text:
EX-99.1
3
tv518304_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
Stoneridge
Announces Divestiture of Non-core Switches and
Connectors
Product Lines to Standard Motor Products
Transaction Summary
·
Stoneridge, Inc., (the "Company") has sold product lines and assets related to certain non-core switches and
connectors (the "Business") to Standard Motor Products, Inc., for approximately $40 million, subject to a post-closing
inventory adjustment.
·
Stoneridge will retain and recognize approximately $5 million in value related to retained net working capital assets of
the Business.
·
Stoneridge will retain the Canton, Massachusetts manufacturing facility.
·
The Business generated approximately $45 million of revenue in 2018.
·
Divestiture is expected to reduce 2019 adjusted earnings per share ("EPS") by ($0.15) - ($0.20).
·
Divestiture and the related, previously announced closure of the Canton, Massachusetts manufacturing facility is expected
to have ($0.05) - $0.00 EPS impact in 2020.
·
Control Devices' adjusted operating margin is expected to improve by 100-125 basis points in 2020.
NOVI, Mich.
- April 1, 2019 - Stoneridge, Inc.
(NYSE: SRI), a leader in highly engineered electrical and electronic components for the commercial vehicle and automotive industry,
announced today that it has sold assets related to non-core switches and connectors product lines to Standard Motor Products, Inc.
("SMP"), for approximately $40 million, subject to a post-closing inventory adjustment. Related to the transaction,
Stoneridge and SMP have entered into a transition services agreement, supply agreement and contract manufacturing agreement to
help support the transition of the product lines to SMP's facilities.
Products related to the Business are currently manufactured in Juarez,
Mexico and Canton, Massachusetts, and include ball switches, ignition switches, rotary switches, courtesy lamps, toggle switches,
headlamp switches and other related components. Stoneridge will retain the Canton manufacturing facility, as well as certain other
net working capital assets related to the Business.
In January, Stoneridge announced Stoneridge 2020, a project aimed
at focusing its business on core technologies to drive sustainable, outsized growth, and the closure of its Canton manufacturing
facility. The Company has begun moving engineering capabilities and will relocate the remaining products currently manufactured
at that location to other North American manufacturing sites. Stoneridge is targeting a closure of the facility by the end of 2019,
at which time it is expected that Stoneridge will sell the facility.
"Stoneridge has undergone a significant business transformation
to position the Company for long-term growth", said Jon DeGaynor, president and chief executive officer, Stoneridge. "This
divestiture is part of an
initiative to better align Stoneridge's operations and engineering
footprint
and focus resources on the technology platforms and growth products that will drive value for our customers, shareholders
and employees".
Angle Advisors, LLC, acted as financial advisor to Stoneridge for
this transaction.
About Stoneridge, Inc.
Stoneridge, Inc., headquartered in Novi, Michigan, is an independent
designer and manufacturer of highly engineered electrical and electronic components, modules and systems principally for the automotive,
commercial vehicle, motorcycle, agricultural and off-highway vehicle markets. Additional information about Stoneridge can be found
at
Stoneridge.com
.
Forward-Looking Statements
Statements in this press release contain "forward-looking
statements" under the Private Securities Litigation Reform Act of 1995. These statements include statements regarding the
intent, belief or current expectations of the Company with respect to the Company's sale of the asset of the Business to
SMP. Forward-looking statements may be identified by the words "will", "may", "should", "designed
to", "believes", "plans", "projects", "intends", "expects", "estimates,"
"anticipates", "continue", and similar words and expressions. The forward-looking statements are subject
to risks and uncertainties that could cause actual events or results to differ materially from those expressed in or implied by
the statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements
include, among other factors:
·
a significant change in automotive, commercial, off-highway, motorcycle or agricultural vehicle production;
·
competitive market conditions and resulting effects on sales and pricing;
·
customer acceptance of new products;
·
our ability to successfully launch/produce products for awarded business;
·
adverse changes in laws, government regulations or market conditions, including tariffs, affecting our products or our customers'
products;
·
our ability to protect our intellectual property and successfully defend against assertions made against us;
·
the ability of our suppliers to supply us with parts and components at competitive prices on a timely basis, including the
impact of potential tariffs and trade considerations on their operations and output;
·
the failure to achieve the successful integration of any acquired company or business;
·
risks related to a failure of our information technology systems and networks and risks associated with current and emerging
technology threats and damage from computer viruses, unauthorized access, cyber-attack and other similar disruptions; and
·
the items described in Part I, Item IA ("Risk Factors") of our 2018 10-K filed with the SEC.
In addition, this release contains time-sensitive information that
reflects management's best analysis only as of the date of this release. The Company does not undertake any obligation to
publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after
the date of this release.
Contact:
Regan Grant
Director, Global Strategic Marketing and Communications
Regan.Grant@stoneridge.com
+1.248.829.2100
Matt Horvath
Director, Investor Relations and Corporate Development
Matthew.Horvath@stoneridge.com
+1.248.324.3883
###

text: Stoneridge, Inc.

text: Standard Motor Products, Inc.

text: Stoneridge, Inc.

text: Standard Motor Products, Inc.

text: Angle Advisors, LLC

text: Stoneridge, Inc.

text: Stoneridge, Inc.

text: Regan Grant

text: Matt Horvath


dataset: buster

text:
EX-99.1
4
ex-99d1.htm
EX-99.1
waas_Ex99_1
Exhibit 99.1
Press Release
investors@aquaventure.com
Investors Hotline: 855-278-WAAS (9227)
FOR IMMEDIATE RELEASE
November 1, 2018
AquaVenture Holdings Limited Announces Acquisition of AUC Group and Expansion of Corporate Credit Agreement
(Tampa, Fla.) - AquaVenture Holdings Limited (NYSE: WAAS) ("AquaVenture" or the "Company"), a leader in Water-as-a-ServiceTM ("WAASTM") solutions, today announced that it completed the acquisition of all of the issued and outstanding membership interests of AUC Acquisitions Holdings, LLC ("AUC") for an aggregate purchase price of approximately $130.0 million, including approximately $128.0 million cash and 121,956 AquaVenture ordinary shares, subject to adjustment as provided in the purchase agreement.
AUC provides wastewater treatment and water reuse solutions primarily to property developers and municipal customers, including utility districts, in the United States. The wastewater treatment products and services offered include scalable modular treatment plants, field-erected treatment plants and temporary bypass plants. The products and services are delivered to customers through capital and financed equipment sales, and leasing arrangements. Since beginning operations more than 45 years ago, AUC has delivered over 1,500 wastewater treatment and water reuse plants ranging in capacity from 5,000 gallons per day to over 1.5 million gallons per day, and currently has more than 80 leases of wastewater treatment plants to customers. AUC is headquartered in Houston, Texas.
Doug Brown, Chairman and CEO of AquaVenture Holdings, commented: "We are excited to announce the acquisition of AUC, which expands our WAAS solutions in the wastewater treatment and water reuse businesses. AUC's business model of offering fully-financed solutions with long-term customer relationships mirrors AquaVenture's existing portfolio while broadening our footprint in the United States. We welcome our new teammates and customers to the AquaVenture family".
In addition, the Company entered into an amendment of its $150.0 million senior secured credit agreement ("Amended Corporate Credit Agreement") on November 1, 2018 to increase its borrowings to $260.0 million and to reduce the interest rate for the existing $150.0 million loan by 50 basis points on both the variable and fixed portions. A portion of the incremental debt in addition to existing cash was used to fund the acquisition of AUC.
Conference Call and Webcast Information
AquaVenture will host an announcement update conference call on Friday, November 2, 2018 at 8:00 am ET. Interested parties are invited to listen to the conference call by dialing 1-855-327-6837, or, for international callers, 1-631-891-4304 and ask for the AquaVenture conference call. Replays of the entire call will be available through November 9, 2018 at 1-844-512-2921, or, for international callers, at 1-412-317-6671, conference ID #10005762. A
1
webcast of the conference call will also be available through the Investor Relations section of the Company's website, www.aquaventure.com. A copy of this press release is also available on the Company's website.
About AquaVenture
AquaVenture is a multinational provider of WAAS™ solutions that provide customers a reliable and cost-effective source of clean drinking and process water primarily under long-term contracts that minimize capital investment by the customer. AquaVenture is composed of two operating platforms: Quench, a leading provider of filtered water systems and related services with over 125,000 units installed at institutional and commercial customer locations across the U.S. and Canada; and Seven Seas Water, a multinational provider of desalination and wastewater treatment solutions, providing more than 8.5 billion gallons of potable, high purity industrial grade and ultra-pure water per year to governmental, municipal, industrial and hospitality customers.
Safe Harbor Statement
This release contains forward-looking statements that are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 and of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Investors are cautioned that statements in this press release regarding management's future expectations, beliefs, intentions, goals, strategies, plans or prospects, including, without limitation, statements relating to AquaVenture's expectations for the wastewater treatment and water reuse businesses; expectations regarding future business development and acquisition activities; its expectations regarding performance from recently completed and pending acquisitions; and the impacts on operating results of those acquisitions, constitute forward-looking statements. Forward-looking statements can be identified by terminology such as "anticipate", "believe", "could", "could increase the likelihood", "estimate", "expect", "intend", "is planned", "may", "should", "will", "will enable", "would be expected", "look forward", "may provide", "would" or similar terms, variations of such terms or the negative of those terms. Such forward-looking statements involve known and unknown risks, uncertainties and other factors including those risks, uncertainties and factors detailed in AquaVenture's filings with the Securities and Exchange Commission. As a result of such risks, uncertainties and factors, AquaVenture's actual results may differ materially from any future results, performance or achievements discussed in or implied by the forward-looking statements contained herein. AquaVenture is providing the information in this press release as of this date and assumes no obligations to update the information included in this press release or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
2

