text:
EX-99.1
4
e21568_ex99-1.htm
Exhibit 99.1
FOR
IMMEDIATE RELEASE
Investor Relations Contact:
Dominic C. Canuso
(302) 571-6833
January 3, 2022
dcanuso@wsfsbank.com
Media Contact:
Rebecca Acevedo
(215) 253-5566
racevedo@wsfsbank.com
WSFS Financial Corporation Completes Acquisition of Bryn Mawr Bank Corporation
and Welcomes Three New Board Members
WILMINGTON, Del. - WSFS Financial Corporation (Nasdaq: WSFS), the
parent company of WSFS Bank, completed the acquisition of the Bryn Mawr Bank Corporation (Nasdaq: BMTC) ("Bryn Mawr"), and
its primary subsidiary, The Bryn Mawr Trust Company ("Bryn Mawr Trust"), as of January 1, 2022. In addition, in accordance
with the merger agreement between WSFS and Bryn Mawr, Frank J. Leto, Lynn B. McKee, and Diego F. Calderin are joining the Board of Directors
of WSFS and WSFS Bank. With the acquisition finalized, WSFS strengthens its position as the premier, locally headquartered bank and wealth
management franchise in the Greater Philadelphia and Delaware region with approximately $20 billion in assets, and approximately $49 billion
in assets under administration and management.
"Both companies bring a long history of service for our Customers and Communities,
and together we will bring a deeper level of knowledge and commitment to the region", said Rodger Levenson, WSFS' Chairman,
President and CEO. "Our Customers will benefit from a highly engaged and dedicated team whose primary focus is delivering premier
products and services to the Greater Philadelphia and Delaware region." Levenson added, "We are also pleased to welcome Frank
Leto, Lynn McKee, and Diego Calderin to the WSFS Board of Directors. We know they will bring new ideas, perspectives, and industry acumen
to complement the current Board's leadership and institutional knowledge".
Bryn Mawr Trust and WSFS Customer relationships will continue business as usual
until the anticipated systems integration and brand conversion in late Q1 2022.
Bryn Mawr Trust Wealth Management Clients will continue to be served by the
same professionals from Bryn Mawr Trust Wealth Management. The integration of WSFS Wealth and Bryn Mawr Trust Wealth Management groups
will take place throughout 2022. Both banks' Customers, however, have immediate and free access to the combined WSFS and Bryn Mawr
Trust ATM network of more than 600 ATMs.
The new board members bring a wealth of knowledge and experience. Frank Leto
served as the President of Bryn Mawr since May 2014, and Chief Executive Officer of Bryn Mawr and Bryn Mawr Trust since January 2015.
Prior to that, between 2009 and 2014, Leto held a number of roles within the organization including Executive Vice President of Bryn Mawr
Trust's Wealth Management division, General Counsel, and Chief Operating Officer. Leto was also one of the longest standing directors
of Bryn Mawr and Bryn Mawr Trust, having served on the Boards of Directors from 2002 to 2021, including as Lead Independent Director from
2006 through 2009.
Active in the community, Leto's charitable work includes board positions
with The Andalusia Foundation, The Bryn Mawr Hospital Foundation and Pennsylvania Bankers Association. He previously served on the Boards
of AIM Academy, Baker Industries, The Bryn Mawr Film Institute, The Pennsylvania Academy of Fine Arts, The Pennsylvania Association of
Community Bankers and The Riddle Healthcare Foundation. Leto earned a bachelor's degree in political science from Saint Joseph's
University and a J.D. (cum laude) from The Delaware Law School of Widener University.
Lynn McKee is Executive Vice President, Human Resources for Aramark, a global
services management company employing about 248,000 associates across 19 countries. In her role, McKee is responsible for all aspects
of human resources, including building culture and employee engagement; compensation and benefits; talent management, including talent
acquisition, executive and leadership development and succession planning; and employee and labor relations. McKee also oversees Aramark's
Diversity, Equity and Inclusion, Sustainability, and Community Relations functions in addition to Corporate Services.
McKee previously served as a member of the Boards of Directors of Bryn Mawr
and Bryn Mawr Trust, where she was Chair of the Management Development & Compensation Committee, and as a member of the Board of Trustees
for Saint Joseph's University in Philadelphia, where she was Chair of the Facilities & Information Technology Committee. McKee
earned her undergraduate degree in Accounting from Saint Joseph's University and her MBA from Drexel University.
Diego Calderin is the co-founder and Managing Partner of Banbury Systems, a
data acquisition platform company that provides inventory tracking using advanced RFID readers with GPS and cellular transmission. He
was the original co-founder and Chief Technology Officer of Anexinet, which became an award-winning Digital Systems Integration company.
In 2014, Calderin and his partners sold Anexinet to a private equity company. Prior to Anexinet, Calderin was a software engineer with
General Electric and consulted at Fortune 500 companies. Calderin brings significant experience in business management, technology and
financial services industries.
Calderin previously served as a member of the Boards of Directors of Bryn Mawr
and Bryn Mawr Trust, where he was Chair of the IT Steering Committee, and as a member of the Board of Trustees for The Haverford Trust
Company, a money management firm. He is also a member of the Board of Trustees for La Salle University, where he serves on the Finance,
Facilities and Student Affairs Committees.
About WSFS Financial Corporation
WSFS Financial Corporation is a multi-billion-dollar financial services company.
Its primary subsidiary, WSFS Bank, is the oldest and largest locally managed bank and trust company headquartered in Delaware and the
Greater Philadelphia region. As of September 30, 2021, WSFS Financial Corporation had $15.4 billion in assets on its balance sheet and
$27.6 billion in assets under management and administration. WSFS operates from 112 offices, 89 of which are banking offices, located
in Pennsylvania (52), Delaware (42), New Jersey (16), Virginia (1) and Nevada (1) and provides comprehensive financial services including
commercial banking, retail banking, cash management and trust and wealth management. Other subsidiaries or divisions include Arrow Land
Transfer, Cash Connect®, Cypress Capital Management, LLC, Christiana Trust Company of Delaware®, NewLane Finance®, Powdermill®
Financial Solutions, West Capital Management®, WSFS Institutional Services®, WSFS Mortgage®, and WSFS Wealth® Investments.
Serving the Greater Delaware Valley since 1832, WSFS Bank is one of the ten oldest banks in the United States continuously operating under
the same name. For more information, please visit www.wsfsbank.com.
Forward-Looking Statements
This press release contains estimates, predictions, opinions, projections and
other "forward-looking statements" as that phrase is defined in the Private Securities Litigation Reform Act of 1995. Such statements
include, without limitation, references to WSFS' predictions or expectations of future business or financial performance as well
as its goals and objectives for future operations, financial and business trends, business prospects, and management's outlook or expectations
for earnings, revenues, expenses, capital levels, liquidity levels, asset quality or other future financial or business performance, strategies
or expectations. The words "believe", "expect", "anticipate", "will", and similar expressions,
among others, generally identify forward-looking statements. Such forward-looking statements are based on various assumptions (some of
which may be beyond WSFS' control) and are subject to significant risks and uncertainties (which change over time) and other factors,
including WSFS' acquisition of Bryn Mawr and the uncertain effects of the COVID-19 pandemic and actions taken in response thereto
on WSFS' business, results of operations, capital and liquidity, which could cause actual results to differ materially from those
currently anticipated. Such risks and uncertainties are discussed in detail in WSFS' and Bryn Mawr's Form 10-K for the year
ended December 31, 2020, Form 10-Q for the quarter ended March 31, 2021, Form 10-Q for the quarter ended June 30, 2021, Form 10-Q for
the quarter ended September 30, 2021, and other documents filed by WSFS and Bryn Mawr with the Securities and Exchange Commission from
time to time.
WSFS cautions readers not to place undue reliance on any such forward-looking
statements, which speak only as of the date on which they are made, and WSFS disclaims any duty to revise or update any forward-looking
statement, whether written or oral, that may be made from time to time by or on behalf of WSFS for any reason, except as specifically
required by law. As used in this press release, the terms "WSFS", "the Company", "registrant", "we",
"us", and "our" mean WSFS Financial Corporation and its subsidiaries, on a consolidated basis, and the term "Bryn
Mawr" means Bryn Mawr Bank Corporation and its subsidiaries, on a consolidated basis, unless the context indicates otherwise.
###

text: WSFS Financial Corporation

text: Bryn Mawr Bank Corporation

text: WSFS Financial Corporation

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text: WSFS

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text: Bryn Mawr

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text: WSFS Financial Corporation

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text: WSFS Financial Corporation

