text:
EX-99.1
3
prftcorematrixpressrelease.htm
PRESS RELEASE DATED OCTOBER 14, 2013
Exhibit 99.1
For more information, please contact:
Bill Davis,
Perficient, Inc.
,
(314) 529-3555
For Immediate Release
PERFICIENT ACQUIRES COREMATRIX
Acquisition expands salesforce.com partnership;
Enhances overall cloud computing expertise to address growing client demand
SAINT LOUIS (October 14, 2013) - Perficient, Inc. (NASDAQ: PRFT), a leading information technology consulting firm serving Global 2000 and other large enterprise customers throughout North America, today announce
d it has
acquired CoreMatrix Systems LLC ("CoreMatrix"),
a $15 million annual services revenue consulting firm specializing in salesforce.com cloud computing services and solutions.
Perficient's current annualized revenues are now approaching $400 million, and the transaction is expected to be accretive to adjusted earnings per share immediately.
"We're excited to add to our cloud computing expertise with another acquisition of a quickly-growing salesforce.com consulting firm", said Jeffrey Davis, Perficient's chief executive officer and president. "CoreMatrix's strong East Coast presence complements our acquisition earlier this year of West Coast-based, salesforce.com-focused Clear Task. We now have the comprehensive capacity to sell and deliver Salesforce solutions across the entire United States. Furthermore, we're excited to add another high-growth and well-run firm with excellent operating metrics to Perficient".
"Cloud computing has emerged as a key enabler for business efficiency and agility. There is a growing demand from enterprises to move their operations to the cloud to reduce costs, empower business innovation, and create responsive and social organizations", said Kathy Henely, Perficient's chief operating officer. "Perficient's current cloud expertise includes offerings from many of the world's leading cloud computing providers - IBM, Microsoft, Oracle and salesforce.com. With the addition of CoreMatrix, Perficient has further enhanced its salesforce.com partnership, helping clients effectively address market changes through customized Service Cloud, Sales Cloud and Force.com offerings".
The acquisition of CoreMatrix:
.
Deepens Perficient's cloud computing offerings, social strategy and execution services, and customer relationship management (CRM) user adoption and change management services;
.
Adds nearly 75 consulting, technology, sales and support professionals;
and
.
Adds client relationships with enterprise customers including American Express, AVON, Bank of America, Blue Cross Blue Shield, Bridgestone, Computer Associates, Dell, GE, GTECH, Norwegian Cruise Line, PGA Tour, PharmaNet, RockTenn, State Farm, Transocean, Vertex and many more.
CoreMatrix Managing Members Frank McMahon and Paul Nix join Perficient in key leadership roles.
"Perficient is well known for its expertise across many technology platforms and is already perceived as one of the leading cloud consulting and systems integration consulting firms in the country", said McMahon. "Joining the Perficient team accelerates our collective opportunities for further growth and success".
The closing consideration paid in the transaction is approximately $21.5 million and includes $18.5 million in cash and approximately $3 million worth of Perficient common stock. Additional consideration of up to $10 million is subject to certain financial achievements and working capital provisions.
Randy Grigg, managing partner of Ridgecrest Advisors, advised Perficient on the transaction in his capacity as a registered investment banking agent of M&A Securities Group, Inc.
# # #
About Perficient
Perficient is a leading information technology consulting firm serving Global 2000 and enterprise customers throughout North America. Perficient's professionals serve clients from a network of offices across North America and three offshore locations, in Eastern Europe, India, and China. Perficient helps clients use Internet-based technologies to improve productivity and competitiveness, strengthen relationships with customers, suppliers and partners, and reduce information technology costs. Perficient, traded on the Nasdaq Global Select Market, is a member of the Russell 2000® index and the S&P SmallCap 600 index. Perficient is an award-winning "Premier Level" IBM business partner, a Microsoft National Systems Integrator and Gold Certified Partner, an Oracle Platinum Partner, a Gold salesforce.com Cloud Alliance Partner, a TeamTIBCO partner, and an EMC Select Services Team Partner. For more information, please visit www.perficient.com.
About CoreMatrix
CoreMatrix is a leading provider of cloud computing consulting, systems integration, social strategy development, custom application development and managed services for mid-sized to Fortune 500 companies. With experience gained from over 1,800 cloud computing engagements, CoreMatrix is dedicated to helping customers achieve their objectives and obtain the greatest value from their investments.
Safe Harbor Statement
Some
of the statements contained in this news release that are not purely historical statements discuss future expectations or state other forward-looking information related to financial results and business outlook for 2013. Those statements are subject to known and unknown risks, uncertainties, and other factors that could cause the actual results to differ materially from those contemplated by the statements. The "forward-looking" information is based on management's current intent, belief, expectations, estimates, and projections regarding our company and our industry. You should be aware that those statements only reflect our predictions. Actual events or results may differ substantially. Important factors that could cause our actual results to be materially different from the forward-looking statements include (but are not limited to) those disclosed under the heading "Risk Factors" in our annual report on Form 10-K for the year ended December 31, 2012 and the following:
(1)
the possibility that our actual results do not meet the projections and guidance contained in this news release;
(2)
the impact of the general economy and economic uncertainty on our business;
(3)
risks associated with the operation of our business generally, including:
1.
client demand for our services and solutions;
2.
maintaining a balance of our supply of skills and resources with client demand;
3.
effectively competing in a highly competitive market;
4.
protecting our clients' and our data and information;
5.
risks from international operations;
6.
obtaining favorable pricing to reflect services provided;
7.
adapting to changes in technologies and offerings; and
8.
risk of loss of one or more significant software vendors;
(4)
legal liabilities, including intellectual property protection and infringement;
(5)
risks associated with managing growth through acquisitions and organically; and
(6)
the risks detailed from time to time in our filings with the Securities and Exchange Commission
.
Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. This cautionary statement is provided pursuant to Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements in this release are made only as of the date hereof and we undertake no obligation to update publicly any forward-looking statement for any reason, even if new information becomes available or other events occur in the future.

text: Perficient, Inc.

text: PERFICIENT

text: COREMATRIX

text: Perficient, Inc.

text: CoreMatrix Systems LLC

text: CoreMatrix

text: Perficient

text: Perficient

text: CoreMatrix

text: Perficient

text: Perficient

text: Perficient

text: CoreMatrix

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text: CoreMatrix

text: Perficient

text: CoreMatrix

text: Perficient

text: Perficient

text: Perficient

text: Perficient

text: Randy Grigg

text: Ridgecrest Advisors

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text: Perficient

text: Perficient

text: Perficient

text: Perficient

text: Perficient

text: Perficient

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text: CoreMatrix

text: CoreMatrix


dataset: buster

text:
EX-99.1
7
nc10003799x30_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
New Media and Gannett Complete Merger, Creating Leading U.S. Print and Digital News Organization
NEW YORK, NY AND MCLEAN, VA November 19, 2019 - New Media Investment Group Inc. ("New Media") (NYSE: NEWM) and Gannett Co., Inc. ("Gannett") (NYSE: GCI) jointly announced today the successful completion of the
previously announced acquisition of Gannett by New Media for a combination of cash and stock (the "Merger").
As previously announced, Gannett stockholders are entitled to receive $6.25 in cash and 0.5427 shares of New Media common stock per share of Gannett common stock in the Merger.
The combined company will operate under the name "Gannett Co., Inc.". Beginning on November 20, 2019, New Media will trade on the New York Stock Exchange under this name and its ticker symbol will be changed to "GCI".
Michael Reed will remain Chairman and Chief Executive Officer of the combined company and Paul Bascobert will serve as Chief Executive Officer of the operating subsidiary, Gannett Media Corp.
"We are pleased to announce the completion of the Merger to create the leading U.S. print and digital news organization with deep local roots and national scale", said Michael Reed, Chairman and Chief Executive Officer
of New Media. "Our combined company will sustain local journalism in hundreds of markets across the country and enhance the services we provide to small and midsized businesses nationally. On behalf of everyone at New Media, we welcome Gannett and
their talented team, and look forward to working together to achieve a seamless transition and to build value for all of our shareholders, employees, clients and local communities".
"Today is an exciting day as we move forward together as a combined company", said Paul Bascobert, Chief Executive Officer of Gannett. "We have a bright future together, grounded in our shared commitment to our local
communities and our goal of building an enduring model that supports local journalism".
About New Media Investment Group Inc.
New Media (NYSE: NEWM) supports small to mid-size communities by providing locally-focused print and digital content to its consumers and premier marketing and technology solutions to its small
and medium business partners. New Media is one of the largest publishers of locally based print and online media in the United States as measured by its 152 daily publications. As of September 29, 2019, New Media operates in over 600 markets
across 39 states reaching over 21 million people on a weekly basis and serves over 200,000 business customers.
About Gannett
Gannett Co., Inc. (NYSE: GCI) is an innovative, digitally focused media and marketing solutions company committed to strengthening communities across its network. With an unmatched local-to-national
reach, Gannett touches the lives of more than 125 million people monthly with its Pulitzer-Prize winning content, consumer experiences and benefits, and advertiser products and services. Gannett brands include USA TODAY NETWORK with the iconic USA
TODAY and more than 100 local media brands, digital marketing services companies ReachLocal, WordStream and SweetIQ, and U.K. media company Newsquest. To connect with Gannett, visit www.gannett.com.
Cautionary Statement Regarding Forward-Looking Statements
Certain statements in this communication may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are
not historical facts. Words such as "anticipate(s)", "expect(s)", "intend(s)", "plan(s)", "target(s)", "project(s)", "believe(s)", "will", "aim(s)", "would", "seek(s)", "estimate(s)" and similar expressions are intended to identify such
forward-looking statements.
Forward-looking statements are based on New Media's and Gannett's respective management's current expectations and beliefs, and neither New Media nor Gannett can give any assurance that its expectations or beliefs will
be attained. These forward-looking statements are not a guarantee of future performance and are subject to a number of known and unknown risks, uncertainties and other factors that could cause actual results or events to differ, possibly materially,
from the expectations or estimates reflected in such forward-looking statements, including, among others:
●
the risk that the parties may be unable to achieve the anticipated benefits of the transaction, including synergies and operating efficiencies, within the expected time-frames, or at all;
●
the risk that the businesses will not be integrated successfully or that integration may be more difficult, time-consuming or costly than expected;
●
the risk that operating costs, customer loss and business disruption (including, without limitation, difficulties in maintaining relationships with employees, customers, clients or suppliers) may be greater than expected following the
transaction;
●
general economic and market conditions;
●
the retention of certain key employees; and
●
the combined company's ability to grow its digital marketing and business services initiatives, and grow its digital audience and advertiser base.
Additional risk factors that could cause actual results to differ materially from expectations include, but are not limited to, the risks identified by New Media and Gannett in their respective most recent Annual
Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, as well as the risks identified in the registration statement on Form S-4 (File No. 333-233509) filed by New Media. All forward-looking statements speak only as of
the date on which they are made. Except to the extent required by law, New Media and Gannett expressly disclaim any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in
their expectations with regard thereto or change in events, conditions or circumstances on which any statement is based.
Contact
:
Ashley Higgins, New Media Investor Relations
ir@newmediainv.com
(212) 479-3160
or
Media:
Jonathan Gasthalter/Nathaniel Garnick
Gasthalter & Co.
(212) 257-4170
Or
Investors:
Sam Levenson
Arbor Advisory Group
(203) 307-2250
Stacy Cunningham, Gannett Vice President, Financial Planning & Investor Relations
investors@gannett.com
(703) 854-3168
Or
Ed Trissel / Tim Ragones / Tanner Kaufman
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449
Source: New Media Investment Group Inc. and Gannett Co., Inc.
2