label: organization

text: AquaVenture Holdings Limited

text: AUC Group

text: AquaVenture Holdings Limited

text: AUC Acquisitions Holdings, LLC

text: AUC

text: AUC

text: AUC

text: AUC

label: person

text: Doug Brown

text: AUC

text: AUC

text: AUC

source_dataset: expertai/BUSTER

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


text:
EX-99.1
25
ex99_1.htm
EXHIBIT 99.1
Unassociated Document
Exhibit 99.1
FOR
IMMEDIATE RELEASE
Media
Contact:
Kay
Stroman, Grande Communications Networks
LLC
(512)
878-5221
kay.stroman@corp.grandecom.com
RECAPITALIZATON
OF GRANDE COMMUNICATIONS
SAN
MARCOS, Texas - September 15, 2009 - Grande Communications Holdings, Inc.
announced today that the recapitalization of its wholly-owned subsidiary and
operating company, Grande Communications Networks LLC, successor in interest to
Grande Communications Networks, Inc. ("Grande Communications"), has been
completed. Grande Communications will now be owned indirectly
by a newly formed partnership in which a fund managed by ABRY Partners, LLC
("ABRY") owns a controlling interest. Grande Communications Holdings,
Inc. will hold an indirect minority interest in Grande
Communications. As part of the transaction, Grande Communications
will be managed by Atlantic Broadband Finance, LLC, an existing portfolio
company of ABRY, whose management team includes several cable industry
veterans.
In
connection with the transaction, the 14% Senior Secured Notes due 2011 of Grande
Communications Holdings, Inc., which were guaranteed by Grande Communications,
were repurchased or called for redemption. The transaction was
financed through a combination of equity financing from a fund managed by ABRY
and certain affiliated entities and Grande Communications' new credit facility
under its credit agreement with Société Générale as administrative
agent.
Scott
Ferguson, Grande's Vice President of Operations, said the additional capital
will allow continued investment in its operations as well as future growth.
"This is tremendous news for Grande's employees and its customers. The infusion
of new capital, combined with Atlantic Broadband's management depth, is a great
step forward for Grande".
Matt
Murphy, formerly Atlantic Broadband's Senior Vice President for Corporate
Development, has been named President of Grande Communications. Murphy will be
responsible for oversight and management of Grande's operational performance and
strategic direction of its growth efforts. He commented, "I am very
excited to become a part of the Grande team. Grande has a terrific
history of performance and I see a great opportunity to help take it to the next
level. The Atlantic team and I are very eager to help support the
company's people, networks and loyal customer base".
About Grande Communications
(
www.grandecom.com
)
Headquartered
in San Marcos, Texas, Grande Communications delivers high-speed Internet, local
and long-distance telephone and digital cable over its own advanced network to
communities in Texas. Grande's bundled service area includes portions of Austin,
Corpus Christi, suburban northwest Dallas, Midland, Odessa, San Antonio, San
Marcos and Waco.
About
ABRY
Based in
Boston, Massachusetts, ABRY Partners enjoys a position as one of the most
experienced and successful media and communications focused private equity
investment firms in North America. Since 1989, ABRY Partners has completed over
$21 billion of leveraged transactions and other private equity and mezzanine
investments, representing investments in more than 500 media and communications
properties.
About
Atlantic Broadband
Atlantic
Broadband is the 15th largest cable operator in the United States. The privately
held company is headquartered in Quincy, Massachusetts, with over 700 employees
and 286,000 customers located in four operating regions: central Pennsylvania,
Miami Beach, Maryland/Delaware, and Aiken, SC. Additional information is
available at www.atlanticbb.com.
Safe Harbor Statement Under
The Private Securities Litigation Reform Act of 1995
This
press release may contain forward-looking statements relating to Grande
Communications operations that are based on its current expectations, estimates
and projections. Words such as "anticipates", "expects", "intends", "plans,"
"projects", "believes", "estimates", and similar expressions are used to
identify these forward-looking statements. These statements are not guarantees
of future performance and involve risks, uncertainties and assumptions that are
difficult to predict and could cause actual results and outcomes to be
materially different. Such risks and uncertainties include those listed under
the caption "Risk Factors" in Grande Communications Holding's Annual Report on
Form 10-K for the year ended December 31, 2008 filed with the Securities and
Exchange Commission and Grande's Quarterly Reports on Form 10-Q filed with the
SEC after such 10-K. Forward-looking statements are based upon assumptions as to
future events that may not prove to be accurate. Actual outcomes and results may
differ materially from what is expressed or forecasted in these forward-looking
statements. As a result, these statements speak only as of the date they were
made and Grande Communications Holdings, Inc. undertakes no obligation to
publicly update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise.
# #
#

text:
Grande Communications Networks
LLC

text: GRANDE COMMUNICATIONS

text: Grande Communications Holdings, Inc.

text: Grande Communications Networks LLC

text: Grande Communications

text: Grande Communications

label: fund

text: ABRY Partners, LLC

override: fund

text: ABRY

text:
Grande Communications Holdings,
Inc.

text:
Grande
Communications

text: Grande Communications

text: Atlantic Broadband Finance, LLC

text: ABRY

text:
Grande
Communications Holdings, Inc.

text: Grande Communications

text: ABRY

text: Grande Communications

text: Grande Communications

text: Grande Communications

text: Grande Communications

text: ABRY

text: ABRY

text: ABRY

text:
Grande
Communications

text: Grande Communications

text: Grande Communications Holdings, Inc.


text:
EX-99
3
ex99-2_pressrelease.txt
EX_99-2-PRESS RELEASE
Exhibit 99.2
[AMPAL LOGO]
FOR: AMPAL-AMERICAN ISRAEL CORPORATION
CONTACT: Irit Eluz
CFO - SVP Finance & Treasurer
(866) 447 8636
irit@ampal.com
FOR: Kwan Communications
CONTACT: Zvi Rabin
011 972 50 600140
zvi@kwan.co.il
Ampal-American Israel Corporation
Completes Sale of Its Holdings of MIRS
to Motorola Israel Ltd.
TEL AVIV, Israel, October 3, 2005 - Ampal-American Israel Corporation
(Nasdaq:AMPL) announced today that Ampal Communications L.P., a limited
partnership controlled by Ampal, has completed the previously announced sale to
Motorola Israel Ltd. ("Motorola ") of all of its holdings of MIRS Communications
Ltd. ("MIRS").
In connection with the sale of its holdings of MIRS, Ampal Communications L.P.
received approximately US $89 million of total proceeds composed of US$67
million for the purchase price and an additional US$22 million related to
guaranteed dividend payments and recorded a loss during the third quarter of
approximately US$4.1 million. Approximately US$74 million of the proceeds was
used to repay all outstanding debt to Banks incurred in connection with making
the MIRS investment, and Ampal received US$11 million of net proceeds from the
sale. In addition, in connection with the closing of the transaction, the
existing lawsuit among the parties and others relating to MIRS has been
dismissed.
Ampal Communications L.P. is a limited partnership which previously held a 33%
interest in MIRS. Ampal American-Israel Corporation holds 75% of Ampal
Communications L.P.
About Ampal
Ampal and its subsidiaries primarily acquire interests in businesses located in
the State of Israel or that are Israel-related. Ampal has diversified interests
in the following sectors: telecommunication, real estate, capital markets,
leisure-time and other. For more information about Ampal please visit our web
site at www.ampal.com.
Certain information in this press release includes forward-looking statements
(as such term is defined in the Private Securities Litigation Reform Act of
1995) and information relating to the Company that are based on the beliefs of
management of the Company as well as assumptions made by and information
currently available to the management of the Company. When used in this press
release, the words "anticipate", "believe", "estimate", "expect", "intend,"
"plan", and similar expressions as they relate to the Company or the management
of the Company, identify forward-looking statements. Such statements reflect the
current views of the Company with respect to future events or future financial
performance of the Company, the outcome of which is subject to certain risks and
other factors which could cause actual results to differ materially from those
anticipated by the forward-looking statements, including among others, the
economic and political conditions in Israel, the Middle East, and the global
business and economic conditions in the different sectors and markets where the
Company's portfolio companies operate. Should any of these risks or
uncertainties materialize, or should underlying assumptions prove incorrect,
actual results or outcome may vary from those described herein as anticipated,
believed, estimated, expected, intended or planned. Subsequent written and oral
forward-looking statements attributable to the Company or persons acting on its
behalf are expressly qualified in their entirety by the cautionary statements in
this paragraph. Please refer to the Company's annual, quarterly and periodic
reports on file with the SEC for a more detailed discussion of these and other
risks that could cause results to differ materially.

text: AMPAL

text: AMPAL-AMERICAN ISRAEL CORPORATION

text: Irit Eluz

text: Ampal-American Israel Corporation

text: MIRS

text: Motorola Israel Ltd.

text: Ampal-American Israel Corporation

text: Ampal Communications L.P.

text: Ampal

text: Motorola Israel Ltd.

text:
MIRS Communications
Ltd.

text: MIRS

text: MIRS

text: Ampal Communications L.P.

text: MIRS

text: Ampal

text: MIRS

text: Ampal Communications L.P.

text: MIRS

text:
Ampal
Communications L.P.

