text:
EX-99.1
3
d25842_ex99-1.htm
Exhibit 99.1
CCG Investor Relations
Mr. Crocker Coulson, President
Phone: +1-646-213-1915 (New York)
Email: crocker.coulson@ccgir.com
Website:
www.ccgirasia.com
Orient Paper, Inc.
Winston Yen, CFO
Phone: +1-562-818-3817 (Los Angeles)
Email: info@orientalpapercorporation.com
For Immediate Release
Orient Paper, Inc Acquires Digital Photo Paper Plant Assets
BAODING, Hebei, China - December 8, 2009,
Orient Paper, Inc. (OTC Bulletin Board: ORPN) ("Orient Paper" or the "Company"), which controls and operates Hebei Baoding Orient Paper Milling Co., Ltd. ("HBOP"), a leading manufacturer and distributor of diversified paper products in Hebei, China, today announced the acquisition of digital photo paper plant assets.
The Company entered into an asset purchase agreement on November 25, 2009 to gain ownership of all assets owned by Hebei Shuangxing Paper Co., Ltd., including two coating production lines of digital photo paper. The purchase price for the production lines is RMB 93 million (approximately $13.6 million). The Company plans to commence operations using the newly acquired equipment in the first quarter of 2010, following completion of maintenance and integration. Orient Paper expects the digital photo paper segment to generate high gross profit margin and substantial net income for fiscal year 2010. The Company intends to fund the acquisition with the proceeds of its recent financing and cash from operations.
"We are pleased to announce our entry into the digital photo paper market. The digital photo paper segment is a high end and profitable market that presents attractive growth potential", said Mr. Zhenyong Liu, chairman and CEO of Orient Paper. "We believe the digital photo paper segment will significantly contribute to our revenue and net income growth in fiscal 2010. We maintain a positive growth outlook as we expand our operations and product offering with continued focus on quality and efficiency".
About Orient Paper, Inc.
Orient Paper, Inc., through its wholly owned subsidiaries, Shengde Holdings, Inc. and Baoding Shengde Paper Co., Ltd., controls and operates Hebei Baoding Orient Paper Milling Co., Ltd ("HBOP"). Founded in 1996, HBOP is engaged in the production and distribution of products such as corrugating medium paper, offset printing paper, writing paper, and other paper and packaging-related products in China. The Company uses recycled paper as its primary raw
material. As one of the largest paper producers in Hebei Province, China, the Company is strategically located in Baoding, a city in close proximity to Beijing where the majority of publishing houses are based. Orient Paper is led by an experienced management team committed to diversifying the Company's product offering and delivering tailored services to its customers. For more information, please visit
http://www.orientalpapercorporation.com
.
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the ability of the company to finalize the asset purchase agreement and generate revenue and net income projected by management; the actions and initiatives of current and potential competitors; the Company's ability to introduce new products; market acceptance of new products; general economic and business conditions; the ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and
are based on current expectations, assumptions, estimates and projections about the companies and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
###

text: Crocker Coulson

text: Orient Paper, Inc.

text: Winston Yen

text: Orient Paper, Inc

text: Orient Paper, Inc.

text: Hebei Shuangxing Paper Co., Ltd.

text: Zhenyong Liu

text: Orient Paper, Inc.

text: Orient Paper, Inc.


dataset: buster

text:
EX-99.1
2
pr052021_usi-northwestxc.htm
EX-99.1
pr052021_usi-northwestxc
FOR IMMEDIATE RELEASE Contacts: Timothy Denton USI Insurance Services 914-747-6339 timothy.denton@usi.com Edward J. Bowler USI Insurance Services 914-749-8504 ed.bowler@usi.com Melanie Clabaugh Northwest Bank 814-728-7328 melanie.clabaugh@northwest.com USI Insurance Services Completes Acquisition of Insurance Business Offered Through Northwest Insurance Services New Partnership Expands USI's Commercial, Employee Benefit and Personal Risk Expertise VALHALLA, N.Y. and WARREN, Pa., May 3, 2021 - USI Insurance Services ("USI"), a world leader in risk management, employee benefit and retirement plan consulting, today announced the completion of its acquisition of the insurance business offered through Northwest Insurance Services from Northwest Bank, a subsidiary of Northwest Bancshares, Inc. (NASDAQ: NWBI). Northwest Insurance Services is a wholly-owned subsidiary of Northwest Bank, offering property and casualty, life, disability and long-term care insurance, as well as group health, life and disability employee benefits. Northwest Bank's President and CEO, Ron Seiffert stated: "In searching for the right partner for our insurance business, we had two key requirements - positioning our Insurance Services group with a proven industry leader in property and casualty insurance, employee benefits, personal risk and retirement consulting, and partnering with an established firm that would continue to value the contributions of all Northwest Insurance Services employees. USI met both requirements, and I am confident their national capabilities, delivered through longstanding, passionate and committed local service teams, will continue to deliver the superior level of service and solutions our clients have come to expect." USI's Chairman and CEO, Michael J. Sicard added: "We are thrilled to welcome the clients and talented professionals from Northwest Insurance Services to USI. Partnering together, we look forward to delivering a uniquely exceptional and impactful experience for our current and future clients through the USI ONE Advantage®." About USI USI is one of the largest insurance brokerage and consulting firms in the world, delivering property and casualty, employee benefits, personal risk, program and retirement solutions to large risk management clients, middle market companies, smaller firms and individuals. USI connects over 8,000 industry-leading professionals from approximately 200 offices to serve clients' local, national and international needs. USI has become a premier insurance brokerage and consulting firm by leveraging the USI ONE Advantage®, an interactive platform that integrates proprietary and innovative client solutions, networked local resources and enterprise-wide collaboration to deliver customized results with positive, bottom line impact. USI attracts best-in-class industry talent with a long history of deep and continuing investment in our local communities. For more information, visit usi.com or follow us on LinkedIn, Facebook or Twitter. About Northwest Bancshares, Inc. Northwest Bancshares, Inc. is the holding company of Northwest Bank, which is headquartered in Warren,
Pennsylvania. Founded in 1896, Northwest Bank is a full-service financial institution offering a complete line of business and personal banking products, as well as employee benefits and wealth management services. As of March 31, 2021, Northwest operated 162 full-service community banking offices and eight free standing drive- through facilities in Pennsylvania, New York, Ohio and Indiana. Northwest Bancshares, Inc.'s common stock is listed on the NASDAQ Global Select Market ("NWBI"). Additional information regarding Northwest Bancshares, Inc. and Northwest Bank can be accessed on-line at www.northwest.com. ###

label: organization

text: USI Insurance Services

text: USI Insurance Services

text: USI Insurance Services

text: Northwest Insurance Services

text: USI Insurance Services

text: Northwest Insurance Services

text: Northwest Bancshares, Inc.

text: Northwest Insurance Services

text: Northwest Insurance Services

text: Northwest Insurance Services

text: Northwest Bancshares, Inc.

text: Northwest Bancshares, Inc.

text: Northwest Bancshares, Inc.

text: Northwest Bancshares, Inc.

source_dataset: expertai/BUSTER

annotation_scope: BUSTER company-role spans plus reviewed organization, fund, person, and event additions with document-local surface projection; annotations remain non-exhaustive


text:
EX-99.1
2
tv476837_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
FOR IMMEDIATE RELEASE
October 11, 2017
NEW YORK REIT, INC SELLS ITS 245-249
WEST 17
TH
STREET AND 218 WEST 18
TH
STREET PROPERTIES
FOR IMMEDIATE
RELEASE - NEW YORK, NEW YORK, (GLOBE NEWSWIRE) - New York REIT, Inc. (NYSE:NYRT) ("NYRT"), which is
liquidating and winding down pursuant to a plan of liquidation, announced that it has sold its properties located at 245-249
West 17
th
Street and 218 West 18
th
Street in New York, New York for $514.1 million to an unaffiliated
third party. The properties were part of the collateral for NYRT's cross collateralized and secured loan in the
original principal amount of $760 million. In connection with the sale, NYRT paid approximately $348.0 million on
account of the loan as required by the loan documents resulting in a remaining outstanding principal balance on the loan of
approximately $333.9 million. After satisfaction of debt, pro-rations and closing costs NYRT received net proceeds of
approximately $146.2 million.
About NYRT
NYRT is a publicly traded real estate
investment trust listed on the NYSE that owns income-producing commercial real estate, including office and retail properties,
located in New York City. NYRT's shareholders recently adopted a plan of liquidation pursuant to which NYRT is liquidating and
winding down and, in connection therewith, is seeking to sell its assets in an orderly fashion to maximize shareholder value. For
more information, please visit our website at www.nyrt.com.
Contacts
Wendy Silverstein, Chief Executive Officer
New York REIT, Inc.
wsilverstein@nyrt.com
(617) 570-4750
John Garilli, Chief Financial Officer
New York REIT, Inc.
jgarilli@nyrt.com
(617) 570-4750

text: NEW YORK REIT, INC

text: New York REIT, Inc.

label: person

text: Wendy Silverstein

text: New York REIT, Inc.

text: John Garilli

text: New York REIT, Inc.