text:
Bryn
Mawr

text: Bryn Mawr Bank Corporation


dataset: buster

text:
EX-99.1
3
a5751170ex991.htm
EXHIBIT 99.1
Exhibit 99.1
Sapient
Acquires Derivatives Consulting Group Limited
Sapient
's
Trading and Risk Practice Expands in Fast-Growing Derivatives Operations
Market
BOSTON--(BUSINESS WIRE)--Sapient (NASDAQ: SAPE) today announced that it
acquired London-based Derivatives Consulting Group Limited (DCG), a
leading provider of derivatives consulting and outsourcing services to
investment banks, hedge funds, asset managers and commercial banking
clients. DCG is a leader in partnering with the industry to provide
derivative operations metrics and respond to the industry's operational
challenges.
With this acquisition, Sapient will add a globally integrated service in
derivatives processing to the market-leading capabilities of its Trading
and Risk Management (TRM) practice, which has been a key driver in
Sapient's growth. The addition of DCG will dramatically increase
Sapient's ability to address derivatives operations issues and further
strengthen its unique position in the marketplace.
Sapient's expanded TRM services will now include unique operations
benchmarking, deep derivatives and process expertise, operations
support, technology services and proven off-shore capabilities. These
will help clients both manage the growth and complexity of derivatives
transactions and eliminate the inefficiencies they currently experience
in derivative operations.
"Today's volatile markets and increasingly strict regulatory
environments make this an opportune time to add DCG's capabilities to
our TRM practice", said Sapient President and Chief Executive Officer
Alan Herrick. "Regulatory scrutiny has resulted in new demands on
clients to maintain compliance and reduce the risk associated with the
growing complexity and volumes of these transactions. Our TRM practice
is already well established and this move will bolster our
opportunities, both in the current uncertain times and in future growth
markets. TRM and our interactive services represent the fastest growing
parts of our business".
David Easthope, senior analyst at Celent, a Boston-based financial
research and consulting firm, concurs: "Given the growth in this area,
clients are looking to partner with firms that can help them define and
manage their derivative processes from start to finish. This allows them
to reduce costs while strengthening their ability to respond to the
regulatory and compliance demands associated with complex derivatives
trading and processing".
Sapient's acquisition of DCG is supported by a number of key global
trends. The worldwide derivatives market reached $677 trillion notional
in 2007 and continues to grow dramatically, according to Celent. While
derivatives volumes have grown, there has been a lag in operations
infrastructure investments. This has created greater demand for
operations support and technology. At the same time, government agencies
such as the U.S. Federal Reserve and the Financial Services Authority
have increased the regulation and scrutiny of derivatives transactions,
further compounding the existing operational challenges.
DCG will operate within Sapient's TRM practice, which provides high-end
business consulting, program management, technology delivery and process
outsourcing solutions focused on the specialized needs of risk
enterprises. Key clients of the practice include the leading firms in
the investment banking, asset management, hedge fund, insurance, oil &
gas, utilities and agricultural sectors.
"As the premium choice for the world's top global investment banks, we
were eager to realize our full growth potential by combining our
offering with Sapient's strong business consulting, technology and
outsourcing capabilities", said Cameron Munro, co-chief executive
officer, DCG. "This acquisition makes perfect sense for our clients and
our organization. Our vision and culture map very closely to
Sapient's-and together we can provide a powerful and unique set of
solutions for our combined client base. We are thrilled with this
opportunity".
Sapient Reports Second Quarter 2008 Results
Sapient also announced today in a separate news release its financial
results for the second quarter ended June 30, 2008. Service revenues
were up 29% from the second quarter a year ago.
About DCG
Headquartered in London, with offices in key trading centers such as New
York and Singapore, DCG provides operational support for derivatives
processing and advisory services to the world's top investment banks and
asset managers. DCG was incorporated in December 2003, is led by
derivative experts Cameron Munro and Jonathan Davies and was named as
one of the fastest growing companies in the UK by
Real Business
magazine.
About Sapient
Sapient, a global services firm, operates two groups-Sapient Interactive
and Sapient Consulting-that help clients compete, evolve and grow in an
increasingly complex marketplace. Sapient Interactive provides brand and
marketing strategy, award-winning creative work, web design and
development and emerging media expertise. Sapient Consulting provides
business and IT strategy, process and systems design, package
implementation and custom development, as well as outsourcing services
such as testing, maintenance and support.
Sapient's passion for client success-evidenced by its ability to foster
collaboration, drive innovation and solve challenging problems-is the
subject of case studies on leadership and organizational behavior used
by MBA students at both Harvard and Yale. Leading clients, including BP,
Essent Energie, Hilton International, Janus, Sony Electronics and
Verizon, rely on the company's unique approach to drive growth and
market momentum. Headquartered in Boston, Sapient operates across North
America, Europe and India. For more information, please visit
www.sapient.com
.
Sapient is a registered service mark of Sapient Corporation.
CONTACT:
Investor Relations Contact:
Sapient
Dean
Ridlon, +1-617-963-1598
dridlon@sapient.com
or
Media
Contact:
Sapient
Gail Scibelli, +1-305-581-0095
gscibelli@sapient.com
or
Media
Contact:
fama PR
Jeff Drew, +1-617-758-4145
sapient@famapr.com

label: organization

text: Sapient

text: Derivatives Consulting Group Limited

text: Sapient

text: Sapient

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source_dataset: expertai/BUSTER

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


text:
EX-99.1
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v432811_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
Dentsply Sirona Completes
$14.5 Billion Merger of Equals
Combination Creates the World's Largest
Manufacturer of Professional Dental Products
York, Pennsylvania,
February 29, 2016
- DENTSPLY SIRONA Inc. ("Dentsply Sirona") (NASDAQ: XRAY), The Dental Solutions Company
TM
,
today announced that it has successfully completed the previously announced merger of DENTSPLY International Inc. ("DENTSPLY")
and Sirona Dental Systems, Inc. ("Sirona"). The companies are now combined to form Dentsply Sirona, the world's
largest manufacturer of professional dental products and technologies with leading positions and platforms across consumables,
equipment, technology, and specialty products.
Jeffrey T. Slovin, Chief
Executive Officer of Dentsply Sirona commented: "With our merger complete, Dentsply Sirona can now focus its efforts on empowering
dental professionals to provide better, safer and faster dental care. As The Dental Solutions Company, we will drive long-term
growth by being uniquely positioned to deliver innovative solutions and support our customers with the broadest product portfolio
and the largest sales and service infrastructure in the industry. Dentsply Sirona will continue to be at the forefront of the digitization
of dentistry, single visit dentistry and improving clinical outcomes for patients around the world".
Bret W. Wise, Executive
Chairman of Dentsply Sirona added: "This is a transformational day for Dentsply Sirona and the entire dental market. Our
unparalleled offering of some of the most trusted brands in consumables, equipment and technology makes Dentsply Sirona the partner
of choice to dental professionals and labs today. With an unmatched commitment to investing in research, product development and
clinical education, Dentsply Sirona will advance patient care and improve oral health on a global scale for years to come".
Merger Close
DENTSPLY and Sirona completed
their merger on February 29, 2016. Shares of Sirona will be halted from trading prior to the open of the NASDAQ stock market and
will cease trading effective at the close of business today. Under the terms of the merger agreement, Sirona shareholders are entitled
to receive 1.8142 shares of Dentsply Sirona for each existing Sirona share.
About Dentsply Sirona:
Dentsply Sirona is the
world's largest manufacturer of professional dental products and technologies. Our products and solutions include leading
positions and platforms across consumables, equipment, technology, and specialty products. As The Dental Solutions Company, Dentsply
Sirona provides dental professionals a comprehensive end-to-end solutions offering. This offering includes some of the best-known
and established brands in the industry. We employ approximately 15,000 dedicated employees in more than 40 countries worldwide.
With a sales presence in more than 120 countries, patients and practitioners virtually everywhere in the world rely on Dentsply
Sirona. For more information about Dentsply Sirona and its products please visit
www.dentsplysirona.com
.
Forward Looking Statements:
This press release contains
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. These statements can be identified by the use of forward-looking terminology, including
"may", "believe", "will", "expect", "anticipate", "estimate", "plan,"
"intend", "project", "forecast", or other similar words. Statements contained in this press release
are based on information presently available to the Company and assumptions that the Company believe to be reasonable. The Company
is not assuming any duty to update this information if those facts change or if the assumptions are no longer believed to be reasonable.
Investors are cautioned that all such statements involve risks and uncertainties, and important factors could cause actual events
or results to differ materially from those indicated by such forward-looking statements. These risk factors include, without limitation;
risks that the new businesses will not be integrated successfully; risks that the combined companies will not realize the estimated
cost savings, synergies and growth, or that such benefits may take longer to realize than expected; risks relating to unanticipated
costs of integration, including operating costs, customer loss or business disruption being greater than expected; unanticipated
changes relating to competitive factors in the industries in which the Company operates; the ability to hire and retain key personnel;
reliance on and integration of information technology systems; international, national or local economic, social or political conditions
that could adversely affect the Company or its customers; risks associated with assumptions made in connection with critical accounting
estimates and legal proceedings; the ability to attract new customers and retain existing customers in the manner anticipated;
the continued strength of dental and medical device markets; the timing, success and market reception for our new and existing
products; uncertainty regarding governmental actions with respect to dental and medical products; outcome of litigation and/or
governmental enforcement actions; volatility in the capital markets or changes in our credit ratings; continued support of our
products by influential dental and medical professionals; our ability to successfully integrate acquisitions; risks associated
with foreign currency exchange rates; risks associated with our competitors' introduction of generic or private label products;
our ability to accurately predict dealer and customer inventory levels; our ability to successfully realize the benefits of any
cost reduction or restructuring efforts; our ability to obtain a supply of certain finished goods and raw materials from third
parties; changes in the general economic environment that could affect the business; and the potential of international unrest,
economic downturn or effects of currencies, tax assessments, tax adjustments, anticipated tax rates, raw material costs or availability,
benefit or retirement plan costs, or other regulatory compliance costs. The foregoing list of factors is not exhaustive.
Additional information
regarding these and other risk factors and uncertainties that may affect the Company's business and may cause actual results
to differ materially from these forward-looking statements, please refer to the Company's most recently filed Annual Report on
Form 10-K, subsequent Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other documents filed from time to time with
the SEC. The Company does not give any assurance (1) that it will achieve its expectations, or (2) concerning any result or the
timing thereof, in each case, with respect to any regulatory action, administrative proceedings, government investigations, litigation,
warning letters, consent decree, cost reductions, business strategies, earnings or revenue trends or future financial results.
Contact Information:
Derek Leckow
VP, Investor Relations
Dentsply Sirona Inc.
+1-717-849-7863
derek.leckow@dentsplysirona.com
Joshua Zable
VP, Investor Relations
Dentsply Sirona Inc.
+1-718-482-2184
joshua.zable@dentsplysirona.com

text: DENTSPLY International Inc.

text: Sirona Dental Systems, Inc.

