text:
EX-99.1
7
v336759_ex99-1.htm
EXHIBIT 99.1
CHINA GROWTH EQUITY INVESTMENT, CHINA
DREDGING GROUP AND MERCHANT SUPREME ANNOUNCE COMPLETION OF BUSINESS COMBINATION TO BECOME PINGTAN MARINE ENTERPRISE
NEW YORK, Feb. 26, 2013 /PRNewswire/ -- China Dredging Group,
one of the leading independent (not state-owned) providers of dredging services in the PRC, through its PRC operating subsidiary
Fujian Xing Gang Port Service Co., Ltd., Merchant Supreme, through its PRC operating subsidiary Fujian Provincial Pingtan County
Ocean Fishing Group Co., Ltd., a growing fishing company and provider of quality seafood in the PRC and China Growth Equity Investment,
a special purpose acquisition company (SPAC), today announced that the respective shareholders of China Dredging Group and China
Growth Equity Investment have approved the merger agreement between the parties and the previously announced business combination
between the three companies has been completed. The combined entity is named "Pingtan Marine Enterprise Ltd".
"As a result of this business combination, Pingtan Marine
Enterprise is well positioned to execute on its long-term growth strategy and utilize a public currency to support continued growth,"
said Xinrong Zhuo, Pingtan Marine Enterprise's new Chief Executive Officer, who previously served as Chairman and Chief Executive
Officer of China Dredging Group and Pingtan Fishing. "We are delighted that the formation of Pingtan Marine Enterprise will
enable Pingtan Fishing to continue its dramatic growth by expanding its fleet funded by the steady cash flow of one of China's
largest independent dredging businesses", said Xuesong Song, Pingtan Marine Enterprise's Director, who previously served as
Chairman and Chief Financial Officer of China Growth Equity Investment.
About Pingtan Marine Enterprise Ltd. (Nasdaq: PME)
Pingtan Marine Enterprise Ltd. (PME) is a marine infrastructure
group, engaging in dredging services and ocean fishing through its PRC operating subsidiaries, Fujian Xing Gang Port Service Co.,
Ltd., or Fujian Service and Fujian Provincial Pingtan County Ocean Fishing Group Co., Ltd., or Pingtan Fishing. Fujian Service
provides specialized dredging services exclusively to the PRC marine infrastructure market and is, based on the number and capacity
of the dredging vessels it operates, one of the leading independent (not state-owned) providers of such services in the PRC. Since
its inception, it has functioned exclusively as a specialist subcontractor, performing dredging services for other companies licensed
to function as general contractors. Pingtan Fishing primarily engages in ocean fishing with many of its self-owned vessels operating
within the Indian Exclusive Economic Zone and the Arafura Sea of Indonesia. Pingtan Fishing is a growing fishing company and provider
of quality seafood in the PRC.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These forward-looking statements reflect Pingtan Marine Enterprise Ltd. (PME) and its directors' and management's current
beliefs, expectations or intentions regarding future events. Any statements contained in this press release that are not statements
of historical fact may be deemed forward-looking statements. Words such as "will", "become", "achieve,"
"execute", "continue", "may", "could", "should", "expect", "expected,"
"proposed", "contemplated", "plan", "project", "intend", "anticipate,"
"believe", "estimate", "predict", "potential", "continue", and similar expressions
are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, all statements
and information regarding the intent, belief or current expectation of PME and its directors and management. All forward-looking
statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed
or implied in the forward-looking statements, many of which are generally outside the control of PME and are difficult to predict.
Examples of such risks and uncertainties include, but are not limited to: (i) the amount of cash available to PME following the
business combination being insufficient to allow PME to achieve its business objectives; (ii) the future performance of PME following
the closing of the business combination; (iii) the impact of the business combination on the markets for NEI's products and services;
(iv) the employees of CGEI, CDGC and Pingtan Fishing not being combined and integrated successfully; (v) operating costs, unexpected
transaction costs and actual or contingent liabilities; (vi) business disruption following the business combination, including
adverse effects on employee retention and on PME's business relationships with third parties; (vii) the failure of PME's ordinary
shares to maintain its listing on The Nasdaq Capital Market; (viii) general business and economic conditions; and (ix) the performance
of financial markets. Additional factors that could cause actual results to differ materially from those expressed or implied in
the forward-looking statements can be found in the most recent annual report on Form 10-K, and the subsequently filed quarterly
reports on Form 10-Q and current reports on Form 8-K filed by CGEI with U.S. Securities and Exchange Commission (the "SEC"),
the most recent annual report on Form 20-F and current reports on Form 6-K filed by CDGC with the SEC, the definitive proxy statement
filed by CGEI with the SEC and future reports and other filings by PME with the SEC. PME anticipates that subsequent events and
developments may cause its views and expectations to change. PME assumes no obligation, and it specifically disclaim any intention
or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except
as expressly required by law.
Contact: Jin Shi, Shi@chum.com.cn, +86-10-6550-3186
-
2
-

text:
CHINA
DREDGING GROUP

text: China Dredging Group

text: Fujian Xing Gang Port Service Co., Ltd.

text: China Dredging Group

text: China Dredging Group

text:
Fujian Xing Gang Port Service Co.,
Ltd.


dataset: buster

text:
EX-99.1
2
pr.htm
PRESS RELEASE
pr.htm
Oraco Resources Announces Acquisition of Diamond and Gold Mining Operations in West Africa
TEMPE, AZ - (BUSINESS WIRE) -
Oraco Resources, Inc. ("Oraco") announced today that it has acquired the contractual rights for the disposition of diamonds, gold, and any other minerals recovered in both the Zimmi Town, Pujehun District and the Gbense Tailings No. 5 reserve in the Koidu Town, Kono District of Sierra Leone through the acquisition of 100% of the ownership of Oraco Resources, Inc., a Canadian corporation ("ORI"), and Jyork Industries, Inc., a Sierra Leone company ("Jyork").
"Oraco's main focus in Sierra Leone is to locate, prospect, and mine for diamonds, gold and other natural resources, while at the same time purchasing and exporting rough gem quality diamonds for sorting, polishing, cutting and sale", said Brad Rosen, President.
"This acquisition and our transition from a private mining and export company to a public company is a major step in the implementation of our growth strategy", said Charles Huggins, Jyork's founder.
About Oraco:
Oraco, as a result of the acquisition of ORI and Jyork, is a diamond and gold mining and exporting company with operations in Sierra Leone. Oraco has a broad portfolio of capital investment opportunities that arise from Mr. Huggins' extensive knowledge of the geology and history of diamond production and exportation in Sierra Leone as well as his long-term presence and established business relationships there. For more information, visit Oraco's website at
www.oracoresources.com
.
Forward Looking Statements:
Portions of this press release contain forward-looking statements and involve risks and uncertainties that could materially affect expected results of operations, liquidity, cash flows and business prospects. Factors that could cause results to differ materially include, but are not limited to: global commodity pricing fluctuations; supply and demand considerations for Oraco's products; not successfully completing, or any material delay of, any development of mining operations, acquisitions or dispositions; potential failure to achieve expected production from exploration projects; exploration risks such as unsuccessful mines; any general economic recession or slowdown domestically or internationally; higher-than-expected costs; potential liability for remedial actions under existing or future environmental regulations and litigation; potential liability resulting from pending or future litigation; general domestic and international political conditions; potential disruption or interruption of Oraco's production or manufacturing or damage to facilities due to accidents, chemical releases, labor unrest, weather, natural disasters, political events or insurgent activity; failure of risk management; changes in laws or regulations; or changes in tax rates. Words such as "estimate", "project", "predict", "will", "would", "should", "could", "may", "might", "anticipate", "plan", "intend", "believe", "expect" or similar expressions that convey the uncertainty of future events or outcomes generally indicate forward-looking statements. The United States Securities and Exchange Commission (SEC) permits mining companies, in their SEC filings, to disclose only reserves anticipated to be economically producible, as of a given date, by application of development projects to known accumulations. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Unless legally required, Oraco does not undertake any obligation to update any forward-looking statements as a result of new information, future events, or otherwise. U.S. investors are urged to consider carefully the disclosure in Oraco's Form 10-K and other filings, available on the Internet at
http://www.sec.gov
. You also can obtain a copy from the SEC by calling 1-800-SEC-0330.
Contact:
Chris Butchko, Executive Vice President
Office: 480-588-3388
Direct: 951-375-1352
Oraco Resources, Inc.
605 West Knox Road, Suite 102
Tempe, AZ 85284

label: organization

text: Oraco Resources

text: Oraco Resources, Inc.

text: Oraco Resources, Inc.

text: ORI

text: Jyork Industries, Inc.

text: Jyork

label: person

text: Brad Rosen

text: Jyork

text: ORI

text: Jyork

text: Oraco Resources, Inc.

