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1316710-000129993306000294-exhibit1 | EX-99.1
2
exhibit1.htm
EX-99.1
EX-99.1
PRESS RELEASE
Columbia Equity Trust, Inc. [Logo]
1750 H Street, NW
Suite 500
Washington, D.C. 20006
Tel (202) 303 - 3080
________________________________________________
Columbia Equity Trust, Inc. Announces $34.1 Million Acquisition
Washington, D.C., January 13, 2006 - Columbia Equity Trust, Inc. (NYSE: COE) announced today
that it acquired 1025 Vermont Avenue in Washington, D.C. for a purchase price of $34.1 million.
Originally constructed in 1963 and renovated in 1987 and 2004, 1025 Vermont Avenue is a
twelve-story, approximately 115,000 square foot, multi-tenant office building located in
Washington's East End. The building is within a half-block of McPherson Square and walking distance
to three Metrorail subway stations. 1025 Vermont Avenue is currently 97% leased to 27 tenants.
1025 Vermont Avenue is expected to generate a first-year net operating income-to-purchase
price return (cash basis) of approximately 6.7%. In conjunction with the acquisition, Columbia
assumed an existing financing in the amount of $19.0 million at a fixed interest rate of 4.91%
which matures in January 2010. The balance of the acquisition was funded with proceeds from the
Company's revolving credit facility.
About Columbia Equity Trust, Inc.
Columbia is a self-advised, self-managed Maryland corporation focused on the acquisition,
development, renovation, repositioning, ownership, management and operation of commercial office
properties located predominantly in the Greater Washington, D.C. area. For additional information
please visit our web site at
http://www.columbiareit.com
.
Forward Looking Statements
Certain statements in this release that are not historical fact may constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements involve known and unknown risks, uncertainties and other factors which
may cause the actual results of the Company to differ materially from historical results or from
any results expressed or implied by such forward-looking statements, including without limitation:
national and local economic, business, real estate and other market conditions; the competitive
environment in which the Company operates; the execution of its business plan; financing risks; the
Company's ability to maintain its status as a REIT for federal income tax purposes; acquisition and
development risks; potential environmental and other liabilities; and other factors affecting the
real estate industry generally or the office industry in particular. Although the Company believes
the expectations reflected in any forward-looking statements are based on reasonable assumptions,
it can give no assurance that its expectations will be attained. For a further discussion of these
and other factors that could impact the Company's future results, performance, achievements or
transactions, see the documents filed by the Company from time to time with the Securities and
Exchange Commission, and in particular the section titled, "Risk Factors" in the Company's
prospectus.
CONTACT
COLUMBIA EQUITY TRUST, INC.
JOHN SCHISSEL
CHIEF FINANCIAL OFFICER
202-303-3080
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rrd246772_28881.htm
FIRST STATE BANCORPORATION PRESS RELEASE DATED JUNE 26, 2009
First State Bancorporation ("First State") (NASDAQ:FSNM) today announced that it has reached a definitive agreement to sell its Colorado operations to Great Western Bank, a South Dakota subsidiary of National Australia Bank
H. Patrick Dee
Chief Operating Officer
(505) 241-7102
Christopher C. Spencer
Chief Financial Officer
(505) 241-7154
NEWS RELEASE
FIRST STATE BANCORPORATION COMPLETES SALE OF COLORADO BRANCHES
Albuquerque, N.M. - June 26, 2009 - First State Bancorporation ("First State") (NASDAQ:FSNM) today announced that it has completed the sale of its Colorado branches to Great Western Bank, a South Dakota-based subsidiary of National Australia Bank. The terms of the transaction call for the transfer of approximately $385 million in loans, $509 million in deposits, $20 million of premises and equipment and other assets, and the payment of a deposit premium of approximately $30 million. After the write-off of the core deposit intangible associated with these deposits and transaction costs, First State expects to record a pretax gain of approximately $23 million.
"This transaction will boost our total risk-based capital ratio at both the bank and holding company levels to above 11.0%, compared to 9.0% at the bank and 8.9% at the holding company as of March 31, 2009, bringing us back to a well-capitalized position under regulatory guidelines at June 30, 2009", explained Michael R. Stanford, President and Chief Executive Officer of First State. "This transaction has solidified our capital position and is a decisive step to protecting our legacy New Mexico market and our independence. These capital ratios also do not include the more than $55 million that we have in our allowance for loan losses that is not part of the capital calculation, which further insulates our balance sheet from future losses in our loan portfolio", continued Stanford.
ABOUT FIRST STATE
First State Bancorporation is a New Mexico based commercial bank holding company (NASDAQ:FSNM). First State provides services, through its subsidiary First Community Bank, to customers from a total of 40 branches located in New Mexico and Arizona. On Friday, June 26, 2009, First State's stock closed at $2.00 per share.
ADDITIONAL INFORMATION AND WHERE TO FIND IT
Certain statements in this news release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"). These statements are based on management's current expectations or predictions of future results or events. We make these forward-looking statements in reliance on the safe harbor provisions provided under the Private Securities Litigation Reform Act of 1995.
First State's news releases and filings with the Securities and Exchange Commission are available through the Investor Relations section of First State's website at www.fcbnm.com.
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"-",
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1653821-000143774921023598-ex_290867 | EX-99.1
5
ex_290867.htm
EXHIBIT 99.1
ex_290867.htm
Exhibit 99.1
CEN Biotech Inc. Announces the Closing of LED Patent Acquisition
Windsor, ON - October 13, 2021 (Newswire)- CEN Biotech Inc. ("CEN" or the "Company") (OTC Pink: CENBF), a global holding company focused on the manufacturing, production and development of LED lighting technology and hemp-based products intended to help improve your state of health and well-being, is pleased to announce that it is has consummated the transaction for Patent Number U.S. 8,723,425 (the "Patent").
On October 7, 2021, CEN entered into an Asset Purchase Agreement (the "Agreement") in connection with the purchase and acquisition of the right, title, and interest in and to the Patent, as more particularly described in the APA and related transaction documents. Pursuant to the Agreement, Tesla Digital, Inc., Tesla Digital Global Group, Inc. and Stevan Pokrajac (together, the "Sellers") are to receive 5,000,000 shares of CEN common stock which were reserved for issuance at closing of the Agreement. As additional consideration, the Sellers acknowledged receipt of two parcels of real property from CEN.
"This strategic acquisition is the first step in creating a truly global agriculture company dedicated to a person's health and well-being using innovations in LED lighting technologies. We believe the use of this LED patented technology can be widely implemented in many industries such as indoor growing, automotive and industrial applications. This technology can limit the amount of heat generated from the operation of the LED lights and the amount of power needed to operate them." commented Bahige (Bill) Chaaban, the Company's CEO and Executive Chairman.
The inventor of the Patent, Stevan Pokrajac, commented also, "We look forward to continuing the development and sales of our patented technology across a wide range of platforms and industries, including indoor agriculture applications, automotive and aerospace industries, and technologies that require minimal heat and power consumption".
About CEN Biotech Inc.
CEN Biotech, Inc. is a global holding company focused on the manufacturing, production and development of LED lighting technology and hemp-based products. The Company intends to continue to explore the usage of hemp, which it now intends to cultivate for usage in industrial, medical and food products. For further information on the Company, please visit our website at www.cenbiotechinc.com. Information about the Company can also be found on the Securities and Exchange Commission's EDGAR site under the Issuer Profile of "CEN Biotech Inc".
Forward Looking Statements
This press release contains "forward-looking" statements. In particular, the words "believe", "may", "could", "should", "expect", "anticipate", "estimate", "project", "propose", "plan", "intend", and similar conditional words and expressions are intended to identify forward-looking statements. Any statements made in this press release about an action, event or development, are forward-looking statements. These forward-looking statements are only predictions and are subject to certain risks, uncertainties and assumptions, many of which may be beyond control of CEN Biotech Inc. ("CEN"), that could cause actual results to differ from those in the forward-looking statements. Accordingly, you should not place undue reliance on these forward-looking statements. Although CEN believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that its forward-looking statements will prove to be correct. Potential risks include such factors as the inability to enter into agreements with parties with whom we are in discussions, factors that cannot be predicted with certainty, as well as additional risks and uncertainties that are identified and described in CEN's reports filed with the Securities and Exchange Commission (the "SEC"). Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. Actual results may differ materially from the forward-looking statements in this press release. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. CEN does not undertake, and it specifically disclaims, any obligation to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement except as required in accordance with applicable laws.
Press Contact
Brian S. Payne
Vice President and Director
CEN Biotech Inc.
Phone: (519) 419-4958, Extension 1505
Email: brian@cenbiotechinc.com
| [
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"Brian",
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"Payne",
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":",
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"419",
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"4958",
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1581312-000114036114046002-ex99_1 | EX-99.1
2
ex99_1.htm
EXHIBIT 99.1
Exhibit 99.1
Core Resource Management Acquires Working Interests in Oklahoma Oil and Gas Properties in All Equity Deal
PHOENIX, AZ -- (Marketwired) -- 12/12/14 -- The Mission of Core Resource Management, Inc. (OTCQB: CRMI) ("Core" or the "Company") to acquire and manage proven-producing wells and assets has been advanced once again. Just after assisting Nitro Petroleum, Inc. (NTRO) with the filing of a preliminary information statement with the SEC regarding Core's pending acquisition of Nitro, James Clark and Phillip Nuciola III have announced the acquisition by Core of several property interests from White Stone Resources, LP (White Stone) and Royal Energy Resources, Inc. (Royal). With the team of James Clark, CEO and Board Chairman Phillip Nuciola III, Core acquired the oil and gas assets of both White Stone and Royal in exchange for common stock equity of Core. The definitive Purchase and Sale Agreement was executed on December 12, 2014.
Both White Stone and Royal are private companies. They currently own and are selling to Core nearly $1,800,000 in PV10 PDP properties. White Stone and Royal's interests appear to be very synergistic to property interests already owned by Core. The properties are minority interests of others and are also in close proximity to the assets owned by Nitro. The new management team of Core and the board of directors feel strongly that the newest acquisitions, with the help of Core's capital formation abilities, will increase company value and monthly revenues.
Chief Executive Officer James Clark commented, "Our acquisitions receiving attention this week are important to the Company's continued growth and the advancement of Core's mission to acquire and manage proven-producing wells and assets. It will help grow our revenue base and scale us into a larger force in the domestic energy sector. The addition of these new assets to our balance sheet along with the compartmentalization of oil and gas expertise and our expertise in the capital markets of our team, puts us in a unique position for rapid expansion. We are pleased to welcome as stockholders the partners of White Stone and Royal. The synergies we can create as a larger company with key areas of expertise may allow for growth in stockholder value for all. With the market price of oil declining, it has produced value buying opportunities, and we feel Core can capitalize on this current market condition. By keeping a nimble business model we feel we will be able to create long term value for the shareholder in this unlikely time".
Core's Chairman of the Board, Phillip Nuciola III, said the investment bankers' response was pleasing, with expressions of interest well in excess of the amounts requested. He added, "This is a positive indication of how our lenders view the quality of our assets. Importantly, Core now has access to substantial institutional cash, undrawn debt and working capital to support our operations and fund further developmental plans and partner interests as part of our growth strategy. We believe that the opportunities created by our acquisitions will allow us to grow in a time where we may be seeing tremendous value in the marketplace".
The Final Definitive Purchase Sale Agreement and terms of the All-Equity deal has been executed by all parties on December 12 following the terms of the definitive LOI that was signed by all parties on November 19.
About the Company:
Core Resource Management is a Phoenix-based oil & gas company engaged in the acquisition of existing oil & gas production in partnership with established oil & gas operators in Texas and the Southwest. The Company does not currently engage in direct exploration but will acquire positions of up to 50% in current oil & gas production from well-established operators, seeking from time to time, to sell a percentage of their existing production in order to recycle their capital into new leases and wells. Management believes it can maximize value for its shareholders while also negotiating fair and reasonable valuations for its drilling partners.
Forward Looking Statements:
Statements which are not historical facts contained in this release are forward looking statements, such as "immediately accretive" that involve risks and uncertainties, including but not limited to, the effect of economic conditions, the impact of competition, the results of financing efforts, changes in consumers' preferences and trends. The words "estimate", "possible", and "seeking" and similar expressions identify forward-looking statements, which speak only to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events, or otherwise. Future events and actual results may differ materially from those set forth herein, contemplated by, or underlying the forward looking statements.
The information herein is subject to change without notice. Core Resource Management, Inc. shall not be liable for technical or editorial errors or omissions contained herein.
Contact:
Core Resource Management, Inc.
James D. Clark
jclark@coreresource.net
602 314 3230
3131 E Camelback Rd. Ste. 211
Phoenix, AZ 85016
Source: Core Resource Management, Inc.
Released December 12, 2014
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"D",
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1465112-000110465909066019-a09-33501_1ex99d1 | EX-99.1
4
a09-33501_1ex99d1.htm
EX-99.1
Exhibit 99.1
Media Contact:
IR Contact
Darris Gringeri
(310) 964-0808
212-205-0882
DIRECTV Completes Merger Transaction with
Liberty Media
EL
SEGUNDO, Calif., Nov. 19, 2009- DIRECTV today announced the successful completion of the previously announced
transactions involving the combination of
DIRECTV Group and Liberty
Entertainment, Inc. (LEI), a company split-off from Liberty Media
Corporation. The transactions were completed following a special
meeting of stockholders of The DIRECTV Group held today.
Special Meeting
The stockholders of DIRECTV Group approved both of
the proposals up for vote at the special meeting. Those proposals related to the approval of
the Agreement and Plan of Merger (dated May 3, 2009) as amended, by and
among Liberty, LEI, DIRECTV Group, DIRECTV and certain subsidiaries of DIRECTV
and the approval of the Voting and Right of First Refusal Agreement (dated as
of May 3, 2009) as amended, by and among DIRECTV Group, LEI, DIRECTV, John
C. Malone (the Chairman of DIRECTV Group and Liberty), his wife and certain
trusts for the benefit of their children.
The final voting results were approximately 90% for adoption of the
Merger Agreement and approximately 89% for approval of the Malone Agreement.
The proposals were also approved by an
overwhelming majority of the stockholders excluding shares of DIRECTV Group
owned by Liberty and its subsidiaries, the Malones and officers and directors
of Liberty. Liberty Media held a special
meeting of stockholders earlier in the day and also received the necessary
approvals for the transactions.
Description of the
Transactions
In the transactions, Liberty executed a
split-off that resulted in the redemption of 90% of the outstanding shares of
both series of its Liberty Entertainment common stock in exchange for all of
the outstanding shares of two series of common stock of LEI. The Merger
Agreement provided for two mergers that resulted in DIRECTV Group and LEI
becoming wholly-owned subsidiaries of DIRECTV. In the DIRECTV merger, DIRECTV
Group common stockholders (other than direct or indirect subsidiaries of LEI)
received one share of DIRECTV Class A common stock for each share of
common stock of DIRECTV Group that they owned. In the LEI merger, holders of
outstanding shares of LEI Series A common stock and LEI Series B
common stock (other than LEI or DIRECTV) received a number of shares of DIRECTV
Class A common stock equal to the LEI exchange ratio for each share of LEI
common stock that they owned. The LEI exchange ratio was equal to 1.11130
shares of DIRECTV common stock for each share of LEI common stock.
Immediately prior to the mergers, the Malones,
pursuant to the Malone Agreement, exchanged each of their shares of LEI Series B
common stock for a number of shares of DIRECTV Class B common stock equal
to the number of shares of LEI Series B common stock they owned multiplied
by the LEI exchange ratio. The Malones
are the only holders of DIRECTV Class B common stock and their votes are
subject to limitations imposed by the Malone Agreement. DIRECTV Class B common stock has fifteen
votes per share and certain limited consent rights and will not be publicly
traded, and DIRECTV Class A common stock has one vote per share and is
listed on the NASDAQ National Market System under the symbol "DTV" and will
begin trading on Friday, November 20, 2009.
As a result of the
merger transactions, there will be approximately 910 million shares of DIRECTV Class A
common stock (NASDAQ: DTV) outstanding when trading begins and approximately 22
million shares of DIRECTV Class B common stock, all of which is held by
the Malones and will not be listed. In
addition, stock options and SARs relating to Liberty Entertainment common stock
were converted into stock options and SARs relating to DIRECTV's Class A
common stock.
2
As
previously disclosed in the proxy statement and prospectus sent to stockholders
in connection with the stockholder vote on the Liberty transactions and other
public filings, as a result of completing the Liberty transactions, the Company
has assumed, on a consolidated basis, approximately $2 billion of indebtedness
to Bank of America through its acquisition of Greenlady II, LLC, a subsidiary
of LEI, and also has assumed rights and obligations connected with the related
equity collar securing the debt. The
Company has requested that Bank of America unwind the equity collar, pursuant
to agreed upon market practices. The indebtedness will be repaid prior to its
maturity in various stages in conjunction with the unwind. The Company will also be responsible for
certain costs due to the early unwind of the various tranches of the equity
collar, the amounts of which will vary depending on the Company's stock price
during the unwind and other market factors.
Based
on DTV's closing share price of $31.04 on November 18, 2009, and other
preliminary estimates of fair value of the assets and liabilities of LEI
(including the fair value on that date of the equity collar and the stock based
awards), the Company estimates that it will record an expense of approximately
$400 million for the premium to LEI stockholders and costs of the
transactions. This is an estimate and
the actual charges will be disclosed in the Company's filing on Form 10-K
for the year ending December 31, 2009.
Adjustments to the fair values of certain of the stock based awards and
the equity collar, as long as these instruments remain outstanding, will be
recorded in non-operating earnings in the consolidated statements of operations
of the Company each reporting period. The
Company expects that the process of unwinding the equity collar and the
determination of amounts payable to Bank of America will be completed in the
fourth quarter of this year, depending on market factors and other relevant
considerations.
3
As
a result of the decision by the Company to repay the debt and to unwind the
equity collar, the Company does not intend to implement a new share repurchase
program at this time. Any decision to
implement a share repurchase program will be made based upon progress made in
unwinding the equity collar and other relevant market conditions.
CAUTIONARY
STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS
NOTE: This release
may include or incorporate by reference certain statements that we believe are,
or may be considered to be, "forward-looking statements" within the meaning of
various provisions of the Securities Act of 1933 and of the Securities Exchange
Act of 1934. These forward-looking statements generally can be identified by
use of statements that include phrases such as "believe", "expect", "estimate,"
"anticipate", "intend", "plan", "foresee", "project" or other similar words or
phrases. Similarly, statements that describe our objectives, plans or goals
also are forward-looking statements. All of these forward-looking statements
are subject to certain risks and uncertainties that could cause actual results
to differ materially from historical results or from those expressed or implied
by the relevant forward-looking statement. Such risks and uncertainties
include, but are not limited to: economic conditions; product demand and market
acceptance; ability to simplify aspects of our business model, improve customer
service, create new and desirable programming content and interactive features,
and achieve anticipated economies of scale; government action; local political
or economic developments in or affecting countries where we have operations,
including political, economic and social uncertainties in many Latin American
countries in which DIRECTV Latin America operates; foreign currency exchange
rates; currency exchange controls; ability to obtain export licenses;
competition; the outcome of legal proceedings; ability to achieve cost
reductions; ability of third parties to timely perform material contracts;
ability to renew programming contracts under favorable terms; technological
risk; limitations on access to distribution channels; the success and
timeliness of satellite launches; in-orbit performance of satellites, including
technical anomalies; loss of uninsured satellites; theft of satellite
programming signals; and our ability to access capital to maintain our
financial flexibility. We urge you to consider these factors carefully in
evaluating the forward-looking statements.
About DIRECTV
DIRECTV (NASDAQ:DTV) is the world's leading
provider of digital television entertainment services. Through its subsidiaries
and affiliated companies in the United States, Brazil, Mexico and other
countries in Latin America, DIRECTV provides satellite television service to
more than 18.4 million customers in the United States and more than 6 million
customers in Latin America. The company also owns three sports Networks (FSN Northwest,
FSN Rocky Mountain and FSN Pittsburgh) as well as a 65% interest in Game Show
Network.
# # #
4
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"Malone",
"Agreement",
".",
"DIRECTV",
"Class",
"B",
"common",
"stock",
"has",
"fifteen",
"votes",
"per",
"share",
"and",
"certain",
"limited",
"consent",
"rights",
"and",
"will",
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"publicly",
"traded",
",",
"and",
"DIRECTV",
"Class",
"A",
"common",
"stock",
"has",
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"vote",
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"is",
"listed",
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"the",
"NASDAQ",
"National",
"Market",
"System",
"under",
"the",
"symbol",
"\"",
"DTV",
"\"",
"and",
"will",
"begin",
"trading",
"on",
"Friday",
",",
"November",
"20",
",",
"2009",
".",
"As",
"a",
"result",
"of",
"the",
"merger",
"transactions",
",",
"there",
"will",
"be",
"approximately",
"910",
"million",
"shares",
"of",
"DIRECTV",
"Class",
"A",
"common",
"stock",
"(",
"NASDAQ",
":",
"DTV",
")",
"outstanding",
"when",
"trading",
"begins",
"and",
"approximately",
"22",
"million",
"shares",
"of",
"DIRECTV",
"Class",
"B",
"common",
"stock",
",",
"all",
"of",
"which",
"is",
"held",
"by",
"the",
"Malones",
"and",
"will",
"not",
"be",
"listed",
".",
"In",
"addition",
",",
"stock",
"options",
"and",
"SARs",
"relating",
"to",
"Liberty",
"Entertainment",
"common",
"stock",
"were",
"converted",
"into",
"stock",
"options",
"and",
"SARs",
"relating",
"to",
"DIRECTV",
"'s",
"Class",
"A",
"common",
"stock",
".",
"2",
"As",
"previously",
"disclosed",
"in",
"the",
"proxy",
"statement",
"and",
"prospectus",
"sent",
"to",
"stockholders",
"in",
"connection",
"with",
"the",
"stockholder",
"vote",
"on",
"the",
"Liberty",
"transactions",
"and",
"other",
"public",
"filings",
",",
"as",
"a",
"result",
"of",
"completing",
"the",
"Liberty",
"transactions",
",",
"the",
"Company",
"has",
"assumed",
",",
"on",
"a",
"consolidated",
"basis",
",",
"approximately",
"$",
"2 billion",
"of",
"indebtedness",
"to",
"Bank",
"of",
"America",
"through",
"its",
"acquisition",
"of",
"Greenlady",
"II",
",",
"LLC",
",",
"a",
"subsidiary",
"of",
"LEI",
",",
"and",
"also",
"has",
"assumed",
"rights",
"and",
"obligations",
"connected",
"with",
"the",
"related",
"equity",
"collar",
"securing",
"the",
"debt",
".",
"The",
"Company",
"has",
"requested",
"that",
"Bank",
"of",
"America",
"unwind",
"the",
"equity",
"collar",
",",
"pursuant",
"to",
"agreed",
"upon",
"market",
"practices",
".",
"The",
"indebtedness",
"will",
"be",
"repaid",
"prior",
"to",
"its",
"maturity",
"in",
"various",
"stages",
"in",
"conjunction",
"with",
"the",
"unwind",
".",
"The",
"Company",
"will",
"also",
"be",
"responsible",
"for",
"certain",
"costs",
"due",
"to",
"the",
"early",
"unwind",
"of",
"the",
"various",
"tranches",
"of",
"the",
"equity",
"collar",
",",
"the",
"amounts",
"of",
"which",
"will",
"vary",
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"on",
"the",
"Company",
"'s",
"stock",
"price",
"during",
"the",
"unwind",
"and",
"other",
"market",
"factors",
".",
"Based",
"on",
"DTV",
"'s",
"closing",
"share",
"price",
"of",
"$",
"31.04",
"on",
"November",
"18",
",",
"2009",
",",
"and",
"other",
"preliminary",
"estimates",
"of",
"fair",
"value",
"of",
"the",
"assets",
"and",
"liabilities",
"of",
"LEI",
"(",
"including",
"the",
"fair",
"value",
"on",
"that",
"date",
"of",
"the",
"equity",
"collar",
"and",
"the",
"stock",
"based",
"awards",
")",
",",
"the",
"Company",
"estimates",
"that",
"it",
"will",
"record",
"an",
"expense",
"of",
"approximately",
"$",
"400 million",
"for",
"the",
"premium",
"to",
"LEI",
"stockholders",
"and",
"costs",
"of",
"the",
"transactions",
".",
"This",
"is",
"an",
"estimate",
"and",
"the",
"actual",
"charges",
"will",
"be",
"disclosed",
"in",
"the",
"Company",
"'s",
"filing",
"on",
"Form",
"10",
"-",
"K",
"for",
"the",
"year",
"ending",
"December",
"31",
",",
"2009",
".",
"Adjustments",
"to",
"the",
"fair",
"values",
"of",
"certain",
"of",
"the",
"stock",
"based",
"awards",
"and",
"the",
"equity",
"collar",
",",
"as",
"long",
"as",
"these",
"instruments",
"remain",
"outstanding",
",",
"will",
"be",
"recorded",
"in",
"non",
"-",
"operating",
"earnings",
"in",
"the",
"consolidated",
"statements",
"of",
"operations",
"of",
"the",
"Company",
"each",
"reporting",
"period",
".",
"The",
"Company",
"expects",
"that",
"the",
"process",
"of",
"unwinding",
"the",
"equity",
"collar",
"and",
"the",
"determination",
"of",
"amounts",
"payable",
"to",
"Bank",
"of",
"America",
"will",
"be",
"completed",
"in",
"the",
"fourth",
"quarter",
"of",
"this",
"year",
",",
"depending",
"on",
"market",
"factors",
"and",
"other",
"relevant",
"considerations",
".",
"3",
"As",
"a",
"result",
"of",
"the",
"decision",
"by",
"the",
"Company",
"to",
"repay",
"the",
"debt",
"and",
"to",
"unwind",
"the",
"equity",
"collar",
",",
"the",
"Company",
"does",
"not",
"intend",
"to",
"implement",
"a",
"new",
"share",
"repurchase",
"program",
"at",
"this",
"time",
".",
"Any",
"decision",
"to",
"implement",
"a",
"share",
"repurchase",
"program",
"will",
"be",
"made",
"based",
"upon",
"progress",
"made",
"in",
"unwinding",
"the",
"equity",
"collar",
"and",
"other",
"relevant",
"market",
"conditions",
".",
"CAUTIONARY",
"STATEMENT",
"CONCERNING",
"FORWARD",
"-",
"LOOKING",
"STATEMENTS",
"NOTE",
":",
"This",
"release",
"may",
"include",
"or",
"incorporate",
"by",
"reference",
"certain",
"statements",
"that",
"we",
"believe",
"are",
",",
"or",
"may",
"be",
"considered",
"to",
"be",
",",
"\"",
"forward",
"-",
"looking",
"statements",
"\"",
"within",
"the",
"meaning",
"of",
"various",
"provisions",
"of",
"the",
"Securities",
"Act",
"of",
"1933",
"and",
"of",
"the",
"Securities",
"Exchange",
"Act",
"of",
"1934",
".",
"These",
"forward",
"-",
"looking",
"statements",
"generally",
"can",
"be",
"identified",
"by",
"use",
"of",
"statements",
"that",
"include",
"phrases",
"such",
"as",
"\"",
"believe",
"\"",
",",
"\"",
"expect",
"\"",
",",
"\"",
"estimate",
",",
"\"",
"\"",
"anticipate",
"\"",
",",
"\"",
"intend",
"\"",
",",
"\"",
"plan",
"\"",
",",
"\"",
"foresee",
"\"",
",",
"\"",
"project",
"\"",
"or",
"other",
"similar",
"words",
"or",
"phrases",
".",
"Similarly",
",",
"statements",
"that",
"describe",
"our",
"objectives",
",",
"plans",
"or",
"goals",
"also",
"are",
"forward",
"-",
"looking",
"statements",
".",
"All",
"of",
"these",
"forward",
"-",
"looking",
"statements",
"are",
"subject",
"to",
"certain",
"risks",
"and",
"uncertainties",
"that",
"could",
"cause",
"actual",
"results",
"to",
"differ",
"materially",
"from",
"historical",
"results",
"or",
"from",
"those",
"expressed",
"or",
"implied",
"by",
"the",
"relevant",
"forward",
"-",
"looking",
"statement",
".",
"Such",
"risks",
"and",
"uncertainties",
"include",
",",
"but",
"are",
"not",
"limited",
"to",
":",
"economic",
"conditions",
";",
"product",
"demand",
"and",
"market",
"acceptance",
";",
"ability",
"to",
"simplify",
"aspects",
"of",
"our",
"business",
"model",
",",
"improve",
"customer",
"service",
",",
"create",
"new",
"and",
"desirable",
"programming",
"content",
"and",
"interactive",
"features",
",",
"and",
"achieve",
"anticipated",
"economies",
"of",
"scale",
";",
"government",
"action",
";",
"local",
"political",
"or",
"economic",
"developments",
"in",
"or",
"affecting",
"countries",
"where",
"we",
"have",
"operations",
",",
"including",
"political",
",",
"economic",
"and",
"social",
"uncertainties",
"in",
"many",
"Latin",
"American",
"countries",
"in",
"which",
"DIRECTV",
"Latin",
"America",
"operates",
";",
"foreign",
"currency",
"exchange",
"rates",
";",
"currency",
"exchange",
"controls",
";",
"ability",
"to",
"obtain",
"export",
"licenses",
";",
"competition",
";",
"the",
"outcome",
"of",
"legal",
"proceedings",
";",
"ability",
"to",
"achieve",
"cost",
"reductions",
";",
"ability",
"of",
"third",
"parties",
"to",
"timely",
"perform",
"material",
"contracts",
";",
"ability",
"to",
"renew",
"programming",
"contracts",
"under",
"favorable",
"terms",
";",
"technological",
"risk",
";",
"limitations",
"on",
"access",
"to",
"distribution",
"channels",
";",
"the",
"success",
"and",
"timeliness",
"of",
"satellite",
"launches",
";",
"in",
"-",
"orbit",
"performance",
"of",
"satellites",
",",
"including",
"technical",
"anomalies",
";",
"loss",
"of",
"uninsured",
"satellites",
";",
"theft",
"of",
"satellite",
"programming",
"signals",
";",
"and",
"our",
"ability",
"to",
"access",
"capital",
"to",
"maintain",
"our",
"financial",
"flexibility",
".",
"We",
"urge",
"you",
"to",
"consider",
"these",
"factors",
"carefully",
"in",
"evaluating",
"the",
"forward",
"-",
"looking",
"statements",
".",
"About",
"DIRECTV",
"DIRECTV",
"(",
"NASDAQ",
":",
"DTV",
")",
"is",
"the",
"world",
"'",
"s",
"leading",
"provider",
"of",
"digital",
"television",
"entertainment",
"services",
".",
"Through",
"its",
"subsidiaries",
"and",
"affiliated",
"companies",
"in",
"the",
"United",
"States",
",",
"Brazil",
",",
"Mexico",
"and",
"other",
"countries",
"in",
"Latin",
"America",
",",
"DIRECTV",
"provides",
"satellite",
"television",
"service",
"to",
"more",
"than",
"18",
".",
"4",
"million",
"customers",
"in",
"the",
"United",
"States",
"and",
"more",
"than",
"6",
"million",
"customers",
"in",
"Latin",
"America",
".",
"The",
"company",
"also",
"owns",
"three",
"sports",
"Networks",
"(",
"FSN",
"Northwest",
",",
"FSN",
"Rocky",
"Mountain",
"and",
"FSN",
"Pittsburgh",
")",
"as",
"well",
"as",
"a",
"65",
"%",
"interest",
"in",
"Game",
"Show",
"Network",
".",
"#",
"#",
"#",
"4"
] | [
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"B-Parties.BUYING_COMPANY",
"O",
"O",
"O",
"O",
"B-Parties.ACQUIRED_COMPANY",
"I-Parties.ACQUIRED_COMPANY",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"B-Parties.BUYING_COMPANY",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"B-Parties.BUYING_COMPANY",
"I-Parties.BUYING_COMPANY",
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"B-Parties.ACQUIRED_COMPANY",
"I-Parties.ACQUIRED_COMPANY",
"I-Parties.ACQUIRED_COMPANY",
"I-Parties.ACQUIRED_COMPANY",
"I-Parties.ACQUIRED_COMPANY",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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1308606-000129993306000993-exhibit1 | EX-99.1
2
exhibit1.htm
EX-99.1
EX-99.1
C O L E
COLE CREDIT PROPERTY TRUST II, INC.
February 14, 2006
Contact:
John H. Lotka, Chief Marketing Officer
602-778-8739
For Immediate Release:
Cole Credit Property Trust II, Inc. announces the acquisition of a single-tenant retail
property located in Arizona, leased to Mountainside Fitness Centers.
On February 10, 2006, a wholly-owned subsidiary of the operating partnership of Cole Credit
Property Trust II, Inc. acquired a single-tenant retail building totaling approximately 31,063
square feet on an approximately 2.92 acre site located in Chandler, Arizona. The building is 100%
leased to Mountainside Fitness Centers of Ocotillo, LLC ("Mountainside") through the initial lease
term, which expires on July 18, 2022.
About the Tenant
Mountainside operates a chain of fitness centers in the state of Arizona. Currently there are five
locations in the Phoenix metro area.
About Cole Credit Property Trust II, Inc.
Cole Credit Property Trust II, Inc. is a Maryland corporation that intends to qualify as a real
estate investment trust beginning with the taxable year ended December 31, 2005. The investment
objectives of Cole Credit Property Trust II, Inc. are to provide current income, preservation and
return of capital, and growth in the value of its investments.
This release may contain forward-looking statements relating to the business and financial outlook
of Cole Credit Property Trust II, Inc. that are based on our current expectations, estimates,
forecasts and projections and are not guarantees of future performance. Actual results may differ
materially from those expressed in these forward-looking statements and you should not place undue
reliance on any such statements. A number of important factors could cause actual results to differ
materially from the forward-looking statements contained in this release. Such factors include
those described in the Risk Factors sections of the prospectus for the offering of equity of Cole
Credit Property Trust II, Inc. Forward-looking statements in this document speak only as of the
date on which such statements were made and we undertake no obligation to update any such
statements that become untrue because of subsequent events. We claim the safe harbor protection for
forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.
2555 E. Camelback Road, Suite 400
Phoenix, AZ 85016
602-778-8700
| [
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7332-000000733220000079-swn-20201113xexhibit991 | EX-99.1
8
swn-20201113xexhibit991.htm
EX-99.1 PRESS RELEASE - MERGER
Document
NEWS RELEASE
SOUTHWESTERN ENERGY COMPLETES ACQUISITION OF MONTAGE RESOURCES
SPRING, Texas - November 13, 2020…Southwestern Energy Company (NYSE: SWN) today announced that it has completed the acquisition of Montage Resources following approval by Montage shareholders. Under the previously announced credit agreement amendment, the Company's borrowing base on its revolving credit facility has been increased to $2.0 billion.
"This strategic transaction represents another deliberate step in our disciplined repositioning strategy. We strengthened our position as a premier producer in the Appalachia basin with an at-market, accretive acquisition that provides a step change in free cash flow. Starting today, we are delivering on our commitment of at least $30 million in synergies, and we look forward to unlocking additional value as the newly combined team brings innovation and demonstrated operational efficiencies to these high quality, complementary assets", said Bill Way, Southwestern Energy President and Chief Executive Officer. "We welcome the field operating team to Southwestern Energy and thank the entire Montage Resources organization for their hard work and dedication that led to this transaction".
Given the November 13, 2020 closing, there is no change to the Company's fourth quarter and full year 2020 guidance except for the inclusion of 49 days of production from the Montage properties as indicated in the table below. As of the closing of the transaction, the Company's daily net production rate increases to over 3 Bcfe per day.
UPDATED PRODUCTION GUIDANCE
SWN Guidance
Pro Forma Guidance(1)
Q4 2020
Total Year 2020
Q4 2020
Total Year 2020
Gas (Bcf)
177 - 184
661 - 675
200 - 205
687 - 692
Oil/Condensate (MBbls)
1,275 - 1,375
5,057 - 5,257
1,475 - 1,575
5,251 - 5,351
NGLs (MBbls)
6,750 - 7,025
25,339 - 25,889
7,000 - 7,275
25,926 - 26,201
Total (Bcfe)
225 - 234
843 - 861
251 - 258
874 - 881
(1)SWN guidance dated July 30, 2020, updated to include 49 days of production from properties previously owned by Montage Resources.
About Southwestern Energy
Southwestern Energy Company is an independent energy company engaged in natural gas, natural gas liquids and oil exploration, development, production and marketing. For additional information, visit our website www.swn.com.
Investor Contact
Brittany Raiford
Director, Investor Relations
(832) 796-7906
brittany_raiford@swn.com
1
Bernadette Butler
Investor Relations Advisor
(832) 796-6079
bernadette_butler@swn.com
Forward Looking Statement
Certain statements and information herein may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The words "believe", "expect", "anticipate", "plan", "intend", "foresee", "should", "would", "could", "attempt", "appears", "forecast", "outlook", "estimate", "project", "potential", "may", "will", "are likely", "guidance", "goal", "model", "target", "budget" and other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. Statements may be forward looking even in the absence of these particular words. Examples of forward-looking statements include, but are not limited to, statements regarding generation of free cash flow. These forward-looking statements are based on our current expectations and beliefs concerning future developments and their potential effect on us. The forward-looking statements contained in this document are largely based on our expectations for the future, which reflect certain estimates and assumptions made by our management. These estimates and assumptions reflect our best judgment based on currently known market conditions, operating trends, and other factors. Although we believe such estimates and assumptions to be reasonable, they are inherently uncertain and involve a number of risks and uncertainties that are beyond our control. As such, management's assumptions about future events may prove to be inaccurate. For a more detailed description of the risks and uncertainties involved, see "Risk Factors" in our most recently filed Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other SEC filings. We do not intend to publicly update or revise any forward-looking statements as a result of new information, future events, changes in circumstances, or otherwise. These cautionary statements qualify all forward-looking statements attributable to us, or persons acting on our behalf. Management cautions you that the forward looking statements contained herein are not guarantees of future performance, and we cannot assure you that such statements will be realized or that the events and circumstances they describe will occur. Factors that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements herein include, but are not limited to: the timing and extent of changes in market conditions and prices for natural gas, oil and natural gas liquids ("NGLs"), including regional basis differentials and the impact of reduced demand for our production and products in which our production is a component due to governmental and societal actions taken in response to the COVID-19 pandemic; our ability to fund our planned capital investments; a change in our credit rating, an increase in interest rates and any adverse impacts from the discontinuation of the London Interbank Offered Rate; the extent to which lower commodity prices impact our ability to service or refinance our existing debt; the impact of volatility in the financial markets or other global economic factors, including the impact of COVID-19; difficulties in appropriately allocating capital and resources among our strategic opportunities; the timing and extent of our success in discovering,
2
developing, producing and estimating reserves; our ability to maintain leases that may expire if production is not established or profitably maintained; our ability to realize the expected benefits from the acquisition of Montage Resources Corporation ("Montage Acquisition"); costs in connection with the Montage Acquisition; integration of operations and results subsequent to the Montage Acquisition; our ability to transport our production to the most favorable markets or at all; the impact of government regulation, including changes in law, the ability to obtain and maintain permits, any increase in severance or similar taxes, and legislation or regulation relating to hydraulic fracturing, climate and over-the-counter derivatives; the impact of the adverse outcome of any material litigation against us or judicial decisions that affect us or our industry generally; the effects of weather; increased competition; the financial impact of accounting regulations and critical accounting policies; the comparative cost of alternative fuels; credit risk relating to the risk of loss as a result of non-performance by our counterparties; and any other factors listed in the reports we have filed and may file with the SEC that are incorporated by reference herein. All written and oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary statement.
###
3
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1301236-000156459019035909-soho-ex991_75 | EX-99.1
3
soho-ex991_75.htm
EX-99.1
soho-ex991_75.htm
Exhibit 99.1
FOR IMMEDIATE RELEASE
MONDAY, SEPTEMBER 30, 2019
SOTHERLY HOTELS INC. ANNOUNCES ACQUISITON OF
CONDO HOTEL COMMERCIAL UNIT
Williamsburg, Virginia - September 30, 2019 -
Sotherly Hotels Inc.
(NASDAQ: SOHO)
(the "Company")
today announced that the Company has acquired the hotel commercial unit of the Hyde Beach House Resort & Residences (the "Resort") located in Hollywood, Florida for $5.35 million. In connection with the closing, the Company acquired the hotel commercial unit, which consists of the designated lobby and front desk area, offices, and other spaces. The Company also entered into a 20-year management agreement for the parking garage and poolside cabanas of the Resort, as well as an agreement to operate and manage the condominium association. Pursuant to a Pre-Opening Services Agreement, the Company received a fee of $1.0 million in connection with certain pre-opening preparations. Also in connection with the closing, the Company's DoubleTree Resort by Hilton Hollywood Beach received a construction disruption fee of $1.2 million and the Company acquired commercial unit 3 of the Resort, a +/- 3,000 square foot ballroom that was constructed and conveyed as required pursuant to an existing covenant and easement agreement.
The Hyde Beach House Resort & Residences is a recently completed new development in Hollywood, Florida. The 342-unit condominium-hotel consists of 265 use-restricted units and 77 residences that feature one, two- and three-bedroom layouts. The property will feature luxury amenities, including an expansive pool deck with infinity edge pool, Sports Club and Aqua Club on the Intracoastal Waterway.
Drew Sims, Chief Executive Officer of the Company, commented, "The Hyde Beach House Resort & Residences is a first-class luxury development that we are thrilled to add to the Sotherly portfolio. Our management team has experience with the condo-hotel model and we believe it is an attractive opportunity to turn a modest investment into tremendous value for our shareholders. In addition, the project's location adjacent to the DoubleTree Hollywood Beach Resort and across the street from the Hyde Resort & Residences provides for operational efficiencies and sales and marketing synergies as it presents our team with a wide variety of product offerings and amenities to offer our guests. This should benefit both projects and the Company as a whole".
About
Sotherly Hotels Inc.
Sotherly Hotels Inc. is a self-managed and self-administered lodging REIT focused on the acquisition, renovation, upbranding and repositioning of upscale to upper-upscale full-service hotels in the Southern United States. Currently, the Company's portfolio consists of investments in twelve hotel properties, comprising 3,156 rooms, as well as interests in the Hyde Resort & Residences and the Hyde Beach House Resort & Residences. The Company owns hotels that operate under the Hilton Worldwide, Marriott International, Inc., and Hyatt Hotels Corporation brands, as well as independent hotels. Sotherly Hotels Inc. was organized in 2004 and is headquartered in Williamsburg, Virginia. For more information, please visit
www.sotherlyhotels.com
.
Contact at the Company:
Scott Kucinski
Vice President - Operations and Investor Relations
Sotherly Hotels Inc.
410 West Francis Street
Williamsburg, Virginia 23185
(757) 229-5648
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1005229-000100522906000017-fcsalepr | EX-99
2
fcsalepr.txt
PRESS RELEASE
NEWS RELEASE
CONTACT:
Karen L. Howard
Vice President - Finance and Chief Financial Officer
Columbus McKinnon Corporation
716-689-5550
COLUMBUS MCKINNON COMPLETES SALE OF
FORREST CITY, ARKANSAS PROPERTY
AMHERST, N.Y., September 8, 2006 -- Columbus McKinnon Corporation (Nasdaq:
CMCO), a leading designer, manufacturer and marketer of material handling
products, today announced that it completed the sale of a 37 acre property that
included a 256,700 square foot building in Forrest City, Arkansas for $1.65
million on September 5, 2006. The favorable effect to net income in the second
quarter of fiscal 2007 ending on October 1, 2006 will be $0.3 million, or
approximately $0.01 per diluted share.
Timothy T. Tevens, President and CEO of Columbus McKinnon commented, "The
building was sold as a result of our facility rationalization and lean
manufacturing efforts. The proceeds from the sale will be used to pay down our
debt to reduce interest expense and further enhance our strategic flexibility.
Our strategy is to continue to grow our top line through geographic expansion,
new product innovation and bolt-on acquisitions, while enhancing our
profitability".
ABOUT COLUMBUS MCKINNON
-----------------------
Columbus McKinnon is a leading worldwide designer, manufacturer and marketer of
material handling products, systems and services, which efficiently and
ergonomically move, lift, position or secure material. Key products include
hoists, cranes, chain and forged attachments. The Company is focused on
commercial and industrial applications that require the safety and quality
provided by its superior design and engineering know-how. Comprehensive
information on Columbus McKinnon is available on its web site at
HTTP://WWW.CMWORKS.COM.
-----------------------
SAFE HARBOR STATEMENT
This press release contains "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995. Such statements include,
but are not limited to, statements concerning future revenue and earnings
involving known and unknown risks, uncertainties and other factors that could
cause the actual results of the Company to differ materially from the results
expressed or implied by such statements or other factors disclosed in the
Company's periodic reports filed with the Securities and Exchange Commission.
The Company assumes no obligation to update the forward-looking information
contained in this release.
####
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1024126-000135448813001120-ptx_ex991 | EX-99.1
3
ptx_ex991.htm
PRESS RELEASE
ptx_ex991.htm
EXHIBIT 99.1
Pernix Contact:
Joseph T. Schepers
Director, Investor Relations
(800) 793-2145 ext. 3002
jschepers@pernixtx.com
Pernix Therapeutics Completes Acquisition of Somaxon Pharmaceuticals, Inc.
THE WOODLANDS, TEXAS,
March 6, 2013 - Pernix Therapeutics Holdings, Inc. ("Pernix") (NASDAQ: PTX) today announced the completion of its acquisition of Somaxon Pharmaceuticals, Inc. ("Somaxon") (NASDAQ: SOMX) following the approval of the transaction by stockholders of Somaxon at the special meeting held on March 6, 2013.
Under the terms of the agreement announced on December 11, 2012, Pernix acquired all of the common stock of Somaxon in a stock-for-stock transaction with a total value of $25 million.
Somaxon stockholders will receive approximately 3,665,689 million shares of Pernix common stock based on a per share price of Pernix's common stock of $6.82, the volume-weighted average price of Pernix's common stock over the 30-day period ending on the day immediately prior to today's closing.
Cooper Collins, President and CEO of Pernix, said, "We are pleased to complete the acquisition of Somaxon, which is expected to continue to broaden our product portfolio. We expect Silenor to be an important addition to our product line that will be promoted by our sales force, and we may also develop Silenor as an OTC product".
Silenor® (doxepin) is approved for the treatment of insomnia characterized by difficulty with sleep maintenance and is not a controlled substance. In clinical trials, Silenor demonstrated maintenance of sleep, including into the seventh and eighth hours of the night, with no meaningful evidence of next day residual effects and an overall adverse events profile that was comparable to placebo.
Stifel Nicolaus Weisel acted as financial advisor to Somaxon in the transaction.
Important Safety Information About Silenor
Because sleep disturbances may be caused by underlying physical and/or psychiatric disorders, symptomatic treatment of insomnia should be initiated only after a careful evaluation of the patient. The failure of insomnia to remit after 7-10 days of treatment may indicate the presence of a primary psychiatric and/or medical illness that should be evaluated.
Patients should only take Silenor when they are prepared to get a full night's sleep. Silenor should be taken within 30 minutes of bedtime, and patients should confine their activities after ingestion to those necessary to prepare for bed. Patients should not consume alcohol or take other drugs that cause drowsiness with Silenor. Co-administration of monoamine oxidase inhibitors (MAOIs) with Silenor has not been studied and is not recommended. Patients should not take Silenor if they have untreated narrow angle glaucoma, severe urinary retention, severe sleep apnea or hypersensitivity to any of the ingredients in Silenor. Patients should avoid engaging in hazardous activities such as operating a motor vehicle or heavy machinery at night after taking Silenor, and patients should be cautioned about potential impairment in the performance of such activities that may occur during the day following ingestion. Before taking Silenor, patients should tell their doctors if they have a history of depression, mental illness or suicidal thoughts.
Hypnotics have been associated with complex behaviors such as sleep driving, preparing and eating food, making phone calls, or having sex. Drowsiness, upper respiratory tract infections and nausea were the most common adverse events observed in Silenor clinical trials.
About Pernix Therapeutics Holdings, Inc.
Pernix Therapeutics is a specialty pharmaceutical company primarily focused on the sales, marketing, manufacturing and development of branded, generic and OTC pharmaceutical products. The Company manages a portfolio of branded products, including the recently acquired Hawthorn Pharmaceuticals' product line. The Company's branded products for the pediatrics market include CEDAX®, an antibiotic for middle ear infections, NATROBA™, a topical treatment for head lice marketed under an exclusive co-promotion agreement with ParaPRO, LLC, and a family of treatments for cough and cold (ZUTRIPRO®, BROVEX®, ALDEX® and PEDIATEX®). The Company's branded products for gastroenterology include OMECLAMOX-PAK®, a 10-day treatment for H. pylori infection and duodenal ulcer disease, and REZYST™, a probiotic blend to promote dietary management.
The Company also markets the branded product, SILENOR, for the treatment of insomnia.
The Company promotes its branded pediatric and gastroenterology products through its sales force. Pernix markets its generic products through its wholly-owned subsidiaries, Cypress Pharmaceuticals and Macoven Pharmaceuticals. The Company's wholly-owned subsidiary, Great Southern Laboratories, manufactures and packages products for the pharmaceutical industry in a wide range of dosage-forms. A product candidate utilizing cough-related intellectual property is in development for the U.S. OTC market. Founded in 1996, the Company is based in The Woodlands, TX.
Additional information about Pernix is available on the Company's website located at
www.pernixtx.com
.
Cautionary Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including future financial and operating results, benefits and synergies of the proposed merger, potential cost savings, future opportunities for the combined company and any other statements about Pernix's future expectations, beliefs, goals, plans or prospects. Statements including words such as "estimate", "plan", "project", "forecast", "intend", "view", "hope", "could", "will", "should", "expect", "anticipate", "believe", "seek", "target" or similar expressions should also be considered forward-looking statements. Because these statements reflect current views, expectations and beliefs concerning future events, these forward-looking statements involve risks and uncertainties and assumptions as to future events that may not prove to be accurate. Pernix provides no assurances regarding its future performance, ability to realize future benefits, cost savings and synergies of the completed merger or future opportunities for the combined company. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: the challenges and costs of integrating, restructuring and achieving anticipated cost savings and synergies and other economic, business, competitive, and/or regulatory factors affecting the business of Pernix generally. In addition to these factors, investors should note the other factors described under the caption "Risk Factors" in Pernix's Form 10-K, Form 10-Q and Form 8-K filings with the Securities and Exchange Commission and as otherwise enumerated herein or therein. These forward-looking statements speak only as of the date hereof. Pernix disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this document.
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"the",
"transaction",
"by",
"stockholders",
"of",
"Somaxon",
"at",
"the",
"special",
"meeting",
"held",
"on",
"March",
"6",
",",
"2013",
".",
"Under",
"the",
"terms",
"of",
"the",
"agreement",
"announced",
"on",
"December",
"11",
",",
"2012",
",",
"Pernix",
"acquired",
"all",
"of",
"the",
"common",
"stock",
"of",
"Somaxon",
"in",
"a",
"stock",
"-",
"for",
"-",
"stock",
"transaction",
"with",
"a",
"total",
"value",
"of",
"$",
"25 million",
".",
"Somaxon",
"stockholders",
"will",
"receive",
"approximately",
"3,665,689",
"million",
"shares",
"of",
"Pernix",
"common",
"stock",
"based",
"on",
"a",
"per",
"share",
"price",
"of",
"Pernix",
"'s",
"common",
"stock",
"of",
"$",
"6.82",
",",
"the",
"volume",
"-",
"weighted",
"average",
"price",
"of",
"Pernix",
"'s",
"common",
"stock",
"over",
"the",
"30",
"-",
"day",
"period",
"ending",
"on",
"the",
"day",
"immediately",
"prior",
"to",
"today",
"'s",
"closing",
".",
"Cooper",
"Collins",
",",
"President",
"and",
"CEO",
"of",
"Pernix",
",",
"said",
",",
"\"",
"We",
"are",
"pleased",
"to",
"complete",
"the",
"acquisition",
"of",
"Somaxon",
",",
"which",
"is",
"expected",
"to",
"continue",
"to",
"broaden",
"our",
"product",
"portfolio",
".",
"We",
"expect",
"Silenor",
"to",
"be",
"an",
"important",
"addition",
"to",
"our",
"product",
"line",
"that",
"will",
"be",
"promoted",
"by",
"our",
"sales",
"force",
",",
"and",
"we",
"may",
"also",
"develop",
"Silenor",
"as",
"an",
"OTC",
"product",
"\"",
".",
"Silenor",
"®",
"(",
"doxepin",
")",
"is",
"approved",
"for",
"the",
"treatment",
"of",
"insomnia",
"characterized",
"by",
"difficulty",
"with",
"sleep",
"maintenance",
"and",
"is",
"not",
"a",
"controlled",
"substance",
".",
"In",
"clinical",
"trials",
",",
"Silenor",
"demonstrated",
"maintenance",
"of",
"sleep",
",",
"including",
"into",
"the",
"seventh",
"and",
"eighth",
"hours",
"of",
"the",
"night",
",",
"with",
"no",
"meaningful",
"evidence",
"of",
"next",
"day",
"residual",
"effects",
"and",
"an",
"overall",
"adverse",
"events",
"profile",
"that",
"was",
"comparable",
"to",
"placebo",
".",
"Stifel",
"Nicolaus",
"Weisel",
"acted",
"as",
"financial",
"advisor",
"to",
"Somaxon",
"in",
"the",
"transaction",
".",
"Important",
"Safety",
"Information",
"About",
"Silenor",
"Because",
"sleep",
"disturbances",
"may",
"be",
"caused",
"by",
"underlying",
"physical",
"and",
"/",
"or",
"psychiatric",
"disorders",
",",
"symptomatic",
"treatment",
"of",
"insomnia",
"should",
"be",
"initiated",
"only",
"after",
"a",
"careful",
"evaluation",
"of",
"the",
"patient",
".",
"The",
"failure",
"of",
"insomnia",
"to",
"remit",
"after",
"7",
"-",
"10",
"days",
"of",
"treatment",
"may",
"indicate",
"the",
"presence",
"of",
"a",
"primary",
"psychiatric",
"and",
"/",
"or",
"medical",
"illness",
"that",
"should",
"be",
"evaluated",
".",
"Patients",
"should",
"only",
"take",
"Silenor",
"when",
"they",
"are",
"prepared",
"to",
"get",
"a",
"full",
"night",
"'s",
"sleep",
".",
"Silenor",
"should",
"be",
"taken",
"within",
"30",
"minutes",
"of",
"bedtime",
",",
"and",
"patients",
"should",
"confine",
"their",
"activities",
"after",
"ingestion",
"to",
"those",
"necessary",
"to",
"prepare",
"for",
"bed",
".",
"Patients",
"should",
"not",
"consume",
"alcohol",
"or",
"take",
"other",
"drugs",
"that",
"cause",
"drowsiness",
"with",
"Silenor",
".",
"Co",
"-",
"administration",
"of",
"monoamine",
"oxidase",
"inhibitors",
"(",
"MAOIs",
")",
"with",
"Silenor",
"has",
"not",
"been",
"studied",
"and",
"is",
"not",
"recommended",
".",
"Patients",
"should",
"not",
"take",
"Silenor",
"if",
"they",
"have",
"untreated",
"narrow",
"angle",
"glaucoma",
",",
"severe",
"urinary",
"retention",
",",
"severe",
"sleep",
"apnea",
"or",
"hypersensitivity",
"to",
"any",
"of",
"the",
"ingredients",
"in",
"Silenor",
".",
"Patients",
"should",
"avoid",
"engaging",
"in",
"hazardous",
"activities",
"such",
"as",
"operating",
"a",
"motor",
"vehicle",
"or",
"heavy",
"machinery",
"at",
"night",
"after",
"taking",
"Silenor",
",",
"and",
"patients",
"should",
"be",
"cautioned",
"about",
"potential",
"impairment",
"in",
"the",
"performance",
"of",
"such",
"activities",
"that",
"may",
"occur",
"during",
"the",
"day",
"following",
"ingestion",
".",
"Before",
"taking",
"Silenor",
",",
"patients",
"should",
"tell",
"their",
"doctors",
"if",
"they",
"have",
"a",
"history",
"of",
"depression",
",",
"mental",
"illness",
"or",
"suicidal",
"thoughts",
".",
"Hypnotics",
"have",
"been",
"associated",
"with",
"complex",
"behaviors",
"such",
"as",
"sleep",
"driving",
",",
"preparing",
"and",
"eating",
"food",
",",
"making",
"phone",
"calls",
",",
"or",
"having",
"sex",
".",
"Drowsiness",
",",
"upper",
"respiratory",
"tract",
"infections",
"and",
"nausea",
"were",
"the",
"most",
"common",
"adverse",
"events",
"observed",
"in",
"Silenor",
"clinical",
"trials",
".",
"About",
"Pernix",
"Therapeutics",
"Holdings",
",",
"Inc",
".",
"Pernix",
"Therapeutics",
"is",
"a",
"specialty",
"pharmaceutical",
"company",
"primarily",
"focused",
"on",
"the",
"sales",
",",
"marketing",
",",
"manufacturing",
"and",
"development",
"of",
"branded",
",",
"generic",
"and",
"OTC",
"pharmaceutical",
"products",
".",
"The",
"Company",
"manages",
"a",
"portfolio",
"of",
"branded",
"products",
",",
"including",
"the",
"recently",
"acquired",
"Hawthorn",
"Pharmaceuticals",
"'",
"product",
"line",
".",
"The",
"Company",
"'s",
"branded",
"products",
"for",
"the",
"pediatrics",
"market",
"include",
"CEDAX",
"®",
",",
"an",
"antibiotic",
"for",
"middle",
"ear",
"infections",
",",
"NATROBA",
"™",
",",
"a",
"topical",
"treatment",
"for",
"head",
"lice",
"marketed",
"under",
"an",
"exclusive",
"co",
"-",
"promotion",
"agreement",
"with",
"ParaPRO",
",",
"LLC",
",",
"and",
"a",
"family",
"of",
"treatments",
"for",
"cough",
"and",
"cold",
"(",
"ZUTRIPRO",
"®",
",",
"BROVEX",
"®",
",",
"ALDEX",
"®",
"and",
"PEDIATEX",
"®",
")",
".",
"The",
"Company",
"'s",
"branded",
"products",
"for",
"gastroenterology",
"include",
"OMECLAMOX",
"-",
"PAK",
"®",
",",
"a",
"10",
"-",
"day",
"treatment",
"for",
"H",
".",
"pylori",
"infection",
"and",
"duodenal",
"ulcer",
"disease",
",",
"and",
"REZYST",
"™",
",",
"a",
"probiotic",
"blend",
"to",
"promote",
"dietary",
"management",
".",
"The",
"Company",
"also",
"markets",
"the",
"branded",
"product",
",",
"SILENOR",
",",
"for",
"the",
"treatment",
"of",
"insomnia",
".",
"The",
"Company",
"promotes",
"its",
"branded",
"pediatric",
"and",
"gastroenterology",
"products",
"through",
"its",
"sales",
"force",
".",
"Pernix",
"markets",
"its",
"generic",
"products",
"through",
"its",
"wholly",
"-",
"owned",
"subsidiaries",
",",
"Cypress",
"Pharmaceuticals",
"and",
"Macoven",
"Pharmaceuticals",
".",
"The",
"Company",
"'s",
"wholly",
"-",
"owned",
"subsidiary",
",",
"Great",
"Southern",
"Laboratories",
",",
"manufactures",
"and",
"packages",
"products",
"for",
"the",
"pharmaceutical",
"industry",
"in",
"a",
"wide",
"range",
"of",
"dosage",
"-",
"forms",
".",
"A",
"product",
"candidate",
"utilizing",
"cough",
"-",
"related",
"intellectual",
"property",
"is",
"in",
"development",
"for",
"the",
"U",
".",
"S",
".",
"OTC",
"market",
".",
"Founded",
"in",
"1996",
",",
"the",
"Company",
"is",
"based",
"in",
"The",
"Woodlands",
",",
"TX",
".",
"Additional",
"information",
"about",
"Pernix",
"is",
"available",
"on",
"the",
"Company",
"'s",
"website",
"located",
"at",
"www.pernixtx.com",
".",
"Cautionary",
"Notice",
"Regarding",
"Forward",
"-",
"Looking",
"Statements",
"This",
"press",
"release",
"contains",
"forward",
"-",
"looking",
"statements",
"within",
"the",
"meaning",
"of",
"the",
"Private",
"Securities",
"Litigation",
"Reform",
"Act",
"of",
"1995",
",",
"including",
"future",
"financial",
"and",
"operating",
"results",
",",
"benefits",
"and",
"synergies",
"of",
"the",
"proposed",
"merger",
",",
"potential",
"cost",
"savings",
",",
"future",
"opportunities",
"for",
"the",
"combined",
"company",
"and",
"any",
"other",
"statements",
"about",
"Pernix",
"'s",
"future",
"expectations",
",",
"beliefs",
",",
"goals",
",",
"plans",
"or",
"prospects",
".",
"Statements",
"including",
"words",
"such",
"as",
"\"",
"estimate",
"\"",
",",
"\"",
"plan",
"\"",
",",
"\"",
"project",
"\"",
",",
"\"",
"forecast",
"\"",
",",
"\"",
"intend",
"\"",
",",
"\"",
"view",
"\"",
",",
"\"",
"hope",
"\"",
",",
"\"",
"could",
"\"",
",",
"\"",
"will",
"\"",
",",
"\"",
"should",
"\"",
",",
"\"",
"expect",
"\"",
",",
"\"",
"anticipate",
"\"",
",",
"\"",
"believe",
"\"",
",",
"\"",
"seek",
"\"",
",",
"\"",
"target",
"\"",
"or",
"similar",
"expressions",
"should",
"also",
"be",
"considered",
"forward",
"-",
"looking",
"statements",
".",
"Because",
"these",
"statements",
"reflect",
"current",
"views",
",",
"expectations",
"and",
"beliefs",
"concerning",
"future",
"events",
",",
"these",
"forward",
"-",
"looking",
"statements",
"involve",
"risks",
"and",
"uncertainties",
"and",
"assumptions",
"as",
"to",
"future",
"events",
"that",
"may",
"not",
"prove",
"to",
"be",
"accurate",
".",
"Pernix",
"provides",
"no",
"assurances",
"regarding",
"its",
"future",
"performance",
",",
"ability",
"to",
"realize",
"future",
"benefits",
",",
"cost",
"savings",
"and",
"synergies",
"of",
"the",
"completed",
"merger",
"or",
"future",
"opportunities",
"for",
"the",
"combined",
"company",
".",
"The",
"following",
"factors",
",",
"among",
"others",
",",
"could",
"cause",
"actual",
"results",
"to",
"differ",
"materially",
"from",
"those",
"described",
"in",
"the",
"forward",
"-",
"looking",
"statements",
":",
"the",
"challenges",
"and",
"costs",
"of",
"integrating",
",",
"restructuring",
"and",
"achieving",
"anticipated",
"cost",
"savings",
"and",
"synergies",
"and",
"other",
"economic",
",",
"business",
",",
"competitive",
",",
"and",
"/",
"or",
"regulatory",
"factors",
"affecting",
"the",
"business",
"of",
"Pernix",
"generally",
".",
"In",
"addition",
"to",
"these",
"factors",
",",
"investors",
"should",
"note",
"the",
"other",
"factors",
"described",
"under",
"the",
"caption",
"\"",
"Risk",
"Factors",
"\"",
"in",
"Pernix",
"'s",
"Form",
"10",
"-",
"K",
",",
"Form",
"10",
"-",
"Q",
"and",
"Form",
"8",
"-",
"K",
"filings",
"with",
"the",
"Securities",
"and",
"Exchange",
"Commission",
"and",
"as",
"otherwise",
"enumerated",
"herein",
"or",
"therein",
".",
"These",
"forward",
"-",
"looking",
"statements",
"speak",
"only",
"as",
"of",
"the",
"date",
"hereof",
".",
"Pernix",
"disclaims",
"any",
"intention",
"or",
"obligation",
"to",
"update",
"any",
"forward",
"-",
"looking",
"statements",
"as",
"a",
"result",
"of",
"developments",
"occurring",
"after",
"the",
"date",
"of",
"this",
"document",
"."
] | [
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"B-Parties.BUYING_COMPANY",
"I-Parties.BUYING_COMPANY",
"O",
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"B-Parties.ACQUIRED_COMPANY",
"I-Parties.ACQUIRED_COMPANY",
"I-Parties.ACQUIRED_COMPANY",
"I-Parties.ACQUIRED_COMPANY",
"I-Parties.ACQUIRED_COMPANY",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"B-Parties.BUYING_COMPANY",
"I-Parties.BUYING_COMPANY",
"I-Parties.BUYING_COMPANY",
"I-Parties.BUYING_COMPANY",
"I-Parties.BUYING_COMPANY",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"B-Parties.ACQUIRED_COMPANY",
"I-Parties.ACQUIRED_COMPANY",
"I-Parties.ACQUIRED_COMPANY",
"I-Parties.ACQUIRED_COMPANY",
"I-Parties.ACQUIRED_COMPANY",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"B-Parties.BUYING_COMPANY",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"B-Parties.ACQUIRED_COMPANY",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"B-Parties.ACQUIRED_COMPANY",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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1043382-000104338210000014-exhibit_99-1 | EX-99.1
2
exhibit_99-1.htm
EXHIBIT 99.1 - PRESS RELEASE
exhibit_99-1.htm
Exhibit 99.1
NEWS
FOR IMMEDIATE RELEASE
Solutia Inc.
575 Maryville Centre Drive
St. Louis, Missouri 63141
P.O. Box 66760
St. Louis, Missouri 63166-6760
Media:
Melissa Zona (314) 674-5555
Investors:
Susannah Livingston (314) 674-8914
Solutia Completes Acquisition of Etimex Solar
Uniquely positions Solutia as a global provider of both major encapsulants to the fast-growing
photovoltaics industry
ST. LOUIS, June 1, 2010 --
Solutia Inc. (NYSE: SOA) has consummated the previously announced purchase of Etimex Solar GmbH, producer of Vistasolar® encapsulants, including a leading ethylene vinyl acetate (EVA) encapsulant to the photovoltaic market. The €240 ($294) million acquisition of German-based Etimex Solar from Etimex Holding GmbH, which is controlled by funds advised by Alpha Gruppe, was funded with existing cash.
"The completion of this transaction is a significant step in Solutia's previously stated strategy to prudently grow its specialty chemicals and performance materials portfolio through highly synergistic, bolt-on acquisitions", said Jeffry N. Quinn, chairman, president and chief executive officer of Solutia Inc. "This acquisition enhances Solutia's already strong margins while diversifying and expanding our end markets, further strengthening our position as a leading components supplier to the high-growth renewable energy sector".
The addition of Vistasolar EVA into Solutia's Advanced Interlayer division, which includes Saflex PVB, uniquely positions Solutia as the sole provider of both major encapsulants to the fast-growing photovoltaic industry. "We are positioned to better meet customer needs by providing the broadest product offering in the industry", said Timothy J. Wessel, president and general manager of Solutia's Advanced Interlayer division. "The combined processing expertise, global commercial capabilities and technology resources will accelerate the expansion of both Saflex and Vistasolar in the photovoltaic market".
# # #
NOTE TO EDITORS
: Solutia, Saflex and Vistasolar are trademarks of Solutia Inc. and/or its subsidiaries. Etimex Solar and Etimex are trademarks of Etimex Holding GmbH.
Forward Looking Statements
This press release contains forward-looking statements, including, but not limited to statements about projected financial performance, which can be identified by the use of words such as "believes", "expects", "may", "will", "intends", "plans", "estimates" or "anticipates", or other comparable terminology, or by discussions of strategy, plans or intentions. These statements are based on management's current expectations and assumptions about the industries in which Solutia operates. Forward-looking statements are not guarantees of future performance and are subject to significant risks and uncertainties that may cause actual results or achievements to be materially different from the future results or achievements expressed or implied by the forward-looking statements. These risks and uncertainties include, but are not limited to, the accuracy of our assumptions, and those risk and uncertainties described in Solutia's most recent Annual Report on Form 10-K, including under "Cautionary Statement About Forward Looking Statements" and "Risk Factors", and Solutia's quarterly reports on Form 10-Q. These reports can be accessed through the "Investors" section of Solutia's website at www.solutia.com. Solutia disclaims any intent or obligation to update or revise any forward-looking statements in response to new information, unforeseen events, changed circumstances or any other occurrence.
Corporate Profile
Solutia is a market-leading performance materials and specialty chemicals company. The company focuses on providing solutions for a better life through a range of products, including: Saflex® polyvinyl butyral interlayers for glass lamination and for photovoltaic module encapsulation and Vistasolar® ethylene vinyl acetate films for photovoltaic module encapsulation; LLumar®, Vista™, FormulaOne™, Gila®, V-Kool®, Hüper Optik®, Sun-X® and Nanolux® aftermarket performance films for automotive and architectural applications; Flexvue™ advanced film component solutions for solar and electronic technologies; and technical specialties products including Crystex® insoluble sulfur, Santoflex® PPD antidegradants, Therminol® heat transfer fluids and Skydrol® aviation hydraulic fluids. Solutia's businesses are world leaders in each of their market segments. With its headquarters in St. Louis, Missouri, USA, the company operates globally with approximately 3,300 employees in more than 50 worldwide locations. More information is available at www.Solutia.com.
Source: Solutia Inc.
St. Louis
6/1/10
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48465-000110465913006551-a13-4060_1ex99 | EX-99
2
a13-4060_1ex99.htm
EX-99
Exhibit 99
Contact:
Julie H. Craven
507-437-5345
media@hormel.com
Hormel Foods closes acquisition of U.S. Skippy
®
peanut butter business
AUSTIN, Minn.,
(January 31, 2013) - Hormel Foods Corporation (NYSE: HRL) today announced the closing of its acquisition of the United States based
Skippy
®
peanut butter business from Unilever United States Inc., of Englewood Cliffs, N.J. This closing includes the Little Rock, Ark., manufacturing facility and all sales worldwide, except sales in China. Hormel Foods expects to close the acquisition of the China based
Skippy
®
peanut butter business by the end of its fiscal year 2013.
Total annual sales for the
Skippy
®
peanut butter business are expected to be approximately $370 million, with nearly $100 million of those sales outside the United States. The purchase price is approximately $700 million.
The
Skippy
®
peanut butter domestic line consists of 11 varieties of shelf-stable peanut butter products. The brand, first introduced in 1932, holds the No. 2 share in this growing center-of-the-store category and is the leading brand in the faster growing subcategory of natural peanut butter. Peanut butter is a $2 billion category with a 74 percent household penetration and is the second most popular sandwich behind ham in the United States.
Internationally,
Skippy
®
peanut butter is the leading brand in China and is sold in more than 30 other countries on five continents.
About Hormel Foods
Hormel Foods Corporation, based in Austin, Minn., is a multinational manufacturer and marketer of consumer-branded food and meat products, many of which are among the best known and trusted in the food industry. The company leverages its extensive expertise, innovation and high competencies in pork and turkey processing and marketing to bring branded, value-added products to the global marketplace. The company is a member of the Standard & Poor's (S&P) 500 Index, S&P Dividend Aristocrats for 2012, Maplecroft Climate Innovation Indexes, Global 1000 Sustainable Performance Leaders and was again named one of "The 100 Best Corporate Citizens" by Corporate Responsibility Magazine for the fourth year in a row. Hormel Foods debuted on the G.I. Jobs magazine list of America's Top 100 Military Friendly Employers in 2012. The company enjoys a strong reputation among consumers, retail grocers, foodservice and industrial customers for products highly regarded for quality, taste, nutrition, convenience and value. For more information, visit
http://www.hormelfoods.com
.
Forward-Looking Statements
This news release contains forward-looking information based on management's current views and assumptions. Actual events may differ materially. Factors that may affect actual results include, but are not limited to: whether and when the required regulatory approvals will be obtained, whether and when the closing conditions will be satisfied and whether and when the transaction will close, whether and when the Company will be able to realize the expected financial results and accretive effect of the transaction, and how customers, competitors, suppliers and employees will react to the transaction. Please refer to the cautionary comments regarding Forward-Looking Statements and Risk Factors that appear on pages 27-30 in the company's 2012 annual report, which can be accessed at http://www.hormelfoods.com under "Investors-Annual Reports" for other factors that could affect our business.
