text:
EX-99.1
3
ex99_1.htm
EXHIBIT 99.1
ex99_1.htm
Exhibit 99.1
SMSC Acquires BridgeCo Inc.
Leader in Home Consumer Electronics Wireless Connectivity
Hauppauge, New York - May 19, 2011
- SMSC (NASDAQ: SMSC), a leading semiconductor company enabling content rich connectivity systems, today announced that it has acquired BridgeCo Inc. (BridgeCo), a leader in networked audio technologies. BridgeCo's JukeBlox™ technology connects tablets
,
smartphones
,
PCs
,
Macs and other consumer electronics products to a new world of audio entertainment
.
With the industry's only system-on-a-chip (SoC) and Software Design Kit (SDK) for networked audio, BridgeCo is making the connected home a reality and enabling consumers to access their local or cloud-based music library from any device and from any room in the home. Its JukeBlox software platform, with integrated WiFi® support, enables music streaming to virtually all home audio equipment including home theater systems, A/V receivers, radios, wireless speakers and portable music player docking stations. BridgeCo's technology has been adopted by some of the largest consumer electronics brands in the world including Pioneer, Philips, Denon, Marantz, JBL, B&W and Harmon/Kardon, leading to a doubling of customer products in production in each of the last three years.
"As consumer companies seek to deliver wireless multimedia ecosystems that are user friendly, the market for solutions that enable consumers to stream music from smartphones, tablets and PCs over a WiFi home network is set to take off at an exponential rate", said Christine King, President & Chief Executive Officer of SMSC. "BridgeCo is playing an important role in driving the adoption of those ecosystems with hardware and software solutions that provide a platform which has been rigorously tested and certified for an interoperable environment. With the acquisition of BridgeCo, we are significantly enhancing our consumer technology prowess as we further position SMSC as a preferred partner to the industry's top consumer audio device designers for best-in-class wireless audio solutions in the home or car".
BridgeCo's line of ARM
-
based multi-core network media processors integrate a system controller, real-time audio processing engine, DRM security processor, network I/O processor and a WiFi MAC/Baseband to enable high-bandwidth wireless audio streaming. BridgeCo also markets Digital Media Player modules and network connectivity software. Its JukeBlox technology integrates a broad range of functionality including Internet radio with premium services such as Pandora®, Last.FM®, Rhapsody®, Napster® & Sirius®, and wired or wireless streaming of digital music via multiple standards. It also provides USB functionality, a broad suite of codecs, protocols and DRM standards, and traditional home audio functionality such as AM/FM radio and clock/alarm functionality.
BridgeCo's JukeBlox Connectivity platform enables consumers to stream music throughout their entire house wirelessly. The platform includes an optimized network audio processor with integrated WiFi networking and software that allow consumers to access music libraries and playlists on or through their smartphone, tablet, Mac or PC and to stream it to any BridgeCo enabled home audio product. It was designed to operate in ecosystems that promote multi-tasking capabilities with the latest portable device operating systems. This way consumers can wirelessly stream music throughout the home in the background while keeping their smartphones and tablets free for web-browsing, e-mail or e-book reading or keeping up with friends and family via social networking. Music library streaming can also be sourced from a Mac or PC over a home WiFi network with downloaded remote control apps running on a smartphone or tablet
.
Several WiFi-based interoperability standards are emerging to enable an optimized wireless media streaming environment and BridgeCo's technology was developed to ensure transparent interoperability across these multiple standards. This means that all users in a home will have the freedom to choose any smartphone, tablet or PC, without being limited to a particular brand or standard, to enjoy wireless music streaming from any cloud-based music storage service to networked audio products enabled by BridgeCo's technology.
According to ABI Research, networked audio devices will grow from 3.7 million units in 2009 to more than 56 million by 2015 with revenue growing to more than $10 billion by 2015.
Page 2
For the three months ended March 2011, BridgeCo's revenue was $2.2 million and revenue in the three months ended June 30, 2011 is expected to be approximately $5 million. We currently expect the acquisition to be neutral on a full year non-GAAP earnings per share basis in SMSC's fiscal 2012. Under terms of the acquisition agreement, SMSC paid $40 million in cash and additional cash payments of up to $27.5 million may occur upon achievement of certain performance goals. Headquartered in El Segundo, CA, with offices in India and Japan, BridgeCo has approximately 100 employees. The acquisition closed on May 19
,
2011.
About SMSC
SMSC is a leading developer of Smart Mixed-Signal Connectivity™ solutions. SMSC employs a unique systems level approach that incorporates a broad set of technologies and intellectual property to deliver differentiating products to its customers. The company is focused on delivering connectivity solutions that enable the proliferation of data in personal computers, portable consumer devices and other applications. SMSC's feature-rich products drive a number of industry standards and include USB, MOST
®
automotive networking, Kleer
®
wireless audio, embedded system control and analog solutions, including thermal management and RightTouch™ capacitive sensing. SMSC is headquartered in New York and has offices and research facilities in North America, Asia, Europe and India. Additional information is available at
www.smsc.com
.
Forward Looking Statements
Except for historical information contained herein, the matters discussed in this announcement are forward-looking statements about expected future events and financial and operating results that involve risks and uncertainties. These uncertainties may cause our actual future results to be materially different from those discussed in forward-looking statements. Our risks and uncertainties include the timely development and market acceptance of new products; the impact of competitive products and pricing; our ability to procure capacity from our suppliers and the timely performance of their obligations, commodity prices, interest rates and foreign exchange, potential investment losses as a result of liquidity conditions, the effects of changing economic and political conditions in the market domestically and internationally and on our customers; our relationships with and dependence on customers and growth rates in the personal computer, consumer electronics and embedded and automotive markets and within our sales channel; changes in customer order patterns, including order cancellations or reduced bookings; the effects of tariff, import and currency regulation; potential or actual litigation; and excess or obsolete inventory and variations in inventory valuation, among others. In addition, SMSC competes in the semiconductor industry, which has historically been characterized by intense competition, rapid technological change, cyclical market patterns, price erosion and periods of mismatched supply and demand.
Our forward looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations and may not reflect the potential impact of any future acquisitions, mergers or divestitures. All forward-looking statements speak only as of the date hereof and are based upon the information available to SMSC at this time. Such statements are subject to change, and the Company does not undertake to update such statements, except to the extent required under applicable law and regulation. These and other risks and uncertainties, including potential liability resulting from pending or future litigation, are detailed from time to time in the Company's reports filed with the SEC. Investors are advised to read the Company's Annual Report on Form 10-K and quarterly reports on Form 10-Q filed with the Securities and Exchange Commission, particularly those sections entitled "Other Factors That May Affect Future Operating Results" or "Risk Factors" for a more complete discussion of these and other risks and uncertainties.
SMSC, MOST and Kleer are registered trademarks and Smart Mixed-Signal Connectivity, TrueAuto and RightTouch are trademarks of Standard Microsystems Corporation.
Contact at SMSC:
Carolynne Borders,
Senior Director, Corporate Communications & Investor Relations
Phone: 631-435-6626
carolynne.borders@smsc.com

text: SMSC

text: BridgeCo Inc.

text: SMSC

text: SMSC

text: BridgeCo Inc.