text: Ampal

text: Ampal

text: Ampal

text: Ampal


text:
EX-99.1
8
tm2123756d1_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
FOR IMMEDIATE ISSUE
FOR:
Stagwell Inc.
CONTACT:
Beth Sidhu
One World Trade Center, Fl. 65
Stagwell Inc.
New York, NY 10007
202.423.4414
Beth.sidhu@stagwellglobal.com
STAGWELL MARKETING GROUP AND MDC PARTNERS (MDCA)
COMBINE FOLLOWING SUCCESSFUL SHAREHOLDER VOTE, FORMING STAGWELL INC.
Stagwell Inc. brings together the digital-first
capabilities of Stagwell Marketing Group with the creative talent of MDC Partners, creating a top 10 global marketing services company
Combined Company will trade on the Nasdaq under
the ticker STGW beginning on August 3
NEW YORK, NY August 2, 2021 -
Stagwell
Inc. ("Stagwell") announced today that Stagwell Marketing Group Holdings LLC ("Stagwell Marketing Group") and
MDC Partners Inc. ("MDC") have officially completed a business combination (the "Combination") following a successful
shareholder vote on July 26, 2021, creating a top 10 global marketing services company. The combined company is called Stagwell Inc. and
will trade on the Nasdaq under the ticker symbol "STGW" beginning Tuesday, August 3, 2021. Under the continued leadership
of CEO Mark Penn, Stagwell's roster of world-class clients will benefit from award-winning creative talent and the latest connected
technologies to drive the most effective marketing outcomes.
"
I am excited about the
unique opportunity we have to build a new kind of holding company that can transform the industry and create enhanced opportunities for
growth and value in the marketplace", said Mark Penn, CEO, Stagwell. "Stagwell is born from the understanding that modern
culture demands the highest levels of agility and creativity to drive unique, connected experiences. Given the depth of our combined talent,
we are uniquely positioned to build new marketing solutions help our clients achieve their business results. Madison Avenue, get ready
for Stagwell".
Stagwell targets growth to $3 billion in revenue by 2025, including
acquisitions, organic growth, and new products. Stagwell expects its next-level growth to be driven by four key drivers:
·
Leading-edge digital transformation:
Stagwell boasts a digital engine
that understands the fastest growing segments of the marketing and advertising industry, such as e-commerce, platform building, online
advocacy, influencer marketing, and global performance marketing.
·
Scaled creative performance:
The combined company will break down
the artificial divide between brand marketing and performance media to help clients deliver effective advertising at scale, powered by
higher levels of creativity.
·
Innovative SaaS digital marketing products:
Stagwell will continue
its investment in building SaaS marketing products that solve for key gaps in the marketing ecosystem based on industry know-how and engineering
heft.
·
Integrated solutions at global scale
: While the top four marketing
holding companies have historically had a stranglehold on these opportunities, the combined company can easily create global teams with
the potential to win contracts at the highest levels.
These growth drivers will be supported
by Stagwell's culture of collaboration, which leverages the best in connected technology to bring together agencies across disciplines.
The combined company's nearly 10,000 employees and affiliates bring a wealth of experience across creativity, digital transformation,
data analysis and audience targeting to help identify, design and execute the right solutions for modern marketers.
Stagwell now includes renowned brands including creative agencies such
as 72andSunny, Anomaly, Doner and Forsman & Bodenfors, cutting edge digital transformation firms including Code and Theory, YML and
Instrument, media powerhouses Assembly, ForwardPMX and GALE, public relations leaders Allison+Partners, SKDK and Hunter, and market research
firms the Harris Poll and NRG. The combined company is expected to generate between $2.135 billion and $2.180 billion in total revenue
and between $372 million and $387 million in Adjusted EBITDA in 2021 on a pro forma basis including $30 million of projected synergies.
Stagwell's clients include best-in-class marketers such as P&G, Nike, and Google.
"As we move forward as Stagwell, I could not be prouder of the
incredible work our agencies have already achieved together on behalf of clients like Nike, Google and P&G", said Penn. "As
we enter this new phase of our partnership, I have no doubt we have the right talent, creativity and connected services to continue our
combined legacy of industry-leading client work and truly transform the future of marketing".
Designed and created by Doner, Stagwell's
new visual identity colorfully symbolizes the combination of MDC and the Stagwell Marketing Group, and the combination of creativity
and connected experiences. Code and Theory designed Stagwell's new website:
www.stagwellglobal.com
About Stagwell Inc.
Stagwell (NASDAQ: STGW) is the challenger
holding company built to transform marketing. We deliver scaled creative performance for the world's most ambitious brands, connecting
culture-moving creativity with leading-edge technology to harmonize the art and science of marketing. Led by entrepreneurs, our 10,000+
specialists in 30+ countries are unified under a single purpose: to drive effectiveness and improve business results for their clients.
Join us at
www.stagwellglobal.com
.
Cautionary Statement Regarding Forward-Looking Statements
This communication
may contain certain forward-looking statements (collectively, "forward-looking statements") within the meaning of Section 27A
of the U.S. Securities Act of 1933, as amended and Section 21E of the U.S. Exchange Act and the United States Private Securities Litigation
Reform Act of 1995, as amended. Statements in this document that are not historical facts, including statements about Stagwell's
beliefs and expectations and recent business and economic trends, constitute forward-looking statements. Words such as "estimate,"
"project", "target", "predict", "believe", "expect", "anticipate", "potential,"
"create", "intend", "could", "should", "would", "may", "foresee,"
"plan", "will", "guidance", "look", "outlook", "future", "assume,"
"forecast", "focus", "continue", or the negative of such terms or other variations thereof and terms of
similar substance used in connection with any discussion of current plans, estimates and projections are subject to change based on a
number of factors, including those outlined in this section. Such forward-looking statements may include, but are not limited to, statements
related to: future financial performance and the future prospects of the business and operations of Stagwell; information concerning the
Combination; and the anticipated benefits of the Combination. A number of important factors could cause actual results to differ materially
from those contained in any forward-looking statement, including the risks identified in our filings with the Securities Exchange Commission
(the "SEC")
.
These forward-looking statements
are subject to various risks and uncertainties, many of which are outside Stagwell's control. Important factors that could cause actual
results and expectations to differ materially from those indicated by such forward-looking statements include, without limitation, the
risks and uncertainties set forth under the caption "Risk Factors" in Stagwell's Annual Report on Form 10-K for the year-ended December
31, 2020 under Item 1A and under the caption "Risk Factors" in Stagwell's Quarterly Report on Form 10-Q for the quarter-ended March
31, 2021 under Item 1A.
You can obtain copies of Stagwell's filings under its profile on SEDAR
at www.sedar.com, its profile on the SEC's website at www.sec.gov or its website at www.stagwellglobal.com. Stagwell does not undertake
any obligation to update any forward-looking statements as a result of new information, future developments or otherwise, except as expressly
required by law. All forward-looking statements in this communication are qualified in their entirety by this cautionary statement.

text: STAGWELL MARKETING GROUP

text: MDC PARTNERS

override: organization

text: Stagwell Marketing Group

text: MDC Partners

text: Stagwell Marketing Group Holdings LLC

text: Stagwell Marketing Group

text: MDC Partners Inc.

text: Mark Penn

text: Mark Penn

text: Stagwell Marketing Group


text:
EX-99.1
3
ex99_1.htm
EXHIBIT 99.1
Exhibit 99.1
July
31,
2007
FOR
IMMEDIATE RELEASE
Language
Access Network Announces Definitive Acquisition of iBeam Solutions, a Microsoft
Gold Certified Partner
COLUMBUS,
Ohio
(OTC:LANW)
-
Language Access Network Inc., the leader in video interpretation services,
today
announced it has signed a definitive agreement and has acquired privately-held
iBeam Solutions.
iBeam
Solutions, founded in 2000 and based in Canal Winchester, Ohio is a
comprehensive provider of technology solutions to businesses. A few of iBeam's
450 clients include: Cardinal Health (CAH);
Pinnacle Data Systems, Inc. (PNS);
The
Daimler Group; The Ohio State University; Bricker & Eckler; Zeiger, Tigges
& Little; and Central Ohio Pediatric Endocrinology and Diabetes
Clinic.
iBeam
Solutions, is ninth fastest growing IT firm in Ohio, with gross revenues
exceeding $1.6 million in 2006.
Language
Access Network has acquired iBeam Solutions for $1 million in restricted common
stock and debt in the Company. The acquisition will be accretive to part of
2007
earnings.
"The
closing today of the iBeam Solutions acquisition signals Language Access
Network's continuing commitment to provide the very best video interpretation
services wrapped in first class IT services", said Michael Guirlinger,
CEO/COO. "The creativity, dedication, and teamwork at iBeam Solutions will
make this an excellent revenue and cultural fit with Language Access Network"
added Guirlinger.
"iBeam
Solutions is focused on helping businesses across the nation leverage technology
to improve the bottom line. Technology does not need to be the source of
problems and discussion in corporate board rooms as it is today.
Technology is a driver and a tool for businesses to use to enhance operations
and spur innovation, as is evidenced by the exciting innovative products and
services delivered by Language Access Network. It is very rewarding to see
technology based services such as that delivered by Language Access Network
creating jobs, cutting costs and helping people receive accurate and timely
healthcare services. We are excited about joining forces with Language
Access Network".
About
iBeam Solutions, Inc.
iBeam
Solutions, a Microsoft Gold Certified Partner, was founded in 2000 and is one
of
Central Ohio's fastest growing technology consulting firms. iBeam Solutions has
been a Top CAT nominee in multiple categories the last 6 years running, Business
of the Year from the Canal Winchester Chamber of Commerce, and has received
press regarding their talents in many publications including Business First
and
The Daily Reporter, and has appeared on national TV on Fox Cable News as the
subject of a Summerall Success Story with Pat Summerall. Their CEO, Eric
Schmidt, was a finalist for the 2003 and 2004 Ernst & Young Entrepreneur of
the Year Award. iBeam provides design and implementation of networks,
security and Internet monitoring, technical support, web development, graphic
design, application development, database development and support, phone and
data wiring, wireless solutions, phone system installation and support, web
site
hosting, server and PC sales and service, sales and support for all brands
and
types of hardware and software, web cams, forensic technology services, help
desk services, monitoring and much more. iBeam is also Novell certified and
works with all the major vendors in the industry.
For
more
information please visit their web site at www.ibeamsolutions.com.
About
Language Access Network, Inc.
Language
Access Network Inc.(OTC:
LANW),is
a
pioneer and the leader in video language interpretation services for 150 foreign
languages and American Sign Language. A publicly traded company, Language Access
Network provides pharmacies and medical facilities with professionally trained
interpreters 24 hours a day, seven days a week through our centralized video
language center, interpreting more than 150 different languages including
American Sign Language (ASL) via real-time, interactive video
technology.
More
information is available at www.languageaccessnetwork.com
Cardinal
Health Systems www.cardinal.com
Pinnacle
Data Systems, Inc. www.pinnacle.com
The
Daimler Group www.daimlergroup.com
The
Ohio
State University www.osu.edu
Bricker
& Eckler www.bricker.com
Zeiger,
Tigges & Little LLP www.litohio.com
Central
Ohio Pediatric Endocrinology and Diabetes Clinic www.copeds.com/Disclaimer.asp
Safe
Harbor Statement
This
release contains "forward-looking statements" within the meaning of Section
27A
of the Securities Act of 1933, as amended, and Section 21E the Securities
Exchange Act of 1934, as amended and such forward-looking statements are made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. "Forward-looking statements" describe future expectations,
plans, results, or strategies and are generally preceded by words such as "may",
"future", "plan" or "planned", "will" or "should", "expected", "anticipates",
"draft", "eventually" or "projected". You are cautioned that such statements
are
subject to a multitude of risks and uncertainties that could cause future
circumstances, events, or results to differ materially from those projected
in
the forward-looking statements, including the risks that actual results may
differ materially from those projected in the forward-looking statements as
a
result of various factors, and other risks identified in a companies' annual
report on Form 10-K or 10-KSB and other filings made by such company with the
Securities and Exchange Commission.
2
****
Contact
Public
Relations:
5W
Public
Relations
Adam
J.
Handelsman, General Manager
212-999-5585
x4319
ahandelsman@5wpr.com
Corporate
Language
Access Network, Inc. (OTC: LANW)
111
West
Rich Street
Suite
150
Columbus,
Ohio 43215
614-355-0900
info@languageaccessnetwork.com

text:
Language
Access Network

text: iBeam Solutions

text: Language Access Network Inc.