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
4
v093941_ex99-1.htm
Exhibit
99.1
Acorn
Factor Acquires SCR-Tech for $9.6 Million
¾
Establishes
CoaLogix™ Platform for Participating in Burgeoning Clean Coal
Market¾
¾
Further
Expands Holdings and Solidifies Leadership in Energy Intelligence
Sector¾
MONTCHANIN,
Del., Nov. 8 /PRNewswire-FirstCall/ -- Acorn Factor, Inc. (OTC Bulletin Board:
ACFN - News), a leader in the high-growth energy intelligence sector, today
announced that it has completed the purchase of SCR-Tech LLC from Catalytica
Energy Systems, Inc., a subsidiary of Renegy Holdings, Inc., for a purchase
price of $9.6 million in cash. SCR-Tech is a leading provider of catalyst
regeneration technologies and management services for selective catalytic
reduction (SCR) systems used by coal-fired power plants to reduce nitrogen
oxides (NOx) emissions and will operate as part of CoaLogix(TM), Acorn Factor's
newly established platform for participating in the burgeoning clean coal
market.
Based
in
Charlotte, North Carolina, SCR-Tech is the only company in North America
offering a commercial process capable of fully restoring catalyst activity
and
NOx reduction performance. SCR-Tech also provides SCR catalyst management and
consulting services including computer simulation, inspection, testing and
analysis to help utilities, independent power producers, and other SCR operators
optimize their NOx reduction performance and achieve regulatory compliance
at
lower costs.
Commenting
on the establishment of the CoaLogix platform and the purchase of SCR-Tech,
John
A. Moore, CEO of Acorn Factor stated: "We believe that one of the biggest
opportunities in the energy sector today is the improvement of efficiency and
reduction of the environmental footprint of the coal burning plants that
currently provide over 50% of the US electricity supply. SCR-Tech is the
cornerstone of CoaLogix, our newly established intelligent clean coal platform,
which seeks to bring specialized resources and talent to this huge but
underserved sector of the energy economy. Here, small gains in efficiency and
environmental impact could dwarf those of the other emerging technologies like
solar and wind power. Over the past several years, SCR-Tech has essentially
created a new market in the US for SCR catalyst regeneration. The field has
massive growth potential, both organically as well as through the possible
acquisition or licensing of new technologies".
"We
at
SCR-Tech are thrilled to be part of Acorn Factor, with its strong balance sheet,
knowledge of and vision for the future of the energy industry, as reflected
in
its founding and nurturing of Comverge, and track record of attracting premier
partners and co-investors", said William McMahon, CEO of CoaLogix and SCR-Tech.
"With the support of our new parent and partner and our existing management,
marketing and technical team we look forward to continuing to provide innovative
solutions to support clean coal generation".
Advisors
Stephens
Inc. acted as the exclusive financial advisor to Acorn Factor in connection
with
the acquisition, with Eilenberg Krause & Paul LLP serving as legal
advisor.
About
Acorn Factor, Inc.
Acorn
Factor specializes in acquiring and accelerating the growth of emerging ventures
that promise improvement in the economic and environmental efficiency of the
energy sector. Acorn aims to take primarily controlling positions in companies
led by great entrepreneurs and to add value by supporting those companies with
branding, positioning, strategy and business development. Acorn Factor is a
global company with equity interests in Comverge, the leading clean capacity
provider of energy solutions through demand response, Paketeria GmbH, a German
super services provider, dsIT a leader in underwater security systems for
strategic coastal energy infrastructure; and Local Power, Inc., the creator
of
Community Choice Aggregation, a revolution in renewable power and retail markets
for electricity.
About
SCR-Tech
SCR-Tech
is a leading provider of catalyst regeneration technologies and management
services for selective catalytic reduction (SCR) systems used by coal-fired
power plants to reduce nitrogen oxides (NOx) emissions. SCR-Tech integrates
leading edge technologies, a highly skilled workforce, and more than 100 years
of combined experience in the environmental and power generation industries
to
provide innovative, cost-effective SCR catalyst management and regeneration
services that help our customers achieve and maintain compliance with
increasingly stringent NOx regulations.
Safe
Harbor Statement
This
press release includes forward-looking statements, which are subject to risks
and uncertainties. Actual results may vary from those projected or implied
by
such forward-looking statement. The energy intelligence solutions business
generally, and SCR-Tech's catalyst regeneration business in particular, is
subject to various risks, including competition, customer concentration, and
possible changes in government regulation. There is no assurance that the energy
intelligence sector generally, or the market for clean coal solutions in
particular, will develop and grow as expected or that the Company will be able
to successfully develop and market new products and services for this market.
A
complete discussion of the risks and uncertainties which may affect Acorn
Factor's business generally is included in "Risk Factors" in the Company's
most
recent Annual Report on Form 10-K as filed by the Company with the Securities
and Exchange Commission.
Contact:
Christianna
Miller
Director
of Communications
(302)
656-1707

text:
Acorn
Factor

text: SCR-Tech

text: Acorn Factor, Inc.

text: SCR-Tech LLC

text: SCR-Tech

text: Acorn Factor

text: SCR-Tech

text: SCR-Tech

text: SCR-Tech

text:
John
A. Moore

text: Acorn Factor

text: SCR-Tech

text: SCR-Tech

text: SCR-Tech

text: Acorn Factor

text: SCR-Tech

text:
Stephens
Inc.

text: Acorn Factor

text: Eilenberg Krause & Paul LLP

text: Acorn Factor, Inc.

text:
Acorn
Factor

text: Acorn Factor

text: SCR-Tech

text: SCR-Tech

text: SCR-Tech

text: SCR-Tech

text:
Acorn
Factor

text:
Christianna
Miller


text:
EX-99.01
4
exhibit9901pressrelease122.htm
PRESS RELEASE DTD 122112
Exhibit 99.01 Press Release 122112
Exhibit 99.1
For Immediate Release
Actian Corporation Completes Acquisition of Versant
Actian Acquires Versant to Expand Portfolio of Big Data Solutions
Redwood City, Calif. - Dec. 21, 2012 - Actian Corp. ("Actian"), a leader in next generation big data management and creators of the innovative record-breaking, analytic database Vectorwise, today announced that it has completed the transaction to buy Versant Corporation (Nasdaq:VSNT), an industry leader in specialized data management. The combination of Versant's expertise in enterprise big data solutions further strengthens Actian's big data analytics offerings and extends its capabilities further into this burgeoning market.
According to Gartner, big data will drive $232 billion in IT spending through 2016. A real-time information management software provider, Versant has more than 150,000 installations, and has been a highly reliable partner for over 15 years for Global 2000 companies such as Ericsson, Verizon, Siemens, and the Financial Times as well as the US Government. Versant's leading object-oriented database coupled with Actian's existing portfolio further strengthens Actian's ability to help companies extract business value from their big data.
"We are pleased to welcome Versant to the Actian family", said Steve Shine, chief executive officer of Actian. "The completion of this transaction means that customers will now benefit from a dynamic platform of data management capabilities that enable them to extract business value from big data. Our record-breaking analytics database Vectorwise combined with Versant's existing expertise will allow us to become even more successful in meeting data analytics demands".
In the Versant press release issued upon the signing of the definitive agreement, Bernhard Woebker, president and chief executive officer of Versant stated, "The combination of Actian and Versant provides numerous synergies for data management. We are excited to join Actian in developing technology to meet the demands of the ever-growing and complex business intelligence and analytics market".
With more than 10,000 customers worldwide, Actian is a leader in helping companies analyze big data in industries ranging from retail, ecommerce, enterprise, healthcare, manufacturing, finance and social media. Having the right tools in place to derive value from massive amounts of data is becoming more and more important for companies and Actian helps solve this problem.
About Actian: Take Action on Big Data
Actian Corporation enables organizations to transform big data into business value with data management solutions to transact, analyze, and take automated action across their business operations. Actian helps 10,000 customers worldwide take action on their big data with Action Apps, Vectorwise, the analytical
database, and Ingres, an independent mission-critical OLTP database. Actian is headquartered in California with offices in New York, London, Paris, Frankfurt, Amsterdam and Melbourne. Stay connected with Actian Corporation on Facebook, Twitter and LinkedIn.
Actian, Cloud Action Platform, Action Apps, Ingres and Vectorwise are trademarks of Actian Corporation. All other trademarks, trade names, service marks, and logos referenced herein belong to their respective companies.
About Versant Corporation
Versant Corporation is an industry leader in building specialized NoSQL data management systems to enable the real-time enterprise. Using the Versant Database Engine, enterprises can handle complex information in environments that demand high performance, concurrency, and availability, significantly cut hardware and administration costs, speed and simplify development, and deliver products with a strong competitive edge. Versant's solutions are deployed in over 150,000 installations across a wide array of industries, including telecommunications, energy, financial services, transportation, manufacturing, and defense. For more than 20 years, Versant has been a trusted partner of Global 2000 companies such as Ericsson, Verizon, Siemens, and Financial Times, as well as the U.S. Government. For more information, call 650-232-2400 or visit www.versant.com.
Versant is a registered trademark of Versant Corporation in the United States.
Forward−looking Statements Certain statements contained in this press release about our expectation of future events or results constitute forward-looking statements for purposes of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by terminology such as, "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential", "continue", or the negative of these terms or other comparable terminology. These statements are not historical facts, but instead represent only our beliefs regarding future events, many of which, by their nature, are inherently uncertain and outside of our control. It is possible that our actual results and financial condition may differ, possibly materially, from our anticipated results and financial condition indicated in these forward-looking statements. In addition, certain factors could affect the outcome of the matters described in this press release.
Contacts:
Actian Corporation
Kevin Cox
kevin.cox@actian.com
SHIFT Communications
Cathy Summers
415-591-8415
csummers@shiftcomm.com

text:
Immediate Release
Actian Corporation

text: Versant

text: Actian

text: Versant

text: Actian Corp.

