text:
EX-99.1
2
pressreleaseannouncingdisp.htm
PRESS RELEASE ANNOUNCING DISPOSITION OF OFFICE PORTFOLIO
Document
Preferred Apartment Communities, Inc. Completes Disposition of Substantial Majority of its Office Portfolio to Highwoods Properties, Inc.
Atlanta, GA, July 29, 2021
Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") closed on its previously announced disposition of a portfolio of five office properties and one office real estate loan investment to Highwoods Properties, Inc. (NYSE: HIW) for an aggregate purchase price of $645.5 million, which will result in net proceeds at closing of approximately $241.5 million, after the satisfaction of approximately $404.0 million of property level debt and other closing adjustments and costs. The closing of this transaction further simplifies PAC's investment focus with revenue going forward being derived primarily from its core Sunbelt multifamily investments.
As part of the Highwoods transaction, and as more fully described in the Company's April 18, 2021 press release, PAC has elected to separately market Armour Yards and 251 Armour Yards (the "Armour Yards Portfolio") outside of the Highwoods transaction. On July 22, 2021, PAC entered into an agreement to sell the Armour Yards Portfolio to Northwood Investors. The buyer's contractual due diligence period has ended, and Northwood has posted an earnest money deposit that is non-refundable except in limited circumstances. The Armour Yards Portfolio transaction is subject to customary closing conditions and is expected to close later in the third quarter.
Joel Murphy, PAC's Chairman and Chief Executive Officer, said: "The successful closing of the office portfolio transaction further builds upon our stated strategy to simplify our business platform which commenced in 2020 with the internalization of the external management structure and the sale of our entire student housing portfolio. We expect to utilize the cash proceeds generated from this sale (i) to continue to realign our balance sheet through calls and/or redemptions of our Series A preferred shares, (ii) to grow our core suburban Sunbelt Class A multifamily business through acquisitions and real estate loan investments, and (iii) for other corporate purposes, which may include redeeming additional preferred stock".
Mr. Murphy continued, "Further, we are also pleased with the agreement with Northwood Investors to sell the Armour Yards Portfolio which demonstrates our ability to maximize the value of our few remaining office assets. As previously disclosed, our intention is to fully exit the office asset class through a disciplined and well-executed disposition process over time and the Armour Yards Portfolio sale is further tangible evidence of that intent".
In connection with the transaction, JLL acted as real estate advisor, Goldman Sachs & Co. LLC acted as financial advisor, and King & Spalding LLP acted as legal advisor to PAC.
About Preferred Apartment Communities, Inc.
Preferred Apartment Communities, Inc. (NYSE: APTS) is a real estate investment trust engaged primarily in the ownership and operation of Class A multifamily properties, with select investments in grocery anchored shopping centers. Preferred Apartment Communities' investment objective is to generate attractive, stable returns for stockholders by investing in income-producing properties and acquiring or originating multifamily real estate loans. As of
June 30, 2021, the Company owned or was invested in 117 properties in 13 states, predominantly in the Southeast region of the United States. Learn more at www.pacapts.com.
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements may be identified by the use of forward-looking terminology such as "may", "trend", "will", "expects", "plans", "estimates", "anticipates", "projects", "intends", "believes", "goals", "objectives", "outlook" and similar expressions. These forward-looking statements include, but are not limited to, statements regarding expected use of proceeds. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from the expectations, intentions, beliefs, plans or predictions of the future expressed or implied by such forward-looking statements, including risks related to the closing of the transaction and timing thereof. These risks, uncertainties and contingencies include, but are not limited to, (a) the impact of the COVID-19 pandemic and related federal, state and local government actions on PAC's business operations and the economic conditions in the markets in which PAC operates; (b) PAC's ability to mitigate the impacts arising from COVID-19; (c) the closing of the sale of the Armour Yards Portfolio and (d) those disclosed in PAC's filings with the Securities and Exchange Commission. PAC undertakes no obligation to update these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except as may be required by law.
Additional Information
The SEC has declared effective the registration statement filed by the Company for each of our public offerings. Before you invest, you should read the final prospectus, and any prospectus supplements forming a part of the registration statement and other documents the Company has filed with the SEC for more complete information about the Company and the offering. In particular, you should carefully read the risk factors described in the final prospectus and in any related prospectus supplement and in the documents incorporated by reference in the final prospectus and any related prospectus supplement. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the Company or its dealer manager, Preferred Capital Securities, LLC, will arrange to send you a prospectus with respect to the Series A1/M1 Offering upon request by contacting John A. Isakson at (770) 818-4109, 3284 Northside Parkway NW, Suite 150, Atlanta, Georgia 30327.
The final prospectus for the Series A1/M1 Offering, dated October 22, 2019, can be accessed through the following link:
https://www.sec.gov/Archives/edgar/data/1481832/000148183219000097/a424b5-2019seriesamshares.htm
SOURCE: Preferred Apartment Communities, Inc.
Preferred Apartment Communities, Inc.
John A. Isakson 770-818-4109
Chief Financial Officer
Email: jisakson@pacapts.com
Preferred Apartment Communities, Inc.
Paul Cullen 770-818-4144
Executive Vice President-Investor Relations
Email: InvestorRelations@pacapts.com

text: Preferred Apartment Communities, Inc.

text: Highwoods Properties, Inc.

text: Preferred Apartment Communities, Inc.

text: Highwoods Properties, Inc.

text: JLL

text: Goldman Sachs & Co. LLC

text: King & Spalding LLP

text: Preferred Apartment Communities, Inc.

text: Preferred Apartment Communities, Inc.

text: Preferred Apartment Communities, Inc.

text: Preferred Apartment Communities, Inc.

text: Preferred Apartment Communities, Inc.


dataset: buster

text:
EX-99.1
4
exhibit3.htm
EX-99.1
EX-99.1
Contact:
Julia McCartney, 714.667.8252, ext. 230
julia.mccartney@grubb-ellis.com
Grubb & Ellis Healthcare REIT Acquires
Epler Parke Building B in Indianapolis
SANTA ANA, Calif. (March 28, 2008) - Grubb & Ellis Healthcare REIT, Inc. today announced the
acquisition of Epler Parke Building B in Indianapolis.
Located at 5550 South East St., Epler Parke Building B is a single story multi-tenant medical
office building consisting of approximately 34,000 square feet of gross leaseable area.
Built in 2004 on approximately four acres, the 95 percent leased property offers 196 parking
spaces and is accessible by Interstates 465 and 74, as well as State Highway 31 and Highway 37.
"Epler Parke Building B's location in the expanding south Indianapolis market adds to the
attractiveness of this acquisition", said Danny Prosky, Vice President of Acquisitions for Grubb &
Ellis Healthcare REIT. "The property is located near Community Hospital South, one of the area's
leading medical centers, and in a region where demand for healthcare services is growing. This is
an ideal combination for Grubb & Ellis Healthcare REIT".
Community Hospital South recently launched a $130 million, 194,000-square-foot expansion that
will include a new five-story patient tower, an expansion of the hospital's surgical services,
renovation of all existing units to private room, an expanded lobby and additional outpatient
services. The expansion follows the 2007 openings of Community Hospital South's new emergency
department and the renovation of the on-campus Indiana Surgery Center South. According to
Community Health Network, a not-for profit health system with more than 70 sites of care throughout
central Indiana, which includes Community Hospital South, the expansion is in response to growing
demand for medical services in the region.
Grubb & Ellis Healthcare REIT also owns Epler Parke Building I, along with Southpointe Office
Park, medical buildings located just three miles south of Epler Parke Building B. According to
Prosky, this regional clustering of properties should enhance stockholder value.
Epler Parke Building B was acquired utilizing the line of credit held by Grubb & Ellis
Healthcare REIT.
As of March 14, 2008, Grubb & Ellis Healthcare REIT has sold approximately 25.9 million shares
of its common stock, excluding the shares issued under its distribution reinvestment plan, for
approximately $259 million through its initial public offering. The initial public offering began
in the third quarter of 2006.
Grubb & Ellis Healthcare REIT offers a monthly distribution of 7.25 percent per annum and as
of March 24, 2008, has made 24 geographically-diverse acquisitions valued at approximately $468
million.
About Grubb & Ellis
Grubb & Ellis Company (NYSE: GBE), one of the largest and most respected commercial real estate
services companies, is the sponsor of Grubb & Ellis Healthcare REIT, Inc. With more than 130 owned
and affiliate offices worldwide, Grubb & Ellis offers property owners, corporate occupants and
investors comprehensive integrated real estate solutions, including transaction, management,
consulting and investment advisory services supported by proprietary market research and extensive
local market expertise.
Grubb & Ellis and its subsidiaries are leading sponsors of real estate investment programs that
provide individuals and institutions the opportunity to invest in a broad range of real estate
investment vehicles, including tax-deferred 1031 tenant-in-common (TIC) exchanges, public
non-traded real estate investment trusts (REITs) and real estate investment funds. As of December
31, 2007, nearly $3 billion in investor equity has been raised for these investment programs. The
company and its subsidiaries currently manage a growing portfolio of more than 216 million square
feet of real estate. In 2007, Grubb & Ellis was selected from among 15,000 vendors as Microsoft
Corporation's Vendor of the Year. For more information regarding Grubb & Ellis Company, please
visit
www.grubb-ellis.com
.
FORWARD-LOOKING LANGUAGE
This press release contains certain forward-looking statements with respect to the growing demand
for healthcare services, the importance that the property adds to the Grubb & Ellis Healthcare REIT
portfolio, and the enhancement of stockholder value. 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
regarding changes in the healthcare industry; uncertainties relating to changes in general economic
and real estate conditions; uncertainties relating to the economy of the Indianapolis, Indiana
area; the strengths and financial condition of Epler Parke Building B and Community Hospital South;
the 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.

label: organization

text: Grubb & Ellis Healthcare REIT

text: Grubb & Ellis Healthcare REIT, Inc.

label: person

text: Danny Prosky

text:
Grubb &
Ellis Healthcare REIT

text: Grubb & Ellis Healthcare REIT

text: Grubb & Ellis Healthcare REIT

text:
Grubb & Ellis
Healthcare REIT

text: Grubb & Ellis Healthcare REIT

text: Grubb & Ellis Healthcare REIT

text: Grubb & Ellis Healthcare REIT, Inc.