text: BridgeCo

text: BridgeCo

text: BridgeCo

text: BridgeCo

text: Christine King

text: SMSC

text: BridgeCo

text: BridgeCo

text: SMSC

text: BridgeCo

text: BridgeCo

text: BridgeCo

text: BridgeCo

text: BridgeCo

text: BridgeCo

text: BridgeCo

text: SMSC

text: SMSC

text: BridgeCo

text: SMSC

text: SMSC

text: SMSC

text: SMSC

text: SMSC

text: SMSC

text: SMSC

text: SMSC

text: SMSC


dataset: buster

text:
EX-99
2
dnsalepr.txt
PRESS RELEASE
NEWS RELEASE
CONTACT:
Karen L. Howard
Vice President-Finance and Chief Financial Officer
Columbus McKinnon Corporation
Phone: 716-689-5550
karen.howard@cmworks.com
------------------------
COLUMBUS MCKINNON COMPLETES SALE AND PARTIAL LEASEBACK OF
DUFF-NORTON DIVISION CHARLOTTE, NC FACILITY
AMHERST, N.Y., June 29, 2007 -- Columbus McKinnon Corporation (NASDAQ: CMCO), a
leading designer, manufacturer and marketer of material handling products, today
announced that it completed the sale of its approximately 240,000 square foot
manufacturing facility in Charlotte, North Carolina occupied by its Duff-Norton
division on June 22, 2007 to Patriot Pioneer Park, LLC. The Company will lease
back approximately 150,000 square feet of the facility for its Duff-Norton
operations under a 10-year lease agreement with the option to renew at the end
of the lease term.
Net proceeds to Columbus McKinnon for the sale of the property were
approximately $4.8 million which will be applied to reduce debt in its fiscal
2008 second quarter which ends on September 30, 2007. The Company will realize a
deferred gain totaling $0.8 million over the life of the lease agreement.
Timothy T. Tevens, President and CEO of Columbus McKinnon commented, "The sale
and leaseback of our Duff-Norton facility generates almost $5 million of
additional cash for debt reduction, while keeping our Duff-Norton operations in
its long-time location and eliminating the burden of managing and maintaining a
large property. Primarily through our lean manufacturing efforts, we reduced the
space required for Duff-Norton by almost 40%. We anticipate annual savings of
approximately $100,000 as a result of leasing back only the portion of the
building that we need versus full ownership".
He added, "This transaction adds to a series of sales of surplus and
underutilized real estate, which have generated $18.3 million of proceeds since
July 2003. Combined with the recently announced redemption of the remaining
$22.1 million of our 10% Senior Secured Notes Due 2010 to occur in the second
quarter, this sale further enables the execution of our debt reduction
initiative consistent with our strategy to continue to improve our capital
structure".
ABOUT COLUMBUS MCKINNON
-----------------------
Columbus McKinnon is a leading worldwide designer, manufacturer and marketer of
material handling products, systems and services, which efficiently and
ergonomically move, lift, position or secure material. Key products include
hoists, cranes, chain and forged attachments. The Company is focused on
commercial and industrial applications that require the safety and quality
provided by its superior design and engineering know-how. Comprehensive
information on Columbus McKinnon is available on its web site at
HTTP://WWW.CMWORKS.COM.
----------------------
SAFE HARBOR STATEMENT
THIS NEWS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS" WITHIN THE MEANING OF
THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. SUCH STATEMENTS INCLUDE,
BUT ARE NOT LIMITED TO, STATEMENTS CONCERNING FUTURE REVENUE AND EARNINGS,
INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES AND OTHER FACTORS THAT COULD
CAUSE THE ACTUAL RESULTS OF THE COMPANY TO DIFFER MATERIALLY FROM THE RESULTS
EXPRESSED OR IMPLIED BY SUCH STATEMENTS, INCLUDING GENERAL ECONOMIC AND BUSINESS
CONDITIONS, CONDITIONS AFFECTING THE INDUSTRIES SERVED BY THE COMPANY AND ITS
SUBSIDIARIES, CONDITIONS AFFECTING THE COMPANY'S CUSTOMERS AND SUPPLIERS,
COMPETITOR RESPONSES TO THE COMPANY'S PRODUCTS AND SERVICES, THE OVERALL MARKET
ACCEPTANCE OF SUCH PRODUCTS AND SERVICES, THE EFFECT OF OPERATING LEVERAGE, THE
PACE OF BOOKINGS RELATIVE TO SHIPMENTS, THE ABILITY TO EXPAND INTO NEW MARKETS
AND GEOGRAPHIC REGIONS, THE SUCCESS IN ACQUIRING NEW BUSINESS, THE SPEED AT
WHICH SHIPMENTS IMPROVE, AND OTHER FACTORS DISCLOSED IN THE COMPANY'S PERIODIC
REPORTS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION. THE COMPANY ASSUMES
NO OBLIGATION TO UPDATE THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS
RELEASE.
###

label: person

text: Karen L. Howard

label: organization

text: Columbus McKinnon Corporation

text: COLUMBUS MCKINNON

text: Columbus McKinnon Corporation

text: Patriot Pioneer Park, LLC

text: Columbus McKinnon

text: Timothy T. Tevens

text: Columbus McKinnon

text: COLUMBUS MCKINNON

text: Columbus McKinnon

text: Columbus McKinnon

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
2
pressreleasemiratazsalecom.htm
EXHIBIT 99.1
Exhibit
Exhibit 99.1
Kindred Biosciences Announces Completion of Mirataz® (mirtazapine transdermal ointment) Transaction
San Francisco, California (April 15, 2020) - Kindred Biosciences, Inc. (NASDAQ: KIN), a biopharmaceutical company focused on saving and improving the lives of pets, today announced that it has completed the sale of Mirataz® to Dechra Pharmaceuticals PLC (LSE: DPH) for an upfront payment of $43 million, and royalties on worldwide sales.
"We are pleased with the timely closing of this transaction, which provides validation of the value we are creating as a company, and we are confident that Mirataz will continue to be a successful commercial product in the hands of Dechra", said KindredBio's Chief Executive Officer, Richard Chin, M.D.
On March 16, 2020, KindredBio announced it had entered into a transaction for the sale of Mirataz to Dechra. As is customary, 10% of the upfront payment shall be held in escrow for up to 18 months post closing.
Dechra has commercial sales and marketing teams in 25 countries, and distributor relationships in an additional 68 countries, positioning it strongly to market Mirataz in the United States, Europe, and globally. Dechra plans to launch Mirataz in the UK and the European Union, and intends to conduct the necessary regulatory activities to achieve approvals in other key international markets. Royalties on future global sales of Mirataz by Dechra will be recorded by KindredBio as revenue.
Important Safety Information
Mirataz® (mirtazapine transdermal ointment) is for topical use in cats only under veterinary supervision. Do not use in cats with a known hypersensitivity to mirtazapine or any of the excipients or in cats treated with monoamine oxidase inhibitors (MAOIs). Not for human use. Keep out of reach of children. Wear gloves to apply and wash hands after. Avoid contact with treated cat for 2 hours following application. The most common adverse reactions include application site reactions, behavioral abnormalities (vocalization and hyperactivity) and vomiting. Please see the full Prescribing Information.
About Kindred Biosciences
Kindred Biosciences is a biopharmaceutical company developing innovative biologics focused on saving and improving the lives of pets. Its mission is to bring to pets the same kinds of safe and effective medicines that human family members enjoy. The company's strategy is to identify targets that have already demonstrated safety and efficacy in humans and to develop therapeutics based on these validated targets for dogs and cats. KindredBio has a deep pipeline of novel biologics in development across many therapeutic classes, alongside state-of-the-art biologics manufacturing capabilities and a broad intellectual property portfolio.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, but not limited to, statements regarding our expectations about the trials, regulatory approval, manufacturing, distribution and commercialization of our current and future product candidates, and statements regarding our anticipated revenues, expenses, margins, profits and use of cash.
These forward-looking statements are based on our current expectations. These statements are not promises or guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results to be materially different from any future results expressed or implied by the forward-looking statements. These risks include, but are not limited to, the following: our limited operating history and expectations of losses for the foreseeable future; the absence of significant revenue from our products and our product candidates for the foreseeable future; the likelihood that our revenue will vary from quarter to quarter; our potential inability to obtain any necessary additional financing; our substantial dependence on the success of our products and our lead product candidates which may not be successfully commercialized even if they are approved for marketing; the
Exhibit 99.1
effect of competition; our potential inability to obtain regulatory approval for our existing or future product candidates; our dependence on third parties to conduct some of our development activities; our dependence upon third-party manufacturers for supplies of our products and our product candidates and the potential inability of these manufacturers to deliver a sufficient amount of supplies on a timely basis, including by reason of the coronavirus disease (COVID-19) currently impacting multiple jurisdictions worldwide; uncertainties regarding the outcomes of trials regarding our product candidates; our potential failure to attract and retain senior management and key scientific personnel; uncertainty about our ability to enter into satisfactory agreements with third-party licensees of our biologic products or to develop a satisfactory sales organization for our equine small molecule products; our significant costs of operating as a public company; potential cyber-attacks on our information technology systems or on our third-party providers' information technology systems, which could disrupt our operations; our potential inability to repay the secured indebtedness that we have incurred from third-party lenders, and the restrictions on our business activities that are contained in our loan agreement with these lenders; the risk that our 2020 strategic realignment plan will result in unanticipated costs or revenue shortfalls; uncertainty about the amount of royalties that we will receive from the sale of Mirataz® to Dechra Pharmaceuticals PLC; our potential inability to obtain and maintain patent protection and other intellectual property protection for our products and our product candidates; potential claims by third parties alleging our infringement of their patents and other intellectual property rights; our potential failure to comply with regulatory requirements, which are subject to change on an ongoing basis; the potential volatility of our stock price; and the significant control over our business by our principal stockholders and management.
For a further description of these risks and other risks that we face, please see the risk factors described in our filings with the U.S. Securities and Exchange Commission (the SEC), including the risk factors discussed under the caption "Risk Factors" in our Annual Report on Form 10-K and any subsequent updates that may be contained in our Quarterly Reports on Form 10-Q filed with the SEC. As a result of the risks described above and in our filings with the SEC, actual results may differ materially from those indicated by the forward-looking statements made in this press release. Forward-looking statements contained in this press release speak only as of the date of this press release and we undertake no obligation to update or revise these statements, except as may be required by law.
The results stated in this press release have not been reviewed by the Food and Drug Administration or the United States Department of Agriculture Center for Veterinary Biologics, as applicable.
Contacts
For investor inquiries:
Katja Buhrer
Katja.buhrer@kindredbio.com
(917) 969-3438

text: Kindred Biosciences

text: Mirataz®

text: Kindred Biosciences, Inc.