text: iBeam Solutions

text:
iBeam
Solutions

text:
iBeam
Solutions

text:
Language
Access Network

text: iBeam Solutions

text: iBeam Solutions

text:
Language Access
Network

text: Michael Guirlinger

text: iBeam Solutions

text: Language Access Network

text:
iBeam
Solutions

text: Language Access Network

text: Language Access Network

text:
Language
Access Network

text: iBeam Solutions

text:
iBeam
Solutions

text: iBeam Solutions

text: Language Access Network

text:
Language
Access Network Inc.

text:
Language Access
Network

text:
Language
Access Network


text:
EX-99.1
2
v372667_ex99-1.htm
EX-99.1
PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact:
Amanda Gillum
(606) 324-2914
POAGE BANKSHARES, INC. REPORTS FINAL
MERGER CONSIDERATION FOR TOWN SQUARE FINANCIAL CORPORATION SHAREHOLDERS
Ashland, Kentucky
- March 25, 2014. Poage Bankshares,
Inc. (NASDAQ: PBSK) (the "Company"), the holding company for Home Federal Savings and Loan Association ("Home
Federal"), today announced the cash/stock election results for its acquisition of Town Square Financial Corporation ("Town
Square") and Town Square Bank on March 18, 2014.
Under the terms of the merger agreement, 55% of the outstanding
shares of Town Square common stock must be converted into Company common stock and the remaining 45% of the outstanding shares
of Town Square common stock must be converted into cash. A shareholder cash/stock election was conducted and completed on March
18, 2014 wherein Town Square shareholders were provided the opportunity to select their preferred form of consideration, subject
to the allocation and proration procedures contained in the merger agreement and the total mix of cash/stock merger consideration
available. Town Square shareholder cash elections exceeded the 45% limitation established in the merger agreement. Consequently,
Town Square shareholders electing to receive cash were subject to the allocation and proration procedures and are receiving a portion
of their merger consideration in Poage common stock and in cash as noted below.
Based on the final election results and applying the proration
provisions set forth in the merger agreement, Town Square shareholders will receive the following based upon their election:
·
Town Square shareholders will receive 2.3289 shares of Poage common stock for each share of Town Square common stock for which
they made a valid stock election;
·
Town Square shareholders will receive approximately 0.23289 shares of Poage common stock and $30.47 in cash for each share
of Town Square common stock for which they made a valid cash election; and
·
Town Square shareholders who expressed no preference as to cash or stock consideration or who did not make a valid election
will receive 2.3289 shares of Poage common stock for each share of Town Square common stock tendered.
Under the merger agreement, fractional shares of Poage common
stock will not be issued. Instead, Town Square shareholders will receive cash in lieu of fractional shares based on the average
closing price of Poage common stock of $14.0517 for the five consecutive trading days immediately preceding the closing date of
March 18, 2014.
On or about March 26, 2014, the Company's exchange agent
will distribute on the cash consideration and a confirmation of the number of shares of Company common stock owned by former shareholders
of record of Town Square common stock to such shareholders. Questions about the distribution of merger consideration should be
addressed to the Company's exchange agent, Registrar and Transfer Company, at 1-800-368-5948.
About Poage Bankshares, Inc.
Poage Bankshares, Inc. is the savings and loan holding company
for Home Federal Savings and Loan Association (the "Association"). The Association, originally chartered in 1889 and
headquartered in Ashland, Kentucky, conducts its operations from 10 full-service banking offices located in Ashland, Flatwoods,
South Shore, Louisa, Greenup, Nicholasville, and Catlettsburg, Kentucky.
Forward-Looking Statements
This press release contains forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward looking statements may be
identified by reference to a future period or periods, or by the use of forward-looking terminology, such as "may,"
"will", "believe", "expect", "estimate", "anticipate", "continue,"
or similar terms, variations on those terms, or the negative of those terms. Forward-looking statements are subject to numerous
risks and uncertainties, including, but not limited to, those related to the economic environment, particularly in the market areas
in which the Company operates, competitive products, and pricing, fiscal and monetary policies of the U.S. Government, changes
in government regulations affecting financial institutions, changes in prevailing interest rates, acquisitions and the integration
of acquired businesses, credit risk management, asset-liability management, the financial and securities markets and the availability
of and costs associated with sources of liquidity. The Company wishes to caution readers not to place undue reliance on any such
forward-looking statements, which speak only as of the date made. The Company does not assume any duty to update forward-looking
statements.

text: POAGE BANKSHARES, INC.

text: TOWN SQUARE FINANCIAL CORPORATION

text:
Poage Bankshares,
Inc.

text: Town Square Financial Corporation

text:
Town
Square

text: Town Square Bank

text: Town Square

text: Town Square

text: Town Square

text: Town Square

text: Town Square

text: Town Square

text: Town Square

text: Town Square

text: Town Square

text: Town Square

text: Town Square

text: Town Square

text: Town Square

text: Town Square

text: Poage Bankshares, Inc.

text: Poage Bankshares, Inc.


text:
EX-99.2
13
myps-06252021xex992.htm
EX-99.2
Document
Exhibit 99.2
PLAYSTUDIOS AND ACIES COMPLETE BUSINESS COMBINATION,
WILL BEGIN TRADING ON NASDAQ AS "MYPS"
Public listing positions mobile gaming leader to accelerate product development and pursue acquisitions
LAS VEGAS & MANHATTAN BEACH, Calif., June 21, 2021 - PLAYSTUDIOS, Inc. ("PLAYSTUDIOS" or the "Company"), an award-winning developer of free-to-play casual mobile and social games that offer real-world rewards to loyal players, announced today that it has completed its previously announced business combination (the "Business Combination") with Acies Acquisition Corp. (Nasdaq: ACAC, ACACU, ACACW) ("Acies"). The Business Combination was approved at a special meeting of Acies' shareholders on June 17, 2021 and the combined company changed its name to PLAYSTUDIOS, Inc.
Beginning on Tuesday, June 22, 2021, PLAYSTUDIOS' Class A Common Stock and warrants will trade on the Nasdaq under the ticker symbols "MYPS" and "MYPSW", respectively. With approximately $220 million in cash(1), PLAYSTUDIOS is poised to accelerate the company's growth initiatives, which include substantially expanding product development and acquisitions of other gaming and related companies.
PLAYSTUDIOS has developed a portfolio of beautifully designed, top-ranked games that have attracted a loyal following due, in part, to the company's unmatched playAWARDS Loyalty Program, which allows players to earn real-world rewards from a curated collection of over 95 partners and 290 entertainment, retail, travel, leisure, and gaming brands. To date, the PLAYSTUDIOS community has used its in-app loyalty points to purchase over 11 million rewards with a retail value of nearly $500 million. The Company was honored with a 2021 Top Publisher Awards by App Annie, the gaming industry's leader in app analytics and aggregated app performance data.
PLAYSTUDIOS is led by Founder, Chairman, and Chief Executive Officer Andrew Pascal, who will continue to lead the combined company along with his current founder-led management team. The Board of Directors will initially consist of six members, including Andrew Pascal, William Hornbuckle, James Murren, Jason Krikorian, Judy K. Mencher, and Joe Horowitz.
"As PLAYSTUDIOS enters this exciting new chapter in our history, we are uniquely positioned to accelerate our growth within the robust games market", Mr. Pascal said. "Our listing on Nasdaq is a testament to the enormous opportunity ahead of us as we leverage our strengthened capital position and institutional support to launch new products, pursue new acquisition opportunities, and scale up our unique playAWARDS loyalty program".
J.P. Morgan and LionTree Advisors acted as financial advisors to PLAYSTUDIOS and Davis Polk acted as the company's legal advisor. Morgan Stanley acted as capital markets advisor to Acies Acquisition Corp., and Latham & Watkins LLP acted as its legal advisor. J.P. Morgan, LionTree Advisors, Morgan Stanley, and Oppenheimer & Co. acted as placement agents for the PIPE.
About PLAYSTUDIOS Inc.
PLAYSTUDIOS is the developer and operator of award-winning free-to-play casual games for mobile and social platforms. The company's collection of original and published titles is powered by its groundbreaking playAWARDS loyalty marketing platform, which enables players to earn real-world rewards from a portfolio of global entertainment, retail, technology, travel, leisure, and gaming brands across 17 countries and four continents. Founded by a team of veteran gaming, hospitality, and technology entrepreneurs, PLAYSTUDIOS brings together beautifully designed mobile gaming content with an innovative loyalty platform in order to provide its players with an unequaled entertainment experience and its partners with actionable business insights. To learn more about PLAYSTUDIOS, visit https://playstudios.com.
About Acies Acquisition Corp.
Acies Acquisition Corp. (Nasdaq: ACAC) is a newly organized blank check company, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company was established in October 2020 to focus on identifying a business combination target within the live, location-based and mobile experiential entertainment industries. To learn more about Acies, visit https://aciesacq.com.
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the listing of the Company's Class A common stock and the Company's warrants on the Nasdaq. The company's actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward looking statements as predictions of future events. Words such as "expect", "estimate", "project", "budget", "forecast", "anticipate", "intend", "plan", "may", "will", "could", "should", "believes", "predicts", "potential", "continue", and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.
(1) Cash and cash equivalents expected to be reflected on the unaudited pro forma combined balance sheet of Acies and PLAYSTUDIOS as of March 31, 2021 after giving effect to the Business Combination to be filed with the U.S. Securities and Exchange Commission
Most of these factors are outside the company's control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the ability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the ability of the company to grow and manage growth profitably, and retain its key employees; (2) costs related to the business combination; (3) the inability to maintain listing of the company's shares on the Nasdaq; (4) the company's ability to execute its business plan and meet its projections; (5) the outcome of any legal proceedings that may be instituted against the company; (6) the impact of COVID-19 on the company's business; (7) the company's transition to becoming a public company including the associated expenses and the impact of public financial and other disclosures on its negotiations and arrangements with key counterparties; (8) changes in applicable laws or regulations; (9) general economic, business, and/or competitive factors; and (10) other risks and uncertainties included from time to time in the company's other filings with the U.S. Securities and Exchange Commission (the "SEC"). Additional information will be made available in other filings that the company makes from time to time with the SEC. In addition, any forward-looking statements contained in this press release are based on assumptions that the company believes to be reasonable as of this date. The company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law.
SOURCE: PLAYSTUDIOS, Inc.
Investor Relations
Jacques Cornet
IR@playstudios.com
Media Relations
Doug Donsky / Amy Rossetti
media@playstudios.com
Acies Acquisition Corp.
info@aciesacq.com

text: PLAYSTUDIOS

text: ACIES

text: PLAYSTUDIOS, Inc.

