text:
EX-99.1
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v089198_ex99-1.htm
xxx
SORL
Purchases Land and Manufacturing Plant
to
Resolve Production Capacity Bottleneck
RUIAN
CITY, Zhejiang Province, China, October 1, 2007 - SORL Auto Parts, Inc.
(NasdaqGM: SORL) ("SORL" or the "Company"), a leading manufacturer and
distributor of automotive air brake valves and related components in China,
today announced that, through its subsidiary, Ruili Group Ruian Auto Parts
Co.
Ltd., it has purchased land rights, a manufacturing plant and office building
with a total floor area of 66,177.91 square meters, or 712,333 square feet,
from
Ruili Group Co. Ltd. ("Ruili"), for 152 million yuan (US$20 million). The
Company currently leases from Ruili and occupies approximately 50 percent of
this production facility. Ruili will vacate the rest of the facility by the
end
of October. The appraisal of the assets was conducted by the leading independent
appraiser, DTZ Debenham Tie Leung Ltd., and total asset value was appraised
at
154 million yuan (US$20.3 million). As a result of this transaction, the
acquired capacity expansion is expected to meet the Company's growth demands for
the next 2 to 3 years.
The
purchase price will be paid by the Company by transferring to Ruili its $9
million investment in an existing project that includes a
new-facility-in-progress and prepayment of land use rights, with the balance
of
$11 million to be paid by the end of October 2007 from the Company's existing
bank credit line.
"In
order
to solve the current production capacity bottleneck and meet the fast growing
demand for our products in the domestic OEM, aftermarket and international
markets, we have decided to purchase Ruili Group's existing facility and scale
up our capacity quickly to capture the market opportunity", said Xiaoping Zhang,
CEO of SORL. "Completing the new facility under construction would have delayed
our capacity expansion until late 2008 and hindered our near-term growth. The
Chinese commercial vehicle market has experienced significant growth this year
and especially for heavy trucks. We are benefiting from the growth of commercial
activity in China as well as robust government spending on infrastructure
buildout and the maturing of the domestic logistic industry. We see very
favorable market conditions for commercial vehicle auto parts. The land use
rights and facilities purchased will add to our production starting in the
late
fourth quarter of 2007, expanding our capacity for continued growth and to
enhance shareholder value".
About
SORL Auto Parts, Inc.
As
China's leading manufacturer and distributor of automotive air brake valves,
SORL Auto Parts, Inc. ranks first in market share in the segment for commercial
vehicles weighing more than three tons, such as trucks and buses. The Company
distributes products both within China and internationally under the SORL
trademark. SORL ranks among the top 100 auto component suppliers in China,
with
a product range that includes 40 types of air brake valves and over 800
different specifications. The Company has three authorized international sales
centers in Australia, United Arab Emirates, and the United States, with
additional offices slated to open in other locations in the near future. For
more information, please visit www.sorl.cn.
About
DTZ
DTZ
is
one of the "big four" global real estate advisers operating across Europe,
Middle East and Africa (EMEA), Asia Pacific and the Americas. With a team of
over 11,000 property professionals within its system operating across 140 cities
in 45 countries, DTZ works with clients to provide innovative real estate,
capital markets and business solutions worldwide. DTZ Holdings plc, which is
the
largest shareholder in the DTZ operations, is a publicly quoted company, listed
on the London Stock Exchange since 1987. For more information, please visit
www.dtz.com.
Safe
Harbor Statement
This
press release contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Such statements include,
among
others, those concerning our estimated sales and expected expansion of our
production capacity as well as all assumptions, expectations, predictions,
intentions or beliefs about future events. You are cautioned that any such
forward-looking statements are not guarantees of future performance and that
a
number of risks and uncertainties could cause actual results of the Company
to
differ materially from those anticipated, expressed or implied in the
forward-looking statements. The words "believe", "expect", "anticipate,"
"project", "targets", "optimistic", "intend", "aim", "will" or similar
expressions are intended to identify forward-looking statements. All statements
other than statements of historical fact are statements that could be deemed
forward-looking statements. Risks and uncertainties that could cause actual
results to differ materially from those anticipated include risks related to
new
and existing products, product defects and any related product recall; any
projections of sales, earnings, revenue, margins or other financial items;
any
statements of the plans, strategies and objectives of management for future
operations; any statements regarding future economic conditions or performance;
uncertainties related to conducting business in China; any statements of belief
or intention; any of the factors and risks mentioned in the "Risk Factors"
section of our Annual Report on Form 10-K for the year ended December 31, 2006
and any subsequent SEC filings. The Company assumes no obligation and does
not
intend to update any forward-looking statements, except as required by
law.
For
further information, please contact:
Richard
(Weihai) Cai
Investor
Relations Manager
86-577-6581-7721
richardcai@sorl.com.cn
Kevin
Theiss
Investor
Relations
The
Global Consulting Group
Tel:
+1-646-284-9409
Email:
ktheiss@hfgcg.com

text: SORL

text: SORL Auto Parts, Inc.

text: SORL

text: SORL

text: Ruili Group Co. Ltd.

text: Xiaoping Zhang

text: SORL

text: SORL Auto Parts, Inc.

text: SORL Auto Parts, Inc.

text: SORL

text: SORL


dataset: buster

text:
EX-99.1
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e62044507ex99_1.htm
EXHIBIT 99.1
e62044507ex99_1.htm
Exhibit 99.1
MIAMI, Aug. 21, 2012 /PRNewswire/ -- Benihana Inc. (previously traded as NASDAQ: BNHN) ("Benihana" or the "Company"), operator of the nation's largest chain of Japanese theme and sushi restaurants, today announced the completion of its acquisition by funds advised by the Private Equity Group of Angelo, Gordon & Co. ("Angelo Gordon"). Earlier today, Benihana's public company stockholders met and overwhelmingly approved the transaction. Each outstanding share of Benihana common stock was acquired for $16.30 per share in cash, valuing the acquisition at approximately $295 million. The Company is now a privately-held company and will no longer be listed on the NASDAQ national market.
Richard Stockinger, Benihana's President and Chief Executive Officer, said, "We are extremely pleased that our stockholders approved the acquisition at a compelling cash price per share. The Benihana management team is excited to have access to the substantial resources of Angelo Gordon as we work to build on the recent successes of our three brands. We are energized by our plans to accelerate new unit growth, enabling us to take the outstanding food and unique dining experience of our Benihana Teppanyaki, RA Sushi and Haru concepts to more and more guests".
"The iconic nature of the Benihana brand and the excellent positioning of RA Sushi and Haru in the expanding Japanese cuisine and sushi categories are what interested us in the Company", said Richard Leonard, a Managing Director at Angelo Gordon. "Richard Stockinger and the management team have led an impressive turnaround in all areas of the Company in the last three years, and we believe the brands are now well prepared for substantial unit growth. We hope that developers across the country will consider the drawing power of the new prototype Benihana restaurant or the key demographic appeal of the vibrant RA Sushi environment. We also expect that the modern Japanese cuisine and urban-centric atmosphere of Haru has growth potential in major metropolitan markets outside of its current footprint in New York City and Boston".
About Benihana
Headquartered in Miami, Benihana is the nation's leading operator of Japanese theme and sushi restaurants with 95 restaurants nationwide, including 62 Benihana restaurants, 25 RA Sushi restaurants and eight Haru sushi restaurants. In addition, 16 franchised Benihana restaurants are operating in the United States, Latin America and the Caribbean. To learn more about Benihana and its three restaurant concepts, please view the corporate video at http://www.benihana.com/about/video.
About Angelo Gordon
Angelo, Gordon & Co. L.P. is a privately held limited partnership founded in November 1988, and currently manages approximately $24 billion. The Firm's investment focus centers around three core competencies - credit, real estate and private equity - and manages capital across five principal areas: (i) distressed debt and leveraged loans, (ii) real estate equity and debt, (iii) residential and commercial mortgage-backed and asset-backed securities, (iv) private equity, and (v) multi-strategy. Angelo Gordon has over 260 employees (100 of whom are investment professionals) and is headquartered in New York, with associated offices in Chicago, Los Angeles, Washington, D.C., London, Amsterdam, Hong Kong, Seoul, Shanghai, Tokyo and Sydney. For more information, visit www.angelogordon.com.
CONTACT:
Jeremy Fielding
Kekst and Company
(212) 521 4800

label: organization

text: Benihana Inc.

label: fund

text: Angelo, Gordon & Co.

override: fund

text: Angelo, Gordon & Co.

source_dataset: expertai/BUSTER

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


text:
EX-99.1
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a15-21587_1ex99d1.htm
EX-99.1
Exhibit 99.1
GTT Completes Acquisition of One Source Networks
Accelerates growth and extends global network
Expands service portfolio and multinational client base
McLean, VA, October 22, 2015
- GTT Communications, Inc. (NYSE: GTT), a leading global cloud networking provider to multinational clients, announced today the completion of the acquisition of One Source Networks (OSN), a provider of global data, Internet, Session Initiation Protocol (SIP) trunking and managed services to Fortune 1000 companies. GTT paid $175 million for the acquisition, including approximately $164 million in cash and $11 million in GTT stock, plus approximately $5 million in cash for an estimated working capital surplus as of the closing date.
"The addition of One Source Networks accelerates our growth strategy by bringing established relationships with multinational enterprises, broadening our portfolio of cloud networking services and expanding our global network", said Rick Calder, GTT President and CEO. "GTT adds a growing recurring revenue base, a talented sales force, Points-of-Presence (PoPs) in Sydney and Bogotá and voice over Internet Protocol (VoIP) services, including SIP trunking and hosted PBX".
GTT funded the acquisition and refinancing of its existing debt with a new credit facility, which was successfully completed this week. The new credit facility consists of a seven-year $400 million Term Loan B, priced at LIBOR + 525bps with a 1% LIBOR floor, as well as a five-year $50 million revolving line of credit. The term loan was issued at a price of 98.0, and requires mandatory principal amortization of 1% per year until maturity.
GTT engaged KeyBank National Association and SunTrust Robinson Humphrey to provide committed financing for the transaction and lead the syndication process. Q Advisors LLC acted as financial advisor to One Source Networks.
About GTT
GTT's global Tier1 IP network enables clients to connect to any location in the world and with any application in the cloud. Our cloud networking services provide a better way for multinational clients to reach the cloud. Clients trust us to deliver secure solutions with simplicity, speed and agility.
For more information, visit
www.gtt.net
.
GTT Investor Relations Contact:
GTT Media Inquiries:
Jody Burfening/Carolyn Capaccio, LHA
Ann Rote
+1.212.838.3777
+1.703.677.9941
ccapaccio@lhai.com
ann.rote@gtt.net

text: GTT

text: One Source Networks

text: GTT Communications, Inc.