text: Mirataz®

text: Dechra Pharmaceuticals PLC

text: Mirataz®

text: Kindred Biosciences

text: Kindred Biosciences

text: Mirataz®

text: Dechra Pharmaceuticals PLC


text:
EX-99.1
7
a13-7893_1ex99d1.htm
EX-99.1
Exhibit 99.1
CVSL AND THE LONGABERGER COMPANY SIGN DEFINITIVE AGREEMENT
For immediate release
(March 15, 2013)
Dallas, TX
- Computer Vision Systems Laboratories Corp. (CVSL) and The Longaberger Company announced today that a definitive agreement has been signed to bring Longaberger into CVSL's direct selling strategy, and that the boards of directors of both companies have unanimously approved the transaction.
"This is a great day for The Longaberger Company. It's fitting that in our 40th anniversary year we can fulfill my father's dream that our sales field and employees will have the opportunity to share in ownership of our business", said president and CEO Tami Longaberger.
On January 11, 2013, CVSL and Longaberger announced that a letter of intent had been signed for the transaction, in which publicly-held CVSL would acquire a controlling interest in Longaberger, which then would participate in CVSL's strategy for growth in the direct selling channel.
"Our vision is that CVSL will be a worldwide champion of micro-enterprise, where anyone can find fulfillment, belonging and economic benefit in a family of outstanding companies, each of which will keep its own separate identity", said CVSL chairman John Rochon.
"We are delighted that Longaberger is the first company to join us. We will continue our effort to identify additional direct selling companies that will make a good fit within our CVSL family", said Mr. Rochon.
Under the agreements signed today and approved by both companies' boards, CVSL will acquire a controlling voting interest in privately-held Longaberger, in exchange for shares of CVSL stock to Ms. Longaberger.
"Since announcing in January the exciting news of our intent to join forces with CVSL, we've worked diligently to keep the recapitalization process moving", said Ms. Longaberger. "We're thrilled that our effort has come to a successful conclusion. Now we can move forward as a proud member of the CVSL family. There are so many benefits to The Longaberger Company, our sales field, our employees and our customers, and we're excited about this giant step for everyone associated with The Longaberger Company", she said.
Ms. Longaberger continues as Longaberger president and CEO and is also a member of the CVSL board of directors.
Cautionary Note Regarding Forward-Looking Statements:
This press release contains forward-looking statements that involve risks and uncertainties. All statements other than statements of historical fact contained in this press release, including statements regarding future events, our future financial performance, business strategy, and acquisitions strategy, and our plans and objectives for future operations, are forward-looking statements. We have attempted to identify forward-looking statements by terminology including "anticipate", "believe", "can", "continue", "could", "estimate", "expect", "intend", "may", "plan", "potential", "predict", "project", "should", or "will" or the negative of these terms or other comparable terminology. Although we do not make forward-looking statements unless we believe we have a reasonable basis for doing so, we cannot guarantee their accuracy. These statements are only expectations and involve known and unknown risks, uncertainties and other factors, including the risks outlined under "Risk Factors" in our Annual Report on Form 10-K for our fiscal year ended December 31, 2011 and in our Form 8-K filed on October 1, 2012 as subsequently amended on December 28, 2012 and those discussed in other documents we file with the Securities and Exchange Commission, which may cause our actual results, levels of activity, performance or achievements expressed or implied by these forward-looking statements to differ materially from expectations. Except as required by law, we undertake no obligation to update or revise publicly any of the forward-looking statements after the date of this press release to conform our statements to actual results or changed expectations.
Media Contact: Russell Mack 740 322-5119 russ.mack@longaberger.net
Investor Relations: Scott Pumper spumper@internationalequitiesgroup.com

text: CVSL

text: THE LONGABERGER COMPANY

text: CVSL

text: The Longaberger Company

text: Longaberger

text: CVSL

text: The Longaberger Company

text: Longaberger

text: CVSL

text: Longaberger

text: CVSL

text: Longaberger

text: CVSL

text: CVSL

text: CVSL

text: Longaberger

text: CVSL

text: CVSL

text: Longaberger

text: CVSL

text: Longaberger

text: CVSL

text: Longaberger

text: CVSL

text: The Longaberger Company

text: The Longaberger Company

text: Longaberger

text: Longaberger

text: CVSL


text:
EX-99.1
3
tm2023976d1_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
Avadel Announces Sale of Hospital
Sterile Injectable Drug Portfolio for $42.0 Million
DUBLIN, Ireland, July 1, 2020
-- Avadel Pharmaceuticals plc (Nasdaq: AVDL), a company focused on developing FT218, an investigational, once-nightly formulation
of sodium oxybate for treating excessive daytime sleepiness and cataplexy in patients with narcolepsy, today announced the sale
of its portfolio of sterile injectable drugs used in the hospital setting, including three commercial products, Bloxiverz
®
,
Vazculep
®
, and Akovaz
®
,
as well as Nouress™, which is approved by the U.S. Food and Drug Administration, to Exela Sterile Medicines LLC for a total
of $42.0 million.
"The sale of the sterile injectable
drug portfolio is a significant milestone for the Company, as it further reflects our commitment to strategically focus on advancing
FT218 through the regulatory review process and, if approved, bringing our once-nightly formulation of sodium oxybate to patients,"
said Greg Divis, Chief Executive Officer of Avadel. "By divesting our portfolio of sterile injectable drugs, we are now singularly
focused on supporting the regulatory approval process, market planning and maximizing shareholder value for FT218".
Under the terms of the agreement, Avadel
will receive $14.5 million upfront and the remaining $27.5 million will be paid out to Avadel over the next 13 months. The transaction
closed on June 30, 2020.
About Avadel Pharmaceuticals plc
Avadel Pharmaceuticals plc (Nasdaq: AVDL)
is an emerging biopharmaceutical company. The Company's primary focus is the development and potential FDA approval of FT218,
which has completed a Phase 3 clinical trial for the treatment of narcolepsy patients suffering from excessive daytime sleepiness
(EDS) and cataplexy. For more information, please visit
www.avadel.com
.
About FT218
FT218 is an investigational, once-nightly
formulation of Micropump™ controlled-release (CR) sodium oxybate. The Company recently completed the REST-ON study, a pivotal,
double-blind, randomized, placebo-controlled Phase 3 trial, to assess the efficacy and safety of FT218 in the treatment of excessive
daytime sleepiness and cataplexy in patients suffering from narcolepsy. FT218 has been granted Orphan Drug Designation from the
U.S. Food and Drug Administration (FDA) for the treatment of narcolepsy. The designation was granted on the plausible hypothesis
that FT218 may be clinically superior to the twice-nightly formulation of sodium oxybate already approved by the FDA for the same
indication. In particular, FT218 may be safer due to ramifications associated with the dosing regimen of the previously approved
product.
Cautionary Disclosure Regarding Forward-Looking Statements
This press release includes "forward-looking
statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. These forward-looking statements relate to our future expectations, beliefs, plans, strategies,
objectives, results, conditions, financial performance, prospects, or other events. Such forward-looking statements include,
but are not limited to, the anticipated benefits of the sale of the Company's sterile injectable drug portfolio, the
planned submission of the FT218 NDA to the FDA and the commercial launch of FT218, if approved. In some cases,
forward-looking statements can be identified by the use of words such as "will", "may,"
"could", "believe", "expect", "look forward", "on track,"
"guidance", "anticipate", "estimate", "project", "next steps" and
similar expressions, and the negatives thereof (if applicable).
Our forward-looking statements are
based on estimates and assumptions that are made within the bounds of our knowledge of our business and operations and that
we consider reasonable. However, our business and operations are subject to significant risks, and, as a result, there can be
no assurance that actual results of our research, development and commercialization activities and the results of our
business and operations will not differ materially from the results contemplated in such forward-looking statements. Factors
that could cause actual results to differ from expectations in our forward-looking statements include the risk that the
impact of the current COVID-19 pandemic on our financial results and results of operations could be greater than we
anticipate and the risks and uncertainties described in the "Risk Factors" section of Part I, Item 1A
of our Annual Report on Form 10-K for the year ended December 31, 2019, which we filed with the Securities and Exchange
Commission (SEC) on March 16, 2020 and subsequent SEC filings.
Forward-looking statements speak only as
of the date they are made and are not guarantees of future performance. Accordingly, you should not place undue reliance on forward-looking
statements. We do not undertake any obligation to publicly update or revise our forward-looking statements, except as required
by law.
Contacts:
Investor Contacts
Tom McHugh
Chief Financial Officer
Phone: (636) 449-1843
Email:
tmchugh@avadel.com
Tim McCarthy
LifeSci Advisors, LLC
Phone: (212) 915.2564
Email:
tim@lifesciadvisors.com
Media Contact
Patrick Bursey
LifeSci Communications, LLC
Phone: (646) 970-4688
Email:
pbursey@lifescicomms.com