text: PLAYSTUDIOS

text: Acies Acquisition Corp.

text: Acies

text: Acies

text: PLAYSTUDIOS, Inc.

text: PLAYSTUDIOS

text: PLAYSTUDIOS

text: PLAYSTUDIOS

text: PLAYSTUDIOS

text: PLAYSTUDIOS

text: PLAYSTUDIOS

text: J.P. Morgan

text: LionTree Advisors

text: PLAYSTUDIOS

text: Davis Polk

text: Morgan Stanley

text: Acies Acquisition Corp.

text: Latham & Watkins LLP

text: J.P. Morgan

text: LionTree Advisors

text: Morgan Stanley

text: Oppenheimer & Co.

text: PLAYSTUDIOS

text: PLAYSTUDIOS

text: PLAYSTUDIOS

text: Acies Acquisition Corp.

text: Acies Acquisition Corp.

text: Acies

text: Acies

text: PLAYSTUDIOS

text: PLAYSTUDIOS, Inc.

text: Acies Acquisition Corp.


text:
EX-99.3
10
basic8kex993020205.txt
PRESS RELEASE DATED FEBRUARY 3, 2005
Exhibit 99.3
Contact:
China Tailong Holdings Company, LTD.
Carl Thompson
CTA Public Relations
1-303-665-4200
carl@ctapr.com
China Tailong, LTD. Completes Going Public Transaction
Heilongjiang Province, China--(BUSINESS WIRE)--February 3, 2005--Basic Empire
Corporation. (OTCBB: BSEC.OB) ("BSEC") announced today the closing of a stock
exchange transaction with China Tailong Holdings Company, LTD., a Hong Kong
company ("Tailong"). The companies will operate on a consolidated basis,
executing upon the current business plan of Tailong's 90% owned subsidiary
located in the People's Republic of China ("PRC"). As a result of the share
exchange transaction, Tailong's stockholders were issued 10,606,158 shares of
BSEC's common stock representing in the aggregate 90% of BSEC's 11,784,620
issued and outstanding shares of common stock immediately following the closing.
As a result of the exchange transaction, Mr. Yu Chang was appointed to the Board
of Directors of BSEC, and Mr. Chang, as well as other senior management of
Tailong, were elected as executive officers of BSEC upon the resignation of the
company's sole executive. BSEC's shares are listed on the Over-the-Counter (OTC)
Bulletin Board under the symbol, BSEC.OB.
Tailong, through its 90% owned PRC subsidiary, manufactures and markets a series
of compound liquid fertilizer products, including a series of liquid organic
fertilizers and crop-specific fertilizers, customized to its clients'
specifications. All of the products are residue and hormone free and can be used
in organic agricultural production.
Based on the unaudited proforma consolidated financials for the nine month
period ended September 30, 2004, Tailong generated approximately $13.01 million
in gross revenues and $2.93 million in net income. For the year ended December
31, 2003, Tailong had revenues of approximately $12.18 million and net income of
$1.81 million. In 2002 revenues were approximately $6.41 million and net income
was $1.51 million.
Mr. Yu Chang, Chief Executive Officer of BSEC, stated, "We want to thank our
financial advisor, Halter Financial Group, for their assistance with the going
public transaction. We believe that by being given the opportunity to access the
US capital markets we can capitalize on what we believe to be growth
opportunities in our business".
FORWARD LOOKING STATEMENTS
This release contains certain "forward-looking statements" relating to the
business of BSEC and its subsidiary companies, which can be identified by the
use of forward-looking terminology such as "believes, expects" or similar
expressions. Such forward looking statements involve known and unknown risks and
uncertainties, including all business uncertainties relating to product
development, marketing, regulatory actions or delays, the ability to obtain or
maintain intellectual property protection, market acceptance, third party
reimbursement, future capital requirements, competition in general and other
factors that may cause actual results to be materially different from those
described herein as anticipated, believed, estimated or expected. Certain of
these risks and uncertainties are or will be described in greater detail in our
filings with the Securities and Exchange Commission. BSEC is under no obligation
to (and expressly disclaims any such obligation to) update or alter its
forward-looking statements whether as a result of new information, future events
or otherwise.

text: China Tailong Holdings Company, LTD.

text:
Basic Empire
Corporation

text: China Tailong Holdings Company, LTD.

text: Yu Chang

text: Yu Chang

text: Halter Financial Group


text:
EX-99.1
2
ex991-announcementofmusaac.htm
EXHIBIT 99.1
Exhibit
Exhibit 99.1
NEWS RELEASE
FOR IMMEDIATE RELEASE
Synalloy Corporation Closes on the Purchase of Marcegaglia USA's Stainless Steel Pipe and Tube Operations
Richmond, Virginia., March 1, 2017 (GLOBE NEWSWIRE) - Synalloy Corporation (Nasdaq: SYNL) today announced that its subsidiary Bristol Metals, LLC, has closed on the purchase of Marcegaglia USA's stainless steel pipe and tube operations. The purchase price for the transaction of $14.95 million includes primarily the stainless steel pipe and tube manufacturing equipment and inventory assets of the business.
The combined business will operate as Bristol Metals, LLC, with facilities in Bristol, TN and Munhall, PA. The new Bristol Metals, LLC will be the largest domestic producer of welded stainless steel pipe and mechanical tube in North America, with market share approaching 40%. Craig Bram, President and CEO of Synalloy Corporation noted, "The combined capacity of the two operations will exceed 70 million pounds annually across all product lines. At 2014 pricing and demand levels, the new Bristol Metals, LLC has the potential to generate in excess of $150 million in annual revenue".
Kyle Pennington, President of Synalloy Metals said, "We will spend the balance of 2017 integrating the sales and operations of the two companies and expect a smooth transition. Best practices and procedures will be adopted from both operations to ensure the highest in product quality and service to our customers. The acquisition of Marcegaglia USA's laser and TIG mills enhances our on-going business with additional capacity and technological advantages. Bristol Metals, LLC will have the most extensive product line and capacity in the industry. We can now offer a full range of tubing products to support our new heavy wall capabilities and traditional welded pipe markets. We are well positioned compared to other competitors supplying our markets".
Forward-Looking Statements
Statements included herein that are not historical in nature, are intended to be, and are hereby identified as "forward-looking statements" within the meaning of federal securities laws. These forward-looking statements are based on current expectations, estimates and projections about our industry, our business, our customer relationships, management's beliefs and assumptions made by management. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict and, in many cases, are beyond the control or knowledge of management. Therefore, actual results may differ materially from those expressed or forecasted in such forward-looking statements. We undertake no obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise. Additional information concerning some of the factors that could cause materially different results is included in our reports on Forms 10-K, 10-Q and 8-K filed with the Securities and Exchange Commission. Such reports are available from the Securities and Exchange Commission's public reference facilities and its website, www.sec.gov.
CONTACT: Dennis Loughran at (804) 822-3266

text: Synalloy Corporation

text: Synalloy Corporation

text: Craig Bram

text: Synalloy Corporation

text: Kyle Pennington


text:
EX-99.1
5
v192465_ex99-1.htm
1245
"Q" Street
Lincoln,
NE 68508
Phone: 402-475-2525
Fax: 402-475-9061
Contact:
Patrick
E. Beans
Chief
Financial Officer
402-475-2525
NATIONAL
RESEARCH CORPORATION
ACQUIRES
OUTCOME CONCEPT SYSTEMS, INC.
LINCOLN,
Nebraska (August 3, 2010) - National Research Corporation (NASDAQ:NRCI) today
announced it has acquired, via stock purchase agreement, Outcome Concept
Systems, Inc. (OCS), a privately-held healthcare informatics firm, in
an all-cash transaction.
OCS is a
leading provider of clinical, financial and operational benchmarks and analytics
to home care and hospice providers. OCS works with over 2,000 care
providers throughout the United States and is based in Seattle,
Washington. OCS delivers what it believes to be, the most robust
benchmarking database available to the home care and hospice marketplace,
complete with web-based tools, analytics, and knowledge resources to support
improvement in organizational performance through evidence-based
practice.
Commenting
on the acquisition, Michael D. Hays, president and chief executive officer of
National Research Corporation, said, "OCS is the leader in the home care and
hospice markets which complements and expands NRC product offerings across the
continuum of care. Under health reform, where the silos of care
delivery will merge, having thought leadership in all care settings is a clear
competitive advantage for NRC".
Amanda
Twiss, president, chief executive officer and co-founder of OCS, said, "This
relationship offers OCS clients a tremendous opportunity to rapidly enhance our
products for home care and hospice clients. Our focus is on
leveraging proprietary data assets and best of breed technology to give clients
a clear strategic advantage in the evolving healthcare market. In
addition, the OCS product portfolio leveraged across NRC clients, most notably
the 7,000 long-term care providers, creates an exciting new market for OCS
benchmarking products".
Pat
Beans, chief financial officer of National Research Corporation, added, "We
expect this acquisition to be immediately accretive to NRC's 2010
earnings. The estimated 2010 total contract value at closing for OCS
is $7.4 million".
Founded
in 1992, OCS will remain in Seattle, Washington, and Amanda Twiss will remain
president of the organization.
NRCI
Announces OCS Acquisition
Page
2
August 3,
2010
National Research Corporation,
headquartered in Lincoln, Nebraska, is a leading provider of performance
measurement, improvement services and governance education to the healthcare
industry in the United States and Canada.
This press release includes
"forward-looking" statements related to National Research Corporation ("the
Company") that can generally be identified as describing the Company's future
plans, objectives or goals. Such forward-looking statements are
subject to risks and uncertainties that could cause actual results or outcomes
to differ materially from those currently anticipated. These
forward-looking statements are made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. For further
information about the factors that could affect the Company's future results,
please see the Company's filings with the Securities and Exchange
Commission.
-END-

text:
Patrick
E. Beans

text:
NATIONAL
RESEARCH CORPORATION

text: OUTCOME CONCEPT SYSTEMS, INC.

text: National Research Corporation

text:
Outcome Concept
Systems, Inc.