text: GTT

text: One Source Networks

text: GTT

text: GTT

text: One Source Networks

text: GTT

text: GTT

text: GTT

text: GTT

text: KeyBank National Association

text: SunTrust Robinson Humphrey

text: Q Advisors LLC

text: One Source Networks

text: GTT

text: GTT

text: GTT

text: GTT


text:
EX-99.1
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a51892910ex99_1.htm
EXHIBIT 99.1
Exhibit 99.1
The First
Bancshares, Inc. Completes Acquisition of FMB Banking Corporation
HATTIESBURG, Miss.--(BUSINESS WIRE)--November 1, 2018--The First
Bancshares, Inc. (NASDAQ: FBMS) ("First Bancshares" or the "Company"),
the holding company for The First, A National Banking Association ("The
First"), announced today that it has completed its acquisition of FMB
Banking Corporation ("FMB"). Following completion of the acquisition,
FMB's subsidiary bank, Farmers & Merchants Bank, was merged with The
First, with The First as the surviving bank. As a result of this
transaction, The First has expanded its footprint in the Florida
panhandle and entered into the southern Georgia market with the addition
of five branches across Jefferson and Leon counties in Florida and one
branch Thomas County in Georgia.
Pursuant to the terms of the merger agreement with FMB, each FMB
shareholder will receive either $204.70 in cash or 5.6391 shares of
First Bancshares' common stock in exchange for each share of FMB common
stock held prior to the merger, subject to customary pro-ration and
reallocation procedures, which will ensure that 80% of FMB shares will
receive the stock consideration and 20% will receive the cash
consideration.
M. Ray "Hoppy" Cole, President & Chief Executive Officer, commented, "We
are thrilled to be joining forces with FMB and are excited about what we
can accomplish together.
We are focused on expanding our market share in central Florida and
south Georgia. FBMS offers not only the financial assets associated with
a well-run financial institution, but will also provide a strong team of
proven local bankers.
FMB bankers are trusted partners to their clients and are closely tied
to the local communities. These attributes align perfectly with our
business model at The First, and will help further our goal of building
a high performing, customer oriented community bank in the gulf south
region."
As a result of the merger, the combined Company now has approximately
$3.0 billion in total assets, $2.5 billion in total deposits and $2.0
billion in total loans. The First also now has 67 locations across
Mississippi, Louisiana, Alabama, Florida and Georgia.
About The First Bancshares, Inc.
The First Bancshares, Inc., headquartered in Hattiesburg, Mississippi,
is the parent company of The First, A National Banking Association.
Founded in 1996, the First has operations in Mississippi, Louisiana,
Alabama, Florida and Georgia. The Company's stock is traded on the
NASDAQ Global Market under the symbol FBMS. Additional information is
available on the Company's website:
www.thefirstbank.com
.
Forward-Looking Statements
This news release contains "forward-looking statements" within the
meaning of and subject to the safe harbor protections of the Private
Securities Litigation Reform Act of 1995. In general, forward-looking
statements usually use words such as "may", "believe", "expect,"
"anticipate", "intend", "will", "should", "plan", "estimate", "predict,"
"continue" and "potential" or the negative of these terms or other
comparable terminology, including statements related to the expected
returns and other benefits of the merger to shareholders.
Forward-looking statements represent management's beliefs, based upon
information available at the time the statements are made, with regard
to the matters addressed; they are not guarantees of future performance,
nor should they be relied upon as representing management's views as of
any subsequent date. Forward-looking statements are subject to numerous
assumptions, risks and uncertainties that change over time and could
cause actual results or financial condition to differ materially from
those expressed in or implied by such statements.
Factors that could cause or contribute to such differences include, but
are not limited to (1) the risk that the cost savings and any revenue
synergies from the merger may not be realized or take longer than
anticipated to be realized, (2) disruption from the merger with
customers, suppliers, employee or other business partners relationships,
(3) the risk of successful integration of FMB's business into the
Company, (4) the amount of the costs, fees, expenses and charges related
to the merger, (5) reputational risk and the reaction of each of the
companies' customers, suppliers, employees or other business partners to
the merger, (6) the risk that the integration of FMB's operations into
the operations of the Company will be materially delayed or will be more
costly or difficult than expected, (7) the possibility that the merger
may be more expensive to complete than anticipated, including as a
result of unexpected factors or events, (8) the dilution caused by the
Company's issuance of additional shares of its common stock in the
merger transaction, and (9) general competitive, economic, political and
market conditions. Additional factors which could affect the
forward-looking statements can be found in the cautionary language
included under the headings "Management's Discussion and Analysis of
Financial Condition and Results of Operations" and "Risk Factors" in the
Company's Annual Reports on Form 10-K for the year ended December 31,
2017, and other documents subsequently filed by the Company with the
SEC. Consequently, no forward-looking statement can be guaranteed. The
Company expressly disclaims any obligation to update any factors or to
announce publicly the result of revisions to any of the forward-looking
statements included herein to reflect future events or developments.
CONTACT:
The First Bancshares, Inc.
M. Ray "Hoppy" Cole, Jr.,
601-268-8998
Chief Executive Officer
or
Dee Dee Lowery,
601-268-8998
Chief Financial Officer

text: Bancshares, Inc.

text: FMB Banking Corporation

text:
The First
Bancshares, Inc.

text:
FMB
Banking Corporation

text: The First Bancshares, Inc.

text: The First Bancshares, Inc.

text: The First Bancshares, Inc.


text:
EX-99.1
3
a07-22469_1ex99d1.htm
EX-99.1
Exhibit 99.1
Shea Development Corp. Announces Plan to
Increase Focus on Business Process Management Customers
Company withdraws Acufile 2 and Intelliplant from Market
DALLAS,
TX - August 17, 2007 -Shea Development Corp., (OTCBB:
SDLP
-
News
),
("Shea") an emerging leader in the business process management ("BPM") and
content delivery space, today announced that it will increase its focus on its
long term strategy in the on demand BPM space. The Company also announced it
will withdraw from the legacy utility applications business, discontinuing the
Acufile 2, and Intelliplant products.
"Over
the past few months, we have successfully completed two acquisitions to better
position the Company and execute our long term growth strategy. With a total
focus on our BPM solutions, we are able to deliver even greater value to our
enterprise customers and help them fulfill their mission critical business
needs", said Frank Wilde, chairman and chief executive officer of Shea
Development Corp.
Shea announced the acquisitions of Riptide and
Bravera in April 2007. Both companies extend Shea's capabilities in the rapidly
growing BPM market and add world-class customers to the combined company. Riptide has a strong track record of
delivering mission-critical, zero-defect solutions on custom,
mid-to-large-scale software systems for government and commercial
customers. With an on demand delivery
platform that is unique to the BPM industry, Bravera provides a robust suite of
BPM and content management solutions that deliver rapid deployments,
significant ROI and faster work flow capabilities.
All
customers currently operating under service agreements with Shea or Information
Intellect using Acufile, and Intelliplant will be supported by the company
until the end of the service contract period. This announcement does not affect
its customers who are utilizing the company's newly announced MeterMesh product
line or its Utiliprice customers.
About Shea Development Corp.
Shea develops BPM software solutions to integrate,
assemble and optimize available IT assets to drive business process
productivity, reliability and security. Shea is in the process of developing an
innovative, enterprise class business integration platform that incorporates
proven integration technologies with next generation capabilities into a
real-time, on-demand solution that delivers a unique combination of efficiency,
agility and control. Shea is an emerging leader in this industry and has a
commitment to deliver tangible business value to its customers. Shea serves
customers in the commercial and utility markets as well as federal government,
and civilian and military agencies through its subsidiaries, Information
Intellect, Inc., Bravera, Inc. and Riptide Software, Inc. and has offices
located in Marietta, Georgia, Reston, Virginia, Orlando, Florida and Fort
Worth, Texas.
FORWARD-LOOKING STATEMENTS:
This press release may contain forward-looking
statements that are intended to be subject to the safe harbor protection
provided by Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. These statements relate to future events or
future financial performance and involve known and unknown risks and
uncertainties that may cause actual results or performance to be materially
different from those indicated by any forward-looking statements. In some
cases, you can identify forward-looking statements by terminology such as "forecast,"
"may", "will", "could", "should", "anticipate", "expect", "plan", "believe", "potential"
or other similar words indicating future events or contingencies.
1
Some of the effects that could cause actual results
to differ from expectations are: a lack of Shea operating history; the
uncertainty of success of our acquisition strategy to grow the Company; uncertainty
of our ability to successfully integrate the acquired companies into Shea;
dependence upon the federal, state and local agencies and industries and
companies which experience volatility in funding budgets and sales cycles that
may be lengthy and unpredictable; uncertainty of product development and
acceptance; changes in the information technology spending trends; the
uncertainty that the combined companies' prospective sales pipeline will result
in final contracts; the potential changes in the buying decision makers during
a customer purchasing cycle; the complexities in scope and timing for
finalization of contracts; the fluctuations in product delivery schedules;
uncertainty of ability to compete effectively in a new market; the uncertainty
of profitability and cash flow of Shea; intellectual property rights and
dependence on key personnel; economic conditions; the continued impact of
threatened terrorist attacks, global instability and potential U.S. military
involvement; the competitive environment and other trends in the business
process automation and content delivery markets; the effects of inflation;
changes in laws and regulations; changes in the company's business plans;
interest rates and the availability of financing; liability, legal and other
claims asserted against the company; labor disputes; and the company's ability
to attract and retain qualified personnel.
For a discussion of these and other risk factors, see
the company's Current Report on Form 8-K filed on March 8, 2007 and its Quarterly
Report on Form 10-QSB for the three months and six months ended June 30, 2007.
All of the forward-looking statements are qualified in their entirety by
reference to the risk factors discussed therein. These risk factors may not be
exhaustive. Shea operates in a continually changing business environment, and
new risk factors emerge from time to time. Management cannot predict such new
risk factors, nor can it assess the impact, if any, of such new risk factors on
Shea's business or events described in any forward-looking statements. Shea
disclaims any obligation to publicly update or revise any forward-looking
statements after the date of this press release to conform them to actual
results.
Contact:
Shea Development Corp
Rich Connelly, 469-954-9581
rich.connelly@bravera.com
or
The Blueshirt Group
Stacie Bosinoff, 415-217-7722
stacie@blueshirtgroup.com
Todd Friedman, 415-217-7722
todd@blueshirtgroup.com
2

text: Shea Development Corp.