text: Grubb & Ellis Healthcare REIT

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
4
a16-15024_1ex99d1.htm
EX-99.1
Exhibit 99.1
For further information contact:
Douglas Dynamics, Inc.
Bob McCormick
414-362-3868
investorrelations@douglasdynamics.com
DOUGLAS DYNAMICS COMPLETES ACQUISITION OF ASSETS OF DEJANA TRUCK & UTILITY EQUIPMENT COMPANY
July 18, 2016 - Milwaukee, Wisconsin
- Douglas Dynamics, Inc. (NYSE: PLOW), North America's premier manufacturer of vehicle attachments and equipment, today announced that it has successfully completed the acquisition of substantially all the assets of Dejana Truck & Utility Equipment Company, Inc. and certain related entities (Dejana) for $206 million, including a $26 million performance earn out provision, subject to post-closing adjustments. The signing of the definitive purchase agreement for the acquisition was previously announced on June 16, 2016.
Douglas Dynamics
believes the acquisition significantly strengthens its position as a premier manufacturer and up fitter of vehicle attachments and equipment. Adding the Dejana business is expected to diversify the Company's revenue streams and reduce the influence of weather on the overall business going forward.
Headquartered in Kings Park, New York, Dejana is a premier up fitter of Class 4-6 trucks and other commercial work vehicles in the Eastern U.S. Dejana is also a leading specialized manufacturer of storage solutions for trucks and vans and cable pulling equipment for trucks. Dejana maintains seven manufacturing and up fit facilities and currently employs approximately 500 people in five states. For the trailing twelve months ending March 31, 2016, Dejana generated net sales of $145 million.
About Douglas Dynamics
Home to the most trusted brands in the industry, Douglas Dynamics is North America's premier manufacturer of vehicle attachments and equipment. For more than 65 years, the Company has been innovating products that not only enable people to perform their jobs more efficiently and effectively, but also enable businesses to increase profitability. Our commitment to continuous improvement enables us to consistently produce the highest quality products and drive shareholder value. The Douglas Dynamics portfolio includes snow and ice management attachments sold under the FISHER®, WESTERN®, HENDERSON® and SNOWEX® brands. Additional information is available at www.douglasdynamics.com.
Forward Looking Statements
This press release contains certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These statements include information relating to future events, future financial performance, strategies, expectations, competitive environment, regulation, product demand, the payment of dividends, and availability of financial resources. These statements are often identified by use of words such as "anticipate", "believe,"
"intend", "estimate", "expect", "continue", "should", "could", "may", "plan", "project", "predict", "will" and similar expressions and include references to assumptions and relate to our future prospects, developments and business strategies. Such statements involve known and unknown risks, uncertainties and other factors that could cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the potential for Dejana not to achieve projected financial performance, unanticipated challenges related to the integration of the Dejana business and unexpected costs or liabilities related to the acquisition of Dejana, as well as those discussed in the section entitled "Risk Factors" in our annual report on Form 10-K for the year ended December 31, 2015. Given these risks and uncertainties, you should not place undue reliance on these forward-looking statements. In addition, the forward-looking statements in this release speak only as of the date hereof and we undertake no obligation, except as required by law, to update or release any revisions to any forward-looking statement, even if new information becomes available in the future.
2

text: Douglas Dynamics, Inc.

text: DOUGLAS DYNAMICS

text: Douglas Dynamics, Inc.

text: Dejana

text: Douglas Dynamics

text: Dejana

text: Dejana

text: Dejana

text: Dejana

text: Dejana

text: Douglas Dynamics

text: Douglas Dynamics

text: Douglas Dynamics

text: Dejana

text: Dejana

text: Dejana


text:
EX-99
2
ex_99-1.htm
EXHIBT 99-1, PRESS RELEASE
Exhibit 99.1
INVESTOR NEWS
For Immediate Release
AZEK Building Products and Composatron Combination Completed
Thursday, March 6, 2008
AZEK Building Products, a subsidiary of CPG International Inc. ("CPG") and a leading supplier of premium, low maintenance building products, completed the acquisition of Composatron Manufacturing Inc. ("Composatron") on February 29th. On February 11th, CPG signed a definitive agreement to acquire 100% of the outstanding stock of Composatron. Composatron, located outside Toronto, Canada, is a privately held manufacturer of Premier and Trademark Railing Systems utilizing a polyvinyl chloride ("PVC") and wood flour composite and co-extruded PVC capstock. The products have the subtle texture of painted wood and are ICC code listed.
The purchase price for the acquisition was approximately CAD $30 million, subject to working capital adjustments (with additional payments if certain financial targets are met in 2008). To finance the acquisition and CPG's related fees and expenses, the sources of funds included $25 million (or approximately CAD $24.5 million) of borrowings under a Term Loan together with cash from the Company's operations.
About CPG International
Headquartered in Scranton, Pennsylvania, CPG International is a manufacturer of market-leading brands of highly engineered, premium, low-maintenance, building products for residential and commercial markets designed to replace wood, metal and other traditional materials in a variety of construction applications. The Company's products are marketed under several brands including AZEK® Trim and Mouldings, AZEK® Deck, Santana Products, Comtec Industries, Capitol, EverTuff™, TuffTec™, Hiny Hider® and Celtec®, as well as many other brands. For additional information on CPG please visit our web site at WWW.CPGINT.COM.

text: CPG International Inc.

text: CPG

text: Composatron Manufacturing Inc.

text: CPG

text: Composatron. Composatron

text: CPG

text: CPG


text:
EX-99.1
2
v331021_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
1550
Peachtree Street, N.W. Atlanta, Georgia 30309
NEWS RELEASE
Contact:
Jeff Dodg
Tim Klein
Investor Relations
Media Relations
(404) 885-8804
(404) 885-8555
jeff.dodge@equifax.com
tim.klein@equifax.com
Equifax Completes Acquisition of CSC
Credit Services Assets
ATLANTA, December 28, 2012 -
Equifax Inc. (NYSE:
EFX) announced the completion of the acquisition of certain business assets and the operations of CSC Credit Services, Inc., a
subsidiary of Computer Sciences Corporation (NYSE: CSC) following satisfaction of all closing conditions of the asset purchase
agreement. Equifax announced on December 3 that it entered into a definitive purchase agreement with respect to this acquisition.
Headquartered in Houston, TX, CSC's credit services business
provides consumer credit services and related information to banks, mortgage companies, retail establishments, the automotive industry,
medical entities, utility companies and other users of financial and credit information. CSC owns consumer credit files in 15 U.S.
states covering approximately 20 percent of the U.S. population. CSC has been Equifax's largest credit affiliate since 1988.
Equifax has been processing CSC's credit information and selling those files nationally since that time.
About Equifax (www.equifax.com)
Equifax
is a global leader in consumer and commercial
information solutions, providing businesses of all sizes and consumers with information they can trust. We organize and assimilate
data on more than 500 million consumers and 81 million businesses worldwide, and use advanced analytics and proprietary technology
to create and deliver customized insights that enrich both the performance of businesses and the lives of consumers.
Headquartered in Atlanta, Equifax operates or has investments
in 18 countries and is a member of Standard & Poor's (S&P) 500® Index. Its common stock is traded on the New
York Stock Exchange under the symbol
EFX
. For more information, please visit www.equifax.com.
Forward-Looking Statements
This document may contain forward-looking statements.
Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results,
financial situation, development or performance of Equifax and the information contained in this release. These factors include
the ability to integrate successfully the purchased assets and operations within Equifax or to realize synergies from such integration;
costs related to the acquisition; the economic environment of the industries in which Equifax operates; and other risk factors
discussed in Equifax's public reports filed with the SEC. Equifax assumes no duty whatsoever to update these forward-looking
statements or to conform them to future events or developments.
###

text: Equifax

text: CSC

text: Equifax

text: CSC Credit Services, Inc.