text: Michael D. Hays

text: National Research Corporation

text:
Amanda
Twiss

text:
Pat
Beans

text: National Research Corporation

text: Amanda Twiss

text: National Research Corporation

text: National Research Corporation


text:
EX-99.4
7
e73780ex99-4.htm
PRESS RELEASE
Exhibit 99.4
CIT COMPLETES SALE OF JOINT VENTURE
STAKE IN TC-CIT AVIATION
JV partner Tokyo Century Corporation
purchased stake in full
NEW YORK
- April 3, 2017 - CIT Group Inc. (NYSE:
CIT) today announced that it completed the sale of its 30 percent ownership stake in the commercial aircraft leasing joint ventures
TC-CIT Aviation Ireland and TC-CIT Aviation U.S., Inc. to its joint venture partner Tokyo Century Corporation (TC).
"We are pleased to have completed the sale of our joint venture
stake in TC-CIT, and we value the long-standing partnership we have built with Tokyo Century Corporation", said CIT Chairwoman
and Chief Executive Officer Ellen R. Alemany. "The completion of this transaction aligns with our strategy to simplify the
company and focus on our goal of being the leading national bank for specialty lending and leasing to the middle market and small
businesses".
The TC-CIT joint ventures were established in October 2014 through
a 70 percent equity contribution by TC and 30 percent equity contribution by CIT.
Separate from the TC-CIT transaction, CIT announced in October 2016
that it reached a definitive agreement to sell its Commercial Air leasing business to Avolon Holdings Limited (Avolon), the international
aircraft leasing company and a wholly-owned subsidiary of Bohai Capital Holding Co. Ltd. CIT aims to complete the Commercial Air
transaction in the near term.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable federal securities laws that are based
upon our current expectations and assumptions concerning future events, which are subject to a number of risks and uncertainties
that could cause actual results
to differ materially from those anticipated. The words "expect,"
"anticipate", "estimate", "forecast", "initiative", "objective", "plan,"
"goal", "project", "outlook", "priorities", "target", "intend", "evaluate,"
"pursue", "commence", "seek", "may", "would", "could", "should,"
"believe", "potential", "continue", or the negative of any of those words or similar expressions
is intended to identify forward-looking statements. Important factors that could cause future events to be materially different
from our expectations include, among others, the risk that the transaction does not close or that there are changes in the
anticipated timing for closing the transaction. We describe these and other risks that could affect our results in Item 1A, "Risk
Factors", of our latest Annual Report on Form 10-K for the year ended December 31, 2016, which was filed with the Securities
and Exchange Commission. Accordingly, you should not place undue reliance on the forward-looking statements contained in this
press release. These forward-looking statements speak only as of the date on which the statements were made. CIT undertakes no
obligation to update publicly or otherwise revise any forward-looking statements, except where expressly required by law.
EDITOR'S NOTE:
CIT thought leadership content can be found at the Knowledge
Center on CIT.com (
cit.com/knowledgecenter
) and our
CIT Point of View
blog (
cit.com/pov
). View our corporate
video (
cit.com/corporatevideo
) and follow us on
Twitter
,
LinkedIn
,
YouTube
and
Facebook
.
Register
to receive press releases at
cit.mediaroom.com/email-alerts
.
About CIT
Founded in 1908, CIT (NYSE: CIT) is a financial holding company
with $64 billion in assets. Its principal bank subsidiary, CIT Bank, N.A., (Member FDIC, Equal Housing Lender) has more than $30
billion of deposits and more than $40 billion of assets. It provides financing, leasing, and advisory services principally to middle-market
companies across a wide variety of industries primarily in North America, and equipment financing and leasing solutions to the
transportation sector. It also offers products and services to consumers through its Internet bank franchise and a network of retail
branches in Southern California, operating as OneWest Bank, a division of CIT Bank, N.A. cit.com
CIT MEDIA RELATIONS:
Gina Proia
212-771-6008
Gina.Proia@cit.com
CIT INVESTOR RELATIONS:
Barbara Callahan
973-740-5058
Barbara.Callahan@cit.com

text: CIT

text: Tokyo Century Corporation

text: CIT Group Inc.

text: CIT

text: TC-CIT Aviation Ireland

text: TC-CIT Aviation U.S., Inc.

text: Tokyo Century Corporation

text: Tokyo Century Corporation

text: CIT

text: CIT

text: CIT

text: CIT

text: CIT

text: CIT

text: CIT

text: CIT

text: CIT

text: CIT

text: CIT

text: CIT

text: CIT

text: CIT


text:
EX-99.1
2
qumu142503_ex99-1.htm
PRESS RELEASE DATED JULY 1, 2014
Exhibit 99.1
Qumu Corporation Closes Sale of Disc Publishing Assets
High Growth Software Business Now Sole Focus
Transaction Adds Significant Cash to Qumu's Balance Sheet
Minneapolis,
MN - July 1, 2014 -
Qumu
Corporation (NASDAQ: QUMU), a leader in enterprise video platforms, today
announced the closing of its previously announced all-cash sale of the Rimage
disc publishing assets to Redwood Acquisition, Inc., a wholly-owned subsidiary
of Equus Holdings, Inc. Redwood Acquisition is now known as Rimage Corporation.
The completion of this transaction enables Qumu to focus effort and resources
exclusively on the Company's high growth enterprise video content management
software business, which has been recognized as a leader by several industry
analysts including Gartner
®
and Forrester
®
.
"Today marks a milestone in Qumu's
transformation into a high growth software company with video solutions that
are considered best of class by our customers and independent industry
analysts", said Sherman Black, president and CEO. "The completion of the sale
of our disc publishing assets required a tremendous amount of work by our
organization and Equus and we deeply appreciate the efforts put forward by both
teams. In addition, and equally important, we appreciate the overwhelming
support our shareholders provided us with their vote. Our Qumu team is now
totally focused, and dedicated, to capitalizing on the significant market
opportunity we have in delivering video for the enterprise, particularly
through mobile and cloud applications".
The completion of this transaction provides
Qumu with approximately $19 to $20 million in net cash after closing costs,
post-closing adjustments, taxes and the assumed return of the $2.3 million, 15
month escrow.
Forward-Looking Statements
This press release contains forward-looking statements that
are made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Any statements contained in this press release
that are not statements of historical fact may be deemed to be forward-looking
statements. Without limiting the foregoing, words such as "may", "will,"
"expect", "believe", "anticipate", or "estimate" or comparable terminology are
intended to identify forward-looking statements. Actual results might differ
materially from those stated or implied by such forward-looking statements due
to risks and uncertainties associated with the transaction and the Company's
business, including the risk that the escrowed funds are subject to reduction
to satisfy indemnification claims under the purchase agreement; the effects of
disruption from the transaction, making it more difficult to maintain
relationships with employees, customers, suppliers and other business partners
of our software business; risks related to Qumu's ability to operate its
retained software business; the challenges associated with transitioning the
software business and disc publishing business to separate, stand alone
operations following closing; and the factors discussed in the Company's Annual
Report on Form 10-K for the year ended December 31, 2013 filed with the SEC.
1
About Qumu
Qumu Corporation (NASDAQ: QUMU) provides the
tools businesses need to create, manage, secure, distribute and measure the
success of their videos. Qumu's innovative solutions release the power in video
to engage and empower employees, partners and clients. Qumu helps thousands of
organizations around the world realize the greatest possible value from video
and other rich content they create and publish. Whatever the audience size,
viewer device or network configuration, Qumu solutions are how business does
video. Additional information can be found at
www.qumu.com
.
About Rimage
Rimage Disc Publishing (
www.rimage.com
)
offers industry-leading digital publishing solutions to archive, distribute and
protect content on CDs, DVDs and Blu-ray Discs to more than 10,000 customers
around the world. Key markets and applications for its products include video
workflows, retail, medical imaging and law enforcement.
About Equus Holdings
Equus is proud to be one of America's largest
computing system manufacturers. Since 1989, Equus has delivered more than three
million build-to-order and ready-to-ship computing systems through its reseller
channel and
Serversdirect.com
web store. Equus has prospered
because of its ability to boost efficiencies, adopt the latest technologies,
and provide the highest quality solutions. As an experienced ISO 9001-certified
systems builder, Equus continues to be a trusted and valued partner to solution
providers by offering high-quality IT solutions combined with consistent and
efficient delivery and service. By anticipating technology trends, Equus helps
it customers prepare for market changes and new opportunities.
Investor Contacts
Media
James Stewart
Pete Steege
Chief Financial Officer
Director of Marketing Communications
Qumu Corporation
Qumu Corporation
952.683.7900
952.683.7879
Doug Sherk
Janine McCargo
EVC Group
EVC Group
415.652.9100
646.688.0425
Equus
Contacts
Jay Swenson
Vice President,
Marketing Services
Equus Corporate
Services
612.617.6245
2

text: Qumu Corporation

text:
Qumu
Corporation

text: Redwood Acquisition, Inc.