text: Shea Development Corp.

text: Shea

label: person

text: Frank Wilde

text:
Shea
Development Corp.

text: Shea

text: Riptide

text: Bravera

text: Shea

text: Riptide

text: Bravera

text: Shea

text: Shea Development Corp.

text: Shea

text: Shea

text: Shea

text: Shea

text: Bravera

text: Riptide

text: Shea

text: Shea

text: Shea

text: Shea

text: Shea

text: Shea


text:
EX-99.1
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d303032dex991.htm
EX-99.1
EX-99.1
Exhibit 99.1
VISTA EQUITY PARTNERS COMPLETES ACQUISITION OF CVENT
TYSONS CORNER, Va. - November 29, 2016 -
Cvent, Inc. (NYSE: CVT), a leading cloud-based enterprise event management company, today
announced that it has been acquired by Vista Equity Partners ("Vista"), a leading private equity firm focused on investments in software, data, and technology-enabled businesses. The $1.65 billion transaction, originally announced
April 18, 2016, was completed on Tuesday, November 29, 2016. Cvent's shareholders approved the agreement on July 12, 2016. Following the transaction, Reggie Aggarwal will remain the Chief Executive Officer and President of Cvent.
Cvent will continue to operate as Cvent, Inc.
"We see tremendous value in the cloud-based solutions that Cvent delivers to its customers in
this largely untapped meeting and events industry", said Brian Sheth, co-Founder and President of Vista. "We are thrilled to welcome Cvent into the Vista portfolio of high-performing software companies and are excited to partner with
Reggie and his team as they continue to build upon the strong foundation they have already established".
"Cvent is extremely pleased to close
this transaction and believe that it is the right move for our customers, employees and investors", said Reggie Aggarwal, founder and Chief Executive Officer and President of Cvent. "We look forward to working with Vista to continue to
innovate the meetings and events technology space".
Cvent's common stock has ceased to be traded on NYSE on November 29, 2016.
Wilson Sonsini Goodrich & Rosati served as legal advisor to Cvent. Kirkland & Ellis LLP served as legal advisor to Vista.
About Cvent
Cvent, Inc. (NYSE: CVT) is a leading
cloud-based enterprise event management company, with over 16,000 customers and 2,000 employees worldwide. Cvent offers software solutions to event planners for online event registration, venue selection, event management, mobile apps for events,
email marketing, and web surveys. Cvent provides hoteliers with an integrated platform, enabling properties to increase group business demand through targeted advertising and improve conversion through proprietary demand management and business
intelligence solutions. Cvent solutions optimize the entire event management value chain and have enabled clients around the world to manage hundreds of thousands of meetings and events. For more information, please visit Cvent.com, or connect with
us on Facebook, Twitter or LinkedIn.
About Vista Equity Partners
Vista, a U.S.-based private equity firm with offices in San Francisco, Chicago and Austin with more than $26 billion in cumulative capital commitments,
currently invests in software, data and technology-based organizations led by world-class management teams with long-term perspective. Vista is a value-added investor, contributing professional expertise and multi-level support towards companies
realizing their full potential. Vista's investment approach is anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions, and proven management techniques that yield flexibility and opportunity in
private equity investing. For more information, please visit www.vistaequitypartners.com.
Cvent Investor Contact:
ICR
Garo Toomajanian, 703-226-3610
ir@cvent.com
Cvent Media Contact:
Sloane PR
Nevin Reilly, 212-446-1893
nreilly@sloanepr.com
Vista Equity Partners Contact:
Alan Fleischmann
Laurel Strategies, 202-413-4495
mstakelin@laurelstrategies.com

text: VISTA EQUITY PARTNERS

text: CVENT

text: Cvent, Inc.

text: Vista Equity Partners

text: Vista

text: Cvent

text: Reggie Aggarwal

text: Cvent

text: Cvent

text: Cvent, Inc.

text: Cvent

text: Vista

text: Cvent

text: Vista

text: Cvent

text: Reggie Aggarwal

text: Cvent

text: Vista

text: Cvent

text: Wilson Sonsini Goodrich & Rosati

text: Cvent

text: Kirkland & Ellis LLP

text: Vista

text: Cvent

text: Cvent, Inc.

text: Cvent

text: Cvent

text: Cvent

text: Vista

text: Vista

text: Vista

text: Vista

text: Cvent

text: Cvent

text: Vista


text:
EX-99.3
9
d212407dex993.htm
EX-99.3
EX-99.3
Exhibit 99.3
Spire Global Announces Completion of Merger with NavSight Holdings
Spire's Common Stock to Commence Trading on NYSE Under the Ticker "SPIR"
Combined Company to Continue Providing Space-Based Data Solutions and Space Services to Global Customers
Gross Proceeds to Spire totaled $265 million, combining funds held in NavSight Holdings' Trust and concurrent PIPE financing
VIENNA, VA. & RESTON, VA.-August 16, 2021 - (BUSINESS WIRE) - Spire Global, Inc. ("Spire" or the "Company") a
leading global provider of space-based data, analytics and space services, today announced it has completed its previously announced business combination with NavSight Holdings, Inc. (NYSE: NSH) ("NavSight") to take Spire public. The
combined company has been renamed "Spire Global, Inc." and its shares will commence trading on the New York Stock Exchange on August 17, 2021, under the ticker symbol "SPIR" for Spire common stock and "SPIRW" for
Spire warrants.
Upon closing, the combined company received approximately $265 million in gross proceeds, comprised of approximately
$20 million in cash held in trust by NavSight and the proceeds of a $245 million PIPE. NavSight's shareholders approved the transaction at a shareholder meeting on August 13, 2021.
"We are excited to embark on our next chapter as a public company, and to continue to inspire, lead, and develop the business of space-based data,"
said CEO Peter Platzer. "Building upon our fully deployed, proprietary satellite constellation and global infrastructure, we are focused on strengthening our ability to provide our customers with more data, faster, so that they can make better
informed decisions about their missions and businesses, as well as some of the most pressing issues facing humanity today, including climate change mitigation and adaptation".
As a public company, Spire's position as a leading space-powered data, analytics, and space services company, with one of the world's largest
constellation of multi-purpose satellites in low earth orbit (LEO), is further strengthened. CEO and
Co-Founder
Peter Platzer, along with the rest of the Spire management team will continue to lead the
company's operations. As part of the business combination, Jack Pearlstein, Chief Financial Officer of NavSight, will join Spire's board of directors.
"Jack and I are excited to support Peter and his team as Spire continues to execute on its strategic growth plan as a public company", said Bob
Coleman, Chairman and Chief Executive Officer of NavSight.
To memorialize the completion of the business combination, Spire will be ringing the opening
bell at the NYSE at 9:30 a.m. ET on August 17, 2021. A live stream of the event and replay can be accessed by visiting
https://www.nyse.com/bell
.
Advisors
BofA Securities acted as exclusive financial advisor to Spire. Credit Suisse acted as exclusive financial advisor and capital markets advisor to NavSight.
Credit Suisse acted as lead placement agent and BofA Securities also acted as placement agent in connection with the PIPE offering. Wilson Sonsini Goodrich & Rosati, P.C. served as legal advisor to Spire. Venable, LLP served as legal
advisor to NavSight. Shearman & Sterling, LLP served as legal advisor to Credit Suisse and BofA Securities.
About Spire Global, Inc.
Spire is a leading global provider of space-based data, analytics, and space services, offering access to unique datasets and powerful insights about Earth
from the ultimate vantage point so that organizations can make decisions with confidence, accuracy, and speed. Spire uses one of the world's largest multi-purpose satellite constellations to source hard to acquire, valuable data and enriches it
with predictive solutions. Spire then provides this data as a subscription to organizations around the world so they can improve business operations, decrease their environmental footprint, deploy resources for growth and competitive advantage, and
mitigate risk. Spire gives commercial and government organizations the competitive advantage they seek to innovate and solve some of the world's toughest problems with insights from space. Spire has offices in San Francisco, Boulder, Washington
DC, Glasgow, Luxembourg, and Singapore. To learn more, visit
http://www.spire.com
.
Forward-Looking Statements
The information in this press release includes "forward-looking statements" within the meaning of the federal securities laws. Forward-looking
statements may be identified by the use of words such as "estimate", "plan", "project", "forecast", "intend", "will", "expect", "anticipate", "believe,"
"seek", "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements
regarding the development of the business of space-based data, Spire's ability to provide its customers with faster and more data, Spire's future growth and its estimates and forecasts of financial and performance metrics, and proceeds to
the combined company. These statements are based on various assumptions and on the current expectations of Spire's management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes
only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and
will differ from assumptions. Many actual events and circumstances are beyond the control of Spire. These forward-looking statements are subject to a number of risks and uncertainties, including (i) the failure to realize the anticipated
benefits of the business combination; (ii) the effect of the closing of the business combination on Spire's business relationships, performance, and business generally; (iii) risks that the business combination disrupts current plans
of Spire and potential difficulties in Spire employee retention as a result of the business combination; (iv) the outcome of any legal proceedings that may be instituted against NavSight or Spire related to the business combination agreement or
the closing of the business combination; (v) the ability to maintain the listing of Spire's
securities on the New York Stock Exchange; (vi) the ability to address the market opportunity for
Space-as-a-Service;
(vii) the ability to implement business plans, forecasts, and other expectations after the completion of the business combination, and identify and realize additional
opportunities; (viii) the risk of downturns, new entrants and a changing regulatory landscape in the highly competitive space data analytics industry; and those factors discussed in the final prospectus/proxy statement/information statement
filed on July 22, 2021 under the heading "Risk Factors", and other documents of NavSight and Spire filed, or to be filed, with the SEC. If any of these risks materialize or Spire's assumptions prove incorrect, actual results
could differ materially from the results implied by these forward-looking statements. There may be additional risks that Spire presently knows or currently believes are immaterial that could also cause actual results to differ from those contained
in the forward-looking statements. In addition, forward-looking statements reflect Spire's expectations, plans or forecasts of future events and views as of the date of this press release. Spire anticipates that subsequent events and
developments will cause its assessments to change. However, while Spire may elect to update these forward-looking statements at some point in the future, Spire specifically disclaims any obligation to do so. These forward-looking statements should
not be relied upon as representing Spire's assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
Contact
Hillary Yaffe
Head of Communications
hillary.yaffe@spire.com

