of, after the date hereof, except as required by applicable law or regulation. Contacts investor.relations@gceholdings.com
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1015789-000114420409037579-v154891_ex99-1
EX-99.1 3 v154891_ex99-1.htm Jul 10, 2009, 4:30 p.m. EST ProElite, King of the Cage Close Strict Foreclosure Agreement LOS ANGELES, Jul 10, 2009 (BUSINESS WIRE) -- ProElite, Inc. (OTB:PELE.PK) said today that it has closed a strict foreclosure agreement that returns King of the Cage, the highly successful mixed martial arts brand, to its original owners Terry and Julie Trebilcock. With the agreement, ProElite's outstanding debt to King of the Cage has been satisfied; and King of the Cage, under the leadership of founder Terry Trebilcock, again becomes an independent company with control over its own extensive video library. ProElite CEO Charles F. Champion said that the agreement closed today and that the financial and legal issues between the two entities have been completely resolved. ProElite retains a number of prominent assets including a host of international MMA brands such as Spirit MC, its community-driven interactive broadband entertainment website, and an extensive library of MMA events. SOURCE: ProElite, Inc. Hud Englehart Beacon Advisors, Inc. 312.280.8100
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817979-000110465916143002-a16-17871_4ex99d2
EX-99.2 4 a16-17871_4ex99d2.htm EX-99.2 Exhibit 99.2 FOR IMMEDIATE RELEASE Accuride Completes Sale of Brillion Iron Works · Sale supports Accuride's focus on its core wheel and wheel-end systems businesses EVANSVILLE, Ind. - September 2, 2016 - Accuride Corporation (NYSE: ACW) ("Accuride") - a leading supplier of components to the North American and European commercial vehicle industries - announced that it has sold its Brillion Iron Works ("Brillion") subsidiary to a subsidiary of Metaldyne Performance Group Inc. ("MPG"), a leading provider of highly-engineered components for use in powertrain and suspension applications for the global light, commercial and industrial vehicle markets. Under the purchase agreement, MPG has acquired from Accuride all of the stock of Brillion Iron Works, Inc., a Delaware corporation, for total cash consideration of $14 million. Located in Brillion, Wis., Brillion specializes in the casting design and production of gray, ductile and austempered ductile iron castings for a range of industries, including light vehicle, commercial vehicle, agricultural, construction, oil & gas and mining equipment, among others. "Today's action will enable Accuride to focus completely on our strategic vision to be the premier supplier of wheel-end system solutions to the global commercial vehicle industry", Accuride President and CEO Rick Dauch said. BMO Capital Markets acted as the exclusive financial advisor to Accuride on this transaction. About Brillion Iron Works Located in Brillion, Wis., Brillion Iron Works is one of North America's most versatile iron foundries. Brillion specializes in the casting design and production of gray, ductile and austempered ductile iron products ranging from intricate, thin-walled castings to highly-cored, heavy-sectioned castings. Brillion's casting excellence is relied upon by leaders in a wide range of industries, including the light vehicle, commercial vehicle; agricultural, construction and mining equipment; and others. Brillion ranks among the top ten independent foundries in the United States. Brillion's origins date to 1897, when the predecessor to Brillion Iron Works was organized as a small machine shop making farm tools. In 1900, the plant was relocated to new buildings and the foundry was added. About MPG MPG is a leading provider of highly engineered lightweight components for use in powertrain and suspension applications for the global light, commercial and industrial vehicle markets. MPG produces these precision components and modules using complex metal-forming manufacturing technologies and processes for a global customer base of vehicle OEMs and Tier I suppliers. MPG's metal-forming manufacturing technologies and processes include aluminum die casting, forging, iron casting and powder metal forming as well as advanced machining and assembly. Headquartered in Southfield, Michigan, MPG has a global footprint spanning more than 60 locations in 13 countries across North and South America, Europe and Asia with approximately 12,000 employees. For more information: www.mpgdriven.com. About Accuride Corporation With headquarters in Evansville, Ind., USA, Accuride Corporation is a leading supplier of components to the North American and European commercial vehicle industries. The company's products include commercial vehicle wheels; wheel-end components and assemblies; and specialty cast-iron components for a range of agricultural, construction and mining, and oil and gas equipment applications. The company's products are marketed under its brand names, which include Accuride®, Accuride Wheel End Solutions™, Gunite® and Gianetti Ruote™. Accuride's common stock trades on the New York Stock Exchange under the ticker symbol ACW. For more information, visit the Company's website at http://www.accuridecorp.com. # # #
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"Ind", ".", ",", "USA", ",", "Accuride", "Corporation", "is", "a", "leading", "supplier", "of", "components", "to", "the", "North", "American", "and", "European", "commercial", "vehicle", "industries", ".", "The", "company", "'s", "products", "include", "commercial", "vehicle", "wheels", ";", "wheel", "-", "end", "components", "and", "assemblies", ";", "and", "specialty", "cast", "-", "iron", "components", "for", "a", "range", "of", "agricultural", ",", "construction", "and", "mining", ",", "and", "oil", "and", "gas", "equipment", "applications", ".", "The", "company", "'s", "products", "are", "marketed", "under", "its", "brand", "names", ",", "which", "include", "Accuride", "®", ",", "Accuride", "Wheel", "End", "Solutions", "™", ",", "Gunite", "®", "and", "Gianetti", "Ruote™", ".", "Accuride", "'s", "common", "stock", "trades", "on", "the", "New", "York", "Stock", "Exchange", "under", "the", "ticker", "symbol", "ACW", ".", "For", "more", "information", ",", "visit", "the", "Company", "'s", "website", "at", "http://www.accuridecorp.com", ".", "#", "#", "#" ]
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37808-000095015208002609-l30939aexv99w1
EX-99.1 2 l30939aexv99w1.htm EX-99.1 EX-99.1 Exhibit 99.1 F.N.B. CORPORATION COMPLETES MERGER WITH OMEGA FINANCIAL CORPORATION Hermitage, PA - April 1, 2008 - F.N.B. Corporation (NYSE: FNB), a diversified financial services corporation, today announced that it has completed its merger with Omega Financial Corporation. Shares of Omega Financial Corporation will no longer be listed on the NASDAQ stock exchange. Omega Bank branches will continue to operate, as normal, but under the First National Bank of Pennsylvania name. First National Bank of Pennsylvania now has 220 offices serving commercial and consumer customers in 35 counties in Pennsylvania and Northeast Ohio. Stephen J. Gurgovits, Chairman of F.N.B. Corporation commented, "We are delighted to welcome Omega shareholders as well as customers and employees. This transaction, which is consistent with our strategic long-term plan of partnering with quality organizations possessing a similar culture, will allow us to provide a strong suite of innovative financial service products to our new customers in Central and Northeast Pennsylvania markets and better serve our existing customers through a larger network of locations". The Company is pleased to announce that in conjunction with the completion of the transaction Philip E. Gingerich, D. Stephen Martz and Stanton R. Sheetz have been elected to the Board of Directors of F.N.B. Corporation and Carl H. Baxter, Jodi L. Green, Robert A. Hormell and D. Stephen Martz have been elected to the Board of Directors of First National Bank of Pennsylvania. About F.N.B. Corporation: F.N.B. Corporation, headquartered in Hermitage, PA, is a diversified financial services Corporation with total assets of $6.1 billion at December 31, 2007. F.N.B. Corporation is a leading provider of commercial and retail banking, wealth management, insurance and consumer finance services in Pennsylvania and Ohio, where it owns and operates First National Bank of Pennsylvania, First National Trust Corporation, First National Investment Services Corporation, LLC, F.N.B. Investment Advisors, Inc., First National Insurance Agency, LLC, F.N.B. Capital Corporation, LLC, and Regency Finance Corporation. It also operates consumer finance offices in Tennessee and loan production offices in Tennessee and Florida. Mergent Inc., a leading provider of business and financial information about publicly traded companies, has recognized F.N.B. Corporation as a Dividend Achiever. This annual recognition is based on the Corporation's outstanding record of increased dividend performance. The Corporation has consistently increased dividend payments for 35 consecutive years. The common stock of F.N.B. Corporation trades on the New York Stock Exchange under the symbol "FNB". Investor information is available on F.N.B. Corporation's Web site at www.fnbcorporation.com. # # # Analyst/Institutional Investor Contact: Bartley Parker, CFA 203-682-8250 bartley.parker@icrinc.com Media Contact: Jennifer Reel 724-983-4856 724-699-6389 (cell)
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1301874-000146929912000154-heviex991
EX-99.1 3 heviex991.htm PRESS RELEASE DATED MAY 16, 2012 heviex991.htm Exhibit 99.1 Suite 280, 625 Second Street San Francisco, CA 94158 Tel: (415) 813-5079 PRESS RELEASE Heavy Earth Resources Announces Colombia Acquisition and Provides Operational Update May 17, 2012 - San Francisco, California: Heavy Earth Resources, Inc. ("Heavy Earth" or the "Company") (OTCBB: HEVI), an oil and gas exploration and production company focused on Central and South America, announces an acquisition of the sole issued share of a Barbados based, solely Colombian focused company. The Company also provides an operational update on its current activities, including a withdrawal and transfer agreement and seismic program. Colombia Acquisition Heavy Earth through its subsidiary Deep Core, Inc. has entered into a purchase and sale agreement with Petro Vista Energy Corp. to acquire the sole issued share of Petro Vista Energy Colombia (Barbados) Corp., the operations of which include a working interest in the La Maye E&P Contract located in the Lower Magdalena Valley Basin. Upon the closing of the acquisition of the sole issued share of Petro Vista Energy Colombia (Barbados) Corp., Heavy Earth through its Colombian-based operating subsidiary DCX SAS, entered into a withdrawal and transfer agreement with Korean-based SK Innovation Co. Ltd and Panamanian-based Petroamerica International Corp. for the SSJN-5 E&P Contract in order to direct efforts towards the Company's lower risk exploration opportunities. The acquisition and withdrawal agreements were closed on May 15, 2012. "Taken together, these agreements reflect management's efforts to further focus our subsidiaries on creating shareholder value by acquiring what we believe will be highly probable and profitable working interest assets in regions with proven petroleum geology fundamentals and production track records", said Grant Draper, the Company's Chief Executive Officer. The La Maye Block consists of approximately 68,302 gross acres and is surrounded by analog production, including the productive Cienaga de Oro and Cicuco formations. The Cienaga de Oro formation is sandstone and the Cicuco formation is reefal limestone over and around granite basement highs. Located updip of the Cicuco & Boquete Fields, La Maye's geology is shallow water high porosity sandstone . An exploration well, the Noelia-1 was drilled on the La Maye Block in October of 2009 and is awaiting testing. The Company has identified three additional drilling prospects with multiple additional uphole zones and deeper potential horizons on the La Maye Block. 1 Colombia Operations Update - Recording phase of the new 94 km2 3D seismic program to delineate two primary high-value prospects and multiple potential targets not clearly defined by previous 2D surveys in the northern portion of Morichito Block is finished and processing has commenced - Declaration of Morichito-5 discovery well to be "commercially viable" and commencement of infrastructure development to facilitate the development of production from Morichito-5 discovery well in 1H 2013 About Heavy Earth Resources, Inc. Heavy Earth Resources, Inc. is an oil and gas exploration, development and production company managed by experienced professionals and focused in under-explored regions and basins with proven petroleum geology fundamentals in Central and South America. The Company's shares are listed on the OTC Bulletin Board and OTCQB under the symbol "HEVI". This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and the Company's growth and business strategy. Words such as "expects", "will", "intends", "plans", "believes", "anticipates", "hopes", "estimates", or the negative thereof, and other variations on such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, risks associated with drilling and production programs on the Morichito and La Maye Blocks resulting from geological, technical, drilling, seismic and other unforeseen problems; unexpected results of exploration and development drilling and related activities on the Morichito and La Maye Blocks; continued availability of capital and financing to fund exploration and development drilling activities; increases in operating costs; availability of skilled personnel; unpredictable weather conditions; the impact of political and economic instability in Colombia; the ability to obtain required approvals of regulatory authorities in Colombia; senior management's general inexperience in oil and gas operations in Colombia; members of senior management not being based in Colombia, and other factors listed from time to time in the Company's filings with the Securities and Exchange Commission. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any such statement is based. Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only reserves that comply with the definitions presented at Rule 4-10(a) of Regulation S-X. We use certain terms in this press release that the SEC's guidelines strictly prohibit us from including in filings with the SEC. Examples of such disclosures would be statements regarding "probable", "possible", or "recoverable" "reserves", and "resources" among others. U.S. Investors are urged to consider closely the disclosure in our Current Report on Form 8-K filed on May 16, 2012, and other filings available at www.sec.gov or from us at Heavy Earth Resources, Inc., 625 Second Street, Suite 280, San Francisco, California 94158. For further information, please contact: Grant W. Draper, President and CEO Anthony J. Ives, COO and CFO (415) 813-5079 Email: info@heavyearthresources.com Website: www. heavyearthresources.com 2