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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
3
ex_99-1.htm
PRESS RELEASE
Exhibit 99.1
First Titan Corp. Acquired
AngioSoma, Inc.
Houston, Texas (June 22, 2016) - First Titan Corp. (OTCQB: FTTN) (the "
First Titan
") is proud to announce the acquisition of AngioSoma, Inc., (OTCQB: SOAN (the "
Company
"). The acquisition of AngioSoma, Inc. provides diversification for First Titan outside of the depressed oil & gas industry under the new name AngioSoma, Inc. and significant upside potential with the intellectual property owned by AngioSoma, Inc.
AngioSoma, Inc. is a clinical stage biotechnology company focused on improving the effectiveness of current standard-of-care treatments, especially related to endovascular interventions in the treatment of peripheral artery disease (PAD). The Company is developing its lead product, a drug candidate called Liprostin
TM
for the treatment of peripheral artery disease or PAD which has completed FDA Phase I and three Phase II clinical trials. The Company is in discussions with several contract research organizations for completion of the FDA protocol for Phase III and submission of new drug application for marketing in the US and its territories.
The purchase price for the acquisition consists of the issuance by the Company of 20,000,000 shares of our Common Stock, par value $0.001 per share, to the stockholders of AngioSoma, Inc.
Further information is available on Forms 8K and 14F filed with the US Securities and Exchange Commission, available at http://www.sec.gov.
ABOUT ANGIOSOMA, INC.
AngioSoma, Inc. (http://www.angiosoma.com), based in Montgomery, Texas, acquired the rights to Liprostin™, a Peripheral Artery Disease therapy using FDA approved Alprostadil™ packaged inside a proprietary Liposome for controlled drug release. Phase II Clinical Trials (a-b-c) had been completed with excellent results treating intermittent claudication (pain from walking) and non-healing ulceration. Data shows Liprostin™ is more than twice as effective as and four times faster than FDA approved drug Cilostazol™ for treating intermittent claudication. A huge, non-healing ulceration was eliminated in 200 days. The Company has established protocols and is ready to retain a Contract Research Organization to conduct Clinical Trials Phase III with the 60 patient protocol approved by the FDA, which will take approximately 12 months to complete.
NOTICE REGARDING FORWARD LOOKING STATEMENTS
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "
believes
", "
expects
", "
anticipate
" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
CONTACT
AngioSoma, Inc.
Alex K. Blankenship, President and CEO
14001 Walden Rd., Suite 600
Montgomery, Texas 77356
(832) 781-8521 | Blankenship@AngioSoma.com | www.angiosoma.com

text: First Titan Corp.

text: AngioSoma, Inc.

text: First Titan Corp.

text: AngioSoma, Inc.

text: AngioSoma, Inc.

text: AngioSoma, Inc.

text: AngioSoma, Inc.

text: AngioSoma, Inc.

text: AngioSoma, Inc.

text: ANGIOSOMA, INC.

text: AngioSoma, Inc.

text: AngioSoma, Inc.

text: Alex K. Blankenship


text:
EX-99.1
3
brhc10031318_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
Kubient Acqui-Hires Team from Leading
Digital Media Agency MediaCrossing Inc. to Bolster Managed Solutions Division
NEW YORK - November 30, 2021 -
Kubient, Inc.
(NasdaqCM: KBNT, KBNTW) ("Kubient" or the "Company"), a cloud-based software platform for digital advertising, announced its strategic acqui-hire of certain assets and personnel of privately-held
MediaCrossing Inc.
("MediaCrossing"), a premier digital advertising agency dedicated to bringing advertising tools, technologies and expertise to brands. As a result of the acquisition, MediaCrossing will operate within Kubient's Managed Services division.
MediaCrossing Overview
Based in Stamford, Connecticut, MediaCrossing is a digital-first media buying agency focused on driving growth for both brands and agencies. The company's
mission is to provide the advertising tools, technology and expertise necessary for brand leaders to focus on what matters most: growing their business. MediaCrossing leverages technology and multi-tactic initiatives to drive performance and exceed
client requested KPIs through continuous innovation and client service. The company acts as a true extension of their clients' advertising teams; handling all media strategy development, planning, buying and analytics, in conjunction with offering
a multitude of tactics for their clients including programmatic advertising, paid social, paid search, search engine optimization, direct to publisher, and traditional media advertising.
Acquisition Summary and Rationale
.
Strengthens Kubient's current workforce by adding 10 seasoned employees across account management, advertising operations, partnerships, and additional roles, who
will offer complementary and synergistic services and solutions that integrate directly into Kubient's ecosystem, which will provide clients with a comprehensive digital media mix model
.
MediaCrossing personnel bring their current client base, and their corresponding advertising dollars into the Audience Marketplace, providing them with access to
supply at scale
.
Broadens Kubient's Managed Service division by including: assigned account managers, real time dashboard monitoring, performance analysis, quarterly reviews, media
reconciliation, payment facilitation, acceptance and utilization of competitive trade credit by specific clients
.
Enables Kubient to provide reporting, analytics, and optimization recommendations throughout the lifecycle of a campaign, delivering result oriented metrics and
insights
.
Expands Kubient's market footprint by providing access to incremental verticals
"MediaCrossing's mission is to deliver tangible results to our clients with their digital advertising campaigns through innovation and client service", said
Michael Kalman, CEO and Founder of MediaCrossing. "By joining Kubient, we're able to better assist our clients in achieving their goals, as we provide them access to supply at scale through Kubient's Audience Marketplace coupled with their fraud
prevention solution, KAI. Our organization believes that the future of a successful digital advertising strategy hinges upon a brand's ability to work directly and closely with supply sources, and that is exactly why we combined our capabilities
with Kubient's. This is a seminal period in the ad-tech space, and we are confident that joining an innovative company like Kubient will be immediately accretive and greatly increase our value proposition".
Paul Roberts, Founder, Chairman, CSO, and CEO of Kubient added: "MediaCrossing has a vast depth of knowledge and an incredible reputation in the industry of
successfully servicing direct advertiser partnerships; a growing emphasis for Kubient. Not only does this acquisition provide us with seasoned industry experts, but it also gives us direct access to MediaCrossing's customer list. Kubient will now
also offer a more extensive slate of offerings for brands looking to maximize their working media budgets, as MediaCrossing provides us with additional services and capabilities. Going forward, we intend to continue leveraging M&A as an
inorganic growth engine as we scale our operations".
Michael Kalman, CEO and Founder of MediaCrossing, will join as President - Agency and Brand Partnerships, and will oversee Kubient's direct advertiser and
brand partnerships along with agency clients. Robert Henrikson will remain as SVP of Operations. Michael Kalman will be reporting directly to Paul Roberts, Founder, Chairman, CSO, and CEO of Kubient. Prior to founding MediaCrossing, Kalman served
as VP of Business Development at ICON, where his tenure lasted 13 years. Henrikson brings more than 20 years of industry experience, holding business development and ad ops roles at brands such as Yahoo!, Bitly, and Booker Software, in addition to
his time at MediaCrossing.
About Kubient
Kubient is a technology company with a mission to transform the digital advertising industry
to audience-based marketing.
Kubient's next generation cloud-based infrastructure enables efficient marketplace liquidity for buyers and sellers of digital advertising. The Kubient Audience Marketplace is a flexible open marketplace for advertisers and publishers to reach,
monetize and connect their audiences. The Company's platform provides a transparent programmatic environment with proprietary artificial intelligence-powered pre-bid ad fraud prevention, and proprietary real-time bidding (RTB) marketplace
automation for the digital out of home industry. The Audience Marketplace is the solution for brands and publishers that demand transparency and the ability to reach audiences across all channels and ad formats. For additional information, please visit
https://kubient.com.
Forward-Looking Statements
The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and
involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements
expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and
which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks,
uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual
results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of
1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.
Kubient Investor Relations
Gateway Investor Relations
Matt Glover and John Yi
T: 1-949-574-3860
Kubient@gatewayir.com

text: Kubient

text: MediaCrossing Inc.