1
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".",
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"Foods",
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",",
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",",
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"-",
"branded",
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",",
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",",
"value",
"-",
"added",
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"'",
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"The",
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"Best",
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"Citizens",
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"Responsibility",
"Magazine",
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",",
"retail",
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",",
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"highly",
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",",
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",",
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",",
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"value",
".",
"For",
"more",
"information",
",",
"visit",
"http://www.hormelfoods.com",
".",
"Forward",
"-",
"Looking",
"Statements",
"This",
"news",
"release",
"contains",
"forward",
"-",
"looking",
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"Actual",
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"Factors",
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"may",
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"actual",
"results",
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",",
"but",
"are",
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"limited",
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":",
"whether",
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"when",
"the",
"required",
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"approvals",
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",",
"whether",
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",",
"whether",
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",",
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",",
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",",
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"comments",
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"-",
"Looking",
"Statements",
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"-",
"30",
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"company",
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"2012",
"annual",
"report",
",",
"which",
"can",
"be",
"accessed",
"at",
"http://www.hormelfoods.com",
"under",
"\"",
"Investors",
"-",
"Annual",
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"\"",
"for",
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1069899-000157104916011076-t1600238_ex99-1 | EX-99.1
2
t1600238_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
For Immediate Release
Phibro Animal Health Corporation Announces Closing of Acquisition
of Business of MVP Laboratories, Inc.
TEANECK, N.J., January 25, 2016 (GLOBE
NEWSWIRE)
- Phibro Animal Health Corporation ("Phibro") (NASDAQ:PAHC) today announced it has completed its
purchase of the assets of MVP Laboratories, Inc. ("MVP"), a developer, manufacturer and marketer of livestock vaccines,
vaccine adjuvants and other products based in Omaha, Nebraska. Phibro previously announced an agreement to purchase the assets
of MVP Laboratories, Inc. on January 12, 2016.
About Phibro Animal Health Corporation
Phibro Animal Health Corporation is a diversified global developer,
manufacturer and marketer of a broad range of animal health and mineral nutrition products for use in the production of poultry,
swine, cattle, dairy and aquaculture. The company reported net sales of $749 million for the fiscal year ended June 30, 2015.
For further information, please visit www.pahc.com.
Contact
Phibro Animal Health Corporation
Richard Johnson
Chief Financial Officer
+1-201-329-7300
investor.relations@pahc.com
Forward-Looking Statements
This communication contains forward-looking
statements, which reflect Phibro's current views with respect to business plans or prospects, the transactions described
herein, and other future events. You can identify forward-looking statements by the fact that they do not relate strictly to historical
or current facts. These statements may include words such as "aim", "anticipate", "believe,"
"estimate", "expect", "forecast", "outlook", "potential", "project,"
"projection", "plan", "intend", "seek", "believe", "may,"
"could", "would", "will", "should", "can", "can have,"
"likely", the negatives thereof and other words and terms of similar meaning in connection with any discussion of
the timing or nature of future operating or financial performance or other events. These statements are not guarantees of future
performance or actions. Forward-looking statements are subject to risks and uncertainties. If one or more of these risks or uncertainties
materialize, or if management's underlying assumptions prove to be incorrect, actual results may differ materially from
those contemplated by a forward-looking statement. Forward-looking statements speak only as of the date on which they are made.
Phibro expressly disclaims any obligation to update or revise any forward-looking statement, whether as a result of new information,
future events or otherwise. A further list and description of risks, uncertainties and other matters can be found in our Annual
Report on Form 10-K and our Quarterly Reports on Form 10-Q, including in the sections thereof captioned "Forward-Looking
Statements" and "Risk Factors." These filings and subsequent filings are available online at
www.sec.gov
,
www.pahc.com
, or on request from Phibro.
| [
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".",
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",",
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".",
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"Animal",
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"Richard",
"Johnson",
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"+",
"1",
"-",
"201",
"-",
"329",
"-",
"7300",
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793733-000110465905043902-a05-16042_1ex99d1 | EX-99.1
5
a05-16042_1ex99d1.htm
EX-99.1
Exhibit 99.1
NEWS RELEASE
For more information contact:
Michael J. Kraupp
VP Finance and Asst. Treasurer
St. George, UT 84790
Telephone: (435) 634-3203
Fax: (435) 634-3205
FOR IMMEDIATE RELEASE: September 8, 2005
SKYWEST COMPLETES PURCHASE OF ATLANTIC SOUTHEAST
AIRLINES
ST. GEORGE, UT,-(NASDAQ:SKYW) SkyWest, Inc., ("SkyWest") announced
today that it has completed the purchase of Atlantic Southeast Airlines, Inc.,("ASA")
for a purchase price of $425 million. As
a result of the transaction, ASA is now a wholly-owned subsidiary of SkyWest. Together with SkyWest Airlines, Inc., ("SkyWest
Airlines") SkyWest's existing wholly-owned subsidiary, the two carriers will
create the largest regional airline carrier network in the domestic United
States. The purchase transaction also
resulted in the amendment and extension of existing Delta Connection operating
agreements under which SkyWest Airlines and ASA obtained the rights to continue
flying as Delta Connection carriers through 2020.
"The acquisition of ASA enhances our strategic position and
accomplishes several key corporate objectives", said Bradford R. Rich, SkyWest Executive
Vice President, Chief Financial Officer and Treasurer. "We are pleased that the deal has been
consummated, but remain focused on the importance of serving our customers and
providing a productive work environment for our employees" he continued.
SkyWest paid $350 million in cash at closing, consisting of $330
million of the purchase price and $20 million relating to certain aircraft financing
deposits Delta had previously paid. An
additional $125 million representing $95 million of the purchase price and $30
million relating to the return of certain aircraft financing deposits is
payable to Delta, pursuant to the terms of an escrow agreement, upon the
earlier of the assumption by Delta of the ASA and SkyWest Airlines Delta
Connection Agreements should Delta file for reorganization under Chapter 11, or
four years after closing of the transaction.
SkyWest would be entitled to retain the escrow deposit if Delta files
for reorganization under Chapter 11 and rejects its Delta Connection agreement
with ASA or SkyWest Airlines prior to the fourth anniversary of the closing of
this transaction.
Separate Operations
For the foreseeable future, SkyWest intends to operate SkyWest Airlines
and ASA as wholly-owned subsidiaries, with separate labor groups and FAA
operating certificates.
For the first year following the closing of the transaction, Delta has
agreed to continue to provide to ASA certain transitional administrative and
information technology services. SkyWest
expects those functions will be transitioned to SkyWest personnel over the
course of the coming year. As part of
its planned transition, SkyWest intends to launch an intense "best practices"
initiative to identify and capitalize on the strengths of each of SkyWest
Airlines and ASA and to realize potential efficiencies.
Customers
SkyWest does not currently intend to make any significant changes to
the operating schedules or aircraft deployment of either SkyWest Airlines or
ASA. Customers of both carriers can
continue to expect to receive the superior high-quality service to which they
have become accustomed. Combined,
SkyWest Airlines and ASA will have primary hubs in Atlanta, Cincinnati,
Chicago, Los Angeles, San Francisco, Salt Lake City, Denver, Portland, and
Seattle/Tacoma.
ASA and SWA Delta Connection Agreements
The new Delta Connection agreements provide for each of SkyWest
Airlines and ASA to continue flying as Delta Connection Carriers for terms of
15 years. These agreements will continue
to be capacity purchase arrangements with both carriers being compensated in a
manner substantially similar to their prior agreements.
Forward-Looking Statements
In addition to historical information, this release contains
forward-looking statements. SkyWest may,
from time to time, make written or oral forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. Such statements encompass SkyWest's beliefs,
expectations, hopes or intentions regarding future events. Words such as "expects", "intends", "believes,"
"anticipates", "should", "likely" and similar expressions identify
forward-looking statements. All
forward-looking statements included in this release are made as of the date
hereof and are based on information available to SkyWest as of such date. SkyWest assumes no obligation and does not
intend to update any forward-looking statement. Actual results will vary, and
may vary materially, from those anticipated, estimated, projected or expected
for a number of reasons, including, among others: potential bankruptcy or
restructuring proceedings involving Delta, the inability or failure of SkyWest to
integrate the operations and employees of SkyWest Airlines and ASA and achieve
the anticipated synergies as a result of the acquisition; the failure to
accurately forecast acquisition-related costs; the effects of hurricanes,
tropical storms and other weather-related events, particularly in the
southeastern United States; and the challenges of competing successfully in a
highly
competitive and rapidly changing industry. Other factors that may cause
actual results to vary from SkyWest's expectations include developments
associated with fluctuations in the economy and the demand for air travel;
bankruptcy proceedings involving United Airlines, Inc.; ongoing
negotiations between SkyWest and its major partners regarding their contractual
relationships; variations in market and economic conditions; employee relations
and labor costs; rapidly escalating fuel costs; the degree and nature of
competition; SkyWest's ability to expand services in new and existing markets
and to maintain profit margins in the face of pricing pressures; aircraft deliveries
and SkyWest's ability to obtain financing; and other unanticipated
factors. Risk factors, cautionary
statements and other conditions which could cause actual results to differ from
SkyWest's current expectations are contained in SkyWest's filings with the
Securities and Exchange Commission, including the risk factors set forth in
SkyWest's most recently filed Annual Report on Form 10-K and Quarterly
Report on Form 10-Q. All
forward-looking statements are qualified in their entirety by this cautionary
statement.
This press release and additional information about SkyWest can be
accessed online at www.skywest.com.
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"to",
"the",
"return",
"of",
"certain",
"aircraft",
"financing",
"deposits",
"is",
"payable",
"to",
"Delta",
",",
"pursuant",
"to",
"the",
"terms",
"of",
"an",
"escrow",
"agreement",
",",
"upon",
"the",
"earlier",
"of",
"the",
"assumption",
"by",
"Delta",
"of",
"the",
"ASA",
"and",
"SkyWest",
"Airlines",
"Delta",
"Connection",
"Agreements",
"should",
"Delta",
"file",
"for",
"reorganization",
"under",
"Chapter",
"11",
",",
"or",
"four",
"years",
"after",
"closing",
"of",
"the",
"transaction",
".",
"SkyWest",
"would",
"be",
"entitled",
"to",
"retain",
"the",
"escrow",
"deposit",
"if",
"Delta",
"files",
"for",
"reorganization",
"under",
"Chapter",
"11",
"and",
"rejects",
"its",
"Delta",
"Connection",
"agreement",
"with",
"ASA",
"or",
"SkyWest",
"Airlines",
"prior",
"to",
"the",
"fourth",
"anniversary",
"of",
"the",
"closing",
"of",
"this",
"transaction",
".",
"Separate",
"Operations",
"For",
"the",
"foreseeable",
"future",
",",
"SkyWest",
"intends",
"to",
"operate",
"SkyWest",
"Airlines",
"and",
"ASA",
"as",
"wholly",
"-",
"owned",
"subsidiaries",
",",
"with",
"separate",
"labor",
"groups",
"and",
"FAA",
"operating",
"certificates",
".",
"For",
"the",
"first",
"year",
"following",
"the",
"closing",
"of",
"the",
"transaction",
",",
"Delta",
"has",
"agreed",
"to",
"continue",
"to",
"provide",
"to",
"ASA",
"certain",
"transitional",
"administrative",
"and",
"information",
"technology",
"services",
".",
"SkyWest",
"expects",
"those",
"functions",
"will",
"be",
"transitioned",
"to",
"SkyWest",
"personnel",
"over",
"the",
"course",
"of",
"the",
"coming",
"year",
".",
"As",
"part",
"of",
"its",
"planned",
"transition",
",",
"SkyWest",
"intends",
"to",
"launch",
"an",
"intense",
"\"",
"best",
"practices",
"\"",
"initiative",
"to",
"identify",
"and",
"capitalize",
"on",
"the",
"strengths",
"of",
"each",
"of",
"SkyWest",
"Airlines",
"and",
"ASA",
"and",
"to",
"realize",
"potential",
"efficiencies",
".",
"Customers",
"SkyWest",
"does",
"not",
"currently",
"intend",
"to",
"make",
"any",
"significant",
"changes",
"to",
"the",
"operating",
"schedules",
"or",
"aircraft",
"deployment",
"of",
"either",
"SkyWest",
"Airlines",
"or",
"ASA",
".",
"Customers",
"of",
"both",
"carriers",
"can",
"continue",
"to",
"expect",
"to",
"receive",
"the",
"superior",
"high",
"-",
"quality",
"service",
"to",
"which",
"they",
"have",
"become",
"accustomed",
".",
"Combined",
",",
"SkyWest",
"Airlines",
"and",
"ASA",
"will",
"have",
"primary",
"hubs",
"in",
"Atlanta",
",",
"Cincinnati",
",",
"Chicago",
",",
"Los",
"Angeles",
",",
"San",
"Francisco",
",",
"Salt",
"Lake",
"City",
",",
"Denver",
",",
"Portland",
",",
"and",
"Seattle",
"/",
"Tacoma",
".",
"ASA",
"and",
"SWA",
"Delta",
"Connection",
"Agreements",
"The",
"new",
"Delta",
"Connection",
"agreements",
"provide",
"for",
"each",
"of",
"SkyWest",
"Airlines",
"and",
"ASA",
"to",
"continue",
"flying",
"as",
"Delta",
"Connection",
"Carriers",
"for",
"terms",
"of",
"15",
"years",
".",
"These",
"agreements",
"will",
"continue",
"to",
"be",
"capacity",
"purchase",
"arrangements",
"with",
"both",
"carriers",
"being",
"compensated",
"in",
"a",
"manner",
"substantially",
"similar",
"to",
"their",
"prior",
"agreements",
".",
"Forward",
"-",
"Looking",
"Statements",
"In",
"addition",
"to",
"historical",
"information",
",",
"this",
"release",
"contains",
"forward",
"-",
"looking",
"statements",
".",
"SkyWest",
"may",
",",
"from",
"time",
"to",
"time",
",",
"make",
"written",
"or",
"oral",
"forward",
"-",
"looking",
"statements",
"within",
"the",
"meaning",
"of",
"the",
"Private",
"Securities",
"Litigation",
"Reform",
"Act",
"of",
"1995",
".",
"Such",
"statements",
"encompass",
"SkyWest",
"'s",
"beliefs",
",",
"expectations",
",",
"hopes",
"or",
"intentions",
"regarding",
"future",
"events",
".",
"Words",
"such",
"as",
"\"",
"expects",
"\"",
",",
"\"",
"intends",
"\"",
",",
"\"",
"believes",
",",
"\"",
"\"",
"anticipates",
"\"",
",",
"\"",
"should",
"\"",
",",
"\"",
"likely",
"\"",
"and",
"similar",
"expressions",
"identify",
"forward",
"-",
"looking",
"statements",
".",
"All",
"forward",
"-",
"looking",
"statements",
"included",
"in",
"this",
"release",
"are",
"made",
"as",
"of",
"the",
"date",
"hereof",
"and",
"are",
"based",
"on",
"information",
"available",
"to",
"SkyWest",
"as",
"of",
"such",
"date",
".",
"SkyWest",
"assumes",
"no",
"obligation",
"and",
"does",
"not",
"intend",
"to",
"update",
"any",
"forward",
"-",
"looking",
"statement",
".",
"Actual",
"results",
"will",
"vary",
",",
"and",
"may",
"vary",
"materially",
",",
"from",
"those",
"anticipated",
",",
"estimated",
",",
"projected",
"or",
"expected",
"for",
"a",
"number",
"of",
"reasons",
",",
"including",
",",
"among",
"others",
":",
"potential",
"bankruptcy",
"or",
"restructuring",
"proceedings",
"involving",
"Delta",
",",
"the",
"inability",
"or",
"failure",
"of",
"SkyWest",
"to",
"integrate",
"the",
"operations",
"and",
"employees",
"of",
"SkyWest",
"Airlines",
"and",
"ASA",
"and",
"achieve",
"the",
"anticipated",
"synergies",
"as",
"a",
"result",
"of",
"the",
"acquisition",
";",
"the",
"failure",
"to",
"accurately",
"forecast",
"acquisition",
"-",
"related",
"costs",
";",
"the",
"effects",
"of",
"hurricanes",
",",
"tropical",
"storms",
"and",
"other",
"weather",
"-",
"related",
"events",
",",
"particularly",
"in",
"the",
"southeastern",
"United",
"States",
";",
"and",
"the",
"challenges",
"of",
"competing",
"successfully",
"in",
"a",
"highly",
"competitive",
"and",
"rapidly",
"changing",
"industry",
".",
"Other",
"factors",
"that",
"may",
"cause",
"actual",
"results",
"to",
"vary",
"from",
"SkyWest",
"'s",
"expectations",
"include",
"developments",
"associated",
"with",
"fluctuations",
"in",
"the",
"economy",
"and",
"the",
"demand",
"for",
"air",
"travel",
";",
"bankruptcy",
"proceedings",
"involving",
"United",
"Airlines",
",",
"Inc",
".",
";",
"ongoing",
"negotiations",
"between",
"SkyWest",
"and",
"its",
"major",
"partners",
"regarding",
"their",
"contractual",
"relationships",
";",
"variations",
"in",
"market",
"and",
"economic",
"conditions",
";",
"employee",
"relations",
"and",
"labor",
"costs",
";",
"rapidly",
"escalating",
"fuel",
"costs",
";",
"the",
"degree",
"and",
"nature",
"of",
"competition",
";",
"SkyWest",
"'s",
"ability",
"to",
"expand",
"services",
"in",
"new",
"and",
"existing",
"markets",
"and",
"to",
"maintain",
"profit",
"margins",
"in",
"the",
"face",
"of",
"pricing",
"pressures",
";",
"aircraft",
"deliveries",
"and",
"SkyWest",
"'s",
"ability",
"to",
"obtain",
"financing",
";",
"and",
"other",
"unanticipated",
"factors",
".",
"Risk",
"factors",
",",
"cautionary",
"statements",
"and",
"other",
"conditions",
"which",
"could",
"cause",
"actual",
"results",
"to",
"differ",
"from",
"SkyWest",
"'s",
"current",
"expectations",
"are",
"contained",
"in",
"SkyWest",
"'s",
"filings",
"with",
"the",
"Securities",
"and",
"Exchange",
"Commission",
",",
"including",
"the",
"risk",
"factors",
"set",
"forth",
"in",
"SkyWest",
"'",
"s",
"most",
"recently",
"filed",
"Annual",
"Report",
"on",
"Form",
"10",
"-",
"K",
"and",
"Quarterly",
"Report",
"on",
"Form",
"10",
"-",
"Q",
".",
"All",
"forward",
"-",
"looking",
"statements",
"are",
"qualified",
"in",
"their",
"entirety",
"by",
"this",
"cautionary",
"statement",
".",
"This",
"press",
"release",
"and",
"additional",
"information",
"about",
"SkyWest",
"can",
"be",
"accessed",
"online",
"at",
"www.skywest.com",
"."
] | [
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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] |
75340-000114420416083090-v431817_ex99-1 | EX-99.1
7
v431817_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
P&F INDUSTRIES REPORTS THE SALE OF
NATIONWIDE INDUSTRIES, INC.
MELVILLE, N.Y., February
12, 2016 - P&F Industries, Inc. (NASDAQ: PFIN) ("P&F") today announced the sale of Nationwide Industries Inc.,
("Nationwide") to a subsidiary of Argosy Private Equity, a division of Argosy Capital for approximately $22.2 million,
subject to working capital adjustment.
Richard Horowitz, P&F's
Chairman of the Board of Directors, Chief Executive Officer and President of P&F stated, "The sale of Nationwide is a
significant component of our strategic objective of transforming P&F into a more focused organization. Part of this business
strategy is to center our position in the air tools and related accessories sector. While Nationwide has delivered many years of
earnings contributing to P&F's overall success, this transaction is another step toward enabling P&F to move forward
on its strategy, as we have divested our other diversified business units over the last several years." Mr. Horowitz added,
"The net proceeds will be used to pay down our bank borrowings. Lastly, I wish to point out that the staff at Nationwide
is hardworking, loyal employees, who always put Nationwide, P&F as well as our shareholders first. However, we believe this
is the right decision at the right time to enable P&F to grow in a more focused and integrated manner".
Mr. Horowitz concluded
his remarks by noting, "Daroth Capital Advisors acted as financial advisor to P&F throughout this arduous process. Many
thanks go to Peter Rothschild, President of Daroth and to his team. Their efforts contributed greatly to the success of this strategic
transaction".
About P&F Industries, Inc.
P&F Industries,
Inc., through its wholly owned subsidiaries, is a leading manufacturer and importer of air-powered tools and accessories sold principally
to the retail, industrial and automotive markets. P&F's products are sold under its own trademarks, as well as under
the private labels of major manufacturers and retailers.
About Daroth Capital Advisors LLC
Daroth provides a full
array of financial advisory services to companies, financial sponsors and institutional investors, including advice regarding M&A
transactions, financings, and strategic planning. Daroth is a member of FINRA and SIPC, and is registered with the SEC as a broker-dealer
(
www.daroth.com
). For more information regarding this transaction, please contact Peter Rothschild at (212) 687-2500.
Safe Harbor Statement
.
This is a Safe-Harbor
Statement under the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein, including
those related to the Company's future performance, and those contained in the comments of management, are based upon the Company's
historical performance and on current plans, estimates and expectations, which are subject to various risks and uncertainties,
including, but not limited to, the strength of the retail, industrial, automotive, housing and other markets in which the Company
operates, the impact of competition, product demand, supply chain pricing, the Company's debt and debt service requirements
and those other risks and uncertainties described in the Company's most recent Annual Report on Form 10-K, and its other
reports and statements filed by the Company with the Securities and Exchange Commission. These risks could cause the Company's
actual results in future periods to differ materially from those expressed in any forward-looking statement made by or on behalf
of the Company. Forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation
to update publicly or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.
Joseph A. Molino, Jr.
Chief Financial and Chief Operating Officer
631-694-9800
www.pfina.com
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1302343-000114036118038813-ex99_1 | EX-99.1
2
ex99_1.htm
EXHIBIT 99.1
Exhibit 99.1
Greystar Announces Completion of $4.6 Billion EdR Acquisition
MEMPHIS, Tenn. - September 20, 2018 -
EdR (NYSE:EDR), one of the nation's largest developers, owners and managers of high-quality collegiate housing communities, today announced the completion of the previously disclosed acquisition led by funds managed by an affiliate of Greystar Real Estate Partners. The announcement follows EdR stockholders' vote to approve the merger at a meeting held September 14, 2018. The total transaction value is approximately $4.6 billion.
Pursuant to the transaction, EdR's stockholders are entitled to receive $41.50 per share in cash. As a result of the transaction, EdR's common stock ceased trading on the New York Stock Exchange effective before the market opened today.
"Not only was the sale beneficial to EdR's shareholders, but joining forces with Greystar will also benefit our residents, university partners and employees", said Randy Churchey, EdR's Chief Executive Officer and Chairman of the Board of Directors. "This transaction greatly expands Greystar's U.S. student housing portfolio and opens up even more opportunities for our current and future university partners who are looking at expanding their on-campus housing through Public-Private Partnerships (P3). The integration of EdR's on-campus experience and operating expertise with Greystar's investment platform and access to capital positions us to help even more of America's prestigious universities enhance their campus housing and achieve their student retention and success goals".
"Completing this highly strategic transaction provides us with an institutional-quality student housing platform at a scale that would be very difficult to replicate in the private market", said Bob Faith, the Founder, Chairman and Chief Executive Officer of Greystar. "It also advances our long-term strategy to grow our global student housing footprint, and we look forward to leveraging our proven platform to enhance the company's performance and value. EdR boasts a deep bench of talent and we look forward to welcoming their team into the Greystar family".
EdR's student housing platform will operate under the Greystar brand and retain its leadership team and operational headquarters in Memphis, Tenn.
BofA Merrill Lynch served as exclusive financial advisor, and Morrison & Foerster LLP and Venable LLP served as legal advisors to EdR. J.P. Morgan Securities LLC served as exclusive financial advisor, and Hogan Lovells US LLP and King & Spalding served as legal advisors, to Greystar.
JPMorgan Chase Bank, N.A. provided debt financing for the transaction.
In conjunction with the above transaction, a joint venture between an affiliate of Blackstone Real Estate Income Trust, Inc. ("BREIT") and an affiliate of Greystar acquired a portfolio of 20 of the EdR communities for $1.2 billion. The off-campus communities are located adjacent to top-tier university campuses. The newly combined Greystar/EdR team will continue to manage the assets.
In addition, on September 20, 2018, Education Realty Operating Partnership, L.P. issued notices of redemption to redeem all of its outstanding 4.60% Notes due 2024. It is expected that these notes will be redeemed on October 22, 2018.
About EdR
EdR (NYSE:EDR) is one of America's largest owners, developers and managers of collegiate housing. EdR is a self-administered and self-managed real estate investment trust that owns or manages 86 communities with more than 47,100 beds serving 55 universities in 27 states. EdR is a member of the Russell 2000 Index, the S&P MidCap 400 and the Morgan Stanley REIT indices. For details, please visit the Company's Web site at www.EdRtrust.com.
About Greystar
Greystar is a leading, fully integrated multifamily real estate company offering expertise in investment management, development and property management of rental housing properties globally. Headquartered in Charleston, South Carolina with offices throughout the United States, UK and Continental Europe, Latin America and Asia-Pacific, Greystar operates in over 150 markets globally and is the largest operator of apartments in the United States, managing over 480,000 units/beds, with an aggregate estimated value of over $80 billion. Greystar also has a robust institutional investment management platform dedicated to managing capital on behalf of a global network of institutional investors with approximately $31 billion in gross assets under management including more than $12 billion of developments that have been completed or are underway; $9.9 billion in the U.S. and $2 billion internationally. Following this transaction, Greystar will be the 2nd largest institutional owner and manager of student housing in the United States, in addition to Greystar's global position as the largest student housing operator in Spain and the 3rd largest owner of student housing assets in the United Kingdom. Greystar was founded by Bob Faith in 1993 with the intent to become a provider of world class service in the rental housing real estate business. To learn more about Greystar, visit www.greystar.com.
**
As of Q2 2018 but pro forma for inclusion of EdR transaction.
Greystar Contacts
Liza Kunkel - Greystar Public Affairs
Liza.Kunkel@Greystar.com
Adam Pillay - Greystar Investor Relations
Adam.Pillay@greystar.com
Please see our EdR Shareholder Frequently Asked Questions document (FAQs - Greystar® Acquisition of EdR) for more information.
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1080319-000108031914000030-emgl141110-ex99 | EX-99
2
emgl141110-ex99.txt
EXHIBIT 99 - TEXT OF PRESS RELEASE
Exhibit 99.1
Empire Global Corp. to Acquire Additional Gaming Assets in Italy
Assets to expand Italian gaming network to physical licenses.
NEW YORK -- Empire Global Corp. (the company) (EMGL.OTCQB), a company focused on
the acquisition and development of regulated online gaming operations, announced
today that through Multigioco Srl, our wholly owned subsidiary, it has signed a
letter of intent to acquire 1 agency and 14 corner licences from Sevenbet Srl.
This acquisition expands our gaming assets from online only to now
include physical locations situated in key gaming points throughout Italy.
Subject to satisfactory due diligence and regulatory approval, the company will
pay EUR 750,000 to acquire the gaming assets which includes intellectual
property, operations and licences governed under the Agenzia delle Dogane e dei
Monopoli (formerly Amministrazione Autonoma Monopoli di Stato) ("AAMS") as well
as long term contracts at each location, client base and active current gaming
business which now generates approximately EUR 450,000 in annual EBITDA.
Michele Ciavarella, Chairman and Chief Executive Officer of Empire Global Corp.,
comments, "The accord reached with Sevenbet Srl represents an important pathway
to increasing our footprint in the lucrative Italian gaming space. We look
forward to further fostering the opportunities that arise from this
development".
Forward Looking Statements
Information in this news release may contain statements about future
expectations or plans of Empire Global Corp. that constitute forward-looking
statements for purposes of the Safe Harbor Provisions under the Private
Securities Litigation Reform Act of 1995.
Contacts:
Michele Ciavarella, B.Sc.
ceo.emgl@emglcorp.com
1-647-229-0136
| [
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1171662-000129993311000430-exhibit1 | EX-99.1
2
exhibit1.htm
EX-99.1
EX-99.1
Triple-S Management Corporation
San Juan, PR 00936
1441 Ave. F.D. Roosevelt
www.triplesmanagement.com
FOR FURTHER INFORMATION
AT THE COMPANY:
INVESTOR RELATIONS:
Juan-José Román
Finance Vice President & CFO
(787) 749-4949
Kathy Waller
AllWays Communicate Inc.
(312) 543-6708
Triple-S Completes Acquisition of American Health, Inc.
SAN JUAN, PR, February 7, 2011 - Triple-S Management Corporation (NYSE: GTS)
today announced that
Triple-S Salud, Inc., its managed care subsidiary, completed the acquisition of all of the
outstanding capital stock of Socios Mayores en Salud Holdings, Inc. ("SMSH"), the parent company of
American Health, Inc., a provider of Medicare Advantage services to over 40,000 dual and non-dual
eligible members in Puerto Rico.
Triple-S Salud acquired SMSH, a privately owned company, for approximately $83.0 million in cash.
The transaction was funded through the use of unrestricted cash. The unaudited consolidated
financial statements for SMSH and its subsidiaries as of December 31, 2010 showed total assets of
$95.2 million, total liabilities of $58.3 million, and $36.9 million of capital. Consolidated
premium revenue was $380.2 million and net income amounted to $14.5 million.
Commenting on the closing of the transaction, Ramón M. Ruiz-Comas, President and Chief Executive
Officer of Triple-S Management Corp., said, "This acquisition positions us for continued growth in
the Medicare Advantage segment and is part of our long-term business strategy. We expect SMSH will
contribute approximately $0.15 to $0.20 cents to our diluted earnings per share, considering a
preliminary estimate of intangible assets amortization expense ranging from $10 to $13 million. We
welcome American Health, its members, providers and employees to the Triple-S family".
About Triple-S Management Corporation
Triple-S Management Corporation is an independent licensee of the Blue Cross Blue Shield
Association. Triple-S Management also has the exclusive right to use the Blue Cross Blue Shield
name and mark throughout Puerto Rico and the U.S. Virgin Islands. With more than 50 years of
experience in the industry, Triple-S Management offers a broad portfolio of managed care and
related products in the commercial and Medicare markets under the Blue Cross Blue Shield brand. In
addition to its managed care business, Triple-S Management provides non-Blue Cross Blue Shield
branded life and property and casualty insurance in Puerto Rico.
For more information about Triple-S Management, visit www.triplesmanagement.com or contact
kwaller@allwayscommunicate.com.
###
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37008-000119380505002249-e501129_ex99-1 | EX-99.1
14
e501129_ex99-1.txt
VORNAOD SALE ISSUANCE PRESS RELEASE
FIRST UNION REAL ESTATE EQUITY AND MORTGAGE INVESTMENTS
AT THE COMPANY
Carolyn Tiffany
Chief Operating Officer
(617) 570-4614
FIRST UNION REAL ESTATE EQUITY AND MORTGAGE INVESTMENTS
ANNOUNCES IT SALE OF 3,522,566 COMMON SHARES TO VORNADO REALTY
TRUST
FOR IMMEDIATE RELEASE - Boston, Massachusetts- November 7, 2005-First
Union Real Estate Equity and Mortgage Investments (NYSE:FUR) announced today
that it consummated the sale of its common shares of beneficial interest to a
subsidiary of Vornado Realty Trust which was agreed to on August 5, 2005.
Pursuant to a Securities Purchase Agreement dated as of November 7, 2005,
Vornado acquired 3,522,566 shares, representing 9.9% of the outstanding common
shares of beneficial interest in First Union, at the previously agreed upon per
share price of $4.00 ($14,090,264 in the aggregate). The shares were sold
pursuant to First Union's currently effective Registration Statement on Form
S-3.
-------------------
First Union Real Estate Equity and Mortgage Investments is a NYSE-listed
real estate investment trust (REIT) headquartered in Boston, Massachusetts.
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1062292-000114420418066063-tv509729_ex99-1 | EX-99.1
5
tv509729_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
XO
Group Inc. Becomes Privately Held Company and Merges With WeddingWire
The
Unified Company Is Set to Redefine and Accelerate Growth Within Global Wedding Industry
NEW YORK--(BUSINESS WIRE)-- XO Group
Inc. ("XO Group"), operator of The Knot, today announced that it has become a privately held company and has completed
its previously announced merger with WeddingWire, Inc. The combined organization, owned by the Permira Funds and Spectrum Equity,
will deliver leading wedding marketplaces, wedding websites, planning tools and registry services to over 20 million unique visitors
each month across the globe through The Knot, WeddingWire, Bodas and other family brands. The company, a leader in the industry
with over 3 million registered couples, 700,000 local vendors and 7 million reviews, will build upon more than four decades of
combined expertise to continue providing the most loved products and services to users.
Under the terms of the agreement, XO
Group shareholders will receive $35.00 per share in cash. The company will maintain both wedding brands in the US (The Knot and
WeddingWire) as separate consumer products, in addition to maintaining the other leading wedding and lifestyle brands across the
globe.
"This is a great day for our
new company and this industry that we all love", said Mike Steib, co-CEO. "I want to thank the incredible people at
XO and WeddingWire for making today possible. Together, this team is the best in the game".
"Our union is an exciting and
incredible milestone for the global wedding industry and all of us at WeddingWire and XO", said Tim Chi, co-CEO. "Together,
we can further our ongoing commitment of providing all couples with the resources to plan, driving business success to event professionals
and partners, and pioneering industry innovations. We're grateful for our exceptional teams through the years who have brought
diversity of talent and thought to make us one combined, best-in-class company".
About the Company
The company serves engaged couples
and wedding professionals in 15 countries across North America, Europe, Latin America and Asia through wedding brands The Knot,
WeddingWire, Bodas.net, Matrimonio.com, Mariages.net, WeddingWire.in and more. Additional lifestyle brands include
The Bump, GigMasters, Lasting, How They Asked and more. The combined company has US offices in New York, New York; Chevy Chase,
Maryland; Norwalk, Connecticut; Austin, Texas; and Omaha, Nebraska and international offices in Barcelona, Spain; Guangzhou, China;
and Gurgaon, India.
View source version on
businesswire.com: https://www.businesswire.com/news/home/20181221005268/en/
Melissa Bach
Senior Director, Public Relations and Brand Marketing
(212) 515-3594
mbach@xogrp.com
Source: XO Group Inc.
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"O",
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897077-000100329709000247-es99-1 | EX-99.1
2
es99-1.htm
Exhibit 99.1
For:
Alamo Group
Inc.
Contact:
Robert H. George
Vice President
830-372-9621
For
Immediate Release
FD
Eric Boyriven/Alexandra Tramont
212-850-5600
ALAMO GROUP COMPLETES
ACQUISITION OF BUSH HOG
SEGUIN, Texas, October
22, 2009 - Alamo Group Inc. (NYSE: ALG) announced that effective today it has
completed the acquisition of the majority of the assets of Bush Hog, LLC ("Bush
Hog") according to the terms and conditions which were previously announced on
September 4, 2009. As consideration for the assets acquired, the Company issued
1.7 million unregistered shares of Alamo Group Inc. common stock ($.10 par
value) and assumed certain operating liabilities, though no funded debt.
Bush Hog is the
leading manufacturer of agricultural mowing equipment in North America and has
the most recognized name in the industry. The combination of Bush Hog's
product line with Alamo Group's range of agricultural mowers marketed under the
Rhino, Schulte, Spearhead, Bomford, McConnel and Twose brands, creates the largest
manufacturer of agricultural mowers in the world.
Bush Hog had
revenues of approximately $160 million for the fiscal year ended December 31,
2008, though, due to the current economic weakness and restructuring taking
place within the business, we estimate their sales for all of 2009 will be in
the range of $110 million.
Ron Robinson, Alamo
Group's President and Chief Executive Officer commented, "This is a great opportunity
for our Company and will significantly expand our North America agricultural
footprint. While Bush Hog will continue to be run as a separate brand through
its existing sales network, we believe there are very positive operational
synergies that will result from this combination".
"The acquisition
will probably not be accretive to Alamo Group in the remainder of 2009 due to
the weak market conditions and reorganization costs that typically come with
such a transaction. But, we believe it will add to our results in 2010 and positions
us well to benefit from the eventual recovery of the market place".
- more -
ALAMO GROUP TO ACQUIRE ASSETS OF BUSH HOG
PAGE 2
Alamo Group is a
leader in the design, manufacture, distribution and service of high quality
equipment for right-of-way maintenance and agriculture. Our products include
truck and tractor mounted mowing and other vegetation maintenance equipment,
street sweepers, snow removal equipment, pothole patchers, excavators, vacuum
trucks, agricultural implements and related after market parts and services. The
Company was founded in 1969, and with the Bush Hog acquisition, has over 2,500
employees and operates eighteen plants in North America and Europe as of October
22, 2009. The corporate offices of Alamo Group Inc. are located in Seguin, Texas and the headquarters for the Company's European operations are located in
Salford Priors, England.
This release contains forward-looking statements that
are made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements involve known and
unknown risks and uncertainties, which may cause the Company's actual results
in future periods to differ materially from forecasted results. Among those
factors which could cause actual results to differ materially are the
following: market demand, competition, weather, seasonality, currency-related
issues, general economic conditions and other risk factors listed from time to
time in the Company's SEC reports. The Company does not undertake any
obligation to update the information contained herein, which speaks only as of
this date.
# # #
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717423-000119312507258003-dex991 | EX-99.1
2
dex991.htm
PRESS RELEASE DATED DECEMBER 3,2007
Press release dated December 3,2007
Exhibit 99.1
MURPHY OIL COMPLETES ACQUISITION OF
REMAINING INTEREST IN MILFORD HAVEN, WALES REFINERY
EL DORADO, Arkansas, December 3, 2007 - Murphy Oil Corporation (NYSE:MUR) announced today that its wholly-owned subsidiary,
Murco Petroleum Limited (Company), has completed the previously announced purchase of the remaining 70% interest in the Milford Haven, Wales refinery from TOTAL. Effective December 1, the Company is now the sole owner and operator of the
108,000 barrel per day refinery.
#####
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1124804-000156459017019145-mdrx-ex991_6 | EX-99.1
2
mdrx-ex991_6.htm
EX-99.1
mdrx-ex991_6.htm
Exhibit 99.1
Allscripts closes acquisition of McKesson's Enterprise Information Solutions business
Global healthcare leader adds Paragon and other solutions, significantly expanding client base
CHICAGO, October 2, 2017
-- Allscripts (NASDAQ:MDRX), a global leader in healthcare technology, today announced that it has closed its acquisition of McKesson Corporation's hospital and health system IT business, known as the Enterprise Information Solutions (EIS) business. The transaction significantly expands Allscripts client base in U.S. hospitals and health systems and expands its solutions portfolio. Allscripts purchased the EIS business for $185 million in cash, subject to an adjustment for net working capital and net debt.
Allscripts will invest in and continue to offer Paragon as the integrated electronic health record (EHR) and revenue cycle management solution for the small hospital market segment, while Allscripts Sunrise™ will continue as the primary platform for larger institutions, typically with highly complex service line needs. With this transaction, the combination of Paragon and Sunrise hospitals will double Allscripts' current EHR hospital client count in the United States.
EIS customers will now have access to Allscripts' world-class population health management solution CareInMotion™, Revenue Cycle Management Services, post-acute and precision medicine solutions to improve patient outcomes and accelerate their transition to value-based care.
"Our highest priority is to successfully meet our clients' complex needs today and in the future", said Allscripts Chief Executive Officer, Paul M. Black. "It's critical that healthcare organizations deliver the best care possible, and we expect this transaction will enable Allscripts to offer the most comprehensive, high-performing health information technology and solutions, which will help clinicians achieve our shared mission".
"I'm excited that Sonoma Valley Hospital is now a part of the Allscripts family, and that we're now partners with a global technology leader dedicated to its clients, our patients and healthcare innovation", said Kelly Mather, CEO, Sonoma Valley Hospital. "Plus, with access to Allscripts' significant suite of solutions, we're better prepared to address our organization's needs as the industry continues to evolve".
Mark Zielazinski, Chief Information and Technology Integration Officer at Marin General Hospital, said, "We are a fully integrated client of the Paragon system using it in a hosted environment, which EIS manages for us. We are also a strong user of Allscripts in our multiple clinic environments. We look forward to seeing what the combined organization of Allscripts might bring to Marin General Hospital and we are willing to be an early player in integration efforts between the various products. We believe that the combined services organization and product portfolio has the potential to dramatically improve our IT infrastructure. We look forward to near-term meetings with the combined Allscripts team to determine immediate next steps".
"This strategic move by Allscripts represents its ongoing commitment to healthcare providers and their patients", said John Bosco, Senior Vice President Chief Information Officer, Northwell Health. "As Allscripts continues its growth by expanding its reach to new hospitals and health systems, it's also now positioned to better meet the needs of existing clients with the expansion of its portfolio of innovative solutions".
Black Book Research released a report today featuring the result of a survey it conducted of many Paragon users who are now joining Allscripts growing client base.
"Black Book Research conducted a survey of hundreds of representatives at more than 66 McKesson-Paragon facilities, and the response was thoroughly positive", said Doug Brown, President and CEO of Black Book Research. "In fact, 96% of board and executive financial leaders surveyed are confidently optimistic that the Allscripts acquisition will improve Paragon client processes and technologies, and benefit their organizations".
The full Black Book report is available
here
.
Taken together,
Allscripts' comprehensive hospital, health system and physician EHR portfolio - plus solutions for value-based care, revenue cycle management, IT services, precision medicine and post-acute care - will help hospitals, health systems and physicians deliver on the promise of advanced and personalized care, with improved operational and financial performance.
About Allscripts
Allscripts (NASDAQ: MDRX) is a leader in healthcare information technology solutions that advance clinical, financial and operational results. Our innovative solutions connect people, places and data across an Open, Connected Community of Health™. Connectivity empowers caregivers to make better decisions and deliver better care for healthier populations. To learn more, visit
www.allscripts.com
,
Twitter
,
YouTube
and
It Takes A Community: The Allscripts Blog
.
Forward-Looking Statements
This press release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, that involve risks and uncertainties. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical fact or pattern. Forward-looking statements can also be identified by the use of words such as "future", "anticipates", "believes", "estimates", "expects", "intends", "plans", "predicts", "will", "would", "could", "can", "may", and similar terms. Forward-looking statements are not guarantees of future performance. Actual results could differ significantly from those set forth in the forward-looking statements, and reported results should not be considered an indication of future performance. Certain factors that could cause our actual results to differ materially from those described in the forward-looking statements include, but are not limited to: the expected financial contribution and results of the Enterprise Information Solutions business; the successful integration of the Enterprise Information Solutions business; and the anticipated and unanticipated expenses and liabilities related to the acquisition and the acquired Enterprise Information Solutions business. Additional information about these and other risks, uncertainties, and factors affecting Allscripts business is contained in Allscripts filings with the Securities and Exchange Commission, including under the caption "Risk Factors" in the most recent Allscripts Annual Report on Form 10-K, in subsequent Form 10-Qs and in our Form 8-K filed on October 2, 2017 under the heading "Forward-Looking Statements and Risk Factors." Allscripts does not undertake to update forward-looking statements to reflect changed assumptions, the impact of circumstances or events that may arise after the date of the forward-looking statements, or other changes in its business, financial condition or operating results over time.
For more information contact:
Investors
:
Seth Frank
312-506-1213
seth.frank@allscripts.com
Media
:
Concetta Rasiarmos
312-447-2466
concetta.rasiarmos@allscripts.com
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1286613-000094787109000036-ss56034_ex9901 | EX-99.1
2
ss56034_ex9901.htm
Lincoln
Educational Services Corporation
Announces
the Acquisition of Baran Institute of Technology
and
Reports Record Year End Enrollment
West
Orange, N.J., January 21, 2009 - Lincoln Educational Services Corporation
(Nasdaq: LINC; "Lincoln") announced today that it has completed the acquisition
of Baran Institute of Technology ("Baran") for approximately $25.3
million in cash, subject to customary post closing adjustments.
Baran
Institute of Technology comprises five distinct schools serving approximately
1,900 students and offers associate and diploma programs in the fields of
automotive, skilled trades, health sciences and culinary arts. Lincoln has
closed the acquisition of four of the schools - Baran Institute of Technology,
Connecticut Culinary Institute, Americare School of Nursing and Engine City
Technical Institute, and expects to acquire the fifth school, Clemens College,
for an additional $3 million subject to receiving approval from the New England
Association of Schools and Colleges (NEASC) at their March
meeting. In addition, Lincoln is also acquiring certain assets of
Hartford Urban Ventures, LLC and Education Properties, LLC, which provide
support services to Baran.
"Baran
uniquely fits our strategy of expanding our geographic presence, strengthening
our core program offerings and adding opportunities for higher degrees", said
Dave Carney, Chairman and CEO of Lincoln. "The immediate benefits
include a state of the art destination automotive and skilled trades campus with
a strong New England presence; a growing diesel school in New Jersey that will
benefit from our 60 year brand awareness in the New York City metropolitan area;
a leading culinary school with outstanding facilities and a growing high school
sales force; and an expanded presence in Florida with the addition of
Americare's nursing program. As we implement our marketing and sales
processes and invest more resources for advertising, we expect to achieve
meaningful operating leverage resulting in strong margin expansion. Finally,
assuming that a substantial change application is approved in March by NEASC, we
will acquire Clemens College which will be our second regionally accredited
institution and will provide the platform for higher end hospitality degree
programs."
These
acquisitions are being accounted for in accordance with Statement of Financial
Accounting Standards Statement No. 141(R), Business Combinations ("SFAS No.
141"), which is effective for calendar year companies on January 1,
2009. Among other things, SFAS No. 141 requires the additional use of
fair value measurements, both as of the acquisition date and in post combination
periods and requires that acquisition costs be expensed as
incurred. In connection with these acquisitions Lincoln will be
taking a charge of approximately $0.02 per share in the fourth quarter of 2008
and for the year ended December 31, 2008 and $0.01 per share in the first
quarter of 2009 to account for the expenses related to the
acquisition.
We expect
these acquisitions, including Clemens, will add approximately $50 million to
revenues in 2009, to be dilutive, but not to have a significant impact on 2009
earnings. We expect these acquisitions to be accretive to
earnings in 2010.
We are
updating our previously issued guidance for the year ended December 31, 2008 to
reflect the impact of this acquisition on our 2008 results. In spite
of the $0.02 per share charge we are taking in the fourth quarter of 2008, we
expect that our earnings per share for the year will meet or exceed our
previously issued guidance of $0.69 to $0.71. The strong results we
experienced in the fourth quarter of 2008 were fueled by a 17.1% increase in
student starts in 2008 over the prior year. Finally, on a same school
basis, we expect that 2008 year-end enrollment will exceed the prior year by
approximately 17% resulting in us beginning 2009 with approximately 3,100 more
students than we had at the beginning of 2008, excluding
acquisitions.
We look
forward to providing further updates on both of our acquisitions, our results
for 2008 and our 2009 guidance in early March of 2009.
About Lincoln Educational
Services Corporation
Lincoln
Educational Services Corporation is a leading and diversified for-profit
provider of career-oriented post-secondary education. Lincoln offers
recent high school graduates and working adults degree and diploma programs in
five areas of study: automotive technology, health sciences, skilled trades,
business and information technology and hospitality services. Lincoln
has provided the workforce with skilled technicians since its inception in
1946. Lincoln currently operates 36 campuses in 17 states under six
brands: Lincoln Technical Institute, Lincoln College of Technology, Nashville
Auto-Diesel College, Southwestern College, Euphoria Institute of Beauty Arts and
Sciences and Briarwood College. Lincoln had a combined average
enrollment of approximately 20,665 students for the quarter ended September 30,
2008.
About Baran Institute of
Technology (Baran)
Baran is
comprised of Baran Institute of Technology ("BIT"), Connecticut Culinary
Institute ("CCI"), Clemens College ("Clemens"), Americare School of Nursing and
Engine City Technical Institute. Baran has a total of 811 dorm beds in two
facilities (Hartford and Suffield, Connecticut), which serve BIT, CCI and
Clemens students.
Baran Institute of
Technology
BIT is in
East Windsor, Connecticut which is 12 miles north of Hartford. BIT
offers diploma programs in automotive, diesel, collision repair, motorcycle,
HVAC, electrical and welding. This campus serves approximately 850
students of which 75% come from New England and the remainder come from over a
dozen other states. BIT is accredited by ACCSCT.
Connecticut Culinary
Institute (CCI)
CCI has
campuses in Hartford and Suffield, Connecticut and offers diploma programs in
culinary arts, baking and pastry and Italian culinary arts. CCI has
approximately 650 students of which
approximately
80% come from New England and the remainder mainly come from six other states.
CCI is accredited by ACCSCT and the American Culinary Federation Foundation,
Inc.
Clemens
College
Clemens
College shares a facility in Suffield with CCI and offers associate degrees in
Hospitality Management to approximately 75 students from across the US and
abroad. Clemens College is regionally accredited by
NEASC.
Americare School of
Nursing
Americare
has two facilities in Florida: Fern Park, which is outside of Orlando, and St.
Petersburg. Americare offers an associate degree in Surgical Technology and
diplomas in dental assisting, medical coding and billing, medical assisting,
practical nursing and patient care technician. Americare serves approximately
250 students and is accredited by ABHES.
Engine City Technical
Institute
Engine
City is located in South Plainfield, New Jersey and has approximately 125
students. Engine City offers a diploma program in diesel engine
repair.
Statements
in this press release regarding Lincoln's business which are not historical
facts may be "forward-looking statements" that involve risks and uncertainties.
For a discussion of such risks and uncertainties, which could cause actual
results to differ from those contained in the forward-looking statements, see
"Risk Factors" in Lincoln's Form 10-K for the year ended December 31, 2007. All
forward-looking statements are qualified in their entirety by this cautionary
statement, and Lincoln undertakes no obligation to revise or update this news
release to reflect events or circumstances after the date hereof.
Contact:
Brad
Edwards
Brainerd
Communicators
212-986-6667
| [
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",",
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"Americare",
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".",
"Statements",
"in",
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"press",
"release",
"regarding",
"Lincoln",
"'s",
"business",
"which",
"are",
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"-",
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"see",
"\"",
"Risk",
"Factors",
"\"",
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"10",
"-",
"K",
"for",
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"ended",
"December",
"31",
",",
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"are",
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",",
"and",
"Lincoln",
"undertakes",
"no",
"obligation",
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"or",
"update",
"this",
"news",
"release",
"to",
"reflect",
"events",
"or",
"circumstances",
"after",
"the",
"date",
"hereof",
".",
"Contact",
":",
"Brad",
"Edwards",
"Brainerd",
"Communicators",
"212",
"-",
"986",
"-",
"6667"
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1515816-000117152019000353-ex99-1 | EX-99.1
2
ex99-1.htm
PRESS RELEASE
Exhibit 99.1
Plymouth Industrial REIT Significantly Expands Presence
in Indianapolis with Acquisition of Industrial Properties for $62 Million
BOSTON-(December 10, 2019) Plymouth Industrial REIT,
Inc. (NYSE American: PLYM) announced that it has acquired ten industrial buildings totaling 2.1 million square feet in Indianapolis,
Indiana for $62 million.
Shadeland Commerce Center is comprised of nine buildings
totaling approximately 1.7 million square feet and is 95% leased to 26 tenants, including Penske, ABC Supply Company, PPG Industries
and Ryder. The property is located across the street from two other Plymouth-owned properties at the Shadeland I-70 Business Park.
Additionally, further north near the Indianapolis International Airport, Plymouth acquired 7901 West 21
st
Street, a
353,000-square-foot building 100% leased to two tenants, Iron Mountain and Venture Logistics.
Pendleton White, Jr., President and Chief Investment Officer,
noted, "Indianapolis is an important, thriving market for us, and this acquisition will help us achieve significant scale
by bringing our presence to over three million square feet. With 27 consecutive quarters of positive net absorption, the market
fundamentals remain strong with limited supply of existing industrial properties. Further, we expect to drive rental rate increases
in the future".
About Plymouth
Plymouth Industrial REIT, Inc. is a vertically integrated
and self-managed real estate investment trust focused on the acquisition and operation of single and multi-tenant industrial properties
located in secondary and select primary markets across the United States. The Company seeks to acquire properties that provide
income and growth that enable the Company to leverage its real estate operating expertise to enhance shareholder value through
active asset management, prudent property re-positioning and disciplined capital deployment.
Forward-Looking Statements
This press release
includes "forward-looking statements"
that are made pursuant to the safe harbor provisions of Section 27A of
the Securities Act of 1933 and of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release
do not constitute guarantees of future performance. Investors are cautioned that statements in this press release, which are not
strictly historical statements, including, without limitation, statements regarding management's plans, objectives and strategies,
constitute forward-looking statements. Such forward-looking statements are subject to a number of known and unknown risks and uncertainties
that could cause actual results to differ materially from those anticipated by the forward-looking statement, many of which may
be beyond our control.
Forward-looking statements generally can be identified by the use
of forward-looking terminology such as "may", "plan", "seek", "will", "expect,"
"intend", "estimate", "anticipate", "believe" or "continue" or the
negative thereof or variations thereon or similar terminology. Any forward-looking information presented herein is made only as
of the date of this press release, and we do not undertake any obligation to update or revise any forward-looking information to
reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.
###
Contact:
Tripp Sullivan
SCR Partners
(615) 760-1104
TSullivan@scr-ir.com
| [
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"Sullivan",
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"(",
"615",
")",
"760",
"-",
"1104",
"TSullivan@scr-ir.com"
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1224133-000119312505029711-dex991 | EX-99.1
3
dex991.htm
PRESS RELEASE
Press Release
Exhibit 99.1
Marchex Announces Closing of Public Offerings and Asset Acquisition;
Company Announces February 17 Conference Call
SEATTLE, WA - February 14, 2005 - Marchex, Inc. (NASDAQ: MCHX), a provider of technology-based merchant services that facilitate and drive growth in online
transactions, today announced the closing of its public offerings of Class B common stock and convertible exchangeable preferred stock, as well as the closing of its Name Development Ltd. asset acquisition. In addition, Marchex today announced that
it will conduct a conference call on Thursday, February 17 to review its recently reported fourth quarter 2004 and full year 2004 financial results, along with its outlook for 2005.
Closing of Public Offerings
Marchex today closed its offerings of 9,200,000 shares of Class B common stock at a public offering price of $20.00 per share and 200,000 shares of 4.75% convertible
exchangeable preferred stock with a liquidation preference of $250 per share. These amounts include the full exercise by Marchex's underwriters of their over-allotment option to purchase 1,200,000 additional shares of Class B common stock. Such
underwriters also have an over-allotment option to purchase up to 30,000 additional shares of preferred stock for thirty days from pricing, which occurred on February 8, 2005. The preferred stock is listed on the NASDAQ National Market (NASDAQ:
MCHXP). Aggregate net proceeds for Marchex from the offerings, after offering expenses, are estimated to be $222.2 million.
In addition to funding the Name Development Ltd. asset acquisition, Marchex intends to use the proceeds from the offerings for working capital and other general purposes,
including potential future acquisitions.
Closing of Asset Acquisition
Concurrent with the close of its offerings, Marchex today completed the
acquisition of certain assets of Name Development Ltd., a corporation operating in the direct navigation market, for $164.2 million, including $155.2 million in cash and $9 million in stock.
As part of this transaction, Marchex has acquired a large base of online user traffic, which
Marchex estimated at more than 17 million unique visitors per month in November 2004. This traffic is generated from a portfolio of Web properties, or Internet domains, which are generally reflective of commercially-relevant search terms in many of
the Internet's most popular vertical commerce categories, and may include geographically-targeted elements. The total number of Internet domains in the portfolio, including Marchex's existing Internet domains, is now more than 200,000.
Conference Call and Webcast Information
Management will hold a conference call, starting at 5:00 p.m. EDT on Thursday, February 17,
2005, to discuss Marchex's fourth quarter 2004 and full year 2004 operating results, along with its outlook for 2005. To access the call by live Webcast, please log onto the Investor Relations section of the Marchex Web site
(www.marchex.com/ir.html). An archived version of the Webcast will also be available, beginning two hours after completion of the call, at the same location.
About Marchex, Inc.
Marchex (www.marchex.com) provides technology-based merchant services that facilitate and drive growth in online transactions. Marchex connects merchants with consumers
who are searching for information, products and services on the Internet. The company's platform of integrated performance-based advertising and search marketing services enables merchants to more efficiently market and sell their products and
services across multiple online distribution channels, including search engines, product shopping engines, directories and selected Web properties.
Safe Harbor Statement
This press release contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical facts, included in this press release regarding our
strategy, future operations, future financial position, future revenues, projected costs, prospects, plans and objectives of management are forward-looking statements. We may not actually achieve the plans, intentions or expectations disclosed in
our forward-looking statements and you should not place undue reliance on our forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements we
make. There are a number of important factors that could cause Marchex's actual results to differ materially from those indicated by such forward-looking statements which are described in the "Risk Factors" section of our most recent
periodic report and registration statement filed with the SEC. We disclaim any intention or obligation to update any forward-looking statements.
For further information, contact:
Press:
Mark S. Peterson
VP of Public Relations
Marchex, Inc.
206-331-3344
mark@marchex.com
Investor relations:
Trevor Caldwell
VP of Investor Relations & Strategic Initiatives
Marchex, Inc.
206-331-3316
tcaldwell@marchex.com
###
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1474464-000114420413044578-v352652_ex99-1 | EX-99.1
2
v352652_ex99-1.htm
EXHIBIT 99.1
FOR IMMEDIATE RELEASE
American Realty Capital New York Recovery
REIT Purchases Institutional-Quality Office Building in Midtown Manhattan from SL Green
New York, New York, August 12, 2013
- American
Realty Capital New York Recovery REIT, Inc. ("NYRR") announced today it acquired from SL Green a 10-story office building
located at 333 West 34
th
Street in Midtown Manhattan for $220.3 million, exclusive of closing costs. The property contains
approximately 347,000 rentable square feet and is 100% leased to four tenants: The Segal Company (Eastern States), Inc.; The Metropolitan
Transportation Authority; Godiva Chocolatier Inc.; and Sam Ash New York Megastores, LLC.
Michael A. Happel, Chief Investment Officer of NYRR, explained,
"The purchase of 333 West 34th Street exemplifies our commitment to buying well-located, well-tenanted, stabilized assets
in New York City with potential for asset appreciation and limited downside risk. This building is situated between the burgeoning
Hudson Yards and Herald Square sub-markets of Midtown Manhattan, and features top-quality tenants at below market rents. With the
addition of this asset, we have created a portfolio totaling approximately $775 million. We remain focused on acquiring quality
New York City real estate with rents that are accretive to our distributions".
About NYRR
NYRR is a publicly registered, non-traded
real estate investment trust that has qualified as a REIT for tax purposes. Additional information about NYRR can be found on its
website at www.newyorkrecoveryreit.com.
Important Notice
The statements in this press release that
are not historical facts may be forward-looking statements. These forward-looking statements involve risks and uncertainties that
could cause the outcome to be materially different. In addition, words such as "anticipate", "believe,"
"expect" and "intend" indicate a forward-looking statement, although not all forward-looking statements
include these words.
Contacts
From: Anthony J. DeFazio
For: Michael A. Happel, CIO
DDCWorks
American Realty Capital New York Recovery REIT, Inc.
tdefazio@ddcworks.com
mhappel@arlcap.com
Ph: 484-342-3600
Ph: 212-415-6500
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2
tm206490d4_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
Clarivate Analytics Closes Acquisition
of Decision Resources Group
- Creates a leading information
insight solutions provider to the Life Sciences industry, helping them improve human lives -
London, UK, & Philadelphia, US, March 2, 2020 -
Clarivate Analytics plc
(NYSE:CCC; CCC.WS) ("Clarivate"), a global leader
in providing trusted insights and analytics to accelerate the pace of innovation, today announced it has completed its acquisition
of Decision Resources Group ("DRG"). Previously, Clarivate announced on January 17, 2020 its intent to acquire DRG
from Piramal Enterprises Limited ("PEL", NSE: PEL, BSE: 500302), part of global business conglomerate Piramal Group.
"We are excited to welcome DRG's colleagues to Clarivate
and begin to roll out the many benefits of this acquisition to customers and colleagues alike", said Jerre Stead, Executive
Chairman and CEO of Clarivate. "People are our only sustainable competitive advantage and both organizations are built on
amazing people with deep industry, subject matter and technical expertise. We will move quickly and smoothly to integrate DRG with
our Science Group. For customers, the combination of DRG's services and solutions with Clarivate's Life Sciences solutions,
including Cortellis
TM
, will help customers make smarter, faster evidence-based decisions to boost clinical and commercial
success."
DRG is a premier provider of high-value data, analytics and
insights products and services to the healthcare industry. DRG specializes in enabling the world's leading pharma, biotech
and medical technology companies to achieve commercial success in complex health markets with the creation of effective patient-centric
commercial strategies.
Financing Details
In connection with the closing of the $950 million acquisition
of DRG, Clarivate paid $900 million in cash from a combination of equity proceeds and debt financing. The balance of approximately
$50 million of deferred consideration in the form of Clarivate ordinary shares is expected to be issued one year after closing.
In February 2020, Clarivate closed a primary offering of 27,600,000 ordinary shares resulting in net proceeds of approximately
$540 million and closed a $360 million principal amount Incremental Senior Secured Term Loan B Facility.
# # #
About Clarivate Analytics
Clarivate Analytics™ is a global leader in providing trusted insights and analytics to accelerate the pace of innovation.
We have built some of the most trusted brands across the innovation lifecycle, including the Web of Science™, Cortellis™,
Derwent™, CompuMark™, MarkMonitor™ and Techstreet™. Today, Clarivate Analytics is on a bold entrepreneurial
mission to help customers reduce the time from new ideas to life-changing innovations. For more information, please
visit
clarivate.com
.
Forward-Looking Statements
This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act
of 1995. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based
only on management's current beliefs, expectations, and assumptions regarding the future of our business, future plans and
strategies, projections, anticipated events and trends, the economy, and other future conditions. Because forward-looking statements
relate to the future, they are difficult to predict, and many are outside of our control. Important factors that could cause our
actual activities, results and financial condition to differ materially from those indicated in the forward-looking statements
include our failure to achieve anticipated cost and revenue synergies from the DRG acquisition, as well as the factors discussed
under the caption "Risk Factors" in the prospectus Clarivate filed with the U.S. Securities and Exchange Commission
("SEC") on February 7, 2020, along with our other filings with the SEC. However, those factors should not be considered
to be a complete statement of all potential risks and uncertainties. Forward-looking statements are based only on information
currently available to our management and speak only as of the date of this press release. We do not assume any obligation to
publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments
or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws. Please consult
our public filings with the SEC or on our website at
www.clarivate.com
.
Investor Relations Contact
Mark Donohue, Head of Investor Relations
mark.donohue@clarivate.com
+1 (215) 243 2202
Media Contact
Tabita Seagrave, Head of Global Corporate Communications
media.enquiries@clarivate.com
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"WS",
")",
"(",
"\"",
"Clarivate",
"\"",
")",
",",
"a",
"global",
"leader",
"in",
"providing",
"trusted",
"insights",
"and",
"analytics",
"to",
"accelerate",
"the",
"pace",
"of",
"innovation",
",",
"today",
"announced",
"it",
"has",
"completed",
"its",
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"of",
"Decision",
"Resources",
"Group",
"(",
"\"",
"DRG",
"\"",
")",
".",
"Previously",
",",
"Clarivate",
"announced",
"on",
"January",
"17",
",",
"2020",
"its",
"intent",
"to",
"acquire",
"DRG",
"from",
"Piramal",
"Enterprises",
"Limited",
"(",
"\"",
"PEL",
"\"",
",",
"NSE",
":",
"PEL",
",",
"BSE",
":",
"500302",
")",
",",
"part",
"of",
"global",
"business",
"conglomerate",
"Piramal",
"Group",
".",
"\"",
"We",
"are",
"excited",
"to",
"welcome",
"DRG",
"'s",
"colleagues",
"to",
"Clarivate",
"and",
"begin",
"to",
"roll",
"out",
"the",
"many",
"benefits",
"of",
"this",
"acquisition",
"to",
"customers",
"and",
"colleagues",
"alike",
"\"",
",",
"said",
"Jerre",
"Stead",
",",
"Executive",
"Chairman",
"and",
"CEO",
"of",
"Clarivate",
".",
"\"",
"People",
"are",
"our",
"only",
"sustainable",
"competitive",
"advantage",
"and",
"both",
"organizations",
"are",
"built",
"on",
"amazing",
"people",
"with",
"deep",
"industry",
",",
"subject",
"matter",
"and",
"technical",
"expertise",
".",
"We",
"will",
"move",
"quickly",
"and",
"smoothly",
"to",
"integrate",
"DRG",
"with",
"our",
"Science",
"Group",
".",
"For",
"customers",
",",
"the",
"combination",
"of",
"DRG",
"'s",
"services",
"and",
"solutions",
"with",
"Clarivate",
"'s",
"Life",
"Sciences",
"solutions",
",",
"including",
"Cortellis",
"TM",
",",
"will",
"help",
"customers",
"make",
"smarter",
",",
"faster",
"evidence",
"-",
"based",
"decisions",
"to",
"boost",
"clinical",
"and",
"commercial",
"success",
".",
"\"",
"DRG",
"is",
"a",
"premier",
"provider",
"of",
"high",
"-",
"value",
"data",
",",
"analytics",
"and",
"insights",
"products",
"and",
"services",
"to",
"the",
"healthcare",
"industry",
".",
"DRG",
"specializes",
"in",
"enabling",
"the",
"world",
"'s",
"leading",
"pharma",
",",
"biotech",
"and",
"medical",
"technology",
"companies",
"to",
"achieve",
"commercial",
"success",
"in",
"complex",
"health",
"markets",
"with",
"the",
"creation",
"of",
"effective",
"patient",
"-",
"centric",
"commercial",
"strategies",
".",
"Financing",
"Details",
"In",
"connection",
"with",
"the",
"closing",
"of",
"the",
"$",
"950 million",
"acquisition",
"of",
"DRG",
",",
"Clarivate",
"paid",
"$",
"900 million",
"in",
"cash",
"from",
"a",
"combination",
"of",
"equity",
"proceeds",
"and",
"debt",
"financing",
".",
"The",
"balance",
"of",
"approximately",
"$",
"50 million",
"of",
"deferred",
"consideration",
"in",
"the",
"form",
"of",
"Clarivate",
"ordinary",
"shares",
"is",
"expected",
"to",
"be",
"issued",
"one",
"year",
"after",
"closing",
".",
"In",
"February",
"2020",
",",
"Clarivate",
"closed",
"a",
"primary",
"offering",
"of",
"27,600,000",
"ordinary",
"shares",
"resulting",
"in",
"net",
"proceeds",
"of",
"approximately",
"$",
"540 million",
"and",
"closed",
"a",
"$",
"360 million",
"principal",
"amount",
"Incremental",
"Senior",
"Secured",
"Term",
"Loan",
"B",
"Facility",
".",
"#",
"#",
"#",
"About",
"Clarivate",
"Analytics",
"Clarivate",
"Analytics",
"™",
"is",
"a",
"global",
"leader",
"in",
"providing",
"trusted",
"insights",
"and",
"analytics",
"to",
"accelerate",
"the",
"pace",
"of",
"innovation",
".",
"We",
"have",
"built",
"some",
"of",
"the",
"most",
"trusted",
"brands",
"across",
"the",
"innovation",
"lifecycle",
",",
"including",
"the",
"Web",
"of",
"Science™",
",",
"Cortellis",
"™",
",",
"Derwent",
"™",
",",
"CompuMark",
"™",
",",
"MarkMonitor",
"™",
"and",
"Techstreet",
"™",
".",
"Today",
",",
"Clarivate",
"Analytics",
"is",
"on",
"a",
"bold",
"entrepreneurial",
"mission",
"to",
"help",
"customers",
"reduce",
"the",
"time",
"from",
"new",
"ideas",
"to",
"life",
"-",
"changing",
"innovations",
".",
"For",
"more",
"information",
",",
"please",
"visit",
"clarivate.com",
".",
"Forward",
"-",
"Looking",
"Statements",
"This",
"press",
"release",
"contains",
"\"",
"forward",
"-",
"looking",
"statements",
"\"",
"as",
"defined",
"in",
"the",
"Private",
"Securities",
"Litigation",
"Reform",
"Act",
"of",
"1995",
".",
"Forward",
"-",
"looking",
"statements",
"are",
"neither",
"historical",
"facts",
"nor",
"assurances",
"of",
"future",
"performance",
".",
"Instead",
",",
"they",
"are",
"based",
"only",
"on",
"management",
"'s",
"current",
"beliefs",
",",
"expectations",
",",
"and",
"assumptions",
"regarding",
"the",
"future",
"of",
"our",
"business",
",",
"future",
"plans",
"and",
"strategies",
",",
"projections",
",",
"anticipated",
"events",
"and",
"trends",
",",
"the",
"economy",
",",
"and",
"other",
"future",
"conditions",
".",
"Because",
"forward",
"-",
"looking",
"statements",
"relate",
"to",
"the",
"future",
",",
"they",
"are",
"difficult",
"to",
"predict",
",",
"and",
"many",
"are",
"outside",
"of",
"our",
"control",
".",
"Important",
"factors",
"that",
"could",
"cause",
"our",
"actual",
"activities",
",",
"results",
"and",
"financial",
"condition",
"to",
"differ",
"materially",
"from",
"those",
"indicated",
"in",
"the",
"forward",
"-",
"looking",
"statements",
"include",
"our",
"failure",
"to",
"achieve",
"anticipated",
"cost",
"and",
"revenue",
"synergies",
"from",
"the",
"DRG",
"acquisition",
",",
"as",
"well",
"as",
"the",
"factors",
"discussed",
"under",
"the",
"caption",
"\"",
"Risk",
"Factors",
"\"",
"in",
"the",
"prospectus",
"Clarivate",
"filed",
"with",
"the",
"U",
".",
"S",
".",
"Securities",
"and",
"Exchange",
"Commission",
"(",
"\"",
"SEC",
"\"",
")",
"on",
"February",
"7",
",",
"2020",
",",
"along",
"with",
"our",
"other",
"filings",
"with",
"the",
"SEC",
".",
"However",
",",
"those",
"factors",
"should",
"not",
"be",
"considered",
"to",
"be",
"a",
"complete",
"statement",
"of",
"all",
"potential",
"risks",
"and",
"uncertainties",
".",
"Forward",
"-",
"looking",
"statements",
"are",
"based",
"only",
"on",
"information",
"currently",
"available",
"to",
"our",
"management",
"and",
"speak",
"only",
"as",
"of",
"the",
"date",
"of",
"this",
"press",
"release",
".",
"We",
"do",
"not",
"assume",
"any",
"obligation",
"to",
"publicly",
"provide",
"revisions",
"or",
"updates",
"to",
"any",
"forward",
"-",
"looking",
"statements",
",",
"whether",
"as",
"a",
"result",
"of",
"new",
"information",
",",
"future",
"developments",
"or",
"otherwise",
",",
"should",
"circumstances",
"change",
",",
"except",
"as",
"otherwise",
"required",
"by",
"securities",
"and",
"other",
"applicable",
"laws",
".",
"Please",
"consult",
"our",
"public",
"filings",
"with",
"the",
"SEC",
"or",
"on",
"our",
"website",
"at",
"www.clarivate.com",
".",
"Investor",
"Relations",
"Contact",
"Mark",
"Donohue",
",",
"Head",
"of",
"Investor",
"Relations",
"mark.donohue@clarivate.com",
"+",
"1",
"(",
"215",
")",
"243",
"2202",
"Media",
"Contact",
"Tabita",
"Seagrave",
",",
"Head",
"of",
"Global",
"Corporate",
"Communications",
"media.enquiries@clarivate.com"
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"O",
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1820630-000162828021012482-exhibit991-super8xk | EX-99.1
11
exhibit991-super8xk.htm
EX-99.1
Document
Exhibit 99.1
Proterra, a Leading Innovator in Commercial Vehicle Electrification Technology, to debut on Nasdaq today
Proterra begins trading on the Nasdaq Global Select Market today after completing business combination with ArcLight Clean Transition Corp.
More than $640 million raised to fund growth initiatives, including next-generation battery program
With more than 600 vehicles on the road and its industry-leading battery systems proven over 20 million service miles driven, Proterra positioned to accelerate electrification of commercial vehicle market as a public company
BURLINGAME, Calif., June 15, 2021 - Proterra Inc ("Proterra" or the "Company"), a leading innovator in commercial vehicle electrification technology, today announced that its shares of common stock and warrants will begin trading on the Nasdaq Global Select Market today under the new ticker symbols "PTRA" and "PTRAW", respectively. This follows the completion of the Company's previously announced business combination with ArcLight Clean Transition Corp. (Nasdaq: ACTCU, ACTC and ACTW) ("ArcLight"), a special purpose acquisition company, that resulted in Proterra becoming a publicly-listed company. ArcLight shareholders approved the combination at an extraordinary general meeting on June 11, 2021.
The Company has raised more than $640 million in cash from the business combination with ArcLight to fund growth initiatives, including R&D and its next-generation battery program. As a public company, Proterra is well-positioned to deliver on its mission to enable the electrification of commercial vehicles, helping to reduce pollution and protect public health while combating the global climate crisis.