text: Spire Global

text: NavSight Holdings

text: NavSight Holdings

text: Spire Global, Inc.

text: NavSight Holdings, Inc.

text: Spire Global, Inc.

text: Jack Pearlstein

text:
Bob
Coleman

text: BofA Securities

text: Credit Suisse

text: Credit Suisse

text: BofA Securities

text: Wilson Sonsini Goodrich & Rosati, P.C.

text: Venable, LLP

text: Shearman & Sterling, LLP

text: Credit Suisse

text: BofA Securities

text: Spire Global, Inc.


text:
EX-99.1
2
v348845_ex99-1.htm
EX-99.1
FOR IMMEDIATE RELEASE
American Realty Capital Trust IV Closes
Acquisition of $528 million of Primarily Net Lease
Properties from GE Capital
These 377 Properties, Formerly Part of
the Trustreet Properties Portfolio, Signal the Final Phase in ARCT IV's Equity Capital Deployment
ARCT IV to Close the Remaining GE
Capital Portfolio Properties and Finalize a $2.3 Billion Portfolio during the Third Quarter
New York, New York, June 28, 2013
-
American Realty Capital Trust IV, Inc. ("ARCT IV" or the "Company") announced today that it has
closed on the acquisition of 377 primarily net lease retail properties as part of its previously announced portfolio
acquisition from certain affiliates of GE Capital. The GE Capital portfolio is part of the formerly publicly traded Trustreet
Properties, Inc. portfolio. The 377 properties were purchased for $528.2 million, exclusive of closing costs, and represent
significant progress toward the purchase of up to $1.45 billion of properties within the GE Capital portfolio and completion
of the Company's acquisitions. The tenants of the 377 properties are concentrated in the retail sector, including
high quality, nationally recognized quick service restaurant brands such as Kentucky Fried Chicken, Wendy's and
Pizza Hut.
ARCT IV intends to close the balance of the GE Capital
portfolio and complete substantially all of the remainder of its property purchases during the third quarter. The balance of the GE
Capital portfolio will be purchased for up to $920 million, exclusive of closing costs, accounting for a
substantial component of the Company's expected $2.3 billion portfolio. The remainder of ARCT IV's acquisitions
will be made using existing proceeds from its equity raise and low cost debt available to the Company from its recently
announced credit facility, as necessary.
Nicholas S. Schorsch, Chief Executive Officer and Chairman of
ARCT IV commented, "This acquisition is important for several reasons. First, it positions the Company, with substantial
capital having been invested, to pursue its strategic liquidity options immediately, in a market that has proved very receptive
for net lease REITs. Second, it further diversifies our property portfolio with a continuing focus on well-branded retail locations
that provide essential goods and services. Third, it is testimony to the hard work and dedication of our acquisitions team, who
thoroughly evaluated 377 properties in only three weeks. We expect to close the remainder of the GE Capital portfolio, formerly
part of Trustreet Properties, during the third quarter of 2013. We have constructed one of the best-in-class, lowest leveraged,
long-duration, retail focused net lease portfolios in the REIT industry. We expect that these attributes will translate into value
for our shareholders".
About the Company
ARCT IV is a publicly registered, non-traded
real estate investment trust ("REIT") that qualified as a REIT for tax purposes for the taxable year ended December
31, 2012. Additional information about ARCT IV can be found on its website at
www.arct-4.com
.
Important Notice
The statements in this press release that
are not historical facts may be forward-looking statements. These forward-looking statements involve risks and uncertainties that
could cause the outcome to be materially different. In addition, words such as "anticipate", "believe,"
"expect" and "intend" indicate a forward-looking statement, although not all forward-looking statements
include these words.
Contacts
From: Anthony J. DeFazio
For: Brian S. Block, EVP & CFO
Diccicco Battista Communications
American Realty Capital Trust IV, Inc.
tdefazio@ddcworks.com
bblock@arlcap.com
Ph: (484-342-3600)
Ph: (212-415-6500)

text: American Realty Capital Trust IV

override: organization

text: GE Capital

text:
GE
Capital

text: American Realty Capital Trust IV, Inc.

text: GE Capital

text: GE Capital

text: GE Capital

text: GE Capital

text:
GE
Capital

text: Nicholas S. Schorsch

text: GE Capital

text: American Realty Capital Trust IV, Inc.


text:
EX-99.1
3
a19-10976_1ex99d1.htm
EX-99.1
Exhibit 99.1
Protective Closes Reinsurance Transaction with Great-West
Birmingham, Ala. (June 3, 2019):
Protective Life Corporation (Protective), a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), announced today that its principal subsidiary, Protective Life Insurance Company (Protective Life), and Protective Life & Annuity Insurance Company, completed the transaction with Great-West Life & Annuity Insurance Company (GWL&A) to acquire via reinsurance substantially all of its individual life and annuity business. The transaction was announced on January 24, 2019.
The transaction is expected to represent a capital investment by Protective of approximately $1.2 billion and is the company's largest acquisition to date. The business being transferred, which has been marketed under the Great-West Financial brand, includes bank-owned and corporate-owned life insurance, single premium life insurance, individual annuities, and a portion of Great-West's closed block life insurance and annuities. GWL&A is retaining a block of participating policies, which will now be administered by Protective.
"We are proud to announce the closing of our 57th
acquisition", said Richard J. Bielen, Protective's President and Chief Executive Officer. "This is an exciting time in Protective's history. The addition of this seasoned, stable block of business diversifies our product mix, while providing strategic opportunities in the bank distribution channel and competitive positioning in new markets. We look forward to the opportunity to serve more customers".
This is the fourth acquisition completed since Protective became part of Dai-ichi in 2015. Dai-ichi considers Protective to be its North American growth platform and continues to aim for further expansion in the region, through both acquisitions and organic growth in Protective's retail sales.
Morgan Stanley & Co. LLC acted as financial advisor to Protective for the transaction and Willkie Farr & Gallagher LLP acted as legal counsel.
About Protective Life Corporation
Protective Life Corporation (Protective) provides financial services through the production, distribution and administration of insurance and investment products throughout the U.S. Protective traces its roots to its flagship company, Protective Life Insurance Company - founded in 1907. Throughout its more than 110-year history, Protective's growth and success can be largely attributed to its ongoing commitment to serving people and doing the right thing - for its employees, distributors, and most importantly, its customers. Protective's home office is located in Birmingham, Alabama, and its 3,000+ employees are located in offices across the United States. As of March 31, 2019, Protective had assets of approximately $92 billion. Protective Life Corporation is a wholly owned subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750). For more information about Protective, please visit www.Protective.com.
Media Contact:
Brittnie Bordonaro
Corporate Communications
(205) 268-8611
brittnie.bordonaro@protective.com

