text:
EX-99.1
3
ex99_1.htm
EXHIBIT 99.1
ex99_1.htm
Exhibit 99.1
CONTACT INFORMATION
Investor Relations
Contact:
Blair A. (Andy) Rieth, Jr., Vice President, Investor Relations
Phone:
812-931-2199
Email:
andy.rieth@hill-rom.com
Media
Contact:
Marylou McNally, Vice President, Corporate Communications
Phone:
312-819-7233
Email:
marylou.mcnally@hill-rom.com
Hill-Rom Acquires Aspen Surgical Products
BATESVILLE, Ind., July 25, 2012
-- Hill-Rom Holdings, Inc. (NYSE: HRC), a global leader in healthcare technologies, today announced it has completed the $400 million purchase of privately held Aspen Surgical Products. Aspen Surgical, based in Michigan, provides a portfolio of well-established surgical consumable and specialty medical products focused on improving the safety of patients and health care professionals. The product lines include market leading Bard-Parker
®
conventional and safety scalpels and blades, Colby fluid collection products, Richard-Allan™ specialty needles, a variety of other operating room disposables and instrument care products as well as wound care dressings. The acquisition of Aspen Surgical further develops Hill-Rom's surgical business, adding a portfolio of consumable products and expanding its position in North American and European surgical markets. The transaction is expected to be accretive approximately $0.02 to fiscal year 2012 earnings per share, excluding non-recurring purchase accounting items and other acquisition and integration related costs.
"With the addition of Aspen Surgical, Hill-Rom is well positioned for growth and geographic expansion in our surgical business, particularly in the safety product segments", said John J. Greisch, President and CEO of Hill-Rom. "This acquisition further expands our global portfolio beyond our core franchise with a business that is immediately accretive to earnings per share and adds recurring revenue to our existing surgical platform".
Aspen Surgical has annual revenue of approximately $120 million. The transaction was funded with a combination of cash and bank debt.
"Aspen Surgical and Hill-Rom share a similar mission to enhance outcomes with products that help ensure a safe environment in surgical and other health care settings", said Greg Pritchard, formerly CEO of Aspen Surgical and now Senior Vice President and President, Surgical and Respiratory Care at Hill-Rom. "We look forward to leveraging the valued Hill-Rom brand to expand Aspen Surgical's presence around the world".
- more -
Hill-Rom will discuss the acquisition during the company's Fiscal 2012 Third Quarter Earnings Conference Call tomorrow, Thursday, July 26 from 8:00 a.m. to 9:00 a.m. ET.
ABOUT HILL-ROM HOLDINGS, INC.
Hill-Rom is a leading worldwide manufacturer and provider of medical technologies and related services for the health care industry, including patient support systems, safe mobility and handling solutions, non-invasive therapeutic products for a variety of acute and chronic medical conditions, medical equipment rentals, surgical products and information technology solutions. Hill-Rom's comprehensive product and service offerings are used by health care providers across the health care continuum and around the world in hospitals, extended care facilities and home care settings to enhance the safety and quality of patient care.
Hill-Rom…
enhancing outcomes for patients and their caregivers
.
www.hill-rom.com
DISCLOSURE REGARDING FORWARD-LOOKING STATEMENTS
Certain statements herein contain forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, regarding the Company's future plans, objectives, beliefs, expectations, representations and projections. It is important to note that forward-looking statements are not guarantees of future performance, and the Company's actual results could differ materially from those set forth in any forward-looking statements. For a more in depth discussion of factors that could cause actual results to differ from those contained in forward-looking statements, see the discussions under the heading "Risk Factors" in the Company's previously filed most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. The Company assumes no obligation to update or revise any forward-looking statements.
###

text: Hill-Rom

text: Aspen Surgical Products

text: Hill-Rom Holdings, Inc.

text: Surgical Products

text: Hill

text: Hill-Rom

text: John J. Greisch

text: Hill-Rom.

text: Hill-Rom

text: Hill-Rom.

text: Hill-Rom

text: Hill-Rom

text: HILL-ROM HOLDINGS, INC.

text: Hill-Rom

text: Hill-Rom

text: Hill-Rom


dataset: buster

text:
EX-99.1
2
exhibit_991xmarcellusxpres.htm
MARCELLUS PRESS RELEASE
Exhibit_ 99.1_Marcellus_Press_Release
Exhibit 99.1
News Release
FOR IMMEDIATE RELEASE
DECEMBER 22, 2014
CHESAPEAKE ENERGY CORPORATION CLOSES SOUTHERN MARCELLUS
AND UTICA SHALE SALE; ANNOUNCES $1 BILLION COMMON STOCK REPURCHASE AUTHORIZATION
OKLAHOMA CITY, DECEMBER 22, 2014 - Chesapeake Energy Corporation (NYSE:CHK) today announced the closing of its asset sale to Southwestern Energy Company (NYSE:SWN) and initiatives to further enhance shareholder value.
Chesapeake closed the previously announced sale of its assets in the Southern Marcellus Shale and a portion of the Eastern Utica Shale to Southwestern for net proceeds of $4.975 billion. The $400 million adjustment to the previously reported $5.375 billion sale price is attributable to a settlement for various items, including Southwestern's waiver of any future claims related to title defects and environmental liabilities. The properties sold to Southwestern consist of approximately 413,000 net acres and approximately 1,500 wells located in northern West Virginia and southern Pennsylvania, along with related property, plant and equipment. Net production of the divested properties in mid-December was approximately 57,000 barrels of oil equivalent (boe) per day. This represents approximately 7% of a new company record for total production that was achieved last week of 770,000 boe per day.
Doug Lawler, Chesapeake's Chief Executive Officer, commented, "This transaction marks another significant event in Chesapeake's transformation and solidifies our strong financial position. With the closing of this transaction and the available borrowing capacity under our unsecured revolving credit facility, Chesapeake now has a liquidity position of approximately $9 billion, putting Chesapeake in an advantageous position to enhance shareholder value in this volatile commodity price market. Consistent with our financial strength and our focus on enhancing shareholder value, Chesapeake's Board of Directors has authorized a $1 billion common stock repurchase program. Further, building on our outstanding operational momentum of 2014, we will be focused on additional strategic growth opportunities to enhance our asset portfolio and continue to improve our ability to deliver top quartile growth metrics and shareholder returns".
INVESTOR CONTACT:
MEDIA CONTACT:
CHESAPEAKE ENERGY CORPORATION
Brad Sylvester, CFA
(405) 935-8859
ir@chk.com
Gordon Pennoyer
(405) 935-8878 media@chk.com
6100 North Western Avenue
P.O. Box 18496
Oklahoma City, OK 73154
Chesapeake Energy Corporation (NYSE:CHK) is the second-largest producer of natural gas and the 11th largest producer of oil and natural gas liquids in the U.S. Headquartered in Oklahoma City, the company's operations are focused on discovering and developing its large and geographically diverse resource base of unconventional natural gas and oil assets onshore in the U.S. The company also owns substantial marketing and compression businesses. Further information is available at www.chk.com where Chesapeake routinely posts announcements, updates, events, investor information, presentations and news releases.
This news release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are statements other than statements of historical fact that give our current expectations or forecasts of future events. They include, but are not limited to, the effect of the asset sale and use of proceeds, the common stock repurchase program and other strategic growth alternatives on the Company's efforts to enhance current and long-term shareholder value, deliver top quartile growth metrics and shareholder returns. The company's ability to execute on the stock repurchase program depends upon many factors, including the price of the common stock, the availability of other alternatives and market conditions. Although we believe the expectations and forecasts reflected in the forward-looking statements are reasonable, we can give no assurance they will prove to have been correct. They can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. Chesapeake does not intend to update any forward looking statements. Factors that could cause actual results to differ materially from expected results include those described under "Risk Factors" in Item 1A of our 2013 Annual Report on Form 10-K, as filed with the U.S. Securities and Exchange Commission on February 27, 2014. These risk factors include: the volatility of natural gas, oil and NGL prices; the limitations our level of indebtedness may have on our financial flexibility; declines in the prices of natural gas and oil potentially resulting in a write-down of our asset carrying values; the availability of capital on an economic basis, including through planned asset sales, to fund reserve replacement costs; our ability to replace reserves and sustain production; uncertainties inherent in estimating quantities of natural gas, oil and NGL reserves and projecting future rates of production and the amount and timing of development expenditures; our ability to generate profits or achieve targeted results in drilling and well operations; leasehold terms expiring before production can be established; hedging activities resulting in lower prices realized on natural gas, oil and NGL sales; the need to secure hedging liabilities and the inability of hedging counterparties to satisfy their obligations; drilling and operating risks, including potential environmental liabilities; legislative and regulatory changes adversely affecting our industry and our business, including initiatives related to hydraulic fracturing, air emissions and endangered species; a deterioration in general economic, business or industry conditions having a material adverse effect on our results of operations, liquidity and financial condition; oilfield services shortages, gathering system and transportation capacity constraints and various transportation interruptions that could adversely affect our revenues and cash flow; adverse developments and losses in connection with pending or future litigation and regulatory investigations; cyber-attacks adversely impacting our operations; and an interruption at our headquarters that adversely affects our business.
2