"As demand for zero-emission solutions continues to grow around the globe, we are proud to be meeting our customers' needs with our industry-leading EV technology", said Proterra CEO Jack Allen. "Today's milestone is a testament to the hard work of our team and the support of our valued customers, partners and investors. We are excited to build on the strong foundation we have created over the past decade and begin this new chapter as a publicly-traded EV technology leader. We remain focused on advancing our EV technology to power the world's best performing commercial vehicles, and believe today is a major step forward in our ability to accelerate these initiatives".
"We are pleased to have completed our business combination with Proterra", said Jake Erhard, the former President and CEO of ArcLight, and a Director of Proterra. "As a leader in EV technology, Proterra has significant opportunities ahead for value creation, and we are excited about the Company's prospects as it enters the next phase of growth".
Proterra operates manufacturing facilities in California and South Carolina, as well as a state-of-the-art R&D lab in Silicon Valley. With more than 600 vehicles on the road today, the Company's industry-leading battery systems have been proven through approximately 20 million service miles driven, and validated through partnerships with world-class commercial vehicle manufacturers to electrify delivery vehicles, construction equipment, school buses, coach buses, and more. To date, Proterra has produced and delivered more than 300 megawatt-hours of battery systems and installed 46 megawatts of charging systems. Its fleet of zero-emission, electric transit buses have displaced more than 100 million pounds of CO2 tailpipe emissions.
Proterra will be ringing the closing bell at Nasdaq on June 16 to celebrate the company's public listing. A live stream of the event can be viewed by visiting: https://www.nasdaq.com/marketsite/bell-ringing-ceremony
Advisors
BofA Securities acted as lead financial advisor and Fenwick & West LLP and Latham & Watkins LLP acted as legal counsel to Proterra. Barclays acted as M&A advisor, Citigroup acted as M&A and Capital Markets advisor, and Kirkland & Ellis LLP served as legal counsel to ArcLight Clean Transition Corp. Morgan Stanley & Co. LLC and Barclays acted as lead placement agents, and BofA Securities acted as joint placement agent for ArcLight Clean Transition Corp.
About Proterra
Proterra is a leader in the design and manufacture of zero-emission electric transit vehicles and EV technology solutions for commercial applications. With industry-leading durability and energy efficiency based on rigorous U.S. independent testing, Proterra products are proudly designed, engineered and manufactured in America, with offices in Silicon Valley, South Carolina, and Los Angeles County. For more information, visit: http://www.proterra.com and follow us on Twitter @Proterra_Inc.
About ArcLight Clean Transition Corp.
Prior to the business combination, ArcLight Clean Transition Corp., led by Chairman Daniel Revers and President and Chief Executive Officer Jake Erhard, focused on market leading companies that facilitate the decarbonization of industrial, government and consumer segments, and targeted large addressable markets with differentiated technology and sustainable competitive advantages that enable the creation of substantial long-term value for shareholders. ArcLight prioritized companies led by experienced management teams that embrace the potential to utilize ArcLight's industry experience to maximize the value to shareholders.
Forward-Looking Statements
Certain statements in this press release may be considered forward-looking statements. Forward-looking statements are statements that are not historical facts and generally relate to future events or the Company's future financial or other performance metrics. In some cases, you can identify forward-looking statements by terminology such as "believe", "may", "will", "potentially", "estimate", "continue", "anticipate", "intend", "could", "would", "project", "target", "plan", "expect", or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements, including statements regarding the Company's mission, growth and prospects, are subject to risks and uncertainties, which 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. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by the Company and its management, are inherently uncertain and subject to material change. Factors that may cause actual results to differ materially from current expectations include, but are not limited to, various factors beyond management's control, including general economic conditions and other risks, uncertainties and factors set forth in the Company's filings with the Securities and Exchange Commission (SEC), including the registration statement on Form S-4 filed by ArcLight in connection with the business combination, as well as factors associated with companies, such as the Company, that are engaged in commercial electric vehicle technology, including anticipated trends, growth rates, and challenges in those businesses and in the markets in which they operate; macroeconomic conditions related to the global COVID-19 pandemic; trends with respect to government funding for public transit; the willingness of
corporate and other public transportation providers to adopt and fund the purchase of electric vehicles for mass transit; expected adoption of electrification technologies for commercial vehicles; the size and growth of the market for alternative energy vehicles in general and medium-and heavy-duty electric vehicles, including transit buses and other commercial vehicles, in particular; the effects of increased competition; the ability to stay in compliance with laws and regulations that currently apply or become applicable to the commercial electric vehicle technology business and government contractors; the failure to realize the anticipated benefits of the business combination; and the ability of Company to issue equity or equity-linked securities or obtain debt in the future. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements in this press release, which speak only as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein. The Company expressly disclaims any obligations 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 statement is based.
Contacts
Proterra
For Media
Shane Levy
Proterra Corporate Communications
PR@proterra.com
201-679-9507
For Investors
Aaron Chew
Vice President of Investor Relations, Proterra
ir@proterra.com
650-231-4110
ArcLight
Marco F. Gatti
mgatti@arclightcapital.com
617-531-6369
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1515115-000114420413006783-v334086_ex99-1 | EX-99.1
5
v334086_ex99-1.htm
EXHIBIT 99.1
Soul and Vibe Interactive Completes Acquisition
of Soul and Vibe Entertainment to Enter $56 Billion Digital Game Industry
Acquisition brings key assets including
gaming and content agreements with Microsoft, Sony and General Mills
MINNEAPOLIS, MN, February 7, 2013 -
Soul and Vibe Interactive Inc. (OTC BB: SOUL), or the "Company", a video and computer games company, today announced
it has completed the acquisition of Soul and Vibe Entertainment, Inc. Game industry veteran Peter Anthony Chiodo ("Tony"),
the CEO and founder of Soul and Vibe Entertainment, has assumed the position of CEO and President of Soul and Vibe Interactive.
Soul and Vibe Interactive's former CEO, President, and CFO, Pauline Carson, has transitioned to Vice President. As a result
of the transaction, Soul and Vibe Interactive now has 109 million shares outstanding.
The completion of this acquisition secures
Soul and Vibe Entertainment, Inc.'s strategic and valuable contractual agreements as assets for Soul and Vibe Interactive
Inc. Soul and Vibe Entertainment has several strategic and valuable contractual agreements which include a license agreement with
General Mills, and game development and publishing agreements for the PlayStation® 3 computer entertainment system and PlayStation®
Vita (PS Vita) from Sony Computer Entertainment America and the Xbox 360® video game and entertainment system, Windows 8, Windows
Live, and Windows Phone from Microsoft. In addition to Windows Phone, Soul and Vibe Interactive will also develop and publish games
for mobile platforms such as Apple iOS (iPhone, iPad, and iPod Touch) and Android.
"We are very excited to have transitioned
into a publicly traded company. This is an important milestone for us. Our publishing licenses for Xbox 360 and the PlayStation
3 are key assets that we intend to leverage for the development and publishing of numerous games across multiple genres and platforms.
Our product lineup includes a mix of licensed-brand and original IP-based games that are as fun to talk about, as they are to play,"
stated Soul and Vibe Interactive CEO and President, Peter Anthony Chiodo.
Mr. Chiodo is an award-winning 22-year
veteran of the video and computer game industry who has released over 200 games. From 2003 to 2011 he was Director of Product Development
for Destineer Games, where he led the development of games and engine technologies, both internal and external, for consoles and
personal computers. Mr. Chiodo created and implemented a development process that resulted in the release of more than 100 frontline
and "casual" games over 4 years and managed a 35-person internal development studio. The studio's products secured
a capital raise of over $12 Million. This was the second largest capital raise in the interactive industry for 2006. Mr. Chiodo
and his team developed commercial games and "serious games" training tools and simulations for the United States Marine
Corps and various branches of the United States Federal Government. Mr. Chiodo served as a Program Manager at Microsoft Corporation
from 2000 through 2003, where he led internal teams from engine and game prototype to project green light and release for the original
Xbox, and helped coordinate the localization of Xbox launch software for European and Japanese markets. Mr. Chiodo has also served
as a consultant to software companies developing "serious games" training tools and simulations that help physicians
and nurses provide care to patients suffering from chronic diseases.
*PricewaterhouseCoopers reports consumer
spending on console, mobile, and personal computer game software topped $56 billion in 2010 and is projected to grow to $82 billion
by 2015.
About Soul and Vibe Interactive Inc.
Soul and Vibe Interactive Inc. is a publisher
of games and games-related content for consoles, mobile devices, and personal computers addressing a $56 billion market projected
to grow to $82 billion by 2015. The Company specializes in the creation of original intellectual properties and has extensive experience
licensing world-renowned brands from influential companies. Soul and Vibe has a license agreement with General Mills, and game
development and publishing agreements for the Xbox 360® video game and entertainment system, Windows 8, Windows Live, and Windows
Phone from Microsoft, and the PlayStation® 3 computer entertainment system and PlayStation® Vita (PS Vita) from Sony. Through
partnerships with technically sophisticated software developers located all over the world, Soul and Vibe transforms unique concepts
into engaging, highly accessible, and affordable games and entertainment experiences. www.soulandvibe.com.
Safe Harbor Statement
This press release contains information
that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform
Act of 1995. All statements, trends, analysis, and other information contained in this press release, including words such as "anticipate,"
"believe", "plan", "estimate", "expect", "intend", and other similar expressions
of opinion, constitute forward-looking statements. Any such forward-looking statements involve risks and uncertainties that could
cause actual results to differ materially from any future results described within the forward-looking statements. Risk factors
that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the Securities
and Exchange Commission. The forward-looking information provided herein represents the Company's estimates as of the date of the
press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims
any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not
be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date
of this press release.
Contact:
Investor Relations
Andrew Haag
IRTH Communications
Phone: +1-866-976-IRTH (4784)
soul@irthcommunications.com
or
Tel: +1-763-400-8040
Website: www.soulandvibe.com
Facebook:
Official Facebook Page
Twitter:
Official Twitter Page
Linkedin: Official Linkedin
Page
| [
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793044-000110465905012941-a05-5771_1ex99d1 | EX-99.1
2
a05-5771_1ex99d1.htm
EX-99.1
Exhibit 99.1
FOR IMMEDIATE RELEASE
SPORTS
ENTERTAINMENT ENTERPRISES, INC.
Media
Contact: Sean Cassidy
212-981-5233
Ed
Tagliaferri
212-981-5182
Robert
Zimmerman
212-981-5118
AMERICAN
IDOL™
JOINS ELVIS AT CKX, INC. [NASDAQ:CKXE]
ROBERT F.X. SILLERMAN'S CKX ACQUIRES 19 ENTERTAINMENT,
CREATOR OF
AMERICAN IDOL,
AND PARTNERS WITH FOUNDER, SIMON FULLER
New York, New York-March 18, 2005-Sports Entertainment
Enterprises, Inc. d/b/a CKX, Inc. (NASDAQ: CKXE), the control of
which was recently acquired by Robert F. X. Sillerman, announced today that it
has acquired 19 Entertainment Limited, the United Kingdom-based company best
known for creating the
American Idol
ä
television program. In addition, CKX has
entered into a long-term agreement with Simon Fuller, the founder and the
creative force behind 19's most successful projects.
This transaction follows CKX's recent acquisition of a
controlling interest in Elvis Presley Enterprises, which owns and/or controls
the commercial utilization of the name, image and likeness of Elvis Presley,
the operation of the Graceland museum and related attractions, as well as
revenue derived from Elvis Presley's, television specials, films and certain of
his music.
CKX acquired 19 Entertainment from its shareholders,
including Mr. Fuller, for total consideration consisting of £64.5
million (US $124.4 million) in
cash and 1,870,558 shares of CKX common stock, each paid at closing, and an
additional
£19.2
million ($36.9
million) in either cash or stock to be paid following delivery of
audited results for the fiscal year ended June 30, 2005. The Company
financed the cash consideration with borrowings and through the exercise of
$25.0 million of outstanding common stock purchase warrants held by Robert F.
X. Sillerman and other members of management of CKX, the Huff Alternative Fund,
the Company's largest institutional equity investor, and an affiliate of Huff.
The warrants were obtained by Mr. Sillerman, Huff and the other holders in
connection with their initial investments in the Company in February 2005.
19 Entertainment, based in the United Kingdom, is a
leading creator and producer of entertainment properties, including
American Idol
in the United States,
Pop Idol
in the United Kingdom, as well as versions of the
Pop Idol
format in more than 30 countries around the world. In addition to creating and
producing entertainment programming, the Company has recording contracts with
and/or manages or has managed some of the world's best known musicians and
other artists, including the Spice Girls, Annie Lennox, S Club 7 and former
American
Idol
and
Pop Idol
participants, such as Kelly Clarkson, Clay Aiken,
Ruben Studdard and Fantasia. The Company has also entered into an exclusive
global joint venture with David Beckham, one of the most recognized athletes in
the world, and Victoria Beckham, an influential symbol in both the fashion and
music worlds.
Commenting on the 19 acquisition, Mr. Sillerman
said, "Simon Fuller and his associates at 19 Entertainment have a long history
of developing and building some of the most impactful branded entertainment
properties in the world. We are thrilled to have them as partners of CKX. As we
grow our
1
business, the content that
19 owns, controls, is developing, or develops in the future will become
important elements in our effort to refocus the relationship between the
creators of content and the distributors of that content".
Mr. Fuller added, "This is a hugely exciting new
partnership for myself and 19 Entertainment.
CKX will provide 19 with a powerful platform for global growth and allow
us to fully take advantage of all the amazing opportunities that lie ahead. Bob Sillerman is a true visionary. From the very first day we met it was clear
that we shared the same dynamic vision for the direction of the entertainment
industry in the 21st century and the ever increasing importance of content and
creativity. I cannot wait to get
started."
In addition to controlling the operations of 19
Entertainment and its subsidiaries, Mr. Fuller will be appointed a
director of CKX and will play a key role in planning and implementing the
Company's overall creative direction. Mr. Fuller, who founded 19
Entertainment in 1985, has spent his entire career in the entertainment
industry and has been publicly recognized as among the most successful British
music managers of all time.
CKX is engaged in the ownership, development and
commercial utilization of entertainment content.
For more detailed information see our Current Report
on Form 8-K, which may be obtained at the SEC's web site at
www.sec.gov.
Financial information for CKX can be obtained
at the SEC's website as well.
Financial information filed by 19 Entertainment with
the United Kingdom Registrar of Companies under Section 242 of the
Companies Act of 1985 can be found at
www.companies-house.gov.uk/.
This document includes certain forward-looking
statements within the meaning of the Private Securities Litigation Reform Act
of 1995. These statements are based on management's current expectations or
beliefs, and are subject to uncertainty and changes in circumstances. Actual
results may vary materially from those expressed or implied by the statements
herein due to changes in economic, business, competitive, technological and/or
regulatory factors, acquisitions of dispositions of business assets, and the
potential impact of future decisions by management that may result in merger
and restructuring charges, as well as the potential impact of any future
impairment charges to goodwill or other intangible assets. More detailed
information about these factors may be found in filings by Sports Entertainment
Enterprises, Inc. with the Securities and Exchange Commission. Sports
Entertainment Enterprises, Inc. is under no obligation to, and expressly
disclaims any such obligation to, update or alter its forward-looking
statements, whether as a result of new information, future events, or
otherwise.
2
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",",
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"-",
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",",
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"Financial",
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"Kingdom",
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"Act",
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"1985",
"can",
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"-",
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"Act",
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",",
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"Actual",
"results",
"may",
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"those",
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"by",
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891532-000114420407032565-v078734_ex99-1 | EX-99.1
3
v078734_ex99-1.htm
Perma-Fix
Completes Acquisition of
PEcoS'
Radioactive
and Mixed Waste Treatment Facility
Atlanta
- June 14, 2007 - Perma-Fix Environmental Services, Inc. (Nasdaq: PESI; BSE:
PESI; Germany: PES.BE)
,
today
announced that it has completed its acquisition of Nuvotec
USA, Inc. (Nuvotec) and its wholly owned subsidiary,
Pacific
EcoSolutions, Inc. (PEcoS),
for
$11.2 million. PEcoS, based in Richland, Washington is a nuclear waste
management company that treats both low level and mixed waste.
In
connection with the transaction, Perma-Fix issued $2.0 million in shares of
Perma-Fix common stock and $2.5 million in debt instruments payable over a
four
year period to those Nuvotec shareholders that qualify as accredited investors,
$2.3 million in cash to both non-accredited and accredited Nuvotec shareholders,
and up to $4.4 million of cash earn-out to both non-accredited and accredited
Nuvotec shareholders, which could vary dependent on meeting or exceeding certain
future revenue thresholds over a four year period. Perma-Fix assumed $9.4
million of debt, plus the debts and obligations of PEcoS incurred in the
ordinary course of PEcoS' business. PEcoS' facility is permitted to treat, store
and process low level radioactive and mixed waste,
and is
located adjacent to the Department of Energy's (DOE) Hanford site.
Dr.
Louis
F. Centofanti, Chairman and Chief Executive Officer, stated, "This
important milestone is beneficial to Perma-Fix on many levels, as it increases
our treatment capacity, expands our west coast presence, and secures PEcoS'
radioactive and hazardous waste permits and licenses. The
PEcoS
facility is located adjacent to the Hanford site and provides us access to
treat
some of the
most
complex nuclear waste streams in the nation.
This is
an important step in the development of our strategy to become a focused nuclear
services company".
About
Perma-Fix Environmental Services
Perma-Fix
Environmental Services, Inc. is a national environmental services company,
providing unique mixed waste and industrial waste management services. The
Company has increased its focus on the Nuclear services segment, which provides
radioactive and mixed waste treatment services to hospitals, research
laboratories and institutions, numerous federal agencies including DOE and
the
U.S. Department of Defense and nuclear utilities. The Industrial services
segment provides hazardous and non-hazardous waste treatment services for a
diverse group of customers including Fortune 500 companies, numerous federal,
state and local agencies and thousands of smaller clients. The Company operates
nine major waste treatment facilities across the country.
This
press release contains "forward-looking statements" which are based largely on
the Company's expectations and are subject to various business risks and
uncertainties, certain of which are beyond the Company's control.
Forward-looking statements include, but are not limited to information
concerning
the
PEcoS acquisition increasing our treatment capacity, expanding our west coast
presence, and securing PEcoS' radioactive and hazardous waste permits and
licenses; as well as providing us access to treat some of the most complex
nuclear waste streams in the nation. These forward-looking statements are
intended to qualify for the safe harbors from liability established by the
Private Securities Litigation Reform Act of 1995. While the Company believes
the
expectations reflected in this news release are reasonable, it can give no
assurance such expectations will prove to be correct. There are a variety of
factors which could cause future outcomes to differ materially from those
described in this release, including without limitation, future economic
conditions; industry conditions; competitive pressures and
the
additional factors described in our Form 10-K and first quarter 2007 Form
10-Q.
The
Company makes no commitment to disclose any revisions to forward-looking
statements, or any facts, events or circumstances after the date hereof that
bear upon forward-looking statements.
Please
visit us on the World Wide Web at http://www.perma-fix.com.
*****
Contacts:
Dr. Louis F. Centofanti, Chairman and
CEO
David K. Waldman-US Investor
Relations
Perma-Fix Environmental Services,
Inc.
Crescendo Communications, LLC
(770) 587-5155
(212) 671-1020 x101
Herbert Strauss-European Investor
Relations
herbert@eu-ir.com
+43 316 296 316
| [
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216228-000021622821000032-exhibit992proformaunaudite | EX-99.2
4
exhibit992proformaunaudite.htm
EX-99.2
Document
EXHIBIT 99.2
Unaudited Pro Forma Consolidated Condensed Financial Statements
Introduction
On June 30, 2021, the Company entered into a Membership Interest Purchase Agreement (the "Purchase Agreement") with Sapphire TopCo, Inc. ("Buyer") under which the Company transferred 100% of the equity interests of InTelCo Management LLC ("InTelCo") to the Buyer (the "Sale") effective as of 12:01am on July 1, 2021. In connection with the Sale, the Company contributed approximately $398 million of cash to InTelCo. Because subsidiaries of InTelCo are the obligors for the Company's asbestos-related liabilities and policyholders of related insurance assets, the rights and obligations related to these items transferred upon completion of the Sale. In addition, pursuant to the Purchase Agreement, Buyer and InTelCo indemnify the Company and its affiliates for asbestos-related liabilities and other product liabilities as more specifically described in the Purchase Agreement. This indemnification obligation with respect to Asbestos-Related Liabilities (as such term is defined in the Purchase Agreement) is not subject to any cap or time limitation. Following the completion of the transfer, the Company no longer has any obligation with respect to previously recorded asbestos-related liabilities or rights with respect to the related insurance assets. As such, effective as of closing, InTelCo has been deconsolidated from the financial results of the Company.
The unaudited pro forma financial information was prepared utilizing our historical financial data derived from the interim consolidated financial statements included in our Quarterly Report on Form 10-Q for the period ended April 3, 2021, which was filed with the Securities and Exchange Commission on May 7, 2021, and from the audited consolidated financial statements for the year ended December 31, 2020 included in our Annual Report on Form 10-K, which was filed with the Securities and Exchange Commission on February 19, 2021. The pro forma adjustments are described in the notes to the unaudited pro forma information and are based upon available information and assumptions that we believe are reasonable.
The unaudited pro forma financial information is for informational purposes only and is not necessarily indicative of what our financial performance and financial position would have been had the transaction been completed on the dates assumed, nor is such unaudited pro forma financial information necessarily indicative of the results to be expected in any future period.
EXHIBIT 99.2
ITT INC. AND SUBSIDIARIES
UNAUDITED PRO FORMA CONSOLIDATED CONDENSED BALANCE SHEETS
(IN MILLIONS)
April 3, 2021
As Reported
InTelCo
Divestiture
(a)
Other
Adjustments
(b)
April 3, 2021
Pro Forma
Assets
Current assets:
Cash and cash equivalents
$
780.2
$
(398.0)
$
150.0
$
532.2
Receivables, net
546.3
546.3
Inventories, net
374.7
374.7
Other current assets
190.8
(91.0)
99.8
Total current assets
1,892.0
(489.0)
150.0
1,553.0
Plant, property and equipment, net
501.2
501.2
Goodwill
933.4
933.4
Other intangible assets, net
100.3
100.3
Asbestos-related assets
330.8
(330.8)
-
Deferred income taxes
156.3
(116.7)
39.6
Other non-current assets
265.7
265.7
Total non-current assets
2,287.7
(447.5)
1,840.2
Total assets
$
4,179.7
$
(936.5)
$
150.0
$
3,393.2
Liabilities and Shareholders' Equity
Current liabilities:
Commercial paper and current maturities of long-term debt
$
61.2
$
150.0
$
211.2
Accounts payable
327.0
(0.1)
326.9
Accrued liabilities
438.3
(91.3)
347.0
Total current liabilities
826.5
(91.4)
150.0
885.1
Asbestos-related liabilities
818.3
(818.3)
-
Postretirement benefits
222.8
222.8
Other non-current liabilities
204.2
204.2
Total non-current liabilities
1,245.3
(818.3)
427.0
Total liabilities
$
2,071.8
$
(909.7)
$
150.0
$
1,312.1
Total ITT Inc. shareholders' equity
2,106.1
(26.8)
2,079.3
Noncontrolling interests
1.8
1.8
Total shareholders' equity
2,107.9
(26.8)
2,081.1
Total liabilities and shareholders' equity
$
4,179.7
$
(936.5)
$
150.0
$
3,393.2
EXHIBIT 99.2
UNAUDITED PRO FORMA CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS
(IN MILLIONS, EXCEPT PER SHARE AMOUNTS)
Three Months Ended
April 3, 2021
Twelve Months Ended
December 31, 2020
As Reported
InTelCo Divestiture (c)
Pro Forma
As Reported
InTelCo Divestiture (c)
Pro Forma
Revenue
$
698.4
$
698.4
$
2,477.8
$
2,477.8
Costs of revenue
469.4
469.4
1,695.6
1,695.6
Gross profit
229.0
229.0
782.2
782.2
General and administrative expenses
52.1
52.1
200.7
200.7
Sales and marketing expenses
36.7
36.7
146.5
146.5
Research and development expenses
24.3
24.3
84.9
84.9
Asbestos-related costs (benefit), net
2.4
(2.4)
-
66.3
(94.9)
(28.6)
Other operating expenses
3.6
3.6
57.3
57.3
Operating income
109.9
2.4
112.3
226.5
94.9
321.4
Interest and non-operating (income) expenses, net
(1.3)
0.1
(1.2)
141.3
0.3
141.6
Income from continuing operations before income tax expense
111.2
2.3
113.5
85.2
94.6
179.8
Income tax expense
24.7
0.5
25.2
15.3
118.8
134.1
Less: Income attributable to noncontrolling interests
0.3
0.3
1.4
1.4
Income from continuing operations, net of tax attributable to ITT Inc.
$
86.2
$
1.8
$
88.0
$
68.5
$
(24.2)
$
44.3
Earnings per share from continuing operations attributable to ITT Inc.:
Basic earnings per share
$
1.00
$
0.02
$
1.02
$
0.79
$
(0.28)
$
0.51
Diluted earnings per share
$
0.99
$
0.02
$
1.01
$
0.78
$
(0.27)
$
0.51
Weighted average common shares - basic
86.3
86.3
86.3
86.7
86.7
86.7
Weighted average common shares - diluted
86.9
86.9
86.9
87.3
87.3
87.3
EXHIBIT 99.2
Notes to Unaudited Pro Forma Consolidated Condensed Financial Information
(Millions of Dollars)
Note 1. Basis of Presentation
The pro forma consolidated condensed balance sheet and statements of operations have been derived from the historical consolidated condensed balance sheet and statements of operations of ITT Inc. as adjusted to give effect to the sale of InTelCo. The pro forma consolidated condensed balance sheet gives effect to the sale as if it occurred on April 3, 2021, which was the last day of ITT Inc.'s 2021 first fiscal quarter. The pro forma consolidated condensed statements of operations for the three months ended April 3, 2021 and the year ended December 31, 2020 give effect to the sale as if it occurred on January 1, 2020.
Note 2. Sale Transaction
Pursuant to the sale agreement, ITT Inc. contributed $398 to the InTelCo entities and 100% of the equity interests of InTelCo were transferred to the Buyer, and Buyer and InTelCo indemnify ITT for all asbestos-related and other product liabilities. Following the completion of the transfer, the Company no longer has any obligation with respect to previously recorded asbestos-related liabilities or rights with respect to the related insurance assets. As such, effective as of closing, InTelCo has been deconsolidated from the financial results of the Company as we no longer maintain control of the entity.
The transaction was partially funded with $150 in borrowings under our U.S. commercial paper program at a weighted average interest rate of 21 basis points.
Note 3. Pro Forma Adjustments
(a) Represents adjustments to reflect the disposition of the asbestos-related assets and liabilities of InTelCo associated with the transaction described above, including deferred tax assets, for $398 in cash. The net decrease to shareholders' equity of $26.8 represents the estimated after-tax loss on the disposition of InTelCo as if it occurred on April 3, 2021.
(b) The transaction was partially funded with commercial paper borrowings, with a weighted average interest rate of 21 basis points at the time of the transaction. This adjustment reflects the borrowings as if they occurred on April 3, 2021.
(c) Represents adjustments to eliminate the operating results of InTelCo and other administrative expenses related to the management of asbestos liabilities. The year ended December 31, 2020 includes a non-recurring pre-tax gain of $28.6 and non-recurring income tax expense of $101.5 had the sale occurred on January 1, 2020. Additionally, an adjustment is made for incremental interest expense assuming the commercial paper borrowings of $150 with a weighted average interest rate of 21 basis points were outstanding during the periods presented. The tax effect was calculated using the statutory rates in effect during the periods presented.
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"780",
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"150",
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"-",
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"116",
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"7",
")",
"39",
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"-",
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"-",
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"(",
"447",
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"7",
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"(",
"936",
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")",
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"(",
"26",
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")",
"2,079",
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"2,477",
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"4",
"469",
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"1,695",
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"6",
"1,695",
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"229",
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"0",
"229",
".",
"0",
"782",
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"2",
"782",
".",
"2",
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"52",
".",
"1",
"52",
".",
"1",
"200",
".",
"7",
"200",
".",
"7",
"Sales",
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"36",
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"7",
"36",
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"7",
"146",
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"5",
"146",
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"3",
"24",
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"3",
"84",
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"(",
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")",
"-",
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"3",
"(",
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"(",
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"6",
"3",
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"6",
"57",
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"3",
"57",
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"3",
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"109",
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"9",
"2",
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"4",
"112",
".",
"3",
"226",
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"5",
"94",
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"9",
"321",
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"3",
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"0",
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"1",
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"141",
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"141",
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"111",
".",
"2",
"2",
".",
"3",
"113",
".",
"5",
"85",
".",
"2",
"94",
".",
"6",
"179",
".",
"8",
"Income",
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"24",
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"7",
"0",
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"5",
"25",
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"2",
"15",
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"3",
"118",
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"8",
"134",
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"1",
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"$",
"86",
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"2",
"$",
"1",
".",
"8",
"$",
"88",
".",
"0",
"$",
"68",
".",
"5",
"$",
"(",
"24",
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"2",
")",
"$",
"44",
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"79",
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"27",
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"86",
".",
"3",
"86",
".",
"3",
"86",
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"86",
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"7",
"86",
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"7",
"86",
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"7",
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"-",
"diluted",
"86",
".",
"9",
"86",
".",
"9",
"86",
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"9",
"87",
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"3",
"87",
".",
"3",
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913032-000110465905001548-a05-1476_1ex99d1 | EX-99.1
3
a05-1476_1ex99d1.htm
EX-99.1
Exhibit
99.1
PRESS
RELEASE
Monterey Gourmet Foods, Inc.
528
Moffett Street, Salinas CA 93905
831/753-6262
CONTACT:
Jim Williams, Chief Executive Officer, Ext
118 jimw@montereygourmetfoods.com
Scott Wheeler, Chief Financial Officer, Ext 141 scottw@montereygourmetfoods.com
FOR IMMEDIATE RELEASE
Monterey Gourmet Foods Acquires 60% Ownership in Casual Gourmet Foods,
Inc.
.
Gains unique products in growing category for
Monterey Gourmet Foods
.
Continues strategy of diversification and
growth in the refrigerated specialty gourmet foods market
SALINAS, CA (January 12,
2005
) Monterey
Gourmet Foods, Inc. (NASDAQ:PSTA) announced today that it has acquired 60%
ownership in Casual Gourmet Foods (CGF), a leading marketer of refrigerated
specialty food products. Monterey
Gourmet Foods (MGF) paid CGF shareholders $6.0 million cash for 60% of the
company. Additionally, the acquisition
agreement provides for the purchase of the remaining 40% ownership over the
next three years. CGF will continue
during that period to operate as a separate entity under its current
management.
CGF, with annual sales of over $13 million, markets
a wide range of refrigerated branded specialty items, including chicken
sausages, chicken burgers, and gourmet soups.
Their products are sold in club stores and retail food stores in 38
states. Some of their most popular
sausage items include red bell pepper with basil, and spinach with Asiago
cheese. Their lobster bisque soup is
also a strong seller. Additional
information about CGF can be found on its website at www.cgfoods.com.
Jim Williams, Monterey Gourmet's President and CEO,
commented, "Casual Gourmet represents a valuable addition to Monterey Gourmet
Foods and is expected to be accretive to earnings in 2005. This acquisition supports our growth strategy
in the specialty premium refrigerated food category. Casual Gourmet's great-tasting lower fat,
low-calorie sausages and burgers fit well with today's consumer interested in
unique and healthy food choices. CGF
sausage products are positioned in the fast growing healthy gourmet segment of
the large cooked sausage category. Their
refrigerated, fully cooked soups cater to the time-starved consumer looking for
premium gourmet meal options. Like MGF,
Casual Gourmet competes in the refrigerated sections in club and retail food
store channels, so there are several synergies available between our two
companies. We envision expanding the
existing Casual Gourmet brand, developing new products, and increasing
distribution in club, retail, and potentially other channels".
Commenting on the CGF team, Williams stated, "We are
very pleased to be working with Ben Rizzo, CEO, Dave Canarelli, COO and Robert
Hapanowicz, CFO. They bring a long
history of food industry leadership and are the right team to head up our
efforts in this new endeavor. They have
guided CGF through a very aggressive growth phase over the last several years,
and achieved a sales increase of more than 50% in 2004 compared to 2003. CGF will function as a relatively autonomous
entity, while working with Monterey Gourmet Foods to maximize synergies and
efficiencies".
CGF's Ben Rizzo commented, "Monterey Gourmet's high
quality products are a great fit with those of Casual Gourmet. We are very excited about the opportunities to
grow the Casual Gourmet brand through this alliance".
This press release contains forward-looking
statements concerning the effect of
Monterey Gourmet Foods' corporate acquisitions and product innovations on
projected sales for future periods, including without limitation statements
including such terms as "is expected to be accretive to earnings", "is……growing",
"are positioned in the fast growing ….. segment", "envision", potentially", and "maximize
synergies and efficiencies." These forward-looking statements are based on
currently available competitive, financial and economic data and management's
views and assumptions regarding future events.
Such forward-looking statements are inherently uncertain, and investors
must recognize that actual results may differ from those expressed or implied
in the forward-looking statements.
Consequently, the Company wishes to caution readers not to place undue
reliance on any forward-looking statements.
Among the factors that could cause Monterey Gourmet Foods' actual
results to differ from such forward-looking statements are the following: (i) the
process associated with the integrations of CGF's operations, processes, and
products, (ii) a significant reduction
of sales to two major customers currently comprising a majority of total
revenues, (iii) the retention of newly acquired customers including achieving
volume projections for these new customers, (iv) the Company's ability to
achieve improved production efficiencies in connection with the introduction of
its new packaging and new items, (v) the timely and cost-effective introduction
of new products in the coming months, (vi) the utilization of the
recently-completed plant expansion and the increased fixed costs associated
with increased plant capacity, (vii) retention of key personnel and retention
of key management, (viii) the risks inherent in food production, (ix) intense
competition in the market in which the Monterey Gourmet competes and (x) Monterey Gourmet's ability to source
competitively priced raw materials to achieve historical operating
margins. In addition, Monterey Gourmet's
results may also be affected by general factors, such as economic conditions,
political developments, interest and inflation rates, accounting standards,
taxes, and laws and regulations in markets where Monterey Gourmet competes.
Monterey Gourmet has provided additional
information regarding risks associated with the business in its Annual Report
on Form 10-K for fiscal 2003, and its Reports of Material Event on Forms 8-K filed
February 5, 2004, February 10, 2004, Monterey Gourmet Foods
undertakes no obligation to update or revise publicly, any forward looking
statements whether as a result of new information, future events or otherwise.
Monterey Gourmet Foods manufactures USDA
inspected, fresh gourmet refrigerated food products at its integrated 143,000
square foot corporate headquarters, distribution, and manufacturing facilities
in Salinas, (Monterey County) California,
its organic food production facility in Eugene, Oregon and its recently
acquired facility in Seattle, Washington.
Monterey Gourmet Foods has national distribution of its products in over
9,700 retail and club stores throughout the United States and selected regions of
Canada, the Caribbean, Latin America, and Asia Pacific.
** End **
2
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"to",
"grow",
"the",
"Casual",
"Gourmet",
"brand",
"through",
"this",
"alliance",
"\"",
".",
"This",
"press",
"release",
"contains",
"forward",
"-",
"looking",
"statements",
"concerning",
"the",
"effect",
"of",
"Monterey",
"Gourmet",
"Foods",
"'",
"corporate",
"acquisitions",
"and",
"product",
"innovations",
"on",
"projected",
"sales",
"for",
"future",
"periods",
",",
"including",
"without",
"limitation",
"statements",
"including",
"such",
"terms",
"as",
"\"",
"is",
"expected",
"to",
"be",
"accretive",
"to",
"earnings",
"\"",
",",
"\"",
"is",
"…",
"…",
"growing",
"\"",
",",
"\"",
"are",
"positioned",
"in",
"the",
"fast",
"growing",
"…",
".",
".",
"segment",
"\"",
",",
"\"",
"envision",
"\"",
",",
"potentially",
"\"",
",",
"and",
"\"",
"maximize",
"synergies",
"and",
"efficiencies",
".",
"\"",
"These",
"forward",
"-",
"looking",
"statements",
"are",
"based",
"on",
"currently",
"available",
"competitive",
",",
"financial",
"and",
"economic",
"data",
"and",
"management",
"'s",
"views",
"and",
"assumptions",
"regarding",
"future",
"events",
".",
"Such",
"forward",
"-",
"looking",
"statements",
"are",
"inherently",
"uncertain",
",",
"and",
"investors",
"must",
"recognize",
"that",
"actual",
"results",
"may",
"differ",
"from",
"those",
"expressed",
"or",
"implied",
"in",
"the",
"forward",
"-",
"looking",
"statements",
".",
"Consequently",
",",
"the",
"Company",
"wishes",
"to",
"caution",
"readers",
"not",
"to",
"place",
"undue",
"reliance",
"on",
"any",
"forward",
"-",
"looking",
"statements",
".",
"Among",
"the",
"factors",
"that",
"could",
"cause",
"Monterey",
"Gourmet",
"Foods",
"'",
"actual",
"results",
"to",
"differ",
"from",
"such",
"forward",
"-",
"looking",
"statements",
"are",
"the",
"following",
":",
"(",
"i",
")",
"the",
"process",
"associated",
"with",
"the",
"integrations",
"of",
"CGF",
"'s",
"operations",
",",
"processes",
",",
"and",
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",",
"(",
"ii",
")",
"a",
"significant",
"reduction",
"of",
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"to",
"two",
"major",
"customers",
"currently",
"comprising",
"a",
"majority",
"of",
"total",
"revenues",
",",
"(",
"iii",
")",
"the",
"retention",
"of",
"newly",
"acquired",
"customers",
"including",
"achieving",
"volume",
"projections",
"for",
"these",
"new",
"customers",
",",
"(",
"iv",
")",
"the",
"Company",
"'s",
"ability",
"to",
"achieve",
"improved",
"production",
"efficiencies",
"in",
"connection",
"with",
"the",
"introduction",
"of",
"its",
"new",
"packaging",
"and",
"new",
"items",
",",
"(",
"v",
")",
"the",
"timely",
"and",
"cost",
"-",
"effective",
"introduction",
"of",
"new",
"products",
"in",
"the",
"coming",
"months",
",",
"(",
"vi",
")",
"the",
"utilization",
"of",
"the",
"recently",
"-",
"completed",
"plant",
"expansion",
"and",
"the",
"increased",
"fixed",
"costs",
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"increased",
"plant",
"capacity",
",",
"(",
"vii",
")",
"retention",
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"and",
"retention",
"of",
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"management",
",",
"(",
"viii",
")",
"the",
"risks",
"inherent",
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"production",
",",
"(",
"ix",
")",
"intense",
"competition",
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"in",
"which",
"the",
"Monterey",
"Gourmet",
"competes",
"and",
"(",
"x",
")",
"Monterey",
"Gourmet",
"'s",
"ability",
"to",
"source",
"competitively",
"priced",
"raw",
"materials",
"to",
"achieve",
"historical",
"operating",
"margins",
".",
"In",
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",",
"Monterey",
"Gourmet",
"'s",
"results",
"may",
"also",
"be",
"affected",
"by",
"general",
"factors",
",",
"such",
"as",
"economic",
"conditions",
",",
"political",
"developments",
",",
"interest",
"and",
"inflation",
"rates",
",",
"accounting",
"standards",
",",
"taxes",
",",
"and",
"laws",
"and",
"regulations",
"in",
"markets",
"where",
"Monterey",
"Gourmet",
"competes",
".",
"Monterey",
"Gourmet",
"has",
"provided",
"additional",
"information",
"regarding",
"risks",
"associated",
"with",
"the",
"business",
"in",
"its",
"Annual",
"Report",
"on",
"Form",
"10",
"-",
"K",
"for",
"fiscal",
"2003",
",",
"and",
"its",
"Reports",
"of",
"Material",
"Event",
"on",
"Forms",
"8",
"-",
"K",
"filed",
"February",
"5",
",",
"2004",
",",
"February",
"10",
",",
"2004",
",",
"Monterey",
"Gourmet",
"Foods",
"undertakes",
"no",
"obligation",
"to",
"update",
"or",
"revise",
"publicly",
",",
"any",
"forward",
"looking",
"statements",
"whether",
"as",
"a",
"result",
"of",
"new",
"information",
",",
"future",
"events",
"or",
"otherwise",
".",
"Monterey",
"Gourmet",
"Foods",
"manufactures",
"USDA",
"inspected",
",",
"fresh",
"gourmet",
"refrigerated",
"food",
"products",
"at",
"its",
"integrated",
"143,000",
"square",
"foot",
"corporate",
"headquarters",
",",
"distribution",
",",
"and",
"manufacturing",
"facilities",
"in",
"Salinas",
",",
"(",
"Monterey",
"County",
")",
"California",
",",
"its",
"organic",
"food",
"production",
"facility",
"in",
"Eugene",
",",
"Oregon",
"and",
"its",
"recently",
"acquired",
"facility",
"in",
"Seattle",
",",
"Washington",
".",
"Monterey",
"Gourmet",
"Foods",
"has",
"national",
"distribution",
"of",
"its",
"products",
"in",
"over",
"9,700",
"retail",
"and",
"club",
"stores",
"throughout",
"the",
"United",
"States",
"and",
"selected",
"regions",
"of",
"Canada",
",",
"the",
"Caribbean",
",",
"Latin",
"America",
",",
"and",
"Asia",
"Pacific",
".",
"**",
"End",
"**",
"2"
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720154-000114420419024240-tv520883_ex99-1 | EX-99.1
2
tv520883_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
NEWS RELEASE
FOR MORE INFORMATION:
BASi Company Contacts:
Joe Flynn
Chief Commercial Officer
Phone: 314.882.2218
jflynn@BASinc.com
Jill C. Blumhoff
Chief Financial Officer
Phone: 765.497.8381
jblumhoff@BASinc.com
Smithers Company Contact:
David L. Schwarz
Vice President
Marketing and Strategic Planning
Phone: 330.762.7441
dschwarz@smithers.com
CORRECTED
PRESS RELEASE: BASi Acquires the Smithers Avanza
Toxicology Services Business Unit to Support Growing Toxicology Business
and
Broaden Scientific Talent
WEST LAFAYETTE, Ind., May 7, 2019 -- This press release
corrects a prior version published on May 1, 2019, and is updated to revise the amount of one of the loans previously reported.
The corrected release reads:
BASi Acquires
the Smithers Avanza Toxicology Services Business Unit to
Support Growing Toxicology Business and Broaden Scientific Talent
WEST LAFAYETTE, Ind., May 1, 2019
--
Bioanalytical Systems, Inc
.
, (NASDAQ:BASI) ("BASi" or the "Company") today
announced its acquisition of the
Smithers Avanza Toxicology Services
business unit, a contract research organization (CRO)
located in Gaithersburg, Maryland, which specializes in general toxicology, vaccine safety and developmental and reproductive
toxicology (DART) studies, in support of pharmaceutical and chemical industry research and development. The acquired business
will operate as a wholly owned subsidiary of BASi under the name BASi Gaithersburg.
"The
acquisition of the Smithers Avanza Toxicology Services business unit solidly supports BASi's vision of strategic growth,"
said Robert Leasure, Jr., BASi's President and Chief Executive Officer. "
With
strong demand for our toxicology and drug disposition services, we needed to add space and talent.
The team that is joining
us from Smithers in Gaithersburg will allow us to provide more resources to our clients, while remaining small enough to be flexible,
responsive and consultative. Not only will the Gaithersburg site provide increased capacity for routine safety assessment, we also
acquired significant expertise in developmental and reproductive toxicology".
Michael Hochschwender, President and Chief Executive Officer,
The Smithers Group, Inc., commented, "Selling a business unit is never an easy decision, but we recognized that the scope
and scale of BASi coupled with our team's scientific expertise would benefit our clients and team tremendously. Operating
as a single site toxicology business presented operational efficiency challenges that could be overcome with the added sites and
in-house capabilities of BASi. We are very proud of the accomplishments and reputation of the Gaithersburg Toxicology Services
team. We are thankful to our loyal clients who supported this business and are confident they will enjoy a seamless transition
to BASi."
BASi provides contract research services and monitoring instruments
to emerging pharmaceutical companies, drug development companies, and medical research organizations-primarily in drug discovery
and development, and integrating services across commercial and academic settings. The acquisition of the Smithers Avanza Toxicology
Services business unit is another strategic milestone for the Company which made several key appointments to its organizational
leadership in recent months, invested in the multi-phase expansion of its GLP toxicology facility near Evansville, Indiana, and
acquired the Missouri-based
Seventh Wave Laboratories
in July of last year.
With this transaction, BASi adds immediate
capacity and expects to further capitalize on its assets and broadened scientific expertise to guide clients through drug safety
and disposition evaluations utilizing a comprehensive portfolio of tools and services:
·
Lead optimization through candidate selection;
·
In vivo toxicology and pharmacology;
·
Vaccine safety testing;
·
Developmental and Reproductive Toxicology (DART);
·
GLP in vivo services;
·
GLP and non-GLP/discovery bioanalysis;
·
Histopathology including immunohistochemistry and image analysis;
·
Drug Metabolism & Pharmacokinetics;
·
In vitro and in vivo bioequivalence testing; and
·
BASi Culex
®
Automated Sampling Systems.
Michael Dorato, PhD,
DABT, Fellow ATS, former Executive Vice President of Smithers Avanza Toxicology Services and newly-appointed Senior Vice President
at BASi Gaithersburg, added, "Our group strengthens BASi's core capabilities, adds scientific depth, and expands the
offerings, all while providing a moderate-sized CRO experience, focused on clients that value flexibility and responsiveness".
Transaction Summary
Pursuant to the terms of an asset purchase
agreement (the "APA"), BASi acquired substantially all of the assets used by the seller in connection with the performance
of in-vivo mammalian toxicology CRO services for pharmaceuticals (small molecules and biologics), vaccines, agro and industrial
chemicals for approximately $1.27 million in cash (a portion of which remains in escrow), 200,000 Common Shares of BASi and an
unsecured subordinated promissory note in the initial principal amount of $810,000. In connection with the transaction, BASi amended
its credit arrangements with First Internet Bank to, among other things, renew the Company's revolving loan of $3.5 million
and to add two new term loans in the amounts of $1.27 million and $1.1 million, respectively, a portion of the proceeds of which
were used to fund the acquisition, with the remaining proceeds to be used for capital equipment financing and for future general
corporate needs.
A Current Report on Form 8-K containing
further details regarding the APA and the transaction will be filed by BASi.
About Bioanalytical Systems, Inc.
BASi 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. BASi's products focus on increasing
efficiency, improving data, and reducing the cost of taking new drugs to market. Visit www.BASinc.com for more information
about BASi.
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, and various market and operating risks detailed in the company's filings with the U.S. Securities
and Exchange Commission.
| [
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1003640-000110465908014786-a08-7118_1ex99d1 | EX-99.1
4
a08-7118_1ex99d1.htm
EX-99.1
EXHIBIT
99.1
Contact:
Jacob Inbar
President and Chief
Executive Officer,
(805) 388-1345, Ext.
201
FOR IMMEDIATE RELEASE
AML COMMUNICATIONS ACQUIRES 100% of MICA-TECH
Mica-Tech to operate as a wholly owned subsidiary
CAMARILLO, California - February 26, 2008
AML Communications, Inc. (AMLJ.OB) ("The Company")
announced today it acquired all outstanding shares of Mica-Tech, Inc.
Consideration for the acquired shares is in the form of stock options. The
options are performance based, and were issued to Mica-Tech's key employees
stock holders (the 49% balance of Mica-Tech's stock prior to this transaction
was held by Mica-Tech employees).
The Company intends to request at the upcoming annual
shareholders meeting an increase in the current stock option pool by
approximately 1.6 million shares to fund the options mentioned above.
The decision to acquire the balance of the Mica-Tech
shares was based on a need to prepare its operations for entering the Demand
Response market.
AML's management sees the opportunity
presented to Mica-Tech as an opportunity for AML shareholders. As such, steps
are being taken to bolster Mica-Tech's financial and management structure while
the company pursues its stated strategy.
For more about Demand Response, please visit the
Mica-Tech website located at http://www.mica-tech.com/
AML Communications is a designer, manufacturer, and
marketer of amplifiers and integrated assemblies that address the Defense
Electronic Warfare Markets. The Company's Web site is located at http://www.amlj.com.
This press release
contains forward-looking statements made in reliance upon the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are
not limited to, the Company's views on future profitability, commercial
revenues, market growth, capital requirements, new product introductions, and
are generally identified by words such as "thinks", "anticipates,"
"believes", "estimates", "expects", "intends", "plans,", "schedules", and similar words. Forward-looking statements are not guarantees
of future performance and are inherently subject to uncertainties and other
factors which could cause actual results to differ materially from the
forward-looking statements. These factors and uncertainties include: reductions
or cancellations in orders from new or existing customers; success in the
design of new products; the opportunity for future orders from domestic and
international customers including, in particular defense customers; general
economic conditions; the limited number of potential customers; variability in
gross margins on new products; inability to deliver products as forecast;
failure to acquire new customers; continued or new deterioration of business and
economic conditions in the wireless communications industry; and intensely
competitive industry conditions with increasing price competition. The Company refers
interested persons to its most recent Annual Report on Form 10-KSB and its
other SEC filings for a description of additional uncertainties and factors
that may affect forward-looking statements. Forward-looking statements are
based on information presently available to senior management, and the Company
has not assumed any duty to update its forward-looking statements.
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1026655-000102665515000008-pressreleasecpiacquisition | EX-99.1
4
pressreleasecpiacquisition.htm
PRESS RELEASE
Press Release CPI Acquisition
Exhibit 99.1
FOR IMMEDIATE RELEASE
CONTACT:
Kevin Barnett
(614) 870-5603
CORE MOLDING TECHNOLOGIES ACQUIRES CPI BINANI,
EXPANDS ITS THERMOPLASTICS CAPABILITIES
COLUMBUS, Ohio - March 20, 2015 - Core Molding Technologies, Inc. (NYSE MKT: CMT), a leading North American compounder of custom sheet molding compound (SMC) and molder of fiberglass reinforced plastics, today announced it has acquired substantially all of the assets of CPI Binani, Inc. ("CPI"), located in Winona, Minnesota. CPI is an innovator and active producer of direct long-fiber thermoplastics (D-LFT) products, serving the marine, automotive, packaging and other industries. CPI was previously a wholly-owned subsidiary of Binani Industries Limited, based in Mumbai, India. The transaction is an all-cash deal of $15 million, which Core will finance through a new senior secured five-year term loan. The acquisition includes a staff of approximately 100 individuals and a manufacturing facility of 83,000 square feet.
"Continuing to expand our composite technology offerings for our diverse customer base is a key element of our growth strategy", said Kevin L. Barnett, President and Chief Executive Officer of Core Molding Technologies. "CPI is a pioneer in direct long-fiber thermoplastic processing and continues to expand the applications of this versatile material system", he said. "In addition to a new technology offering, the acquisition brings us existing programs with industry leading customers, experienced leadership, a motivated and capable workforce, expanded geographic reach and an industry-leading 5,000-ton processing system, all of which fit our interests quite nicely".
Long-fiber reinforced thermoplastics systems are attractive for their versatile performance characteristics, resistance to chemicals, recyclability and fast processing times in many complex product configurations. The use of a direct process, where the compounding of the material is connected directly with the compression molding operation, improves the economics of the technology. Widely popular in Europe and Asia, D-LFT technology is still growing in North America, where applications are concentrated in the automotive industry, but include many non-automotive applications as well. Lucintel, a leading market research organization that specializes in composite processes, estimates the North American D-LFT market is growing at a CAGR of 7-9%.
CPI had annual sales in 2014 of approximately $20 million. The Company expects the transaction to be approximately $.01 to $.02 accretive to earnings per share for the remainder of 2015 and does not expect any significant restructuring, shut-down or employee severance costs during 2015.
"We are excited about adding the D-LFT technology to our growing portfolio of fiber-reinforced composite processes, and to advancing the opportunities the CPI team has under development", Barnett said. "Additionally, we see opportunities to offer the D-LFT technology to our existing customers and to cross-sell our thermoset technology to CPI's customers. The D-LFT technology is complementary to our existing operations in many ways. Integration is expected to be completed by year-end", he said.
ABOUT CORE MOLDING TECHNOLOGIES, INC.
Core Molding Technologies, Inc. is a manufacturer of sheet molding compound (SMC) and molder of fiberglass reinforced plastics. Core specializes in large-format moldings and offers a wide range of fiberglass processes, including compression molding of SMC, glass mat thermoplastics (GMT) and bulk molding compounds (BMC); spray-up, lay-up, resin transfer (RTM) and vacuum resin transfer molding (V-RTM). Additionally, the company offers liquid molding of dicyclopentadiene (DCPD). Core serves a wide variety of markets, including the medium and heavy-duty truck, marine, automotive, agriculture, construction and other commercial products. Headquartered in Columbus, Ohio, Core maintains plants in Columbus and Batavia, Ohio; Gaffney, South Carolina and Matamoros, Mexico. For further information, visit the company's website at www.coremt.com.
This press release contains certain forward-looking statements within the meaning of the federal securities laws. As a general matter, forward-looking statements are those focused upon future plans, objectives or performance as opposed to historical items and include statements of anticipated events or trends and expectations and beliefs relating to matters not historical in nature. Such forward-looking statements involve known and unknown risks and are subject to uncertainties and factors relating to Core Molding Technologies' operations and business environment, all of which are difficult to predict and many of which are beyond Core Molding Technologies' control. These uncertainties and factors could cause Core Molding Technologies' actual results to differ materially from those matters expressed in or implied by such forward-looking statements.
Core Molding Technologies believes that the following factors, among others, could affect its future performance and cause actual results to differ materially from those expressed or implied by forward-looking statements made in this report: business conditions in the plastics, transportation, marine and commercial product industries; federal and state regulations (including engine emission regulations); general economic, social and political environments in the countries in which Core Molding Technologies operates; safety and security conditions in Mexico; dependence upon certain major customers as the primary source of Core Molding Technologies' sales revenues; efforts of Core Molding Technologies to expand its customer base; the actions of competitors, customers, and suppliers; failure of Core Molding Technologies' suppliers to perform their obligations; the availability of raw materials; inflationary pressures; new technologies; regulatory matters; labor relations; the loss or inability of Core Molding Technologies to attract and retain key personnel; federal, state and local environmental laws and regulations; the availability of capital; the ability of Core Molding Technologies to provide on-time delivery to customers, which may require additional shipping expenses to ensure on-time delivery or otherwise result in late fees; risk of cancellation or rescheduling of orders; management's decision to pursue new products or businesses which involve additional costs, risks or capital expenditures; and other risks identified from time-to-time in Core Molding Technologies' other public documents on file with the Securities and Exchange Commission, including those described in Item 1A of the 2014 Annual Report to Shareholders on Form 10-K.
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"square feet",
".",
"\"",
"Continuing",
"to",
"expand",
"our",
"composite",
"technology",
"offerings",
"for",
"our",
"diverse",
"customer",
"base",
"is",
"a",
"key",
"element",
"of",
"our",
"growth",
"strategy",
"\"",
",",
"said",
"Kevin",
"L",
".",
"Barnett",
",",
"President",
"and",
"Chief",
"Executive",
"Officer",
"of",
"Core",
"Molding",
"Technologies",
".",
"\"",
"CPI",
"is",
"a",
"pioneer",
"in",
"direct",
"long",
"-",
"fiber",
"thermoplastic",
"processing",
"and",
"continues",
"to",
"expand",
"the",
"applications",
"of",
"this",
"versatile",
"material",
"system",
"\"",
",",
"he",
"said",
".",
"\"",
"In",
"addition",
"to",
"a",
"new",
"technology",
"offering",
",",
"the",
"acquisition",
"brings",
"us",
"existing",
"programs",
"with",
"industry",
"leading",
"customers",
",",
"experienced",
"leadership",
",",
"a",
"motivated",
"and",
"capable",
"workforce",
",",
"expanded",
"geographic",
"reach",
"and",
"an",
"industry",
"-",
"leading",
"5,000",
"-",
"ton",
"processing",
"system",
",",
"all",
"of",
"which",
"fit",
"our",
"interests",
"quite",
"nicely",
"\"",
".",
"Long",
"-",
"fiber",
"reinforced",
"thermoplastics",
"systems",
"are",
"attractive",
"for",
"their",
"versatile",
"performance",
"characteristics",
",",
"resistance",
"to",
"chemicals",
",",
"recyclability",
"and",
"fast",
"processing",
"times",
"in",
"many",
"complex",
"product",
"configurations",
".",
"The",
"use",
"of",
"a",
"direct",
"process",
",",
"where",
"the",
"compounding",
"of",
"the",
"material",
"is",
"connected",
"directly",
"with",
"the",
"compression",
"molding",
"operation",
",",
"improves",
"the",
"economics",
"of",
"the",
"technology",
".",
"Widely",
"popular",
"in",
"Europe",
"and",
"Asia",
",",
"D",
"-",
"LFT",
"technology",
"is",
"still",
"growing",
"in",
"North",
"America",
",",
"where",
"applications",
"are",
"concentrated",
"in",
"the",
"automotive",
"industry",
",",
"but",
"include",
"many",
"non",
"-",
"automotive",
"applications",
"as",
"well",
".",
"Lucintel",
",",
"a",
"leading",
"market",
"research",
"organization",
"that",
"specializes",
"in",
"composite",
"processes",
",",
"estimates",
"the",
"North",
"American",
"D-LFT",
"market",
"is",
"growing",
"at",
"a",
"CAGR",
"of",
"7",
"-",
"9",
"%",
".",
"CPI",
"had",
"annual",
"sales",
"in",
"2014",
"of",
"approximately",
"$",
"20 million",
".",
"The",
"Company",
"expects",
"the",
"transaction",
"to",
"be",
"approximately",
"$",
".01",
"to",
"$",
".02",
"accretive",
"to",
"earnings",
"per",
"share",
"for",
"the",
"remainder",
"of",
"2015",
"and",
"does",
"not",
"expect",
"any",
"significant",
"restructuring",
",",
"shut",
"-",
"down",
"or",
"employee",
"severance",
"costs",
"during",
"2015",
".",
"\"",
"We",
"are",
"excited",
"about",
"adding",
"the",
"D-LFT",
"technology",
"to",
"our",
"growing",
"portfolio",
"of",
"fiber",
"-",
"reinforced",
"composite",
"processes",
",",
"and",
"to",
"advancing",
"the",
"opportunities",
"the",
"CPI",
"team",
"has",
"under",
"development",
"\"",
",",
"Barnett",
"said",
".",
"\"",
"Additionally",
",",
"we",
"see",
"opportunities",
"to",
"offer",
"the",
"D-LFT",
"technology",
"to",
"our",
"existing",
"customers",
"and",
"to",
"cross",
"-",
"sell",
"our",
"thermoset",
"technology",
"to",
"CPI",
"'s",
"customers",
".",
"The",
"D-LFT",
"technology",
"is",
"complementary",
"to",
"our",
"existing",
"operations",
"in",
"many",
"ways",
".",
"Integration",
"is",
"expected",
"to",
"be",
"completed",
"by",
"year",
"-",
"end",
"\"",
",",
"he",
"said",
".",
"ABOUT",
"CORE",
"MOLDING",
"TECHNOLOGIES",
",",
"INC",
".",
"Core",
"Molding",
"Technologies",
",",
"Inc",
".",
"is",
"a",
"manufacturer",
"of",
"sheet",
"molding",
"compound",
"(",
"SMC",
")",
"and",
"molder",
"of",
"fiberglass",
"reinforced",
"plastics",
".",
"Core",
"specializes",
"in",
"large",
"-",
"format",
"moldings",
"and",
"offers",
"a",
"wide",
"range",
"of",
"fiberglass",
"processes",
",",
"including",
"compression",
"molding",
"of",
"SMC",
",",
"glass",
"mat",
"thermoplastics",
"(",
"GMT",
")",
"and",
"bulk",
"molding",
"compounds",
"(",
"BMC",
")",
";",
"spray",
"-",
"up",
",",
"lay",
"-",
"up",
",",
"resin",
"transfer",
"(",
"RTM",
")",
"and",
"vacuum",
"resin",
"transfer",
"molding",
"(",
"V",
"-",
"RTM",
")",
".",
"Additionally",
",",
"the",
"company",
"offers",
"liquid",
"molding",
"of",
"di",
"cyclopentadiene",
"(",
"DCPD",
")",
".",
"Core",
"serves",
"a",
"wide",
"variety",
"of",
"markets",
",",
"including",
"the",
"medium",
"and",
"heavy",
"-",
"duty",
"truck",
",",
"marine",
",",
"automotive",
",",
"agriculture",
",",
"construction",
"and",
"other",
"commercial",
"products",
".",
"Headquartered",
"in",
"Columbus",
",",
"Ohio",
",",
"Core",
"maintains",
"plants",
"in",
"Columbus",
"and",
"Batavia",
",",
"Ohio",
";",
"Gaffney",
",",
"South",
"Carolina",
"and",
"Matamoros",
",",
"Mexico",
".",
"For",
"further",
"information",
",",
"visit",
"the",
"company",
"'s",
"website",
"at",
"www.coremt.com",
".",
"This",
"press",
"release",
"contains",
"certain",
"forward",
"-",
"looking",
"statements",
"within",
"the",
"meaning",
"of",
"the",
"federal",
"securities",
"laws",
".",
"As",
"a",
"general",
"matter",
",",
"forward",
"-",
"looking",
"statements",
"are",
"those",
"focused",
"upon",
"future",
"plans",
",",
"objectives",
"or",
"performance",
"as",
"opposed",
"to",
"historical",
"items",
"and",
"include",
"statements",
"of",
"anticipated",
"events",
"or",
"trends",
"and",
"expectations",
"and",
"beliefs",
"relating",
"to",
"matters",
"not",
"historical",
"in",
"nature",
".",
"Such",
"forward",
"-",
"looking",
"statements",
"involve",
"known",
"and",
"unknown",
"risks",
"and",
"are",
"subject",
"to",
"uncertainties",
"and",
"factors",
"relating",
"to",
"Core",
"Molding",
"Technologies",
"'",
"operations",
"and",
"business",
"environment",
",",
"all",
"of",
"which",
"are",
"difficult",
"to",
"predict",
"and",
"many",
"of",
"which",
"are",
"beyond",
"Core",
"Molding",
"Technologies",
"'",
"control",
".",
"These",
"uncertainties",
"and",
"factors",
"could",
"cause",
"Core",
"Molding",
"Technologies",
"'",
"actual",
"results",
"to",
"differ",
"materially",
"from",
"those",
"matters",
"expressed",
"in",
"or",
"implied",
"by",
"such",
"forward",
"-",
"looking",
"statements",
".",
"Core",
"Molding",
"Technologies",
"believes",
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"following",
"factors",
",",
"among",
"others",
",",
"could",
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"its",
"future",
"performance",
"and",
"cause",
"actual",
"results",
"to",
"differ",
"materially",
"from",
"those",
"expressed",
"or",
"implied",
"by",
"forward",
"-",
"looking",
"statements",
"made",
"in",
"this",
"report",
":",
"business",
"conditions",
"in",
"the",
"plastics",
",",
"transportation",
",",
"marine",
"and",
"commercial",
"product",
"industries",
";",
"federal",
"and",
"state",
"regulations",
"(",
"including",
"engine",
"emission",
"regulations",
")",
";",
"general",
"economic",
",",
"social",
"and",
"political",
"environments",
"in",
"the",
"countries",
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"which",
"Core",
"Molding",
"Technologies",
"operates",
";",
"safety",
"and",
"security",
"conditions",
"in",
"Mexico",
";",
"dependence",
"upon",
"certain",
"major",
"customers",
"as",
"the",
"primary",
"source",
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"Core",
"Molding",
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"'",
"sales",
"revenues",
";",
"efforts",
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"Molding",
"Technologies",
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"its",
"customer",
"base",
";",
"the",
"actions",
"of",
"competitors",
",",
"customers",
",",
"and",
"suppliers",
";",
"failure",
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"Core",
"Molding",
"Technologies",
"'",
"suppliers",
"to",
"perform",
"their",
"obligations",
";",
"the",
"availability",
"of",
"raw",
"materials",
";",
"inflationary",
"pressures",
";",
"new",
"technologies",
";",
"regulatory",
"matters",
";",
"labor",
"relations",
";",
"the",
"loss",
"or",
"inability",
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"Core",
"Molding",
"Technologies",
"to",
"attract",
"and",
"retain",
"key",
"personnel",
";",
"federal",
",",
"state",
"and",
"local",
"environmental",
"laws",
"and",
"regulations",
";",
"the",
"availability",
"of",
"capital",
";",
"the",
"ability",
"of",
"Core",
"Molding",
"Technologies",
"to",
"provide",
"on",
"-",
"time",
"delivery",
"to",
"customers",
",",
"which",
"may",
"require",
"additional",
"shipping",
"expenses",
"to",
"ensure",
"on",
"-",
"time",
"delivery",
"or",
"otherwise",
"result",
"in",
"late",
"fees",
";",
"risk",
"of",
"cancellation",
"or",
"rescheduling",
"of",
"orders",
";",
"management",
"'s",
"decision",
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"pursue",
"new",
"products",
"or",
"businesses",
"which",
"involve",
"additional",
"costs",
",",
"risks",
"or",
"capital",
"expenditures",
";",
"and",
"other",
"risks",
"identified",
"from",
"time",
"-",
"to",
"-",
"time",
"in",
"Core",
"Molding",
"Technologies",
"'",
"other",
"public",
"documents",
"on",
"file",
"with",
"the",
"Securities",
"and",
"Exchange",
"Commission",
",",
"including",
"those",
"described",
"in",
"Item",
"1A",
"of",
"the",
"2014",
"Annual",
"Report",
"to",
"Shareholders",
"on",
"Form",
"10",
"-",
"K",
"."
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"O",
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828944-000155278122000016-e21568_ex99-1 | EX-99.1
4
e21568_ex99-1.htm
Exhibit 99.1
FOR
IMMEDIATE RELEASE
Investor Relations Contact:
Dominic C. Canuso
(302) 571-6833
January 3, 2022
dcanuso@wsfsbank.com
Media Contact:
Rebecca Acevedo
(215) 253-5566
racevedo@wsfsbank.com
WSFS Financial Corporation Completes Acquisition of Bryn Mawr Bank Corporation
and Welcomes Three New Board Members
WILMINGTON, Del. - WSFS Financial Corporation (Nasdaq: WSFS), the
parent company of WSFS Bank, completed the acquisition of the Bryn Mawr Bank Corporation (Nasdaq: BMTC) ("Bryn Mawr"), and
its primary subsidiary, The Bryn Mawr Trust Company ("Bryn Mawr Trust"), as of January 1, 2022. In addition, in accordance
with the merger agreement between WSFS and Bryn Mawr, Frank J. Leto, Lynn B. McKee, and Diego F. Calderin are joining the Board of Directors
of WSFS and WSFS Bank. With the acquisition finalized, WSFS strengthens its position as the premier, locally headquartered bank and wealth
management franchise in the Greater Philadelphia and Delaware region with approximately $20 billion in assets, and approximately $49 billion
in assets under administration and management.
"Both companies bring a long history of service for our Customers and Communities,
and together we will bring a deeper level of knowledge and commitment to the region", said Rodger Levenson, WSFS' Chairman,
President and CEO. "Our Customers will benefit from a highly engaged and dedicated team whose primary focus is delivering premier
products and services to the Greater Philadelphia and Delaware region." Levenson added, "We are also pleased to welcome Frank
Leto, Lynn McKee, and Diego Calderin to the WSFS Board of Directors. We know they will bring new ideas, perspectives, and industry acumen
to complement the current Board's leadership and institutional knowledge".
Bryn Mawr Trust and WSFS Customer relationships will continue business as usual
until the anticipated systems integration and brand conversion in late Q1 2022.
Bryn Mawr Trust Wealth Management Clients will continue to be served by the
same professionals from Bryn Mawr Trust Wealth Management. The integration of WSFS Wealth and Bryn Mawr Trust Wealth Management groups
will take place throughout 2022. Both banks' Customers, however, have immediate and free access to the combined WSFS and Bryn Mawr
Trust ATM network of more than 600 ATMs.
The new board members bring a wealth of knowledge and experience. Frank Leto
served as the President of Bryn Mawr since May 2014, and Chief Executive Officer of Bryn Mawr and Bryn Mawr Trust since January 2015.
Prior to that, between 2009 and 2014, Leto held a number of roles within the organization including Executive Vice President of Bryn Mawr
Trust's Wealth Management division, General Counsel, and Chief Operating Officer. Leto was also one of the longest standing directors
of Bryn Mawr and Bryn Mawr Trust, having served on the Boards of Directors from 2002 to 2021, including as Lead Independent Director from
2006 through 2009.
Active in the community, Leto's charitable work includes board positions
with The Andalusia Foundation, The Bryn Mawr Hospital Foundation and Pennsylvania Bankers Association. He previously served on the Boards
of AIM Academy, Baker Industries, The Bryn Mawr Film Institute, The Pennsylvania Academy of Fine Arts, The Pennsylvania Association of
Community Bankers and The Riddle Healthcare Foundation. Leto earned a bachelor's degree in political science from Saint Joseph's
University and a J.D. (cum laude) from The Delaware Law School of Widener University.
Lynn McKee is Executive Vice President, Human Resources for Aramark, a global
services management company employing about 248,000 associates across 19 countries. In her role, McKee is responsible for all aspects
of human resources, including building culture and employee engagement; compensation and benefits; talent management, including talent
acquisition, executive and leadership development and succession planning; and employee and labor relations. McKee also oversees Aramark's
Diversity, Equity and Inclusion, Sustainability, and Community Relations functions in addition to Corporate Services.
McKee previously served as a member of the Boards of Directors of Bryn Mawr
and Bryn Mawr Trust, where she was Chair of the Management Development & Compensation Committee, and as a member of the Board of Trustees
for Saint Joseph's University in Philadelphia, where she was Chair of the Facilities & Information Technology Committee. McKee
earned her undergraduate degree in Accounting from Saint Joseph's University and her MBA from Drexel University.
Diego Calderin is the co-founder and Managing Partner of Banbury Systems, a
data acquisition platform company that provides inventory tracking using advanced RFID readers with GPS and cellular transmission. He
was the original co-founder and Chief Technology Officer of Anexinet, which became an award-winning Digital Systems Integration company.
In 2014, Calderin and his partners sold Anexinet to a private equity company. Prior to Anexinet, Calderin was a software engineer with
General Electric and consulted at Fortune 500 companies. Calderin brings significant experience in business management, technology and
financial services industries.
Calderin previously served as a member of the Boards of Directors of Bryn Mawr
and Bryn Mawr Trust, where he was Chair of the IT Steering Committee, and as a member of the Board of Trustees for The Haverford Trust
Company, a money management firm. He is also a member of the Board of Trustees for La Salle University, where he serves on the Finance,
Facilities and Student Affairs Committees.
About WSFS Financial Corporation
WSFS Financial Corporation is a multi-billion-dollar financial services company.
Its primary subsidiary, WSFS Bank, is the oldest and largest locally managed bank and trust company headquartered in Delaware and the
Greater Philadelphia region. As of September 30, 2021, WSFS Financial Corporation had $15.4 billion in assets on its balance sheet and
$27.6 billion in assets under management and administration. WSFS operates from 112 offices, 89 of which are banking offices, located
in Pennsylvania (52), Delaware (42), New Jersey (16), Virginia (1) and Nevada (1) and provides comprehensive financial services including
commercial banking, retail banking, cash management and trust and wealth management. Other subsidiaries or divisions include Arrow Land
Transfer, Cash Connect®, Cypress Capital Management, LLC, Christiana Trust Company of Delaware®, NewLane Finance®, Powdermill®
Financial Solutions, West Capital Management®, WSFS Institutional Services®, WSFS Mortgage®, and WSFS Wealth® Investments.
Serving the Greater Delaware Valley since 1832, WSFS Bank is one of the ten oldest banks in the United States continuously operating under
the same name. For more information, please visit www.wsfsbank.com.