text: Kubient, Inc.

text: Kubient

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text: Kubient

text: Kubient

text: Kubient

text: Kubient

text: Kubient

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text: Kubient

text: Kubient

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text: Kubient

text: Michael Kalman

text: Paul Roberts

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text: Kubient

text: Kubient

text: Kubient

text: Kubient

text: Kubient


text:
EX-99.1
4
b58296ahexv99w1.txt
PRESS RELEASE, DATED DECEMBER 23, 2005
Exhibit 99.1
FOR IMMEDIATE RELEASE
Contact: Robert J. Small
AAH Holdings Corporation
(914) 784-4014
Gregg Melnick
Party City Corporation
(973) 453-8780
ACQUISITION OF PARTY CITY CORPORATION BY
AAH HOLDINGS COMPLETED
Boston, MA and Rockaway, NJ - December 23, 2005 -- Berkshire Partners LLC and
Weston Presidio, through their holding company AAH Holdings Corporation,
announced today the completed acquisition of Party City Corporation (the
"Company") (NASDAQ: PCTY) by a subsidiary of AAH Holdings. The Company's common
stock will cease to trade on the Nasdaq national market at market close today
and will be delisted.
Under the terms of the merger agreement entered into on September 26, 2005,
Party City shareholders are entitled to receive $17.50 per share in cash for
each share of common stock outstanding, without interest, for total
consideration of approximately $364 million, which includes the payment for
employee stock options less their exercise price. Shareholders of Party City
owning approximately 84% of its common stock voted at a special meeting held on
December 7, 2005 in support of the transaction.
Before December 31, 2005, the Exchange Agent, American Stock Transfer & Trust
Company, appointed by a subsidiary of AAH Holdings will mail a letter of
transmittal and instructions to all holders of record of the Company's common
stock. The letter of transmittal and instructions will contain information on
how to surrender shares of common stock in exchange for the merger
consideration, without interest. Shareholders of record should be in receipt of
the letter of transmittal before surrendering their shares. Shareholders who
hold shares through a bank or broker will not have to take any action to have
their shares converted into cash as such conversions will be handled by the bank
or broker. Shareholders with questions regarding the exchange of their shares
for cash consideration should contact American Stock Transfer & Trust Company,
at (718) 921-8282.
"The acquisition of Party City represents an exciting opportunity to capitalize
on the growth in the party superstore channel", said Robert J. Small, Chairman,
AAH Holdings. "We look forward to working with the employees of Party City and
their franchisees as they continue to build their leadership position in the
party industry".
Headquartered in Rockaway, New Jersey, Party City is one of the world's largest
party supply retailers. Founded in 1986, the Company has grown from a one-stop
party store to a leading retailer of party supplies with 248 company-owned
stores and 254 franchise locations as of December 23, 2005, representing one
third of all party superstore locations in the U.S. For the trailing twelve
months ended October 1, 2005, Party City corporate stores posted total revenues
of approximately $514 million and total chain-wide net sales of approximately
$980 million.
"We are pleased to have completed a transaction that generated significant value
for Party City shareholders, while creating a new entity that is well-positioned
to capture the opportunities of the party supply industry, for the benefit of
our associates, franchisees and customers", said Ralph Dillon, Non-Executive
Chairman of the Board of Party City.
Goldman Sachs acted as financial advisor to AAH Holdings on the transaction.
Ropes & Gray LLP served as legal advisor to AAH Holdings. Credit Suisse First
Boston LLC acted as exclusive financial advisor to Party City in connection with
this transaction. Latham & Watkins LLP served as legal advisor to Party City.
ABOUT PARTY CITY: Party City Corporation is America's largest party goods chain.
Party City currently operates more than 500 Company-owned stores and franchise
stores in the United States and Puerto Rico. To learn more about Party City,
visit the Company's website at www.partycity.com.
ABOUT BERKSHIRE PARTNERS: Berkshire Partners has invested in mid-sized private
companies for the past twenty years through six investment funds with aggregate
capital commitments of approximately $3.5 billion. The firm's investment
strategy is to seek companies that have strong growth prospects and to partner
with talented management teams who are interested in being owners of the
companies they operate. Berkshire has developed specific industry experience in
several areas including retailing and related services, consumer products,
industrial manufacturing, transportation, communications, and business services.
Berkshire has been an investor in over 85 operating companies with more than
$13.0 billion of acquisition value and combined revenues in excess of $17.0
billion. Additional information may be found at www.berkshirepartners.com.
ABOUT WESTON PRESIDIO: Weston Presidio, founded in 1991, is a private equity
firm with over $3.3 billion under management to invest through growth equity
investments, management buyouts and recapitalizations. With offices in Boston,
San Francisco, and Menlo Park, Weston Presidio has worked side by side with
world-class management teams throughout North America. Weston Presidio has a
multi-industry investment strategy that has allowed the firm to partner with
over 300 portfolio companies in a variety of industries including consumer
products and retail, manufacturing and industrial, media, service, and
technology. For more information, visit www.westonpresidio.com.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Statements in this document regarding the acquisition of Party City, the
expected effects thereof and any other statements about future expectations,
beliefs, goals, plans or prospects constitute forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995. Any
statements that are not statements of historical fact (including statements
containing the words "believes", "plans", "anticipates", "expects", "estimates"
and similar expressions) should also be considered to be forward-looking
statements. There are a number of important factors that could cause actual
results or events to differ materially from those indicated by such
forward-looking statements, including: the ability to recognize the benefits of
the acquisition of Party City, the effects of increased leverage in the capital
structure of Amscan Holdings, Inc., intense competition in our industries,
changes in government regulation, failure to manage the integration of acquired
companies and other risks that are contained in documents and the other factors
described in Annual Report on Form 10-K for the year ended December 31, 2004
filed with the SEC by Amscan Holdings, Inc.
# # #

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text: Party City Corporation

text: Party City

text: Party City

text: Party City

text: Robert J. Small

text: Party City

text: Party City

text: Party City

text: Party City

text: Party City

text: Goldman Sachs

text: Ropes & Gray LLP

text:
Credit Suisse First
Boston LLC

text: Party City

text: Latham & Watkins LLP

text: Party City

text: PARTY CITY

text: Party City Corporation

text: Party City

text: Party City

text: WESTON PRESIDIO

text: Weston Presidio

text: Weston Presidio

text: Weston Presidio

text: Party City

text: Party City


text:
EX-99.1
2
atu-12062017xexhibit991.htm
EXHIBIT 99.1
Exhibit
Exhibit 99.1
ACTUANT COMPLETES VIKING SEATECH DIVESTITURE AND MIRAGE MACHINES ACQUISITION
MILWAUKEE, December 1, 2017-- Actuant Corporation (NYSE:ATU) announced today it has completed the divestiture of the Viking SeaTech ("Viking") business to Acteon Group Limited ("Acteon"), a global subsea services business, and simultaneously acquired Mirage Machines, Ltd. ("Mirage") a provider of industrial and energy maintenance tools, from Acteon. The completion of the transactions follows receipt of all regulatory and other approvals.
Randy Baker, Actuant President and Chief Executive Officer stated, "We are pleased to have completed these two meaningful portfolio management actions which are designed to improve overall shareholder value. We welcome Mirage Machines to the Actuant organization and look forward to future success in broadening our tool offerings while providing additional rental and service opportunities to the industrial and energy MRO markets globally".
Total consideration for the previously announced transactions included proceeds of approximately $12 million for Viking and payment of approximately $16 million for Mirage, subject to final working capital adjustments. In addition, the Company will record final impairment and divestiture charges in its fiscal 2018 second quarter financial results of approximately $15-20 million.
About Actuant
Actuant Corporation is a diversified industrial company serving customers from operations in more than 30 countries. The Actuant businesses are leaders in a broad array of niche markets including branded hydraulic tools and solutions, specialized products and services for energy markets and highly engineered position and motion control systems. The Company was founded in 1910 and is headquartered in Menomonee Falls, Wisconsin. Actuant trades on the NYSE under the symbol ATU. For further information on Actuant and its businesses, visit the Company's website at www.actuant.com.
Safe Harbor
Certain of the above comments represent forward-looking statements made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995. Management cautions that these statements are based on current estimates of future performance and are highly dependent upon a variety of factors, which could cause actual results to differ from these estimates. Actuant's results are also subject to general economic conditions, variation in demand from customers, the impact of geopolitical activity on the economy, continued market acceptance of the Company's new product introductions, the successful integration of acquisitions, restructuring, operating margin risk due to competitive pricing and operating efficiencies, supply chain risk, material and labor cost increases, foreign currency fluctuations and interest rate risk. See the Company's Form 10-K filed with the Securities and Exchange Commission for further information regarding risk factors. Actuant disclaims any obligation to publicly update or revise any forward-looking statements as a result of new information, future events or any other reason.

text: ACTUANT

text: VIKING SEATECH

text: MIRAGE MACHINES

text: Actuant Corporation

text: Viking SeaTech

text: Acteon Group Limited

text: Acteon

text: Mirage Machines, Ltd.

