text:
EX-99.1
4
a15-20780_1ex99d1.htm
EX-99.1
Exhibit 99.1
DTS COMPLETES ACQUISITION OF IBIQUITY DIGITAL CORPORATION
CALABASAS, Calif.
, Oct. 5, 2015 (GLOBE NEWSWIRE) - DTS, Inc. (Nasdaq:DTSI), a leader in high-definition audio solutions and audio enhancement technologies, today announced it has completed the acquisition of iBiquity Digital Corporation for approximately $172 million. The acquisition, which was financed with a combination of cash on hand and debt, extends DTS' mission to deliver a personalized, immersive and compelling experience across the network-connected entertainment value chain.
iBiquity is the exclusive developer and licensor of HD Radio technology, the only FCC-approved method for upgrading AM/FM broadcasting from analog to digital. iBiquity's partners include leading automakers, consumer electronics and broadcast equipment manufacturers, radio broadcasters, semiconductor and electronic component manufacturers and retailers.
iBiquity has successfully driven penetration of HD Radio technology in the North American automotive OEM market. HD Radio technology was built into approximately 35% of cars sold in the U.S. in 2014, and DTS expects the majority of North American vehicles to come equipped with HD Radio technology over time. The combination is expected to provide opportunities for additional geographic, service and technology expansion and DTS anticipates that it will be accretive on a non-GAAP basis beginning in the first quarter of 2016.
"We are thrilled to bring together two companies focused on delivering the highest quality experiences across the digital entertainment spectrum", said Jon Kirchner, chairman and CEO of DTS. "This acquisition bolsters our prospects for attractive, long-term growth by increasing our footprint in the broadcast and automotive spaces and adding key IP and technology to our portfolio. We are pleased to welcome Bob Struble and the talented HD Radio team to the DTS family and look forward to working together to provide an even stronger suite of audio technology and experience solutions, whether home, mobile or auto".
Bob Struble will continue to lead the HD Radio business for DTS, which will remain based in Columbia, Maryland.
About DTS, Inc.
Since 1993, DTS, Inc. (Nasdaq:DTSI) has been dedicated to making the world sound better. Through its pioneering audio solutions for mobile devices, home theater systems, cinemas and beyond, DTS provides incredibly high-quality, immersive and engaging audio experiences to listeners everywhere. DTS technology is integrated in more than two billion devices globally, and the world's leading video and music streaming services are increasingly choosing DTS to deliver premium sound to their listeners' network-connected devices. For more information, please visit www.dts.com.
Investor Contact
DTS, Inc.
Geri Weinfeld
Director, Investor Relations
geri.weinfeld@dts.com
1
(818) 436-1231
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks, uncertainties, assumptions and other factors which, if they do not materialize or prove correct, could cause DTS' results to differ materially from historical results or those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words "planned", "expects", "believes", "intends", "strategy", "opportunity", "anticipates" and similar words. These statements may include, among others, the benefits of the transaction involving DTS and iBiquity, including future financial and operating results, the combined company's plans, objectives, expectations and intentions, the anticipated opportunities for additional geographic, service and technology expansion and any statements of assumptions underlying any of the foregoing.
All statements that address operating performance, events or developments that we expect or anticipate will occur in the future - including statements relating to the increasing availability of HD Radio receivers in new vehicles, opportunities for additional geographic, service and technology expansion, and integrating our companies - 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. For example, these forward-looking statements could be affected by factors including, without limitation:
· the possibility that the combined company may be adversely affected by economic, business and/or competitive factors;
· the availability of HD Radio receivers in new vehicles;
· the ability to successfully complete the integration of the business being acquired from iBiquity by, among other things, realizing revenue, expense and other synergies, renewing contracts on competitive terms, successfully leveraging the information technology platform of the acquired business, and retaining key personnel; and
· any adverse effect to the combined company due to uncertainty relating to the transaction.
This list of important factors is not intended to be exhaustive. Additional risks and factors are discussed in reports filed with the Securities and Exchange Commission ("SEC") by DTS from time to time, including those discussed under the heading "Risk Factors" in its most recently filed reports on Form 10-K and 10-Q. DTS assumes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Readers are urged not to place undue reliance on these forward looking statements, which speak only as of the date of this press release. DTS does not intend to update any forward-looking statement contained in this press release to reflect events or circumstances arising after the date hereof.
DTS-I
###
2

text: DTS

text: IBIQUITY DIGITAL CORPORATION

text: DTS, Inc.

text: iBiquity Digital Corporation

text: DTS

text: DTS

text: DTS

text: Jon Kirchner

text: DTS

text: DTS

text: DTS

text: DTS, Inc.

text: DTS, Inc.

text: DTS

text: DTS

text: DTS

text: DTS, Inc.

text: Geri Weinfeld

text: DTS

text: DTS

text: DTS

text: DTS

text: DTS


dataset: buster

text:
EX-99.1
3
co19351315-ex99_1.htm
PRESS RELEASE
co19351315-ex99_1.htm
EXHIBIT 99.1
CONTACT:
William Koziel
(847) 597-8800
Così, Inc. Announces New Franchisee For The D. C. Market
DEERFIELD, IL - April 27, 2010 - Cos
ì
, Inc. (NASDAQ: COSI), the premium convenience restaurant company, today announced that it has sold thirteen restaurants in the Washington D. C. market to Capitol C Restaurants LLC ("Capitol C") for $8.4 million. The restaurants will be operated under a franchise agreement between the parties and Capitol C has entered into a development agreement to open six additional Cos
ì
restaurants in the District of Columbia. Capitol C is led by Richard Pawlowski, Principal and Chief Executive Officer. Mr. Pawlowski is an experienced multi-unit restaurant operator and developer in the D. C. market.
Under the terms of the Asset Purchase and Sale Agreement, $6.4 million of the purchase price was paid in cash at closing, $1.4 million is to be paid pursuant to a three-year note and the balance of $0.6 million is being held in escrow subject to the satisfaction of certain conditions.
"We are pleased to have a franchisee of Richard's caliber join the Cos
ì
system", said James Hyatt, Cos
ì
's President and Chief Executive Officer. "He is a seasoned operator and developer who fully understands the D.C. market. He aligns perfectly with the profile of our ideal franchisee. As we continue to operate 11 company-owned restaurants in the greater Washington D. C. area, we look forward to working together with Richard and his team to further develop the brand in this market".
"Cos
ì
is an exciting concept with delicious food, innovative menu offerings and a great casual ambience" stated Pawlowski. "We look forward to working collaboratively with Cos
ì
to expand the brand in the D. C. market".
Mr. Hyatt further commented, "This transaction fits our strategic plan of expanding the brand by assembling experienced operators with proven abilities to develop new restaurants and providing them with quality development area opportunities. Capitol C's joining the Cos
ì
family demonstrates our ability to attract the finest quality franchisees and reinforces our conviction in the brand and its potential. In addition, this transaction will provide us with additional capital to stimulate revenue growth, support franchisee growth, selectively develop company-owned stores and otherwise enhance stockholder value".
About Così, Inc.
Così (http://www.getcosi.com) is a national premium convenience restaurant chain that has developed featured foods built around a secret, generations-old recipe for crackly crust flatbread. This artisan bread is freshly baked in front of customers throughout the day in open flame stone hearth ovens prominently located in each of the restaurants. Così's warm and urbane atmosphere is geared towards its sophisticated, upscale, urban and suburban guests. There are currently 99 Company-owned and 44 franchise restaurants operating in eighteen states, the District of Columbia and the United Arab Emirates. The Così vision is to become America's favorite premium convenience restaurant by providing customers authentic, innovative, savory food while remaining an affordable luxury.
The Così menu features Così sandwiches, freshly-tossed salads, melts, soups, Così bagels, flatbread pizzas, S'mores, snacks and other desserts, and a wide range of coffee and coffee-based drinks and other specialty beverages. Così restaurants are designed to be welcoming and comfortable with an eclectic environment. Così's sights, sounds, and spaces create a tasteful, relaxed ambience that provides a fresh and new dining experience.
"Così", and "(Sun & Moon Design)", and related marks are registered trademarks of Così, Inc.
Copyright © 2010 Così, Inc. All rights reserved.
"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. This press release contains statements that constitute forward- looking statements under the federal securities laws. Forward-looking statements are statements about future events and expectations and not statements of historical fact. The words "believe", "may", "will", "should", "anticipate", "estimate", "expect", "intend", "objective", "seek", "plan", "strive", or similar words, or negatives of these words, identify forward- looking statements. We qualify any forward-looking statements entirely by these cautionary factors. Forward-looking statements are based on management's beliefs, assumptions and expectations of our future economic performance, taking into account the information currently available to management. Forward-looking statements involve risks and uncertainties that may cause our actual results, performance or financial condition to differ materially from the expectations of future results, performance or financial condition we express or imply in any forward-looking statements. Factors that could contribute to these differences include, but are not limited to: the cost of our principal food products and supply and delivery shortages or interruptions; labor shortages or increased labor costs; changes in consumer preferences and demographic trends; expansion into new markets including foreign markets; our ability to locate suitable restaurant sites in new and existing markets and negotiate acceptable lease terms; competition in our markets, both in our business and in locating suitable restaurant sites; our operation and execution in new and existing markets; our ability to recruit, train and retain qualified corporate and restaurant personnel and management; cost effective and timely planning, design and build-out of restaurants; our ability to attract and retain qualified franchisees; the availability and cost of additional financing, both to fund our existing operations and to open new restaurants; the rate of our internal growth and our ability to generate increased revenue from our existing restaurants; our ability to generate positive cash flow from existing and new restaurants; the reliability of our customer and market studies; fluctuations in our quarterly results due to seasonality; increased government regulation and our ability to secure required governmental approvals and permits; our ability to create customer awareness of our restaurants in new markets; market saturation due to new restaurant openings; inadequate protection of our intellectual property; adverse weather conditions which impact customer traffic at our restaurants and adverse economic conditions. Further information regarding factors that could affect our results and the statements made herein are included in our filings with the Securities and Exchange Commission.
Additional information is available on Così's website at
http://www.getcosi.com in the investor relations section.