Forward-Looking Statements
This press release contains estimates, predictions, opinions, projections and
other "forward-looking statements" as that phrase is defined in the Private Securities Litigation Reform Act of 1995. Such statements
include, without limitation, references to WSFS' predictions or expectations of future business or financial performance as well
as its goals and objectives for future operations, financial and business trends, business prospects, and management's outlook or expectations
for earnings, revenues, expenses, capital levels, liquidity levels, asset quality or other future financial or business performance, strategies
or expectations. The words "believe", "expect", "anticipate", "will", and similar expressions,
among others, generally identify forward-looking statements. Such forward-looking statements are based on various assumptions (some of
which may be beyond WSFS' control) and are subject to significant risks and uncertainties (which change over time) and other factors,
including WSFS' acquisition of Bryn Mawr and the uncertain effects of the COVID-19 pandemic and actions taken in response thereto
on WSFS' business, results of operations, capital and liquidity, which could cause actual results to differ materially from those
currently anticipated. Such risks and uncertainties are discussed in detail in WSFS' and Bryn Mawr's Form 10-K for the year
ended December 31, 2020, Form 10-Q for the quarter ended March 31, 2021, Form 10-Q for the quarter ended June 30, 2021, Form 10-Q for
the quarter ended September 30, 2021, and other documents filed by WSFS and Bryn Mawr with the Securities and Exchange Commission from
time to time.
WSFS cautions readers not to place undue reliance on any such forward-looking
statements, which speak only as of the date on which they are made, and WSFS disclaims any duty to revise or update any forward-looking
statement, whether written or oral, that may be made from time to time by or on behalf of WSFS for any reason, except as specifically
required by law. As used in this press release, the terms "WSFS", "the Company", "registrant", "we",
"us", and "our" mean WSFS Financial Corporation and its subsidiaries, on a consolidated basis, and the term "Bryn
Mawr" means Bryn Mawr Bank Corporation and its subsidiaries, on a consolidated basis, unless the context indicates otherwise.
###
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",",
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"Active",
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",",
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"Mawr",
"Hospital",
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"Bankers",
"Association",
".",
"He",
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"on",
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"Boards",
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"AIM",
"Academy",
",",
"Baker",
"Industries",
",",
"The",
"Bryn",
"Mawr",
"Film",
"Institute",
",",
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"Pennsylvania",
"Academy",
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"Fine",
"Arts",
",",
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"Association",
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"Riddle",
"Healthcare",
"Foundation",
".",
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"earned",
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"'",
"s",
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"J",
".",
"D",
".",
"(",
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")",
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"Law",
"School",
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"Widener",
"University",
".",
"Lynn",
"McKee",
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"Vice",
"President",
",",
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"Aramark",
",",
"a",
"global",
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"management",
"company",
"employing",
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".",
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",",
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",",
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"compensation",
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",",
"Equity",
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"Inclusion",
",",
"Sustainability",
",",
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".",
"McKee",
"previously",
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"a",
"member",
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"the",
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"of",
"Directors",
"of",
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"Mawr",
"and",
"Bryn",
"Mawr",
"Trust",
",",
"where",
"she",
"was",
"Chair",
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"the",
"Management",
"Development",
"&",
"Compensation",
"Committee",
",",
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"a",
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"Trustees",
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"Joseph",
"'s",
"University",
"in",
"Philadelphia",
",",
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"was",
"Chair",
"of",
"the",
"Facilities",
"&",
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"Technology",
"Committee",
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"Joseph",
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"University",
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"MBA",
"from",
"Drexel",
"University",
".",
"Diego",
"Calderin",
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"-",
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"cellular",
"transmission",
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"-",
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"Officer",
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",",
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"became",
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"-",
"winning",
"Digital",
"Systems",
"Integration",
"company",
".",
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",",
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"partners",
"sold",
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"a",
"private",
"equity",
"company",
".",
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"Anexinet",
",",
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"consulted",
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"500",
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".",
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",",
"technology",
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"financial",
"services",
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".",
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"previously",
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"a",
"member",
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"the",
"Boards",
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"Directors",
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"Mawr",
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"Mawr",
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",",
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"Steering",
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",",
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"Haverford",
"Trust",
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",",
"a",
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"He",
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"Trustees",
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"La",
"Salle",
"University",
",",
"where",
"he",
"serves",
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"the",
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"About",
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"-",
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"-",
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",",
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"oldest",
"and",
"largest",
"locally",
"managed",
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"September",
"30",
",",
"2021",
",",
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"had",
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"15.4 billion",
"in",
"assets",
"on",
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"balance",
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"$",
"27.6 billion",
"in",
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"under",
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"operates",
"from",
"112",
"offices",
",",
"89",
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"are",
"banking",
"offices",
",",
"located",
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"(",
"52",
")",
",",
"Delaware",
"(",
"42",
")",
",",
"New",
"Jersey",
"(",
"16",
")",
",",
"Virginia",
"(",
"1",
")",
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"(",
"1",
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"provides",
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"services",
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"commercial",
"banking",
",",
"retail",
"banking",
",",
"cash",
"management",
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"and",
"wealth",
"management",
".",
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"subsidiaries",
"or",
"divisions",
"include",
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"Land",
"Transfer",
",",
"Cash",
"Connect",
"®",
",",
"Cypress",
"Capital",
"Management",
",",
"LLC",
",",
"Christiana",
"Trust",
"Company",
"of",
"Delaware",
"®",
",",
"NewLane",
"Finance",
"®",
",",
"Powdermill",
"®",
"Financial",
"Solutions",
",",
"West",
"Capital",
"Management",
"®",
",",
"WSFS",
"Institutional",
"Services",
"®",
",",
"WSFS",
"Mortgage",
"®",
",",
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"Wealth",
"®",
"Investments",
".",
"Serving",
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"Delaware",
"Valley",
"since",
"1832",
",",
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"is",
"one",
"of",
"the",
"ten",
"oldest",
"banks",
"in",
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"States",
"continuously",
"operating",
"under",
"the",
"same",
"name",
".",
"For",
"more",
"information",
",",
"please",
"visit",
"www.wsfsbank.com",
".",
"Forward",
"-",
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"predictions",
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"opinions",
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"-",
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"Litigation",
"Reform",
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"revenues",
",",
"expenses",
",",
"capital",
"levels",
",",
"liquidity",
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"The",
"words",
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"believe",
"\"",
",",
"\"",
"expect",
"\"",
",",
"\"",
"anticipate",
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",",
"\"",
"will",
"\"",
",",
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"similar",
"expressions",
",",
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",",
"generally",
"identify",
"forward",
"-",
"looking",
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"-",
"looking",
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"assumptions",
"(",
"some",
"of",
"which",
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"be",
"beyond",
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"'",
"control",
")",
"and",
"are",
"subject",
"to",
"significant",
"risks",
"and",
"uncertainties",
"(",
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"change",
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")",
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"'",
"acquisition",
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"Mawr",
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"-",
"19",
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"taken",
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"'",
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",",
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"those",
"currently",
"anticipated",
".",
"Such",
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"uncertainties",
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"in",
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"'",
"and",
"Bryn",
"Mawr",
"'s",
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"10",
"-",
"K",
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"December",
"31",
",",
"2020",
",",
"Form",
"10",
"-",
"Q",
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"31",
",",
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",",
"Form",
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"-",
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"30",
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",",
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"-",
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"ended",
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"30",
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",",
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"other",
"documents",
"filed",
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"and",
"Bryn",
"Mawr",
"with",
"the",
"Securities",
"and",
"Exchange",
"Commission",
"from",
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"to",
"time",
".",
"WSFS",
"cautions",
"readers",
"not",
"to",
"place",
"undue",
"reliance",
"on",
"any",
"such",
"forward",
"-",
"looking",
"statements",
",",
"which",
"speak",
"only",
"as",
"of",
"the",
"date",
"on",
"which",
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"are",
"made",
",",
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"disclaims",
"any",
"duty",
"to",
"revise",
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"any",
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"-",
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",",
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"oral",
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"may",
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"from",
"time",
"to",
"time",
"by",
"or",
"on",
"behalf",
"of",
"WSFS",
"for",
"any",
"reason",
",",
"except",
"as",
"specifically",
"required",
"by",
"law",
".",
"As",
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"this",
"press",
"release",
",",
"the",
"terms",
"\"",
"WSFS",
"\"",
",",
"\"",
"the",
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"\"",
",",
"\"",
"registrant",
"\"",
",",
"\"",
"we",
"\"",
",",
"\"",
"us",
"\"",
",",
"and",
"\"",
"our",
"\"",
"mean",
"WSFS",
"Financial",
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"and",
"its",
"subsidiaries",
",",
"on",
"a",
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"basis",
",",
"and",
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"term",
"\"",
"Bryn",
"Mawr",
"\"",
"means",
"Bryn",
"Mawr",
"Bank",
"Corporation",
"and",
"its",
"subsidiaries",
",",
"on",
"a",
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",",
"unless",
"the",
"context",
"indicates",
"otherwise",
".",
"#",
"#",
"#"
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"O",
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1008817-000115752308006584-a5751170ex991 | EX-99.1
3
a5751170ex991.htm
EXHIBIT 99.1
Exhibit 99.1
Sapient
Acquires Derivatives Consulting Group Limited
Sapient
's
Trading and Risk Practice Expands in Fast-Growing Derivatives Operations
Market
BOSTON--(BUSINESS WIRE)--Sapient (NASDAQ: SAPE) today announced that it
acquired London-based Derivatives Consulting Group Limited (DCG), a
leading provider of derivatives consulting and outsourcing services to
investment banks, hedge funds, asset managers and commercial banking
clients. DCG is a leader in partnering with the industry to provide
derivative operations metrics and respond to the industry's operational
challenges.
With this acquisition, Sapient will add a globally integrated service in
derivatives processing to the market-leading capabilities of its Trading
and Risk Management (TRM) practice, which has been a key driver in
Sapient's growth. The addition of DCG will dramatically increase
Sapient's ability to address derivatives operations issues and further
strengthen its unique position in the marketplace.
Sapient's expanded TRM services will now include unique operations
benchmarking, deep derivatives and process expertise, operations
support, technology services and proven off-shore capabilities. These
will help clients both manage the growth and complexity of derivatives
transactions and eliminate the inefficiencies they currently experience
in derivative operations.
"Today's volatile markets and increasingly strict regulatory
environments make this an opportune time to add DCG's capabilities to
our TRM practice", said Sapient President and Chief Executive Officer
Alan Herrick. "Regulatory scrutiny has resulted in new demands on
clients to maintain compliance and reduce the risk associated with the
growing complexity and volumes of these transactions. Our TRM practice
is already well established and this move will bolster our
opportunities, both in the current uncertain times and in future growth
markets. TRM and our interactive services represent the fastest growing
parts of our business".
David Easthope, senior analyst at Celent, a Boston-based financial
research and consulting firm, concurs: "Given the growth in this area,
clients are looking to partner with firms that can help them define and
manage their derivative processes from start to finish. This allows them
to reduce costs while strengthening their ability to respond to the
regulatory and compliance demands associated with complex derivatives
trading and processing".
Sapient's acquisition of DCG is supported by a number of key global
trends. The worldwide derivatives market reached $677 trillion notional
in 2007 and continues to grow dramatically, according to Celent. While
derivatives volumes have grown, there has been a lag in operations
infrastructure investments. This has created greater demand for
operations support and technology. At the same time, government agencies
such as the U.S. Federal Reserve and the Financial Services Authority
have increased the regulation and scrutiny of derivatives transactions,
further compounding the existing operational challenges.
DCG will operate within Sapient's TRM practice, which provides high-end
business consulting, program management, technology delivery and process
outsourcing solutions focused on the specialized needs of risk
enterprises. Key clients of the practice include the leading firms in
the investment banking, asset management, hedge fund, insurance, oil &
gas, utilities and agricultural sectors.
"As the premium choice for the world's top global investment banks, we
were eager to realize our full growth potential by combining our
offering with Sapient's strong business consulting, technology and
outsourcing capabilities", said Cameron Munro, co-chief executive
officer, DCG. "This acquisition makes perfect sense for our clients and
our organization. Our vision and culture map very closely to
Sapient's-and together we can provide a powerful and unique set of
solutions for our combined client base. We are thrilled with this
opportunity".
Sapient Reports Second Quarter 2008 Results
Sapient also announced today in a separate news release its financial
results for the second quarter ended June 30, 2008. Service revenues
were up 29% from the second quarter a year ago.
About DCG
Headquartered in London, with offices in key trading centers such as New
York and Singapore, DCG provides operational support for derivatives
processing and advisory services to the world's top investment banks and
asset managers. DCG was incorporated in December 2003, is led by
derivative experts Cameron Munro and Jonathan Davies and was named as
one of the fastest growing companies in the UK by
Real Business
magazine.
About Sapient
Sapient, a global services firm, operates two groups-Sapient Interactive
and Sapient Consulting-that help clients compete, evolve and grow in an
increasingly complex marketplace. Sapient Interactive provides brand and
marketing strategy, award-winning creative work, web design and
development and emerging media expertise. Sapient Consulting provides
business and IT strategy, process and systems design, package
implementation and custom development, as well as outsourcing services
such as testing, maintenance and support.
Sapient's passion for client success-evidenced by its ability to foster
collaboration, drive innovation and solve challenging problems-is the
subject of case studies on leadership and organizational behavior used
by MBA students at both Harvard and Yale. Leading clients, including BP,
Essent Energie, Hilton International, Janus, Sony Electronics and
Verizon, rely on the company's unique approach to drive growth and
market momentum. Headquartered in Boston, Sapient operates across North
America, Europe and India. For more information, please visit
www.sapient.com
.
Sapient is a registered service mark of Sapient Corporation.
CONTACT:
Investor Relations Contact:
Sapient
Dean
Ridlon, +1-617-963-1598
dridlon@sapient.com
or
Media
Contact:
Sapient
Gail Scibelli, +1-305-581-0095
gscibelli@sapient.com
or
Media
Contact:
fama PR
Jeff Drew, +1-617-758-4145
sapient@famapr.com
| [
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".",
"htm",
"EXHIBIT",
"99",
".",
"1",
"Exhibit",
"99",
".",
"1",
"Sapient",
"Acquires",
"Derivatives",
"Consulting",
"Group",
"Limited",
"Sapient",
"'s",
"Trading",
"and",
"Risk",
"Practice",
"Expands",
"in",
"Fast",
"-",
"Growing",
"Derivatives",
"Operations",
"Market",
"BOSTON",
"--",
"(",
"BUSINESS",
"WIRE",
")",
"--",
"Sapient",
"(",
"NASDAQ",
":",
"SAPE",
")",
"today",
"announced",
"that",
"it",
"acquired",
"London",
"-",
"based",
"Derivatives",
"Consulting",
"Group",
"Limited",
"(",
"DCG",
")",
",",
"a",
"leading",
"provider",
"of",
"derivatives",
"consulting",
"and",
"outsourcing",
"services",
"to",
"investment",
"banks",
",",
"hedge",
"funds",
",",
"asset",
"managers",
"and",
"commercial",
"banking",
"clients",
".",
"DCG",
"is",
"a",
"leader",
"in",
"partnering",
"with",
"the",
"industry",
"to",
"provide",
"derivative",
"operations",
"metrics",
"and",
"respond",
"to",
"the",
"industry",
"'",
"s",
"operational",
"challenges",
".",
"With",
"this",
"acquisition",
",",
"Sapient",
"will",
"add",
"a",
"globally",
"integrated",
"service",
"in",
"derivatives",
"processing",
"to",
"the",
"market",
"-",
"leading",
"capabilities",
"of",
"its",
"Trading",
"and",
"Risk",
"Management",
"(",
"TRM",
")",
"practice",
",",
"which",
"has",
"been",
"a",
"key",
"driver",
"in",
"Sapient",
"'",
"s",
"growth",
".",
"The",
"addition",
"of",
"DCG",
"will",
"dramatically",
"increase",
"Sapient",
"'",
"s",
"ability",
"to",
"address",
"derivatives",
"operations",
"issues",
"and",
"further",
"strengthen",
"its",
"unique",
"position",
"in",
"the",
"marketplace",
".",
"Sapient",
"'s",
"expanded",
"TRM",
"services",
"will",
"now",
"include",
"unique",
"operations",
"benchmarking",
",",
"deep",
"derivatives",
"and",
"process",
"expertise",
",",
"operations",
"support",
",",
"technology",
"services",
"and",
"proven",
"off",
"-",
"shore",
"capabilities",
".",
"These",
"will",
"help",
"clients",
"both",
"manage",
"the",
"growth",
"and",
"complexity",
"of",
"derivatives",
"transactions",
"and",
"eliminate",
"the",
"inefficiencies",
"they",
"currently",
"experience",
"in",
"derivative",
"operations",
".",
"\"",
"Today",
"'",
"s",
"volatile",
"markets",
"and",
"increasingly",
"strict",
"regulatory",
"environments",
"make",
"this",
"an",
"opportune",
"time",
"to",
"add",
"DCG",
"'s",
"capabilities",
"to",
"our",
"TRM",
"practice",
"\"",
",",
"said",
"Sapient",
"President",
"and",
"Chief",
"Executive",
"Officer",
"Alan",
"Herrick",
".",
"\"",
"Regulatory",
"scrutiny",
"has",
"resulted",
"in",
"new",
"demands",
"on",
"clients",
"to",
"maintain",
"compliance",
"and",
"reduce",
"the",
"risk",
"associated",
"with",
"the",
"growing",
"complexity",
"and",
"volumes",
"of",
"these",
"transactions",
".",
"Our",
"TRM",
"practice",
"is",
"already",
"well",
"established",
"and",
"this",
"move",
"will",
"bolster",
"our",
"opportunities",
",",
"both",
"in",
"the",
"current",
"uncertain",
"times",
"and",
"in",
"future",
"growth",
"markets",
".",
"TRM",
"and",
"our",
"interactive",
"services",
"represent",
"the",
"fastest",
"growing",
"parts",
"of",
"our",
"business",
"\"",
".",
"David",
"Easthope",
",",
"senior",
"analyst",
"at",
"Celent",
",",
"a",
"Boston",
"-",
"based",
"financial",
"research",
"and",
"consulting",
"firm",
",",
"concurs",
":",
"\"",
"Given",
"the",
"growth",
"in",
"this",
"area",
",",
"clients",
"are",
"looking",
"to",
"partner",
"with",
"firms",
"that",
"can",
"help",
"them",
"define",
"and",
"manage",
"their",
"derivative",
"processes",
"from",
"start",
"to",
"finish",
".",
"This",
"allows",
"them",
"to",
"reduce",
"costs",
"while",
"strengthening",
"their",
"ability",
"to",
"respond",
"to",
"the",
"regulatory",
"and",
"compliance",
"demands",
"associated",
"with",
"complex",
"derivatives",
"trading",
"and",
"processing",
"\"",
".",
"Sapient",
"'",
"s",
"acquisition",
"of",
"DCG",
"is",
"supported",
"by",
"a",
"number",
"of",
"key",
"global",
"trends",
".",
"The",
"worldwide",
"derivatives",
"market",
"reached",
"$",
"677 trillion",
"notional",
"in",
"2007",
"and",
"continues",
"to",
"grow",
"dramatically",
",",
"according",
"to",
"Celent",
".",
"While",
"derivatives",
"volumes",
"have",
"grown",
",",
"there",
"has",
"been",
"a",
"lag",
"in",
"operations",
"infrastructure",
"investments",
".",
"This",
"has",
"created",
"greater",
"demand",
"for",
"operations",
"support",
"and",
"technology",
".",
"At",
"the",
"same",
"time",
",",
"government",
"agencies",
"such",
"as",
"the",
"U",
".",
"S",
".",
"Federal",
"Reserve",
"and",
"the",
"Financial",
"Services",
"Authority",
"have",
"increased",
"the",
"regulation",
"and",
"scrutiny",
"of",
"derivatives",
"transactions",
",",
"further",
"compounding",
"the",
"existing",
"operational",
"challenges",
".",
"DCG",
"will",
"operate",
"within",
"Sapient",
"'s",
"TRM",
"practice",
",",
"which",
"provides",
"high",
"-",
"end",
"business",
"consulting",
",",
"program",
"management",
",",
"technology",
"delivery",
"and",
"process",
"outsourcing",
"solutions",
"focused",
"on",
"the",
"specialized",
"needs",
"of",
"risk",
"enterprises",
".",
"Key",
"clients",
"of",
"the",
"practice",
"include",
"the",
"leading",
"firms",
"in",
"the",
"investment",
"banking",
",",
"asset",
"management",
",",
"hedge",
"fund",
",",
"insurance",
",",
"oil",
"&",
"gas",
",",
"utilities",
"and",
"agricultural",
"sectors",
".",
"\"",
"As",
"the",
"premium",
"choice",
"for",
"the",
"world",
"'s",
"top",
"global",
"investment",
"banks",
",",
"we",
"were",
"eager",
"to",
"realize",
"our",
"full",
"growth",
"potential",
"by",
"combining",
"our",
"offering",
"with",
"Sapient",
"'s",
"strong",
"business",
"consulting",
",",
"technology",
"and",
"outsourcing",
"capabilities",
"\"",
",",
"said",
"Cameron",
"Munro",
",",
"co",
"-",
"chief",
"executive",
"officer",
",",
"DCG",
".",
"\"",
"This",
"acquisition",
"makes",
"perfect",
"sense",
"for",
"our",
"clients",
"and",
"our",
"organization",
".",
"Our",
"vision",
"and",
"culture",
"map",
"very",
"closely",
"to",
"Sapient",
"'s",
"-",
"and",
"together",
"we",
"can",
"provide",
"a",
"powerful",
"and",
"unique",
"set",
"of",
"solutions",
"for",
"our",
"combined",
"client",
"base",
".",
"We",
"are",
"thrilled",
"with",
"this",
"opportunity",
"\"",
".",
"Sapient",
"Reports",
"Second",
"Quarter",
"2008",
"Results",
"Sapient",
"also",
"announced",
"today",
"in",
"a",
"separate",
"news",
"release",
"its",
"financial",
"results",
"for",
"the",
"second",
"quarter",
"ended",
"June",
"30",
",",
"2008",
".",
"Service",
"revenues",
"were",
"up",
"29",
"%",
"from",
"the",
"second",
"quarter",
"a",
"year",
"ago",
".",
"About",
"DCG",
"Headquartered",
"in",
"London",
",",
"with",
"offices",
"in",
"key",
"trading",
"centers",
"such",
"as",
"New",
"York",
"and",
"Singapore",
",",
"DCG",
"provides",
"operational",
"support",
"for",
"derivatives",
"processing",
"and",
"advisory",
"services",
"to",
"the",
"world",
"'s",
"top",
"investment",
"banks",
"and",
"asset",
"managers",
".",
"DCG",
"was",
"incorporated",
"in",
"December",
"2003",
",",
"is",
"led",
"by",
"derivative",
"experts",
"Cameron",
"Munro",
"and",
"Jonathan",
"Davies",
"and",
"was",
"named",
"as",
"one",
"of",
"the",
"fastest",
"growing",
"companies",
"in",
"the",
"UK",
"by",
"Real",
"Business",
"magazine",
".",
"About",
"Sapient",
"Sapient",
",",
"a",
"global",
"services",
"firm",
",",
"operates",
"two",
"groups",
"-",
"Sapient",
"Interactive",
"and",
"Sapient",
"Consulting",
"-",
"that",
"help",
"clients",
"compete",
",",
"evolve",
"and",
"grow",
"in",
"an",
"increasingly",
"complex",
"marketplace",
".",
"Sapient",
"Interactive",
"provides",
"brand",
"and",
"marketing",
"strategy",
",",
"award",
"-",
"winning",
"creative",
"work",
",",
"web",
"design",
"and",
"development",
"and",
"emerging",
"media",
"expertise",
".",
"Sapient",
"Consulting",
"provides",
"business",
"and",
"IT",
"strategy",
",",
"process",
"and",
"systems",
"design",
",",
"package",
"implementation",
"and",
"custom",
"development",
",",
"as",
"well",
"as",
"outsourcing",
"services",
"such",
"as",
"testing",
",",
"maintenance",
"and",
"support",
".",
"Sapient",
"'",
"s",
"passion",
"for",
"client",
"success",
"-",
"evidenced",
"by",
"its",
"ability",
"to",
"foster",
"collaboration",
",",
"drive",
"innovation",
"and",
"solve",
"challenging",
"problems",
"-",
"is",
"the",
"subject",
"of",
"case",
"studies",
"on",
"leadership",
"and",
"organizational",
"behavior",
"used",
"by",
"MBA",
"students",
"at",
"both",
"Harvard",
"and",
"Yale",
".",
"Leading",
"clients",
",",
"including",
"BP",
",",
"Essent",
"Energie",
",",
"Hilton",
"International",
",",
"Janus",
",",
"Sony",
"Electronics",
"and",
"Verizon",
",",
"rely",
"on",
"the",
"company",
"'s",
"unique",
"approach",
"to",
"drive",
"growth",
"and",
"market",
"momentum",
".",
"Headquartered",
"in",
"Boston",
",",
"Sapient",
"operates",
"across",
"North",
"America",
",",
"Europe",
"and",
"India",
".",
"For",
"more",
"information",
",",
"please",
"visit",
"www.sapient.com",
".",
"Sapient",
"is",
"a",
"registered",
"service",
"mark",
"of",
"Sapient",
"Corporation",
".",
"CONTACT",
":",
"Investor",
"Relations",
"Contact",
":",
"Sapient",
"Dean",
"Ridlon",
",",
"+",
"1",
"-",
"617",
"-",
"963",
"-",
"1598",
"dridlon@sapient.com",
"or",
"Media",
"Contact",
":",
"Sapient",
"Gail",
"Scibelli",
",",
"+",
"1",
"-",
"305",
"-",
"581",
"-",
"0095",
"gscibelli@sapient.com",
"or",
"Media",
"Contact",
":",
"fama",
"PR",
"Jeff",
"Drew",
",",
"+",
"1",
"-",
"617",
"-",
"758",
"-",
"4145",
"sapient@famapr.com"
] | [
"O",
"O",
"O",
"O",
"O",
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"O",
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"B-Parties.BUYING_COMPANY",
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"B-Parties.ACQUIRED_COMPANY",
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"B-Parties.BUYING_COMPANY",
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"O",
"O",
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"O",
"O",
"O",
"O",
"O",
"O",
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"O",
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"O",
"O",
"O",
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"O",
"O",
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"O",
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"O",
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"O",
"O",
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"O",
"O",
"O",
"O",
"O",
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"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"O",
"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"O",
"O",
"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"B-Parties.BUYING_COMPANY",
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"O",
"O",
"O",
"O",
"O",
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"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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818479-000114420416084788-v432811_ex99-1 | EX-99.1
5
v432811_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
Dentsply Sirona Completes
$14.5 Billion Merger of Equals
Combination Creates the World's Largest
Manufacturer of Professional Dental Products
York, Pennsylvania,
February 29, 2016
- DENTSPLY SIRONA Inc. ("Dentsply Sirona") (NASDAQ: XRAY), The Dental Solutions Company
TM
,
today announced that it has successfully completed the previously announced merger of DENTSPLY International Inc. ("DENTSPLY")
and Sirona Dental Systems, Inc. ("Sirona"). The companies are now combined to form Dentsply Sirona, the world's
largest manufacturer of professional dental products and technologies with leading positions and platforms across consumables,
equipment, technology, and specialty products.
Jeffrey T. Slovin, Chief
Executive Officer of Dentsply Sirona commented: "With our merger complete, Dentsply Sirona can now focus its efforts on empowering
dental professionals to provide better, safer and faster dental care. As The Dental Solutions Company, we will drive long-term
growth by being uniquely positioned to deliver innovative solutions and support our customers with the broadest product portfolio
and the largest sales and service infrastructure in the industry. Dentsply Sirona will continue to be at the forefront of the digitization
of dentistry, single visit dentistry and improving clinical outcomes for patients around the world".
Bret W. Wise, Executive
Chairman of Dentsply Sirona added: "This is a transformational day for Dentsply Sirona and the entire dental market. Our
unparalleled offering of some of the most trusted brands in consumables, equipment and technology makes Dentsply Sirona the partner
of choice to dental professionals and labs today. With an unmatched commitment to investing in research, product development and
clinical education, Dentsply Sirona will advance patient care and improve oral health on a global scale for years to come".
Merger Close
DENTSPLY and Sirona completed
their merger on February 29, 2016. Shares of Sirona will be halted from trading prior to the open of the NASDAQ stock market and
will cease trading effective at the close of business today. Under the terms of the merger agreement, Sirona shareholders are entitled
to receive 1.8142 shares of Dentsply Sirona for each existing Sirona share.
About Dentsply Sirona:
Dentsply Sirona is the
world's largest manufacturer of professional dental products and technologies. Our products and solutions include leading
positions and platforms across consumables, equipment, technology, and specialty products. As The Dental Solutions Company, Dentsply
Sirona provides dental professionals a comprehensive end-to-end solutions offering. This offering includes some of the best-known
and established brands in the industry. We employ approximately 15,000 dedicated employees in more than 40 countries worldwide.
With a sales presence in more than 120 countries, patients and practitioners virtually everywhere in the world rely on Dentsply
Sirona. For more information about Dentsply Sirona and its products please visit
www.dentsplysirona.com
.
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, as amended. These statements can be identified by the use of forward-looking terminology, including
"may", "believe", "will", "expect", "anticipate", "estimate", "plan,"
"intend", "project", "forecast", or other similar words. Statements contained in this press release
are based on information presently available to the Company and assumptions that the Company believe to be reasonable. The Company
is not assuming any duty to update this information if those facts change or if the assumptions are no longer believed to be reasonable.
Investors are cautioned that all such statements involve risks and uncertainties, and important factors could cause actual events
or results to differ materially from those indicated by such forward-looking statements. These risk factors include, without limitation;
risks that the new businesses will not be integrated successfully; risks that the combined companies will not realize the estimated
cost savings, synergies and growth, or that such benefits may take longer to realize than expected; risks relating to unanticipated
costs of integration, including operating costs, customer loss or business disruption being greater than expected; unanticipated
changes relating to competitive factors in the industries in which the Company operates; the ability to hire and retain key personnel;
reliance on and integration of information technology systems; international, national or local economic, social or political conditions
that could adversely affect the Company or its customers; risks associated with assumptions made in connection with critical accounting
estimates and legal proceedings; the ability to attract new customers and retain existing customers in the manner anticipated;
the continued strength of dental and medical device markets; the timing, success and market reception for our new and existing
products; uncertainty regarding governmental actions with respect to dental and medical products; outcome of litigation and/or
governmental enforcement actions; volatility in the capital markets or changes in our credit ratings; continued support of our
products by influential dental and medical professionals; our ability to successfully integrate acquisitions; risks associated
with foreign currency exchange rates; risks associated with our competitors' introduction of generic or private label products;
our ability to accurately predict dealer and customer inventory levels; our ability to successfully realize the benefits of any
cost reduction or restructuring efforts; our ability to obtain a supply of certain finished goods and raw materials from third
parties; changes in the general economic environment that could affect the business; and the potential of international unrest,
economic downturn or effects of currencies, tax assessments, tax adjustments, anticipated tax rates, raw material costs or availability,
benefit or retirement plan costs, or other regulatory compliance costs. The foregoing list of factors is not exhaustive.
Additional information
regarding these and other risk factors and uncertainties that may affect the Company's business and may cause actual results
to differ materially from these forward-looking statements, please refer to the Company's most recently filed Annual Report on
Form 10-K, subsequent Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other documents filed from time to time with
the SEC. The Company does not give any assurance (1) that it will achieve its expectations, or (2) concerning any result or the
timing thereof, in each case, with respect to any regulatory action, administrative proceedings, government investigations, litigation,
warning letters, consent decree, cost reductions, business strategies, earnings or revenue trends or future financial results.
Contact Information:
Derek Leckow
VP, Investor Relations
Dentsply Sirona Inc.
+1-717-849-7863
derek.leckow@dentsplysirona.com
Joshua Zable
VP, Investor Relations
Dentsply Sirona Inc.
+1-718-482-2184
joshua.zable@dentsplysirona.com
| [
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] |
1112425-000095013308003351-w67326exv99w1 | EX-99.1
12
w67326exv99w1.htm
EX-99.1
exv99w1
EXHIBIT 99.1
NEWS RELEASE
For Immediate Release
OTCBB: NAGA
North American Natural Gas Completes Merger Agreement
with PureRay Corporation and Closes $2M USD Financing.
Vancouver, B.C. July 25, 2008 - North American Natural Gas, Inc. (the "Company" or "NANG") (OTCBB:
NAGA.OB) is pleased to announce the completion of the merger with PureRay Corporation ("PureRay")
as contemplated in the letter of intent dated April 28, 2008 whereby the Company agreed to complete
an Agreement and Plan of Merger and Reorganization (the "Definite Agreement") to acquire 100% of
the outstanding equity securities of PureRay.
In conjunction with the merger, the Company closed the non-brokered private placement for gross
proceeds of $2,000,000 (USD), and officially changed the name of the company to PureRay
Corporation. The Company awaits confirmation from FINRA of its new trading symbol. The Company
has appointed Mr. Jefrey M. Wallace to the position of CEO and nominated Mr. Frank O'Dea to its
Board of Directors, effectively satisfying the terms of the previously announced merger agreement
Mr. Wallace, a well-known private equity executive from Atlanta, Georgia has joined the Company as
Chief Executive Officer and Director, and is inspired by the future. "This merger marks an
important milestone as we bring to market a technology that will truly change lives. Soon, the
developing world will have a lighting solution that is functional, environmentally friendly and
affordable", says Wallace.
Mr. Frank O'Dea, celebrated entrepreneur and humanitarian best-known for co-founding The Second Cup
specialty coffee empire will assume the seat of Chairman of the Board of Directors. Mr. O'Dea
mentored PureRay co-founders Mickael Joasil and Derek Blackburn in building the company from the
seeds of an idea to a manufacturer of environmentally friendly lighting products with global reach.
He will remain actively involved as the Company enters this period of increased profile and
capitalization.
PureRay has developed a patent pending self-contained, solar-powered LED lighting system with a
charging station and rechargeable bulbs designed for use in the off-grid market and the developing
world. The charging station is capable of powering rechargeable light bulbs, cell phones, and
other small electronic devices.
In emerging countries, fuel-based lighting generates 244 million tons of CO2 emissions per annum
and over 300,000 people die per year as a result of accidental fires. Additionally, 2.5 million
people (350,000 children) suffer severe fuel-fire-related burns annually. Nearly 2.0 million
children die annually in developing nations due to fuel-fire-related acute respiratory infection
and pneumonia. PureRay technology was engineered with these statistics in mind and offers a safe,
reliable, affordable and highly portable off-grid alternative lighting system.
"The completion of the merger accelerates our market launch and brings us that much closer to the
promise of safe and effective lighting for millions of people in the developing world. It allows us
to begin creating real value for our shareholders as we simultaneously bring usable, clean energy
to improve the lives of those that need it most, especially children", adds Mr. O'Dea.
About PureRay Corporation
PureRay Corporation was founded by Mickael Joasil and Derek Blackburn with the intent to markedly
improve the quality of light and the quality of life globally by using its proprietary energy
efficient lighting technology. PureRay is a technology company focused on building a platform of
Intellectual Property that makes solar charging and lighting systems practical and cost effective
for the developing world and domestic markets.
On behalf of the Board of Directors,
PureRay Corporation
Jefrey Wallace, CEO'
Disclaimer: This Press Release may contain, in addition to historical information, 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. These forward-looking statements are
identified by their use of terms and phrases such as "believe", "expect", "plan", "anticipate" and
similar expressions identifying forward-looking statements. Investors should not rely on
forward-looking statements because they are subject to a variety of risks, uncertainties and other
factors that could cause actual results to differ materially from North American Natural Gas's
expectations, and North American Natural Gas expressly does not undertake any duty to update
forward-looking statements. These factors include, but are not limited to the following, the
ability to further exploit its intellectual properties and other factors which may cause the actual
results, performance or achievements of the Company to be materially different from any future
results, performance or achievements expressed or implied by such forward-looking statements.
For further information please contact: PureRay Corporation CEO, Jefrey Wallace at 404.869.6242 or
jmw@kairosllc.com
| [
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352998-000114420415066129-v424807_ex99-1 | EX-99.1
6
v424807_ex99-1.htm
FORM 99.1
Exhibit 99.1
News From:
Release Date: November 13, 2015
Contact
:
Jenniffer Collins
Teligent, Inc.
(856) 697-4379
www.teligent.com
Teligent Completes Acquisition of Alveda
Pharmaceuticals' Assets
Accretive Transaction Extends Reach to
Canadian Market
BUENA, N.J., Nov. 13, 2015 /PRNewswire/ -- Teligent, Inc.
(NASDAQ: TLGT; "Teligent" or the "Company"), a New Jersey-based specialty generic pharmaceutical company,
today announced it has completed the acquisition of the assets of Alveda Pharmaceuticals, Inc. for $47 million CAD in cash. Announced
in October 2015, the accretive transaction provides Teligent a platform to expand its specialty generic pharmaceutical portfolio
of products across Canada.
"We look forward to building on the successful
business that the Alveda team has created over the last several years", said Jason Grenfell-Gardner, President and
CEO of Teligent. "We see great opportunities to integrate our R&D capabilities with the commercial and regulatory
strengths of our new colleagues in Canada".
As part of the deal closing, the Company announced the appointment
of Mike Bethell as General Manager, Canada for Teligent. "Mike has been with Alveda from the beginning. He has played
a significant role in driving the company's growth, and we look forward to his leadership and market expertise to further
build our business in Canada".
About Alveda Pharmaceuticals, Inc.
Alveda had net sales of approximately $16.0M CAD for its fiscal
year ended September 30, 2015.
Alveda has a pipeline of 8 injectable products, 4 of which are
under review by Health Canada. In addition, the business currently sells a portfolio of 17 molecules (36 injectable presentations)
in the Canadian market. We believe that Alveda is the market leader in Canada for most of the products in the company's catalogue.
The currently marketed injectable products include:
.
atropine sulphate
.
acetylcysteine
.
dimenhydrinate
.
ergonovine maleate
.
furosemide
.
irinotecan
.
lidocaine
.
lidocaine with epinephrine
.
piperacillin tazobactam
.
methylene blue
.
naloxone
.
succinylcholine chloride
.
sodium chloride
.
sterile water
.
epinephrine
Alveda will begin its transition to operate under the corporate
name Teligent in 2016.
About Teligent, Inc.
Teligent, Inc. (NASDAQ: TLGT) is a specialty generic pharmaceutical
company. Our mission is to be a leading player in the specialty generic prescription drug market. For more information, visit www.Teligent.com
and www.AlvedaPharma.com.
Forward Looking Statements
This press release includes certain "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include,
but are not limited to, plans, objectives, expectations and intentions, and other statements contained in this press release that
are not historical facts and statements identified by words such as " will", "believe", "target,"
"estimated", "continue" or words of similar meaning. These statements are based on our current beliefs or
expectations and are inherently subject to various risks and uncertainties, including those included from time to time in the "Risk
Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections
in our most recent Annual Report on Form 10-K, as updated by Quarterly Reports on Form 10-Q and other reports we file with the
Securities and Exchange Commission. Actual results may differ materially from these expectations. Factors that could cause actual
results to differ materially from these expectations include, but are not limited to: our inability to meet current or future regulatory
requirements in connection with existing or future ANDAs; our inability to achieve profitability; our failure to obtain FDA approvals
as anticipated; our inability to execute and implement our business plan and strategy; the potential lack of market acceptance
of our products; our inability to protect our intellectual property rights; changes in and the impact of global political, economic,
business, competitive, market, regulatory and other factors; and our inability to complete successfully future product acquisitions.
We assume no obligation to update any forward-looking statements or information, which speak as of their respective dates.
| [
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1436425-000114420415055120-v420313_ex99-1 | EX-99.1
2
v420313_ex99-1.htm
EXHIBIT 99.1
Home Bancorp Completes Acquisition Of Louisiana Bancorp, Inc.
LAFAYETTE, La., Sept. 15, 2015 /PRNewswire/ -- Home Bancorp, Inc. (NASDAQ: HBCP) ("Home Bancorp"), the holding company of the 107-year-old Home Bank, N.A. (www.home24bank.com) announced the completion of its acquisition of Louisiana Bancorp, Inc. (NASDAQ: LABC) ("Louisiana Bancorp"), the holding company of the 106-year-old Bank of New Orleans ("BNO"). The combined company has total assets of approximately $1.5 billion, $1.2 billion in loans and $1.2 billion in deposits.
"Since announcing our merger plans in June, we have enjoyed welcoming BNO's customers and employees to the Home Bank family", said John W. Bordelon, President and Chief Executive Officer of Home Bancorp. "The combination of these two historic banks significantly enhances our ability to serve businesses and individuals across the Greater New Orleans region".
"On behalf of our Board of Directors, I'd like to thank our employees for their incredible commitment to building such a wonderful company over the years", said Lawrence J. LeBon, III, Chairman, President and Chief Executive Officer of Louisiana Bancorp. "We are pleased to have joined forces with the dedicated team at Home Bank. The merger is a win-win for our shareholders and customers. I know Home Bank will do a great job building upon and enhancing the customer
relationships we have developed over the years".
Home Bank plans to convert the branch and operating systems of the former BNO locations to those of Home Bank in January 2016. Home Bancorp anticipates this transaction will be accretive to earnings per share in the first full year of combined operations and accretive to tangible book value per share within approximately 3.5 years of closing. Following the merger, Home Bank's capital position remains strong with leverage and total risk-based capital ratios above 8.6% and 12.7%, respectively. No additional capital was needed to complete the transaction.
Shareholders of Louisiana Bancorp will receive $24.25 per share in cash, resulting in an aggregate deal value of $74.5 million.
This news release contains certain forward-looking statements within the meaning of the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements do not relate strictly to historical or current facts. Forward-looking statements reflect management's current views and estimates of future economic circumstances, industry conditions, company performance and financial results. They often include the words "believe", "expect", "anticipate", "intend", "plan", "estimate" or words of similar meaning, or future or conditional verbs such as "will", "would", "should", "could" or "may." Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors - many of which are beyond our control - could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements.
Forward-looking statements regarding the transaction are based upon currently available information.
Actual results could differ materially from those indicated in forward-looking statements. Among other factors, actual results may differ from those described in forward-looking statements due to: the possibility that the anticipated benefits from the transaction are not realized in the time frame anticipated or at all as a result of changes in general economic and market conditions, interest rates, laws and regulations and their enforcement, and the degree of competition in our markets; the ability to promptly and effectively integrate the businesses of the companies; the reaction of the companies' customers to the transaction; diversion of management time on merger-related issues; changes in asset quality and credit risk; the inability to sustain revenue and
earnings; and competitive conditions.
Home Bancorp's Annual Reports on Form 10-K and other reports describe some additional factors which could cause actual conditions, events or results to differ significantly from those described in forward-looking statements.
Forward-looking statements speak only as of the date they are made. Copies of the Home Bancorp's reports are available in the Investor Relations section of its website, www.home24bank.com. We do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made or to reflect the occurrence of unanticipated events.
Logo - http://photos.prnewswire.com/prnh/20130429/MM04092LOGO
CONTACT: John W. Bordelon, President and CEO (337) 237-1960
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"Logo",
"-",
"http://photos.prnewswire.com/prnh/20130429/MM04092LOGO",
"CONTACT",
":",
"John",
"W",
".",
"Bordelon",
",",
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"and",
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"(",
"337",
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"237",
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"1960"
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1048422-000127528706004189-aw6751ex991 | EX-99.1
2
aw6751ex991.txt
EXHIBIT 99.1
Exhibit 99.1
ACCESS WORLDWIDE CLOSES ON THE SALE OF PHARMACEUTICAL MARKETING OPERATION
ARLINGTON, Va., Aug. 7 /PRNewswire-FirstCall/ -- Access Worldwide
Communications, Inc. (OTC Bulletin Board: AWWC), a leading marketing services
organization, today announced that it has closed on the sale of all or
substantially all the assets of its Telemanagement Services, Inc. d/b/a TMS
Professional Markets Group ("Telemanagement Services") division, to TMS
Professional Markets Group, LLC, in a cash transaction valued at $10.5
million. With the sale of Telemanagement Services, the company has relocated
its corporate office to Arlington, Virginia.
"We now operate approximately 700 communications seats in three locations
in the US and 350 seats in Manila, Philippines", commented Shawkat Raslan,
Chairman and Chief Executive Officer of Access Worldwide. "With the sale of
Telemanagement Services we have fully paid our outstanding banking facility
and have the necessary resources to continue to expand our off shore
capability and capacity. We are actively negotiating for additional capacity
in the Philippines".
Access Worldwide is an established marketing company that provides a
variety of sales, communication and medical education services. Our spectrum
of services includes multilingual teleservices, customer service, telecom
services, financial services, medical meetings management, medical publishing,
editorial support, and database management, among others. Headquartered in
Arlington, Virginia, Access Worldwide has about 700 employees in offices
throughout the United States and the Philippines. More information is
available at http://www.accessww.com.
This press release contains forward-looking statements including
statements that involve known or unknown risks, uncertainties and other
factors that may cause the actual results to differ materially from those
expressed or implied by such forward-looking statements. Factors that could
cause actual results to differ materially from those expressed or implied by
such forward-looking statements, include, but are not limited to, the
following: Our ability to continue as a going concern if we are unable to
generate cash flow and income from operations; our ability to secure financing
at a competitive rate; competition from other third-party providers and those
clients and prospects who may decide to do work in-house that we currently do
for them; our ability to successfully operate the facility in the Philippines;
consolidation in the medical, telecommunications and consumer products
industries which reduces the number of clients and prospects that are able to
be served; potential consumer saturation reducing the need for services; our
ability and clients' ability to comply with state, federal and industry
regulations; our reliance on a limited number of major clients and the
reduction in services performed for or the loss of one or more major clients;
our ability to develop or fund the operations of new products or service
offerings; our reliance on technology; our reliance on key personnel and labor
force and our ability to recruit additional personnel. For a more detailed
discussion of these risks and others that could affect results, see our
filings with the Securities and Exchange Commission, including the risk
factors section of Access Worldwide's Annual Report on Form 10-K for the year
ended December 31, 2005 filed with the Securities and Exchange Commission. The
Company assumes no duty to update any forward-looking statements.
SOURCE Access Worldwide Communications, Inc.
-0- 08/07/2006
/CONTACT: Mark Wright, Investor Relations, +1-703-292-5210,
mwright@accessww.com, or Richard Lyew, Executive Vice President & CFO,
+1-703-292-5210, rlyew@accessww.com, both of Access Worldwide Communications,
Inc./
/Web site: http://www.accessww.com/
(AWWC)
| [
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"\"",
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",",
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",",
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",",
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"Worldwide",
".",
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"Access",
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".",
"More",
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"at",
"http://www.accessww.com",
".",
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"ability",
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"of",
"these",
"risks",
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"others",
"that",
"could",
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",",
"see",
"our",
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"Commission",
",",
"including",
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"factors",
"section",
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"-",
"K",
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"December",
"31",
",",
"2005",
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".",
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"duty",
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"update",
"any",
"forward",
"-",
"looking",
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".",
"SOURCE",
"Access",
"Worldwide",
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",",
"Inc",
".",
"-",
"0",
"-",
"08",
"/",
"07",
"/",
"2006",
"/",
"CONTACT",
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"Mark",
"Wright",
",",
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",",
"+",
"1",
"-",
"703",
"-",
"292",
"-",
"5210",
",",
"mwright@accessww.com",
",",
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",",
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"CFO",
",",
"+",
"1",
"-",
"703",
"-",
"292",
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"5210",
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",",
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".",
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"/",
"Web",
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":",
"http://www.accessww.com/",
"(",
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67646-000000367305000200-press_release | EX-99
2
press_release.htm
PRESS RELEASE
NEWS RELEASE
800 Cabin Hill Drive, Greensburg, PA 15601-1689
Media contact:
Investor contact:
Allen Staggers
Max Kuniansky
Manager, Corporate Communications
Executive Director, Investor Relations
Phone: (724) 830-5433
and Corporate Communications
Media Hotline: (888) 233-3583
Phone: (724) 838-6895
E-mail:
astagge@alleghenyenergy.com
E-mail:
mkunian@alleghenyenergy.com
IGS media contact:
Tom M. Taylor
President
400 South Boston, Suite 1000
Tulsa, Okla. 74103
Phone: (918) 592-4422
E-Mail:
tommtaylor@aol.com
FOR IMMEDIATE RELEASE
Allegheny Energy Completes Sale of Natural Gas Operations
GREENSBURG, Pa., September 30, 2005
- Allegheny Energy, Inc. (NYSE: AYE) today announced that it has completed the sale of its West Virginia natural gas operations to Mountaineer Gas Holdings, a partnership composed of IGS Utilities and affiliates of ArcLight Capital Partners. Cash proceeds received by Allegheny at closing were $161 million. The buyer has also assumed $87 million of the company's debt.
"Completing this transaction is another milestone in our effort to focus on our core business and strengthen our financial condition", said Paul J. Evanson, Chairman, President and Chief Executive Officer of Allegheny Energy. "We will make the transition as smooth as possible to ensure that customers receive top quality service throughout the process".
Allegheny's natural gas operations include Mountaineer Gas Company, Mountaineer Gas Services and West Virginia Power Gas Services. Effective October 1, all of these utilities will begin to do business as Mountaineer Gas. For natural gas service outages and emergencies, customers should call
1-800-834-2070
,
24 hours a day. For information, business and account calls, they may call the same number between 6 a.m. and 8 p.m. weekdays and from 8 a.m. to 4:30 p.m. on weekends.
Allegheny Energy
Headquartered in Greensburg, Pa., Allegheny Energy is an investor-owned utility consisting of two major businesses. Allegheny Energy Supply owns and operates electric generating facilities, and Allegheny Power delivers low-cost, reliable electric service to customers in Pennsylvania, West Virginia, Maryland, Virginia and Ohio. For more information, visit our Web site at
www.alleghenyenergy.com.
Forward-Looking Statements
In addition to historical information, this release contains a number of "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Words such as anticipate, expect, project, intend, plan, believe, and words and terms of similar substance used in connection with any discussion of future plans, actions, or events identify forward-looking statements. These include statements with respect to: regulation and the status of retail generation service supply competition in states served by Allegheny Energy's distribution business, Allegheny Power; financing plans; demand for energy and the cost and availability of raw materials, including coal; provider-of-last-resort and power supply contracts; results of litigation; results of operations; internal controls and procedures; capital expenditures; status and condition of plants and equipment; regulatory matters;
and accounting issues. Forward-looking statements involve estimates, expectations and projections and, as a result, are subject to risks and uncertainties. There can be no assurance that actual results will not materially differ from expectations. Actual results have varied materially and unpredictably from past expectations. Factors that could cause actual results to differ materially include, among others, the following: changes in the price of power and fuel for electric generation; general economic and business conditions; changes in access to capital markets; complications or other factors that render it difficult or impossible to obtain necessary lender consents or regulatory authorizations on a timely basis; environmental regulations; the results of regulatory proceedings, including proceedings related to rates; changes in industry capacity, development and other activities by Allegheny Energy's competitors; changes in the weather and other natural phenomena; changes in
the underlying inputs and assumptions, including market conditions used to estimate the fair values of commodity contracts; changes in laws and regulations applicable to Allegheny Energy, its markets or its activities; the loss of any significant customers or suppliers; dependence on other electric transmission and gas transportation systems and their constraints or availability; changes in PJM, including changes to participant rules and tariffs; the effect of accounting policies issued periodically by accounting standard-setting bodies; and the continuing effects of global instability, terrorism and war. Additional risks and uncertainties are identified and discussed in Allegheny Energy's reports filed with the Securities and Exchange Commission.
-###-
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"FOR",
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"-",
"#",
"#",
"#",
"-"
] | [
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"O",
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"O",
"O",
"O",
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"O",
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"O",
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"O",
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"O",
"O",
"O",
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"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"B-Parties.SELLING_COMPANY",
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"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
"B-Parties.SELLING_COMPANY",
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"O",
"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"B-Parties.BUYING_COMPANY",
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"O",
"O",
"O",
"B-Parties.BUYING_COMPANY",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"O",
"O",
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"O",
"O",
"O",
"O",
"O",
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"O",
"O",
"O",
"O",
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"O",
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"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"O",
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"O",
"O",
"O",
"O",
"O",
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"O",
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"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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1327012-000114420408037876-v118560_ex99-1 | EX-99.1
16
v118560_ex99-1.htm
Exhibit
99.1
Equity
Media Receives up to $37.5 million in Asset Sales Transaction with Group led
by
Largest Shareholder Henry Luken III
Assets
Include Retro Television Network (RTN) Subsidiary and Certain
Stations
Equity
Media Has Option to Repurchase RTN
Equity
Media Enters into Amendment to its Credit Facility with
Lenders
June
25,
2008 - Little Rock, Ark. - Equity Media Holdings Corporation (NASDAQ:EMDA) today
announced it has closed an asset sales transaction with Luken Communications,
LLC, a group led by Equity Media's largest shareholder Henry Luken III (the
"Investors"). The Investors purchased Equity Media's Retro Television Network
(RTN) subsidiary for $18.50 million. Equity Media has the option to repurchase
RTN at any time during the next six months. Concurrently with the closing of
the
RTN sale, the Investors purchased for $1.50 million warrants to purchase up
to
8,050,000 shares of Equity Media for $1.10 per share. Equity Media also has
entered into asset purchase agreements with the Investors for the sale by Equity
Media of certain television stations. Equity Media has received a $5 million
prepayment on the stations sale from the Investors. The stations sale will
be
consummated, and Equity Media will receive the remaining payment of $12.5
million, upon receipt of FCC and certain other approvals. Following consummation
of the station sales, Equity Media will continue to own and operate 100 stations
in 35 markets representing 24.8% of U.S. television households based on Equity
Media's current stations roster.
The
transactions with the Investors were approved by a special committee of the
board of directors of Equity Media, which received an opinion from an
independent investment bank that the consideration being received in the
transactions was fair, from a financial point of view, for Equity Media's
unaffiliated stockholders.
Equity
Media will use a portion of the current proceeds from the transactions to retire
a portion of its credit facilities in a principal amount of $17.5 million.
The
remaining current and future proceeds from the transactions will be used for
working capital, further debt reduction and to fund operations as Equity Media
continues to explore ways to maximize shareholder value, including pursuing
strategic partnerships, potential further sales of assets, cost cutting
initiatives and additional financings. Equity Media has entered into an amended
engagement agreement with Thomas Weisel Partners with respect to these
efforts.
Equity
Media has also executed an amendment to its existing senior secured credit
facility.
The
transaction overview with the Investors is as follows:
Sale
of Retro Television Network
Equity
Media today received $18.5 million in cash for all of the outstanding shares
of
Retro Programming Services, Inc. ("RTN"). RTN is a growing network with 73
affiliates that currently covers 38% of U.S. television households. Equity
Media
has the option ("RTN Option") to repurchase RTN for $27.75 million plus an
amount equal to the capital and net operating expenditures invested by the
Investors prior to the repurchase (together with a return on such expenditures
at the rate of 12% per annum), which is exercisable at any time through December
24, 2008. The Investors received a license to utilize Equity Media's Central
Automated Satellite Hub ("CASH") delivery technology in operating RTN. Equity
Media will maintain the RTN operations center in Little Rock, Arkansas and
create communications links between any new operations center created by Luken
Communications, LLC. These operations centers will serve as backup to each
other
with the data required to operate each of the centers redundant.
As
part
of its engagement by Equity Media, Thomas Weisel Partners will explore strategic
alternatives, including potentially working with strategic partners, for the
repurchase of Retro Television Network during the option period and also will
assist in identifying additional sources to help finance additional digital
networks, similar to the RTN model, that Equity Media may develop using the
CASH
technology system. Management of Equity Media believes that the transaction
with
the Investors will allow for RTN to continue expanding affiliate relationships
and its national reach during the option period. Equity Media will work with
the
Investors to assist in the continued growth of RTN as Equity Media makes efforts
to realize on its current objective of repurchasing RTN.
Sale
of Certain Television Stations
Equity
Media has entered into an agreement with the Investors to sell certain
television stations currently affiliated with Univision/Telefutura located
in
six markets including Amarillo (Texas), Waco (Texas), Fort Myers/Naples
(Florida), Minneapolis (Minnesota), Oklahoma City (Oklahoma) and Tulsa
(Oklahoma). Equity Media today received $5.0 million as an initial payment
from
the Investors, which is nonrefundable except in certain circumstances. Equity
Media will receive an additional $12.5 million upon consummation of the stations
sale, which is subject to Univision's right of first refusal held on these
stations and customary Federal Communication Commission approval. Equity Media
has the right to terminate the agreement prior to consummation of the sale,
subject to certain provisions.
Warrant
Purchase
Equity
Media sold warrants to the Investors to purchase 8,050,000 shares of Equity
Media's common stock at an exercise price of $1.10 per share, exercisable
through September 7, 2009 (the "Luken Warrants"). The purchase price for the
warrants was $1.5 million. In the event the Luken Warrants are exercised, the
Investors' ownership stake would increase from approximately 20% ownership to
approximately 30% ownership. In connection with the amended engagement agreement
between Thomas Weisel Partners and Equity Media, Thomas Weisel Partners received
warrants to purchase up to 1,075,279 shares on the same terms as the Luken
Warrants, as well as a cash fee, in consideration of its assistance with the
transactions with the Investors.
2
Amendment
to Senior Secured Credit Facility
Equity
Media has also entered into an amendment to its senior secured credit facility.
Equity Media will use a portion of the current proceeds from the transactions
with the Investors to pay down a portion of such credit facility. Following
this
pay down, approximately $38.5 million will be outstanding under the credit
facility.
Equity
Media previously announced a management realignment and will focus on leveraging
its core assets as a digital delivery platform, disposing of non-core station
assets, realizing increased revenue and cost reduction opportunities across
Equity Media's media platform, and offering new opportunities for content
delivery for digital networks and station owners.
"On
behalf of the Board of Directors and management we are excited to have closed
on
the transactions. The proceeds of these transactions enable us to continue
to
offer the depth of our technology platform, television stations and new business
opportunities for our partners and shareholders", said John E. Oxendine, Chief
Executive Officer of Equity Media Holdings Corporation. "Equity Media has an
exciting technology platform that complements management's mission to offer
compelling media services to content owners, advertisers, and
affiliates".
About
Equity Media Holdings Corporation
Equity
Media Holdings Corporation (Nasdaq:EMDA) is a broadcaster with multiple sources
of revenue and value in its operations that include its Broadcast Services
Division, Broadcast Station Group and Spectrum Holdings Division. Equity Media's
proprietary Centralized Automated Satellite Hub (C.A.S.H.) system provides
centralized content distribution services which Equity Media believes are unique
within the media industry. Equity Media is the second largest affiliate group
of
the top ranked Univision and TeleFutura networks, two networks driven by the
growth of the Hispanic population in the U.S. For more information, please
visit
www.EMDAholdings.com.
CONTACT:
Equity
Media Holdings Corporation
Investor
Relations
501-219-2400
Luken
Communications, LLC
Henry
Luken
800-754-1200
3
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",",
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"E",
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"Equity",
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",",
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",",
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"\"",
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"Media",
"Holdings",
"Corporation",
"Equity",
"Media",
"Holdings",
"Corporation",
"(",
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":",
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".",
"S",
".",
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"information",
",",
"please",
"visit",
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".",
"CONTACT",
":",
"Equity",
"Media",
"Holdings",
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765207-000076520705000002-ex991 | EX-99
8
ex991.txt
Exhibit 99.1
First National Lincoln Corporation completes
FNB Bankshares Merger
DAMARISCOTTA, MAINE, January 14 -- First National Lincoln Corporation (NASDAQ
NM: FNLC) today announced that the merger with FNB Bankshares of Bar Harbor,
Maine (OTC BB: FBSH), has been completed. Under the terms of the Merger
Agreement, FBSH shareholders will receive 2.35 shares of FNLC for each FBSH
share owned. Instructions for the exchange of FBSH shares for FNLC shares will
be mailed FBSH shareholders.
The Company becomes the fourth largest bank headquartered in Maine, with 14
banking offices and four investment management offices serving coastal Maine
communities from Brunswick to Calais. At closing the Company had combined
assets of more than $860 million, with combined loans of more than $660 million
and combined deposits of nearly $560 million. In addition, the Company has more
than $290 million of investments under management.
First National Lincoln Corporation, headquartered in Damariscotta, Maine, is
the holding company for The First National Bank of Damariscotta. Founded in
1864, The First is an independent community bank serving Mid-Coast Maine with
seven offices in Lincoln and Knox Counties that provide consumer and commercial
banking products and services. Pemaquid Advisors, a division of The First,
provides investment advisory, private banking and trust services from three
offices in Lincoln and Cumberland Counties.
FNB Bankshares, headquartered in Bar Harbor, Maine, was the holding company for
The First National Bank of Bar Harbor. Founded in 1888, the Bank is committed
to servicing the needs of customers with seven offices in Hancock and
Washington Counties and also offers an array of services through the Internet.
The First National Bank of Bar Harbor is a Certified SBA Lender and provides a
complete range of deposit, loan and personal trust services.
Forward-looking and cautionary statements: except for the historical
information and discussions contained herein, statements contained in this
release may constitute "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements involve a
number of risks, uncertainties and other factors that could cause actual
results and events to differ materially, as discussed in the company's filings
with the Securities and Exchange Commission.
First National Lincoln Corporation has filed relevant documents concerning the
transaction with the Securities and Exchange Commission (SEC), including a
registration statement on Form S-4 containing a prospectus/proxy statement. WE
URGE INVESTORS TO READ THESE DOCUMENTS BECAUSE THEY CONTAIN IMPORTANT
INFORMATION ABOUT THE MERGER. Investors may obtain copies of these documents
free of charge at the SEC's website, www.sec.gov, or by contacting First
National Lincoln Corporation.
For more information, please contact F. Stephen Ward, First National Lincoln
Corporation's Treasurer & Chief Financial Officer, at 207.563.3195 ext. 5001.
6
2
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879585-000110465921094942-tm2122780d1_ex99-1 | EX-99.1
4
tm2122780d1_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
News
Release
For
Immediate Release
Contact
:
July 22,
2021
Michael T. Prior
Chairman
and
Chief
Executive Officer
Justin
D. Benincasa
Chief
Financial Officer
978-619-1300
ATN International, Inc. Completes Acquisition
of Alaska Communications
Beverly, MA
-- ATN International, Inc. (NASDAQ: ATNI) ("ATN") announced today that it, along with its financial partner Freedom 3
Capital, LLC ("Freedom 3"), has completed its previously announced acquisition of Alaska Communications Systems Group, Inc.
("Alaska Communications") in an all-cash transaction valued at approximately $343 million, including outstanding net debt.
Under the terms of the merger agreement, each outstanding share of Alaska Communications' common stock was converted into the right
to receive $3.40 in cash. ATN will consolidate the results of Alaska Communications' operations in its "US Telecom" segment.
Michael Prior, Chairman
and Chief Executive Officer of ATN, stated, "We are pleased to report that we have completed this acquisition. The Alaska Communications
team's emphasis on customer satisfaction and their strategic investments in fiber-based enterprise and wholesale services have created
a great foundation for us to build upon. We intend to draw upon our operational resources and expertise as well as the capabilities of
our partners at Freedom 3 to take advantage of the opportunities we have identified together in the Alaska Communications markets".
Bill Bishop, President and Chief Executive Officer
of Alaska Communications, stated, "Our work with the ATN team already has demonstrated a shared strategy to enhance our fiber network
services, deliver superior customer care and drive new services for our customers in Alaska".
Further
information, including results for the second quarter and first half of 2021 for each of ATN and Alaska Communications will be
available when ATN releases its results, after market on Wednesday, July 28, 2021.
Advisors
The Bank Street Group LLC acted as exclusive
financial advisor and Morrison & Foerster LLP acted as legal advisor to ATN and F3C in connection with the transaction.
B. Riley Securities, Inc.
served as financial advisor and Sidley Austin LLP served as legal advisor to Alaska Communications in connection with the transaction.
About ATN
ATN International, Inc. (Nasdaq: ATNI),
headquartered in Beverly, Massachusetts, invests in and operates communications and technology businesses in the United
States and internationally, including the Caribbean region, with a particular focus on markets with a need for significant
infrastructure investments and improvements. Our operating subsidiaries today primarily provide: (i) advanced wireless and wireline
connectivity to residential and business customers, including a range of high speed internet services, mobile wireless solutions, video
services and local exchange services, and (ii) wholesale communications infrastructure services such as terrestrial and submarine
fiber optic transport, communications tower facilities, managed mobile networks, and in-building wireless systems. For more information,
please visit www.atni.com.
About Freedom 3 Capital
Freedom 3 Capital invests in companies at inflection
points. We help middle-market companies address strategic growth opportunities by delivering unique capital solutions. Our investment
process provides F3C the flexibility to tailor investment structures to the industry dynamics, the company's specific
requirements and the management team and owners' long-term business objectives. Beyond the value of our capital, we believe
our private equity approach to credit investing creates valuable, lasting partnerships with stakeholders and management teams. F3C
is currently investing out of Fund 4 with offices in New York and Kansas City.
About Alaska Communications
Alaska Communications
is the leading provider of advanced broadband and managed IT services for businesses and consumers in Alaska. Alaska Communications operates
a highly reliable, advanced statewide data network with the latest technology and the most diverse undersea fiber optic system connecting
Alaska to the contiguous U.S. For more information, visit www.alaskacommunications.com or www.alsk.com.
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, as amended. The reader is cautioned not to rely on these forward-looking statements. These statements
are based on current expectations of future events and these include statements using the words such as will and expected, and similar
statements. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary
materially from our expectations. Risks and uncertainties include, but are not limited to, risks and uncertainties related to (i) our
ability to integrate the acquired business successfully and to achieve anticipated cost savings and other synergies; and (ii) the
possibility that other anticipated benefits of the transaction will not be realized, including without limitation, anticipated revenues,
expenses, earnings and other financial results. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing
factors and the other risks and uncertainties that affect the businesses of ATN described in the "Risk Factors" section of
ATN's Annual Report on Form 10-K for the year ended December 31, 2020, filed with the SEC on March 1, 2021 and other
reports and documents filed from time to time with 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. Copies of these
filings are available online at
ir.atni.com
. 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 ATN 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. ATN does not give any assurance
that it will achieve its expectations.
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"Copies",
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"atni",
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"-",
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916076-000095015714000733-ex99-2 | EX-99.2
3
ex99-2.htm
PRESS RELEASE ANNOUNCING THE COMPLETION OF THE MERGER
ex99-2.htm
Exhibit 99.2
FOR IMMEDIATE RELEASE
Contact: Anne H. Lloyd
Executive Vice President and Chief
Financial Officer
(919) 783-4660
www.martinmarietta.com
Martin Marietta Materials Completes Texas Industries Acquisition
Transaction Creates Market Leading Supplier of Aggregates
and Heavy Building Materials
RALEIGH, NORTH CAROLINA- July 2, 2014 - Martin Marietta Materials, Inc. (NYSE: MLM) today announced that it has completed its acquisition of Texas Industries, Inc. (NYSE: TXI), creating a market leading supplier of aggregates and heavy building materials.
The transaction enhances Martin Marietta's position as an aggregates-led, low cost operator in the perennially largest and fastest growing geographies in the United States. With a leading U.S. aggregates position, the acquisition provides complementary, high quality assets in cement and ready mix concrete, augmented by the company's best-in-class long-haul transportation network. The transaction was overwhelmingly approved by shareholders of both companies at their respective special meetings on June 30, 2014.
Based on the closing price of Martin Marietta stock on July 1, 2014, the combined company has a market capitalization of approximately $8.8 billion.
Ward Nye, Martin Marietta's Chairman, President and Chief Executive Officer said,
"We are excited to move forward as one company that is even better positioned to deliver increased value to shareholders, customers and employees. Uniting our complementary assets and
leveraging our expanded geographic footprint provides Martin Marietta with an expanded platform for growth. In particular, Martin Marietta will benefit from greater exposure to the expanding cement markets in Texas and California - two of the largest and fastest growing markets for construction materials in the United States. I look forward to continuing to work closely with our team and all of our employees, including our new team members from TXI, to ensure a seamless transition as we continue to deliver superior product offerings and service to customers".
Martin Marietta is well-positioned for long-term growth, with a network of more than 400 facilities spanning 36 states,
Canada
, and the
Caribbean Islands
. The company is a leading aggregates producer, and the increased scale and geographic and product diversity resulting from the transaction provides a broader set of opportunities for growth. In addition, select vertical integration is expected to reduce distribution and transportation costs, diversify end-markets and drive other value enhancing efficiencies. The company has an outstanding asset base to deliver superior product offerings and service to customers.
1
Financial Benefits of the Transaction
Martin Marietta continues to expect that the combination will generate approximately $70 million of annual pre-tax synergies by calendar year 2017, which would correspond to more than $500 million of total value creation for shareholders. Integration of the acquired business is underway and proceeding as planned. The company anticipates the transition to its target operating model to be completed by the end of the year. The combination is expected to be both accretive to Martin Marietta's earnings per share in 2014, excluding one-time costs; and cash flow accretive in the first full year following integration.
In addition, Martin Marietta continues to expect to utilize Texas Industries' more than $400 million in existing NOLs over the next few years. The company also believes that there is an opportunity to realize incremental value from the expected divestiture of identified non-operating real estate assets.
Delisting of Texas Industries
As a result of the completion of the merger, the common stock of Texas Industries, Inc. is no longer listed for trading on the New York Stock Exchange.
Advisors
J.P. Morgan, Deutsche Bank and Barclays acted as Martin Marietta's financial advisors and Cravath, Swaine & Moore LLP acted as its legal advisor. Citigroup acted as Texas Industries' financial advisor, and Wachtell, Lipton, Rosen & Katz acted as its legal advisor.
About Martin Marietta Materials Inc.
Martin Marietta, an American company and a member of the S&P 500 index, is a leading supplier of aggregates and heavy building materials, with operations spanning 36 states, Canada and the Caribbean, and dedicated teams transforming more than 100 years of irreplaceable natural resources into the roads, sidewalks and foundations on which we live. Martin Marietta's Magnesia Specialties business provides a full range of magnesium oxide, magnesium hydroxide and dolomitic lime products. For more information, visit www.martinmarietta.com or www.magnesiaspeciliaties.com.
2
Cautionary Statements Regarding Forward-Looking Statements
Certain statements in this communication regarding the acquisition by Martin Marietta, benefits and synergies of the transaction, future opportunities for the combined company and products and any other statements regarding Martin Marietta's future expectations, beliefs, plans, objectives, financial conditions, assumptions or future events or performance that are not historical facts are "forward-looking" statements made within the meaning of Section 21E of the Securities Exchange Act of 1934. These statements are often, but not always, made through the use of words or phrases such as "may", "believe", "anticipate", "could", "should", "intend", "plan", "will", "expect(s)", "estimate(s)", "project(s)", "forecast(s)", "positioned", "strategy", "outlook" and similar expressions. All such forward-looking statements involve estimates and assumptions that are subject to risks, uncertainties and other factors that could cause actual results to differ materially from the results expressed in the statements. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking statements are the following: the possibility that Martin Marietta may be unable to achieve expected synergies and operating efficiencies in connection with the transaction within the expected time-frames or at all and to successfully integrate TXI's operations into those of Martin Marietta; the integration of TXI's operations into those of Martin Marietta being more difficult, time-consuming or costly than expected; operating costs, customer loss and business disruption (including, without limitation, difficulties in maintaining relationships with employees, customers, clients or suppliers) being greater than expected following the transaction; the retention of certain key employees of TXI being difficult; Martin Marietta's ability to adapt its services to changes in technology or the marketplace; Martin Marietta's ability to maintain and grow its relationship with its customers; levels of construction spending in the markets; a decline in the commercial component of the nonresidential construction market and the subsequent impact on construction activity; a slowdown in residential construction recovery; unfavorable weather conditions; a widespread decline in aggregates pricing; changes in the cost of raw materials, fuel and energy and the availability and cost of construction equipment in the United States; the timing and amount of federal, state and local transportation and infrastructure funding; the ability of states and/or other entities to finance approved projects either with tax revenues or alternative financing structures; and changes to and the impact of the laws, rules and regulations (including environmental laws, rules and regulations) that regulate Martin Marietta's operations. Additional information concerning these and other factors can be found in Martin Marietta's and TXI's filings with the Securities and Exchange Commission (the "SEC"), including Martin Marietta's and TXI's most recent Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. These risks, as well as other risks associated with Martin Marietta's acquisition of TXI are also more fully discussed in the joint proxy statement/prospectus included in the Form 424B3 that Martin Marietta filed with
3
the SEC on May 30, 2014 in connection with the acquisition. Martin Marietta assumes no obligation to update or revise publicly the information in this communication, whether as a result of new information, future events or otherwise, except as otherwise required by law. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof.
