text:
EX-99.1
6
s22-9272_ex991.htm
PRESS RELEASE, ACQUISITION OF HART LAB LLC
s22-9272_ex991.htm
Exhibit 99.1
Adeona Completes HartLab Acquisition
ANN ARBOR, MI--(MARKET WIRE)-July 13, 2009 -- Adeona Pharmaceuticals, Inc. (AMEX:
AEN
-
News
), a specialty pharmaceutical company dedicated to the awareness, diagnosis, prevention and treatment of subclinical
zinc deficiency and chronic copper toxicity in the mature population, today announced that it has completed its acquisition of HartLab LLC, an independent Chicago-area CLIA-certified clinical laboratory ("HartLab"). Adeona originally announced its agreement to acquire HartLab on June 1, 2009.
Founded in 2006 and located in Bolingbrook, Illinois, HartLab can serve the same-day clinical laboratory needs of physicians that care for the approximately 9 million residents of the greater Chicago area and can currently provide next-day clinical laboratory services to physicians in most states.
HartLab is a licensed Medicare and Medicaid provider, and accepts insurance from most third party reimbursers as well as private payers.
Adeona intends HartLab to remain independent and to support HartLab in expanding its offering of services to include a suite of high precision and proprietary assays and diagnostic panels useful in the diagnosis, monitoring, prevention and treatment of conditions that involve copper toxicity and other types of metal dyshomeostasis. Adeona
believes that, if operated as planned, HartLab may satisfy an unmet physician need for a clinical laboratory dedicated and competent in such areas.
Max Lyon, CEO of Adeona, stated, " We look forward to HartLab entering the greater Chicago area market, and eventually the national market, with a clinical diagnostic service that can help physicians and patients cope with the challenges of diseases of aging such as Alzheimer's disease and mild cognitive impairment".
During 2007 and 2008, Adeona sponsored and conducted an IRB-approved, prospective, observational, blinded clinical trial enrolling 90 subjects, 30 with Alzheimer's disease (AD), 30 with Parkinson's disease (PD) and 30 age-matched normal subjects. The purpose of the study was to evaluate serum markers of copper status and compare these results
across the three groups of patients. The results of our study indicate highly statistically significant differences in serum markers of copper status between Alzheimer's and normal subjects. We believe that the differences observed suggest that Alzheimer's patients have impaired protection from chronic copper toxicity, which may contribute to the progression of their disease. The results from this study also appear to indicate a subclinical zinc deficiency in Alzheimer's subjects. Results from the
study also indicate that it may be useful to screen the existing Parkinson's disease population for signs of Wilson's disease, an effort that Adeona hopes to promote and accomplish through HartLab. Adeona and its HealthMine subsidiary intend to announce the results from this study in the first half of this month and launch a panel of metal dyshomeostasis diagnostic products and services thereafter.
The Acquisition
Adeona paid approximately $201,000 in cash and issued 50,000 unregistered shares of Adeona common stock in exchange for all of the issued and outstanding membership interests of HartLab. $14,000 of the cash purchase price was paid initially at signing in May and the remainder of approximately $187,000 was paid at closing.. In
addition, Adeona agreed to guarantee and seek to release the seller from the seller's personal guarantee of the remaining balance of two outstanding clinical equipment leases of HartLab totaling approximately $79,000. Adeona has placed $79.000 in escrow which will be returned to Adeona within 60 days provided the seller is released from his personal guarantee, or in the alternative, after 60 days will be paid to the lessors to pay off such equipment leases. Adeona intends to maintain the operations
and employees of HartLab and has entered into a consulting agreement with the former owner/founder of HartLab to assist in the transition and operation of the company for a period of up to 12 months.
Founded in 2006, the current revenues of HartLab exceed $100,000 per year and its financial statements are currently unaudited. Adeona has engaged an independent auditor to audit HartLab and in accordance with S.E.C. requirements intends to file detailed audited financial statements of HartLab and further financial information
pursuant to a Form 8-K within 75 days. HartLab revenues and expenses will be included in the Adeona's consolidated financial statements for the current third calendar quarter.
About Adeona Pharmaceuticals, Inc.
Adeona Pharmaceuticals, Inc. (AMEX:
AEN
-
News
) is a specialty pharmaceutical company dedicated to the awareness, diagnosis, prevention and treatment of subclinical zinc deficiency and chronic copper toxicity
in the mature population. Adeona believes that such conditions may contribute to the progression of debilitating degenerative diseases, including, Dry Age-Related Macular Degeneration (Dry AMD), Alzheimer's disease (AD) and mild cognitive impairment (MCI) in susceptible persons. Adeona is also developing a number of late-stage clinical drug candidates for the treatment of rheumatoid arthritis and multiple sclerosis. For further information, please visit
www.adeonapharma.com
.
About HealthMine, Inc.
HealthMine, Inc., a subsidiary of Adeona Pharmaceuticals Inc., is a health education communication and information resource company dedicated to raising awareness of subclinical zinc deficiency and the risks of chronic copper toxicity in the mature population. HeathMine currently hosts two Web 2.0 websites,
www.healthmine.com
and
the recently launched
www.copperproof.com
, a new informational website dedicated to increasing awareness of the potential health effects of chronic copper toxicity, especially in the mature population. By visiting
www.copperproof.com
, users can view a brief informational video, review relevant literature, obtain a sensitive test card to test their tap water for copper and, should they
wish to participate in HealthMine's CopperProof National Tap Water Survey, share their levels of copper in tap water and geographically compare such levels to those of others. Since 2003, an increasing body of research continues to implicate chronic copper exposure as a potential factor that may contribute to the progression of diseases of the mature population, especially Alzheimer's disease.
This release includes forward-looking statements on Adeona's current expectations and projections about future events. In some cases forward-looking statements can be identified by terminology such as "may", "should", "potential", "continue", "expects", "anticipates", "intends", "plans", "believes", "estimates", and similar expressions.
These statements are based upon current beliefs, expectations and assumptions and are subject to a number of risks and uncertainties, many of which are difficult to predict and include statements regarding designing additional clinical trials for oral dnaJP1, Zinthionein, flupirtine, or Trimesta. Adeona is at an early stage of development and may not ever have any products that generate significant revenue. Important factors that could cause actual results to differ materially from those reflected in Adeona's
forward-looking statements include, among others, a failure of Adeona's product candidates to be demonstrably safe and effective, a failure to obtain regulatory approval for the company's products or to comply with ongoing regulatory requirements, regulatory limitations relating to the company's ability to promote or commercialize its products for awareness, prevention, diagnosis or treatment of subclinical zinc deficiency and chronic copper toxicity, a lack of acceptance of Adeona's product candidates in the
marketplace, a failure of the company to become or remain profitable, that we will continue to meet the continued listing requirements of the American Stock Exchange (which, unlike other exchanges, does not require us to maintain any minimum bid price with respect our stock but does require us to maintain a minimum of $4 million in stockholders' equity during the current year, for example), our inability to obtain the capital necessary to fund the company's research and development activities, a loss of any of
the company's key scientists or management personnel, and other factors described in Adeona's report on Form 10-K for the year ended December 31, 2008, Form 10-Q for the quarter ending March 31, 2009 and any other filings with the SEC. No forward-looking statements can be guaranteed and actual results may differ materially from such statements. The information in this release is provided only as of the date of this release, and Adeona undertakes no obligation to update any forward-looking statements contained
in this release on account of new information, future events, or otherwise, except as required by law. Readers are urged to read to the Form 8-K and exhibits thereto associated with this press release.
For Further Information Contact:
Max Lyon
CEO and President
Adeona Pharmaceuticals, Inc.
(734)332-7800

text: HART LAB LLC

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dataset: buster

text:
EX-99.1
4
l39788exv99w1.htm
EX-99.1
exv99w1
Exhibit 99.1
FOR IMMEDIATE RELEASE
FirstMerit Corporation
Analysts: Thomas O'Malley/Investor Relations Officer
Phone: 330.384.7109
Media Contact: Robert Townsend/Media Relations Officer
Phone: 330.384.7075
FirstMerit Acquires Midwest Bank and Trust Company
Acquisition Nearly Doubles FirstMerit's Chicago Presence
Akron, Ohio (May 14, 2010) - FirstMerit Corporation (Nasdaq: FMER) announced today it has acquired,
through its subsidiary FirstMerit Bank, N.A., the banking operations of Chicago-based Midwest Bank
and Trust Company, the subsidiary bank of Midwest Banc Holdings, Inc. through a purchase and
assumption agreement with the Federal Deposit and Insurance Corporation (FDIC). Midwest Bank and
Trust has 26 branches located throughout the Chicago area.
As of March 31, 2010, Midwest Bank and Trust had approximately $2.4 billion in deposits and $3.2
billion in assets. Midwest Bank and Trust's $2.2 billion in loans will be subject to a loss-sharing
agreement with the FDIC. FirstMerit expects the acquisition to be accretive to operating earnings
per share in 2010.
For customers of Midwest Bank and Trust, the transition to FirstMerit will be seamless. On Saturday
morning, May 15, 2010, or the first normally scheduled business day depending on the location, all
26 Midwest Bank and Trust branches will reopen as FirstMerit locations. Existing Midwest Bank and
Trust checks, debit cards and ATM cards will continue to work, allowing customers to access their
money without disruption. Checks drawn on the bank will continue to be processed. Loan customers
should make their payments as usual.
To help customers with the transition, FirstMerit representatives will be on-site at all former
Midwest Bank and Trust locations to address customer needs and begin integrating operations. For
additional information, customers can also visit
http://www.firstmerit.com
or call the FirstMerit
customer service line at 1-888-554-4362.
-more-
FirstMerit Acquires Midwest Bank and Trust Company / Page 2
"We wish to extend a warm welcome to the customers of Midwest Bank and Trust to FirstMerit and want
to assure them that their deposits are safe, secure and readily
accessible. We are one of the healthiest and most financially stable banks in the Midwest", said
Paul G. Greig, president, chairman and CEO of FirstMerit. "It will be business as usual at all 26
of the former Midwest Bank and Trust branches as they become a part of FirstMerit. Clients will
recognize the familiar faces from Midwest Bank and Trust who will continue to take care of their
banking needs".
The transaction builds on market momentum from FirstMerit's recent First Bank and George Washington
acquisitions, nearly doubling its existing Chicago branch network from 28 to 54.
"We're pleased to expand our presence in the Chicago market and extend our long-term vision for
growth in this area", said Greig. "The addition of Midwest Bank and Trust to our existing Chicago
footprint creates an even stronger platform from which to serve the Chicago market and positions us
to continue gaining market share in Chicagoland's commercial banking space".
Forward-Looking Statement
This release contains forward-looking statements relating to present or future trends or factors
affecting the banking industry, and specifically the financial condition and results of operations,
including without limitation, statements relating to the earnings outlook of the Company, as well
as its operations, markets and products. Actual results could differ materially from those
indicated. Among the important factors that could cause results to differ materially are interest
rate changes, continued softening in the economy, which could materially impact credit quality
trends and the ability to generate loans, changes in the mix of the Company's business, competitive
pressures, changes in accounting, tax or regulatory practices or requirements and those risk
factors detailed in the Company's periodic reports and registration statements filed with the
Securities and Exchange Commission. The Company undertakes no obligation to release revisions to
these forward-looking statements or reflect events or circumstances after the date of this release.
About FirstMerit
FirstMerit Corporation is a diversified financial services company headquartered in Akron, Ohio,
with assets of $12.3 billion as of March 31, 2010 and 183 banking offices and 204 ATMs in Ohio,
Western Pennsylvania and the Chicago area. FirstMerit Corporation provides a complete range of
banking and other financial services to consumers and businesses through its core operations.
Principal wholly-owned subsidiaries include: FirstMerit Bank, N.A., FirstMerit Mortgage
Corporation, FirstMerit Title Agency, Ltd., and FirstMerit Community Development Corporation.
###