text: Acteon

text: Actuant

text: Mirage Machines

text: Actuant

text: Actuant

text: Actuant Corporation

text: Actuant

text: Actuant

text: Actuant

text: Actuant

text: Actuant


text:
EX-99.1
4
d272832dex991.htm
EX-99.1
EX-99.1
Exhibit 99.1
News Release
nCino Completes Acquisition of SimpleNexus
Extends cloud-based platform with leading homeownership
point-of-sale
and mobile-first capabilities
WILMINGTON, N.C.
- Jan. 10, 2022 -
nCino, Inc
. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that it has completed its acquisition of SimpleNexus,
a leading cloud-based, mobile-first homeownership software company, for total consideration of approximately 12.76 million shares of nCino common stock plus cash consideration of approximately $270 million, on a cash-free,
debt-free basis and excluding transaction expenses.
"We are excited to officially welcome the SimpleNexus team to the nCino family", said
Pierre Naudé, Chief Executive Officer of nCino. "The combination of nCino and SimpleNexus brings together two
best-in-class,
cloud-native companies
focused on transforming the financial services industry by streamlining and simplifying cumbersome financial processes with innovative, market-leading technology solutions. Together, we can enhance the offerings for our customers and strengthen
nCino's position as the worldwide leader in cloud banking".
"We are thrilled to join forces with nCino, a company that shares our passion
for innovation and commitment to customer success", said Cathleen Schreiner Gates, Chief Executive Officer at SimpleNexus. "I'm confident that together, we can accelerate digital transformation across the industry and better serve
financial institutions and independent mortgage banks of all sizes".
Video
: Hear from the CEOs of nCino and SimpleNexus.
The acquisition furthers nCino's commitment to transforming the financial services industry through innovation, reputation and speed. The SimpleNexus
platform seamlessly unites the people, systems and stages of the home buying process into a single
end-to-end
experience, enabling loan officers, borrowers, real estate
agents and settlement agents to easily engage in the homeownership process from any device. SimpleNexus' complementary products and mobile-first offerings will unlock additional opportunities and provide greater value for new and existing
customers, including enhancing nCino's mobile and
point-of-sale
offerings across additional lines of business. For the fourth quarter ending January 31, 2022,
nCino expects SimpleNexus will contribute between $3.6 and $3.8 million in total revenues from the closing date of January 7, 2022.
Testimonials
"nCino and SimpleNexus have both been
key partners in our continued growth across commercial banking, mortgages and more. It's exciting to see them join forces - we're looking forward to seeing what comes next from these two great companies." - Robert J
Bardusch, Senior Executive Vice President & Chief Operating Officer, Valley National Bank
"The combination of nCino and SimpleNexus makes it clear that both companies understand the need for
scale as well as the importance of investing in innovation. We trust the SimpleNexus leadership team, as they have always shown a commitment to their customers, and we are excited to get to know the nCino leadership team. This is a home run
decision." - Dave Robnett, Chief Executive Officer, Celebrity Financial
"nCino and SimpleNexus have earned recognition as market leaders
in their respective industries, and this combination is truly a
win-win
for our employees and our members. Both companies are focused on digital innovation and advancing the financial services industry, and
both platforms complement one another. Good people, combined with
best-in-class
products, make for happy members." - Ryan Doehrmann, Chief Mortgage Officer,
GreenState Credit Union
"The shift to the cloud has financial institutions seeking modern technology to originate mortgages and other loan types,
open accounts and onboard customers. SimpleNexus and nCino both play a role in their current banking technology segments to provide cloud-based solutions that streamline and simplify customer journeys in lending. SimpleNexus has mobile-first,
mortgage
point-of-sale
and eClosing solutions that can be combined with nCino's enterprise client onboarding and loan origination system capabilities to create a
comprehensive mortgage origination platform, adding market-leading customer engagement and digital loan signing capabilities to nCino's current solutions. This is an exciting combination of two leading fintech companies during a pivotal time
when lenders demand modern technology from fintechs with a documented track record of product delivery and support." - Craig Focardi, Senior Banking Analyst, Celent
Advisors
BofA Securities served as financial advisor to
nCino, and Sidley Austin LLP served as its legal counsel. Willkie Farr & Gallagher LLP served as legal counsel to SimpleNexus.
Cautionary
Language Concerning Forward-Looking Statements
This press release contains forward-looking statements about nCino's expectations, plans, future
performance, outlook and prospects regarding the benefits that may be derived from the proposed transaction between nCino, Inc. and SimpleNexus, LLC ("SimpleNexus") including, without limitation, with respect to SimpleNexus' revenue
contribution, growth profile, cross and upsell opportunities, and the extension of the nCino Bank Operating System
®
platform. Forward-looking statements generally include actions,
events, results, strategies and expectations and are often identifiable by use of the words "believes", "expects", "intends", "anticipates", "plans", "seeks", "estimates,"
"projects", "may", "will", "could", "might", or "continues" or similar expressions and the negatives thereof. Any forward-looking statements contained in this press release are based upon
nCino's and/or SimpleNexus' historical performance and their current plans, estimates, and expectations and are not a
representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent nCino's expectations as of the date of this press release. Subsequent
events may cause these expectations to change and, except as may be required by law, nCino does not undertake any obligation to update or revise these forward-looking statements.
These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially including, but
not limited to, risks related to: (i) changes in economic conditions, particularly increases in mortgage interest rates, credit availability, real estate prices, and consumer confidence, (ii) retaining the employees of SimpleNexus,
(iii) nCino's ability to successfully integrate the SimpleNexus business, including SimpleNexus' recent acquisition of LBA Ware, (iv) the ability to sustain revenue growth rates of both businesses, (v) the ability to
accelerate the development of nCino's mobile and
point-of-sale
offerings across additional lines of business, and (vi) the achievement of anticipated synergies
and the timing thereof. Additional risks and uncertainties that could affect nCino's business and financial results and these forward-looking statements are included in nCino's reports filed with the U.S. Securities and Exchange Commission
(available on our web site at
www.ncino.com
or the SEC's web site at
www.sec.gov
). Further information on potential risks that could affect actual results will be included in other filings nCino makes with the SEC from time to
time.
About nCino
nCino (NASDAQ: NCNO) is the
worldwide leader in cloud banking. The nCino Bank Operating System
®
empowers financial institutions with scalable technology to help them achieve revenue growth, greater efficiency, cost
savings and regulatory compliance. In a digital-first world, nCino's single cloud-based platform enhances the employee and client experience to enable financial institutions to more effectively onboard clients, make loans and manage the entire
loan life cycle, and open deposit and other accounts across lines of business and channels. Transforming how financial institutions operate through innovation, reputation and speed, nCino is partnered with more than 1,500 financial institutions of
all types and sizes on a global basis. For more information, visit
www.ncino.com
.
About SimpleNexus
SimpleNexus, an nCino Company, is an award-winning developer of mobile-first technology for the modern mortgage lender founded in 2011. Lenders depend on our
namesake homeownership platform to unite the people, systems and stages of the mortgage process into a seamless,
end-to-end
solution that spans engagement, origination,
closing and business intelligence. By helping lenders manage their teams and stay connected with borrowers and real estate partners, we deliver a measurable return on investment in the form of reduced turn times, increased loan application
submissions and more referral business. A four-time Inc. 5000 company, SimpleNexus has been recognized as one of the world's Best Workplaces for Innovators. For more information, visit
https://www.simplenexus.com
or
follow
@SimpleNexus.
###
MEDIA CONTACTS
Sutton Resler
+1 571.236.4966
sresler@mww.com
Kathryn Cook
+ 1 919.691.4206
Kathryn.cook@ncino.com

text: nCino

text: SimpleNexus

text:
nCino, Inc
.