label: organization

text: CHESAPEAKE ENERGY CORPORATION

text: Chesapeake Energy Corporation

text: Southwestern Energy Company

text: Chesapeake

text: Southwestern

text: Southwestern

text: Southwestern

text: Chesapeake

text: Chesapeake

text: Chesapeake

text: Chesapeake

text: Chesapeake

text: CHESAPEAKE ENERGY CORPORATION

text: Chesapeake Energy Corporation

text: Chesapeake

text: Chesapeake

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
6
deepdown_8ka2-ex9901.htm
PRESS RELEASE
deepdown_8k1-ex9901.htm
EXHIBIT 99.1
NEWS
RELEASE
June 5,
2008
OTC
BB: DPDW
DEEP
DOWN SELLS $40 MILLION OF COMMON STOCK
CHANNELVIEW,
TX - June 5, 2008 - Deep Down, Inc. (OTCBB: DPDW) announced today that it has
closed a $40 million private placement of common stock to institutional and
accredited investors. Deep Down sold 57,142,857 shares of its Common
Stock at a price of $0.70 per share. As part of this transaction,
Deep Down will file a registration statement covering the resale of the shares
of Common Stock acquired in this offering. Dahlman Rose &
Company, LLC acted as exclusive placement agent for the financing.
Deep Down
used $22.0 million of the net proceeds to complete the previously announced
acquisition of Flotation Technologies, which closed today. Flotation
recently introduced its patent pending CoreTec (TM) drilling riser buoyancy
modules, which Deep Down believes can become the industry standard for ultra
deepwater applications. Deep Down will use approximately $12.5
million of the net proceeds to repay a $12 million mezzanine facility that was
provided by Prospect Capital Corporation. This mezzanine facility has
a 15.5% annual interest rate. The Company will use the remaining net
proceeds for working capital and general corporate purposes.
"We are
extremely pleased by the vote of confidence conveyed by the professional
investors who are participating in this private placement. The
ability to raise $40 million with these sophisticated investors validates the
business plan and strategy we have developed", commented Ronald E. Smith, Deep
Down's President and CEO. "Repayment of the mezzanine facility will
give us an essentially debt-free balance sheet and save us over $2.0 million per
year in interest and other related costs", added Eugene L. Butler, Deep Down's
CFO. "As evidenced by the recent $9 million letter of intent from
Delba International to supply and install the deepwater marine drilling riser
flotation system for the new-build Delba III semisubmersible drilling rig, we
are already experiencing significantly positive developments from our planned
ownership of Flotation Technologies", concluded Robert E. Chamberlain, Jr., Deep
Down's Chairman.
About Deep Down,
Inc.
Deep Down
specializes in the provision of innovative solutions, installation management,
engineering services, support services, custom fabrication and storage
management services for the offshore subsea control, umbilical, and pipeline
industries. The company fabricates component parts of subsea distribution
systems and assemblies that specialize in the development of subsea fields and
tie backs. These items include umbilicals, flow lines, distribution systems,
pipeline terminations, controls, winches, and launch and retrieval systems,
among others. Deep Down provides these services from the initial field
conception phase, through manufacturing, site integration testing, installation,
topside connections, and the final commissioning of a project.
The
Company's Flotation Technologies subsidiary is a recognized leader in the design
and manufacture of deepwater buoyancy systems, specializing in Flotec™ syntactic
foam and polyurethane elastomer products. With extensive engineering, design,
fabrication, and analysis capabilities, Flotation Technologies provides quick
turnaround, cost-effective buoyancy and elastomer products to the worldwide
oceanographic, offshore energy, seismic, and military markets.
Page
1
The
Company's Mako subsidiary serves the growing offshore petroleum and marine
industries with technical support services, and products vital to offshore
petroleum production, through rentals of its remotely operated vehicles (ROV),
topside and subsea equipment, and diving support systems used in diving
operations, maintenance and repair operations, offshore construction, and
environmental/marine surveys.
The
Company's ElectroWave subsidiary offers products and services in the fields of
electronic monitoring and control systems for the energy, military, and
commercial business sectors. ElectroWave designs, manufactures, installs, and
commissions integrated PLC and SCADA based instrumentation and control systems,
including ballast control and monitoring, drilling instrumentation, vessel
management systems, marine advisory systems, machinery plant control and
monitoring systems, and closed circuit television systems.
The
Company's strategy is to become a leading provider of products and services to
the offshore industry, including shallow, deep and ultra-deep water applications
in oil and gas exploration, development and production activities and maritime
operations. Management plans to achieve this strategy through organic
growth and strategic acquisitions of complementary businesses with technological
advantages in deepwater environments. Deep Down's customers include
Acergy, Aker Kvaerner, Amerada Hess, Anadarko Petroleum Corporation, BHP, BP
Petroleum, Cabett, Cooper Cameron, Chevron Corporation, Dril-Quip, Inc., Devon
Energy Corporation, Diamond Offshore, Duco, Exxon Mobil Corporation, Helix, JDR,
Kerr-McGee Corporation, Marinette Marine Corporation, Marathon Oil Corporation,
Nexans, Inc., Noble Energy Inc., Oceaneering International, Inc., Oil States,
Petrobras, Royal Dutch Shell, Statoil, Subsea 7, Inc., Technip, Transocean
Offshore, Veolia Environmental Services and Wellstream International, among
others. For further company information, please visit
www.deepdowninc.com
,
,and
www.flotec.com
,
www.makotechnologies.com
and
www.electrowaveusa.com
.
For Further
Information
Steven
Haag, Investor Relations
ir@deepdowninc.com
281-862-2201
(O)
281-862-2522
(F)
This
release may contain forward-looking statements, which are included in accordance
with the "safe harbor" provisions of the Private Securities Litigation Reform
Act of 1995, and accordingly, the cautionary statements contained in Deep Down's
Annual Report on Form 10-KSB for the year ended Dec. 31, 2007 and Quarterly
Report on Form 10-QSB for the quarter ended March 31, 2008, and other filings
with the Securities and Exchange Commission are incorporated herein by
reference.
These
factors include, but are not limited to: the offshore oil and gas industry is a
historically cyclical industry with levels of activity that are significantly
affected by the levels and volatility of oil and gas prices; numerous operating
hazards that may not be covered by insurance; occurrence of an event
not fully covered by insurance; losses on fixed-price contracts; failure
to develop new products; Loss of our key management or other
personnel; failure to integrate business that we acquire; risks relating to
international operations; operating hazards and risks relating to offshore
oilfield operations; Laws and government regulations; Environmental laws and
regulations and failure to comply with such laws and regulations; Provisions in
our corporate documents and Nevada law could delay or prevent a change in
control of our Company; We may be unable to successfully compete with other
manufacturers of drilling and production equipment; The loss of a significant
customer could have an adverse impact on our financial results; Our customers'
industries are undergoing continuing consolidation; Increases in the cost of raw
materials and energy used in our manufacturing processes; Future capital needs;
We depend on third party suppliers for timely delivery of raw materials and
supplies; risks relating to protecting our intellectual property; risks relating
to infringing on the intellectual property rights of third parties; Limitation
on remedies, indemnification. One of our most important responsibilities is to
communicate with shareholders in an open and direct manner. Comments are based
on current management expectations, and are considered "forward-looking
statements", generally preceded by words such as "plans", "expects", "believes,"
"anticipates", or "intends." We cannot promise future returns. Our statements
reflect our best judgment at the time they are issued, and actual results and
performance in future periods may be materially different from any future
results or performance suggested by the forward-looking statements in this
release. Deep Down expressly disclaims any obligation to update or revise any
forward-looking statements found herein to reflect any changes in its
expectations of results or any change in events.
Page
2

text:
DEEP
DOWN

text: Deep Down, Inc.

text: Deep Down

text: Deep Down

text: Deep Down

text: Flotation Technologies

text: Deep Down

text: Deep Down

text:
Deep
Down

text: Deep Down

text: Flotation Technologies

text:
Deep
Down

text:
Deep Down,
Inc.

text: Deep Down

text: Deep Down

text: Flotation Technologies

text: Flotation Technologies

text: Deep Down

text: Deep Down

text: Deep Down


text:
EX-99
3
exh99_1.txt
PRESS RELEASE
Exhibit 99.1
SYMS CORP CONSUMMATES ITS ACQUISITION OF THE
ASSETS OF FILENE'S BASEMENT, INC.
Secaucus, New Jersey, June 18, 2009 - Syms Corp (NASDAQ:SYMS), a leading
off-price retailer, announced today that following the receipt of Bankruptcy
Court approval, Syms consummated its previously announced acquisition of
substantially all of the assets of Filene's Basement in Filene's Chapter 11
bankruptcy proceedings.
Under its asset purchase agreement with Filene's Basement, Syms, through a
wholly-owned subsidiary, acquired the vast majority of the current operating
Filene's Basement store leases, store fixtures and inventory and is focused on
maintaining the Filene's Basement name and tradition. The total consideration to
Filene's Basement amounted to approximately $65 million plus certain additional
costs of Filene's Basement that were assumed by Syms.
Vornado Realty Trust (NYSE: VNO) provided a portion of the funding for this
transaction. A joint venture (unrelated to Syms) 50% owned by Vornado paid
approximately $16.8 million to terminate the venture's existing Downtown
Crossing lease with Filene's Basement in Boston. Further, Vornado funded
approximately $8.2 million in connection with Syms agreeing to amend Vornado's
lease assumed by Syms at 4 Union Square South in Manhattan to provide, among
other things, for a minimum $1.5 million increase in annual rent. The lease
between Vornado and Filene's Basement at Vornado's Bergen Town Center in
Paramus, New Jersey was also assumed by Syms.
Marcy Syms, President and Chief Executive Officer of Syms Corp, stated: "This is
an excellent strategic opportunity for Syms. Syms has been in business for 50
years, and Filene's Basement for 100 years. Our businesses are highly
complementary. We have long respected Filene's Basement as a worthy competitor
and have the utmost respect for the institution and its traditions, brand and
incredible customer loyalty. We are confident that leveraging Filene's assets
with Syms' infrastructure will provide for a stable and profitable business and
will position Filene's for renewed growth. This is a win for Educated Consumers,
a win for Syms, a win for the vast majority of Filene's employees who will be
offered employment by a Syms subsidiary, and a win for the economy. We are
pleased to welcome a wonderful management team and loyal employee base into the
Syms family".
Filene's Basement filed for Chapter 11 bankruptcy protection on May 4, 2009. The
sale of Filene's assets was effected pursuant to Section 363 of the Bankruptcy
Code.
Stifel, Nicolaus & Company, Incorporated served as investment banker to Syms and
Lowenstein Sandler PC served as counsel to Syms in connection with the
transaction. Fried, Frank, Harris, Shriver & Jacobson LLP served as counsel to
Vornado in connection with this transaction.
In addition to the stores previously operated by Filene's Basement, Syms Corp
currently operates a chain of thirty-two "off-price" apparel stores located
throughout the Northeastern and Middle Atlantic regions and in the Midwest,
Southeast and Southwest. Each Syms store offers a broad range of first quality,
in-season merchandise bearing nationally recognized designer and brand-name
labels.
Forward-Looking Statements
Certain information in this press release includes forward-looking statements
(as such term is defined in the Private Securities Litigation Reform Act of
1995) and information relating to Syms Corp and its subsidiaries that are based
on the beliefs of Syms' management, as well as assumptions made by and
information currently available to Syms' management. When used in this press
release, the words "anticipate", "believe", "estimate", "expect", "intend",
"plan" and similar expressions as they relate to Syms Corp and its subsidiaries,
identify forward-looking statements. Such statements reflect the current views
of Syms Corp with respect to future events, the outcome of which is subject to
certain risks, including, among others, general economic and market conditions,
decreased consumer demand for Syms' and Filene's Basement's products, possible
disruptions in Syms' computer or telephone systems, possible work stoppages or
increase in labor costs, effects of competition, the impact of integrating
Filene's Basement's business and Syms Corp's existing business, possible
disruptions or delays in the opening of new stores or inability to obtain
suitable sites for new stores, higher than anticipated store closings or
relocation costs, higher interest rates and borrowing costs, unanticipated
increases in merchandise or occupancy costs, and other factors which may be
outside control of Syms Corp. Should one or more of these risks or uncertainties
materialize, or should underlying assumptions prove incorrect, actual results or
outcomes may vary materially from those described herein as anticipated,
believed, estimated, expected, intended or planned. Subsequent written and oral
forward-looking statements attributable to Syms Corp or persons acting on its
behalf are expressly qualified in their entirety by the cautionary statements in
this paragraph.