text: Protective

text: Great-West

text: Protective Life Corporation

text: Protective

text: Protective Life Insurance Company

text: Protective

text: Great-West

text: Great-West

text: Protective

text: Protective

text: Protective

text: Protective

text: Protective

text: Protective

text: Morgan Stanley & Co. LLC

text: Protective

text: Willkie Farr & Gallagher LLP

text: Protective Life Corporation

text: Protective Life Corporation

text: Protective

text: Protective

text: Protective Life Insurance Company

text: Protective

text: Protective

text: Protective

text: Protective Life Corporation

text: Protective


text:
EX-99.1
25
v100637_ex99-1.htm
NanoSensors,
Inc. Closes Acquisition of Cuchulainn Holdings in connection with Redirection
of
Operations
Thursday,
January 17, 2:00 pm ET
REDWOOD
CITY, Calif., January 17 -- NanoSensors, Inc. ("NanoSensors") (OTC Bulletin
Board: NNSR
-
News)
today
announced today that it has closed its acquisition of Cuchulainn Holdings,
Inc.,
a Panamanian company (Cuchulainn). On November 28, 2007, NanoSensors announced
that it had entered into a definitive merger agreement with Cuchulainn. This
agreement was subject to usual and customary conditions which have now been
satisfied or waived.
Cuchulainn
has been licensed technology and other intellectual property in order for it
to
operate an online-based video console game wagering service (the "Service"). The
Service enables gamers to compete against other gamers and place wagers on
the
outcomes of their games. The outcome of the game play will be determined
entirely upon the skill of the individual participant. The Service will cater
to
an international community of gamers that play video games and place wagers
online. In November 2007 Cuchulainn raised $620,000 (U.S.) in a private
placement to fund initial development and structuring costs. Prior to commencing
operation of the Service and making it available for public participation,
NanoSensors and Cuchulainn will need to raise additional capital to fund its
operation and marketing campaign.
At
the
time of closing, pursuant to the merger agreement, Cuchulainn merged with and
into a wholly-owned subsidiary of NanoSensors and became the wholly-owned
subsidiary of NanoSensors. In the merger, each outstanding share of Cuchulainn
will be exchanged for.000565 share of a new class of NanoSensors Series A
Convertible Preferred Stock which will vote on an "as converted" basis together
with issued and outstanding shares of NanoSensors Common Stock. Each Series
A
Preferred Share for voting purposes is equal to, and upon conversion will be
converted into, 199,604.068 shares of NanoSensors Common Stock. Cuchulainn
had
issued and outstanding 17,700,000 shares of common stock. As a result of the
merger, the former shareholders of Cuchulainn will own 82.55% of the voting
power of NanoSensors and current shareholders of NanoSensors own the remainder.
The shares of NanoSensors Preferred Stock are issued under an exemption from
registration under the Securities Act of 1933 and are restricted shares.
NanoSensors will use its reasonable efforts to grant registration rights to
the
Cuchulainn shareholders.
Two
shareholders and nominees of Cuchulainn, William Levy and Tom Hendren, will
join
the management team of NanoSensors and also will become directors of
NanoSensors. Robert A. Baron, currently chairman of the Board of Directors
and
Interim Chief Executive Officer of NanoSensors, will remain as a director.
Josh
Moser, the Company's Interim Chief Financial Officer, Vice President and Chief
Operating Officer will also continue to be an executive officer of the
NanoSensors.
Robert
Baron, Interim Chief Executive Officer of NanoSensors, Inc., said, "We are
extremely excited to finalize this transaction with Cuchulainn and are looking
forward to working with the Cuchulainn team as we roll out this exciting new
business. As we have stated previously, we will also be changing the name of
the
company from NanoSensors to one that is more associated to the chosen
go-to-market brand and Service".
Forward
Looking Statements
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 Act of
1934.
When used in this release, the words "believe", "anticipate", "think", "intend,"
"plan", "will be", "expect" and similar expressions identify such
forward-looking statements. Such statements regarding future events and/or
the
future financial performance of NanoSensors are subject to certain risks and
uncertainties, which could cause actual events or the actual future results
of
NanoSensors to differ materially from any forward-looking statement. Such risks
and uncertainties include, among other things, the availability of any needed
financing, NanoSensors' ability to implement its business plan for various
applications of its technologies, the impact of competition, the management
of
growth, and the other risks and uncertainties that may be detailed from time
to
time in NanoSensors' reports filed with the Securities and Exchange Commission.
In light of the significant risks and uncertainties inherent in the
forward-looking statements included herein, the inclusion of such statements
should not be regarded as a representation by NanoSensors or any other person
that the objectives and plans of NanoSensors will be achieved.
CONTACT
Robert
Baron
Interim
Chief Executive Officer
(650)
641-2349
rbaron@fuse.net
2

text:
NanoSensors,
Inc.

text: NanoSensors, Inc.

text:
Cuchulainn Holdings,
Inc.

text:
Josh
Moser

text: NanoSensors, Inc.

text:
Robert
Baron
Interim


text:
EX-99.1 CHARTER
3
gscp99-1.htm
PRESS RELEASE
gscp99-1.htm
Exhibit
99.1
Press
Release
Silver
Star Capital Holdings Acquires Green Street Capital Partners, Publisher of Green
Street Report
ORLANDO,
FL - (December 11, 2008) - Silver Star Capital Holdings Inc (OTC: SSTA) today
announced the completion of its acquisition of Green Street Capital Partners
("GSCP"), publisher of Green Street Report.
GSCP was
formed to assist environmentally friendly companies through the use of Green
Street Report, a quarterly print and online publication. The mission
of Green Street Report is to become the leading source of information for
investors seeking to invest in companies with innovative green, eco-friendly,
environmentally responsible polices, products and services. Each quarter Green
Street Report will be mailed - via controlled circulation - to 25,000 - 50,000
active investors and investment counselors.
Under the
terms of the transaction, GSCP members will receive 2 million shares of Silver
Star Capital Holdings restricted common stock. Phil Robertson, will continue to
serve as Manager and Editor-in-Chief of GSCP, which becomes a wholly owned
subsidiary of Silver Star Capital Holdings. Additional information about GSCP
can be found on the web at www.greenstreetreport.com
About
Silver Star Capital Holdings, Inc:
Silver
Star Capital Holdings, Inc. is an acquisition, holding and management services
company. Our business strategy involves the consolidation of a diversified
portfolio of companies engaged in eco-friendly and environmentally responsible
businesses which demonstrate the opportunity for sustainable high-margin growth.
We look for undervalued companies and take an active role in new subsidiaries to
enhance their growth. Additional information about Silver Star Capital Holdings
can be found on the Web at www.ssta1.com.
Safe
Harbor Statement:
The
statements contained in this document that are not statements of historical
fact, including, but not limited to, statements identified by the use of terms
such as "anticipate", "appear", "believe", "could", "estimate", "expect,"
"hope", "indicate", "intend", "likely", "may", "might", "plan", "potential,"
"project", "seek", "should", "will", "would", and other variations or negative
expressions of these terms, including all statements concerning the Company's
future expectations for the acquisition of GSCP, which include but not limited
to statements regarding expected future financial performance of the Company and
GSCP, including statements related to expected revenue and profits from or
related to such acquisition, as well as statements related to any and all other
potential benefits that the Company expects to result from the acquisition. All
such statements are "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995 and involve a number of risks
and uncertainties. The actual results of the future events described in the
forward-looking statements in this document could differ materially from those
stated in the forward-looking statements due to numerous factors. Recipients of
this document are cautioned to consider these risks and uncertainties and to not
place undue reliance on these forward-looking statements. The company expressly
disclaims any obligation or undertaking to update or revise any forward-looking
statement contained herein to reflect any change in the company's expectations
with regard thereto or any change in events, conditions or circumstances upon
which any statement is based.
Contact:
Silver
Star Capital Holdings, Inc.
Cliffe
Bodden
(407)
522-7201, Ext. 111
crb@ssta1.com

text: Star Capital Holdings

text: Green Street Capital Partners

text: Silver Star Capital Holdings Inc

text: Green Street Capital Partners


text:
EX-99.1
3
ex991curtfinal121919.htm
EX-99.1
Document
Exhibit 99.1
FOR IMMEDIATE RELEASE
Contact: Brian M. Hall, CFO
Phone: (574) 535-1125
E Mail: LCII@lci1.com
LIPPERT COMPONENTS COMPLETES ACQUISITION OF CURT GROUP
Elkhart, Indiana - December 19, 2019 - LCI Industries (NYSE: LCII) today announced that its wholly-owned subsidiary, Lippert Components, Inc. ("LCI"), a supplier of a broad array of highly engineered components for the leading original equipment manufacturers ("OEMs") in the recreation and transportation product markets, and the related aftermarkets of those industries, has completed the previously announced acquisition of CURT Group ("CURT") for approximately $340 million.
CURT, headquartered in Eau Claire, Wisconsin, is a leading manufacturer and distributor of branded towing products and truck accessories for the aftermarket. CURT maintains a robust product portfolio comprised of thousands of SKUs across various product lines, including hitches, towing electricals, ball mounts, and cargo management. CURT brands include CURT, Aries, Luverne, Retrac, and UWS.
LCI funded the purchase price through a combination of available cash, borrowings under its revolving credit facility, and an incremental term loan of $300 million under its amended credit agreement.
About LCI Industries
From over 85 manufacturing and distribution facilities located throughout North America and Europe, LCI Industries, through its wholly-owned subsidiary, LCI, supplies, domestically and internationally, a broad array of highly engineered components for the leading OEMs in the recreation and transportation product markets, consisting of recreational vehicles and adjacent industries, including buses; trailers used to haul boats, livestock, equipment, and other cargo; trucks; boats; trains; manufactured homes; and modular housing. The Company also supplies engineered components to the related aftermarkets of these industries primarily by selling to retail dealers, wholesale distributors, and service centers. LCI's products include steel chassis and related components; axles and suspension solutions; slide-out mechanisms and solutions; thermoformed bath, kitchen, and other products; vinyl, aluminum, and frameless windows; manual, electric, and hydraulic stabilizer and leveling systems; entry, luggage, patio, and ramp doors; furniture and mattresses; electric and manual entry steps; awnings and awning accessories; branded towing products; truck accessories, electronic components; appliances; televisions, sound systems, navigation systems, and backup cameras; and other accessories. Additional information about LCI and its products can be found at www.lci1.com.
###

text: Brian M. Hall

text: LIPPERT COMPONENTS

text: CURT GROUP

text: Lippert Components, Inc.