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source_dataset: expertai/BUSTER

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


text:
EX-99.1
3
ex99x1.htm
EXHIBIT 99.1
Exhibit 99.1
Riot
Blockchain announces purchase of 3,000 next generation Bitmain S17 Pro Antminers, upgrading its Oklahoma City Mining Facility
Decision
reinforces Company's commitment to Bitcoin and its supporting sectors
CASTLE
ROCK, CO. / PRNewswire / December 4, 2019 / Riot Blockchain, Inc. (NASDAQ: RIOT) ("Riot" or the "Company"),
one of the few Nasdaq listed public cryptocurrency mining companies in the United States, announced the purchase of 3,000 next
generation Bitmain S17 Pro Antminers for approximately USD $5 million from BitmainTech PTE. LTD. ("Bitmain"). This
upgrade was funded from Riot's available cash on hand.
The
latest generation of Bitcoin ("BTC") Application-Specific Integrated Circuit ("ASIC") miners from Bitmain
are markedly more cost efficient, estimated from product specifications at approximately a 50% improvement in hardware power efficiency,
compared to the S9 miners currently in use by Riot. As previously reported Riot's gross margin percent, computed as mining
revenues in excess of cost of revenues (exclusive of depreciation and amortization), was 14% in the three-month period ended September
30, 2019. The new generation miners are anticipated to generate approximately 440% of the S9's hashrate while only consuming
an estimated 220% of an S9's electricity usage. This will allow Riot to significantly increase its operating hashrate at
the Oklahoma City mining facility with fewer total miners using the same or less total electricity.
Riot
estimates aggregate operating hashrate at the Oklahoma City mining facility, assuming full utilization of the facility's
current total 12 megawatt ("MW") available electric supply and deployment of the 3,000 next generation miners supplemented
with the balance of S9s continuing to run using remaining available power, would be approximately 225 petahash per second ("PH/s").
This would represent an estimated 200%+ increase over Riot's present average mining hashrate. Riot anticipates that the
3,000 new miners, will represent approximately 70% of the total current mine capacity, and are expected to be fully deployed early
first quarter 2020. Pending future actual power costs and Bitcoin network economic conditions, it is expected that a portion of
the existing S9 miners will continue to be operational in order to maximize capacity until, and if, additional next generation
miners may be acquired to replace them.
Riot's
107,600 square foot Oklahoma City mining facility has been in operation since early 2018. Riot has mined over 1,820 newly minted
Bitcoin through the quarter ended September 30, 2019, in addition to lesser quantities of Litecoin and Bitcoin Cash. With this
acquisition, Riot has reinforced its confidence and focus in Bitcoin.
Riot's
Oklahoma City mining facility's current electric costs are variable based upon peak demand. Riot is notified of hourly demand
billing rates in advance and in order to be strategic with its operational costs, Riot curtails mining activities to reduce electric
consumption if there are periods when incremental electricity charges would exceed estimated revenue production. For the billing
month of October 2019, direct electricity costs incurred averaged $0.0275 kWh with an approximate range of $0.01 to $0.07.
The
Board of Directors and Management of Riot are very pleased to be in a position from a financial point of view to take advantage
of this exciting new technology at a time when the manufacturer has recently significantly reduced the cost of the miners. While
cryptocurrency mining continues to have challenges, including price volatility of Bitcoin, the opportunity to acquire significant
additional net hashrate capacity on a very cost-effective basis was determined to be compelling. The decision was further enhanced
given Riot's recent funding from its 2019 ATM Offering of common shares with no warrants or other rights and at prices appreciably
higher than the current market. As previously reported, the Company's cash and digital asset balance as of September 30,
2019 totaled $18.3 million, with no long or short-term secured debt.
About
Riot Blockchain
Riot
Blockchain is focused on building, operating, and supporting blockchain technologies. Its primary operations consist of cryptocurrency
mining, targeted development of a cryptocurrency exchange, and the identification and support of innovations within the sector.
For more information, visit http://www.RiotBlockchain.com/.
Investor
Notice
Investing
in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks,
uncertainties and forward-looking statements described under "Risk Factors" in Item 1A of our most recent Form 10-K
for the fiscal year ended December 31, 2018 filed with the Securities and Exchange Commission (the "SEC") on April 2,
2019, as amended by Amendment No. 1 on Form 10-K/A on April 23, 2019, as well as those risk factors disclosed in any periodic
reports we file with the SEC. If any of these risks were to occur, our business, financial condition or results of operations
would likely suffer. In that event, the value of our securities could decline, and you could lose part or all of your investment.
The risks and uncertainties we describe are not the only ones facing us.
Additional
risks not presently known to us or that we currently deem immaterial may also impair our business operations. In addition, our
past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to
anticipate results in the future. See "Safe Harbor" below.
Safe
Harbor
The
information provided in this press release may include forward-looking statements relating to future events or the future financial
performance of the Company. Because such statements are subject to risks and uncertainties, actual results may differ materially
from those expressed or implied by such forward-looking statements. Words such as "anticipates", "plans,"
"expects", "intends", "will", "potential", "hope" and similar expressions are
intended to identify forward-looking statements. These forward-looking statements are based upon current expectations of the Company
and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could
differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties. Detailed
information regarding factors that may cause actual results to differ materially from the results expressed or implied by statements
in this press release relating to the Company may be found in the Company's periodic filings with the Securities and Exchange
Commission, including the factors described in the sections entitled "Risk Factors", copies of which may be obtained
from the SEC's website at www.sec.gov. The Company does not undertake any obligation to update forward-looking statements contained
in this press release.
CONTACT:
Media
Contact:
PR@RiotBlockchain.com
Investor
Contact:
IR@RiotBlockchain.com
SOURCE:
Riot Blockchain, Inc.

text:
Riot
Blockchain

text: Riot Blockchain, Inc.

text: BitmainTech PTE. LTD.

text: Riot Blockchain

text:
Riot
Blockchain

text: Riot Blockchain, Inc.