text: SYMS CORP

text: FILENE'S BASEMENT, INC.

text: Syms Corp

label: person

text: Marcy Syms

text: Syms Corp

text: Lowenstein Sandler PC

text: Syms Corp

text: Syms Corp

text: Syms Corp

text: Syms Corp

text: Syms Corp

text: Syms Corp

text: Syms Corp


text:
EX-99.1
2
ram8kex991-22008.htm
For Immediate Release
For Further Information Contact:
Wednesday, February 20, 2008
Robert E. Phaneuf
Vice President - Corporate Development
(918) 632-0680
RAM ENERGY RESOURCES RETIRES SENIOR NOTES
Tulsa, Oklahoma - RAM Energy Resources, Inc. (Nasdaq: RAME) announced today that on February 15, 2008, the Company retired all of the remaining outstanding 11.5% Senior Notes of its wholly owned subsidiary, RAM Energy, Inc. by payment of the aggregate principal balance of $28.4 million plus accrued interest. The publicly-held notes were part of a $115 million issue by RAM Energy, Inc., in February 1998.
In conjunction with its acquisition of Ascent Energy Inc, RAM's lenders increased the company's senior secured credit facility to $500 million from the previous $375 million. At year-end 2007, RAM had outstanding borrowings under its increased credit facility of $306 million, and $28.4 million outstanding under its 11.5% Senior Notes. RAM utilized availability under its credit facility to retire the senior notes.
The recent reduction in LIBOR rates positively impacts the company's LIBOR-based borrowings under its senior secured credit facility. Assuming the continued availability of current rates as a basis for calculating interest charges on the amount currently outstanding under RAM's credit facility, including the recent advance to retire the 11.5% Senior Notes, RAM anticipates an interest savings of more than $800,000 per month during the remainder of 2008 as compared with interest charges that would have accrued on the same principal amount under rates in effect at the close of the Ascent Energy acquisition in November 2007.
Forward-Looking Statements
This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts that address estimates of borrowing availability, estimated and anticipated interest cost savings based on lower LIBOR rates and events or developments that the company expects or believes are forward-looking statements. Although the company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include oil and
gas prices, exploitation and exploration successes, actions taken and to be taken by the government as a result of political and economic conditions, continued availability of capital and financing, and general economic, market or business conditions as well as other risk factors described from time to time in the company's filings with the SEC. The company assumes no obligation to update publicly such forward-looking statements, whether as a result of new information, future events or otherwise.
RAM Energy Resources, Inc. is an independent energy company engaged in the acquisition, exploitation, exploration, and development of oil and gas properties and the marketing of crude oil and natural gas. Company headquarters are in Tulsa, Oklahoma, and its common shares are traded on the Nasdaq under the symbol RAME. For additional information, visit the company website at www.ramenergy.com.

text: Robert E. Phaneuf

text: RAM ENERGY

text: RAM Energy Resources, Inc.

text: RAM Energy, Inc.

text: RAM Energy, Inc.

text: Ascent Energy Inc

text: RAM Energy Resources, Inc.


text:
EX-99.2
18
newulm080068_ex99-2.htm
PRESS RELEASE DATED JANUARY 4, 2008
NEW ULM TELECOM, INC. EXHIBIT 99.2 TO FORM 8-K DATED DECEMBER 31, 2007
Exhibit 99.2
FOR RELEASE: Immediate
FROM: New Ulm Telecom, Inc.
27 North Minnesota
New Ulm, Minnesota 56073
Phone 507-354-4111
New Ulm Telecom, Inc.
Contact: Bill Otis, President and CEO
507-354-4111
E-mail: billotis@nu-telcom.net
New Ulm Telecom, Inc. Completes
Acquisition of Hutchinson Telephone Company
January 4, 2008
New Ulm Telecom, Inc. ("New Ulm") announced today that
it has completed its acquisition of Hutchinson Telephone Company ("HTC") for
approximately $78 million. HTC will
continue to operate as a subsidiary of New Ulm. The acquisition has resulted in a combined company that provides
phone, video and internet services with over 50,000 connections in a number of
Minnesota and Iowa communities. New Ulm
funded the purchase from its cash resources and borrowings from Co-Bank, ACB.
"New Ulm is excited about the acquisition of
Hutchinson Telephone Company into a new combined company", said Bill Otis,
President and CEO of New Ulm. "New Ulm
and HTC are both well-established companies with 100-year histories in South
Central Minnesota. Each company also
has a strong commitment to its community.
We believe the strategic combination of these two companies will enable
us to take advantage of developing industry technologies and continue our
commitment to provide excellent customer service in our communities".
The new combined Company owns and operates incumbent
local exchange carriers (ILECs) and a competitive local exchange carrier (CLEC)
that provide, own and operate phone, video and internet services in a number of
Minnesota and Iowa communities. The
Company also sells and services cellular phones and accessories, customer
premise equipment and provides transport operations. New Ulm also holds a 25.18% investment in FiberComm, LC, a CLEC
based in Sioux City, Iowa, and holds a 33.33% ownership interest in Hector
Communications Corporation, which provides phone, video and internet services
to a number of communities in Minnesota and Wisconsin. Further, the Company has equity interests in
several joint ventures that provide communications services to communities in
Minnesota.
Advisors
Williams & Company Communications, Inc. acted as
special financial advisor and Lindquist & Vennum, P.L.L.P. acted as legal
counsel to New Ulm in connection with the transaction.
Stifel, Nicolaus & Company, Incorporated acted as
financial advisor and Leonard, Street and Deinard, Professional Association
acted as legal counsel to HTC in the transaction.
Forward-Looking Statements
Statements about New Ulm's future prospects are forward-looking and,
therefore, involve certain risks and uncertainties. These and other risk factors are discussed in New Ulm's Report on
Form 10-K for the year ended December 31, 2006 and from time to time in its
other filings with the Securities and Exchange Commission. In addition to these factors,
forward-looking statements in this press release are subject to the ability of
New Ulm to operate the combined company in a profitable manner after the
merger.

text: NEW ULM TELECOM, INC.

text: New Ulm Telecom, Inc.

text: New Ulm Telecom, Inc.

text: Bill Otis

text: New Ulm Telecom, Inc.

text: Hutchinson Telephone Company

text: New Ulm Telecom, Inc.

text: Hutchinson Telephone Company

text: Hutchinson Telephone Company

text: Bill Otis

text: Williams & Company Communications, Inc.

text: Lindquist & Vennum, P.L.L.P.

text: Leonard, Street and Deinard


text:
EX-99.1
8
v043846_ex99-1.htm
a21
Acquires ArtSelect - Leading Infrastructure Provider for Wall Decor and Fine
Art
Tuesday
May 16, 9:43 am ET
Acquisition
Will Increase Revenue by Approximately 100%
JACKSONVILLE,
Fla.
-
(BUSINESS
WIRE)
-
May 16,
2006 -
a21, Inc. ("a21") (OTCBB: ATWO
-
News),
a
leading online digital content marketplace for creative professionals, today
announced it has acquired ArtSelect, Inc. ("ArtSelect"), an Iowa based provider
of online technology and fulfillment infrastructure for retailers in the custom
framed Art and Wall Decor market. a21 paid $4.5 million in cash, $2.35 million
in three year 6% interest only notes, $3.15 million in a21 Series A Convertible
Preferred shares (with a conversion floor of $0.75 per a21 common share), and
a
four year warrant to purchase 750,000 a21 common shares at $1.00 per share.
ArtSelect earned revenue of approximately $12 million in 2005.
ArtSelect
(www.artselect.com),
founded in 1998, provides private label online technology and fulfillment
infrastructure to catalogers, retailers and distributors to allow them to offer
custom framed art to their end-customers through its unique online custom frame
shop. With its proprietary technology platform and current collection of over
30,000 image selections, ArtSelect provides its retail partners with an
efficient and effective web-based retail solution for their end-customers.
ArtSelect addresses the highly fragmented $35 billion Art and Wall Decor market
in which over 50% of households purchased products last year. Its operations
and
approximately 65 employees are based in Fairfield, Iowa, and its products are
sold primarily through catalogers, retailers and distributors for which it
sets
up turn-key private label customized websites.
"We
believe ArtSelect has built a unique business model which is not currently
available in the Art and Wall Decor market. We plan to leverage their model
with
our ever increasing base of over one million images from our SuperStock and
Ingram subsidiaries, and especially those selections from our Fine Art and
Vintage collections", said Thomas V. Butta, a21 Vice-Chairman and President.
"In
addition, we believe ArtSelect's outstanding management team will work well
with
our team at a21 to enhance our ability to capitalize on this expanding market".
Jerry
Oliver, Vice President and General Manager of ArtSelect, added, "We are truly
excited about the deal with a21. Their extensive content archive and experienced
management team should provide immediate benefit to ArtSelect. We believe that
ArtSelect's core infrastructure strengths and extensive client base will create
strong cross-selling opportunities for a21's images. In addition, a21 has a
solid board and investor group, which we think provide an excellent platform
for
support and future growth".
About
a21
a21
(www.a21group.com)
is a
leading online digital content marketplace for the professional creative
community. Through SuperStock (www.superstock.com;
www.superstock.co.uk
and
www.purestockx.com),
Ingram
Publishing (www.ingrampublishing.com),
and
ArtSelect (www.artselect.com) a21 delivers high quality images and exceptional
customer service. a21 and its companies, with offices in New York, Florida,
Iowa, and the United Kingdom, provide a valuable and viable choice to
photographers, artists, photography agencies and other customers in the stock
image, art and wall decor industries.
The
statements contained in this press release contain certain forward-looking
statements, including statements regarding a21, Inc.'s expectations, intentions,
strategies and beliefs regarding the future. All statements contained herein
are
based upon information available to a21, Inc.'s management as of the date hereof
and actual results may vary based upon future events, both within and without
the control of a21, Inc.'s management.
Contact:
Investor
Relations:
CEOcast
Dennis
Early, 212-732-4300
dearly@ceocast.com
2

text: ArtSelect

text: a21, Inc.