label: organization

text:
Cos
ì
, Inc.

text: Capitol C Restaurants LLC

label: person

text: Richard Pawlowski

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
5
v317508_ex99-1.htm
EXHIBIT 99.1
Smart Balance Completes Acquisition of
Udi's Healthy Foods, LLC
Closes New Senior Secured Credit Facility
Expected to Accelerate Organic Growth
Rate & Diversify Mix to Natural Brands
Paramus, N.J. (July 2, 2012)
- Smart Balance, Inc.
(NasdaqGM: SMBL) today announced it completed its previously announced acquisition of Udi's Healthy Foods, LLC (Udi's)
for $125 million in cash from majority unit holder Hubson Acquisition, LLC, an affiliate of E&A Industries based in Indianapolis,
the family of founder Udi Bar-on, and other minority unit holders. Total consideration, including transaction fees and other ordinary
related adjustments, was approximately $126 million in cash, subject to a final working capital adjustment.
The acquisition, as well as the refinancing of existing outstanding
debt, was financed with the proceeds of a new $280 million senior secured credit facility. The facility, which has an overall effective
interest rate of approximately 7.5% is comprised of a $240 million term loan scheduled to mature in July of 2018 and a $40 million
revolving credit facility scheduled to mature on June 30, 2017. As of the close of the transaction, the Company's net debt
is approximately $237 million.
The credit agreement, which includes the specific terms and
covenants governing the Company's credit facility, will be included in a Current Report on Form 8-K to be filed by the Company
with the Securities and Exchange Commission.
Commenting on the announcement, Chairman and Chief Executive
Officer Stephen Hughes stated, "We are excited to include Udi's Healthy Foods in our portfolio of health and wellness
brands and believe this transaction to be transformational to our company, as it positions Smart Balance as a leader in gluten-free,
accelerates our growth rate, and further diversifies our mix toward high-growth natural brands. As a result, we expect the Company's
organic revenue growth rate to accelerate, and we look forward to providing our initial outlook on Udi's in connection with
our second quarter call on August 2, 2012".
BMO Capital Markets and Citigroup acted as joint-lead arrangers
in financing the transaction.
The Company granted option awards for a total of 957,500 shares
of common stock to 65 of Udi's employees as an inducement to join the Company in connection with the acquisition. The awards
were granted under a newly adopted Smart Balance, Inc. 2012 Inducement Award Plan. The options have a ten year term and an exercise
price equal to the fair market value of Company common stock on the date of grant. The options vest in four equal annual installments
beginning on July 2, 2013, the first anniversary of the grant date.
1
Forward-looking Statements
Statements made in this press release that are not historical
facts, including statements about the Company's plans, strategies, beliefs and expectations, are forward-looking and subject
to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements may include use of the
words "expect", "anticipate", "plan", "intend", "project", "may",
"believe" and similar expressions. Forward-looking statements speak only as of the date they are made, and, except
for the Company's ongoing obligations under the U.S. federal securities laws, the Company undertakes no obligation to publicly
update any forward-looking statement, whether to reflect actual results of operations, changes in financial condition, changes
in general economic or business conditions, changes in estimates, expectations or assumptions, or circumstances or events arising
after the issuance of this press release. Actual results may differ materially from such forward-looking statements for a number
of reasons, including (i) the Company's ability to: maintain and grow those revenues derived from our Smart Balance®
buttery spread products from which we generate a substantial portion of our revenues; maintain margins during periods of commodity
cost fluctuations; introduce and expand distribution of our new products; meet marketing and infrastructure needs; respond to changes
in consumer demand; respond to adverse publicity affecting the Company or industry; maintain our performance during difficult economic
conditions; comply with regulatory requirements; maintain existing relationships with and secure new customers; continue to rely
on third party distributors, manufacturers and suppliers; successfully integrate and operate the Glutino business and realize the
expected benefits of the Glutino acquisition; operate outside of the U.S.; successfully maintain relationships with the co-packers
for our Glutino® and Gluten-Free Pantry® products; grow net sales in a competitive environment and with increasingly price
sensitive consumers; and maintain volume in light of price increases stemming from rises in commodity costs; (ii) the Company's
ability to successfully integrate and operate the Udi's business and realize the expected benefits of the Udi's acquisition;
potential changes to future tax rates; unexpected costs, charges, liabilities, or expenses resulting from the transaction; potential
adverse reactions or changes in business relationships resulting from the transaction; and the possibility that Udi's growth may
occur at a rate less than the Company anticipates; and (iii) those other risks and uncertainties set forth in the Company's
filings with the SEC.
About Smart Balance, Inc.
Smart Balance, Inc. (NasdaqGM: SMBL) is committed to providing superior tasting, solution-driven products in every category
it enters. The Company's health and wellness platform consists of four brands that target specific consumer needs:
Smart Balance for heart healthier diets; Glutino and Udi's for gluten-free diets; Earth Balance for plant-based diets; and
Bestlife for weight management. The Company markets the Smart Balance line of products, which avoids trans-fats naturally
and balances fats and/or reduces saturated fats, such as Smart Balance
®
Buttery Spreads and Enhanced Milks.
The Company's Glutino and Udi's brands are trusted pioneers and leaders in the gluten-free category, with a wide variety
of great-tasting gluten-free foods consumers trust across a number of product categories, such as Glutino
®
Pretzel
Twists and Breakfast Bars and Udi's Gluten Free Breads. The Company markets the Earth Balance line of non-GMO
plant-based products, which include Earth Balance
®
Buttery Spreads, Nut Butters and Soy Milks. The Company
also markets weight management products under the Bestlife brand, which include Bestlife™ Buttery Spreads and Sticks.
For more information about Smart Balance, Inc., please visit www.smartbalance.com
.
2
About Udi's Healthy Foods, LLC
Udi's Healthy Foods LLC (Udi's) is a leader in the
fast growing market for gluten-free foods in North America. Udi's markets a diversified and growing range of gluten-free
products under the well recognized Udi's Gluten Free Foods brand in the retail market, and since mid-2011, food service channels.
Udi's Gluten Free Foods is a leading brand in gluten-free bread and bakery products. In addition, Udi's markets other
gluten-free products in the frozen pizza and granola categories.
Media Contact:
Investor Contact:
Brent Burkhardt
Carole Buyers, CFA
TBC Public Relations
Senior Vice President Investor Relations
bburkhardt@tbc.us
& Business Development
410-986-1303
Smart Balance, Inc.
cbuyers@smartbalance.com
303-652-0521 x152
3

text: Smart Balance

text: Udi's Healthy Foods, LLC

text: Smart Balance, Inc.

text: Udi's Healthy Foods, LLC

text: Smart Balance

text: BMO Capital Markets

override: organization

text: Citigroup

text: Smart Balance, Inc.

text: Smart Balance

text: Smart Balance, Inc.

text: Smart Balance, Inc.

text: Smart Balance

text: Smart Balance

text: Smart Balance

text: Smart Balance, Inc.

text: Udi's Healthy Foods, LLC

text: Smart Balance, Inc.