text: Actian

text: Versant Corporation

text: Versant

text: Actian

text: Versant

text: Versant

text: Actian

text: Actian

text: Versant

text: Actian

text: Steve Shine

text: Actian

text: Versant

text: Versant

text: Bernhard Woebker

text: Versant

text: Actian

text: Versant

text: Actian

text: Actian

text: Actian

text: Actian

text: Actian

text: Actian

text: Actian

text: Versant Corporation

text: Versant Corporation

text: Versant

text: Versant

text: Versant

text: Versant

text: Versant Corporation


text:
EX-99.1
2
ex99-1.htm
JOINT PRESS RELEASE
National Interstate Corporation 8-K
Exhibit 99.1
DRAFT #1 - November 9, 2016
American Financial Group, Inc. and National Interstate Corporation
Announce Closing of Merger
CINCINNATI - November 10, 2016 -
American Financial Group, Inc. (NYSE: AFG) and National Interstate Corporation (Nasdaq: NATL) today announced the closing of the
previously announced merger whereby AFG acquired all shares of National Interstate not previously owned by AFG's wholly-owned
subsidiary, Great American Insurance Company (GAIC). Shareholders of NATL, other than Great American, received $32.00 per share
in cash in the transaction, without interest and less any required withholding taxes. In addition, National Interstate declared
and paid a one-time special dividend to its shareholders immediately prior to the closing of $0.50 per NATL share in cash. In connection
with the completion of the transaction, NATL's shares will cease to trade on NASDAQ and will be delisted.
The purchase price to acquire the National
Interstate shares not currently owned by Great American, including the $0.50 special dividend, was approximately $320 million.
Because, prior to the merger, NATL was a consolidated subsidiary of AFG, the acquisition will be accounted for as an equity transaction
with the excess of the consideration paid over the carrying value of the noncontrolling interest acquired recorded as a direct
reduction in AFG's Capital Surplus (approximately $140 million based on balances as of September 30, 2016). In addition,
the merger allows NATL and its subsidiaries to become members of the AFG consolidated tax group, which will result in a non-core
tax benefit of approximately $66 million to AFG during the fourth quarter of 2016.
About National Interstate
National Interstate Insurance Company,
a wholly owned subsidiary of National Interstate Corporation, is a specialty property and casualty insurance company with a niche
orientation and focus on the transportation industry. National Interstate differentiates itself by offering insurance products
and services designed to meet the unique needs of targeted insurance buyers. Products include insurance for passenger, moving and
storage, and truck transportation companies, alternative risk transfer, or captive, insurance programs for commercial risks, specialty
personal lines consisting of insurance products focused primarily on recreational vehicle owners, and transportation and general
commercial insurance in Hawaii and Alaska. National Interstate and its insurance subsidiaries, which include Vanliner Insurance
Company and Triumphe Casualty Company, are rated "A" (Excellent) by A.M. Best Company. Founded in 1989, National Interstate
is headquartered in Richfield, Ohio with operations in Kapolei, Hawaii, and Fenton, Missouri.
About American Financial Group,
Inc.
American Financial Group is an insurance
holding company, based in Cincinnati, Ohio with assets over $50 billion. Through the operations of Great American Insurance Group,
AFG is engaged primarily in property and casualty insurance, focusing on specialized commercial products for businesses, and in
the sale of fixed and fixed-indexed annuities in the retail, financial institutions and education markets. Great American Insurance
Group's roots go back to 1872 with the founding of its flagship company, Great American Insurance Company.
Page
1
Forward Looking Statements
This press release contains certain statements
that may be deemed to be "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 in this press release not dealing with historical results
are forward-looking and are based on estimates, assumptions and projections. Examples of such forward-looking statements include
statements relating to: the Company's expectations concerning market and other conditions and their effect on future premiums,
revenues, earnings, investment activities and the amount and timing of share repurchases; recoverability of asset values; expected
losses and the adequacy of reserves for asbestos, environmental pollution and mass tort claims; rate changes; and improved loss
experience.
Actual results and/or financial condition
could differ materially from those contained in or implied by such forward-looking statements for a variety of reasons including
but not limited to: changes in financial, political and economic conditions, including changes in interest and inflation rates,
currency fluctuations and extended economic recessions or expansions in the U.S. and/or abroad; performance of securities markets;
new legislation or declines in credit quality or credit ratings that could have a material impact on the valuation of securities
in AFG's investment portfolio; the availability of capital; regulatory actions (including changes in statutory accounting
rules); changes in the legal environment affecting AFG or its customers; tax law and accounting changes; levels of natural catastrophes
and severe weather, terrorist activities (including any nuclear, biological, chemical or radiological events), incidents of war
or losses resulting from civil unrest and other major losses; development of insurance loss reserves and establishment of other
reserves, particularly with respect to amounts associated with asbestos and environmental claims; availability of reinsurance and
ability of reinsurers to pay their obligations; trends in persistency and mortality; competitive pressures; the ability to obtain
adequate rates and policy terms; changes in AFG's credit ratings or the financial strength ratings assigned by major ratings
agencies to AFG's operating subsidiaries; the impact of the conditions in the international financial markets and the global
economy relating to AFG's international operations; and other factors identified in AFG's or NATL's filings with
the Securities and Exchange Commission.
The forward-looking statements herein
are made only as of the date of this press release. The Company assumes no obligation to publicly update any forward-looking statements.
Contact:
Diane P. Weidner
Asst. Vice President - Investor Relations
(513) 369-5713
Websites:
www.AFGinc.com
www.GreatAmericanInsuranceGroup.com
AFG16-23
Page
2

text: National Interstate Corporation

text: American Financial Group, Inc.

text: National Interstate Corporation

text: American Financial Group, Inc.

text: AFG

text: National Interstate Corporation

text: NATL

text: AFG

text: National Interstate

text: AFG

text: Great American Insurance Company

text: NATL

text: National Interstate

text: NATL

text: NATL's

text:
National
Interstate

text: NATL

text: AFG

text: AFG

text: NATL

text: AFG

text: AFG

text: National Interstate

text: National Interstate

text: National Interstate Corporation

text: National Interstate

text: National Interstate

text: National Interstate

text:
American Financial Group,
Inc.

text: AFG

text: Great American Insurance Company

text: AFG

text: AFG

text: AFG

text: AFG

text: AFG

text: AFG

text: NATL's


text:
EX-99.1
2
exhibit1.htm
EX-99.1
EX-99.1
GENUINE PARTS COMPANY
NEWS RELEASE
FOR IMMEDIATE RELEASE
GENUINE PARTS COMPANY
COMPLETES ACQUISITION OF
EUROPE'S ALLIANCE AUTOMOTIVE GROUP
ATLANTA, November 2, 2017 - Genuine Parts Company (NYSE: GPC) announced today that it has
completed the purchase of Alliance Automotive Group (AAG) for a total purchase price of
approximately $2 billion (US$), including the repayment of AAG's outstanding debt, effective today.
AAG is the second largest parts distribution platform in Europe, with a focus on light vehicle and
commercial vehicle replacement parts. Headquartered in London, AAG has approximately 8,000
employees and 2,100 company-owned stores and affiliated outlets across France, the U.K., Germany
and Poland. AAG has a consistent track record of organic revenue and earnings growth supported by
strategic investments based on a proven M&A strategy to gain scale, efficiencies and geographic
coverage.
The Company financed the purchase, including the pay-off of AAG's existing debt arrangements, with
approximately $2 billion of debt financing. Additional details related to the new debt financing
can be found in the Company's Form 8-K filed today.
About Genuine Parts Company
Genuine Parts Company is a distributor of automotive replacement parts in the U.S., Canada, Mexico
and Australasia. The Company also distributes industrial replacement parts in the U.S., Canada and
Mexico through its Motion Industries subsidiary. S. P. Richards Company, the Office Products
Group, distributes business products in the U.S. and Canada. The Electrical/Electronic Group, EIS,
Inc., distributes electrical and electronic components throughout the U.S., Canada and Mexico.
Genuine Parts Company had 2016 revenues of $15.3 billion. Further information is available at
www.genpt.com
.
About Alliance Automotive Group
Alliance Automotive Group is a leading distributor of light and commercial vehicle parts to the
independent aftermarket in France, Germany, the UK and Poland, doing business under the Groupauto
France, Précisium, Partners and Gef'Auto brands in France, Groupauto UK, UAN and FPS in the UK,
Alliance Automotive Group Germany in Germany and Groupauto Poland in Poland. AAG serves
approximately 40,000 garages with over 100,000 different parts for repair and maintenance from a
network of more than 300 company-owned stores and approximately 1,800 affiliated outlets. Further
information is available at
www.allianceautomotivegroup.eu
.
Contacts
Carol B. Yancey, Executive Vice President and CFO - (678) 934-5044
Sidney G. Jones, Senior Vice President - Investor Relations - (678) 934-5628