4
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"value",
"to",
"shareholders",
",",
"customers",
"and",
"employees",
".",
"Uniting",
"our",
"complementary",
"assets",
"and",
"leveraging",
"our",
"expanded",
"geographic",
"footprint",
"provides",
"Martin",
"Marietta",
"with",
"an",
"expanded",
"platform",
"for",
"growth",
".",
"In",
"particular",
",",
"Martin",
"Marietta",
"will",
"benefit",
"from",
"greater",
"exposure",
"to",
"the",
"expanding",
"cement",
"markets",
"in",
"Texas",
"and",
"California",
"-",
"two",
"of",
"the",
"largest",
"and",
"fastest",
"growing",
"markets",
"for",
"construction",
"materials",
"in",
"the",
"United",
"States",
".",
"I",
"look",
"forward",
"to",
"continuing",
"to",
"work",
"closely",
"with",
"our",
"team",
"and",
"all",
"of",
"our",
"employees",
",",
"including",
"our",
"new",
"team",
"members",
"from",
"TXI",
",",
"to",
"ensure",
"a",
"seamless",
"transition",
"as",
"we",
"continue",
"to",
"deliver",
"superior",
"product",
"offerings",
"and",
"service",
"to",
"customers",
"\"",
".",
"Martin",
"Marietta",
"is",
"well",
"-",
"positioned",
"for",
"long",
"-",
"term",
"growth",
",",
"with",
"a",
"network",
"of",
"more",
"than",
"400",
"facilities",
"spanning",
"36",
"states",
",",
"Canada",
",",
"and",
"the",
"Caribbean",
"Islands",
".",
"The",
"company",
"is",
"a",
"leading",
"aggregates",
"producer",
",",
"and",
"the",
"increased",
"scale",
"and",
"geographic",
"and",
"product",
"diversity",
"resulting",
"from",
"the",
"transaction",
"provides",
"a",
"broader",
"set",
"of",
"opportunities",
"for",
"growth",
".",
"In",
"addition",
",",
"select",
"vertical",
"integration",
"is",
"expected",
"to",
"reduce",
"distribution",
"and",
"transportation",
"costs",
",",
"diversify",
"end",
"-",
"markets",
"and",
"drive",
"other",
"value",
"enhancing",
"efficiencies",
".",
"The",
"company",
"has",
"an",
"outstanding",
"asset",
"base",
"to",
"deliver",
"superior",
"product",
"offerings",
"and",
"service",
"to",
"customers",
".",
"1",
"Financial",
"Benefits",
"of",
"the",
"Transaction",
"Martin",
"Marietta",
"continues",
"to",
"expect",
"that",
"the",
"combination",
"will",
"generate",
"approximately",
"$",
"70 million",
"of",
"annual",
"pre",
"-",
"tax",
"synergies",
"by",
"calendar",
"year",
"2017",
",",
"which",
"would",
"correspond",
"to",
"more",
"than",
"$",
"500 million",
"of",
"total",
"value",
"creation",
"for",
"shareholders",
".",
"Integration",
"of",
"the",
"acquired",
"business",
"is",
"underway",
"and",
"proceeding",
"as",
"planned",
".",
"The",
"company",
"anticipates",
"the",
"transition",
"to",
"its",
"target",
"operating",
"model",
"to",
"be",
"completed",
"by",
"the",
"end",
"of",
"the",
"year",
".",
"The",
"combination",
"is",
"expected",
"to",
"be",
"both",
"accretive",
"to",
"Martin",
"Marietta",
"'s",
"earnings",
"per",
"share",
"in",
"2014",
",",
"excluding",
"one",
"-",
"time",
"costs",
";",
"and",
"cash",
"flow",
"accretive",
"in",
"the",
"first",
"full",
"year",
"following",
"integration",
".",
"In",
"addition",
",",
"Martin",
"Marietta",
"continues",
"to",
"expect",
"to",
"utilize",
"Texas",
"Industries",
"'",
"more",
"than",
"$",
"400 million",
"in",
"existing",
"NOLs",
"over",
"the",
"next",
"few",
"years",
".",
"The",
"company",
"also",
"believes",
"that",
"there",
"is",
"an",
"opportunity",
"to",
"realize",
"incremental",
"value",
"from",
"the",
"expected",
"divestiture",
"of",
"identified",
"non",
"-",
"operating",
"real",
"estate",
"assets",
".",
"Delisting",
"of",
"Texas",
"Industries",
"As",
"a",
"result",
"of",
"the",
"completion",
"of",
"the",
"merger",
",",
"the",
"common",
"stock",
"of",
"Texas",
"Industries",
",",
"Inc",
".",
"is",
"no",
"longer",
"listed",
"for",
"trading",
"on",
"the",
"New",
"York",
"Stock",
"Exchange",
".",
"Advisors",
"J",
".",
"P",
".",
"Morgan",
",",
"Deutsche",
"Bank",
"and",
"Barclays",
"acted",
"as",
"Martin",
"Marietta",
"'s",
"financial",
"advisors",
"and",
"Cravath",
",",
"Swaine",
"&",
"Moore",
"LLP",
"acted",
"as",
"its",
"legal",
"advisor",
".",
"Citigroup",
"acted",
"as",
"Texas",
"Industries",
"'",
"financial",
"advisor",
",",
"and",
"Wachtell",
",",
"Lipton",
",",
"Rosen",
"&",
"Katz",
"acted",
"as",
"its",
"legal",
"advisor",
".",
"About",
"Martin",
"Marietta",
"Materials",
"Inc",
".",
"Martin",
"Marietta",
",",
"an",
"American",
"company",
"and",
"a",
"member",
"of",
"the",
"S",
"&",
"P",
"500",
"index",
",",
"is",
"a",
"leading",
"supplier",
"of",
"aggregates",
"and",
"heavy",
"building",
"materials",
",",
"with",
"operations",
"spanning",
"36",
"states",
",",
"Canada",
"and",
"the",
"Caribbean",
",",
"and",
"dedicated",
"teams",
"transforming",
"more",
"than",
"100",
"years",
"of",
"irreplaceable",
"natural",
"resources",
"into",
"the",
"roads",
",",
"sidewalks",
"and",
"foundations",
"on",
"which",
"we",
"live",
".",
"Martin",
"Marietta",
"'s",
"Magnesia",
"Specialties",
"business",
"provides",
"a",
"full",
"range",
"of",
"magnesium",
"oxide",
",",
"magnesium",
"hydroxide",
"and",
"dolomitic",
"lime",
"products",
".",
"For",
"more",
"information",
",",
"visit",
"www.martinmarietta.com",
"or",
"www.magnesiaspeciliaties.com",
".",
"2",
"Cautionary",
"Statements",
"Regarding",
"Forward",
"-",
"Looking",
"Statements",
"Certain",
"statements",
"in",
"this",
"communication",
"regarding",
"the",
"acquisition",
"by",
"Martin",
"Marietta",
",",
"benefits",
"and",
"synergies",
"of",
"the",
"transaction",
",",
"future",
"opportunities",
"for",
"the",
"combined",
"company",
"and",
"products",
"and",
"any",
"other",
"statements",
"regarding",
"Martin",
"Marietta",
"'s",
"future",
"expectations",
",",
"beliefs",
",",
"plans",
",",
"objectives",
",",
"financial",
"conditions",
",",
"assumptions",
"or",
"future",
"events",
"or",
"performance",
"that",
"are",
"not",
"historical",
"facts",
"are",
"\"",
"forward",
"-",
"looking",
"\"",
"statements",
"made",
"within",
"the",
"meaning",
"of",
"Section",
"21E",
"of",
"the",
"Securities",
"Exchange",
"Act",
"of",
"1934",
".",
"These",
"statements",
"are",
"often",
",",
"but",
"not",
"always",
",",
"made",
"through",
"the",
"use",
"of",
"words",
"or",
"phrases",
"such",
"as",
"\"",
"may",
"\"",
",",
"\"",
"believe",
"\"",
",",
"\"",
"anticipate",
"\"",
",",
"\"",
"could",
"\"",
",",
"\"",
"should",
"\"",
",",
"\"",
"intend",
"\"",
",",
"\"",
"plan",
"\"",
",",
"\"",
"will",
"\"",
",",
"\"",
"expect",
"(",
"s",
")",
"\"",
",",
"\"",
"estimate",
"(",
"s",
")",
"\"",
",",
"\"",
"project",
"(",
"s",
")",
"\"",
",",
"\"",
"forecast",
"(",
"s",
")",
"\"",
",",
"\"",
"positioned",
"\"",
",",
"\"",
"strategy",
"\"",
",",
"\"",
"outlook",
"\"",
"and",
"similar",
"expressions",
".",
"All",
"such",
"forward",
"-",
"looking",
"statements",
"involve",
"estimates",
"and",
"assumptions",
"that",
"are",
"subject",
"to",
"risks",
",",
"uncertainties",
"and",
"other",
"factors",
"that",
"could",
"cause",
"actual",
"results",
"to",
"differ",
"materially",
"from",
"the",
"results",
"expressed",
"in",
"the",
"statements",
".",
"Among",
"the",
"key",
"factors",
"that",
"could",
"cause",
"actual",
"results",
"to",
"differ",
"materially",
"from",
"those",
"projected",
"in",
"the",
"forward",
"-",
"looking",
"statements",
"are",
"the",
"following",
":",
"the",
"possibility",
"that",
"Martin",
"Marietta",
"may",
"be",
"unable",
"to",
"achieve",
"expected",
"synergies",
"and",
"operating",
"efficiencies",
"in",
"connection",
"with",
"the",
"transaction",
"within",
"the",
"expected",
"time",
"-",
"frames",
"or",
"at",
"all",
"and",
"to",
"successfully",
"integrate",
"TXI",
"'s",
"operations",
"into",
"those",
"of",
"Martin",
"Marietta",
";",
"the",
"integration",
"of",
"TXI",
"'s",
"operations",
"into",
"those",
"of",
"Martin",
"Marietta",
"being",
"more",
"difficult",
",",
"time",
"-",
"consuming",
"or",
"costly",
"than",
"expected",
";",
"operating",
"costs",
",",
"customer",
"loss",
"and",
"business",
"disruption",
"(",
"including",
",",
"without",
"limitation",
",",
"difficulties",
"in",
"maintaining",
"relationships",
"with",
"employees",
",",
"customers",
",",
"clients",
"or",
"suppliers",
")",
"being",
"greater",
"than",
"expected",
"following",
"the",
"transaction",
";",
"the",
"retention",
"of",
"certain",
"key",
"employees",
"of",
"TXI",
"being",
"difficult",
";",
"Martin",
"Marietta",
"'s",
"ability",
"to",
"adapt",
"its",
"services",
"to",
"changes",
"in",
"technology",
"or",
"the",
"marketplace",
";",
"Martin",
"Marietta",
"'s",
"ability",
"to",
"maintain",
"and",
"grow",
"its",
"relationship",
"with",
"its",
"customers",
";",
"levels",
"of",
"construction",
"spending",
"in",
"the",
"markets",
";",
"a",
"decline",
"in",
"the",
"commercial",
"component",
"of",
"the",
"nonresidential",
"construction",
"market",
"and",
"the",
"subsequent",
"impact",
"on",
"construction",
"activity",
";",
"a",
"slowdown",
"in",
"residential",
"construction",
"recovery",
";",
"unfavorable",
"weather",
"conditions",
";",
"a",
"widespread",
"decline",
"in",
"aggregates",
"pricing",
";",
"changes",
"in",
"the",
"cost",
"of",
"raw",
"materials",
",",
"fuel",
"and",
"energy",
"and",
"the",
"availability",
"and",
"cost",
"of",
"construction",
"equipment",
"in",
"the",
"United",
"States",
";",
"the",
"timing",
"and",
"amount",
"of",
"federal",
",",
"state",
"and",
"local",
"transportation",
"and",
"infrastructure",
"funding",
";",
"the",
"ability",
"of",
"states",
"and",
"/",
"or",
"other",
"entities",
"to",
"finance",
"approved",
"projects",
"either",
"with",
"tax",
"revenues",
"or",
"alternative",
"financing",
"structures",
";",
"and",
"changes",
"to",
"and",
"the",
"impact",
"of",
"the",
"laws",
",",
"rules",
"and",
"regulations",
"(",
"including",
"environmental",
"laws",
",",
"rules",
"and",
"regulations",
")",
"that",
"regulate",
"Martin",
"Marietta",
"'s",
"operations",
".",
"Additional",
"information",
"concerning",
"these",
"and",
"other",
"factors",
"can",
"be",
"found",
"in",
"Martin",
"Marietta",
"'s",
"and",
"TXI",
"'s",
"filings",
"with",
"the",
"Securities",
"and",
"Exchange",
"Commission",
"(",
"the",
"\"",
"SEC",
"\"",
")",
",",
"including",
"Martin",
"Marietta",
"'s",
"and",
"TXI",
"'s",
"most",
"recent",
"Annual",
"Reports",
"on",
"Form",
"10",
"-",
"K",
",",
"Quarterly",
"Reports",
"on",
"Form",
"10",
"-",
"Q",
"and",
"Current",
"Reports",
"on",
"Form",
"8",
"-",
"K",
".",
"These",
"risks",
",",
"as",
"well",
"as",
"other",
"risks",
"associated",
"with",
"Martin",
"Marietta",
"'s",
"acquisition",
"of",
"TXI",
"are",
"also",
"more",
"fully",
"discussed",
"in",
"the",
"joint",
"proxy",
"statement",
"/",
"prospectus",
"included",
"in",
"the",
"Form",
"424B3",
"that",
"Martin",
"Marietta",
"filed",
"with",
"3",
"the",
"SEC",
"on",
"May",
"30",
",",
"2014",
"in",
"connection",
"with",
"the",
"acquisition",
".",
"Martin",
"Marietta",
"assumes",
"no",
"obligation",
"to",
"update",
"or",
"revise",
"publicly",
"the",
"information",
"in",
"this",
"communication",
",",
"whether",
"as",
"a",
"result",
"of",
"new",
"information",
",",
"future",
"events",
"or",
"otherwise",
",",
"except",
"as",
"otherwise",
"required",
"by",
"law",
".",
"Readers",
"are",
"cautioned",
"not",
"to",
"place",
"undue",
"reliance",
"on",
"these",
"forward",
"-",
"looking",
"statements",
"that",
"speak",
"only",
"as",
"of",
"the",
"date",
"hereof",
".",
"4"
] | [
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"B-Parties.BUYING_COMPANY",
"I-Parties.BUYING_COMPANY",
"I-Parties.BUYING_COMPANY",
"O",
"B-Parties.ACQUIRED_COMPANY",
"I-Parties.ACQUIRED_COMPANY",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"B-Parties.BUYING_COMPANY",
"I-Parties.BUYING_COMPANY",
"I-Parties.BUYING_COMPANY",
"I-Parties.BUYING_COMPANY",
"I-Parties.BUYING_COMPANY",
"I-Parties.BUYING_COMPANY",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"B-Parties.ACQUIRED_COMPANY",
"I-Parties.ACQUIRED_COMPANY",
"I-Parties.ACQUIRED_COMPANY",
"I-Parties.ACQUIRED_COMPANY",
"I-Parties.ACQUIRED_COMPANY",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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354869-000035486913000016-ex991_pressreleasex41213 | EX-99.1
3
ex991_pressreleasex41213.htm
EXHIBIT 99.1 PRESS RELEASE
Ex 99.1_Press Release_4.12.13
Exhibit 99.1
FOR IMMEDIATE RELEASE
FirstMerit Corporation
Analysts: Thomas O'Malley/Investor Relations Officer
Phone: 330.384.7109
Media Contact: Robert Townsend/Media Relations Officer
Phone: 330.384.7075
FirstMerit Completes Acquisition of Citizens Republic Bancorp
.
Transaction forms 6th largest bank headquartered in Midwest
.
FirstMerit footprint now spans five contiguous states
Akron, Ohio, April 12, 2013 - FirstMerit Corporation (Nasdaq: FMER) announced today that it has consummated its acquisition of Flint, Michigan-based Citizens' Republic Bancorp.
With pro-forma combined assets of $24.5 billion, the acquisition makes FirstMerit the sixth-largest bank headquartered in the Midwest. FirstMerit's footprint now extends through the contiguous states of Ohio, Michigan, Wisconsin, Illinois and Pennsylvania. The expanded company employs approximately 5,000 employees and offers customers more than 400 conveniently located branches and more than 440 ATM locations.
The transaction, the largest in FirstMerit's history, marks FirstMerit's entrance into Michigan and Wisconsin and expands its presence in Northeast Ohio. On Saturday, April 13, 2013, all former Citizens branches will reopen as FirstMerit locations. Full signage change will occur later this year.
"I am excited to welcome our new employees and clients to FirstMerit", said Paul G. Greig, chairman, president and CEO. "It will be business as usual for customers of all former Citizens branches as they become a part of FirstMerit. Customers will recognize the familiar faces from Citizens who will continue to take care of their banking needs".
"We are pleased to bring the FirstMerit brand to Michigan and Wisconsin and look forward to serving the needs of retail, business and wealth management clients in our communities across the Midwest", said Sandy Pierce, vice chairman of FirstMerit and chairman and CEO of FirstMerit Michigan. "Our proven value proposition and "you first" philosophy have kept us strong and profitable throughout the economic cycle and position us well to be the bank of choice with new and existing customers".
1
About FirstMerit
FirstMerit Corporation is a diversified financial services company headquartered in Akron, Ohio, with assets of approximately $24.5 billion as of close of business April 12, 2013, and 415 banking offices and 452 ATM locations in Ohio, Michigan, Wisconsin, Illinois and Pennsylvania. FirstMerit provides a complete range of banking and other financial services to consumers and businesses through its core operations. Principal affiliates include: FirstMerit Bank, N.A., FirstMerit Mortgage Corporation, FirstMerit Title Agency, Ltd., and FirstMerit Community Development Corporation.
###
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"O",
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215419-000021541906000005-exh99bcsjan3106 | EX-99.1 EXHIBITS
2
exh99bcsjan3106.txt
PRESS RELEASE
COMPANY CONTACT:
Checkpoint Systems, Inc.
Craig Burns, Executive Vice President,
Chief Financial Officer and Treasurer
(856) 848-1800
INVESTOR RELATIONS CONTACTS:
Christine Mohrmann, Jim Olecki
Financial Dynamics
(212) 850-5600
FOR IMMEDIATE RELEASE
CHECKPOINT SYSTEMS COMPLETES SALE OF BARCODE
SYSTEMS BUSINESSES TO SATO
Thorofare, New Jersey, January 30, 2006 - Checkpoint Systems, Inc. (NYSE: CKP),
announced today that it has completed the sale of its barcode systems (BCS)
businesses to SATO, a global leader in barcode printing, labeling, and EPC/RFID
solutions for total consideration of $37 million in cash, plus the assumption by
SATO of $5 million in liabilities. On December 22, 2005, the Company announced
that it had reached a definitive agreement with SATO to acquire Checkpoint's BCS
businesses around the world, as well as hand-held labeling solutions (HLS) in
the United States. The final purchase price is subject to certain post-close
adjustments relating to net operating assets.
William Blair & Company acted as financial advisor to Checkpoint in connection
with the transaction.
# # #
About SATO
SATO is a pioneer in the Automatic Identification and Data Collection (AIDC)
industry and the inventor of the world's first electronic thermal transfer
barcode printer. It revolutionized the barcoding industry by introducing the
Data Collection System (DCS) & Labeling concept - a total barcode and labeling
solution providing high quality barcode printers, scanners/hand-held terminals,
label design software and consumables. SATO is one of the first in the industry
to introduce a complete, multi-protocol EPC-compliant, UHF RFID solution.
SATO is publicly listed on the first section of Tokyo Stock Exchange in Japan.
It has worldwide offices in the United States, Belgium, France, Germany, United
Kingdom, Poland, Singapore, Malaysia, Thailand and China. For the fiscal year
ended March 31, 2005, it reported revenues of US$575 million. For more
information, contact SATO International at www.SATOworldwide.com.
About Checkpoint Systems
Checkpoint Systems, Inc. is a multinational manufacturer and marketer of
integrated systems solutions for retail security, labeling, and merchandising.
Checkpoint is a leading provider of EAS and RFID systems, source tagging,
hand-held labeling systems and retail merchandising systems. Applications
include automatic identification, retail security and pricing, and promotional
labels. Operating directly in 30 countries, Checkpoint has a global network of
subsidiaries and provides professional customer service and technical support
around the world. Checkpoint Systems, Inc.'s website is located at
www.checkpointsystems.com.
Safe Harbor Statement
This presentation may include information that constitutes forward-looking
statements made pursuant to the safe harbor provision of the Private Securities
Litigation Reform Act of 1995. Any such forward-looking statements may involve
risk and uncertainties that could cause actual results to differ materially from
any future results encompassed within the forward-looking statements. These
risks and uncertainties include, but are not limited to, the timing of the
closing of the sale of the barcode systems businesses, if such closing will
occur at all. Other factors that could cause or contribute to such differences
include those matters disclosed in the Company's Security and Exchange
Commission filings.
# # #
| [
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1002517-000095013509002833-b75005ncexv99w1 | EX-99.1
2
b75005ncexv99w1.htm
EX-99.1 PRESS RELEASE DATED APRIL 9, 2009
exv99w1
Exhibit 99.1
News Release
Nuance Closes Acquisition of Zi Corporation
BURLINGTON, Mass. and CALGARY, Alberta
-
April 9, 2009
- Nuance Communications, Inc. (NASDAQ: NUAN)
and Zi Corporation (NASDAQ: ZICA, TSX: ZIC) today announced that Nuance has closed the acquisition
of Zi. Zi's solutions for mobile search and text input complement Nuance's portfolio of intuitive
touch and speech interfaces that simplify and enhance the way people interact with mobile devices,
applications, and services.
"By incorporating Zi's text input technology into our mobile solutions portfolio, Nuance can better
serve our global OEM and mobile operators that demand robust language support, particularly in
Asia-Pacific markets", said Steve Chambers, president, Mobile-Enterprise & Consumer Services,
Nuance. "The Zi acquisition is also a key component of a broader Nuance strategy to give mobile
device manufacturers and operators the ability to deliver breakthroughs in device accessibility via
speech, predictive text and search, handwriting recognition, and powerful call-intercept
capabilities".
Under the terms of the agreement, Zi shareholders will receive US$0.34 in cash and approximately
.037 shares of Nuance common stock for each common share of Zi that they own. Effective at the
close of the markets today, trading in Zi common stock has ceased on NASDAQ and the Toronto Stock
Exchange (TSX).
About Zi Corporation
Zi Corporation is a provider of discovery and usability solutions for Mobile Search, Input and
Advertising. Zi Corporation's products offers innovative ways for mobile operators to showcase new
services and content to their subscribers, while encouraging users to get the most out of their
communication devices. Increased device usage can help mobile operators drive additional revenues
and lead to improved customer retention. For more information, please visit www.zicorp.com.
About Nuance Communications
Nuance (NASDAQ: NUAN) is a leading provider of speech, text and imaging solutions for businesses
and consumers around the world. Its technologies, applications and services make the user
experience more compelling by transforming the way people interact with information and how they
create, share and use documents. Every day, millions of users and thousands of businesses
experience Nuance's proven applications and professional services. For more information, please
visit www.nuance.com.
Nuance and the Nuance logo are trademarks or registered trademarks of Nuance Communications, Inc.
or its affiliates in the United States and/or other countries. All other company names or product
names may be the trademarks of their respective owners.
SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS
Statements in this document regarding the transaction between Nuance and Zi, benefits and synergies
of the transaction, future opportunities for the combined company, expectations regarding the value
and benefits of the transaction and the combined company's technology to stakeholders and
customers, and any other statements about Nuance or Zi managements' future expectations, beliefs,
goals, plans or prospects constitute forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995 and other applicable securities laws. Any statements that
are not statements of historical fact (including statements containing the words "believes,"
"plans", "anticipates", "expects", "estimates", and similar expressions) should also be considered
to be forward-looking statements. There are a number of important factors that could cause actual
results or events to differ materially from those indicated by such forward-looking statements,
including: the ability of Nuance to successfully integrate Zi's operations and employees; the
ability to realize anticipated synergies and cost savings; the failure to retain customers; general
economic conditions; performance of the market sectors that Nuance and Zi serve; and, the other
factors described in Nuance's Annual Report on Form 10-K for the year ended September 30, 2008 and
its most recent quarterly reports filed with the United States Securities and Exchange Commission
and Zi's filings with the Canadian provincial securities regulators. Each of Nuance and Zi
disclaims any intention or obligation to update any forward-looking statements as a result of
developments occurring after the date of this document.
Contacts:
For Investors and Press
For Press
Richard Mack
Rebecca Paquette
Nuance Communications, Inc.
Nuance Communications, Inc.
Tel: 781-565-5000
Tel: 781-565-5000
Email: richard.mack@nuance.com
Email: rebecca.paquette@nuance.com
Blair Mullin
Zi Corporation
Tel: 403-233-8875
Email: bmullin@zicorp.com
###
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895421-000095010320019435-dp138036_ex9901 | EX-99.1
7
dp138036_ex9901.htm
EXHIBIT 99.1
Exhibit 99.1
October 2
, 2020
- FOR IMMEDIATE RELEASE
Morgan Stanley Closes Acquisition of E*TRADE
NEW
YORK & ARLINGTON
- Morgan Stanley (NYSE: MS) announced today that it has completed the acquisition of E*TRADE Financial
Corporation (E*TRADE) in an all-stock transaction. E*TRADE common stockholders are entitled to receive 1.0432 Morgan Stanley common
shares for each E*TRADE common share.
"The addition of E*TRADE
positions us as an industry leader in Wealth Management across all channels and segments, and significantly increases the
scale and breadth of our Wealth Management franchise, which now oversees $3.3 trillion in assets", said James P. Gorman,
Chairman and Chief Executive Officer of Morgan Stanley. "E*TRADE has built a best-in-class, direct-to-consumer digital
channel and a strong brand over the past 38 years. The addition of their premier offering will provide enhanced capabilities
to all our clients and Financial Advisors".
Michael Pizzi, CEO of E*TRADE, joins
Morgan Stanley and will lead E*TRADE's direct-to-consumer, digital self-directed business that will operate under the E*TRADE
brand, and will co-lead the equity administration business. He also joins the Morgan Stanley Operating and Management Committees.
In addition, today Shelley Leibowitz,
one of E*TRADE's independent directors, has joined the Morgan Stanley Board of Directors. "Ms. Leibowitz brings a wealth
of financial technology and management expertise. We welcome her to the Board and look forward to working with her", said
Ray Wilkins, Chair of the Board's Nominating and Governance Committee.
Morgan Stanley is a leading global financial
services firm providing investment banking, securities, wealth management and investment management services. With offices in more
than 41 countries, the Firm's employees serve clients worldwide including corporations, governments, institutions and individuals.
For further information about Morgan Stanley, please visit
www.morganstanley.com
.
This press release may contain forward-looking statements, including
the attainment of certain financial and other targets, objectives and goals. Readers are cautioned not to place undue reliance
on forward-looking statements, which speak only as of the date on which
they are made, which reflect management's
current estimates, projections, expectations, assumptions, interpretations or beliefs and which are subject to risks and uncertainties
that may cause actual results to differ materially. Morgan Stanley does not undertake any obligation to update any forward-looking
statements. For a discussion of risks and uncertainties that may affect the future results of the Firm, please see "Forward-Looking
Statements" immediately preceding Part I, Item 1, "Competition" and "Supervision and Regulation"
in Part I, Item 1, "Risk Factors" in Part I, Item 1A, "Legal Proceedings" in Part I, Item 3, "Management's
Discussion and Analysis of Financial Condition and Results of Operations" in Part II, Item 7 and "Quantitative and
Qualitative Disclosures about Market Risk" in Part II, Item 7A in the Firm's Annual Report on Form 10-K for the year
ended December 31, 2019 and other items throughout the Form 10-K, the Firm's Quarterly Reports on Form 10-Q and the Firm's
Current Reports on Form 8-K, including the Current Report filed with the SEC on April 16, 2020 and the additional risk factors
under "Risk Factors" in the Registration Statement on Form S-4 filed with the SEC on April 17, 2020, as amended.
# # #
Note
to Editors:
Shelley
B. Leibowitz
Shelley
B. Leibowitz was on the Board of Directors at E*TRADE from December 2014 to September 2020.
Ms.
Leibowitz is President of SL Advisory, a firm she founded in 2016 that focuses on technology strategy, digital transformation,
IT portfolio and risk management, information security, performance metrics, and governance. From 2009 through 2012, Ms. Leibowitz
served as Group Chief Information Officer for the World Bank, where she was responsible for the technology services and capabilities
that underlie the work of delivering quality knowledge and financing products to the Bank Group's clients across the globe.
Ms. Leibowitz managed the Bank Group's cybersecurity program and served as a member of the Bank Group's Pension Investment
Committee. Previously, Ms. Leibowitz held Chief Information Officer positions at Morgan Stanley, Greenwich Capital Markets and
Barclays Capital.
In
prior years, Ms. Leibowitz served on the board of Endgame, foremost provider of cybersecurity capabilities to the U.S. intelligence
and defense communities, acquired by Elastic NV in 2019, and on the board of Alliance Bernstein Holding LP, where she served on
the Audit and Risk Committee. Ms. Leibowitz is currently on the board of directors of Massachusetts Mutual Life Insurance Company,
where she serves on the Investment Committee and the Technology & Governance Committee. She is also a member of the Council
on Foreign Relations and on the Visiting Committee of the Center for Development Economics at Williams College. Ms. Leibowitz
is a Board Leadership Fellow at the National Association of Corporate Directors, where she is a frequent speaker and has achieved
Directorship Certification and the CERT Certificate in Cybersecurity Oversight.
Ms.
Leibowitz graduated Phi Beta Kappa from Williams College with a BA in Mathematics.
ETFC-G
Contacts
Morgan Stanley
Media Relations: Wesley McDade, 212.761.2430
Investor Relations: Sharon Yeshaya, 212.761.1632
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"wealth",
"of",
"financial",
"technology",
"and",
"management",
"expertise",
".",
"We",
"welcome",
"her",
"to",
"the",
"Board",
"and",
"look",
"forward",
"to",
"working",
"with",
"her",
"\"",
",",
"said",
"Ray",
"Wilkins",
",",
"Chair",
"of",
"the",
"Board",
"'s",
"Nominating",
"and",
"Governance",
"Committee",
".",
"Morgan",
"Stanley",
"is",
"a",
"leading",
"global",
"financial",
"services",
"firm",
"providing",
"investment",
"banking",
",",
"securities",
",",
"wealth",
"management",
"and",
"investment",
"management",
"services",
".",
"With",
"offices",
"in",
"more",
"than",
"41",
"countries",
",",
"the",
"Firm",
"'s",
"employees",
"serve",
"clients",
"worldwide",
"including",
"corporations",
",",
"governments",
",",
"institutions",
"and",
"individuals",
".",
"For",
"further",
"information",
"about",
"Morgan",
"Stanley",
",",
"please",
"visit",
"www.morganstanley.com",
".",
"This",
"press",
"release",
"may",
"contain",
"forward",
"-",
"looking",
"statements",
",",
"including",
"the",
"attainment",
"of",
"certain",
"financial",
"and",
"other",
"targets",
",",
"objectives",
"and",
"goals",
".",
"Readers",
"are",
"cautioned",
"not",
"to",
"place",
"undue",
"reliance",
"on",
"forward",
"-",
"looking",
"statements",
",",
"which",
"speak",
"only",
"as",
"of",
"the",
"date",
"on",
"which",
"they",
"are",
"made",
",",
"which",
"reflect",
"management",
"'s",
"current",
"estimates",
",",
"projections",
",",
"expectations",
",",
"assumptions",
",",
"interpretations",
"or",
"beliefs",
"and",
"which",
"are",
"subject",
"to",
"risks",
"and",
"uncertainties",
"that",
"may",
"cause",
"actual",
"results",
"to",
"differ",
"materially",
".",
"Morgan",
"Stanley",
"does",
"not",
"undertake",
"any",
"obligation",
"to",
"update",
"any",
"forward",
"-",
"looking",
"statements",
".",
"For",
"a",
"discussion",
"of",
"risks",
"and",
"uncertainties",
"that",
"may",
"affect",
"the",
"future",
"results",
"of",
"the",
"Firm",
",",
"please",
"see",
"\"",
"Forward",
"-",
"Looking",
"Statements",
"\"",
"immediately",
"preceding",
"Part",
"I",
",",
"Item",
"1",
",",
"\"",
"Competition",
"\"",
"and",
"\"",
"Supervision",
"and",
"Regulation",
"\"",
"in",
"Part",
"I",
",",
"Item",
"1",
",",
"\"",
"Risk",
"Factors",
"\"",
"in",
"Part",
"I",
",",
"Item",
"1A",
",",
"\"",
"Legal",
"Proceedings",
"\"",
"in",
"Part",
"I",
",",
"Item",
"3",
",",
"\"",
"Management",
"'s",
"Discussion",
"and",
"Analysis",
"of",
"Financial",
"Condition",
"and",
"Results",
"of",
"Operations",
"\"",
"in",
"Part",
"II",
",",
"Item",
"7",
"and",
"\"",
"Quantitative",
"and",
"Qualitative",
"Disclosures",
"about",
"Market",
"Risk",
"\"",
"in",
"Part",
"II",
",",
"Item",
"7A",
"in",
"the",
"Firm",
"'s",
"Annual",
"Report",
"on",
"Form",
"10",
"-",
"K",
"for",
"the",
"year",
"ended",
"December",
"31",
",",
"2019",
"and",
"other",
"items",
"throughout",
"the",
"Form",
"10",
"-",
"K",
",",
"the",
"Firm",
"'s",
"Quarterly",
"Reports",
"on",
"Form",
"10",
"-",
"Q",
"and",
"the",
"Firm",
"'s",
"Current",
"Reports",
"on",
"Form",
"8",
"-",
"K",
",",
"including",
"the",
"Current",
"Report",
"filed",
"with",
"the",
"SEC",
"on",
"April",
"16",
",",
"2020",
"and",
"the",
"additional",
"risk",
"factors",
"under",
"\"",
"Risk",
"Factors",
"\"",
"in",
"the",
"Registration",
"Statement",
"on",
"Form",
"S",
"-",
"4",
"filed",
"with",
"the",
"SEC",
"on",
"April",
"17",
",",
"2020",
",",
"as",
"amended",
".",
"#",
"#",
"#",
"Note",
"to",
"Editors",
":",
"Shelley",
"B",
".",
"Leibowitz",
"Shelley",
"B",
".",
"Leibowitz",
"was",
"on",
"the",
"Board",
"of",
"Directors",
"at",
"E",
"*",
"TRADE",
"from",
"December",
"2014",
"to",
"September",
"2020",
".",
"Ms",
".",
"Leibowitz",
"is",
"President",
"of",
"SL",
"Advisory",
",",
"a",
"firm",
"she",
"founded",
"in",
"2016",
"that",
"focuses",
"on",
"technology",
"strategy",
",",
"digital",
"transformation",
",",
"IT",
"portfolio",
"and",
"risk",
"management",
",",
"information",
"security",
",",
"performance",
"metrics",
",",
"and",
"governance",
".",
"From",
"2009",
"through",
"2012",
",",
"Ms",
".",
"Leibowitz",
"served",
"as",
"Group",
"Chief",
"Information",
"Officer",
"for",
"the",
"World",
"Bank",
",",
"where",
"she",
"was",
"responsible",
"for",
"the",
"technology",
"services",
"and",
"capabilities",
"that",
"underlie",
"the",
"work",
"of",
"delivering",
"quality",
"knowledge",
"and",
"financing",
"products",
"to",
"the",
"Bank",
"Group",
"'s",
"clients",
"across",
"the",
"globe",
".",
"Ms",
".",
"Leibowitz",
"managed",
"the",
"Bank",
"Group",
"'s",
"cybersecurity",
"program",
"and",
"served",
"as",
"a",
"member",
"of",
"the",
"Bank",
"Group",
"'s",
"Pension",
"Investment",
"Committee",
".",
"Previously",
",",
"Ms",
".",
"Leibowitz",
"held",
"Chief",
"Information",
"Officer",
"positions",
"at",
"Morgan",
"Stanley",
",",
"Greenwich",
"Capital",
"Markets",
"and",
"Barclays",
"Capital",
".",
"In",
"prior",
"years",
",",
"Ms",
".",
"Leibowitz",
"served",
"on",
"the",
"board",
"of",
"Endgame",
",",
"foremost",
"provider",
"of",
"cybersecurity",
"capabilities",
"to",
"the",
"U",
".",
"S",
".",
"intelligence",
"and",
"defense",
"communities",
",",
"acquired",
"by",
"Elastic",
"NV",
"in",
"2019",
",",
"and",
"on",
"the",
"board",
"of",
"Alliance",
"Bernstein",
"Holding",
"LP",
",",
"where",
"she",
"served",
"on",
"the",
"Audit",
"and",
"Risk",
"Committee",
".",
"Ms",
".",
"Leibowitz",
"is",
"currently",
"on",
"the",
"board",
"of",
"directors",
"of",
"Massachusetts",
"Mutual",
"Life",
"Insurance",
"Company",
",",
"where",
"she",
"serves",
"on",
"the",
"Investment",
"Committee",
"and",
"the",
"Technology",
"&",
"Governance",
"Committee",
".",
"She",
"is",
"also",
"a",
"member",
"of",
"the",
"Council",
"on",
"Foreign",
"Relations",
"and",
"on",
"the",
"Visiting",
"Committee",
"of",
"the",
"Center",
"for",
"Development",
"Economics",
"at",
"Williams",
"College",
".",
"Ms",
".",
"Leibowitz",
"is",
"a",
"Board",
"Leadership",
"Fellow",
"at",
"the",
"National",
"Association",
"of",
"Corporate",
"Directors",
",",
"where",
"she",
"is",
"a",
"frequent",
"speaker",
"and",
"has",
"achieved",
"Directorship",
"Certification",
"and",
"the",
"CERT",
"Certificate",
"in",
"Cybersecurity",
"Oversight",
".",
"Ms",
".",
"Leibowitz",
"graduated",
"Phi",
"Beta",
"Kappa",
"from",
"Williams",
"College",
"with",
"a",
"BA",
"in",
"Mathematics",
".",
"ETFC",
"-",
"G",
"Contacts",
"Morgan",
"Stanley",
"Media",
"Relations",
":",
"Wesley",
"McDade",
",",
"212",
".",
"761",
".",
"2430",
"Investor",
"Relations",
":",
"Sharon",
"Yeshaya",
",",
"212",
".",
"761",
".",
"1632"
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1489136-000119312516727586-d438323dex991 | EX-99.1
7
d438323dex991.htm
EX-99.1
EX-99.1
Exhibit 99.1
SemGroup Corporation Announces Stockholder Approval of Acquisition of Rose Rock Midstream, L.P.
Tulsa, Okla. - Sept. 29, 2016 -
SemGroup
®
Corporation (NYSE:SEMG) announced that its
stockholders approved at a special meeting of stockholders today the issuance of SemGroup common stock pursuant to the previously announced agreement providing for SemGroup's acquisition of all of the outstanding common units of Rose Rock
Midstream
®
, L.P. (NYSE:RRMS) not already owned by the company in an all stock-for-unit transaction.
More than 99 percent of the shares of SemGroup's common stock that were voted approved the share issuance. Subject to customary approvals and conditions,
the transaction is expected to close on Sept. 30, 2016.
About SemGroup
Based in Tulsa, Okla., SemGroup
®
Corporation (NYSE:SEMG) is a publicly traded midstream service
company providing the energy industry the means to move products from the wellhead to the wholesale marketplace. SemGroup provides diversified services for end-users and consumers of crude oil, natural gas, natural gas liquids, refined products and
asphalt. Services include purchasing, selling, processing, transporting, terminalling and storing energy.
SemGroup uses its Investor Relations website
and social media outlets as channels of distribution of material company information. Such information is routinely posted and accessible on our Investor Relations website at ir.semgroupcorp.com, our Twitter account and LinkedIn account.
Forward-Looking Statements
All statements, other than
statements of historical fact, included in this press release including the prospects of our industry, our anticipated financial performance, our anticipated annual dividend growth rate, management's plans and objectives for future operations,
planned capital expenditures, business prospects, outcome of regulatory proceedings, market conditions and other matters, may constitute forward-looking statements. Although we believe that the expectations reflected in these forward-looking
statements are reasonable, we cannot assure you that these expectations will prove to be correct. These forward-looking statements are subject to certain known and unknown risks and uncertainties, as well as assumptions that could cause actual
results to differ materially from those reflected in these forward-looking statements. Factors that might cause actual results to differ include, but are not limited to, the closing, expected timing, and benefits of the proposed transaction pursuant
to which we will acquire all of the outstanding common units of our subsidiary, Rose Rock Midstream, L.P. ("Rose Rock"), not already owned by us; our ability to generate sufficient cash flow from operations to enable us to pay our debt
obligations and our current and expected dividends or to fund our other liquidity needs; the ability of Rose Rock to generate sufficient cash flow from operations to provide the level of cash distributions we expect; any sustained reduction in
demand for, or supply of, the petroleum products we gather, transport, process, market and store; the effect of our debt level on
our future financial and operating flexibility, including our ability to obtain additional capital on terms that are favorable to us; our ability to access the debt and equity markets, which will
depend on general market conditions and the credit ratings for our debt obligations and equity; the loss of, or a material nonpayment or nonperformance by, any of our key customers; the amount of cash distributions, capital requirements and
performance of our investments and joint ventures; the amount of collateral required to be posted from time to time in our purchase, sale or derivative transactions; the impact of operational and developmental hazards and unforeseen interruptions;
our ability to obtain new sources of supply of petroleum products; competition from other midstream energy companies; our ability to comply with the covenants contained in our credit agreements and the indentures governing our senior notes,
including requirements under our credit agreements to maintain certain financial ratios; our ability to renew or replace expiring storage, transportation and related contracts; the overall forward markets for crude oil, natural gas and natural gas
liquids; the possibility that the construction or acquisition of new assets may not result in the corresponding anticipated revenue increases; changes in currency exchange rates; weather and other natural phenomena, including climate conditions; a
cyber attack involving our information systems and related infrastructure, or that of our business associates; the risks and uncertainties of doing business outside of the U.S., including political and economic instability and changes in local
governmental laws, regulations and policies; costs of, or changes in, laws and regulations and our failure to comply with new or existing laws or regulations, particularly with regard to taxes, safety and protection of the environment; the
possibility that our hedging activities may result in losses or may have a negative impact on our financial results; general economic, market and business conditions; as well as other risk factors discussed from time to time in each of our documents
and reports filed with the SEC.
Readers are cautioned not to place undue reliance on any forward-looking statements contained in this press release,
which reflect management's opinions only as of the date hereof. Except as required by law, we undertake no obligation to revise or publicly release the results of any revision to any forward-looking statements.
Contacts:
Investor Relations:
Alisa Perkins
918-524-8081
investor.relations@semgroupcorp.com
Media:
Kiley Roberson
918-524-8594
kroberson@semgroupcorp.com
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1125051-000114420406007109-v036214_ex99-1 | EX-99.1
2
v036214_ex99-1.txt
|GRAPHIC| 1155 Rene-Levesque Boulevard West, Suite 2720
Montreal, Quebec, H3B 2K8
T(514) 337-2447 // F(514) 337 0985
MANARIS CORPORATION COMPLETES THE SALE OF CLI
MONTREAL, CANADA (February 17, 2006) - Manaris Corporation ("Manaris")
(OTCBB:MANS) (FRANKFURT WKN: 255471) announces the closing of a transaction, on
February 15, 2006. for the sale of its wholly-owned subsidiary, 6327915 Canada
Inc., the holding company of Chartrand Laframboise Inc. and Bureau de credit
commercial Inc., to a leading player in the security industry. The share
purchase agreement was originally announced on February 9th.
ABOUT MANARIS CORPORATION
Through its wholly-owned subsidiaries, Manaris offers a comprehensive suite
of enterprise risk management services and solutions. C-Chip (North America)
specializes in the high-tech sector of the security industry, with technology
that allows business users to efficiently access, control, manage and monitor
remote assets at low costs. Avensys enables businesses and corporations to
monitor different types of environments, including air, soil, water as well as
buildings and infrastructures.
FORWARD-LOOKING-STATEMENT: Except for factual statements made herein, the
information contained in this press release consists of forward-looking
statements that involve risks uncertainties, including the effect of changing
economic conditions, competition within the credit and security industry,
customer acceptance of products and other risks and uncertainties. Such forward
looking statements are not guarantees of performance, and Manaris Corporation
results could differ materially from those contained in such statements. These
forward-looking statements speak only as of the date of this release and Manaris
Corporation undertakes no obligation to publicly update any forward-looking
statements to reflect new information, events or circumstances after the date of
this release.
CONTACTS:
MANARIS CORPORATION
Mr. John Fraser President and CEO (514) 337-2447
Linda Farha
Zenergy Communications
(514) 273-4034
linda@zenergycom.com
- 30 -
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830122-000083012212000103-pressrelease-closingofsale | EX-99.1
2
pressrelease-closingofsale.htm
PRESS RELEASE - PICO HOLDINGS, INC ANNOUNCES THE CLOSING
Press Release - Closing of Sale to White Mountains
NEWS RELEASE
FOR IMMEDIATE RELEASE
PICO HOLDINGS, INC. ANNOUNCES THE CLOSING OF THE SALE OF ITS TWO INSURANCE COMPANY SUBSIDIARIES
(LA JOLLA, CALIFORNIA) - November 21, 2012 - PICO Holdings, Inc. (GlobeNewswire via COMTEX)
PICO Holdings, Inc. (NASDAQ: PICO) announced today that it has closed the sale of its two insurance company subsidiaries, Physicians Insurance Company of Ohio and Citation Insurance Company, to an affiliate of White Mountains Insurance Group, Ltd. (WTM.NYSE).
The transaction resulted in proceeds to PICO of approximately $44.4 million, consisting of pre-closing dividends of approximately $28.9 million from the two insurance company subsidiaries, in aggregate and sales proceeds of approximately $15.5 million. For the nine months ended September 30, 2012 the loss from operations of the two insurance companies was approximately $2.7 million, which was reported as a loss from discontinued operations. The final results of the discontinued operations up to the date of closing are not expected to be materially different from the previously reported results at September 30, 2012 and will be contained in PICO's consolidated statement of operations for the year ending December 31, 2012, which will be included with PICO's Form 10-K expected to be filed with the SEC in February, 2013.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Statements in this press release that are not historical, including statements regarding the final results of the discontinued operations and expected filing date of our Form 10-K, are "forward-looking statements" based on current expectations and assumptions that are subject to risks and uncertainties, and actual results could differ based on a number of factors, including those set out in the "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" sections of our SEC filings, including our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q, copies of which may be obtained by contacting us at (858) 456-6022 or at http://investors.picoholdings.com.
We undertake no obligation to (and we expressly disclaim any obligation to) update our forward-looking statements, whether as a result of new information, subsequent events, or otherwise, in order to reflect any event or circumstance which may arise after the date of this press release. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
This news release was distributed by GlobeNewswire, www.globenewswire.com.
SOURCE: PICO Holdings, Inc.
CONTACT: Max Webb
Chief Financial Officer
(858) 456-6022, ext. 216
# # # # #
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1113232-000110465909022607-a09-9354_2ex99d1 | EX-99.1
3
a09-9354_2ex99d1.htm
EX-99.1
Exhibit 99.1
Company Contact:
Investor Contact:
Maureen Hart
Stephen Bassett
Axcelis Technologies, Inc.
Axcelis Technologies, Inc.
Tel: +1 (978) 787 4266
Tel: +1 (978) 787 4000
Fax: +1 (978) 787 4275
Fax: +1 (978) 787 9133
maureen.hart@axcelis.com
investor.relations@axcelis.com
AXCELIS TECHNOLOGIES COMPLETES SALE OF ITS INTEREST IN
JOINT VENTURE SEN CORPORATION TO SUMITOMO HEAVY INDUSTRIES
Company Fulfills Obligations on Convertible Senior
Subordinated Notes
BEVERLY,
Mass.-March 30, 2009-Axcelis Technologies, Inc. (Nasdaq: ACLS) today
announced it has completed the sale of its 50% interest in SEN Corporation, an
SHI and Axcelis Company (SEN) to Sumitomo Heavy Industries, Ltd. (SHI). The
Company received net proceeds from the sale of approximately $122.3 million
after advisor fees and other expenses and will recognize a gain on the sale of
approximately $1.2 million in the first quarter of 2009.
Axcelis has applied $86.4 million of the sale proceeds to meet its
obligations on its 4.25% Convertible Senior Subordinated Notes, which were due
in January. As a result of the payment, the trustee for the notes will withdraw
litigation filed in connection with Axcelis' default on the notes.
The
sale was completed pursuant to a Share Purchase Agreement that Axcelis and SHI
entered into on February 26, 2009. SEN was licensed by Axcelis to
manufacture and sell certain implant products in Japan. Prior to the completion
of the sale, it was owned 50/50 by Axcelis and SHI.
About
Axcelis Technologies, Inc.
Axcelis
Technologies, Inc., headquartered in Beverly, Massachusetts, provides
innovative, high-productivity solutions for the semiconductor industry. Axcelis
is dedicated to developing enabling process applications through the design,
manufacture and complete life cycle support of ion implantation and cleaning
systems. The company's Internet address is: www.axcelis.com.
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1011662-000121390014004294-f8k061614ex99i_globaldigital | EX-99.1
3
f8k061614ex99i_globaldigital.htm
PRESS RELEASE
f8k061614ex99i_globaldigital.htm
Exhibit 99.1
Contact:
Richard J. Sullivan
561-515-6163
info@gdsi.co
Global Digital Solutions, Inc. (GDSI) Completes Acquisition of North
American Specialty Vehicles, LLC (NACSV) - Leading Builder of Mobile
Command/Communications and Specialty Vehicles for Emergency
Management, First Responders, National Security and Law Enforcement Operations
PALM BEACH, Fla., June 18, 2014 /PRNewswire/
-- Global Digital Solutions, Inc. (
OTCQB:GDSI
), a company that is positioning itself as a leader in providing cyber arms manufacturing and complementary security and technology solutions, today announced the acquisition of North American Custom Specialty Vehicles, LLC (NACSV), a leading builder of mobile command/communications and specialty vehicles for emergency management, first responders, national security and law enforcement operations.
In 2013, NACSV generated revenue of $6.2 million and EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) of $1.06 million and has an expected revenue run rate of between $12 million and $14 million and expected EBITDA of between $2.1 million and $2.4 million by December 31, 2014.
"We're delighted to announce the acquisition of NACSV", said GDSI's President and CEO Richard J. Sullivan. "NACSV is a well-respected builder of security and crisis management-related specialty vehicles. Very importantly, NACSV has an established client base and a skilled management team. The company's advanced command and control and emergency communications capabilities fit perfectly into GDSI's global growth strategy. We're looking forward to working together with the NACSV team in the months ahead".
On June 16, 2014, GDSI's wholly owned subsidiary, GDSI Acquisition Corporation, entered into an Equity Purchase Agreement with the members of NACSV to acquire their interests in NACSV in consideration for $1 million in cash and 645,161 shares of GDSI's restricted common stock at closing on June 16, 2014 and up to an additional $2.4 million of contingent consideration, payable either in shares of GDSI's common stock, or in cash, through December 31, 2017, as certain milestones and targets are met.
1
About North American Custom Specialty Vehicles, LLC
NACSV specializes in building mobile command/communications and specialty vehicles for emergency management, first responders, national security and law enforcement operations.
These specialty vehicles include:
·
Mobile Command Center.
A properly equipped mobile command center is a response and recovery vehicle that facilitates an agency's ability to expand their command and control capabilities to a remote location. Full interoperable communications are a standard for the mobile command center. For the emergency management agency, the vehicle is an extension of the fixed base emergency operations center. The vehicle should be built with long-term deployment in mind but also be easy to operate in order to allow for quick deployment by minimum personnel if necessary. The successful design of a mobile command center will dictate the frequency of use. In other words, the more difficult to move and operate, the fewer deployments.
·
Command and Control:
In the law enforcement environment, the vehicle can be utilized for command and control as well as hostage negotiations and even as a mobile precinct. Full law enforcement dispatch capabilities can be installed as well as back-up systems to the 9-1-1 Center.
·
Incident Command:
The fire service unit, properly equipped, gives the incident commander the visibility and informational flow along with space for ICS functional personnel all in one area. A meeting area for functional ICS officers to share and evaluate information with the IC is necessary.
For more information about NACSV, visit
www.NACSVehicles.com.
About Global Digital Solutions, Inc.
Global Digital Solutions is positioning itself as a leader in providing cyber arms manufacturing and complementary security and technology solutions. For more information please visit
http://www.gdsi.co
.
Forward Looking Statements
This press release contains "forward looking statements". The statements contained in this press release that are not purely historical are forward-looking statements. Forward-looking statements give the Company's current expectations or forecasts of future events. Such statements are subject to risks and uncertainties that are often difficult to predict and beyond the Company's control, and could cause the Company's results to differ materially from those described. I
n some cases forward-looking statements can be identified by terminology such as "may", "should", "potential", "continue", "expects", "anticipates", "intends", "plans", "believes", "estimates", and similar expressions. These statements include statements
regarding moving forward with executing the Company's global growth strategy. The statements
are based upon current beliefs, expectations and assumptions and are subject to a number of risks and uncertainties, many of which are difficult to predict.
The Company is providing this information as of the date of this press release and does not undertake any obligation to update any forward looking statements contained in this press release as a result of new information, future events or otherwise, except as required by law. We have based these forward looking statements largely on our current expectations and projections about future events and financial trends affecting the financial condition of our business. Forward looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Important factors that could cause such differences include, but are not limited to the Risk Factors and other information set forth in the Company's Annual Report on Form 10-K filed on March 28, 2014, and in our other filings with the U.S. Securities and Exchange Commission.
2
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",",
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",",
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"·",
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",",
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"-",
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"Command",
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"functional",
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"A",
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"For",
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"information",
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",",
"visit",
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".",
"About",
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"Digital",
"Solutions",
",",
"Inc",
".",
"Global",
"Digital",
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"arms",
"manufacturing",
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"complementary",
"security",
"and",
"technology",
"solutions",
".",
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"more",
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".",
"Forward",
"Looking",
"Statements",
"This",
"press",
"release",
"contains",
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"forward",
"looking",
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"The",
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"-",
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"The",
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1170154-000114420409061057-v166925_ex99-1 | EX-99.1
6
v166925_ex99-1.htm
Exhibit
99.1
NEWS
RELEASE
Contact:
Gastar
Exploration Ltd.
J.
Russell Porter, Chief Executive Officer
713-739-1800
/
rporter@gastar.com
FOR
IMMEDIATE RELEASE
Investor
Relations Counsel:
Lisa
Elliott / Anne Pearson
DRG&E:
713-529-6600
lelliott@drg-e.com
/
apearson@drg-e.com
GASTAR
ANNOUNCES SALE OF
EAST
TEXAS GATHERING SYSTEM
HOUSTON -
November 17, 2009 - Gastar Exploration Ltd. (NYSE Amex: GST) announced today the
sale of its majority interest in the Hilltop Resort Gathering System to US
Infrastructure LP ("USI"). Signing of definitive agreements and
closing of the sale occurred simultaneously. The Hilltop Resort
Gathering System is comprised of 20 miles of natural gas pipeline connected to
24 Gastar-operated wells, which produce from the middle and lower Bossier and
Knowles formations in East Texas.
Gastar
received proceeds of approximately $21.7 million from the sale of these assets,
net of costs and expenses associated with the transaction.
"The sale
of our stake in the Hilltop system provides an attractive return on our
investment and additional liquidity to pursue our drilling plans in East Texas
and the Marcellus Shale while maintaining a very low level of leverage", said J.
Russell Porter, Gastar's Chairman, CEO and President. "We have a
longstanding and successful relationship with the principals of USI, and we look
forward to continuing to build on this strategic affiliation as they become our
new gathering partner".
About
Gastar Exploration Ltd.
Gastar
Exploration Ltd. is an exploration and production company focused on finding and
developing natural gas assets in North America. The Company pursues a
strategy combining deep natural gas exploration and development with lower risk
shale resource and CBM development. The Company owns and operates
exploration and development acreage in the deep Bossier gas play of East Texas
and Marcellus Shale play in West Virginia and Pennsylvania. Gastar's
CBM activities are conducted within the Powder River Basin of
Wyoming.
###
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919742-000114420411033076-v224429_ex99-1 | EX-99.1
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v224429_ex99-1.htm
Unassociated Document
WORLD SURVEILLANCE GROUP ACQUIRES
GLOBAL TELESAT
Acquisition Provides Diversified Product Strategy and Integrated Surveillance and Communications Solution Opportunities
KENNEDY SPACE CENTER, FL - May 31, 2011 (Marketwire) - World Surveillance Group Inc. (OTCBB: WSGI), a developer of lighter-than-air unmanned aerial vehicles ("UAVs") and related technologies, today announced that it has completed the acquisition of privately-held Global Telesat Corp. ("GTC"). WSGI's acquisition of 100% of the outstanding securities of GTC, making GTC a wholly owned subsidiary of WSGI, is expected to be immediately accretive to WSGI's financial results. The purchase price paid by WSGI for GTC comprised $600,000 in cash, payable in installments, 30 million shares of common stock of WSGI, and an earn-out equal to 5% of any gross revenues related to contracts for the construction by GTC of up to five satellite ground stations.
Formed in 2003, GTC supplies satellite based tracking and communication solutions to the U.S. Government and commercial customers and has grossed over $27 million in revenue since its inception. The integration of GTC's products with WSGI's airships is expected to accelerate and expand the Company's access to the rapidly growing global surveillance and communications market. The acquisition also provides WSGI with a profitable business unit, established government customer relationships and access, a strong, long-term relationship with leading satellite network operator Globalstar Inc. (NASDAQ: GSAT), and the opportunity to expand GTC's product strategy to capture expanding commercial markets. The GTC acquisition is expected to enable the Company to offer unique, turn-key satellite and aerial based tracking, ISR and communications solutions in major expanding markets here and abroad.
GTC will operate as a wholly owned subsidiary of WSGI and will retain its staff, including current President David Phipps, who has entered into an employment agreement and will report directly to WSGI President and CEO Glenn Estrella.
WSGI President and CEO Glenn Estrella stated "The acquisition of GTC creates both a diversified and expanded product strategy for the combined company, with a history of revenue and positive cash flow, and product integration possibilities as we continue to advance our UAV business. The combined operating entity intends on focusing on growing revenues in our commercial and Government customer bases by leveraging our strong partnership and customer relationships".
WSGI Chairman Michael K. Clark stated "The acquisition of GTC is another significant step in the overall strategic plan we continue to implement as we advance WSGI's operations and business. In addition to executing on the integration of the combined entity, we will continue to review opportunities that can provide strategic value for our Company. We are excited by the prospect of expanding the combined company's business on a global scale".
About World Surveillance Group Inc.
World Surveillance Group Inc. (OTCBB: WSGI) designs, develops, markets and sells autonomous, lighter-than-air UAVs capable of carrying payloads that provide persistent security and/or wireless communications solutions at low, mid, and high altitudes. WSGI's airships, when integrated with electronics systems and other high technology payloads, are designed for use by government-related and commercial entities that require real-time intelligence, surveillance and reconnaissance or communications support for military, homeland defense, border control, drug interdiction, natural disaster relief and maritime 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.
About Global Telesat Corp.
GTC provides satellite airtime and tracking services to the U.S. government and defense industry end users and resells airtime and equipment from leading satellite network providers such as Globalstar, Inmarsat, Iridium and Thuraya. GTC specializes in satellite tracking services using the Globalstar satellite network and owns a number of network infrastructure devices containing the signal processing technology that powers the Globalstar Simplex Data Service. GTC's equipment is installed in various ground stations across Africa, Asia, Australia, Europe and South America. For more information regarding GTC, please visit
www.gtc-usa.com
.
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 GTC, including but not limited to, the synergies or benefits that may result from the GTC acquisition, the ability to integrate the products or operations of GTC to provide complete solutions or otherwise, the ability to capitalize on commercial demand for satellite based tracking products or accelerate the Company's access to the global surveillance and communications market or any other market, the size or growth of any market, the ability of the combined entity to leverage relationships with the U.S. Government or other customers to attain contracts or increase revenues, the ability of the Company to expand GTC's product strategy, whether or not the acquisition will be accretive to WSGI's financial results immediately or in the future, and the revenues, cash flows and financial condition of GTC in any future period. Forward-looking statements also include the Company's ability to execute its business plan, achieve commercial success or growth in its business, or accomplish its strategic goals, the capabilities of the Company's products, the outcome of any testing of the Company's products, the Company's ability to capitalize on any future market or acquisition opportunities or to enhance shareholder value. The words "forecast", "project", "intend", "expect", "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'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:
WSGI Corp.
321-452-3545
Barbara Johnson
investors@WSGI.com
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"product",
"strategy",
"to",
"capture",
"expanding",
"commercial",
"markets",
".",
"The",
"GTC",
"acquisition",
"is",
"expected",
"to",
"enable",
"the",
"Company",
"to",
"offer",
"unique",
",",
"turn",
"-",
"key",
"satellite",
"and",
"aerial",
"based",
"tracking",
",",
"ISR",
"and",
"communications",
"solutions",
"in",
"major",
"expanding",
"markets",
"here",
"and",
"abroad",
".",
"GTC",
"will",
"operate",
"as",
"a",
"wholly",
"owned",
"subsidiary",
"of",
"WSGI",
"and",
"will",
"retain",
"its",
"staff",
",",
"including",
"current",
"President",
"David",
"Phipps",
",",
"who",
"has",
"entered",
"into",
"an",
"employment",
"agreement",
"and",
"will",
"report",
"directly",
"to",
"WSGI",
"President",
"and",
"CEO",
"Glenn",
"Estrella",
".",
"WSGI",
"President",
"and",
"CEO",
"Glenn",
"Estrella",
"stated",
"\"",
"The",
"acquisition",
"of",
"GTC",
"creates",
"both",
"a",
"diversified",
"and",
"expanded",
"product",
"strategy",
"for",
"the",
"combined",
"company",
",",
"with",
"a",
"history",
"of",
"revenue",
"and",
"positive",
"cash",
"flow",
",",
"and",
"product",
"integration",
"possibilities",
"as",
"we",
"continue",
"to",
"advance",
"our",
"UAV",
"business",
".",
"The",
"combined",
"operating",
"entity",
"intends",
"on",
"focusing",
"on",
"growing",
"revenues",
"in",
"our",
"commercial",
"and",
"Government",
"customer",
"bases",
"by",
"leveraging",
"our",
"strong",
"partnership",
"and",
"customer",
"relationships",
"\"",
".",
"WSGI",
"Chairman",
"Michael",
"K",
".",
"Clark",
"stated",
"\"",
"The",
"acquisition",
"of",
"GTC",
"is",
"another",
"significant",
"step",
"in",
"the",
"overall",
"strategic",
"plan",
"we",
"continue",
"to",
"implement",
"as",
"we",
"advance",
"WSGI",
"'s",
"operations",
"and",
"business",
".",
"In",
"addition",
"to",
"executing",
"on",
"the",
"integration",
"of",
"the",
"combined",
"entity",
",",
"we",
"will",
"continue",
"to",
"review",
"opportunities",
"that",
"can",
"provide",
"strategic",
"value",
"for",
"our",
"Company",
".",
"We",
"are",
"excited",
"by",
"the",
"prospect",
"of",
"expanding",
"the",
"combined",
"company",
"'s",
"business",
"on",
"a",
"global",
"scale",
"\"",
".",
"About",
"World",
"Surveillance",
"Group",
"Inc",
".",
"World",
"Surveillance",
"Group",
"Inc",
".",
"(",
"OTCBB",
":",
"WSGI",
")",
"designs",
",",
"develops",
",",
"markets",
"and",
"sells",
"autonomous",
",",
"lighter",
"-",
"than",
"-",
"air",
"UAVs",
"capable",
"of",
"carrying",
"payloads",
"that",
"provide",
"persistent",
"security",
"and",
"/",
"or",
"wireless",
"communications",
"solutions",
"at",
"low",
",",
"mid",
",",
"and",
"high",
"altitudes",
".",
"WSGI",
"'s",
"airships",
",",
"when",
"integrated",
"with",
"electronics",
"systems",
"and",
"other",
"high",
"technology",
"payloads",
",",
"are",
"designed",
"for",
"use",
"by",
"government",
"-",
"related",
"and",
"commercial",
"entities",
"that",
"require",
"real",
"-",
"time",
"intelligence",
",",
"surveillance",
"and",
"reconnaissance",
"or",
"communications",
"support",
"for",
"military",
",",
"homeland",
"defense",
",",
"border",
"control",
",",
"drug",
"interdiction",
",",
"natural",
"disaster",
"relief",
"and",
"maritime",
"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",
".",
"About",
"Global",
"Telesat",
"Corp",
".",
"GTC",
"provides",
"satellite",
"airtime",
"and",
"tracking",
"services",
"to",
"the",
"U",
".",
"S",
".",
"government",
"and",
"defense",
"industry",
"end",
"users",
"and",
"resells",
"airtime",
"and",
"equipment",
"from",
"leading",
"satellite",
"network",
"providers",
"such",
"as",
"Globalstar",
",",
"Inmarsat",
",",
"Iridium",
"and",
"Thuraya",
".",
"GTC",
"specializes",
"in",
"satellite",
"tracking",
"services",
"using",
"the",
"Globalstar",
"satellite",
"network",
"and",
"owns",
"a",
"number",
"of",
"network",
"infrastructure",
"devices",
"containing",
"the",
"signal",
"processing",
"technology",
"that",
"powers",
"the",
"Globalstar",
"Simplex",
"Data",
"Service",
".",
"GTC",
"'s",
"equipment",
"is",
"installed",
"in",
"various",
"ground",
"stations",
"across",
"Africa",
",",
"Asia",
",",
"Australia",
",",
"Europe",
"and",
"South",
"America",
".",
"For",
"more",
"information",
"regarding",
"GTC",
",",
"please",
"visit",
"www.gtc-usa.com",
".",
"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",
"GTC",
",",
"including",
"but",
"not",
"limited",
"to",
",",
"the",
"synergies",
"or",
"benefits",
"that",
"may",
"result",
"from",
"the",
"GTC",
"acquisition",
",",
"the",
"ability",
"to",
"integrate",
"the",
"products",
"or",
"operations",
"of",
"GTC",
"to",
"provide",
"complete",
"solutions",
"or",
"otherwise",
",",
"the",
"ability",
"to",
"capitalize",
"on",
"commercial",
"demand",
"for",
"satellite",
"based",
"tracking",
"products",
"or",
"accelerate",
"the",
"Company",
"'s",
"access",
"to",
"the",
"global",
"surveillance",
"and",
"communications",
"market",
"or",
"any",
"other",
"market",
",",
"the",
"size",
"or",
"growth",
"of",
"any",
"market",
",",
"the",
"ability",
"of",
"the",
"combined",
"entity",
"to",
"leverage",
"relationships",
"with",
"the",
"U",
".",
"S",
".",
"Government",
"or",
"other",
"customers",
"to",
"attain",
"contracts",
"or",
"increase",
"revenues",
",",
"the",
"ability",
"of",
"the",
"Company",
"to",
"expand",
"GTC",
"'s",
"product",
"strategy",
",",
"whether",
"or",
"not",
"the",
"acquisition",
"will",
"be",
"accretive",
"to",
"WSGI",
"'s",
"financial",
"results",
"immediately",
"or",
"in",
"the",
"future",
",",
"and",
"the",
"revenues",
",",
"cash",
"flows",
"and",
"financial",
"condition",
"of",
"GTC",
"in",
"any",
"future",
"period",
".",
"Forward",
"-",
"looking",
"statements",
"also",
"include",
"the",
"Company",
"'s",
"ability",
"to",
"execute",
"its",
"business",
"plan",
",",
"achieve",
"commercial",
"success",
"or",
"growth",
"in",
"its",
"business",
",",
"or",
"accomplish",
"its",
"strategic",
"goals",
",",
"the",
"capabilities",
"of",
"the",
"Company",
"'s",
"products",
",",
"the",
"outcome",
"of",
"any",
"testing",
"of",
"the",
"Company",
"'s",
"products",
",",
"the",
"Company",
"'s",
"ability",
"to",
"capitalize",
"on",
"any",
"future",
"market",
"or",
"acquisition",
"opportunities",
"or",
"to",
"enhance",
"shareholder",
"value",
".",
"The",
"words",
"\"",
"forecast",
"\"",
",",
"\"",
"project",
"\"",
",",
"\"",
"intend",
"\"",
",",
"\"",
"expect",
"\"",
",",
"\"",
"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",
"'",
"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",
":",
"WSGI",
"Corp",
".",
"321",
"-",
"452",
"-",
"3545",
"Barbara",
"Johnson",
"investors@WSGI.com"
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"O",
"O",
"O",
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1267395-000126739519000013-exhibit991-aspenxapolloclo | EX-99.1
4
exhibit991-aspenxapolloclo.htm
EXHIBIT 99.1
Exhibit
Exhibit 99.1
PRESS
RELEASE
Investment Funds Affiliated with Apollo Global Management Complete Acquisition of Aspen
Mark Cloutier appointed Aspen's Executive Chairman and
Group Chief Executive Officer
New York and Hamilton, Bermuda, February 15, 2019 - Affiliates of certain investment funds (the "Apollo Funds") managed by affiliates of Apollo Global Management, LLC (together with its consolidated subsidiaries, "Apollo") (NYSE: APO), a leading global alternative investment manager, and Aspen Insurance Holdings Limited ("Aspen") (NYSE: AHL), announced today that the Apollo Funds have completed the previously announced acquisition of Aspen. The transaction, which was first announced on August 28, 2018, closed following receipt of regulatory approvals and the approval of Aspen's shareholders.
Under the terms of the previously announced agreement and plan of merger, the Apollo Funds have acquired all of the outstanding ordinary shares of Aspen for $42.75 per share in cash, representing an equity value of approximately $2.6 billion.
Aspen is now wholly owned by the Apollo Funds, and Aspen's ordinary shares have ceased trading on the New York Stock Exchange (the "NYSE") and the Bermuda Stock Exchange with effect from February 15, 2019. Aspen's 5.95% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares and 5.625% Perpetual Non-Cumulative Preference Shares will remain issued and outstanding and listed on the NYSE.
Glyn Jones has stepped down from his position as Chairman of Aspen's Board and Chris O'Kane has stepped down as Group Chief Executive Officer and as a Director with immediate effect. Mark Cloutier has been appointed as Executive Chairman of Aspen's Board and Group Chief Executive Officer with immediate effect.
In addition to Glyn Jones and Chris O'Kane, Albert Beer, Matthew Botein, Gary Gregg, Heidi Hutter, Karl Mayr, Bret Pearlman and Ron Pressman have also ceased to be directors on the Aspen Board with immediate effect. John Cavoores and Gordon Ireland will remain as Directors on the Aspen Board and will be joined by Josh Black, Alex Humphreys, Gernot Lohr, Gary Parr and Michael Saffer, each of whom have been appointed to the Aspen Board (in addition to Mark Cloutier) with immediate effect.
Alex Humphreys, Partner at Apollo, commented: "We are excited for our funds to be acquiring Aspen as it embarks on the next chapter of its development. We are delighted to be working with Mark again
1
following our successful investment together in Brit Insurance. Mark has a long and successful track-record in the insurance sector and we believe he is ideally placed to lead Aspen through a period of transition to substantially improved profitability. We look forward to working with him and Aspen's talented management team to drive value creation over the coming years".
Chris O'Kane said: "Seventeen years ago, with 38 colleagues, $600 million of assets and a vision, we formed Aspen. As a result of hard work, determination and an unwavering dedication to our clients, Aspen is now a force in the reinsurance and insurance markets with over $12 billion of assets and around 1,150 employees. I am extremely proud of our accomplishments and I cherish the relationships and friendships, both within Aspen and in the broader market, which we formed along the way. I would like to thank all my colleagues at Aspen as well as our clients and brokers for all their considerable support over the years and it delights me to see Aspen poised to go from strength to strength under the new leadership of Mark Cloutier. I wish Mark and Aspen every success for the future".
Mark Cloutier added: "I am honored to be appointed as the next CEO of Aspen. I truly believe that the company benefits from strong underwriting talent and specialized expertise, which makes it ideally positioned to deliver innovative solutions to the increasingly complex risks faced by its customers. I am very excited about what Aspen can achieve in the coming years. I would like to thank Chris for his key role and support over the last few months and for making the transition from public to private so seamless. He has built an impressive franchise over the past 17 years and we wish him well in his future endeavors".
Apollo was advised by Willis Towers Watson and Libero Ventures and Sidley Austin LLP served as its legal counsel on this transaction. Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC acted as financial advisors to Aspen and Willkie Farr & Gallagher LLP served as its legal counsel on this transaction.
- ENDS -
NOTES TO EDITORS:
About Apollo
Apollo is a leading global alternative investment manager with offices in New York, Los Angeles, San Diego, Houston, Bethesda, London, Frankfurt, Madrid, Luxembourg, Mumbai, Delhi, Singapore, Hong Kong, Shanghai and Tokyo. Apollo had assets under management of approximately $280 billion as of December 31, 2018 in private equity, credit and real assets funds invested across a core group of nine industries where Apollo has considerable knowledge and resources. For more information about Apollo, please visit
www.apollo.com
.