text: Avadel

text: Avadel Pharmaceuticals plc

text: Exela Sterile Medicines LLC

text: Greg Divis

text: Avadel

text: Avadel

text: Avadel

text: Avadel Pharmaceuticals plc

text: Avadel Pharmaceuticals plc


text:
EX-99.1
3
a07-15736_1ex99d1.htm
EX-99.1
Exhibit
99.1
FOR IMMEDIATE RELEASE
Press Contact:
Mike Banas
Ashton Partners
312-553-6704 Direct
Investor Contact:
Bryan Raassi
Ashton Partners
877-934-4687
investor@wfinet.com
WFI ANNOUNCES CLOSE OF $46 MILLION SALE OF U.S.
WIRELESS ENGINEERING BUSINESS TO LCC INTERNATIONAL
SAN DIEGO, CA
,
JUNE 4
, 2007
-WFI (NASDAQ: WFII), a leader in information technology
solutions, command and control systems, weapon systems operations and
maintenance, enterprise security solutions and the deployment and management of
3G, 4G, WiMAX and other wireless broadband communication networks, announced today
that it has completed the previously announced transaction to sell its U.S.
Wireless Engineering business to LCC International (NASDAQ: LCCI). The transaction is valued at $46 million in
total consideration, with $17 million received at closing, approximately $7
million in retained accounts receivable to be collected over the next few
months, and the balance of approximately $22 million to be paid in accordance
with the terms of a subordinated promissory note which was delivered at closing. As previously indicated, the note includes an
interest rate escalation feature to encourage early payment by LCC, which both
LCC and WFI believe could occur by the end of the year.
"This
is a milestone event on a number of important levels", said Eric DeMarco,
President and CEO of WFI. "For WFI, this
transaction will generate a substantial amount of cash to be used to reduce
debt and improve overall liquidity; for WFI's shareholders and the investment
community, this transaction allows the Company to place greater emphasis on the
highest opportunity segments within our business while reducing an element of
risk in a highly competitive and consolidating industry; and for the WFI
engineers and the industry, the resulting merger will create new opportunities
and economies of scale to deliver better, more efficient services. With this transaction now closed, WFI will
continue to move forward with our transformation strategy and building the
business."
1
About WFI
Headquartered in San Diego, CA, WFI is a leading
provider of professional services in the areas of defense, technology, security
solutions and wireless network deployment.
With approximately 2,000 professionals, WFI specializes in IT services,
command and control systems, weapon systems operations and maintenance,
security solutions and the deployment and management of 3G, 4G, WiMAX and other
wireless broadband communication networks. WFI performs work for a range of
federal government agencies, including the U.S. Department of Defense, various
state and local agencies, Fortune 1000 enterprise companies and wireless
carriers. News and information are
available at www.wfinet.com. (code: WFI-mb)
Notice
Regarding Forward-Looking Statements
This
news release contains certain forward-looking statements including, without
limitation, expressed or implied statements concerning the Company's
expectations regarding future competitiveness and market opportunities. Such statements are only predictions, and the
Company's actual results may differ materially. Factors that may cause the
Company's results to differ include, but are not limited to: risks that the stock
option review will not be completed in a timely manner; risks that the review
and the announcement thereof will cause disruption of the Company's operations and
distraction of its management; risks that the review will identify other issues
not currently being considered that could delay or alter the results of the
review; risks of adverse regulatory action or litigation; risk that the Company's
lender will declare a default under the Company's line of credit. The Company
undertakes no obligation to update any forward-looking statements. These and
other risk factors are more fully discussed in the Company's Quarterly Report
on Form 10-Q for the period ended September 30, 2006 and in other filings made
with the Securities and Exchange Commission.
2

text: WFI

override: organization

text: LCC INTERNATIONAL

text: WFI

text: LCC International

text: WFI

text: WFI

text: WFI

text: WFI

text: WFI

text: WFI

text: WFI

text: WFI

text: WFI

text: WFI


text:
EX-99.1
3
ex99_1.txt
EXHIBIT 99.1
EXHIBIT 99.1
PETROSEARCH SIGNS PARTNERSHIP AGREEMENT ON BARNETT SHALE PROPERTIES
Monday December 18, 10:04 am ET
HOUSTON--(BUSINESS WIRE)--Petrosearch Energy Corporation (OTCBB:PTSG - News)
---- ----
announced today that its wholly owned subsidiary, Barnett Petrosearch LLC
("Petrosearch"), has joined in the formation of a Partnership, DDJET Limited
LLP, ("Partnership") for the development of Barnett Shale properties in the Fort
Worth Basin, Texas. Petrosearch owns a 5.54% interest in the Partnership along
with partners Metroplex Barnett Shale LLC (a wholly owned subsidiary of Exxon
Mobil Corporation), which will direct operations, and Cinco County Barnett Shale
LLC, (a privately held Fort Worth-based company).
The Partnership's assets include all leases acquired to date within an
eight-county contract area, under a previous agreement among affiliates of the
three partners, along with associated facilities including nearly 100 miles of
pipeline and an option on a separate pipeline right of way.
Production from the six wells drilled thus far is expected to commence in early
2007.
Commenting on the Partnership Agreement, Richard Dole, Petrosearch's Chief
Executive Officer, stated, "We are pleased to have completed this important
agreement. Given the contribution of both the upstream and downstream assets by
all of the partners, we are confident that the overall economics of our new
ownership interest is strong. We look forward to a long-term relationship with
our partners to develop this significant resource base".
About Petrosearch
Petrosearch Energy Corporation, a Nevada corporation with executive offices in
Houston, Texas, is a resource based energy company with activities focused in
three core areas: the Barnett Shale trend, the Wilcox trend of South Texas and
the Anadarko basin of the North Texas Panhandle. For more information please
visit www.petrosearch.com.
-------------------
Forward-Looking Statements
Statements contained herein and the information incorporated by reference herein
may be forward-looking statements within the meaning of Section 21E of the
Securities Exchange Act of 1934 (the "Exchange Act"). Forward-looking statements
can be identified by the use of forward-looking terminology such as, but not
limited to, "may", "will", "expect", "anticipate", "estimate", "would be,"
"believe", or "continue" or the negative or other variations of comparable
terminology. We intend such forward-looking statements to be covered by the safe
harbor provisions applicable to forward-looking statements contained in Section
21E of the Exchange Act. Such statements (none of which is intended as a
guarantee of performance) are subject to certain assumptions, risks and
uncertainties, which could cause our actual future results, achievements or
transactions to differ materially from those projected or anticipated. Such
risks and uncertainties are set forth herein.
Forward-looking statements include statements concerning plans, objectives,
goals, strategies, future events, or performance and underlying assumptions and
other statements, which are other than statements of historical facts. These
statements are subject to uncertainties and risks including, but not limited to,
product and service demands and acceptance, changes in technology, economic
conditions, the impact of competition and pricing, and government regulation and
approvals. Petrosearch cautions that assumptions, expectations, projections,
intentions, or beliefs about future events may, and often do, vary from actual
results and the differences can be material. Some of the key factors which could
cause actual results to vary from those Petrosearch expects include changes in
natural gas and oil prices, the timing of planned capital expenditures,
availability of acquisitions, uncertainties in estimating proved reserves and
forecasting production results, operational factors affecting the commencement
or maintenance of producing wells, the condition of the capital markets
generally, as well as our ability to access them, and uncertainties regarding
environmental regulations or litigation and other legal or regulatory
developments affecting our business.
Our expectations, beliefs and projections are expressed in good faith and are
believed to have a reasonable basis, including without limitation, our
examination of historical operating trends, data contained in our records and
other
data available from third parties. There can be no assurance, however, that our
expectations, beliefs or projections will result, be achieved, or be
accomplished.
Readers are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date hereof. We undertake no duty to
update these forward-looking statements.
Contact:
Petrosearch Energy Corporation, Houston
Investor Relations
Cole Patterson, 713-334-5123
investor.relations@petrosearch.com
----------------------------------
or
Piedmont IR, LLC
Keith Fetter or Darren Bankston, 678-455-3696
info@piedmontir.com
-------------------
-----------------------------------
Source: Petrosearch Energy Corporation

text: Petrosearch Energy Corporation

text: Metroplex Barnett Shale LLC

text:
Cinco County Barnett Shale
LLC

text: Petrosearch Energy Corporation

text: Petrosearch Energy Corporation

text: Petrosearch Energy Corporation


text:
EX-99.1
3
ex_99023.htm
EXHIBIT 99.1
ex_99023.htm
Exhibit 99.1
enabling tomorrow
's technologies™
355 South Technology Drive, Central Islip,
New York 11722 |
T
631.981.7081 |
F
631.981.7095 | info@cvdequipment.com
CVD
Acquires Assets of MesoScribe Technologies, Inc.
CENTRAL ISLIP, N.Y., (Business Wire)
- November 2, 2017 - CVD Equipment Corporation (NASDAQ: CVV), a leading provider of chemical vapor deposition systems and materials has, through its new wholly owned subsidiary CVD MesoScribe Technologies Corporation, purchased assets (including all IP), formerly owned by MesoScribe Technologies, Inc. Formed in 2002, by a group out of Stony Brook University, MesoScribe™ having corporate offices in St. James, NY and manufacturing in Huntington Beach, CA., established itself as a pioneer and leader in the direct deposition and writing of thermal sensors, heaters, and electronics devices used in high temperature and harsh environments.
MesoS
cribe
™
specializes in the manufacturing of harsh environment sensor products and structurally integrated electronics based on its proprietary Direct Write Thermal Spray (DWTS) Technology. Direct Write devices are robust and reliable, and integrated process automation enables precision manufacturing and high throughput production for cost-effective implementation. MesoScribe's focus is on developing innovative sensor prototypes and manufacturing Direct Write devices in production quantities for advanced sensing and communications.
Leonard Rosenbaum, President and CEO state
d, "With this strategic acquisition, CVD gains access to an additional deposition technology, a presence in new markets and additional applications. The MesoScribe™ proprietary technology also complements our Tantaline CVD Tantalum deposition technology which we acquired in Q4 2016. The two technologies when combined provide a treatment and coating which provides both corrosion resistance and now wear resistance. This is part of our strategic plan to leverage our equipment know-how, business infrastructure and proven ability to scale up new technologies, all offering high value-added materials, products, and services. This is another step in our combined organic and acquisition growth initiative for 2017".
Jeffrey Brogan,
President and CEO at the former MesoScribe Technologies, Inc., now Director of Sales and Marketing at CVD Materials Corporation stated, "We are excited to move forward with the leadership of CVD to accelerate the commercialization of the MesoScribe™ MesoPlasma™ Direct Write Technology. Key synergies will result from this strategic acquisition, enhancing the portfolio of coating services and products to our customers as well as creating new business opportunities for CVD Materials Corporation".
About CVD Equipment Corporation
CVD Equipment Corporation
(NASDAQ: CVV) designs, develops, and manufactures a broad range of chemical vapor deposition, gas control, and other state-of-the-art equipment and process solutions used to develop and manufacture materials and coatings for research and industrial applications. This equipment is used by their customers to research, design, and manufacture these materials or coatings for aerospace engine components, medical implants, semiconductors, solar cells, smart glass, carbon nanotubes, nanowires, LEDs, MEMS, and other applications. Through CVD Materials Corporation and their application laboratory, CVD provides material coatings, process development support, and process startup assistance with the focus on
enabling tomorrow's technologies
™.
www.cvdequipment.com
| www.firstnano.com | www.stainlessdesign.com
PR 11-02-17 FINAL
Page
1
of
2
enabling tomorrow
's technologies™
About
CVD MesoScribe Technologies Corporation
CVD
MesoScribe Technologies Corporation specializes in the manufacture of harsh environment sensor products and structurally integrated electronics based on its proprietary Direct Write Thermal Spray (DWTS) Technology. Direct Write devices are robust and reliable, and integrated process automation enables precision manufacturing and high throughput production for cost-effective implementation. MesoScribe's focus is on developing innovative sensor prototypes and manufacturing Direct Write devices in production quantities for advanced sensing and communications. Additional information can be found at www.mesoscribe.com.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by CVD Equipment Corporation) contains statements that are forward-looking. All statements other than statements of historical fact are hereby identified as "forward-looking statements, "as such term is defined in Section 27A of the Securities Exchange Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward looking information involves a number of known and unknown risks and uncertainties that could cause actual results to differ materially from those discussed or anticipated by management. Potential risks and uncertainties include, among other factors, conditions, success of CVD Equipment Corporation
's growth and sales strategies, the possibility of customer changes in delivery schedules, cancellation of orders, potential delays in product shipments, delays in obtaining inventory parts from suppliers and failure to satisfy customer acceptance requirements.
For further information about CVD Equipment Corporation please contact:
Gina Franco
Phone: (631) 981-7081
Fax: (631) 981-7095
Email: investorrelations@cvdequipment.com
www.cvdequipment.com
| www.firstnano.com | www.stainlessdesign.com
PR 11-02-17 FINAL
Page
2
of
2

