text:
EX-99.1
4
ex99-1.txt
PRESS RELEASE
EXHIBIT 99.1
PRESS RELEASE
-------------
BOWLING GREEN, KY.- (BUSINESS WIRE) - June 24, 2005 Technol Fuel Conditioners,
Inc. (TFC) (Pink Sheets: THFC), announced today that it has completed the first
portion of an agreement to acquire Allied Syndications Inc., ("Allied") a Texas
corporation. The acquisition will effect a change in control of Technol Fuel
Conditioners, Inc. and Richard P. Underwood has been elected the new President,
Chairman and Sole Director. Immediately subsequent to the Allied acquisition and
appointment of Mr. Underwood as the new director and officer, Technol Fuel
Conditioners, Inc. completed the sale of prior assets of the Company to an
investment group headed by the former majority shareholders of the Company.
Included in the purchase was the assumption and release of all of the operating
debt of the subsidiary Technol Fuel of New Jersey, amounting to approximately
one million dollars.
Richard P. Underwood, Chairman and CEO of THFC: "The acquisition of Allied, I
believe, will be beneficial for all of the shareholders of Technol. The release
of the prior Technol New Jersey debt and the acquisition of Allied Syndication's
control shares allows the Company to pursue a whole new format in the dynamic
area of energy".
About Technol Fuel Conditioners, Inc.
Technol Fuel Conditioners is a Colorado corporation that acquired Technol
Fuel Conditioners of New Jersey in January of 2004; however Technol Fuel of New
Jersey was never able to obtain sufficient financial commitments to meet its
business goals and had accumulated over one million dollars in debt at the time
of this transaction.
About Allied Syndications, Inc.
Allied Syndications, Inc. is a Texas corporation with principal offices in
Bowling Green Ky, possessing oil and gas interests in Texas and coal interests
in Iowa. Allied's website is www.alliedenergygroup.com.
FOR MORE INFORMATION PLEASE CONTACT:
Richard Underwood
Allied Syndications, Inc.
2800 Griffin Drive
Bowling Green, Ky. 42101
1-800-330-2535
Safe Harbor Statement:
This information includes certain "forward-looking statements." The
forward-looking statements reflect the beliefs, expectations, objectives, and
goals of the Company management with respect to future events and financial
performance. They are based on assumptions and estimates, which are believed
reasonable at the time such statements are made. However, actual results could
differ materially from anticipated results. Important factors that may impact
actual results include, but are not limited to commodity prices, political
developments, legal decisions, market and economic conditions, industry
competition, the weather, changes in financial markets and changing legislation
and regulations. Matters discussed in this press release may contain
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. When used in this press release, the words
"anticipate", "believe", "estimate", "may", "intend", "expect" and similar
expressions identify such forward-looking statements. Actual results,
performance or achievements could differ materially from those contemplated,
expressed or implied by the forward-looking statements contained herein. These
forward-looking statements are based largely on the expectations of the Company
and are subject to a number of risks and uncertainties. These include, but are
not limited to, risks and uncertainties associated with: the impact of economic,
competitive and other factors affecting the Company and its operations, markets,
product, and distributor performance, the impact on the national and local
economies resulting from terrorist actions, and U.S. actions subsequently; and
other factors detailed in reports filed by the Company. Forward-looking
statements are intended to qualify for the safe harbor provisions of Section 21E
of the Securities and Exchange Act of 1934, as amended.
----------

text:
Technol Fuel Conditioners,
Inc.

text: Allied Syndications Inc.

text: Allied

text:
Technol Fuel
Conditioners, Inc.

text: Richard P. Underwood

text: Allied

text:
Technol Fuel
Conditioners, Inc.

text: Richard P. Underwood

text: Allied

text: Allied

text: Technol Fuel Conditioners, Inc.