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1289863-000093041306001848-c41404_ex99-1
EX-99.1 2 c41404_ex99-1.txt [SMARTPROS LOGO] SMARTPROS COMPLETES ACQUISITIONS OF SKYE MULTIMEDIA, INC. AND SAGE ONLINE LEARNING ACQUISITIONS CREATE OPPORTUNITIES INTO NEW MARKETS AND EXPANDS PRODUCTION CAPABILITIES HAWTHORNE, N.Y. - (PRIMEZONE) - MARCH XX, 2006 - SmartPros Ltd. (AMEX:PED), a leader in the field of accredited professional education and corporate training, today announced that it has completed the acquisitions of Skye Multimedia, Inc., a developer of training and marketing applications for the pharmaceutical industry, and Sage Online Learning, a leading provider of nationally certified online training solutions for the banking, securities and insurance industries. The agreement to acquire Skye Multimedia, Inc. was originally announced on Feb. 14, 2006, and the agreement to acquire Sage Online Learning was originally announced on Feb. 15, 2006. Seth Oberman, currently Vice President of Skye, will become President of SmartPros' new subsidiary following the acquisition, and the other employees of Skye will also join the new subsidiary. Skye will maintain operations in Bridgewater, N.J. Deborah Dilley, the founder and president of Sage Online Learning, will join SmartPros as Director SmartPros Banking. Skye Multimedia was established in 1995 and specializes in developing high-quality, custom interactive marketing and training applications for CD, DVD, Internet and Learning Management Systems. Skye offers a broad range of services including content development, design, animation, audio/video production and application development. Skye's clients are a diverse group of companies from pharmaceutical, financial, technology and other industries. Visit: www.skyemm.com Sage Online Learning's content library will be integrated into SmartPros as part of its core offerings. Sage's library features 58 accredited courses in the areas of banking compliance, general banking, general bank management, insurance, lending, retirement and estate planning, and industry-related sales and service. Courses are accredited by the Institute of Certified Bankers (ICB) and many state insurance departments across the United States. In addition, these courses meet the requirements of the Certified Financial Planner (CFP(R)) Board of Standards, Inc. Visit: www.sageonlinelearning.com ABOUT SMARTPROS LTD. Founded in 1981, SmartPros Ltd. is an industry leader in the field of accredited professional education and corporate training. Its products and services are primarily focused in the accredited professional areas of corporate accounting, financial management, public accounting, governmental and not-for-profit accounting, engineering, and ethics and compliance. SmartPros is a leading provider of professional education products to Fortune 500 companies, as well as the major firms and associations in each of its professional markets. SmartPros provides education and content publishing and development services in a variety of media including Web, CD-ROM and video. Our subscription libraries feature hundreds of course titles and 1,000+ hours of accredited education. SmartPros' proprietary Professional Education Center (PEC) Learning Management System (LMS) offers enterprise distribution and administration of education content and information. In addition, SmartPros produces a popular news and information portal for accounting and finance professionals that services 300,000+ visitors and 100,000+ subscribers per month. Visit: www.smartpros.com SAFE HARBOR STATEMENT 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. FORWARD-LOOKING STATEMENTS IN THIS PRESS RELEASE INCLUDE EXPECTATIONS ABOUT THE EFFECT OF THE ACQUISITION ON SMARTPROS' BUSINESS, OPERATIONS, FINANCIAL CONDITION AND RESULTS OF OPERATIONS. ACTUAL RESULTS MAY DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS IN THIS PRESS RELEASE. SMARTPROS, SKYE MULTIMEDIA, AND SAGE ONLINE LEARNING UNDERTAKE NO OBLIGATION AND DO NOT INTEND TO UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES OCCURRING AFTER THIS PRESS RELEASE. YOU ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE OF THIS PRESS RELEASE. ALL FORWARD-LOOKING STATEMENTS ARE QUALIFIED IN THEIR ENTIRETY BY THIS CAUTIONARY STATEMENT. FOR MORE INFORMATION, PLEASE CONTACT: SMARTPROS LTD. ELITE FINANCIAL COMMUNICATIONS GROUP, LLC Shane Gillispie Dodi Handy VP Marketing Services & eCommerce CEO and President 253-863-8280 407-585-1080 email at shanegillispie@smartpros.com email at ped@efcg.net
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1074909-000101041207000032-ex99press
EX-99 2 ex99press.htm PRESS RELEASE DATED MARCH 19, 2007 Wizzard Closes Acquisition of Libsyn Wizzard Closes Acquisition of Libsyn Monday March 19, 1:15 pm ET PITTSBURGH--(BUSINESS WIRE)--Wizzard Software (OTCBB:WIZD - News) announced today that it has closed its acquisition of Webmayhem, the parent company of Liberated Syndication (Libsyn), the new media company for people to host and distribute podcasts. "We are excited to have closed the acquisition in order to begin collaborating to offer the best podcasting services with the widest catalog of content, as well as to expedite new business opportunities for our partners", said Chris Spencer, Chief Executive Officer of Wizzard. "Libsyn and Wizzard will together provide innovative and exciting services for our users that we believe will revolutionize the way online media is located and consumed. We look forward to working with independent and corporate podcast creators to harness the power of the internet to promote, broadcast and monetize their content". "Wizzard's business expertise, speech technology leadership and resources will provide us with the opportunity to innovate and build the best, most powerful content delivery system on the Internet. In the coming months, we will roll out many new exciting features and programs to benefit the podcasting community", said Dave Chekan, co-founder of Libsyn. "Our podcasters will remain the most important part of Libsyn and we will continue to focus on the same mission we set out on nearly two years ago: to provide the best tools, services and business opportunities for our podcasting customers". As a result of the acquisition, Alan Costilo, a long-time member of Wizzard's Board of Directors, resigned his seat on the Board on March 16th, 2007. As a result of Costilo's resignation, Wizzard's Board of Directors unanimously voted to elect Dave Mansueto from Libsyn to fill the vacancy. "It has been an honor to serve on Wizzard's Board of Directors for the past five years and I am happy to step aside to make room for Mr. Mansueto", said Costilo. "I firmly believe Wizzard has a tremendous opportunity in podcasting and online media and I remain a strong supporter of Wizzard's management and business plan. I intend to remain close and do whatever I can to see this company succeed". "I am proud to be a part of Wizzard's emergence as a leading new media company utilizing its speech technology to offer tremendous value to our customers, advertisers and viewers", said Dave Mansueto. "I am excited to join the Wizzard board of directors as we are in such a unique position to capitalize on the next step in the evolution of online media and I will do everything I can to help realize the Company's goals and objectives". About Wizzard Media Wizzard Media is the world's largest podcasting distribution company. Podcasts are a means for independent and professional content creators to publish audio and video shows for the world to enjoy over the Internet or on mp3 players, such as the Apple iPod. Podcasting is a relatively new phenomenon, but Wizzard Media collectively serves an impressive 60+ million podcast downloads per month through media aggregators like Apple's iTunes and other podcast directories. For more information, please visit http://www.wizzard.tv. Wizzard Media is a division of Wizzard Software (OTCBB:WIZD - News), a leader in speech recognition and text-to-speech technology development. Legal Notice Legal Notice Regarding Forward-Looking Statements: "Forward-Looking Statements" as defined in the Private Securities litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. We disclaim any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions, actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, changes in our business strategies and acts of terror against the United States. Contact: Media Contacts Big Mouth Communications Amy Bonetti, 415-384-0900 amy@bigmouthpr.com OR Susie Marino, 415-613-9138 dearsusan@marino.com OR IR Contacts Arthur Douglas and Associates Art Batson, 407-478-1120 OR IBIS Consulting Group, LLC Dina Lyaskovets or Stephen Lee Gjolme, 949-852-8434
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1017491-000114420411070225-v243228_ex99-1
EX-99.1 2 v243228_ex99-1.htm EXHIBIT 99.1 Unassociated Document Exhibit 99.1 APRICUS BIOSCIENCES LAUNCHES COMMERCIALIZATION ARM WITH DEFINITIVE ACGREEMENT TO ACQUIRE TOPOTARGET USA --First Acquisition by Apricus Bio of an FDA Approved and Marketed US Drug SAN DIEGO, December 16, 2011 -- Apricus Biosciences, Inc. ("Apricus Bio" or the "Company") (Nasdaq: APRI ) announced today a definitive agreement to acquire Topotarget USA, Inc. ("Topotarget USA"), a subsidiary of Topotarget A/S, a public Danish company ("Topotarget A/S"). Topotarget USA owns Totect (Dexrazoxane HCl), the only drug approved by the FDA to treat a potentially serious complication of cancer therapy-the leakage of chemotherapy drugs from veins into surrounding tissues. This complication is known as anthracycline extravasation, and can lead to infections and tissue death. With this acquisition, Apricus Bio will move into the commercialization and sales of oncology and oncology supportive care pharmaceuticals. Topotarget USA has a pre-existing sales infrastructure, sales team, and a revenue-generating product with strong future growth potential. "This is an important step for the Company's drug commercialization process. Since I came on board as the new CEO of Apricus Bio in 2010, the goal has been to advance the Company into a fully commercial pharmaceutical company", said Dr. Bassam Damaj, Chairman, President and CEO of Apricus Bio. "In addition to commercializing products that incorporate our NexACT® technology such as Vitaros® Femprox®, MycoVa® among others, we have also been looking for specific acquisitions that fit into our core focus of adding to our product portfolio, approved, revenue generating drugs. We are pleased to complete the first in what we believe will be a series of acquisitions taking us further into product commercialization and revenue generation, not only in the U.S. but also abroad". To acquire Topotarget USA and its drug, Totect, Apricus Bio has agreed to purchase 100% of the outstanding common stock of that company in exchange for Apricus Bio common stock worth approximately $2 million in upfront payments and up to approximately $2 million more in Apricus common stock if certain milestones are achieved. Following the closing of the transaction contemplated by the Agreement, Apricus Bio, through Topotarget USA, will own all rights to Totect in the U.S. in North America and South America and the respective territories and possessions of the countries in North America and South America. The sale is subject to customary closing conditions and is expected to close by December 31, 2011. About Totect® and the Anthracycline Extravasation Market Totect or Dexrazoxane HCl is used to treat anthracycline extravasation, which is the leaking of chemotherapy from the veins of cancer patients into tissues and other areas of the body. Anthracyclines are among the most used chemotherapy drugs to treat cancer. There are over 500,000 anthracycline infusions in the U.S. every year and if an extravasation that occurs following an anthracycline infusion is left untreated, patients with this condition may risk serious infection, tissue necrosis, or in some cases death. It is estimated that in the U.S., there are approximately 3,500 cancer centers that provide chemotherapy treatments where anthracyclines are administered. Totect, has been on the market in the U.S. since 2007, with 2011 sales estimated to be approximately $2 million. More information on Totect® can be found on www.totect.com. About Apricus Biosciences, Inc. Apricus Bio, a San Diego-based, revenue-generating, specialty pharmaceutical company, with commercial products and a broad pipeline across numerous therapeutic classes. Revenues and growth are driven from the sales of the Company's commercial products and out-licensing in certain territories of its product pipeline and NexACT® technology. The company's pipeline includes Vitaros ® , approved in Canada for the treatment of erectile dysfunction, Totect the only drug approved in the US for the treatment of anthracycline extravasation, as well as compounds in development from pre-clinical through pre-registration, currently focused on Sexual Dysfunction, Oncology, Dermatology, Autoimmune, Pain, Anti-Infectives, Diabetes and Consumer Healthcare. The Company also expects to develop and/or acquire and then bring to market additional pharmaceutical products in areas of care that will benefit patient needs worldwide. For further information on Apricus Bio, visit http://www.apricusbio.com , and for information on its subsidiary please visit http://www.nexmedusa.com . You can also receive information at http://twitter.com/apricusbio and http://facebook.com/apricusbio . About Topotarget A/S Topotarget (NASDAQ OMX: TOPO.CO) is an international biopharmaceutical company headquartered in Copenhagen, Denmark, dedicated to clinical development and registration of oncology products. Topotarget A/S focuses, in collaboration with Spectrum Pharmaceuticals, Inc., on the development in pivotal studies of its lead drug candidate, belinostat, which has shown positive results as a monotherapy treating hematological malignancies and positive results in solid tumors. Belinostat may be used in combination with full doses of chemotherapy, and is in a pivotal trial within PTCL (peripheral T-cell lymphoma). Apricus Bio's Forward-Looking Statement 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, its ability to further develop its and their products such as Vitaros® for erectile dysfunction, Totect for anthracycline extravasation and other products and product candidates, to have its products and product candidates approved by relevant regulatory authorities, to successfully commercialize such products and product candidates, to integrate successfully its acquired companies such as Topotarget USA and other companies, products and technologies and to achieve its development, commercialization and financial goals. 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. Topotarget Safe Harbor Statement This announcement may contain forward-looking statements, including statements about our expectations of the progression of our preclinical and clinical pipeline including the timing for commencement and completion of clinical trials and with respect to cash burn guidance. Such statements are based on management's current expectations and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Topotarget cautions investors that there can be no assurance that actual results or business conditions will not differ materially from those projected or suggested in such forward-looking statements as a result of various factors, including, but not limited to, the following: The risk that any one or more of the drug development programs of Topotarget will not proceed as planned for technical, scientific or commercial reasons or due to patient enrollment issues or based on new information from non-clinical or clinical studies or from other sources; the success of competing products and technologies; technological uncertainty and product development risks; uncertainty of additional funding; Topotarget's history of incurring losses and the uncertainty of achieving profitability; Topotarget's stage of development as a biopharmaceutical company; government regulation; patent infringement claims against Topotarget's products, processes and technologies; the ability to protect Topotarget's patents and proprietary rights; uncertainties relating to commercialization rights; and product liability exposure; We disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, unless required by law. Contacts: Apricus Biosciences, Inc. Edward Cox, V.P. Corporate Development & Investor Relations Apricus Bio, Inc. (858) 848-4249 ecox@apricusbio.com Apricus Bio Investor Relations Paula Schwartz Rx Communications Group, LLC (917) 322-2216 pschwartz@rxir.com