text:
EX-99.1
2
a16-21956_1ex99d1.htm
PRESS RELEASE DATED NOVEMBER 21, 2016
Exhibit 99.1
B&G Foods Completes Acquisition of Spices Business from
ACH Food Companies
Parsippany, N.J.,
November 21, 2016 -B&G Foods, Inc. (NYSE: BGS) announced that effective today it has completed the acquisition of the spices and seasonings business of ACH Food Companies, Inc., a leading supplier of spices and seasonings to retail and food service customers, for $365 million in cash, subject to a customary adjustment based upon inventory at closing. B&G Foods expects the acquisition to be immediately accretive to its earnings per share and free cash flow.
B&G Foods projects that after the acquisition is fully integrated the acquired business will generate on an annualized basis net sales in the range of $220.0 million to $225.0 million, adjusted EBITDA in the range of $38.0 million to $40.0 million and adjusted diluted earnings per share in the range of $0.26 to $0.28.
Because the acquisition was structured as an asset purchase, B&G Foods expects to realize approximately $83.0 million in tax benefits on a net present value basis. At the midpoint of B&G Foods' post-integration projected adjusted EBITDA for the business, the acquisition represents a purchase price multiple of approximately 9.4 times adjusted EBITDA (or 7.2 times adjusted EBITDA net of expected tax benefits).
The ACH spices and seasonings business includes the
Spice Islands
,
Tone's
and
Durkee
brands. The business also includes
Weber
brand sauces and seasonings, which are sold under license. As part of the acquisition, B&G Foods also acquired a manufacturing facility in Ankeny, Iowa.
B&G Foods funded the acquisition and related fees and expenses with cash on hand, including the net proceeds of its August 2016 public offering of common stock, and additional revolving loans under its existing credit facility.
About B&G Foods, Inc.
B&G Foods and its subsidiaries manufacture, sell and distribute a diversified portfolio of high-quality, branded shelf-stable and frozen foods across the United States, Canada and Puerto Rico. Based in Parsippany, New Jersey, B&G Foods' products are marketed under many recognized brands, including
Ac'cent
,
B&G
,
B&M
,
Baker's Joy
,
Bear Creek Country Kitchens
,
Brer Rabbit
,
Canoleo
,
Cary's
,
Cream of Rice
,
Cream of Wheat
,
Devonsheer
,
Don Pepino
,
Emeril's
,
Grandma's Molasses
,
Green Giant
,
JJ Flats
,
Joan of Arc
,
Las Palmas
,
Le Sueur
,
MacDonald's, Mama Mary's
,
Maple Grove Farms
,
Molly McButter
,
Mrs. Dash
,
New York Flatbreads
,
New York Style
,
Old London
,
Original Tings
,
Ortega
,
Pirate's Booty
,
Polaner
,
Red Devil
,
Regina
,
Sa-són, Sclafani
,
Smart Puffs
,
Spring Tree
,
Sugar Twin
,
Trappey's
,
TrueNorth
,
Underwood
,
Vermont Maid
,
Wright's
and now,
Durkee
,
Spice Islands
,
Tone's
and
Weber
. B&G Foods also sells and distributes
Static Guard,
a household product brand.
About Non-GAAP Financial Measures and Items Affecting Comparability
"EBITDA" (net income before net interest expense, income taxes, depreciation and amortization and loss on extinguishment of debt), "adjusted EBITDA" (EBITDA as adjusted for cash and non-cash acquisition-related expenses, gains and losses (which may include third party fees and expenses, integration, restructuring and
consolidation expenses and amortization of acquired inventory fair value step-up) and certain other items described from time to time in the Company's SEC filings and earnings releases); and "adjusted diluted earnings per share" (reported diluted earnings per share adjusted for certain items that affect comparability, including cash and non-cash acquisition-related expenses, gains and losses (which may include third party fees and expenses, integration, restructuring and consolidation expenses and amortization of acquired inventory fair value step-up)), are "non-GAAP financial measures." A non-GAAP financial measure is a numerical measure of financial performance that excludes or includes amounts so as to be different than the most directly comparable measure calculated and presented in accordance with GAAP in B&G Foods' consolidated balance sheets and related consolidated statements of operations, comprehensive income, changes in stockholders' equity and cash flows. Non-GAAP financial measures should not be considered in isolation or as a substitute for the most directly comparable GAAP measures. The Company's non-GAAP financial measures may be different from non-GAAP financial measures used by other companies.
B&G Foods provides earnings guidance only on a non-GAAP basis and does not provide a reconciliation of the Company's forward-looking adjusted EBITDA and adjusted diluted earnings per share guidance to the most directly comparable GAAP financial measures because of the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliations, including adjustments that could be made for acquisition-related expenses, gains and losses and other charges reflected in the Company's reconciliation of historic non-GAAP financial measures, the amounts of which, based on past experience, could be material.
Forward-Looking Statements
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." The forward-looking statements contained in this press release include, without limitation, statements related to the acquisition of the spices business of ACH Food Companies, Inc.; the expected impact of the acquisition, including without limitation, the expected impact on B&G Foods' earnings per share, net sales, adjusted EBITDA and free cash flow, and the expected tax benefits of the acquisition
.
Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of B&G Foods to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe such risks and uncertainties readers are urged to consider statements labeled with the terms "believes", "belief", "expects", "projects", "intends", "anticipates" or "plans" to be uncertain and forward-looking. Factors that may affect actual results include, without limitation: whether and when the Company will be able to realize the expected financial results and accretive effect of the acquisition, and how customers, competitors, suppliers and employees will react to the acquisition. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in B&G Foods' filings with the Securities and Exchange Commission, including under Item 1A, "Risk Factors" in the Company's Annual Report on Form 10-K for fiscal 2015 filed on March 2, 2016 and in its subsequent reports on Forms 10-Q and 8-K. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. B&G Foods undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Contacts:
Investor Relations:
Media Relations:
ICR, Inc.
ICR, Inc.
Dara Dierks
Matt Lindberg
866.211.8151
203.682.8214

text: B&G Foods

text: ACH Food Companies

text: B&G Foods, Inc.

text: ACH Food Companies, Inc.

text: B&G Foods

text: B&G Foods

text: B&G Foods

text: B&G Foods

text: B&G Foods

text: B&G Foods

text: B&G Foods, Inc.

text: B&G Foods

text: B&G Foods

text: B&G Foods

text: B&G Foods

text: B&G Foods

text: ACH Food Companies, Inc.

text: B&G Foods

text: B&G Foods

text: B&G Foods

text: B&G Foods


text:
EX-99
2
ex991.htm
PRESS RELEASE ISSUED ON 05-21-2010
IA Global, Inc. Form 8-K
Exhibit 99.1
IA GLOBAL ANNOUNCES CLOSING OF CAR PLANNER CO LTD ACQUISITION
SAN FRANCISCO, CA. May 21, 2010/Business Wire
IA Global, Inc. (OTCQB: IAGI.OB) (the "Company") announced the closing of the 100% acquisition of JSK Fund Co Ltd ("Seller"), which owns 100% of Car Planner Co Ltd ("Car Planner"), a Japanese company, from JSK Partners Inc. Group, a party affiliated with an existing shareholder of the Company.
Car Planner records service and commission revenue by selling automotive parts over the internet to approximately 728 car dealers, gas stations, and car maintenance shops in Japan. Car Planner is expected to expand their B to B model to include B to C during FY 2011. Their website is www.carplanner.jp.
Car Planner was established in 2006. During the year ending March 31, 2010, Car Planner recorded sales of $1.5 million and net income of $120,000. Car Planner will be acquired for 30,000,000 JPY or approximately $325,000 at the current exchange rate. The acquisition is expected to be financed through the issuance of approximately 25,000,000 shares of IAGI common stock.
"This acquisition marks the first tangible move aimed at rebuilding the company's asset and revenue base. At the moment, we are aggressively considering a number of similar acquisitions aimed at building a sustainable, profitable global outsourcing and service business. These additional acquisitions are expected to close in the near future" stated Brian Hoekstra, CEO of IA Global, Inc.
About IA Global, Inc.
IA Global, Inc. is a global services and outsourcing company focused on growing existing businesses and expansion through mergers and acquisitions in the Pacific Rim region. The Company utilizes its current partnerships to acquire growth businesses in its target sectors and markets at discounted prices. The Company is also actively engaging businesses that would benefit from its business and marketing expertise, knowledge of Asian Markets, and technology infrastructure.
For further information, contact:
Investor Relations
IA Global, Inc.
101 California Street, Suite 2450
San Francisco, CA 94111
415-946-8828 (t)
415-946-8801 (f)
ir@iaglobalinc.com
www.iaglobalinc.com
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains 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) regarding us and our business, financial condition, results of operations and prospects. Forward-looking statements in this press release reflect the good faith judgment of our management and are based on facts and factors currently known to us. Forward-looking statements are subject to risks and uncertainties, and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements as a result of either the matters set forth or incorporated in this press release generally or certain economic and business factors, some of which may be unknown to and/or beyond the control of IA Global. Specifically, we are exposed to various risks related to legal claims, our need for additional financing and our Ascendiant line of credit, our level of indebtedness, declining economic conditions, our controlling shareholder groups, the sale of significant numbers of our shares and volatility in the market price of our common stock. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. We do not undertake, and we expressly disclaim, any obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of the press release.

text: IA Global, Inc.

text: IA GLOBAL

text: CAR PLANNER CO LTD

text: IA Global, Inc.

text: JSK Fund Co Ltd

override: organization

text: Car Planner Co Ltd

text: JSK Partners Inc

text: Brian Hoekstra

text: IA Global, Inc.

text: IA Global, Inc.

text: IA Global, Inc.

text: IA Global, Inc.