text:
EX-99.2
3
ex99-2.htm
QSGI ACQUIRES CERTAIN ASSETS OF THE GASKET GUY INC
Unassociated Document
Contact:
David Meynarez
CFO
QSGI, Inc.
561-629-5713
David.Meynarez@QSGIInc.com
[Missing Graphic Reference]
QSGI Acquires Certain Assets of The Gasket Guy, Inc.; Acquisition Expands QSGI's
Service Offerings to Include Energy Saving Technologies
Palm Beach, FL-September 21, 2011-QSGI INC. (Pink Sheets: QSGI)
today announced that its wholly owned subsidiary, QSGI Green, Inc. has acquired certain assets of The Gasket Guy, Inc. and its related operations. The acquisition will represent 100% of QSGI Green's operations and financial results going forward. The Gasket Guy, Inc. is a leading provider of replacement gaskets for refrigeration units that provide significant energy savings for restaurants, hotels, supermarkets, fast-food chains, and other businesses nationwide. QSGI Green acquired The Gasket Guy, Inc. through an asset purchase agreement for the company's operating assets. The agreement consists of a subordinated seller's note not to exceed $412,500 maturing no later than December 5, 2016 and bears interest at a rate of 7.5% annually, an agreement by QSGI to collect approximately $725,000 of The Gasket Guy's accounts receivables to be used to satisfy existing bank debt for which the assets serve as collateral, as well as an earn-out based on QSGI Green achieving profit milestones over the next five years.
The Gasket Guy, Inc. generated revenues in excess of $2.5 million and achieved a fifteen percent net profit margin over the trailing twelve months ended June 30, 2011 based on unaudited financials. The Gasket Guy has added more than 10,000 customers and has achieved over 50 % compound annual growth rate over the past 3 years.
The Gasket Guy, Inc. manufactures replacement refrigeration gaskets to fit any commercial refrigeration unit including refrigerators, coolers, and walk-in units. Additionally they have a full line of refrigeration replacement parts including strip curtains, night shades, door handles and hinges. Leaking gaskets waste energy and cause excessive wear on refrigeration equipment. By providing factory-new replacement gaskets, The Gasket Guy helps customers save energy, money and the environment. While fitted gaskets generate their own return on investment (ROI), energy companies in many regions provide rebates and incentives programs to encourage customers to invest in energy saving improvements. The Gasket Guy has successfully worked with numerous utility companies under these incentive programs to reduce energy costs.
The Gasket Guy operates four units: The Gasket Guy (
www.TheGasketGuy.com
), Green Energy Masters (
www.GreenEnergyMasters.com)
, Top Refrigeration Parts (
www.Top-Refrigeration-Parts.com)
, and 1-877-Gaskets (
www.1877Gaskets.com)
. These segments provide a variety of services including direct installation services, manufacturer supply parts to other refrigeration companies, refrigeration parts supplied by mail, and e-commerce.
Marc Sherman, Chairman and CEO of QSGI Inc., explained, "Our acquisition of The Gasket Guy, Inc. adds a new element to our service offerings and represents a potential growth opportunity. Traditionally, our business has been focused on the re-use and recycling of technology. With the addition of this business, we can now offer customers the ability to reduce energy consumption as well. The Gasket Guy has a very compelling value proposition for customers. First, by providing new replacement gaskets, we can show an immediate and measurable ROI in the form of energy savings for customers. Second, many of the leading energy companies have begun to provide rebates and incentives to encourage customers to utilize our services. We welcome the management team of The Gasket Guy, including Moshe Schneider, and Avner Harel, who will run the sales and operations of QSGI Green, and will play an important role in the growth of QSGI Green in the years ahead".
Mr. Sherman concluded, "The traditional waste hierarchy is most often illustrated as a triangle whose three sides are comprised of Reduce, ReUse, and Recycle. QSGI Green, Inc. helps customers reduce their use of electricity and the fossil fuels that generate it. KruseCom enables customers to reuse or remarket their surplus technology equipment, while JoesScrap.com provides a way for customers to recycle their surplus electronic gear at the end-of-lifecycle. With this transaction, we now provide all three key elements of the environmental triangle, and plan to build in all three of these segments"
About QSGI, Inc.
QSGI, Inc. specializes in green technology, technology asset management, new product sales, used product remarketing, enterprise maintenance, spare parts sales, end of lifecycle management, hard drive destruction and data erasure, fee-based e-waste disposal, and green recycling. Providing a spectrum of technology products and services, QSGI creates a marketplace that enables environmentally friendly I.T. transactions between Fortune 500 corporations, original equipment manufacturers, leasing companies, privately held businesses, and even individual consumers. QSGI's mission is to continue developing new services that add value for its customers and shareholders.
Forward-Looking Statements
Statements in this release that are not strictly historical in nature constitute "forward-looking statements." Such statements may include, without limitation, statements with respect to the Company's plans, objectives, expectations and intentions, and other statements identified by words such as "may", "could", "would", "should", "believes", "expects", "anticipates", "estimates", "intends", "plans", or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause the actual results of QSGI to be materially different from historical results or from any results expressed or implied by such forward-looking statements. These factors include, but are not limited to, risks and uncertainties related to the progress, timing, cost, and results of mergers, acquisitions, and operations; competition from other technology companies; and the additional risks discussed in filings with the Securities and Exchange Commission. All forward-looking statements are qualified in their entirety by this cautionary statement, and QSGI undertakes no obligation to revise or update this news release to reflect events or circumstances after the date hereof. The company names used in this statement are for identification purposes only. All trademarks and registered trademarks are the property of their respective owners.

text: QSGI

text: GASKET GUY INC

text: David Meynarez

text: QSGI

text: QSGI

text: The Gasket Guy, Inc.

text: QSGI

text: QSGI INC.

text: QSGI

text: QSGI Green, Inc.

text: The Gasket Guy, Inc.

text: QSGI Green

text: The Gasket Guy, Inc.

text: QSGI Green

text: The Gasket Guy, Inc.

text: QSGI

text: QSGI Green

text: The Gasket Guy, Inc.

text: The Gasket Guy, Inc.

text: Marc Sherman

text: QSGI Inc.

text: The Gasket Guy, Inc.

text: QSGI Green

text: QSGI Green

text: QSGI Green, Inc.

text: QSGI

text: QSGI

text: QSGI

text: QSGI

text: QSGI

text: QSGI


text:
EX-99.1
2
rrd251403_29477.htm
PRESS RELEASE
DC7335.pdf -- Converted by SEC Publisher 4.2, created by BCL Technologies Inc., for SEC Filing
STRATEGIC STORAGE TRUST, INC. ENTERS NEW MARKET; ACQUIRES SELF STORAGE FACILITY FOR $11.6 MILLION IN AN ALL CASH TRANSACTION
JERSEY CITY, N.J.
-August 24, 2009-In an effort to expand its presence to the Northeast market, Strategic Storage Trust, Inc. (SSTI)
today announced the purchase of the U Store It self storage property located at 69 Mallory Avenue in Jersey City, NJ. The publicly registered, non-traded REIT acquired this facility for $11.625 million in an all cash transaction.
Constructed in 1985, the U Store It property offers approximately 1,090 units located on 2.2 acres and contains approximately 91,500 rentable square feet of self storage space. The
facility is located approximately five miles west of downtown New York City.
"We're excited to take another step in further diversifying and expanding our self storage portfolio", said H. Michael Schwartz, SSTI's chairman and CEO. "This all
cash transaction represents the expansion of the SSTI footprint into the largest MSA in the U.S. and diversifies our portfolio by adding a facility located in a populous Northeast urban market".
With its highly-developed network of roads, rail, air and seaport facilities, New Jersey is one of the best-connected regions in the country. This prime location, adjoined by New York City
and Philadelphia, sits in the center of the East Coast corridor. New Jersey's integrated commuter rail network carries more than 830,000 passengers each weekday, providing links to Amtrak, the Long Island railroad, NYC subways and
Pennsylvania's SEPTA system.
"Although we are seeing some signs of revival in the credit markets, the ability to complete all cash transactions is providing us a clear advantage in our pursuit of
acquisitions", said Schwartz.
Since the launch of the REIT a year and half ago, the portfolio has expanded to include 11 self storage facilities located in six states (Georgia, Mississippi, Florida, Virginia, New
Jersey and Kentucky). Despite the current challenging economic market, SSTI continues to uncover quality acquisitions across the United States.
About Strategic Storage Trust, Inc.
SSTI is a publicly registered ($1 billion of common stock registered) non-traded REIT with a portfolio that currently includes more than 5,780 self storage units and 725,670 rentable square feet of storage
space. SSTI's sponsor is Strategic Capital Holdings, which manages a growing portfolio of over 5.5 million square feet of commercial properties, including 3.9 million square feet of self storage facilities, with a combined market value of over
$608 million.
The New Jersey property will be rebranded under Storage Advantage and will be added to the sponsor's nationwide website: www.strategicselfstorage.com.
For more information about SSTI, please call 949-429-6600 or visit www.strategicstoragetrust.com.
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such
forward-looking statements can generally be identified by our use of forward-looking terminology such as "may", "will", "expect", "intend", "anticipate", "estimate", "believe,"
"continue", or other similar words. 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. These risks, uncertainties and contingencies include, but are not limited to: uncertainties relating to changes in general economic and real estate conditions; uncertainties relating to the implementation
of our real estate investment strategy; uncertainties relating to financing availability and capital proceeds; uncertainties relating to the closing of property acquisitions; uncertainties relating to the public offering of our common stock;
uncertainties related to the timing and availability of distributions; and other risk factors as outlined in the Company's prospectus, as amended from time to time. This is neither an offer nor a solicitation to purchase securities.

text: STRATEGIC STORAGE TRUST, INC.

text: Strategic Storage Trust, Inc.

text: Strategic Storage Trust, Inc.


text:
EX-99.2
11
tv481837_ex99-2.htm
EXHIBIT 99.2
Exhibit 99.2
Eloxx Pharmaceuticals
Completes Acquisition Transaction with Sevion Therapeutics
Company to focus on advancing
the clinical development of ELX-02, a disease-modifying therapy for genetic diseases caused by nonsense mutations
Waltham, MA, Rehovot,
Israel, and San Diego, CA - December 20, 2017 -
Eloxx Pharmaceuticals Ltd. ("Eloxx")
and Sevion Therapeutics, Inc. (OTCQB: SVON) ("Sevion") today announced the two companies have completed their
previously announced acquisition transaction effective as of December 19, 2017. The Company will be known as Eloxx Pharmaceuticals,
Inc. following the completion of the transaction, and began trading on OTCQB Market under the new name effective as of December
20, 2017.
"This acquisition
transaction marks a significant milestone as Eloxx transitions from a private to a publicly-traded company with significantly increased
financial resources", said Silvia Noiman, Ph.D., MBA, founder and Chief Executive Officer of Eloxx Pharmaceuticals. "We
are now better positioned to advance our development programs and look forward to initiating multiple Phase 2 studies for ELX-02.
In parallel, we intend to strengthen our company on all fronts and, most recently, we hired several key employees to support this
effort."
At the effective time of
the transaction, all of the issued and outstanding ordinary and preferred shares of Eloxx stock were converted, on a pro rata basis,
into the right to receive 20,316,656 shares of Sevion common stock, par value $0.01, after giving effect to the 1-for-20 reverse
stock split. Following the reverse stock split and acquisition, the combined company has approximately 27.6 million shares outstanding.
About
Eloxx Pharmaceuticals
Eloxx
Pharmaceuticals, Inc. is a clinical-stage biopharmaceutical company developing novel small molecule medicines to treat many rare
and ultra-rare genetic diseases caused by nonsense mutations. Nonsense mutations are a class of genetic defects that result in
premature termination of protein synthesis. As a consequence, patients with a genetic disease caused by nonsense mutations have
absent or truncated nonfunctional proteins, accounting for some of the most severe phenotypes in these genetic diseases. Eloxx's
lead product candidate, ELX-02, is an optimized aminoglycoside designed to restore full-length functional proteins. Eloxx was founded
in 2013 and maintains offices in Waltham, MA, and Rehovot, Israel.
Forward-Looking Statements
Certain
statements included in this press release are forward-looking statements within the meaning of the Private Securities Litigation
Reform Act of 1995 and involve a number of risks and uncertainties. All statements that address activities, events or developments
that we intend, expect or believe may occur in the future are forward-looking statements. Actual results could differ materially
from such statements expressed or implied herein as a result of a variety of factors, including, but not limited to: the Company's
ability to continue as a going concern; the ability of the Company to consummate additional financings; the development of the
Company's antibody technology; the approval of the Company's patent applications; the Company's ability to successfully
defend its intellectual property or obtain the necessary licenses at a cost acceptable to the Company, if at all; the successful
implementation of the Company's research and development programs and collaborations; the success of the Company's
license agreements; the acceptance by the market of the Company's products; the timing and success of the Company's
preliminary studies, preclinical research and clinical trials; competition and the timing of projects and trends in future operating
performance; and the quotation of the Company's common stock on an over-the-counter securities market, as well as other factors
expressed from time to time in the Company's periodic filings with the Securities and Exchange Commission (the "SEC").
As a result, this press release should be read in conjunction with the Company's periodic filings with the SEC. The forward-looking
statements contained herein are made only as of the date of this press release, and the Company undertakes no obligation to publicly
update or revise such forward-looking statements to reflect subsequent events or circumstances.
Contacts:
Eloxx Pharmaceuticals
Greg Weaver, CFO
greg@eloxxpharma.com