label: person

text: Jeffrey T. Slovin

text: Derek Leckow

text: Joshua Zable


text:
EX-99.1
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w67326exv99w1.htm
EX-99.1
exv99w1
EXHIBIT 99.1
NEWS RELEASE
For Immediate Release
OTCBB: NAGA
North American Natural Gas Completes Merger Agreement
with PureRay Corporation and Closes $2M USD Financing.
Vancouver, B.C. July 25, 2008 - North American Natural Gas, Inc. (the "Company" or "NANG") (OTCBB:
NAGA.OB) is pleased to announce the completion of the merger with PureRay Corporation ("PureRay")
as contemplated in the letter of intent dated April 28, 2008 whereby the Company agreed to complete
an Agreement and Plan of Merger and Reorganization (the "Definite Agreement") to acquire 100% of
the outstanding equity securities of PureRay.
In conjunction with the merger, the Company closed the non-brokered private placement for gross
proceeds of $2,000,000 (USD), and officially changed the name of the company to PureRay
Corporation. The Company awaits confirmation from FINRA of its new trading symbol. The Company
has appointed Mr. Jefrey M. Wallace to the position of CEO and nominated Mr. Frank O'Dea to its
Board of Directors, effectively satisfying the terms of the previously announced merger agreement
Mr. Wallace, a well-known private equity executive from Atlanta, Georgia has joined the Company as
Chief Executive Officer and Director, and is inspired by the future. "This merger marks an
important milestone as we bring to market a technology that will truly change lives. Soon, the
developing world will have a lighting solution that is functional, environmentally friendly and
affordable", says Wallace.
Mr. Frank O'Dea, celebrated entrepreneur and humanitarian best-known for co-founding The Second Cup
specialty coffee empire will assume the seat of Chairman of the Board of Directors. Mr. O'Dea
mentored PureRay co-founders Mickael Joasil and Derek Blackburn in building the company from the
seeds of an idea to a manufacturer of environmentally friendly lighting products with global reach.
He will remain actively involved as the Company enters this period of increased profile and
capitalization.
PureRay has developed a patent pending self-contained, solar-powered LED lighting system with a
charging station and rechargeable bulbs designed for use in the off-grid market and the developing
world. The charging station is capable of powering rechargeable light bulbs, cell phones, and
other small electronic devices.
In emerging countries, fuel-based lighting generates 244 million tons of CO2 emissions per annum
and over 300,000 people die per year as a result of accidental fires. Additionally, 2.5 million
people (350,000 children) suffer severe fuel-fire-related burns annually. Nearly 2.0 million
children die annually in developing nations due to fuel-fire-related acute respiratory infection
and pneumonia. PureRay technology was engineered with these statistics in mind and offers a safe,
reliable, affordable and highly portable off-grid alternative lighting system.
"The completion of the merger accelerates our market launch and brings us that much closer to the
promise of safe and effective lighting for millions of people in the developing world. It allows us
to begin creating real value for our shareholders as we simultaneously bring usable, clean energy
to improve the lives of those that need it most, especially children", adds Mr. O'Dea.
About PureRay Corporation
PureRay Corporation was founded by Mickael Joasil and Derek Blackburn with the intent to markedly
improve the quality of light and the quality of life globally by using its proprietary energy
efficient lighting technology. PureRay is a technology company focused on building a platform of
Intellectual Property that makes solar charging and lighting systems practical and cost effective
for the developing world and domestic markets.
On behalf of the Board of Directors,
PureRay Corporation
Jefrey Wallace, CEO'
Disclaimer: This Press Release may contain, in addition to historical information, 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. These forward-looking statements are
identified by their use of terms and phrases such as "believe", "expect", "plan", "anticipate" and
similar expressions identifying forward-looking statements. Investors should not rely on
forward-looking statements because they are subject to a variety of risks, uncertainties and other
factors that could cause actual results to differ materially from North American Natural Gas's
expectations, and North American Natural Gas expressly does not undertake any duty to update
forward-looking statements. These factors include, but are not limited to the following, the
ability to further exploit its intellectual properties and other factors which may cause the actual
results, performance or achievements of the Company to be materially different from any future
results, performance or achievements expressed or implied by such forward-looking statements.
For further information please contact: PureRay Corporation CEO, Jefrey Wallace at 404.869.6242 or
jmw@kairosllc.com

text: North American Natural Gas

text: PureRay Corporation

text: North American Natural Gas, Inc.

text: PureRay Corporation

text:
PureRay
Corporation

text: Jefrey M. Wallace

text: PureRay Corporation

text: PureRay Corporation

text: PureRay Corporation

text: Jefrey Wallace

text: North American Natural Gas

text: North American Natural Gas

text: PureRay Corporation

text: Jefrey Wallace


text:
EX-99.1
6
v424807_ex99-1.htm
FORM 99.1
Exhibit 99.1
News From:
Release Date: November 13, 2015
Contact
:
Jenniffer Collins
Teligent, Inc.
(856) 697-4379
www.teligent.com
Teligent Completes Acquisition of Alveda
Pharmaceuticals' Assets
Accretive Transaction Extends Reach to
Canadian Market
BUENA, N.J., Nov. 13, 2015 /PRNewswire/ -- Teligent, Inc.
(NASDAQ: TLGT; "Teligent" or the "Company"), a New Jersey-based specialty generic pharmaceutical company,
today announced it has completed the acquisition of the assets of Alveda Pharmaceuticals, Inc. for $47 million CAD in cash. Announced
in October 2015, the accretive transaction provides Teligent a platform to expand its specialty generic pharmaceutical portfolio
of products across Canada.
"We look forward to building on the successful
business that the Alveda team has created over the last several years", said Jason Grenfell-Gardner, President and
CEO of Teligent. "We see great opportunities to integrate our R&D capabilities with the commercial and regulatory
strengths of our new colleagues in Canada".
As part of the deal closing, the Company announced the appointment
of Mike Bethell as General Manager, Canada for Teligent. "Mike has been with Alveda from the beginning. He has played
a significant role in driving the company's growth, and we look forward to his leadership and market expertise to further
build our business in Canada".
About Alveda Pharmaceuticals, Inc.
Alveda had net sales of approximately $16.0M CAD for its fiscal
year ended September 30, 2015.
Alveda has a pipeline of 8 injectable products, 4 of which are
under review by Health Canada. In addition, the business currently sells a portfolio of 17 molecules (36 injectable presentations)
in the Canadian market. We believe that Alveda is the market leader in Canada for most of the products in the company's catalogue.
The currently marketed injectable products include:
.
atropine sulphate
.
acetylcysteine
.
dimenhydrinate
.
ergonovine maleate
.
furosemide
.
irinotecan
.
lidocaine
.
lidocaine with epinephrine
.
piperacillin tazobactam
.
methylene blue
.
naloxone
.
succinylcholine chloride
.
sodium chloride
.
sterile water
.
epinephrine
Alveda will begin its transition to operate under the corporate
name Teligent in 2016.
About Teligent, Inc.
Teligent, Inc. (NASDAQ: TLGT) is a specialty generic pharmaceutical
company. Our mission is to be a leading player in the specialty generic prescription drug market. For more information, visit www.Teligent.com
and www.AlvedaPharma.com.
Forward Looking Statements
This press release includes certain "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include,
but are not limited to, plans, objectives, expectations and intentions, and other statements contained in this press release that
are not historical facts and statements identified by words such as " will", "believe", "target,"
"estimated", "continue" or words of similar meaning. These statements are based on our current beliefs or
expectations and are inherently subject to various risks and uncertainties, including those included from time to time in the "Risk
Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections
in our most recent Annual Report on Form 10-K, as updated by Quarterly Reports on Form 10-Q and other reports we file with the
Securities and Exchange Commission. Actual results may differ materially from these expectations. Factors that could cause actual
results to differ materially from these expectations include, but are not limited to: our inability to meet current or future regulatory
requirements in connection with existing or future ANDAs; our inability to achieve profitability; our failure to obtain FDA approvals
as anticipated; our inability to execute and implement our business plan and strategy; the potential lack of market acceptance
of our products; our inability to protect our intellectual property rights; changes in and the impact of global political, economic,
business, competitive, market, regulatory and other factors; and our inability to complete successfully future product acquisitions.
We assume no obligation to update any forward-looking statements or information, which speak as of their respective dates.

text: Teligent, Inc.

text: Teligent

text:
Alveda
Pharmaceuticals

text: Teligent, Inc.

text: Teligent

text: Alveda Pharmaceuticals, Inc.

text: Teligent

text: Jason Grenfell-Gardner

text: Teligent

text: Teligent

text: Alveda Pharmaceuticals, Inc.

text: Teligent

text: Teligent, Inc.

text: Teligent, Inc.


text:
EX-99.1
2
v420313_ex99-1.htm
EXHIBIT 99.1
Home Bancorp Completes Acquisition Of Louisiana Bancorp, Inc.
LAFAYETTE, La., Sept. 15, 2015 /PRNewswire/ -- Home Bancorp, Inc. (NASDAQ: HBCP) ("Home Bancorp"), the holding company of the 107-year-old Home Bank, N.A. (www.home24bank.com) announced the completion of its acquisition of Louisiana Bancorp, Inc. (NASDAQ: LABC) ("Louisiana Bancorp"), the holding company of the 106-year-old Bank of New Orleans ("BNO"). The combined company has total assets of approximately $1.5 billion, $1.2 billion in loans and $1.2 billion in deposits.
"Since announcing our merger plans in June, we have enjoyed welcoming BNO's customers and employees to the Home Bank family", said John W. Bordelon, President and Chief Executive Officer of Home Bancorp. "The combination of these two historic banks significantly enhances our ability to serve businesses and individuals across the Greater New Orleans region".
"On behalf of our Board of Directors, I'd like to thank our employees for their incredible commitment to building such a wonderful company over the years", said Lawrence J. LeBon, III, Chairman, President and Chief Executive Officer of Louisiana Bancorp. "We are pleased to have joined forces with the dedicated team at Home Bank. The merger is a win-win for our shareholders and customers. I know Home Bank will do a great job building upon and enhancing the customer
relationships we have developed over the years".
Home Bank plans to convert the branch and operating systems of the former BNO locations to those of Home Bank in January 2016. Home Bancorp anticipates this transaction will be accretive to earnings per share in the first full year of combined operations and accretive to tangible book value per share within approximately 3.5 years of closing. Following the merger, Home Bank's capital position remains strong with leverage and total risk-based capital ratios above 8.6% and 12.7%, respectively. No additional capital was needed to complete the transaction.
Shareholders of Louisiana Bancorp will receive $24.25 per share in cash, resulting in an aggregate deal value of $74.5 million.
This news release contains certain forward-looking statements within the meaning of the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements do not relate strictly to historical or current facts. Forward-looking statements reflect management's current views and estimates of future economic circumstances, industry conditions, company performance and financial results. They often include the words "believe", "expect", "anticipate", "intend", "plan", "estimate" or words of similar meaning, or future or conditional verbs such as "will", "would", "should", "could" or "may." Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors - many of which are beyond our control - could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements.
Forward-looking statements regarding the transaction are based upon currently available information.
Actual results could differ materially from those indicated in forward-looking statements. Among other factors, actual results may differ from those described in forward-looking statements due to: the possibility that the anticipated benefits from the transaction are not realized in the time frame anticipated or at all as a result of changes in general economic and market conditions, interest rates, laws and regulations and their enforcement, and the degree of competition in our markets; the ability to promptly and effectively integrate the businesses of the companies; the reaction of the companies' customers to the transaction; diversion of management time on merger-related issues; changes in asset quality and credit risk; the inability to sustain revenue and
earnings; and competitive conditions.
Home Bancorp's Annual Reports on Form 10-K and other reports describe some additional factors which could cause actual conditions, events or results to differ significantly from those described in forward-looking statements.
Forward-looking statements speak only as of the date they are made. Copies of the Home Bancorp's reports are available in the Investor Relations section of its website, www.home24bank.com. We do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made or to reflect the occurrence of unanticipated events.
Logo - http://photos.prnewswire.com/prnh/20130429/MM04092LOGO
CONTACT: John W. Bordelon, President and CEO (337) 237-1960