text: IA Global


text:
EX-99.1
3
a13-7836_1ex99d1.htm
EX-99.1
Exhibit 99.1
For Immediate Release
Contact:
NPS Pharmaceuticals, Inc.
Corporate Communications
(908) 450-5516
smesco@npsp.com
Takeda Pharmaceutical Company Limited
Corporate Communications Dept.
+81-3-3278-2037
Takeda Pharmaceuticals International GmbH
+41445551501
tobias.cottmann@takeda.com
NPS Pharmaceuticals and Takeda Revise Agreements and NPS Re-Gains Full Worldwide Rights to Teduglutide and Recombinant Human Parathyroid Hormone 1-84
-
Takeda to receive NPS common stock of $50 million and a potential future sales-based milestone payment -
- Provides NPS with opportunity to establish global orphan specialty franchise-
- NPS to host conference call today at 8:30 AM ET -
BEDMINSTER, New Jersey and Osaka, Japan - March 19, 2013 - NPS Pharmaceuticals, Inc. (NASDAQ: NPSP) and Takeda Pharmaceutical Company Limited (TSE: 4502, "Takeda") announced today that NPS has re-gained the full worldwide rights to teduglutide (trade name in Europe: Revestive®) and recombinant human parathyroid hormone 1-84 (PTH 1-84) (trade name in Europe: Preotact®). NPS licensed the commercial rights to Preotact and Revestive in 2004 and 2007, respectively, for territories outside of North America to Nycomed, which was acquired by Takeda in 2011.
Under the terms of the agreement, NPS will have worldwide rights to develop and commercialize teduglutide and PTH 1-84. Takeda will also assign to NPS its assets related to the two products, including all of its active pharmaceutical ingredient inventory and information related to the products' continued development, manufacture, and commercialization, including life cycle management assets. Takeda will receive NPS common stock valued at $50 million. Takeda will also earn a milestone payment in the first calendar year that combined worldwide net sales of both products exceed $750 million. NPS has the option of making this milestone payment in the amount of $30 million, in cash or NPS common stock.
"This transaction establishes NPS as a global commercial rare disease company", said Francois Nader, M.D., president and chief executive officer of NPS Pharmaceuticals. "Our primary focus is to secure reimbursement for Revestive in Europe and to finalize our
commercial strategy for both drugs to maximize their worldwide success. However, our 2013 priorities remain the successful U.S. launch of Gattex and the submission of our U.S. marketing application for Natpara".
"Orphan drugs like teduglutide, serve high unmet medical needs. We are confident that as an orphan and specialty company, NPS is best suited to maximize the value of teduglutide and PTH 1-84 and ensure that as many patients as possible benefit from treatment. The structure of this transaction allows us to participate in NPS' future success with these products", said Dr. Frank Morich, chief commercial officer of Takeda.
Teduglutide, marketed in the U.S. under the trade name Gattex®, and approved in Europe under the trade name Revestive is indicated for the treatment of adult short bowel syndrome. Teduglutide was approved in the European Union and the U.S. in August and December 2012, respectively. PTH 1-84 is approved for post-menopausal osteoporosis in the European Union since April 2006, where it is known under the trade name Preotact®. NPS is developing PTH 1-84 under the brand name Natpara® in the U.S. for the treatment of hypoparathyroidism.
Conference call
NPS will host a conference call Tuesday, March 19, 2013 at 8:30 a.m. Eastern Time. To participate in the conference call, dial (800) 237-9752 and use pass code 73884017. International callers may dial (617) 847-8706, using the same pass code. In addition, a live audio of the conference call will be available over the Internet. Interested parties can access the event through the NPS website, http://www.npsp.com.
For those unable to participate in the live call, a replay will be available at (888) 286-8010, with pass code 51837309, until midnight Eastern Time, April 2, 2013. International callers may access the replay by dialing (617) 801-6888, using the same pass code. The webcast will also be available through the NPS website for the same period.
About NPS Pharmaceuticals
NPS Pharmaceuticals is a biopharmaceutical company pioneering and delivering therapies that transform the lives of patients with rare diseases worldwide. The company's lead product, Gattex® 0.05 mg/kg/d (teduglutide [rDNA origin]) for injection is FDA-approved for the treatment of adult patients with short bowel syndrome (SBS) who are dependent on parenteral support. NPS is also developing Natpara® (rhPTH[1-84]) for the treatment of adult hypoparathyroidism and expects to submit its Biologic License Application (BLA) to the FDA in 2013.
NPS's earlier stage pipeline includes two calcilytic compounds, NPSP790 and NPSP795, with potential application in rare disorders involving increased calcium receptor activity, such as autosomal dominant hypocalcemia with hypercalciuria (ADHH). NPS complements its proprietary programs with a royalty-based portfolio of products and product candidates that includes agreements with Amgen, GlaxoSmithKline, Janssen Pharmaceuticals, and Kyowa Hakko Kirin. Additional information about NPS is available through its corporate website, http://www.npsp.com.
2
"NPS", "NPS Pharmaceuticals", "Gattex", "Natpara", "Preotact", and "Revestive" are the company's trademarks.
About Takeda Pharmaceutical Company Limited
Located in Osaka, Japan, Takeda is a research-based global company with its main focus on pharmaceuticals. As the largest pharmaceutical company in Japan and one of the global leaders of the industry, Takeda is committed to strive towards better health for patients worldwide through leading innovation in medicine. Additional information about Takeda is available through its corporate website, http://www.takeda.com.
Disclosure notice
Statements made in this press release, which are not historical in nature, constitute forward-looking statements for purposes of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. These statements are based on NPS Pharmaceuticals' current expectations and beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Forward looking statements include, but are not limited to, statements concerning our future commercial performance. Risks associated to the company's business include, but are not limited to, the risks associated with any failure by the company to successfully commercialize Gattex, including the risk that physicians and patients may not see the advantages of Gattex and may therefore be reluctant to utilize the product, the risk that private and public payers may be reluctant to cover or provide reimbursement for Gattex, as well as other risk factors described in the company's periodic filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K and Form 10-Qs. All information in this press release is as of the date of this release and NPS undertakes no duty to update this information, whether as a result of new information, future events or otherwise.
###
3

text: NPS Pharmaceuticals, Inc.

text: Takeda Pharmaceutical Company Limited

text: Takeda

text: Takeda

text: Takeda

text: NPS Pharmaceuticals, Inc.

text: Takeda Pharmaceutical Company Limited

text: Takeda

text: Takeda

text: Takeda

text: Takeda

text: Takeda

text: Frank Morich

text: Takeda

text: Takeda Pharmaceutical Company Limited

text: Takeda

text: Takeda

text: Takeda


text:
EX-99.1
2
exhibit1.htm
EX-99.1
EX-99.1
Exhibit 99.1
Contact:
Allison Tomek
(561) 805-8044
atomek@adsx.com
DIGITAL ANGEL CORPORATION COMPLETES ACQUISITION OF MCMURDO MARINE ELECTRONICS
ACQUISITION EXPECTED TO DOUBLE REVENUE OF DIGITAL ANGEL'S SARBE BUSINESS
AND SOLIDIFY ITS POSITION AS A LEADING GLOBAL PROVIDER OF COMMERCIAL
AND MILITARY EMERGENCY LOCATION BEACONS
SO. ST. PAUL, MN (April 9, 2007) - Digital Angel Corporation (Amex: DOC), an advanced technology
company in the field of rapid and accurate identification, location tracking and condition
monitoring of high-value assets, announced today that it has completed its acquisition of certain
assets and customer contracts of McMurdo Ltd., the U.K.'s premier manufacturer of emergency
location beacons, from Chemring Group PLC. Digital Angel purchased McMurdo for approximately $5.7
million in cash (USD) and will have additional deferred payments ranging from $0-$3 million (USD),
dependent upon performance of the business following the sale.
Digital Angel President and Chief Executive Officer Kevin McGrath said, "Simply put, we believe our
strategic acquisition of McMurdo is the perfect complement to our SARBE business. Its network of
approximately 60 outlets will significantly broaden our emergency location beacon product offering
to serve the military and commercial maritime sectors and provide stability to our revenue base. As
we stated previously, we expect the McMurdo acquisition to add at least $8-9 million of additional
revenue for the remainder of 2007. More importantly, we believe McMurdo's steady stream of business
will generate more predictable profits in the SARBE business on a go-forward basis".
"For several years we have explored ways to turn the SARBE business into a world leader in the
broad customer base of multipurpose search and rescue beacons rather than just a leader in the
important, but cyclical, military market. The acquisition of McMurdo creates a business unit which
serves both the commercial and military markets. In addition to revenue growth, we have a plan in
place to improve margins at McMurdo in the near term. Currently, McMurdo buys the circuit boards,
antennas, and batteries used in their location beacons. However, by utilizing our established
manufacturing capabilities at our Signature Industries operations in the U.K., we will manufacture
those components, and expect to have a more profitable product", continued McGrath.
For nearly seven decades, McMurdo has distinguished itself as a leader in the development and
manufacturing of safety equipment technology. Its products, including the original EPIRB (Emergency
Position Indicating Radio Beacon) and the first GMDSS (Global Maritime Distress and Safety System)
approved Search And Rescue Transponder, have become standard, lifesaving, equipment on many
recreational, commercial and military marine vehicles. In 2000, McMurdo demonstrated the
versatility of its technology successfully launching its first PLB (Personal Locator Beacon) for
use on land, sea or air. The company continues to lead the way in the functionality and accuracy of
emergency location beacons.
Emergency Locator Beacons represent a core competency and key growth market for Digital Angel and
its subsidiary Signature Industries. Impending changes to the COSPAS-SARSAT satellite monitoring
system mean much of the equipment currently in service will require replacement by February 2009.
McMurdo and SARBE, with its improved range of radios such as the SARBE G2R and the SARBE 6-406, are
uniquely positioned to exploit these opportunities in their respective markets.
The SARBE Division of Signature Industries manufactures a complete line of military search and
rescue beacons and has worked closely with the Royal Air Force, a branch of the UK Ministry of
Defense, for more than 50 years. The acquisition of McMurdo's technology and its manufacturing
infrastructure should significantly strengthen Digital Angel's position in the Locator Beacon
Industry.
About Digital Angel Corporation
Digital Angel Corporation (
www.DigitalAngelCorp.com)
develops and deploys sensor and
communications technologies that enable rapid and accurate identification, location tracking, and
condition monitoring of high-value assets. Applications for the Company's products include
identification and monitoring of humans, pets, fish, poultry and livestock through its patented
implantable microchips; location tracking and message monitoring of vehicles and aircraft in remote
locations through systems that integrate GPS and geosynchronous satellite communications; and
monitoring of asset conditions such as temperature and movement, through advanced miniature
sensors. Digital Angel Corporation is majority-owned by Applied Digital Inc. (Nasdaq:ADSX), which
also owns a majority position in VeriChip Corporation (NASDAQ: CHIP).
This press release includes forward-looking statements, including statements regarding the
future opportunities presented by the McMurdo acquisition, the amount of additional top line
revenue that McMurdo will add to the Company, our ability to improve margins at McMurdo and the
opportunities that are expected to arise due to changes in satellite communication technology. The
Company wishes to caution readers that certain important factors and various risks may have
affected and could in the future affect the Company's actual results and could cause the Company's
actual results for subsequent periods to differ materially from those expressed in any
forward-looking statement made by or on behalf of the Company. With respect to the Company's
expectations expressed in this press release, such risk factors include, but are not limited to,
the Company's ability to successfully integrate the McMurdo acquisition, to retain McMurdo's
current clients and its ability to reduce the costs of McMurdo's products. This information is
also qualified in its entirety by cautionary statements and risk factor disclosures contained in
the Company's Securities and Exchange Commission filings, including the Company's annual report on
Form 10-K for the fiscal year ended December 31, 2006 and its quarterly reports. The Company can
offer no assurances that any projections, assumptions or forecasts made or discussed in this
release will be met, and investors should understand the risks of investing solely due to such
projections. The Company undertakes no obligation to revise any forward-looking statements in order
to reflect events or circumstances that may arise after the date of this press release.
# # #

text: DIGITAL ANGEL CORPORATION

text: MCMURDO MARINE ELECTRONICS

text: DIGITAL ANGEL

text: Digital Angel Corporation

text: McMurdo Ltd.

text: Digital Angel

text: McMurdo

text: Digital Angel

text: McMurdo

text: McMurdo

text: McMurdo

text: McMurdo

text: McMurdo

text: McMurdo

text: McMurdo

text: McMurdo

text: Digital Angel

text: McMurdo

text: McMurdo

text: Digital Angel

text: Digital Angel Corporation

text: Digital Angel Corporation

text: Digital Angel Corporation

text: Applied Digital Inc.