text:
EX-99.1
3
skky_ex991.htm
PRESS RELEASE
EXHIBIT 99.1
Skkynet Completes Acquisition of Nic Corporation
Adds embedded systems expertise, complementing Skkynet's Secure Cloud Service™
Mississauga, Ontario, November 10, 2014
- Skkynet Cloud Systems, Inc. ("Skkynet" or "the Company") (OTC.BB:SKKY), a global leader in real-time cloud information systems, is pleased to announce that it has completed the previously announced acquisition of Nic Corporation of Osaka, Japan ("NiC"). Details of the transaction are available in the company's Form 8-K filed with the United States Securities and Exchange Commission (SEC).
NiC develops software that runs on a wide variety of embedded hardware devices allowing the devices to connect to Skkynet's Secure Cloud Service™. NiC has provided software and hardware development services to the embedded computing industry for over twenty years. NiC software development includes expertise in operating systems such as UNIX, VX-Works, Linux, and iTRON, and in implementing CAD systems, web systems, drivers, and related applications on MC68K, PowerPC, DSP, SH, ARM and other devices. NiC also designs a wide range of hardware boards, logic chips, custom hardware, and networking systems.
Mr. Akira Iwata, President of NiC, commented, "Skkynet has developed a disruptive and secure technology for remote access to industrial devices, processes and systems for monitoring and supervisory control in real time. We believe there is significant demand for cloud-based services that enable enterprises to monitor and control industrial devices and systems from anywhere in the world. The future for embedded devices is to connect directly to the Internet (the "Internet of Things"), and only Skkynet provides the robust and secure environment that our customers demand. We look forward to joining the Skkynet team and supporting the Company's growth plans in Japan and around the world".
Paul Thomas, President of Skkynet, stated, "We are excited to complete the acquisition of NiC given their particular expertise in embedded hardware. These capabilities will help advance our cloud strategy and will be particularly useful in collaborating with our hardware partners and resellers in Japan. The acquisition will be immediately accretive and the fact that NiC shareholders received a significant portion of the consideration in Skkynet Common Stock illustrates their confidence in the strength of the combined companies".
About Skkynet Cloud Systems, Inc.:
Skkynet Cloud Systems, Inc., through its wholly owned subsidiaries Cogent Real-Time Systems Inc. and Nic Corporation, is a leading developer of DataHub
®
and VINE™ software, Secure Cloud Service™ and related hardware, systems and facilities for collecting, processing and distributing real-time information over networks. This capability allows our clients to both locally and remotely manage, supervise, and control industrial processes, embedded devices, and financial information systems. Through clients' web-based assets, WebView™ enables data connectivity and visualization over the cloud, providing them and their customers the necessary ability and tools to observe and interact with these processes and services in real time, empowering them to fully control their systems and analyze their data. DataHub
®
and WebView™ are trademarks used under license.
1
Safe Harbor:
This news release contains "forward-looking statements" as that term is defined in the United States Securities Act of 1933, as amended and the Securities Exchange Act of 1934, as amended. Statements in this press release that are not purely historical are forward-looking statements, including beliefs, plans, expectations or intentions regarding the future, and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors, such as the inherent uncertainties associated with new business opportunities and development stage companies. We assume no obligation to update the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that they will prove to be accurate. Investors should refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Contact:
Crescendo Communications, LLC
Telephone: (212) 671-1020
Email: skky@crescendo-ir.com
or
Skkynet Cloud Systems, Inc.
Paul E. Thomas, President
Office: (888) 628-2028
Fax: (888) 705-5366
Web: http://skkynet.com
Email: ir@skkynet.com
2

text: Skkynet

text: Nic Corporation

text: Skkynet

text: Skkynet Cloud Systems, Inc.

text: Skkynet

text: Nic Corporation of Osaka, Japan

text: NiC

text: NiC

text: Skkynet

text: NiC

text: NiC

text: NiC

text: Akira Iwata

text: NiC

text: Skkynet

text: Skkynet

text: Skkynet

text: Paul Thomas

text: Skkynet

text: NiC

text: NiC

text: Skkynet

text: Skkynet Cloud Systems, Inc.

text: Skkynet Cloud Systems, Inc.

text: Nic Corporation

text: Skkynet Cloud Systems, Inc.

text: Paul E. Thomas


text:
EX-99
2
ex99.htm
Westwater Resources, Inc.
Exhibit 99.1
Westwater Resources Completes Acquisition of Alabama Graphite
CENTENNIAL, Colo., April 23, 2018 -
Westwater Resources, Inc. (Nasdaq: WWR)
("WWR" or the "Company"), an energy materials exploration and development company, announced today that its acquisition of Alabama Graphite Corp. ("AGC") is complete. Important actions going forward are:
·
The Company is advancing plans to produce advanced battery materials on a pilot scale during 2019.
·
The Company is working with over 30 potential customers, several of which have qualification samples in hand as a first step towards potential sales.
"This is a transformational event for Westwater Resources", said Chris Jones, Chief Executive Officer, "Our expansion into the battery-ready graphite industry takes full advantage of the rapid growth in energy storage markets and the materials they require".
Leadership changes supportive of the larger business
Dain McCoig, now Vice President - Operations
, expands his role to include all operations in Texas and Alabama, as well as the management of our pilot plant project. Mr. McCoig has been with the Company since 2004 in positions of increasing responsibility in engineering, project management and leadership. He is a graduate of the Colorado School of Mines (B.S. Mechanical Engineering) and is a Registered Professional Engineer.
Cevat Er, now Vice President - Technical Services
, expands his role to include leading all technical services while retaining his role as our Country Manager of operations in Turkey. Mr. Er has over 30 years of experience in the mineral industry, including 7 years as General Manager of Caldag Nickel. He also started up SRK Consulting's office in Ankara, and has contributed to many operations in the Americas, Europe and Turkey as a technical consultant. He is a graduate of Middle East Technical University (B.S. Geological Engineering) and holds a Master's Degree in Geochemistry and Hydrogeology from the University of Arizona.
Tyler Dinwoodie, now Vice President - Marketing
, previously President - Alabama Graphite Corp. As previously announced, Mr. Dinwoodie joins the Westwater management team with years of experience in the graphite space as a seasoned marketing professional of downstream graphite products. He sits on the board of the National Alliance for Advanced Batteries (NAATBatt International) and has studied economics at McMaster University and physics at Laurentian University. Mr. Dinwoodie has been largely responsible for product development and placement thus far for Alabama Graphite and he will lead the graphite product marketing and sales efforts.
Revised and Improved Coosa Business Plan
WWR continues to evaluate and optimize the business plan for the Coosa Graphite Project by:
·
Advancing revenues to 2020 from 2022.
·
Advancing positive cash flow to 2021 from 2022.
·
Reducing project risk through utilizing proven, environmentally sustainable processes for battery graphite production, starting the processing facility on widely available purchased feedstock,
1 of 3
deferring mine/mill construction until 2026 and utilizing operations cash flow for initial mine/mill capital expenditures.
·
Staged production of, now three, advanced graphite materials to allow for product qualification timelines. These enhanced-conductivity products are essential for the production of many battery types from lead acid to alkaline power cells and lithium ion batteries.
·
Plans for 2018 include the specification and construction of a pilot plant that will produce purified graphite in significant quantities for qualification by potential customers, as well as establishing and refining design parameters for the full-scale processing facility.
·
Work will continue with state and local officials in Alabama and Coosa County to site and permit the full-scale processing facility and explore mutually beneficial business incentives.
About Westwater Resources
WWR is focused on developing energy-related materials. The Company's battery materials projects include lithium mineral properties in three prospective lithium brine basins in Nevada and Utah and now with the acquisition of AGC, the Coosa Graphite Project and the associated Coosa Graphite Mine located across 41,900 acres in east-central Alabama. WWR's uranium projects are located in Texas, New Mexico and the Republic of Turkey. WWR remains focused on advancing the Temrezli in-situ recovery (ISR) uranium project in Central Turkey when uranium prices permit economic development of this project. In Texas, the Company has two licensed and currently idled uranium processing facilities and approximately 11,000 acres (4,400 ha) of prospective in-situ recovery uranium projects. In New Mexico, the Company controls mineral rights encompassing approximately 188,700 acres (76,394 ha) in the prolific Grants Mineral Belt, which is one of the largest concentrations of sandstone-hosted uranium deposits in the world. Incorporated in 1977 as Uranium Resources, Inc., WWR also owns an extensive uranium information database of historic drill hole logs, assay certificates, maps and technical reports for the Western United States.
Cautionary Statement
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as "expects", "estimates", "projects", "anticipates", "believes", "could", and other similar words. All statements addressing events or developments that WWR expects or anticipates will occur in the future, including but not limited to statements relating to developments at the Company's projects, the potential improvements contained in WWR's initial optimization study of the
Coosa Graphite Project, the future production of graphite, including on a pilot scale, and future sales of graphite, are forward-looking statements. Because they are forward-looking, they should be evaluated in light of important risk factors and uncertainties. These risk factors and uncertainties include, but are not limited to, (a) the Company's ability to successfully integrate AGC's business into its own, and the risk that additional analysis of the Coosa Graphite Project may result in revisions to the findings of WWR's initial optimization study; (b) the Company's ability to raise additional capital in the future; (c) spot price and long-term contract price of graphite, uranium and lithium; (d) risks associated with our foreign and domestic operations; (e) operating conditions at the Company's projects; (f) government and tribal regulation of the graphite industry, uranium industry, the lithium industry, and the power industry; (g) world-wide graphite, uranium and lithium supply and demand, including the supply and demand for lithium-based batteries; (h) maintaining sufficient financial assurance in the form of sufficiently collateralized surety instruments; (i) unanticipated geological, processing, regulatory and legal or other problems the Company may encounter in the jurisdictions where the Company operates or intends to operate, including in Alabama, Texas, New Mexico, Utah, Nevada and Republic of Turkey; (j) the ability of the Company to enter into and successfully close acquisitions or other material transactions, (k) the results of the Company's lithium brine exploration
2 of 3
activities at the Columbus Basin, Railroad Valley, and Sal Rica projects, and the possibility that future exploration results may be materially less promising than initial exploration result; (I) any graphite, lithium or uranium discoveries not being in high enough concentration to make it economic to extract the metals; and (m) other factors which are more fully described in the Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize or should any of the Company's underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on the Company's forward-looking statements. Except as required by law, the Company disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this news release. The results of the initial optimization study are preliminary in nature and subject to revision following WWR's further analysis of the Coosa project.
Westwater Resources Contact
:
Christopher M. Jones, President and CEO
Jeffrey L. Vigil, VP Finance and CFO
303.531.0480
303.531.0481
Email: Info@WestwaterResources.net
Website: www.WestwaterResources.net
3 of 3

text: Westwater Resources, Inc.