text: CURT Group


text:
EX-99.1
2
ex99_1.htm
EXHIBIT 99.1
Exhibit 99.1
For Immediate Release
LINCOLN EDUCATIONAL SERVICES COMPLETES REAL ESTATE SALE OF
DENVER AND GRAND PRAIRIE PROPERTIES SIGNIFICANTLY STRENGTHENING ITS BALANCE SHEET
Parsippany,
NJ - November 2, 2021 -
Lincoln Educational Services Corporation (NASDAQ: LINC), marking 75 years in 2021 as a national leader in specialized technical training, has completed the sale- and lease-back transactions of its Denver, CO and Grand Prairie, TX properties, for an aggregate sale price of $46.5 million.
Simultaneously, Lincoln entered into a 20-year triple-net lease agreement for each property, with renewal options. In connection with the sale, Lincoln anticipates recording a gain on sale of approximately $22 million in the fourth quarter of 2021. The transactions were initially announced in late September.
At closing, part of the proceeds were used to pay off Lincoln's outstanding term loan obligation of $16.8 million and to pay closing costs of approximately $1.2 million, resulting in net proceeds of $28.5 million available to fund growth initiatives, upgrade existing facilities, as well as other working capital needs.
All campus operations at the Colorado and Texas campuses, including all training programs, will continue without interruption and will not be affected by these transactions.
About Lincoln Educational Services Corporation
Lincoln Educational Services Corporation is a leading provider of diversified career-oriented post-secondary education. Lincoln offers recent high school graduates and working adults career-oriented programs in five principal areas of study: automotive technology, health sciences, skilled trades, business and information technology, and hospitality services. Lincoln has provided the workforce with skilled technicians since its inception in 1946.
Lincoln currently operates 22 campuses in 14 states under four brands: Lincoln Technical Institute, Lincoln College of Technology and Euphoria Institute of Beauty Arts and Sciences. Lincoln also operates Lincoln Culinary Institutes in both Maryland and Connecticut.
FORWARD-LOOKING STATEMENTS
Statements in this press release and in oral statements made from time to time by representatives of Lincoln Educational Services Corporation regarding Lincoln's business that are not historical facts, including those made in a conference call, may be "forward-looking statements" as that term is defined in the federal securities law. The words "may", "will", "expect", "believe", "anticipate", "project", "plan", "intend", "estimate", and "continue", and their opposites and similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on information available at the time those statements are made and/or management's good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements and, as such, should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by which, such performance or results will be achieved, if at all. All forward-looking statements are qualified in their entirety by this cautionary statement, and Lincoln undertakes no obligation to publicly revise or update any forward-looking statements, whether as a result of new information, future events or otherwise after the date hereof.
For more information, go to lincolntech.edu.
Contact Information:
Peter Tahinos
(973) 766-9656
Ptahinos@lincolntech.edu

text: LINCOLN EDUCATIONAL SERVICES


text:
EX-99.1
3
a06-22814_1ex99d1.htm
EX-99
EXHIBIT 99.1
Catalytica Energy Systems Announces
Sale of Diesel Fuel Processing Technology and Related Assets
TEMPE, AZ, Oct 26, 2006 (MARKET WIRE via COMTEX News
Network) - Catalytica Energy Systems, Inc. (NASDAQ: CESI) announced today that
it has completed a sale of its diesel fuel processing technology and associated
business assets to Eaton Corporation.
Under the terms of the Asset Purchase Agreement,
Catalytica Energy Systems received $2.4 million in gross cash proceeds from the
sale in exchange for the assignment and license of intellectual property
relating to its diesel fuel processing system and the transfer of certain
assets. In addition, Eaton paid the Company an additional $700,000 in
connection with the sale and related expenses. Also in connection with the
sale, Catalytica Energy Systems incurred total sales commissions and related
closing costs of approximately $300,000. Effective immediately, Eaton's Truck
Group is assuming the lease of Catalytica Energy Systems' Mountain View,
California research and development facility, and is hiring many of the
Company's California-based employees to complement its product development
activities.
This sale marks Catalytica Energy Systems' exit from
the diesel emissions control business, and further advances the Company's
initiatives to divest of certain businesses, assets and technologies, and
maintain financial viability by reducing costs.
Rob Zack, president and CEO of Catalytica Energy
Systems, stated, "Completing this sale further strengthens our balance sheet,
reduces significantly our cash consumption, mitigates our technology risk, and
positions us to become a stronger, self-sustaining company with our SCR
catalyst and management services business serving as a solid foundation for
growth. We concluded that the value of our diesel technology could be more
successfully harvested by an organization with greater financial resources,
integration and commercial experience in the diesel industry. This sale will
enable us to redeploy our resources on commercial opportunities yielding
greater near-term revenue streams and return on investment.
"Closing this sale also completes our transition over
the past year from a technology-focused research and development organization
to a customer-focused, commercial SCR services business. As a result of the
actions taken over the past year to restructure our operations and reduce
overhead, Catalytica Energy Systems has emerged on stable financial footing and
in a strong position to drive the business commercially, deliver improved
financial performance, achieve long-term sustainability, and positively impact
shareholder value. In addition to growing our SCR-Tech business, we will
continue to explore new opportunities and strategic transactions that could
further expand our portfolio of commercial product and service offerings and
generate increased value in the business".
In the first half of 2006, revenues from SCR catalyst
and management services grew to $3.9 million, a 325% increase over the first
half of 2005. SCR-Tech's solid backlog of firm orders totaling $3.8 million at
July 31, 2006, combined with an active sales pipeline, positions Catalytica
Energy Systems to meet its full-year target for revenues in the range of $6.0
to $7.0 million.
Catalytica Energy Systems provides innovative products
and services to meet the growing demand for clean energy production, with a
focus on cost-effective emissions control solutions for the coal-fired power
generation industry. Through its SCR-Tech subsidiary (www.SCR-Tech.com), the
Company offers a variety of services for coal-fired power plants that use
selective catalytic reduction (SCR) systems to reduce nitrogen oxides (NOx)
emissions. These services include SCR
catalyst management, cleaning and regeneration, as
well as consulting services to help power plant operators optimize efficiency
and reduce overall NOx compliance costs. Find Catalytica Energy Systems on the
Worldwide Web at www.CatalyticaEnergy.com.
This news release contains forward-looking statements
within the meaning of the Securities Exchange Act of 1934, as amended, and is
subject to the safe harbors created therein. These statements include, but are
not limited to, those regarding the effect of a sale of Catalytica Energy
Systems' diesel business assets on the Company's initiatives; the Company's
belief that divestiture of its diesel business assets and redeployment of its
capital and resources offer the greatest potential return on investment and
will enable the Company to maintain financial viability; the Company's beliefs
regarding the effect of the transaction on the Company's balance sheet, cash
consumption, technology risk profile and financial position; Catalytica Energy
Systems' beliefs that its SCR catalyst and management services business offers
a solid foundation for growth and that its restructuring activities strengthens
the Company's ability to drive the business commercially, deliver improved
financial performance, achieve long-term sustainability and positively impact
shareholder value; the potential for the Company to pursue future opportunities
and strategic transactions, and the effect of any such opportunities and
transactions on the value of the Company; the growing market opportunities for
SCR catalyst and management services and the Company's ability to secure new
order prospects; the Company's financial outlook, including the prospects for
revenue growth and the Company's ability to meet its 2006 revenue target. These
statements are subject to risks and uncertainties that could cause actual results
and events to differ materially from those expressed in the forward-looking
statements. These risks and uncertainties include, among others, the risks
associated with the development, generally, of the Company's overall strategic
objectives; the ability of the Company to strengthen its balance sheet, improve
sustainability, and build additional value in its business; possible
fluctuations in economic conditions affecting the markets for the Company's
products and services; the risk that a market may not develop or be maintained
for the Company's products and services; the existence of unanticipated
technical, commercial or other setbacks related to the Company's product and
service offerings that could result in termination of one or more of its customer
contracts; unanticipated events that could impact the Company's ability to
manage the SCR-Tech business; difficulties or delays in strengthening
SCR-Tech's sales and marketing activities or in executing SCR-Tech's business
strategy; changes in the environmental requirements relating to certain
emissions; the uncertainty of marketing, project development and installation
timelines and regulatory review outcomes; the possibility that the Company may
be unable to maintain current or develop future customer and strategic
relationships for its products and services, including with utility customers,
which could negatively and adversely impact our business or results of
operations; and the other risks set forth in the Company's most recent Form
10-K and subsequent Forms 10-QSB filed with the Securities and Exchange
Commission. The Company undertakes no obligation to update any forward-looking
statements to reflect new information, events, or circumstances occurring after
the date of this release.
CONTACT:
Megan Meloni
Investor Relations
(650) 631-2847
SOURCE: Catalytica
Energy Systems, Inc.

text: Catalytica Energy Systems

text: Catalytica Energy Systems, Inc.

text: Eaton Corporation

text: Catalytica Energy Systems

text: Catalytica Energy Systems

text: Catalytica Energy Systems

text: Catalytica Energy Systems

text: Rob Zack

text:
Catalytica Energy
Systems

text: Catalytica Energy Systems

text:
Catalytica
Energy Systems

text: Catalytica Energy Systems

text: Catalytica Energy Systems

text:
Catalytica Energy
Systems

text:
Catalytica Energy
Systems

text:
Catalytica
Energy Systems, Inc.


text:
EX-99.1
3
ex99_1.htm
EXHIBIT 99.1
Exhibit 99.1
CorEnergy Completes Acquisition of Grand Isle Gathering System
Expected to support 11% dividend increase in second half of 2015
FOR IMMEDIATE RELEASE
KANSAS CITY, Mo. - June 30, 2015 - CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA) ("CorEnergy or the "Company") today announced that it has closed its previously announced acquisition of 100% of the Grand Isle Gathering System (the "GIGS"), a subsea, midstream pipeline system in the Gulf of Mexico, from Energy XXI USA, Inc. ("EXXI"). An EXXI affiliate has entered into a long-term, triple-net lease to operate the GIGS system.
"We are delivering on our promise of a stable and growing dividend in an investor-friendly REIT structure", said David Schulte, Chief Executive Officer of CorEnergy. "Our operating lease represents long-term contracted revenue for CorEnergy, with potential upside through participating rents. The lease is underpinned by a critical pipeline serving large oil-producing fields on the Gulf of Mexico shelf. This asset brings CorEnergy's total assets to approximately $700 million, diversified across different geographies, commodities, and points on the energy value chain".
CorEnergy's Board of Directors has confirmed its intent to increase the annualized dividend rate from $0.54 per share to $0.60 per share beginning with the distribution for the third quarter of 2015.
"Energy XXI is pleased to finalize this agreement with CorEnergy and we look forward to a long partnership in the Gulf of Mexico. This transaction provides both parties with significant value to their stakeholders", Chairman, President, and Chief Executive Officer John Schiller said. "Under the agreement, Energy XXI will remain the operator of the GIGS system, and we will continue to operate the assets with the same high level of safety and integrity that we have since we purchased them in 2010".
The Grand Isle Gathering System
The GIGS includes 153 miles of undersea pipeline that transports oil and water primarily from six Energy XXI fields. Its 16-acre onshore terminal includes four storage tanks, a saltwater disposal facility with three injection wells, and associated pipelines, land, buildings and facilities. The GIGS system currently transports approximately 60,000 barrels/day (18,000 oil and 42,000 water) with total capacity of 120,000 barrels/day.
CorEnergy has leased the GIGS to an EXXI affiliate, which now continues to operate the system under a long-term, triple-net lease. GIGS volumes represented approximately 42% of EXXI's oil production for the fiscal year ended June 30, 2014. The primary term of the lease is 11 years, with an initial renewal term of nine years, subject to certain conditions.
Transaction Financing
CorEnergy acquired 100% of the GIGS system for a cash purchase price of $245 million and the assumption of asset retirement obligation ("ARO") liabilities of approximately $12.5 million, for a total consideration of $257.5 million.
The Company financed the acquisition with a combination of a follow-on common stock offering that generated $73.5 million net of underwriting discounts, a new issue of convertible debt that generated $111.3 million net of underwriting discounts, and approximately $42 million advanced under the
1100 Walnut, Suite 3350, Kansas City, MO 64106 | Main: 816-875-3705 | Fax: 816-875-5875 | corridortrust.com
Company's existing Senior Credit Facility. The remainder of the acquisition cost, approximately $20 million, was funded with cash on hand.
Regions Securities LLC acted as exclusive financial advisor to CorEnergy in connection with the acquisition. Husch Blackwell LLP represented the Company as lead counsel for the acquisition and leaseback.
About CorEnergy Infrastructure Trust, Inc.
CorEnergy is a real estate investment trust (REIT) that owns essential midstream and downstream energy assets, such as pipelines, storage terminals, and transmission and distribution assets. We seek long-term contracted revenue from operators of our assets, primarily under triple net participating leases. For more information, please visit corenergy.corridortrust.com
.
Forward-Looking Statements
This press release contains certain statements that may include "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. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although CorEnergy believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in CorEnergy's reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, CorEnergy does not assume a duty to update any forward-looking statement. In particular, any distribution paid in the future to our stockholders will depend on the actual performance of CorEnergy, its costs of leverage and other operating expenses and will be subject to the approval of CorEnergy's Board of Directors and compliance with leverage covenants.
Contact Information:
·
Debbie Hagen, Investor Relations, 877-699-CORR (2677), info@corridortrust.com