text: Allied


dataset: buster

text:
EX-99.2
11
dex992.htm
PRESS RELEASE ANNOUNCING THE ENTRY INTO A DEFINITIVE AGREEMENT
Press release announcing the entry into a definitive agreement
Exhibit 99.2
FOR IMMEDIATE RELEASE
January 4, 2007
Huron Consulting Group Agrees to Acquire Glass & Associates, Inc.
CHICAGO - January 4, 2007 - Huron Consulting Group Inc. (NASDAQ: HURN), a leading provider of financial and operational consulting services, today
announced it has entered into a definitive agreement to acquire Glass & Associates, Inc., a leading turnaround and restructuring firm.
"Since Huron opened its doors in 2002, turnaround and restructuring services have been part of our balanced portfolio of service offerings and our financial success. The addition of the world class executives and their team at Glass
provides additional avenues for growth for our Corporate Advisory Services practice", said Gary E. Holdren, chairman and chief executive officer, Huron Consulting Group.
"By joining forces with Huron, we will be able to provide our clients with services that extend far beyond our current core competencies in restructuring and turnarounds", said John DiDonato, president,
Glass & Associates, Inc.
Under the terms of the purchase agreement, Huron will acquire Glass & Associates for a purchase price at
closing of approximately $30 million in cash. Additional purchase consideration will be payable in cash to shareholders of Glass if specific performance targets are met. The acquisition is subject to various closing conditions and closing is
expected to occur next week. Glass had unaudited 2006 calendar year revenues of approximately $24 million. Huron expects that the acquisition will be accretive to 2007 earnings and will provide guidance updates when it releases results for the
fourth quarter and full year 2006.
With the acquisition of Glass, Huron continues to expand its position in the consulting and restructuring marketplace.
Huron expects the auto, healthcare, industrial manufacturing, and retail industries to continue to face credit challenges which will drive demand for services in the upcoming years. In joining Huron, DiDonato will lead Huron's Corporate
Advisory Services practice and will be based in New York. In addition, Dalton T. Edgecomb, Sanford R. Edlein, and Shaun Martin will join the Company as managing directors.
Founded in 1985, Glass & Associates provides advice and leadership to troubled businesses in the United States and Europe. The firm's executives work closely with management to create and implement
strategies that secure the future of the distressed company. Glass identifies underlying operational issues - not just financial problems - to maximize the organization's value to shareholders, creditors and employees. Glass will
bring a team of approximately 35 revenue-generating professionals and a complement of independent contractors.
In connection with this acquisition and the acquisition of Wellspring Partners LTD also announced today, Huron has
amended its credit agreement so that the maximum amount of principal that may be borrowed under the unsecured revolving credit facility is increased from $75 million to $130 million. No other key terms of the credit agreement, which was
originally entered into on June 7, 2006 and expires on May 31, 2011, were modified under the amendment, and the balance of the credit facility will remain available for future working capital requirements and other corporate
purposes.
About Huron Consulting Group
Huron
Consulting Group helps clients effectively address complex challenges that arise in litigation, disputes, investigations, regulatory compliance, procurement, financial distress, and other sources of significant conflict or change. The Company also
helps clients deliver superior customer and capital market performance through integrated strategic, operational, and organizational change. Huron provides services to a wide variety of both financially sound and distressed organizations, including
Fortune 500 companies, medium-sized businesses, leading academic institutions, healthcare organizations, and the law firms that represent these various organizations. Learn more at
www.huronconsultinggroup.com
.
Statements in this press release, which are not historical in nature and concern Huron Consulting Group's current expectations about the company's reported
results for 2006 and future results in 2007 are "forward-looking" statements as defined in Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Forward-looking statements are
identified by words such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", or "continue." These forward-looking statements reflect our
current expectation about our future results, performance or achievements, including without limitation, that our business continues to grow at the current expectations with respect to, among other factors, utilization and billing rates and number
of consultants; that we are able to expand our service offerings through our existing consultants and new hires; that we successfully integrate the businesses we acquire; and that existing market conditions do not change from current expectations.
These statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by
these forward-looking statements. Therefore you should not place undue reliance on these forward-looking statements. Please see "Risk Factors" in our Form 10-K and in other documents we file with the Securities and Exchange Commission for
a complete description of the material risks we face.
Media Contact:
Jennifer Frost Hennagir
312-880-3260
jfrost-hennagir@huronconsultinggroup.com
Investor Contact:
Gary L. Burge, Chief Financial Officer
312-583-8722
garyburge@huronconsultinggroup.com
###

label: organization

text: Huron Consulting Group

text: Glass & Associates, Inc.

text: Huron Consulting Group Inc.

text: Glass & Associates, Inc.

text: Huron

label: person

text: Gary E. Holdren

text: Huron Consulting Group

text: Huron

text: Glass & Associates, Inc.