text: Westwater Resources

text: Alabama Graphite

text: Westwater Resources, Inc.

text: Alabama Graphite Corp.

text: Westwater Resources

text: Chris Jones

text: Alabama Graphite Corp.

text: Alabama Graphite

text: Westwater Resources

text: Westwater Resources

text: Christopher M. Jones

text: Jeffrey L. Vigil


text:
EX-99.4
5
a06-18675_2ex99d4.htm
PRESS RELEASE
Exhibit 99.4
FOR
IMMEDIATE RELEASE
First
Avenue Networks Completes Merger, Changes Name to FiberTower Corporation
Company
Announces Senior Management Team and Board of Directors
MCLEAN, Va. and SAN FRANCISCO, August 30, 2006
- First Avenue Networks Inc. (Nasdaq:
FRNS) today announced that it has completed its merger with FiberTower
Corporation. Old FiberTower Corporation
is now a wholly owned subsidiary of the Company, and the Company has changed
its name to FiberTower Corporation. Trading in the Company's stock will
continue on The Nasdaq Global Market under the Company's new ticker symbol "FTWR".
On May 15, 2006, the Company
and old FiberTower
entered into a merger agreement to combine the two
companies in an all-stock transaction. Pursuant to the terms of the merger
agreement, holders of shares of old FiberTower capital stock will receive
0.3040542 shares of the Company's common stock for each share of old FiberTower
capital stock. The Company will issue
approximately 73.9 million shares and assume approximately 4.2 million stock
options in connection with the merger.
The Company's senior leadership team includes: Michael Gallagher, president and CEO; Thomas
Scott, senior vice president and CFO; Eric Botto, senior vice president,
technology; David Leeds, senior vice president, sales; Harpinder Singh Madan,
senior vice president, marketing; Ravi Potharlanka, senior vice president,
operations; Joseph M. Sandri, Jr, senior vice president, regulatory and
government affairs; and Ferdi Schell, senior vice president, systems.
The Company's new board of directors is comprised of
representatives from both First Avenue's and old FiberTower's former boards as
well as representatives from the wireless industry. John Beletic has been appointed executive
chairman of the board. Other board
members include: Mike Gallagher, CEO,
FiberTower Corporation; Bandel Carano, general partner, Oak Investment
Partners; Randall A. Hack, board member, Crown Castle International
(more)
First Avenue Completes
Merger, Changes Name to FiberTower - 2/2/2
Corporation; John Kelly, CEO, Crown Castle
International Corporation; John Muleta, president and CEO, M2Z Networks; Darryl
Schall, Tudor Investment Corporation; Steven Scheiwe, president, Ontrac
Advisors, Inc.; and Neil Subin, managing director and president, Trendex
Capital Management.
About FiberTower Corporation
FiberTower (NASDAQ: FTWR)
is a backhaul and access provider focusing on carrier, enterprise and
government markets. With its nationwide spectrum footprint in 24 GHz and
39 GHz bands, carrier-class networks in 14 major markets, and customer
commitments from the top 5 wireless carriers in the US, FiberTower is the
leading alternative carrier in the burgeoning backhaul space. FiberTower also
delivers high capacity transport and access solutions that are highly reliable,
scalable and cost-effective, satisfying the ever increasing demand for mission
and business critical connectivity. For more information, please visit us at
www.fibertower.com
Forward Looking Statements
Statements included in
this news release which are not historical in nature are "forward-looking
statements" within the meaning of Section 21E of the U.S. Securities Exchange
Act of 1934 and the U.S. Private Securities Litigation Reform Act of
1995. Forward looking statements relate to expectations, beliefs,
projections, future plans and strategies, anticipated events or trends and
similar expressions concerning matters that are not historical facts.
These include, without limitation, statements regarding expected benefits and
value of the merger, increased demand for the services, strategy, forecasts of
revenues, earnings estimates, statements regarding contracts, work or revenue
opportunities that may be secured in the future, and related information, all
of which are based on current factual information and certain assumptions about
future events which management believes to be reasonable at this
time. There are many risks,
uncertainties and other factors that can prevent the achievement of goals or
cause results to differ materially from those expressed or implied by these
forward-looking statements including, without limitation, anticipated synergies
from the merger not being achieved, inherent risks of integrating two companies,
changes in demand for services from external factors including general economic
conditions or changes in wireless demand or technology affecting network
expansion strategies at and financing opportunities for wireless carriers and
other customers, delays in the award of new work, the termination or reduction
of existing projects due to changes in the financial condition or business
strategies of the wireless carriers and other customers, dependence on hiring
and retaining professional staff and key personnel, fluctuations in quarterly
results from a variety of internal and external factors including changes in
the estimates with respect to the completion of fixed-price contracts,
lengthy sales cycles especially with respect to larger contracts that may account
for a significant portion of the anticipated revenues, intense competition in
the marketplace especially from competitors with greater financial resources
and financing capabilities, and those risk factors described in the Company's
filings with the Securities and Exchange Commission, including its most recent
Annual Report on Form 10-K and Quarterly Reports on Form 10-Q
(more)
First Avenue Completes
Merger, Changes Name to FiberTower - 3/3/3
Contact:
Company & Investor Contact
Trish Drennan
(703) 725 7625
tdrennan@fibertower.com
or
Ornella Napolitano
(202) 251 5210
onapolitano@fibertower.com
Media Contact
Linda Pitt
GAJ Services Inc.
(859) 291 1005
lpitt@gajservices.com
# # #

text: FiberTower Corporation

text: First Avenue Networks Inc.

text:
FiberTower
Corporation

text: FiberTower Corporation

text: FiberTower Corporation

text: Michael Gallagher

text: Mike Gallagher

text: FiberTower Corporation

text: John Kelly

text: John Muleta

text: Steven Scheiwe

text: Neil Subin

text: FiberTower Corporation


text:
EX-99.1
2
ex99-1.htm
EXHIBIT 99.1
ex99-1.htm
Exhibit 99.1
FOR IMMEDIATE RELEASE
Bel Fuse Inc.
206 Van Vorst Street
Jersey City, NJ 07302
www.belfuse.com
tel 201.432.0463
fax 201.432.9542
Investor Contact:
Neil Berkman Associates
(310) 477-3118
info@berkmanassociates.com
Company Contact:
Daniel Bernstein
President & CEO
(201) 432-0463
Bel Closes Acquisition of
Emerson Network Power Connectivity Solutions
JERSEY CITY, New Jersey
,
July 25, 2014
--
Bel Fuse Inc. (NASDAQ:BELFA and NASDAQ:BELFB)
announced today that it has closed the previously announced acquisition of the Emerson Network Power Connectivity Solutions (CS) business from Emerson (NYSE:EMR). Bel acquired the Connectivity Solutions business for approximately $98 million on a cash and debt-free basis. The business had 2013 revenue of approximately $83 million and employs approximately 525 people. CS is headquartered in Bannockburn, Illinois, and has manufacturing facilities in North America, the U.K. and China (the China portion of the transaction is expected to close by the end of the third quarter of 2014). The acquisition is expected to be accretive to Bel's earnings beginning in the second half of 2014.
CS is a leading provider of High-performance RF/Microwave and Harsh Environment Optical Connectors and Assemblies for military, aerospace, wireless communications, data communications, broadcast and industrial applications. CS has a global sales footprint and a diverse customer base that includes some of the world's largest manufacturers coupled with an extensive distribution network populated with today's premier electronic distributors. The CS division is comprised of the following brands: Stratos Optical Technologies, Johnson, Trompeter, Midwest Microwave, Semflex, Vitelec Electronics, AIM Electronics and Cambridge Products.
Dan Bernstein, Bel's president, said, "This is Bel's third major acquisition in the past 16 months; all together, these acquisitions will increase our revenue from $283 million, pre-acquisition, to approximately $705 million annually. We are proud that Emerson, ABB Ltd. and TE Connectivity Ltd., have determined that it is in the best interest of their shareholders, customers and employees to entrust these businesses to Bel and we look forward to growing these organizations".
Bernstein added, "The acquisition of CS is a major step forward in Bel and its Cinch Connectors' business strategy to further expand into the aerospace and military markets where long term product reliability resulting from highly engineered solutions is a key. The addition of the CS Stratos brand with our Fibreco/Gigacom Interconnect products gives us a solid position in the Expanded Beam Fiber Optic market place. The CS group also significantly expands our copper-based product offering with the addition of RF/Microwave connectors and assemblies. Bel is eagerly anticipating the many growth opportunities that will be created through this transaction, and we look forward to continuing to build an industry leading high reliability interconnect business with our new colleagues at CS".
Financing for this acquisition was provided by KeyBank N.A. Needham & Company, LLC served as exclusive financial advisor and DeCotiis, FitzPatrick & Cole, LLP acted as Bel's legal counsel in the transaction.
(more)
Bel Closes Acquisition of Emerson Network Power Connectivity Solutions
July 25, 2014
Page Two
About Bel
Bel (
www.belfuse.com
) has three divisions that are primarily engaged in the design, manufacture, and sale of products used in aerospace, data transmission, military, transportation, and consumer electronics. These three divisions include Magnetic Solutions (discrete components, power transformers and MagJack® connectors with integrated magnetics), Power Solutions and Protection (AC-DC power supplies, DC-DC converters, custom designs, miniature, micro, surface mount and resettable fuses) and Connectivity Solutions. (micro, circular, filtered D Sub, fiber optic, RF connectors, microwave components, passive jacks, plugs and cable assemblies). The Company operates facilities around the world.
Forward Looking Statements
Except for historical information contained in this press release, the matters discussed in this press release (including the statements regarding the impact of the Emerson Connectivity Solutions acquisition on Bel's growth and profitability and on Bel's competitive position; the expected accretive nature of that acquisition; and the impact of that acquisition on future sales of interconnect products and related products) are forward looking statements that involve risks and uncertainties. Actual results could differ materially from Bel's projections. Among the factors that could cause actual results to differ materially from such statements are: the market concerns facing our customers; the continuing viability of sectors that rely on our products; the effects of business and economic conditions; difficulties associated with integrating recently acquired companies, including Emerson Connectivity Solutions, capacity and supply constraints or difficulties; product development, commercializing or technological difficulties; the regulatory and trade environment; risks associated with foreign currencies; uncertainties associated with legal proceedings; the market's acceptance of the Company's new products and competitive responses to those new products; and the risk factors detailed from time to time in the Company's SEC reports. In light of the risks and uncertainties, there can be no assurance that any forward looking statement will in fact prove to be correct. We undertake no obligation to update or revise any forward looking statements.
* * * * *

text: Bel Fuse Inc.