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1018336-000101833606000033-ex991
EX-99 3 ex991.htm EXHIBIT 99 SAILOR PRODUCTIONS INC Information Architects Unveils the Big Network, a Big Entertainment Company Tuesday May 16, 11:30 am ET FT. LAUDERDALE, FL--(MARKET WIRE)--May 16, 2006 -- Information Architects (OTC BB: IACH.OB - News ), a leader in online information solutions, today announced aggressive plans to drive BIG INTERNATIONAL GROUP OF ENTERTAINMENT INC., (Big Entertainment) forward. Big Entertainment is an entertainment entity that was formed to act as a nucleus for five other entertainment based corporations that will create a multi-media "think tank" to compete in the global marketplace. The acquisition of Big Entertainment is a significant part of the company's business plan that will allow them to secure a competitive advantage in the entertainment industry. The first Big Entertainment Company to receive focus is the Big Network. The Big Network was designed specifically as a support entity to enhance the television, animation and publishing companies. Big Network intends to utilize the Internet to market, and in some cases, deliver Big Entertainment's children's books, music publications, new artists on the record label and direct individuals to their themed destinations. The Big Network's main responsibility is to tie all the products and services of the entertainment entities together, all in one location. "It is our plan to create a tight linkage of all our entertainment entities and make them easily accessible to our target market. As we continue to execute our business plans for Big Entertainment, I hope one message is clear, Information Architects is serious in their commitment to provide quality entertainment for the entire family", said Jon Grinter, President of Information Architects. About Information Architects IA ( www.ia.com ) and its affiliates have been developing, delivering and supporting products that fulfill specific needs in a wide variety of industries. These solutions have been delivered over the web and are intended to reach a wider audience that would not normally have access to these services. Through its portfolio of companies IA is able to expand its reach to a larger and more diverse audience. Release Disclaimer The statements contained in this press release contain certain forward-looking statements, including statements regarding Information Architect's expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to Information Architect's management as of the date hereof and actual results may vary based upon future events, both within and without the control of Information Architect's management.
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1598665-000119312517362819-d454840dex991
EX-99.1 2 d454840dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Heritage Acquires Narragansett Bay Insurance to Create Leading Super Regional Personal Lines Insurance Carrier CLEARWATER, Fla., Nov. 30, 2017 - Heritage Insurance Holdings, Inc. (NYSE:HRTG) ("Heritage" or the "Company"), a property and casualty insurance holding company, today announced the completion of its acquisition of NBIC Holdings, Inc., the parent company of Narragansett Bay Insurance Company ("NBIC"), a leading specialty underwriter of personal residential insurance products and services in states along the Eastern seaboard. Heritage acquired NBIC for $250 million, consisting of $210 million in cash and $40 million in shares of its common stock, subject to post-closing adjustments. The combined entity will be a leading super regional personal lines carrier, with a presence in 11 states and over $900 million of gross premiums written. Heritage expects the transaction to be immediately accretive to earnings per share and ROE. Bruce Lucas, the Company's Chairman and CEO, said, "We are very excited to join forces with NBIC, a seasoned company with a strong track record and talented management team. Completing this acquisition represents a quantum leap forward in executing our geographic diversification strategy. We see an enormous opportunity to leverage our combined platform to accelerate growth along the Eastern seaboard. We expect an approximate increase of 50% in gross premiums written and net income in 2018 as a direct result of this transaction. The new products, partnerships and bundled products that we will gain from the NBIC business make this transformative acquisition an important step in our continued growth. We look forward to working with NBIC's employees and agents for years to come". About Heritage Heritage Insurance Holdings, Inc. is a property and casualty insurance holding company headquartered in Clearwater, Florida. Its subsidiaries, Heritage Property & Casualty Insurance Company, Zephyr Insurance Company and NBIC Holdings, Inc. ("NBIC"), write personal and commercial residential premium through a large network of experienced agents in Florida, Hawaii, North Carolina, South Carolina, Georgia, and Alabama, and, with the acquisition of NBIC, also in Connecticut, Massachusetts, New Jersey, New York and Rhode Island. Heritage Insurance Holdings, Inc. is led by a seasoned senior management team with an average of 30 years of insurance industry experience. About Narragansett Bay Insurance Company Narragansett Bay Insurance Company, headquartered in Rhode Island, offers specialty insurance services and products to homeowners through an extensive network of independent agents along the Eastern Seaboard and actively seeks to insure coastal homeowners. Demotech, an independent financial analysis and actuarial services firm that rates the financial security of property and casualty companies, maintains an "A, Exceptional" Financial Stability Rating (FSR) for NBIC. To find more information on NBIC, visit www.NBIC.com. Forward-Looking Statements Statements in this press release that are not historical facts are forward-looking statements that are subject to certain risks and uncertainties that could cause actual events and results to differ materially from those discussed herein. Without limiting the generality of the foregoing, words such as "may", "will", "expect", "believe," "anticipate", "intend", "could", "would", "estimate", "or "continue" or the other negative variations thereof or comparable terminology are intended to identify forward-looking statements. Forward-looking statements, including, without limitation, the expected benefits of the acquisition, and the anticipated synergies from the acquisition, relate to Heritage's current expectations, beliefs, projections, and similar expressions concerning matters that are not historical facts and are not guarantees of future performance. The risks and uncertainties that could cause our actual results to differ from those expressed or implied herein include, without limitation: the success of the Company's marketing initiatives; inflation and other changes in economic conditions (including changes in interest rates and financial markets); the impact of new federal and state regulations that affect the property and casualty insurance market; the costs of reinsurance and the collectability of reinsurance; assessments charged by various governmental agencies; pricing competition and other initiatives by competitors; our ability to obtain regulatory approval for requested rate changes, and the timing thereof; legislative and regulatory developments; the outcome of litigation pending against us, including the terms of any settlements; risks related to the nature of our business; dependence on investment income and the composition of our investment portfolio; the adequacy of our liability for losses and loss adjustment expense; our ability to build and maintain relationships with insurance agents; claims experience; ratings by industry services; catastrophe losses; reliance on key personnel; weather conditions (including the severity and frequency of storms, hurricanes, tornadoes and hail); changes in loss trends; acts of war and terrorist activities; court decisions and trends in litigation; and other matters described from time to time by us in our filings with the Securities and Exchange Commission, including, but not limited to, the Company's Annual Report on Form 10-K for the year ended December 31, 2016 filed with the Securities and Exchange Commission on March 15, 2017. The Company undertakes no obligations to update, change or revise any forward-looking statement, whether because of new information, additional or subsequent developments or otherwise. Heritage Insurance Holdings Inc. Investor Contact: Steve Martindale, CFO 727-362-7203 smartindale@heritagepci.com Or Joseph Peiso, Investor Relations Director 727-362-7261 jpeiso@heritagepci.com
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797465-000143774918004208-ex_107337
EX-99.1 5 ex_107337.htm EXHIBIT 99.1 ex_107329.htm Exhibit 99.1 FOR IMMEDIATE RELEASE: March 2 , 2018 Stanley Furniture Company, Inc. Investor Contact: Anita W. Wimmer (336) 884-7698 STANLEY FURNITURE ANNOUNCES CLOSING OF SA L E OF SUBSTANTIALLY ALL OF ITS ASSETS High Point, North Carolina, March 2, 2018/ GLOBE NEWSWIRE/ - Stanley Furniture Company, Inc. (Nasdaq-NGS: STLY) announced today that on March 2, 2018, its stockholders approved the previously announced sale of substantially all of its assets to Churchill Downs LLC ("Buyer"), and the Company consummated the sale transaction pursuant to the terms of the asset purchase agreement dated November 20, 2017, as amended on January 22, 2018. The purchase price consisted of approximately $10.8 million in cash, a subordinated promissory note in the principal amount of approximately $7.4 million, and a 5% equity interest in Buyer's post-closing ultimate parent company. The Buyer also assumed substantially all the Company's liabilities. The Company retained certain assets, including cash of approximately $0.8 million (approximately $0.6 million of which is restricted cash), net operating loss carryforwards, and any remaining payments under the Continued Dumping and Subsidy Offset Act. The Company used cash proceeds from the asset sale of approximately $1.3 million to pay the outstanding balance under its credit agreement with Wells Fargo and estimates additional transaction costs for the asset sale of approximately $2.7 million. In connection with the asset sale and consistent with the terms of the asset purchase agreement, the Company is changing its name to HG Holdings, Inc. As previously announced, the Company does not intend to liquidate following the closing of the transaction. The Company 's board of directors will evaluate alternatives for use of the cash consideration, which are expected to include using a portion of the cash to either repurchase Company common stock or pay a special dividend to stockholders and also using a portion of the cash to acquire non-furniture related assets that will allow the Company to potentially derive a benefit from its net operating loss carryforwards. Steven A. Hale II, Chairman of the Board, stated, "We're pleased to close this transaction and thank the many people who contributed to its successful completion. The Company will now be able to focus solely on evaluating alternatives for deploying its cash and potentially deriving a benefit from the Company's net operating loss carryforwards. We look forward to this next chapter in the Company's history". About the Company Stanley Furniture Company, Inc. formerly operated as a leading design, marketing and overseas sourcing resource in the upscale segment of the wood residential furniture market. After the sale of substantially all of its assets on March 2, 2018, the Company is changing its name to HG Holdings, Inc. and will evaluate alternatives for use of its cash. The Company's common stock is traded on the NASDAQ stock market under the symbol STLY. Forward-Looking Statements Certain statements made in this news release are not based on historical facts, but are forward-looking statements. These statements can be identified by the use of forward-looking terminology such as "believes", "estimates", "expects", "may", "will", "should", "could", or "anticipates", or the negative thereof or other variations thereon or comparable terminology. These statements reflect our reasonable judgment with respect to future events and are subject to risks and uncertainties that could cause actual results or outcomes to differ materially from those in the forward-looking statements. Such risks and uncertainties include the costs associated with litigation relating to the asset sale transaction, the occurrence of events that negatively impact the Company's liquidity in such a way as to limit or eliminate the Company's ability to use proceeds from the transaction to fund a repurchase program or pay a special dividend, or an inability on the part of the Company to identify a suitable business to acquire or develop with the proceeds of the transaction, as well as the other risks and uncertainties identified in filings by the Company with the Securities and Exchange Commission, including its periodic reports on Form 10-K and Form 10-Q. Any forward-looking statement speaks only as of the date of this news release and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new developments or otherwise.