text: Eloxx Pharmaceuticals

text:
Sevion Therapeutics
Company

text: Eloxx Pharmaceuticals Ltd.

text: Sevion Therapeutics, Inc.

text: Eloxx Pharmaceuticals

text: Eloxx Pharmaceuticals

text: Eloxx Pharmaceuticals

text:
Eloxx
Pharmaceuticals

text: Eloxx Pharmaceuticals

text: Greg Weaver


text:
EX-99.1
4
d111867dex991.htm
EXHIBIT 99.1 - PRESS RELEASE, DATED JULY 31, 2020, ISSUED BY LEGG MASON, INC.
EXHIBIT 99.1 - Press Release, dated July 31, 2020, issued by Legg Mason, Inc.
Exhibit 99.1
Legg Mason, Inc. Announces Intent to Delist Junior Subordinated Notes from NYSE
Baltimore, Maryland - July 31, 2020 - Legg Mason, Inc. (the "Company") today announced that following the completion of its
previously announced merger with Alpha Sub, Inc. ("Merger Sub"), a wholly owned subsidiary of Franklin Resources, Inc. ("Franklin Templeton"), the Company has notified the New York Stock Exchange ("NYSE") of its
intention to delist its 6.375% Junior Subordinated Notes due 2056 (NYSE: LMHA) and 5.45% Junior Subordinated Notes due 2056 (NYSE: LMHB) (collectively, the "Junior Notes"), as well as to deregister the Junior Notes from registration with
the Securities and Exchange Commission (the "SEC"). The Company has not made, and does not intend to make, arrangements for the listing and/or registration of the Junior Notes on another national securities exchange or for quotation on
another medium. These actions do not affect the terms of the Junior Notes. The last day of trading of the Junior Notes is expected to be August 20, 2020.
As previously announced, on February 17, 2020, the Company entered into an Agreement and Plan of Merger (the "Merger Agreement") with Franklin
Templeton and Merger Sub, pursuant to which Franklin Templeton acquired the Company on July 31, 2020. The Company has decided to delist the Junior Notes in connection with the closing of the transactions pursuant to the Merger Agreement.
About Legg Mason
Guided by a mission of Investing to
Improve Lives,
TM
Legg Mason helps investors globally achieve better financial outcomes by expanding choice across investment strategies, vehicles and investor access through independent
investment managers with diverse expertise in equity, fixed income, alternative and liquidity investments. Legg Mason's assets under management are $783.4 billion as of June 30, 2020. To learn more, visit our
web
site
, our
newsroom
, or follow us on
LinkedIn
,
Twitter
, or
Facebook
.
#######

label: fund

text: LEGG MASON, INC.

override: fund

text: Legg Mason, Inc.

text: Legg Mason, Inc.

text: Legg Mason, Inc.

text: Alpha Sub, Inc.


text:
EX-99.1
8
hdsi_ex991.htm
PRESS RELEASE
EXHIBIT 99.1
March 12, 2015
FOR IMMEDIATE RELEASE
HDS International Announces Strategic Expansion Agreement with SirenGPS, Inc.
ST. LOUIS, MO, March 12, 2015/PRNewswire via COMTEX/ -- HDS International Corp. (OTCPink: HDSI), a technology development company, today announced that it has entered into a Strategic Expansion Agreement and an Intellectual Property License Agreement with SirenGPS, Inc., a developer and licensor of emergency management and emergency response technologies. In conjunction with the agreement, HDS International received a non-exclusive license from SirenGPS and will seek capitalize on the critical need for improved emergency response technologies, by engaging in the development, marketing and sale of SirenGPS emergency management software. SirenGPS provides industry leading solutions that enhance existing emergency communications by, among other things, providing location services for mobile 911 calls. SirenGPS emergency management software lets emergency managers know what is happening and communicate with people in their communities in real-time.
The Company also announced the appointment of Paul Rauner, 46, as Chairman and CEO of the Company, who will lead the Company's new initiative effective immediately. Concurrently therewith, Mr. Recachinas, the Company's sole officer and director prior to this transaction, will resign from all positions with Company.
"Smartphones pick up your location so accurately that we use them as our primary navigation devices", Rauner notes. "However, despite these advances, emergency dispatch today often does not have that information when you call 911. Emergency managers at our schools, hospitals and businesses are even worse off, lacking the tools to know what is happening to the people they are responsible for. SirenGPS' technology, under license and offered by HDSI, can change that." The Federal Communication Commission (FCC) Chairman Tom Wheeler recently issued a public statement calling for mobile app technology to address the 911 location problem, and under today's landmark agreement, HDS International Corp. is prepared to deliver. http://www.fcc.gov/article/doc-331757a2
The Company further announced that it has reached agreements to settle over $1.3 million in previously disclosed liabilities owed by the Company. Under the settlements, certain creditors have agreed to accept newly-issued shares of common stock of the Company in exchange for a general release and settlement of amounts owing, eliminating liabilities from the balance sheet.
"The series of transactions announced today position HDS International to create substantial shareholder value, by eliminating a substantial majority of the Company's debt and breathing new life into the Company with unique breakthrough emergency management technologies", said Mr. Recachinas, the Company's former CEO. "Today's announcement pivots the Company to pursue substantial value creation in an exciting emerging field where success is ultimately measured not only by profits generated, but by lives saved".
1
Advising on the Strategic Expansion Agreement was Source Capital Group, Inc., a boutique investment banking firm based in Westport, CT focused on emerging growth companies in technology, energy, and other domains.
In connection with the Strategic Expansion Agreement, the Company assigned the rights it had under the NB Provincial License entered into December 10, 2012, and all the rights it had under that certain exclusivity agreement with the City of Saint John, NB, Canada entered into November 30, 2012, to Hillwinds Ocean Energy, LLC, which was formerly the controlling shareholder of the Company.
For additional information about the Company, please visit www.hdsicorp.com, or refer to the Company's regulatory filings at www.sec.gov.
About HDS International Corp.
HDS International Corp. (OTCPink: HDSI), based in Providence, RI, is a technology development company based in St. Louis, MO. In March, 2015, the Company entered into a license agreement with SirenGPS, Inc., a Delaware corporation headquartered in Missouri, relating to technologies that revolutionize emergency communication and emergency response, improving response times by connecting smartphones to emergency services.
Forward-Looking Statements
Statements included in this update that are not historical in nature, are intended to be, and are hereby identified as, "forward-looking statements". Forward-looking statements may be identified by words including "anticipate", "believe", "intends", "estimates", "expect", and similar expressions. The Company cautions readers that forward-looking statements including, without limitation, those relating to the Company's future business prospects are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements, due to factors such as those relating to economic, governmental, technological, and other risks and factors identified from time to time in the Company's reports filed with the SEC.
HDS International Corp.
CONTACT INFORMATION
401-400-0028
info@hdsicorp.com
http://www.hdsicorp.com
2

text: HDS International

text: SirenGPS, Inc.

text: HDS International Corp.

text: SirenGPS, Inc.

text: HDS International

text: HDS International Corp.

text: HDS International

text: HDS International Corp.

text: HDS International Corp.

text: SirenGPS, Inc.

text: HDS International Corp.