text: Daniel Bernstein

text: Bel

text: Bel Fuse Inc.

text: CS

text: Emerson

text: Bel

text: CS

text: Bel

text: CS

text: CS

text: CS

text: Bel

text: Bel

text: Emerson

text: Bel

text: CS

text: Bel

text: CS

text: CS

text: Bel

text: CS

text: KeyBank N.A. Needham & Company, LLC

text: DeCotiis, FitzPatrick & Cole, LLP

text: Bel

text: Bel

text: Bel

text: Bel

text: Emerson Connectivity Solutions

text: Bel

text: Bel

text: Bel

text: Emerson Connectivity Solutions


text:
EX-99.1
2
ex99-1.htm
PRESS RELEASE
ex99-1.htm
Exhibit 99.1
For Immediate Release
Jones Apparel Group, Inc.
Investor Contact:
John T. McClain, Chief Financial Officer
Jones Apparel Group
(212) 642-3860
Media Contacts:
Joele Frank and Sharon Stern
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449
Jones Apparel Group Completes Acquisition of 55% of the Equity Interests
of Stuart Weitzman Holdings, LLC
NEW YORK- June 2, 2010 - Jones Apparel Group, Inc. ("Jones") (NYSE: JNY) today announced it has completed its acquisition of 55% of the equity interests of Stuart Weitzman Holdings, LLC, a privately-held leading designer and manufacturer of women's salon footwear and accessories.
As previously announced on May 6, 2010, Jones entered into an agreement to acquire Stuart Weitzman Holdings, LLC in two stages. At the initial closing, completed today, Jones made cash payments of approximately $180 million to the selling shareholders, including Irving Place Capital, for a 55% interest in Stuart Weitzman Holdings, LLC. Stuart Weitzman will remain the principal owner of the remaining 45% interest, and will continue as Executive Chairman of Stuart Weitzman Holdings, LLC. The selling shareholders will receive cash payments for their remaining interest at a final closing expected to take place at the end of 2012, based upon the value of Stuart Weitzman Holdings, LLC at that time in accordance with a contractually pre-determined formula.
About Stuart Weitzman Holdings, LLC
For over 30 years, Stuart Weitzman has been designing shoes for the modern, sophisticated woman. Today, Stuart Weitzman Holdings, LLC is a leading designer, manufacturer, wholesaler and retailer of premium women's shoes and handbags in approximately 60 countries. Made famous by his trademark use of unique materials and keen attention to detail, Stuart Weitzman currently owns and operates 38 retail stores in the U.S., 7 stores internationally and provides exclusive licenses to 29 retailers to operate the Stuart Weitzman stores outside of the United States.
About Jones Apparel Group, Inc.
Jones Apparel Group, Inc. ("the Company") (www.jonesapparel.com) is a leading designer, marketer and wholesaler of branded apparel, footwear and accessories. The Company also markets directly to consumers through its chain of specialty retail and value-based stores and through its e-commerce web sites. The Company's nationally recognized brands include Jones New York, Nine West, Anne Klein, Gloria Vanderbilt, Kasper, Robert Rodriguez, Bandolino, Easy Spirit, Evan-Picone, l.e.i., Energie, Enzo Angiolini, Joan & David, Mootsies Tootsies, Sam & Libby, Napier, Judith Jack, Albert Nipon and Le Suit. The Company also markets costume jewelry under the Givenchy brand licensed from Givenchy Corporation, women's footwear under the Dockers® and Dockers® Women brands and infants', toddlers' and boys' footwear (excluding girls' footwear) under the Dockers® and Dockers® Premium brands, licensed from Levi Strauss & Co., apparel and accessories under the Rachel Roy brand licensed from Rachel Roy IP Company, LLC, and Jessica Simpson jeanswear licensed from VCJS LLC. Each brand is differentiated by its own distinctive styling, pricing strategy, distribution channel and target consumer. The Company contracts for the manufacture of its products through a worldwide network of quality manufacturers. The Company has capitalized on its nationally known brand names by entering into various licenses for several of its trademarks, including Jones New York, Anne Klein New York, Nine West, Gloria Vanderbilt, l.e.i. and Evan-Picone, with select manufacturers of women's and men's products which the Company does not manufacture. For more than 30 years, the Company has built a reputation for excellence in product quality and value, and in operational execution.
About Irving Place Capital
Irving Place Capital invests private equity capital in compelling buyouts, recapitalizations and growth capital opportunities alongside superior management teams. Irving Place Capital focuses on making control or entrepreneur-driven investments. Since its formation in 1997, Irving Place Capital has been an investor in 68 portfolio companies, and manages over $4 billion of equity capital, including its current $2.7 billion institutional fund. More information about Irving Place Capital is available at www.irvingplacecapital.com.
Forward Looking Statements
Certain statements contained herein are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements regarding the Company's expected financial position, business and financing plans are forward-looking statements. The words "believes", "expects", "plans", "intends", "anticipates" and similar expressions identify forward-looking statements. Forward-looking statements also include representations of the Company's expectations or beliefs concerning future events that involve risks and uncertainties, including:
●
those associated with the effect of national, regional and international economic conditions;
●
lowered levels of consumer spending resulting from a general economic downturn or lower levels of consumer confidence;
●
the tightening of the credit markets and the Company's ability to obtain capital on satisfactory terms;
●
given the uncertain economic environment, the possible unwillingness of committed lenders to meet their obligations to lend to borrowers, in general;
●
the performance of the Company's products within the prevailing retail environment;
●
customer acceptance of both new designs and newly-introduced product lines;
●
the Company's reliance on a few department store groups for large portions of the Company's business;
●
the Company's ability to identify acquisition candidates and, in a competitive environment for such acquisitions, acquire such businesses on reasonable financial and other terms;
●
the integration of the organizations and operations of any acquired businesses into the Company's existing organization and operations;
●
consolidation of the Company's retail customers;
●
financial difficulties encountered by the Company's customers;
●
the effects of vigorous competition in the markets in which the Company operates;
●
the Company's ability to attract and retain qualified executives and other key personnel;
●
the Company's reliance on independent foreign manufacturers;
●
changes in the costs of raw materials, labor, advertising and transportation;
●
the general inability to obtain higher wholesale prices for the Company's products that the Company has experienced for many years;
●
the uncertainties of sourcing associated with an environment in which general quota has expired on apparel products but litigation and political activity seeking to re-impose quotas have been initiated;
●
the Company's ability to successfully implement new operational and financial computer systems; and
●
the Company's ability to secure and protect trademarks and other intellectual property rights.
A further description of these risks and uncertainties and other important factors that could cause actual results to differ materially from the Company's expectations can be found in the Company's Annual Report on Form 10-K for the year ended December 31, 2009, including, but not limited to, the Statement Regarding Forward-Looking Disclosure and Item 1A-Risk Factors therein, and in the Company's other filings with the Securities and Exchange Commission. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, such expectations may prove to be incorrect. The Company does not undertake to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.

text: Jones Apparel Group, Inc.

text: Jones Apparel Group

text: Jones Apparel Group

text: Stuart Weitzman Holdings, LLC

text: Jones Apparel Group, Inc.

text: Jones

text: Stuart Weitzman Holdings, LLC

text: Jones

text: Stuart Weitzman Holdings, LLC

text: Jones

text: Stuart Weitzman Holdings, LLC

text: Stuart Weitzman Holdings, LLC

text: Stuart Weitzman Holdings, LLC

text: Stuart Weitzman Holdings, LLC

text: Stuart Weitzman Holdings, LLC

text: Jones Apparel Group, Inc.

text: Jones Apparel Group, Inc.