text: ArtSelect, Inc.

text: ArtSelect

text: ArtSelect

text: ArtSelect

text: ArtSelect

text: ArtSelect

text: ArtSelect

text: ArtSelect

text:
Jerry
Oliver

text: ArtSelect

text: ArtSelect

text: ArtSelect

text: ArtSelect

text: a21, Inc.

text: a21, Inc.

text: a21, Inc.


text:
EX-99
2
abinpr.txt
PRESS RELEASE
NEWS RELEASE
CONTACT:
Robert R. Friedl
Vice President - Finance and Chief Financial Officer
Columbus McKinnon Corporation
716-689-5479
COLUMBUS MCKINNON ANNOUNCES SALE OF VIRGINIA PROPERTY
AMHERST, N.Y., March 31, 2005 -- Columbus McKinnon Corporation (Nasdaq: CMCO), a
leading designer and manufacturer of material handling products, today announced
it completed the sale of a 6.6 acre property that included a 112,000 square foot
manufacturing and warehouse facility in Abingdon, Virginia for $0.6 million in
cash. The favorable effect to net income in the fourth quarter of fiscal 2005
which ends March 31, 2005 is expected to be $0.2 million, or approximately $0.01
per diluted share.
The building was available for sale as a result of Columbus McKinnon's facility
rationalization and lean manufacturing initiatives. It had previously been used
as a manufacturing and warehouse site for Columbus McKinnon's Virginia Hoist
operations, which were consolidated in 2004 into its existing plant in nearby
Damascus, Virginia.
Also, during the fiscal 2005 fourth quarter, the Company completed the sale of
two other properties and these sales were previously announced. The total
favorable net income effect in the fourth quarter of fiscal 2005 as a result of
the gains made on the three property sales during the quarter is expected to be
$3.9 million, or $0.26 per share. Total cash proceeds received from the sale of
the three properties were $6.9 million. The Company is focused on de-levering
its balance sheet and intends to use these proceeds to reduce debt.
ABOUT COLUMBUS MCKINNON
-----------------------
Columbus McKinnon is a leading worldwide designer and manufacturer of material
handling products, systems and services, which efficiently and ergonomically
move, lift, position or secure material. Key products include hoists, cranes,
chain and forged attachments. The Company is focused on commercial and
industrial applications that require the safety and quality provided by its
superior design and engineering know-how. Comprehensive information on Columbus
McKinnon is available on its web site at HTTP://WWW.CMWORKS.COM.
SAFE HARBOR STATEMENT
This press release contains "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995. Such statements include,
but are not limited to, statements concerning future revenue and earnings, and
involve known and unknown risks, uncertainties and other factors that could
cause the actual results of the Company to differ materially from the results
expressed or implied by such statements, including changes in accounting
regulations and other factors disclosed in the Company's periodic reports filed
with the Securities and Exchange Commission. The Company assumes no obligation
to update the forward-looking information contained in this release.
###

text: Robert R. Friedl

text: Columbus McKinnon Corporation

text: COLUMBUS MCKINNON

text: Columbus McKinnon Corporation

text: Columbus McKinnon

text: Columbus McKinnon

text: COLUMBUS MCKINNON

text: Columbus McKinnon

text:
Columbus
McKinnon


text:
EX-99.1
3
a17-21554_1ex99d1.htm
EX-99.1
Exhibit 99.1
Halcón
Resources Announces Closing of Operated Williston
Basin Assets Sale for $1.4 Billion, Launch of Tender Offer for Up
to 50% of its 6.75% Senior Notes due 2025 and Other Items
HOUSTON, TEXAS - September 7, 2017 - Halcón Resources Corporation (NYSE:HK) ("Halcón" or the "Company") announced today it closed the sale of its operated Williston Basin assets for $1.4 billion in cash, subject to certain customary closing adjustments. The effective date of the divestiture is June 1, 2017.
The Company today also launched a tender offer to purchase for cash up to $425 million principal amount of the outstanding $850 million principal amount of its unsecured 6.75% Senior Notes due 2025 (the "6.75% Notes") at 103% of par plus accrued interest. The tender offer will expire at 5:00 p.m., New York City time, on October 6, 2017, unless extended or earlier terminated. The tender offer for the Notes (the "Offer") is being made pursuant to certain provisions of the indenture governing the 6.75% Notes, as supplemented. The purchase of validly tendered 6.75% Notes will be prorated in accordance with the indenture and the procedures of DTC if the offer is oversubscribed. This press release does not constitute an offer to purchase securities or a solicitation of an offer to purchase any securities, nor does it constitute an offer or solicitation in any jurisdiction in which such offer or solicitation is unlawful.
Halcón has also issued an irrevocable notice to redeem on October 7, 2017 all of its outstanding 12.0% Second Lien Notes due 2022 (the "12.0% Notes") in accordance with the terms of the indenture governing such notes. The Company has also irrevocably deposited with U.S. Bank National Association an amount of funds sufficient to fund the redemption, thereby satisfying and discharging the Company's obligations under the 12.0% Notes. The Notice of Redemption is being sent to all registered holders of 12.0% Notes on September 7, 2017. On or before October 7, 2017, the 12.0% Notes should be presented to U.S. Bank National Association at the address set forth in the Notice of Redemption for the 12.0% Notes. This press release is for informational purposes only and shall not constitute a notice of redemption of the 12.0% Notes or an offer to purchase, or a solicitation of an offer to sell, any 12.0% Notes or other securities.
1
Finally, the Company entered into an Amended and Restated Senior Secured Revolving Credit Agreement today with a $140 million borrowing base. As of June 30, 2017, Halcón's liquidity was approximately $700 million pro forma for the Williston Basin asset sale, the closing of various non-core asset sales, the redemption of all of the Company's 12.0% Notes outstanding, the assumed tender of 50% of its 6.75% Notes outstanding for purchase and the assumed exercise of the Company's option on the northern portion of its Monument Draw acreage. This liquidity is based on $567 million of pro forma cash on hand (after pay down of all revolving credit facility borrowings) plus available borrowings under the undrawn senior secured revolving credit facility. The next borrowing base redetermination is scheduled for the spring of 2018.
About Halcón Resources
Halcón Resources Corporation
is an independent energy company engaged in the acquisition, production, exploration and development of onshore oil and natural gas properties in the United States.
For more information contact Quentin Hicks, Senior Vice President of Finance & Investor Relations, at 832-538-0557 or qhicks@halconresources.com.
Forward-Looking Statements
This release
may contain 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. Statements that are not strictly historical statements constitute forward-looking statements and may often, but not always, be identified by the use of such words such as "expects", "believes", "intends", "anticipates", "plans", "estimates", "potential", "possible", or "probable" or statements that certain actions, events or results "may", "will", "should", or "could" be taken, occur or be achieved. Forward-looking statements are based on current beliefs and expectations and involve certain assumptions or estimates that involve various risks and uncertainties that could cause actual results to differ materially from those reflected in the statements. These risks include, but are not limited to, those set forth in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2016 and other filings submitted by the Company to the U.S. Securities and Exchange Commission (SEC), copies of which may be obtained from the SEC's website at www.sec.gov or through the Company's website at www.halconresources.com. Readers should not place undue reliance on any such forward-looking statements, which are made only as of the date hereof. The Company has no duty, and assumes no obligation, to update forward-looking statements as a result of new information, future events or changes in the Company's expectations.
2

text:
Halcón
Resources

text: Halcón Resources Corporation

text: Halcón Resources

text: Halcón Resources Corporation


text:
EX-99.3
31
pressrelease-privateplace.htm
PRESS RELEASE DATED MAY 8, 2018 OF FUSION CONNECT, INC. ANNOUNCING THE PRIVATE PLACEMENT OF $8 MILLION OF COMMON STOCK.
Blueprint
------------------------------------------------------------------------------------------------------------------------
Fusion Completes Private Placement of Common Stock Led
by
Morgan Stanley Credit Partners
Equity Investment Demonstrates Strong Support of Fusion's
Differentiated Strategy
NEW
YORK, NY -- May 8, 2018 -- Fusion (NASDAQ: FSNN), a leading
provider of cloud services, announced today that on May 4, 2018, it
closed a private placement (the "Private Placement") of
1,523,811 shares of its common stock. The shares were priced at
$5.25 per share for gross proceeds of $8.0 million. Proceeds
from the Private Placement will be used by Fusion for general
corporate purposes.
Investment
funds managed by Morgan Stanley Credit Partners, an investment team
of Morgan Stanley Investment Management, which participated in
Fusion's recently completed Senior Secured Term Loan
Facilities (the "Facilities"), led the Private
Placement with an investment of $5.0 million of Fusion common
stock. The remaining $3.0 million of Fusion common stock in
the Private Placement was sold to other lenders to Fusion under the
Facilities. The stock is subject to a 180 day lock-up after the
closing date of the transaction.
"I
am very pleased that this group of financial institutions, led by
Morgan Stanley Credit Partners, recognizes Fusion's highly
differentiated strategy and our clear value proposition,"
said Matthew Rosen, Fusion's Chairman and CEO. "Their
support of the company's continued growth through their
equity and debt investments is a strong vote of confidence in our
vision to create the leading cloud services provider in the
market."
"Our
investment in Fusion reflects our confidence in Fusion's
value proposition in executing its strategy as the single source
for the cloud", said Hank D'Alessandro, Head of Morgan
Stanley Credit Partners. "We are delighted to be working with
Matt and the management team".
The
offering described herein was made pursuant to an exemption from
the registration requirements of the U.S. Securities Act of 1933,
as amended (the "Securities Act"), solely to accredited
investors. Under the terms of the Private Placement Fusion has
agreed to use commercially reasonable efforts to file and have
declared effective by the Securities and Exchange Commission a
registration statement on Form S-3 for purposes of registering the
resale of the common stock within 120 days of May 4,
2018.
About Fusion
Fusion,
a leading provider of integrated cloud solutions to small, medium
and large businesses, is the industry's single source for the
cloud. Fusion's advanced, proprietary cloud service platform
enables the integration of leading edge solutions in the cloud,
including cloud communications, contact center, cloud connectivity
and cloud computing. Fusion's innovative, yet proven cloud
solutions lower our customers' cost of ownership, and deliver new
levels of security, flexibility, scalability and speed of
deployment. For more information, please visit
www.fusionconnect.com
.
About Morgan Stanley Credit Partners
Morgan
Stanley Credit Partners, part of Morgan Stanley Investment
Management, invests in corporate debt securities issued by middle
market companies. Morgan Stanley Credit Partners' investment
team, based in New York, focuses on deploying capital in North
America and Western Europe. For further information about Morgan
Stanley Credit Partners, please visit
www.morganstanley.com/creditpartners
.
Fusion Contact
Brian
Coyne
(212)
201-2404
bcoyne@fusionconnect.com
Investor Relations
Chris
Tyson
MZ
North America
(949)491-8235
FSNN@mzgroup.us

text: FUSION CONNECT, INC.