text: GENUINE PARTS COMPANY

text: GENUINE PARTS COMPANY

text: ALLIANCE AUTOMOTIVE GROUP

text: Genuine Parts Company

text: Alliance Automotive Group

text: Genuine Parts Company

text: Genuine Parts Company

text: Genuine Parts Company

text: Alliance Automotive Group

text: Alliance Automotive Group

text: Alliance Automotive Group


text:
EX-99.1
4
d859105dex991.htm
EX-99.1
EX-99.1
Exhibit 99.1
March 16, 2020
FOR IMMEDIATE RELEASE
SAIC Completes Acquisition of Unisys Federal
SAIC welcomes approximately 2,000 new employees creating a leading digital transformation provider to the U.S. government.
RESTON, Va., March 16, 2020 - Science Applications International Corporation (NYSE: SAIC) completed its acquisition of Unisys Federal on
March 13, 2020 for $1.2 billion in cash. First announced on Feb. 6, this highly strategic and value-creating transaction further differentiates SAIC in the government services market as a leader at the forefront of IT modernization.
Unisys Federal, an operating unit of Unisys (NYSE: UIS), is a top provider of infrastructure modernization, cloud migration, managed services, and enterprise
IT-as-a-service
through scalable and repeatable solutions serving U.S. federal civilian agencies and the Department of Defense.
Together, SAIC and Unisys Federal will deliver digital transformation to the U.S. government through market-leading, technology-enabled, intellectual property-based solutions.
"This is an exciting time for our company as we continue on our transformative journey to become the leading IT modernization provider to the U.S.
government. We are thrilled to welcome approximately 2,000 new colleagues to SAIC", said SAIC CEO Nazzic Keene. "As one organization, we will make a profound difference for our customers through digital transformation. Our people represent
some of the brightest minds in our industry, focused on innovation and excellence, delivering high-demand technology-driven solutions to customers".
With Unisys Federal, SAIC gains an attractive portfolio of scalable and repeatable IT solutions, greater customer access, a commercial-like service
delivery model, and expanded relationships with strategic alliances.
"With compelling financial benefits, including higher growth and profitability
profiles, Unisys Federal brings new customers and differentiated solutions in areas of increasing marketing demand. Following our acquisition of Engility and now Unisys Federal, we are well positioned to take the lead in two of the fastest growing
segments in government - space and IT modernization", continued Keene.
March 16, 2020
About SAIC
SAIC
®
is a premier technology integrator solving our nation's most complex modernization and
readiness challenges. Our robust portfolio of offerings across the defense, space, civilian, and intelligence markets includes
high-end
solutions in engineering, IT, and mission solutions. Using our expertise
and understanding of existing and emerging technologies, we integrate the best components from our own portfolio and our partner ecosystem to deliver innovative, effective, and efficient solutions.
We are 24,000 strong; driven by mission, united by purpose, and inspired by opportunities. Headquartered in Reston, Virginia, SAIC has pro forma annual
revenues of approximately $7.1 billion. For more information, visit saic.com. For ongoing news, please visit our newsroom.
Forward-Looking Statements
Certain
statements in this release contain or are based on "forward-looking" information within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by words such as
"expects", "intends", "plans", "anticipates", "believes", "estimates", "guidance", and similar words or phrases. Forward-looking statements in this release may include, among
others, estimates of future revenues, operating income, earnings, earnings per share, charges, total contract value, backlog, outstanding shares and cash flows, as well as statements about future dividends, share repurchases and other capital
deployment plans. Such statements are not guarantees of future performance and involve risk, uncertainties and assumptions, and actual results may differ materially from the guidance and other forward-looking statements made in this release as a
result of various factors. Risks, uncertainties and assumptions that could cause or contribute to these material differences include those discussed in the "Risk Factors", "Management's Discussion and Analysis of Financial
Condition and Results of Operations" and "Legal Proceedings" sections of our Annual Report on Form
10-K,
as updated in any subsequent Quarterly Reports on Form
10-Q
and other filings with the SEC, which may be viewed or obtained through the Investor Relations section of our website at saic.com or on the SEC's website at sec.gov. Due to such risks,
uncertainties and assumptions you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. SAIC expressly disclaims any duty to update any forward-looking statement provided in this
release to reflect subsequent events, actual results or changes in SAIC's expectations. SAIC also disclaims any duty to comment upon or correct information that may be contained in reports published by investment analysts or others.
Media Contact:
Lauren Presti
703-676-8982
lauren.a.presti@saic.com
Investor Relations Contact:
Shane Canestra
703-646-2720
shane.p.canestra@saic.com

text: SAIC

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text:
EX-99.2
3
exhibit992pressrelease.htm
PRESS RELEASE
exhibit 99.2 press release
Exhibit 99.2
MAGELLAN PETROLEUM COMPLETES AUSTRALIAN ASSET SWAP TRANSACTION WITH SANTOS
Company receives A$25 million in net proceeds and expects post closing adjustments of approximately A$3 million from Santos
Magellan cash position now stands at approximately US$45 million
Enters into 17-year contract with Santos for all Palm Valley field natural gas production with potential undiscounted revenue value of A$100 million
Denver, CO/May 30, 2012---Magellan Petroleum Corporation (NASDAQ: MPET), which focuses on exploring and maximizing the potential of its oil and gas assets in the United States, Australia, and the United Kingdom, today announced the completion of its previously announced Australian asset swap with Santos Ltd. Under the terms of the agreement, Magellan has:
▪
Received A$25.0 million in net cash proceeds and expects to receive post-closing adjustments in an additional amount of approximately A$3.6 million within the next sixty days from Santos;
▪
Increased ownership to 100% in the Palm Valley and Dingo natural gas fields;
▪
Sold all of its interests in the Mereenie oil and natural gas field to Santos;
▪
Executed a 17-year gas sales contract with Santos for the sale of natural gas production in an amount of up to 23 Bcf from the Palm Valley field, which production volumes have in turn been sold by Santos to a sizeable mining customer in Australia; and
▪
Retained the opportunity to earn up to A$17.5 million in bonus payments based on Mereenie achieving certain production milestones over the next 20 years.
As a result of the transaction's completion, Magellan's consolidated cash position has increased to approximately US$45.0 million, including expected post-closing adjustments. In addition, the 17-year contract for all of the currently existing Palm Valley field production is expected to increase Magellan's total reported proved reserves by approximately 18 Bcf of natural gas (3 MMboe) as well as to generate approximately A$100.0 million in cumulative undiscounted revenue. The Company will now focus on marketing Dingo's natural gas resources to the Australian mining industry. The Company will also undertake a review of Palm Valley in an attempt to determine if there exist additional undeveloped reserves in this field.
"Completing our asset swap transaction with Santos is a transformational milestone for Magellan Petroleum and illustrates the continued execution of our turnaround strategy set in place last year", said Tom Wilson, President and CEO of Magellan. "In addition to enhancing a very strong balance sheet, the transaction completes our Australian asset rationalization effort and provides our company with a long term, stable cash flow resource with more operational and cost control. At the same time, a potential for upside from our Australian assets has been created based on the Mereenie field achieving certain production milestones, the development of our Dingo asset, and, longer-term, the results of the upcoming seismic survey of our Bonaparte Basin asset".
"The Australian mining industry is seeking alternatives to the costly diesel oil currently used in most mining operations", continued Mr. Wilson. "Palm Valley's proximity to mining operations enabled Santos to enter into a long-term supply agreement and illustrates the current attractiveness of the Australian market for natural gas. Our goal is to directly enter into a similar agreement with a blue-chip mining customer for Dingo's natural gas resources, and we are actively pursuing such negotiations".
Magellan also announced today that the 3-D seismic survey for its 100% owned exploration block in the Bonaparte Basin, offshore Australia in the Timor Sea, is expected to be conducted in the Australian winter of 2012. The survey is designed to determine the existence, and, if so, the possible size, of a natural gas exploration prospect that existing 2-D data suggests is present on this block.
FORWARD LOOKING STATEMENTS
Statements in this release which are not historical in nature are intended to be, and are hereby identified as, forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995. These statements about the Company and its subsidiaries may relate to their businesses and prospects, revenues, expenses, operating cash flows, and other matters that involve a number of uncertainties that may cause actual results to differ materially from expectations. Among these risks and uncertainties are: (i) uncertainties inherent in the expected amount and timing of post-closing adjustments to be recovered
1
from Santos; (ii) whether the Palm Valley wells will perform as predicted and possess the existing estimated natural gas reserves, and whether there exist additional reserves in this field that can be economically produced and marketed; (iii) whether the Dingo field resources exist as currently estimated and, if so, whether these resources can be sold on acceptable terms to a third party; (iv) whether the currently perceived exploration prospect on the Bonaparte Basin license will prove to exist and yield an economically feasible field; and (v) those set forth in the Company's Risk Factors section of its most recent Form 10-K and subsequent Form 10-Qs filed with the SEC.
ABOUT MAGELLAN
Magellan is an independent energy company engaged in the exploration, development, production, and sale of crude oil and natural gas from currently held assets in the United States, Australia, and the United Kingdom. Traded on the NASDAQ since 1972, the Company conducts its operations through two wholly owned subsidiaries, Nautilus Poplar LLC, which owns Poplar, a highly attractive oil field in the Williston Basin, and Magellan Petroleum Australia Limited, a successful independent oil and gas company in Australia and the UK in existence since the 1960s. The Company's mission is to enhance shareholder value by maximizing the full potential of existing assets.
* * * * *
For further information, please contact:
Matthew Ciardiello, Manager, Investor Relations at 720.570.3858, ext. 3
2

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text:
EX-99.1
2
ex99-1.htm
PRESS RELEASE
ex99-1.htm
Investor Relations Contact:
Lauren Russi
Acxiom Investor Relations
(650) 372-2242
investor.relations@acxiom.com
Public Relations Contact:
Ines Gutzmer
Acxiom Corporate Communications
(404) 434-0237
ines.gutzmer@acxiom.com
GACXM
EACXM
Acxiom Completes LiveRamp Acquisition
Connects the Entire Marketing Ecosystem
LITTLE ROCK, Arkansas - July 1, 2014
Acxiom® (Nasdaq: ACXM), an enterprise data, analytics and software-as-a-service company, today announced that it has completed its previously announced acquisition of LiveRamp, Inc., a leading service for onboarding customer data into digital marketing applications.
Together, Acxiom and LiveRamp become the industry-leading solution for bringing offline customer data online with better matching, more connectivity and faster onboarding. The combination accelerates Acxiom's vision of a connected ecosystem that delivers true one-to-one marketing at scale. Acxiom remains committed to maintaining an open and neutral onboarding service for all industry participants.
"With the completion of the LiveRamp acquisition, we are laser focused on increasing the breadth and types of companies we serve and helping to accelerate the success of each and every one of them", said Acxiom CEO Scott Howe.
"The digital revolution has transformed the marketing landscape, and the ability to easily connect customer data across applications and channels has become a fundamental necessity of today's marketer", continued Howe. "Our goal is to be the Switzerland of data. We intend to provide equal access to onboarding services that empower everyone in the ecosystem with better data, insights and results. It all begins with connections".
Based in San Francisco, California, LiveRamp brings Acxiom a customer base of more than 200 top-tier brands and an expansive partner network with seamless integrations to nearly 100 of the leading marketing technology companies. LiveRamp will maintain its office in San Francisco and Auren Hoffman will continue to lead the LiveRamp team.
About Acxiom
Acxiom is an enterprise data, analytics and software-as-a-service company that uniquely fuses trust, experience and scale to fuel data-driven results. For over 40 years, Acxiom has been an innovator in harnessing the most important sources and uses of data to strengthen connections between people, businesses and their partners. Utilizing a channel and media neutral approach, we leverage cutting-edge, data-oriented products and services to maximize customer value. Every week, Acxiom powers more than a trillion transactions that enable better living for people and better results for our 7,000+ global clients. For more information, please visit
www.acxiom.com
.
Forward-Looking Statements
This press release may contain statements that predict or forecast future events or results, depend on future events for their accuracy or otherwise contain "forward-looking statements." These statements often include words such as "approximate", "believe", "expect", "anticipate", "intend", "plan", "estimate" or similar expressions. These forward-looking statements are not historical facts, and are based on current expectations, estimates and projections about our industry, management's beliefs and certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond our control. Accordingly, readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Actual results may differ materially as a result of various factors, some of which are beyond our control. Although we believe that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. Unless otherwise required by law, we also disclaim any obligation to update our view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made in this current report.
Acxiom is a registered trademark of Acxiom Corporation.
To automatically receive Acxiom financial news by email, please visit
www.acxiom.com
and subscribe to email alerts.

text: Acxiom

text: Acxiom

text: Acxiom

text: LiveRamp

text: Acxiom

text: LiveRamp, Inc.