About Aspen Insurance Holdings Limited
Aspen provides reinsurance and insurance coverage to clients in various domestic and global markets through wholly-owned subsidiaries and offices in Australia, Bermuda, Canada, Ireland, Singapore, Switzerland, the United Arab Emirates, the United Kingdom and the United States. For the year ended December 31, 2018, Aspen reported $12.5 billion in total assets, $7.1 billion in gross reserves, $2.7 billion in total shareholders' equity and $3.4 billion in gross written premiums. Aspen's operating subsidiaries have been assigned a rating of "A" by Standard & Poor's Financial Services LLC ("S&P"), an "A" ("Excellent") by A.M. Best Company Inc. ("A.M. Best") and an "A2" by Moody's Investors Service, Inc. ("Moody's"). For more information about Aspen, please visit
www.aspen.co
.
About Mark Cloutier
Mark Cloutier has over 35 years of experience working in the international insurance and reinsurance sector in multiple jurisdictions and most recently, he served as Executive Chairman and Chief Executive Officer of the Brit Group. Prior to this, he held a number of CEO and senior executive positions, including CEO of the Alea Group, CEO of Overseas Partners Re and President of E.W. Blanch Insurance Services Inc. He has been a member of the Franchise Board and Audit committee of the Society of Lloyd's since February 2015 and was appointed to the Nominations and Governance Committee in February 2017. During his career, Mark has worked with a variety of private equity investors including Apollo Management International LP, CVC Capital Partners, Kohlberg Kravis Roberts (KKR) and Fortress.
2
Cautionary Statement Regarding Forward-Looking Statements:
This communication and other written or oral statements made by or on behalf of Aspen contain 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, that are made under the "safe harbor" provisions of The Private Securities Litigation Reform Act of 1995. In particular, statements using words such as "may", "seek", "will", "likely", "assume", "estimate", "expect", "anticipate", "intend", "believe", "do not believe", "aim", "predict", "plan", "project", "continue", "potential", "guidance", "objective", "outlook", "trends", "future", "could", "would", "should", "target", "on track" or their negatives or variations, and similar terminology and words of similar import, generally involve future or forward-looking statements. Forward-looking statements reflect Aspen's current views, plans or expectations with respect to future events and financial performance. They are inherently subject to significant business, economic, competitive and other risks, uncertainties and contingencies. The inclusion of forward-looking statements in this or any other communication should not be considered as a representation by Aspen or any other person that current plans or expectations will be achieved. Forward-looking statements speak only as of the date on which they are made, and Aspen undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as otherwise required by law.
There are or will be important factors that could cause actual results to differ materially from those expressed in any such forward-looking statements, including but not limited factors affecting future results disclosed in Aspen's filings with the SEC, including but not limited to those discussed under Item 1A, "Risk Factors", in Aspen's Annual Report on Form 10-K for the year ended December 31, 2018, which is incorporated herein by reference.
CONTACTS:
For Apollo Global Management
For investors please contact:
Gary M. Stein
Head of Corporate Communications
Apollo Global Management, LLC
(212) 822-0467
gstein@apollo.com
For media enquiries please contact:
Charles Zehren
Rubenstein Associates, Inc. for Apollo Global Management, LLC
(212) 843-8590
czehren@rubenstein.com
For Aspen Insurance Holdings
For investors please contact:
Mark Jones, +1 646-289-4945
Senior Vice President, Investor Relations
mark.p.jones@aspen.co
For media enquiries please contact:
Steve Colton, +44 20 7184 8337
Global Head of Communications
steve.colton@aspen.co
3
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"all",
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"considerable",
"support",
"over",
"the",
"years",
"and",
"it",
"delights",
"me",
"to",
"see",
"Aspen",
"poised",
"to",
"go",
"from",
"strength",
"to",
"strength",
"under",
"the",
"new",
"leadership",
"of",
"Mark",
"Cloutier",
".",
"I",
"wish",
"Mark",
"and",
"Aspen",
"every",
"success",
"for",
"the",
"future",
"\"",
".",
"Mark",
"Cloutier",
"added",
":",
"\"",
"I",
"am",
"honored",
"to",
"be",
"appointed",
"as",
"the",
"next",
"CEO",
"of",
"Aspen",
".",
"I",
"truly",
"believe",
"that",
"the",
"company",
"benefits",
"from",
"strong",
"underwriting",
"talent",
"and",
"specialized",
"expertise",
",",
"which",
"makes",
"it",
"ideally",
"positioned",
"to",
"deliver",
"innovative",
"solutions",
"to",
"the",
"increasingly",
"complex",
"risks",
"faced",
"by",
"its",
"customers",
".",
"I",
"am",
"very",
"excited",
"about",
"what",
"Aspen",
"can",
"achieve",
"in",
"the",
"coming",
"years",
".",
"I",
"would",
"like",
"to",
"thank",
"Chris",
"for",
"his",
"key",
"role",
"and",
"support",
"over",
"the",
"last",
"few",
"months",
"and",
"for",
"making",
"the",
"transition",
"from",
"public",
"to",
"private",
"so",
"seamless",
".",
"He",
"has",
"built",
"an",
"impressive",
"franchise",
"over",
"the",
"past",
"17",
"years",
"and",
"we",
"wish",
"him",
"well",
"in",
"his",
"future",
"endeavors",
"\"",
".",
"Apollo",
"was",
"advised",
"by",
"Willis",
"Towers",
"Watson",
"and",
"Libero",
"Ventures",
"and",
"Sidley",
"Austin",
"LLP",
"served",
"as",
"its",
"legal",
"counsel",
"on",
"this",
"transaction",
".",
"Goldman",
"Sachs",
"&",
"Co",
".",
"LLC",
"and",
"J",
".",
"P",
".",
"Morgan",
"Securities",
"LLC",
"acted",
"as",
"financial",
"advisors",
"to",
"Aspen",
"and",
"Willkie",
"Farr",
"&",
"Gallagher",
"LLP",
"served",
"as",
"its",
"legal",
"counsel",
"on",
"this",
"transaction",
".",
"-",
"ENDS",
"-",
"NOTES",
"TO",
"EDITORS",
":",
"About",
"Apollo",
"Apollo",
"is",
"a",
"leading",
"global",
"alternative",
"investment",
"manager",
"with",
"offices",
"in",
"New",
"York",
",",
"Los",
"Angeles",
",",
"San",
"Diego",
",",
"Houston",
",",
"Bethesda",
",",
"London",
",",
"Frankfurt",
",",
"Madrid",
",",
"Luxembourg",
",",
"Mumbai",
",",
"Delhi",
",",
"Singapore",
",",
"Hong",
"Kong",
",",
"Shanghai",
"and",
"Tokyo",
".",
"Apollo",
"had",
"assets",
"under",
"management",
"of",
"approximately",
"$",
"280 billion",
"as",
"of",
"December",
"31",
",",
"2018",
"in",
"private",
"equity",
",",
"credit",
"and",
"real",
"assets",
"funds",
"invested",
"across",
"a",
"core",
"group",
"of",
"nine",
"industries",
"where",
"Apollo",
"has",
"considerable",
"knowledge",
"and",
"resources",
".",
"For",
"more",
"information",
"about",
"Apollo",
",",
"please",
"visit",
"www.apollo.com",
".",
"About",
"Aspen",
"Insurance",
"Holdings",
"Limited",
"Aspen",
"provides",
"reinsurance",
"and",
"insurance",
"coverage",
"to",
"clients",
"in",
"various",
"domestic",
"and",
"global",
"markets",
"through",
"wholly",
"-",
"owned",
"subsidiaries",
"and",
"offices",
"in",
"Australia",
",",
"Bermuda",
",",
"Canada",
",",
"Ireland",
",",
"Singapore",
",",
"Switzerland",
",",
"the",
"United",
"Arab",
"Emirates",
",",
"the",
"United",
"Kingdom",
"and",
"the",
"United",
"States",
".",
"For",
"the",
"year",
"ended",
"December",
"31",
",",
"2018",
",",
"Aspen",
"reported",
"$",
"12.5 billion",
"in",
"total",
"assets",
",",
"$",
"7.1 billion",
"in",
"gross",
"reserves",
",",
"$",
"2.7 billion",
"in",
"total",
"shareholders",
"'",
"equity",
"and",
"$",
"3.4 billion",
"in",
"gross",
"written",
"premiums",
".",
"Aspen",
"'",
"s",
"operating",
"subsidiaries",
"have",
"been",
"assigned",
"a",
"rating",
"of",
"\"",
"A",
"\"",
"by",
"Standard",
"&",
"Poor",
"'",
"s",
"Financial",
"Services",
"LLC",
"(",
"\"",
"S",
"&",
"P",
"\"",
")",
",",
"an",
"\"",
"A",
"\"",
"(",
"\"",
"Excellent",
"\"",
")",
"by",
"A",
".",
"M",
".",
"Best",
"Company",
"Inc",
".",
"(",
"\"",
"A",
".",
"M",
".",
"Best",
"\"",
")",
"and",
"an",
"\"",
"A2",
"\"",
"by",
"Moody",
"'",
"s",
"Investors",
"Service",
",",
"Inc",
".",
"(",
"\"",
"Moody",
"'",
"s",
"\"",
")",
".",
"For",
"more",
"information",
"about",
"Aspen",
",",
"please",
"visit",
"www.aspen.co",
".",
"About",
"Mark",
"Cloutier",
"Mark",
"Cloutier",
"has",
"over",
"35",
"years",
"of",
"experience",
"working",
"in",
"the",
"international",
"insurance",
"and",
"reinsurance",
"sector",
"in",
"multiple",
"jurisdictions",
"and",
"most",
"recently",
",",
"he",
"served",
"as",
"Executive",
"Chairman",
"and",
"Chief",
"Executive",
"Officer",
"of",
"the",
"Brit",
"Group",
".",
"Prior",
"to",
"this",
",",
"he",
"held",
"a",
"number",
"of",
"CEO",
"and",
"senior",
"executive",
"positions",
",",
"including",
"CEO",
"of",
"the",
"Alea",
"Group",
",",
"CEO",
"of",
"Overseas",
"Partners",
"Re",
"and",
"President",
"of",
"E",
".",
"W",
".",
"Blanch",
"Insurance",
"Services",
"Inc",
".",
"He",
"has",
"been",
"a",
"member",
"of",
"the",
"Franchise",
"Board",
"and",
"Audit",
"committee",
"of",
"the",
"Society",
"of",
"Lloyd",
"'",
"s",
"since",
"February",
"2015",
"and",
"was",
"appointed",
"to",
"the",
"Nominations",
"and",
"Governance",
"Committee",
"in",
"February",
"2017",
".",
"During",
"his",
"career",
",",
"Mark",
"has",
"worked",
"with",
"a",
"variety",
"of",
"private",
"equity",
"investors",
"including",
"Apollo",
"Management",
"International",
"LP",
",",
"CVC",
"Capital",
"Partners",
",",
"Kohlberg",
"Kravis",
"Roberts",
"(",
"KKR",
")",
"and",
"Fortress",
".",
"2",
"Cautionary",
"Statement",
"Regarding",
"Forward",
"-",
"Looking",
"Statements",
":",
"This",
"communication",
"and",
"other",
"written",
"or",
"oral",
"statements",
"made",
"by",
"or",
"on",
"behalf",
"of",
"Aspen",
"contain",
"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",
",",
"that",
"are",
"made",
"under",
"the",
"\"",
"safe",
"harbor",
"\"",
"provisions",
"of",
"The",
"Private",
"Securities",
"Litigation",
"Reform",
"Act",
"of",
"1995",
".",
"In",
"particular",
",",
"statements",
"using",
"words",
"such",
"as",
"\"",
"may",
"\"",
",",
"\"",
"seek",
"\"",
",",
"\"",
"will",
"\"",
",",
"\"",
"likely",
"\"",
",",
"\"",
"assume",
"\"",
",",
"\"",
"estimate",
"\"",
",",
"\"",
"expect",
"\"",
",",
"\"",
"anticipate",
"\"",
",",
"\"",
"intend",
"\"",
",",
"\"",
"believe",
"\"",
",",
"\"",
"do",
"not",
"believe",
"\"",
",",
"\"",
"aim",
"\"",
",",
"\"",
"predict",
"\"",
",",
"\"",
"plan",
"\"",
",",
"\"",
"project",
"\"",
",",
"\"",
"continue",
"\"",
",",
"\"",
"potential",
"\"",
",",
"\"",
"guidance",
"\"",
",",
"\"",
"objective",
"\"",
",",
"\"",
"outlook",
"\"",
",",
"\"",
"trends",
"\"",
",",
"\"",
"future",
"\"",
",",
"\"",
"could",
"\"",
",",
"\"",
"would",
"\"",
",",
"\"",
"should",
"\"",
",",
"\"",
"target",
"\"",
",",
"\"",
"on",
"track",
"\"",
"or",
"their",
"negatives",
"or",
"variations",
",",
"and",
"similar",
"terminology",
"and",
"words",
"of",
"similar",
"import",
",",
"generally",
"involve",
"future",
"or",
"forward",
"-",
"looking",
"statements",
".",
"Forward",
"-",
"looking",
"statements",
"reflect",
"Aspen",
"'s",
"current",
"views",
",",
"plans",
"or",
"expectations",
"with",
"respect",
"to",
"future",
"events",
"and",
"financial",
"performance",
".",
"They",
"are",
"inherently",
"subject",
"to",
"significant",
"business",
",",
"economic",
",",
"competitive",
"and",
"other",
"risks",
",",
"uncertainties",
"and",
"contingencies",
".",
"The",
"inclusion",
"of",
"forward",
"-",
"looking",
"statements",
"in",
"this",
"or",
"any",
"other",
"communication",
"should",
"not",
"be",
"considered",
"as",
"a",
"representation",
"by",
"Aspen",
"or",
"any",
"other",
"person",
"that",
"current",
"plans",
"or",
"expectations",
"will",
"be",
"achieved",
".",
"Forward",
"-",
"looking",
"statements",
"speak",
"only",
"as",
"of",
"the",
"date",
"on",
"which",
"they",
"are",
"made",
",",
"and",
"Aspen",
"undertakes",
"no",
"obligation",
"to",
"publicly",
"update",
"or",
"revise",
"any",
"forward",
"-",
"looking",
"statement",
",",
"whether",
"as",
"a",
"result",
"of",
"new",
"information",
",",
"future",
"developments",
"or",
"otherwise",
",",
"except",
"as",
"otherwise",
"required",
"by",
"law",
".",
"There",
"are",
"or",
"will",
"be",
"important",
"factors",
"that",
"could",
"cause",
"actual",
"results",
"to",
"differ",
"materially",
"from",
"those",
"expressed",
"in",
"any",
"such",
"forward",
"-",
"looking",
"statements",
",",
"including",
"but",
"not",
"limited",
"factors",
"affecting",
"future",
"results",
"disclosed",
"in",
"Aspen",
"'s",
"filings",
"with",
"the",
"SEC",
",",
"including",
"but",
"not",
"limited",
"to",
"those",
"discussed",
"under",
"Item",
"1A",
",",
"\"",
"Risk",
"Factors",
"\"",
",",
"in",
"Aspen",
"'s",
"Annual",
"Report",
"on",
"Form",
"10",
"-",
"K",
"for",
"the",
"year",
"ended",
"December",
"31",
",",
"2018",
",",
"which",
"is",
"incorporated",
"herein",
"by",
"reference",
".",
"CONTACTS",
":",
"For",
"Apollo",
"Global",
"Management",
"For",
"investors",
"please",
"contact",
":",
"Gary",
"M.",
"Stein",
"Head",
"of",
"Corporate",
"Communications",
"Apollo",
"Global",
"Management",
",",
"LLC",
"(",
"212",
")",
"822",
"-",
"0467",
"gstein@apollo.com",
"For",
"media",
"enquiries",
"please",
"contact",
":",
"Charles",
"Zehren",
"Rubenstein",
"Associates",
",",
"Inc",
".",
"for",
"Apollo",
"Global",
"Management",
",",
"LLC",
"(",
"212",
")",
"843",
"-",
"8590",
"czehren@rubenstein.com",
"For",
"Aspen",
"Insurance",
"Holdings",
"For",
"investors",
"please",
"contact",
":",
"Mark",
"Jones",
",",
"+",
"1",
"646",
"-",
"289",
"-",
"4945",
"Senior",
"Vice",
"President",
",",
"Investor",
"Relations",
"mark.p.jones@aspen.co",
"For",
"media",
"enquiries",
"please",
"contact",
":",
"Steve",
"Colton",
",",
"+",
"44",
"20",
"7184",
"8337",
"Global",
"Head",
"of",
"Communications",
"steve.colton@aspen.co",
"3"
] | [
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"B-Parties.BUYING_COMPANY",
"I-Parties.BUYING_COMPANY",
"I-Parties.BUYING_COMPANY",
"O",
"O",
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"I-Parties.ACQUIRED_COMPANY",
"O",
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"O",
"O",
"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"O",
"B-Parties.BUYING_COMPANY",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
"B-Parties.BUYING_COMPANY",
"I-Parties.BUYING_COMPANY",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"O",
"O",
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"O",
"O",
"O",
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"O",
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"O",
"O",
"O",
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"O",
"O",
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"O",
"O",
"O",
"O",
"O",
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"O",
"O",
"O",
"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"O",
"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"O",
"O",
"O",
"O",
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"O",
"O",
"O",
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"O",
"O",
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"O",
"O",
"O",
"O",
"O",
"O",
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"O",
"O",
"O",
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"O",
"O",
"O",
"O",
"O",
"O",
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"O",
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"O",
"O",
"O",
"O",
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"O",
"O",
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"O",
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"O",
"O",
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1282613-000114420405034616-v028643_ex99-1 | EX-99.1
29
v028643_ex99-1.htm
Unassociated Document
ETERNAL
ENERGY CORP. COMPLETES ACQUISITION OF PARTICIPATION
RIGHTS TO A JOINT VENTURE
IN OIL AND GAS EXPLORATION
Littleton,
Colorado November 9, 2005: Eternal Energy Corp.,-OTC: EERG (formerly known
as
Golden Hope Resources Corp. (GHPR)) announced
that it had completed an acquisition of rights to acquire a fifty percent
interest in a joint venture with Eden Energy Corp., a Nevada corporation,
for
acquiring oil and gas leases and drilling wells to explore oil and
natural gas reserves on the Big Sand Spring Valley Prospect located in eastern
Nevada. The oil and gas leases cover approximately 82,184 gross acres of
property in Nye County, Nevada. The acquisition was completed through the
merger
of the company's wholly owned subsidiary into the company, with the company as
the surviving corporation, effective on November 7, 2005. Pursuant to the
terms
of a purchase and sale agreement with Merganser Limited, the company will
issues
shares of its common stock to Merganser, based on net proved oil reserves,
in
exchange for all of Merganser's rights and interests to participate in the joint
venture. Under the terms of the participation agreement between Eden and
Merganser, after the initial consideration to Eden is fully paid, all subsequent
costs are to be borne fifty percent by Eden and fifty percent by Merganser
and
ownership of the oil leases and any additional acreage will be owned fifty
percent by Merganser and fifty percent by Eden. As a result of the transaction,
the company acquired all of Merganser's rights under the participation agreement
with Eden.
The
company also announced that it raised approximately $1,126,000 of financing
in a
private placement from issuance of its common stock and warrants to purchase
common stock to accredited investors. The private placement closed on November
7, 2005. The proceeds will be used to pay for a portion of the consideration
in
the acquisition of the rights to the joint venture and the remaining proceeds
will be used for general working capital. None
of
the shares of common stock or the shares underlying the warrants was registered
under the Securities Act of 1933. Accordingly, none of such shares
may be
offered or sold in the United States, except pursuant to an effective
registration statement or an applicable exemption from the registration
requirements of the Securities Act. The Company has agreed to file
a
registration statement covering the resale by the investors of the
shares.
This
press release shall not constitute an offer to sell or the solicitation
of an
offer to buy the common stock. This private placement was made
by the
Company and any opportunity to participate in the private placement was
available to a very limited group of accredited investors.
About
Eternal Energy Corp.:
Eternal
Energy Corp. (formerly known as Golden Hope Resources Corp.) is an exploration
stage oil and gas company engaged in the exploration for petroleum and natural
gas in the State of Nevada. The corporation was incorporated in the Nevada
on
July 25, 2003 to engage in the acquisition, exploration and development of
natural resource properties.
The
Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for
forward-looking statements. Certain information included in this press release
contains statements that are forward-looking, such as statements related
to the
future anticipated direction of the industry, plans for future expansion,
various business development activities, planned capital expenditures, future
funding sources, anticipated sales growth, and potential contracts. Such
forward-looking information involves important risks and uncertainties that
could significantly affect anticipated results in the future and, accordingly,
such results may differ from those expressed in any forward-looking statements
made by, or on behalf of Eternal Energy Corp. These risks and uncertainties
include, but are not limited to, those relating to development and expansion
activities, dependence on existing management, financing activities, and
domestic and global economic conditions.
Contact:
Eternal
Energy Corp.
Attention:
Bradley M. Colby
Phone:
(303) 385-1230
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2488-000000248816000127-q12016jvaccountingout99c | EX-99.2
3
q12016jvaccountingout99c.htm
EXHIBIT 99.2
q12016jvaccountingout99c
| AMD JOINT VENTURE ACCOUNTING TREATMENT | APRIL 29, 2016 1 The ATMP JV will be accounted for under the equity method of accounting after close. AMD's investment in the ATMP JV will be initially recorded at fair value on the balance sheet and going forward will be adjusted upwards or downwards based on our equity income or loss under the equity method of accounting. Income Statement: A one-time gain will be recorded on AMD's income statement related to the JV in Q2 2016. - The gain recorded will represent excess of cash received over the net book value of the net assets disposed of, the excess of the fair value of retained interest in the JV over the net book value of the retained interest and net of transaction expenses. - Such gain will be recorded below Operating Income (Loss), in the Other Income (Expense), net, line of our income statement. Income Statement: Equity income (loss) of investee - AMD's share of 15% in the ATMP JV's net income or loss will be recognized as part of the "Equity income (loss) of investee" line item in AMD's income statement. Balance Sheet - Upon close, all accounts related to the ATMP JV on AMD's consolidated balance sheet will be collapsed into one line called "Investment in ATMP Joint Venture", a non-current asset. - Assets and Liabilities held for sale will be reduced to zero. AMD'S ACCOUNTING TREATMENT OF THE SALE OF A MAJORITY OF THE EQUITY INTERESTS IN AMD TECHNOLOGIES (CHINA) CO. LTD. AND ADVANCED MICRO DEVICES EXPORT SDN. BHD.
| AMD JOINT VENTURE ACCOUNTING TREATMENT | APRIL 29, 2016 2 AMD STATEMENT OF OPERATIONS ADVANCED MICRO DEVICES, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Millions except per share amounts and percentages) Three Months Ended June 25, 2016 Net revenue Cost of sales Gross margin Gross margin % Research and development Marketing, general and administrative Amortization of acquired intangible assets Restructuring and other special charges, net Licensing gain Operating income (loss) Interest expense Other income (expense), net Income (loss) before equity income (loss) and income taxes Equity income (loss) of investee Provision for income taxes Net income (loss) Net earnings (loss) per share
| AMD JOINT VENTURE ACCOUNTING TREATMENT | APRIL 29, 2016 3 AMD BALANCE SHEET ADVANCED MICRO DEVICES, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Millions) June 25, 2016 Assets Current assets: Cash and cash equivalents Accounts receivable, net Inventories, net Prepayment and other - GLOBALFOUNDRIES Prepaid expenses Other current assets Total current assets Property, plant and equipment, net Investment in ATMP Joint Venture Goodwill Other assets Total Assets Liabilities and Stockholders' Equity (Deficit) Current liabilities: Short-term debt Accounts payable Payable to GLOBALFOUNDRIES Accrued liabilities Other current liabilities Deferred income on shipments to distributors Total current liabilities Long-term debt Other long-term liabilities Stockholders' equity (deficit): Capital stock: Common stock, par value Additional paid-in capital Treasury stock, at cost Accumulated deficit Accumulated other comprehensive loss Total Stockholders' equity (deficit) Total Liabilities and Stockholders' Equity (Deficit)
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43196-000143774914011158-ex99-1 | EX-99
3
ex99-1.htm
EXHIBIT 99.1
ex99-1.htm
Exhibit 99.1
NEWS RELEASE
Gray Closes Hoak Acquisition and Completes Refinancing of its Senior Credit Facility
Atlanta, Georgia - June 13, 2014... Gray Television, Inc. ("Gray", "we", "us" or "our") (NYSE: GTN and GTN.A)
today announced that it completed a series of transactions (the "Hoak Acquisition") that resulted in Gray acquiring 12 television stations and programming of three additional television stations from Hoak Media, LLC ("Hoak") and Parker Broadcasting, Inc. ("Parker"). In addition, Gray completed the refinancing of its senior credit facility, which now consists of a seven-year $525 million term loan facility and a five-year $50 million revolving credit facility. The proceeds from the term loan were used primarily to complete the Hoak Acquisition for approximately $306 million including working capital adjustments and to refinance $159 million outstanding under our previously existing term loan, pay transaction fees and expenses, and for other general corporate purposes. We did not draw any amounts under the refinanced revolving credit facility.
The Hoak Acquisition significantly expanded Gray's growing portfolio of market-leading owned and/or operated television stations with the acquisition of the following television stations:
STATION
AFFILIATION
MARKET
MARKET
RANK
KSFY
ABC
Sioux Falls, SD
111
KABY*
ABC
Sioux Falls, SD
111
KPRY*
ABC
Sioux Falls, SD
111
KVLY
NBC
Fargo-Valley City, ND
116
KNOE
CBS
Monroe- El Dorado, LA
137
KFYR
NBC
Minot-Bismarck-Dickinson, ND
145
KMOT*
NBC
Minot-Bismarck-Dickinson, ND
145
KUMV*
NBC
Minot-Bismarck-Dickinson, ND
145
KQCD*
NBC
Minot-Bismarck-Dickinson, ND
145
KALB
NBC/CBS
Alexandria, LA
179
KNOP
NBC
North Platte, NE
208
KIIT-LP
FOX
North Platte, NE
208
* satellite station
When announcing the Hoak Acquisition on November 20, 2013, Gray reported that Excalibur Broadcasting, LLC ("Excalibur") would acquire five television stations in existing or future Gray markets from Hoak, Parker, and Prime Cities Broadcasting, Inc. ("Prime Cities"), and that Gray would operate these stations through shared services agreements. As a result of new FCC policies announced and imposed after the parties entered into those agreements, Excalibur and its counter-parties have abandoned those transactions.
4370 Peachtree Road, NE, Atlanta, GA 30319 | P 404.504.9828 F 404.261.9607 | www.gray.tv
Nevertheless, Gray has secured alternative agreements with Hoak, Parker, and Prime Cities whereby Gray will be able to attain the economic benefits sought in the original set of agreements. In particular:
●
KHAS-TV, Lincoln-Hastings, Nebraska: Late last night, KHAS-TV ceased broadcasting. This morning, Hoak transferred to Gray all of the station's affiliation, programming, and operational agreements, as well as its tower, studio, and other tangible and intangible assets other than its FCC license and transmission equipment. At the same time, Gray hired KHAS-TV's employees. To preserve and expand NBC programming in the market, Gray launched a new "NBC Nebraska" service on the primary channel of one of its own stations in the Lincoln-Hastings, Nebraska market, KSNB-TV. To accommodate the new NBC service on KSNB-TV's primary channel, Gray moved the station's pre-existing program line-up consisting of MeTV Network, My Network, local news and other programming to KSNB-TV's channel 4.2.
●
KNDX-TV/KXND-TV, Minot-Bismarck, North Dakota: Last month, Gray announced that it had acquired certain assets associated with KNDX-TV and KXND-TV, the Prime Cities stations operating as the Fox affiliate for the Minot-Bismarck, North Dakota market. Late last night, Prime Cities ceased broadcasting KNDX-TV in Bismarck and KXND-TV in Minot. Prime Cities, however, continued regular broadcasts on its low power stations in the Minot-Bismarck market, which are operated by Gray pursuant to a local marketing agreement until Gray completes its acquisition of the licenses of these low power stations.
Early this morning, KFYR-TV and the other NBC affiliated stations acquired by Gray in the Minot-Bismarck market began simulcasting the signals of the low power stations on their multicast channels. Consequently, the Fox and other programming previously offered by Prime Cities are now available from the Gray-owned and NBC affiliated stations in the market. The Fox operation will continue to be known as "KNDX" and "Western Dakota Fox".
●
KXJB-TV (CBS) Fargo, North Dakota, and KAQY-TV (ABC), Monroe, Louisiana. As a result of the Hoak Acquisition, Gray assumed essentially all of Hoak's contracts. Included in those contracts were Hoak's rights to provide back-office services and limited programming to Parker's KXJB-TV and KAQY-TV through the former Hoak (now Gray) television stations located in Fargo and Monroe, respectively.
Gray has now closed on all previously announced transactions, other than its proposed acquisition of three television stations in Montana for approximately $2.0 million announced on May 7, 2014. (Gray operates two of these stations through a pre-closing local marketing agreement and sells advertising for the third station through a pre-existing joint sales agreement.) Including these Montana television stations, Gray now owns and/or operates television stations in 42 television markets broadcasting 139 program streams including 75 affiliates of the Big Four networks (ABC, CBS, NBC and FOX). We own and/or operate the number-one ranked television station in 28 of those 42 markets and the number-one or number-two ranked television station operations in 38 of those 42 markets.
Wells Fargo Securities, LLC served as financial advisor and Cooley LLP served as primary legal counsel for Gray on the Hoak transactions. Jack Goodman served as legal counsel for Excalibur. Moelis & Company LLC served as financial advisor and Akin Gump Strauss Hauer and Feld, LLP served as primary legal counsel for Hoak. Kepper, Tupper & Company served as financial advisor and Denton served as primary legal counsel for Prime Cities.
Page 2 of 3
Wells Fargo Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and RBC Capital Markets
1
served as the lead arrangers for Gray's amended senior credit facility, and Jones Day served as principal legal counsel to Gray for the financing transactions.
About Gray Television, Inc.
We are a television broadcast company headquartered in Atlanta, Georgia, that owns and/or operates television stations and leading digital assets in markets throughout the United States. Upon completion of all pending transactions, we will own and/or operate television stations in 42 television markets broadcasting 139 program streams including 75 affiliates of the Big Four networks (ABC, CBS, NBC and FOX). At that time, our owned and/or operated stations will include twenty-seven channels affiliated with the CBS Network, twenty-four channels affiliated with the NBC Network, fourteen channels affiliated with the ABC Network and ten channels affiliated with the FOX Network. We will then own and/or operate the number-one ranked television station in 28 of those 42 markets and the number-one or number-two ranked television station operations in 38 of those 42 markets. We will reach approximately 7.4 percent of total United States television households.
Cautionary Statements for Purposes of the "Safe Harbor" Provisions of the Private Securities Litigation Reform Act
This press release contains statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the federal securities laws. These "forward-looking statements" are not statements of historical facts, and may include, among other things, statements about our recently completed and pending acquisitions. Actual results are subject to a number of risks and uncertainties and may differ materially from the current expectations and beliefs discussed in this press release. All information set forth in this release is as of June 13, 2014. We do not intend, and undertake no duty, to update this information to reflect future events or circumstances. Information about certain potential factors that could affect our business and financial results and cause actual results to differ materially from those expressed or implied in any forward-looking statements are included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations", in our Annual Report on Form 10-K for the year ended December 31, 2013 and our Quarterly Report on Form 10-Q for the quarter ended March 31, 2014, each of which is on file with the U.S. Securities and Exchange Commission ("SEC") and available at the SEC's website at www.sec.gov, as well as future reports we file with the SEC.
CONTACTS:
Hilton H. Howell, Jr., President and Chief Executive Officer, 404-266-5512
Jim Ryan, Senior Vice President and Chief Financial Officer, 404-504-9828
Kevin P. Latek, Senior Vice President, Business Affairs, 404-266-8333
Web Site: www.gray.tv
1
RBC Capital Markets is a brand name for the capital markets businesses of Royal Bank of Canada and its affiliates.
Page 3 of 3
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",",
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",",
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",",
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",",
"CBS",
",",
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",",
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"/",
"or",
"operated",
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"will",
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"channels",
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",",
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"affiliated",
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",",
"fourteen",
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"ten",
"channels",
"affiliated",
"with",
"the",
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"Network",
".",
"We",
"will",
"then",
"own",
"and",
"/",
"or",
"operate",
"the",
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"-",
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"42",
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".",
"We",
"will",
"reach",
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"7",
".",
"4",
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"of",
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"States",
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".",
"Cautionary",
"Statements",
"for",
"Purposes",
"of",
"the",
"\"",
"Safe",
"Harbor",
"\"",
"Provisions",
"of",
"the",
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"Securities",
"Litigation",
"Reform",
"Act",
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"press",
"release",
"contains",
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"\"",
"forward",
"-",
"looking",
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"\"",
"within",
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"Securities",
"Litigation",
"Reform",
"Act",
"of",
"1995",
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"the",
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"securities",
"laws",
".",
"These",
"\"",
"forward",
"-",
"looking",
"statements",
"\"",
"are",
"not",
"statements",
"of",
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"facts",
",",
"and",
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"include",
",",
"among",
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",",
"statements",
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"completed",
"and",
"pending",
"acquisitions",
".",
"Actual",
"results",
"are",
"subject",
"to",
"a",
"number",
"of",
"risks",
"and",
"uncertainties",
"and",
"may",
"differ",
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"expectations",
"and",
"beliefs",
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"press",
"release",
".",
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"release",
"is",
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"13",
",",
"2014",
".",
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",",
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",",
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"this",
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".",
"Information",
"about",
"certain",
"potential",
"factors",
"that",
"could",
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"our",
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"and",
"financial",
"results",
"and",
"cause",
"actual",
"results",
"to",
"differ",
"materially",
"from",
"those",
"expressed",
"or",
"implied",
"in",
"any",
"forward",
"-",
"looking",
"statements",
"are",
"included",
"under",
"the",
"captions",
"\"",
"Risk",
"Factors",
"\"",
"and",
"\"",
"Management",
"'s",
"Discussion",
"and",
"Analysis",
"of",
"Financial",
"Condition",
"and",
"Results",
"of",
"Operations",
"\"",
",",
"in",
"our",
"Annual",
"Report",
"on",
"Form",
"10-K",
"for",
"the",
"year",
"ended",
"December",
"31",
",",
"2013",
"and",
"our",
"Quarterly",
"Report",
"on",
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"10",
"-",
"Q",
"for",
"the",
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"ended",
"March",
"31",
",",
"2014",
",",
"each",
"of",
"which",
"is",
"on",
"file",
"with",
"the",
"U",
".",
"S",
".",
"Securities",
"and",
"Exchange",
"Commission",
"(",
"\"",
"SEC",
"\"",
")",
"and",
"available",
"at",
"the",
"SEC",
"'s",
"website",
"at",
"www.sec.gov",
",",
"as",
"well",
"as",
"future",
"reports",
"we",
"file",
"with",
"the",
"SEC",
".",
"CONTACTS",
":",
"Hilton",
"H",
".",
"Howell",
",",
"Jr",
".",
",",
"President",
"and",
"Chief",
"Executive",
"Officer",
",",
"404",
"-",
"266",
"-",
"5512",
"Jim",
"Ryan",
",",
"Senior",
"Vice",
"President",
"and",
"Chief",
"Financial",
"Officer",
",",
"404",
"-",
"504",
"-",
"9828",
"Kevin",
"P",
".",
"Latek",
",",
"Senior",
"Vice",
"President",
",",
"Business",
"Affairs",
",",
"404",
"-",
"266",
"-",
"8333",
"Web",
"Site",
":",
"www.gray.tv",
"1",
"RBC",
"Capital",
"Markets",
"is",
"a",
"brand",
"name",
"for",
"the",
"capital",
"markets",
"businesses",
"of",
"Royal",
"Bank",
"of",
"Canada",
"and",
"its",
"affiliates",
".",
"Page",
"3",
"of",
"3"
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1583077-000114420415060125-v422343_ex99-1 | EX-99.1
3
v422343_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
FOR IMMEDIATE RELEASE
American Realty Capital Hospitality Trust
Acquires 10 Hotels for $150 Million
Acquisition increases ARC Hospitality's
current lodging portfolio to 132 hotels
totaling 16,014 rooms across 32 states
Transaction Represents First 10 of Previously
Announced Acquisitions of 44 Hotels
New York, New York, October 20, 2015
- American Realty Capital Hospitality Trust, Inc. ("ARC Hospitality" or the "Company") announced today
that it has completed its previously announced acquisition of 10 hotels for a purchase price of $150.1 million from Summit Hotel
Properties (NYSE:INN) ("Summit"), a publicly-traded hotel real estate investment trust. This transaction represents
the first 10 of 26 hotels that the Company announced it will be acquiring from Summit for a total purchase price of $347.4 million.
In addition, ARC Hospitality currently has another 18 hotels under contract with unrelated Sellers for $392.4 million. ARC Hospitality
intends to close on all of the acquisitions during the next eight months consistent with previous announcements, for an aggregate
of 44 hotels.
The 10 hotels announced today are all branded
with Marriott International and Hilton Hotels & Resorts and are located in Baton Rouge, Louisiana; Flagstaff, Arizona; Fort
Wayne, Indiana; Medford, Oregon and El Paso, Texas. The acquisition increases ARC Hospitality's current lodging portfolio
to 132 hotels totaling 16,014 rooms across 32 states.
"We are delighted to acquire these
high-quality, stabilized lodging properties with strong brand affiliations from Summit", commented Jonathan P. Mehlman, Chief
Executive Officer of ARC Hospitality. "This transaction shows that we are continuing to execute our focused strategy of acquiring
market-leading select service hotels with strong brands and durable cash flows. We look forward to continuing to work with Dan
Hansen and his management team on closing the additional hotel properties we have under contract".
Edward Hoganson, Chief Financial Officer
of the Company, added, "These 10 hotels have all delivered robust year-over-year financial performance, and possess strong
operating fundamentals that we expect will continue to drive our future growth. Management of these properties will be divided
amongst our affiliated hotel operator, Crestline Hotels & Resorts, and Interstate Hotels & Resorts, which currently operates
several of the hotels we are acquiring from Summit. We are excited to broaden our scope of property manager relationship with Interstate
Hotels & Resorts while continuing to draw upon Crestline's proven management performance".
As previously announced, ARC Hospitality
financed the acquisition of these hotels with a draw on its $450 million term loan facility, which was co-arranged by Deutsche
Bank AG New York Branch, Deutsche Bank Securities, Inc. and BMO Capital Markets.
About ARC Hospitality
ARC Hospitality is a publicly registered,
nontraded real estate investment trust ("REIT"). ARC Hospitality's investment strategy focuses on acquiring stable, institutional
quality and strategically located lodging properties in North America branded by premium national hotel brands. For more information
on ARC Hospitality, please contact your financial professional or visit the website: www.ARCHospitalityREIT.com (http://www.archospitalityreit.com).
Important Notice
The statements in this press release
that are not historical facts may be forward-looking statements. These forwardlooking statements involve risks and
uncertainties that could cause the outcome to be materially different. In addition, words such as "will,"
"should", "may", "anticipate", "believe", "expect" and
"intend" indicate a forwardlooking statement, although not all forwardlooking statements include these words.
This press release also contains estimates and information concerning our industry, including market position, market size,
and growth rates of the markets in which we participate, that are based on industry publications and reports. This
information involves a number of assumptions and limitations, and you are cautioned not to give undue weight to these
projections. We have not independently verified the accuracy or completeness of the data contained in these industry
publications and reports. Actual results may differ materially from those contemplated by such forwardlooking statements and
projections due to certain factors, including ARC Hospitality's ability to make investments in a timely manner or on
acceptable terms; ARC Hospitality's ability to complete its pending acquisitions of hotels on the current
terms, or at all; the effect of general market, real estate market, economic and political conditions, including
the recent economic slowdown and dislocation in the global credit markets; ARC Hospitality's ability to make
scheduled payments on its debt and preferred equity obligations; ARC Hospitality's ability to generate sufficient
cash flows to make distributions to its stockholders; the degree and nature of ARC Hospitality's competition;
the availability of qualified personnel at ARC Hospitality's advisor, property manager, Crestline Hotels & Resorts,
which ARC Hospitality refers to as its subproperty manager, and dealer manager; and ARC Hospitality's ability to
qualify and maintain qualification as a REIT. Additional factors that may affect future results are contained in ARC
Hospitality's filings with the Securities and Exchange Commission (the "SEC"), which are available at
the SEC's website at www.sec.gov (http://www.sec.gov). Further, forwardlooking statements, estimates or projections
speak only as of the date they are made, and ARC Hospitality undertakes no obligation to update or revise forwardlooking
statements or estimates to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating
results over time, unless required by law.
Investor Contacts:
Tim Cifelli
Andrew G. Backman
Jonathan P. Mehlman
President
Managing Director
President & CEO
DDCworks
Investor Relations/Public Relations
ARC Hospitality
tcifelli@ddcworks.com
abackman@arlcap.com
jmehlman@arlcap.com
(484) 342-3600
(917) 475-2135
(212) 415-6500
| [
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"manager",
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"Hotels",
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",",
"ARC",
"Hospitality",
"financed",
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"acquisition",
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"450 million",
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"loan",
"facility",
",",
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"-",
"arranged",
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"Bank",
"AG",
"New",
"York",
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",",
"Deutsche",
"Bank",
"Securities",
",",
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".",
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"BMO",
"Capital",
"Markets",
".",
"About",
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"Hospitality",
"ARC",
"Hospitality",
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"publicly",
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"real",
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")",
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"institutional",
"quality",
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"located",
"lodging",
"properties",
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"America",
"branded",
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"premium",
"national",
"hotel",
"brands",
".",
"For",
"more",
"information",
"on",
"ARC",
"Hospitality",
",",
"please",
"contact",
"your",
"financial",
"professional",
"or",
"visit",
"the",
"website",
":",
"www.ARCHospitalityREIT.com",
"(",
"http://www.archospitalityreit.com",
")",
".",
"Important",
"Notice",
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"statements",
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"this",
"press",
"release",
"that",
"are",
"not",
"historical",
"facts",
"may",
"be",
"forward",
"-",
"looking",
"statements",
".",
"These",
"forwardlooking",
"statements",
"involve",
"risks",
"and",
"uncertainties",
"that",
"could",
"cause",
"the",
"outcome",
"to",
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",",
"words",
"such",
"as",
"\"",
"will",
",",
"\"",
"\"",
"should",
"\"",
",",
"\"",
"may",
"\"",
",",
"\"",
"anticipate",
"\"",
",",
"\"",
"believe",
"\"",
",",
"\"",
"expect",
"\"",
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"intend",
"\"",
"indicate",
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"forwardlooking",
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",",
"although",
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"all",
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"statements",
"include",
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"release",
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"and",
"information",
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",",
"including",
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"position",
",",
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"size",
",",
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"growth",
"rates",
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"markets",
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"we",
"participate",
",",
"that",
"are",
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"industry",
"publications",
"and",
"reports",
".",
"This",
"information",
"involves",
"a",
"number",
"of",
"assumptions",
"and",
"limitations",
",",
"and",
"you",
"are",
"cautioned",
"not",
"to",
"give",
"undue",
"weight",
"to",
"these",
"projections",
".",
"We",
"have",
"not",
"independently",
"verified",
"the",
"accuracy",
"or",
"completeness",
"of",
"the",
"data",
"contained",
"in",
"these",
"industry",
"publications",
"and",
"reports",
".",
"Actual",
"results",
"may",
"differ",
"materially",
"from",
"those",
"contemplated",
"by",
"such",
"forwardlooking",
"statements",
"and",
"projections",
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"to",
"certain",
"factors",
",",
"including",
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"ability",
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"investments",
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";",
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"Hospitality",
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"ability",
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",",
"or",
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";",
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"market",
",",
"real",
"estate",
"market",
",",
"economic",
"and",
"political",
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",",
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"and",
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"credit",
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";",
"ARC",
"Hospitality",
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"ability",
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"debt",
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"preferred",
"equity",
"obligations",
";",
"ARC",
"Hospitality",
"'s",
"ability",
"to",
"generate",
"sufficient",
"cash",
"flows",
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"stockholders",
";",
"the",
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"nature",
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";",
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",",
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",",
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";",
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"Hospitality",
"'s",
"ability",
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"maintain",
"qualification",
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"a",
"REIT",
".",
"Additional",
"factors",
"that",
"may",
"affect",
"future",
"results",
"are",
"contained",
"in",
"ARC",
"Hospitality",
"'s",
"filings",
"with",
"the",
"Securities",
"and",
"Exchange",
"Commission",
"(",
"the",
"\"",
"SEC",
"\"",
")",
",",
"which",
"are",
"available",
"at",
"the",
"SEC",
"'s",
"website",
"at",
"www.sec.gov",
"(",
"http://www.sec.gov",
")",
".",
"Further",
",",
"forwardlooking",
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",",
"estimates",
"or",
"projections",
"speak",
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",",
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"ARC",
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"results",
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",",
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"law",
".",
"Investor",
"Contacts",
":",
"Tim",
"Cifelli",
"Andrew",
"G",
".",
"Backman",
"Jonathan",
"P",
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"Mehlman",
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"Director",
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"/",
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1292518-000143774911009781-ex99-01 | EX-99.01
18
ex99-01.htm
EXHIBIT 99.01
ex99-01.htm
Exhibit 99.01
December 23, 2011
BLACKWATER MARYLAND, L.L.C. ANNOUNCES ACQUISITION OF SALISBURY MARYLAND TERMINAL FACILITY
NEW ORLEANS -(BUSINESS WIRE)--Blackwater Maryland, L.L.C., a wholly owned subsidiary of Blackwater Midstream Corp. (OTCBB:BWMS) announces that it has finalized the acquisition of a storage terminal facility in Salisbury, Maryland for $1.6 million. The closing date of the acquisition was December 22, 2011 and was 100% financed by Blackwater Midstream's existing senior lender.
The Salisbury site consists of 177,000 barrels of storage capacity on twenty-six acres of property located on the Wicomico River. The site is accessible by inland barges and tanktrucks. There is space available within the existing facility to build an additional 100,000 barrels of capacity at the site. Mike Suder, Blackwater Midstream Corp.'s Chief Executive Officer stated, "We are pleased to announce that we have completed our acquisition of a terminal facility in Salisbury, Maryland. Adding this site is a continuation of our strategic plan to acquire underutilized terminal assets and expanding the capabilities to meet our customer's product distribution requirements. This is the same model that we have very successfully implemented at our two previous acquisitions in Westwego, Louisiana and Brunswick, Georgia. In fact, we are currently in the planning process for additional tank capacity at both of those locations." Frank Marrocco, Chief Commercial Officer of Blackwater Midstream Corp. stated, "Our newly acquired Salisbury terminal is a key component in the supply chain that services the Delmarva region's petroleum product demand. Our primary focus is to ensure that our customer's requirements are met by providing our outstanding customer service that ultimately supports their business plan. In addition to the petroleum handling capabilities at the site, we are in discussions with other potential customers that have indicated an interest in storing non-petroleum products".
Blackwater Midstream Corp. is an independent operator of bulk liquid storage terminals including facilities in the Port of New Orleans in Westwego, Louisiana and in the Port of Brunswick, Georgia. The Westwego facility consists of 857,000 barrels of storage capacity, while the Brunswick facility has a total of 161,000 barrels, with both sites capable of storing a wide variety of liquid products. Both sites offer modal access for product distribution via marine, rail, and truck. Blackwater Midstream is a member of the International Liquid Terminal Association.
The information in this press release includes certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to prospective acquisitions or anticipated future results. Forward-looking statements relate to expectations or forecasts of future events. Blackwater Midstream does not assume the obligation to update any forward-looking statement. Many factors could cause actual results to differ materially from Blackwater Midstream's forward-looking statements, including market forces, economic factors, the availability of capital and credit, current and future competition and other uncertainties. For further details about these and other factors that may impact the forward-looking statements, see Blackwater Midstream's Securities and Exchange Commission filings, including the "Risk Factors" in the Annual Report on Form 10-K. This discussion and analysis should be read in conjunction with our unaudited consolidated financial statements and related notes included in our Quarterly Report on Form 10-Q as of September 30, 2011 and our audited financial statements and notes included in our Annual Report on Form 10-K as of and for the year ended March 31, 2011. For more information, please reference our website at www.BlackwaterMidstream.com
Contact:
Michael Suder at 504-340-3000 or 201-290-8369
CEO, Blackwater Midstream Corp.
660 LaBauve Drive, Westwego, LA 70094 Tel (504) 340-3000 Fax (504) 340-9406
www.blackwatermidstream.com
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1018336-000101833606000053-ex99 | EX-99
3
ex99.htm
EXHIBIT 99
Information Architects Announces the Acquisition of GWIB CO LLC
Information Architects Announces the Acquisition of GWIB CO LLC
July 26, 2006 11:26 AM ET
Information Architects (OTCBB: IACH), a leader in online information solutions, today announced that they have added a state-of-the-art contact center to their operations through the acquisition of GWIB CO LLC.
GWIB Co is a leading-edge provider of contact center services and comprehensive customer relationship management (CRM) solutions. GWIB provides a highly effective communications portal The Company brings a solid and experienced core management team that has a great deal of expertise in contact center development, sales generation, business operations and business expansion. The team has worked extensively in telephony administration, network setup and administration. GWIB is positioned to be one of the top tier contact centers in the Caribbean
"With the acquisition of GWIB, Information Architects can now offer a complete set of customer-centric services. This acquisition also means the most comprehensive offering of on-demand CRM solutions available, giving our customers the confidence of knowing that their investments will be properly supported", said Todd K. Morgan, CEO of Information Architects.
"With the combined talents and technologies of GWIB, anywhere you are and whatever the issue, they're ready to respond with the problem solving expertise you need. You can expect faster turnaround times on problem resolution and the efficiency of a single point of contact for all your support needs. We are very pleased to add GWIB to our portfolio of companies", stated 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. Information Architects has recently expanded its operations to a variety of industries by offering a more comprehensive list of products and services gained through recent acquisitions.
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.
For more information, please contact:
Jon Grinter
954-561-7321
Or
Media Relations
Collette Clarke
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864233-000119312511273424-d244314dex991 | EX-99.1
5
d244314dex991.htm
PRESS RELEASE DATED OCTOBER 17, 2011
Press Release dated October 17, 2011
Exhibit 99.1
NEWS RELEASE
Contacts:
R. Jeffrey Williams
Scott Brittain
Chief Financial Officer
Corporate Communications Inc.
O'Charley's Inc.
(615) 254-3376 ext. 308
(615) 782-8982
O'CHARLEY'S INC. COMPLETES $105 MILLION SALE-LEASEBACK
TRANSACTION
Will Use Sale-Leaseback Net Proceeds and Available Cash to Redeem
$115.2 Million Senior Notes at Par
Enters New 5-Year Revolving Credit Facility
NASHVILLE, Tenn., Oct. 17, 2011 -
O'Charley's Inc. (NASDAQ: CHUX) today announced that it has completed a sale-leaseback of 50
O'Charley's
restaurant properties, which produced gross proceeds of approximately $105 million. The Company is using the net
proceeds from the sale-leaseback of approximately $103.8 million and approximately $11.4 million of available cash to redeem at par all of its $115.2 million principal amount of 9% senior subordinated notes due November 2013 (the "Senior
Notes"), leaving the Company with virtually no long-term debt on its balance sheet. The properties were purchased by STORE Capital, an institutionally funded, single-tenant real estate investment trust based in Scottsdale, AZ,
(
www.storecapital.com
) founded by a veteran management team including Mort Fleischer and Chris Volk.
The impact of the
two transactions will be a decrease in annual interest expense associated with the Senior Notes of approximately $10.0 million which will be offset by approximately $8.8 million of incremental annual rent expense. The full impact of these changes
will be reflected in the Company's 2012 results.
O'Charley's Inc. President and CEO, David W. Head, commented,
"As a result of this 20-year sale-leaseback, we believe we have significantly strengthened our financial position. In addition, by monetizing approximately half of our real estate portfolio and locking in more favorable long term
financing, the transaction increases our flexibility in a difficult operating environment".
The Company also announced
that it has entered into an Amended and Restated Credit Agreement with its existing banks, under which it has reduced its revolving credit facility to $30 million from $45 million and extended the facility's term to 2016. While the
facility's terms are
- MORE -
CHUX Completes $105 Million Sale-Leaseback
Page 2
October 17, 2011
substantially consistent with the relevant terms of the prior facility, which was to mature in August 2013, the Company is permitted capital expenditures for restaurant remodels and expansion
under the new facility of up to $5 million for 2011 and up to 35% of EBITDA (as defined) for 2012 and the years thereafter.
Safe Harbor
Provisions
The forward looking statements in this press release and statements made by or on behalf of the Company
relating hereto, including those containing words like "forecast", "expect", "project", "believe", "may", "could", "anticipate", and "estimate", are subject to the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be affected by certain risks and uncertainties, including, but not limited to, the deterioration in the United States economy and the
related adverse effect on the Company's sales of decreased consumer spending; the Company's ability to achieve its internal forecasts of sales and profitability; the Company's ability to comply with the terms and conditions of its
financing agreements; the Company's ability to maintain or increase operating margins and comparable sales at its restaurants; the effect that increases in food, labor, energy, interest costs and other expenses have on our results; the effect
of increased competition; the Company's ability to sell or sublease closed restaurants and other surplus assets; and the other risks described in the Company's filings with the Securities and Exchange Commission. In light of the
significant uncertainties inherent in the forward-looking statements included herein, you should not regard the inclusion of such information as a representation by us that our objectives, plans and projected results of operations will be achieved
and the Company's actual results could differ materially from such forward-looking statements. The Company does not undertake any obligation to publicly release any revisions to the forward-looking statements contained herein to reflect events
and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events.
About O'Charley's Inc.
O'Charley's Inc., headquartered in Nashville, Tennessee, is a multi-concept restaurant company that operates or
franchises a total of 342 restaurants under three brands:
O'Charley's, Ninety Nine Restaurant
, and
Stoney River Legendary Steaks
. The
O'Charley's
concept includes 227 restaurants in 18 states in the Southeast
and Midwest, including 221 company-owned and operated
O'Charley's
restaurants, and 6 restaurants operated by franchisees. The menu, with an emphasis on fresh preparation, features several specialty items, such as hand-cut and aged
USDA choice steaks, a variety of seafood and chicken, freshly baked yeast rolls, fresh salads with special-recipe salad dressings and signature caramel pie. The
Ninety Nine
concept includes 105 restaurants throughout New England and upstate
New York.
Ninety Nine
has earned a strong reputation as a friendly, comfortable place to gather and enjoy great American food and drink at a terrific price. The menu features a wide selection of appetizers, salads, sandwiches, burgers,
entrees and desserts. The
Stoney River Legendary Steaks
concept includes 10 restaurants in six states in the Southeast and Midwest. This steakhouse concept appeals to both upscale casual-dining and fine-dining guests by offering high-quality
food and attentive customer service typical of high-end steakhouses, but at more moderate prices.
- END -
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"-",
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"About",
"O'Charley",
"'s",
"Inc",
".",
"O'Charley",
"'s",
"Inc",
".",
",",
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",",
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"concept",
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"company",
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"operates",
"or",
"franchises",
"a",
"total",
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"342",
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"under",
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"brands",
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"Nine",
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"chicken",
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"-",
"recipe",
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"caramel",
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".",
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"105",
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"England",
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"New",
"York",
".",
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"Nine",
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"comfortable",
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"River",
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"10",
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".",
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"prices",
".",
"-",
"END",
"-"
] | [
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"O",
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"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"O",
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"O",
"O",
"O",
"O",
"O",
"O",
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"O",
"O",
"O",
"O",
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"O",
"O",
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"O",
"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"B-Generic_Info.ANNUAL_REVENUES",
"I-Generic_Info.ANNUAL_REVENUES",
"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"B-Parties.BUYING_COMPANY",
"I-Parties.BUYING_COMPANY",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"O",
"O",
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"O",
"O",
"O",
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"O",
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"O",
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"O",
"O",
"O",
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1380846-000138084614000008-tsc-pressrelease3x5x2014 | EX-99
2
tsc-pressrelease3x5x2014.htm
EXHIBIT
TSC-Press Release 3-5-2014
EXHIBIT 99
FOR IMMEDIATE RELEASE
TRISTATE CAPITAL CLOSES ACQUISITION OF CHARTWELL INVESTMENT PARTNERS
PITTSBURGH, March 5, 2014 - TriState Capital Holdings, Inc. (NASDAQ: TSC) today closed its previously announced acquisition of Chartwell Investment Partners, L.P., an investment management firm with about 150 institutional clients and $7.5 billion in assets under management as of Dec. 31, 2013.
"We've executed on our strategy to identify and complete the acquisition of a successful and proven investment manager, deploying a significant portion of the capital that shareholders invested with us via our initial public offering last year", TriState Capital Chief Executive Officer James F. Getz said. "Chartwell's employees, institutional clients and the financial intermediaries who are part of TriState Capital's national referral network have responded very enthusiastically since we announced our plans in January. We're excited to be supporting the continued growth and success of the Chartwell team as part of TriState Capital".
"We are very pleased to complete this transaction and to officially be joining the TriState Capital team", said Chartwell Chief Executive Officer Timothy J. Riddle. "We look forward to providing our clients with the same quality of service and professionalism that they have received from us in the past, as well as helping TriState Capital to expand its product offerings with its financial intermediary, corporate and other institutional clients".
Chartwell provides advisory and sub-advisory investment management services primarily to institutional plan sponsors such as public mutual funds, corporations, Taft-Hartley funds, endowments and foundations. Its entire team of more than 40 employees joined TriState Capital at closing, and the investment management business will continue to operate from its Berwyn, Pa., offices under the Chartwell brand. TriState Capital Bank's Eastern Pennsylvania regional team and commercial banking office will continue to be located in nearby Villanova.
TriState Capital's legal advisor on the transaction is Keevican Weiss Bauerle & Hirsch LLC. Stephens Inc. served as financial advisor and provided a fairness opinion to TriState Capital. Chartwell's legal advisor is Pepper Hamilton LLP.
ABOUT TRISTATE CAPITAL
TriState Capital Holdings, Inc. (NASDAQ: TSC) is a bank holding company headquartered in Pittsburgh, Pa., providing commercial banking, private banking and investment management services to middle-market companies, institutional clients and high-net-worth individuals. Its TriState Capital Bank subsidiary has approximately $2.3 billion in assets, as of Dec. 31, 2013, and serves middle-market commercial customers through regional offices in Pittsburgh, Philadelphia, Cleveland, Princeton, N.J., and New York City, as well as high-net-worth individuals nationwide through its national referral network of financial intermediaries. Its Chartwell Investment Partners subsidiary has $7.5 billion in assets under management, as of Dec. 31, 2013, and serves TriState Capital's financial intermediary network and some 150 institutional clients. For more information, please visit http://investors.tristatecapitalbank.com.
FORWARD LOOKING STATEMENTS
This press release includes "forward-looking" statements related to TriState Capital that can generally be identified as describing TriState Capital's future plans, objectives or goals. Such forward-looking statements are subject to risks and uncertainties that could cause actual results or outcomes to differ materially from those currently anticipated. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. For further information about the factors that could affect TriState Capital's future results, please see the company's most recent annual report on Form 10-K, as well as its most-recent quarterly report filed on Form 10-Q.
###
MEDIA CONTACTS
Jack Horner
267-932-8760, ext. 302
412-600-2295 (mobile)
jack@hornercom.com
1
EXHIBIT 99
Mike Gross
267-932-8760, ext. 310
856-628-6169 (mobile)
mike@hornercom.com
INVESTOR RELATIONS CONTACT
Brian Fetterolf
412-304-0451
investorrelations@tscbank.com
2
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30831-000126041505000030-dyn8k-030805ex99 | EX-99
2
dyn8k-030805ex99.txt
EXHIBIT 99 - PRESS RELEASE
Exhibit 99.1
Contact: Craig Dunham
Dynasil Corporation
of America
Phone: (856) 767-4600
Email: cdunham@Dynasil.com
DYNASIL ANNOUNCES ACQUISITION OF OPTOMETRICS LLC
WEST BERLIN, N.J. - March 9, 2005 - Dynasil Corporation of
America (OTCBB: DYSL), fabricator of optical blanks from
synthetic fused silica, fused quartz, and other optical
materials for the semi-conductor, laser, space and optical
components industries is pleased to announce that it has
completed the purchase of Optometrics LLC of Ayer,
Massachusetts.
Optometrics is a worldwide supplier of quality optical
components including diffraction gratings, lenses, thin film
filters, laser optics, monochromators, and specialized
optical systems and software. The previous owners of
Optometrics LLC, Ms. Laura Lunardo and Mr. Frank Denton,
signed two year, renewable employment contracts and will
continue to actively lead the Optometrics business which
will now be Optometrics Corporation. Additionally, Ms.
Lunardo is now Dynasil's CFO. The anticipated revenues for
the combined companies are expected to exceed $6 million.
$700,000 of equity in the form of Dynasil convertible
preferred stock was raised from existing and new
shareholders to finance the acquisition in addition to bank
financing.
Dynasil has been a long term supplier to Optometrics and
glass is a key raw material for Optometrics' products. Mr.
Craig Dunham, Dynasil President and CEO, had the following
comments on the acquisition: "I believe that Optometrics is
an excellent addition to Dynasil with Optometrics' record of
profitable growth, strong people, and optical
customers/markets that fit well with Dynasil. The year is
off to a good start with strong orders in both companies.
The combination of the two companies is expected to lead to
increased profitability for both companies. We look forward
to acquiring similar strong companies with growth
opportunities and synergy with our current businesses".
Mr. Frank Denton, CEO of Optometrics commented that "We
believe that Dynasil and Optometrics have complementary
strengths which should auger well for the future and that
the sum is much greater than the individual parts".
About Dynasil: Founded in 1960, Dynasil Corporation of
America is a
fabricator of optical blanks from synthetic fused silica,
fused quartz
and other optical materials.
This news release may contain forward-looking statements
usually
containing the words "believe", "expect", or similar
expressions.
These statements are made pursuant to the safe harbor
provisions of the
Private Securities Litigation Reform Act. Future results of
operations, projections, and expectations, which may relate
to this
release, involve certain risks and uncertainties that could
cause
actual results to differ materially from the forward-looking
statements. Factors that would cause or contribute to such
differences
include, but are not limited to, the factors detailed in the
Company's
Annual Report or Form 10-KSB and in the Company's other
Securities and
Exchange Commission filings, continuation of existing market
conditions
and demand for our products.
| [
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1010610-000129993304002360-exhibit1 | EX-99.1
2
exhibit1.htm
EX-99.1
EX-99.1
News Release
Contact:
For Immediate Release
Anna Austin
Vice President, Corporate Communications
(314) 523-8354
investor.relations@tlcvision.com
TLC
Vision
Partners With Doctors
In Leading Houston Ambulatory Surgery Center
St. Louis, MO, December 20, 2004
- TLC Vision Corporation (NASDAQ:TLCV; TSX:TLC), North
America's premier eye care services company, announced today it's subsidiary, OR Partners, has
become the single largest shareholder in Summit Ambulatory Surgery Center, a 12-partner facility
located in Houston, Texas.
This is the fifth ambulatory surgery center ("ASC") OR Partners and TLC
Vision
have acquired in the
last 16 months, with several ASC deals in development. OR Partners acquires, develops, and manages
ambulatory surgery centers in partnership with physicians. These centers provide out-patient
surgery services in a less institutional atmosphere than can be achieved in a hospital setting and
appeal to doctors seeking improved efficiencies and the highest degree in patient satisfaction.
Led by John J. Garrrett, MD, a cataract surgeon with more than 30 years experience, the Summit
Ambulatory Surgery Center is a highly successful facility featuring two operating rooms and
performing nearly 5000 ophthalmic and pain management procedures annually. Dr. Garrett said, "OR
Partners is well capitalized, managed by a team of experienced professionals and committed to
achieve results. Most importantly, from a physician's perspective, they understand that patients
are the number one priority. I am very excited about being associated with OR Partners, improving
operational efficiencies and growing the center".
Mary T. Green, MD, one of 12 partners in Summit Ambulatory Surgery Center, has also worked with the
laser refractive division of TLC
Vision
for 3 years. Dr. Green said, "I know the quality of service
this company provides and the commitment to their doctor customers. When I heard about the OR
Partners subsidiary, and the great work they were doing in ASCs, it just made sense to continue the
relationships already built with TLC
Vision
."
"Through our current network of over 1100 ophthalmologists, we will continue to acquire or develop
similar centers in association with some of the country's most prominent surgeons", commented Jim
Wachtman, TLC
Vision
's CEO. "This approach will broaden our eye care services strategy and be
immediately accretive to TLC
Vision'
s cash flow and profitability".
About TLC
Vision
TLC
Vision
is North America's premier eye care services company. The key drivers of TLC
Vision
's
strategy are our affiliated network of thousands of eye doctors, proven corporate and consumer
marketing and education programs, and access to state of the art clinical technologies. We are
supported by a strong operations management culture and superior information technology. More
information about the company can be found on the TLC
Vision
web site at www.tlcv.com.
Forward Looking Statements
This press release contains certain forward-looking statements within the meaning of Section 27A of
the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934, which
statements can be identified by the use of forward looking terminology, such as "may", "will",
"expect", "intend", "anticipate", "estimate", "predict", "plans" or "continue" or the negative
thereof or other variations thereon or comparable terminology referring to future events or
results. The Company's actual results could differ materially from those anticipated in these
forward-looking statements as a result of numerous factors, including the timing of expenditures,
effects of competition, changes to pricing, acquisitions and expansion opportunities, any of which
could cause actual results to vary materially from current results or TLCVision's anticipated
future results. See the Company's reports filed with the Canadian Securities Regulators and the
U.S. Securities and Exchange Commission from time to time for cautionary statements identifying
important factors with respect to such forward looking statements, including certain risks and
uncertainties, that could cause actual results to differ materially from results referred to in
forward looking statements. TLCVision assumes no obligation to update the information contained in
this press release.
-30-
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1390162-000115752318000477-a51766569ex99_1 | EX-99.1
5
a51766569ex99_1.htm
EXHIBIT 99.1
Exhibit 99.1
Howard Bancorp Completes Acquisition of First Mariner Bank, Progresses on Integration and Relocation
ELLICOTT CITY, Md.--(BUSINESS WIRE)--March 1, 2018--Howard Bancorp, Inc. (Nasdaq:HBMD) ("Howard") announced today that it completed the acquisition of First Mariner Bank.
With the transaction finalized, the combined Howard team will immediately begin to implement tactical plans for the successful integration of the former First Mariner's staff, branches, and systems. The combined organization, which will conduct business under the Howard Bank name, will operate 21 locations in the Greater Baltimore Metropolitan Area. New signage will be installed immediately at all First Mariner branch and mortgage locations to reflect the integrated Howard Bank and the resulting greater presence in the region.
Howard Bancorp, the parent of Howard Bank, will relocate its corporate headquarters from Ellicott City, Md., to First Mariner's headquarters in Baltimore City, Md. As a result of the merger, the relocation and a strong history of both organic growth and prior acquisitions, Howard Bank is now the largest bank based in Baltimore. This acquisition brings and retains approximately 160 employees in the city.
"We are excited to expand our internal and external communities by welcoming the First Mariner investors, its customers, and its team", said Mary Ann Scully, Howard Bank's Chairman and Chief Executive Officer. "The combination of our two banks creates a uniquely winning proposition for our customers, prospective customers and centers of influence in Baltimore's business community. With the doubling of the shared focus on small and medium-sized businesses, the shared expertise and the commitment of our local policy makers who are exclusively focused on this marketplace, we can achieve the best of both, strong and local, for the businesses that shape the fabric of this region. Expanded product sets, higher lending limits and larger customer facing staffs will allow us to build the best business bank in the region".
Robert Kunisch, the Chief Executive Officer of First Mariner, who will join the Howard and Howard Bank boards of directors and assume the role of President of Howard and Howard Bank, added, "We see an incredible opportunity to continue to build Howard Bank into an institution that is unmatched in serving the Baltimore region's business community. The combination provides more lending muscle and an energized team that will have a positive impact on businesses throughout the region".
The transaction enables Howard Bank to expand benefits, training and advancement opportunities and access to share ownership for all continuing employees. It also provides Howard Bank with the scale to increase its combined community philanthropy budget notably over the levels previously committed.
"The expanded philanthropy budget will allow us to place a special focus on partnering with local not-for-profit organizations on both workforce development activities for young and displaced adults and expanding access to the arts in stressed communities", Scully said. "We are also using this opportunity to formalize support of our employees for their volunteer activities in the community. For our shareholders, the financial outlook for the larger company is bright".
For Howard, this milestone transaction follows 2017, which was a year in which the institution organically grew assets by 12% to $1.15 billion, total loans by 14% to $937 million, total commercial loans by 21% to $360 million, total deposits by 7% to $864 million, and total common shareholders' equity by 53% to $132 million.
With the addition of First Mariner, Howard expects to have pro forma assets of $2.1 billion, pro forma loans of $1.6 billion and pro forma deposits of $1.6 billion, based on year-end financial data from 2017.
"This is certainly a transformational deal for us as a company, for the employees who at the end of the day are our strongest differentiator, and for our individual and commercial customers", said Scully, who will continue as Chair and Chief Executive Officer of Howard and Howard Bank. "But we are just as thrilled about what this combination is going to mean for the communities that we serve which are geographically clustered around Baltimore from Annapolis and Columbia to Bel Air and Elkton".
About Howard Bancorp, Inc.
Howard Bancorp, Inc. is the parent company of Howard Bank, a Maryland-chartered trust company operating as a commercial bank. Headquartered in Baltimore, Maryland, Howard Bank operates a general commercial banking business through its 21 branches located throughout the Greater Baltimore Metropolitan Area. It had consolidated assets of approximately $1.15 billion at December 31, 2017, and as noted above, expects to have approximately $2.1 billion in assets with this merger. Additional information about Howard Bancorp, Inc. and Howard Bank is available on the company's web site at
www.howardbank.com
.
Forward-Looking Statement Disclaimer
This press release contains estimates, predictions, opinions, projections and other "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements often use words such as "anticipate", "believe", "contemplate", "estimate", "expect", "forecast", "intend", "may", "plan", "project", "should", "will", or other words of similar meaning. You can also identify them by the fact that they do not relate strictly to historical or current facts. Such statements include, without limitation, references to Howard's beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions and future performance, including our growth strategy and expansion plans, including potential acquisitions. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause our actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements.
In addition to factors previously disclosed in Howard's reports filed with the U.S. Securities and Exchange Commission (the "SEC"), the following factors among others, could cause actual results to differ materially from forward-looking statements or historical performance: difficulties and delays in integrating the First Mariner business or fully realizing cost savings and other benefits of the merger; business disruption following the merger; changes in asset quality and credit risk; the inability to sustain revenue and earnings growth; customer acceptance of First Mariner products and services; customer disintermediation; the introduction, withdrawal, success and timing of business initiatives; the inability to realize cost savings or revenues or to implement integration plans and other consequences associated with mergers, acquisitions and divestitures; the impact, extent and timing of technological changes, capital management activities, and other actions of the Federal Reserve Board and legislative and regulatory actions and reforms.
Annualized, pro forma, projected and estimated numbers are used for illustrative purpose only, are not forecasts and may not reflect actual results.
CONTACT:
Howard Bancorp, Inc.
Wade Barnes, 410-967-4389
SVP, Marketing
wbarnes@howardbank.com
or
212 Communications
Bill Atkinson, 443-797-4150
Partner
batkinson@212comm.com
or
Investors:
Howard Bancorp, Inc.