text: Sherman Black

text: Qumu Corporation

text: Pete Steege

text: Qumu Corporation

text: Qumu Corporation

text: Jay Swenson


text:
EX-99.1
5
ex99_1.htm
CleanSpark Completes Strategic
Acquisition of p2klabs Inc.
SALT LAKE CITY, Feb. 06, 2020 (GLOBE
NEWSWIRE) - CleanSpark, Inc. (Nasdaq: CLSK), a software company with advanced engineering, software and controls for innovative
microgrid and distributed energy resource management systems today announced it has completed the acquisition of all of the issued
and outstanding shares of p2klabs, Inc. a design and innovation consulting firm that specializes in applying design, technology,
and business process methodologies to create intuitive digital experiences and journeys that help transform and grow businesses.
"This acquisition will enable CleanSpark to continue
to accelerate the development and deployment of our software platforms and significantly expand our sales and marketing capabilities.
This strategic move will bring significantly increased software revenues, and the integration of the talented p2k team will allow
us to reduce our operating expenses. We have been working with p2klabs for the past several months and have been impressed with
their capabilities. It was quickly apparent that an acquisition of p2k's technologies and team was the right move".
said CEO of CleanSpark, Zach Bradford.
Mr. Bradford continued, "We are projecting that
the acquisition will add up to $2,000,000 in additional revenue related to the acquired business in the coming year. We will also
be adding significant depth in software sales experience and will be enhancing our top-tier sales and marketing team. Mr. Amer
Tadayon will join the CleanSpark executive team as the Company's Chief Revenue Officer to oversee this enhanced business
development strategy. Mr. Tadayon has more than 25 years of experience working with world-class companies including IBM, Cognizant
and Frog Design".
Mr. Tadayon commented "We are excited to join the
CleanSpark family of personnel and technologies and to help further innovate on their product offerings, as well as to make available
an even more diverse set of services to their existing client base".
Mr. Bradford concluded, "We've identified
the opportunity to maximize the value of our offering, internalize what would otherwise be expenses, and diversify our ability
to better serve our valued clients. We also plan to add further strategic acquisitions in the near future to continue to build
the Company's reach and capabilities".
About CleanSpark:
CleanSpark provides advanced energy
software and control technology that enables a plug-and-play enterprise solution to modern energy challenges. Our services consist
of intelligent energy monitoring and controls, microgrid design and engineering, microgrid consulting services and turn-key microgrid
implementation services. CleanSpark's software allows energy users to obtain resiliency and economic optimization. Our software
is uniquely capable of enabling a microgrid to be scaled to the user's specific needs and can be widely implemented across commercial,
industrial, military, agricultural and municipal deployment.
About p2kLabs Inc:
P2K Labs is a design and innovation
consulting firm that specializes in applying design, technology, and business process methodologies to create intuitive digital
experiences and journeys that help transform and grow businesses.
Forward-Looking Statements:
CleanSpark cautions you that statements
in this press release that are not a description of historical facts are forward-looking statements. These statements are based
on CleanSpark's current beliefs and expectations. The inclusion of forward-looking statements should not be regarded as a representation
by CleanSpark that any of our plans will be achieved. Actual results may differ from those set forth in this press release due
to the risk and uncertainties inherent in our business, including, without limitation: the ability to successfully integrate p2k
into CleanSpark's business and operations, the expectations of future revenue growth may not be realized, demand for our
software products; and other risks described in our prior press releases and in our filings with the Securities and Exchange Commission
(SEC), including under the heading "Risk Factors" in our Annual Report on Form 10-K and any subsequent filings with the
SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof,
and we undertake no obligation to revise or update this press release to reflect events or circumstances after the date hereof.
All forward-looking statements are qualified in their entirety by this cautionary statement, which is made under the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Contact - Investor Relations:
Shawn Severson
Integra Investor Relations
(415) 233-7094
info@integra-ir.com
2

text: CleanSpark

text: p2klabs Inc

text: CleanSpark, Inc.

text: p2klabs, Inc.

text: CleanSpark

text: CleanSpark

text:
Amer
Tadayon

text: CleanSpark

text: CleanSpark

text: CleanSpark

text: CleanSpark

text: CleanSpark

text: p2kLabs Inc

text: CleanSpark

text: CleanSpark

text: CleanSpark

text: CleanSpark


text:
EX-99.1
10
rd7956ex991.htm
EXHIBIT 99.1
EXHIBIT 99.1
Radiation Therapy Services Acquires Facility Network in Michigan
- Second New Local Market Entry in 2006 -
- Significant Technology Implementation Opportunity -
FORT MYERS,
Fla., Nov. 16 /PRNewswire-FirstCall/ -- Radiation Therapy Services, Inc.
(Nasdaq: RTSX), a leading operator of radiation therapy centers, announced today
it has acquired a cluster network of radiation therapy treatment centers in
Southeastern Michigan, collectively known as MIRO Cancer Centers and Michigan
Comprehensive Cancer Institute (MIRO/MCCI), its second new local market entry in
2006. The acquisition follows the Company's entry into the Los Angeles
local market in April.
The seven-facility network consists of two full service facilities, five satellite facilities and Certificates of Need to operate a total of eight linear accelerators. The acquisition provides the Company with a substantial opportunity to implement advanced technologies across the network. Current advanced technology used at the acquired centers consist of two IMRT-capable facilities with a utilization of less than 25% and IGRT capability that is currently limited to ultrasound technology. The Company plans to implement advanced technologies, including IMRT and x-ray based IGRT, at certain of the centers.
The network currently treats a total of approximately 100 patients per day and the facilities generate annual global revenues of approximately $14.0 million.
The acquisition was financed by the Company's existing revolving credit facility and the Company did not assume any debt in the transaction. Following this transaction, the remaining availability on the credit facility totaled approximately $76 million. Additional information on the acquisition can be found in the Company's Form 8-K filed with the Securities and Exchange Commission.
As part of the acquisition, the Chief Executive of the seven acquired facilities, Dr. Farideh R. Bagne, will remain in a transitional executive management role to assist in integrating the acquired facilities into the Radiation Therapy operating structure.
Dr. Daniel Dosoretz, President and Chief Executive Officer, said, "This acquisition is strategically significant in a number of important ways. First, it provides us with a strong and immediate presence in a new local market. The seven centers are clustered with close proximity to one another, allowing us to leverage our resources. The opportunity to implement advanced technologies across these facilities is substantial. We expect our expertise in implementing advanced technologies to give us the ability to expand the centers' capability to treat new types of cancer across a broader patient population, which we anticipate would promote robust growth in patients treated and long-term revenues. Lastly, Michigan is a state that requires Certificate of Need to operate linear accelerators, a significant competitive barrier to entry. Eight CONs are being acquired in this transaction, which gives us a
strong competitive position in this new local market".
About Radiation Therapy Services
Radiation Therapy Services, Inc., which operates radiation treatment centers primarily under the name 21st Century Oncology, is a provider of radiation therapy services to cancer patients. The Company's 76 treatment centers are clustered into 24 local markets in 15 states, including Alabama, Arizona, California, Delaware, Florida, Kentucky, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Rhode Island and West Virginia. The Company is headquartered in Fort Myers, Florida. More information about the Company can be found at its Web site www.rtsx.com. RTSXG
This release may contain forward-looking statements about the Company's future plans, expectations and objectives, including, but not limited to, the Company's future plans regarding the facilities and the likelihood of future success in the new market. Words such as "may", "will", "expect", "intend", "anticipate", "plan", "believe", "seek", "could" and "estimate" and variations of these words and similar expressions are intended to identify forward-looking statements. These forward-looking statements are not historical facts and are subject to risks and uncertainties that could cause the actual results to differ materially from those projected in these forward-looking statements including, but not limited to the Company's ability to successfully integrate the acquired facilities,
those risk factors described in the "Risk Factors" section and other information in the Company's most recently filed quarterly report on Form 10-Q and annual report on Form 10-K, as well as the Company's other filings with the Securities and Exchange Commission which are available on the SEC's website at www.sec.gov. Readers of this release are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to publicly update or revise the forward-looking statements contained herein to reflect changed events or circumstances after the date of this release.
Contacts:
Dave Koeninger
Chief Financial Officer
Radiation Therapy Services, Inc.
239-931-7282
dkoeninger@rtsx.com
Investors/Media:
Nick Laudico/Jason Rando
The Ruth Group
646-536-7030/7025
nlaudico@theruthgroup.com
jrando@theruthgroup.com
SOURCE Radiation Therapy Services, Inc.
-0- 11/15/2006
/CONTACT: Dave Koeninger, Chief Financial Officer of Radiation Therapy Services, Inc., +1-239-931-7282, dkoeninger@rtsx.com; or Investors, Nick Laudico, +1-646-536-7030, nlaudico@theruthgroup.com, or Media, Jason Rando, +1-646-536-7025, jrando@theruthgroup.com, both of The Ruth Group/
/Web site: http://www.rtsx.com /

text: Radiation Therapy Services

text: Radiation Therapy Services, Inc.

text: MIRO Cancer Centers

text:
Michigan
Comprehensive Cancer Institute

text: Farideh R. Bagne

text: Daniel Dosoretz

text: Radiation Therapy Services

text: Radiation Therapy Services, Inc.

text: Dave Koeninger

text: Radiation Therapy Services, Inc.

text: Radiation Therapy Services, Inc.

text: Dave Koeninger

text: Radiation Therapy Services, Inc.


text:
EX-99.2
3
a18-39835_1ex99d2.htm
EX-99.2
Exhibit 99.2
NEWS RELEASE
FOR IMMEDIATE RELEASE
CONTACT
:
ATN International, Inc.
November 8, 2018
Justin D. Benincasa
Chief Financial Officer
978-619-1300
ATN Closes Sale of U.S. Solar Portfolio
Beverly, MA
(November 8, 2018) - ATN (NASDAQ: ATNI) announced today that its subsidiary Ahana Renewables, LLC ("Ahana"), has sold its distributed generation solar power systems in Massachusetts, California, and New Jersey to CleanCapital Holdco 4, LLC ("CleanCapital"), a financial technology investor in clean energy. Ahana sold its 28 commercial solar projects at 60 sites with an aggregate 46.9 megawatts of electricity generating capacity for an estimated total transaction value of $122 million, inclusive of debt assumption and subject to certain estimated post-closing adjustments.
ATN and Ahana were advised by MVP Capital, LLC and Morgan, Lewis & Bockius, LLP on this transaction.
About Ahana Renewables
Ahana Renewables, a subsidiary of ATN International, Inc., is a specialized investment firm focused on alternative energy and long-lived real assets. The company brings its experience to various infrastructure asset classes, capitalizing on bankable technology and strong project fundamentals. Ahana Renewables' core expertise lies in deal sourcing, public/private contract negotiations and financial structuring to take controlling, owner/operator positions in projects and portfolios. Headquartered in San Francisco with offices and affiliates in Massachusetts, Singapore, and Hyderabad, the company currently operates distributed solar portfolios in India. More information is available at www.ahanarenewables.com.
About ATN
ATN International, Inc. (Nasdaq: ATNI), headquartered in Beverly, Massachusetts, invests in and operates communications, energy and technology businesses in the United States and internationally, including the Caribbean region and Asia-Pacific, with a particular focus on markets with a need for significant infrastructure investments and improvements. Our operating subsidiaries today primarily provide: (i) advanced wireless and wireline connectivity to residential and business customers, including a range of mobile wireless solutions, high speed internet services, video services and local exchange services, (ii) distributed solar electric power to corporate and government customers and (iii) wholesale communications infrastructure services such as terrestrial and submarine fiber optic transport, communications tower facilities, managed mobile networks, and in-building systems. For more information, please visit www.atni.com.
* * * *