text: SimpleNexus

text: nCino

text: SimpleNexus

text: nCino

text: Pierre Naudé

text: nCino

text: nCino

text: SimpleNexus

text: nCino

text: nCino

text: Cathleen Schreiner Gates

text: SimpleNexus

text: nCino

text: SimpleNexus

text: nCino

text: SimpleNexus

text: SimpleNexus

text: nCino

text: nCino

text: SimpleNexus

text: nCino

text: SimpleNexus

text: nCino

text: SimpleNexus

text: SimpleNexus

text: nCino

text: Dave Robnett

text: nCino

text: SimpleNexus

text: SimpleNexus

text: nCino

text: SimpleNexus

text: nCino

text: nCino

text:
Celent
Advisors
BofA Securities

text: nCino

text: Sidley Austin LLP

text: Willkie Farr & Gallagher LLP

text: SimpleNexus

text: nCino

text: nCino

text: SimpleNexus

text: SimpleNexus

text: SimpleNexus

text: nCino

text: nCino

text: SimpleNexus

text: nCino

text: nCino

text: SimpleNexus

text: nCino

text: SimpleNexus

text: SimpleNexus

text: nCino

text: nCino

text: nCino

text: nCino

text: nCino

text: nCino

text: nCino

text: nCino

text: nCino

text: SimpleNexus

text: SimpleNexus

text: nCino

text: SimpleNexus


text:
EX-99.1
4
e62044507ex99_1.htm
EXHIBIT 99.1
e62044507ex99_1.htm
Exhibit 99.1
MIAMI, Aug. 21, 2012 /PRNewswire/ -- Benihana Inc. (previously traded as NASDAQ: BNHN) ("Benihana" or the "Company"), operator of the nation's largest chain of Japanese theme and sushi restaurants, today announced the completion of its acquisition by funds advised by the Private Equity Group of Angelo, Gordon & Co. ("Angelo Gordon"). Earlier today, Benihana's public company stockholders met and overwhelmingly approved the transaction. Each outstanding share of Benihana common stock was acquired for $16.30 per share in cash, valuing the acquisition at approximately $295 million. The Company is now a privately-held company and will no longer be listed on the NASDAQ national market.
Richard Stockinger, Benihana's President and Chief Executive Officer, said, "We are extremely pleased that our stockholders approved the acquisition at a compelling cash price per share. The Benihana management team is excited to have access to the substantial resources of Angelo Gordon as we work to build on the recent successes of our three brands. We are energized by our plans to accelerate new unit growth, enabling us to take the outstanding food and unique dining experience of our Benihana Teppanyaki, RA Sushi and Haru concepts to more and more guests".
"The iconic nature of the Benihana brand and the excellent positioning of RA Sushi and Haru in the expanding Japanese cuisine and sushi categories are what interested us in the Company", said Richard Leonard, a Managing Director at Angelo Gordon. "Richard Stockinger and the management team have led an impressive turnaround in all areas of the Company in the last three years, and we believe the brands are now well prepared for substantial unit growth. We hope that developers across the country will consider the drawing power of the new prototype Benihana restaurant or the key demographic appeal of the vibrant RA Sushi environment. We also expect that the modern Japanese cuisine and urban-centric atmosphere of Haru has growth potential in major metropolitan markets outside of its current footprint in New York City and Boston".
About Benihana
Headquartered in Miami, Benihana is the nation's leading operator of Japanese theme and sushi restaurants with 95 restaurants nationwide, including 62 Benihana restaurants, 25 RA Sushi restaurants and eight Haru sushi restaurants. In addition, 16 franchised Benihana restaurants are operating in the United States, Latin America and the Caribbean. To learn more about Benihana and its three restaurant concepts, please view the corporate video at http://www.benihana.com/about/video.
About Angelo Gordon
Angelo, Gordon & Co. L.P. is a privately held limited partnership founded in November 1988, and currently manages approximately $24 billion. The Firm's investment focus centers around three core competencies - credit, real estate and private equity - and manages capital across five principal areas: (i) distressed debt and leveraged loans, (ii) real estate equity and debt, (iii) residential and commercial mortgage-backed and asset-backed securities, (iv) private equity, and (v) multi-strategy. Angelo Gordon has over 260 employees (100 of whom are investment professionals) and is headquartered in New York, with associated offices in Chicago, Los Angeles, Washington, D.C., London, Amsterdam, Hong Kong, Seoul, Shanghai, Tokyo and Sydney. For more information, visit www.angelogordon.com.
CONTACT:
Jeremy Fielding
Kekst and Company
(212) 521 4800

text: Benihana Inc.

text: Benihana

text: Angelo, Gordon & Co.

text: Benihana

text: Benihana

text: Benihana

text: Benihana

text: Benihana

text: Benihana

text: Benihana

text: Benihana

text: Benihana

text: Benihana

text: Benihana

text: Benihana

text: Angelo, Gordon & Co.


text:
EX-99.1
2
exhibit99110-16x18.htm
EXHIBIT 99.1
Exhibit
Exhibit 99.1
Q2 Holdings, Inc. Completes Acquisition of Cloud Lending, Inc.
AUSTIN, Texas (Oct. 16, 2018)-Q2 Holdings, Inc. (NYSE:QTWO), a leading provider of digital banking solutions for financial institutions, announced today it has successfully completed its acquisition of San Mateo, California-based Cloud Lending, Inc., a SaaS company that provides an integrated end-to-end lending and leasing platform to help lenders close more loans and generate more revenue.
"The acquisition of Cloud Lending will enhance Q2's ability to deliver advanced digital solutions to financial institutions, alternative finance and leasing companies that help them improve their customers' borrowing experiences", said Matt Flake, CEO of Q2. "Cloud Lending increases lending efficiency through the digital channel to accelerate one of our customers' most important income streams".
Cloud Lending's products allow customers to maintain their current loan workflows and risk scoring, but in a digital format. Cloud Lending will benefit from Q2's scale, infrastructure and resources.
Going forward, Cloud Lending will be branded as Cloud Lending, a Q2 Company. Q2 and Cloud Lending first announced the acquisition agreement on Aug. 8, 2018.
About Q2 Holdings, Inc.
Q2 is a secure, cloud-based digital banking solutions company headquartered in Austin, Texas. Since 2004, it has been our mission to build stronger communities by strengthening their financial institutions. Our digital banking solutions for deposits, money movement, lending, leasing, security and fraud enable financial institutions to deliver a better financial experience to their account holders. Our bank and credit union customers, along with emerging financial services providers, also benefit from actionable data analytics and access to open technology tools. To learn more about Q2, visit www.q2ebanking.com.
About Cloud Lending, Inc.
Cloud Lending is the next-generation, cloud-based lending and leasing platform of choice for leading lenders. The end-to-end lending platform simplifies the borrower experience, increases application volumes, accelerates loan decisioning, and reduces operational inefficiencies through digitization and automation. Offering solutions for consumer, commercial, small business, construction and equipment leasing, Cloud Lending's proven platform solution means lenders can grow their loan portfolio with one partner, eliminating costs and reducing middle and back office operational churn. To learn more, visit Cloud Lending at https://www.cloudlendinginc.com.
Forward-looking Statements:
This press release contains forward-looking statements, including statements about the ability of Cloud Lending's products to integrate with Q2's solutions to enhance Q2's abilities; the ability of Q2 to advance its product offerings together with Cloud Lending; the ability to cross-market Q2 and Cloud Lending's products; and the potential for Cloud Lending to benefit from Q2's scale, infrastructure and resources. The forward-looking statements contained in this press release are based upon Q2's current plans, estimates and expectations and are not a representation that such plans, estimates or expectations will be achieved. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the following: (a) risks related to our ability to successfully integrate Cloud Lending and its technology and personnel; (b) risks related to the execution of our plans, strategies and forecasts, including with respect to our security, compliance, and risk management capabilities and offerings; (c) risks related to the demand for these offerings; (d) risks related to our expectations with respect to the business of Cloud Lending after completion of the transaction and our ability to realize additional opportunities for growth and innovation; and (e) other risks and potential factors that could affect our business and financial results identified in Q2's filings with the Securities and
Exchange Commission. These filings are available on the SEC Filings section of the Investor Relations section of Q2's website at http://investors.q2ebanking.com/. These forward-looking statements represent Q2's expectations as of the date of this press release. Subsequent events may cause these expectations to change, and Q2 disclaims any obligations to update or alter these forward-looking statements in the future, whether as a result of new information, future events or otherwise.
MEDIA CONTACT
Emma Chase
Red Fan Communications
O: (512) 551-9253 / C: (512) 917-4319
emma@redfancommunications.com

text: Q2 Holdings, Inc.

text: Cloud Lending, Inc.

text: Q2 Holdings, Inc.

text: Cloud Lending, Inc.

text: Cloud Lending

text: Matt Flake

text: Cloud Lending

text: Cloud Lending

text: Cloud Lending

text: Cloud Lending

text: Cloud Lending

text: Cloud Lending

text: Q2 Holdings, Inc.

text: Cloud Lending, Inc.

text: Cloud Lending

text: Cloud Lending

text: Cloud Lending

text: Cloud Lending

text: Cloud Lending

text: Cloud Lending

text: Cloud Lending

text: Cloud Lending

text: Cloud Lending


text:
EX-99.3
4
tmo8kkendro505ex99-3.txt
[Company Logo] Exhibit 99.3
News
FOR IMMEDIATE RELEASE
Media Contact Information: Investor Contact Information:
Lori Gorski J. Timothy Corcoran
Phone: 781-622-1242 Phone: 781-622-1111
E-mail: lori.gorski@thermo.com E-mail: tim.corcoran@thermo.com
Website: www.thermo.com
Thermo Electron Completes Acquisition of Kendro Laboratory Products
WALTHAM, Mass., May 9, 2005 - Thermo Electron Corporation (NYSE: TMO), the world
leader in analytical instruments, has completed its previously announced
acquisition of Kendro Laboratory Products, a division of SPX Corporation (NYSE:
SPW).
On January 19, 2005, Thermo Electron announced that it had signed a definitive
agreement to acquire Kendro for $833.5 million in cash, subject to a
post-closing balance sheet adjustment. Kendro is a global leader in sample
preparation products and services for life science, material science and drug
discovery applications, with 2004 revenues of approximately $370 million.
"As a company, Thermo is focused on providing total laboratory solutions and
services to address our customers' needs, and Kendro's technologies nicely
complement our existing portfolio of products and services", said Marijn E.
Dekkers, president and chief executive officer of Thermo Electron. "The combined
company allows us to deliver even greater value to our customers by creating a
broader offering of laboratory and sample preparation technologies, as well as
enhanced laboratory service capabilities".
Mr. Dekkers continued, "This transaction underscores our intent to use
acquisitions to gain access to technologies that are of interest to our
customers. It also provides an attractive financial profile for Thermo in terms
of earnings and cash flow generation. When we announced the agreement to acquire
Kendro in January, we said we expected it to be at least $.10 accretive to our
adjusted earnings per share (EPS) in the first full year of ownership and
slightly dilutive to GAAP EPS. We are still confident we can deliver these
results, and we will provide more detailed earnings guidance to reflect the
impact of the Kendro acquisition on May 17, 2005, at our annual shareholders'
meeting and investor conference".
Adjusted EPS excludes restructuring and other costs/income, amortization of
acquisition-related intangible assets, certain other gains/losses, tax
provisions/benefits related to the previous items and benefit from tax
carryforwards.
About Thermo Electron Corporation
Thermo Electron Corporation is the world leader in analytical instruments. Our
instrument solutions enable our customers to make the world a healthier, cleaner
and safer place. Thermo's Life and Laboratory Sciences segment provides
analytical instruments, scientific equipment, services and software solutions
for life science, drug discovery, clinical, environmental and industrial
laboratories. Thermo's Measurement and Control segment is dedicated to providing
analytical instruments used in a variety of manufacturing processes and
in-the-field applications, including those associated with safety and homeland
security. Based near Boston, Massachusetts, Thermo has revenues of approximately
$2.7 billion, and employs approximately 11,000 people in 30 countries. For more
information, visit www.thermo.com.
Use of Non-GAAP Financial Measures
Thermo's guidance as to the expected impact that the acquisition will have on
Thermo's earnings per share is only provided on an adjusted basis. It is not
feasible to provide the expected impact that the acquisition will have on a GAAP
basis because the items excluded are difficult to predict and estimate and are
primarily dependent on future events, such as the determination of the portion
of the purchase price attributable to identifiable intangible assets and the
amortization thereof and decisions concerning the location and timing of
facility consolidations.
The following constitutes a "Safe Harbor" statement under the Private Securities
Litigation Reform Act of 1995: This press release contains forward-looking
statements that involve a number of risks and uncertainties. Important factors
that could cause actual results to differ materially from those indicated by
such forward-looking statements are set forth under the heading "Forward-Looking
Statements" in the company's Quarterly Report on Form 10-Q for the fiscal
quarter ended April 2, 2005. These include risks and uncertainties relating to:
the need to develop new products and adapt to significant technological change;
dependence on customers that operate in cyclical industries; general worldwide
economic conditions and related uncertainties; the effect of changes in
governmental regulations; dependence on customers' capital spending policies and
government funding policies; use and protection of intellectual property;
exposure to product liability claims in excess of insurance coverage; retention
of contingent liabilities from businesses we sold; realization of potential
future savings from new productivity initiatives; implementation of our branding
strategy; implementation of strategies for improving internal growth; the effect
of exchange rate fluctuations on international operations; identification,
completion and integration of new acquisitions and potential impairment of
goodwill from previous acquisitions. We undertake no obligation to publicly
update any forward-looking statement, whether as a result of new information,
future events or otherwise.
# # #