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1071411-000135448814000041-fsnn_ex992
EX-99.2 3 fsnn_ex992.htm PRESS RELEASE fsnn_ex992.htm Exhibit 99.2 Fusion Closes on Approximately $44.0 Million of Financing Enables Acquisition of Cloud Services Business NEW YORK, January 6, 2014 - - Fusion (OTCQB: FSNN), an emerging leader in the cloud services market, today announced that on December 31, 2013, it closed several financing transactions aggregating to approximately $44.0 million, comprised of approximately $18.5 million in equity, and $25.5 million in term debt. Fusion raised approximately $18.5 million through a private placement of investment units consisting of Convertible Preferred Securities and Warrants to accredited investors, including all members of Fusion's Board of Directors and members of its Advisory Board. As part of the capital raised in the offering, Matthew Rosen, Fusion's Chief Executive Officer and Marvin Rosen, Fusion's Chairman, exchanged $2.05 million of Company obligations for the investment units sold in the private placement. Fusion received net cash proceeds in the private placement, after giving effect to transaction expenses, of approximately $15.6 million. Aegis Capital Corp. served as lead placement agent. In addition to the equity, Fusion raised $25.5 million through the issuance of 5-year senior notes to Praesidian Capital and Plexus Capital, Fusion's existing lenders. The Company's aggregate net proceeds from these financing transactions was $40.5 million, $32.1 million of which was used to fund its acquisition of the cloud services assets of Broadvox's business services division, with the remainder to be used for acquisition transaction expenses, to advance sales and marketing efforts, and for general corporate purposes. The Broadvox cloud services unit will be integrated into NBS, Fusion's cloud services division. NBS was acquired in October, 2012, and fully integrated by the end of the first quarter of 2013. The addition of NBS' proprietary platform and infrastructure has accelerated Fusion's organic growth and enabled the Company to effectively integrate the current acquisition of Broadvox's cloud services, as well as facilitate future accretive acquisitions. "The strong support we received in the financing from new and existing shareholders, Directors, Advisory Board members, and from financial partners such as Praesidian Capital, Plexus Capital, and several other notable institutions and individuals, reaffirms our confidence that we have the right strategy for growth", said Matthew Rosen, Fusion's Chief Executive Officer. "This financing advances our cloud services strategy with an acquisition that will allow us to rapidly scale, accelerate our organic growth and effectively plan for additional strategic acquisitions as we emerge as a leading provider in the cloud services marketplace", continued Mr. Rosen. 1 Commenting on the transaction, Glenn C. Harrison, Managing Director of Praesidian, said, "Since our initial investment, we have become very familiar with the talented Fusion management team through this acquisition as well as their acquisition of NBS last year, and have found them to be both innovative and experienced. Their success at meeting key goals in 2013 confirms our confidence in what we believe to be a winning strategy and plan". Expanding on Mr. Harrison's comments, Mike Becker, co-founder and Partner of Plexus, said, "We believe this financing strongly reflects our commitment to support Fusion in the execution of its strategy". Further details of the equity financing are contained in Fusion's Current Report on Form 8-K filed today with the SEC. About Fusion Fusion is a leading provider of integrated cloud solutions to small, medium and large businesses. Fusion's advanced, proprietary service platform enables the integration of leading edge solutions in the cloud, including cloud voice, cloud connectivity, cloud storage and security. Fusion's innovative yet proven cloud solutions lower our customers' cost of ownership, and deliver new levels of security, flexibility, scalability and speed of deployment. For more information, please visit www.fusiontel.com. About Praesidian Praesidian Capital partners with small and mid-sized businesses by providing private debt capital. With a focus on its core competency in mezzanine financing, Praesidian invests in established, historically profitable companies often in connection with a management/leveraged buyout, recapitalization or refinancing. Based in New York City, Praesidian manages more than $700 million in committed capital. For more information, visit www.praesidian.com. About Plexus With offices in Charlotte and Raleigh, North Carolina, Plexus manages $255 million and invests in middle market, high growth companies located in the United States. Plexus' capital is most often used to fund growth, acquisitions, leveraged buyouts, management buyouts, and stock repurchases. Prospective portfolio companies have strong management teams, positive cash flow, large market opportunities, and need capital to execute their business plans. Forward Looking Statements: Statements in this press release that are not purely historical facts, including statements regarding Fusion's beliefs, expectations, intentions or strategies for the future, may be "forward-looking statements" under the Private Securities Litigation Reform Act of 1996. Such statements consist of any statement other than a recitation of historical fact and can be identified by the use of forward-looking terminology such as "may", "expect", "anticipate", "intend", "estimate" or "continue" or the negative thereof or other variations thereof or comparable terminology. The reader is cautioned that all forward-looking statements are speculative, and there are certain risks and uncertainties that could cause actual events or results to differ from those referred to in such forward-looking statements. This disclosure highlights some of the important risks regarding the Company's business. The primary risk of the Company is its ability to raise new and continued capital to execute its comprehensive business strategy. There may be additional risks associated with the integration of businesses following an acquisition, concentration of revenue from one source, competitors with broader product lines and greater resources, emergence into new markets, the termination of any of the Company's significant contracts or partnerships, the Company's ability to comply with its senior debt agreements, the Company's inability to maintain working capital requirements to fund future operations or the Company's ability to attract and retain highly qualified management, technical and sales personnel and the other factors identified by us from time to time in the Company's filings with the Securities and Exchange Commission, which are available through http://www.sec.gov. However, the risks included should not be assumed to be the only things that could affect future performance. We may, among other things, also be subject to service disruptions, delays in collections, or facilities closures caused by potential or actual acts of terrorism or government security concerns. Fusion Contact Laura Nadal, 212-389-9720 lnadal@fusiontel.com 2
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720154-000110465921062456-tm2115487d1_ex99-3
EX-99.3 2 tm2115487d1_ex99-3.htm EXHIBIT 99.3 Exhibit 99.3 Inotiv, Inc. Announces Debt Financing and Completion of Acquisitions of HistoTox Labs, Inc. and Bolder BioPATH, Inc. WEST LAFAYETTE, IN , April 30, 2021 - Inotiv, Inc. (NASDAQ:NOTV) (the "Company", "We", "Our" or "Inotiv") , a leading contract research organization specializing in nonclinical and analytical drug discovery and development services, today announced that the Company has secured $28.0 million in debt financing from First Internet Bank of Indiana and completed the previously-announced acquisition of substantially all of the assets of HistoTox Labs, Inc. ("HistoTox Labs") and the acquisition by merger of Bolder BioPATH, Inc. ("Bolder BioPATH"), effective April 30, 2021. The aggregate consideration paid for substantially all of the assets of HistoTox Labs consisted of $22.0 million in cash and the assumption of certain specified liabilities of the seller. The aggregate consideration paid to the shareholders of Bolder BioPATH in the merger consisted of $18.5 million in cash, 1,588,235 Inotiv common shares, and $1.5 million in subordinated notes. "These strategic acquisitions expand our nonclinical pharmacology and histopathology services and augment and extend the effective range of our services from early discovery through preclinical development", said Robert Leasure, Jr., Inotiv's President and Chief Executive Officer. "This will increase the breadth of discovery pharmacology models that we can offer clients pursuing traditional oral small molecule therapies to next generation injectables and gene therapies. By combining these acquisitions with our planned expansion and investments, we are positioned to offer comprehensive laboratory solutions in DMPK and cell & molecular biology, immunohistochemistry and histopathology to clients pursuing preclinical drug safety and efficacy programs". A Current Report on Form 8-K containing further details regarding the debt financing will be filed by Inotiv and made available on the U.S. Securities and Exchange Commission's EDGAR website. About the Company Inotiv, Inc. is a pharmaceutical development company providing contract research services and monitoring instruments to emerging pharmaceutical companies and the world's leading drug development companies and medical research organizations. The Company focuses on developing innovative services supporting its clients' discovery and development objectives for improved decision-making and accelerated goal attainment. The Company's products focus on increasing efficiency, improving data, and reducing the cost of taking new drugs to market. Visit inotivco.com for more information about the Company. This release may contain forward-looking statements that are subject to risks and uncertainties including, but not limited to, risks and uncertainties related to changes in the market and demand for our products and services, the development, marketing and sales of products and services, changes in technology, industry and regulatory standards, the timing of acquisitions and the successful closing, integration and business and financial impact thereof, the impact of the COVID-19 pandemic on the economy, demand for our services and products and our operations, including the measures taken by governmental authorities to address the pandemic, which may precipitate or exacerbate other risks and/or uncertainties and various other market and operating risks, including those detailed in the Company's filings with the U.S. Securities and Exchange Commission. Company Contact Investor Relations Inotiv, Inc. The Equity Group Inc. Beth A. Taylor, Chief Financial Officer Kalle Ahl, CFA (765) 497-8381 (212) 836-9614 btaylor@inotivco.com kahl@equityny.com Devin Sullivan (212) 836-9608 dsullivan@equityny.com