text: CVD

text: MesoScribe Technologies, Inc.

text: CVD Equipment Corporation

text: CVD MesoScribe Technologies Corporation

text: MesoScribe Technologies, Inc.

text: Leonard Rosenbaum

text: CVD

text: CVD

text: Jeffrey Brogan

text: MesoScribe Technologies, Inc.

text: CVD

text: CVD

text: CVD

text: CVD Equipment Corporation

text: CVD Equipment Corporation

text: CVD

text: CVD

text: CVD MesoScribe Technologies Corporation

text:
CVD
MesoScribe Technologies Corporation

text: CVD Equipment Corporation

text: CVD Equipment Corporation

text: CVD Equipment Corporation


text:
EX-99.2
3
exhibit99-2.htm
PRESS RELEASE OF AMTECH SYSTEMS, INC., DATED OCTOBER 9, 2007
Exhibit
99.2
Amtech Acquires Solar
Automation Company
Acquisition of Solar Cell
Automation Technology Part of Strategic Plan to Secure and Expand
Solar
Manufacturing Product Offerings
TEMPE, Ariz. - October 9, 2007 -
Amtech Systems, Inc. (NASDAQ:ASYS), a global supplier of
production and automation systems and related supplies for manufacturing solar
cells, semiconductors and wafers, today announced that it has acquired R2D
Ingenierie (R2D), a solar cell and semiconductor automation equipment
manufacturing company located in Montpellier,
France.
"R2D's unique manufacturing
automation technology and expertise secures our current solar automation product
offerings and we plan to utilize these capabilities to expand the automation
solutions we can provide to our current and future solar customers", said J.S.
Whang, President and Chief Executive Officer of Amtech. "This acquisition
advances our strategic objective to increase our share of the rapidly growing
solar market and is part of our ongoing effort to truly become a multi-product
provider to solar cell manufacturers. The addition of R2D's business and proven
technology expands our market opportunity by enabling Amtech to offer an
integrated system under our Tempress® brand to the solar
industry."
R2D has provided automation
solutions to the semiconductor industry since 1989 and more recently to Amtech
for its solar customers. Its automation technology products are used in several
of the semiconductor manufacturing steps and in the diffusion processing steps
of solar cell manufacturing. For its fiscal year ended December 31, 2006, R2D
recognized net revenue of approximately $4.9 million and operating income of
approximately $797,000.
Under the terms of the agreement,
Amtech has acquired all the outstanding shares of R2D for a total purchase price
of approximately $6.1 million and has made a working capital infusion of $1.0
million largely for solar business build-up. The purchase price includes
significant contingent payments tied to R2D's successful product improvements,
production and technology transfer. In addition, R2D's key personnel have signed
three-year employment agreements.
Lina Derias, President of R2D,
said, "We are very pleased to become part of the Amtech team, which has
positioned itself as a leader in providing solutions to the solar industry, and
we believe that our automation products can significantly contribute to Amtech's
future solar revenue growth".
About Amtech Systems,
Inc.
Amtech Systems, Inc.
manufactures capital equipment, including silicon wafer handling automation,
thermal semiconductor processing equipment and related consumables used in
fabricating semiconductor devices and solar cells. Semiconductors, or
semiconductor chips, are fabricated on silicon wafer substrates, sliced from
ingots, and are part of the circuitry, or
electronic components, of many products
including computers, telecommunications devices, automotive products, consumer
goods, and industrial automation and control systems. The Company's
semiconductor handling, thermal processing and consumable products currently
address the diffusion, oxidation and deposition steps used in the fabrication of
semiconductors, solar cells, MEMS and the polishing of newly sliced silicon
wafers.
About R2D
Ingenierie
R2D Ingenierie SAS manufactures
automation equipment used in the solar cell and semiconductor chip manufacturing
process, including silicon wafers; i.e., mass transfer systems, sorters,
long-boat transfer systems, load station elevators, buffers and conveyers. R2D
uses a unique vacuum technology for its solar wafer transfer systems that
ensures high throughput.
Statements contained in this press
release that are not historical facts may be forward looking statements within
the meaning of the Private Litigation Reform Act. Such statements may use words
such as "proposed", "anticipate", "believe", "estimate", "expect", "intend,"
"predict", "project" and similar expressions as they relate to Amtech Systems,
Inc. or our management. When we make forward-looking statements, we are basing
them on our management's beliefs and assumptions, using information currently
available to us. Although we believe that the expectations reflected in the
forward looking statements are reasonable, these forward-looking statements are
subject to risks, uncertainties and assumptions including the risks discussed in
our filings with the Securities and Exchange Commission. If one or more of these
risks materialize, or if our underlying assumptions prove to be incorrect,
actual results may vary materially from what we projected. Any forward looking
statements contained in this press release reflect our current views with
respect to future events and are subject to these and other risks, uncertainties
and assumptions relating to our operations, results of operations, growth
strategy and liquidity. We have no intention, and disclaim any obligation, to
update or revise any forward-looking statements, whether as a result of new
information, future results or otherwise.
Contacts:
Amtech Systems,
Inc.
MKR Group,
Inc.
Bradley C.
Anderson
Investor
Relations
Chief Financial
Officer
Todd Kehrli or
Jim Byers
(480)
967-5146
(323)
468-2300
asys@mkr-group.com

text: AMTECH SYSTEMS, INC.

text: Amtech

text: Amtech Systems, Inc.

text:
R2D
Ingenierie

text: Amtech

text: Amtech

text: Amtech

text: Amtech

text: Lina Derias

text: Amtech

text: Amtech

text:
Amtech Systems,
Inc.

text: Amtech Systems, Inc.

text:
R2D
Ingenierie

text: R2D Ingenierie

text:
Amtech Systems,
Inc.

text:
Amtech Systems,
Inc.


text:
EX-99.1
11
v366291_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
January 22, 2014
Trade Street Residential Acquires Two Luxury Apartment Communities
for $81 Million
- Expands Portfolio in North Carolina and Tennessee
-
AVENTURA, Fla., Jan. 22, 2014 (GLOBE NEWSWIRE) - Trade
Street Residential, Inc. (Nasdaq:TSRE) (the "Company"), a fully integrated owner and operator of high-quality apartment
communities located primarily in the southeastern United States, announced today that it has completed the previously announced
acquisitions of two communities, containing 618 units for $81.0 million, in its core Southeast markets.
On January 21, 2014, the Company acquired The Estates at Wake
Forest, a 288-unit apartment community located in Wake Forest, North Carolina, for approximately $37.2 million. On the same day,
the Company also acquired Miller Creek at Germantown, a 330-unit apartment community located in Memphis, Tennessee for approximately
$43.8 million.
"We are pleased to expand our platform with the acquisition
of these two high quality, luxury communities", said Michael Baumann, Chief Executive Officer and Chairman of Trade Street
Residential. "These newly constructed apartment communities further reduce the average age of our portfolio and expand our
presence in North Carolina and Tennessee, two states with rapidly expanding populations and employment. As we progress throughout
2014, we will continue to look for opportunities to grow our portfolio selectively, acquiring high-quality, well-located communities
across the Sunbelt, while continuing to improve operating metrics and increase margins across our portfolio".
The Estates at Wake Forest features luxury one, two, and three-bedroom
pet-friendly apartments with high-end amenities including stainless steel appliances, granite countertops and private patios/balconies.
The property amenities include a fitness center, club house, pool with entertainment area and detached garages. Wake Forest provides
a small town feel with convenient access to Raleigh, Durham and Chapel Hill. Construction of the property was recently completed
in September 2013. The Company has obtained a mortgage of $18.6 million for 7 years with interest only payments for the full term
of the loan at a fixed rate of 3.9%.
Miller Creek at Germantown features a variety of floor plans
with attractive amenities including private balconies, 9-foot ceilings, stainless steel appliances, granite countertops, and wood-style
flooring. The property amenities include secured gated access, a resort style swimming pool, fitness center, and community garden.
The property is in close proximity to numerous upscale retail locations. Construction of the property was completed in March 2013.
The Company has obtained a mortgage of $26.3 million for 10 years at a fixed rate of 4.6% with three years of interest only payments
followed by principal and interest payments based on a 30-year amortization schedule thereafter.
These acquisitions were funded in part with proceeds from the
Company's recently completed common stock rights offering and separate private placement transaction, in which the Company
raised gross proceeds of $150.0 million.
About Trade Street Residential, Inc.
Trade Street Residential, Inc. is a full service, vertically
integrated, self-administered and self-managed real estate investment trust focused on acquiring, owning, operating and managing
conveniently located, garden-style and mid-rise apartment communities in mid-sized cities and suburban submarkets of larger cities
primarily in the southeastern United States, including Texas.
CONTACT:
Investor Relations:
Stephen Swett
786-248-6099
ir@trade-street.com
Media Contact:
Jason Chudoba, ICR for Trade Street
646-277-1249
Jason.Chudoba@icrinc.com

text: Trade Street Residential

text:
Trade
Street Residential, Inc.