text: Jones

text: Jones


text:
EX-99.1
14
exhibit_99-1.htm
EXHIBIT 99.1
exhibit_99-1.htm
EXHIBIT 99.1
FOR IMMEDIATE RELEASE
GENERAL FINANCE CORPORATION ANNOUNCES COMPLETION OF STRATEGIC ACQUISITION OF PORTABLE LIQUID STORAGE TANK CONTAINER ASSETS
Transaction to Enhance Service Capacity in Key Texas Energy Producing Regions
PASADENA, CA - April 8, 2014 - General Finance Corporation (NASDAQ: GFN), the parent company of businesses in the mobile storage, modular space and liquid containment industries (the "Company"), announced that yesterday it closed its previously announced acquisition of the affiliated companies, Lone Star Tank Rental LP, based in Kermit, Texas, and KHM Rentals, LLC, based in Kenedy, Texas, (collectively "Lone Star") for a total purchase consideration of approximately $95 million, subject to certain working capital and other adjustments to be determined after the closing date.
Lone Star leases portable liquid storage tank containers and containment products, as well as provides certain fluid management services, to the oil and gas industry in the Permian and Eagle Ford basins of Texas through a fleet of more than 1,200 units.
"We are very pleased with the commitment and efforts made by the Lone Star principals and our management team to close this transaction at the early part of our stated time frame", said Ronald F. Valenta, Chief Executive Officer of General Finance Corporation. "We are also very appreciative of the support of our capital providers and anticipate an effective integration of Lone Star into our North American leasing operations, positioning us to further strengthen our capacity for continued and sustainable profitable growth".
The total purchase consideration consisted of $75 million in cash, 1,230,012 shares of the Company's common stock (calculated based on a value of $8.13 per share, which was the average of the closing market price during the 15-day trading period ending April 2, 2014), $5 million payable over five years for a non-compete agreement, and $5 million payable over two years for a general indemnity holdback. The Company funded the cash portion of the consideration with $50 million from existing cash resources and availability under an amended and expanded North American senior credit facility and $25 million at the corporate level from a two-year secured term loan.
About General Finance Corporation
Headquartered in Pasadena, California, General Finance Corporation (NASDAQ: GFN,
www.generalfinance.com
) is the parent company of businesses in the mobile storage, modular space and liquid containment ("portable services") industries. Management's expertise in these sectors drives disciplined growth strategies, operational guidance, effective capital allocation and capital markets support for the Company's subsidiaries. The Company's principal leasing operations are in the Asia-Pacific regions of Australia and New Zealand, consisting of majority-owned Royal Wolf Holdings Limited (
www.royalwolf.com.au
), the leading provider of portable storage solutions in those regions, and in North America, consisting of wholly-owned Pac-Van, Inc. (
www.pacvan.com
) and Lone Star Tank Rental Inc., prominent regional providers of portable storage, office and liquid storage tank containers, mobile offices and modular buildings. The Company also owns 90% of Southern Frac, LLC (
www.southernfrac.com
), a manufacturer of portable liquid storage tank containers in North America. Royal Wolf's shares trade on the Australian Securities Exchange under the symbol RWH.
Cautionary Statement about Forward-Looking Statements
Statements in this news release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, but are not limited to, statements addressing management's views with respect to future financial and operating results, competitive pressures, interest rates for our variable rate indebtedness, our ability to raise capital or borrow additional funds, changes in the Australian, New Zealand or Canadian dollar relative to the U.S. dollar, regulatory changes, customer defaults or insolvencies, litigation, acquisition of businesses that do not perform as we expect or that are difficult for us to integrate or control, our ability to procure adequate levels of products to meet customer demand, our ability to procure adequate supplies for our manufacturing operations, labor disruptions, adverse resolution of any contract or other disputes with customers, declines in demand for our products and services from key industries such as the Australian mining industry or the U.S. construction industry or a write-off of all or a part of our goodwill and intangible assets. These involve risks and uncertainties that could cause actual outcomes and results to differ materially from those described in forward-looking statements. We believe that the expectations represented by our forward-looking statements are reasonable, yet there can be no assurance that such expectations will prove to be correct. Furthermore, unless otherwise stated, the forward-looking statements contained in this press release are made as of the date of the press release, and we do not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise unless required by applicable law. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Readers are cautioned that these forward-looking statements involve certain risks and uncertainties, including those contained in filings with the Securities and Exchange Commission.
Investor/Media Contact
Larry Clark
Financial Profiles, Inc.
310-622-8223
########

text: GENERAL FINANCE CORPORATION

text: General Finance Corporation

text: Lone Star

text: Lone Star

text: Lone Star

text: Lone Star

text: Ronald F. Valenta

text: General Finance Corporation

text: Lone Star

text: General Finance Corporation

text: General Finance Corporation

text: Lone Star


text:
EX-99.1
2
skmpressrelease.htm
EXHIBIT
SKM Press Release
Exhibit 99.1
155 North Lake Avenue 91101
PO Box 7084
Pasadena, California 91109-7084
1.626.578.3500 Fax 1.626.578.7144
Press Release
FOR IMMEDIATE RELEASE
December 12, 2013
For additional information contact:
John W. Prosser, Jr.
Executive Vice President, Finance and Administration
626.578.6803
Jacobs Completes Merger Transaction with Sinclair Knight Merz
PASADENA, CALIF. - Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it completed its merger transaction with Sinclair Knight Merz, a 6,900-person professional services firm headquartered in Australia, in accord with the previously announced terms.
Jacobs purchased SKM for approximately AUS$1.3 billion in cash (approximately US $1.2 billion as of the date of this release). The purchase price reflects an enterprise value of AUS$1.2 billion (US$1.1 billion) plus adjustments for cash, debt and other items.
Founded in 1964, SKM is an employee owned company with broad consulting, planning, engineering, architecture, scientific and construction management capabilities. The company has significant operations in Australia, Asia, South America, and the U.K., and serves clients in multiple industries, including Mining and Metals, Building and Infrastructure, Water and Environment, and Power and Energy. SKM's 2013 revenue was approximately AUS$1.3 billion (US$1.2 billion).
In making the announcement, Jacobs President and CEO Craig Martin stated, "The combination of Jacobs and SKM further diversifies our geographic offerings and the end-markets we serve. We look forward to integrating the two companies and see many excellent opportunities ahead to support our clients, develop our people, and grow our business".
SKM CEO and Managing Director Santo Rizzuto added, "We are very enthusiastic about our future with Jacobs. Being one integrated company increases opportunities for our employees to build their careers in a range of disciplines around the world. We have significantly expanded our geographies and capabilities. The benefits we can deliver now that our companies are joined allow us to serve our clients better and in more places".
Jacobs is one of the world's largest and most diverse providers of technical professional and construction services.
Exhibit 99.1
Statements made in this release that are not based on historical fact are forward-looking statements. We base these forward-looking statements on management's current expectations as well as currently available competitive, financial, and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause actual results to differ materially from these forward-looking statements, including those contained in our 2013 Form 10-K, and in particular the discussions contained under Items 1 - Business, 1A - Risk Factors, 3 - Legal Proceedings, and 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations. We do not undertake to update any forward-looking statements made herein.

text: SKM

text: Jacobs

text: Sinclair Knight Merz

text: Jacobs Engineering Group Inc.

text: Sinclair Knight Merz

text: Jacobs

text: SKM

text: SKM

text: SKM

text: Jacobs

text: Jacobs

text: SKM

text: SKM

text: Jacobs

text: Jacobs


text:
EX-99.1
2
a07-22785_2ex99d1.htm
EX-99.1
Exhibit 99.1
Press Release
DG
FastChannel(TM) Completes Acquisition Of GTN, Inc., for $11.5 Million and Sells
Post Production Assets for $3.0 Million
Tuesday September 4, 7:00 am ET
Accretive
Acquisition Further Expands DG FastChannel's Ads Distribution Client Base and
Revenues
DALLAS-(BUSINESS
WIRE)-DG FastChannel, Inc. (NASDAQ:
DGIT
), the leading provider of digital media
services to the advertising, entertainment and broadcast industries, announced
today that it has completed its previously announced acquisition of
privately-held GTN, Inc., for $11.5 million, including approximately $1.5
million of GTN's working capital. Based in Detroit, GTN serves the advertising
community through a comprehensive range of advertising media services including
distribution for standard definition (SD) and high definition (HD) commercials,
asset management, archival and production and post-production, services.
Following
the closing of the acquisition, DG FastChannel divested GTN's post-production
assets and operations for $3.0 million in cash. Pro forma for the sale of
post-production assets and operations, GTN's ads distribution operations
generate approximately $6.0 million in annual revenue. Management expects that
the gross operating margin and operating income margins of the acquired
business will be relatively consistent with the levels achieved by the Company
in its recent 2007 financial results. As such, DG FastChannel believes the
transaction will be immediately accretive to its operating results. DG
FastChannel financed the transaction through borrowings under its existing
revolving credit facility.
Commenting
on the acquisition, Scott K. Ginsburg, Chairman and CEO of DG FastChannel said,
"Like our other recently completed transactions, this acquisition is strategically
and financially compelling. Strategically, GTN strengthens DG FastChannel's
presence in Detroit and the business combination brings talented personnel with
strong automotive industry and local agency relationships to DG FastChannel.
GTN's marquee clients include top automotive advertisers and Detroit-based
advertising agencies focused on the automotive advertising market.
"GTN's
ads distribution operations generate attractive EBITDA margins and we have
identified opportunities for operational and cost synergies as we integrate our
Detroit offices. The subsequent sale of the post-production operations results
in a net purchase price for the ads distribution business of $8.5 million. Our
shareholders will again benefit from our proven ability to combine complementary
businesses to drive superior returns".
About
DG FastChannel, Inc.
DG
FastChannel (DGIT: Nasdaq) is the leading provider of next generation workflow
solutions, digital media technology and delivery services to America's most
esteemed brands. The Company's delivery network reaches over 21,000 television
and radio stations, cable and TV networks, cable outlets and newspapers. DG
FastChannel's service and proprietary product set are integrated to provide
content providers, including brands and commercial production entities, news
organizations, syndicated programmers, and video news release producers and
broadcasters end-to-end digital solutions that maximize efficiency while
reducing costs. DG FastChannel's advanced capabilities include online delivery
of high-definition (HD) content, re-purposing of broadcast video for the
Internet, management of digital assets, and ubiquitous satellite and Internet
reach resulting in the industry's highest levels of reliability, speed and
quality. 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 GTN's advertising distribution
operations. 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 following: the risk that
operations will not be integrated successfully; the risk of adverse changes in
the economic environment; 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.
Contact:
DG FastChannel,
Inc.
Omar Choucair,
Chief Financial Officer, 972-581-2000
Or
Jaffoni &
Collins Incorporated
Joseph Jaffoni,
212-835-8500
dgit@jcir.com

text:
DG
FastChannel

text: GTN, Inc.

text: DG FastChannel

text: DG FastChannel, Inc.

text: GTN, Inc.

text: GTN

text: GTN

text: DG FastChannel

text: GTN

text: GTN

text: DG FastChannel

text:
DG
FastChannel

text: Scott K. Ginsburg

text: DG FastChannel

text: GTN

text: DG FastChannel

text: DG FastChannel

text: GTN

text: GTN

text: DG FastChannel, Inc.