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902270-000110465905042933-a05-15805_1ex99d1
EX-99.1 6 a05-15805_1ex99d1.htm EX-99.1 Exhibit 99.1 FOR IMMEDIATE RELEASE Contact: Gregg Peters 952-944-5600 investor_relations@dept56.com DEPARTMENT 56 ANNOUNCES CLOSING OF ACQUISITION OF LENOX, INC. EDEN PRAIRIE, Minn., September 1, 2005 - Department 56, Inc. (NYSE: DFS), a leading collectible and giftware company, today announced the closing of its acquisition of Lenox, Incorporated, from Brown-Forman Corp. (NYSE: BFB) for approximately $196.5 million in cash which includes a $6.5 million estimated working capital adjustment to the purchase price which will be finalized after closing. Lenox, which generated net sales of approximately $465 million in its most recent fiscal year (ended April 30, 2005), is a leading tabletop, collectible and giftware company. They market fine china, crystal, silver and flatware products under the Lenox, Dansk and Gorham brand names. These products are sold primarily through department and specialty stores, owned retail outlet stores and direct-to-the-consumer through catalogs, direct mail and the Internet. Department 56 has financed the acquisition through new credit facilities arranged through UBS Securities LLC. About Department 56 Department 56, Inc. is a leading collectible and giftware company that recognizes the importance of celebrating life's extraordinary moments - holidays, special days, and every day. Best known for its lighted Village buildings, Snowbabies™ figurines and extensive holiday and special occasion product lines, the Company designs and develops festive giftware with the highest principles of quality and creativity. Department 56 sells its products through approximately 12,500 wholesale customers who operate gift, specialty and department store locations in the United States and Canada, Company-operated retail stores, direct mail catalog companies and international distributors. Through its Time to Celebrate™ division, the Company sells holiday and seasonal giftware assortments direct to consumers at home shows. Time to Celebrate had approximately 1,000 independent sales consultants at the end of 2004. Forward-Looking Statements This press release contains forward-looking statements about the Company's performance based on management's current expectations and assumptions and are not guarantees of future performance. Any conclusions or expectations expressed in, or drawn from, the statements in this press release concerning matters that are not historical corporate financial results are forward-looking statements that involve risks and uncertainties. Actual results may differ materially from forward-looking statements and the assumptions on which they are based. Such statements reflect management's current expectations or beliefs, and are subject to risks and uncertainties that could cause actual results or events to vary from stated expectations, which variations could be material and adverse. Factors that could produce such a variation include, but are not limited to, the following: the risks and uncertainties associated with successfully integrating Department 56, Inc. and Lenox, Inc.; the ability to retain key personnel; the inherent unreliability of earnings, revenue and cash flow predictions due to numerous factors, many of which are beyond the Company's control; developments in the demand for each companies' products and services; relationships with major customers and suppliers; unanticipated delays, costs and expenses inherent in the development and marketing of new products and services; the impact of governmental laws and regulations; and competitive factors. The Company undertakes no obligation to update or publish in the future any forward-looking statements. Also, please read the bases, assumptions and factors set out in Item 7 in the Company's Form 10-K for 2004 dated March 17, 2005, and filed under the Securities Exchange Act of 1934 # # #
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1084869-000108486906000015-pressrls
EX-99 2 pressrls.txt Exhibit 99.1 1-800-FLOWERS.COM(R) Closes Acquisition of Fannie May Confections Brands, Inc., a Multi-Channel Retailer and Manufacturer of Leading Confectionery Brands Including: Fannie May(R), Harry London(R) and Fanny Farmer(R) CARLE PLACE, N.Y.--(BUSINESS WIRE)--May 2, 2006-- Acquisition Expected to Increase Company's Fiscal 2007 Revenues in the Fast Growing Food, Wine and Gift Basket Category to More Than $200 Million 1-800-FLOWERS.COM (NASDAQ: FLWS), a leading multi-channel retailer of thoughtful gifts for all occasions, today announced the closing of its acquisition of Fannie May Confections Brands, Inc., a multi-channel retailer and manufacturer of chocolate and other confections under the well-known Fannie May, Harry London and Fanny Farmer brands. The acquisition, for approximately $85 million in cash, includes a modern 200,000-square-foot candy manufacturing facility in North Canton, Ohio and 52 Fannie May retail stores in the Chicago area, where the chocolate brand has been a tradition since 1920. Fannie May Confections Brands, Inc. generated revenues of approximately $75 million in its most recent fiscal year ended April 30, 2006. Jim McCann, CEO of 1-800-FLOWERS.COM, said, "This acquisition significantly expands our position in the key Food, Wine and Gift Basket category where we are rapidly becoming a leading player. The Fannie May, Harry London and Fanny Farmer names represent premium chocolate brands with a history of very strong customer loyalty. These brands offer a significant opportunity for growth, particularly through the leveraging of our assets and capabilities in the online and direct marketing space as well as into our Bloomnet florist network. The acquisition also brings an experienced and focused management team that can help us grow our business in this important gifting area". The Company said the acquisition is being financed with a bank debt and cash on hand. In its most recent release of its fiscal 2006 third quarter results, the Company said that it expects the financial impact of the acquisition, including operating losses associated with the seasonality of the Fannie May Confections Brands business, and interest expense associated with the debt financing being used, will reduce the Company's fiscal 2006 fourth quarter earnings by approximately $0.02-$0.03 per share. The Company said it expects the acquisition will be accretive to earnings per share in Fiscal 2007. David Taiclet, CEO of Fannie May Confections Brands, said "We are very excited to be joining the 1-800-FLOWERS.COM team. We now we have the opportunity to leverage 1-800-FLOWERS.COM's unique collection of assets, including its more than 15 million customers, its leading online and direct-to-consumer marketing capabilities and its multi-channel fulfillment systems to accelerate the growth of our great confection brands on a national basis". About Fannie May Confections Brands, Inc. The Harry London brand was purchased in 2003 and the Fannie May and Fanny Farmer brands in 2004 by Alpine Confections, Inc., (subsequently renamed Fannie May Confections Brands, Inc.) Alpine Confections, Inc. was named the Candy Industry 2005 Manufacturer of the Year by Candy Industry Magazine in recognition of its growth and achievements in the marketplace. About 1-800-FLOWERS.COM(R) For more than 30 years, 1-800-FLOWERS.COM Inc. - "Your Florist of choice(sm)" - has been providing customers around the world with the freshest flowers and finest selection of plants, gift baskets, gourmet foods and confections, and plush stuffed animals perfect for every occasion. 1-800-FLOWERS.COM(R) offers the best of both worlds: exquisite, florist-designed arrangements individually created by some of the nation's top floral artists and hand-delivered the same day, and spectacular flowers shipped from our growers to your door fresh. Customers can shop 1-800-FLOWERS.COM 24 hours a day, 7 days a week via the phone or Internet(1-800-356-9377 or www.1800flowers.com) or by visiting a Company-operated or franchised store. Sales and Service Specialists are available 24/7, and fast and reliable delivery is offered same day, any day. As always, 100 percent satisfaction and freshness is guaranteed. The 1-800-FLOWERS.COM collection of brands also includes home decor and garden merchandise from Plow & Hearth(R) (1-800-627-1712 or www.plowandhearth.com); popcorn and specialty treats from The Popcorn Factory(R) (1-800-541-2676 or www.thepopcornfactory.com); exceptional cookies and baked gifts from Cheryl&Co.(R) (1-800-443-8124 or wwwcherylandco.com); premium chocolates and confections from Fannie May Confections Brands(R) (www.fanniemay.com and www.harrylondon.com); gourmet foods from GreatFood.com(R) (www.greatfood.com); children's gifts from HearthSong(R) (www.hearthsong.com) and Magic Cabin(R) (www.magiccabin.com) and wine gifts from the WineTasting Network(R) (www.ambrosiawine.com and www.winetasting.com). 1-800-FLOWERS.COM, Inc. stock is traded on the NASDAQ market under ticker symbol FLWS. Special Note Regarding Forward-Looking Statements: A number of statements contained in this press release, other than statements of historical fact, are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the applicable statements. These risks and uncertainties include, but are not limited to: the Company's ability to successfully integrate Fannie May Confections Brands; its ability to achieve forecasted revenue growth, enhanced profitability and other synergistic benefits, including its ability to grow its Food, Wine and Gift Basket revenues to more than $200 million in fiscal 2007; its ability to maintain and enhance its online shopping web sites to attract customers; its ability to successfully introduce new products and product categories; its ability to provide timely fulfillment of customer orders; its ability to cost effectively acquire and retain customers; its ability to compete against existing and new competitors; its ability to cost efficiently manage inventories and general consumer sentiment and economic conditions that may affect levels of discretionary customer purchases of the Company's products. For a more detailed description of these and other risk factors, please refer to the Company's SEC filings including the Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The Company expressly disclaims any intent or obligation to update any of the forward looking statements made in this release or in any of its SEC filings except as may be otherwise stated by the Company. CONTACT: 1-800-FLOWERS.COM Investor: Joseph D. Pititto, 516-237-6131 invest@1800flowers.com or Media: Steven Jarmon, 516-237-4675 sjarmon@1800flowers.com SOURCE: 1-800-FLOWERS.COM Inc.