text: VeriChip Corporation

text: McMurdo

text: McMurdo

text: McMurdo

text: McMurdo

text: McMurdo

text: McMurdo


text:
EX-99.1
3
v435008_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
PRESS RELEASE
Company Contact:
Investor Contact:
Jennifer Crane
Mark Hood
Crossroads Systems
Crossroads Systems
ir@crossroads.com
ir@crossroads.com
512.928.6897
512.928.7330
Press Contact:
Matthew Zintel
Zintel Public Relations
matthew.zintel@zintelpr.com
281.444.1590
FOR IMMEDIATE RELEASE
Crossroads Announces Sale of Products
Business and Plan to Sell Non-'972 Patent Portfolio
AUSTIN, Texas
,
March
22, 2016
- Crossroads Systems, Inc.
(NASDAQ: CRDS) (the "Company")
today announced the sale of its product
business and all related assets to
Canadian
-based
StrongBox Data Solutions, Inc. ("SDSI")
for net proceeds of $1.85 million
in cash. The agreement includes the Company's entire product portfolio and maintenance business, including its StrongBox
and
SPHiNX
storage
solutions. As
part of the purchase agreement, 27 of Crossroads' employees have transitioned to SDSI. Existing
product customers and partners should see no disruption in service.
The Company, in partnership with Fortress Investment
Group, also signed an agreement with AQUA Licensing to market and sell the non-'972 patent portfolio. The portfolio consists
of 138 patents and pending patents. Although Crossroads commissioned two independent studies of the portfolio in 2013 and 2014,
the Company can provide no assurance regarding the timing or value of a transaction, or even if one will occur.
Richard K. Coleman, Jr.,
President and CEO at Crossroads Systems said, "We believe the sale of our product business
is clearly in shareholders' best interests as it significantly reduces our cash burn. Going forward we will focus our efforts
and resources on vigorously defending our intellectual property and identifying additional IP monetization opportunities. As part
of that initiative, we believe our agreement with Fortress and AQUA to seek a buyer for the non-'972 patent portfolio provides
the quickest potential path to additional shareholder value".
About Crossroads Systems
Crossroads Systems, Inc.
(NASDAQ: CRDS) is an intellectual property licensing company headquartered in Austin, Texas. Founded in 1996 as a product solutions
company, Crossroads created some of the storage industry's most fundamental patents and has licensed patents to more than
50 companies since 2000.
Visit
www.crossroads.com
.
About StrongBox Data Solutions, Inc.
StrongBox Data Solutions is a worldwide leader in big data
storage, providing powerful solutions to many of the world's largest corporations, governments and organizations. StrongBox
is a pioneer in simplifying data management and reducing storage costs with revolutionary, patented technology. We make
data storage simple, flexible and affordable, and take pride in offering unmatched customer support. Step into the next generation
of data storage by visiting us at
www.strongboxdata.com
.
Important Cautions Regarding
Forward-Looking Statements
This press release includes forward-looking statements that relate to the business and expected future events or future performance
of Crossroads Systems, Inc. and involve known and unknown risks, uncertainties and other factors that may cause its actual results,
levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance
or achievements expressed or implied by these forward-looking statements. Words such as, but not limited to, "believe,"
"expect", "anticipate", "estimate", "intend", "plan", "targets", "likely,"
"will", "would", "could", and similar expressions or phrases identify forward-looking statements.
Forward-looking statements include, but are not limited to, statements about Crossroads Systems' ability to implement its business
strategy, including the transition from a hardware storage company to a software solutions and services provider, its ability
to expand its distribution channels, its ability to maintain or broaden relationships with existing distribution channels and
strategic alliances and develop new industry relationships, the performance of third parties in its distribution channels and
of its strategic alliances, the potential market for our data storage products, changes in the fair value of its derivative instruments
and its ability to achieve or maintain profitability. The future performance of Crossroads Systems may be adversely affected by
the following risks and uncertainties: uncertainties relating to product development and commercialization, uncertain market acceptance
of Crossroads Systems products, including StrongBox, intense competition in the data protection and storage markets, variations
in quarterly results and a consequence of unpredictable sales cycles and other factors, the ability to obtain, maintain or protect
patent and other proprietary intellectual property rights, developments in litigation to which we may be a party, technological
change in the industry, future capital requirements, regulatory actions or delays and other factors that may cause actual results
to be materially different from those described or anticipated by these forward-looking statements. For a more detailed discussion
of these factors and risks, investors should review Crossroads Systems' reports on Form
10-K, Form 10-Q, Form 8-K
and other reports filed with the Securities and Exchange Commission, which can be accessed through the SEC's website
or by clicking "SEC Filings" on the Company's Investor Relations website at
http://investors.crossroads.com
. Forward-looking
statements in this press release are based on management's beliefs and opinions at the time the statements are made. All
forward-looking statements are qualified in their entirety by this cautionary statement, and Crossroads Systems undertakes
no duty to update this information to reflect future events, information or circumstances.
©2016 Crossroads Systems, Inc.,
Crossroads and Crossroads Systems are registered trademarks of Crossroads Systems, Inc. All trademarks are the property of their
respective owners. All specifications are subject to change without notice.

text: Crossroads

text: Crossroads Systems, Inc.

text: StrongBox Data Solutions, Inc.

text: Crossroads

text: Crossroads

text: Crossroads Systems, Inc.

text: Crossroads

text: StrongBox Data Solutions, Inc.

text: Crossroads Systems, Inc.

text: Crossroads Systems, Inc.

text: Crossroads

text: Crossroads Systems, Inc.


text:
EX-99
3
ex99pressrelease.htm
PRESS RELEASE
Ex 99 Press Release
Exhibit 99
COMPANY CONTACTS:
Spectranetics Corporation
Guy Childs, Chief Financial Officer
(719) 633-8333
INVESTOR CONTACTS:
Westwicke Partners
Lynn Pieper
415-202-5678
FOR IMMEDIATE RELEASE
SPECTRANETICS STRENGTHENS VASCULAR PORTFOLIO WITH PURCHASE OF UPSTREAM PERIPHERAL TECHNOLOGIES, LTD
New products minimize radiation exposure and decrease procedure time
COLORADO SPRINGS, Colo. (January 7, 2013) - The Spectranetics Corporation (Nasdaq: SPNC) today announced an agreement to purchase the assets of Upstream Peripheral Technologies, Ltd., an affiliate of ARAN Research Development & Prototypes Ltd., for up-front consideration of $5.5 million with additional milestone payments tied to revenue, manufacturing transfer, and other milestones specified in the asset purchase agreement. Included in the acquisition are unique technologies that expand Spectranetics' Vascular Intervention portfolio. The products have received U.S. Food and Drug Administration (FDA) 510(k) clearance and have been issued CE certificates. A full launch in the United States and Europe will occur in February 2013.
The Israeli-based Upstream Peripheral Technologies, Ltd products were developed to minimize radiation exposure in peripheral vascular procedures generally and decrease procedure time specifically in retrograde access procedures. The Quick-Access™ Needle Holder is an innovative, easy-to-use device that helps physicians access vessels safely and efficiently. The Quick-Cross Capture™ Guidewire Connector enables physicians to easily, reliably and safely capture and exchange guidewires in retrograde procedures. It works by utilizing a low-pressure balloon which centers the funnel-shaped device within the vessel and captures the guidewire quickly without damaging the wire or the vessel.
The Company expects to generate positive cash flow from the transaction in 2013, excluding the purchase price and related milestone payments. Consistent with past practice, the financial impact will be incorporated into the Company's guidance following sufficient commercial experience.
"Crossing a chronic total occlusion (CTO) using the retrograde approach can be a very tricky and time-consuming procedure", said Dr. Donald Jacobs of St. Louis University. "The Quick-Access and the Quick-Cross Capture have made this procedure more predictable and efficient".
Dr. Andrej Schmidt of Park Hospital Leipzig, Germany, said, "As a busy interventionalist, I worry about constant radiation exposure. I now regularly use the needle holder when I need fluoroscopic guidance for vessel access to keep my hands as far away as possible from the radiation field. Additionally the wire catcher speeds procedure time, further reducing radiation exposure for my patients and me".
Scott Drake, President and Chief Executive Officer of Spectranetics, stated, "This acquisition is a move consistent with our strategy to treat challenging endovascular lesions. The technologies are complementary to our vascular portfolio and enable us to leverage our current call points".
"We are excited to see our innovations in the hands of physicians to improve patients' lives. With the strength of its sales force and the strategic focus on lower extremity procedures, Spectranetics is the perfect acquirer of these technologies", stated Abi Zakai, Chairman of Upstream Peripheral Technologies, Ltd.
About Spectranetics
Spectranetics develops, manufactures, markets and distributes single-use medical devices used in minimally invasive procedures within the cardiovascular system. The Company's products are sold in 40 countries throughout the world and are used to treat arterial blockages in the heart and legs as well as the removal of pacemaker and defibrillator leads.
The Company's Vascular Intervention (VI) products include a range of peripheral and cardiac laser catheters for ablation of occluded arteries above and below the knee and within coronary arteries. The Company also markets aspiration and thrombectomy catheters for the removal of thrombus and support catheters to facilitate crossing of coronary and peripheral arterial blockages.
The Lead Management (LM) product line includes excimer laser sheaths and cardiac lead management accessories for the removal of pacemaker and defibrillator cardiac leads.
For more information, visit www.spectranetics.com.
Safe Harbor Statement
This news release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934 (the Exchange Act), as amended, and the Private Securities Litigation Reform Act of 1995, and is subject to the safe harbor created by that section. Forward-looking statements contained in this release constitute our expectations or forecasts of future events as of the date this release was issued and are not statements of historical fact. You can identify these statements by the fact that they do not relate strictly to historical or current facts. Such statements may include words such as "anticipate", "will", "estimate", "expect", "project", "intend", "should", "plan", "believe", "hope", "enable", "potential, and other words and terms of similar meaning in connection with any discussion of, among other things, future operating or financial performance, strategic initiatives and business strategies, regulatory or competitive environments, our intellectual property and product development. You are cautioned not to place undue reliance on these forward-looking statements and to note that they speak only as of the date hereof. Factors that could cause actual results to differ materially from those set forth in the forward-looking statements are set forth in the risk factors listed from time to time in our filings with the SEC. Readers are encouraged to review Item 1A. - Risk Factors and all other disclosures appearing in the Company's Form 10-K for the year ended December 31, 2011 filed with the Securities and Exchange Commission, for further information on risks and uncertainties that could affect the Company's business, financial condition and results of operation. We disclaim any intention or obligation to update or revise any financial projections or forward-looking statements due to new information or other events.
Quick-Cross Capture™ and Quick-Access™ are trademarks of the Spectranetics Corporation.
# # #

text: Guy Childs

text: Upstream Peripheral Technologies, Ltd.