text: Michael Baumann

text:
Trade Street
Residential

text: Trade Street Residential, Inc.

text: Trade Street Residential, Inc.


text:
EX-99.1
4
eh1700327_ex9901.htm
EXHIBIT 99.1
EXHIBIT 99.1
FOR IMMEDIATE RELEASE
PERFORMANCE SPORTS GROUP COMPLETES SALE OF SUBSTANTIALLY ALL OF ITS ASSETS TO INVESTOR GROUP LED BY SAGARD AND FAIRFAX FINANCIAL
EXETER, N.H., Feb. 28, 2017 -
Performance Sports Group Ltd. ("Performance Sports Group" or the "Company") announces the completion of the sale of substantially all of the assets of the Company and its North American subsidiaries, including its European and global operations (the "Sale"), to an acquisition vehicle co-owned by affiliates of Sagard Holdings Inc. and Fairfax Financial Holdings Limited (the "Purchaser").
The new, privately held company will be a leading developer and manufacturer of ice hockey, roller hockey, lacrosse, baseball and softball sports equipment, as well as related apparel. Its products will be marketed under the BAUER, MISSION, MAVERIK, CASCADE and EASTON brand names and will be distributed by sales representatives and independent distributors throughout the world. Harlan Kent, who previously served as the Chief Executive Officer of Performance Sports Group, will continue to lead the business on an interim basis while a search for a permanent CEO is underway.
The Sale is the culmination of the process commenced by the Company and its North American subsidiaries pursuant to creditor protection proceedings launched on October 31, 2016 in the Ontario Superior Court of Justice under the
Companies' Creditors Arrangement Act
, and in the U.S. Bankruptcy Court for the District of Delaware under Chapter 11 of Title 11 of the U.S. Code. The Company conducted a court-supervised sale and auction process as part of its Canadian and U.S. court proceedings. The bid made by the Purchaser served as the "stalking horse" bid for purposes of the process and was ultimately determined to be the successful bid in accordance with the related court approved bidding procedures. The courts approved the Sale and associated reorganization transactions pursuant to orders dated February 6, 2017 and supplemented on February 10, 2017
.
Paul Desmarais III, Executive Chairman of Sagard Holdings, will serve as chairman of the new company as it transitions to new leadership. He said: "We are excited to build upon the achievements of some of the most innovative and iconic brands in sports. In partnership with Fairfax Financial, we look forward to growing a strong business that is committed to serving a loyal base of customers for the long term. We thank all of Performance Sports Group's people, and especially Harlan Kent, for effectively managing the business through the restructuring process and helping to position it for future success".
Paul Rivett, President of Fairfax Financial, said: "The business is founded upon the strong pillars of its portfolio of industry-leading brands, strong customer relationships and dedicated employees. We will work with Sagard Holdings and the management team to continue innovating and delivering industry-leading products to consumers around the world. We believe that the business has a very bright future and we are excited to help guide the company for many years to come".
Kent said: "During the restructuring process, our team worked very hard to continue to provide outstanding products and service to our customers and to be valued partners to our vendors. I am grateful for the hard work and dedication of my colleagues and for the continued support of our customers and vendors. We look forward to working with the new owners to transition the business to its next successful chapter".
Following closing of the Sale, Karyn O. Barsa, C. Michael Jacobi, Harlan Kent and Bob Nicholson have resigned from the board of directors of the Company.
Bernard McDonell, Chairman of the Board of Performance Sports Group, said: "On behalf of the board, we would like to thank the retiring directors, Harlan
,
and all the Company's employees for their contributions to bringing this sale to completion. We wish them all the best in their future endeavors".
Upon consummation of the Sale, the Company will no longer exist as an operating business and will instead, along with its professional advisors, focus on the completion of its U.S. and Canadian bankruptcy proceedings. This entails, among other things, reconciling claims against the bankruptcy estates and developing a distribution strategy for the sale proceeds in the U.S. and Canadian proceedings, through a liquidating plan or otherwise. Further information will be provided within the context of the Canadian and U.S. court proceedings.
Additional Information
Information about the Company's restructuring process is available at
https://cases.primeclerk.com/PSG
and
www.ey.com/ca/psg
.
Centerview Partners LLC is serving as strategic financial advisor and investment banker; Alvarez & Marsal is serving as restructuring professional, and Brian J. Fox, Managing Director with Alvarez & Marsal, is serving as chief restructuring officer; and Stikeman Elliott LLP and Paul, Weiss, Rifkind, Wharton & Garrison LLP are serving as Canadian and U.S. legal advisors, respectively, to the Company. Bennett Jones LLP is serving as counsel to the independent members of the Company's board of directors.
Sagard and Fairfax are advised by Rothschild Inc., BDT & Company and Scotiabank; Blake, Cassels & Graydon LLP and Torys LLP are serving as Canadian legal advisors, and Kirkland & Ellis LLP and Shearman & Sterling LLP as U.S. legal advisors.
Caution Regarding Forward-Looking Statements
This press release includes forward-looking statements within the meaning of applicable securities laws including with respect to the future activities of Performance Sports Group now that it has disposed of substantially all of its assets, the review, reconciliation and/or determination of outstanding claims against the Company and its North American subsidiaries by stakeholders, including secured, unsecured and equity claimants and related recoveries (if any) to stakeholders and the development of next steps in respect of the estates. The words "may", "will", "would", "should", "could", "expects", "plans", "intends", "trends", "indications", "anticipates", "believes", "estimates", "predicts", "likely" or "potential" or the negative or other variations of these words or other comparable words or phrases, are intended to identify forward-looking statements.
Forward-looking statements, by their nature, are based on assumptions, which, although considered reasonable by the Company at the time of preparation of such disclosure, may prove to be incorrect, and are subject to important risks and uncertainties. Many factors could cause the Company's actual results to differ materially from those expressed or implied by its forward-looking statements, including, without limitation, the inherent risk and uncertainty involved in the Company's bankruptcy proceedings, the cooperation of creditors and other stakeholders of the Company, the Company's ability to meet certain obligations during the bankruptcy proceedings, the Company's ability to obtain approval with respect to motions in the bankruptcy proceedings, the courts' rulings in the bankruptcy proceedings or a decision of any
2
other Canadian or U.S. court in respect thereof, the outcome of the bankruptcy proceedings in general, the length of time of the bankruptcy proceedings, risks associated with third-party motions in the bankruptcy proceedings, increased legal and advisory costs related to the bankruptcy proceedings and other litigation, the timing and outcome of the results of the internal investigation being conducted on behalf of the audit committee of the board of directors of the Company in relation to the finalization of the Company's financial statements and related certification process,
and other applicable factors identified in the "Risk Factors" sections of the Company's annual report on Form 10-K dated August 26, 2015, and quarterly report on Form 10-Q dated April 14, 2016, which are available on EDGAR at www.sec.gov, on SEDAR at www.sedar.com.
Furthermore, unless otherwise stated, the forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not intend and undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law.
Contact:
For the Company:
Michael Wall
Tel 1-603-430-2111
For the new company:
Michelle Hanson
Tel 1-603-430-2111
3

text: PERFORMANCE SPORTS GROUP

text: Performance Sports Group Ltd.

text: Performance Sports Group

text: Sagard Holdings Inc.

text: Fairfax Financial Holdings Limited

text: Performance Sports Group

text: Performance Sports Group

text: Paul Rivett

text: Performance Sports Group

text: Brian J. Fox

text: Rothschild Inc.