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1117057-000121390021014630-ea137380ex99-1_planetgreen
EX-99.1 10 ea137380ex99-1_planetgreen.htm PRESS RELEASE, DATED MARCH 9, 2021 Exhibit 99.1 Planet Green Holdings Corp. Enters Into Share Exchange Agreement New York, NY., March 9, 2021 /PRNewswire/-- Planet Green Holdings Corp. (the "Company") (NYSE American: PLAG) announced today that on March 9, 2021, the Company has entered into a Share Exchange Agreement with Jilin Chuangyuan Chemical Co., Ltd. ("Target") and each shareholder of the Target (collectively "Sellers"). Pursuant to the Share Exchange Agreement, the Company will acquire 75% of outstanding equity interests of the Target, a company that researches, develops and manufactures formaldehyde, urea formaldehyde adhesive, methylal and clean fuel products and sells such products in China. Pursuant to the Share Exchange Agreement, the company will issue 3,300,000 shares of common stock of the Company to the Sellers in exchange for the transfer of 75% of the equity interest of the Target. The transaction is subject to closing conditions that are customary for transactions of this type. Forward Looking Statements This news release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "anticipate", "believe", "expect", "estimate", "plan", "outlook", and "project" and other similar expressions that indicate future events or trends or are not statements of historical matters. These statements are based on our management's current expectations and beliefs, as well as a number of assumptions concerning future events. Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside of our control and all of which could cause actual results to differ materially from the results discussed in the forward-looking statements. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements can be found in our reports filed with the Securities and Exchange Commission, which are available, free of charge, on the SEC's website at www.sec.gov. For more information please contact: Ms. Lili Hu Chief Financial Officer Phone: 718 799 0380 Email: hulili@planetgreenholdings.com
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1292900-000095014205002022-ex99_1form8k-071305
EX-99 3 ex99_1form8k-071305.txt EXHIBIT 99.1 EXHIBIT 99.1 FOR IMMEDIATE RELEASE JULY 11, 2005 INTERLINE BRANDS, INC. PROVIDES UPDATED EARNINGS GUIDANCE JACKSONVILLE, Fla., July 11, 2005 / PRNewswire / -- Interline Brands, Inc. (NYSE: IBI) ("Interline" or the "Company"), a national distributor and direct marketer of maintenance, repair and operations (MRO) products, recently announced that it had acquired Copperfield (CCS Enterprises, Inc.), a national distributor and direct marketer of specialty ventilation and chimney maintenance products. The Copperfield acquisition is expected to be accretive to earnings in the fourth quarter of 2005 and Interline Brands therefore projects pro forma net income per diluted share for 2005 of $1.05 - $1.08 for fiscal year 2005. GAAP net income per diluted share for fiscal year 2005 is expected to be $0.84 - $0.87, including estimated transaction costs associated with the Company's secondary offering announced today. For the second quarter of 2005, the Company reaffirms its previous projection of net income per diluted share of $0.24 - $0.26. ABOUT INTERLINE Interline Brands, Inc. is a leading national distributor and direct marketer with headquarters in Jacksonville, Florida. Interline provides maintenance, repair and operations (MRO) products to approximately 150,000 professional contractors, facilities maintenance professionals, hardware stores, and other customers across North America and Central America. SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 The statements contained in this release which are not historical facts are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in, or implied by, forward-looking statements. The company has tried, whenever possible, to identify these forward-looking statements using words such as "projects", "anticipates", "believes", "estimates", "expects", "plans," "intends", and similar expressions. Similarly, statements herein that describe the company's business strategy, outlook, earnings projections, objectives, plans, intentions or goals are also forward-looking statements. The risks and uncertainties involving forward-looking statements include the successful integration of the Copperfield acquisition, the failure to locate, acquire and integrate acquisition candidates, material facilities systems disruptions and shutdowns, the dependence on key employees and certain other risks described in the company's Form 10-K (Commission File No. 001-32380). These statements reflect the company's current beliefs and are based upon information currently available to it. Be advised that developments subsequent to this release are likely to cause these statements to become outdated with the passage of time. The company does not currently intend, however, to update the information provided today prior to its next earnings release. OTHER INFORMATION Interline has provided pro forma net income per diluted share for fiscal year 2005 to exclude the impact of certain transactions and expenses relating to equity offerings. Pro forma net income for 2005 excludes $0.19 per share in charges and expenses arising from a $10.3 million loss on early extinguishment of debt related to the redemption of $70 million of the Company's 11.5% senior subordinated notes that occurred in the first quarter of 2005 using a portion of the Company's IPO proceeds, the interest expense of the redeemed notes and the tax impact of the redemption. In addition, pro forma net income for 2005 excludes expenses to be incurred by Interline relating to its recently announced secondary offering. Such expenses are expected to be $0.7 million to $1.0 million. CONTACT: TOM TOSSAVAINEN PHONE: 904-421-1441
[ "EX", "-", "99", "3", "ex99", "_", "1form8k", "-", "071305", ".", "txt", "EXHIBIT", "99", ".", "1", "EXHIBIT", "99", ".", "1", "FOR", "IMMEDIATE", "RELEASE", "JULY", "11", ",", "2005", "INTERLINE", "BRANDS", ",", "INC", ".", "PROVIDES", "UPDATED", "EARNINGS", "GUIDANCE", "JACKSONVILLE", ",", "Fla", ".", ",", "July", "11", ",", "2005", "/", "PRNewswire", "/", "--", "Interline", "Brands", ",", "Inc", ".", "(", "NYSE", ":", "IBI", ")", "(", "\"", "Interline", "\"", "or", "the", "\"", "Company", "\"", ")", ",", "a", "national", "distributor", "and", "direct", "marketer", "of", "maintenance", ",", "repair", "and", "operations", "(", "MRO", ")", "products", ",", "recently", "announced", "that", "it", "had", "acquired", "Copperfield", "(", "CCS", "Enterprises", ",", "Inc", ".", ")", ",", "a", "national", "distributor", "and", "direct", "marketer", "of", "specialty", "ventilation", "and", "chimney", "maintenance", "products", ".", "The", "Copperfield", "acquisition", "is", "expected", "to", "be", "accretive", "to", "earnings", "in", "the", "fourth", "quarter", "of", "2005", "and", "Interline", "Brands", "therefore", "projects", "pro", "forma", "net", "income", "per", "diluted", "share", "for", "2005", "of", "$", "1.05", "-", "$", "1.08", "for", "fiscal", "year", "2005", ".", "GAAP", "net", "income", "per", "diluted", "share", "for", "fiscal", "year", "2005", "is", "expected", "to", "be", "$", "0.84", "-", "$", "0.87", ",", "including", "estimated", "transaction", "costs", "associated", "with", "the", "Company", "'s", "secondary", "offering", "announced", "today", ".", "For", "the", "second", "quarter", "of", "2005", ",", "the", "Company", "reaffirms", "its", "previous", "projection", "of", "net", "income", "per", "diluted", "share", "of", "$", "0.24", "-", "$", "0.26", ".", "ABOUT", "INTERLINE", "Interline", "Brands", ",", "Inc", ".", "is", "a", "leading", "national", "distributor", "and", "direct", "marketer", "with", "headquarters", "in", "Jacksonville", ",", "Florida", 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"and", "certain", "other", "risks", "described", "in", "the", "company", "'s", "Form", "10", "-", "K", "(", "Commission", "File", "No", ".", "001", "-", "32380", ")", ".", "These", "statements", "reflect", "the", "company", "'s", "current", "beliefs", "and", "are", "based", "upon", "information", "currently", "available", "to", "it", ".", "Be", "advised", "that", "developments", "subsequent", "to", "this", "release", "are", "likely", "to", "cause", "these", "statements", "to", "become", "outdated", "with", "the", "passage", "of", "time", ".", "The", "company", "does", "not", "currently", "intend", ",", "however", ",", "to", "update", "the", "information", "provided", "today", "prior", "to", "its", "next", "earnings", "release", ".", "OTHER", "INFORMATION", "Interline", "has", "provided", "pro", "forma", "net", "income", "per", "diluted", "share", "for", "fiscal", "year", "2005", "to", "exclude", "the", "impact", "of", "certain", "transactions", "and", "expenses", "relating", "to", "equity", "offerings", ".", "Pro", "forma", "net", "income", "for", "2005", "excludes", "$", "0.19", "per", "share", "in", "charges", "and", "expenses", "arising", "from", "a", "$", "10.3 million", "loss", "on", "early", "extinguishment", "of", "debt", "related", "to", "the", "redemption", "of", "$", "70 million", "of", "the", "Company", "'s", "11", ".", "5", "%", "senior", "subordinated", "notes", "that", "occurred", "in", "the", "first", "quarter", "of", "2005", "using", "a", "portion", "of", "the", "Company", "'s", "IPO", "proceeds", ",", "the", "interest", "expense", "of", "the", "redeemed", "notes", "and", "the", "tax", "impact", "of", "the", "redemption", ".", "In", "addition", ",", "pro", "forma", "net", "income", "for", "2005", "excludes", "expenses", "to", "be", "incurred", "by", "Interline", "relating", "to", "its", "recently", "announced", "secondary", "offering", ".", "Such", "expenses", "are", "expected", "to", "be", "$", "0.7 million", "to", "$", "1.0", "million", ".", "CONTACT", ":", "TOM", "TOSSAVAINEN", "PHONE", ":", "904", "-", "421", "-", "1441" ]
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1312206-000114420408067113-v133751_ex99-1
EX-99.1 2 v133751_ex99-1.htm MMC ENERGY, INC. 26 Broadway Suite 960 New York, NY 10004 (212) 977-0900 MMC ENERGY, INC. ANNOUNCES SALE OF EQUIPMENT New York- November 26, 2008-MMC Energy, Inc. (NASDAQ: MMCE) announced today that it signed a definitive agreement to sell its membership interest in MMC Escondido II, LLC, (the "Membership Interest") a wholly-owned subsidiary whose only asset is an agreement to acquire a General Electric LM6000 PC Sprint® turbine for $15.3 million to an affiliate of Wellhead Electric Company, Inc.. The Company continues to own all other assets related to the Escondido peaking facility, including the permit to upgrade that facility. The sale of this Membership Interest will provide the Company with substantial additional near term liquidity and avoid paying costs related to transportation, storage, interest and taxes on the turbine. The Company agreed to acquire the turbine from General Electric for an expected delivery in December 2008 for use at its Escondido Energy Upgrade Project. The Company is in the process of preparing to submit bids for long-term contracts for peaking power for this Upgrade Project, which are likely to commence in 2010, and believes that the disposition of the turbine at this time is a better option than incurring substantial costs to store and maintain the turbine until construction at its Escondido generating site commences. The Company believes that there will be comparable turbines available on a timely basis when required to begin construction. Using the proceeds from the sale, the Company will repay its $3.57 million outstanding equipment loan debt balance with GE Energy Financial Services associated with this turbine, while retaining its loan facility tied to its remaining two LM-6000 turbines on order. The Company expects that the two additional LM6000 turbines that the Company ordered from General Electric for its Chula Vista Upgrade Project will be delivered in March 2009. The Company anticipates that it will receive permits from the California Energy Commission for its re-powering of the Chula Vista site in the first quarter of 2009. Michael Hamilton, CEO of MMC Energy commented, "We continue to believe that our power generation facilities in San Diego carry significant value, given the shortage of new generation throughout the State of California. Given the lengthy permitting process in the State of California, we are confident that significant value has been created at our existing generating sites and intend to upgrade the sites upon receiving long-term contracts for the output from our facilities". About MMC Energy, Inc.: The Company acquires and actively manages electricity generating and energy infrastructure-related assets in the United States. The Company is traded on the NASDAQ Global Market in the United States. The Company's mission is to acquire, directly or through joint ventures, a portfolio of small to mid-size natural gas fueled electricity generating assets, generally below 80 megawatts or "MW". The Company creates long-term value for its shareholders through disciplined asset acquisitions and hands on post-acquisition asset management. The Company has invested in electricity assets which provide essential services to key transmission constrained markets in California, where regulatory capacity requirements and a lack of local electricity supplies make peak electricity generation facilities valuable. To date, the Company has acquired three electricity generating assets in California, totaling 110 MW of capacity. The Company is poised to upgrade two of these assets, the 97 MW MMC Chula Vista Upgrade and the 48.5 MW MMC Escondido Upgrade, both located in San Diego County, California. When completed, the upgrades will add an incremental 89 MWs to this transmission constrained region. Forward Looking Statements: This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934 including anticipated events relating to completion of the Company's current upgrade projects. Although the forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements including, but not limited to, those risks described in the Company's Annual Report on Form 10-K, its most recent prospectus filed with the SEC on November 19, 2007 and in its other public filings. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to update these forward-looking statements. Source: MMC Energy, Inc. Contact: MMC Energy Inc. Denis G. Gagnon, Chief Financial Officer (212) 977-0900 www.mmcenergy.com BPC Financial Marketing Investor Contact: John Baldissera (800) 368-1217