George C. Coffman, 410-750-0020
Chief Financial Officer
gcoffman@howardbank.com
| [
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"benefits",
",",
"training",
"and",
"advancement",
"opportunities",
"and",
"access",
"to",
"share",
"ownership",
"for",
"all",
"continuing",
"employees",
".",
"It",
"also",
"provides",
"Howard",
"Bank",
"with",
"the",
"scale",
"to",
"increase",
"its",
"combined",
"community",
"philanthropy",
"budget",
"notably",
"over",
"the",
"levels",
"previously",
"committed",
".",
"\"",
"The",
"expanded",
"philanthropy",
"budget",
"will",
"allow",
"us",
"to",
"place",
"a",
"special",
"focus",
"on",
"partnering",
"with",
"local",
"not",
"-",
"for",
"-",
"profit",
"organizations",
"on",
"both",
"workforce",
"development",
"activities",
"for",
"young",
"and",
"displaced",
"adults",
"and",
"expanding",
"access",
"to",
"the",
"arts",
"in",
"stressed",
"communities",
"\"",
",",
"Scully",
"said",
".",
"\"",
"We",
"are",
"also",
"using",
"this",
"opportunity",
"to",
"formalize",
"support",
"of",
"our",
"employees",
"for",
"their",
"volunteer",
"activities",
"in",
"the",
"community",
".",
"For",
"our",
"shareholders",
",",
"the",
"financial",
"outlook",
"for",
"the",
"larger",
"company",
"is",
"bright",
"\"",
".",
"For",
"Howard",
",",
"this",
"milestone",
"transaction",
"follows",
"2017",
",",
"which",
"was",
"a",
"year",
"in",
"which",
"the",
"institution",
"organically",
"grew",
"assets",
"by",
"12",
"%",
"to",
"$",
"1.15 billion",
",",
"total",
"loans",
"by",
"14",
"%",
"to",
"$",
"937 million",
",",
"total",
"commercial",
"loans",
"by",
"21",
"%",
"to",
"$",
"360 million",
",",
"total",
"deposits",
"by",
"7",
"%",
"to",
"$",
"864 million",
",",
"and",
"total",
"common",
"shareholders",
"'",
"equity",
"by",
"53",
"%",
"to",
"$",
"132 million",
".",
"With",
"the",
"addition",
"of",
"First",
"Mariner",
",",
"Howard",
"expects",
"to",
"have",
"pro",
"forma",
"assets",
"of",
"$",
"2.1 billion",
",",
"pro",
"forma",
"loans",
"of",
"$",
"1.6 billion",
"and",
"pro",
"forma",
"deposits",
"of",
"$",
"1.6 billion",
",",
"based",
"on",
"year",
"-",
"end",
"financial",
"data",
"from",
"2017",
".",
"\"",
"This",
"is",
"certainly",
"a",
"transformational",
"deal",
"for",
"us",
"as",
"a",
"company",
",",
"for",
"the",
"employees",
"who",
"at",
"the",
"end",
"of",
"the",
"day",
"are",
"our",
"strongest",
"differentiator",
",",
"and",
"for",
"our",
"individual",
"and",
"commercial",
"customers",
"\"",
",",
"said",
"Scully",
",",
"who",
"will",
"continue",
"as",
"Chair",
"and",
"Chief",
"Executive",
"Officer",
"of",
"Howard",
"and",
"Howard",
"Bank",
".",
"\"",
"But",
"we",
"are",
"just",
"as",
"thrilled",
"about",
"what",
"this",
"combination",
"is",
"going",
"to",
"mean",
"for",
"the",
"communities",
"that",
"we",
"serve",
"which",
"are",
"geographically",
"clustered",
"around",
"Baltimore",
"from",
"Annapolis",
"and",
"Columbia",
"to",
"Bel",
"Air",
"and",
"Elkton",
"\"",
".",
"About",
"Howard",
"Bancorp",
",",
"Inc",
".",
"Howard",
"Bancorp",
",",
"Inc",
".",
"is",
"the",
"parent",
"company",
"of",
"Howard",
"Bank",
",",
"a",
"Maryland",
"-",
"chartered",
"trust",
"company",
"operating",
"as",
"a",
"commercial",
"bank",
".",
"Headquartered",
"in",
"Baltimore",
",",
"Maryland",
",",
"Howard",
"Bank",
"operates",
"a",
"general",
"commercial",
"banking",
"business",
"through",
"its",
"21",
"branches",
"located",
"throughout",
"the",
"Greater",
"Baltimore",
"Metropolitan",
"Area",
".",
"It",
"had",
"consolidated",
"assets",
"of",
"approximately",
"$",
"1.15 billion",
"at",
"December",
"31",
",",
"2017",
",",
"and",
"as",
"noted",
"above",
",",
"expects",
"to",
"have",
"approximately",
"$",
"2.1 billion",
"in",
"assets",
"with",
"this",
"merger",
".",
"Additional",
"information",
"about",
"Howard",
"Bancorp",
",",
"Inc",
".",
"and",
"Howard",
"Bank",
"is",
"available",
"on",
"the",
"company",
"'s",
"web",
"site",
"at",
"www.howardbank.com",
".",
"Forward",
"-",
"Looking",
"Statement",
"Disclaimer",
"This",
"press",
"release",
"contains",
"estimates",
",",
"predictions",
",",
"opinions",
",",
"projections",
"and",
"other",
"\"",
"forward",
"-",
"looking",
"statements",
"\"",
"within",
"the",
"meaning",
"of",
"Section",
"27A",
"of",
"the",
"Securities",
"Act",
"of",
"1933",
",",
"as",
"amended",
"(",
"the",
"\"",
"Securities",
"Act",
"\"",
")",
",",
"and",
"Section",
"21E",
"of",
"the",
"Securities",
"Exchange",
"Act",
"of",
"1934",
",",
"as",
"amended",
"(",
"the",
"\"",
"Exchange",
"Act",
"\"",
")",
".",
"Forward",
"-",
"looking",
"statements",
"often",
"use",
"words",
"such",
"as",
"\"",
"anticipate",
"\"",
",",
"\"",
"believe",
"\"",
",",
"\"",
"contemplate",
"\"",
",",
"\"",
"estimate",
"\"",
",",
"\"",
"expect",
"\"",
",",
"\"",
"forecast",
"\"",
",",
"\"",
"intend",
"\"",
",",
"\"",
"may",
"\"",
",",
"\"",
"plan",
"\"",
",",
"\"",
"project",
"\"",
",",
"\"",
"should",
"\"",
",",
"\"",
"will",
"\"",
",",
"or",
"other",
"words",
"of",
"similar",
"meaning",
".",
"You",
"can",
"also",
"identify",
"them",
"by",
"the",
"fact",
"that",
"they",
"do",
"not",
"relate",
"strictly",
"to",
"historical",
"or",
"current",
"facts",
".",
"Such",
"statements",
"include",
",",
"without",
"limitation",
",",
"references",
"to",
"Howard",
"'s",
"beliefs",
",",
"plans",
",",
"objectives",
",",
"goals",
",",
"expectations",
",",
"anticipations",
",",
"assumptions",
",",
"estimates",
",",
"intentions",
"and",
"future",
"performance",
",",
"including",
"our",
"growth",
"strategy",
"and",
"expansion",
"plans",
",",
"including",
"potential",
"acquisitions",
".",
"Forward",
"-",
"looking",
"statements",
"involve",
"known",
"and",
"unknown",
"risks",
",",
"uncertainties",
"and",
"other",
"factors",
",",
"which",
"may",
"be",
"beyond",
"our",
"control",
",",
"and",
"which",
"may",
"cause",
"our",
"actual",
"results",
",",
"performance",
"or",
"achievements",
"to",
"be",
"materially",
"different",
"from",
"future",
"results",
",",
"performance",
"or",
"achievements",
"expressed",
"or",
"implied",
"by",
"such",
"forward",
"-",
"looking",
"statements",
".",
"In",
"addition",
"to",
"factors",
"previously",
"disclosed",
"in",
"Howard",
"'s",
"reports",
"filed",
"with",
"the",
"U",
".",
"S",
".",
"Securities",
"and",
"Exchange",
"Commission",
"(",
"the",
"\"",
"SEC",
"\"",
")",
",",
"the",
"following",
"factors",
"among",
"others",
",",
"could",
"cause",
"actual",
"results",
"to",
"differ",
"materially",
"from",
"forward",
"-",
"looking",
"statements",
"or",
"historical",
"performance",
":",
"difficulties",
"and",
"delays",
"in",
"integrating",
"the",
"First",
"Mariner",
"business",
"or",
"fully",
"realizing",
"cost",
"savings",
"and",
"other",
"benefits",
"of",
"the",
"merger",
";",
"business",
"disruption",
"following",
"the",
"merger",
";",
"changes",
"in",
"asset",
"quality",
"and",
"credit",
"risk",
";",
"the",
"inability",
"to",
"sustain",
"revenue",
"and",
"earnings",
"growth",
";",
"customer",
"acceptance",
"of",
"First",
"Mariner",
"products",
"and",
"services",
";",
"customer",
"disintermediation",
";",
"the",
"introduction",
",",
"withdrawal",
",",
"success",
"and",
"timing",
"of",
"business",
"initiatives",
";",
"the",
"inability",
"to",
"realize",
"cost",
"savings",
"or",
"revenues",
"or",
"to",
"implement",
"integration",
"plans",
"and",
"other",
"consequences",
"associated",
"with",
"mergers",
",",
"acquisitions",
"and",
"divestitures",
";",
"the",
"impact",
",",
"extent",
"and",
"timing",
"of",
"technological",
"changes",
",",
"capital",
"management",
"activities",
",",
"and",
"other",
"actions",
"of",
"the",
"Federal",
"Reserve",
"Board",
"and",
"legislative",
"and",
"regulatory",
"actions",
"and",
"reforms",
".",
"Annualized",
",",
"pro",
"forma",
",",
"projected",
"and",
"estimated",
"numbers",
"are",
"used",
"for",
"illustrative",
"purpose",
"only",
",",
"are",
"not",
"forecasts",
"and",
"may",
"not",
"reflect",
"actual",
"results",
".",
"CONTACT",
":",
"Howard",
"Bancorp",
",",
"Inc",
".",
"Wade",
"Barnes",
",",
"410",
"-",
"967",
"-",
"4389",
"SVP",
",",
"Marketing",
"wbarnes@howardbank.com",
"or",
"212",
"Communications",
"Bill",
"Atkinson",
",",
"443",
"-",
"797",
"-",
"4150",
"Partner",
"batkinson@212comm.com",
"or",
"Investors",
":",
"Howard",
"Bancorp",
",",
"Inc",
".",
"George",
"C.",
"Coffman",
",",
"410",
"-",
"750",
"-",
"0020",
"Chief",
"Financial",
"Officer",
"gcoffman@howardbank.com"
] | [
"O",
"O",
"O",
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"O",
"O",
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1004434-000110465910036546-a10-12131_1ex99d1 | EX-99.1
3
a10-12131_1ex99d1.htm
EX-99.1
Exhibit 99.1
Investor
Relations:
Alexandra
Lynn
+1 (617)
747-3300
ir@amg.com
Media
Relations:
Laura
O'Brien
+1 (617)
747-3300
pr@amg.com
AMG Completes Investment in Private Equity Fund-of-Funds
Manager Pantheon
BOSTON, June 30, 2010
- Affiliated Managers Group, Inc. (NYSE: AMG) today
announced the completion of the acquisition of Pantheon from Russell
Investments, a subsidiary of Northwestern Mutual Life Insurance Company.
Pantheon is a
leading global private equity fund-of-funds manager, delivering private equity
investment solutions to a broad range of clients for over 25 years. Pantheon manages regional funds-of-funds in
Europe, the United States and Asia, as well as global secondary funds-of-funds,
global infrastructure fund-of-funds and customized separate account
programs. Pantheon currently has
committed funds under management of approximately $26 billion across 300 global
clients, including pension funds, endowments, government bodies and insurance
companies. The firm has experienced high
client retention throughout its history, reflecting its strong performance over
different economic cycles and high standards of client service. With a team of 64 investment professionals
(and a total staff of 140) in offices located in London, San Francisco, New
York and Hong Kong, Pantheon is well-equipped to invest and serve clients
worldwide.
In the Pantheon transaction, AMG
purchased a majority equity interest, while the Pantheon management team
acquired the remaining equity interest. Pantheon management will continue to direct the firm's day-to-day operations.
About Affiliated Managers Group
AMG is a global asset management
company with equity investments in leading boutique investment management
firms. AMG's innovative partnership
approach allows each Affiliate's management team to own significant equity in
their firm while maintaining operational autonomy. AMG's strategy is to generate growth through
the internal growth of existing Affiliates, as well as through investments in
new Affiliates. In addition, AMG
provides centralized assistance to its Affiliates in strategic matters,
marketing, distribution, product development and operations. As of March 31, 2010, the aggregate
assets under management of AMG's Affiliates were approximately $260 billion in
more than 350 investment products across a broad range of investment styles,
asset classes and distribution channels.
For more information, please visit the Company's website at www.amg.com.
Certain matters
discussed in this press release may constitute forward-looking statements
within the meaning of the federal securities laws. Actual results and the timing of certain
events could differ materially from those projected in or contemplated by the
forward-looking statements due to a number of factors, including changes in the
securities or financial markets or in general economic conditions, the
availability of equity and debt financing, competition for acquisitions of
interests in investment management firms, the ability to close pending
investments, the investment performance of our Affiliates and their ability to
effectively market their investment strategies, and other risks detailed from
time to time in AMG's filings with the Securities and Exchange Commission. Reference is hereby made to the "Cautionary
Statements" set forth in the Company's Form 10-K for the year ended December 31,
2009.
AMG routinely
posts information that may be significant for investors in the Investor
Information section of its website, and encourages investors to consult that
section regularly. For additional
information, please visit www.amg.com.
###
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1074828-000116169710000542-ex991 | EX-99
2
ex991.htm
PRESS RELEASE DATED 06-09-2010
_
Exhibit 99.1
PRESS RELEASE
Contact
For Release
Lynn Felsinger
Visualant, Inc.
206.903.1351 phone
206.903.1352 fax
lynn@visualant.net
Visualant Acquires TransTech Systems; Details Growth Strategy
Seattle, WA. June 9, 2010/
Business Wire
Visualant, Inc. (OTCBB: VSUL)
(the "Company), an emerging leader in security and authentication systems technology, announced today the completion of its acquisition of TransTech Systems, Inc. ("TransTech") of Aurora, OR on June 8, 1010.
TransTech, founded in 1994, is a distributor of access control and authentication systems serving the security and law enforcement markets. With recorded revenues of $10 million in 2009, TransTech has a respected national reputation for outstanding product knowledge, sales and service excellence. Their management team is lead by TransTech founder, Jim Gingo, a highly regarded industry veteran and one of the early members of the Document Security Alliance, an organization co-founded by the United States Secret Service and concerned industry representatives after the events of 9/11. He sits on the Board of the Security Industry Association. Gingo is also joining the Visualant Board of Directors with the closing of the acquisition.
"This acquisition is a major milestone that marks the start of a dramatic phase of growth and development for our company", said Visualant CEO Ron Erickson.
According to Erickson, Visualant's strategy is to accelerate market entry and penetration through the acquisition of well-operated and positioned distributors of security and authentication systems like TransTech, thus creating a natural distribution channel for products featuring the company's proprietary Spectrum Pattern Matching (SPM) technology.
"We believe following this strategy accelerates the company's access to national distribution channels and an established base of customers", Erickson commented. "We can create new, and enhance existing products based on Visualant's SPM technology. This will stimulate product sales and generate new revenue, enhancing profitability across the entire distribution network. We believe we can quickly increase the value of both our technology and of the distribution companies we acquire which will provide a tremendous value to our shareholders".
TransTech CEO and industry veteran, Jim Gingo, agrees. "This is truly a case in which the whole is greater than the sum of the parts." said Gingo. "I believe Visualant's SPM technology can create the next generation of more powerful sensors and authentication products eagerly sought by law enforcement and security professionals in this $76 billion worldwide market".
Erickson states, "Visualant's strategy, over the next 18 to 24 months, is to generate combined annual revenue in the range of $35 to $50 million, through the acquisition of other high quality companies complementary to TransTech. "We believe TransTech does the job of bringing Visualant's SPM technology to the market, and drives growth in product sales", Erickson added. "We have already identified a number of truly exciting launch potentials for the technology, and we continue to get an enthusiastic response from prospective customers and security system developers alike".
About Visualant, Inc.
Visualant, Inc. is an emerging leader in security and authentication systems technology. Through its wholly-owned subsidiary, TransTech Systems, Inc., the Company provides security and authentication solutions to security and law enforcement markets throughout the United States.
Safe Harbor Statement
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: 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) regarding us and our business, financial condition, results of operations and prospects. Forward-looking statements in this press release reflect the good faith judgment of our management and are based on facts and factors currently known to us. Forward-looking statements are subject to risks and uncertainties, and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements as a result of either the matters set forth or incorporated in this press release generally or certain economic and business factors, some of which may be unknown to and/or beyond the control of Visualant, Inc.. Specifically, we are exposed to various risks related to our need for additional financing to support our technology development, acquiring or investing in new businesses and ongoing operations, the sale of a significant number of our shares of common stock could depress the price of our common stock, the market price of our common stock may be volatile, and we may incur losses in the future. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. We do not undertake, and we expressly disclaim, any obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of the press release.
| [
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65312-000117494718000192-ex99-1 | EX-99.1
7
ex99-1.htm
EX-99.1
From: EnviroStar, Inc.
290 NE 68 Street
Miami, FL 33138
Henry M. Nahmad (305) 754-8676
Michael Steiner (305) 754-8676
FOR RELEASE at 8:00AM on Monday February 12, 2018
EnviroStar Completes the Acquisitions of AAdvantage Laundry
Systems and Sky-Rent
Miami, Florida - February 12, 2018 -
EnviroStar, Inc. (NYSE American: EVI) announced that it completed the acquisition of Zuf Acquisitions I LLC d/b/a/ AAdvantage Laundry
Systems, a Dallas, Texas based distributor of commercial laundry products and a provider of installation and maintenance services,
and Sky-Rent LP, a Dallas, Texas based provider of commercial laundry rental solutions (collectively "AAdvantage").
Henry M. Nahmad, EVI's Chairman and Chief
Executive Officer, commented: "AAdvantage represents EVI's first investment in the southcentral region of the United
States. This investment is consistent with our plan to build North America's largest commercial laundry distributor delivering
a comprehensive product offering, world-class installation and maintenance services, and advanced technologies that deliver on
our pursuit of growth. We welcome all 51 members of the AAdvantage team and are excited to work together in the years ahead".
About EnviroStar
EnviroStar, Inc. is a distributor of commercial,
industrial, and vended laundry products and industrial boilers, including related parts and supplies. Through its subsidiaries,
EVI sells its products and provides installation and maintenance services to thousands of customers across the United States, the
Caribbean, and Latin America. EVI seeks to grow its North American market share through the execution of its buy-and-build strategy.
In that pursuit, EVI intends to focus on buying market-leading laundry and commercial cleaning products businesses, and building
them through the implementation of a growth culture that focuses on adding new locations, offering a more expansive and complimentary
product line, and delivering a vast array of technical services.
Forward-Looking Statements
Except for the historical matters contained
herein, statements in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking statements are subject to a number of known and unknown risks and uncertainties
that may cause actual results, trends, performance or achievements of EnviroStar, or industry trends and results, to differ from
the future results, trends, performance or achievements expressed or implied by such forward-looking statements. These risks and
uncertainties include, among others, that the acquisitions of AAdvantage and Sky-Rent may not be accretive to EnviroStar's
earnings or otherwise have a positive impact on EnviroStar's operating results or financial condition to the extent anticipated
or at all, integration risks, risks related to the business, operations and prospects of each of AAdvantage and Sky-Rent and EnviroStar's
plans with respect thereto, and the risks related to EnviroStar's operations, results, financial condition, financial resources,
and growth strategy, including EnviroStar's ability to find and complete other acquisition opportunities, and the impact
of any such acquisitions on EnviroStar's operations, results and financial condition. Reference is also made to other economic,
competitive, governmental, technological and other risks and factors discussed in EnviroStar's filings with the Securities
and Exchange Commission, including, without limitation, those disclosed in the "Risk Factors" section of EnviroStar's
Annual Report on Form 10-K for the fiscal year ended June 30, 2017 filed with the SEC on September 28, 2017. Many of these risks
and factors are beyond EnviroStar's control. In addition, past performance and perceived trends may not be indicative of
future results. EnviroStar cautions that the foregoing factors are not exclusive. The reader should not place undue reliance on
any forward-looking statement, which speaks only as of the date made. EnviroStar does not undertake to, and specifically disclaims
any obligation to, update or supplement any forward-looking statement, whether as a result of changes in circumstances, new information,
subsequent events or otherwise, except as may be required by law.
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1304421-000117184314004890-exh_991 | EX-99.1
5
exh_991.htm
EXHIBIT 99.1
Consolidated Communications Completes Acquisition of Enventis Corporation
EXHIBIT 99.1
Consolidated Communications Completes Acquisition of Enventis Corporation
MATTOON, Ill., Oct. 16, 2014 (GLOBE NEWSWIRE) -- Consolidated Communications Holdings, Inc. ("Consolidated") (Nasdaq:CNSL) announced today that it has completed the previously announced acquisition of Enventis Corporation ("Enventis") (Nasdaq:ENVE).
"We are excited to finalize the acquisition and are looking forward to the opportunities that lie ahead", said Bob Currey, Consolidated's Chairman and Chief Executive Officer. "This transaction with Enventis brings together two companies with similar strategies and consistent cash flows. The combined company will utilize its extensive fiber network to deliver a diverse set of revenues across multiple markets resulting in a stronger, more competitive company".
At the effective time of the merger, shares of Enventis common stock will be converted into the right to receive 0.7402 shares of common stock of the Company.
No fractional shares of Company common stock will be issued to any Enventis shareholder in the Merger. Each Enventis shareholder who would otherwise have been entitled to receive a fraction of a share of Company common stock in the Merger will receive an amount in cash (without interest), rounded to the nearest whole cent, equal to the product obtained by multiplying (i) the fractional share of Company common stock to which such holder would otherwise be entitled by (ii) $25.40 (which represents the last reported sale price of Company common stock on the Nasdaq Stock Market on the last complete trading day prior to the date of the effective time of the Merger).
About Consolidated
Consolidated Communications Holdings, Inc. is a leading communications provider within its six state operations of California, Illinois, Kansas, Missouri, Pennsylvania and Texas. Headquartered in Mattoon, IL, Consolidated has been providing services in many of its markets for over a century. With one of the highest quality networks in the industry, Consolidated offers a wide range of communications services, including IP-based digital and high definition television, high speed internet, Voice over IP, carrier access, directory publishing and local and long distance service.
Safe Harbor
The Securities and Exchange Commission ("SEC") encourages companies to disclose forward-looking information so that investors can better understand a company's future prospects and make informed investment decisions. Certain statements in this press release are forward-looking statements and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. These forward-looking statements reflect, among other things, our current expectations, plans, strategies, and anticipated financial results. There are a number of risks, uncertainties, and conditions that may cause our actual results to differ materially from those expressed or implied by these forward-looking statements. These risks and uncertainties include our ability to complete the acquisition of Enventis and successfully integrate Enventis' operations and realize the synergies from the acquisition, as well as a number of factors related to our business and that of Enventis, including economic and financial market conditions generally and economic conditions in Consolidated's and Enventis' service areas; various risks to shareholders of not receiving dividends and risks to Consolidated's ability to pursue growth opportunities if Consolidated continues to pay dividends according to the current dividend policy; various risks to the price and volatility of Consolidated's common stock; changes in the valuation of pension plan assets; the substantial amount of debt and Consolidated's ability to repay or refinance it or incur additional debt in the future; Consolidated's need for a significant amount of cash to service and repay the debt and to pay dividends on the common stock; restrictions contained in the debt agreements that limit the discretion of management in operating the business; regulatory changes, including changes to subsidies, rapid development and introduction of new technologies and intense competition in the telecommunications industry; risks associated with Consolidated's possible pursuit of acquisitions; system failures; losses of large customers or government contracts; risks associated with the rights-of-way for the network; disruptions in the relationship with third party vendors; losses of key management personnel and the inability to attract and retain highly qualified management and personnel in the future; changes in the extensive governmental legislation and regulations governing telecommunications providers and the provision of telecommunications services; telecommunications carriers disputing and/or avoiding their obligations to pay network access charges for use of Consolidated's and Enventis' network; high costs of regulatory compliance; the competitive impact of legislation and regulatory changes in the telecommunications industry; and liability and compliance costs regarding environmental regulations. A detailed discussion of these and other risks and uncertainties that could cause actual results and events to differ materially from such forward-looking statements are discussed in more detail in Consolidated's and Enventis' filings with the Securities and Exchange Commission, including their reports on Form 10-K and Form 10-Q. Many of these circumstances are beyond our ability to control or predict. Moreover, forward-looking statements necessarily involve assumptions on our part. These forward-looking statements generally are identified by the words "believe", "expect", "anticipate", "estimate", "project", "intend", "plan", "should", "may", "will", "would", "will be", "will continue" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of Consolidated Communications Holdings, Inc. and its subsidiaries to be different from those expressed or implied in the forward-looking statements. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the cautionary statements that appear throughout this press release. Furthermore, forward-looking statements speak only as of the date they are made. Except as required under the federal securities laws or the rules and regulations of the Securities and Exchange Commission, we disclaim any intention or obligation to update or revise publicly any forward-looking statements. You should not place undue reliance on forward-looking statements.
CONTACT: Matt Smith
VP of Finance & Treasurer
217-258-2959
matthew.smith@consolidated.com
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"CONTACT",
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"Matt",
"Smith",
"VP",
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"217",
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"matthew.smith@consolidated.com"
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] |
77551-000134100408002994-ex99 | EX-99
2
ex99.htm
PRESS RELEASE
ex99.htm
Exhibit
99
INVITROGEN
AND APPLIED BIOSYSTEMS COMPLETE MERGER
CARLSBAD, Calif.
- (BUSINESS
WIRE)
- Invitrogen
Corporation (NASDAQ: IVGN) and Applied Biosystems Inc. (NYSE: ABI) today
announced the successful completion of their merger transaction. The
new company will be named Life Technologies Corporation and will be traded on
the NASDAQ Global Select Market under the ticker symbol "LIFE" beginning
November 24, 2008.
"This is an exciting time in the history
of Invitrogen and Applied Biosystems", said
Greg Lucier, Chairman and
Chief Executive Officer of Life Technologies
. "By combining these two highly respected brands, we are not only creating a stronger
company, but an industry thought leader
, uniquely positioned to help our
customers accelerate and drive new discoveries and commercial
applications.
"
On behalf of the new management
team, I want to welcome all employees to our new company", Lucier
added. "I am confident that together we will change the future of
life science".
Merger Consideration Election
Results
Preliminary results of elections made by
Applied Biosystems stockholders regarding their preferences as to the form of
merger consideration were announced on November 20, 2008. The majority of
Applied Biosystems stockholders elected to receive their consideration in the
form of all cash. As a result, those stockholders who have elected to receive
the cash consideration will receive slightly more cash and slightly fewer shares
than they would have received if they had elected the mixed consideration. The
company expects to have final election results and pro-rated disbursement
figures determined by November 28, 2008, at which time the company will make an
announcement with such figures. Disbursements of proceeds are expected to be
made no later than the first week of December.
About Life
Technologies
Life
Technologies (NASDAQ: LIFE - News) is a global biotechnology tools company
dedicated to improving the human condition. Our systems, consumables
and services enable researchers to accelerate scientific exploration, driving to
discoveries and developments that make life even better. Life
Technologies customers do their work across the biological spectrum, working to
advance personalized medicine, regenerative science, molecular diagnostics,
agricultural and environmental research, and 21st century
forensics. The company has historical sales of approximately $3.5
billion, employs 9,500 people, has a presence in more than 100 countries, and
possesses a rapidly growing intellectual property estate of over 3,600 patents
and exclusive licenses. Life Technologies was created by the
combination of Invitrogen Corporation and Applied Biosystems Inc. For
more information on how we are making a difference please visit our website:
www.lifetechnologies.com
Safe
Harbor Statement
Certain
statements contained in this press release are considered "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995, and it is Life Technologies intent that such statements be protected by
the safe harbor created thereby. Potential risks and uncertainties include, but
are not limited to: potential difficulties that may be encountered in
integrating the merged businesses; potential uncertainties regarding market
acceptance of Life Technologies; Life Technologies' ability to protect its
intellectual property rights; competitive responses to the merger; an economic
downturn, including the deterioration in economic and market conditions
currently being experienced; risks that revenues may be lower than expected;
Life Technologies' ability to make accurate estimates and control costs; Life
Technologies' and its partners' ability to bid on, win, perform and renew
contracts and projects; the need to develop new products and adapt to
significant technological change; exposure to environmental liabilities and
litigation; liabilities for pending and future litigation; the impact of changes
in laws and regulations; industry competition; Life Technologies' ability to
attract and retain key employees; employee, agent or partner misconduct; risks
associated with changes in equity-based compensation requirements; Life
Technologies' leveraged position and ability to service debt; risks associated
with international operations; third-party software risks; terrorist and natural
disaster risks; anti-takeover risks and other factors; as well as other risks
and uncertainties detailed from time to time in Life Technologies' Securities
and Exchange Commission filings.
Contact
Information:
Amanda
Clardy
760-476-7075
Amanda.clardy@invitrogen.com
or
Farnaz
Khadem, 760-603-7245
Farnaz.khadem@invitrogen.com
| [
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786765-000114420409037031-v154627_ex99-1 | EX-99.1
7
v154627_ex99-1.htm
Exhibit
99.1
CONTACT
:
Butler
International, Inc.
Ronald
Uyematsu
954-761-2201
Butler
America LLC
Robert
Olson
805-880-1930
July 9,
2009
BUTLER
COMPLETES SALE OF ASSETS TO BUTLER AMERICA
Ft.
Lauderdale, FL..
.
Butler International, Inc. (BUTL.PK), a leading provider of
Engineering Support and TechOutsourcing services, announced today that it has
completed its previously announced sale of substantially all of its
non-publishing assets to Butler America LLC.
Butler
International was granted bankruptcy court approval on July 1, 2009 to proceed
with the sale, and closed the transaction on July 7, 2009 for consideration of
approximately $26.2 million in cash, plus the assumption of certain
liabilities. Proceeds from the sale were sufficient to pay off the
debt owed to General Electric Capital Corporation.
Ronald
Uyematsu, CEO and President of Butler International stated "Butler America
represents a new opportunity for the business, which has a 60+ year history of
providing quality services. This sale provides the financial strength
to enable the historical business to grow and expand its services".
About
Butler International, Inc.
Butler International, Inc.
is
a leading provider of Engineering and Technical Outsourcing services, helping
customers worldwide increase performance and savings. Butler
International's global services model provides clients with onsite, offsite, or
offshore service delivery options customized appropriately to their unique
objectives. During its 62-year history of providing services, Butler
International has served many prestigious companies through its industry groups,
which include clients in the aircraft/aerospace, federal/defense,
communications, consumer and manufacturing and commercial sectors.
Information
contained in this press release, other than historical information, may be
considered forward-looking in nature as such it is based upon certain
assumptions and is subject to various risks and uncertainties, which may not be
controllable by Butler International. Actual results may differ materially
from forward-looking statements due to a number of risks and uncertainties
including: developments in the previously disclosed bankruptcy proceedings,
liabilities assumed by Butler America in the acquisition of Butler International
assets may be greater than anticipated; key personnel may not remain with Butler
America following the closing of the Butler America asset acquisition; the
anticipated synergies from the acquisition of the Butler International assets
may not be achieved; the combined operations may not be successfully integrated
in a timely manner, if at all; and economic conditions impacting the staffing
decisions of Butler America's customers.
Mindpower
for a Changing World
SM
World
Headquarters
New
River Center, 200 E. Las Olas Blvd.
Ft.
Lauderdale, FL 33301
www.butler.com
| [
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317788-000114420408059495-v129773_ex99-1 | EX-99.1
12
v129773_ex99-1.htm
MANDALAY
MEDIA COMPLETES $22.8 MILLION ACQUISITION OF AMV HOLDING LIMITED AND SECURES
$4.5 MILLION EQUITY FINANCING
Combination
of AMV and Twistbox Creates Next Generation Mobile Media and Marketing
Company
LOS
ANGELES
-
(October 27, 2008) - Mandalay
Media, Inc.
(MNDL.OB) (the "Company") announced today the completion of the acquisition of
AMV
Holding Limited
("AMV"),
a European leader in direct-to-consumer mobile Internet content and services.
The Company paid $10.75 million in a combination of cash and the issuance of
a
promissory note, as well as delivered an aggregate of 4.5 million shares of
the
Company based on the value of $2.67 per share. Concurrent with the closing
of
the acquisition, the Company secured a $4.5 million equity financing at $2.67
per share, which includes 50% warrant coverage with each warrant having an
exercise price of $2.67 per share. Further details of the transactions will
be
available in a Current Report on Form 8-K, to be filed by the Company with
the
Securities and Exchange Commission. AMV will be integrated with Mandalay Media's
mobile subsidiary, Twistbox
Entertainment, Inc.
("Twistbox"). Together Twistbox and AMV will employ over 200 people, with
offices in the Unites States, United Kingdom, Germany, Poland, Russia, Mexico
and Brazil. AMV's UK offices in Marlow will serve as the Company's European
mobile headquarters.
Twistbox
and AMV have a combined distribution and reach in excess of 1.2 billion mobile
devices. On a monthly basis, the Company's current services and destinations
represent a growing base of more than three million mobile subscribers and
in
excess of 100 million page views. On a pro forma basis for the six months ending
March 31, 2009 (i.e., the second half of the Company's fiscal year), combined
revenues are expected to be in excess of $30 million, with EBITDA (excluding
stock option expense) of approximately $4 million. The forward looking pro
forma
estimates are based on April 1, 2008 to September 30, 2008 historical operating
results for both AMV and Twistbox and do not include anticipated operating
efficiencies or synergies.
"The
acquisition of AMV allows us to almost triple our monthly mobile revenue while
gaining the scale and profitability to be a worldwide force in the expansive
mobile content arena", said Bruce Stein, CEO of Mandalay Media. "Mobile is the
first of several digital media businesses that Mandalay plans to build. The
combination of Twistbox and AMV is a great example of what our team and platform
is capable of creating in just eight months".
"The
combination of Twistbox's global on-deck distribution with AMV's
direct-to-consumer expertise uniquely positions Mandalay Media to deliver
compelling consumer propositions while maximizing revenues for its wireless
operator and content partners", stated Twistbox CEO Ian Aaron. "AMV's Founders
and Managing Directors Nate MacLeitch and Jack Cresswell have demonstrated
over
the past four years their ability to drive both growth and profitability in
a
rapidly developing European mobile market while positioning AMV as a leader
and
innovator in marketing mobile internet services".
"This
is
a great opportunity to take our direct-to-consumer business to the next level,"
stated Nate MacLeitch. "We are excited about the opportunity to accelerate our
revenue growth by taking our proven products and mobile marketing capabilities
into Twistbox territories including the United States, Europe, Latin America
and
Asia and enhance our offering with Twistbox's stable of leading consumer branded
content and partnerships. We see a great opportunity in these market conditions
to leverage the platform created by Mandalay Media to grow our business
organically and through other strategic acquisitions".
About
AMV Holding Limited:
AMV
is a
leading mobile media and marketing company delivering games and lifestyle
content directly to consumers in the United Kingdom, Australia, South Africa
and
various other European countries. AMV markets its well established branded
services including Bling,
Phonebar
and
GameZone
through
a unique Customer Relationship Management (CRM) platform that drives revenue
through mobile internet, print and TV advertising. For more information, please
visit www.amvholding.com.
About
Twistbox Entertainment, Inc.:
Twistbox
is a leading global producer and publisher of mobile entertainment. Twistbox
has
exclusive licenses with industry-leading brands, direct distribution with more
than 120 wireless operators in over 45 countries and provides an extensive
portfolio of award-winning games, WAP sites and mobile TV channels. For more
information, please visit www.twistbox.com.
.
About
Mandalay Media, Inc.:
Managed
by
leading media and technology industry executives, the Company's mission is to
build a unique combination of new media distribution and content companies
through acquisitions with domestic and foreign businesses with strong management
teams and historical financial performance. For
more
information, please visit www.mandalaymedia.com.
Safe
Harbor:
This
press release contains forward-looking statements about the Company within
the
meaning of the Private Securities Litigation Reform Act of 1995. Statements
including words such as "estimate", "expect", "anticipate" or "believe" and
statements in the future tense are forward-looking statements. These
forward-looking statements are subject to risks and uncertainties that could
cause actual events or actual future results to differ materially from the
expectations set forth in the forward-looking statements. Some of the factors
which could cause the Company's results to differ materially from the
expectations include the following: consumer demand for the Company's products;
consumer spending trends; fluctuations in the currencies of the countries in
which the Company operates against the US dollar; timely development and release
of the Company's products; competition in the industry; the Company's ability to
manage expenses; the Company's ability to manage and sufficiently integrate
acquisitions of other companies; adverse changes in the securities markets;
and
other factors described in our filings with the SEC, including our Annual Report
on Form 10-KT for the transition period from January 1, 2008 to March 31, 2008.
The Company does not undertake, and specifically disclaim any obligation, to
release publicly the results of any revisions that may be made to any
forward-looking statements to reflect the occurrence of anticipated or
unanticipated events or circumstances after the date of such
statements.
Contacts:
Mandalay
Media
+1-310-601-2500
Bruce
Stein
CEO
bstein@mandalaymedia.com
or
Twistbox
Entertainment
+1-818-301-6222
Ian
Aaron
President/CEO
ian@twistbox.com
#
#
#
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".",
"The",
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"\"",
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"-",
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"consumer",
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"Mandalay",
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"\"",
",",
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"Twistbox",
"CEO",
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"Aaron",
".",
"\"",
"AMV",
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"Directors",
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"MacLeitch",
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"\"",
"This",
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"-",
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".",
"\"",
"We",
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"our",
"revenue",
"growth",
"by",
"taking",
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"and",
"mobile",
"marketing",
"capabilities",
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"territories",
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"States",
",",
"Europe",
",",
"Latin",
"America",
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"stable",
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"content",
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".",
"We",
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"\"",
".",
"About",
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"Holding",
"Limited",
":",
"AMV",
"is",
"a",
"leading",
"mobile",
"media",
"and",
"marketing",
"company",
"delivering",
"games",
"and",
"lifestyle",
"content",
"directly",
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"consumers",
"in",
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"United",
"Kingdom",
",",
"Australia",
",",
"South",
"Africa",
"and",
"various",
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".",
"AMV",
"markets",
"its",
"well",
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"branded",
"services",
"including",
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",",
"Phonebar",
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"through",
"a",
"unique",
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"Relationship",
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"(",
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")",
"platform",
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"drives",
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"through",
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"internet",
",",
"print",
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"TV",
"advertising",
".",
"For",
"more",
"information",
",",
"please",
"visit",
"www.amvholding.com",
".",
"About",
"Twistbox",
"Entertainment",
",",
"Inc",
".",
":",
"Twistbox",
"is",
"a",
"leading",
"global",
"producer",
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"entertainment",
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"Twistbox",
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"-",
"leading",
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"direct",
"distribution",
"with",
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"120",
"wireless",
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"-",
"winning",
"games",
",",
"WAP",
"sites",
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"TV",
"channels",
".",
"For",
"more",
"information",
",",
"please",
"visit",
"www.twistbox.com",
".",
".",
"About",
"Mandalay",
"Media",
",",
"Inc",
".",
":",
"Managed",
"by",
"leading",
"media",
"and",
"technology",
"industry",
"executives",
",",
"the",
"Company",
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"mission",
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"build",
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"media",
"distribution",
"and",
"content",
"companies",
"through",
"acquisitions",
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"domestic",
"and",
"foreign",
"businesses",
"with",
"strong",
"management",
"teams",
"and",
"historical",
"financial",
"performance",
".",
"For",
"more",
"information",
",",
"please",
"visit",
"www.mandalaymedia.com",
".",
"Safe",
"Harbor",
":",
"This",
"press",
"release",
"contains",
"forward",
"-",
"looking",
"statements",
"about",
"the",
"Company",
"within",
"the",
"meaning",
"of",
"the",
"Private",
"Securities",
"Litigation",
"Reform",
"Act",
"of",
"1995",
".",
"Statements",
"including",
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"as",
"\"",
"estimate",
"\"",
",",
"\"",
"expect",
"\"",
",",
"\"",
"anticipate",
"\"",
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"\"",
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"\"",
"and",
"statements",
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"future",
"tense",
"are",
"forward",
"-",
"looking",
"statements",
".",
"These",
"forward",
"-",
"looking",
"statements",
"are",
"subject",
"to",
"risks",
"and",
"uncertainties",
"that",
"could",
"cause",
"actual",
"events",
"or",
"actual",
"future",
"results",
"to",
"differ",
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"from",
"the",
"expectations",
"set",
"forth",
"in",
"the",
"forward",
"-",
"looking",
"statements",
".",
"Some",
"of",
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"factors",
"which",
"could",
"cause",
"the",
"Company",
"'s",
"results",
"to",
"differ",
"materially",
"from",
"the",
"expectations",
"include",
"the",
"following",
":",
"consumer",
"demand",
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";",
"consumer",
"spending",
"trends",
";",
"fluctuations",
"in",
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"currencies",
"of",
"the",
"countries",
"in",
"which",
"the",
"Company",
"operates",
"against",
"the",
"US",
"dollar",
";",
"timely",
"development",
"and",
"release",
"of",
"the",
"Company",
"'s",
"products",
";",
"competition",
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"the",
"industry",
";",
"the",
"Company",
"'s",
"ability",
"to",
"manage",
"expenses",
";",
"the",
"Company",
"'s",
"ability",
"to",
"manage",
"and",
"sufficiently",
"integrate",
"acquisitions",
"of",
"other",
"companies",
";",
"adverse",
"changes",
"in",
"the",
"securities",
"markets",
";",
"and",
"other",
"factors",
"described",
"in",
"our",
"filings",
"with",
"the",
"SEC",
",",
"including",
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"Annual",
"Report",
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"-",
"KT",
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"1",
",",
"2008",
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"31",
",",
"2008",
".",
"The",
"Company",
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",",
"and",
"specifically",
"disclaim",
"any",
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",",
"to",
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"the",
"results",
"of",
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"forward",
"-",
"looking",
"statements",
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"reflect",
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"occurrence",
"of",
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"or",
"unanticipated",
"events",
"or",
"circumstances",
"after",
"the",
"date",
"of",
"such",
"statements",
".",
"Contacts",
":",
"Mandalay",
"Media",
"+",
"1",
"-",
"310",
"-",
"601",
"-",
"2500",
"Bruce",
"Stein",
"CEO",
"bstein@mandalaymedia.com",
"or",
"Twistbox",
"Entertainment",
"+",
"1",
"-",
"818",
"-",
"301",
"-",
"6222",
"Ian",
"Aaron",
"President",
"/",
"CEO",
"ian@twistbox.com",
"#",
"#",
"#"
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1010086-000114036118042027-ex99_1 | EX-99.1
4
ex99_1.htm
EXHIBIT 99.1
Exhibit 99.1
SIGA Announces Priority Review Voucher Transaction Totaling $80 Million
November 1, 2018, 7:30am ET
NEW YORK -- SIGA Technologies, Inc. (SIGA) (NASDAQ: SIGA), a commercial-stage pharmaceutical company focused on the health security market, today
announced that it has entered into an agreement to sell its medical countermeasures priority review voucher (PRV) for a lump sum payment of $80 million. SIGA was awarded the PRV in July 2018 upon approval by the U.S. Food and Drug
Administration (FDA) of oral TPOXX® for the treatment of smallpox. The PRV was awarded by FDA under a provision that encourages development of medical countermeasures enacted as part of the 21
st
Century Cures Act (Public Law
114-255).
"The opportunity to complete transactions like this is an important incentive for the continued development of products like TPOXX and will help us
continue to drive value for our partners in Health Security as well as our own business." said Dr. Phil Gomez, CEO of SIGA. "SIGA is proud to have worked closely with BARDA, CDC, the FDA and other stakeholders to make TPOXX the first
FDA-approved countermeasure eligible under this important program".
Leerink Partners LLC acted as financial advisor to SIGA and Covington & Burling LLP acted as legal advisor.
ABOUT SIGA TECHNOLOGIES, INC. and TPOXX
®
SIGA Technologies, Inc. is a commercial-stage pharmaceutical company focused on the health security market. Health security comprises countermeasures
for biological, chemical, radiological and nuclear attacks (biodefense market), vaccines and therapies for emerging infectious diseases, and health preparedness. Our lead product is TPOXX
®
, also known as tecovirimat and ST-246®, an
orally administered and IV formulation antiviral drug for the treatment of human smallpox disease caused by variola virus. TPOXX is a novel small-molecule drug of which 2 million oral courses have been delivered to the Strategic National
Stockpile under Project BioShield. The oral formulation of TPOXX was approved by the FDA for the treatment of smallpox on July 13, 2018. In September 2018, SIGA signed a new contract with Biomedical Advanced Research and Development Authority
(BARDA) for additional procurement and development related to both oral and intravenous formulations of TPOXX. For more information about SIGA, please visit www.siga.com.
About Smallpox
1
Smallpox is a contagious, disfiguring and often deadly disease that has affected humans for thousands of years. Naturally-occurring smallpox was
eradicated worldwide by 1980, the result of an unprecedented global immunization campaign. Samples of smallpox virus have been kept for research purposes. This has led to concerns that smallpox could someday be used as a biological warfare
agent. A vaccine can prevent smallpox, but the risk of the current vaccine's side effects is too high to justify routine vaccination for people at low risk of exposure to the smallpox virus.
FORWARD-LOOKING STATEMENTS
This press release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as
amended. Such forward-looking statements are subject to various known and unknown risks and uncertainties, and SIGA cautions you that any forward-looking information provided by or on behalf of SIGA is not a guarantee of future performance.
More detailed information about SIGA and risk factors that may affect the realization of forward-looking statements, including the forward-looking statements in this press release, is set forth in SIGA's filings with the Securities and Exchange
Commission, including SIGA's Annual Report on Form 10-K for the fiscal year ended December 31, 2017, and in other documents that SIGA has filed with the SEC. SIGA urges investors and security holders to read those documents free of charge at
the SEC's web site at http://www.sec.gov. Interested parties may also obtain those documents free of charge from SIGA. Forward-looking statements are current only as of the date on which such statements were made, and except for our ongoing
obligations under the United States of America federal securities laws, we undertake no obligation to update publicly any forward-looking statements whether as a result of new information, future events, or otherwise.
The information contained in this press release does not necessarily reflect the position or the policy of the Government and no
official endorsement should be inferred.
Contacts:
Investors
David Carey
212-867-1768
dcarey@lazarpartners.com
Media
Stephanie Seiler
206-713-0124
sseiler@lazarpartners.com
1
http://www.mayoclinic.org/diseases-conditions/smallpox/basics/definition/con-20022769
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919794-000110465908061868-a08-24924_1ex99d1 | EX-99.1
4
a08-24924_1ex99d1.htm
EX-99.1
Exhibit 99.1
News
Announcement
For
Immediate Release
For more information contact:
Omar Choucair
Joseph Jaffoni
Chief
Financial Officer
Jaffoni &
Collins Incorporated
DG FastChannel, Inc.
212/835 8500 or
dgit@jcir.com
972/581-2000
DG
FASTCHANNEL
®
COMPLETES ACQUISITION OF
ENLIVEN
MARKETING TECHNOLOGIES
-
DG FastChannel Brings Integrated Advertising Solutions for the Transition
from
Traditional Analog Processes to Digital Media Solutions -
-
Unicast and Springbox Now Independent Operating Units of DG FastChannel -
-
DG FastChannel to Realize Substantial Operational and Financial Synergies -
DALLAS, TX (October 2,
2008) -
DG FastChannel, Inc.
(NASDAQ:
DGIT), a leading provider of digital media services to the advertising and
broadcast industries, announced today that its acquisition of Enliven Marketing
Technologies Corporation (NASDAQ: ENLV) was completed. Valued at approximately $71 million,
inclusive of approximately $5.0 million of debt, the Company merged with
Enliven in a stock-for-stock transaction.
Scott K. Ginsburg,
Chairman and CEO of
DG FastChannel
,
commented, "This transaction combines
DG FastChannel
's
leadership in
traditional advertising and media distribution services with
Unicast
's unique digital marketing
technologies and the creative digital marketing solutions brought to the market
by
Springbox
. As we
look forward, the Company is participating in the fastest growing
verticals in the advertising industry: HD advertising distribution, rich media
for online and mobile advertising, and digital marketing and creative
services. This expanded product mix
diversifies our revenue sources and leverages our nationwide operating
platform. Our customers and shareholders
are the beneficiaries of this expansion.
Unicast
Unicast
technology enables publishers, advertisers, and their agencies to manage the
complex process of deploying online and mobile advertising campaigns. This process includes creating the
advertising assets, selecting the sites on which the advertisements will be
deployed, setting the campaign parameters (ad rotation, the frequency with
which an ad may be deployed, and other metrics), deployment, and tracking
campaign results.
Unicast
was designed to integrate creative
assembly with campaign management and detailed performance analysis.
-more-
In addition,
Unicast
has
broad capabilities to deliver ad formats and media types, including several
different video formats, 3-D content, and all classic and custom rich media ad
units.
Unicast
is technology agnostic, delivering
advertisements that work seamlessly with all industry technologies and formats.
Springbox
Springbox
is an interactive services agency that provides best-in-class digital marketing
and creative solutions. Serving clients
of all sizes,
Springbox
helps
translate corporate identity into digital assets that enhance the brand,
captivate customers and drive business.
The company generates exceptional results through a combination of
smart, big-picture strategy and a clear focus on execution.
Springbox
has built interactive teams for AMD, Callaway Golf, Dell, Disney, LG, General
Electric and Toyota.
Unicast
and
Springbox
divisions will
become independent operating units within
DG FastChannel
.
Mr. Ginsburg added, "
DG FastChannel
now has over 850 employees
focused on digital media services for Fortune 500 advertisers and virtually
every advertising agency. We believe
this represents the largest workforce ever assembled to support the constantly
growing demands of brand owners whose marketing campaigns rely on television,
the Internet or mobile devices. With the
advent of HD advertising and the move to rich media advertising
DG FastChannel
is focused on delivering
integrated advertising solutions for the seamless transition from traditional
analog processes to digital media solutions".
Under the terms
of the merger agreement
each outstanding share of Enliven common stock
is being exchanged for 0.033 shares of
DG
FastChannel
common stock. In
aggregate,
DG FastChannel
is
issuing approximately 2.9 million shares of its common stock (exclusive of the approximately 10.75 million
Enliven shares already owned by
DG
FastChannel
). Reflecting the completion of the merger,
DG FastChannel
has approximately 20.9
million shares of common stock outstanding and Enliven has become a
wholly-owned subsidiary of
DG FastChannel
.
DG
FastChannel
expects to achieve operating and financial
synergies based on the combination of the respective operating strategies of
the Company and Enliven. The new
combined company expects to realize approximately $3 million of cost savings in
its first full year of operation as a combined entity through the elimination
of duplicative corporate overhead.
Concurrently,
DG FastChannel
expects to make substantial investments in upgrading the
Unicast
sales organization and enhancing
its ad delivery software platform.
2
Pursuant to the revised
merger agreement
DG FastChannel
's
Board of Directors will be increased from seven to eight members, with Harvey
D. Weatherson, previously Enliven's Non-Executive Chairman, joining
DG FastChannel
's Board of Directors.
About DG FastChannel
DG FastChannel
provides innovative, technology-based solutions to help advertisers and
agencies work faster, smarter and more competitively.
DG FastChannel
delivers the standard in digital media services to the advertising, broadcast
and publishing industries. Through its
Unicast
and
Springbox
operating units,
DG
FastChannel
is also a leading
Internet marketing technology company offering online marketing and advertising
solutions through a powerful combination of proprietary visualization
technology, and a premium rich media advertising platform for the creation,
delivery and reporting of premium rich media.
The Company utilizes
satellite and Internet transmission technologies and has deployed a suite of
digital media intelligence and asset management tools designed specifically for
the advertising industry, including creative and production resources, and
digital asset management. The Company has an online media distribution network
used by more than 5,000 advertisers and agencies, and over 21,000 online radio,
television, cable, network and print publishing destinations. For more information visit www.dgfastchannel.com.
Safe Harbor for Forward-Looking
Statements
Statements in this Press
Release may contain certain forward-looking statements relating to
DG FastChannel
and its expectations for achieving operating
and financial synergies as it integrates Enliven Marketing Technologies into its operating structure. All statements included in this press release
concerning activities, events or developments that
DG
FastChannel
expects, believes or anticipates will or may occur in
the future are forward-looking statements.
Actual results could differ materially from the results discussed in the
forward-looking statements.
Forward-looking statements are based on current expectations and
projections about future events and involve known and unknown risks,
uncertainties and other factors that may cause actual results and performance
to be materially different from any future results or performance expressed or
implied by forward-looking statements, including the risk that the operations
will not be integrated successfully and the risk that the expected cost savings
and other synergies from the transaction may not be fully realized, realized at
all or take longer to realize than anticipated.
Additional information on these and other risks, uncertainties and
factors is included in
DG FastChannel's
annual report on Form 10-K, quarterly reports on Form 10-Q, current
reports on Form 8-K and other documents filed with the SEC.
# # #
3
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",",
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",",
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".",
"Safe",
"Harbor",
"for",
"Forward",
"-",
"Looking",
"Statements",
"Statements",
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"All",
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"looking",
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"are",
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".",
"#",
"#",
"#",
"3"
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"O",
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] |
98720-000110465909058504-a09-30704_1ex99d1 | EX-99.1
2
a09-30704_1ex99d1.htm
EX-99.1
Exhibit 99.1
Toreador Resources Corporation
9 rue Scribe
75009 Paris France
33 1 47 03 34 24
Fax 33 1 47 03 33 71
NEWS RELEASE
TOREADOR ANNOUNCES CLOSING OF TRANSACTION WITH TIWAY OIL
PARIS,
FRANCE
- (October 7, 2009) -
Toreador Resources
Corporation (NASDAQ:TRGL) today
announced it has completed its sale of Toreador Turkey Ltd. to Tiway Oil ("Tiway"),
a private Norwegian energy company, as announced on October 1, 2009, for a
total consideration of US$10.6 million paid at closing plus exploration success
payments of up to $40 million plus contingent future net profit payments. The transaction results in a financial
gain of approximately $21.2 million, which will be recorded in the third
quarter of 2009.
ABOUT
TOREADOR
Toreador
Resources Corporation is an independent international energy company engaged in
the acquisition, development, exploration and production of crude oil. The
company holds interests in developed and undeveloped oil properties in France. More information about Toreador may be found
at the company's web site, www.toreador.net.
Forward Looking Statements
Except for the historical information contained herein, the matters set
forth in this news release are "forward-looking statements" within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section 21E
of the Securities Exchange Act of 1934, as amended. Toreador intends that all
such statements be subject to the "safe-harbor" provisions of those Acts. Many
important risks, factors and conditions may cause Toreador's actual results to
differ materially from those discussed in any such forward-looking statement.
These risks include, but are not limited to, estimates of reserves, estimates
of production, future commodity prices, exchange rates, interest rates,
geological and political risks, drilling risks, product demand, transportation
restrictions, actual recoveries of insurance proceeds, the ability of Toreador to obtain additional
capital, and other risks and uncertainties described in the company's filings
with the Securities and Exchange Commission. The historical results achieved by
Toreador are not necessarily indicative of its future prospects. The company
undertakes no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise.
# # #
CONTACT:
Shirley
Z. Anderson
Toreador
Resources Corporation
+1
(469) 364-8531
sanderson@toreador.net
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1529113-000139843214000178-exh99_3 | EX-99.3
12
exh99_3.htm
Exhibit 99.3
Exhibit 99.3
Sysorex Global Holdings Corp. Completes Acquisition of AirPatrol Corporation
SANTA CLARA, Calif.--(BUSINESS WIRE)--Sysorex Global Holdings Corp. (NASDAQ:SYRX) ("Sysorex"), an emerging growth technology company, today announced that it has completed the acquisition of AirPatrol Corporation ("AirPatrol"), a developer of location-based cybersecurity and commercial services systems for mobile devices, for $30 million consisting of $10 million of common stock, $10 million in cash (before working capital adjustments), plus an earn-out of up to $10 million in cash and stock based on AirPatrol achieving certain profitability levels. Based in Maple Lawn, Maryland, AirPatrol has 4 U.S. and 11 foreign patent applications pending for its location, security and context awareness systems that can detect and locate smartphones, tablets, laptops and other mobile devices. AirPatrol has become a subsidiary of Sysorex and will retain its management and operations.
"We are excited to see this transaction come to a close with the Sysorex team. We believe that our location-based services and security platforms will add significant mobile and cybersecurity expertise to the Sysorex group of companies"
AirPatrol is the third acquisition for Sysorex since the beginning of 2013 and further solidifies its position as an intellectual property based company delivering technology solutions. In May, 2013 Sysorex acquired Lilien Systems, an enterprise IT infrastructure and solutions provider based in Larkspur, California. In August, 2013, Sysorex acquired Shoom, Inc., a developer of cloud-based data analytics and enterprise solutions.
"The addition of AirPatrol to the Sysorex group of companies allows for the integrated development of comprehensive solutions that combine three of the highest growth sectors in technology, Big Data, cybersecurity and mobile computing", said Sysorex CEO, Nadir Ali. "We believe the synergy between AirPatrol and our other companies will help solidify Sysorex's position as a leading technology developer and provider in our industry segment", he continued.
"We are excited to see this transaction come to a close with the Sysorex team. We believe that our location-based services and security platforms will add significant mobile and cybersecurity expertise to the Sysorex group of companies", said Cleve Adams, CEO of AirPatrol. "We are also eager to leverage Sysorex's Big Data, advanced analytics, and cloud infrastructure capabilities to enhance our product suite", he added.
About Sysorex Global Holdings
Through focused, custom technology solutions, Sysorex (NASDAQ:SYRX) provides cyber security, data analytics, custom application development, cloud solutions, Mobile/BYOD solutions and strategic outsourcing to government and commercial clients in major industries around the world. From identifying security risks to helping clients realize value from their big data strategies, Sysorex has the experience, technology, partners, and agility to be your trusted IT partner. Visit www.sysorex.com, follow @SysorexGlobal and Like us on Facebook.
About AirPatrol Corporation
AirPatrol is a developer of mobile device identification and locationing systems. Its flagship product, ZoneDefense, is a security platform for wireless and cellular networks that can detect, monitor and manage the behavior of smartphones, tablets, laptops and other mobile devices based on their location. AirPatrol also offers a business-to-consumer platform called ZoneAware that allows retailers, resort owners, consumer firms and others to deliver custom content and services based on a mobile device's location. Headquartered near Washington, DC, AirPatrol has regional offices in San Diego, California, Vancouver, Canada, Sydney, Australia and Sao Paulo, Brazil. AirPatrol customers include numerous government and military agencies and large enterprises around the globe. For more information on AirPatrol Corporation and its products, call 410-290-3446, email: ledwards@airpatrolcorp.com or visit airpatrolcorp.com.
Safe Harbor Statement
All statements in this release that are not based on historical fact are "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. While management has based any forward looking statements included in this release on its current expectations, the information on which such expectations were based may change. These forward looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties and other factors, many of which are outside of our control, which could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not limited to, the fluctuation of global economic conditions, the performance of management and our employees, our ability to obtain financing, competition, general economic conditions and other factors that are to be detailed in our periodic and current reports available for review at www.sec.gov. Furthermore, we operate in a highly competitive and rapidly changing environment where new and unanticipated risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. We disclaim any intention to, and undertake no obligation to, update or revise forward-looking statements.
April 9, 2014
Contacts
Sysorex Investor Relations
CorProminence LLC
Scott Gordon, +1 631-703-4900
President
www.corprominence.com
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"Safe",
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"Furthermore",
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"April",
"9",
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"Contacts",
"Sysorex",
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"CorProminence",
"LLC",
"Scott",
"Gordon",
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1419612-000117891319000150-exhibit_99-1 | EX-99.1
2
exhibit_99-1.htm
EXHIBIT 99.1
Exhibit 99.1
SolarEdge Announces Closing of S.M.R.E. Spa Acquisition
Fremont, California and Umbertide, Italy- January 25, 2019
- SolarEdge Technologies, Inc. ("SolarEdge") (NASDAQ: SEDG), a global leader in smart energy technology, announced today the closing of the previously announced acquisition of a majority stake (approximately 57%) of S.M.R.E Spa ("SMRE"), a provider of innovative integrated powertrain technology and electronics for electric vehicles.
"We are pleased to welcome SMRE to the SolarEdge family. We believe that our technological synergies combined with our complimentary areas of expertise will empower SolarEdge's growing business group at a time when the world is undergoing a clean energy transformation and e-mobility revolution", stated Guy Sella, CEO, Chairman and Founder of SolarEdge.
The Company's current aggregate investment to purchase the SMRE shares was increased from 51% to 57% totaling approximately $85 million, up from the expected $77 million, including transaction-related expenses. SolarEdge intends to purchase the remaining outstanding equity shares of SMRE that are currently listed on the Italian AIM (SMR.MI) over time through open-market purchases and otherwise, eventually resulting in SMRE becoming a wholly-owned subsidiary of SolarEdge.
For the acquisition, Roth Capital acted as the financial advisor for MTI Holdings, a major shareholder of SMRE.
About SolarEdge Technologies
SolarEdge is a global leader in smart energy technology. By leveraging world-class engineering capabilities and with a relentless focus on innovation, SolarEdge creates smart energy solutions that power our lives and drive future progress. SolarEdge developed an intelligent inverter solution that changed the way power is harvested and managed in photovoltaic (PV) systems. The SolarEdge DC optimized inverter seeks to maximize power generation while lowering the cost of energy produced by the PV system. Continuing to advance smart energy, SolarEdge addresses a broad range of energy market segments through its PV, storage, EV charging, batteries, UPS, and grid services solutions. SolarEdge is online at solaredge.com
Press Contact
SolarEdge Technologies
Jessica Fishman
Public and Media Relations Director
+972-523958445
Jessica.Fishman@solaredge.com
Investor Contacts
SolarEdge Technologies, Inc.
Ronen Faier, Chief Financial Officer
+1 510-498-3263
investors@solaredge.com
Sapphire Investor Relations, LLC
Erica Mannion or Michael Funari
+1 617-542-6180
investors@solaredge.com
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"O",
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"O",
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"O",
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"O",
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"O",
"O",
"O",
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] |
1085869-000114420406029786-v048268_ex99-1 | EX-99.1
4
v048268_ex99-1.htm
FOR IMMEDIATE
RELEASE
Exhibit
99.1
Contact:
Bill Davis
Perficient,
Inc.
(314)
995-8822
bill.davis@perficient.com
Perficient
Acquires Division of Digital Consulting and Software Services,
Inc.
~
Deal
Expected To Be Accretive to Earnings Per Share Immediately ~
AUSTIN,
Texas,
July
21,
2006
--Perficient, Inc. (NASDAQ: PRFT), a
leading
information technology consulting firm serving Global 2000 and other large
enterprise customers throughout the United States, today announced that
it
has acquired
the
Energy, Government and General Business (EGG) division of Digital Consulting
& Software Services, Inc. The acquired EGG division is a systems integration
consulting business with approximately $17 million in annual revenues. The
transaction is expected to increase Perficient's annualized revenues to greater
than $170
million
with more than 925
consulting, technology, sales and support professionals in 15
offices in
the
United
States and Canada and
client
relationships with more than 600 Global
2000 companies. The acquisition is expected to be accretive to earnings per
share immediately.
"This
acquisition adds a top-tier client roster as well as our first offices in the
Southeast, in Atlanta and New Orleans, while increasing the size and scope
of
our local operations in Houston", said Jack McDonald, Perficient's chairman and
chief executive officer. "It also opens substantial opportunities in the energy
vertical, for which the IT spending outlook is strong".
"Leveraging
our full suite of business-driven technology solutions and services across
an
expanding base of local offices and loyal, long-term clients is at the heart
of
our growth strategy and this transaction supports that effort", said Jeff Davis,
Perficient's president and chief operating officer. "In addition, EGG is a
Microsoft Gold Certified Partner and adds to our already deep expertise in
Microsoft-based solutions".
The
acquisition of EGG:
·
Immediately
increases Perficient's ability to deliver business-driven technology
solutions to the market;
·
Adds
more than 100 consulting, technology, sales and support professionals;
·
Expands
Perficient's national footprint into the Southeast;
and
·
Adds
client relationships with enterprise customers including Shell, Cox
Communications, US Navy, Northrup Grumman, Texas Children's Hospital,
Eagle Global Logistics, Chevron/Texaco, Schlumberger, Sysco, Reliant
Energy and many others.
"We're
thrilled to join the success story at Perficient and begin introducing their
broader portfolio of solutions and services to our clients", said Rick Donnelly,
executive vice-president of EGG. "I see tremendous cross-selling opportunities
emerging over the course of the next several years".
Donnelly
will join Perficient in a key leadership role, serving as a Senior General
Manager, reporting directly to Tom Pash, Vice-President, Field Operations.
The
consideration paid in the transaction is approximately $12.9 million excluding
transaction costs, and includes $6.4 million in cash and approximately $6.5
million worth of Perficient common stock (based on the average closing price
of
Perficient's common stock on the NASDAQ Global Select Market™ for the thirty
trading days immediately preceding the acquisition close per the terms of the
acquisition agreement). GAAP accounting will require using the closing price
of
the Company's common stock at or near the close date in reporting the value of
the stock consideration paid in the acquisition.
The
acquisition is the third this year and the eighth since 2004 for Perficient.
In
2004, the company acquired Chicago-based Genisys Consulting, Inc.,
Cincinnati-based Meritage Technologies, Inc., and Houston-based ZettaWorks
LLC.
In 2005, Perficient acquired Houston-based iPath Solutions, Ltd., and
Dallas-based Vivare, LP. Earlier this year, Perficient acquired San
Francisco-based Bay Street Solutions, a national, industry-focused CRM
consulting firm, and Insolexen, Corp., a Detroit-based business integration
firm.
#
# #
About
Perficient
Perficient
is a leading information technology consulting firm serving Global 2000 and
other large enterprise customers throughout the United States. Perficient helps
clients gain competitive advantage by using Internet-based technologies to
make
their businesses more responsive to market opportunities and threats, strengthen
relationships with customers, suppliers and partners, improve productivity
and
reduce information technology costs. Perficient is a member of the Russell
2000®
index and is traded on the Nasdaq Global Select MarketSM,
a
market for public companies that meet the highest listing standards in the
world. Perficient is an award-winning "Premier Level" IBM business partner,
a
TeamTIBCO partner, a Microsoft Gold Certified Partner, a Documentum Select
Services Team Partner and an Oracle-Siebel partner. For more information about
Perficient, which employs more than 825 professionals, please visit
www.perficient.com. IBM and WebSphere are trademarks of International Business
Machines Corporation in the United States, other countries, or
both.
About
The EGG Division of DCSS
The
Energy, Government and General Business Division of DCSS provides project
management, project support, infrastructure and network support, and software
development to its clients using its CMM level 3 certified project management
methodology and procedures. The EGG division has forged an impressive array
of
partnerships and has received advanced certifications and awards including
Certified Gold Microsoft Partner, Filenet Partner of the Year 2005, Houston's
Top 25 Software Development
Companies
and was named the 2002 Ernst & Young Entrepreneur of the Year for
IT.
#
# #
Safe
Harbor Statement
"
Safe
Harbor" statement under the Private Securities Litigation Reform Act of 1995:
This news release contains forward-looking statements that are subject to risk
and uncertainties. These forward-looking statements are based on management's
current expectations and are subject to certain risks and uncertainties that
could cause actual results to differ materially from management's current
expectations and the forward-looking statements made in this press release.
These risks and uncertainties include, but not limited to, the impact of
competitive services, demand for services like those provided by the company
and
market acceptance risks, fluctuations in operating results, cyclical market
pressures on the technology industry, the ability to manage strains associated
with the company's growth, credit risks associated with the company's accounts
receivable, the company's ability to continue to attract and retain high quality
employees, accurately set fees for and timely complete its current and future
client projects, the company's ability to identify, compete for and complete
strategic acquisition and partnership opportunities, and other risks detailed
from time to time in the company's filings with Securities and Exchange
Commission, including the most recent Form 10-K and Form 10-Q.
| [
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"the",
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"since",
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"Perficient",
".",
"In",
"2004",
",",
"the",
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"Chicago",
"-",
"based",
"Genisys",
"Consulting",
",",
"Inc",
".",
",",
"Cincinnati",
"-",
"based",
"Meritage",
"Technologies",
",",
"Inc",
".",
",",
"and",
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"-",
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"ZettaWorks",
"LLC",
".",
"In",
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",",
"Perficient",
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"Houston",
"-",
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"iPath",
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",",
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".",
",",
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"-",
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"Vivare",
",",
"LP",
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",",
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"-",
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",",
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".",
",",
"a",
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"-",
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".",
"#",
"#",
"#",
"About",
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"Perficient",
"is",
"a",
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"information",
"technology",
"consulting",
"firm",
"serving",
"Global",
"2000",
"and",
"other",
"large",
"enterprise",
"customers",
"throughout",
"the",
"United",
"States",
".",
"Perficient",
"helps",
"clients",
"gain",
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"advantage",
"by",
"using",
"Internet",
"-",
"based",
"technologies",
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"opportunities",
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",",
"strengthen",
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",",
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",",
"improve",
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"reduce",
"information",
"technology",
"costs",
".",
"Perficient",
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"the",
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"2000",
"®",
"index",
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"is",
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"Select",
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",",
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"-",
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"\"",
"Premier",
"Level",
"\"",
"IBM",
"business",
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",",
"a",
"TeamTIBCO",
"partner",
",",
"a",
"Microsoft",
"Gold",
"Certified",
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",",
"a",
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"Select",
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"Team",
"Partner",
"and",
"an",
"Oracle",
"-",
"Siebel",
"partner",
".",
"For",
"more",
"information",
"about",
"Perficient",
",",
"which",
"employs",
"more",
"than",
"825",
"professionals",
",",
"please",
"visit",
"www.perficient.com",
".",
"IBM",
"and",
"WebSphere",
"are",
"trademarks",
"of",
"International",
"Business",
"Machines",
"Corporation",
"in",
"the",
"United",
"States",
",",
"other",
"countries",
",",
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".",
"About",
"The",
"EGG",
"Division",
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"The",
"Energy",
",",
"Government",
"and",
"General",
"Business",
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",",
"project",
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",",
"infrastructure",
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"network",
"support",
",",
"and",
"software",
"development",
"to",
"its",
"clients",
"using",
"its",
"CMM",
"level",
"3",
"certified",
"project",
"management",
"methodology",
"and",
"procedures",
".",
"The",
"EGG",
"division",
"has",
"forged",
"an",
"impressive",
"array",
"of",
"partnerships",
"and",
"has",
"received",
"advanced",
"certifications",
"and",
"awards",
"including",
"Certified",
"Gold",
"Microsoft",
"Partner",
",",
"Filenet",
"Partner",
"of",
"the",
"Year",
"2005",
",",
"Houston",
"'s",
"Top",
"25",
"Software",
"Development",
"Companies",
"and",
"was",
"named",
"the",
"2002",
"Ernst",
"&",
"Young",
"Entrepreneur",
"of",
"the",
"Year",
"for",
"IT",
".",
"#",
"#",
"#",
"Safe",
"Harbor",
"Statement",
"\"",
"Safe",
"Harbor",
"\"",
"statement",
"under",
"the",
"Private",
"Securities",
"Litigation",
"Reform",
"Act",
"of",
"1995",
":",
"This",
"news",
"release",
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929454-000119312505167976-dex991 | EX-99.1
2
dex991.htm
PRESS RELEASE
Press Release
Exhibit 99.1
F
OR
I
MMEDIATE
R
ELEASE
C
ONTACTS
:
Andrew Batinovich, President and CEO
Stephen R. Saul, Executive Vice President and CFO
Phone: 650.343.9300 Fax: 650.343.7438
www.glenborough.com - shareholderservices@glenborough.com
G
LENBOROUGH
A
CQUIRES
20-S
TORY
C
LASS
A O
FFICE
IN
S
AN
F
RANCISCO
CBD
SAN MATEO, CALIFORNIA, August 11, 2005 - Glenborough Realty Trust (NYSE: GLB, GLB PrA)
announced the continued focusing of its portfolio in its top five markets with the acquisition of 33 New Montgomery a 20-story, Class "A" office tower located in the San Francisco Financial District. The building, totaling 241,794 rentable
square feet, is located at the corner of Market and New Montgomery streets directly above the Montgomery Street BART Station offering exceptional access to San Francisco's multi-modal transportation system. The building is also located within
two blocks of the Transbay Terminal. Additionally the property is located within ½ mile of Interstate 80 and Highway 101 offering commuters access to the East Bay, Oakland and the Peninsula. The purchase price was $75 million or $310/SF.
Constructed in 1986, the property's highly efficient "L" shaped
floor plates provide up to 12 corner offices per floor with panoramic bay and city views. The average floor size in the building is approximately 12,500 square feet which can accommodate either single or multi-tenant users. The building has ground
level retail space offering tenants on site amenities including full service banking, ATMs and two food establishments. The property's prominent location provides outstanding access to a wealth of amenities, including the Moscone Convention
Center, San Francisco Shopping Center, Union Square, the Sheraton Palace Hotel, Crocker Galleria Mall, and many other government, retail, cultural, and recreational amenities.
The property's distinguishing design feature is a 45 foot high signature clock tower situated at the top of the building. 33 New
Montgomery has a two-story granite and marble lobby and the building features state-of the-art building systems. The property is 92% leased to a diversified roster of 31 tenants with no single tenant leasing more than 10% of the net rentable area
(the average tenant size is 7,000 SF). Historically, the property has consistently outperformed the submarket's occupancy level. The tenant base consists primarily of prominent professional service oriented companies in the insurance,
government, finance and legal sectors.