text: BDT & Company

text: Scotiabank

text: Kirkland & Ellis LLP

text: Shearman & Sterling LLP

text: Performance Sports Group


text:
EX-99.1
2
major_announcementxfinal.htm
EXHIBIT 99.1
Exhibit
SPARK ENERGY, INC. ANNOUNCES CLOSING OF MAJOR ENERGY ACQUISITION
HOUSTON, Aug. 23, 2016 - Spark Energy, Inc. (NASDAQ: SPKE), a Delaware corporation ("Spark" or the "Company"), announced today that the Company has completed its acquisition of the Major Energy Companies ("Major Energy"). Spark expects the acquisition to be immediately accretive to earnings.
"Major Energy enhances our leading position in the Northeast markets we serve and gives Spark an additional established brand along with 220,000 RCEs", said Nathan Kroeker, Spark's President and Chief Executive Officer. "We expect to realize multiple top and bottom line synergies as we work to fully integrate Major Energy into the Spark platform".
"We are thrilled to join the Spark family", added Dan Alper, Chief Executive Officer of Major Energy. "We have already been working with National Gas & Electric to integrate customer billing systems, streamline our reporting, and share best practices in anticipation of the drop-down to Spark".
"We are proud of how quickly and efficiently the teams at National Gas & Electric and the Company worked to complete this transaction", said W. Keith Maxwell III, NG&E's Chief Executive Officer and Founder and Chairman of Spark. "Looking forward, we are excited for the Company's future as we continue to evaluate several acquisition opportunities that could be potential dropdowns to Spark".
Major Energy represents the seventh acquisition by Spark since its initial public offering on August 1, 2014.
About Spark Energy, Inc.
Spark Energy, Inc. is an established and growing independent retail energy services company founded in 1999 that provides residential and commercial customers in competitive markets across the United States with an alternative choice for their natural gas and electricity. Headquartered in Houston, Texas, Spark currently operates in 18 states and serves 90 utility territories. Spark offers its customers a variety of product and service choices, including stable and predictable energy costs and green product alternatives.
Contact: Spark Energy, Inc.
Investors:
Andy Davis, 832-200-3727
Media:
Eric Melchor, 281-833-4151

text: SPARK ENERGY, INC.

text: MAJOR ENERGY

text: Spark Energy, Inc.

text: Major Energy Companies

text: Major Energy

text: Major Energy

text: Major Energy

text: Dan Alper

text: Major Energy

text: Major Energy

text: Spark Energy, Inc.

text: Spark Energy, Inc.

text: Spark Energy, Inc.


text:
EX-99.1
4
ex991-pressreleasexaus.htm
EX-99.1
Document
Exhibit 99.1
Press Release
For Immediate Release
Contact: Alanna Vitucci
alanna.vitucci@zovio.com
858 668 2586 x11636
Zovio Announces Historic Higher Education Transaction
Zovio completes sale of Ashford University to University of Arizona Global Campus, will continue to provide world-class education technology services
CHANDLER, Ariz. (Dec. 1, 2020) - Zovio (Nasdaq: ZVO), announced today that the sale of Ashford University to University of Arizona Global Campus ("Global Campus") is now complete. Following approval from WSCUC in November, the University of Arizona announced the inaugural board of directors for Global Campus.
Due to COVID-19, the pivot to digital learning in higher education has accelerated. College students are increasingly turning to online learning options, while more institutions than ever are offering their programs on-campus and online. Global Campus, facilitated by Zovio technology, will pioneer the future of higher education by meeting students wherever they are in their educational journey and wherever they live.
With the transaction's close, Global Campus is moving forward with ensuring that nontraditional and underrepresented students can access affordable and high-quality online higher education.
This transaction allows Zovio to continue providing innovative and data-driven education technology services to Global Campus under a long-term Strategic Services Agreement, cementing Zovio's position as a world-class education technology services company. It furthers Zovio's ability to pursue diversified growth as a leading provider of technology and services to other higher education institutions, corporations, and learners.
"Zovio is proud to partner with University of Arizona Global Campus to provide our data-driven technology services to meet the needs of each student, particularly nontraditional students who need flexible access to a high-quality online education that will help them achieve their goals", said Zovio Founder, President, and CEO Andrew Clark. "Today's news is further proof that it will be innovative models for education like this which will redefine the future of learning. By providing online education services that meet both the learners' and universities' needs, Zovio technology is fueling better decision making, insights, and solutions that promote student retention and degree completion".
"In the same way that education is transformative for individuals and communities, Global Campus and its partnership with Zovio will help transform higher education", said University of Arizona Global Campus Interim CEO Paul Pastorek. "Global Campus and Zovio prioritize ensuring student success, and this partnership will provide both the high-quality online classroom experience as well the personalized support services that will help our students achieve their career and personal goals".
About Zovio
Zovio (Nasdaq: ZVO) is an education technology services company that partners with higher education institutions and employers to deliver innovative, personalized solutions to help learners and leaders achieve their aspirations. The Zovio network, which includes Fullstack Academy,
Exhibit 99.1
TutorMe, and Learn@Forbes, leverages its core strengths and applies its technology and capabilities to priority market needs. Using advanced data and analytics, Zovio identifies the most meaningful ways to enhance the learner experience and deliver strong outcomes for higher education institutions, employers, and learners. Zovio's purpose is to help everyone be in a class of their own. For more information, visit www.zovio.com.
About The University of Arizona Global Campus
The University of Arizona Global Campus ("Global Campus" or "UAGC") is an independent university that is operated in affiliation with the University of Arizona. Global Campus is designed to provide flexible opportunities for working students from diverse backgrounds who seek to gain knowledge and skills that will help them to achieve their life and career goals. Global Campus builds on Ashford University's promise of high-quality online learning, access and inclusivity and the University of Arizona's mission as a land-grant institution focused on student success. Global Campus is accredited by the Western Association of Schools and Colleges Senior College and University Commission (WSCUC) and is one of the nation's most innovative online universities with approximately 35,000 students. UAGC ranks No. 2 in the U.S. with 318 Quality Matters (QM) certified courses and has more than 50 degrees at the associate, bachelor's, master's and doctoral levels. For more information, visit uagc.edu.

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EX-99.1
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g081834_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
Stockholders of TheStreet Approve Merger
with Maven
and
Final Special Cash Distribution Announced
NEW YORK
,
August
7,
2019 -- TheStreet, Inc. (Nasdaq: TST), a leading financial news and information
company, today announced TheStreet's stockholders approved the previously announced merger transaction (the "Merger"),
pursuant to which an indirect subsidiary of TheMaven, Inc., a coalition of content producers operating on a shared digital publishing,
advertising and distribution platform ("Maven"), will acquire all of the outstanding common shares of TheStreet for
$16.5 million in cash or $3.09183364 per share (the "Merger Consideration").
In addition to a pro-rata
portion of the Merger Consideration, stockholders of TheStreet will receive additional consideration in connection with the closing
of the Merger consisting of (1) a final special cash distribution of $3.35 per share as described below and (ii) a contingent value
right, or CVR, which will entitle each holder to receive a pro-rata portion of funds escrowed in connection with the prior sale
of its institutional business units when and if such funds are released from escrow in the first quarter of 2020 as further described
below.
The Board of Directors
has approved a final special cash distribution in the aggregate amount of $17.9 million or $3.35 per share, which distribution
is contingent on the closing of the Merger (the "Pre-Merger Special Distribution"). The Pre-Merger Special Distribution
consists of all cash held by the TheStreet immediately prior to the closing of the Merger less certain excluded liabilities as
agreed to among the parties. The distribution will be made stockholders of record on August 7, 2019 and payable on August 12, 2019.
In addition to the Merger
Consideration and the Pre-Merger Special Distribution, stockholders of TheStreet will also receive a CVR which will entitle each
holder to receive a pro-rata portion of funds from an outstanding escrow agreement entered into by the Company in connection with
the sale of BoardEx and TheDeal. The escrowed funds are currently scheduled to be released after January 31, 2020 and management
currently estimates that the aggregate amount that will be released from such escrow is $520,000 or $0.09 per share. There can
be no assurance that this escrow will be released in full or at all since the purchaser in the prior transaction has certain indemnification
rights related to pre-closing tax liabilities which may be satisfied through its receipt of all or a portion of such escrow. Therefore,
there is no guaranty that any payment will be made to holders of CVRs in respect of their contingent value rights.
More than 96% of the shares
of TheStreet voted at the special meeting were voted in favor of the Merger. TheStreet will file the final vote results on a Form
8-K with the U.S. Securities and Exchange Commission. The Merger is expected to close after the market closes on August 7, 2019.
Following the closing of the Merger, TheSteet's common stock will cease to be traded on the Nasdaq Capital Market.
Moelis & Company LLC
acted as the sole financial advisor to TheStreet on the transaction. Lake Street Capital Markets, LLC rendered a fairness opinion
to the Board of Directors of TheStreet with respect to the Merger Consideration and Orrick, Herrington & Sutcliffe LLP acted
as legal advisor to TheStreet.
About TheStreet, Inc.
TheStreet, Inc. (NASDAQ: TST,
www.t.st
) is a leading
financial news and information provider to investors and institutions worldwide. The Company's flagship brand, TheStreet (
www.thestreet.com
),
has produced unbiased business news and market analysis for individual investors for more than 20 years.
About Maven
Maven (maven.io) is a coalition of Mavens, including individual
thought-leaders to world-leading independent publishers, operating on a shared digital publishing, advertising, and distribution
platform and unified under a single media brand. Based in Seattle, Maven is publicly traded under the ticker symbol MVEN.
Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements as that
term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements regarding
our planned sale of the Company. Such forward-looking statements are subject to risks and uncertainties, including those described
in the Company's filings with the Securities and Exchange Commission ("SEC") that could cause actual results to differ
materially from those reflected in the forward-looking statements. Factors that might contribute to such differences include, among
others, failure of the merger transaction to close, failure of the Company to receive the expected release of funds from the escrow
agreement which is the basis for the CVR, economic downturns and the general state of the economy, including the financial markets
and mergers and acquisitions environment; our ability to drive revenue, and increase or retain current subscription revenue, particularly
in light of the investments in our expanded news operations; our ability to develop new products; competition and other factors
set forth in our filings with the SEC, which are available on the SEC's website at www.sec.gov. All forward-looking statements
contained herein are made as of the date of this press release. Although the Company believes that the expectations reflected in
the forward-looking statements are reasonable, the Company cannot guarantee future results or occurrences. The Company disclaims
any obligation to update these forward-looking statements, whether as a result of new information, future developments or otherwise.
Contacts: Eric Lundberg, CEO and CFO, TheStreet, Inc., Eric.lundberg@thestreet.com