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1355242-000117347309000041-pr
EX-99.3 12 pr.htm PR 060409 pr.htm PRESS RELEASE - FOR IMMEDIATE RELEASE June 3, 2009 SHRINK NANOTECHNOLOGIES ACQUIRES ACCLAIMED NANOTECHNOLOGY BUSINESS FOR $9,000,000 Shrink Nanotechnologies To Commercialize Nanotech Device Platform and Manufacture Diagnostic Polystyrene Devices For Drug Discovery, DNA Research, Immunological and Environmental Testing Assays and Other Devices Based On Metal-Enhanced Fluorescence Nanostructures Carlsbad, California - Shrink Technologies, Inc. ("Shrink Technologies"), a California corporation, has agreed to be acquired in a stock-for-stock transaction by Shrink Nanotechnologies, Inc. (OTCBB: AUIO - News). The transaction closed on May 29, 2009, and as a result, Shrink Technologies, Inc., a California corporation, is now a wholly owned subsidiary of Shrink Nanotechnologies, Inc. ("Shrink"), a Delaware corporation. The transaction purchase price was just under US $9,000,000 and called for Shrink to issue 8,888,888 Shrink common shares, 50 Series C Preferred shares and to add one new person to the Shrink Board of Directors. The closing price of Shrink's stock on the date of the acquisition was $1.01 per share. Shrink has applied for a new trading symbol with FINRA and expects to trade under a new symbol in the coming weeks. Commenting on the acquisition, Shrink CEO Mark L. Baum stated, "We are pleased to have concluded the transaction to acquire Shrink Technologies, a company with a very promising portfolio of licensed technologies which we believe will be impactful in a number of fast growing multi-billion dollar markets. We also welcome to Shrink, a team of world class scientists and technology innovators from some of our Nation's most prestigious academic institutions. Together, we will continue the vision of Dr. Michelle Khine as we aggressively seek to commercialize devices engineered from an innovative manufacturing, prototyping and nano-technology development platform called the Shrink Chip Manufacturing Solution". "The most impressive aspect of the technology we have purchased has been the initial testing results we have seen for our metal-enhanced fluorescence ("MEF") applications. In simple terms, our MEF technology is a marriage of our rapid prototyping methods with cutting-edge advancements in metal-fluorescence enhanced immunoassays. The mission of our MEF Solutions Group is to develop devices based on our patent-pending technologies to significantly enhance existing platforms across a broad spectrum of product categories". "Shrink's MEF applications employ metal-based nanostructures created through Shrink's patent-pending processes in conjunction with standard fluorescence methods to radically enhance the ability of a diagnostic assay to detect interactions at a level of sensitivity which we believe is unparalleled. In essence, many of the potentially exciting interactions that are unable to be seen by today's methods can be visualized by this new MEF technology. This has broad implications in the fields of drug discovery, environmental sensing, medical diagnostics and beyond". "One important use we believe is in the drug discovery industry. The drug discovery process often involves the screening of hundreds of thousands of compounds for highly specific interactions. Only compounds that display high specificity are further investigated for potential therapeutic benefit. With current methods, drug companies are limited by the level of sensitivity of screening assays to detect interactions, thereby excluding potentially groundbreaking drug candidates that escape detection. Shrink's MEF technology, which can be integrated into existing market-leading diagnostic systems, has the potential to identify these missed drug interactions, allowing the drug companies to explore the therapeutic benefit of these candidates". "Shrink's MEF technology can be directed towards clinical diagnostic applications as well. Clinical diagnostic assays are at the frontline for disease diagnosis and treatment. Doctors rely on clinical lab results to detect the early onset of disease which better ensures the efficacy of proposed treatments. However, many diseases are undetectable by current diagnostic methods at onset, often times preceding symptoms and other signs. This is why the healthcare industry has placed such a heavy emphasis on screening and early detection; those patients that are diagnosed earlier more often than not do better than patients that are diagnosed at later stages. With Shrink's MEF technology coupled with next generation diagnostic assays, earlier and more specific detection is be possible. Instead of treating diseases, doctors can focus on preventing them, thereby saving billions of healthcare-related costs and increasing patient's quality of life and morbidity". "We have only begun to touch on the uses for the technologies we have purchased. Beyond diagnostics, our team of product engineers has created prototype products for a number of applications including stem cell research and development tools and custom microfluidic chip prototyping systems. We believe the flexible "wrinkled" substrates we make have the ability to make solar cells more efficient "traps" for light, and our engineers are developing biodegradable plastic lattices for the creation of organ and nerve tissue". "We believe the next chapter in the history of diagnostic technologies has begun. We live in a country that has reset its priorities and has concluded that science and research and development of new and innovative science can make a difference in the lives of our people and can be a significant part of how our country provides global leadership in the coming century. We are inspired by our opportunities and by our national priorities, and we intend to continue to research develop our technologies and products, and to use our vast and growing network of academic and industry contacts to review new products and technologies that may compliment our existing portfolio as we execute on the mission and vision of our new company." About Shrink Nanotechnologies, Inc. Shrink represents the first start-up company from the University of California Merced, and brings together leading scientists, business advisors and an executive team that is dedicated to bringing its exclusively licensed technology to the commercial marketplace. Shrink solutions, including its substrates, devices and research tools are being designed to not only mechanically effective in the solar energy, environmental detection, stem cell and biotechnology markets, they are also being made from biodegradable materials, including corn-based plastics. Shrink has created the Shrink Chip Manufacturing Solution™ which utilizes the unique characteristics of Shrink Chips™. Made from a shrinkable thermo-plastic material, Shrink Chips™ enable complex structures to be designed at the macro-scale, while retaining the original designs on a much smaller scale. Shrink's applications can be designed and prototyped in a few hours and in a cost-effective manner versus conventional methods utilizing silicon or other materials that require costly fabrication equipment and labor intensive processes. Shrink creates features retract uniformly, to a fraction of the original size. Because the patterned features "shrink", Shrink devices do not require high-resolution printing which is otherwise necessary to achieve such fine features. This flexible and elegant design and fabrication solution reduces costs by eliminating the need for expensive clean room equipment and vastly improves time-to-market for products in Shrink's focused market segments. More information about Shrink may be found at www.ShrinkNano.com. Forward-Looking Statements This news 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 that involve risks, uncertainties and assumptions, including statements about the markets for and uses of products described in this press release and other technologies which Shrink Nanotechnologies, Inc. seeks to commercialize. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements as a result of several factors including unanticipated delays in the completion of the commercialization of Shrink Nanotechnologies, Inc.'s products and the market appetite for Shrink's services. The forward-looking statements made herein speak only as of the date of this press release and the company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. Contact: Shrink Nanotechnologies, Inc. Mark L. Baum, Esq., 760-804-8844 x205 mark@shrinknano.com
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1012131-000119312506054392-dex991
EX-99.1 6 dex991.htm PRESS RELEASE Press Release Exhibit 99.1 PRESS RELEASE Contact: Alfred J. Novak, Novoste Corporation Krish Suthanthiran President and Chief Executive Officer President (770) 717-0904 Best Vascular, Inc. Best Medical International, Inc. (703) 451-2378 NOVOSTE AND BEST VASCULAR COMPLETE ASSET SALE TRANSACTION NORCROSS, GA.-(BUSINESS WIRE)-March 9, 2006 - Novoste Corporation (NASDAQ: NOVT) and Best Vascular, Inc. (Best Vascular) jointly announced today the completion of the sale of substantially all of the assets of Novoste's Vascular Brachytherapy (VBT) business to Best Vascular. The two companies had previously announced the transaction on October 12, 2005, and the Novoste shareholders' meeting at which the proposal to approve the transaction was adopted was held on March 7, 2006. The consideration for the sale of the assets by Novoste to Best Vascular was the assumption by Best Vascular of various liabilities of Novoste related to its VBT business. As part of the transaction, Novoste amended its charter to change its corporate name to "NOVT Corporation". Krish Suthanthiran, President of Best Vascular, has commented, "We are very excited about the opportunity that exists for Best Vascular in the VBT market. The acquisition of these assets fits our strategy of providing brachytherapy therapy products across a wide variety of clinical applications. It is of utmost importance that radiation therapy is available to cardiologists and their patients. The Novoste system is the only remaining vascular brachytherapy product on the market and having previously supplied Cordis Corporation, a Johnson & Johnson company with VBT products, we believe we have the capability to assure the continuation of this important therapy in the cardiology market. We remain committed to our radiation oncology customer base and look forward to serving the particular needs of the cardiology community with a therapy that has proven durable results". Best Vascular intends to formally launch its marketing of the Novoste, BetaCath product at a special breakfast symposium on Wednesday, April 5, 2006 beginning at 7:00 a.m. The symposium will be held at the Hyatt Regency Crystal City in Arlington, Virginia in conjunction with the Cardiovascular Revascularization Therapies (CRT) meeting. Sponsored by Best Vascular, the breakfast symposium will update the status of vascular brachytherapy and the BetaCath of Novoste for 2006 and will feature presentations on the treatment of drug-eluting stent restenosis with vascular brachytherapy and five-year clinical follow-up data with the BetaCath system. In addition, discussions on new opportunities for your institution to re-launch the BetaCath system will also take place. Al Novak, President and Chief Executive Officer of Novoste, said "We are pleased that we have completed this transaction with Best Vascular. They have the capability and interest in supplying VBT to those physicians and their patients who have a need for this technology. This transaction was in the best interests of our shareholders by allowing Novoste to be free of its major liabilities associated with the VBT business". About Best Vascular and Best Medical International, Inc. Best Vascular's and Best Medical International, Inc.'s (Best Medical) corporate headquarters are located at 7643 Fullerton Road, Springfield, Virginia. Best Vascular, an affiliate of Best Medical, was established for the purpose of focusing on the vascular brachytherapy business acquired from Novoste. Best Medical is known for its radiation seed products utilizing several different isotopes. Best Medical also has a complete line of catheters, needles, templates and accessories, including custom-designed products. Founded in 1977, Best Medical has pioneered new ideas in brachytherapy, including vascular brachytherapy, and is a leader in the provision of radiation seeds for use by urologists in the treatment of prostate cancer. Best Medical prides itself not only on its very successful product line, but also the ability of its staff to provide superlative service to its customers. Best Medical's mission is to uphold its excellent reputation by consistently exceeding the expectation of those it serves in the healthcare field by developing, manufacturing and delivering cost-effective, high quality products to benefit patients throughout the world. About Novoste (now known as NOVT Corporation) Novoste common stock is traded on the Nasdaq National Stock Market under the symbol NOVT. For general company information, please call (770) 717-0904 or visit Novoste's new website at www.NOVTCorporation.com. ***