text: CorEnergy

text: Grand Isle Gathering System

text: CorEnergy Infrastructure Trust, Inc.

text: CorEnergy

text: Grand Isle Gathering System

text: GIGS

text: Energy XXI USA, Inc.

text: GIGS

text: David Schulte

text: CorEnergy

text: CorEnergy

text: CorEnergy

text: CorEnergy

text: CorEnergy

text: GIGS

text: Grand Isle Gathering System

text: GIGS

text: GIGS

text: CorEnergy

text: GIGS

text: GIGS

text: CorEnergy

text: GIGS

text: Regions Securities LLC

text: CorEnergy

text: Husch Blackwell LLP

text: CorEnergy Infrastructure Trust, Inc.

text: CorEnergy

text: CorEnergy

text: CorEnergy

text: CorEnergy

text: CorEnergy

text: CorEnergy


text:
EX-99.1
2
a14-9541_2ex99d1.htm
EX-99.1
Exhibit 99.1
MTV ANNOUNCES IT WILL BROADCAST TOMORROWLAND 2014
ACROSS ITS INTERNATIONAL CHANNELS
WORLD'S PRE-EMINENT AWARD WINNING ELECTRONIC DANCE MUSIC FESTIVAL TO BE TELEVISED FOR THE FIRST TIME IN ITS 10-YEAR HISTORY
Click to Tweet: MTV to broadcast EDM festival @Tomorrowland 2014 across its international channels
LONDON / NEW YORK - (April 2, 2014) - MTV
today announced it will be the exclusive international broadcast partner for
Tomorrowland 2014
, the world's premier electronic dance music festival. MTV will air original content incorporating live event and documentary footage as part of its MTV World Stage franchise. This partnership marks the first time in Tomorrowland's history that the hugely popular festival will be televised.
Two hours of Tomorrowland 2014 festival footage will air as part of the MTV World Stage franchise, which runs across MTV's 60+ international channels in nearly 170 territories and is available in 550 million homes around the globe. The two, 60-minute
World Stage:
Tomorrowland
specials are scheduled to premiere in August 2014.
"Tomorrowland is a festival in a category of its own, so we're excited to bring this content to MTV's international audiences", said Bruce Gillmer, Executive Vice President of Talent and Music Programming/Events, Viacom International Media Networks (VIMN). "Electronic dance music has been part of MTV's repertoire for almost two decades, stretching right back to the early years - particularly in Europe. So working with Tomorrowland is a perfect fit, and connects us with the new generation of EDM fans and followers around the world".
Tomorrowland, which won its third "Best Music Festival" Award at the IDMA in Miami last week, is the world's leading electronic dance music festival, celebrating its 10th anniversary this summer. The Belgian festival sold its 360,000 tickets available for the 2014 edition in less than one hour to guests from over 190 countries. This autumn Tomorrowland will be exported for the second time as TomorrowWorld to the Chattahoochee Hills close to Atlanta, USA.
In addition to the World Stage broadcast, MTV also announced today that it will be developing a documentary celebrating Tomorrowland's 10-year history as one of the world's most popular and successful festivals. The documentary is expected to be released in late 2014.
# # #
For further information, please contact:
MTV:
Bernadette Simpao
Viacom International Media Networks
+1 212 654 4311
bernadette.simpao@vimn.com
SFX Entertainment:
Ed Tagliaferri
DKC Public Relations
+1 212 981 5182
edmund_tagliaferri@dkcnews.com
About MTV
MTV is the world's premier youth entertainment brand. With a global reach of more than a half-billion households, MTV is the cultural home of the millennial generation, music fans and artists, and a pioneer in creating innovative programming for young people. MTV reflects and creates pop culture with its award-winning content built around compelling storytelling, music discovery and activism across TV, online and mobile. Outside of the United States, MTV is part of Viacom International Media Networks, a division of Viacom Inc. (NASDAQ: VIAB, VIA), one of the world's leading creators of programming and content across all media platforms.
About SFX Entertainment
SFX Entertainment, Inc. is the largest global producer of live events and digital entertainment content focused exclusively on electronic music culture (EMC) and other world-class festivals. SFX's mission is to provide electronic music fans with the best possible live experiences, music discovery, media and digital connectivity. SFX was borne out of the technology revolution and produces and promotes a growing portfolio of live events that includes leading brands such as Tomorrowland, TomorrowWorld, Mysteryland, Sensation, Stereosonic, Electric Zoo, Disco Donnie Presents, Life in Color, Rock in Rio, Nature One, Mayday, Decibel, Q-Dance and has an agreement to acquire React Presents. SFX also operates Beatport, the principal online resource for EMC DJs and a trusted destination for the growing EMC community to discover and stream music, follow DJs and keep abreast of news, information and events, in addition to offering year-round entertainment to EMC fans around the globe through other digital assets.

text: MTV

text: TOMORROWLAND 2014

text: MTV

text: MTV

text: Tomorrowland 2014

text: MTV

text: MTV

text: Tomorrowland 2014

text: MTV

text: MTV

text: MTV

text: MTV

text: MTV

text: MTV

text: MTV

text: MTV

text: MTV

text: MTV

text: MTV


text:
EX-99
2
form8kexh99vecta4-15.txt
EXH 99 - PRESS RELEASE RE CLOSING OF AMEND VECTA AGREE
EXHIBIT 99
SYNERGY RESOURCES CORPORATION
SYNERGY RESOURCES CLOSES ON LEASEHOLD ACQUISITION IN NE WATTENBERG EXTENSION
AREAa
PLATTEVILLE, CO -- (Marketwired) -- 04/30/15 -- Synergy Resources Corporation
(NYSE MKT: SYRG) ("Synergy") has closed on the Amendment dated February 12, 2015
to its Exploration Agreement with Vecta Oil & Gas, Ltd. (Vecta) dated March 1,
2013; whereby Vecta has conveyed assignments for an undivided 30% working
interest in leasehold within the DJ Basin Greenhorn AMI (AMI) covering
approximately 13,530 net acres. Synergy's position in the NE Wattenberg
Extension Area is now over 41,000 net acres. Its working interest in the AMI
with Vecta has increased to 65%, and the remaining 35% working interest in the
AMI will be owned by an affiliate of Vecta, Foreland Resources LLC, and other
parties. The purchase price of the conveyed leases is $250 per net acre, payable
in 287,642 restricted shares of Synergy's common stock, equating to
approximately $3.4 million based on $11.76 price per share. Craig Rasmuson,
Chief Operating Officer, of Synergy commented, "We are pleased to close on this
transaction increasing our working interest in the DJ Greenhorn AMI. We have
received a drilling permit from the Colorado Oil & Gas Conservation Commission
for the Conrad 44-1GHZ well, which is located in the AMI. We have contracted
with a services company to conduct and process a hazard seismic survey in the
area over the next few weeks. We plan on moving Ensign Rig #131 from our Cannon
pad in late May and begin drilling the Conrad horizontal well to a standard
4,000 foot lateral length targeting the Greenhorn formation by May 31st".
ABOUT SYNERGY RESOURCES CORPORATION
Synergy Resources Corporation is a domestic oil and natural gas exploration and
production company. Synergy's core area of operations is in the Denver-Julesburg
Basin, which encompasses Colorado, Wyoming, Kansas, and Nebraska. The Wattenberg
field in the D-J Basin ranks as one of the most productive fields in the U.S.
The company's corporate offices are located in Platteville, Colorado.
SAFE HARBOR
This press release contains forward-looking statements regarding future events
and our future results that are subject to the safe harbors created under the
Securities Act of 1933 (the "Securities Act") and the Securities Exchange Act of
1934 (the "Exchange Act"). All statements other than statements of historical
facts included in this press release regarding our financial position, business
strategy, plans and objectives of management for future operations and industry
conditions, and are forward-looking statements. When used in this press release,
forward-looking statements are generally accompanied by terms or phrases such as
1
"estimate", "project", "predict", "believe", "expect", "anticipate", "target,"
"plan", "intend", "seek", "goal", "will", "should", "may" or other words and
similar expressions that convey the uncertainty of future events or outcomes.
Items contemplating or making assumptions about, actual or potential future
sales, market size, collaborations, and trends or operating results also
constitute such forward-looking statements.
Forward-looking statements involve inherent risks and uncertainties, and
important factors (many of which are beyond the Company's control) that could
cause actual results to differ materially from those set forth in the
forward-looking statements, including the following: general economic or
industry conditions, nationally and/or in the communities in which Synergy
conducts business, changes in the interest rate environment, legislation or
regulatory requirements, conditions of the securities markets, the ability to
raise capital, changes in accounting principles, policies or guidelines,
financial or political instability, acts of war or terrorism, other economic,
competitive, governmental, regulatory and technical factors affecting the
Company's operations.
These forward-looking statements are based on current expectations and
assumptions about future events. While management considers these expectations
and assumptions to be reasonable, they are inherently subject to significant
business, economic, competitive, regulatory and other risks, contingencies and
uncertainties, most of which are difficult to predict and many of which are
beyond Synergy's control.
CONTACT:
Investor Relations Contact:
Jon Kruljac
Synergy Resources Corporation
jkruljac@syrginfo.com
Tel (303) 840-8166
Company Contact:
Rhonda Sandquist
Synergy Resources Corporation
rsandquist@syrginfo.com
Tel (970) 737-1073
Source: Synergy Resources Corporation
2