Andrew Batinovich, President and CEO
commented, "33 New Montgomery is a well located, pedestrian friendly, mass transit oriented property located in San Francisco's Financial District. Historically well leased, the acquisition presents the opportunity to acquire a Class A
office building on Market Street at a significant discount to replacement cost".
Glenborough is a REIT which is focused on owning high quality, multi-tenant office properties concentrated in Washington D.C., Southern California, Boston, Northern New Jersey, and Northern California. The Company has a portfolio of 57
properties encompassing approximately 10 million square feet as of June 30, 2005.
# # #
400
South El Camino Real
n
San Mateo, California 94402-1708
www.glenborough.com
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718007-000092623605000167-exh99-4 | EX-99.4
5
exh99-4.txt
FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT
EXHIBIT 99.4
FIRST AMENDMENT TO
PURCHASE AND SALE AGREEMENT
---------------------------
This First Amendment to Purchase and Sale Agreement (this "Amendment")
is made and entered into this 21st day of November, 2005, by and between
CARRINGTON LABORATORIES, INC., a Texas corporation ("Seller") and RAINIER
CAPITAL MANAGEMENT, L.P., a Texas limited partnership ("Purchaser").
WHEREAS, Seller and Purchaser have entered into that certain Purchase
and Sale Agreement dated October 20, 2005 (the "Contract"), regarding that
certain property located at 2001 Walnut Hill Lane, in the City of Irving,
State of Texas, as more particularly described in the Contract (the
"Property"); and
WHEREAS, Seller and Purchaser desire to amend the Contract as further
provided herein.
NOW THEREFORE, for and in consideration of the sum of Ten Dollars
($10.00) and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged and confessed, Seller and
Purchaser hereby agree as follows:
1. Section 1.1.3 of the Contract shall be amended by reducing the
Purchase Price to Four Million Eight Hundred Thousand and No/100 Dollars
($4,800,000.00).
2. Section 1.1.14 of the Contract shall be amended such that the
Inspection Period shall be extended so as to expire on December 1, 2005.
3. Subparagraph g of Section 12.1 of the Contract shall be amended as
follows:
a. The $5,800,000.00 figure contained in the seventh line
therein shall be reduced to Five Million Seven Hundred Thousand and
No/100 ($5,700,000.00); and
b. The reference to "240 days" contained in the nineteenth line
therein shall be replaced with "365 days".
4. Section 1.1.15 shall be amended to delete the first sentence
therein in its entirety and replace the same with the following language:
"That date which December 21, 2005".
5. Section 12.1 of the Contract shall be amended to add the following
as subparagraph k: "Seller shall provide a security deposit in the amount
of One Hundred Thousand and No/100 Dollars ($100,000.00) in cash or in the
form of a letter of credit".
6. Except as amended hereby, the Contract remains unmodified and in
full force and effect. Capitalized terms used herein which are not
otherwise defined herein shall have the meaning ascribed to them in the
Contract. This Amendment may be executed in multiple counterparts, each of
which when taken together shall constitute one and the same instrument.
This Amendment may further be executed and delivered by facsimile.
IN WITNESS WHEREOF, Seller and Purchaser have executed this Amendment
as of the date first written above.
SELLER:
CARRINGTON LABORATORIES, INC.,
a Texas corporation
By:
------------------------------
Robert W. Schnitzius, CFO
PURCHASER:
RAINIER CAPITAL MANAGEMENT, L.P.,
a Texas limited partnership
By: Rainier Capital Management I, LLC,
a Texas limited liability company,
its General Partner
By:
------------------------------
J. Kenneth Dunn, President
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"1",
".",
"Section",
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"Eight",
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".",
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"Section",
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"1",
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"14",
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"2005",
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"\"",
".",
"4",
".",
"Section",
"1",
".",
"1",
".",
"15",
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"December",
"21",
",",
"2005",
"\"",
".",
"5",
".",
"Section",
"12",
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"1",
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"be",
"amended",
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"add",
"the",
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"as",
"subparagraph",
"k",
":",
"\"",
"Seller",
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"a",
"security",
"deposit",
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"the",
"amount",
"of",
"One",
"Hundred",
"Thousand",
"and",
"No",
"/",
"100",
"Dollars",
"(",
"$",
"100,000.00",
")",
"in",
"cash",
"or",
"in",
"the",
"form",
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"a",
"letter",
"of",
"credit",
"\"",
".",
"6",
".",
"Except",
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"amended",
"hereby",
",",
"the",
"Contract",
"remains",
"unmodified",
"and",
"in",
"full",
"force",
"and",
"effect",
".",
"Capitalized",
"terms",
"used",
"herein",
"which",
"are",
"not",
"otherwise",
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"herein",
"shall",
"have",
"the",
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".",
"This",
"Amendment",
"may",
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"executed",
"in",
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"counterparts",
",",
"each",
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"which",
"when",
"taken",
"together",
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"the",
"same",
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".",
"This",
"Amendment",
"may",
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"be",
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".",
"IN",
"WITNESS",
"WHEREOF",
",",
"Seller",
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"above",
".",
"SELLER",
":",
"CARRINGTON",
"LABORATORIES",
",",
"INC",
".",
",",
"a",
"Texas",
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"By",
":",
"------------------------------",
"Robert",
"W",
".",
"Schnitzius",
",",
"CFO",
"PURCHASER",
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"RAINIER",
"CAPITAL",
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",",
"L",
".",
"P",
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",",
"a",
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"limited",
"partnership",
"By",
":",
"Rainier",
"Capital",
"Management",
"I",
",",
"LLC",
",",
"a",
"Texas",
"limited",
"liability",
"company",
",",
"its",
"General",
"Partner",
"By",
":",
"------------------------------",
"J",
".",
"Kenneth",
"Dunn",
",",
"President"
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914156-000110465908003510-a08-2160_1ex99d1 | EX-99.1
3
a08-2160_1ex99d1.htm
EX-99.1
Exhibit
99.1
UFP Technologies, Inc.
172 East Main
Street
Georgetown, MA 01833 - USA
Tel. 978-352-2200 /
Fax 978-352-5616
INFO@UFPT.COM / WWW.UFPT.COM
FOR IMMEDIATE RELEASE
CONTACT:
January 18, 2008
Ron Lataille (978)
352-2200
UFP Technologies
Acquires Stephenson & Lawyer, Inc.
Georgetown, Mass. (January 18,
2008). UFP Technologies, Inc.
(Nasdaq: UFPT), a manufacturer of packaging and specialty component products,
today announced the acquisition of Stephenson & Lawyer, Inc. located
in Grand Rapids, Michigan. S&L is a full service designer, converter and
distributor of foam plastic products, specializing in technical polyurethane
foams. S&L sales in 2007 were
approximately $13 million.
"We are delighted to join
forces with Stephenson & Lawyer", said R. Jeffrey Bailly, Chairman,
CEO, and President of UFP Technologies. "Since
its inception in 1946, S&L has been a respected leader in the fabrication
of polyurethane foams. Their ethical, innovative, and highly customer-focused
management team is an excellent fit with our culture. And their well-equipped,
250,000 square foot factory adds significantly to our manufacturing
capabilities. Together, we can provide a broader range of solutions to our
growing customer base, and unlock S&L's tremendous growth potential".
Stephenson &
Lawyer's President, Con Oswald, was equally pleased. "UFP's diverse
capabilities, large sales force, and reputation for quality are a great fit for
S&L", said Oswald. "Their polyethylene foams expertise is an ideal
complement to our primary strength - our knowledge and experience in technical
urethane foams".
UFP Technologies is a
leading designer and manufacturer of interior protective packaging solutions
using molded fiber, vacuum-formed plastics, and molded and fabricated foam
plastics. The Company also designs and
manufactures engineered component solutions using laminating, molding, and
fabricating technologies. The Company
primarily serves the automotive, computers and electronics, medical, aerospace
and defense, consumer, and industrial markets.
This
news release contains forward-looking information that involves risks and
uncertainties, including statements about the Company's prospects, anticipated
advantages the Company expects to realize from its acquisition and integration
of Stephenson & Lawyer, the Company's manufacturing capabilities,
product offerings and growth potential and the Company's sales
opportunities. Investors are cautioned
that such forward-looking statements involve risks and uncertainties, including
without limitation risks associated with the identification of suitable
acquisition candidates and the successful, efficient execution and integration
of such acquisition candidates, including without limitation Stephenson &
Lawyer, as well as other risks and uncertainties that are detailed in the
documents filed by the Company with the SEC. Accordingly, actual results may
differ materially. Readers are referred to the documents filed by the Company
with the SEC, specifically the last reports on Forms 10-K and 10-Q. The
forward-looking statements contained herein speak only of the Company's
expectations as of the date of this press release. The Company expressly
disclaims any obligation or undertaking to release publicly any updates or
revisions to any such statement to reflect any change in the Company's
expectations or any change in events, conditions or circumstances on which any
such statement is based.
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1335112-000121390021018488-ea138607ex99-1_logicinc | EX-99.1
2
ea138607ex99-1_logicinc.htm
PRESS RELEASE
Exhibit 99.1
Logiq Acquires Rebel AI to Bring E-commerce Growth
to Brands and Agencies
New York, N.Y. & Boulder, Colo. - March 30, 2021
-
Logiq, Inc. (OTCQX: LGIQ), a global provider of award-winning e-commerce and fintech solutions, has acquired Rebel AI, an innovator in
digital marketing solutions.
The Rebel AI platform, which is to be named Logiq Digital Marketing, will
enable small and medium-sized businesses (SMB) to more effectively compete against larger businesses for new customers. Through a simplified,
easy-to-use platform, marketers will be able to advertise across popular websites and connected TV media destinations to attract more
consumers to their online stores. Coupled with advanced audience targeting, artificial intelligence algorithms and blockchain-based security,
this platform will also lower the costs of customer acquisition.
"Rebel AI's approach to addressing the needs of e-commerce
brands and agencies fully aligns with our strategic focus, and we expect the addition of their proprietary technology to dramatically
accelerate the time-to-market of the launch of our holistic digital marketing strategy", stated Logiq CEO, Tom Furukawa. "Combining
our respective strengths and capabilities puts us years ahead in terms of delivering a uniquely powerful platform geared for our SMB agency
and brand clients".
Logiq Digital Marketing is an open AI platform that not only provides flexibility
for future development and integrations, but also allows clients to embed their own unique customizations for their business while remaining
forward compatible with future enhancements.
"Logiq shares our vision of simplifying the marketing workflow for
small and medium businesses", said Rebel AI's founder and CEO, Manny Puentes. "By combining Rebel AI's data management
and media buying capabilities, Fixel's engagement-based AI-segmented audiences, and DataLogiq's comprehensive consumer profiles
into a single platform, we're laying the foundation for marketers to reach their consumers in an easier and more cost-effective
way."
In the U.S. alone, the top 10 e-commerce players will account for
63.2%
of online sales. Along with rising digital media costs, hidden marketing technology fees, and fast-evolving laws and regulations
surrounding consumer data and privacy, SMBs have been underserved by the fragmented marketing technologies available to them to date.
Logiq Digital Marketing was built specifically to address these challenges.
1
Further details of the transaction
can be found in the company's current report on Form 8-K filed with the Securities and Exchange Commission and available at
sec.gov
and from the investor section of the company's website at ir.logiq.com.
About Logiq
Logiq, Inc.
(OTCQX: LGIQ) is a U.S.-based
leading global provider of eCommerce, mCommerce, and fintech business enablement solutions. Its DataLogiq subsidiary provides a data-driven,
end-to-end eCommerce marketing solution for enterprises and major U.S. brands, including Home Advisor, QuinStreet and Sunrun. Its AI-powered
LogiqX™ data engine delivers valuable consumer insights that enhance the ROI of online marketing spend. The company's Fixel™
technology offers simplified online marketing with critical privacy features. Logiq Digital Marketing is an end-to-end digital marketing
platform for brands and agencies.
Logiq's AppLogiq™ platform-as-a-service enables small- and
medium-sized businesses worldwide to easily create and deploy a native mobile app for their business without technical knowledge or background.
AppLogiq empowers businesses to reach more customers, increase sales, manage logistics, and promote their products and services in an
easy, affordable, and highly efficient way. AppLogiq is offered
in 14 languages across 10 countries and three
continents, including some of the fastest-growing emerging markets in Southeast Asia. The company's PayLogiq™ offers mobile
payments, and GoLogiq™ offers hyper-local food delivery services.
For more information about Logiq, go to Logiq.com.
Forward-Looking Disclaimer
This press release may contain certain forward-looking statements and information,
as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and
is subject to the Safe Harbor created by those sections. Logiq cautions you that statements in this press release that are not a description
of historical facts are forward-looking statements. These statements are based on Logiq's current beliefs and expectations. The
inclusion of forward-looking statements should not be regarded as a representation by Logiq or its affiliates that any of its plans or
expectations will be achieved. Actual results may differ from those set forth in this press release due to the risk and uncertainties
inherent in Logiq's business, including, without limitation: the ability of Logiq to successfully complete the NEO listing process,
the fitness of Logiq's products and services for a particular application or market, the ability to effectively integrate Rebel
AI into our business operations, expectations of future events, business trends, financial results, and/or business transactions that
may not be consummated or realized, as well as other risks described in Logiq's prior press releases and in its filings with the
Securities and Exchange Commission ("SEC"), including under the heading "Risk Factors" in Logiq's Annual Report
on Form 10-K and any subsequent filings with the SEC. You are cautioned not to place undue reliance on these forward-looking statements,
which speak only as of the date hereof, and Logiq undertakes no obligation to revise or update this press release to reflect events or
circumstances after the date hereof.
Company Contact
Brent Suen, President
Logiq, Inc.
Email contact
Media & Investor Contact
Ronald Both or Grant Stude
CMA Investor & Media Relations
Tel (949) 432-7566
Email contact
2
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31462-000110465911067315-a11-30612_1ex99d3 | EX-99.3
7
a11-30612_1ex99d3.htm
EX-99.3
Exhibit 99.3
News Release
Ecolab Inc.
370 Wabasha Street North
St. Paul, Minnesota 55102
FOR IMMEDIATE RELEASE
Michael J. Monahan 651.293.2809
ECOLAB RAISES CASH DIVIDEND 14 PERCENT
20
th
consecutive annual dividend rate increase
Ecolab has paid dividends for 75 consecutive years
ST. PAUL, Minn., December 1, 2011 - The Board of Directors of Ecolab Inc. today increased the company's quarterly cash dividend by 14% to $0.20 per common share, to be paid January 17, 2012, to shareholders of record at the close of business on December 20, 2011. This results in a new indicated annual cash dividend of a record $0.80 per share for 2012, and represents Ecolab's 20th consecutive annual dividend rate increase. Ecolab has paid cash dividends on its common stock for 75 consecutive years. Ecolab last increased its dividend in December 2010.
Commenting on the increase, Douglas M. Baker, Jr., Ecolab's Chairman and Chief Executive Officer said, "We are pleased to once again increase our dividend and continue our strong cash dividend record following our merger with Nalco. We have achieved this outstanding dividend record through our excellent business model and strong financial position, and we believe our recent actions have strengthened our growth prospects, cash flow and ability to deliver superior shareholder returns going forward".
With 2011 annualized sales of $11 billion and more than 38,000 employees, Ecolab Inc. (NYSE: ECL) is the global leader in water, hygiene and energy technologies and services that provide and protect clean water, safe food, abundant energy and healthy environments. Ecolab delivers comprehensive programs and services to the food, energy, healthcare, industrial and hospitality markets in more than 160 countries. More Ecolab news and information is available at www.ecolab.com
.
-more-
Cautionary Statements Regarding Forward-Looking Information
This news release contains various "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements concerning the indicated annual cash dividend for 2012 and our outlook for further growth. These statements, which represent Ecolab's expectations or beliefs concerning various future events, are based on current expectations that involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. We caution that undue reliance should not be placed on forward-looking statements, which speak only as of the date made. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
More detailed information about risks and uncertainties that may affect our operating results and business performance may be found in our and, prior to December 1, 2011, Nalco's filings with the Securities and Exchange Commission, including under Item 1A of reports filed on Form 10-K and Form 10-Q, and include the vitality of the markets we serve; the impact of worldwide economic factors such as the worldwide economy, credit markets, interest rates and foreign currency risk fluctuations in raw material and delivered product costs; our ability to develop competitive advantages through value, innovation and customer support; restraints on pricing flexibility due to contractual obligations; pressure on operations from consolidation of customers and vendors; our ability to promptly and effectively integrate the businesses of Ecolab and Nalco and to achieve the cost savings and synergies we anticipate from the Nalco acquisition within the expected time frame or at all; the Nalco acquisition may involve unexpected costs, unexpected liabilities or unexpected delays; the ability to acquire other complementary businesses and to effectively integrate such businesses; the costs and effects of complying with laws and regulations relating to the environment, including evolving climate change standards, and to the manufacture, storage, distribution, sale and use of our products, as well as to the conduct of our business generally, including employment and labor laws; the occurrence of litigation or claims; acts of war, terrorism or hostilities, natural or man-made disasters, water shortages or severe weather conditions which impact our markets; our ability to attract and retain high caliber management talent; and other risks or uncertainties reported from time to
2
time in our filings with the Securities and Exchange Commission.
###
(ECL-D)
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] |
1531477-000165495416002976-hadv_ex991 | EX-99.1
3
hadv_ex991.htm
PRESS RLEASE
Blueprint
Exhibit
99.1
Health Advance Inc. Announces Signing of Definitive Agreement to
Acquire Hantian Labs
LAS
VEGAS, October 14, 2016 - Health Advance Inc. (the
"Company") (OTC Pinks: HADV) is pleased to announce
that on October 13, 2016, the Company signed a definitive agreement
("Definitive Agreement") to acquire 100% interest in
Hantian Labs Limited, a private UK corporation (Hereinafter
referred to as "Hantian"). As a result of the
acquisition, Health Advance will also control 99% of JT Hantian LLC
representing the revenue arm of Hantian. Pursuant to the Definitive
Agreement, on closing the Health Advance will issue 1.5 common
shares of the Company for each share of Hantian Labs outstanding at
the time of closing representing the purchase price of Hantian.
Accordingly, the Company's issued and outstanding number of
common shares will increase from 24,520,000 shares to 39,520,000
shares. In addition, Hantian shall undertake to raise a minimum
financing of $250,000 for marketing of Hantian's product line
prior to the closing of the transaction.
On
closing the Company will appoint Mr. Christian Diesveld as a
director of Health Advance. Mr. Diesveld is currently the Managing
Director of Hantian. Prior to co-founding Hantian Labs, Christian
spent a total of sixteen years within the public marketplace,
specializing in the marketing and financing of exchange-listed
companies to all facets of the international investment community.
Additionally, Mr. Diesveld spent the previous ten years in the role
of Managing Director at Peritus Capital, a Toronto based Investor
Relations firm. Having worked closely with corporations in the
pharmaceutical, technology and resource sectors, Christian brings
an abundance of experience and contacts from a wide range of
sectors throughout the global marketplace.
Hantian
Labs (
www.hantianlabs.com)
is an
emerging global leader in anti-ageing and vitality nutraceutical
products. Developed by a team of research scientists, athletes and
beauty professionals, the Hantian line of tablets uses
state-of-the-art age reversal technology to diminish the signs of
ageing, whilst enhancing, enriching and extending the lives of
their consumers. Products, including GHBurn, Alpha Elite and
Revitamar, are made at Hantian's GMP ISO 9001 and Informed
Sports certified facility in the United Kingdom with the strictest
quality standards. Hantian products are Medicines & Healthcare
Products Regulatory Agency (MHRA) approved. Hantian also has
licenses issued by the Minister of Health for Canada, issued under
the authority of section 7 of the Natural Health Products
Regulations, for its products GHBurn and Alpha Elite.
GHBurn is a scientifically proven powerful natural precursor to HGH
(Human Growth Hormone), the body's master hormone. It was
uniquely designed to enhance the body's hormonal system,
which begins to deteriorate after the age of thirty. It increases
testosterone production, lean muscle mass, enhances energy,
alertness and libido, while decreasing fat production and cravings.
GHBurn provides muscles with increased energy at the cellular level
enhancing athletic performance and ability. Used daily, the unique
proprietary blend of ingredients regulates male hormones, which in
effect halts and more importantly reverses the aging
process.
Alpha Elite is widely considered one of the ultimate
supplements to combat natural
testosterone deterioration and enhance overall male performance. It
stimulates and intensifies all vigorous activity for the Alpha
Elite male. Being stimulant free, it safely elevates your
testosterone to new levels, whilst increasing your lean
muscularity, vascularity and libido.
Revitamar is a powerful age defying supplement proven to banish
wrinkles and restore a youthful appearance. The pioneering
restorative blend of antioxidants, minerals and marine properties
stimulates youthful radiant skin and softens fine lines. Founded in
the age old notion of "health through water", the high
concentration of marine collagen and sea kelp naturally restore
elasticity, diminishes pigmentation and protect cells from
oxidative damage while hyaluronic acid, zinc and vitamin C, secures
moisture, creates fullness, decreases the appearance of cellulite
and alleviates joint pain.
"We
are eager to advance Health Advance through continued expansion.
The addition of Christian Diesveld to our board of directors brings
leadership, extensive financing experience, and vast knowledge of
the nutraceutical sector, all critical to our success,"
stated President and CEO,Jordan Starkman. "We are thrilled to
have entered into the nutraceutical sector and remain committed to
creating shareholder value for Health Advance's
shareholders.
Certain statements in this document that are not historical facts
are "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995. Such
statements may be identified by the use of words such as
"anticipate, "believe", "expect,"
"future", "may", "will,"
"would", "should", "plan,"
"projected", "intend", and similar
expressions. Such forward-looking statements, involve known and
unknown risks, uncertainties and other factors that may cause the
actual results, performance or achievements of Health Advance Inc.
to be materially different from those expressed or implied by such
forward-looking statements. The Company's future operating
results are dependent upon many factors, including but not limited
to: (i) the Company's ability to obtain sufficient capital or
a strategic business arrangement to fund its current operational or
expansion plans; (ii) the Company's ability to build and
maintain the management and human resources and infrastructure
necessary to support the anticipated growth of its business; (iii)
competitive factors and developments beyond the Company's
control; and (iv) other risk factors discussed in the
Company's periodic filings with the Securities and Exchange
Commission, which are available for review at
www.sec.gov
under "Search for Company
Filings.
For
more information, please contact:
Health
Advance Inc.
Jordan
Starkman, CEO
www.healthadvanceinc.com
1-800-854-7970
3651
Lindell Road, Suite D155, Las Vegas, NV 89103
1-800-854-7970
| [
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"Advance",
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",",
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] |
1017290-000120445906000215-exhibit991 | EX-99.1
3
exhibit991.htm
PRESS RELEASE
Silver Dragon Resources Inc. - Press Release - Prepared By TNT Filings
Inc.
PRESS RELEASE
Headline
Silver Dragon Resources Inc. Signs Definitive Asset Purchase Agreement to
Acquire Majority Interest in Chinese Company, Sanhe Sino-Top Resources and
Technologies, Ltd.
Toronto, Canada - (PRIMEZONE) - March 21, 2006
- Silver Dragon Resources Inc. (OTC BB:
SDRG.OB
-
News
) today
announced the signing of a Definitive Asset Purchase Agreement with Sino Silver
Corp. ("Sino Silver") and Sanhe Sino-Top Resources and Technologies, Ltd.
("Sino-Top") to acquire 100% of Sino Silver's assets. Sino Silver's main asset
consists of 60% of the equity in Sino-Top, a Chinese company which holds the
exploration and mining rights to several properties and a mine located in the Erbaohuo Silver District in Northern China. In addition, Sino-Top is party to
strategic agreements with various parties including the North China Geological
Exploration Bureau (NCGEB). Silver Dragon also receives the right to increase
its equity interest in Sino-Top up to 70%. The Agreement is subject to receipt
of the administrative consent of the local Provincial Department of Commerce in
China.
The purchase price for the assets of Sino
Silver is US$650,000 and 4,000,000 restricted shares of common stock of the
Company. According to the terms of the acquisition, US$150,000 was paid today,
with US$100,000 payable on May 20, 2006, and US$400,000 payable once all
administrative procedures are complete and consents are obtained in China.
Silver Dragon has also agreed to advance US$250,000 to Sino-Top by March 30,
2006, prior to receipt of the administrative consent in China, in order to
contribute to Sino-Top's operations.
The terms of this Agreement replace and supersede the terms of
a previous venture agreement entered into between Silver Dragon and Sino Silver
on April 14, 2005.
"We are pleased to have signed this Agreement
with Silver Dragon Resources", commented David Bikerman, President and Chief
Executive Officer of Sino Silver. "We believe this is an exciting opportunity
for both the shareholders of Sino Silver and Silver Dragon at a time when silver
assets in China, specifically within the Erbaohuo Silver District, are extremely
valuable."
"Silver Dragon's acquisition of Sino Silver's
assets will be a significant milestone for our company as we continue to build a
diversified portfolio of silver mining interests around the world", commented
Marc Hazout, President and Chief Executive Officer of Silver Dragon. "Our
immediate objective is to focus on development plans for the existing properties
and mines in the Erbaohuo Silver District, which is a historic silver reserve
with three producing silver mines, one of which is the Bairen Daba, the second
largest silver mine in China. I will be traveling to
China next week to meet with representatives of China International Trust and
Investment Corporation (CITIC) and to review other opportunities presented to us
by our strategic partners in China".
Silver Dragon Resources Inc. is a mining and
metal company focused on the exploration, acquisition, development and operation
of silver mines in proven silver districts globally. Silver Dragon's objective
is to acquire silver mining assets that contain promising exploration targets,
have highly-leveraged, out-of-the-money silver deposits, and/or are producing
properties with significant untapped exploration potential. For more
information, please visit
www.silverdragonresources.com
Safe Harbor Statement under the Private
Securities Litigation Reform Act of 1995: The statements contained herein which
are not historical are forward-looking statements that are subject to risks and
uncertainties that could cause actual results to differ materially from those
expressed in the forward-looking statements, including, but not limited to,
certain delays beyond the company's control with respect to market acceptance of
new technologies or products, delays in testing and evaluation of products, and
other risks detailed from time to time in the Company's filings with the
Securities and Exchange Commission.
Contact:
Silver Dragon Resources Inc.
Marc Hazout, (416) 661-4989
info@silverdragonresources.com
| [
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1325460-000110465907082217-a07-29006_1ex99d1 | EX-99.1
3
a07-29006_1ex99d1.htm
EX-99.1
Exhibit
99.1
ATS Corporation Completes
Acquisition of Number Six Software, Inc.
MCLEAN, VA - (BUSINESSWIRE) - November 12, 2007, McLean, VA. ATS
Corporation ("ATSC") (OTCBB:ATCT.OB), a leading information technology company
that delivers innovative technology solutions to federal, state, and local
government organizations, today announced that it has completed the previously
announced acquisition of Number Six Software, Inc. ("Number Six"), a provider
of application development and information technology consulting to both
government and commercial customers.
This acquisition supports ATSC's strategic growth plan to broaden its
information technology services expertise and add new customers in each of ATSC's
target sectors.
ATSC
Chairman, President and Chief Executive Officer, Dr. Edward Bersoff, stated,
"We are pleased to complete the acquisition of Number Six. This transaction adds scale and customers in
both government and commercial markets.
It also establishes a strong platform for growth in 2008 and beyond and
demonstrates our ability to accomplish our priority initiatives".
ATSC
expects Number Six to generate annual revenues of approximately $33 million in
2007 with EBITDA (earnings before interest, taxes, depreciation and
amortization) unadjusted for potential synergies of approximately $3.6
million. EBITDA is not a recognized term
under U.S. generally accepted accounting principles and does not purport to be
an alternative to net income as a measure of operating performance or to cash
flows from operating activities as a measure of liquidity.
Further,
ATSC expects approximately 15% in revenue growth for Number Six in 2008, with
$1.5 to $2.0 million in potential EBITDA growth and synergies over the next 12
to 18 months through a combination with ATSC operations. As a result, ATSC expects the transaction to
be accretive to earnings in 2008.
About Number Six Software, Inc.
Number
Six employs approximately 175 professionals, delivering information technology
governance, software process improvement and custom application development to
both commercial and government customers.
Headquartered in Vienna, Virginia with six satellite offices in the
southeast and mid-western United States, the Company brings together the teams,
methods and processes necessary to resolve risk, define requirements and manage
assets throughout the system lifecycle.
Additional information about Number Six can be found at www.numbersix.com.
About ATS Corporation and Advanced Technology Systems,
Inc.
ATS Corporation operates through its subsidiaries, Advanced Technology
Systems, Inc., Reliable Integration Services, and Appix, Inc.
Advanced Technology Systems, Inc. ("ATS") is a leading provider of
systems integration and application development, IT infrastructure management and
strategic IT consulting services to U.S. federal government agencies. Since its founding in 1978, ATS has been
recognized for its custom software development and software integration
capabilities and its deep domain expertise in federal government financial,
human resource and data management systems.
ATS has built and implemented over 100 mission-critical systems for
clients.
ATS' financial management software expertise assists clients preparing
for the government's increased financial accountability standards. ATS' data management systems expertise allows
clients to increase efficiency with better human resource and case management
tracking capabilities, while also allowing them to organize and track
information easily. Additionally, ATS'
IT outsourcing capabilities provide ATS with an opportunity to develop
long-term value added partnerships with clients that allow end-users and
government agencies to focus on core mission priorities, while reducing
expenditures on systems management.
In addition, ATSC leverages its IT services, management consulting, and
software and systems development solutions expertise into financial
institutions, insurance companies and government sponsored enterprises through
a wholly owned subsidiary, Appix, Inc. ("Appix"). Appix is one of the largest providers of
outsourced professional services at Fannie Mae and currently serves many
Fortune 500 financial services and insurance companies. Additional information about Appix may be
found at www.appix.com.
Any statements in this press release about future expectations, plans,
and prospects for ATSC, including statements about the estimated value of the
contract and work to be performed, and other statements containing the words "estimates,"
"believes", "anticipates", "plans", "expects", "will", and similar expressions,
constitute forward-looking statements within the meaning of The Private
Securities Litigation Reform Act of 1995.
In particular, this press release contains forward-looking statements
about our acquisition of Number Six.
Actual results of the above-described transaction may differ materially
from those indicated by such forward-looking statements as a result of various
important factors, including the following:
our ability to successfully integrate the acquired business; our
dependence on our contracts with federal government agencies for the majority
of our revenue; our dependence on our GSA schedule contracts; our position as a
prime contractor on government-wide acquisition contracts to grow our business;
and other factors discussed from time to time in our filings with the
Securities and Exchange Commission. In
addition, the forward-looking statements included in this press release
represent our views as of November 9, 2007.
We anticipate that subsequent events and developments will cause our
views to change. However, while we may
elect to update these forward-looking statements at some point in the future,
we specifically disclaim any obligation to do so. These forward-looking statements should not be
relied upon as representing our views as of any date subsequent to November 9,
2007.
Additional information about ATSC and ATS may be found at www.atsva.com.
Contact:
ATS Corporation
Dr. Edward H. Bersoff
Chairman, President and Chief Executive Officer
(703) 506-0088
or
Joann O'Connell
Vice President, Investor Relations
(703) 506-0088
or
Public Relations
David Knowles, 301-924-0330 x25
Source: ATS Corporation
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807707-000156459019036476-voxx-ex991_27 | EX-99.1
2
voxx-ex991_27.htm
EX-99.1
voxx-ex991_27.htm
FOR IMMEDIATE RELEASE
Exhibit 99.1
VOXX INTERNATIONAL CORPORATION CLOSES ON SALE OF ITS PULHEIM REAL ESTATE AND WILL CONTINUE TO OPERATE ITS GERMAN ACCESSORIES BUSINESS
ORLANDO, FL. - October 2, 2019
- VOXX International Corporation (NASDAQ: VOXX), a leading manufacturer and distributor of automotive and consumer technologies for global markets, announced today that on September 30, 2019, it closed on the sale of its Pulheim real estate and received net proceeds of approximately $9.7 million (based on the Euro to US dollar conversion rate at that time) after payment of the outstanding mortgage and transactional costs.
Additionally, on September 30, 2019, VOXX received a notice of rescission from HF Company with respect to its previously announced definitive agreement to sell VOXX German Accessory Holdings GmbH.
The Company previously announced on June 12, 2019 that it had reached a definitive agreement to sell VOXX German Accessory Holdings GmbH, which comprised the operations of Oehlbach Kabel GmbH ("Oehlbach") and Schwaiger GmbH ("Schwaiger") to HF Company for approximately $19.0 million, based on the Euro to US dollar conversion at that time.
The notice of rescission received by the Company was due to HF Company's inability to secure bank financing for the implementation of the transaction. As such, VOXX International Corporation will retain the Oehlbach and Schwaiger operations and will continue to market and distribute their diverse and innovative accessory offerings. Further, the Company believes that based on the changes previously announced to realign these units into one operating entity, it will be in a stronger position to improve bottom-line performance of an already profitable unit. Additionally, the rescission notice received includes the purchase option by VOXX German Holdings GmbH to HF Company relating to the real estate leased by Schwaiger.
Pat Lavelle, President and Chief Executive Officer of VOXX International Corporation, stated, "We are pleased to close on the sale of our real property in Pulheim and strengthen our balance sheet. We took action in fiscal 2019 to reorganize our international business and consolidate the operations of Schwaiger and Oehlbach into one operating entity. While the proposed accessories transaction would have further strengthened our balance sheet, we are satisfied to keep these strong European brands as they have been consistent earnings contributors in the past, and we expect that will continue in the future. Our strategy to potentially divest and acquire assets remains intact and our #1 focus remains to position VOXX for improved and sustainable profitability in the years ahead".
About VOXX International Corporation
VOXX International Corporation (NASDAQ: VOXX) has grown into a worldwide leader in many automotive and consumer electronics and accessories categories, as well as premium high-end audio. Today, VOXX International is a global company, with an extensive distribution network that includes power retailers, mass merchandisers, 12-volt specialists and most of the world's leading automotive manufacturers. The Company has an international footprint in Europe, Asia and Latin America, and a growing portfolio, which comprises over 30 trusted brands. For additional information, please visit our website at
www.voxxintl.com
.
Safe Harbor Statement
Except for historical information contained herein, statements made in this release constitute forward-looking statements and thus may involve certain risks and uncertainties. All forward-looking statements made in this release are based on currently available information and the Company assumes no responsibility to update any
such forward-looking statements. The following factors, among others, may cause actual results to differ materially from the results suggested in the forward-looking statements. The factors include, but are not limited to: statements with respect to the anticipated results of the proposed transaction; the proposed transaction's anticipated benefits to the Company; the anticipated closing of the proposed transaction; and, other risk factors described in the Company's annual report on Form 10-K for the fiscal year ended February 28, 2019 which was filed with the SEC on May 14, 2019, as amended on Form 10-K/A filed on May 30, 2019, and other filings made by the Company from time to time with the SEC. The factors described in such SEC filings include, without limitation: the Company's ability to realize the anticipated results of its business realignment; cybersecurity risks; risks that may result from changes in the Company's business operations; our ability to keep pace with technological advances; significant competition in the automotive, premium audio and consumer accessories businesses; our relationships with key suppliers and customers; quality and consumer acceptance of newly introduced products; market volatility; non-availability of product; excess inventory; price and product competition; new product introductions; foreign currency fluctuations; and restrictive debt covenants.
Investor & Media Relations Contact:
Glenn Wiener, GW Communications (for VOXX)
Tel: 212-786-6011 / Email:
gwiener@GWCco.com
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"For",
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",",
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"Safe",
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",",
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"786",
"-",
"6011",
"/",
"Email",
":",
"gwiener@GWCco.com"
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] |
918066-000129993304002416-exhibit4 | EX-99..1
5
exhibit4.htm
EX-99..1
EX-99..1
FOR IMMEDIATE RELEASE
GUILFORD PHARAMCEUTICALS COMPLETES
SALE AND LEASEBACK AND RECEIVES $19.4 MILLION IN NET PROCEEDS
BALTIMORE, MD
, December 17, 2004 - Guilford Pharmaceuticals Inc. (Nasdaq: GLFD) today announced
that it has completed a sale and leaseback of its facilities in Baltimore, Maryland with BioMed
Realty Trust, Inc., a real estate investment trust focused on acquiring, owning, leasing and
developing laboratory and office space for life science, biotechnology and pharmaceutical
companies. The net proceeds of this transaction to Guilford were $19.4 million. In connection
with this transaction, Guilford has entered into a long-term lease with BioMed for the facilities.
Guilford intends to use the proceeds for general corporate purposes, including providing additional
working capital to support its development pipeline and the continued advancement of the Company's
AQUAVAN® Injection development program, currently in Phase III clinical testing.
About Guilford
Guilford Pharmaceuticals Inc. is a pharmaceutical company engaged in the research, development and
commercialization of proprietary drugs that target the hospital and neurology markets. Presently,
Guilford markets two commercial products, GLIADEL
®
Wafer (polifeprosan 20 with
carmustine implant), for the treatment of certain types of brain tumor in combination with
radiation and surgery, and AGGRASTAT
®
Injection (tirofiban hydrochloride), a
glycoprotein GP IIb/IIIa receptor antagonist, for the treatment of acute coronary syndrome (ACS).
Guilford's product pipeline includes AQUAVAN
®
Injection, an investigational
sedative/anesthetic drug, and drugs for treating peripheral nerve injury. For full prescribing
information, please visit
www.guilfordpharm.com
under Products / Marketed Products.
###
Contact:
Guilford Pharmaceuticals Inc.
Stacey Jurchison 410.631.5022
jurchisons@guilfordpharm.com
Internet addresses: www.guilfordpharm.com
| [
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769874-000119312505137440-dex991 | EX-99.1
3
dex991.htm
PRESS RELEASE
Press Release
Exhibit 99.1
REMEC Sells Electronic Manufacturing Services Business
SAN DIEGO, CA - July 5, 2005 - REMEC, Inc. (NASDAQ: REMC) announced today that it
has completed the sale of its Electronic Manufacturing Services ("EMS") business unit to Veritek Manufacturing Services, LLC ("Veritek") and Samjor Family Limited Partnership ("Samjor"). The EMS business unit, located
primarily in Escondido California, is engaged in the contract manufacturing of customer designed electronic products, including the assembly of surface mount interconnect printed circuit boards, and the production and sale of completely assembled
and tested electronic products. Veritek and Samjor paid $19 million in cash for the EMS business, subject to certain post-closing adjustments. REMEC expects taxes and transaction expenses to be approximately $6 million.
Thomas Waechter, President and Chief Executive Officer of REMEC, stated, "This
transaction strengthens our cash position and continues our strategy of delivering value to REMEC shareholders. The EMS business unit and its dedicated people have been important contributors to the REMEC team. We appreciate their past efforts and
believe that they will contribute to the success of Veritek".
Brian Kahn,
Veritek's Managing Director, stated, "Veritek is pleased to provide the opportunity for the talented management team at REMEC's Electronic Manufacturing Services business unit to grow their business as a standalone entity. Under the
continued leadership of Keith Butler, Veritek will now be able to focus 100% of its energy on serving its customers' electronic manufacturing needs".
About the Companies
REMEC, Inc. is a designer and manufacturer of high frequency subsystems used in the transmission of voice, video and data traffic over wireless communications networks.
Veritek Manufacturing Services, LLC is a contract manufacturer of customer
designed electronic products, including the assembly of surface mount interconnect printed circuit boards, and the production and sale of completely assembled and tested electronic products.
Forward-looking Statements
Statements in this press release that are not historical are forward-looking statements,
which involve known and unknown risks and uncertainties. Actual results could differ materially from those implied by such forward-looking statements due to a variety of factors, including, general and industry economic conditions, competition,
development factors, operating costs and other risks and uncertainties that are detailed from time to time in our filings with the Securities and Exchange Commission.
###
| [
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] |
1723089-000119312520159803-d857405dex991 | EX-99.1
11
d857405dex991.htm
EX-99.1
EX-99.1
Exhibit 99.1
Apergy and ChampionX Complete Merger to Create the New ChampionX
.
Creates a Global Leader in Production-Optimization Solutions
.
Newly combined company now named "ChampionX Corporation"; ticker symbol "CHX"
.
Integration expected to deliver $75 million in cost synergies plus additional revenue growth
opportunities
.
Transaction immediately deleverages the combined company's balance sheet
.
Two new board members will join seven existing Apergy board members to form the new ChampionX Corporation
board of directors
THE WOODLANDS, TX, June 3, 2020 - ChampionX Corporation, formerly known as Apergy Corporation
("ChampionX" or "the Company") (NYSE: APY) announced today the completion of the merger of the businesses of Apergy Corporation and ChampionX Holding Inc., the former upstream energy business of Ecolab Inc. In association with
this transaction, Apergy Corporation has changed its name to ChampionX Corporation, and beginning tomorrow its shares of common stock will trade on the New York Stock Exchange under the symbol "CHX".
"Today we are proud to launch ChampionX, a company that will be an essential player and long-term winner in the oil and gas industry", said
Sivasankaran "Soma" Somasundaram, President and Chief Executive Officer of ChampionX. "Our combined company will be a strong and resilient organization with a broad geographic footprint, high quality customer base, and significant
recurring revenue. "The combination enables us to bring together a unique platform with
best-in-class
product lines in artificial lift, production chemicals, and
digital technology delivered with superior service capabilities to provide the full spectrum of production-optimization solutions to our customers. Our
7,000-plus
talented employees around the world will
continue to work collaboratively to solve problems for our customers. Financially, the successful completion of this transaction results in a company with sustainable strong free cash flow generation and has an immediate deleveraging benefit for the
Company's balance sheet. We will immediately implement our plans to capture the $75 million in expected cost synergies, plus additional revenue growth opportunities made possible by the complementary product, geography, and customer
profiles of the combined organization.
"I am delighted to welcome Heidi Alderman and Stu Porter to the ChampionX board of directors. They are both
highly qualified individuals and we will greatly benefit from their experience and guidance. We are excited about our future as ChampionX, and as we begin our journey we will be guided by our purpose of "improving lives" supported by our
foundation of a strong culture and operating principles".
The transaction resulted in existing ChampionX Holding Inc. equityholders owning
approximately 62% of ChampionX on a fully diluted basis, with Apergy equityholders prior to the merger owning approximately 38% of ChampionX on a fully diluted basis.
1
New Board Members
In addition to the seven directors which formed the board of directors of Apergy Corporation prior to the completion of the transaction, ChampionX appointed
Heidi Alderman and Stuart Porter to its board of directors.
Heidi S. Alderman
Heidi Alderman is the former Senior Vice President, Intermediates of BASF Corporation (a global chemical manufacturing company), a position she held from 2016
until her retirement in 2019. Prior to this role, Ms. Alderman held the positions of Senior Vice President, North American Petrochemicals from 2011 to 2016; Senior Vice President, North American Procurement from 2008 to 2011; Vice President,
Functional Polymers from 2005 to 2008; and Business Director, Polymers from 2003 to 2005, all at BASF SE.
Ms. Alderman's
39-year
career in chemicals manufacturing brings a unique and valuable perspective to the Board. She also holds a bachelor's degree in chemical engineering from Stevens Institute of Technology and a
master's degree in chemical engineering from Drexel University, providing a depth of expertise for the Company's expanded business. Ms. Alderman has held various positions in business, operations, research, procurement, product and
marketing management at BASF, Air Products and Chemicals Inc. and Rohm and Haas, in addition to completing the University of Pennsylvania Wharton Management Program in business administration, providing a global business management perspective to
the Board.
Ms. Alderman has served on the Board of Olin Corporation since 2019 where she is a member of the Directors and Corporate Governance
Committee.
Stuart Porter
Stu Porter founded Denham
Capital in 2004 and is a Managing Partner as well as Denman's Chief Executive Officer and Chief Investment Officer. Mr. Porter holds a Bachelor of Arts from the University of Michigan and a Master of Business Administration from the
University of Chicago Booth School of Business.
Mr. Porter brings three plus decades of experience evaluating, investing and advising companies all
along the energy value chain. In his current and previous roles, he has overseen the management of 40 upstream, midstream and oilfield service companies representing in excess of $3.5 billion of invested capital. Additionally, Mr. Porter
has significant global experience, managing offices in London and Perth Australia for Denham Capital as well as deploying investment capital across more than 25 portfolio companies in Africa, Australasia, and North and South America. In
Mr. Porter's previous roles as a founding partner of Sowood Capital Management LP and Vice President and Portfolio Manager at Harvard Management Company, Inc., Bacon Investments, at J. Aron, a division of Goldman Sachs, and at Cargill
Mr. Porter oversaw both trading and investment portfolios in energy in both the public and private sectors.
About ChampionX
ChampionX (formerly known as Apergy Corporation) is a global leader in chemistry solutions and highly engineered equipment and technologies that help companies
drill for and produce oil and gas safely and efficiently around the world. ChampionX's products provide efficient functioning throughout the lifecycle of
2
a well - from drilling to completion to production. ChampionX's Chemical Technologies offering consist of chemistry solutions to maximize production from flowing oil and gas wells as well as
chemistry solutions used in drilling and completion activities. ChampionX's Production & Automation Technologies offerings consist of artificial lift equipment and solutions, including rod pumping systems, electric submersible pump
systems, progressive cavity pumps and drive systems and plunger lifts, as well as a full automation and digital offering consisting of equipment and software for Industrial Internet of Things ("IIoT") solutions for downhole monitoring,
wellsite productivity enhancement, and asset integrity management. ChampionX's Drilling Technologies offering provides market leading polycrystalline diamond cutters and bearings that result in cost effective and efficient drilling. To learn
more about ChampionX, visit our website at www.championX.com.
Forward-Looking Statements
This news release contains statements relating to future actions and results, which are "forward-looking statements" within the meaning of the
Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Such statements relate to, among other things, ChampionX's market position and growth opportunities. Forward-looking statements
include, but are not limited to, statements related to ChampionX, ChampionX's expectations regarding the performance of the business, financial results, liquidity and capital resources of ChampionX, the effects of competition, and the effects
of future legislation or regulations and other
non-historical
statements. Forward-looking statements are subject to inherent risks and uncertainties that could cause actual results to differ materially from
current expectations, including, but not limited to, tax and regulatory matters; and changes in economic, competitive, strategic, technological, regulatory or other factors that affect the operation of ChampionX's businesses. You are
encouraged to refer to the documents that ChampionX files from time to time with the Securities and Exchange Commission (the "SEC"), including the "Risk Factors" in ChampionX's Annual Report on Form
10-K
for the year ended December 31, 2019, and in ChampionX's other filings with the SEC, for a discussion of these and other risks and uncertainties. Readers are cautioned not to place undue reliance on
ChampionX's forward-looking statements. Forward-looking statements speak only as of the day they are made and ChampionX undertakes no obligation to update any forward-looking statement, except as required by applicable law.
Investor Contact: David Skipper
david.skipper@apergy.com
713-230-8031
Media Contact: John Breed
john.breed@apergy.com
281-403-5751
3
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".",
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",",
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".",
"About",
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"ChampionX",
"(",
"formerly",
"known",
"as",
"Apergy",
"Corporation",
")",
"is",
"a",
"global",
"leader",
"in",
"chemistry",
"solutions",
"and",
"highly",
"engineered",
"equipment",
"and",
"technologies",
"that",
"help",
"companies",
"drill",
"for",
"and",
"produce",
"oil",
"and",
"gas",
"safely",
"and",
"efficiently",
"around",
"the",
"world",
".",
"ChampionX",
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"products",
"provide",
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"functioning",
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"lifecycle",
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"2",
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"well",
"-",
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"to",
"completion",
"to",
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".",
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"Technologies",
"offering",
"consist",
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"solutions",
"to",
"maximize",
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"flowing",
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"wells",
"as",
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"chemistry",
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",",
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"diamond",
"cutters",
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",",
"visit",
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"-",
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"release",
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"results",
",",
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"-",
"looking",
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"Exchange",
"Act",
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"1934",
",",
"as",
"amended",
",",
"and",
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"Securities",
"Litigation",
"Reform",
"Act",
"of",
"1995",
".",
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",",
"among",
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"things",
",",
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"position",
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"-",
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",",
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",",
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"other",
"non",
"-",
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".",
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"-",
"looking",
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"inherent",
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"and",
"uncertainties",
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",",
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".",
"You",
"are",
"encouraged",
"to",
"refer",
"to",
"the",
"documents",
"that",
"ChampionX",
"files",
"from",
"time",
"to",
"time",
"with",
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"and",
"Exchange",
"Commission",
"(",
"the",
"\"",
"SEC",
"\"",
")",
",",
"including",
"the",
"\"",
"Risk",
"Factors",
"\"",
"in",
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"'s",
"Annual",
"Report",
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"Form",
"10",
"-",
"K",
"for",
"the",
"year",
"ended",
"December",
"31",
",",
"2019",
",",
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"'s",
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"SEC",
",",
"for",
"a",
"discussion",
"of",
"these",
"and",
"other",
"risks",
"and",
"uncertainties",
".",
"Readers",
"are",
"cautioned",
"not",
"to",
"place",
"undue",
"reliance",
"on",
"ChampionX",
"'s",
"forward",
"-",
"looking",
"statements",
".",
"Forward",
"-",
"looking",
"statements",
"speak",
"only",
"as",
"of",
"the",
"day",
"they",
"are",
"made",
"and",
"ChampionX",
"undertakes",
"no",
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"update",
"any",
"forward",
"-",
"looking",
"statement",
",",
"except",
"as",
"required",
"by",
"applicable",
"law",
".",
"Investor",
"Contact",
":",
"David",
"Skipper",
"david.skipper@apergy.com",
"713",
"-",
"230",
"-",
"8031",
"Media",
"Contact",
":",
"John",
"Breed",
"john.breed@apergy.com",
"281",
"-",
"403",
"-",
"5751",
"3"
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1813914-000095017021001636-cmax-20210901ex99_1 | EX-99.1
2
cmax-20210901ex99_1.htm
EX-99.1
EX-99.1
EX-99.1
CareMax Closes Acquisition of DNF Medical Centers
Miami, FL - Sept. 2, 2021 -- CareMax, Inc. ("CareMax") (NASDAQ: CMAX; CMAXW), a leading technology-enabled provider of value-based care to seniors, announced today that it has closed the previously announced acquisition of DNF Medical Centers ("DNF"), a leading medical practice in the Orlando Metro area.
DNF operates six conveniently located medical centers serving approximately 4,000 Medicare Advantage members in its network. With this acquisition, CareMax now operates 42 medical centers, serving approximately 66,000 patients, including approximately 26,000 Medicare Advantage members. CareMax intends to use DNF as the foundation to further expand in the Central Florida and Tampa Bay region, a market with more than 2 million Medicare-eligible beneficiaries.
"We are excited to welcome the DNF physicians, patients and employees to the CareMax family and grow our presence in Central Florida by providing high-quality, compassionate care to seniors", said Carlos de Solo, Chief Executive Officer of CareMax. "This is an important acquisition for CareMax and is a step forward in executing our multi-pronged expansion strategy focused on de novo growth and strategic M&A".
CareMax plans to build upon DNF's track record of high-quality clinical care and member satisfaction, and accelerate the growth of the DNF network through multiple strategic avenues, including:
Working with the DNF leadership team to identify additional underserved communities in the Central Florida and Tampa Bay markets that would benefit from the CareMax model and new de novo buildouts;
Utilizing CareMax's proprietary technology platform, CareOptimize, to provide data, analytics and rules-based decision tools/workflows for DNF care teams to customize high-touch, whole person care and improve medical loss ratios; and
Driving further organic growth by utilizing CareMax's sales and marketing infrastructure and additional health plan relationships to fill existing patient capacity in DNF clinics (currently at less than 25% capacity).
The acquisition is expected to be immediately accretive.
About CareMax
CareMax is a technology-enabled care platform providing value-based care and chronic disease management to seniors. CareMax operates medical centers that offer a comprehensive suite of healthcare and social services, and a proprietary software and services platform that provides data, analytics, and rules-based decision tools/workflows for physicians across the United States. Learn more at www.caremax.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements include statements regarding our future growth and strategy. Words such as "anticipate", "believe", "budget", "contemplate", "continue", "could", "envision", "estimate", "expect", "guidance", "indicate", "intend", "may", "might", "plan", "possibly", "potential", "predict", "probably", "pro-forma", "project", "seek", "should", "target", or "will", or the negative or other variations thereof, and similar words or phrases or comparable terminology, are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important risks and uncertainties that could cause the Company's actual results and financial condition to differ materially from those indicated in forward-looking statements include, among others, the Company's ability to expand its business and the business of DNF, including to fill existing patient capacity; the Company's ability to integrate DNF into the Company; changes in market or industry conditions, regulatory environment, competitive conditions, and receptivity to the Company's services; the Company's ability to continue its growth; changes in laws and regulations applicable to the Company's business, in particular with respect to Medicare Advantage or Medicaid; the Company's ability to maintain its relationships with health plans and other key payers; the impact of COVID-19 or another pandemic, epidemic or outbreak of infectious disease on the Company's business and results of operation; and the Company's ability to recruit and retain qualified team members and independent physicians. For a detailed discussion of the risk factors that could affect the Company's actual results, please refer to the risk factors identified in the Company's reports filed with the SEC. All information provided in this press release is as of the date hereof, and the Company undertakes no duty to update or revise this information unless required by law.
Contacts
CareMax, Inc.Gordon Carrollgordon.carroll@caremax.comRoger Ouroger.ou@caremax.com
Investor RelationsThe Equity Group Inc.Devin SullivanSenior Vice Presidentdsullivan@equityny.com(212) 836-9608
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54441-000005444116000156-exhibit991march2016 | EX-99.1
4
exhibit991march2016.htm
EXHIBIT 99.1
Exhibit
Exhibit 99.1
NEWS
TEAM, INC.
For immediate release
13131 Dairy Ashford, Suite 600
Contact: Greg L. Boane (281) 388-5541
Sugar Land, TX 77478
Team and Furmanite Announce Approval of Merger by Stockholders of Both Companies
SUGAR LAND, Texas and HOUSTON, Texas Feb. 25, 2016 (GLOBE NEWSWIRE) -- Team, Inc. (NYSE:TISI) ("Team") and Furmanite Corporation (NYSE:FRM) ("Furmanite") today announced that stockholders of each of Team and Furmanite overwhelmingly approved their respective merger proposals related to the proposed combination of Furmanite and Team at their respective special meetings held earlier today.
More than 96% of the shares voting at the Furmanite special meeting voted in favor of the merger, and more than 99% of the shares voting at the Team special meeting voted in favor of the proposal to issue shares of Team common stock to Furmanite stockholders in connection with the merger.
Upon the consummation of the merger, Furmanite stockholders will have the right to receive 0.215 shares of Team common stock for each share of Furmanite common stock, with cash paid in lieu of fractional shares.
Team and Furmanite expect the closing of the transaction to occur promptly, subject to the satisfaction of all conditions.
About Team, Inc.
Headquartered near Houston, Texas, Team Inc. is a leading provider of specialty industrial services, including inspection and assessment, required in maintaining and installing high-temperature and high-pressure piping systems and vessels that are utilized extensively in the refining, petrochemical, power, pipeline and other heavy industries. Team offers these services in over 125 locations throughout the world. Team's common stock is traded on the New York Stock Exchange under the ticker symbol "TISI".
About Furmanite Corporation
Furmanite Corporation (NYSE:FRM), founded in 1920, is one of the world's largest specialty industrial services companies, providing world class solutions to customer needs through more than 80 offices on six continents. Furmanite delivers a wide portfolio of inspection and mechanical services which help monitor, maintain and renew the global energy, industrial and municipal infrastructures. World Headquarters and Global Support Operations are located in Houston, Texas; Rotterdam, Netherlands; Kendal, United Kingdom and Melbourne, Australia. For more information, visit www.furmanite.com.
1
Forward Looking Statements
This document contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Statements identified by words such as "expects", "anticipates", "intends", "plans", "believes", "seeks", "estimates", "targets", "projects", "creates" or words of similar meaning generally are intended to identify forward-looking statements. These statements are based upon the current beliefs and expectations of Team's and Furmanite's management and are inherently subject to significant business, economic and competitive risks and uncertainties, many of which are beyond their respective control.
These forward-looking statements are subject to a number of factors, assumptions, risks and uncertainties which could cause Team's, Furmanite's or the combined company's actual results and experience to differ from the anticipated results and expectations expressed in such forward-looking statements, and such differences may be material. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change.
These factors, assumptions, risks and uncertainties include, but are not limited to: (1) conditions to the closing of the merger may not be satisfied, on the expected timeline or at all; (2) the transaction may involve unexpected costs, liabilities or delays; (3) the businesses of Team and Furmanite may not be integrated successfully or the integration may be more difficult, time-consuming or costly than expected; (4) the expected growth opportunities, cost savings or other benefits from the transaction may not be fully realized or may take longer to realize than expected; (5) revenues following the transaction may be lower than expected as a result of losses of customers or other reasons; (6) operating costs, customer loss and business disruption following the transaction, including difficulties in maintaining relationships with employees, may be greater than expected; (7) reputational risks and the reaction of the companies' customers to the transaction; (8) diversion of management time on merger-related issues; (9) customer acceptance of the combined company's products and services; (10) the outcome of any legal proceeding relating to the transaction; and (11) any changes in the strategy of Team, Furmanite or the anticipated strategy of the combined company. Additional factors that could cause Team's and Furmanite's results to differ materially from those described in the forward-looking statements can be found in Team's and Furmanite's reports (such as Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K) filed with the SEC and available at the SEC's website (www.sec.gov). All subsequent written and oral forward-looking statements concerning Team, Furmanite, or the proposed merger or other matters and attributable to Team, Furmanite or any person acting on either of their behalf are expressly qualified in their entirety by the cautionary statements above. Team and Furmanite do not undertake any obligation to update any forward-looking statement, whether written or oral, to reflect circumstances or events that occur after the date the forward-looking statements are made.
2
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"held",
"earlier",
"today",
".",
"More",
"than",
"96",
"%",
"of",
"the",
"shares",
"voting",
"at",
"the",
"Furmanite",
"special",
"meeting",
"voted",
"in",
"favor",
"of",
"the",
"merger",
",",
"and",
"more",
"than",
"99",
"%",
"of",
"the",
"shares",
"voting",
"at",
"the",
"Team",
"special",
"meeting",
"voted",
"in",
"favor",
"of",
"the",
"proposal",
"to",
"issue",
"shares",
"of",
"Team",
"common",
"stock",
"to",
"Furmanite",
"stockholders",
"in",
"connection",
"with",
"the",
"merger",
".",
"Upon",
"the",
"consummation",
"of",
"the",
"merger",
",",
"Furmanite",
"stockholders",
"will",
"have",
"the",
"right",
"to",
"receive",
"0",
".",
"215",
"shares",
"of",
"Team",
"common",
"stock",
"for",
"each",
"share",
"of",
"Furmanite",
"common",
"stock",
",",
"with",
"cash",
"paid",
"in",
"lieu",
"of",
"fractional",
"shares",
".",
"Team",
"and",
"Furmanite",
"expect",
"the",
"closing",
"of",
"the",
"transaction",
"to",
"occur",
"promptly",
",",
"subject",
"to",
"the",
"satisfaction",
"of",
"all",
"conditions",
".",
"About",
"Team",
",",
"Inc",
".",
"Headquartered",
"near",
"Houston",
",",
"Texas",
",",
"Team",
"Inc",
".",
"is",
"a",
"leading",
"provider",
"of",
"specialty",
"industrial",
"services",
",",
"including",
"inspection",
"and",
"assessment",
",",
"required",
"in",
"maintaining",
"and",
"installing",
"high",
"-",
"temperature",
"and",
"high",
"-",
"pressure",
"piping",
"systems",
"and",
"vessels",
"that",
"are",
"utilized",
"extensively",
"in",
"the",
"refining",
",",
"petrochemical",
",",
"power",
",",
"pipeline",
"and",
"other",
"heavy",
"industries",
".",
"Team",
"offers",
"these",
"services",
"in",
"over",
"125",
"locations",
"throughout",
"the",
"world",
".",
"Team",
"'s",
"common",
"stock",
"is",
"traded",
"on",
"the",
"New",
"York",
"Stock",
"Exchange",
"under",
"the",
"ticker",
"symbol",
"\"",
"TISI",
"\"",
".",
"About",
"Furmanite",
"Corporation",
"Furmanite",
"Corporation",
"(",
"NYSE",
":",
"FRM",
")",
",",
"founded",
"in",
"1920",
",",
"is",
"one",
"of",
"the",
"world",
"'s",
"largest",
"specialty",
"industrial",
"services",
"companies",
",",
"providing",
"world",
"class",
"solutions",
"to",
"customer",
"needs",
"through",
"more",
"than",
"80",
"offices",
"on",
"six",
"continents",
".",
"Furmanite",
"delivers",
"a",
"wide",
"portfolio",
"of",
"inspection",
"and",
"mechanical",
"services",
"which",
"help",
"monitor",
",",
"maintain",
"and",
"renew",
"the",
"global",
"energy",
",",
"industrial",
"and",
"municipal",
"infrastructures",
".",
"World",
"Headquarters",
"and",
"Global",
"Support",
"Operations",
"are",
"located",
"in",
"Houston",
",",
"Texas",
";",
"Rotterdam",
",",
"Netherlands",
";",
"Kendal",
",",
"United",
"Kingdom",
"and",
"Melbourne",
",",
"Australia",
".",
"For",
"more",
"information",
",",
"visit",
"www.furmanite.com",
".",
"1",
"Forward",
"Looking",
"Statements",
"This",
"document",
"contains",
"forward",
"-",
"looking",
"statements",
"within",
"the",
"meaning",
"of",
"the",
"\"",
"safe",
"harbor",
"\"",
"provisions",
"of",
"the",
"Private",
"Securities",
"Litigation",
"Reform",
"Act",
"of",
"1995",
".",
"Statements",
"identified",
"by",
"words",
"such",
"as",
"\"",
"expects",
"\"",
",",
"\"",
"anticipates",
"\"",
",",
"\"",
"intends",
"\"",
",",
"\"",
"plans",
"\"",
",",
"\"",
"believes",
"\"",
",",
"\"",
"seeks",
"\"",
",",
"\"",
"estimates",
"\"",
",",
"\"",
"targets",
"\"",
",",
"\"",
"projects",
"\"",
",",
"\"",
"creates",
"\"",
"or",
"words",
"of",
"similar",
"meaning",
"generally",
"are",
"intended",
"to",
"identify",
"forward",
"-",
"looking",
"statements",
".",
"These",
"statements",
"are",
"based",
"upon",
"the",
"current",
"beliefs",
"and",
"expectations",
"of",
"Team",
"'s",
"and",
"Furmanite",
"'s",
"management",
"and",
"are",
"inherently",
"subject",
"to",
"significant",
"business",
",",
"economic",
"and",
"competitive",
"risks",
"and",
"uncertainties",
",",
"many",
"of",
"which",
"are",
"beyond",
"their",
"respective",
"control",
".",
"These",
"forward",
"-",
"looking",
"statements",
"are",
"subject",
"to",
"a",
"number",
"of",
"factors",
",",
"assumptions",
",",
"risks",
"and",
"uncertainties",
"which",
"could",
"cause",
"Team",
"'s",
",",
"Furmanite",
"'s",
"or",
"the",
"combined",
"company",
"'s",
"actual",
"results",
"and",
"experience",
"to",
"differ",
"from",
"the",
"anticipated",
"results",
"and",
"expectations",
"expressed",
"in",
"such",
"forward",
"-",
"looking",
"statements",
",",
"and",
"such",
"differences",
"may",
"be",
"material",
".",
"In",
"addition",
",",
"these",
"forward",
"-",
"looking",
"statements",
"are",
"subject",
"to",
"assumptions",
"with",
"respect",
"to",
"future",
"business",
"strategies",
"and",
"decisions",
"that",
"are",
"subject",
"to",
"change",
".",
"These",
"factors",
",",
"assumptions",
",",
"risks",
"and",
"uncertainties",
"include",
",",
"but",
"are",
"not",
"limited",
"to",
":",
"(",
"1",
")",
"conditions",
"to",
"the",
"closing",
"of",
"the",
"merger",
"may",
"not",
"be",
"satisfied",
",",
"on",
"the",
"expected",
"timeline",
"or",
"at",
"all",
";",
"(",
"2",
")",
"the",
"transaction",
"may",
"involve",
"unexpected",
"costs",
",",
"liabilities",
"or",
"delays",
";",
"(",
"3",
")",
"the",
"businesses",
"of",
"Team",
"and",
"Furmanite",
"may",
"not",
"be",
"integrated",
"successfully",
"or",
"the",
"integration",
"may",
"be",
"more",
"difficult",
",",
"time",
"-",
"consuming",
"or",
"costly",
"than",
"expected",
";",
"(",
"4",
")",
"the",
"expected",
"growth",
"opportunities",
",",
"cost",
"savings",
"or",
"other",
"benefits",
"from",
"the",
"transaction",
"may",
"not",
"be",
"fully",
"realized",
"or",
"may",
"take",
"longer",
"to",
"realize",
"than",
"expected",
";",
"(",
"5",
")",
"revenues",
"following",
"the",
"transaction",
"may",
"be",
"lower",
"than",
"expected",
"as",
"a",
"result",
"of",
"losses",
"of",
"customers",
"or",
"other",
"reasons",
";",
"(",
"6",
")",
"operating",
"costs",
",",
"customer",
"loss",
"and",
"business",
"disruption",
"following",
"the",
"transaction",
",",
"including",
"difficulties",
"in",
"maintaining",
"relationships",
"with",
"employees",
",",
"may",
"be",
"greater",
"than",
"expected",
";",
"(",
"7",
")",
"reputational",
"risks",
"and",
"the",
"reaction",
"of",
"the",
"companies",
"'",
"customers",
"to",
"the",
"transaction",
";",
"(",
"8",
")",
"diversion",
"of",
"management",
"time",
"on",
"merger",
"-",
"related",
"issues",
";",
"(",
"9",
")",
"customer",
"acceptance",
"of",
"the",
"combined",
"company",
"'s",
"products",
"and",
"services",
";",
"(",
"10",
")",
"the",
"outcome",
"of",
"any",
"legal",
"proceeding",
"relating",
"to",
"the",
"transaction",
";",
"and",
"(",
"11",
")",
"any",
"changes",
"in",
"the",
"strategy",
"of",
"Team",
",",
"Furmanite",
"or",
"the",
"anticipated",
"strategy",
"of",
"the",
"combined",
"company",
".",
"Additional",
"factors",
"that",
"could",
"cause",
"Team",
"'s",
"and",
"Furmanite",
"'s",
"results",
"to",
"differ",
"materially",
"from",
"those",
"described",
"in",
"the",
"forward",
"-",
"looking",
"statements",
"can",
"be",
"found",
"in",
"Team",
"'s",
"and",
"Furmanite",
"'s",
"reports",
"(",
"such",
"as",
"Annual",
"Reports",
"on",
"Form",
"10",
"-",
"K",
",",
"Quarterly",
"Reports",
"on",
"Form",
"10",
"-",
"Q",
"and",
"Current",
"Reports",
"on",
"Form",
"8",
"-",
"K",
")",
"filed",
"with",
"the",
"SEC",
"and",
"available",
"at",
"the",
"SEC",
"'s",
"website",
"(",
"www.sec.gov",
")",
".",
"All",
"subsequent",
"written",
"and",
"oral",
"forward",
"-",
"looking",
"statements",
"concerning",
"Team",
",",
"Furmanite",
",",
"or",
"the",
"proposed",
"merger",
"or",
"other",
"matters",
"and",
"attributable",
"to",
"Team",
",",
"Furmanite",
"or",
"any",
"person",
"acting",
"on",
"either",
"of",
"their",
"behalf",
"are",
"expressly",
"qualified",
"in",
"their",
"entirety",
"by",
"the",
"cautionary",
"statements",
"above",
".",
"Team",
"and",
"Furmanite",
"do",
"not",
"undertake",
"any",
"obligation",
"to",
"update",
"any",
"forward",
"-",
"looking",
"statement",
",",
"whether",
"written",
"or",
"oral",
",",
"to",
"reflect",
"circumstances",
"or",
"events",
"that",
"occur",
"after",
"the",
"date",
"the",
"forward",
"-",
"looking",
"statements",
"are",
"made",
".",
"2"
] | [
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"O",
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"O",
"O",
"O",
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"O",
"B-Parties.BUYING_COMPANY",
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"O",
"O",
"O",
"B-Parties.ACQUIRED_COMPANY",
"I-Parties.ACQUIRED_COMPANY",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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"O",
"O",
"O",
"O",
"O",
"O",
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"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
"O",
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1464790-000161577416006162-s103601_ex991 | EX-99.1
2
s103601_ex991.htm
EXHIBIT 99.1
B. Riley Financial
Completes Acquisition of United Online
LOS ANGELES, CA
-
July 1, 2016
-
B. Riley Financial, Inc. (NASDAQ:
RILY)
, a diversified provider of financial and business advisory services, has completed the acquisition of United Online,
Inc. (NASDAQ: UNTD), an Internet access and services provider.
B. Riley Financial acquired United Online for $11.00 per
share in a transaction valued at approximately $170 million.
As part of the transaction, Robert J. (Rusty) Taragan will be rejoining United Online as its CEO. Rusty previously spent 15
years at United Online, and its predecessor company NetZero, most recently as the President of its Communications Segment.
"The acquisition of United Online is consistent with
our plan of making financially prudent acquisitions that provide outsized risk-adjusted returns", said Bryant Riley, Chairman
and CEO of B. Riley Financial. "We look to benefit from the experience of United Online's seasoned employees and the
company's ability to achieve predictable recurring revenue and EBITDA, while operating the business to maximize free cash
flow for distribution to our shareholders".
"This acquisition represents an investment model we
intend to replicate over the long term-namely, purchasing companies with complex business dynamics in challenging or mature
industries and then implementing operational changes to generate attractive returns. By leveraging B. Riley Financial's broad
platform of services and capabilities, we believe we are ideally positioned to capitalize on additional investment opportunities
like United Online".
About United Online®
United Online, Inc., through its operating subsidiaries,
provides consumer subscription services and products, consisting of internet access services and devices, including dial-up, mobile
broadband, DSL, e-mail, Internet security, and web hosting services, under the NetZero and Juno brands. United Online is headquartered
in Woodland Hills, CA. For more information, visit www.unitedonline.net.
About B. Riley Financial, Inc.
B. Riley Financial, Inc. (NASDAQ: RILY) provides collaborative
financial services and solutions through several subsidiaries, including: B. Riley & Co. LLC, a leading investment bank which
provides corporate finance, research, and sales & trading to corporate, institutional and high net worth individual clients;
Great American Group, LLC, a leading provider of advisory and valuation services, and asset disposition and auction solutions;
B. Riley Capital Management, LLC, an SEC registered Investment Advisor, which includes B. Riley Asset Management, a provider of
investment products to institutional and high net worth investors, and B. Riley Wealth Management (formerly MK Capital Advisors),
a multi-family office practice and wealth management firm focused on the needs of ultra-high net worth individuals and families;
and Great American Capital Partners, a provider of senior secured loans and second lien secured loan facilities to middle market
public and private U.S. companies.
B. Riley Financial is headquartered in Los Angeles with
offices in major financial markets throughout the United States and Europe. For more information on B. Riley Financial, visit www.brileyfin.com.
1
Forward-Looking Statements
This press release may contain forward-looking statements
by B. Riley Financial that are not based on historical fact, including, without limitation, statements containing the words "expects,"
"anticipates", "intends", "plans", "believes", "seeks", "estimates"
and similar expressions and statements. Such forward looking statements include, but are not limited to, express or implied statements
regarding the acquisition and future financial performance, as well as statements regarding how management sees opportunities to
grow and broaden the firm. Because these forward-looking statements involve known and unknown risks and uncertainties, there are
important factors that could cause actual results, events or developments to differ materially from those expressed or implied
by these forward-looking statements. Such factors include our ability to achieve expected cost savings or other acquisition benefits,
in each case within expected time frames or at all; our ability to successfully integrate recent acquisitions, loss of key personnel,
our ability to manage growth, the potential loss of financial institution clients, the timing of completion of significant engagements,
and those risks described from time to time in B. Riley Financial's filings with the SEC, including, without limitation, the risks
described in B. Riley Financial's (f/k/a Great American Group, Inc.) Annual Report on Form 10-K for the year ended December 31,
2015 under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results
of Operations." These factors should be considered carefully and readers are cautioned not to place undue reliance on such
forward-looking statements. All information is current as of the date this press release is issued, and B. Riley Financial undertakes
no duty to update this information.
B. Riley Financial Investor Contact:
Scott Liolios
or
Matt
Glover
Liolios Group, Inc.
949-574-3860
RILY@liolios.com
| [
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