text: Fusion

label: fund

text: Morgan Stanley Credit Partners

text: Fusion

text: Fusion

text: Fusion

text: Morgan Stanley Credit Partners

text: Morgan Stanley Investment Management

text: Fusion

text: Fusion

text: Fusion

text: Fusion

text: Morgan Stanley Credit Partners

text: Fusion

text: Fusion

text: Fusion

text: Fusion

text:
Morgan
Stanley Credit Partners

text: Fusion

text: Fusion

text: Fusion

text: Fusion

text: Fusion

text: Morgan Stanley Credit Partners

text:
Morgan
Stanley Credit Partners

text:
Morgan Stanley Investment
Management

text: Morgan Stanley Credit Partners

text:
Morgan
Stanley Credit Partners

text: Fusion


text:
EX-99.1
49
v051004_ex99-1.htm
Unassociated Document
Exhibit
99.1
INFOSMART
COMPLETES $7.65 MILLION EQUITY FINANCING AND MERGES INTO PUBLIC
SHELL
Ø
Capital
Infusion Positions World's 10
th
Largest DVD Manufacturer to Become Largest DVDR Manufacturer in
Brazil
HONG
KONG
- August 24, 2006 - Infosmart
Group Limited
("Infosmart"), a Hong
Kong-based recordable digital versatile disk (or DVDR) manufacturing
company,
announced today that on August 16, 2006 it completed a reverse merger with
Cyber
Merchants Exchange, Inc. ("Cyber Merchants") (OTC BB: CMXG), a publicly traded
shell company. Contemporaneous with the closing of the reverse merger, Cyber
Merchants completed a private placement to certain institutional investors
and
other high net worth individuals for gross proceeds of $7.65 million. Keating
Securities, LLC ("Keating Securities") and Axiom Capital Management, Inc. acted
as co-placement agents to Infosmart in the private placement; Keating Securities
acted as sole financial advisor to Cyber Merchants in the reverse merger.
At
the
closing of the reverse merger, Cyber Merchants issued to Infosmart's
stockholders 1,000,000 shares of Cyber Merchants' Series A Convertible Preferred
Stock in exchange for all of Infosmart's outstanding common stock. Each share of
Cyber Merchant's Series A Convertible Preferred Stock will be convertible into
approximately 116.72 shares of Cyber Merchants' common stock. The Series A
Convertible Preferred Stock does not pay a dividend unless
the Company pays cash dividends or dividends in other property to holders of
the
outstanding shares of Cyber's common stock in which event, each outstanding
share of the Series A Convertible Preferred Stock will be entitled to receive
dividends of cash or property in an amount or value equal to the conversion
rate
(initially set at 116.721360 but subject to adjustment) multiplied by the amount
paid in respect of one share of common stock.
Upon
Cyber Merchants' filing of an amendment to its Articles of Incorporation to
increase the authorized number of shares of common stock from 40,000,000 to
300,000,000, all of the outstanding Series A Convertible Preferred Stock will
immediately and automatically convert into a total of 116,721,360 shares of
Cyber Merchants common stock.
As
part
of the private placement, Cyber Merchants also issued a total of 1,092,857.1429
shares of Cyber Merchants' Series B Convertible Preferred Stock with a stated
value of $7.00 per share and warrants to purchase 100% of the amount of shares
of common stock into which the Series B Preferred Stock may be converted. The
Series B Preferred Stock pays an 8% annual dividend and is convertible into
shares of Cyber Merchants' common stock at the election of holders at a
conversion price equal to $0.261 per share, subject to standard conversion
price
adjustments. In total, the Series B Preferred Stock is convertible into
29,310,345 shares of Cyber Merchants common stock. The attached warrants are
exercisable into an additional 29,310,345 shares of Cyber Merchants common
stock.
Assuming
the full conversion of the Series A and Series B Preferred Stock, the as
converted basic number of shares of common stock outstanding is 159,000,745.
On
a fully diluted and as converted basis, Cyber Merchants has 191,242,125 shares
of common stock outstanding.
"We
are
extremely pleased with this transaction, as it allows us to extend our reach
in
Brazil - one of the world's largest developing economies. With this infusion of
additional capital, we believe that Infosmart
is
positioned to become the largest DVDR manufacturer in Brazil in 2007 and will
be
able to capture a large share of this lucrative market before other competitors
enter", stated Infosmart
CEO Andy
Kwok. Mr. Kwok further stated that "Keating Investments' turnkey going public
program has provided Infosmart
with the
capital to accomplish our objectives in Brazil, and their market-making and
after market support services will result over time in an actively traded and
fully valued stock, benefiting all Infosmart stockholders".
About
Infosmart Group Limited
Infosmart
Group Limited
,
a
fast-growing and profitable writable DVD (DVDR) manufacturer, operates a state
of the art DVDR production facility in Hong Kong and is preparing to manufacture
new writable High Density (HD-DVDR) media. In addition, Infosmart will soon
become the largest manufacturer of DVDR discs in Brazil. Disc media will be
the
storage media of choice for years to come, whether as HD-DVDR for mature markets
or traditional DVDR for developing markets. No other storage media available
rivals its combination of high capacity, low cost and exceptional
portability.
About
the Keating Companies
Founded
in 1997, Keating Investments, LLC (www.keatinginvestments.com)
is the
parent company of Keating Securities, LLC, a Denver-based broker-dealer and
NASD
member that provides a turnkey solution to private companies going public via
reverse merger. After Market Support, LLC is a wholly-owned subsidiary of
Keating Investments, LLC that provides investor relations services to public
companies that have gone public via reverse merger or other
alternatives to an IPO.
CONTACT:
After
Market Support, LLC
Justin
Davis
Phone:
(720) 489-4913
jd@keatingAMS.com
FORWARD-LOOKING
STATEMENTS
The
information contained herein includes forward-looking statements. These
statements relate to future events or to our future financial performance,
and
involve known and unknown risks, uncertainties and other factors that may cause
our actual results, levels of activity, performance, or achievements to be
materially different from any future results, levels of activity, performance
or
achievements expressed or implied by these forward-looking statements. You
should not place undue reliance on forward-looking statements since they involve
known and unknown risks, uncertainties and other factors which are, in some
cases, beyond our control and which could, and likely will, materially affect
actual results, levels of activity, performance or achievements. Any
forward-looking statement reflects our current views with respect to future
events and is subject to these and other risks, uncertainties and assumptions
relating to our operations, results of operations, growth strategy and
liquidity. We assume no obligation to publicly update or revise these
forward-looking statements for any reason, or to update the reasons actual
results could differ materially from those anticipated in these forward-looking
statements, even if new information becomes available in the future. The safe
harbor for forward-looking statements contained in the Securities Litigation
Reform Act of 1995 protects companies from liability for their forward looking
statements if they comply with the requirements of the Act.
#
# #

text: INFOSMART

text: Infosmart

text: Infosmart

text:
Cyber
Merchants Exchange, Inc.

text:
Keating
Securities, LLC

text: Keating Securities

text: Axiom Capital Management, Inc.

override: organization

text: Infosmart

text: Keating Securities

text: Infosmart

text: Infosmart

text: Infosmart

text: Infosmart

text: Infosmart

text: Infosmart

text: Infosmart

text: Infosmart

text: Infosmart

text: Keating Securities, LLC


text:
EX-99.1
2
exhibit1.htm
EX-99.1
EX-99.1
Double Eagle Petroleum Co.
1675 Broadway, Suite 2200
Denver, Colorado, 80202.
1-303-794-8445. Fax: 1-303-794-8451
Colorado- FOR IMMEDIATE RELEASE
Date: August 6, 2009
Double Eagle Petroleum Co. and Petrosearch Energy Corporation
Announce Closing of Merger
Denver Colorado - Double Eagle Petroleum Co. (NASDAQ: DBLE)
and
Petrosearch Energy Corporation
(OTCBB: PTSG)
are pleased to announce that the merger, whereby Petrosearch Energy Corporation
became a wholly-owned subsidiary of Double Eagle Petroleum Co, was successfully completed effective
August 6, 2009. With the closing of the transaction, Petrosearch stockholders automatically became
entitled to receive 0.0433 shares of Double Eagle common stock and cash consideration of $0.0211
for each share of Petrosearch common stock or Petrosearch preferred stock, on an as-converted
basis, that they own. As a result of the merger, Double Eagle received approximately $8.5 million
of working capital and an early stage water-flood project in the Texas Panhandle.
About Double Eagle
Double Eagle Petroleum Co. explores for, develops, and sells natural gas and crude oil, with
natural gas constituting more than 95% of its production and reserves. The Company's current major
development activities are in its Atlantic Rim coal bed methane play and in the Pinedale Anticline
in Wyoming.
About Petrosearch Energy Corporation
Petrosearch Energy Corporation, a Nevada corporation with executive offices in Houston, Texas, is a
resource based energy company with operations focused in the Anadarko basin of the North Texas
Panhandle. For more information please visit www.petrosearch.com.
Forward-Looking Statements and Additional Information
Opinions, forecasts, projections or statements other than statements of historical fact are
forward-looking statements that involve risks and uncertainties. Forward-looking statements in this
announcement are made pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Although each of Double Eagle and Petrosearch believes that the expectations
reflected in its forward-looking statements are reasonable, it can give no assurance that such
expectations will prove to be correct. Actual results may differ materially due to a variety of
factors, including without limitation: the uncertainty involved in exploring for and developing new
natural gas reserves, the sale prices of natural gas and oil, labor and raw material costs, the
availability of sufficient capital resources to carry out each company's anticipated level of new
well development and construction of related pipelines, environmental issues, weather conditions,
competition, general market conditions, and other risks detailed in Double Eagle's and
Petrosearch's filings with the Securities and Exchange Commission (SEC). You can find Double
Eagle's filings with the SEC at www.dble.us or at www.sec.gov and Petrosearch's filings with the
SEC at www.petrosearch.com or at www.sec.gov. Double Eagle undertakes no obligation to publicly
update these forward-looking statements, whether as a result of new information, future events or
otherwise.
Company Contact:
John Campbell, IR
(303) 794-8445
http://www.dble.us

text: Double Eagle Petroleum Co.

text: Double Eagle Petroleum Co.

text: Petrosearch Energy Corporation

text: Double Eagle Petroleum Co.