text: SYNERGY RESOURCES

text: SYNERGY RESOURCES

text: Synergy Resources

text: Craig Rasmuson

text: SYNERGY RESOURCES

text: Synergy Resources

text: Synergy Resources

text: Synergy Resources

text: Synergy Resources


text:
EX-99.1
2
a5421438ex991.txt
EXHIBIT 99.1
Exhibit 99.1
Sovran Self Storage Announces Acquisition of Safe Mini Storage Facilities
from Breland Companies
BUFFALO, N.Y.--(BUSINESS WIRE)--June 4, 2007--Sovran Self Storage, Inc.
(NYSE:SSS), a self-storage real estate investment trust (REIT), today announced
the acquisition of fourteen self-storage facilities for a total cost of $84
million. Five of the stores are located in the Company's existing markets; two
each in Pensacola, FL; Montgomery, AL; and one in Auburn, AL. Four of the
facilities are in the Huntsville, AL market, two in Mobile, AL; and three are in
the Gulfport, MS area. Huntsville, Mobile, and Gulfport are all new markets for
the Company's stores.
The stores currently operate under the name Safe Mini Storage and encompass
a total of 1.2 million square feet of net rentable storage space. The Company
will re-brand all of the stores with its trade name of Uncle Bob's Self
Storage(R). Funding for the acquisition was provided by proceeds drawn on the
Company's Line of Credit and cash flow from operations. The Locke Group, LLC,
represented Sovran in the transaction.
David Rogers, the Company's Chief Financial Officer commented, "We are very
pleased to bring the Safe Mini stores into our fold. These are high quality
properties in fast growing markets, and we're excited about the opportunity".
Louis Breland, owner of Safe Mini said, "After having received many
inquiries over the past few years, and having performed a thorough research of
Sovran, the Sovran offer is the only one that we have ever entertained. It was
only after personally meeting with Sovran's executive staff, and experiencing
their up front and straight-forward approach to our company and the Safe Mini
on-site management team that I had decided to move forward in selling a business
that has taken some twenty years to build. I am pleased that the Safe Mini
acquisition will provide Sovran with 14 premium locations and an excellent on
site management team. After working with Sovran over the past 4 months, I am
even more confident now that Sovran is a good-fit for Safe Mini, and that I have
made the right decision to sell to one of the most highly professional
organizations in the self storage industry".
The Company also announced that, in a separate transaction, it acquired a
facility in San Antonio, TX at a cost of $3.4 million. The store has 73,000 sq.
ft. of rentable space, and is the tenth Uncle Bob's location in San Antonio.
Sovran Self Storage, Inc. is a self-administered and self-managed equity
REIT that is in the business of acquiring and managing self-storage facilities.
The Company operates 354 self-storage facilities in 22 states under the name
"Uncle Bob's Self Storage"(R). For more information, please contact David
Rogers, CFO or Diane Piegza, VP Corporate Communications at (716) 633-1850 or
visit the Company's Web site at www.sovranss.com.
CONTACT: Sovran Self Storage, Inc.
David Rogers, CFO
or
Diane Piegza, VP Corporate Communications
716-633-1850

text: Sovran Self Storage

text: Safe Mini Storage Facilities

text: Breland Companies

text: Sovran Self Storage, Inc.

text: Sovran

text: David Rogers

text: Sovran

text: Sovran

text: Sovran

text: Sovran

text: Sovran

text: Sovran

text: Sovran Self Storage, Inc.

text:
David
Rogers

text: Diane Piegza

text: Sovran Self Storage, Inc.

text: David Rogers

text: Diane Piegza


text:
EX-99
2
exh_991.htm
EXHIBIT 99.1
exh_991.htm
Exhibit 99.1
NGP Capital Resources Company
Announces Sale of Alden and Gatliff Investments
NGP Capital Resources Company (NASDAQ: NGPC) (the "Company") today announced that on Thursday, July 28, 2011, the Company completed the sale of all of its interests in Alden Resources, LLC ("Alden") and Gatliff Services, LLC ("Gatliff") to Globe Specialty Metals Inc. (NASDAQ: GSM) ("Globe") for cash proceeds totaling $73.2 million and a contingent cash "earn-out" payment of up to $6.8 million payable within three years. The contingent payment is dependent upon Alden's ability to achieve certain production and operating margin levels during the next three years.
Alden is a miner and processor of specialty coal marketed primarily to manufacturers of silicon metals. Gatliff owns a coal preparation plant that processes Alden's coal, and has recently completed significant upgrades to the plant. Globe is a producer of silicon metal and silicon-based alloys, and is one of Alden's largest customers.
"Our initial investment in Alden was made in January 2007, and since that time it has grown to be the largest investment in our portfolio", said Kelly Plato, the Company's Senior Vice President and Chief Investment Officer. "The sale to Globe allowed us to realize a favorable return and represents a successful exit that will also provide us with greater flexibility and diversification in our portfolio as we reinvest the proceeds during the coming months".
Steve Gardner, the Company's President and CEO stated, "The successful resolution of our investment in Alden is the direct result of the hard work, skill and professionalism of our investment, accounting and treasury teams. I want to specifically recognize the dedication and perseverance of Chris Ryals and Aaron Killian, who were the investment team members most closely involved with the Alden investment".
As a result of this transaction, during the quarter ended June 30, 2011, the Company will recognize previously reserved interest income of $4.5 million attributable to Alden's Tranche B Term Loan, and net unrealized depreciation on investments totaling $9.8 million before income taxes. In July 2011, the Company will recognize interest and royalty income of approximately $2.1 million related to Alden and Gatliff, including the acceleration of original issue discount of $1.1 million. Also in July, the Company will record realized capital losses of approximately $3.7 million, with a corresponding decrease in unrealized depreciation of approximately the same amount.
About NGP Capital Resources Company
NGP Capital Resources Company is a closed-end, non-diversified management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. We principally invest in energy related private companies and from time to time, we may also invest in public companies. We invest primarily in senior secured and mezzanine loans according to our business plan and in some instances receive equity interests in portfolio companies in connection with such investments. Our manager is NGP Investment Advisor, LP, an affiliate of NGP Energy Capital Management, L.L.C. NGP Energy Capital Management, L.L.C., based in Irving, Texas, is a leading investment firm with over $9.5 billion of cumulative capital under management since inception, serving all sectors of the energy industry.
Forward-Looking Statements
This press release may contain forward-looking statements. We may use words such as "anticipates", "believes", "intends", "plans", "expects", "projects", "estimates", "will", "should", "may" and similar expressions to identify forward-looking statements. These forward-looking statements are subject to various risks and uncertainties. Certain factors could cause actual results and conditions to differ materially from those projected, including the uncertainties associated with the timing of transaction closings, changes in interest rates, availability of transactions, the future operating results of our portfolio companies, regulatory factors, changes in regional, national, or international economic conditions and their impact on the industries in which we invest, other changes in the conditions of the industries in which we invest and other factors enumerated in our filings with the Securities and Exchange Commission (the "SEC").
You should not place undue reliance on such forward-looking statements, which speak only as of the date they are made. We undertake no obligation to update our forward-looking statements made herein, unless required by law.
Persons considering an investment in NGP Capital Resources Company should consider the investment objectives, risks, and charges and expenses of the Company carefully before investing. Such information and other information about us is available in our annual report on Form 10-K, in our quarterly reports on Form 10-Q and in prospectuses we issue from time to time in connection with our offering of securities. Such materials are filed with the SEC and copies are available on the SEC's website,
www.sec.gov,
and in the Investor Relations section of our website at
www.ngpcrc.com
. Prospective investors should read such materials carefully before investing.
INVESTMENT CONTACT:
Please send investment proposals to: NGP Capital Resources Company, Kelly Plato (kplato@ngpcrc.com), Dan Schockling (dschockling@ngpcrc.com), Hans Hubbard (hhubbard@ngpcrc.com), or Chris Ryals (cryals@ngpcrc.com), 713-752-0062.

text: NGP Capital Resources Company

text: Alden

text: Gatliff

text: NGP Capital Resources Company

text: Alden Resources, LLC

text: Alden

text: Gatliff Services, LLC

text: Gatliff

text: Globe Specialty Metals Inc.

text: Alden

text: Alden

text: Gatliff

text: Alden

text: Alden

text: Alden

text: Steve Gardner

text: Alden

text: Alden

text: Alden

text: Alden

text: Gatliff

text: NGP Capital Resources Company

text: NGP Capital Resources Company

text: NGP Investment Advisor, LP

text: NGP Energy Capital Management, L.L.C.

text: NGP Energy Capital Management, L.L.C.

text: NGP Capital Resources Company

text: NGP Capital Resources Company