text: Thermo Electron

text: Kendro Laboratory Products

text: Thermo Electron

text: Kendro Laboratory Products

text: Thermo Electron

text: Kendro

text: Kendro

text: Kendro

text:
Marijn E.
Dekkers

text: Thermo Electron

text: Kendro

text: Kendro

text: Thermo Electron

text: Thermo Electron


text:
EX-99.1
3
a07-16038_1ex99d1.htm
EX-99.1
Exhibit
99.1
Natrol Acquires Medical Research Institute
Accretive Transaction Expands
Sports-Nutrition Presence
CHATSWORTH, Calif
.-(BUSINESS WIRE)-Natrol, Inc. (Nasdaq:
NTOL
-
News
), a
leading manufacturer and marketer of nationally branded nutritional products,
announced that it has acquired Medical Research Institute (MRI). MRI, founded
in 1997, supplies high-quality sports nutrition products, such as CE2®, NO2®,
Pro-Nos(TM) and Anabolic Switch(TM), which are primarily designed to enhance
work-out performance. The MRI brand carries a premier position in the sports
nutrition market. The brand identity is underpinned by a reputation for
innovative science. Notably, MRI was the first company to launch nitric oxide
based products in the sports nutrition market. MRI's products are primarily
distributed through GNC.
The
acquisition provides for an initial purchase price of $8.0 million in cash, and
allows for potential earn-out payments based upon the achievement of certain
levels of EBIT (earnings before interest and taxes) over the next three years.
The Company noted that, at present, MRI has working capital of approximately
$8.6 million including cash of approximately $4.0 million and no debt. In 2006,
MRI recorded revenue of approximately $21.4 million with operating income of
$3.1 million. It is expected that the transaction will be immediately
accretive. In the last 7 months, MRI has launched a range of new leading edge
products to the market.
Wayne Bos, Natrol's President and CEO, commented, "We
are extremely excited about this opportunity as we continue in our quest to
become a diversified supplier of nutritional supplements. MRI has unique
intellectual property and an excellent, but somewhat underdeveloped strategic
position in this market. We believe that we can help grow the business by
improving manufacturing and logistics capabilities, expanding into new
geographic markets, and extending the MRI product lines".
Ed Byrd, the founder and principal shareholder of
MRI, has a track record in building highly successful businesses in the sports
nutrition market and was a founder of EAS, one of the most successful sports
nutrition companies. Mr. Byrd will continue to serve as MRI's Chairman and Head
of Research and Development. He commented, "We believe that the combination of
MRI and Natrol will prove to be formidable. Our strong existing product mix and
ongoing R&D effort will complement Natrol well and we believe that their
well-developed operating infrastructure and developing global distribution
capabilities will enhance our ability to grow. We are pleased to join their
team and make our combined vision a reality".
Mr. Bos concluded, "We are pleased to have quickly
identified and executed such a strong transaction with the capital we unlocked
through the recent sale and leaseback of our corporate facilities. This
acquisition will help accelerate our corporate development plan by creating
scale, synergies, and new avenues for growth. We are especially excited to
deepen an already talented management team, to continue to expand our portfolio
of intellectual property, and to significantly reinforce our commitment to and
capability for research and development. We believe this deal marks the onset
of a new phase of our turnaround and are excited to demonstrate our capabilities
to our investors".
About Natrol - Nourishing the
Potential of Mind and Body(SM)
Natrol, Inc. (Nasdaq:
NTOL
-
News
),
headquartered in Chatsworth, CA, has a portfolio of health and wellness brands
representing quality nutritional supplements, functional herbal teas, and
sports nutrition products. Established in 1980, Natrol's portfolio of brands
includes: Natrol®, Prolab®,
Laci Le Beau®, Promensil®, Trinovin®, Nu Hair® and
Shen Min®. The company also manufactures supplements for its own brands and on
behalf of third parties.
Natrol distributes products nationally through more
than 54,000 retailers, as well as internationally in over 40 other countries
through distribution partners and subsidiaries in the UK and Hong Kong. Natrol's
dedication to quality is evidenced by its commitment to high manufacturing
standards, earning the company an "A" rating from the Natural Products
Association's Good Manufacturing Practices ("GMP") Certification Program-a
designation achieved by less than ten percent of U.S. nutrition companies. For
more information, visit www.Natrol.com.
The statements made in this press release which are
not historical facts, including statements regarding expectations for future
growth of revenue and profits and trends concerning net sales, are
forward-looking statements within the meaning of Section 27A of the Securities
Act of 1933 and Section 21E of the Securities Exchange Act of 1934. As a result
of a number of factors, our actual results could differ materially from those
set forth in the forward-looking statements. Certain factors that might cause
our actual results to differ materially from those in the forward-looking
statements include, without limitation: (i) our ability to develop and execute
our business plans, (ii) our ability to respond to competitive challenges and
changing consumer preferences, (iii) our ability to consummate and integrate
acquisitions, (iv) increased competition, (v) unfavorable publicity about
dietary supplements in general or regarding our products or similar products
sold by others, (vi) our exposure to product liability claims, our dependence
upon certain large customers, and (vii) our ability to retain and attract
talented management and other key employees, as well as those factors set forth
under the heading "Risk Factors" in our annual report on Form 10-K for the year
ended December 31, 2006, and in our other filings with the Securities and
Exchange Commission.
Contact:
Natrol, Inc.
Wayne Bos, 818-739-6000
or
ICR (Investor Relations)
James Palczynski, 203-682-8200

text: Natrol

text: Medical Research Institute

text: Natrol, Inc.

text: Medical Research Institute

text: Natrol

text: Natrol

text: Natrol

text: Natrol

text: Natrol, Inc.

text: Natrol

text: Natrol

text: Natrol

text: Natrol

text: Natrol, Inc.


text:
EX-99.1
3
v02131exv99w1.txt
EXHIBIT 99.1
EXHIBIT 99.1
TEKTRONIX COMPLETES ACQUISITION OF INET TECHNOLOGIES
BEAVERTON, Ore., September 30, 2004 - Tektronix, Inc. (NYSE: TEK), a leading
worldwide provider of test, measurement, and monitoring instrumentation, today
completed its previously announced acquisition of Inet Technologies, Inc., a
leading global provider of communications software solutions that enable
next-generation networks, including 2.5G and 3G mobile data and
voice-over-packet (VoIP) technologies, and traditional networks.
Tektronix acquired all of Inet's 39.6 million shares of outstanding stock for
$12.50 per share, consisting of $6.25 per share in cash and 0.192 shares of
Tektronix stock, based on the average closing price of Tektronix stock for the
five trading days ending September 29, 2004. After adjusting for Inet's expected
cash balance at the close of the transaction, the net purchase price was
approximately $340 million. The net purchase price will be satisfied with
approximately $90 million of net cash and 7.6 million shares of Tektronix stock.
Tektronix plans to provide guidance regarding the financial impact of this
transaction during the current quarter, which ends November 27, 2004.
About Tektronix
Tektronix, Inc. is a test, measurement, and monitoring company providing
measurement solutions to the communications, computer, and semiconductor
industries worldwide. With more than 55 years of experience, Tektronix enables
its customers to design, build, deploy, and manage next-generation global
communications networks and advanced technologies. Headquartered in Beaverton,
Oregon, Tektronix has operations in 19 countries worldwide. Tektronix' Web
address www.tektronix.com.
# # #
Tektronix is a registered trademark of Tektronix, Inc. All other trade
names referenced are the service marks, trademarks or registered
trademarks of their respective companies.

text: TEKTRONIX

text: INET TECHNOLOGIES

text: Tektronix, Inc.

text: Inet Technologies, Inc.

text: Tektronix

text: Tektronix

text: Tektronix

text: Tektronix

text: Tektronix

text: Tektronix

text: Tektronix, Inc.

text: Tektronix

text: Tektronix

text: Tektronix

text: Tektronix

text: Tektronix, Inc.