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text:
EX-99.1
2
v014030_ex99-1.txt
FOR IMMEDIATE RELEASE
YUKON GOLD CORPORATION, INC.
YUKON GOLD CORPORATION, INC. ACQUIRES THE MARG DEPOSIT, A VMS RESOURCE,
IN THE MAYO MINING DISTRICT, YUKON
Toronto, Canada, March 2, 2005, Yukon Gold Corporation, Inc. ("Yukon Gold"),
(OTCBB: YGDC) announced today that it has acquired the Marg Deposit, a
volcanogenic massive sulphide ("VMS") property consisting of 402 contiguous
mineral claims covering approximately 20,000 acres, located in the central Yukon
Territory.
MARG DEPOSIT MINERAL RESOURCE ESTIMATE
Based on a 1997 ore resource study by Franzen Mineral Engineering Ltd.
("Franzen"), the Marg Deposit has a drill indicated resource of 5,527,002 metric
tonnes (6,100,000 tons) grading 1.76% copper, 4.60% zinc, 2.46% lead, 62.7 g. of
silver and 0.98 g. of gold per ton over an average true width of 6.1 metres (20
ft.). (The Franzen report is not 43-101 certified, although Yukon Gold is
currently in the process of updating it to meet 43-101 standards). The Thickest
and richest intersection, 16.2 metres (53 ft.) true width at the westerly end of
the resource averaged 2.82% copper, 2.46% lead, 5.50% zinc, 82.5 g of silver and
1.84 g. of gold per ton. Open along strike in both directions and down dip, the
Company believes this classic base metal deposit has potential for substantial
increased tonnage. This also indicates potential increased massive sulphide
thicknesses to the west. A preliminary evaluation by Yukon Gold's engineers and
geologists has determined this outcropping deposit with its favorable
topography, resource base and excellent exploration potential, has production
potential.
HISTORICAL DEPOSIT ASSESSMENT
In 1996, a 29 hole, 8,518 metre diamond drilling program was completed at the
Marg property which was designed to expand the previously reported 1990 drill
indicated mineral resource of 2.9 million tonnes grading 1.62% copper, 2.25%
lead, 4.17% zinc, 55.9 g. of silver and 0.89 g of gold per ton. Franzen was
commissioned to prepare an assessment of the mineral reserve of the Marg
property. In 135 massive sulphide intercepts in 76 diamond drill holes totaling
20,494 metres, four gently to moderately inclined, polymetallic massive sulphide
horizons (A, B, C and D) in a 100 metre thick quartz-sericite schist and
graphitic phyllite structural succession were outlined. The massive sulphide
horizons are up to 23 metres thick and have been traced along a strike length of
1,200 metres and up to 700 metres down dip. They remain open to extension at
depth and along strike. An updated drill indicated mineral resource with a
minimum 3 metre width has been assigned to each of the four horizons as follows:
--------------------------------------------------------------------------------
Horizon Thickness Metric Tonnes Cu Pb Zn Ag Au
(m) (%) (%) (%) (g/t) (g/t)
--------------------------------------------------------------------------------
A 4.8 133,018 1.22 2.09 3.93 65.5 1.09
--------------------------------------------------------------------------------
B 3.7 866,081 1.68 2.21 4.10 61.1 0.90
--------------------------------------------------------------------------------
C 8.6 1,748,894 1.65 2.39 4.25 71.2 1.22
--------------------------------------------------------------------------------
D 5.1 2,779,009 1.88 2.61 5.03 57.8 0.85
--------------------------------------------------------------------------------
Total 6.0 5,527,002 or 1.76 2.46 4.60 62.7 0.98
6,100,000 Tons
--------------------------------------------------------------------------------
TERMS OF ACQUISITION
A one hundred percent (100%) interest in the Marg Property is being acquired by
Yukon Gold, subject to the terms of a Purchase and Sale Agreement with Atna
Resources Ltd. ("Atna"). Under the terms of this agreement, Yukon Gold paid
$150,000 cash and 133,333 Yukon Gold shares down to acquire the property.
Subsequent payments are as follows: $50,000 cash and an additional 133,333
shares on or before December 12, 2005; $100,000 cash and an additional 133,334
shares on or before December 12, 2006; $100,000 cash on or before December 12,
2007; and, $200,000 cash on or before December 12, 2008, payable in any
combination of cash and shares. Upon the commencement of commercial production,
Yukon Gold shall pay to Atna $1,000,000 in any combination of cash and shares.
(All dollar amounts are in Canadian)
ACQUISITION OVERVIEW AND WORK PROGRAM ACTIVITY
With the Marg Deposit acquisition, Yukon Gold has significantly increased its
resource base and has assembled one of the largest land positions in the Yukon
Territory's Mayo Mining District. Mr. Warren Holmes, Chairman and CEO of Yukon
Gold expanded this fact by stating, "The acquisition of the Marg asset
constitutes a logical step in the mandate of the company to acquire advanced
projects and provides an opportunity for early production. This is a significant
mineral resource with excellent exploration potential to increase tonnage moving
forward. Our plan to acquire mineral deposits and drill indicated resources that
can be taken to production in the highly prolific Tombstone Gold Belt with a
centralized milling facility for these late stage properties is well underway".
YUKON GOLD PROPERTY OWNERSHIP
Within 20 miles of the newly acquired Marg deposit is Yukon Gold's Mount Hinton
project covering about 14,000 acres located southeast of the Keno Hill mining
camp and is part of the 340 mile long Tombstone Gold Belt. Yukon Gold has been
exploring the property for the past two years and over 50 well mineralized
gold/silver veins have been identified within a 1,000 foot wide and over two
mile long vein fault structure. To date, individual samples from these veins
have returned grades of up to 5.0 ounces of gold and 30.0 ounces of silver per
ton. Work planned for this year should lead to the selection of a portal site
for underground development.
ABOUT YUKON GOLD
Yukon Gold Corporation, Inc. is an active and progressive public junior
exploration and development company trading on the NASDAQ OTCBB under the symbol
"YGDC". The Company's main focus is its newly acquired VMS deposit (Marg
Property) and its Mount Hinton gold and silver exploration project in the
Central Yukon Territory of Canada. These properties lie within the Tombstone
Gold Belt, world renowned for the discovery of major gold and base metal
deposits. Within immediate proximity to the Company's Projects are a number of
idle, former producing mines and drill indicated resources which Yukon Gold
plans to target for acquisition. Please visit our Web site at:
www.yukongoldcorp.com
For More Information, Please Contact:
Corporate Contact: Investor Relations Contact:
Yukon Gold Corporation, Inc. First Canadian Capital
Paul Gorman Dan Boase
(416) 865-9869 Vice President
Toll Free (800) 295-0671 (416) 742-5600
E: pgorman@yukongoldcorp.com E: dboase@firstcanadiancapital.com
------------------------- -------------------------------
Company Website: www.yukongoldcorp.com
FORWARD-LOOKING STATEMENTS: This news release contains certain "forward-looking
statements" within the meaning of Section 21E of the United States Securities
Exchange Act of 1934, as amended. Except for statements of historical fact
relating to the company, certain information contained herein constitutes
forward-looking statements. Forward-looking statements are frequently
characterized by words such as "plan", "expect", "project", "intend", "believe,"
"anticipate", "estimate" and other similar words, or statements that certain
events or conditions "may" or "will" occur. Forward-looking statements are based
on the opinions and estimates of management at the date the statements are made,
and are subject to a variety of risks and uncertainties and other factors that
could cause actual events or results to differ materially from those projected
in the forward-looking statements. These factors include the inherent risks
involved in the exploration and development of mineral properties, the
uncertainties involved in interpreting drilling results and other ecological
data, fluctuating metal prices, the possibility of project cost overruns or
unanticipated costs and expenses, uncertainties relating to the availability and
costs of financing needed in the future and other factors. The Company
undertakes no obligation to update forward-looking statements if circumstances
or management's estimates or opinions should change. The reader is cautioned not
to place undue reliance on forward-looking statements.

text: YUKON GOLD CORPORATION, INC.