text:
EX-99.1
2
v331872_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
EQM
Technologies & Energy, Inc. ANNOUNCEs COMPLETION OF SALE OF
ITS
Biodiesel PRODUCTION bUSINESS to Delek Renewables, LLC
Cincinnati, OH,
January 11, 2013
- EQM Technologies & Energy, Inc. (OTCQB: EQTE) ("EQM"), a leading provider
of environmental services to government and commercial businesses, today announced that it has completed the sale of its biodiesel
production facility based in Cleburne, TX and related assets to Delek Renewables, LLC ("Delek Renewables"), a wholly
owned subsidiary of Delek US Holdings, Inc. (NYSE: DK), for approximately $5.5 million in cash.
EQM's tolling agreement, pursuant to
which it produced biodiesel for Delek Renewables, was terminated concurrent with the completion of the transaction.
EQM has used approximately $2 million of proceeds
to pay off all unpaid principal and accrued interest under EQM's secured subordinated notes that were secured by the assets
sold in the transaction. It intends to use the remainder of the proceeds for general corporate purposes.
"We are pleased to have closed this
transaction, as we have achieved value for our stockholders and have improved our balance sheet. We will now turn our attention
to growing our environmental services business and pursuing strategic acquisitions", said James E. Wendle, President and
Chief Operating Officer of EQM.
Ardour Capital Investments LLC acted as financial
advisors to EQM in this transaction.
EQM Technologies & Energy, Inc.
EQM, based in Cincinnati, OH, is a leading
provider of environmental services - consulting & engineering, clean technology, and remediation & construction management
- to the public and industrial sectors, with approximately 220 employees and satellite offices and operations in 11 states.
EQM has longstanding relationships and multi-year contracts with numerous federal agencies, including the Environmental Protection
Agency and the Department of Defense (including the Air Force Center for Engineering & Environment, Naval Facilities Engineering
Command, and the Army Corps of Engineers), as well as private sector clients across numerous industries. For more information,
please visit www.eqm.com.
Statements in this press release regarding
EQM's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties.
EQM wishes to caution readers not to place undue reliance on such forward-looking statements, which speak only as of the date made.
To the extent the content of this press release includes forward-looking statements; they involve various risks and uncertainties,
including the successful integration of acquired businesses, projected financial information and the continued successful implementation
of EQM's business strategy.
Certain of these risks and uncertainties
are described in greater detail in EQM's filings with the Securities and Exchange Commission. EQM is under no obligation
to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information,
future events or otherwise.
Contact
EQM Technologies & Energy, Inc.
Robert R. Galvin, 800-229-7495 or 513-742-7219
Chief Financial Officer
Fax: 513-825-7495
rgalvin@eqm.com

text:
EQM
Technologies & Energy, Inc

text: Delek Renewables, LLC

text: EQM Technologies & Energy, Inc

text: Delek Renewables, LLC

text: James E. Wendle

text: Ardour Capital Investments LLC

text: EQM Technologies & Energy, Inc

text: EQM Technologies & Energy, Inc


text:
EX-99.1
2
exh99-1.htm
PRESS RELEASE
January 7, 2013 Exhibit 99.1
Exhibit 99.1
PRESS RELEASE
Zoom Technologies Announces Sale of China-based Operations
And Strategy to Acquire U.S.-based Businesses
Beijing, China, January 7, 2013 -
Zoom Technologies, Inc. (NASDAQ: ZOOM) a leading designer and
manufacturer of mobile phones and consumer electronics, announced the execution of a definitive agreement pursuant to which it will
sell its China-based manufacturing, sales and marketing, and R&D subsidiaries, and that the proceeds of the sale will be used for
the purchase of additional U.S.-based businesses.
On December 31, 2012, Zoom Technologies, Inc. ("Zoom" or the "Company")
entered into a Share Purchase Agreement with the Beijing Zhumu Culture Communication Company, Ltd. (the "Purchaser"),
a PRC company that provides services to the telecommunication industry, for the sale to the Purchaser of the Company's China based
operations including: 100% ownership of Beijing Nollec Wireless Company ("Nollec") - the R&D subsidiary, 80%
ownership of Tianjin Tongguang Group Digital Communication Company, Ltd. ("TCBD") - the main manufacturing entity,
100% ownership of Profit Harvest Corporation, Ltd. ("Profit Harvest") - the sales & marketing company, and 100%
ownership of Celestial Digital Entertainment, Ltd. ("CDE") - the mobile game maker. As consideration for the sale, the
Purchaser shall pay the Company an aggregate of Rmb 200 million, equivalent to approximately US$32 million. The purchase price is,
subject to adjustment pending an appraisal by an independent third party appraiser. As of the date of the Share Purchase Agreement,
the Purchaser has deposited the full amount of RMB 200 million into an escrow account, to be released to the Company upon the final
closing of the Sale, which will be held 30 days after the Company receives all the requisites corporate and regulatory approvals with
respect to the Sale.
The Company's ownership interest in SpreadZoom Technologies Co., Ltd., which owns and operates mobile
phone manufacturing facilities in Tianjin and which is a joint-venture between the Company and Spreadtrum Technologies, Inc., is not
part of the sale.
The final closing of the sale of the above-mentioned subsidiaries of the Company is anticipated to take place
within the first quarter of 2013 with the exception of Profit Harvest which closing occurred as of December 31, 2012. In addition, the
Company will, through Portables Unlimited, LLC, its U.S. based subsidiary, continue to operate the exclusive wholesale distributor
business for T-Mobile products and services in the United States.
The Company intends to use the cash proceeds from the sale of the assets to acquire similar businesses in the
U.S. to further expand its activities there, including but not limited to the acquisition of additional licensed retail stores that
service T-Mobile USA.
Page 1
Zoom's Chairman & CEO, Mr. Leo Gu stated, "Our strategy is a simple one. We will focus our
resources to capture revenues from U.S. based operations, which we started over a year ago by our acquisition of Portables Unlimited
in New York. With this sale, our revenues will be predominantly generated from our U.S. operations. The selling of our China based
operations doesn't mean that we are out of touch with China because we can always contract with our former subsidiaries, when the
need arises going forward. We feel that it is important to listen to the market which has not been favorable Chinese companies listed in
the U.S., and we are confident that the combination of our continued relationships in China and the expansion of our U.S. activities is a
positive direction for Zoom Technologies. We are actively seeking synergistical businesses to bring into Zoom and adding on more
licensed retail stores of T-Mobile USA is a part of this plan".
About Zoom Technologies, Inc.
Zoom Technologies is a holding Company with subsidiaries that engage in the manufacturing, research
and development, and sale of electronic and telecommunication products for the latest generation of mobile phones, wireless
communication circuitry and related software products. Zoom Technologies' current subsidiary, Jiangsu Leimone, owns a majority stake
of TCB Digital, which offers highly customized and high quality Electronic Manufacturing Service (EMS) for Original Equipment
Manufacturer (OEM) customers as well as its Own Brand Manufacturing (OBM) under the ZOOM, LEIMONE and LONGTEL brand
names. The Company's products are both exported globally and sold domestically in People's Republic of China. Zoom Technologies
also owns a controlling interest in Portables Unlimited LLC, a cellular service and products distributor in the U.S.
Forward-Looking Statements
Certain statements in this press release may constitute "forward looking statements" that involve risks and
uncertainties. These include statements about our expectations, plans, objectives, assumptions or future events in which the outcome
cannot be assured. You should not place undue reliance on these forward-looking statements. Information concerning factors that could
cause our actual results to differ materially from these forward-looking statements can be found in our periodic reports filed with the
Securities and Exchange Commission. We undertake no obligation to publicly release revisions to these forward-looking statements to
reflect future events or circumstances or reflect the occurrence of unanticipated events.
Investor Contact:
Lynn Wei
Investor Relations Coordinator
Zoom Technologies, Inc.
+86-10-5935-9576
weilin@zoom.com
www.zoom.com
Page 2

text: Zoom Technologies

text: Zoom Technologies, Inc.

text: Zoom Technologies, Inc.

text: SpreadZoom Technologies Co., Ltd.

text: Leo Gu

text: Zoom Technologies

text: Zoom Technologies, Inc.

text: Zoom Technologies

text: Zoom Technologies

text: Zoom Technologies

text: Zoom Technologies, Inc.


text:
EX-99.1
2
ex991pressrelease.htm
PRESS RELEASE RE MERGER COMPLETION
ex991pressrelease.htm
EXHIBIT 99.1
AZZ incorporated Completes Merger of its
Merger Subsidiary with and into
North American Galvanizing & Coatings, Inc.
Contact:
Dana Perry, Senior Vice President - Finance and CFO
AZZ incorporated 817-810-0095
Internet:
www.azz.com
Lytham Partners 602-889-9700
Joe Dorame or Robert Blum
Internet:
www.lythampartners.com
August 3, 2010
-
Fort Worth, TX
- AZZ incorporated ("AZZ") (NYSE: AZZ), a manufacturer of electrical products and a provider of galvanizing services, today announces the consummation of the merger of North American Galvanizing & Coatings, Inc. ("NGA") with and into Big Kettle Merger Sub, Inc., an indirect wholly-owned subsidiary of AZZ ("Big Kettle"), with NGA as the surviving corporation. As a result of this merger, NGA is now an indirect wholly-owned subsidiary of AZZ and its shares are no longer publicly traded, either on an exchange or an OTC market.
About AZZ incorporated (NYSE: AZZ)
AZZ incorporated is a specialty electrical equipment manufacturer serving the global markets of industrial, power generation, transmission and distributions, as well as a leading provider of hot dip galvanizing services to the steel fabrication market nationwide.
Safe Harbor Statement
Certain statements contained in this press release about our expectations of future events or results constitute forward-looking statements for purposes of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by terminology such as, "may", "should", "expects, " "plans", "anticipates", "believes", "estimates", "predicts", "potential", "continue", or the negative of these terms or other comparable terminology. Such forward-looking statements are based on currently available competitive, financial and economic data and management's views and assumptions regarding future events. Such forward-looking statements are inherently uncertain, and investors must recognize that actual results may differ from those expressed or implied in the forward-looking statements. In addition, certain factors could affect the outcome of the matters described in this press release. These factors include, but are not limited to, (1) the outcome of any legal proceedings that may be instituted against us or others regarding the Merger Agreement and (2) risks that the proposed transaction disrupts current plans and operations. This release may contain forward-looking statements that involve risks and uncertainties including, but not limited to, changes in customer demand and response to products and services offered by AZZ or NGA, including demand by the electrical power generation markets, electrical transmission and distribution markets, the industrial markets, and the hot dip galvanizing markets; prices and raw material cost, including zinc and natural gas which are used in the hot dip galvanizing process; changes in the economic conditions of the various markets that AZZ or NGA serve, foreign and domestic, customer request delays of shipments, acquisition opportunities, adequacy of financing, and availability of experienced management employees to implement AZZ's growth strategy. AZZ has provided additional information regarding risks associated with the business in AZZ's Annual Report on Form 10-K for the fiscal year ended February 28, 2010 and other filings with the SEC, available for viewing on AZZ's website at www.azz.com and on the SEC's website at www.sec.gov. You are urged to consider these factors carefully in evaluating the forward-looking statements herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement. These statements are based on information as of the date of this press release and AZZ assumes no obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise.