[ "EX", "-", "99", ".", "1", "6", "dex991", ".", "htm", "PRESS", "RELEASE", "Press", "Release", "Exhibit", "99", ".", "1", "PRESS", "RELEASE", "Contact", ":", "Alfred", "J", ".", "Novak", ",", "Novoste", "Corporation", "Krish", "Suthanthiran", "President", "and", "Chief", "Executive", "Officer", "President", "(", "770", ")", "717", "-", "0904", "Best", "Vascular", ",", "Inc", ".", "Best", "Medical", "International", ",", "Inc", ".", "(", "703", ")", "451", "-", "2378", "NOVOSTE", "AND", "BEST", "VASCULAR", "COMPLETE", "ASSET", "SALE", "TRANSACTION", "NORCROSS", ",", "GA", ".", "-", "(", "BUSINESS", "WIRE", ")", "-", "March", "9", ",", "2006", "-", "Novoste", "Corporation", "(", "NASDAQ", ":", "NOVT", ")", "and", "Best", "Vascular", ",", "Inc", ".", "(", "Best", "Vascular", ")", "jointly", "announced", "today", "the", "completion", "of", "the", "sale", "of", "substantially", "all", "of", "the", "assets", "of", "Novoste", "'s", "Vascular", "Brachytherapy", "(", "VBT", ")", "business", "to", "Best", "Vascular", ".", "The", "two", "companies", "had", "previously", "announced", "the", "transaction", "on", "October", "12", ",", "2005", ",", "and", "the", "Novoste", "shareholders", "'", "meeting", "at", "which", "the", "proposal", "to", "approve", "the", "transaction", "was", "adopted", "was", "held", "on", "March", "7", ",", "2006", ".", "The", "consideration", "for", "the", "sale", "of", "the", "assets", "by", "Novoste", "to", "Best", "Vascular", "was", "the", "assumption", "by", "Best", "Vascular", "of", "various", "liabilities", "of", "Novoste", "related", "to", "its", "VBT", "business", ".", "As", "part", "of", "the", "transaction", ",", "Novoste", "amended", "its", "charter", "to", "change", "its", "corporate", "name", "to", "\"", "NOVT", "Corporation", "\"", ".", "Krish", "Suthanthiran", ",", "President", "of", "Best", "Vascular", ",", "has", "commented", ",", "\"", "We", "are", "very", "excited", "about", "the", "opportunity", "that", "exists", "for", "Best", "Vascular", "in", "the", "VBT", "market", ".", "The", "acquisition", "of", "these", "assets", "fits", "our", "strategy", "of", "providing", "brachytherapy", "therapy", "products", "across", "a", "wide", "variety", "of", "clinical", "applications", ".", "It", "is", "of", "utmost", "importance", "that", "radiation", "therapy", "is", "available", "to", "cardiologists", "and", "their", "patients", ".", "The", "Novoste", "system", "is", "the", "only", "remaining", "vascular", "brachytherapy", "product", "on", "the", "market", "and", "having", "previously", "supplied", "Cordis", "Corporation", ",", "a", "Johnson", "&", "Johnson", "company", "with", "VBT", "products", ",", "we", "believe", "we", "have", "the", "capability", "to", "assure", "the", "continuation", "of", "this", "important", "therapy", "in", "the", "cardiology", "market", ".", "We", "remain", "committed", "to", "our", "radiation", "oncology", "customer", "base", "and", "look", "forward", "to", "serving", "the", "particular", "needs", "of", "the", "cardiology", "community", "with", "a", "therapy", "that", "has", "proven", "durable", "results", "\"", ".", "Best", "Vascular", "intends", "to", "formally", "launch", "its", "marketing", "of", "the", "Novoste", ",", "BetaCath", "product", "at", "a", "special", "breakfast", "symposium", "on", "Wednesday", ",", "April", "5", ",", "2006", "beginning", "at", "7", ":", "00", "a.m.", "The", "symposium", "will", "be", "held", "at", "the", "Hyatt", "Regency", "Crystal", "City", "in", "Arlington", ",", "Virginia", "in", "conjunction", "with", "the", "Cardiovascular", "Revascularization", "Therapies", "(", "CRT", ")", "meeting", ".", "Sponsored", "by", "Best", "Vascular", ",", "the", "breakfast", "symposium", "will", "update", "the", "status", "of", "vascular", "brachytherapy", "and", "the", "BetaCath", "of", "Novoste", "for", "2006", "and", "will", "feature", "presentations", "on", "the", "treatment", "of", "drug", "-", "eluting", "stent", "restenosis", "with", "vascular", "brachytherapy", "and", "five", "-", "year", "clinical", "follow", "-", "up", "data", "with", "the", "BetaCath", "system", ".", "In", "addition", ",", "discussions", "on", "new", "opportunities", "for", "your", "institution", "to", "re", "-", "launch", "the", "BetaCath", "system", "will", "also", "take", "place", ".", "Al Novak", ",", "President", "and", "Chief", "Executive", "Officer", "of", "Novoste", ",", "said", "\"", "We", "are", "pleased", "that", "we", "have", "completed", "this", "transaction", "with", "Best", "Vascular", ".", "They", "have", "the", "capability", "and", "interest", "in", "supplying", "VBT", "to", "those", "physicians", "and", "their", "patients", "who", "have", "a", "need", "for", "this", "technology", ".", "This", "transaction", "was", "in", "the", "best", "interests", "of", "our", "shareholders", "by", "allowing", "Novoste", "to", "be", "free", "of", "its", "major", "liabilities", "associated", "with", "the", "VBT", "business", "\"", ".", "About", "Best", "Vascular", "and", "Best", "Medical", "International", ",", "Inc", ".", "Best", "Vascular", "'s", "and", "Best", "Medical", "International", ",", "Inc", ".", "'s", "(", "Best", "Medical", ")", "corporate", "headquarters", "are", "located", "at", "7643", "Fullerton", "Road", ",", "Springfield", ",", "Virginia", ".", "Best", "Vascular", ",", "an", "affiliate", "of", "Best", "Medical", ",", "was", "established", "for", "the", "purpose", "of", "focusing", "on", "the", "vascular", "brachytherapy", "business", "acquired", "from", "Novoste", ".", "Best", "Medical", "is", "known", "for", "its", "radiation", "seed", "products", "utilizing", "several", "different", "isotopes", ".", "Best", "Medical", "also", "has", "a", "complete", "line", "of", "catheters", ",", "needles", ",", "templates", "and", "accessories", ",", "including", "custom", "-", "designed", "products", ".", "Founded", "in", "1977", ",", "Best", "Medical", "has", "pioneered", "new", "ideas", "in", "brachytherapy", ",", "including", "vascular", "brachytherapy", ",", "and", "is", "a", "leader", "in", "the", "provision", "of", "radiation", "seeds", "for", "use", "by", "urologists", "in", "the", "treatment", "of", "prostate", "cancer", ".", "Best", "Medical", "prides", "itself", "not", "only", "on", "its", "very", "successful", "product", "line", ",", "but", "also", "the", "ability", "of", "its", "staff", "to", "provide", "superlative", "service", "to", "its", "customers", ".", "Best", "Medical", "'s", "mission", "is", "to", "uphold", "its", "excellent", "reputation", "by", "consistently", "exceeding", "the", "expectation", "of", "those", "it", "serves", "in", "the", "healthcare", "field", "by", "developing", ",", "manufacturing", "and", "delivering", "cost", "-", "effective", ",", "high", "quality", "products", "to", "benefit", "patients", "throughout", "the", "world", ".", "About", "Novoste", "(", "now", "known", "as", "NOVT", "Corporation", ")", "Novoste", "common", "stock", "is", "traded", "on", "the", "Nasdaq", "National", "Stock", "Market", "under", "the", "symbol", "NOVT", ".", "For", "general", "company", "information", ",", "please", "call", "(", "770", ")", "717", "-", "0904", "or", "visit", "Novoste", "'s", "new", "website", "at", "www.NOVTCorporation.com", ".", "***" ]
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1092367-000134100406002464-exhibit99-1
EX-99 2 exhibit99-1.htm EXHIBIT 99.1 - PRESS RELEASE Exhibit 99.1 CONTACT: Press Inquiries Investor Inquiries Public Relations Investor Relations Sycamore Networks, Inc Sycamore Networks, Inc. 978-250-3433 978-250-3460 scott.larson@sycamorenet.com i nvestor.info@sycamorenet.com SYCAMORE NETWORKS COMPLETES ACQUISITION OF EASTERN RESEARCH Acquisition Increases Customer Base and Expands Product Portfolio with Complementary Suite of Carrier-Class Network Access Solutions CHELMSFORD , Mass., September 6, 2006 - Sycamore Networks, Inc. (NASDAQ: SCMR) today announced it has completed the acquisition of Eastern Research, Inc., an innovative provider of network access solutions for fixed line and mobile network operators worldwide. The addition of Eastern Research's field-proven products enables Sycamore to expand its customer base, increase the markets it serves, and extend its intelligent networking capabilities to a complementary suite of carrier-class access solutions. With the close of this transaction, Sycamore offers a broad range of intelligent networking solutions that span multiple network segments, including network access, regional backhaul, and core switching sites. The Company's expanded portfolio, which now includes multiservice cross-connects, multiservice access platforms and base station access gateway solutions, enables network operators to cost-efficiently optimize service bandwidth, streamline network operations, and deploy new services while improving performance and reliability. "As fixed line and mobile networks evolve to support a growing number of dynamic broadband services and applications, network operators will require new levels of efficiency, agility, and scalability from network access points to the optical core", said Daniel E. Smith, president and chief executive officer, Sycamore Networks. "This acqusition is a first step towards leveraging Sycamore's strengths in the core to offer our customers a more comprehensive suite of solutions optimized for the traffic driving network growth". About Sycamore Networks Sycamore Networks, Inc. (NASDAQ: SCMR) is a leading provider of intelligent networking solutions for fixed line and mobile network operators worldwide. From multiservice access networks to the optical core, Sycamore products enable network operators to lower overall network costs, increase operational efficiencies, and rapidly deploy new revenue-generating services. Sycamore's global customer base includes Tier 1 service providers, government agencies, and utility companies. For more information, please visit www.sycamorenet.com. We wish to caution you that certain matters discussed in this news release constitute forward-looking statements that involve risks and uncertainties. Readers are cautioned that actual results or events could differ materially from those stated or implied in forward-looking statements. These risks and uncertainties include, but are not limited to risks relating to (a) our ability to successfully integrate the businesses of the Company and Eastern Research, Inc., which may result in the combined company not operating as effectively and efficiently as expected; (b) our ability to achieve the expected synergies from the merger or it may take longer than expected to achieve those synergies; (c) unexpected costs or unexpected liabilities, or the effects of purchase accounting resulting from the merger may be different from our expectations; (d) the combined company may be adversely affected by future legislative, regulatory, or tax changes as well as other economic, business and/or competitive factors; (e) the formal investigations commenced by the Securities and Exchange Commission and the U.S. Attorney's office with respect to certain stock options granted by the Company, additional actions and findings that may result from the Company's investigation into the accounting treatment for stock options, including the possible restatement of previously issued financial statements, the possible inability of the Company to file its Annual Report on Form 10-K on a timely basis and the possible issuance of a delisting notice by Nasdaq. Certain additional risks are set forth in more detail in the section entitled Factors that May Affect Future Results in the Company's most recently filed Form 10-Q, Form 10-K and the other reports filed by the Company from time to time with the Securities and Exchange Commission. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future results or otherwise.
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876367-000139160909000052-ex99_2pressrelease
EX-99.2 3 ex99_2pressrelease.htm EXHIBIT 99.2 PRESS RELEASE ex99_2pressrelease.htm CANCER THERAPEUTICS FINALIZES DEFINITIVE AGREEMENT WITH NANOTHERAPIES, LLC. Salt Lake City, UT - May 27, 2009 - Cancer Therapeutics, Inc. (OTC BB: CTHP), an emerging biotechnology business incubator with a specific emphasis on disruptive cancer treatments and nanotechnology, announced today it has completed a formal agreement to acquire a minority ownership share of NanoTherapies, LLC. Finalization of the agreement comes after signing a Letter of Intent as reported in a press release dated May 12, 2009 along with the completion of an extensive due diligence review which was being conducted prior to the LOI. NanoTherapies develops life-changing therapies for cancer treatment based on an evolving set of intellectual properties and patents derived from the exploitation of calcium phosphate nanoparticles for therapeutic and diagnostic applications. The acquisition of a 25% stake in NanoTherapies is the first acquisition completed by Cancer Therapeutics. Chene Gardner, President and CEO of Cancer Therapeutics, Inc. said the company is focused on generating revenue and is interested in acquiring other companies which fit in the new business model. About Cancer Therapeutics, Inc.: Cancer Therapeutics, Inc. is a biotechnology business incubator, with a specific emphasis on disruptive treatments and nanotechnology. It seeks out disruptive cancer research and technology opportunities to invest in, develop, and commercialize. The end result will be therapies, treatments, and pharmaceuticals targeted at more efficiently and effectively attacking cancer. CTI seeks partners to co-develop drugs in various stages in our pipeline. Safe Harbor: This letter contains certain 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, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainty, including without limitation, the ability of the Company to successfully implement its turnaround strategy, changes in costs of raw materials, labor, and employee benefits, as well as general market conditions, competition and pricing. Although the Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this letter will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as representation by the Company or any other person that the objectives and plans of the Company will be achieved. In assessing forward-looking statements included herein, readers are urged to carefully read those statements. When used in the Annual Report on Form 10-K, the words "estimate", "anticipate", "expect", "believe", and similar expressions are intended to be forward-looking statements. Contact: Investor Relations David Donlin Cervelle Group Phone: 407-614-5959 ext. 223
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