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text: Yukon Gold Corporation, Inc.

text: Yukon Gold

text: Marg Deposit

text: MARG DEPOSIT

text: Marg Deposit

text: Yukon Gold

text: Yukon Gold

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text:
Atna
Resources Ltd.

text: Yukon Gold

text: Yukon Gold

text: Yukon Gold

text: Marg Deposit

text: Yukon Gold

text: Warren Holmes

text:
Yukon
Gold

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text:
EX-99.1
4
d300421dex991.htm
EX-99.1
EX-99.1
Exhibit 99.1
Lexmark announces completion of acquisition by Apex Technology and PAG Asia Capital
LEXINGTON, Ky. - Nov. 29, 2016 -
.
Lexmark International, Inc. today announced the successful completion of the acquisition by a consortium of investors (Consortium) led by Apex Technology Co., Ltd. (Apex) and PAG Asia Capital (PAG). Under the terms of
the merger agreement, which was announced on April 19, 2016, Lexmark shareholders will receive $40.50 per share in cash. Legend Capital Management Co. Ltd. (Legend Capital) is also a member of the Consortium.
.
The completion of the transaction follows the receipt of all the necessary approvals, including approval by Lexmark shareholders, regulatory approvals in the U.S., including the Committee on Foreign Investment, China
and certain other foreign jurisdictions, and other customary closing conditions.
.
The Consortium will maintain Lexmark's corporate headquarters in Lexington, Kentucky. David Reeder, formerly Lexmark vice president and chief financial officer, has been named the company's new president and
chief executive officer, succeeding Paul Rooke.
.
Lexmark's Enterprise Software group will be separated from Lexmark and rebranded to Kofax. The Consortium and Lexmark will engage in a process to sell the business while focusing on growing the imaging business,
particularly in China and the Asia-Pacific region.
.
Lexmark common stock (NYSE: LXK) has ceased trading on the New York Stock Exchange.
.
Shareholders holding their shares directly through Lexmark's transfer agent will receive a letter of transmittal from the paying agent detailing how to obtain their merger consideration. Shareholders holding their
Lexmark shares through an account with their broker, investment dealer, bank, trust company or other intermediary will receive payment through that account, and should contact their intermediary if they have any questions about this process.
.
Goldman, Sachs & Co. acted as financial advisor to Lexmark, and Wachtell, Lipton, Rosen & Katz acted as the company's legal counsel.
Lexmark International, Inc.
1.859.232.2000
740 West New Circle Road
info@lexmark.com
Lexington, KY 40550
Lexmark.com
USA
.
Moelis & Company acted as financial advisor to the Consortium, along with Skadden, Arps, Slate, Meagher & Flom and King & Wood Mallesons as legal counsel.
Supporting Quotes
"We are excited to have completed
the transaction, which provides significant cash value to our shareholders, benefits our customers and provides new opportunities for our employees", said Paul Rooke, Lexmark's former chairman and chief executive officer.
"I have had 25 fantastic years at Lexmark, the last six as chairman and chief executive officer", added Rooke. "As the company enters its next
phase, it is time for the next generation of leadership to continue the work to ensure Lexmark's industry leadership.
"David Reeder is an
extraordinary leader and has spent his entire career in technology. Since joining Lexmark, David has worked closely with me on transforming the business, and I believe he is well equipped to continue Lexmark's transformation for our customers
and employees", Rooke said.
"I'm incredibly excited about Lexmark's future", said David Reeder, Lexmark's new president and
chief executive officer. "Lexmark has employees across the globe who are truly passionate about technology and helping customers better manage their imaging and output needs.
"We are now uniquely positioned to grow the company in China and greater Asia, along with continuing to deliver industry-leading products and services to
customers in other regions of the world. I'm honored to lead Lexmark into its next phase of opportunities and growth", Reeder added.
Lexmark
Lexmark International, Inc. is based in
Lexington, Kentucky, and employs 13,000 people worldwide.
It was formed in 1991 as a spinoff from IBM and listed on the New York Stock Exchange in 1995.
For 25 years, Lexmark has provided innovative printing and imaging products as well as business process solutions and services to customers in over 170 countries across the globe. It offers a full range of high-end laser printing products and
document management solutions, and is a pioneer in the managed print services field, helping clients more efficiently maintain, operate and service their printer fleets. Lexmark products are used by some of the world's largest companies, in
industries from financial services to logistics to health care. In 2015, Lexmark reported more than
Lexmark International, Inc
740 West New Circle Road
Lexington, KY 40550
USA
$3.5 billion in revenue, with 56% coming from outside the U.S.
The new shareholders will provide
Lexmark with strong financial backing, open new market opportunities, enhance its R&D capabilities, and enable Lexmark to continue to improve its premium products and unrivaled customer focus. Its partnership with Apex will allow it to offer a
complete line of printer products, streamline its development and supply chains, and extend its reach into the growing markets of China, the rest of Asia and elsewhere.
Apex
Apex Technology Co., Ltd. designs,
manufactures, and markets inkjet and laser cartridge components including cartridge chips, rollers, toner, ink, and other core parts for remanufacturers and distributors, and is one of the largest manufacturers and solution providers for global
aftermarket imaging supplies and cartridge chips. Apex built its global sales network in over 100 countries, leading the industry in its core competitiveness in patents and technologies.
The company entered the industry in 2000 and is headquartered in Zhuhai, Guangdong, China. Apex is listed on the Shenzhen Stock Exchange (002180). Zhuhai
Seine Technology Co., Ltd. (Seine) is the largest shareholder of Apex, holding approximately 68.7% of its voting shares. Apex shareholders also control Pantum Electronics Co., Ltd., China's first printer and printing solutions provider. Pantum
can realize great synergies with Lexmark in its full product line of middle and low-end products.
PAG
PAG Asia Capital is the private equity buyout arm of PAG, one of Asia's largest private alternative asset management platforms with funds under management
across private equity, real estate and absolute return strategies. Founded in 2002, PAG currently has $16 billion in capital under management, with 380 staff across offices in Asia.
Legend Capital
Legend Capital is the venture
capital arm of Legend Holdings (SEHK:3396), one of the largest diversified holding corporations in China, and has been a shareholder of Seine since 2007. Legend Capital focuses on China-related innovation and growth opportunities, and has been
investing in the technology sector for the past 15 years. Legend Capital has total assets under management of $3.7 billion.
Lexmark International, Inc
740 West New Circle Road
Lexington, KY 40550
USA
Lexmark and the Lexmark logo are trademarks of Lexmark International, Inc., registered in the U.S. and/or other
countries. All other trademarks are the property of their respective owners.
Media Contact:
Jerry Grasso
(859) 232-3546
ggrasso@lexmark.com
Lexmark International, Inc
740 West New Circle Road
Lexington, KY 40550
USA

text: Lexmark

text: Apex Technology

label: fund

text: PAG Asia Capital

override: fund

text: Lexmark International, Inc.

text: Apex Technology Co.

text: PAG Asia Capital

text: Lexmark

text: Lexmark

text: Lexmark

text: Lexmark

text: Lexmark

text: Lexmark

text: Lexmark

text: Lexmark

text: Lexmark

text: Lexmark

text: Goldman, Sachs & Co.

text: Lexmark

text: Wachtell, Lipton, Rosen & Katz

text: Lexmark International, Inc.

text: Moelis & Company

text: Skadden, Arps, Slate, Meagher & Flom

text: King & Wood Mallesons

text: Lexmark

text: Lexmark

text: Lexmark

text: Lexmark

text: Lexmark

text: Lexmark

text: Lexmark

text: Lexmark

text: Lexmark

text: Lexmark

text: Lexmark International, Inc.

text: Lexmark

text: Lexmark

text: Lexmark

text: Lexmark

text: Lexmark

text: Apex Technology Co.

text: Lexmark

text: PAG Asia Capital

text: Lexmark

text: Lexmark

text: Lexmark International, Inc.


text:
EX-99
2
newsrelease.htm
PRESS RELEASE
First Federal Bank Assumes the Deposits and Purchases Substantially All the Assets of Plantation Federal Bank in an FDIC-Assisted Transaction
EXHIBIT 99.1
First Federal Bank Assumes the Deposits and Purchases Substantially All the Assets of Plantation Federal Bank in an FDIC-Assisted Transaction
CHARLESTON, S.C., April 27, 2012 (GLOBE NEWSWIRE) -- First Financial Holdings, Inc. ("First Financial") (Nasdaq:FFCH), the holding company for First Federal Bank ("First Federal"), announced today that First Federal has entered into a purchase and assumption agreement that includes a commercial loan loss share arrangement with the Federal Deposit Insurance Corporation ("FDIC") to assume all deposits as well as certain assets and other liabilities of Plantation Federal Bank ("Plantation"), a full-service community bank headquartered in Pawleys Island, South Carolina. The transaction was effective at the close of business today.
Plantation, a federally chartered stock savings bank established on October 20, 1986, operated three branches along the coast of South Carolina under the name of Plantation Federal and three branches in the upstate region of South Carolina under the name of First Savers Bank ("First Savers").
"We are excited to welcome our new customers and associates to First Federal", said R. Wayne Hall, president and chief executive officer of First Federal. "The customer base of Plantation Federal and First Savers was a significant attraction to our company in considering this transaction. This is strategically beneficial to First Federal as we enter the Greenville market and expand our current presence in the Grand Strand Market, which includes Pawleys Island, Murrells Inlet and Myrtle Beach. Our knowledge and familiarity with these communities will facilitate a smooth integration which will in turn allow us to focus on what we do best - providing our customers with the highest level of service, competitive products, and sound banking".
Highlights of the transaction are summarized below (based on the FDIC's publicly available information as of December 31, 2011):
Total assets of $486.4 million
Total loans of $348.6 million, before loan discounts
Loss-share agreement covers all commercial loans and foreclosed real estate, totaling approximately $220 million, before loan discounts
Total deposits of $440.5 million, on which no deposit premium was paid
On a pro forma basis, based on FDIC data, the acquisition elevates First Federal's market position in two strategically important markets, as it will have the 6
th
largest deposit market share in the Myrtle Beach market and the number one deposit market share in the Georgetown/Pawleys Island market. Additionally, the acquisition provides for First Federal's initial entry into the demographically attractive Greenville market
"In addition to the compelling strategic attributes, we expect this transaction will be immediately accretive to both projected EPS as well as tangible book value. Given First Federal's current capital base, no additional external capital was necessary to support this transaction and First Federal remains well capitalized from a regulatory perspective", stated Hall.
All Plantation and First Savers offices will reopen during their normal business hours and operate as First Federal Bank financial centers on Monday, April 30, 2012. Plantation and First Savers depositors will automatically become depositors of First Federal and their deposits continue to be insured by the FDIC. Over the weekend, former Plantation and First Savers customers will continue to have access to their funds through debit cards, checks and online banking. Checks drawn on Plantation or First Savers will continue to be processed by First Federal without interruption. Customers should bank as they normally do at their existing branches and contact representatives at any of the former Plantation or First Savers locations or at any First Federal location with any questions about the transaction.
First Financial was advised in the transaction by Sandler O'Neill + Partners, L.P. and Nelson Mullins Riley & Scarborough LLP.
About First Financial
First Financial Holdings, Inc. ("First Financial") (Nasdaq:FFCH) is a Charleston, South Carolina financial services provider with $3.1 billion in total assets as of March 31, 2012. First Financial offers integrated financial solutions, including personal, business, and wealth management services. First Federal Bank ("First Federal"), which was founded in 1934 and is the primary subsidiary, serves individuals and businesses throughout coastal South Carolina, Florence, South Carolina, Greenville, South Carolina, and Wilmington, North Carolina. First Financial subsidiaries include: First Federal; First Southeast Investor Services, Inc., a registered broker-dealer; and First Southeast 401(k) Fiduciaries, Inc., a registered investment advisor. First Federal is the largest financial institution headquartered in the Charleston, South Carolina metropolitan area and the third largest financial institution headquartered in South Carolina, based on asset size. Additional information about First Financial is available at www.firstfinancialholdings.com.
A conference call for institutional investors and analysts is already scheduled for Monday, April 30, 2012 at 2:00 p.m. (ET) to discuss First Financial's first quarter financial results. This transaction will also be discussed on that call.
A live webcast of the presentation will be available at www.firstfinancialholdings.com. The webcast will be recorded and available for 90 days.
Forward-Looking Statements
Statements in this release that are not statements of historical fact, including without limitation, statements that include terms such as "believes", "expects", "anticipates", "estimates", "forecasts", "intends", "plans", "targets", "potentially", "probably", "projects", "outlook", or similar expressions or future conditional verbs such as "may", "will", "should", "would", or "could" constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements regarding First Financial's future financial and operating results, plans, objectives, expectations and intentions involve risks and uncertainties, many of which are beyond First Financial's control or are subject to change. No forward-looking statement is a guarantee of future performance and actual results could differ materially. Factors that could cause or contribute to such differences include, but are not limited to, the general business environment, general economic conditions nationally and in the States of North and South Carolina, interest rates, the North and South Carolina real estate markets, the demand for mortgage loans, the credit risk of lending activities, including changes in the level and trend of delinquent and nonperforming loans and charge-offs, changes in First Federal's allowance for loan losses and provision for loan losses that may be affected by deterioration in the housing and real estate markets; results of examinations by banking regulators, including the possibility that any such regulatory authority may, among other things, require First Federal to increase its allowance for loan losses, writedown assets, change First Federal's regulatory capital position or affect its ability to borrow funds or maintain or increase deposits, which could adversely affect liquidity and earnings; First Financial's ability to control operating costs and expenses, First Financial's ability to successfully integrate any assets, liabilities, customers, systems, and management personnel acquired or may in the future acquire into its operations and its ability to realize related revenue synergies and cost savings within expected time frames and any goodwill charges related thereto, competitive conditions between banks and non-bank financial services providers, and regulatory changes including the Dodd-Frank Wall Street Reform and Consumer Protection Act. Other risks are also detailed in First Financial's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and current reports on Form 8-K filings with the Securities and Exchange Commission ("SEC"), which are available at the SEC's website
www.sec.gov
. Other factors not currently anticipated may also materially and adversely affect First Financial's results of operations, financial position, and cash flows. There can be no assurance that future results will meet expectations. While First Financial believes that the forward-looking statements in this release are reasonable, the reader should not place undue reliance on any forward-looking statement. In addition, these statements speak only as of the date made. First Financial does not undertake, and expressly disclaims any obligation to update or alter any statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
CONTACT: First Financial Holdings, Inc.
Blaise B. Bettendorf
Executive Vice President and Chief Financial Officer
(843) 529-5931 or (843) 529.5456
investorrelations@firstfinancialholdings.com
bbettendorf@firstfinancialholdings.com