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EX-99.1
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ex99_1.htm
EXHIBIT 99.1
ex99_1.htm
EXHIBIT 99.1
For additional information, contact:
T. Heath Fountain
Executive Vice President and
Chief Financial Officer
(229) 878-2055
HERITAGEBANK OF THE SOUTH, A SUBSIDIARY OF HERITAGE FINANCIAL GROUP, PURCHASES FRONTIER BANK IN TRANSACTION WITH THE FDIC
ALBANY, Ga. (March 8, 2013) - Heritage Financial Group, Inc. (NASDAQ: HBOS), the holding company for HeritageBank of the South, today announced that HeritageBank of the South has entered into a definitive whole-bank purchase and assumption agreement with the Federal Deposit Insurance Corporation ("FDIC") to acquire Frontier Bank, a full-service bank based in LaGrange, Georgia. The Georgia Department of Banking and Finance today closed Frontier Bank and, by Order of the Georgia Superior Court, appointed the FDIC as Receiver.
Three of Frontier Bank's branches are strategically located for HeritageBank of the South along the 40-mile corridor between LaGrange and Auburn, Alabama, a market that the Bank entered in 2012. Six additional branches are located south and southeast of Birmingham, Alabama, marking HeritageBank of the South's entry into this new market.
As a result of this acquisition, HeritageBank of the South will assume approximately $224 million in deposits and acquire approximately $111 million in loans. HeritageBank of the South will not acquire any of Frontier Bank's other real estate owned. This transaction does not involve a loss-share agreement, but is subject to an asset purchase discount of $34.8 million.
The nine branches in Georgia and Alabama previously operated by Frontier Bank will reopen on Saturday or Monday, according to their prior normal operating hours, as branches of HeritageBank of the South. Depositors of Frontier Bank will automatically become depositors of HeritageBank of the South, and deposits will continue to be insured by the FDIC. With this acquisition, HeritageBank of the South will now operate 29 banking locations.
Commenting on the announcement, Leonard Dorminey, President and Chief Executive Officer of Heritage Financial Group, said, "We are pleased to welcome the customers of Frontier Bank to HeritageBank of the South and count them among our valued family of customers. It is our hope to make this transition as transparent and easy as possible for all. We want to assure our new customers that their deposits are safe and fully accessible using their existing account numbers, checks, and debit/ATM cards. These accounts will automatically be converted into standard HeritageBank of the South deposit accounts in an orderly fashion. We look forward to proving to our new Frontier Bank customers the difference that we bring to community banking, building on already strong relationships to achieve even greater things in the months and years ahead".
Dorminey pointed out that the Company's strong capital position - with a Total Risk-Based Capital Ratio of 18.4% at December 31, 2012 - has enabled it to continue to take advantage of expansion opportunities. Frontier Bank represents the fourth acquisition with the FDIC that HeritageBank of the South has completed. "We are excited by the opportunities this acquisition presents to our company, including the overall continued growth of our franchise in Georgia, Alabama and Florida, and more specifically to our growing presence in and around Auburn, Alabama", Dorminey continued. "The Auburn-Opelika market has proven to be very attractive for our bank: it is home to Auburn University and the robust economic environment associated with the Kia Motors manufacturing plant and related suppliers in the area, making it one of the most attractive markets in the state.
-MORE-
HBOS Acquires Frontier Bank
Page 2
March 8, 2013
"Additionally, we look forward to the opportunity to enter the Birmingham market", Dorminey added, "one of the major metropolitan markets in the state where we hope to differentiate HeritageBank of the South as a leader in community banking and build a solid banking platform for future growth. Overall, we feel confident about the quality of the assets we are acquiring and the limited risk structure of this deal".
Keefe, Bruyette & Woods served as financial advisor to the Company in this transaction.
About Heritage Financial Group, Inc. and HeritageBank of the South
Heritage Financial Group, Inc. is the holding company for HeritageBank of the South, a community-oriented bank serving primarily South Georgia, North Central Florida and Eastern Alabama through 29 full-service branch locations, 13 mortgage offices, and 4 investment offices. As of December 31, 2012, the Company reported total assets of approximately $1.1 billion and total stockholders' equity of approximately $121 million. For more information about the Company, visit HeritageBank of the South on the Web at
www.eheritagebank.com
and see Investor Relations under About Us.
Cautionary Note Regarding Forward Looking Statements
Except for historical information contained herein, the matters included in this news release and other information in the Company's filings with the Securities and Exchange Commission may contain certain "forward-looking statements", within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements can be identified by the fact that they do not relate strictly to historical or current facts and often use words or phrases "opportunities", "prospects", "will likely result", "are expected to", "will continue", "is anticipated", "estimate", "project", "intends" or similar expressions. The forward-looking statements made herein represent the current expectations, plans or forecasts of the Company's future results and revenues. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Reform Act of 1995 and includes this statement for purposes of these safe harbor provisions. These statements are not guarantees of future results or performance and involve certain risks, uncertainties and assumptions that are difficult to predict and are often beyond the Company's control. Actual outcomes and results may differ materially from those expressed in, or implied by, any of these forward-looking statements. Investors should not place undue reliance on any forward-looking statement and should consider the uncertainties and risks, discussed under Item 1A. "Risk Factors" of the Company's 2011 Annual Report on Form 10-K and in any of the Company's subsequent SEC filings. Further information concerning the Company and its business, including additional factors that could materially affect the Company's financial results, is included in its other filings with the SEC.
-END-

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text: HeritageBank of the South


text:
EX-99.1
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ex_283785.htm
EXHIBIT 99.1
ex_283785.htm
Exhibit 99.1
ModivCare Completes Acquisition of CareFinders
DENVER - September 14, 2021 - ModivCare Inc. ("ModivCare" or the "Company") (Nasdaq: MODV), a technology-enabled healthcare services company that provides a suite of integrated supportive care solutions focused on improving patient outcomes, today announced that the Company has completed its previously announced acquisition of Care Finders Total Care LLC ("CareFinders"), a personal care provider in the Northeast with a scaled presence in New Jersey, Pennsylvania, and Connecticut. The aggregate consideration paid was approximately $340 million in cash, subject to customary purchase price adjustments.
Forward-Looking Statements
Certain statements contained in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are predictive in nature and are frequently identified by the use of terms such as "may", "will", "should", "expect", "anticipate", "believe", "estimate", "intend", and similar words indicating possible future expectations, events or actions. In addition, statements that are not historical statements of fact should also be considered forward-looking statements. Such forward-looking statements are based on current expectations, assumptions, estimates and projections about the Company's business and the Company's industry, and are not guarantees of the Company's future performance. These statements are subject to a number of known and unknown risks, uncertainties and other factors, many of which are beyond the Company's ability to control or predict, which may cause actual events to be materially different from those expressed or implied herein.
The Company has provided additional information in its Annual Report on Form 10-K filed with the Securities and Exchange Commission (the "SEC") for the fiscal year ended December 31, 2020 and subsequent filings with the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made and are expressly qualified in their entirety by the cautionary statements set forth herein and in our other filings with the SEC. We undertake no obligation to update or revise any forward- looking statements contained in this release, whether as a result of new information, future events or otherwise, except as required by applicable law.
About ModivCare
ModivCare Inc. ("ModivCare") (Nasdaq: MODV) is a technology-enabled healthcare services company that provides a suite of integrated supportive care solutions for public and private payors and their patients. Our value-based solutions address the social determinants of health (SDoH), enable greater access to care, reduce costs, and improve outcomes. We are a leading provider of non-emergency medical transportation (NEMT), personal and home care, and nutritional meal delivery. ModivCare also holds a minority equity interest in CCHN Group Holdings, Inc. and its subsidiaries ("Matrix Medical Network"), which partners with leading health plans and providers nationally, delivering a broad array of assessment and care management services to individuals that improve health outcomes and health plan financial performance. To learn more about ModivCare, please visit www.modivcare.com.
1
Media:
Kate Zerone
Senior Manager, Communications
kate.zerone@modivcare.com
Investors:
The Equity Group
Kalle Ahl, CFA
kahl@equityny.com
2

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text:
EX-99.1
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EXHIBIT 99.1
ex99-1.htm
Exhibit 99.1
Cohu
Completes Acquisition of Kita
POWAY, Calif., January 5, 2017, Cohu, Inc. (NASDAQ:COHU) today announced the completion of its previously disclosed acquisition of Kita Manufacturing Co. LTD. (Kita), a Japan-based company that designs, manufactures and sells spring probe contacts used in final test contactors, probe cards, PCB test boards and connectors sold to customers worldwide. Kita's sales for 2016 were approximately $17 million. The purchase price was $15 million in cash funded out of Cohu's existing cash reserves plus the assumption of debt including that for a manufacturing capacity expansion in Osaka. The purchase agreement also provides for up to $3 million of contingent earn-out cash consideration based on certain growth targets for revenue and profitability.
About Cohu:
Cohu is a leading supplier of semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors and thermal sub-systems used by global semiconductor manufacturers and test subcontractors.
Contact Information:
Cohu: Jeffrey D. Jones - Investor Relations (858) 848-8106

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