text: Petrosearch Energy Corporation

text: Petrosearch Energy Corporation

text: Double Eagle Petroleum Co

text: Double Eagle Petroleum Co.

text: Petrosearch Energy Corporation

text: Petrosearch Energy Corporation


text:
EX-99.1
2
a20-1516_1ex99d1.htm
EX-99.1
Exhibit 99.1
Contact: Briana Ochiltree
briana.ochiltree@blackcreekgroup.com
Black Creek Group
720-728-3109
FOR IMMEDIATE RELEASE:
Black Creek Group's Investment Fund, Industrial Property Trust, Completes Approximately $4 Billion Real Estate Asset Sale to Prologis
DENVER, January 8 - Black Creek Group, a Denver-based real estate investment manager and development firm with a more than 25-year history, today announced its sponsored investment fund, Industrial Property Trust Inc. (IPT), has closed on the sale of its wholly-owned real estate portfolio to affiliates of Prologis, Inc. (NYSE: PLD) in a deal valued at approximately $4 billion.
"Black Creek has a long history of creating value through our investment solutions and the completion of this transaction is a testament to both our strategy and the strength of the industrial sector", said Raj Dhanda, chief executive officer, Black Creek Group. "We are pleased to deliver on our commitment of building
high-quality portfolios that provide investors with healthy shareholder returns and we remain dedicated to the industrial sector as we continue to acquire and develop industrial assets for our other portfolios. Our goal is to continue to deliver strong investment results for investors in our portfolios in the future".
The transaction consisted of:
·
236 properties located across 24 geographic areas
·
37.5 million square feet of industrial holdings that are currently 96% leased
Black Creek currently offers investment solutions that span all major property types and strategies, which include core, value-add and opportunistic. The completion of this transaction marks the seventh platform that Black Creek has taken full cycle through either a liquidity event or an IPO on the New York Stock Exchange.
Morgan Stanley & Co. LLC and Eastdil Secured, L.L.C. acted as financial advisors to IPT. CBRE, Inc. acted as real estate advisor to IPT. Hogan Lovells acted as legal advisor to IPT.
About Black Creek Group
Black Creek Group is an experienced real estate investment management and development firm that has bought or built more than $20 billion of investments over its more than 25-year history. The firm manages diverse investment offerings across the spectrum of commercial real estate - including office, industrial, retail and multifamily - providing a range of investment solutions for both institutional and wealth management channels. Black Creek Group has nine offices across North America with more than 300 professionals. More information is available at blackcreekgroup.com.
###

text: Black Creek Group

override: fund

text: Black Creek Group

text: Prologis

text: Black Creek Group

text: Prologis, Inc.

text: Raj Dhanda

text: Black Creek Group

text: Morgan Stanley & Co. LLC

text: Eastdil Secured, L.L.C.

text: CBRE, Inc.

text: Hogan Lovells

text: Black Creek Group

text: Black Creek Group

text: Black Creek Group


text:
EX-99.1
4
d219453dex991.htm
EX-99.1
EX-99.1
Exhibit 99.1
Chatham Asset Management Completes Acquisition of RRD
Thomas J. Quinlan Appointed President and Chief Executive Officer
Chicago, February
25, 2022
- Chatham Asset Management, LLC ("Chatham"), a leading private investment firm, and R. R.
Donnelley & Sons Company ("RRD" or the "Company") today announced that they have completed a transaction in which affiliates of Chatham have acquired RRD for $10.85 per share in cash. The acquisition was previously
announced on December 14, 2021, and RRD stockholders approved the transaction at the Special Meeting of Stockholders held on February 23, 2022.
With the completion of the transaction, RRD expects its common stock will cease trading on the New York Stock Exchange before market open on February 28,
2022. In connection with the completion of the transaction, Thomas J. Quinlan has assumed the role of President and Chief Executive Officer of RRD.
"We are excited about the next chapter in RRD's journey, and I am personally thrilled to be leading the Company once again", said Thomas
Quinlan, RRD President and Chief Executive Officer. "Importantly, I am grateful to RRD's employees, whose dedication and hard work have contributed to the Company's success and momentum. Together with Chatham, we expect we will remain
the industry leader in marketing and business communications and continue to meet the evolving needs of our clients".
Mr. Quinlan is a seasoned
executive with significant experience leading and growing
business-to-business
manufacturing and services companies. He is deeply familiar with RRD and the print and
digital marketing and business communications industries, having served as President and Chief Executive Officer of RRD from 2007 to 2016, and Chairman, President and Chief Executive Officer of LSC Communications from 2016 to 2020 following its
spin-off
from the Company.
"We are pleased to finalize our acquisition of RRD and officially embark on our
partnership with the Company. We look forward to working with Tom and his talented team and are optimistic about what lies ahead for RRD", said Evan Ratner, Partner and Portfolio Manager at Chatham.
About RRD
RRD is a leading global provider of
multichannel business communications services and marketing solutions. With 25,000 clients and 32,000 employees across 28 countries, RRD offers the industry's most comprehensive offering of solutions designed to help companies-from Main
Street to Wall Street-optimize customer engagement and streamline business operations across the complete customer journey. RRD offers a comprehensive portfolio of capabilities, experience and scale that enables organizations around the world
to create, manage, deliver, and optimize their marketing and business communications strategies.
Contact:
Johan Nystedt
investor.info@rrd.com
630-322-7111

text: Chatham Asset Management

text: RRD

text: Thomas J. Quinlan

text: Chatham Asset Management, LLC

text: Chatham

text:
R. R.
Donnelley & Sons Company

text: RRD

text: Chatham

text: RRD

text: RRD

text: RRD

text: Thomas J. Quinlan

text: RRD

text: RRD

text: RRD

text: RRD

text: Chatham

text: RRD

text: RRD

text: RRD

text: RRD

text: Evan Ratner

text: Chatham

text: RRD

text: RRD

text: RRD

text: RRD


text:
EX-99.1
6
exhibit5.htm
EX-99.1
EX-99.1
Contact:
Julia McCartney, 714.667.8252, ext. 230
julia.mccartney@grubb-ellis.com
Grubb & Ellis Healthcare REIT Acquires
Liberty Falls Medical Plaza in Liberty Township, Ohio
SANTA ANA, Calif. (March 25, 2008) - Grubb & Ellis Healthcare REIT, Inc. today announced the
acquisition of Liberty Falls Medical Plaza in the Cincinnati suburb of Liberty Township, Ohio.
Newly constructed in 2008, Liberty Falls Medical Plaza is a two-story medical office building
consisting of approximately 44,000 square feet of gross leaseable area. The medical office
building is 91 percent leased. Financing was primarily provided by LaSalle Bank N.A. and KeyBank
N.A.
Located at 6770 Cincinnati-Dayton Road, Liberty Falls Medical Plaza is in close proximity to
State Route 129 and Interstate 75.
Liberty Falls Medical Plaza is adjacent to Cincinnati Children's Liberty Campus, an outpatient
pediatric facility of Cincinnati Children's Hospital Medical Center, which is currently under
construction on an approximately 65 acre parcel.
"Liberty Falls Medical Plaza was specifically built to service nearby medical campuses,"
explained Danny Prosky, vice president of acquisitions for Grubb & Ellis Healthcare REIT. "Close
proximity to a major medical campus is highly desirable for medical office buildings, making this
acquisition a valuable addition to the Grubb & Ellis Healthcare Office REIT portfolio".
The 230,000-square-foot Liberty Campus is scheduled to open to the public in August 2008. The
$83 million facility will be the largest outpatient center among Cincinnati Children's Hospital
Medical Center's 15 locations and will include eight outpatient operating rooms, a pediatric
emergency department and 12 short-stay observation beds.
Liberty Campus will feature a full range of outpatient pediatric subspecialty services and
radiological capabilities; therapy services, such as occupational, physical and speech therapy; and
testing services, such as laboratory, audiology, EKG, EEG, ECHO and pulmonary function tests.
As of March 14, 2008, Grubb & Ellis Healthcare REIT has sold approximately 25.9 million shares
of its common stock, excluding the shares issued under its distribution reinvestment plan, for
approximately $259 million through its initial public offering. The initial public offering began
in the third quarter of 2006.
Grubb & Ellis Healthcare REIT offers a monthly distribution of 7.25 percent per annum and has
made 23 geographically-diverse acquisitions valued at approximately $462 million.
About Grubb & Ellis
Grubb & Ellis Company (NYSE: GBE), one of the largest and most respected commercial real estate
services companies, is the sponsor of Grubb & Ellis Healthcare REIT, Inc. With more than 130 owned
and affiliate offices worldwide, Grubb & Ellis offers property owners, corporate occupants and
investors comprehensive integrated real estate solutions, including transaction, management,
consulting and investment advisory services supported by proprietary market research and extensive
local market expertise.
Grubb & Ellis and its subsidiaries are leading sponsors of real estate investment programs that
offer individuals and
institutions the opportunity to invest in a broad range of real estate investment vehicles,
including tax-deferred 1031 tenant-in-common (TIC) exchanges, public non-traded real estate
investment trusts (REITs) and real estate investment funds. As of September 30, 2007, nearly $3
billion in investor equity has been raised for these investment programs. Grubb & Ellis and its
subsidiaries currently manage a growing portfolio of more than 214 million square feet of real
estate. In 2007, Grubb & Ellis was selected from among 15,000 vendors as Microsoft Corporation's
Vendor of the Year. For more information regarding Grubb & Ellis Company, please visit
www.grubb-ellis.com
.
FORWARD-LOOKING LANGUAGE
This press release contains certain forward-looking statements with respect to the growing demand
for healthcare services and quality healthcare facilities, and the importance that the property
adds to the Grubb & Ellis Healthcare REIT portfolio. Forward-looking statements are statements that
are not descriptions of historical facts and include statements regarding management's intentions,
beliefs, expectations, plans or predictions of the future, within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Because such statements include risks, uncertainties and contingencies, actual results may
differ materially from those expressed or implied by such forward-looking statements. These risks,
uncertainties and contingencies include, but are not limited to, the following: uncertainties
regarding changes in the healthcare industry; uncertainties relating to changes in general economic
and real estate conditions; uncertainties relating to the economy of the Liberty Township and the
Greater Cincinnati, Ohio area; the strengths and financial condition of the Liberty Falls Medical
Plaza and the Cincinnati Children's Liberty Campus; the uncertainties relating to the
implementation of our real estate investment strategy; and other risk factors as outlined in the
company's prospectus, as amended from time to time, and as detailed from time to time in our
periodic reports, as filed with the Securities and Exchange Commission.