text:
EX-99.1
3
d444660dex991.htm
EX-99.1
EX-99.1
Exhibit 99.1
For immediate Release
:
FirstCash Completes Acquisition of American First Finance
Establishes Entry into Large and Growing Lease to Own and
Point-of-Sale
Payment Space
Fort Worth, Texas (December 17,
2021) - FirstCash Holdings, Inc. ("FirstCash" or the "Company") (Nasdaq: FCFS) today announced that it has closed its previously announced acquisition of American First Finance ("AFF"). The completion of the
acquisition establishes FirstCash's entry into the large and growing lease to own and
point-of-sale
payment space.
"This is an exciting day as we welcome AFF to the FirstCash team", said Rick Wessel, FirstCash's chief executive officer. "Together, we
are well positioned to drive further expansion and growth in both pawn and the complementary retail
point-of-sale
payment space and further diversify our revenue
opportunities, while serving our customers with a wider set of innovative capabilities".
In connection with the completion of the transaction,
effective December 16, 2021, the Company completed its previously announced holding company reorganization creating a newly-formed public company named FirstCash Holdings, Inc, which replaced FirstCash, Inc. as the public company trading
on Nasdaq under the ticker symbol "FCFS". Each outstanding share of FirstCash, Inc. has been converted into an equivalent corresponding share of common stock in FirstCash Holdings, Inc. having the same designations, rights,
powers and preferences and the qualifications, limitations and restrictions as the corresponding FirstCash, Inc. shares that were converted. FirstCash, Inc. now operates as a wholly-owned subsidiary of FirstCash Holdings, Inc. This holding
company reorganization is intended to be a
tax-free
transaction for federal income tax purposes for the Company's shareholders.
As previously announced, Doug Rippel, former Chairman and Founder of American First Finance, has joined the FirstCash Board of Directors following the closing
of the transaction.
About FirstCash
FirstCash is a leading international operator of pawn stores and a leading provider of technology-driven
point-of-sale
payment solutions, both focused on serving cash and credit constrained consumers. FirstCash's more than 2,800 pawn stores buy and sell a wide variety of jewelry, electronics, tools,
appliances, sporting goods, musical instruments and other merchandise and make small consumer pawn loans secured by pledged personal property.
American
First Finance, a wholly owned subsidiary of FirstCash, provides a nationwide network of more than 6,500 active merchant partner locations that provide consumer goods and services to their shoppers and offer AFF's retail finance solutions to
facilitate payments on such transactions. As one of the largest omni-channel providers of "no credit required" payment options, AFF's technology provides its merchant partners with seamless leasing and financing experiences
in-store,
online,
in-cart
and on mobile devices.
1
FirstCash is a component company in both the
Standard
& Poor's MidCap 400
Index
®
and the
Russell 2000 Index
®
. FirstCash's common stock (ticker symbol
"
FCFS
") is traded on the Nasdaq, the creator of the world's first electronic stock market.
Forward-Looking Information
This release contains forward-looking statements, including statements concerning the Company's or management's intentions,
expectations, or predictions about future results or events. Forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, can be identified by the use of forward-looking terminology such as
"believes", "projects", "expects", "may", "estimates", "should", "plans", "targets", "intends", "could", "would", "will,"
"anticipates", "potential", "confident", "optimistic", or the negative thereof, or other variations thereon, or comparable terminology, or by discussions of strategy, objectives, estimates, guidance,
expectations and future plans. Forward-looking statements can also be identified by the fact these statements do not relate strictly to historical or current matters. Rather, forward-looking statements relate to anticipated or expected events,
activities, trends or results. Because forward-looking statements relate to matters that have not yet occurred, these statements are inherently subject to risks and uncertainties. The forward looking statements contained in this release include,
without limitation, statements related to the anticipated benefits of the AFF transaction, the anticipated impact of the transaction on the combined company's business and future financial and operating results and the Company's goals,
plans and projections with respect to its operations, financial position and business strategy.
These forward-looking statements are made to provide the
public with management's current expectations with regard to the AFF transaction. Although the Company believes the expectations reflected in forward-looking statements are reasonable, there can be no assurances such expectations will prove to
be accurate. Security holders are cautioned that such forward-looking statements involve risks and uncertainties. Certain factors may cause results to differ materially from those anticipated by the forward-looking statements made in this release.
Such factors may include, without limitation, risks associated with the CFPB lawsuit filed against the Company, including the incurrence of meaningful expenses, reputational damage, monetary damages and other penalties; risks relating to the AFF
transaction, including the failure of the transaction to deliver the estimated value and benefits expected by the Company, the incurrence of unexpected future costs, liabilities or obligations as a result of the transaction, the effect of the
transaction on the ability of the Company to retain and hire personnel and maintain relationships with retail partners, consumers and others with whom the Company and AFF do business, the ability of the Company to successfully integrate AFF's
operations, the ability of the Company to successfully implement its plans, forecasts and other expectations with respect to AFF's business after the closing, the impact of the additional debt incurred to complete the transaction on the
Company's leverage ratio, interest expense and other business and financial impacts and restrictions due to the additional debt, and other risks and uncertainties inherent in a transaction of this size, (1) related to the
COVID-19
pandemic, which include risks and uncertainties related to the current unknown duration of the
COVID-19
pandemic, the impact of governmental responses that have been,
and may in the future be, imposed in response to the pandemic, including stimulus programs which could adversely impact lending demand, vaccine mandates which could have an adverse impact on the Company's ability to retain its employees and
regulations which could adversely affect the Company's ability to continue to fully operate, potential changes in consumer behavior and shopping patterns which could impact demand for both the Company's pawn loan and retail products, labor
shortages, the deterioration in the economic conditions in the United States and Latin America which potentially could have an impact on discretionary consumer spending, and currency fluctuations, primarily involving the Mexican peso and
(2) discussed and described in (i) the Company's Annual Report on Form
10-K
for the year ended December 31, 2020 and filed with the Securities and Exchange Commission (the "SEC")
on February 1, 2021, including the risks described in Part 1, Item 1A, "Risk Factors" thereof, and (ii) in the other reports filed with the SEC, including the Company's
2
Quarterly Report on Form
10-Q
for the periods ended March 31,
2021, June 30, 2021 and September 30, 2021 and its Current Report on Form
8-K
filed with the SEC on December 7, 2021. Many of these risks and uncertainties are beyond the ability of the Company
to control, nor can the Company predict, in many cases, all of the risks and uncertainties that could cause its actual results to differ materially from those indicated by the forward-looking statements. The forward-looking statements contained in
this release speak only as of the date of this release, and the Company expressly disclaims any obligation or undertaking to report any updates or revisions to any such statement to reflect any change in the Company's expectations or any change
in events, conditions or circumstances on which any such statement is based, except as required by law.
Contacts for FirstCash
Gar Jackson
Global IR Group
Phone: (817)
886-6998
Email:
gar@globalirgroup.com
Doug Orr, Executive
Vice President and Chief Financial Officer
Phone: (817)
258-2650
Email:
investorrelations@firstcash.com
Website:
investors.firstcash.com
Aaron
Palash or Kara Sperry
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449
3

text: FirstCash

text: American First Finance

text: FirstCash Holdings, Inc.

text: FirstCash

text: American First Finance

text: FirstCash

text: FirstCash

text: FirstCash

text: FirstCash

text: FirstCash

text: FirstCash Holdings, Inc.

text: FirstCash

text: FirstCash

text: FirstCash Holdings, Inc.

text: American First Finance

text: FirstCash

text: FirstCash

text: FirstCash

text: FirstCash

text:
American
First Finance

text: FirstCash

text: FirstCash

text: FirstCash

text: FirstCash


text:
EX-99.1
2
exh99_1.htm
INTERFACE, INC. PRESS RELEASE DATED AUGUST 17, 2012
exh99_1.htm
CONTACT:
Daniel T. Hendrix
Chairman and Chief Executive Officer
Patrick C. Lynch
Senior Vice President and Chief Financial Officer
(770) 437-6800
FTI Consulting, Inc.
Eric Boyriven, Matt Steinberg
(212) 850-5600
FOR IMMEDIATE RELEASE
INTERFACE ANNOUNCES CLOSE OF THE SALE OF ITS BENTLEY PRINCE STREET BUSINESS SEGMENT TO DOMINUS CAPITAL
ATLANTA, Georgia, August 17, 2012 - Interface, Inc. (Nasdaq: IFSIA), a worldwide floorcoverings company and global leader in sustainability, today announced that it has completed the previously announced transaction to sell its Bentley Prince Street business segment to an affiliate of Dominus Capital, L.P., a private equity investment firm. The Company said the transaction was closed on terms and conditions consistent with those previously disclosed.
Interface, Inc. is the world's largest manufacturer of modular carpet, which it markets under the
Interface
,
FLOR
, and
Heuga
brands. The Company is committed to the goal of sustainability and doing business in ways that minimize the impact on the environment while enhancing shareholder value.
Defining style, color, quality and service for over 30 years, Bentley Prince Street manufactures and markets award-winning broadloom, carpet tile and area rugs for commercial interiors across the globe.
Based in New York, Dominus Capital is a leading middle-market private equity investment firm that focuses on management-led buyouts and growth capital investments in companies in the business services, light manufacturing and consumer sectors.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
: Except for historical information contained herein, the other matters set forth in this news release are forward-looking statements. The forward-looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including risks and uncertainties associated with economic conditions in the commercial interiors industry as well as the risks and uncertainties discussed under the heading "Risk Factors" included in Item 1A of the Company
's
Annual Report on Form 10-K for the fiscal year ended January 1, 2012, which discussion is incorporated herein by this reference, including, but not limited to, the discussion of specific risks and uncertainties under the headings "The ongoing worldwide financial and credit crisis could have a material adverse effect on our business, financial condition and results of operations", "Sales of our principal products have been and may continue to be affected by adverse economic cycles in the renovation and construction of commercial and institutional buildings,"
"
We compete with a large number of manufacturers in the highly competitive commercial floorcovering products market, and some of these competitors have greater financial resources than we do", "Our success depends significantly upon the efforts, abilities and continued service of our senior management executives and our principal design consultant, and our loss of any of them could affect us adversely", "Our substantial international operations are subject to various political, economic and other uncertainties that could adversely affect our business results, including by restrictive taxation or other government regulation and by foreign currency fluctuations", "Concerns regarding the European sovereign debt crisis and market perceptions about the instability of the euro, the potential re-introduction of individual currencies within the Eurozone, or the potential dissolution of the euro entirely, could adversely affect our business, results of operations or financial condition", "Large increases in the cost of petroleum-based raw materials could adversely affect us if we are unable to pass these cost increases through to our customers", "Unanticipated termination or interruption of any of our arrangements with our primary third party suppliers of synthetic fiber could have a material adverse effect on us", "We have a significant amount of indebtedness, which could have important negative consequences to us", "The market price of our common stock has been volatile and the value of your investment may decline", "Our earnings in a future period could be adversely affected by non-cash adjustments to goodwill, if a future test of goodwill assets indicates a material impairment of those assets", and "Our Rights Agreement could discourage tender offers or other transactions for our stock that could result in shareholders receiving a premium over the market price for our stock." Any forward-looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995 and, as such, speak only as of the date made. The Company assumes no responsibility to update or revise forward-looking statements made in this press release and cautions readers not to place undue reliance on any such forward-looking statements.
# # #