text: Big Kettle Merger Sub, Inc.


text:
EX-99.1
4
ex991.htm
EXHIBIT 99.1
ex991.htm
Exhibit 99.1 - Press Release
FOR IMMEDIATE RELEASE - October 12, 2010
ANCHOR FUNDING SERVICES, INC. (OTC BULLETIN BOARD SYMBOL "AFNG.OB") COMPLETES RESCISSION OF ACQUISITION OF CERTAIN ASSETS OF BROOKRIDGE FUNDING LLC.
Boca Raton, Fl. (PR Newswire) October 12, 2010
Anchor Funding Services, Inc. (OTC Bulletin Board Symbol "AFNG.OB") announced today that it completed a rescission on October 6, 2010 on its previously announced asset acquisition of Brookridge Funding LLC. Under the terms of the rescission agreement, Anchor received approximately $783,000 from the sale of its 80% interest in Brookridge Funding Services, LLC ("Brookridge").
The rescission of the Brookridge Funding LLC transaction provides significant benefits to Anchor which include:
·
A reduction of interest expense resulting in annualized savings of approximately $160,000; and
·
Opportunity to expand our accounts receivable funding and purchase order financing as a combined product offering to our current and prospective clients of Anchor (exclusive of clients of Brookridge), without the burden of the Brookridge overhead.
We are excited about the continued growth of Anchor's business and expansion opportunities for our small and mid size business finance products who require working capital and additional credit facilities. We will continue to communicate important developments as they occur.
About Anchor
Anchor provides innovative accounts receivable funding, purchase order financing and credit management services to small and mid-size U.S. businesses. Our funding programs which are based upon the credit worthiness on accounts receivable and supported by physical collateral, provides rapid and flexible financing to support small and mid size businesses' daily working capital needs.
Additional Information
For additional information, a copy of Anchor's Form 8-K can be obtained on the Internet by going to www.sec.gov, clicking "Search for Company filings", then clicking "Companies & Other Filers", typing in our company name and clicking "find Companies".
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995.
Certain statements in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performances or achievements express or implied by such forward-looking statements as a result of various factors including those risks and uncertainties described in the Risk Factors and in Management's Discussion and Analysis of Financial Condition and Results of Operations sections of our most recently filed Annual Report on Form 10-K and our subsequently filed Quarterly Reports of Form 10-Q. The forward-looking statements are subject to risks and uncertainties including, without limitation, changes in levels of competition, possible loss of customers, and the company's ability to attract and retain key personnel.
We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Except as otherwise required by the federal securities laws, we disclaim any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein (or elsewhere) to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.
Contact Morry F. Rubin, Chairman and C.E.O. (866) 950- 6669 EXT 302
Email: mrubin@anchorfundingservices.com

text: ANCHOR FUNDING SERVICES, INC.

text: BROOKRIDGE FUNDING LLC

text: Anchor Funding Services, Inc.

text: Brookridge Funding LLC

text: Brookridge Funding Services, LLC

text: Brookridge Funding LLC

text: Morry F. Rubin


text:
EX-99.1
2
ex99_1.htm
EXHIBIT 99.1
Exhibit 99.1
FOR IMMEDIATE RELEASE
CONTACT:
Carolina Trust BancShares, Inc.
Jerry L. Ocheltree
(704) 735-1104
Carolina Trust BancShares Completes Acquisition of Clover Community Bankshares and Announces Cash/Stock Election Deadline
LINCOLNTON, N.C., January 2, 2019 (GLOBE NEWSWIRE)
-
Carolina
Trust BancShares, Inc. ("Carolina Trust") (NASDAQ: CART), the parent company of Carolina Trust Bank, announced today the completion of its previously announced merger with Clover Community Bankshares, Inc. ("Clover"), parent company of Clover
Community Bank.
Under the terms of the approved merger agreement, each share of Clover common stock and preferred stock was converted into the right to receive, at the
election of each Clover shareholder, either 2.7181 shares of Carolina Trust common stock or $22.00 in cash, subject to customary proration procedures that will result in an aggregate 80% stock/20% cash consideration mix.
Also under the merger agreement, Clover's subsidiary bank, Clover Community Bank, has merged with Carolina Trust Bank, the wholly owned banking subsidiary
of Carolina Trust.
"I'd like to welcome the Clover customers, shareholders and employees into the Carolina Trust family", said Jerry L. Ocheltree, President and Chief
Executive Officer of Carolina Trust. "We are excited about our expansion into the communities that Clover Community Bank served for so many years and that the same employees that served you before will continue to be there to assist you with your
banking needs. The combination of our services should be able to meet all of your banking needs with state-of-the-art technology that we will be bringing to Clover's markets. I would personally like to thank both sets of shareholders for
supporting this transaction and the staff of both banks for their hard work in making this transaction happen behind the scenes. We at Carolina Trust look forward to meeting and serving you now and into the future".
The deadline for Clover shareholders to elect the form of merger consideration they wish to receive will be 5:00 p.m. Eastern time on February 15, 2019
(the "Election Deadline"). If a Clover shareholder's election is not timely and properly made, the shareholder will be deemed to have made a "no election" as to the form of consideration such holder prefers to receive in exchange for the
holder's shares of Clover stock. Clover shareholders deemed to have made a "no election" will receive either cash, shares of Carolina Trust common stock or a combination of cash and shares of Carolina Trust common stock as determined by
Carolina Trust and Broadridge Corporation Issuer Solutions, Inc., the exchange agent for the merger. Such determinations will be made in accordance with the allocation and proration procedures set forth in the merger agreement.
Clover shareholders should expect to receive election forms and customary transmittal materials in mid-January 2019.
About Carolina Trust BancShares, Inc.
Carolina Trust is the registered bank holding company of Carolina Trust Bank. Carolina Trust Bank is a full-service, state-chartered community bank
headquartered in Lincolnton, NC. Carolina Trust Bank provides a highly competitive suite of personal and business banking products and services to customers in the Piedmont and Mountain Regions of North Carolina to the north and west of
Charlotte, NC and to customers in the Piedmont Region of South Carolina to the west of Charlotte, NC.
1
Additional Information About the Merger and Where to
Find It
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities of Carolina Trust or Clover. In connection with the merger of Clover with and into Carolina Trust, Carolina Trust has filed
with the Securities and Exchange Commission, or SEC, a Registration Statement on Form S-4 that includes a Joint Proxy Statement of Carolina Trust and Clover and a Prospectus of Carolina Trust, as well as other relevant documents concerning the
merger.
SHAREHOLDERS OF CAROLINA TRUST AND CLOVER ARE URGED TO READ THE REGISTRATION STATEMENT AND THE JOINT PROXY STATEMENT/PROSPECTUS REGARDING THE MERGER AND
ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE MERGER.
The Joint Proxy Statement/Prospectus and other relevant materials, and any other documents that Carolina Trust has filed with the SEC, may be obtained
free of charge at the SEC's internet site, http://www.sec.gov. Copies of the documents that Carolina Trust has filed with the SEC may also be obtained, free of charge, by directing a written request to Carolina Trust, 901 East Main Street,
Lincolnton, NC 28092, Attn: Edwin Laws, Chief Financial Officer, or by accessing these documents at the Company's website: www.carolinatrust.com.
Cautionary Language Regarding Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. Carolina Trust intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act
of 1995 and is including this statement for purposes of these safe harbor provisions. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations of Carolina Trust, are generally
identified by the use of words such as "believe", "expect", "intend", "anticipate", "estimate", or "project" or similar expressions. Carolina Trust's ability to predict results, or the actual effect of future plans or strategies, is inherently
uncertain. Factors that could impact the forward-looking statements contained herein or that could have a material adverse effect on the operations and future prospects of Carolina Trust include, but are not limited to: disruptions to customer
and employee relationships and business operations caused by the merger; the ability to implement integration plans associated with the merger transaction, which integration may be more difficult, time-consuming or costly than expected; the
ability to achieve the cost savings and synergies contemplated by the merger within the expected timeframe, or at all; changes in local and national economies, or market conditions; changes in interest rates; regulations and accounting
principles; changes in policies or guidelines; loan demand and asset quality, including real estate values and collateral values; deposit flow; the impact of competition from traditional or new sources; and the other factors detailed in
Carolina Trust's publicly filed documents with the SEC. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. Carolina Trust assumes no obligation
to revise, update, or clarify forward-looking statements to reflect events or conditions after the date of this release.
END
# # #

text: Carolina Trust BancShares, Inc.

text: Jerry L. Ocheltree

text: Carolina Trust BancShares

text: Clover Community Bankshares

text:
Carolina
Trust BancShares, Inc.

text: Carolina Trust Bank

text: Clover Community Bankshares, Inc.

text: bank, Clover Community Bank

text: Carolina Trust Bank

text: Jerry L. Ocheltree

text: Carolina Trust BancShares, Inc.