text: Home Bancorp

text: Louisiana Bancorp, Inc.

text: Home Bancorp, Inc.

text: Home Bancorp

text: Louisiana Bancorp, Inc.

text: John W. Bordelon

text: Home Bancorp

text: Home Bancorp

text: Home Bancorp

text: Home Bancorp

text: John W. Bordelon


text:
EX-99.1
2
aw6751ex991.txt
EXHIBIT 99.1
Exhibit 99.1
ACCESS WORLDWIDE CLOSES ON THE SALE OF PHARMACEUTICAL MARKETING OPERATION
ARLINGTON, Va., Aug. 7 /PRNewswire-FirstCall/ -- Access Worldwide
Communications, Inc. (OTC Bulletin Board: AWWC), a leading marketing services
organization, today announced that it has closed on the sale of all or
substantially all the assets of its Telemanagement Services, Inc. d/b/a TMS
Professional Markets Group ("Telemanagement Services") division, to TMS
Professional Markets Group, LLC, in a cash transaction valued at $10.5
million. With the sale of Telemanagement Services, the company has relocated
its corporate office to Arlington, Virginia.
"We now operate approximately 700 communications seats in three locations
in the US and 350 seats in Manila, Philippines", commented Shawkat Raslan,
Chairman and Chief Executive Officer of Access Worldwide. "With the sale of
Telemanagement Services we have fully paid our outstanding banking facility
and have the necessary resources to continue to expand our off shore
capability and capacity. We are actively negotiating for additional capacity
in the Philippines".
Access Worldwide is an established marketing company that provides a
variety of sales, communication and medical education services. Our spectrum
of services includes multilingual teleservices, customer service, telecom
services, financial services, medical meetings management, medical publishing,
editorial support, and database management, among others. Headquartered in
Arlington, Virginia, Access Worldwide has about 700 employees in offices
throughout the United States and the Philippines. More information is
available at http://www.accessww.com.
This press release contains forward-looking statements including
statements that involve known or unknown risks, uncertainties and other
factors that may cause the actual results to differ materially from those
expressed or implied by such forward-looking statements. Factors that could
cause actual results to differ materially from those expressed or implied by
such forward-looking statements, include, but are not limited to, the
following: Our ability to continue as a going concern if we are unable to
generate cash flow and income from operations; our ability to secure financing
at a competitive rate; competition from other third-party providers and those
clients and prospects who may decide to do work in-house that we currently do
for them; our ability to successfully operate the facility in the Philippines;
consolidation in the medical, telecommunications and consumer products
industries which reduces the number of clients and prospects that are able to
be served; potential consumer saturation reducing the need for services; our
ability and clients' ability to comply with state, federal and industry
regulations; our reliance on a limited number of major clients and the
reduction in services performed for or the loss of one or more major clients;
our ability to develop or fund the operations of new products or service
offerings; our reliance on technology; our reliance on key personnel and labor
force and our ability to recruit additional personnel. For a more detailed
discussion of these risks and others that could affect results, see our
filings with the Securities and Exchange Commission, including the risk
factors section of Access Worldwide's Annual Report on Form 10-K for the year
ended December 31, 2005 filed with the Securities and Exchange Commission. The
Company assumes no duty to update any forward-looking statements.
SOURCE Access Worldwide Communications, Inc.
-0- 08/07/2006
/CONTACT: Mark Wright, Investor Relations, +1-703-292-5210,
mwright@accessww.com, or Richard Lyew, Executive Vice President & CFO,
+1-703-292-5210, rlyew@accessww.com, both of Access Worldwide Communications,
Inc./
/Web site: http://www.accessww.com/
(AWWC)

text: ACCESS WORLDWIDE

text:
Access Worldwide
Communications, Inc.

text:
TMS
Professional Markets Group, LLC

text: Shawkat Raslan

text: Access Worldwide

text: Access Worldwide

text: Access Worldwide

text: Access Worldwide

text: Access Worldwide Communications, Inc.


text:
EX-99
2
press_release.htm
PRESS RELEASE
NEWS RELEASE
800 Cabin Hill Drive, Greensburg, PA 15601-1689
Media contact:
Investor contact:
Allen Staggers
Max Kuniansky
Manager, Corporate Communications
Executive Director, Investor Relations
Phone: (724) 830-5433
and Corporate Communications
Media Hotline: (888) 233-3583
Phone: (724) 838-6895
E-mail:
astagge@alleghenyenergy.com
E-mail:
mkunian@alleghenyenergy.com
IGS media contact:
Tom M. Taylor
President
400 South Boston, Suite 1000
Tulsa, Okla. 74103
Phone: (918) 592-4422
E-Mail:
tommtaylor@aol.com
FOR IMMEDIATE RELEASE
Allegheny Energy Completes Sale of Natural Gas Operations
GREENSBURG, Pa., September 30, 2005
- Allegheny Energy, Inc. (NYSE: AYE) today announced that it has completed the sale of its West Virginia natural gas operations to Mountaineer Gas Holdings, a partnership composed of IGS Utilities and affiliates of ArcLight Capital Partners. Cash proceeds received by Allegheny at closing were $161 million. The buyer has also assumed $87 million of the company's debt.
"Completing this transaction is another milestone in our effort to focus on our core business and strengthen our financial condition", said Paul J. Evanson, Chairman, President and Chief Executive Officer of Allegheny Energy. "We will make the transition as smooth as possible to ensure that customers receive top quality service throughout the process".
Allegheny's natural gas operations include Mountaineer Gas Company, Mountaineer Gas Services and West Virginia Power Gas Services. Effective October 1, all of these utilities will begin to do business as Mountaineer Gas. For natural gas service outages and emergencies, customers should call
1-800-834-2070
,
24 hours a day. For information, business and account calls, they may call the same number between 6 a.m. and 8 p.m. weekdays and from 8 a.m. to 4:30 p.m. on weekends.
Allegheny Energy
Headquartered in Greensburg, Pa., Allegheny Energy is an investor-owned utility consisting of two major businesses. Allegheny Energy Supply owns and operates electric generating facilities, and Allegheny Power delivers low-cost, reliable electric service to customers in Pennsylvania, West Virginia, Maryland, Virginia and Ohio. For more information, visit our Web site at
www.alleghenyenergy.com.
Forward-Looking Statements
In addition to historical information, this release contains a number of "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Words such as anticipate, expect, project, intend, plan, believe, and words and terms of similar substance used in connection with any discussion of future plans, actions, or events identify forward-looking statements. These include statements with respect to: regulation and the status of retail generation service supply competition in states served by Allegheny Energy's distribution business, Allegheny Power; financing plans; demand for energy and the cost and availability of raw materials, including coal; provider-of-last-resort and power supply contracts; results of litigation; results of operations; internal controls and procedures; capital expenditures; status and condition of plants and equipment; regulatory matters;
and accounting issues. Forward-looking statements involve estimates, expectations and projections and, as a result, are subject to risks and uncertainties. There can be no assurance that actual results will not materially differ from expectations. Actual results have varied materially and unpredictably from past expectations. Factors that could cause actual results to differ materially include, among others, the following: changes in the price of power and fuel for electric generation; general economic and business conditions; changes in access to capital markets; complications or other factors that render it difficult or impossible to obtain necessary lender consents or regulatory authorizations on a timely basis; environmental regulations; the results of regulatory proceedings, including proceedings related to rates; changes in industry capacity, development and other activities by Allegheny Energy's competitors; changes in the weather and other natural phenomena; changes in
the underlying inputs and assumptions, including market conditions used to estimate the fair values of commodity contracts; changes in laws and regulations applicable to Allegheny Energy, its markets or its activities; the loss of any significant customers or suppliers; dependence on other electric transmission and gas transportation systems and their constraints or availability; changes in PJM, including changes to participant rules and tariffs; the effect of accounting policies issued periodically by accounting standard-setting bodies; and the continuing effects of global instability, terrorism and war. Additional risks and uncertainties are identified and discussed in Allegheny Energy's reports filed with the Securities and Exchange Commission.
-###-

text: Tom M. Taylor

text: Allegheny Energy

text: Allegheny Energy, Inc.