text:
DG
FastChannel

text:
DG
FastChannel

text: DG FastChannel

text: DG FastChannel

text: GTN

text: DG FastChannel

text: DG FastChannel

text:
DG FastChannel,
Inc.

text: Omar Choucair


text:
EX-99.1
4
rate-20160622xex99_1.htm
EX-99.1
Exhibit 991 - Press Release
Exhibit 99.1
Bankrate Announces Closing of Acquisition of NextAdvisor Business
NEW YORK - June 20, 2016 - Bankrate, Inc. (NYSE: RATE) today announced that it has completed the previously announced agreement to buy the business of NextAdvisor, Inc., a leading online source of independent and in-depth research and reviews of credit cards, personal finance and internet services. For additional details on the transaction, please refer to Bankrate's May 5, 2016 press release.
About Bankrate, Inc.
Bankrate is a leading online publisher, aggregator, and distributor of personal finance content. Bankrate aggregates large scale audiences of in-market consumers by providing them with proprietary, fully researched, comprehensive, independent and objective personal finance and related editorial content across multiple vertical categories including mortgages, deposits, credit cards, senior care and other categories, such as retirement, automobile loans, and taxes. Our flagship sites Bankrate.com, CreditCards.com, and Caring.com are leading destinations in each of their respective verticals and connect our audience with financial service and senior care providers and other contextually relevant advertisers. Bankrate also develops and provides content, tools, web services and co-branded websites to over 100 online partners, including some of the most trusted and frequently visited personal finance sites such as Yahoo!, CNBC, Investopedia and MarketWatch. In addition, Bankrate licenses editorial content to leading news organizations such as The Wall Street Journal, USA Today, and The New York Times.
###
For more information:
Katie Yates
VP, Corporate Communications
917-368-8677
kyates@bankrate.com

text: Bankrate

text: NextAdvisor

text: Bankrate, Inc.

text: NextAdvisor, Inc.

text: Bankrate

text: Bankrate, Inc.

text: Bankrate

text: Bankrate

text: Bankrate

text: Bankrate

text: Katie Yates


text:
EX-99.1
4
d844406dex991.htm
EX-99.1
EX-99.1
Exhibit 99.1
Cambrex Announces Completion of Acquisition by the Permira Funds
December 4, 2019
EAST RUTHERFORD, N.J., Dec. 04, 2019
(GLOBE NEWSWIRE) - Cambrex Corporation (NYSE: CBM), the leading small molecule company providing drug substance, drug product and analytical services across the entire drug lifecycle, today announced the completion of its previously announced
sale to an affiliate of the Permira funds.
The Permira funds' investment will support the ongoing growth of Cambrex's integrated services
offering by enhancing the company's ability to service its global customer base, and broadening its capabilities to provide additional world class services to support the analysis, development and manufacturing - from preclinical through
commercial phases - of drug substances and products.
"The completion of this transaction kicks off the next exciting phase of growth for our
company", commented Steve Klosk, President and CEO of Cambrex. "We look forward to working with the Permira team to further enhance our
best-in-class
capabilities, strengthen our market-leading position, and broaden and deepen our customer relationships".
Cambrex today also announced the
appointment of Wayne Hewett as Chairman of the Board of Directors. Mr. Hewett is a seasoned industry executive with deep operational and leadership experience across multiple industries. He currently serves as the Chairman of DiversiTech, a
Permira portfolio company, and is a board member of Wells Fargo and The Home Depot.
About Cambrex
Cambrex is the leading small molecule company that provides drug substance, drug product and analytical services across the entire drug lifecycle. The company
provides customers with an
end-to-end
partnership for the research, development and manufacture of small molecule therapeutics. With over 35 years' experience and a
growing team of over 2,000 experts servicing global clients from sites in North America and Europe, Cambrex is a trusted partner in branded and generic markets for API and dosage form development and manufacturing.
Cambrex offers a range of specialist drug substance technologies and capabilities including biocatalysis, continuous flow, controlled substances, solid state
science, material characterization and highly potent APIs. In addition, Cambrex can support conventional dosage forms including oral solids, semi-solids and liquids and has the expertise to manufacture specialist dosage forms such as
modified-release, fixed dose combination, pediatric,
bi-layer
tablets, stick packs, topicals, controlled substances, sterile and
non-sterile
ointments.
For more information, please visit www.cambrex.com
About
Permira
Permira is a global investment firm. Founded in 1985, the firm advises funds with a total committed capital of approximately US$48bn
(€44bn) and makes long-term investments, including majority control investments as well as strategic minority investments, in companies with the objective of transforming their performance and driving sustainable growth. The Permira funds have
made over 250 private equity investments in five key sectors:
Technology, Consumer, Financial Services, Industrial Tech and Services, and Healthcare.
Permira employs over 250 people in 14 offices across Europe, North America, and Asia.
For more information, please visit: www.permira.com
Cambrex Contact:
Stephanie LaFiura
Investor Relations Associate
Tel: +1 (201) 804 3037
Email: stephanie.lafiura@cambrex.com
Permira Contact:
Nina Suter
Head of Communications
Tel: +44 207 9594037
Email: Nina.suter@permira.com
Brooke Gordon / Devin Broda / Julie Rudnick
Tel: +1 (212) 687 8080
Permira-SVC@SARDVERB.com

text: Cambrex

label: fund

text: Permira Funds

override: fund

text: Cambrex Corporation

text: Permira funds

text: Permira

text: Cambrex

text: Steve Klosk

text: Cambrex

text: Permira

text: Cambrex

text: Permira

text: Cambrex

text: Cambrex

text: Cambrex

text: Cambrex

text: Cambrex

text: Permira

text: Permira

text: Permira

text: Permira

text: Cambrex

text: Permira

text: Permira


text:
EX-99.1 CHARTER
2
exhibit99_1.htm
MC SHIPPING EXHIBIT 99.1
MC Shipping Exhibit 99.1
Exhibit
99.1
MC
Shipping Inc.
24
Ave de Fontvielle,
Monte
Carlo, Monaco
New
York Telephone 646. 623.5333
Email.
MCShipping @ aol.com
…FOR IMMEDIATE
RELEASE…
January
20th 2005. MC
Shipping Inc. (AMEX:MCX) announces that they have sold four container
vessels to a special purpose company formed by German finance house KGAL. The
vessels are due to be delivered to KGAL within the next few days.
The four
vessels (Maersk Belawan, Maersk Brisbane, Maersk Bacelona and Ankara) which have
been owned by the Company for over seven years secured an en bloc price of
$30 million, approximately $17.5 million over their current book value.
Concurrently, the Company will prepay $15 million under the $45 million long
term debt agreement with Fortis Bank entered into on October 11, 2004 to
refinance the Company's outstanding debt. The repayment schedule of the loan
will be reduced proportionately.
The
vessels will continue on their charter to Maersk and as part of the transaction,
the Company will make a minority investment in the acquisition company and
maintain operational responsibilities for the vessels.
" By
executing this transaction we are able to show to our shareholders that we are
capable of unlocking some of the hidden value in our company and greatly
increase the immediately available cash within the Company", said CEO Tony
Crawford.
"As we
will continue to manage and assume certain technical responsibilities for
the vessels, this will allow us to continue to work closely with Maersk and at
the same time free up significant resources for future investments", concluded
Crawford.
The
company expects to defer the profit and record it over the remaining
useful life of the vessels as required under US GAAP.
With the
sale of these vessels, the company will continue to own 100% of nine vessels
primarily in the LPG sector and a minority investment in the 4 vessels
discussed above.
For
further information please contact
Peter
Shaerf at MC Shipping Inc.
646 623
5333
Email
either MCShipping@aol.com
or
Investorrelations@mcshipping.com

text:
MC
Shipping Inc.

text:
MC
Shipping Inc.

text: KGAL

text: KGAL

text: MC Shipping Inc.


text:
EX-99.1
2
v010487_ex99-1.htm
Unassociated Document
EXHIBIT 99.1
Press Release
Source: AmeriChip International Inc.
AmeriChip International Inc. Signs Purchase Agreement With KSI Machine & Engineering Inc.
Wednesday December 22, 9:06 am ET
PLYMOUTH, Mich.--(BUSINESS WIRE)--Dec. 22, 2004--The Board of Directors of AmeriChip International Inc. (OTCBB:ACHI - News) announced that the Company has signed the Purchase Agreement with KSI Machine & Engineering ("KSI") Clinton Twp, MI. (
www.ksimachine.com
) and made a further deposit of $100,000 to be held in escrow until time of closing, which is anticipated to be in January, 2005.
The material terms of the agreement are as follows:
This stock purchase will be for an aggregate consideration of $3.2 million. The Company has agreed, under a separate agreement with Mr. Jim Kotsonis, to issue 500,000 restricted shares of the Company's common stock for consulting services to be rendered over the next 18 months.
The Company is further pleased to report that Mr. Kotsonis has agreed to join the Board of Directors of AmeriChip effective at the time of closing. He will bring a wide breadth of knowledge and experience to the Company as he assists management in its business expansion model. Mr. Kotsonis will be responsible for purchasing new machinery, upgrading existing equipment to increase efficiencies and working with research and development on the integration of the patented LACC process within KSI. With the business available to KSI in the first quarter of 2005 it will continue to work throughout the Christmas holiday season and will also be adding additional shifts in the first quarter.
KSI is a well-established Tier One supplier based in Michigan. KSI is a leader in machining large industrial castings and molds for the automotive and aerospace industries utilizing state of the art CNC machinery that has revolutionized die machining. The benefits of this advanced technology to customers include reduced machine time, excellent machining accuracy, and less time through try-out. By incorporating the AmeriChip LACC process within KSI's successful and profitable business model of over forty years. AmeriChip expects to expand and enhance its product offering to its customer base.
The Company would like to acknowledge Legacy Assurance Company of Grand Blanc, MI for their professional conduct and assistance throughout the process of finalizing this transaction. (www.legacy-assurance.com)
AmeriChip expects that its LACC process will provide KSI with the unique, competitive and profitable advantage on quoting and securing purchase orders on long chip producing metals for large volume and long term production machining orders. The Board of Directors believes that this acquisition is not only a benchmark for AmeriChip but commences what management believes is an exciting beginning to its profitable and successful future.
Headquartered in Plymouth, MI, U.S.A., AmeriChip International Inc. holds a patented technology known as Laser Assisted Chip Control, the implementation of which results in efficient chip control management in industrial metal machining applications. This technology provides substantial savings in machining costs of certain automobile parts providing much more competitive pricing and more aggressive sales approaches within the industry.
The innovative AmeriChip business model, enhanced by its AmeriChip Tool and Abrasives subsidiary, is designed to establish an extensive resource for cost saving services and products that all cost conscious industrial steel and aluminum machining companies require. AmeriChip is committed to keeping jobs in America for Americans.
For more information, visit our website at www.americhipintl.com or, contact R. Windsor at 905-898-2646 or, send an e-mail to r.windsor@americhipintl.com.
This release may include projections of future results and "forward-looking statements" as that term is defined in 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"). All statements that are included in this release, other than statements of historical fact, are forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable; it can give no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the expectations disclosed in this release, including, the Risk Factors set forth in its Registration Statement on Form SB-2 (File No. 333-119331).
Contact:
AmeriChip International Inc.
R. Windsor, 905-898-2646
r.windsor@americhipintl.com
www.americhipintl.com
Source: AmeriChip International Inc.