text: Donald Jacobs

text: Andrej Schmidt

text: Scott Drake

text: Abi Zakai

text: Upstream Peripheral Technologies, Ltd.


text:
EX-99.1
9
f8k072015ex99i_droneaviation.htm
TEXT OF PRESS RELEASE DATED JULY 20, 2015
Exhibit 99.1
Drone
Aviation Holding Corp. Acquires Exclusive Commercial Rights to UAV Autopilot System Created at Georgia Institute of Technology
Licensed
Technology Enables Development and Commercialization of New Robotic Platforms for Unmanned and Autonomous Vehicles
JACKSONVILLE,
FL and ATLANTA, GA - July 20, 2015
- Drone Aviation Holding Corp. (OTCQB: DRNE) (DAC), manufacturer of lighter-than-air
aerostats and tethered drones, today announced that it has entered into an agreement to acquire exclusive commercial software
licenses for the "GUST" (Georgia Tech UAV Simulation Tool) autopilot system from Adaptive Flight, Inc. Through the
purchase of the assets of privately held Adaptive Flight Inc. (AFI), DAC is assuming the
transferable
licenses from the Georgia Tech Research Corporation which
include
flight simulation
tools and fault tolerant flight control
algorithms. In addition, DAC will acquire AFI's
dedicated flight computer and additional related hardware and airframes.
Dr.
Eric N. Johnson, co-founder of AFI and the Lockheed Martin Associate Professor of Avionics Integration at Georgia Tech's
School of Aerospace Engineering, stated, "GUST is the basis of the unmanned aircraft systems flight research capability
developed to perform research at Georgia Tech for a variety of sponsors since 2001 which has also been utilized by AFI since 2007
for commercial unmanned systems. I look forward to working with DAC on the continued commercialization of this critical enabling
technology and realizing the many benefits that will result from the fusion of advanced control systems and vision-based technologies
for unmanned vehicles by enhancing reliability and enabling new missions".
Jay
Nussbaum, Chairman of Drone Aviation, added, "The GUST autopilot will deliver immediate value to DAC by enhancing our WATT
tethered drones and expan
ding
our market to include autonomous vehicles across a spectrum
of defense-related and civilian products. This technology adds valuable intellectual property that would take years and
considerable
investment
to reproduce and enables our long-term growth plans vital to our remaining at the forefront of unmanned vehicle
development".
AFI's
assets include flight control technologies for both single and multi-rotor Vertical Take-Off and Landing (VTOL) and Fixed-Wing
(FW) UAVs. In addition to the GUST simulation tool, AFI's technology include
s
an
adaptive guidance and flight control architecture which forms a complete autopilot with vision-based estimation and control capabilities.
This autonomous autopilot technology was recently demonstrated at the annual American Helicopter Society (AHS) International MAV
Challenge in Virginia Beach, VA. where the Georgia Tech School of Aerospace Engineering entry took first place successfully demonstrating
their drone's ability to take off from a helipad and using no external aides, autonomously find a target in a search area and
return to its original launch location.
About
Drone Aviation Holding Corp.
Drone
Aviation Holding Corp. (DRNE) develops and manufactures cost-effective, compact and rapidly deployable aerial platforms including
lighter-than-air aerostats and electric-powered drones designed to provide government and commercial customers with enhanced surveillance
and communication capabilities. Utilizing a proprietary tether system, the Company's products are designed to provide prolonged
operational duration capabilities combined with improved reliability, uniquely fulfilling critical requirements in military, law
enforcement and commercial and industrial applications. For more information about Drone Aviation Holding Corp. please visit
www.DroneAviationCorp.com
or view our reports and filings with the Securities and Exchange Commission on
http://www.sec.gov
,
including the Risk Factors included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2014, as well as
information about the Company in our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
Forward-Looking
Statements
This
press release contains projections of future results and other forward-looking statements that involve a number of risks and uncertainties
and are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Important factors
that may cause actual results and outcomes to differ materially from those contained in the projections and forward-looking statements
included in this press release are described in our publicly filed reports. Factors that could cause these differences include,
but are not limited to, the acceptance of our products, lack of revenue growth, failure to realize profitability, inability to
raise capital and market conditions that negatively affect the market price of our common stock. The Company disclaims any responsibility
to update any forward-looking statements.
Disclosure
Dr.
Johnson is entitled to royalties derived from DAC's sale of products related to the technologies described in this article.
The terms of this arrangement have been reviewed and approved by Georgia Tech in accordance with its conflict of interest policies.
Contact:
Jerry Schranz
Antenna Group
201-465-8020
jerryS@antennagroup.com
2

text: Aviation Holding Corp.

text: Drone Aviation Holding Corp.

text: Adaptive Flight, Inc.

text: Eric N. Johnson

text:
Jay
Nussbaum

text: Drone Aviation Holding Corp.

text:
Drone
Aviation Holding Corp.

text: Drone Aviation Holding Corp.


text:
EX-99.1
5
exhibit99_1.htm
HAWK CORPORATION PRESS RELEASE DATED FEBRUARY 2, 2007
Hawk Corporation Press Release dated February 2, 2007
EXHIBIT
99.1
Hawk
Completes Sale of its
Precision
Components Segment
CLEVELAND,
Ohio - February 2, 2007 - Hawk Corporation (AMEX:HWK) announced today that
the
Company has completed the sale of its precision components segment to an
entity
formed by Saw Mill Capital Partners, L.P. and certain members of the segment's
management team for approximately $94.2 million consisting of $93.5 million
in
cash and the assumption by Saw Mill of $0.7 million in debt. The cash portion
of
the purchase price includes proceeds from a preliminary working capital
adjustment which remains subject to further adjustment by the parties. Hawk
intends to use the proceeds of the transaction for growth opportunities in
the
Company's friction products and performance racing segments either internally or
through acquisitions, to retire debt and for general corporate purposes,
including the possibility of a limited stock buy-back, the details of which
will
be subsequently announced if Hawk determines to pursue a stock
buy-back.
The
precision components segment will be reflected as a discontinued operation
in
the Company's December 31, 2006 financial results.
The
Company
Hawk
Corporation is a leading worldwide supplier of highly engineered products.
Its
friction products group is a leading supplier of friction materials for brakes,
clutches and transmissions used in airplanes, trucks, construction and mining
equipment, farm equipment, recreational and performance automotive vehicles.
The
Company's performance racing group manufactures clutches and gearboxes for
motorsport applications and performance automotive markets. Headquartered
in
Cleveland, Ohio, Hawk has approximately 1,100 employees at 11 manufacturing,
research, sales and administrative sites in 5 countries.
Saw
Mill Capital Partners, L.P
.
Saw
Mill
Capital Partners, L.P. is an investment fund managed by Saw Mill Capital
LLC, a
middle market private equity firm founded in 1997 that acquires manufacturing
and service companies with enterprise values of $25 to $150 million. To learn
more about Saw Mill Capital, visit their website at www.sawmillcapital.com.
Forward
Looking Statements
This
press release includes forward-looking statements concerning the use of proceeds
of the sale of the Company's precision components segment, the possibility of a
stock buy-back, the repayment of debt and other statements that involve risks
and uncertainties. These forward-looking statements are based upon management's
expectations and beliefs concerning future events. Forward-looking statements
are necessarily subject to risks, uncertainties and other factors, many of
which
are outside the control of the Company that could cause actual results to
differ
materially from such statements. These risks, uncertainties and other factors
include, but are not limited to, decisions by the Company regarding the use
of
proceeds from the sale, acquisition opportunities, the satisfaction of
limitations on the use of proceeds contained in the Company's financing
arrangements and market conditions. Reference is made to Hawk's filings with the
Securities and Exchange Commission, including its annual report on Form 10-K
for
the year ended December 31, 2005, its quarterly reports on Form 10-Q, and
other
periodic filings, for a description of other factors that could cause actual
results to differ materially from those in the forward-looking statements.
Any
forward-looking statement speaks only as of the date on which such statement
is
made, and the Company undertakes no obligation to update any forward-looking
statement, whether as a result of new information, future events or
otherwise.
Contact
Information
Ronald
E.
Weinberg, Chairman & CEO
(216)
861-3553
Joseph
J.
Levanduski, CFO
(216)
861-3553
Hawk
Corporation is online at: www.hawkcorp.com

text: HAWK CORPORATION

text: Hawk Corporation

text: Hawk

text:
Precision
Components Segment

text: Hawk Corporation

text: precision components segment

label: fund

text: Saw Mill Capital Partners, L.P.