text: Grubb & Ellis Healthcare REIT

text: Grubb & Ellis Healthcare REIT, Inc.

text: Danny Prosky

text: Grubb & Ellis Healthcare REIT

text: Grubb & Ellis Healthcare REIT

text: Grubb & Ellis Healthcare REIT

text: Grubb & Ellis Healthcare REIT, Inc.

text: Grubb & Ellis Healthcare REIT


text:
EX-99.1
9
c49687exv99w1.htm
EX-99.1
EX-99.1
Exhibit 99.1
CARDIOVASCULAR SYSTEMS AND REPLIDYNE COMPLETE MERGER
Cardiovascular Systems, Inc. approved for trading on NASDAQ Global Market
®
St. Paul, Minn., Feb. 25, 2009
- Cardiovascular Systems, Inc. (Nasdaq: CSII), a medical device
company focused on developing and commercializing interventional treatment systems for vascular
disease, announced today that it has successfully closed the transactions contemplated by its
previously announced Merger Agreement dated November 3, 2008. The transactions included the merger
of Cardiovascular Systems, Inc., a Minnesota corporation (CSI), with a subsidiary of Replidyne,
Inc. In connection with the merger, Replidyne changed its name to Cardiovascular Systems, Inc. and
its shares have been approved for trading on the NASDAQ Global Market
®
under the symbol,
"CSII." Shareholders of both companies approved the transactions on February 24, 2009. Through
this transaction, an additional $37.0 million in net assets, primarily cash, is available to CSI's
business. The company plans to use the proceeds to advance its medical products, including its
Diamondback 360°™ Orbital Atherectomy System, and expand its sales and marketing organization.
"This is great news for our company and for the many Americans who are afflicted with peripheral
arterial disease", said David L. Martin, president and chief executive officer of Cardiovascular
Systems, Inc. "Given current market conditions, this merger was our best path for raising capital
and to become listed on a major U.S. stock market. With additional resources, we will expand our
sales and marketing organization to drive revenue growth, and continue to invest in infrastructure
and product development for future market expansion".
The company's total common shares outstanding are approximately 13.7 million, after giving effect
to the 1-for-10 reverse stock split of Replidyne's stock immediately prior to the merger and
assuming the conversion of all of the outstanding shares of CSI upon the terms of the merger. Under
terms of the Merger Agreement, the former CSI shareholders are entitled to receive approximately 83
percent of the combined company and Replidyne shareholders are expected to hold approximately 17
percent of the combined company, in each case on a fully diluted basis using the treasury stock
method of accounting for options and warrants.
As expected, the combined company is headed by CSI's Martin and the CSI executive team. The
combined board of directors consists of nine members, including two directors from Replidyne,
Edward Brown and Augustine Lawlor. Glen D. Nelson, M.D., is chairman of the board. Other directors
are Brent Blackey; John Friedman; Geoffrey Hartzler, M.D.; Roger Howe, Ph.D.; David Martin; and
Gary Petrucci.
For more information on Cardiovascular Systems, Inc., visit:
www.csi360.com.
About Cardiovascular Systems, Inc.
Cardiovascular Systems, Inc., a medical device company based in St. Paul, Minn., develops and
commercializes interventional treatment systems for vascular disease. The company's goal is to
provide physicians with the tools they need to help the 8 million to 12 million Americans suffering
from peripheral arterial disease (PAD) - blockages in leg arteries - and the potential
catastrophic risk of limb amputation. The company's initial product, the Diamondback 360°™ Orbital
Atherectomy System, is a minimally invasive catheter system for treating PAD. As of Dec. 31, 2008,
more than 14,700 devices had been sold to approximately 400 hospitals since the September 2007
product launch.
(more)
Cardiovascular Systems, Inc.
Feb. 25, 2009
Page 2
Safe Harbor
This press release contains plans, intentions, objectives, estimates and expectations that
constitute forward-looking statements about the company that involve significant risks and
uncertainties. Examples
of such statements include, but are not limited to, the expected cash that will be available to
CSI's business as a result of the closing of the merger, the expected ownership of the
stockholders of Replidyne and CSI after the closing of the merger and the anticipated benefits of
the transaction. Actual results could differ materially from those discussed in the forward-looking
statements due to a number of factors, including the accuracy of the company's estimates regarding
expenses, future revenues and capital requirements, and the company's ability to obtain and
maintain intellectual property protection for product candidates. These and additional risks and
uncertainties are described more fully in CSI's registration statement on Form 10 filed with the
Securities and Exchange Commission (SEC) on October 28, 2008 and Replidyne's most recent Form 10-K
filed with the SEC under the Securities Exchange Act of 1934. Copies of filings made with the SEC
are available through the SEC's electronic data gathering analysis and retrieval system (EDGAR) at
www.sec.gov
. All forward-looking statements made in the press release are made as of the
date hereof and the company assumes no obligation to update the forward-looking statements in the
document.
Contacts:
For Cardiovascular Systems, Inc.
Padilla Speer Beardsley:
Investor Relations
Marian Briggs
(651) 259-2800
(612) 455-1742
investorrelations@csi360.com
mbriggs@psbpr.com
Nancy A. Johnson
(612) 455-1745
njohnson@psbpr.com
# # #

text: CARDIOVASCULAR SYSTEMS

text: REPLIDYNE

text: Cardiovascular Systems, Inc.

text: Cardiovascular Systems, Inc.

text: Cardiovascular Systems, Inc.

text:
Replidyne,
Inc

text: Replidyne

text: Cardiovascular Systems, Inc.

text: David L. Martin

text:
Cardiovascular
Systems, Inc.

text: Replidyne

text: Replidyne

text: Replidyne

text: Cardiovascular Systems, Inc.

text: Cardiovascular Systems, Inc.

text: Cardiovascular Systems, Inc.

text: Cardiovascular Systems, Inc.

text: Replidyne

text: Replidyne

text: Cardiovascular Systems, Inc.


text:
EX-99.1
5
exhibit99-1.htm
EXHIBIT 99.1
Net 1 UEPS Technologies, Inc. - Exhibit 99.1 - Filed by newsfilecorp.com
Exhibit 99.1
Net1 sells 8% of DNI to RMB for ZAR 215
million; Company settles long term debt in full
Johannesburg, May 7, 2019 - Net 1 UEPS Technologies, Inc.
("Net1" or the "Company") today announced that it has, through its wholly owned
subsidiary, Net1 Applied Technologies South Africa Proprietary Limited ("Net1
SA"), entered into a transaction with FirstRand Bank Limited, acting through its
Rand Merchant Bank division ("RMB"), in terms of which Net1 SA further reduced
its shareholding in DNI-4PL Contracts Proprietary Limited ("DNI") from 38% to
30.4% for a transaction consideration of ZAR 215 million ($14.9 million). Net1
SA used the proceeds from the sale plus ZAR 15 million ($1.0 million) of its
cash reserves to early-settle its outstanding long-term borrowings of ZAR 230
million in full on May 3, 2019.
"This transaction further allows us to deleverage our balance
sheet, free up our cash reserves and further shows our commitment of divesting
non-strategic assets and to focus on our core fintech businesses and markets,"
said Herman G. Kotzé, Net1's Chief Executive Officer. "We will continue to be
aligned with the DNI management team on their operational and strategic plans,
and intend to pursue mutual revenue synergies".
The transaction closed on May 3, 2019. Net1 has also entered
into an agreement pursuant to which it has granted a call option to DNI to
acquire its remaining 30.4% interest. The option expires on December 31, 2019
and may be exercised at any time during this period. Excluding any special
distributions by DNI, the option strike price values Net1 SA's remaining 30.4%
interest at ZAR 859 million ($59.3 million).
All amounts translated to U.S. dollars at the May 3, 2019,
USD/ZAR exchange rate of $1.00 / ZAR 14.46.
About Net1 (
www.net1.com
)
Net1 is a leading provider of transaction processing services,
financial inclusion products and services and secure payment technology. Net1
operates market-leading payment processors in South Africa and the Republic of
Korea. Net1 offers debit, credit and prepaid processing and issuing services for
all major payment networks. In South Africa, Net1 provides innovative low-cost
financial inclusion products, including banking, lending and insurance, and is a
leading distributor of mobile subscriber starter packs for Cell C, a South
African mobile network operator. Net1 leverages its strategic equity investments
in Finbond and Bank Frick (both regulated banks), and Cell C to introduce
products to new customers and geographies. Net1 has a primary listing on NASDAQ
(NasdaqGS: UEPS) and a secondary listing on the Johannesburg Stock Exchange
(JSE: NT1). Visit
www.net1.com
for additional
information about Net1.
Forward-Looking Statements
This press release contains forward-looking statements that
involve substantial risks and uncertainties. All statements, other than
statements of historical fact, included in this press release regarding
strategy, future operations, future financial position, future revenues,
projected costs, prospects, plans and objectives of management are
forward-looking statements. The Company may not actually achieve the plans,
intentions or expectations disclosed in its forward-looking statements. Actual
results or events could differ materially from the plans, intentions and
expectations disclosed in the forward-looking statements that the Company makes.
Factors that might cause such differences include, but are not
limited to: the Company failing to achieve or implement the expected operational
and strategic plans with DNI management, or benefiting from the intended mutual
revenue synergies with DNI, as well as other factors, many of which are beyond
the Company's control; and other important factors included in the Company's
reports filed with the Securities and Exchange Commission, particularly in the
"Risk Factors" section of the Company's Annual Report on Form 10-K for the
fiscal year ended June 30, 2018, as such Risk Factors may be updated from time
to time in subsequent reports. The Company does not assume any obligation to
update any forward-looking statements, whether as a result of new information,
future events or otherwise.
Investor Relations Contact:
Dhruv Chopra
Group Vice President, Investor Relations
Phone: +1-917-767-6722
Email:
dchopra@net1.com
Media Relations Contact:
Bridget von Holdt
Business Director - BCW
Phone: +27-82-610-0650
Email:
bridget.vonholdt@bm-africa.com