text: ATN

text: Justin D. Benincasa

text: ATN

text: ATN

text: Ahana Renewables, LLC

text: Ahana

text: CleanCapital Holdco 4, LLC

text: Ahana

text: ATN

text: Ahana

text: MVP Capital, LLC

text: Morgan, Lewis & Bockius, LLP

text: ATN

text: ATN

text: ATN


text:
EX-99.1
10
exhibit9.htm
EX-99.1
EX-99.1
Contact: Jill Swartz
NNN Realty Advisors, Inc.
1551 N. Tustin Ave., Suite 300
Santa Ana, CA 92705
714-667-8252 ext.251
jswartz@nnnrealtyadvisors.com
NNN APARTMENT REIT ACQUIRES
TOWNE CROSSING APARTMENTS IN MANSFIELD, TEXAS
Santa Ana, California, August 31, 2007
- NNN Apartment REIT, Inc. has acquired Towne Crossing
Apartments in Mansfield, Texas. The acquisition closed on August 29, 2007.
Towne Crossing is a 268-unit multifamily property totaling nearly 232,000 square feet in the
Dallas/Fort Worth suburb of Mansfield, Texas. Completed in 2004, the property consists of 12
three-story apartment buildings and a clubhouse situated on more than 17 acres. The gated community
offers six floor plans ranging in size from 659-square-foot one bedroom/one bath units to
1,202-square-foot three bedroom/two bath units. Unit amenities include washer/dryer connections,
crown molding, and either private balconies or patios. Community amenities include a swimming pool
with a fountain and spa, laundry facilities, barbeque/picnic area, and a clubhouse with a 24-hour
fitness center.
Towne Crossing is located 20 miles from downtown Dallas and 18 miles from downtown Fort Worth. The
property provides 482 parking spaces, including 210 carports and 58 attached garages. A variety of
retail, commercial and entertainment amenities are located near the property, which is 96 percent
occupied.
Money Magazine and CNN Money recently added the city of Mansfield to its annual list of Best Places
to Live in America. According to the Mansfield Economic Development Corporation, the city's quality
of life is among the highest in the Dallas/Fort Worth metroplex. The average new single-family home
built in 2006 was valued at more than $239,000; and the average annual family income is estimated
to be $91,878.
Mansfield has experienced substantial population and economic growth in recent years. According to
statistics provided by the United States Census Bureau, the population of Mansfield increased from
28,031 in 2000 to nearly 52,000 in 2007, or approximately 12 percent per year. The $134 million
Methodist Mansfield Medical Center opened in December of 2006, creating a surge in job openings. In
addition, two other hospitals are being planned, as well as five hotels, numerous restaurants, a
Big League Dreams sports complex, and a Hawaiian Falls Waterpark.
- MORE -
2 - 2 - 2 NNN Apartment REIT Acquires Towne Crossing
"The population growth and economic vitality of the city of Mansfield makes it an ideal market for
an investment by NNN Apartment REIT", explained Gus Remppies., executive vice president and chief
investment officer of NNN Apartment REIT. "With such extensive commercial development underway,
teamed with the underlying value of this Class A property, Towne Crossing Apartments is an
excellent addition to our growing portfolio".
NNN Apartment REIT offers a monthly distribution of 7.0 percent per annum, and is seeking to
acquire properties in geographically-diverse markets throughout the United States that are poised
for strong population and economic growth. As of August 17, 2007, NNN Apartment REIT has sold
approximately 5.9 million shares of its common stock for nearly $59.2 million through its initial
public offering, which began in the third quarter of 2006.
NNN Apartment REIT purchased Towne Crossing from Parkwood Management, which was represented by Evan
Jacobson of Thompson Realty, an unaffiliated third party. NNN Apartment REIT assumed the property's
existing Freddie Mac financing.
NNN Realty Advisors, Inc., a nationwide commercial real estate asset management and services firm,
is the sponsor of NNN Apartment REIT, Inc. NNN Realty Advisors and affiliates manage a growing
portfolio of more than 37 million square feet of real estate, including approximately 9,000
apartment units, with a combined market value in excess of $5.1 billion. NNN Realty Advisors and
affiliates are currently buying and selling properties throughout the United States, offering a
full range of commercial real estate investments, including tenant-in-common (TIC) programs for
investors structuring tax-deferred (like-kind) exchanges under Section 1031 of the Internal Revenue
Code, real estate investment trusts (REITs), value added property funds, and institutional
investments.
***
This press release contains certain forward-looking statements with respect to the future
population, job growth and economic performance of Mansfield, Texas. Forward-looking statements
are statements that are not descriptions of historical facts and include statements regarding
management's intentions, beliefs, expectations, plans or predictions of the future, 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. Because such statements include risks, uncertainties and
contingencies, actual results may differ materially from those expressed or implied by such
forward-looking statements. These risks, uncertainties and contingencies include, but are not
limited to, the following: uncertainties relating to changes in general economic and real estate
conditions; uncertainties relating to the economy of Mansfield, Texas; uncertainties relating to
the implementation of our real estate investment strategy; and other risk factors as outlined in
the Company's prospectus, as amended from time to time, and as detailed from time to time in our
periodic reports, as filed with the Securities and Exchange Commission.
###

text: NNN APARTMENT REIT

text: NNN Apartment REIT, Inc.

text: NNN Apartment REIT

text: NNN Apartment REIT

text: NNN Apartment REIT

text: NNN Apartment REIT

text: NNN Apartment REIT

text: NNN Apartment REIT

text: Parkwood Management

text: NNN Apartment REIT

text: NNN Apartment REIT, Inc.


text:
EX-99.1
5
dex991.htm
PRESS RELEASE DATED DECEMBER 21,2007
Press Release dated December 21,2007
EXHIBIT 99.1
StoneMor Partners L.P. Completes Acquisition of 45 Cemeteries and 30 Funeral Homes
BRISTOL, PA - (MARKET WIRE)
- 12/21/2007- StoneMor Partners L.P. (NASDAQ: STON) announced today that it had completed the acquisition of 45 cemeteries, 30 funeral homes and one pet cemetery from Service Corporation International (NYSE: SCI) and other entities for the
aggregate purchase price of $68.0 million in cash, subject to various post closing adjustments. The conveyances of 1 cemetery in Hawaii and 1 funeral home in Florida are subject to state regulatory approval which is expected to be obtained
in the first quarter of 2008. Pending such approval, these properties will continue to be operated by SCI. These properties do not, individually or in the aggregate, constitute a material portion of the properties we acquired today from
SCI. In conjunction with this transaction, StoneMor received control of cemetery merchandise trusts of approximately $68.0 million and perpetual care trusts of approximately $50.4 million, related to these locations. In addition, StoneMor will
assume the merchandise and service liabilities associated with certain pre-arranged bonded contracts valued at approximately $20.5 million related to the properties.
The properties acquired are located in California (7 cemeteries and 10 funeral homes), Ohio (7 cemeteries and 1 funeral home), Illinois (5 cemeteries and 2 funeral homes), Tennessee (3 cemeteries and 4 funeral homes),
Indiana (5 cemeteries), Oregon (2 cemeteries and 3 funeral homes), Alabama (2 cemeteries and 2 funeral homes), North Carolina (3 cemeteries), Missouri (2 cemeteries and 1 funeral home), South Carolina (2 cemeteries and 2 funeral homes), Puerto Rico
(2 cemeteries and 1 funeral home), Washington (2 cemeteries), Arkansas (2 funeral homes), Hawaii (1 cemetery), Iowa (1 cemetery), Kentucky (1 cemetery) Florida (1 funeral home) and West Virginia (1 funeral home). In 2006, these properties performed
approximately 8,300 interments and 3,700 calls and generated revenues of approximately $44.0 million.
About StoneMor Partners L.P.
StoneMor Partners L.P., headquartered in Bristol, Pennsylvania, is an owner and operator of cemeteries and funeral homes in the United States, with 223 cemeteries and 57
funeral homes in 27 states plus Puerto Rico. StoneMor is the only publicly traded deathcare company structured as a partnership. StoneMor's cemetery products and services, which are sold on both a pre-need (before death) and at-need (at death)
basis, include: burial lots, lawn and mausoleum crypts, burial vaults, caskets, memorials, and all services which provide for the installation of this merchandise.
For additional information about StoneMor Partners L.P., please visit StoneMor's website, and the Investor Relations section, at
http://www.stonemor.com
.
Forward-Looking Statements
Certain statements contained in this press release, including, but not limited to, information regarding the status and progress of the StoneMor's global operating activities, the plans and objectives of StoneMor's management,
assumptions regarding StoneMor's future performance and plans, and any financial guidance provided, as well as certain information in other filings with the SEC and elsewhere, are forward-looking statements within the meaning of
Section 27A(i) of the Securities Act of 1933 and Section 21E(i) of the Securities Exchange Act of 1934. The words "believe", "may", "will", "estimate", "continues", "anticipate,"
"intend", "project", "expect", "predict", and similar expressions identify these forward-looking statements. These forward-looking statements are made subject to certain risks and uncertainties that could
cause actual results to differ materially from those stated, including, but not limited to, uncertainties associated with the integration or anticipated benefits of the acquisition; uncertainties associated with future revenue and revenue growth;
the impact of StoneMor's significant leverage on its operating plans; the ability of StoneMor to service its debt; StoneMor's ability to attract, train and retain an adequate number of sales people; uncertainties associated with the volume
and timing of pre-need sales of cemetery services and products; variances in death rates; variances in the use of cremation; changes in political or regulatory environments, including potential changes in tax accounting and trusting policies;
StoneMor's ability to successfully implement a strategic plan relating to producing operating improvement, strong cash flows and further deleveraging; uncertainties associated with the integration or the anticipated benefits of the acquisition
of assets in September 2006; and various other uncertainties associated with the deathcare industry and StoneMor's operations in particular.
When
considering forward-looking statements, you should keep in mind the risk factors and other cautionary statements set forth in StoneMor's Annual Report on Form 10-K/A and its Quarterly Reports on Form 10-Q and Form 10-Q/A filed with the SEC.
StoneMor assume no obligation to publicly update or revise any forward-looking statements made herein or any other forward-looking statements made by them, whether as a result of new information, future events, or otherwise.

text: StoneMor Partners L.P.

text: StoneMor Partners L.P.

text: Service Corporation International

text: StoneMor

text: StoneMor

text: StoneMor Partners L.P.

text: StoneMor Partners L.P.

text: StoneMor

text: StoneMor

text: StoneMor Partners L.P.

text: StoneMor

text: StoneMor

text: StoneMor

text: StoneMor

text: StoneMor

text: StoneMor

text: StoneMor

text: StoneMor

text: StoneMor

text: StoneMor

text: StoneMor