text: Computer Sciences Corporation

text: CSC

text: Equifax

text: CSC

text: CSC

text: CSC

text: Equifax

text: Equifax

text: CSC

text: Equifax

text: Equifax

text: Equifax

text: Equifax

text: Equifax

text: Equifax

text: Equifax

text: Equifax


text:
EX-99.1
3
ableenergy_8k-ex9901.txt
PRESS RELEASE
EXHIBIT 99.1
ABLE ENERGY, INC.
PRESS RELEASE
COMMON STOCK SYMBOL: ABLE.PK
FOR IMMEDIATE RELEASE
ABLE ENERGY ANNOUNCES CEO CHANGE AND BUSINESS COMBINATION
ROCKAWAY, NEW JERSEY (May 30, 2007) - Able Energy, Inc. ("Able") announced today
that it is about to complete its business combination with All American Plazas
("AAP"), its largest stockholder. This business combination will result in Able
Energy acquiring and operating eleven multi-use truck stop plazas owned by AAP.
Able is also pleased to announce today that Gregory D. Frost is terminating his
leave of absence from Able and returning to serve as Able's CEO and Chairman.
This business combination was approved by more than a two-thirds majority of
Able's disinterested stockholders at a special meeting of Able's stockholders
held on August 29, 2006. Able will assume certain of AAP's debt as a part of the
combination. Able will issue to AAP 10 million restricted shares of its common
stock in consideration for the combination. In addition, Able will issue
1,666,667 shares, which will be held in escrow. In the event that Able's Board,
in exchange for additional consideration from AAP, agrees to assume AAP's
obligations as to certain convertible debentures it had previously issued, then
the escrowed shares will be issued to the debenture holders that elect to
convert their debentures to Able common stock, with any remaining escrowed
shares to be released to AAP. The Board's determination to assume the
convertible debentures will be based on whether or not the debenture holders
elect to convert their respective debentures into shares of Able's common stock
and the additional consideration to be provided by AAP. In the event that the
debenture holders do not elect to convert or the Board does not agree to assume
the debenture obligations, then all of the shares held in escrow will be
released to AAP. After Able issues the shares to AAP, Able will have 14,808,090
shares of common stock issued and outstanding (which includes the 1,666,667
shares held in escrow), of which 11 million shares (not including the shares
held in escrow), or approximately 74.3% of Able's outstanding shares, will be
owned by AAP. The closing price of Able's common stock on Tuesday, May 29, 2007
was $1.62.
Both AAP and its controlling stockholder have agreed to a voting lock-up of the
shares that AAP holds in Able regarding election of member's of Able's Board
until such time as AAP and its majority stockholder no longer hold a majority of
Able's issued and outstanding shares of common stock.
Mr. Frost stated that, "I am excited about resuming my duties as CEO. We are
very pleased by the overwhelming support of our shareholders in approving the
AAP acquisition and energized by the prospect of combining our Company with
AAP's assets. The combination will result in an increase of Able's annualized
revenues from $75 million to approximately $270 million and provide Able with
revenue year-round. The combination will also enable us to cross-market all of
our energy products while at the same time reducing our operating costs. The AAP
facilities will provide Able with additional distribution points for the sale of
home heating oil, bioheat, and biodiesel fuel to commercial and residential
customers".
Able is a holding company for five operating subsidiaries, which are engaged in
the retail distribution of, and the provision of services relating to home
heating oil, diesel fuel, kerosene, and in addition, Able provides complete HVAC
installation and repair. This announcement includes forward-looking statements
based on current expectations. Opinions, forecasts, projections or statements
other than statements of historical fact, are forward-looking statements that
involve risks and uncertainties. Although Able Energy, Inc. (the "Company")
believes that the expectations reflected in such forward-looking statements are
reasonable; it can give no assurance that such expectations will prove to be
correct. Actual results may differ materially due to a number of reasons,
including without limitation, regulatory approvals, the possibility of
continuing operating losses, the costs of future or current projects, the
Company's ability to integrate the assets of All American Plazas, Inc., the
ability to adapt to rapid technological change, the receipt and fulfillment of
new orders for current products, the timely introduction and market acceptance
of new products and the ability to establish and maintain strategic partner
relationships, competition, general market conditions, and other risks detailed
in the Company's filings with the Securities and Exchange Commission. You can
find the Company's filings with the Securities and Exchange Commission at
WWW.ABLEENERGY.COM or at WWW.SEC.GOV. By making these forward-looking
statements, the Company undertakes no obligation to update these statements for
revisions or changes after the date of this release.
For information contact:
Gregory D. Frost, CEO or
Christopher Westad, President
(973) 625-1012

text: ABLE ENERGY, INC.

text: ABLE ENERGY

text: Able Energy, Inc.

text: Able

text: All American Plazas

text: AAP

text:
Able
Energy

text: AAP

text: Able

text: Gregory D. Frost

text: Able

text: Able

text: Able

text: Able

text: Able

text: AAP

text: Able

text: AAP

text: Able

text: Able

text: AAP

text: AAP

text: Able

text: AAP

text: Able

text: AAP

text: AAP

text: Able

text: AAP

text: Able

text: Able

text: AAP

text: Able

text: AAP

text: AAP

text: Able

text: Able

text: AAP

text: Able

text: AAP

text: AAP

text: Able

text: Able

text: AAP

text: Able

text: Able

text: Able

text: Able Energy, Inc.

text: All American Plazas

text: Gregory D. Frost

text: Christopher Westad


text:
EX-99.2
3
v119228_ex99-2.htm
Exhibit
99.2
Press
Release
Source:
Sinoenergy Corporation
Sinoenergy
Corporation Sells Giant Power International for $10.68
Million
Monday
June 30, 8:00 am ET
BEIJING,
June 30 /Xinhua-PRNewswire-FirstCall/ - Sinoenergy Corporation (OTC
Bulletin Board: SNEN
-
News;
"Sinoenergy" or the "Company"), a manufacturer of compressed natural gas
(CNG) vehicle and gas station equipment, developer of CNG processing
capabilities, and builder and operator of retail CNG filling stations in the
People's Republic of China, today announced that it signed an agreement
("Agreement") to sell its ownership of Giant Power International, Limited
("GPI") to Greka SNU, Ltd. ("Greka") for $10.68 million in cash. The
transaction will be closed by the end of June 2008.
Sinoenergy
acquired 100% of the stock in GPI for $8.75 million in January 2008. GPI is
a
Hong Kong based holding company that invests in CNG processing and wholesaling
businesses located in China. Joint with PetroChina Hengran Petro-Gas Company
Limited, GPI invested in four CNG processing and wholesaling businesses in
the
cities of Zhengzhou in Henan province, Wuhu in Anhui province, Nanjing, and
Nanjing Xixia in Jiangsu province, each of which owns a large-scale CNG
wholesale processing plant. GPI directly or indirectly owns stakes ranging
from
9% to 35% in these four processing and wholesaling businesses.
Greka,
a
China based mining company, is a wholly owned subsidiary of Green Dragon Gas
Ltd. (AIM: GDG), a Chinese oil and gas company. Greka's principal activities
are
oil and gas exploration, development and production. Its operations focus on
coal bed methane and liquefied natural gas.
According
to the Agreement, upon the completion of the transaction, Greka committed to
grant priority to Sinoenergy to purchase natural gas from GPI invested mother
stations in Zhengzhou and Anhui at the fair market price; and Sinoenergy agreed
to have the priority to sell its CNG container and related equipment to Greka
at
the fair market price. Both commitments have a term of three years unless
extended by the parties.
"We
will
invest all the money we receive from this sale into developing our own CNG
processing plants and our retail CNG filling station network in Central and
Eastern China", said Mr. Bo Huang, CEO of Sinoenergy Corporation. "Selling
GPI
will not affect our ability to operate a network of retail CNG filling stations
because in 2007 we obtained annual natural gas supply quotas of 400 million
cubic meters from Sino-Pec and 120 million cubic meters from Petro-China. Also,
the mutual agreement between Greka and Sinoenergy to share each other's
advantages in material and product procurement process will benefit our CNG
container and relevant equipment manufacturing business".
About
Sinoenergy Corporation
Sinoenergy
is a manufacturer of compressed natural gas (CNG) vehicle and gas station
equipment. The Company designs and manufactures a wide variety of pressure
containers for use in different industries including the petroleum and chemical
industries, the metallurgy and electricity generation industries, and the food
and brewery industries. Along with developing CNG processing capabilities for
itself, the Company builds and operates retail CNG filling stations in Central
and Eastern China.
Safe
Harbor Statement
This
announcement contains forward-looking statements within the meaning of the
safe
harbor provisions of the Private Securities Litigation Reform Act of 1995.
All
statements other than statements of historical fact in this announcement are
forward-looking statements, including but not limited to, future changes in
the
wholesale and retail price for CNG for vehicles in China; changes in policy
by
the national, provincial and municipal government of the PRC regarding CNG
prices, the CNG vehicle industry, the construction and operation of retail
CNG
filling stations and related issues; the Company's ability to raise additional
capital to finance the Company's activities; the effectiveness, profitability,
and the marketability of its products; the future trading of the common stock
of
the Company; the ability of the Company to operate as a public company; the
period of time for which its current liquidity will enable the Company to fund
its operations; the Company's ability to protect its proprietary information;
general economic and business conditions; the volatility of the Company's
operating results and financial condition; the Company's ability to attract
or
retain qualified senior management personnel and research and development staff;
and other risks detailed in the Company's filings with the Securities and
Exchange Commission. These forward-looking statements involve known and unknown
risks and uncertainties and are based on current expectations, assumptions,
estimates and projections about the companies and the industry. The Company
undertakes no obligation to update forward-looking statements to reflect
subsequent occurring events or circumstances, or to changes in its expectations,
except as may be required by law. Although the Company believes that the
expectations expressed in these forward looking statements are reasonable,
they
cannot assure you that their expectations will turn out to be correct, and
investors are cautioned that actual results may differ materially from the
anticipated results.
For
more
information, please contact:
Sinoenergy
Corporation
Mr.
Anlin
Xiong, Vice President
Phone:
+86-10-8493-2965 Ext 860
Email:
anlinxiong@sinoenergycorporation.com
Web:
http://www.sinoenergycorporation.com
CCG
Elite
Investor Relations Inc.
Mr.
Crocker Coulson, President
Phone:
+1-646-213-1915 (New York)
Email:
crocker.coulson@ccgir.com
Web:
http://www.ccgelite.com

text: Sinoenergy Corporation

text:
Sinoenergy
Corporation

text: Giant Power International

text: Sinoenergy Corporation

text: Giant Power International

text: Greka SNU, Ltd.