text: First Federal Bank

text: Plantation Federal Bank

text: First Federal Bank

text: Plantation Federal Bank

text: First Federal Bank

text: First Federal

text: First Federal

text: Plantation Federal Bank

text: First Federal

text: R. Wayne Hall

text: First Federal

text: First Federal

text: First Federal

text: First Federal

text: First Federal

text: First Federal

text: First Federal Bank

text: First Federal

text: First Federal

text: First Federal

text: Sandler O'Neill + Partners, L.P.

override: organization

text: Nelson Mullins Riley & Scarborough LLP

text: First Federal Bank

text: First Federal

text: First Federal

text: First Federal

text: First Federal

text: First Federal

text: First Federal


text:
EX-99.1
2
ex-99_1.txt
a21 Acquires Ingram Publishing Limited
New Subscription Offering, Solid Royalty-Free Brand and European Presence Are
Keys to Purchase
Jacksonville, FL - October 12, 2005 - a21, Inc. ("a21") (OTCBB: ATWO), a leading
online digital content marketplace for creative professionals, today announced
it has acquired Ingram Publishing Limited, a UK-based provider of subscription,
CD and individual Royalty-Free images as well as vector graphics and fonts,
vehicle outline templates, and print price guides for the worldwide graphics
design, printing, sign-making, advertising and publishing communities. a21
projects this acquisition to be accretive to its earnings and cash flow.
Ingram, founded in 1988, is a global publisher and distributor of Royalty-Free
visual content. Its growing archive, with over 100,000 images, ranges from a
just-launched subscription offering (www.ingramstock.com) to single images and
CD-ROMs that contain a library of high-quality digital images based on multiple
themes. The company's operations are based in Tattenhall, Cheshire, UK and its
products are sold both directly to end users and through a wide network of
distributors.
"We believe that Ingram Publishing has built a valuable portfolio of customers,
photographers, distributors, and products within the UK and other European
markets - one that we expect to be highly complementary to our SuperStock
subsidiary", said Thomas V. Butta, a21 Vice-Chairman and President. "In
particular, we are very excited about the launch of IngramStock.com and the
opportunity it provides to expand SuperStock's offerings to include an
innovative subscription product with multi-language and multi-currency
capabilities. In addition, we believe that Ingram's outstanding management team
should enhance our worldwide operations".
Louis Ingram added, "SuperStock provides us with an excellent opportunity to
cross-leverage our products, customers and distribution channels with theirs,
and a platform upon which we can work on building a global competitor." Ingram
founders and principals Louis Ingram, John Bohill and Cathal Sheehy have all
accepted positions within the company's UK operations.
About a21/SuperStock
a21 (http://www.a21group.com) is a leading digital content marketplace for the
professional creative community. Through SuperStock (http://www.superstock.com),
a21 delivers high quality images and exceptional customer service. Together a21
and SuperStock provide a whole new level of image access to photographers,
artists, photography agencies and other customers, offering a valuable and
viable choice in the stock image industry.
Media Contact Investor Relations Contact
Joe Gavaghan Ed Lewis
617.283.4936 212.732.4300
joegavaghan@a21group.com elewis@ceocast.com
The statements contained in this press release contain certain forward-looking
statements, including statements regarding a21, Inc.'s expectations, intentions,
strategies and beliefs regarding the future. All statements contained herein are
based upon information available to a21, Inc. management as of the date hereof
and actual results may vary based upon future events, both within and without
the control of a21, Inc.'s management.

text: Ingram Publishing Limited

text: Ingram Publishing Limited


text:
EX-99.1
2
v179109_ex99-1.htm
NEWS RELEASE
THE
STEAK N SHAKE COMPANY
NEWS
RELEASE
FOR IMMEDIATE RELEASE
March 30,
2010
San
Antonio, TX - The Steak n Shake Company (NYSE: SNS) announced today the closing
of its acquisition of Western Sizzlin Corporation (NASDAQ: WEST), effective as
of March 30, 2010. The acquisition was affected by means of a merger
of Western Sizzlin with and into a subsidiary of Steak n Shake, with Western
Sizzlin continuing as the surviving corporation and as a wholly-owned subsidiary
of Steak n Shake.
As a
result of the merger, former Western Sizzlin stockholders will
receive a pro rata portion of subordinated debentures issued by Steak n
Shake in the aggregate principal amount of $22,959,000 (or approximately $8.07
principal amount for each former Western Sizzlin share). This new
issue of 14% redeemable subordinated debentures due 2015 will be issued only in
principal amounts of $1,000 or whole multiples of that amount; fractional
interests in debentures will be settled in cash. Steak n Shake will
promptly mail all Western Sizzlin stockholders of record, as of the close of
business on March 30, 2010, a transmittal form by which they may surrender their
stock certificate and obtain the merger consideration. All
debentures, regardless of when delivered to a Western Sizzlin stockholder, will
bear interest from March 30, 2010.
Risks
Associated with Forward-Looking Statements
This news
release may include "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995 and other federal securities
laws. These statements which may concern anticipated future results are based on
current expectations and are subject to a number of risks and uncertainties that
could cause actual results to differ markedly from those projected or discussed
here. Steak n Shake cautions readers not to place undue reliance upon any such
forward-looking statements, for actual results may differ materially from
expectations. Steak n Shake does not undertake to publicly update or revise any
forward-looking statements even if experience or future changes make it clear
that any projected results expressed or implied therein will not be realized.
Further information on the types of factors that could affect Steak n Shake and
its business can be found in the company's filings with the SEC.