text: Carolina Trust Bank

text: Carolina Trust Bank

text: Carolina Trust Bank

text: Edwin Laws


text:
EX-99.1
3
ex99-1.htm
ex99-1.htm
Exhibit 99.1
Midas Medici Announces Sale of StraTech Assets to Datalink
NEW YORK, New York, 2 October, 2012- Midas Medici Group Holdings, Inc. ("Midas") (OTCQX: MMED), a global IT infrastructure and managed services company, today announced that it has signed a definitive agreement to sell substantially all of the assets of its StraTech brand to Datalink (NASDAQ:DTLK). The assets sold include all customer contracts and relationships and is expected to be effective on October 4
th
, 2012.
"We are pleased to have reached this significant agreement with Datalink", said Chairman, CEO and Co-Founder Nana Baffour. "It is consistent with our strategy of creating shareholder value from an efficient and profitable stewardship of our assets. Under our stewardship, StraTech has performed extremely well, including growing 30% over the past 24 months. "This sale is positive for our shareholders, as well as for our customers".
About StraTech
StraTech is a national provider of Data Center Services, IT Consulting, Infrastructure, and Support Services. A brand of Midas Medici Group Holdings, Inc., StraTech (www.stratech.com) has over 20 years of expertise helping customers build, protect, manage, and support mission critical data center infrastructures.
About Midas Medici
Midas Medici Group Holdings, Inc. (OTCQX:
MMED
) is a managed IT services and infrastructure company that supplies mid-sized and select enterprises and institutions with leading-edge IT. Across its Cimcorp, StraTech and UtiliPoint brands, Midas (
www.midasmedici.com
) works with its customers by optimizing IT and data center investments, streamlining communications between departments, reducing costs and preventing data loss, all while maximizing productivity.
Company Contact:
Johnson Kachidza
Midas Medici Chief Financial Officer
+1 (212) 792-0920
jkachidza@midasmedici.com
Investor Relations:
John Mattio, SVP
MZ Group / Midas Medici
+1 (212) 301 7130
john.mattio@mzgroup.us

text: Midas Medici

text: Datalink

text: Midas Medici Group Holdings, Inc.

text: Datalink

text: Datalink

text: Midas Medici Group Holdings, Inc.

text: Midas Medici

text: Midas Medici Group Holdings, Inc.

text: Midas Medici

text: Midas Medici


text:
EX-99.1
2
ex_101631.htm
EXHIBIT 99.1
ex_101631.htm
Exhibit 99.1
enabling tomorrow's technologies™
355 South Technology Drive, Central Islip, New York 11722 |
T
631.981.7081 |
F
631.981.7095 | info@cvdequipment.com
CVD
Completes Purchase of 180,000 Sq. Ft. Facility
CENTRAL
ISLIP, N.Y., (Business Wire) - December 6, 2017 - CVD Equipment Corporation (NASDAQ: CVV), a leading provider of chemical vapor deposition systems and materials announced today that it has completed the purchase of the Company's planned additional facility, located at 555 North Research Place, Central Islip, NY. This new facility will be the primary manufacturing center for the Company's wholly owned subsidiary, CVD Materials Corporation.
Leonard
A. Rosenbaum, President and Chief Executive Officer stated, "With the completion of this purchase we now have the manufacturing space to accelerate our capabilities of providing materials, coatings, and surface treatments to meet our customers' needs. We look forward to the expansion of our carbon composites and electronic material, Tantaline®, and newly acquired MesoScribe™, product lines. We also anticipate future growth, both organically and by possible future acquisitions. With the purchase behind us, we are now focusing on bringing the new facility on-line and for additional growth opportunities enabled by this additional 180,000 square foot facility".
About CVD Equipment Corporation
CVD Equipment Corporation (NASDAQ:
CVV) designs, develops, and manufactures a broad range of chemical vapor deposition, gas control, and other state-of-the-art equipment and process solutions used to develop and manufacture materials and coatings for research and industrial applications. This equipment is used by its customers to research, design, and manufacture these materials or coatings for aerospace engine components, medical implants, semiconductors, solar cells, smart glass, carbon nanotubes, nanowires, LEDs, MEMS, and other applications. Through its application laboratory, the Company provides process development support and process startup assistance with the focus on
enabling tomorrow's technologies™.
Its wholly owned subsidiary CVD Materials Corporation provides advanced materials and metal surface treatments and coatings to serve demanding applications in the electronic, biomedical, petroleum, pharmaceutical, and many other industrial markets.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by CVD Equipment Corporation) contains statements that are forward-looking. All statements other than statements of historical fact are hereby identified as "forward-looking statements, "as such term is defined in Section 27A of the Securities Exchange Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward looking information involves a number of known and unknown risks and uncertainties that could cause actual results to differ materially from those discussed or anticipated by management. Potential risks and uncertainties include, among other factors, conditions, success of CVD Equipment Corporation
's growth and sales strategies, the possibility of customer changes in delivery schedules, cancellation of orders, potential delays in product shipments, delays in obtaining inventory parts from suppliers and failure to satisfy customer acceptance requirements.
For further information about CVD Equipment Corporation please contact:
Gina Franco
Phone: (631) 981-7081
Fax: (631) 981-7095
Email: investorrelations@cvdequipment.com
www.cvdequipment.com
| www.firstnano.com | www.stainlessdesign.com
Page
1
of
1

text: CVD

text: CVD Equipment Corporation

text: CVD

text:
Leonard
A. Rosenbaum

text: CVD Equipment Corporation

text: CVD Equipment Corporation

text: CVD

text: CVD Equipment Corporation

text: CVD Equipment Corporation

text: CVD Equipment Corporation


text:
EX-99.1
3
a06-26132_1ex99d1.htm
EX-99
Exhibit 99.1
For
Immediate Release
Crown Media Completes Sale of Film Library
STUDIO
CITY, CA - December 15, 2006
- Crown Media Holdings, Inc.
(NASDAQ: CRWN), owner and operator of Hallmark Channel, today announced that it
received the necessary regulatory approvals and has completed the sale of its
film library to RHI Enterprises, LLC.
The sale includes all rights in the United States to the over 600 television movies, mini-series and series in
the Crown Media library. Crown Media
will have the right to continue to broadcast selected titles from the library
on the Hallmark Movie Channel for up to two years.
About Crown Media Holdings
Crown Media Holdings, Inc.
(NASDAQ: CRWN) owns and operates cable television channels dedicated to high
quality, broad appeal, entertainment programming. The Company currently operates and
distributes Hallmark Channel in the U.S. to 75 million subscribers. The program service is distributed through
more than 5,300 cable systems and communities as well as direct-to-home satellite
services across the country. Hallmark Channel consistently ranks
among the top ten ad-supported cable networks in Prime Time and Total Day
household ratings and is the nation's leading network in providing
family-friendly programming. Crown Media
also operates a second 24-hour linear channel, Hallmark Movie Channel.
Significant investors in Crown Media Holdings include: Hallmark Entertainment
Holdings, Inc., a subsidiary of Hallmark Cards, Incorporated, Liberty Media
Corp., and J.P. Morgan Partners (BHCA), LP, each through their investments in
Hallmark Entertainment Investments Co.; VISN Management Corp., a for-profit
subsidiary of the National Interfaith Cable Coalition; and The DIRECTV Group,
Inc.
For additional information, please contact:
Mindy Tucker
Nancy Carr
IR Focus
Hallmark Channel
914.725.8128
818.755.2643
mindy@irfocusllc.com
nancycarr@hallmarkchannel.com
# # #

text: Crown Media

text: Crown Media Holdings, Inc.

text: RHI Enterprises, LLC

text: Crown Media

text: Crown Media

text: Crown Media Holdings, Inc.