text: Bo Huang

text: Sinoenergy Corporation

text: Sinoenergy Corporation

text:
Sinoenergy
Corporation

text:
Anlin
Xiong

text: Crocker Coulson


text:
EX-99.1
2
ex99_1.htm
EXHIBIT 99.1
Exhibit
99.1
FIRST
CHOICE HEALTHCARE ANNOUNCES ADDITION OF
CRANE
CREEK SURGERY CENTER TO ITS GROWING NETWORK
OF
MEDICAL CENTERS OF EXCELLENCE IN FLORIDA
MELBOURNE,
FL - (Market Wired)
- November 2, 2015
- First Choice Healthcare Solutions,
Inc.
(OTCQB:FCHS) ("FCHS,"
"First Choice" or the "Company"),
a diversified holding company focused on delivering clinically superior, patient-centric, multi-specialty care through state-of-the-art
medical centers of excellence, today announced that Melbourne, Florida-based
Crane Creek Surgery Center
("Crane Creek") has joined First Choice's growing network of Medical Centers of Excellence in the
State of Florida.
Established
in 2009, Crane Creek is an AAAHC accredited facility dedicated to delivering excellent, ambulatory surgical care in a convenient,
comfortable outpatient environment. The modern 18,000+ square foot facility is located in Melbourne, Florida within the Crane
Creek Medical Center building, which is also home to Osler Medical and The B.A.C.K. Center. Crane Creek's facility houses
four state-of-the-art operating rooms and a procedure room; with capacity and capability to host 4,000-5,000 orthopaedic, spine,
interventional pain and general surgical procedures each year.
First
Choice's newly formed subsidiary CCSC Holdings, Inc. ("CCSC Holdings") acquired a 40% interest in Crane Creek.
The other owners are CCSC TBC Group, LLC ("TBC Group"), owned by
Richard Hynes, M.D., FASC
and
Devin Datta, M.D.;
and
Blue Chip Surgical Center Partners
, which develops and manages 17 world class
ambulatory surgery centers across the United States. Drs. Hynes and Datta are both affiliated with
The B.A.C.K. Center
,
a First Choice medical center of excellence in Melbourne, Florida.
Blue
Chip Surgical Center Partners President Jay Rom
stated, "We are thrilled to be affiliated with First Choice and to be
part of the First Choice Healthcare network of medical centers. With the addition of First Choice and the ongoing affiliation
with The B.A.C.K. Center, Crane Creek Surgery Center will continue to be a center of excellence for spine, orthopaedic and interventional
pain care. Moreover, based on average orthopaedic revenue per case benchmarks established for ambulatory surgery centers of this
size, we look forward to working closely with our partners to optimize the revenue growth opportunity for Crane Creek, which has
the capacity and capability to reach and exceed $10-$15 million each year".
Together,
CCSC Holdings and TBC Group own 75% interest in Crane Creek. In accordance with the Crane Creek Restated and Amended Operating
Agreement, CCSC Holdings will exercise sufficient control over the business of Crane Creek that will allow First Choice to treat
it as a variable interest entity, effective October 1, 2015. As a result, First Choice will include the financial results of Crane
Creek in its consolidated financial statements in accordance with generally accepted accounting principles as if it were a wholly-owned
subsidiary. Dr. Hynes
has been appointed as Crane Creek's Medical Board president and as medical director.
Christian
Romandetti, First Choice Chairman and CEO,
added, "We are very pleased to again be expanding our network of centers
of excellence serving Florida's Space Coast. Crane Creek represents a truly ideal complement to our orthopaedic, spine,
neurology and interventional pain care medical operations in the region, allowing us to strategically redirect surgical cases
stemming from both First Choice Medical Group and The B.A.C.K. Center to Crane Creek. In addition, providing our valued patients
with greater comfort, convenience and direct access to superb outpatient surgical facilities will go a long way in helping us
to ensure that positive outcomes are consistently optimized, and medical costs are contained. 2015 is definitely proving to be
banner year for First Choice, and we couldn't possibly be any prouder or more excited about what the future holds for our
Company."
For
more detailed information and terms of the transaction, please refer to the related Form 8-K to be filed with the U.S. Securities
& Exchange Commission today and accessible at
www.sec.gov
.
About
First Choice Healthcare Solutions, Inc.
Headquartered
in Melbourne, Florida, First Choice Healthcare Solutions (FCHS) is actively engaged in developing a network of multi-specialty
medical centers of excellence throughout the southeastern U.S., which are distinguished as premier destinations for clinically
superior, patient-centric care. Serving Florida's Space Coast, FCHS' Centers of Excellence include First Choice Medical
Group of Brevard (FCMG), which specializes in the delivery of neurological and musculoskeletal medicine, and ancillary services;
Brevard Orthopaedic Spine & Pain Center, Inc., dba The B.A.C.K. Center, which focuses on orthopaedic spine and interventional
pain medicine; and Crane Creek Surgery Center, an AAAHC accredited outpatient surgical center which hosts orthopaedic, spine,
interventional pain and general surgical procedures. FCHS' commercial real estate interests are managed by its wholly owned
subsidiary, FCID Holdings, Inc.
For
more information, please visit
www.myfchs.com,
www.myfcmg.com,
www.thebackcenter.net
and
www.cranecreeksurgerycenter.com
.
Safe
Harbor Statement
Certain
information set forth in this news announcement may contain forward-looking statements that involve substantial known and unknown
risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are
beyond the control of First Choice Healthcare Solutions, Inc. Such forward-looking statements are based on current expectations,
estimates and projections about the Company's industry, management beliefs and certain assumptions made by its management.
Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the
time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
Information concerning factors that could cause the Company's actual results to differ materially from those contained in these
forward-looking statements can be found in the Company's periodic reports on Form 10-K and Form 10-Q, and in its Current Reports
on Form 8-K, filed with the Securities and Exchange Commission. Unless required by law, the Company undertakes no obligation to
update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise to reflect
future events or circumstances or reflect the occurrence of unanticipated events.
For
additional information, please contact:
Investor
Relations at WallStreetWriter
407-878-5945
or FCHS@wallstreetwriter.com

text:
CRANE
CREEK

text: Crane Creek

text: Crane Creek

text: Crane Creek

text:
Crane
Creek

text: Crane Creek

text: CCSC Holdings, Inc.

text: Crane Creek

text: Crane Creek

text: Crane Creek

text: Crane Creek

text: Crane Creek

text: Crane Creek

text:
Crane
Creek

text: Crane Creek

text: Crane Creek

text: Crane Creek

text: Crane Creek


text:
EX-99.1
7
a07-17151_1ex99d1.htm
EX-99.1
Exhibit
99.1
HERITAGE COMMERCE CORP
For
additional information, contact:
Rebecca Levey
,
SVP Marketing
Direct: (408) 494-4513
For
Immediate Release:
June 20, 2007
Heritage Commerce Corp
Completes Acquisition of
Diablo Valley Bank
SAN JOSE, California - June 20, 2007 -
Heritage Commerce Corp (NASDAQ: HTBK), parent
company of Heritage Bank of Commerce, today announced the completion of its
acquisition of Diablo Valley Bank, (OTCBB: DBVB). The combined banks now have
over $1.3 billion in assets and 11 banking offices.
"We
welcome Diablo Valley Bank's customers, employees and shareholders to the
Heritage family", said Walter Kaczmarek, President and Chief Executive Officer
of Heritage Commerce Corp. "While the Diablo name will change to
Heritage Bank of Commerce, Diablo Valley Banking
Region
, its core values of integrity, efficient service,
relationship building and service to the community will not. We will remain
focused on building solid banking relationships and being good corporate
neighbors as we continue providing the personal service that has become a
tradition at both banks".
The
transaction is valued at approximately $65,400,000, including payments for
cancellation of options for Diablo Valley Bank common stock. Diablo Valley Bank
shareholders are receiving a per share consideration of $23.00, as the average
closing price for Heritage Commerce Corp's common stock for the 20 trading days
ending five trading days prior to closing was valued at $23.8970. Accordingly,
Heritage Commerce Corp is paying approximately $24,000,000 in cash and issuing
1,732,298 shares of Heritage Commerce Corp's common stock in exchange for all
outstanding Diablo Valley Bank shares and stock options. The exchange ratio for
the Heritage Commerce Corp stock is 0.9625. Prior to closing, Diablo Valley
Bank redeemed all of its outstanding Series A Preferred Stock for an aggregate
of approximately $6,700,000 cash (including dividend payments).
About Heritage Commerce Corp
Heritage
Commerce Corp, a bank holding company established in February 1998, is the
parent company of Heritage Bank of Commerce, established in 1994 and
headquartered in
San
Jose with offices in Los Gatos, Fremont, Danville, Morgan Hill, Gilroy,
Mountain View, and Los Altos Heritage Bank of Commerce is also an SBA Preferred
Lender, operating from offices in San Jose, Chico, Fremont, Clovis, Jackson,
Elk Grove, and Watsonville, California.
Forward-Looking
Statements Disclaimer
Discussions
contained or incorporated by reference in this filing or the exhibits that are
not statements of historical fact are forward-looking statements that involve
risks and uncertainties including, with out limitation, (i) statements relating
to the benefits of the proposed merger of Heritage Bank of Commerce and Diablo
Valley Bank (the "Merger"), including future financial and operating results,
cost savings, enhanced revenues and the accretion / dilution to reported
earnings that may be realized from the Merger, (ii) statements regarding
certain Heritage Bank of Commerce and Diablo Valley Bank goals and
expectations with respect to earnings, earnings per share, revenue, expenses
and the growth rate in such items, as well as other measures of economic
performance, including statements relating to estimates of credit quality
trends, and (iii) statements preceded by, followed by or that include the words
"may, "could", should, "would", believe", "anticipate", "estimate", "expect", "intend",
"plan", or similar expressions. These statements are based on current beliefs
and expectations of the management of Heritage Commerce Corp and/or Diablo
Valley Bank and are subject to significant risks and uncertainties. Actual
results may differ materially from those set forth in the forward-looking
statements.
The
following factors, among others, could cause actual results to differ from
those set forth in the forward-looking statements: the risk that the business
of Diablo Valley Bank will not be integrated successfully or will be more
difficult, time-consuming or costly than expected; deposit attrition and other
disruption from the Merger making it more difficult to maintain relationships
with customers, employees or suppliers; the risk that synergies from the Merger
may not be fully realized or may take longer to realize than expected;
competition and its effect on pricing, spending, third-party relationships and
revenues; the strength of the United States Economy in general, competition in
the financial services market for both deposits and loans as well as regional
and general economic conditions; and Heritage's ability to successfully
complete consolidation and conversion activities, incorporate acquisitions into
its operations, retain key employees, increase its customer base, achieve cost
savings and successfully generate commercial, consumer and real estate loans.
Additional factors that may affect future results are contained in Heritage's
filings with the SEC, which are available at the SEC's web site
http://www.sec.gov, including in Heritage's Annual Report on Form 10-K for the
year ended December 31, 2006, under the heading "Risk Factors." Readers should
not place undue reliance on the forward-looking statements, which reflect
management's view only as of the date hereof. All subsequent written and oral
forward-looking statements or other matters attributable to Heritage Commerce
Corp or Heritage Bank of Commerce or any person acting on their behalf are
expressly qualified in their entirety by the cautionary statements above.
Heritage undertakes no responsibility to update or publicly revise any forward-looking
statements to reflect subsequent events or circumstances.