text:
THE
STEAK N SHAKE COMPANY

text: The Steak n Shake Company

text: Western Sizzlin Corporation


text:
EX-99.1
7
v051724_ex99-1.htm
EXHIBIT
99.1
Nutrition
21 Completes Purchase of Iceland Health
and
Enters the Omega 3 Market
Combination
of Nutrition 21 and Iceland Health Organizations
Creates
a Consumer Health Products Company
with
Broad Marketing and Distribution Capabilities
PURCHASE,
N.Y., August 29, 2006 - Nutrition 21, Inc., (NASDAQ: NXXI) today
announced that it has completed the acquisition of Iceland Health, Inc.
Iceland
Health has developed a leading brand position in the Omega-3 market, the fastest
growing category in the supplement industry. It has exclusive U.S. rights to
market and sell fish oil and omega-3 fatty acids that are manufactured by an
Iceland company to pharmaceutical standards utilizing a patented distillation
process. It has marketed its products through direct response channels including
TV infomercials, print, radio, direct mail and internet e-commerce. Unaudited
revenues for the 12 months ended June 30, 2006 were approximately $26
million.
According
to Nutrition
Business Journal
total
U.S. retail sales of fish oils/Omega-3's for all distribution channels grew from
$187 million in sales in 2003 to $261 million in sales in 2004. According to
Information Resources (IRI) data for food, drug and mass retailers, sales of
Omega-3 fatty acids grew 106% for the 52 weeks ending May 21, 2006.
"The
acquisition of Iceland Health builds on our strategy to leverage our biosciences
roots and to continue to develop and market proprietary and clinically
substantiated nutraceuticals that address significant health care concerns,"
said Paul Intlekofer, President and CEO of Nutrition 21. "The American Heart
Association recommends Omega-3 fatty acids for numerous heart health benefits.
With the volume of studies behind fish oil and Omega-3 fatty acids, the science
is very solid".
"Over
the
last year Nutrition 21 has transitioned from an ingredients model to a supplier
of finished products. The combined business of Nutrition 21 and Iceland Health
offers a broad line of proprietary products shown to be effective in the areas
of insulin resistance, obesity, diabetes, cardiovascular disease, depression
and
joint health. We have a talented retail sales force and established
relationships with the major retailers in the U.S. and will take the Iceland
Health franchise into retail. In turn, we are excited about further supporting
our Chromax® chromium picolinate marketing initiatives with TV advertising and
other direct marketing".
Mark
Stenberg and Arnold Blair, the former principals of Iceland Health, have joined
Nutrition 21 as executives. Mr. Stenberg said "We are getting to work
immediately to combine Iceland Health expertise and products with those of
Nutrition 21 to build a formidable consumer health products
company."
Financial
Details
The
purchase price for Iceland Health consisted of 8 million shares of Nutrition
21
common stock, $1 million in cash, $2.5 million in notes due in three years
with
5% interest, a maximum of $2.5 million in earn out payments, and the potential
issuance of 1.5 million additional shares of common stock depending on the
market price of Nutrition 21 stock a year after the closing. Mark Stenberg
and
Arnold Blair have signed three-year employment agreements with Nutrition
21.
About
Nutrition 21
Nutrition
21 is a nutritional bioscience company and the maker of chromium-based
supplements with health benefits substantiated by clinical research. The company
markets Chromax®
chromium
picolinate, http://www.chromax.com/,
which
is the most-studied form of the essential mineral chromium. Chromax, a
supplement for healthy and pre-diabetic people that promotes insulin health
and
helps improve blood sugar metabolism, cardiovascular disease, control
carbohydrate cravings and fight weight gain, is now available through food,
drug
and mass retailers nationwide. Nutrition 21 also developed and markets
Diachrome®,
http://www.diachrome.com/
, a
proprietary, non-prescription, insulin sensitizer for people with type 2
diabetes. It is available in select drug retailers nationwide. Nutrition 21
holds 36 patents for nutrition products and uses, 27 of which are for chromium
compounds and their uses. More information is available at http://www.nutrition21.com.
About
Iceland Health
Iceland
Health is a leading provider of consumer health products that leverage the
unique attributes of the Icelandic people. The Company is the exclusive importer
of Icelandic fish oils and omega-3 fatty acids that are manufactured to
pharmaceutical standards utilizing a patented distillation process. The Company
primarily uses direct response as its customer acquisition vehicle. For more
information see http://icelandhealth.com.
Safe
Harbor Provision
This
press release may contain certain forward-looking statements. The words
"believe", "expect", "anticipate", "intend" and other similar expressions
generally identify forward-looking statements. Readers are cautioned not
to place undue reliance on these forward-looking statements, which speak only
as
of their dates. These forward-looking statements are based largely on the
Company's current expectations and are subject to a number of risks and
uncertainties, including without limitation: the effect of the expiration of
patents; regulatory issues; uncertainty in the outcomes of clinical trials;
changes in external market factors; changes in the Company's business or growth
strategy or an inability to execute its strategy due to changes in its industry
or the economy generally; the emergence of new or growing competitors; various
other competitive factors; and other risks and uncertainties indicated from
time
to time in the Company's filings with the Securities and Exchange Commission,
including its Form 10-K for the year ended June 30, 2005. Actual results could
differ materially from the results referred to in the forward-looking
statements. In light of these risks and uncertainties, there can be no
assurance that the results referred to in the forward-looking statements
contained in this press release will in fact occur. Additionally, the
Company makes no commitment to disclose any revisions to forward-looking
statements, or any facts, events or circumstances after the date hereof that
may
bear upon forward-looking statements.
CONTACT: Maryrose
Lombardo, 914.701.4525

text:
Nutrition
21

text: Iceland Health

text: Nutrition 21

text: Iceland Health

text: Nutrition 21, Inc.

text: Iceland Health, Inc

text:
Iceland
Health

text: Iceland Health

text: Paul Intlekofer

text: Nutrition 21

text: Nutrition 21

text: Nutrition 21

text: Iceland Health

text:
Iceland
Health

text: Iceland Health

text: Nutrition 21

text: Iceland Health

text: Nutrition 21

text: Iceland Health

text:
Nutrition
21

text: Nutrition 21

text:
Nutrition
21

text: Nutrition 21

text:
Nutrition
21

text: Nutrition 21

text: Nutrition 21

text: Iceland Health

text:
Iceland
Health


text:
EX-99.1
18
press_releasexfncxx712645p.htm
EXHIBIT 99.1
Exhibit
Function(X) Inc. Completes Acquisition of Rant Inc.,
Accelerates Growth in Social Publishing
Renewed Commitment from Largest Shareholder and $4MM Round of Financing Shows Confidence in Future
NEW YORK - July 13 2016, - Function(X) Inc. (Nasdaq: FNCX), formerly DraftDay Fantasy Sports Inc. (Nasdaq: DDAY) has completed an acquisition of assets of Rant Inc., which complements its existing Wetpaint social publishing business expanding into sports, lifestyle, and entertainment verticals. Simultaneously with the purchase, Function(X) successfully completed a PIPE transaction raising $4,000,000 for use in the purchase and for working capital. In connection with these transactions, Robert F.X. Sillerman has committed to convert to Function(X) common stock all of the debt and preferred shares of approximately $35MM, subject to certain terms, conditions and restrictions. This conversion will further strengthen the Company's balance sheet. Aegis Capital Corp served as the placement agent for the transaction.
Rant, Inc. is a leading digital publishing network that creates original content -- most notably in sports, entertainment and pets - that reaches major demographics. In 2015, Rant was named as the 18th Fastest Growing Private Company by Inc. magazine and the 31st Most Promising Company in America by Forbes as its network delivered up to 11 monthly visits per visitor, twice as much as industry leaders BuzzFeed and Vox in some months. Adweek reported that Rant's flagship RantSports.com property was ranked #1 by Quantcast for target digital ad buying for the 2015 holiday season, indicating the power of reaching a targeted audience.
In their best months combined, Wetpaint and Rant have received over 50 million monthly visitors to their properties. The combined properties currently have approximately 15 million fans on their Facebook pages and generate up to 300 million video views per month. Wetpaint and Rant will have an editorial team of 30 writers and will be able to draw upon content from more than 400 pre-screened writers.
Wetpaint (Wetpaint.com) is the fastest growing entertainment news destination for millennial women. Covering the latest in television, music, and pop culture, Wetpaint reaches over 10 million enthusiasts on a monthly basis. Cementing its position as a leader in the social media industry, Wetpaint recently won the award for Most Innovative Use of Social Media at Incite's Corporate Social Media awards. This honor showcases Wetpaint's resilience in the face of numerous Facebook algorithm changes over the last year and illustrates how effective its proprietary SDS technology is. Wetpaint has also enjoyed a number of social media takeovers by popular celebrities, most recently, when the Orange is the New Black cast took Wetpaint fans on their float at the New York Pride March.
Additionally, positive developments in the world of daily fantasy sports gives the company many options, with several states recognizing the appeal and benefits of this rapidly growing industry. As the company explores those options, Draft Day Gaming Group is positioned to expand in the U.S. with an active pipeline focused on regulated operators. Outside of the U.S., Draft Day Gaming Group launched the DraftStars daily fantasy platform for CrownBet, the leading sports betting operation in Australia.
Robert F.X. Sillerman, Executive Chairman and Chief Executive Officer, commented, "Function X is often referred to in mathematics as the largest possible number. That is the goal of the company, to achieve the maximum results possible. The combination of Wetpaint and Rant along with the recent momentum in fantasy sports positions us to achieve significant levels of success. Clearly, my commitment to convert approximately $35MM of debt and preferred stock to common equity reflects my confidence in FNCX".
For details about the transaction, refer to the company's Current Report on Form 8-K as filed today with the Securities and Exchange Commission.
About Function(X) Inc.
Function(X) operates Wetpaint.com, the leading online destination for entertainment news for millennial women, covering the latest in television, music, and pop culture and Rant, a leading digital publisher that publishes original content in 13 different verticals, most notably in sports, entertainment, pets, cars and food. Function(X) Inc. is also the largest shareholder of DraftDay Gaming Group, which is well-positioned to become a significant participant in the expanding fantasy sports market, offering a high-quality daily fantasy sports experience both directly to consumers and to businesses desiring turnkey solutions to new revenue streams. Function(x) Inc. also operates Choose Digital, a digital marketplace platform that allows companies to incorporate digital content into existing rewards and loyalty programs in support of marketing and sales initiatives.
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. All information provided in this press release is as of the date of this release. Except as required by law, Function(X), Inc. undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
Contact:
For Function(X) Inc.:
Investors: Mitchell Nelson, Executive Vice President, 212-231-0092 or
Media Relations:
Dian Griesel International
Laura Radocaj, 212-825-3210 lradocaj@dgicomm.com

text: Function(X) Inc.

text: Rant Inc.

text: Function(X) Inc.

text: Rant Inc.

text: Function(X) Inc.

text: Function(X) Inc.

text: Function(x) Inc.

text: Function(X) Inc.