text: DNI

text: RMB

text: RMB

text: DNI

text: DNI

text: DNI

text: DNI

text: DNI

text: DNI

text: DNI


text:
EX-99
2
v013610_ex99.txt
Exhibit 99
FOR IMMEDIATE RELEASE:
UNITED HERITAGE CORPORATION TO DISTRIBUTE HERITAGE FOOD GROUP SHARES
OIL & GAS EXPLORATION, DEVELOPMENT AND OPERATION
NOW PARAMOUNT FOR UNITED HERITAGE CORPORATION
CLEBURNE, Texas, February 28, 2005 -- United Heritage Corporation (Nasdaq: UHCP)
announced today that Heritage Food Group, Inc., a wholly-owned subsidiary of
United Heritage Corporation, was merged into BMW Holdings, Inc. (BMW), an
unrelated third party with BMW being the surviving corporation in the merger.
This transaction was completed under the terms of a Reorganization Agreement and
an Agreement and Plan of Merger pursuant to which United Heritage Corporation
transferred certain assets of National Heritage Sales Corporation, another of
its wholly-owned subsidiaries, to Heritage Food Group, Inc. The assets included
"Heritage Lifestyle" trademarks, point of sale material and good will. All other
assets of National Heritage Sales Corporation either have been or will be sold.
Upon giving effect to the merger, the existing shareholders of BMW retained a
92.5% interest in BMW and United Heritage Corporation obtained a 7.5% interest
in BMW, consisting of 8,823,530 shares of BMW's Class A common stock. United
Heritage Corporation intends to distribute to its shareholders all of its shares
of BMW Class A common stock and BMW has agreed to register these shares with the
Securities and Exchange Commission, in accordance with applicable securities
laws and regulations. As consideration for the transfer, BMW will pay to United
Heritage Corporation $75,000 in 12 equal monthly installments. BMW is also
obligated to pay the legal fees incurred by the parties in connection with the
transaction.
"Management believes this move is in the best interest of United Heritage
Corporation and its shareholders. We are pleased to have completed the merger
with BMW Holdings, Inc. as United Heritage Corporation has wanted to exit the
meat business which is non-core to our oil and gas operations. This transaction
allows us to offer our shareholders an opportunity to derive value from our meat
business by becoming part of Heritage Food Group's growth strategy, while
simultaneously allowing United Heritage Corporation to focus on our core oil and
gas operations. United Heritage Corporation is now involved strictly in oil and
gas exploration, development and operation", said Walter G. Mize, President and
CEO of United Heritage Corporation.
About United Heritage Corporation:
United Heritage Corporation is an oil & gas exploration and production company
based in Cleburne, Texas. Through subsidiaries it holds four leasehold
properties totaling 30,500 acres in Edwards County, Texas and Chaves and
Roosevelt Counties, New Mexico, that are estimated to contain in excess of 275
million barrels of remaining oil-in-place. Currently, 27.6 million barrels/oil
and 4,750,000 MCF/gas have been classified proved producing/proved undeveloped
reserves.
This press release may include forward-looking statements based on current
expectations that involve a number of uncertainties. Details on the factors that
could affect United Heritage Corporation's business and financial results are
included in United Heritage Corporation's Securities and Exchange Commission
filings, including the latest Annual Report on Form 10-KSB and on its Quarterly
Reports on Form 10-QSB.
Contact:
United Heritage Corporation
Walter G. Mize
(817) 641-3681 - Phone (817) 641-3683 - Fax
uhcp@aol.com

text: Heritage Food Group, Inc.

text: BMW Holdings, Inc.

text: Heritage Food Group, Inc.

text: BMW Holdings, Inc.

text: Walter G. Mize

text: Walter G. Mize


text:
EX-99.2
3
ex99-2.htm
EXHIBIT 99.2
ex99-2.htm
Exhibit 99.2
NEWS
Contact:
John P. Howlett
Vice Chairman Emeritus
Emtec, Inc.
Telephone 908-338-0043
Email johnhowlett@emtecinc.com
Web site www.emtecinc.com
EMTEC, INC. RAISES $10 MILLION IN MEZZANINE FINANCING
Springfield, NJ, August 16, 2011 - Emtec, Inc. (OTCQB: ETEC) ("Emtec" or the "Company"), a systems integrator, today announced that a new investment partner, NewSpring Mezzanine Capital, has invested $10 million of mezzanine debt financing in Emtec. NewSpring is a leading provider of capital to growth companies headquartered in the Mid-Atlantic Region. The proceeds are being used to repay senior debt, fund the Emerging acquisition (see separate press release), pay transaction expenses, and for growth.
Steve Hobman, General Partner of NewSpring Mezzanine, commented, "We are very excited to be able to become a long-term partner with Emtec for its continued growth. We believe the Company's management team brings a great deal of expertise and experience to the IT Services Market, and we are excited about the new capabilities Emerging Solutions brings to the Company. Management has positioned themselves to move Emtec's name into the frontlines of the IT consulting and outsourcing market. We are looking forward to helping them grow".
Greg Chandler, Chief Financial Officer of Emtec, stated, "I have known the leadership team at NewSpring for quite some time. We are very happy to have found a partner who will be able to grow with us as we continue our expansion across the U.S and globally. We were impressed with the speed and diligence of NewSpring and are looking forward to their financial and strategic advice as we move into 2012".
Advisors
Emtec's legal advisor was Dechert LLP and financial advisor and sole placement agent was Janney Montgomery Scott LLC.
About Emtec:
Emtec, Inc. established in 1964, provides information technology (IT) services and products to the federal, state and local government, education and commercial markets. Emtec helps clients identify and prioritize areas for improvement and then implement process, technology and business application improvements that reduce costs, improve service and align the delivery of IT with the needs of their organizations. Emtec's market leading value based management methods, coupled with best-in-class IT technology, consulting and development services, address a wide range of specific client needs, as well as support broader IT transformation initiatives. Emtec's service capabilities span the USA, Canada and countries around the globe. For more information visit: www.emtecinc.com.
About NewSpring Capital & NewSpring Mezzanine Capital:
NewSpring Capital,
based in Radnor, Pennsylvania; Short Hills, New Jersey; Washington, D.C. and Baltimore, MD is a leading provider of private equity capital focused in the Mid-Atlantic region.
NewSpring Capital
currently has $600 million invested across three distinct investment strategies through its family of funds. NewSpring Mezzanine Capital also provides mezzanine capital for expansion stage and buy-out opportunities in the business services, health care, information technology, and specialty manufacturing sectors.
Certain statements in this document constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to: (i) the Company's ability to obtain sufficient capital or a strategic business arrangement to fund its plan of operations when needed; (ii) the Company's ability to build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors discussed in the Company's periodic filings with the Securities and Exchange Commission which are available for review at
www.sec.gov
under "Search for Company Filings." We undertake no obligation to publicly update or revise any forward-looking statements to reflect changed assumptions, the occurrence of anticipated or unanticipated events, or changes to future results over time.

text: Greg Chandler

text: Dechert LLP


text:
EX-99.1
2
h21000exv99w1.txt
PRESS RELEASE DATED DECEMBER 14, 2004
Exhibit 99.1
[CENTERPOINT [TEXAS GENCO For CNP information, contact:
ENERGY LOGO] LOGO] MEDIA:
LETICIA LOWE
Phone 713.207.7702
INVESTORS:
MARIANNE PAULSEN
Phone 713.207.6500
For Texas Genco LLC
information, contact:
JOE HOUSEHOLDER
FOR IMMEDIATE RELEASE Phone 713-945-3523
Page 1 of 2
--------------------------------------------------------------------------------
TEXAS GENCO'S PUBLICLY HELD SHARES
CONVERTED INTO $47 PER SHARE
TGN stock will cease trading at market close today
HOUSTON - DECEMBER 14, 2004 - CenterPoint Energy, Inc. (NYSE: CNP) and
Texas Genco Holdings, Inc. (NYSE: TGN) today announced the closing of Texas
Genco Holdings' merger with a wholly owned subsidiary of CenterPoint Energy. As
a result of the merger, Texas Genco Holdings' publicly held shares have been
converted into the right to receive $47 per share in cash without interest and
less any applicable withholding taxes. Following the close of trading today,
Texas Genco Holdings' shares will no longer be publicly traded.
The merger is part of the first step of the transaction announced in July
in which Texas Genco LLC, formerly known as GC Power Acquisition LLC, will
acquire CenterPoint Energy's wholesale electric power generation company for
about $3.65 billion in cash. Texas Genco LLC is owned in equal parts by
affiliates of The Blackstone Group, Hellman & Friedman LLC, Kohlberg Kravis
Roberts & Co. L.P. and Texas Pacific Group. The final portion of this step is to
be completed December 15, 2004, when Texas Genco Holdings will sell its
subsidiary that owns its coal, lignite and gas-fired generation plants to Texas
Genco LLC for $2.813 billion in cash. Cash proceeds to CenterPoint Energy from
this step, after payment of the $47 per share to the public shareholders, will
be $2.231 billion.
The second step of the transaction is expected to take place in the first
half of 2005 following receipt of approval by the Nuclear Regulatory Commission.
Texas Genco LLC will acquire Texas Genco Holdings, Inc., whose principal
remaining asset will be its ownership interest in the South Texas Project
nuclear generating facility, for $700 million. Total cash proceeds to
CenterPoint Energy from both steps of the transaction are expected to be
approximately $2.931 billion, representing a price to CenterPoint Energy of
$45.25 per share for its ownership interest in Texas Genco Holdings.
For more information regarding these transactions, please refer to Texas
Genco Holdings' information statement on Schedule 14C dated November 12, 2004,
which can be found on both the Securities and Exchange Commission's Internet
site located at http://www.sec.gov and on Texas Genco Holdings' Internet site
located at http://www.txgenco.com. Any questions about the payment of the merger
consideration should be directed to 800.231.6406.
-more-
Page 2 of 2
--------------------------------------------------------------------------------
This news release includes forward-looking statements. Actual events and
results may differ materially from those projected. The statements in this news
release regarding future events and other statements that are not historical
facts are forward-looking statements. Factors that could affect actual results
include the satisfaction of certain closing conditions relating to the future
transactions described in this release, the timing and impact of future
regulatory decisions, and other factors discussed in CenterPoint Energy's and
Texas Genco Holdings' Form 10-Ks for the period ended December 31, 2003, Form
10-Qs for the periods ended March 31, 2004, June 30, 2004, and September 30,
2004 and other filings with the Securities and Exchange Commission.
###

text: Texas Genco LLC

text: CenterPoint Energy, Inc.

text: Texas Genco Holdings, Inc.

text:
Texas
Genco Holdings

text: CenterPoint Energy

text: Texas Genco Holdings

text: Texas Genco Holdings

text: Texas Genco LLC

text: CenterPoint Energy

text: Texas Genco LLC

text: Texas Genco Holdings

text:
Texas
Genco LLC

text: CenterPoint Energy

text: Texas Genco LLC

text: Texas Genco Holdings, Inc.

text: CenterPoint Energy

text: CenterPoint Energy

text: Texas Genco Holdings

text:
Texas
Genco Holdings

text: Texas Genco Holdings

text: CenterPoint Energy

text: Texas Genco Holdings