override: fund

text: Hawk

text: Hawk

text: precision components segment

text:
Hawk
Corporation

text: Hawk

text:
Saw
Mill Capital

text:
Saw
Mill
Capital

text:
Saw Mill Capital
LLC

text: Saw Mill Capital

text: precision components segment

text: Hawk

text:
Ronald
E.
Weinberg

text:
Joseph
J.
Levanduski

text:
Hawk
Corporation


text:
EX-99.1
3
exhibit991.htm
EXHIBIT 99.1
China Valves Technology, Inc. Exhibit 99.1 - Prepared by TNT Filings Inc.
Exhibit 99.1
China Valves Technology, Inc. Completes the Acquisition of Able Delight (Changsha) Valve Co., Ltd.
KAIFENG, CHINA, February 8, 2010 - China Valves Technology, Inc. (Nasdaq: CVVT) ("China Valves" or the "Company"), a leading metal valve manufacturer with operations in the People's Republic of China (the "PRC"), today announced that on Feb 3,
2010, the Company has completed the transaction to acquire 100% asset ownership in Able Delight (Changsha) Valve Co., Ltd., ("Able Delight"), a leading valve manufacturing enterprise that specializes in manufacturing valves for the water supply and
power supply industries. Consideration for the acquisition is approximately $15 million in cash, which the Company will pay in full by the end of February. As result of this acquisition, Able Delight became a wholly-owned subsidiary of China
Valves.
China Valves will consolidate Able Delight's operations into its financial results effective February 2010. For fiscal year 2010, the Company expects Able Delight to contribute approximately 140 million RMB ($20.5 million) in revenue and 34
million RMB ($5.0 million) in net income. Able Delight expects to deliver its current backlog of orders valued at approximately 90 million RMB ($13.2 million) by the end of 2010.
Able Delight, located in Changsha, Hunan Province, is a leading producer of butterfly valves, check valves and ball valves for hydropower plants, thermal power plants, nuclear power plants and water and sewage treatment applications. Able Delight
has the capability to produce the largest butterfly valves in China with a maximum diameter of 5.5 meters. As a result of this acquisition, Able Delight will transfer all its active patents to China Valves.
"We are very pleased with the timely close of this acquisition and we welcome Able Delight to the China Valves family", said Mr. Siping Fang, Chairman and CEO of China Valves. "Able Delight's established customer relationships with water treatment
facilities and thermal power plants in Hunan province and high-quality manufacturing practices make it a powerful addition to our existing operations. Able Delight's product portfolio consists mainly of high-end valves, and it is the only
manufacturer in China with capacity to produce large butterfly valves with a maximum diameter of 5.5 meters, which help us move up the value curve".
About China Valves Technology, Inc.
China Valves Technology, Inc. through its subsidiaries, Zhengzhou Zhengdie Valve Co, Ltd., Henan Kaifeng High Pressure Valve Co., Ltd., Tai Zhou Tai De Valve Co., Ltd., Yangzhou Rock Valve Lock Technology Co., Ltd., and Able Delight (Changsha) Valve
Co., Ltd., is engaged in development, manufacture and sale of high-quality metal valves for the electricity, petroleum, chemical, water, gas and metallurgy industries. The Company has one of the best known brand names in China's valve industry,
and its history can be traced back to 1959 when it was formed as a state-owned enterprise. The Company develops valve products by extensive research and development and owns a number of patents. It enjoys significant domestic market shares and
exports to Asia and Europe. For more information, visit
http://www.cvalve.com
Safe Harbor Statements
Any statements set forth above that are not historical facts are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors
include, but are not limited to, the Company's ability to develop and market new products, the anticipated revenue and net income contribution of Able Delight, the ability to acquire other companies, changes from anticipated levels of sales, changes
in national or regional economic and competitive conditions, changes in relationships with customers, changes in principal product profits and other factors detailed from time to time in the Company's filings with the United States Securities and
Exchange Commission and other regulatory authorities. The Company undertakes no obligation to update or revise to the public any forward-looking statements, whether as a result of new information, future events or otherwise. This press release was
developed by China Valves, and is intended solely for informational purposes and is not to be construed as an offer or solicitation of an offer to buy or sell the Company's stock. This press release is based upon information available to the public,
as well as other information from sources which management believes to be reliable, but it is not guaranteed by China Valves to be accurate, nor does China Valves purport it to be complete. Opinions expressed herein are those of management as of the
date of publication and are subject to change without notice.
For more information, please contact:
China Valves Technology, Inc.
Ray Chen, VP of Investor Relations
Phone: +1-650-281-8375 +86-13925279478
Email: raychen@cvalve.net
Web: http://www.cvalve.com
CCG Investor Relations
Linda Salo, Sr. Financial Writer
Phone: +1 646-922-0894
Email: linda.salo@ccgir.com
Crocker Coulson, President
Phone: +1-646-213-1915
Email: crocker.coulson@ccgir.com
Web: http://www.ccgirasia.com

text: China Valves Technology, Inc.

text: China Valves Technology, Inc.

text: Able Delight (Changsha) Valve Co.

text: China Valves Technology, Inc.

text: Able Delight (Changsha) Valve Co., Ltd.

text: Able Delight

text: Able Delight

text: Able Delight

text: Able Delight

text: Able Delight

text: Able Delight

text: Able Delight

text: Able Delight

text: Able Delight

text: Siping Fang

text: Able Delight

text: Able Delight

text: China Valves Technology, Inc.

text: China Valves Technology, Inc.

text:
Able Delight (Changsha) Valve
Co., Ltd.

text: Able Delight

text: China Valves Technology, Inc.

text: Ray Chen

text: Crocker Coulson


text:
EX-99.1
2
d769970dex991.htm
EX-99.1
EX-99.1
Exhibit 99.1
NEWS RELEASE
Devon
Energy Completes Sale of Canadian Business
OKLAHOMA CITY - June
27, 2019
- Devon Energy Corp. (NYSE: DVN) today
announced that it has completed the sale of its Canadian business to Canadian Natural Resources Limited for CAD $3.8 billion, or USD $2.8 billion. Devon received net proceeds of USD $2.5 billion, after adjusting for purchase price
adjustments and estimated taxes associated with the sale. The company plans to repatriate the net sales proceeds along with Canadian cash balances of approximately USD $500 million to the U.S. to repay debt.
To complete the company's transformation to a high-return U.S. oil growth business, Devon continues to advance the divestiture process for its Barnett
Shale gas assets in north Texas. The Barnett assets are currently being marketed and the company expects to exit the assets by the end of 2019.
Forward-Looking Statements
This press release
contains forward-looking statements within the meaning of the federal securities laws. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the company. These risks include, but are
not limited to: the amount of net proceeds and other cash ultimately repatriated, and the ultimate use of such cash; changes in commodity prices, market conditions or other circumstances that could negatively impact the company's ability to
complete the anticipated debt repurchase; our ability to successfully exit the Barnett assets and the timing of any such transaction; and the other risks identified in the Company's Annual Report on Form
10-K
and its other filings with the Securities and Exchange Commission (SEC). Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments
may differ materially from those projected in the forward-looking statements. The forward-looking statements in this press release are made as of the date hereof, and the company does not undertake any obligation to update the forward-looking
statements as a result of new information, future events or otherwise.
About Devon Energy
Devon Energy is a leading independent energy company engaged in finding and producing oil and natural gas. Based in Oklahoma City and included in the S&P
500, Devon operates in several of the most prolific oil and natural gas plays in the U.S. with an emphasis on achieving strong returns and capital-efficient cash-flow growth. For more information, please visit
www.devonenergy.com
.
Investor Contacts
Scott Coody,
405-552-4735
Chris Carr,
405-228-2496
Media Contact
John Porretto,
405-228-7506

text:
Devon
Energy

text: Devon Energy Corp.

text: Canadian Natural Resources Limited

text: Devon Energy

text: Devon Energy


text:
EX-99.4
5
turv20121102exh994.htm
DIONISIO SECOND AMENDMENT
turv20121102exh994.htm
Exhibit 99.4
Second Amendment to the Master Agreement
This is a Second Amendment (the "Second Amendment") to that certain Master Agreement dated the 12th day of April, 2012 (the "Effective Date") and the First Amendment to Master Agreement (collectively the "Agreement"), both of which are executed by and among R&S Dionisio Real Estate and Equipment, LLC, a Colorado limited liability company ("R&S"), Dionisio Produce & Farms, LLC, a Colorado limited liability company ("DPF") and Russell L. Dionisio ("Dionisio") on the one hand and hereinafter referred to collectively as "Seller" and Two Rivers Farms, LLC, a Colorado limited liability company (hereinafter "Buyer" or "TRF"), a wholly-owned entity of Two Rivers Water Company, a Colorado corporation ("TRWC"), on the other hand.
Seller and Buyer are individually referred to hereinafter as a "Party" and collectively as the "Parties." Capitalized terms used herein if not separately defined in this Second Amendment shall have the meanings set forth in the Agreement. To the extent of any inconsistencies between the terms of this Second Amendment and the Agreement, the terms of this Second Amendment shall control.
Recital
Buyer anticipates obtaining financing for the First Phase of the transactions contemplated in the Agreement earlier than expected. In order to procure favorable financing for the First Phase, the Lender requires that Buyer form a new limited liability company to take title to the Land, Water Rights, and other property set forth in the Agreement.
Agreement
In consideration of the foregoing Recital which is incorporated herein by this reference and the covenants contained herein, the Parties agree as follows:
1.
"TR Bessemer, LLC" shall replace "Two Rivers Farms, LLC" as the Buyer as that term is utilized throughout the Agreement.
2.
The parties shall endeavor to close on the First Phase, as that term is defined in the First Amendment, on or before June 30, 2012.
3.
Section III of the Master Agreement entitled "Purchase of Water Rights" shall be amended as follows:
Purchase of Water Rights
. R&S shall sell to Buyer all of R&S's right, title and interest in and to the Water Rights associated with the Land which are represented by share certificates in the Bessemer Ditch Company (hereinafter "Bessemer"). More specifically, ownership of the above-referenced Land purchased by Buyer comes with ownership of 146.4 shares in the Bessemer which shall be transferred to Buyer at Closing, in the form and manner customary for the transfer of Bessemer shares. Seller agrees to cooperate and execute all necessary documentation for the transfer of said shares upon Closing or within three (3) days following Closing. Seller represents and warrants that the 146.4 Bessemer share certificates are unencumbered except by the Bank's current Senior Deeds of Trust which shall be released upon Closing.
4.
That portion of Sections 7.1 of Exhibit C1 and Exhibit C2 to the Master Agreement dealing with the title commitment insuring over the standard exceptions shall be amended to reflect the following: "The title insurance commitment shall not commit to delete or insure over the standard exceptions which relate to: parties in possession, (2) unrecorded easements, (3) survey matters, (4) unrecorded mechanics' liens, (5) gap period (effective date of commitment to date deed is recorded), and (6) unpaid taxes, assessments and unredeemed tax sales prior to the year of Closing." All other portions of Section 7.1 of Exhibit C1 and Exhibit C2 to the Master Agreement shall remain unchanged.
5.
The First Phase of the Transaction shall also include Buyer's assumption of the leases in effect at the time of execution of this Second Amendment wherein Seller leases farmland from third party lessors (the "Third Party Leases"). At the time of execution of this Second Amendment Seller leases farmland from the following individuals and entities: Brian Mater, Dana Mauro, Dan Nue, Lucille Wilson, Disanti Land & Cattle, Anita Trujillo, Vineland Investment, and Chuck Dionisio. Buyer shall assume the Third Party Leases and the Crops derived therefrom upon closing of the First Phase.
6.
Future Assurances. From and after closing on the First Phase, the Parties agree to execute and deliver such other and further documents and agreements as may be requested by a Party to more fully implement and document the intent of the Parties as set forth in this Second Amendment.
7.
Survival. Except as modified by this Second Amendment, all of the terms and conditions of the Agreement remain in full force and effect as currently stated therein and shall survive the closings of the First and Second Phases, if any.
SELLER:
R & S Dionisio Real Estate and Equipment, LLC, a Colorado limited liability company
By: /s/ Russ Dionisio
Title: Managing Member
Dionisio Produce & Farms, LLC a Colorado limited liability company
By: Russ Dionisio
Title: Managing Member
BUYER:
TR Bessemer, LLC
By: /s/ Wayne Harding
Title: Manager
TRWC, INC.
,
a Colorado corporation d/b/a
Two Rivers Water Company
By: /s/ Wayne Harding
Its: CFO