text: Crown Media


text:
EX-99.1
4
d699024dex991.htm
EX-99.1
EX-99.1
Exhibit 99.1
Amedisys Closes on Acquisition of Compassionate Care Hospice
Company Becomes Third Largest Hospice Provider in America
Announces Expanded $725 million Senior Secured Credit Facility
BATON ROUGE, La., February 4, 2019 - Amedisys, Inc. (the "Company" or "Amedisys") (NASDAQ: AMED), America's leading
independent home health, hospice and personal care company, has closed on its acquisition of Compassionate Care Hospice, a hospice provider headquartered in Parsippany, New Jersey, with 2,300 employees and 53 locations nationwide.
Under the terms of the agreement, Amedisys acquired 100 percent of the ownership interests in Compassionate Care Hospice for a fixed price of
$340 million, which is inclusive of $50 million in payments related to a tax asset and working capital.
"I am excited to welcome the
employees of Compassionate Care Hospice to the Amedisys family", stated CEO and President Paul Kusserow. "This acquisition allows us to substantially expand our hospice footprint, care for more patients, and together continue to provide
best-in-class
care to all patients we serve. We look forward to immediately beginning integration of our operations and services and will update everyone on our 2019
outlook for the business during our upcoming earnings call".
As disclosed in the Company's October 10, 2018 press release announcing the
acquisition, Compassionate Care Hospice generates approximately $188 million in annual revenues, with an adjusted EBITDA of $27 million.
With
this transaction, Amedisys now cares for more than 11,000 hospice patients daily in 33 states, operating 137 hospice care centers and making it the third largest hospice provider in America. In total, the Company now has 472 care centers in 38
states and the District of Columbia.
The Company also expanded its borrowing capacity by $175 million to $725 million, consisting of a
$550 million revolving credit facility and a $175 million term loan. The initial pricing will represent an interest rate reduction of 25 basis points compared to pricing under the previous credit facility. Upon closing of the Compassionate
Care Hospice acquisition, the Company will have approximately $350 million of liquidity available.
"I would like to thank our partners in our
banking syndicate whose commitments and support will allow us to continue executing upon our inorganic growth strategy", said CFO Scott Ginn. "We look forward to putting this additional capital to use in the coming year".
The Company plans to utilize the proceeds from the upsized facility to fund the purchase of Compassionate Care Hospice and provide additional liquidity to
capitalize on an active pipeline of acquisition opportunities. The lender syndicate of ten banks was led by Bank of America Merrill Lynch, as Administrative Agent and Joint Bookrunner, JPMorgan Chase Bank, N.A., as
Co-Syndication
Agent and Joint Bookrunner and Fifth Third Bank and Citizens Bank, N.A., as Joint Lead Arrangers.
Kantrow Spaht Weaver & Blitzer (APLC) served as legal counsel for Amedisys and Lowenstein Sandler
LLP served as legal counsel for Compassionate Care Hospice for the purposes of this acquisition.
Media Contact:
Investor Contact:
Kendra Kimmons
Nick Muscato
Vice President of Marketing & Communications
Vice President of Strategic Finance
225-299-3708
615-928-5452
kendra.kimmons@amedisys.com
nick.muscato@amedisys.com
Non-GAAP
Financial Measures
This press release includes a reconciliation of the most comparable financial measure calculated and presented in accordance with accounting principles
generally accepted in the U.S. ("GAAP") to
non-GAAP
financial measures. The
non-GAAP
financial measure used in this press release, as defined under SEC rules,
is as follows: adjusted EBITDA of Compassionate Care Hospice ("CCH"), defined as net income before provision for income taxes, net interest expense and depreciation and amortization, excluding certain items. Management believes that this
non-GAAP
financial measure, when reviewed in conjunction with GAAP financial measures, is a useful gauge of CCH's historical performance. This
non-GAAP
financial measure
should be considered in addition to, and not more meaningful than or as an alternative to GAAP financial measures.
Non-GAAP
measures as presented herein may not be comparable to similarly titled measures
reported by other companies since not all companies calculate these
non-GAAP
measures consistently.
Forward-Looking Statements
When included in this press
release, words like "believes", "belief", "expects", "plans", "anticipates", "intends", "projects", "estimates", "may", "might", "would,"
"should", "will" and similar expressions are intended to identify forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to,
statements regarding the expected effects of the Compassionate Care Hospice acquisition, the Company's inorganic growth strategy, and the planned use of proceeds of the upsized credit facility. These forward-looking statements involve a variety
of risks and uncertainties that could cause actual results to differ materially from those described therein. These risks and uncertainties include, but are not limited to the following: our ability to realize the anticipated benefits of the
acquisition of Compassionate Care Hospice, changes in Medicare and other medical payment levels, our ability to open care centers, acquire additional care centers and integrate and operate these care centers effectively, changes in or our failure to
comply with existing federal and state laws or regulations or the inability to comply with new government regulations on a timely basis, competition in the healthcare industry, changes in the case mix of patients and payment methodologies, changes
in estimates and judgments associated with critical accounting policies, our ability to maintain or establish new patient referral sources, our ability to
attract and retain qualified personnel, changes in payments and covered services by federal and state governments, future cost containment initiatives undertaken by third-party payors, our access
to financing, our ability to meet debt service requirements and comply with covenants in debt agreements, business disruptions due to natural disasters or acts of terrorism, our ability to integrate, manage and keep our information systems secure,
our ability to comply with requirements stipulated in our corporate integrity agreement and changes in law or developments with respect to any litigation relating to the Company, including various other matters, many of which are beyond our control.
Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, you should not
rely on any forward-looking statement as a prediction of future events. We expressly disclaim any obligation or undertaking and we do not intend to release publicly any updates or changes in our expectations concerning the forward-looking statements
or any changes in events, conditions or circumstances upon which any forward-looking statement may be based, except as required by law.
About
Amedisys:
Amedisys, Inc. is a leading healthcare at home Company delivering personalized home health, hospice and personal care. Amedisys is focused
on delivering the care that is best for our patients, whether that is home-based personal care; recovery and rehabilitation after an operation or injury; care focused on empowering them to manage a chronic disease; or hospice care at the end of
life. More than 3,000 hospitals and 65,000 physicians nationwide have chosen Amedisys as a partner in post-acute care. Founded in 1982, headquartered in Baton Rouge, LA with an executive office in Nashville, TN, Amedisys is a publicly held company.
With more than 21,000 employees in 472 care centers in 38 states and the District of Columbia, Amedisys is dedicated to delivering the highest quality of care to the doorsteps of more than 376,000 patients and clients in need every year. For more
information about the Company, please visit:
www.amedisys.com
.
# # #
Reconciliation of
non-GAAP
Measures:
For the Twelve Months
Ended May 31, 2018
($ thousands - unaudited)
Net income attributable to Compassionate Care Hospice
$
21,265
Add:
Income tax expense
2,436
Interest expense, net
146
Depreciation and amortization
43
Certain items
3,052
Adjusted EBITDA
1
attributable to
Compassionate Care Hospice
$
26,942
1.
Adjusted EBITDA is defined as net income before provision for income taxes, net interest expense and
depreciation and amortization, excluding certain items.

text: Amedisys

text: Amedisys

text: Amedisys

text: Amedisys

text: Amedisys

text: Amedisys

text: Kantrow Spaht Weaver & Blitzer

text: Amedisys

text:
Lowenstein Sandler
LLP

text: Nick Muscato

text: Amedisys

text: Amedisys

text: Amedisys

text: Amedisys

text: Amedisys

text: Amedisys


text:
EX-99.1
5
evio_ex991.htm
PRESS RELEASE
evio_ex991.htm
EXHIBIT 99.1
EVIO Inc. Completes Acquisition of Licensed California Cannabis Testing Laboratory
BEND, OR / January 2, 2018/
EVIO, Inc. (OTCQB: EVIO), a life sciences company and leading provider of quality control testing and advisory services to the regulated cannabis industry, announced today that it completed the acquisition of 60% of C3 Labs, LLC. EVIO also has the option to purchase the remaining ownership subject to terms disclosed below. Effective January 1, 2018, C3 Labs LLC was also granted its temporary testing license from the State of California, and will operate under the brand EVIO Labs Berkeley.
Located in Berkeley, CA, C3 Labs will serve licensed California cannabis businesses in accordance with the rules set forth by the Bureau of Cannabis Control. The State already issued more than 400 temporary licenses with more than 1,800 applications have been submitted and still pending review. The Bureau of Cannabis Control also implemented emergency rules which require all cannabis harvested or manufactured after January 1, 2018 be tested by a licensed testing laboratory. Testing rules will phase-in, with increased testing requirements both on July 1, 2018 and January 1, 2019.
Licensed Cannabis companies seeking to obtain testing services from EVIO Labs Berkeley can reach the lab by calling 888-544-EVIO (3846) extension 2001.
"The addition of C3 Labs to the EVIO network is a tremendous milestone for EVIO Inc. C3 Labs generated over $1M in consulting revenues during the last two years, EVIO plans to continue offering these services along with traditional compliance testing. The 8,000 square foot facility is already outfitted with the latest analytical testing equipment, and will become our Northern California hub laboratory", commented William Waldrop EVIO CEO, "This acquisition represents a significant development for EVIO as the Company continues to focus on increasing market share in the state of California. Demand for testing services is expected to increase significantly as the state rolls out its adult-use marijuana market".
In consideration of the C3 Labs 60% membership acquisition, EVIO issued a $500,000 convertible promissory note that bears no interest and has a maturity date six months from closing at which time the note will automatically convert at a rate of $0.75 per share. EVIO also issued a $100,000 promissory note that is due within 90 days of closing. For a period of three years from closing date, EVIO has the right to acquire an additional 30% ownership for $450,000 payable in cash and/or stock subject to C3 member approval. Contingent upon exercise of the 30% option, EVIO will have the option to acquire the remaining 10% ownership after three years from closing. The purchase price will be mutually agreeable at that time, or subject to independent third-party valuation.
About C3 Labs, LLC.
Located in Berkeley, CA, C3 Labs, LLC has been serving the cannabis industry since 2015. C3 Labs was one of the nation's first, true, cannabis-focused contract research organization (CRO), with both field services and a state of the art research center in beautiful Berkeley, California. C3 Labs' highly experienced scientists and engineers utilize cutting edge technology to support their customers in analytical chemistry, process chemistry, formulations, and engineering. C3 Labs applies technologies employed by the food product and pharmaceutical industries to ensure that growers and processors operate in a fully compliant and quality manner and helps clients maintain
the
highest level of safe and effective medicinal products. Their staff has over 40 years of collective hands-on analytical expertise working in the Pharmaceutical and Petrochemical industries with 7 years of experience consulting to the FDA, USDA, and EPA, as well as the companies regulated by these agencies.
1
About EVIO, Inc.
EVIO, Inc. is a life sciences company focused on analyzing cannabis as a means for improving quality of life. The Company provides analytical testing services, advisory services and performs product research in its accredited laboratory testing facilities. The Company's EVIO Labs division operating coast-to-coast provides state-mandated ancillary services to ensure the safety and quality of the nation's cannabis supply.
For more information, visit www.eviolabs.com
Safe Harbor Statement
Any statements in this press release that are not statements of historical fact maybe considered to be forward-looking statements. Statements may contain certain forward-looking statements pertaining to future anticipated or projected plans, performance and developments, as well as other statements relating to future operations and results. Words such as "may", "will", "expect", "believe", "anticipate", "estimate", "intends", "goal", "objective", "seek", "attempt", or variations of these or similar words, identify forward-looking statements. These forward-looking statements by their nature are estimates of future results only and involve substantial risks and uncertainties, including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, our ability to complete our product testing and launch our product commercially, the acceptance of our product in the marketplace, the uncertainty of the laws and regulations relating to cannabis, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed from time to time in our reports filed with the Securities and Exchange Commission, available at www.sec.gov or www.eviolabs.com
Company Contact:
EVIO Inc.
Bend, OR
www.EVIOlabs.com
888.544.EVIO
info@EVIOlabs.com
Communications Contact:
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
2

text: EVIO Inc.

text: EVIO, Inc.

text: C3 Labs, LLC

text: EVIO Labs Berkeley

text: EVIO Labs Berkeley

text: EVIO Inc.

text: C3 Labs, LLC

text: C3 Labs, LLC

text: EVIO, Inc.

text: EVIO, Inc.

text: EVIO Inc.