text: HERITAGE COMMERCE CORP

text: Heritage Commerce Corp

text: Diablo Valley Bank

text: Heritage Commerce Corp

text: Diablo Valley Bank

text: Diablo Valley Bank

text: Walter Kaczmarek

text: Heritage Commerce Corp

text: Diablo Valley Bank

text: Diablo Valley Bank

text: Heritage Commerce Corp

text: Heritage Commerce Corp

text: Heritage Commerce Corp

text: Diablo Valley Bank

text: Heritage Commerce Corp

text:
Diablo Valley
Bank

text: Heritage Commerce Corp

text:
Heritage
Commerce Corp

text:
Diablo
Valley Bank

text: Diablo Valley Bank

text: Heritage Commerce Corp

text:
Diablo
Valley Bank

text: Diablo Valley Bank

text:
Heritage Commerce
Corp


text:
EX-99
2
ex99-07022013_120711.htm
Secconnect.com
First PacTrust Bancorp
, Inc.
Completes Acquisition of
The Private
Bank
of California
-
First PacTrust
'
s total assets exceed $3 billion with branches throughout Southern California and loan production offices in five western states.
-
The Private Bank of California merged into First PacTrust
'
s subsidiary Beach Business Bank, with the resulting bank named The Private Bank of California.
-
Transaction is expected to be immediately accretive to core earnings.
IRVINE, California, July 1, 2013
-
First PacTrust Bancorp, Inc
. (Nasdaq: BANC) (
"
First PacTrust
"
), the multi-bank holding company for Pacific Trust Bank and Beach Business Bank (
"
Beach
"
), today announced that First PacTrust has completed the acquisition of The Private Bank of California. The acquisition was accomplished by merging The Private Bank of California into Beach. Upon closing of the transaction, Beach was renamed
"
The Private Bank of California.
"
Steven Sugarman
,
C
hief
E
xecutive
O
fficer
of First PacTrust
, stated
"
We are thrilled to welcome The Private Bank of California and its talented employees to our organization. The closing of this transaction is an important step for
First PacTrust, which
now exceeds $3 billion in
consolidated
assets
. First PacTrust is increasingly well positioned to serve
the banking needs of the
most attractive
depositors
in the most
desirable
markets
of
Los Angeles, Orange and San Diego counties.
"
FIG Partners, LLC act
ed
as financial adviser to First PacTrust and Wachtell, Lipton, Rosen & Katz serv
ed
as legal counsel for this transaction. Milestone Advisors act
ed
as financial adviser to The Private Bank of California and King, Holmes, Paterno & Berliner, LLP serv
ed
as its legal counsel.
About First PacTrust Bancorp
Based in Irvine, Calif., First
PacTrust
Bancorp, Inc.
is the
multi-bank holding company of Pacific Trust Bank and
The Private Bank of California
,
with assets that
exceed
$3 billion operating
banking offices in
California
'
s
Los Angeles, Orange, San Diego and Riverside counties, and loan production offices in California, Arizona, Oregon, Montana and Washington.
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. These statements are necessarily subject to risk and uncertainty and actual results could differ materially from those anticipated due to various factors, including those set forth from time to time in the First PacTrust
'
s filings with the Securities and Exchange Commission. You should not place undue reliance on forward-looking statements and the First PacTrust undertakes no obligation to update any such statements to reflect circumstances or events that occur after the date on which the forward-looking statement is made.
Source: First PacTrust Bancorp, Inc.
Investor Relations Inquiries:
First PacTrust Bancorp, Inc.
Richard Herrin, 949-236-5300

text:
First PacTrust Bancorp
, Inc.

text:
The Private
Bank
of California

text: First PacTrust

text: The Private Bank of California

text: First PacTrust

text: The Private Bank of California

text:
First PacTrust Bancorp, Inc
.

text: First PacTrust

text: First PacTrust

text: The Private Bank of California

text: The Private Bank of California

text: The Private Bank of California

text: First PacTrust

text: The Private Bank of California

text: First PacTrust

text: First PacTrust

text: FIG Partners, LLC

override: organization

text: First PacTrust

text: Wachtell, Lipton, Rosen & Katz

text: Milestone Advisors

text: The Private Bank of California

text: King, Holmes, Paterno & Berliner, LLP

text: The Private Bank of California

text: First PacTrust

text: First PacTrust


text:
EX-99.1
3
a09-35708_1ex99d1.htm
EX-99.1
Exhibit 99.1
NEWS
FOR IMMEDIATE RELEASE
December 18, 2009
Contacts:
Financial/Investors
Christopher J. Carey, City
National, 310.888.6777
Chris.Carey@cnb.com
Media
Cary Walker, City National,
213.673.7615 (cell: 213.447.8269)
Cary.Walker@cnb.com
City National Acquires Banking Operations of Imperial
Capital Bank
Adds $3.4 Billion in Assets and $2.2 Billion in
Deposits
LOS ANGELES
-
City National Corporation (NYSE: CYN) today announced that its wholly
owned subsidiary, City National Bank, has acquired the banking operations of La
Jolla, Calif.-based Imperial Capital Bank in a purchase and assumption
agreement with the Federal Deposit Insurance Corporation (FDIC).
City National will acquire
approximately $3.4 billion in assets and approximately $2.2 billion of
deposits, including $500 million of core deposits, as of September 30,
2009. Imperial Capital Bank's $2.6 billion in loans will be subject to a
loss-sharing agreement with the FDIC. City National expects the acquisition to
be immediately accretive to earnings per share.
"Imperial Capital Bank is a
very good fit for City National, given that eight of its nine locations are in
communities we serve", said Chief Executive Officer Russell Goldsmith. "When we
complete the integration, Imperial Capital's clients will benefit from the much
greater capabilities and services of City National, and the clients of City
National will enjoy the added convenience of an expanded branch network. In
addition, we're pleased to contribute to the increased stability of the banking
system with an acquisition that will enable City National to become a somewhat
larger and more efficient and profitable company".
Today's acquisition
announcement follows a decision by the California Department of Financial
Institutions to close Imperial Capital and appoint the FDIC as receiver.
Imperial Capital's $2.2 billion of deposits include $500 million in core
deposits and $1.7 billion in certificates of deposit. Its assets include $2.6
billion in loans, which consist of approximately $1.6 billion in multi-family
residential loans, $600 million in commercial real estate and commercial and
industrial loans, and $400 million in construction loans.
- more -
Imperial Capital Bank's nine
branches will reopen for normal business hours on Monday, December 21.
They will continue to operate under Imperial Capital's name until the company's
systems are merged with those of City National Bank in the first half of 2010.
Until then, Imperial Capital's clients should use the same branches they do
today.
Imperial Capital's
depositors will benefit from the strength and soundness of City National Bank,
and their deposit accounts will remain insured by the FDIC, just as they were
before the acquisition. Imperial Capital's clients will retain complete access
to their money, and they may continue to write checks and use their ATM and
debit cards. Checks drawn on Imperial Capital Bank will continue to be
processed. Loan customers should continue to make their payments as usual.
ABOUT CITY
NATIONAL
Headquartered in Los
Angeles, City National is backed by $18.4 billion in total assets. The company
provides banking, investment and trust services through 64 offices, including
16 full-service regional centers, in Southern California, the San Francisco Bay
Area, Nevada and New York City. City National and its eight majority-owned
investment affiliates manage or administer $53.4 billion in client investment
assets, including nearly $35 billion under direct management.
For more information about
City National, visit the company's Website at cnb.com.
ABOUT
IMPERIAL CAPITAL
Imperial Capital Bank was
organized in 1974, and today it offers personal and business banking products
and services through branch locations in San Francisco, Encino, Glendale,
Beverly Hills, Costa Mesa, and San Diego, California; Carson City and Las
Vegas, Nevada; and Baltimore, Maryland. Its parent company, Imperial Capital
Bancorp, trades over-the-counter under the symbol "IMPC." For more information
on Imperial Capital Bancorp, go to www.icbancorp.com.
SAFE-HARBOR
LANGUAGE
This news release contains
forward-looking statements about the company, for which the company claims the
protection of the safe harbor provisions contained in the Private Securities
Litigation Reform Act of 1995.
Forward-looking statements
are based on management's knowledge and belief as of today and include
information concerning the company's possible or assumed future financial
condition, and its results of operations, business and earnings outlook. These
forward-looking statements are subject to risks and uncertainties. A number of
factors, some of which are beyond the company's ability to control or predict,
could cause future results to differ materially from those contemplated by such
forward-looking statements. These factors include (1) continuation or
worsening of current recessionary conditions, (2) continued volatility and
disruption in the functioning of financial markets, including the
2
capital and credit markets, (3) significant
changes in banking laws or regulations, including without limitation,
broad-based restructuring of financial industry regulation and as a result of
the Emergency Economic Stabilization Act and the creation of and possible amendments
to the Troubled Asset Relief Program (TARP), and rules and regulations
issued thereunder, including the TARP Standards for Compensation and Corporate
Governance, (4) the ongoing budget crisis in the State of California, (5) continued
weakness in the real estate market, including the markets for commercial and
residential real estate, which may affect, among other things, the level of
nonperforming assets, charge-offs and provision expense, (6) continued
volatility in equity, fixed income and other market valuations, (7) changes
in market rates and prices which may adversely impact the value of financial
products including securities, loans, deposits, debt and derivative financial
instruments, and other similar financial instruments, (8) changes in the
interest rate environment and market liquidity which may reduce interest
margins and impact funding sources, (9) increased competition in the
company's markets, (10) changes in the financial performance and/or
condition of the company's borrowers, including changes in levels of
unemployment, changes in customers' suppliers, and other counterparties'
performance and creditworthiness, (11) a substantial and permanent loss of
either client accounts and/or assets under management at the company's
investment advisory affiliates or its wealth management division, (12) changes
in consumer spending, borrowing and savings habits, (13) soundness of other
financial institutions which could adversely affect the company, (14) increases
and required prepayments in Federal Deposit Insurance Corporation premiums due
to market developments and regulatory changes, (15) protracted labor disputes
in the company's markets, (16) earthquake, fire or other natural disasters
affecting the condition of real estate collateral, (17) the effect of
acquisitions and integration of acquired businesses and de novo branching
efforts, (18) the impact of changes in regulatory, judicial or legislative tax
treatment of business transactions, (19) changes in accounting policies or
procedures as may be required by the Financial Accounting Standards Board or
regulatory agencies, and (20) the success of the company at managing the risks
involved in the foregoing.
Forward-looking statements
speak only as of the date they are made, and the company does not undertake to
update forward-looking statements to reflect circumstances or events that occur
after the date the statements are made, or to update earnings guidance,
including the factors that influence earnings.
For a more complete
discussion of these risks and uncertainties, see the company's Annual Report on
Form 10-K for the year ended December 31, 2008 and particularly Part I,
Item 1A, titled "Risk Factors".
# # #
3