text: Mountaineer Gas Holdings

text: IGS Utilities

label: fund

text: ArcLight Capital Partners

override: fund

text: Paul J. Evanson

text: Allegheny Energy

text: Allegheny Energy

text: Allegheny Energy

text: Allegheny Energy

text: Allegheny Energy

text: Allegheny Energy

text: Allegheny Energy

text: Allegheny Energy


text:
EX-99.1
16
v118560_ex99-1.htm
Exhibit
99.1
Equity
Media Receives up to $37.5 million in Asset Sales Transaction with Group led
by
Largest Shareholder Henry Luken III
Assets
Include Retro Television Network (RTN) Subsidiary and Certain
Stations
Equity
Media Has Option to Repurchase RTN
Equity
Media Enters into Amendment to its Credit Facility with
Lenders
June
25,
2008 - Little Rock, Ark. - Equity Media Holdings Corporation (NASDAQ:EMDA) today
announced it has closed an asset sales transaction with Luken Communications,
LLC, a group led by Equity Media's largest shareholder Henry Luken III (the
"Investors"). The Investors purchased Equity Media's Retro Television Network
(RTN) subsidiary for $18.50 million. Equity Media has the option to repurchase
RTN at any time during the next six months. Concurrently with the closing of
the
RTN sale, the Investors purchased for $1.50 million warrants to purchase up
to
8,050,000 shares of Equity Media for $1.10 per share. Equity Media also has
entered into asset purchase agreements with the Investors for the sale by Equity
Media of certain television stations. Equity Media has received a $5 million
prepayment on the stations sale from the Investors. The stations sale will
be
consummated, and Equity Media will receive the remaining payment of $12.5
million, upon receipt of FCC and certain other approvals. Following consummation
of the station sales, Equity Media will continue to own and operate 100 stations
in 35 markets representing 24.8% of U.S. television households based on Equity
Media's current stations roster.
The
transactions with the Investors were approved by a special committee of the
board of directors of Equity Media, which received an opinion from an
independent investment bank that the consideration being received in the
transactions was fair, from a financial point of view, for Equity Media's
unaffiliated stockholders.
Equity
Media will use a portion of the current proceeds from the transactions to retire
a portion of its credit facilities in a principal amount of $17.5 million.
The
remaining current and future proceeds from the transactions will be used for
working capital, further debt reduction and to fund operations as Equity Media
continues to explore ways to maximize shareholder value, including pursuing
strategic partnerships, potential further sales of assets, cost cutting
initiatives and additional financings. Equity Media has entered into an amended
engagement agreement with Thomas Weisel Partners with respect to these
efforts.
Equity
Media has also executed an amendment to its existing senior secured credit
facility.
The
transaction overview with the Investors is as follows:
Sale
of Retro Television Network
Equity
Media today received $18.5 million in cash for all of the outstanding shares
of
Retro Programming Services, Inc. ("RTN"). RTN is a growing network with 73
affiliates that currently covers 38% of U.S. television households. Equity
Media
has the option ("RTN Option") to repurchase RTN for $27.75 million plus an
amount equal to the capital and net operating expenditures invested by the
Investors prior to the repurchase (together with a return on such expenditures
at the rate of 12% per annum), which is exercisable at any time through December
24, 2008. The Investors received a license to utilize Equity Media's Central
Automated Satellite Hub ("CASH") delivery technology in operating RTN. Equity
Media will maintain the RTN operations center in Little Rock, Arkansas and
create communications links between any new operations center created by Luken
Communications, LLC. These operations centers will serve as backup to each
other
with the data required to operate each of the centers redundant.
As
part
of its engagement by Equity Media, Thomas Weisel Partners will explore strategic
alternatives, including potentially working with strategic partners, for the
repurchase of Retro Television Network during the option period and also will
assist in identifying additional sources to help finance additional digital
networks, similar to the RTN model, that Equity Media may develop using the
CASH
technology system. Management of Equity Media believes that the transaction
with
the Investors will allow for RTN to continue expanding affiliate relationships
and its national reach during the option period. Equity Media will work with
the
Investors to assist in the continued growth of RTN as Equity Media makes efforts
to realize on its current objective of repurchasing RTN.
Sale
of Certain Television Stations
Equity
Media has entered into an agreement with the Investors to sell certain
television stations currently affiliated with Univision/Telefutura located
in
six markets including Amarillo (Texas), Waco (Texas), Fort Myers/Naples
(Florida), Minneapolis (Minnesota), Oklahoma City (Oklahoma) and Tulsa
(Oklahoma). Equity Media today received $5.0 million as an initial payment
from
the Investors, which is nonrefundable except in certain circumstances. Equity
Media will receive an additional $12.5 million upon consummation of the stations
sale, which is subject to Univision's right of first refusal held on these
stations and customary Federal Communication Commission approval. Equity Media
has the right to terminate the agreement prior to consummation of the sale,
subject to certain provisions.
Warrant
Purchase
Equity
Media sold warrants to the Investors to purchase 8,050,000 shares of Equity
Media's common stock at an exercise price of $1.10 per share, exercisable
through September 7, 2009 (the "Luken Warrants"). The purchase price for the
warrants was $1.5 million. In the event the Luken Warrants are exercised, the
Investors' ownership stake would increase from approximately 20% ownership to
approximately 30% ownership. In connection with the amended engagement agreement
between Thomas Weisel Partners and Equity Media, Thomas Weisel Partners received
warrants to purchase up to 1,075,279 shares on the same terms as the Luken
Warrants, as well as a cash fee, in consideration of its assistance with the
transactions with the Investors.
2
Amendment
to Senior Secured Credit Facility
Equity
Media has also entered into an amendment to its senior secured credit facility.
Equity Media will use a portion of the current proceeds from the transactions
with the Investors to pay down a portion of such credit facility. Following
this
pay down, approximately $38.5 million will be outstanding under the credit
facility.
Equity
Media previously announced a management realignment and will focus on leveraging
its core assets as a digital delivery platform, disposing of non-core station
assets, realizing increased revenue and cost reduction opportunities across
Equity Media's media platform, and offering new opportunities for content
delivery for digital networks and station owners.
"On
behalf of the Board of Directors and management we are excited to have closed
on
the transactions. The proceeds of these transactions enable us to continue
to
offer the depth of our technology platform, television stations and new business
opportunities for our partners and shareholders", said John E. Oxendine, Chief
Executive Officer of Equity Media Holdings Corporation. "Equity Media has an
exciting technology platform that complements management's mission to offer
compelling media services to content owners, advertisers, and
affiliates".
About
Equity Media Holdings Corporation
Equity
Media Holdings Corporation (Nasdaq:EMDA) is a broadcaster with multiple sources
of revenue and value in its operations that include its Broadcast Services
Division, Broadcast Station Group and Spectrum Holdings Division. Equity Media's
proprietary Centralized Automated Satellite Hub (C.A.S.H.) system provides
centralized content distribution services which Equity Media believes are unique
within the media industry. Equity Media is the second largest affiliate group
of
the top ranked Univision and TeleFutura networks, two networks driven by the
growth of the Hispanic population in the U.S. For more information, please
visit
www.EMDAholdings.com.
CONTACT:
Equity
Media Holdings Corporation
Investor
Relations
501-219-2400
Luken
Communications, LLC
Henry
Luken
800-754-1200
3

text: Equity Media Holdings Corporation

text: The Investors

text: the Investors

text: the Investors

text: the Investors

text: the Investors

text: the Investors

text:
the
Investors

text: The Investors

text: the Investors

text:
the
Investors

text: the Investors

text: the Investors

text: Media

text: the Investors

text:
the
Investors

text: the Investors

text: the Investors

text: John E. Oxendine

text: Equity Media Holdings Corporation

text: Equity Media Holdings Corporation

text:
Equity
Media Holdings Corporation

text:
Equity
Media Holdings Corporation


text:
EX-99
8
ex991.txt
Exhibit 99.1
First National Lincoln Corporation completes
FNB Bankshares Merger
DAMARISCOTTA, MAINE, January 14 -- First National Lincoln Corporation (NASDAQ
NM: FNLC) today announced that the merger with FNB Bankshares of Bar Harbor,
Maine (OTC BB: FBSH), has been completed. Under the terms of the Merger
Agreement, FBSH shareholders will receive 2.35 shares of FNLC for each FBSH
share owned. Instructions for the exchange of FBSH shares for FNLC shares will
be mailed FBSH shareholders.
The Company becomes the fourth largest bank headquartered in Maine, with 14
banking offices and four investment management offices serving coastal Maine
communities from Brunswick to Calais. At closing the Company had combined
assets of more than $860 million, with combined loans of more than $660 million
and combined deposits of nearly $560 million. In addition, the Company has more
than $290 million of investments under management.
First National Lincoln Corporation, headquartered in Damariscotta, Maine, is
the holding company for The First National Bank of Damariscotta. Founded in
1864, The First is an independent community bank serving Mid-Coast Maine with
seven offices in Lincoln and Knox Counties that provide consumer and commercial
banking products and services. Pemaquid Advisors, a division of The First,
provides investment advisory, private banking and trust services from three
offices in Lincoln and Cumberland Counties.
FNB Bankshares, headquartered in Bar Harbor, Maine, was the holding company for
The First National Bank of Bar Harbor. Founded in 1888, the Bank is committed
to servicing the needs of customers with seven offices in Hancock and
Washington Counties and also offers an array of services through the Internet.
The First National Bank of Bar Harbor is a Certified SBA Lender and provides a
complete range of deposit, loan and personal trust services.
Forward-looking and cautionary statements: except for the historical
information and discussions contained herein, statements contained in this
release may constitute "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements involve a
number of risks, uncertainties and other factors that could cause actual
results and events to differ materially, as discussed in the company's filings
with the Securities and Exchange Commission.
First National Lincoln Corporation has filed relevant documents concerning the
transaction with the Securities and Exchange Commission (SEC), including a
registration statement on Form S-4 containing a prospectus/proxy statement. WE
URGE INVESTORS TO READ THESE DOCUMENTS BECAUSE THEY CONTAIN IMPORTANT
INFORMATION ABOUT THE MERGER. Investors may obtain copies of these documents
free of charge at the SEC's website, www.sec.gov, or by contacting First
National Lincoln Corporation.
For more information, please contact F. Stephen Ward, First National Lincoln
Corporation's Treasurer & Chief Financial Officer, at 207.563.3195 ext. 5001.
6
2