text: AmeriChip International Inc.

text: AmeriChip International Inc.

text: KSI Machine & Engineering

text: AmeriChip International Inc.

text: KSI Machine & Engineering

text: Jim Kotsonis

text: AmeriChip International Inc.

text: AmeriChip International Inc.

text: AmeriChip International Inc.


text:
EX-99.1
5
a07-17500_5ex99d1.htm
EX-99.1
Exhibit
99.1
Press Release
K-SEA
TRANSPORTATION PARTNERS L.P. COMPLETES ACQUISITION OF SMITH MARITIME
AND SIRIUS MARITIME
NEW YORK, AUGUST 15, 2007-
K-Sea Transportation Partners L.P.
(NYSE: KSP) said today that it has completed its recently announced acquisition
of Smith Maritime, Ltd. of Honolulu, Hawaii and Sirius Maritime, LLC
of Seattle, Washington.
President and CEO Timothy J. Casey said "We are very excited about
welcoming the Smith and Sirius operating teams to K-Sea. This acquisition immediately increases our
barrel-carrying capacity by 770,000 barrels, or 22% of our capacity of
3.5 million barrels at June 30, 2007.
In addition, our ongoing vessel newbuilding program, under which we have
ten new tank barges under construction, will add 524,000 barrels over the
next three and one-half years.
"These
transactions strengthen our operations on the West Coast and also expand our
geographical presence to Hawaii, thus providing a further platform for future
growth. We have also enhanced our
ability to service those of our customers who have marine transportation
requirements in more than one U.S. coastal market. We believe this strengthens K-Sea's
position as a leading provider of refined petroleum products transportation
services in the U.S., and expands our ability to provide reliable and efficient
service to our customers".
Contact K-Sea
Transportation Partners L.P
John J. Nicola, Chief Financial Officer, 732 565-3818

text:
K-SEA
TRANSPORTATION PARTNERS L.P.

override: organization

text: SMITH MARITIME

text: SIRIUS MARITIME

text: K-Sea Transportation Partners L.P.

text: Smith Maritime, Ltd.

text: Sirius Maritime, LLC

text: John J. Nicola


text:
EX-99.1
2
f8k031116ex99i_skypeople.htm
PRESS RELEASE
Exhibit 99.1
For more information, please
contact:
COMPANY
INVESTOR RELATIONS
Hanjun Zheng, Interim Chief Financial Officer
David Rudnick, Account Manager
SkyPeople Fruit Juice, Inc.
Precept Investor Relations LLC
Tel: China + 86
- 29-8837-7161
Tel: US +1 917-864-8849
Email:
hanjun.zheng@skypeoplefruitjuice.com
Email:
david.rudnick@preceptir.com
Web:
http://www.skypeoplefruitjuice.com
SkyPeople Announces a Share Transfer by its
Subsidiary and a
Capital Contribution Agreement by a Chinese Investment Fund
XI'AN, China, March 16, 2015 /PRNewswire-Asia-FirstCall/
-- SkyPeople Fruit Juice, Inc. (NASDAQ: SPU - News) ("SkyPeople" or "the Company"), a producer of fruit juice
concentrates, fruit juice beverages and other fruit-related products, today announced
that
o
n March 11, 2016, SkyPeople Juice International Holding (HK) Limited ("SkyPeople HK"), a wholly owned subsidiary
of the Company and a 99.78% owner of SkyPeople Juice Group Co., Ltd. ("SkyPeople China") entered into a share transfer
agreement and a capital contribution agreement with Shenzhen TianShunDa Equity Investment Fund Management Co., Ltd. ("TSD
Investment Fund"), a limited liability corporation registered in China.
Pursuant to the approval certificate and business
license requirements of Shaanxi Province, where SkyPeople China is registered to do business, SkyPeople HK was required to contribute
RMB 427,000,000 (approximately $65,698,308), and Hongke Xue, a director of the Company was required to contribute RMB 1,000,000
(approximately $153,846), to SkyPeople China for this purpose.
However, as of March 10, 2016, SkyPeople HK
had contributed only RMB 314,190,900 (approximately $48,337,062) to SkyPeople China, and not the remaining RMB 112,809,100 (approximately
$17,355,246) as payment for the remaining 112,809,100 shares of SkyPeople China so as to fulfill the requirements of the Chinese
regulations.
To address this capital shortage and comply
with the requirements of local laws and regulations, SkyPeople HK entered into agreements with TSD Investment Fund whereby TSD
Investment Fund will acquire 112,809,100 shares of SkyPeople China from SkyPeople HK, and in exchange, will make a capital contribution
of RMB 131,761,028.80 (approximately $20,270,928) to SkyPeople China. The capital contribution by TSD Investment Fund, as approved
by the Company's Board of Directors, was calculated as eight times SkyPeople China's net profit per share for fiscal
2014 (about RMB 0.146 per share) multiplied by 112,809,100 shares to equal a total capital contribution of RMB 131,761,028.80 (approximately
$20,270,928).
Of the total capital contribution of RMB 131,761,028.80
(approximately $20,270,928) by TSD Investment Fund, RMB 112,809,100.00 (approximately $17,355,246) will be used as payment for
the outstanding amount due to SkyPeople China by SkyPeople HK. The remaining RMB 18,951,928.80 (approximately $2,915,681) will
be used as an additional capital contribution to SkyPeople China and deposited into SkyPeople China's capital surplus account.
Upon the effectiveness of the agreements between SkyPeople HK and TSD, on or about April 1, 2016, SkyPeople HK will own 314,190,900
shares, or 73.42%, of SkyPeople China, TSD Investment Group will own 112,809,100 shares, or 26.36%, of SkyPeople China and Mr.
Hongke Xue will own 1,000,000 shares, or 0.22%, of SkyPeople China.
About SkyPeople Fruit Juice, Inc.
SkyPeople Fruit Juice, Inc., a
Florida company, through its wholly-owned subsidiary Pacific Industry Holding Group Co., Ltd. ("Pacific"), a Vanuatu
company, and SkyPeople Juice International Holding (HK) Ltd., a company organized under the laws of Hong Kong Special Administrative
Region of the People's Republic of China and a wholly owned subsidiary of Pacific, holds 99.78% ownership interest in SkyPeople
Juice Group Co., Ltd. ("SkyPeople (China)"). SkyPeople (China), together with its operating subsidiaries in China,
is engaged in the production and sales of fruit juice concentrates, fruit beverages, and other fruit related products in the PRC
and overseas markets. Its fruit juice concentrates are sold to domestic customers and exported directly or via distributors. Fruit
juice concentrates are used as a basic ingredient component in the food industry. Its brands, "Hedetang" and "SkyPeople,"
which are registered trademarks in the PRC, are positioned as high quality, healthy and nutritious end-use juice beverages. For
more information, please visit
http://www.skypeoplefruitjuice.com
.
Safe Harbor Statement
Certain of the statements
made in this press release are "forward-looking statements" within the meaning and protections of Section 27A of the
Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. Forward-looking
statements include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, assumptions,
estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may
be beyond our control, and which may cause the actual results, performance, capital, ownership or achievements of the Company to
be materially different from future results, performance or achievements expressed or implied by such forward-looking statements.
All statements other than statements of historical fact are statements that could be forward-looking statements. You can identify
these forward-looking statements through our use of words such as "may", "will", "anticipate", "assume,"
"should", "indicate", "would", "believe", "contemplate", "expect,"
"estimate", "continue", "plan", "point to", "project", "could", "intend,"
"target" and other similar words and expressions of the future.
All written or oral forward-looking statements
attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks
and uncertainties described in our annual report on Form 10-K for the year ended December 31, 2014 and otherwise in our SEC reports
and filings, including the final prospectus for our offering. Such reports are available upon request from the Company, or from
the Securities and Exchange Commission, including through the SEC's Internet website at http://www.sec.gov. We have no obligation
and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective
dates on which any such statements otherwise are made.
###