text:
City
National

text: City National

text: City National

text:
Imperial
Capital Bank

text: City National Corporation

text: City National Bank

text: Federal Deposit Insurance Corporation

text: City National

text: Imperial Capital Bank

text: City National

text: Imperial Capital Bank

text: City National

text: City National

text:
City
National

text: City National

text: Imperial Capital Bank

text: City National Bank

text: City National Bank

text: Imperial Capital Bank

text:
CITY
NATIONAL

text: City National

text: City National

text: City National

text: Imperial Capital Bank

text: Federal Deposit Insurance Corporation


text:
EX-99.1
4
ex99_1.htm
EXHIBIT 99.1
ex99_1.htm
Exhibit 99.1
ARES MANAGEMENT, CANADA PENSION PLAN INVESTMENT BOARD AND GOLD/SCHIFFER FAMILY COMPLETE ACQUISITION OF 99¢ ONLY STORES
City of Commerce, CA- January 13, 2012
-
99¢ Only Stores®
(NYSE: NDN) (the "Company") today announced the completion of its acquisition by affiliates of Ares Management LLC, Canada Pension Plan Investment Board ("CPPIB") and the Gold/Schiffer Family for $22.00 per share in cash.
The transaction was approved by the affirmative vote of more than 82.46% of the outstanding shares of the Company's common stock at a special meeting of shareholders held on January 12, 2012. The Company's common stock will be delisted from the New York Stock Exchange.
Lazard Freres & Co. LLC acted as financial advisor to the Special Committee of the Company, and Morrison & Foerster LLP acted as the Special Committee's legal counsel. Guggenheim Securities, LLC and Skadden, Arps, Slate, Meagher & Flom LLP acted as advisors to the Gold/Schiffer family. RBC Capital Markets, BMO Capital Markets and Deutsche Bank Securities provided committed financing for the transaction. Proskauer Rose LLP acted as legal advisor to the acquirer and Ares, and Torys LLP acted as legal advisor to CPPIB. Munger, Tolles & Olson LLP acted as counsel to the Company.
About the Company
Founded in 1982, 99¢ Only Stores® currently operates 292 extreme value retail stores consisting of 214 stores in California, 36 in Texas, 29 in Arizona, and 13 in Nevada. 99¢ Only Stores® emphasizes quality name-brand consumables, priced at an excellent value, in convenient, attractively merchandised stores. Over half of the Company's sales come from food and beverages, including produce, dairy, deli and frozen foods, along with organic and gourmet foods.
About Ares Management LLC
Ares Management LLC is a global alternative asset manager and SEC registered investment adviser with approximately $47 billion of committed capital under management and approximately 480 employees as of December 31, 2011. The firm is headquartered in Los Angeles with professionals also located across the United States, Europe and Asia and has the ability to invest in all levels of a company's capital structure - from senior debt to common equity. The firm's investment activities are managed by dedicated teams in its Private Equity, Private Debt and Capital Markets investment platforms. Ares Management was built upon the fundamental principle that each platform benefits from being part of the greater whole. This multi-asset class synergy provides its professionals with insights into industry trends across the globe, access to significant deal flow and the ability to assess relative value.
The Ares Private Equity Group pursues majority or shared-control investments, principally in middle market companies with strong business franchises and in situations where its capital can serve as a catalyst for growth. Ares Management's private equity senior partners average more than 20 years of experience investing in, controlling, advising, and restructuring companies.
For additional information, visit www.aresmgmt.com.
About Canada Pension Plan Investment Board
CPPIB is a professional investment management organization that invests the funds not needed by the Canada Pension Plan to pay current benefits on behalf of 17 million Canadian contributors and beneficiaries. In order to build a diversified portfolio of CPP assets, CPPIB invests in public equities, private equities, real estate, inflation-linked bonds, infrastructure and fixed income instruments. Headquartered in Toronto, with offices in London and Hong Kong, CPPIB is governed and managed independently of the Canada Pension Plan and at arm's length from governments. At September 30, 2011, the CPP Fund totaled C$152
billion, of which C$25 billion was invested in private equity. For more information about CPPIB, please visit www.cppib.ca.
Contacts
:
For 99¢ Only Stores: Angela Thurstan, (323) 881-1272
For Ares Management LLC: Bill Mendel, Mendel Communications, (212) 397-1030,
bill@mendelcommunications.com
For Canada Pension Plan Investment Board: Linda Sims, Director, Media Relations, (416) 868-8695,
lsims@cppib.ca

text: 99¢ ONLY STORES

text: 99¢ Only Stores

label: fund

text: Ares Management LLC

override: fund

review_confirmation: Agent row audit 0000-1259

text: Lazard Freres & Co. LLC

text: Morrison & Foerster LLP

text: Guggenheim Securities, LLC

text: RBC Capital Markets

text: BMO Capital Markets

text: Deutsche Bank Securities

text: Proskauer Rose LLP

text: Torys LLP

text: Munger, Tolles & Olson LLP

text: 99¢ Only Stores

text: 99¢ Only Stores

text: Ares Management LLC

text: Ares Management LLC

text: Ares Private Equity Group

text: 99¢ Only Stores

text: Ares Management LLC

text: Linda Sims


text:
EX-99
13
ex99-1c.txt
EX-99.1
EXHIBIT 99.1
FOR IMMEDIATE RELEASE
XTRANA, INC. AND ALPHA INNOTECH CORPORATION ANNOUNCE
CLOSING OF REVERSE MERGER TRANSACTION,
1-FOR-10 REVERSE STOCK SPLIT AND NAME CHANGE
October 4, 2005 -- XTRANA, Inc. (OTCBB: XTRN) and Alpha Innotech Corporation
announced the closing, effective of as October 3, 2005, of the previously
announced reverse merger transaction. Pursuant to an Agreement and Plan of
Merger, Alpha Innotech Corporation was merged with a wholly-owned subsidiary of
Xtrana, with Alpha Innotech Corporation being the surviving operating entity and
becoming a wholly-owned subsidiary of Xtrana. As a result of the closing, the
historical business operations of Alpha Innotech will comprise Xtrana's
principal business operations going forward.
Alpha Innotech was founded in 1992 and is headquartered in San Leandro,
California. Alpha Innotech develops, manufactures and markets digital imaging
and detection systems for the life science research and drug discovery markets.
Alpha Innotech's goal is to combine instruments, reagents and bioinformatics
software to offer integrated modular technology platforms for the
electrophoresis, functional genomics, proteomics and cell analysis markets.
Alpha Innotech had revenues of $10.5 million for the fiscal year ended December
31, 2004 and expects revenues to increase at least 15% for the year ending
December 31, 2005 as compared to the prior year.
Pursuant to the merger, all outstanding capital stock of Alpha Innotech
Corporation was converted into the right to receive shares of Xtrana common
stock and all outstanding Alpha Innotech Corporation stock options and warrants
were converted into options and warrants to purchase Xtrana common stock. As a
result of the merger, the former Alpha Innotech shareholders now hold
approximately 83% of the outstanding common stock of the combined company and
stockholders who held Xtrana common stock immediately prior to the merger now
hold approximately 17% of the issued and outstanding common stock (excluding
options and warrants).
Alpha Innotech shareholders approved the merger earlier this month by written
consent. Xtrana stockholders approved the merger at the annual stockholders
meeting held yesterday. Additional information about the merger transaction, and
Alpha Innotech Corporation, can be found in Xtrana's Definitive Proxy Statement
on Schedule 14A filed with the Securities and Exchange Commission on August 12,
2005.
In connection with the closing of the merger, Haseeb Chaudhry was appointed as
the Chief Executive Officer of the Company and Darryl Ray, PhD, was appointed as
the President, Chief Operating Officer and Acting Chief Financial Officer. In
addition, in connection with the closing of the merger, the following directors
were appointed as members of the Board of Directors: Haseeb Chaudhry, Darryl
Ray, PhD, Nagesh Mahtre,
PhD, and William Snider, in addition to two continuing directors of Xtrana,
Michael D. Bick, Ph.D. and James H. Chamberlain.
"We are very pleased with the results of the vote", stated Darryl Ray, President
of the combined company. "We believe the merger will provide Alpha Innotech
access to additional resources needed to implement our plans to grow our
business through the introduction of innovative products for the life science
and drug discovery markets".
REVERSE STOCK SPLIT AND NAME CHANGE
In connection with the merger, Xtrana shareholders also approved a one-for-ten
reverse stock split and a proposal to change the name of the corporation from
Xtrana, Inc. to Alpha Innotech Corp. The reverse stock split and name change
were effective yesterday pursuant to a Certificate of Amendment to the Company's
Certificate of Incorporation filed with the Delaware Secretary of State.
The post-reverse-stock-split common stock of the Company is anticipated to start
trading on the NASD Over-the-Counter Bulletin Board under the name Alpha
Innotech Corp. on October 6, 2005.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements (identified by the words
"estimate", "anticipate", "expect", "believe", and similar expressions), which
are based upon management's current expectations and speak only as of the date
made. These forward-looking statements are subject to risks, uncertainties and
factors that could cause actual results to differ materially from the results
anticipated in the forward-looking statements and include, but are not limited
to, the timing of the introduction and success of new products by Alpha Innotech
Corporation, Alpha Innotech Corporation's growth prospects, as well as other
factors discussed in Xtrana's latest SEC Reports on Form 8-K, Form 10-KSB and
Forms 10-QSB.
CONTACT:
Darryl Ray
President
Alpha Innotech Corporation
(510) 483-9620
Dray@aicemail.com

text: XTRANA, INC.

text: ALPHA INNOTECH CORPORATION

text: XTRANA, Inc.

text: Alpha Innotech Corporation

text: Alpha Innotech Corporation

text: Alpha Innotech Corporation

text:
Alpha Innotech
Corporation

text: Alpha Innotech Corporation

text: Alpha Innotech Corporation

text: Darryl Ray

text:
Darryl
Ray

text: Darryl Ray

text: Xtrana, Inc.