text: First National Lincoln Corporation

text: FNB Bankshares

text: First National Lincoln Corporation

text: FNB Bankshares

text: First National Lincoln Corporation

text: Pemaquid Advisors

text: FNB Bankshares

text: First National Lincoln Corporation

text:
First
National Lincoln Corporation

text:
First National Lincoln
Corporation


text:
EX-99.1
4
tm2122780d1_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
News
Release
For
Immediate Release
Contact
:
July 22,
2021
Michael T. Prior
Chairman
and
Chief
Executive Officer
Justin
D. Benincasa
Chief
Financial Officer
978-619-1300
ATN International, Inc. Completes Acquisition
of Alaska Communications
Beverly, MA
-- ATN International, Inc. (NASDAQ: ATNI) ("ATN") announced today that it, along with its financial partner Freedom 3
Capital, LLC ("Freedom 3"), has completed its previously announced acquisition of Alaska Communications Systems Group, Inc.
("Alaska Communications") in an all-cash transaction valued at approximately $343 million, including outstanding net debt.
Under the terms of the merger agreement, each outstanding share of Alaska Communications' common stock was converted into the right
to receive $3.40 in cash. ATN will consolidate the results of Alaska Communications' operations in its "US Telecom" segment.
Michael Prior, Chairman
and Chief Executive Officer of ATN, stated, "We are pleased to report that we have completed this acquisition. The Alaska Communications
team's emphasis on customer satisfaction and their strategic investments in fiber-based enterprise and wholesale services have created
a great foundation for us to build upon. We intend to draw upon our operational resources and expertise as well as the capabilities of
our partners at Freedom 3 to take advantage of the opportunities we have identified together in the Alaska Communications markets".
Bill Bishop, President and Chief Executive Officer
of Alaska Communications, stated, "Our work with the ATN team already has demonstrated a shared strategy to enhance our fiber network
services, deliver superior customer care and drive new services for our customers in Alaska".
Further
information, including results for the second quarter and first half of 2021 for each of ATN and Alaska Communications will be
available when ATN releases its results, after market on Wednesday, July 28, 2021.
Advisors
The Bank Street Group LLC acted as exclusive
financial advisor and Morrison & Foerster LLP acted as legal advisor to ATN and F3C in connection with the transaction.
B. Riley Securities, Inc.
served as financial advisor and Sidley Austin LLP served as legal advisor to Alaska Communications in connection with the transaction.
About ATN
ATN International, Inc. (Nasdaq: ATNI),
headquartered in Beverly, Massachusetts, invests in and operates communications and technology businesses in the United
States and internationally, including the Caribbean region, with a particular focus on markets with a need for significant
infrastructure investments and improvements. Our operating subsidiaries today primarily provide: (i) advanced wireless and wireline
connectivity to residential and business customers, including a range of high speed internet services, mobile wireless solutions, video
services and local exchange services, and (ii) wholesale communications infrastructure services such as terrestrial and submarine
fiber optic transport, communications tower facilities, managed mobile networks, and in-building wireless systems. For more information,
please visit www.atni.com.
About Freedom 3 Capital
Freedom 3 Capital invests in companies at inflection
points. We help middle-market companies address strategic growth opportunities by delivering unique capital solutions. Our investment
process provides F3C the flexibility to tailor investment structures to the industry dynamics, the company's specific
requirements and the management team and owners' long-term business objectives. Beyond the value of our capital, we believe
our private equity approach to credit investing creates valuable, lasting partnerships with stakeholders and management teams. F3C
is currently investing out of Fund 4 with offices in New York and Kansas City.
About Alaska Communications
Alaska Communications
is the leading provider of advanced broadband and managed IT services for businesses and consumers in Alaska. Alaska Communications operates
a highly reliable, advanced statewide data network with the latest technology and the most diverse undersea fiber optic system connecting
Alaska to the contiguous U.S. For more information, visit www.alaskacommunications.com or www.alsk.com.
Forward-Looking
Statements
This press release
contains 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. The reader is cautioned not to rely on these forward-looking statements. These statements
are based on current expectations of future events and these include statements using the words such as will and expected, and similar
statements. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary
materially from our expectations. Risks and uncertainties include, but are not limited to, risks and uncertainties related to (i) our
ability to integrate the acquired business successfully and to achieve anticipated cost savings and other synergies; and (ii) the
possibility that other anticipated benefits of the transaction will not be realized, including without limitation, anticipated revenues,
expenses, earnings and other financial results. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing
factors and the other risks and uncertainties that affect the businesses of ATN described in the "Risk Factors" section of
ATN's Annual Report on Form 10-K for the year ended December 31, 2020, filed with the SEC on March 1, 2021 and other
reports and documents filed from time to time with the SEC. These filings identify and address other important risks and uncertainties
that could cause actual events and results to differ materially from those contained in the forward-looking statements. Copies of these
filings are available online at
ir.atni.com
. Forward-looking statements speak only as of the date they are made. Readers
are cautioned not to put undue reliance on forward-looking statements, and ATN assumes no obligation and does not intend to update or
revise these forward-looking statements, whether as a result of new information, future events, or otherwise. ATN does not give any assurance
that it will achieve its expectations.

text: Michael T. Prior

text:
Justin
D. Benincasa

text: ATN International, Inc.

text: Alaska Communications

text: ATN International, Inc.

text: Alaska Communications

text: Alaska Communications

text: Alaska Communications

text: Michael Prior

text: Alaska Communications

text: Alaska Communications

text: Bill Bishop

text: Alaska Communications

text: Alaska Communications

text: The Bank Street Group LLC

text: Morrison & Foerster LLP

text: B. Riley Securities, Inc.

text: Sidley Austin LLP

text: Alaska Communications

text: ATN International, Inc.

text: Alaska Communications

text: Alaska Communications

text: Alaska Communications


text:
EX-99.2
3
ex99-2.htm
PRESS RELEASE ANNOUNCING THE COMPLETION OF THE MERGER
ex99-2.htm
Exhibit 99.2
FOR IMMEDIATE RELEASE
Contact: Anne H. Lloyd
Executive Vice President and Chief
Financial Officer
(919) 783-4660
www.martinmarietta.com
Martin Marietta Materials Completes Texas Industries Acquisition
Transaction Creates Market Leading Supplier of Aggregates
and Heavy Building Materials
RALEIGH, NORTH CAROLINA- July 2, 2014 - Martin Marietta Materials, Inc. (NYSE: MLM) today announced that it has completed its acquisition of Texas Industries, Inc. (NYSE: TXI), creating a market leading supplier of aggregates and heavy building materials.
The transaction enhances Martin Marietta's position as an aggregates-led, low cost operator in the perennially largest and fastest growing geographies in the United States. With a leading U.S. aggregates position, the acquisition provides complementary, high quality assets in cement and ready mix concrete, augmented by the company's best-in-class long-haul transportation network. The transaction was overwhelmingly approved by shareholders of both companies at their respective special meetings on June 30, 2014.
Based on the closing price of Martin Marietta stock on July 1, 2014, the combined company has a market capitalization of approximately $8.8 billion.
Ward Nye, Martin Marietta's Chairman, President and Chief Executive Officer said,
"We are excited to move forward as one company that is even better positioned to deliver increased value to shareholders, customers and employees. Uniting our complementary assets and
leveraging our expanded geographic footprint provides Martin Marietta with an expanded platform for growth. In particular, Martin Marietta will benefit from greater exposure to the expanding cement markets in Texas and California - two of the largest and fastest growing markets for construction materials in the United States. I look forward to continuing to work closely with our team and all of our employees, including our new team members from TXI, to ensure a seamless transition as we continue to deliver superior product offerings and service to customers".
Martin Marietta is well-positioned for long-term growth, with a network of more than 400 facilities spanning 36 states,
Canada
, and the
Caribbean Islands
. The company is a leading aggregates producer, and the increased scale and geographic and product diversity resulting from the transaction provides a broader set of opportunities for growth. In addition, select vertical integration is expected to reduce distribution and transportation costs, diversify end-markets and drive other value enhancing efficiencies. The company has an outstanding asset base to deliver superior product offerings and service to customers.
1
Financial Benefits of the Transaction
Martin Marietta continues to expect that the combination will generate approximately $70 million of annual pre-tax synergies by calendar year 2017, which would correspond to more than $500 million of total value creation for shareholders. Integration of the acquired business is underway and proceeding as planned. The company anticipates the transition to its target operating model to be completed by the end of the year. The combination is expected to be both accretive to Martin Marietta's earnings per share in 2014, excluding one-time costs; and cash flow accretive in the first full year following integration.
In addition, Martin Marietta continues to expect to utilize Texas Industries' more than $400 million in existing NOLs over the next few years. The company also believes that there is an opportunity to realize incremental value from the expected divestiture of identified non-operating real estate assets.
Delisting of Texas Industries
As a result of the completion of the merger, the common stock of Texas Industries, Inc. is no longer listed for trading on the New York Stock Exchange.
Advisors
J.P. Morgan, Deutsche Bank and Barclays acted as Martin Marietta's financial advisors and Cravath, Swaine & Moore LLP acted as its legal advisor. Citigroup acted as Texas Industries' financial advisor, and Wachtell, Lipton, Rosen & Katz acted as its legal advisor.
About Martin Marietta Materials Inc.
Martin Marietta, an American company and a member of the S&P 500 index, is a leading supplier of aggregates and heavy building materials, with operations spanning 36 states, Canada and the Caribbean, and dedicated teams transforming more than 100 years of irreplaceable natural resources into the roads, sidewalks and foundations on which we live. Martin Marietta's Magnesia Specialties business provides a full range of magnesium oxide, magnesium hydroxide and dolomitic lime products. For more information, visit www.martinmarietta.com or www.magnesiaspeciliaties.com.
2
Cautionary Statements Regarding Forward-Looking Statements
Certain statements in this communication regarding the acquisition by Martin Marietta, benefits and synergies of the transaction, future opportunities for the combined company and products and any other statements regarding Martin Marietta's future expectations, beliefs, plans, objectives, financial conditions, assumptions or future events or performance that are not historical facts are "forward-looking" statements made within the meaning of Section 21E of the Securities Exchange Act of 1934. These statements are often, but not always, made through the use of words or phrases such as "may", "believe", "anticipate", "could", "should", "intend", "plan", "will", "expect(s)", "estimate(s)", "project(s)", "forecast(s)", "positioned", "strategy", "outlook" and similar expressions. All such forward-looking statements involve estimates and assumptions that are subject to risks, uncertainties and other factors that could cause actual results to differ materially from the results expressed in the statements. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking statements are the following: the possibility that Martin Marietta may be unable to achieve expected synergies and operating efficiencies in connection with the transaction within the expected time-frames or at all and to successfully integrate TXI's operations into those of Martin Marietta; the integration of TXI's operations into those of Martin Marietta being more difficult, time-consuming or costly than expected; operating costs, customer loss and business disruption (including, without limitation, difficulties in maintaining relationships with employees, customers, clients or suppliers) being greater than expected following the transaction; the retention of certain key employees of TXI being difficult; Martin Marietta's ability to adapt its services to changes in technology or the marketplace; Martin Marietta's ability to maintain and grow its relationship with its customers; levels of construction spending in the markets; a decline in the commercial component of the nonresidential construction market and the subsequent impact on construction activity; a slowdown in residential construction recovery; unfavorable weather conditions; a widespread decline in aggregates pricing; changes in the cost of raw materials, fuel and energy and the availability and cost of construction equipment in the United States; the timing and amount of federal, state and local transportation and infrastructure funding; the ability of states and/or other entities to finance approved projects either with tax revenues or alternative financing structures; and changes to and the impact of the laws, rules and regulations (including environmental laws, rules and regulations) that regulate Martin Marietta's operations. Additional information concerning these and other factors can be found in Martin Marietta's and TXI's filings with the Securities and Exchange Commission (the "SEC"), including Martin Marietta's and TXI's most recent Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. These risks, as well as other risks associated with Martin Marietta's acquisition of TXI are also more fully discussed in the joint proxy statement/prospectus included in the Form 424B3 that Martin Marietta filed with
3
the SEC on May 30, 2014 in connection with the acquisition. Martin Marietta assumes no obligation to update or revise publicly the information in this communication, whether as a result of new information, future events or otherwise, except as otherwise required by law. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof.
4