text: Hanjun Zheng

text: SkyPeople HK

text: SkyPeople China

text:
TSD
Investment Fund

text: SkyPeople China

text: SkyPeople HK

text: Hongke Xue

text: SkyPeople China

text: SkyPeople HK

text: SkyPeople China

text: SkyPeople China

text: SkyPeople HK

text: TSD Investment Fund

text:
TSD
Investment Fund

text: SkyPeople China

text: SkyPeople HK

text: SkyPeople China

text: TSD Investment Fund

text: SkyPeople China

text: TSD Investment Fund

text: SkyPeople China

text: SkyPeople HK

text: SkyPeople China

text: SkyPeople China

text: SkyPeople HK

text: SkyPeople HK

text: SkyPeople China

text: SkyPeople China

text: Hongke Xue

text: SkyPeople China


text:
EX-99.1
4
tm2025414d2_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
Fortress Affiliates Complete Their Acquisition
of Finjan
EAST PALO ALTO, Calif. and NEW YORK, New
York, July 24, 2020 - Finjan Holdings, Inc. ("Finjan") (NASDAQ:FNJN) and affiliates of Fortress Investment Group LLC
(such affiliates, collectively "Fortress") today announced that Fortress has completed its previously announced acquisition
of Finjan.
Finjan, a recognized pioneer in the development
of cybersecurity technologies, will maintain its brand and business model post-transaction, licensing a substantial patent portfolio
that has been consistently upheld by courts and patent offices.
The closing of the transaction follows
the successful completion of Fortress's offer to purchase a majority of Finjan's outstanding shares of common stock
for $1.55 per share in an all-cash tender offer (the "Tender Offer"), which was made pursuant to the terms of the definitive
agreement for the transaction (the "Merger Agreement"). The transaction was completed through consummation of a merger
pursuant to which, subject to certain exceptions set forth in the Merger Agreement, each share of common stock of Finjan was converted
into the right to receive the same price per share as shares validly tendered in the Tender Offer, in accordance with Section 251(h)
of the General Corporation Law of the State of Delaware.
As a result of the Tender Offer and merger,
Finjan's common stock will cease trading on the Nasdaq Capital Market.
About Fortress Investment Group LLC
Fortress Investment Group LLC is a leading,
highly diversified global investment manager with approximately $41.7 billion of assets under management as of March 31, 2020.
Founded in 1998, Fortress manages assets on behalf of over 1,700 institutional clients and private investors worldwide across a
range of credit and real estate, private equity and permanent capital investment strategies.
About Finjan Holdings, Inc.
Established in 1996, Finjan is a globally
recognized pioneer in cybersecurity. Finjan's inventions are embedded within a strong portfolio of patents focusing on software
and hardware technologies used to proactively detect previously unknown and emerging threats on a real-time, behavior-based basis.
After receiving initial funding from a broad group of investors, including venture, private equity, and large software and technology
companies. Finjan has continued to grow through investments in innovation, strategic acquisitions, and partnerships promoting economic
advancement and job creation.
Forward-Looking Statements
Statements about the effects of the transaction,
the future of Finjan's business, and all other statements in this news release, other than historical facts, constitute forward-looking
statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. When used
in this news release, the words "expect", "believe", "anticipate", "goal", "plan,"
"intend", "estimate", "may", "will" or similar words are intended to identify forward-looking
statements. Readers are cautioned not to place undue reliance on these forward-looking statements and any such forward-looking
statements are qualified in their entirety by reference to the following cautionary statements. All forward-looking statements
speak only as of the date hereof, are based on current expectations and involve a number of assumptions, known and unknown risks,
uncertainties and other factors that could cause the actual results to differ materially from the information expressed or implied
by these forward-looking statements, including, but not limited to, the following: (a) the risk that the transaction disrupts current
plans and operations; (b) difficulties or unanticipated expenses in maintaining Finjan's business post-closing; (c) the risk
that the acquisition does not perform as planned or realize expected benefits; and (d) potential difficulties in employee retention
following the closing of the transaction. Actual results or outcomes may differ materially from those implied by the forward-looking
statements as a result of the impact of a number of factors, many of which are discussed in more detail in Finjan's periodic
reports filed with the Securities and Exchange Commission.
Finjan Contact:
Valter Pinto
KCSA Strategic Communications
(650) 282-3245
investors@finjan.com
Fortress Contact:
Gordon Runté, Managing Director
(212) 798 6082
grunte@fortress.com
-
2
-

text: Fortress

text: Finjan

text: Finjan Holdings, Inc.

text: Finjan

text: Fortress Investment Group LLC

text: Fortress

text: Fortress

text: Finjan

text: Finjan

text: Fortress

text: Finjan

text: Finjan

text: Finjan

text: Fortress Investment Group LLC

text: Fortress Investment Group LLC

text: Fortress

text: Finjan Holdings, Inc.

text: Finjan

text: Finjan

text: Finjan

text: Finjan

text: Finjan

text: Finjan

text: Finjan

text: Fortress

text: Gordon Runté


text:
EX-99.1
2
ex99-1.htm
PRESS RELEASE
Exhibit 99.1
For Release:
Immediately
Contact:
Media -
Aidan Gormley, Director, Global Corporate Communications and Branding
216/896-3258
aidan.gormley@parker.com
Financial Analysts -
Robin J. Davenport, Vice President, Corporate Finance
216/896-2265
rjdavenport@parker.com
Stock Symbol:
PH - NYSE
Parker Hannifin Completes LORD Acquisition
- Strengthens Parker's position as a global leader in engineered materials
CLEVELAND - October 29, 2019 - Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today completed its
acquisition of LORD Corporation - a leading manufacturer of advanced adhesives and coatings, as well as vibration and motion control technologies - for approximately $3.675 billion in cash. The strategic transaction creates a combined organization
with strong materials science capabilities, electrification and aerospace product offerings that are highly complementary.
The transaction is expected to drive significant value for shareholders through increased organic growth, higher EBITDA margins, stronger cash flow and add to Parker's
earnings per share, excluding one-time costs and deal related amortization. LORD will strengthen Parker's portfolio of attractive margin and high growth businesses, and significantly expand Parker's
materials science capabilities with complementary products, better positioning Parker to serve customers in growth industries and capitalize on emerging trends such as electrification and lightweighting.
"We are excited about the opportunity to strengthen our technology portfolio by significantly bolstering our position in engineered materials", said Tom Williams, Chairman and Chief Executive Officer of Parker.
"Acquiring LORD is expected to improve operating margins and its organic growth rate will help improve the resiliency of the Parker portfolio, strengthening our ability to achieve top quartile financial performance".
"The LORD acquisition will allow us to deliver greater value to our existing and future customers", said Andy Weeks, Parker's Engineered Materials Group President. "We welcome the talented LORD team who have built a
high performing business with strong product brands such as Chemlok
®
. Going forward, we will work collaboratively to integrate our businesses by leveraging the best
ideas, capabilities and practices of both organizations".
An integration team has been formed and a detailed integration plan is underway, designed to allow for a smooth transition between Parker and LORD and to realize synergies between the two organizations.
About Parker Hannifin
Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For more than 100 years the company has engineered the success of its customers in a wide range of diversified industrial and aerospace
markets. Parker has increased its annual dividend per share paid to shareholders for 63 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 index. Learn more at www.parker.com or @parkerhannifin.
About LORD Corporation
LORD Corporation is a diversified technology and manufacturing company developing highly reliable adhesives, coatings, and vibration and motion control
technologies that significantly reduce risk and improve product performance. For more than 90 years, LORD has worked in collaboration with its customers to provide innovative aerospace, defense, automotive and industrial solutions.
Forward-Looking Statements
Forward-looking statements contained in this and other written and oral reports are made based on known events and circumstances at the time of release, and
as such, are subject in the future to unforeseen uncertainties and risks. These statements may be identified from the use of forward-looking terminology such as "anticipates", "believes", "may", "should", "could", "potential", "continues", "plans,"
"forecasts", "estimates", "projects", "predicts", "would", "intends", "anticipates", "expects", "targets", "is likely", "will", or the negative of these terms and similar expressions, and include all statements regarding future performance,
earnings projections, events or developments. Parker cautions readers not to place undue reliance on these statements. It is possible that the future performance and earnings projections of the company, including its individual segments, may differ
materially from current expectations, depending on economic conditions within its mobile, industrial and aerospace markets, and the company's ability to maintain and achieve anticipated benefits associated with announced realignment activities,
strategic initiatives to improve operating margins, actions taken to combat the effects of the current economic environment, and growth, innovation and global diversification initiatives. Additionally, the actual impact of changes in tax laws in
the United States and foreign jurisdictions and any judicial or regulatory interpretations thereof on future performance and earnings projections may impact the company's tax calculations. A change in the economic conditions in individual markets
may have a particularly volatile effect on segment performance.
The risks and uncertainties in connection with such forward-looking statements related to the transaction include, but are not limited to, economic conditions within the company's and LORD's key markets, and the ability
of the company and LORD to maintain and achieve anticipated benefits associated with the transaction, strategic initiatives to improve operating margins, and growth, innovation and global diversification initiatives; business disruptions due to
transaction-related uncertainty or other factors making it more difficult to maintain relationships with employees, business partners or governmental entities; the possibility that the expected synergies and value creation from the transaction will
not be realized or will not be realized within the expected time period; the parties being unable to successfully implement integration strategies; and significant costs related to the transaction. Readers should consider these forward-looking
statements in light of and in conjunction with risk factors discussed in Parker's Annual Report on Form 10-K for the fiscal year ended June 30, 2019 filed on August 23, 2019 and other periodic filings made with the SEC. Parker makes these statements
as of the date of this disclosure and undertakes no obligation to update them unless otherwise required by law.
###

text: Aidan Gormley

text: Robin J. Davenport

text:
NYSE
Parker Hannifin

text: LORD

text: Parker Hannifin Corporation

text: LORD Corporation

text: LORD

text: Tom Williams

text: LORD

text: LORD

text: LORD

text: LORD

text: LORD Corporation

text: LORD Corporation

text: LORD

text: LORD

text: LORD