text:
Alpha Innotech
Corporation

text: Alpha Innotech Corporation

text: Darryl Ray

text: Alpha Innotech Corporation


text:
EX-99.1
3
pr.htm
PRESS RELEASE
EXHIBIT 99.1
Emclaire Financial Corp
612 Main Street ♦ Emlenton, PA 16373-0046
Phone: (844) 767-2311/FAX: (724) 867-9326
P R E S S R E L E A S E
RELEASE DATE:
CONTACT:
Monday, October 2, 2017
William C. Marsh
Chairman, President and
Chief Executive Officer
Emclaire Financial Corp
Phone: (844) 800-2193
Email: investor.relations@farmersnb.com
Emclaire Financial Corp Announces Completion of its
Acquisition of Northern Hancock Bank and Trust Co.
Emlenton, PA, October 2, 2017 - Emclaire Financial Corp (NASDAQ: EMCF) (Emclaire), the parent holding company of The Farmers National Bank of Emlenton (Farmers National), announced today that, as of September 30, 2017, they have completed the acquisition of Northern Hancock Bank and Trust Co., Newell, West Virginia (Northern Hancock).
The transaction has expanded Emclaire's franchise into Hancock County, West Virginia and increased Emclaire's consolidated total assets and total deposits to approximately $750 million and $629 million, respectively. The merger is expected to be immediately accretive to Emclaire's earnings for the remainder of 2017, excluding one-time charges, and 6% accretive to 2018 earnings and higher in future years. No additional capital was needed to complete the transaction and Emclaire and Farmers National remain "well-capitalized" institutions for regulatory purposes.
William C. Marsh, Chairman, President and Chief Executive Officer of Emclaire and Farmers National, stated, "We are pleased to welcome all Northern Hancock depositors and customers to the Emclaire family. We are excited to expand our franchise into the upper panhandle of West Virginia and look forward to building upon and enhancing the customer relationships that Northern Hancock developed over the years. We believe we can provide Northern Hancock customers with a broader array of banking services, including expanded commercial and consumer lending capabilities and a more robust array of depository products and services. The acquisition of Northern Hancock, near the proposed Shell cracker plant in adjacent Beaver County, along with the recent opening of our new full-service banking office in Aspinwall, Pennsylvania (a Pittsburgh suburb) reflects our strategy to profitably grow our banking franchise in desirable contiguous markets".
Mark A. Mangano, President and Chief Executive Officer of Northern Hancock, said, "We are pleased to have joined forces with Emclaire and Farmers National. We are excited about the new products and services that will be available to our customers".
Silver, Freedman, Taff & Tiernan LLP, Washington, DC acted as legal counsel to Emclaire in the transaction. Keevican, Weiss, Bauerle & Hirsh, LLC, Pittsburgh, Pennsylvania acted as legal counsel and Renaissance Partners, LLC acted as financial advisor to Northern Hancock.
Emclaire Financial Corp
Press Release
Page 2
About Emclaire Financial Corp
Emclaire Financial Corp is the parent company of The Farmers National Bank of Emlenton, an independent, nationally chartered, FDIC-insured community bank headquartered in Emlenton, Pennsylvania, operating 18 full service offices in Pittsburgh and in Venango, Butler, Clarion, Clearfield, Crawford, Elk, Jefferson and Mercer counties, Pennsylvania as well as Hancock county, West Virginia. Emclaire's common stock is quoted on and traded through the NASDAQ Capital Market under the symbol "EMCF". For more information, visit Emclaire's website at "www.emclairefinancial.com".
Forward-looking Statements:
This release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements do not relate strictly to historical or current facts. Forward-looking statements reflect management's current views and estimates of future economic circumstances, industry conditions, company performance and financial results. They often include the words "believe", "expect", "anticipate", "intend", "plan", "estimate" or words of similar meaning, or future or conditional verbs such as "will", "would", "should", "could" or "may." Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors - many of which are beyond our control - could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. Forward-looking statements regarding the transaction are based upon currently available information.
Actual results could differ materially from those indicated in forward-looking statements. Among other factors, actual results may differ from those described in forward-looking statements due to: the anticipated benefits from the proposed transaction are not realized in the time frame anticipated or at all as a result of changes in general economic and market conditions, interest rates, laws and regulations and their enforcement, and the degree of competition in our markets; the ability to promptly and effectively integrate the businesses of the companies; the reaction of the companies' customers to the transaction; diversion of management time on merger-related issues; changes in asset quality and credit risk; the inability to sustain revenue and earnings; and competitive conditions.
Emclaire's Annual Report on Form 10-K and other reports filed with the SEC describe some additional factors which could cause actual conditions, events or results to differ significantly from those described in forward-looking statements.
Forward-looking statements speak only as of the date they are made. Copies of Emclaire's reports filed with the SEC are available in the Financial Information section of Emclaire's website, www.emclairefinancial.com. We do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made or to reflect the occurrence of unanticipated events.

text: Emclaire Financial Corp

text: William C. Marsh

text: Emclaire Financial Corp

text: Emclaire Financial Corp

text: Northern Hancock Bank and Trust Co.

text: Emclaire Financial Corp

text: Northern Hancock Bank and Trust Co.

text: Northern Hancock

text: William C. Marsh

text: Northern Hancock

text: Northern Hancock

text: Northern Hancock

text: Northern Hancock

text: Mark A. Mangano

text: Northern Hancock

text: Silver, Freedman, Taff & Tiernan LLP

text: Keevican, Weiss, Bauerle & Hirsh, LLC

text: Renaissance Partners, LLC

text: Northern Hancock

text: Emclaire Financial Corp

text: Emclaire Financial Corp

text: Emclaire Financial Corp


text:
EX-99.1
3
irt-ex991_6.htm
EX-99.1
irt-ex991_6.htm
Exhibit 99.1
Independence Realty Trust and Steadfast Apartment REIT Complete Strategic Merger
PHILADELPHIA, PA and IRVINE, CA, December 16, 2021 -- (BUSINESS WIRE) -- Independence Realty Trust, Inc. (NYSE: IRT) ("IRT") and Steadfast Apartment REIT, Inc. ("STAR")
today announced the completion of the merger transaction between the two companies, forming a combined company with an equity market capitalization of approximately $5.6 billion and a total enterprise value of approximately $8.3 billion, as of market close on December 15, 2021. The transaction was previously approved by both companies' stockholders at their respective special meetings held on December 13, 2021. The combined company, headquartered in Philadelphia, Pennsylvania, will retain the Independence Realty Trust name and will trade under the existing ticker symbol "IRT" on the New York Stock Exchange.
"We are excited to announce the successful completion of our merger with STAR, together forming a leading public multifamily REIT focused on the high-growth U.S. Sunbelt region", said Scott F. Schaeffer, IRT's Chairman and CEO. "Our combined company creates a best-in-class operating platform, further redevelopment opportunities and notable economies of scale in markets where we expect to benefit from strong growth fundamentals. We remain on-track to generate approximately $28 million in annual synergies and realize the immediate accretion to Core FFO per share. Our future is bright as we unite two high-quality portfolios in attractive non-gateway markets, and look to strengthen and expand our business, while delivering long-term value for our stakeholders".
Leadership and Organization
Concurrently with the completion of the merger, the number of directors on IRT's Board of Directors was increased to 10, and five incumbent directors of the STAR Board of Directors, Stephen R. Bowie, Ned W. Brines, Ana Marie del Rio, Ella S. Neyland and Thomas H. Purcell, joined the following five incumbent directors of the IRT Board of Directors, Scott F. Schaeffer, Richard D. Gebert, Melinda H. McClure, DeForest Blake Soaries Jr., and Lisa Washington. Scott F. Schaeffer continues to serve as CEO and Chairman of the Board of Directors.
James J. Sebra continues to serve as Chief Financial Officer of the combined company. Farrell Ender continues to serve as President of the combined company. Jessica Norman, formerly IRT's Executive Vice President and General Counsel, serves as Chief Legal Officer of the combined company. Ella S. Neyland, formerly STAR's President, Chief Financial Officer and Treasurer, joined the combined company as its Chief Operating Officer.
The Merger
As a result of the merger, each former share of STAR common stock has been converted into 0.905 shares of newly issued IRT common stock, and cash in lieu of fractional shares. On a pro forma basis former STAR common stockholders hold approximately 47% of the combined company's common equity, with continuing IRT common stockholders holding approximately 53% of the combined company.
Portfolio Optimization and Capital Allocation Update
As part of the merger, IRT identified nine assets to sell in order to manage market concentrations. In the fourth quarter of 2021, five assets were sold, two from the legacy IRT portfolio and three from STAR, while the remaining four legacy IRT assets are expected to be disposed of during the first quarter of 2022. IRT expects to receive total gross proceeds of approximately $404 million for the nine assets sold,
representing an economic cap rate of approximately 3.8%. Proceeds from these non-core asset sales, along with proceeds received from IRT's July forward equity offering totaling approximately $271.8 million will be used to pay down debt of the combined company.
Advisors
Barclays is acting as lead financial advisor and BMO Capital Markets is acting as financial advisor, and Troutman Pepper Hamilton Sanders LLP is acting as legal advisor to IRT. RBC Capital Markets and Robert A. Stanger & Co. are acting as financial advisors, and Morrison & Foerster LLP is acting as legal advisor to STAR.
About IRT
Independence Realty Trust (NYSE: IRT) is a real estate investment trust that owns and operates multifamily apartment properties across non-gateway U.S. markets, including Atlanta, Dallas, Louisville, Memphis, Raleigh and Tampa. IRT's investment strategy is focused on gaining scale within key amenity rich submarkets that offer good school districts, high-quality retail and major employment centers. IRT aims to provide stockholders attractive risk-adjusted returns through diligent portfolio management, strong operational performance, and a consistent return on capital through distributions and capital appreciation. More information may be found on IRT's website
www.irtliving.com
.
Forward-Looking Statements
This press release contains 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. Securities Exchange Act of 1934, as amended. These forward-looking statements, which are based on current expectations, estimates and projections about the industry and markets in which the combined company operates and beliefs of and assumptions made by IRT management, involve uncertainties that could significantly affect the financial results of the combined company. Words such as "expects", "anticipates", "intends", "plans", "believes", "seeks", "estimates", and variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature. Such forward-looking statements include, but are not limited to, statements about the anticipated benefits of the merger, including future financial and operating results, and the combined company's plans, objectives, expectations and intentions. All statements that address financial and operating performance, events or developments that we expect or anticipate will occur or be achieved in the future are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: risks related to the impact of COVID-19 and other potential future outbreaks of infectious diseases on our financial condition, results of operations, cash flows and performance and those of our residents as well as on the economy and real estate and financial markets; changes in market demand for rental apartment homes and pricing pressures, including from competitors, that could limit our ability to lease units or increase rents or that could lead to declines in occupancy and rent levels; uncertainty and volatility in capital and credit markets, including changes that reduce availability, and increase costs, of capital; inability of tenants to meet their rent and other lease obligations and charge-offs in excess of our allowance for bad debt; legislative restrictions that may delay or limit collections of past due rents; risks endemic to real estate and the real estate industry generally; impairment charges; the effects of natural and other disasters; delays in completing, and cost overruns incurred in connection with, our value add initiatives and failure to achieve projected rent increases and occupancy levels on account of the initiatives; any effects of the completion of the merger, including failure to realize the cost savings, synergies and other benefits expected to result from the merger; the ability to successfully integrate the IRT and STAR businesses; unexpected costs of REIT qualification compliance; unexpected changes in our intention or ability to repay certain debt prior to maturity; inability to sell certain assets within the time frames or at the pricing levels expected; costs and disruptions as the result of a cybersecurity incident or other technology disruption; and share price fluctuations those additional risks and factors discussed in reports filed with the Securities and Exchange
Commission by IRT from time to time, including those discussed under the heading "Risk Factors" in our most recently filed reports on Forms 10-K and 10-Q. We undertake no obligation to update these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except as may be required by law.
Independence Realty Trust, Inc. Contact
Edelman Financial Communications & Capital Markets
Ted McHugh and Lauren Torres
917-365-7979
IRT@edelman.com
Source: Independence Realty Trust, Inc.