text: Martin Marietta Materials

text: Texas Industries

text: Martin Marietta Materials, Inc.

text: Texas Industries, Inc.

text: Texas Industries

text: Texas Industries

text: Texas Industries, Inc.

text: J.P. Morgan

text: Deutsche Bank

text: Barclays

text: Cravath, Swaine & Moore LLP

text: Citigroup

text: Texas Industries

text: Wachtell, Lipton, Rosen & Katz


text:
EX-99.1
3
ex991_pressreleasex41213.htm
EXHIBIT 99.1 PRESS RELEASE
Ex 99.1_Press Release_4.12.13
Exhibit 99.1
FOR IMMEDIATE RELEASE
FirstMerit Corporation
Analysts: Thomas O'Malley/Investor Relations Officer
Phone: 330.384.7109
Media Contact: Robert Townsend/Media Relations Officer
Phone: 330.384.7075
FirstMerit Completes Acquisition of Citizens Republic Bancorp
.
Transaction forms 6th largest bank headquartered in Midwest
.
FirstMerit footprint now spans five contiguous states
Akron, Ohio, April 12, 2013 - FirstMerit Corporation (Nasdaq: FMER) announced today that it has consummated its acquisition of Flint, Michigan-based Citizens' Republic Bancorp.
With pro-forma combined assets of $24.5 billion, the acquisition makes FirstMerit the sixth-largest bank headquartered in the Midwest. FirstMerit's footprint now extends through the contiguous states of Ohio, Michigan, Wisconsin, Illinois and Pennsylvania. The expanded company employs approximately 5,000 employees and offers customers more than 400 conveniently located branches and more than 440 ATM locations.
The transaction, the largest in FirstMerit's history, marks FirstMerit's entrance into Michigan and Wisconsin and expands its presence in Northeast Ohio. On Saturday, April 13, 2013, all former Citizens branches will reopen as FirstMerit locations. Full signage change will occur later this year.
"I am excited to welcome our new employees and clients to FirstMerit", said Paul G. Greig, chairman, president and CEO. "It will be business as usual for customers of all former Citizens branches as they become a part of FirstMerit. Customers will recognize the familiar faces from Citizens who will continue to take care of their banking needs".
"We are pleased to bring the FirstMerit brand to Michigan and Wisconsin and look forward to serving the needs of retail, business and wealth management clients in our communities across the Midwest", said Sandy Pierce, vice chairman of FirstMerit and chairman and CEO of FirstMerit Michigan. "Our proven value proposition and "you first" philosophy have kept us strong and profitable throughout the economic cycle and position us well to be the bank of choice with new and existing customers".
1
About FirstMerit
FirstMerit Corporation is a diversified financial services company headquartered in Akron, Ohio, with assets of approximately $24.5 billion as of close of business April 12, 2013, and 415 banking offices and 452 ATM locations in Ohio, Michigan, Wisconsin, Illinois and Pennsylvania. FirstMerit provides a complete range of banking and other financial services to consumers and businesses through its core operations. Principal affiliates include: FirstMerit Bank, N.A., FirstMerit Mortgage Corporation, FirstMerit Title Agency, Ltd., and FirstMerit Community Development Corporation.
###
2

text: FirstMerit Corporation

text: FirstMerit

text: Citizens Republic Bancorp

text: FirstMerit

text: FirstMerit Corporation

text: Citizens' Republic Bancorp

text: FirstMerit

text: FirstMerit

text: FirstMerit

text: FirstMerit

text: FirstMerit

text: FirstMerit

text: Paul G. Greig

text: FirstMerit

text: FirstMerit

text: FirstMerit

text: FirstMerit

text: FirstMerit

text: FirstMerit Corporation

text: FirstMerit

text: FirstMerit

text: FirstMerit

text: FirstMerit

text: FirstMerit


text:
EX-99.1 EXHIBITS
2
exh99bcsjan3106.txt
PRESS RELEASE
COMPANY CONTACT:
Checkpoint Systems, Inc.
Craig Burns, Executive Vice President,
Chief Financial Officer and Treasurer
(856) 848-1800
INVESTOR RELATIONS CONTACTS:
Christine Mohrmann, Jim Olecki
Financial Dynamics
(212) 850-5600
FOR IMMEDIATE RELEASE
CHECKPOINT SYSTEMS COMPLETES SALE OF BARCODE
SYSTEMS BUSINESSES TO SATO
Thorofare, New Jersey, January 30, 2006 - Checkpoint Systems, Inc. (NYSE: CKP),
announced today that it has completed the sale of its barcode systems (BCS)
businesses to SATO, a global leader in barcode printing, labeling, and EPC/RFID
solutions for total consideration of $37 million in cash, plus the assumption by
SATO of $5 million in liabilities. On December 22, 2005, the Company announced
that it had reached a definitive agreement with SATO to acquire Checkpoint's BCS
businesses around the world, as well as hand-held labeling solutions (HLS) in
the United States. The final purchase price is subject to certain post-close
adjustments relating to net operating assets.
William Blair & Company acted as financial advisor to Checkpoint in connection
with the transaction.
# # #
About SATO
SATO is a pioneer in the Automatic Identification and Data Collection (AIDC)
industry and the inventor of the world's first electronic thermal transfer
barcode printer. It revolutionized the barcoding industry by introducing the
Data Collection System (DCS) & Labeling concept - a total barcode and labeling
solution providing high quality barcode printers, scanners/hand-held terminals,
label design software and consumables. SATO is one of the first in the industry
to introduce a complete, multi-protocol EPC-compliant, UHF RFID solution.
SATO is publicly listed on the first section of Tokyo Stock Exchange in Japan.
It has worldwide offices in the United States, Belgium, France, Germany, United
Kingdom, Poland, Singapore, Malaysia, Thailand and China. For the fiscal year
ended March 31, 2005, it reported revenues of US$575 million. For more
information, contact SATO International at www.SATOworldwide.com.
About Checkpoint Systems
Checkpoint Systems, Inc. is a multinational manufacturer and marketer of
integrated systems solutions for retail security, labeling, and merchandising.
Checkpoint is a leading provider of EAS and RFID systems, source tagging,
hand-held labeling systems and retail merchandising systems. Applications
include automatic identification, retail security and pricing, and promotional
labels. Operating directly in 30 countries, Checkpoint has a global network of
subsidiaries and provides professional customer service and technical support
around the world. Checkpoint Systems, Inc.'s website is located at
www.checkpointsystems.com.
Safe Harbor Statement
This presentation may include information that constitutes forward-looking
statements made pursuant to the safe harbor provision of the Private Securities
Litigation Reform Act of 1995. Any such forward-looking statements may involve
risk and uncertainties that could cause actual results to differ materially from
any future results encompassed within the forward-looking statements. These
risks and uncertainties include, but are not limited to, the timing of the
closing of the sale of the barcode systems businesses, if such closing will
occur at all. Other factors that could cause or contribute to such differences
include those matters disclosed in the Company's Security and Exchange
Commission filings.
# # #

text: Checkpoint Systems, Inc.

text: CHECKPOINT SYSTEMS

text: SATO

text: Checkpoint Systems, Inc.

text: SATO

text: SATO

text: SATO

text: William Blair & Company

text: SATO

text: SATO

text: SATO

text: SATO

text: SATO

text: Checkpoint Systems

text: Checkpoint Systems, Inc.

text: Checkpoint Systems, Inc.