text: INTERFACE, INC.

text: Daniel T. Hendrix

text: INTERFACE

text: BENTLEY PRINCE STREET BUSINESS SEGMENT

text: DOMINUS CAPITAL

text: Interface, Inc.

text: Bentley Prince Street business segment

text: Dominus Capital, L.P.

text: Interface, Inc.

text: Interface

text: Dominus Capital


text:
EX-99.1
2
ex991pressrelease.htm
EXHIBIT 99.1
Exhibit
Media-Information
New York December 19, 2019
DWS Group's RREEF Property Trust acquires distribution facility near Seattle, Washington
DWS Group announced today that RREEF Property Trust, Inc. (NASDAQ: ZRPTAX; ZRPTIX; ZRPTTX), a publicly registered, daily NAV1 REIT advised by DWS Group, has acquired a 210,321 square foot distribution center located in Redmond, Washington. The property is fully leased to a multinational delivery services company through July 2028 and serves as a last-mile distribution center to the surrounding residential population and local corporations located in Seattle's Eastside submarket.
The LEED Silver-certified distribution facility houses a custom, built-in-place conveyor system tasked with sorting and organizing packages for shipment in an efficient and cost-effective manner. The property's close proximity to Seattle's major population centers, SeaTac Airport and the Port of Seattle makes this location highly desirable among large distribution tenants, while high barriers to entry have limited development in this industrial node. Excess land dedicated to parking and trailer storage further strengthens the center's market position as a best-in-class, infill distribution building.
The addition of a 100% leased industrial asset with 8.5 years of remaining lease term further strengthens the income profile and core nature of the portfolio.
"Acquiring a well-located distribution facility in one of the busiest shipment corridors along the West Coast is aligned with our portfolio allocation strategy for the fund", said Todd Henderson, Chairman of the Board of RREEF Property Trust and Head of Real Estate, Americas at DWS. "We continue to remain overweight to the industrial sector as we still believe that strong market fundamentals in the U.S. are expected to remain due to low current vacancy rates, a disciplined construction pipeline and the proliferation of e-commerce".
For further information please contact:
Adib Sisani
DWS Group Media Relations
Phone: +49(69)910-61960
E-Mail: adib.sisani@dws.com
1 Valuations and appraisals of our properties and real estate-related securities are estimates of fair value and may not
necessarily correspond to realizable value, and may not accurately reflect the actual price at which assets could be
liquidated on any given day.
Published by the Communications Department of DWS Group GmbH & Co. KGaA
http://www.dws.com
DWS Group
DWS Group (DWS) is one of the world's leading asset managers with USD 820bn of assets under management (as of 30 September 2019). Building on more than 60 years of experience and a reputation for excellence in Germany and across Europe, DWS aims to be recognized by clients globally as a trusted source for integrated investment solutions, stability and innovation across a full spectrum of investment disciplines.
DWS wants to innovate and shape the future of investing: with approximately 3,600 employees in offices all over the world, we are local while being one global team.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of federal securities laws and regulations. These forward-looking statements are identified by their use of terms and phrases such as "anticipate", "believe", "continue", "could", "estimate", "expect", "intend", "may", "plan", "predict", "project", "should", "will" and other similar terms and phrases, including references to assumptions and forecasts of future results. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made. Although RREEF Property Trust believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that the expectations will be attained or that any deviation will not be material. RREEF Property Trust undertakes no obligation to update any forward-looking statement contained herein to conform the statement to actual results or changes in the company's expectations.
The brand DWS represents DWS Groups GmbH & Co. KGaA and any of its subsidiaries.
© 2019 DWS Group GmbH & Co. KGaA. All rights reserved. 072445-1
Published by the Communications Department of DWS Group GmbH & Co. KGaA
http://www.dws.com

text: DWS Group

text: RREEF Property Trust

text: DWS Group

text: RREEF Property Trust, Inc.

text: DWS Group

text: Todd Henderson

text: RREEF Property Trust

text: DWS Group

text: DWS Group

text: DWS Group

text: DWS Group

text: RREEF Property Trust

text: RREEF Property Trust

text: DWS Group

text: DWS Group


text:
EX-99
4
exhibit_99-1.htm
EXHIBIT 99.1
Exhibit 99.1
EXHIBIT 99.1
10172 Linn Station Road
Louisville, Kentucky 40223
(502) 426-4800
Contact: Gregory A. Wells, Executive Vice President and CFO
Date: August 15, 2007
FOR IMMEDIATE RELEASE
NTS Realty Holdings Limited
Partnership Announces the Purchase of Creek's Edge at Stony Point Multi-Family
Property in Richmond, Virginia with an Unaffiliated Co-owner
Louisville, KY (August 15, 2007)
(AMEX: NLP) -
NTS Realty Holdings Limited Partnership (the "Company")
announced today that it, together with an unaffiliated co-owner, completed the purchase of
Creek's Edge at Stony Point ("Creek's Edge"), a multifamily property
located in Richmond, Virginia. The Company completed the transaction through Creek's
Edge Apartments, LLC, a subsidiary of the Company's qualified intermediary in
connection with its intended Section 1031 like-kind exchange. The Company and its co-owner
purchased the property from CG Stony Point, LLC, a Virginia limited liability company that
is not affiliated with the Company (the "Seller"). The Company and its co-owner
paid an aggregate purchase price of $32.3 million to acquire Creek's Edge. A
spokesperson for the Company indicated that the Company and its co-owner satisfied the
purchase price for Creek's Edge with funds obtained from a $22.75 million short-term
mortgage loan from JP Morgan Chase Bank, N.A., funds from a $4.5 million increase in a
mortgage loan on the Company's Lakeshore Business Centers I, II and III, and from
working capital. The spokesperson also indicated that the transaction was conducted
pursuant to an Exchange Agreement with a qualified intermediary as a transaction under
Section 1031 of the Internal Revenue Code which is intended to allow the Company to defer
the payment of income tax on any gain related to the sale of properties.
Brian Lavin, the President and Chief
Executive Officer of the Company's managing general partner said, "We are very
pleased to add this property, located next to one of Richmond's newest and most
upscale shopping centers, to our growing portfolio of multifamily properties".
About NTS Realty
Holdings Limited Partnership
The Company directly, or as a tenant
in common with unaffiliated co-owners, currently owns twenty-nine properties, comprised of
eleven multifamily properties, fourteen office buildings and business centers, three
retail properties and one ground lease. The properties are located in and around
Louisville and Lexington, Kentucky, Nashville, Tennessee, Richmond, Virginia, Fort
Lauderdale, Florida, Indianapolis, Indiana and Atlanta, Georgia. The Company's
limited partnership units are listed on the American Stock Exchange under the trading
symbol "NLP".
- more -
Safe Harbor Under the
Private Securities Litigation Reform Act of 1995
This press release contains forward
looking statements that can be identified by the use of words like "believe,"
"expect", "may", "could", "intend,"
"project", "estimate", or "anticipate." These forward
looking statements, implicitly or explicitly, include assumptions underlying the
statements and other information with respect to the Company's beliefs, plans,
objectives, goals, expectations, estimates, intentions, financial condition, results of
operations, future performance and business, including its expectation of, and estimates
with respect to, revenues, expenses, earnings, return of and on equity, return on assets,
asset quality and other financial data and performance ratios. Although the Company
believes that the expectations reflected in its forward looking statements are reasonable,
these statements involve risks and uncertainties which are subject to change based on
various important factors, some of which are beyond the Company's control. Important
factors that would cause actual results to differ materially from expectations are
disclosed under "Risk Factors" and elsewhere in the Company's most recent
annual report on Form 10-K, which was filed on March 29, 2007, and registration statement
on Form S-4, which became effective on October 27, 2004.
If one or more of the factors
affecting forward looking information and statements proves incorrect, the Company's
actual results of operations, financial condition or prospects could differ materially
from those expressed in, or implied by, the forward looking information and statements
contained in this press release.
- ### -

text:
NTS Realty Holdings Limited
Partnership

text: Creek's Edge at Stony Point

text: NTS Realty Holdings Limited Partnership

text: Creek's Edge at Stony Point

text:
Creek's
Edge Apartments, LLC

text:
NTS Realty
Holdings Limited Partnership