text: R&S Dionisio Real Estate

text: Equipment, LLC

text: Dionisio Produce & Farms, LLC

text: Russell L. Dionisio

text: Two Rivers Farms, LLC

text: Two Rivers Water Company

text: Two Rivers Farms, LLC

text: Equipment, LLC

text: Dionisio Produce & Farms, LLC

text: Two Rivers Water Company


text:
EX-99.1
4
v172772_ex99-1.htm
PENN VIRGINIA CORPORATION PRESS RELEASE DATED FEBRUARY 1, 2010.
Exhibit
99.1
Penn
Virginia Corporation
Three
Radnor Corporate Center, Suite 300, 100 Matsonford Road, Radnor, PA
19087
FOR
IMMEDIATE RELEASE
Contact:
James W.
Dean
Vice President, Corporate
Development
Ph: (610)
687-7531 Fax: (610) 687-3688
E-Mail:
invest@pennvirginia.com
PENN
VIRGINIA CORPORATION ANNOUNCES THE CLOSING OF ITS
GULF
COAST DIVESTITURE FOR $38.0 MILLION
PURCHASES
SELMA CHALK ASSETS FOR $6.0 MILLION
RADNOR, PA (BusinessWire) February 1,
2010 -
Penn Virginia Corporation (NYSE: PVA) announced today that it has
closed the previously announced sale to a private company of its Gulf Coast
assets in south Louisiana and south Texas for $38.0 million. In
addition, PVA purchased from the same private company oil and gas assets located
in the Gwinville Field in Jefferson Davis County, Mississippi for $6.0
million.
The
assets acquired in Mississippi, consisting of approximately 1,300 (925 net)
acres, are adjacent to PVA's Selma Chalk assets and have an estimated 10 gross
horizontal drilling locations. The acquired assets include estimated
proved reserves of 3.4 billion cubic feet of natural gas equivalent and
current net production of approximately 1.0 million cubic feet of natural gas
equivalent per day.
******
Penn
Virginia Corporation (NYSE: PVA) is an independent natural gas and oil company
focused on the exploration, acquisition, development and production of reserves
in onshore regions of the U.S., including East Texas, the Mid-Continent region,
Mississippi and the Appalachian Basin. PVA also owns approximately 51 percent of
Penn Virginia GP Holdings, L.P. (NYSE: PVG), the owner of the general partner
and the largest unit holder of Penn Virginia Resource Partners, L.P. (NYSE:
PVR), a manager of coal and natural resource properties and related assets and
the operator of a midstream natural gas gathering and processing
business.
Certain
statements contained herein that are not descriptions of historical facts are
"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. 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:
the volatility of commodity prices for natural gas, natural gas liquids
(NGLs) and crude oil; integrating and managing the newly acquired oil
and gas assets with PVA's existing oil and gas exploration and production
business; the extent to which the amount and quality of actual production of our
oil and natural gas differs from estimated proved reserves; the
availability and costs of required drilling rigs, production equipment and
materials; our ability to obtain adequate pipeline transportation capacity for
our oil and gas production; competition among producers in the oil and natural
gas industry generally; operating risks, including unanticipated geological
problems, incidental to our business; the occurrence of unusual weather or
operating conditions, including force majeure events; environmental risks
affecting the drilling and producing of oil and gas wells; the timing of receipt
of necessary governmental permits by us; accidents; changes in governmental
regulation or enforcement practices, especially with respect to environmental,
health and safety matters; risks and uncertainties relating to general
domestic and international economic conditions (including inflation, interest
rates and financial and credit markets) and political conditions (including the
impact of potential terrorist attacks); and the other risks set forth in our
Annual Report on Form 10-K for the fiscal year ended December 31,
2008.
Additional
information concerning these and other factors can be found in our press
releases and public periodic filings with the Securities and Exchange
Commission, including our Annual Report on Form 10-K for the year ended December
31, 2008. Many of the factors that will determine our future results
are beyond the ability of management to control or predict. Readers
should not place undue reliance on forward-looking statements, which reflect
management's views only as of the date hereof. We undertake no
obligation to revise or update any forward-looking statements, or to make any
other forward-looking statements, whether as a result of new information, future
events or otherwise.

text: PENN VIRGINIA CORPORATION

text:
Penn
Virginia Corporation

text:
James W.
Dean

text:
PENN
VIRGINIA CORPORATION

text: Penn Virginia Corporation

text: private company

text: private company

text:
Penn
Virginia Corporation


text:
EX-99.1
3
ex991pressrelease101117.htm
PRESS RELEASE
Exhibit
Exhibit 99.1
Columbia Property Trust Increases its Midtown South Presence with Two Chelsea Acquisitions
Acquires 245-249 West 17th Street and 218 West 18th Street from New York REIT
NEW YORK (Oct. 11, 2017) - Columbia Property Trust, Inc. (NYSE: CXP) announced today that it has purchased two fully leased Class-A office properties in New York's Chelsea submarket from New York REIT (NYRT) for $514 million. The acquisition encompasses 245-249 West 17th Street, two adjoining office buildings collectively comprising 281,294 square feet, and 218 West 18th Street, a 165,670-square-foot office building.
With this acquisition, Columbia's presence in New York has increased to seven Class-A properties comprising a total of 2.6 million square feet, which together represent 44 percent of Columbia's overall portfolio based on gross real estate assets.
"Our acquisition of these prime Midtown South buildings allows us to expand within New York, where we already held the largest concentration in our portfolio, and will further establish Columbia as a significant player in Manhattan's most dynamic office district", said Nelson Mills, Columbia's president and CEO. "We view these acquisitions, along with our recent share repurchases, as an excellent use of the capital raised from our non-core dispositions".
Jim Fleming, executive vice president and CFO, continued, "We believe these recent investments, along with significant embedded growth in our existing portfolio from recent leasing achievements, will allow us to deliver meaningful earnings growth over the next several quarters. Notably, our recent execution of a 119,000-square-foot renewal with DLA Piper at our Silicon Valley property last month addressed our largest imminent lease expiration risk, putting our portfolio at 95 percent leased overall, with very little near-term roll remaining".
Columbia's senior vice president in the Eastern region, Adam Popper, added, "Based on the leasing momentum we are experiencing at our nearby assets, particularly with our recent track record at 315 Park Avenue South, we remain very confident in the Midtown South and Chelsea submarkets. TAMI and financial services users alike continue to embrace these submarkets as one of the preferred destinations for tenants in NYC, with strong demand for assets like these that offer smaller floor plates, fully renovated interiors, and attractive amenities".
Twitter's New York headquarters fill most of the boutique buildings on 17th Street, which include a six-story western tower and 12-story eastern tower that also includes one of the largest showrooms of the high-end modern furniture chain Room & Board. The nearby 12-story building on 18th Street houses the New York City headquarters of beverage and lifestyle company Red Bull, along with several other office tenants.
This acquisition does not involve Columbia's recently initiated joint venture with Allianz Real Estate.
About Columbia Property Trust
Columbia Property Trust (NYSE: CXP) owns and operates Class-A office buildings concentrated in high-barrier-to-entry, gateway markets. Its portfolio includes 19 operating properties containing over nine million square feet, primarily located in New York, San Francisco, and Washington, D.C. Columbia carries an investment-grade rating from both Moody's and Standard & Poor's. For more information, please visit www.columbia.reit.
Forward-Looking Statements:
Certain statements contained in this press release other than historical facts may be considered 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. We intend for all such forward-looking statements to be covered by the applicable safe harbor provisions for forward-looking statements contained in those acts. Such statements include, in particular, statements about our share repurchase program and are subject to certain risks and uncertainties, including known and unknown risks, which could cause actual results to differ materially from those projected or anticipated. Therefore, such statements are not intended to be a guarantee of our performance in future periods. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as "may", "will", "expect", "intend", "anticipate", "estimate", "believe", "continue", or other similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. We make no representations or warranties (express or implied) about the accuracy of any such forward-looking statements contained in this press release, and we do not intend to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
Any such forward-looking statements are subject to risks, uncertainties, and other factors and are based on a number of assumptions involving judgments with respect to, among other things, future economic, competitive, and market conditions, all of which are difficult or impossible to predict accurately. To the extent that our assumptions differ from actual conditions, our ability to accurately anticipate results expressed in such forward-looking statements, including our ability to generate positive cash flow from operations, make distributions to stockholders, and maintain the value of our real estate properties, may be significantly hindered. See Item 1A in the Company's most recently filed Annual Report on Form 10-K for the year ended December 31, 2016, for a discussion of some of the risks and uncertainties that could cause actual results to differ materially from those presented in our forward-looking statements. The risk factors described in our Annual Report are not the only ones we face, but do represent those risks and uncertainties that we believe are material to us. Additional risks and uncertainties not currently known to us or that we currently deem immaterial may also harm our business.
Media Contact:
Investor Relations:
Bud Perrone
Matt Stover
T 212 843 8068
T 404-465-2227
E bperrone@rubenstein.com
E IR@columbiapropertytrust.com

text: Columbia Property Trust

text: New York REIT

text: Columbia Property Trust, Inc.

text: New York REIT

text: Columbia Property Trust

text: Columbia Property Trust