text:
EX-99.1
2
b75005ncexv99w1.htm
EX-99.1 PRESS RELEASE DATED APRIL 9, 2009
exv99w1
Exhibit 99.1
News Release
Nuance Closes Acquisition of Zi Corporation
BURLINGTON, Mass. and CALGARY, Alberta
-
April 9, 2009
- Nuance Communications, Inc. (NASDAQ: NUAN)
and Zi Corporation (NASDAQ: ZICA, TSX: ZIC) today announced that Nuance has closed the acquisition
of Zi. Zi's solutions for mobile search and text input complement Nuance's portfolio of intuitive
touch and speech interfaces that simplify and enhance the way people interact with mobile devices,
applications, and services.
"By incorporating Zi's text input technology into our mobile solutions portfolio, Nuance can better
serve our global OEM and mobile operators that demand robust language support, particularly in
Asia-Pacific markets", said Steve Chambers, president, Mobile-Enterprise & Consumer Services,
Nuance. "The Zi acquisition is also a key component of a broader Nuance strategy to give mobile
device manufacturers and operators the ability to deliver breakthroughs in device accessibility via
speech, predictive text and search, handwriting recognition, and powerful call-intercept
capabilities".
Under the terms of the agreement, Zi shareholders will receive US$0.34 in cash and approximately
.037 shares of Nuance common stock for each common share of Zi that they own. Effective at the
close of the markets today, trading in Zi common stock has ceased on NASDAQ and the Toronto Stock
Exchange (TSX).
About Zi Corporation
Zi Corporation is a provider of discovery and usability solutions for Mobile Search, Input and
Advertising. Zi Corporation's products offers innovative ways for mobile operators to showcase new
services and content to their subscribers, while encouraging users to get the most out of their
communication devices. Increased device usage can help mobile operators drive additional revenues
and lead to improved customer retention. For more information, please visit www.zicorp.com.
About Nuance Communications
Nuance (NASDAQ: NUAN) is a leading provider of speech, text and imaging solutions for businesses
and consumers around the world. Its technologies, applications and services make the user
experience more compelling by transforming the way people interact with information and how they
create, share and use documents. Every day, millions of users and thousands of businesses
experience Nuance's proven applications and professional services. For more information, please
visit www.nuance.com.
Nuance and the Nuance logo are trademarks or registered trademarks of Nuance Communications, Inc.
or its affiliates in the United States and/or other countries. All other company names or product
names may be the trademarks of their respective owners.
SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS
Statements in this document regarding the transaction between Nuance and Zi, benefits and synergies
of the transaction, future opportunities for the combined company, expectations regarding the value
and benefits of the transaction and the combined company's technology to stakeholders and
customers, and any other statements about Nuance or Zi managements' future expectations, beliefs,
goals, plans or prospects constitute forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995 and other applicable securities laws. Any statements that
are not statements of historical fact (including statements containing the words "believes,"
"plans", "anticipates", "expects", "estimates", and similar expressions) should also be considered
to be forward-looking statements. There are a number of important factors that could cause actual
results or events to differ materially from those indicated by such forward-looking statements,
including: the ability of Nuance to successfully integrate Zi's operations and employees; the
ability to realize anticipated synergies and cost savings; the failure to retain customers; general
economic conditions; performance of the market sectors that Nuance and Zi serve; and, the other
factors described in Nuance's Annual Report on Form 10-K for the year ended September 30, 2008 and
its most recent quarterly reports filed with the United States Securities and Exchange Commission
and Zi's filings with the Canadian provincial securities regulators. Each of Nuance and Zi
disclaims any intention or obligation to update any forward-looking statements as a result of
developments occurring after the date of this document.
Contacts:
For Investors and Press
For Press
Richard Mack
Rebecca Paquette
Nuance Communications, Inc.
Nuance Communications, Inc.
Tel: 781-565-5000
Tel: 781-565-5000
Email: richard.mack@nuance.com
Email: rebecca.paquette@nuance.com
Blair Mullin
Zi Corporation
Tel: 403-233-8875
Email: bmullin@zicorp.com
###

text: Nuance

text: Zi Corporation

text: Nuance

text: Zi Corporation

text: Nuance

text: Zi

text: Zi

text: Nuance

text: Zi

text: Nuance

text: Steve Chambers

text: Nuance

text: Zi

text: Nuance

text: Zi

text: Nuance

text: Zi

text: Zi

text: Zi Corporation

text: Zi Corporation

text: Zi Corporation

text: Nuance

text: Nuance

text: Nuance

text: Nuance

text: Nuance

text: Nuance

text: Nuance

text: Zi

text: Nuance

text: Zi

text: Nuance

text: Zi

text: Nuance

text: Zi

text: Nuance

text: Zi

text: Nuance

text: Zi

text: Nuance

text: Nuance

text: Zi Corporation


text:
EX-99.1
7
dp138036_ex9901.htm
EXHIBIT 99.1
Exhibit 99.1
October 2
, 2020
- FOR IMMEDIATE RELEASE
Morgan Stanley Closes Acquisition of E*TRADE
NEW
YORK & ARLINGTON
- Morgan Stanley (NYSE: MS) announced today that it has completed the acquisition of E*TRADE Financial
Corporation (E*TRADE) in an all-stock transaction. E*TRADE common stockholders are entitled to receive 1.0432 Morgan Stanley common
shares for each E*TRADE common share.
"The addition of E*TRADE
positions us as an industry leader in Wealth Management across all channels and segments, and significantly increases the
scale and breadth of our Wealth Management franchise, which now oversees $3.3 trillion in assets", said James P. Gorman,
Chairman and Chief Executive Officer of Morgan Stanley. "E*TRADE has built a best-in-class, direct-to-consumer digital
channel and a strong brand over the past 38 years. The addition of their premier offering will provide enhanced capabilities
to all our clients and Financial Advisors".
Michael Pizzi, CEO of E*TRADE, joins
Morgan Stanley and will lead E*TRADE's direct-to-consumer, digital self-directed business that will operate under the E*TRADE
brand, and will co-lead the equity administration business. He also joins the Morgan Stanley Operating and Management Committees.
In addition, today Shelley Leibowitz,
one of E*TRADE's independent directors, has joined the Morgan Stanley Board of Directors. "Ms. Leibowitz brings a wealth
of financial technology and management expertise. We welcome her to the Board and look forward to working with her", said
Ray Wilkins, Chair of the Board's Nominating and Governance Committee.
Morgan Stanley is a leading global financial
services firm providing investment banking, securities, wealth management and investment management services. With offices in more
than 41 countries, the Firm's employees serve clients worldwide including corporations, governments, institutions and individuals.
For further information about Morgan Stanley, please visit
www.morganstanley.com
.
This press release may contain forward-looking statements, including
the attainment of certain financial and other targets, objectives and goals. Readers are cautioned not to place undue reliance
on forward-looking statements, which speak only as of the date on which
they are made, which reflect management's
current estimates, projections, expectations, assumptions, interpretations or beliefs and which are subject to risks and uncertainties
that may cause actual results to differ materially. Morgan Stanley does not undertake any obligation to update any forward-looking
statements. For a discussion of risks and uncertainties that may affect the future results of the Firm, please see "Forward-Looking
Statements" immediately preceding Part I, Item 1, "Competition" and "Supervision and Regulation"
in Part I, Item 1, "Risk Factors" in Part I, Item 1A, "Legal Proceedings" in Part I, Item 3, "Management's
Discussion and Analysis of Financial Condition and Results of Operations" in Part II, Item 7 and "Quantitative and
Qualitative Disclosures about Market Risk" in Part II, Item 7A in the Firm's Annual Report on Form 10-K for the year
ended December 31, 2019 and other items throughout the Form 10-K, the Firm's Quarterly Reports on Form 10-Q and the Firm's
Current Reports on Form 8-K, including the Current Report filed with the SEC on April 16, 2020 and the additional risk factors
under "Risk Factors" in the Registration Statement on Form S-4 filed with the SEC on April 17, 2020, as amended.
# # #
Note
to Editors:
Shelley
B. Leibowitz
Shelley
B. Leibowitz was on the Board of Directors at E*TRADE from December 2014 to September 2020.
Ms.
Leibowitz is President of SL Advisory, a firm she founded in 2016 that focuses on technology strategy, digital transformation,
IT portfolio and risk management, information security, performance metrics, and governance. From 2009 through 2012, Ms. Leibowitz
served as Group Chief Information Officer for the World Bank, where she was responsible for the technology services and capabilities
that underlie the work of delivering quality knowledge and financing products to the Bank Group's clients across the globe.
Ms. Leibowitz managed the Bank Group's cybersecurity program and served as a member of the Bank Group's Pension Investment
Committee. Previously, Ms. Leibowitz held Chief Information Officer positions at Morgan Stanley, Greenwich Capital Markets and
Barclays Capital.
In
prior years, Ms. Leibowitz served on the board of Endgame, foremost provider of cybersecurity capabilities to the U.S. intelligence
and defense communities, acquired by Elastic NV in 2019, and on the board of Alliance Bernstein Holding LP, where she served on
the Audit and Risk Committee. Ms. Leibowitz is currently on the board of directors of Massachusetts Mutual Life Insurance Company,
where she serves on the Investment Committee and the Technology & Governance Committee. She is also a member of the Council
on Foreign Relations and on the Visiting Committee of the Center for Development Economics at Williams College. Ms. Leibowitz
is a Board Leadership Fellow at the National Association of Corporate Directors, where she is a frequent speaker and has achieved
Directorship Certification and the CERT Certificate in Cybersecurity Oversight.
Ms.
Leibowitz graduated Phi Beta Kappa from Williams College with a BA in Mathematics.
ETFC-G
Contacts
Morgan Stanley
Media Relations: Wesley McDade, 212.761.2430
Investor Relations: Sharon Yeshaya, 212.761.1632

text: Morgan Stanley

text: Morgan Stanley

text:
E*TRADE Financial
Corporation

text: Morgan Stanley

text: James P. Gorman

text: Morgan Stanley

text: Michael Pizzi

text: Morgan Stanley

text: Morgan Stanley

text: Morgan Stanley

text: Ray Wilkins

text: Morgan Stanley

text: Morgan Stanley

text: Morgan Stanley

text: Morgan Stanley

text: Morgan Stanley