text: Independence Realty Trust

text: Steadfast Apartment REIT

text: Independence Realty Trust, Inc.

text: Steadfast Apartment REIT, Inc.

text: STAR

text: Independence Realty Trust

text: STAR

text: STAR

text: STAR

text: STAR

text: STAR

text: STAR

text: Barclays

text: BMO Capital Markets

text: Troutman Pepper Hamilton Sanders LLP

text: RBC Capital Markets

text: Robert A. Stanger & Co

text: Morrison & Foerster LLP is

text: STAR

text: Independence Realty Trust

text: STAR

text: Independence Realty Trust, Inc.

text: Independence Realty Trust, Inc.


text:
EX-99.1
2
tm2032215d1_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
Press Release
Akorn Successfully Completes Sale to Lenders and Exits Chapter
11 Protection
Company positioned to enter its next phase of growth with
new ownership and a more sustainable capital structure
LAKE FOREST, Ill., Oct. 1, 2020 -- Akorn, a leading specialty
pharmaceutical company
("Akorn" or the "Company")
, today announced
the successful completion of its sale to certain of the Company's term loan lenders, which was approved by the United States
Bankruptcy Court for the District of Delaware
(the "
Bankruptcy Court
")
on
September 2, 2020. This milestone marks the culmination of Akorn's Chapter 11
cases,
with the Company
well-positioned to continue to fulfill its mission to improve patients' lives through the quality,
availability and affordability of its products.
In tandem with the completion of the sale, Akorn's long-term
debt has been cut by more than half, and the Company has secured a revolving credit line to ensure a stronger balance sheet and
operating flexibility as it looks to enter a new phase of growth.
Doug Boothe, Akorn's
President and Chief Executive Officer, commented,
"Today marks the start of an exciting new chapter for Akorn. We
are moving forward with significantly reduced debt, better cash flow, strong operations and a diverse product portfolio that positions
Akorn well for long-term growth and a brighter future in the years to come. Our ability to achieve the goals we set at the beginning
of our restructuring process is a testament to the hard work and support of our associates, as well as the dedicated partnership
of our lenders, customers and suppliers throughout this process".
Following the official completion of the transaction, Akorn
is now operating as a private entity under the legal name of Akorn Operating Company LLC.
Cautionary Note Regarding Forward-Looking Statements
This press release includes statements that may constitute "forward-looking
statements", including those regarding the Company's long-term business plan and outlook. A number of important factors
could cause actual results of the Company and its subsidiaries to differ materially from those indicated by such forward-looking
statements and readers should not place undue reliance on the Company's forward-looking statements. These forward-looking
statements are based on information, plans and estimates at the date of this release. The Company undertakes no obligation to update
any forward-looking statements to reflect changes in underlying assumptions or factors, new information, future events or other
changes.
About Akorn:
Akorn develops, manufactures and markets specialty pharmaceuticals,
including prescription, consumer health and animal health products. As an industry leader in branded and generic products in alternate
dosage forms such as ophthalmics, injectables, oral liquids, otics, topicals, inhalants and nasal sprays, we focus each day on
our mission to improve lives, through the quality, availability and affordability of our products. Additional information is available
on Akorn's website at
www.akorn.com
.
Media:
Akorn@fticonsulting.com

text: Akorn

text: Lenders

text: Akorn

text: Akorn

text: loan lenders

text: Akorn

text: Akorn

text: Akorn

text: Akorn

text: Akorn

text: Akorn

text: Akorn

text: Akorn

text: Akorn

text: Akorn


text:
EX-99.1
3
ex99-1.htm
EXHIBIT 99.1
ex99-1.htm
Exhibit 99.1
News Release For Immediate Release
Contact:
Rachel Stern
FactSet Research Systems Inc.
203.810.1000
FactSet Completes Sale of Market Metrics Business and Updates Fourth Quarter Fiscal 2016 Guidance
NORWALK, Conn., July 5, 2016 - FactSet Research Systems Inc. (NYSE:FDS) (NASDAQ:FDS), a leading provider of integrated financial information and analytical applications, today announced it has completed the sale of its market research business, consisting of Market Metrics and Matrix Solutions, to Asset International, a portfolio company of Genstar Capital. Upon completion of the sale on July 1, 2016, FactSet received $165 million in cash, less certain adjustments including, among others, a customary working capital adjustment. Upon the achievement of certain growth targets over the next two years by the market research business that has been sold, FactSet would be entitled to an additional earn-out of $10 million.
Updated Business Outlook for the Fourth Quarter of Fiscal 2016
The following forward-looking statements reflect FactSet's expectations as of today's date. Given the risk factors, uncertainties and assumptions discussed below, actual results may differ materially. FactSet does not intend to update its forward-looking statements until its next quarterly results announcement, other than in publicly available statements.
Fourth Quarter Fiscal 2016 Expectations:
●
Revenues are expected to range between $286 million and $292 million.
●
GAAP operating margin is expected to range between 31.0% and 32.0%. Adjusted operating margin is expected to range between 32.5% and 33.5%.
●
The annual effective tax rate is expected to range between 28.0% and 29.0%.
●
GAAP diluted EPS should range between $1.61 and $1.65. Adjusted EPS is expected to range between $1.68 and $1.72. The midpoint of the adjusted EPS range represents 12.6% growth over the prior year.
$120 Million Accelerated Share Repurchase Program
On July 1, 2016 FactSet entered into an accelerated share repurchase agreement with Bank of America, N.A. ("BofA") to repurchase $120 million of FactSet's common stock. This agreement was entered into pursuant to FactSet's previously announced $165 million share repurchase program approved by FactSet's Board of Directors on May 19, 2016. FactSet expects to receive from BofA approximately 0.6 million shares of FactSet's common stock on July 5, 2016. At final settlement of the agreement, which is expected to occur no later than the first quarter of fiscal 2017 and may occur earlier in certain circumstances, BofA may be required to deliver additional shares of common stock to FactSet, or, under certain circumstances, FactSet may be required to deliver shares of its common stock or may elect to make a cash payment to BofA, with the number of shares to be delivered or the amount of such payment based on the volume-weighted average price of FactSet's common stock during the term of the transaction and subject to adjustments pursuant to the terms of the agreement.
About FactSet
FactSet delivers the world's best insight and information to investment professionals through superior analytics, service, content, and technology. More than 63,000 users make smarter investment decisions with FactSet's desktop analytics, mobile applications, and comprehensive data feeds. FactSet is also an honoree of Fortune's 100 Best Companies to Work For and a Best Workplace Award recipient in the United Kingdom and France. FactSet is listed on the New York Stock Exchange and NASDAQ (NYSE:FDS | NASDAQ:FDS).
1
News Release For Immediate Release
Contact:
Rachel Stern
FactSet Research Systems Inc.
203.810.1000
Forward-looking Statements
This news release contains forward-looking statements based on management's current expectations, estimates and projections. All statements that address expectations or projections about the future, including statements about the Company's strategy for growth, product development, market position, subscriptions, expected expenditures and financial results are forward-looking statements. Forward-looking statements may be identified by words like "expects", "anticipates", "plans", "intends", "projects", "should", "indicates", "continues", "subscriptions" and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Many factors, including those discussed more fully elsewhere in this release and in FactSet's filings with the Securities and Exchange Commission, particularly its latest annual report on Form 10-K and quarterly reports on Form 10-Q, as well as others, could cause results to differ materially from those stated. These factors include, but are not limited to: the current status of the global economy; the ability to integrate newly acquired companies and businesses; the stability of global securities markets; the ability to hire qualified personnel; the maintenance of the Company's leading technological position; the impact of global market trends on the Company's revenue growth rate and future results of operations; the negotiation of contract terms with corporate vendors, data suppliers and potential landlords; the retention of key clients; the successful resolution of ongoing audits by tax authorities; the continued employment of key personnel; the absence of U.S. or foreign governmental regulation restricting international business; and the sustainability of historical levels of profitability and growth rates in cash flow generation.
2

text: FactSet Research Systems Inc.

text: FactSet

text: FactSet Research Systems Inc.

text: Asset International

text: Genstar Capital

text: FactSet

text: FactSet

text: FactSet

text: FactSet

text: FactSet

text: FactSet

text: FactSet

text: FactSet

text: FactSet

text: FactSet

text: FactSet

text: FactSet

text: FactSet

text: FactSet

text: FactSet

text: FactSet

text: FactSet

text: FactSet

text: FactSet Research Systems Inc.

text: FactSet