text: Huron

text: Glass & Associates

text: Huron

text: Huron

text: Huron

text: Huron

text: Huron

text: Glass & Associates

text: Wellspring Partners LTD

override: organization

text: Huron

text: Huron Consulting Group

text:
Huron
Consulting Group

text: Huron

text: Huron Consulting Group

text: Gary L. Burge

source_dataset: expertai/BUSTER

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


text:
EX-99.1
3
d28131_ex99-1.htm
EX-99.1
Exhibit 99.1
FOR IMMEDIATE RELEASE
CONTACT:
James River Coal Company
Elizabeth M. Cook
Director of Investor Relations
(804) 780-3000
JAMES RIVER COAL COMPANY CLOSES ACQUISITION OF
INTERNATIONAL RESOURCE PARTNERS LP
RICHMOND, VA., April 18, 2011 - James River Coal Company (NASDAQ:
JRCC) today announced that it closed the previously announced acquisition of International Resource Partners LP (IRP) and its affiliated companies for $475 million in an all-cash transaction.
The acquisition was financed using a portion of the proceeds from James River
Coal's recent sales of 7,647,500 shares of its common stock, $230 million aggregate principal amount of its 3.125% convertible senior notes due 2018 and $275 million aggregate principal amount
of its 7.875% senior notes due 2019.
FORWARD-LOOKING STATEMENTS:
Certain statements in this press release, and
other written or oral statements made by or on behalf of us are "forward-looking statements" within the meaning of the federal securities laws. Statements regarding future events and
developments and our future performance, as well as management's expectations, beliefs, plans, estimates or projections relating to the future, are forward-looking statements within the meaning
of these laws. These forward-looking statements are subject to a number of risks and uncertainties. These risks and uncertainties include, but are not limited to, the following: the risk that
the business of IRP will not be integrated successfully with our businesses or such integration may be more difficult, time-consuming or costly than expected; uncertainty of our expected financial
performance following completion of the proposed transaction; our ability to achieve the cost savings and synergies contemplated by the proposed transaction within the expected time frame; disruption
from the proposed transaction making it more difficult to maintain relationships with customers, employees or suppliers; changes in the demand for coal by electric utility customers; the loss of one
or more of our largest customers; inability to secure new coal supply agreements or to extend existing coal supply agreements at market prices; failure to exploit additional coal reserves, including
reserves contiguous to those currently held by our Midwest operations; increased capital expenditures; encountering difficult mining conditions; increased compliance costs; bottlenecks or other
difficulties in
transporting coal to our customers; delays in the
development of new mining projects; increased costs of raw materials; lack of availability of financing sources; the effects of litigation, regulation and competition; and the other risks detailed
in our reports filed with the Securities and Exchange Commission (SEC). Management believes that these forward-looking statements are reasonable; however, you should not place undue reliance on such
statements. These statements are based on current expectations and speak only as of the date of such statements. We undertake no obligation to publicly update or revise any forward-looking statement,
whether as a result of future events, new information or otherwise.

text: James River Coal Company

text: Elizabeth M. Cook

text: JAMES RIVER COAL COMPANY

text: INTERNATIONAL RESOURCE PARTNERS LP

text: James River Coal Company

text: International Resource Partners LP


text:
EX-99.1
3
f991.htm
PRESS RELEASE DATED MAY 23, 2017
Converted by EDGARwiz
FORTEM RESOURCES ACQUIRES CITY OF GOLD, LLC
AND INDIRECT RIGHT TO ACQUIRE INTEREST IN MYANMAR MINING PROJECT
May 23, 2017 - Fortem Resources Inc. (OTCQB: FTMR)
("
Fortem
" or the
"Company"
) is pleased to announce that on May 17, 2017, it acquired 100% of the membership interest in City of Gold, LLC, a Nevada limited liability company, from two Nevada limited liability companies - MAB Resources Holdings LLC and JM Magna Holdings LLC (each a
"Transferor"
), pursuant to a Membership Interest Purchase Agreement dated as of May 17, 2017. The Membership Interest Purchase Agreement provides for a total purchase price consisting of an aggregate of 30,000,000 common shares in the capital of the Company at a deemed price of $2.00 per share (the
"Purchase Shares"
). 15,000,000 of the Purchase Shares were issued at closing (7,500,000 to each Transferor); the other 15,000,000 Purchase Shares are to be issued within ten Business Days after City of Gold, LLC earns the Option described below.
City of Gold, LLC was formed in November of 2016. Its sole assets consist of 2,930,259 common shares and 2,930,259 share purchase warrants in the capital of Asia Pacific Mining Limited (
"Asia Pacific"
) and its rights under a binding financing and option agreement (the
"Option Agreement"
) with Asia Pacific and an individual named Nyi Nyi Lwin. City of Gold, LLC's only liabilities consist of three demand notes in favor of the Company for an aggregate of $1,500,000.
Under the Option Agreement, Asia Pacific and Nyi Nyi Lwin have agreed to grant to City of Gold, LLC the option (the
"Option"
) to purchase 100% of the ownership interest in a wholly-owned subsidiary of Asia Pacific (the
"Project Subsidiary"
) which, in turn, owns 100% of the rights to the City of Gold mineral exploration project located in Myanmar which covers an area of approximately 465 square kilometers in close proximity to hydropower, water, and infrastructure to accommodate exploration and development of the property. City of Gold, LLC can earn the Option upon issuance of an exploration license for the City of Gold Project, subject to a financing condition.
Once it has earned the Option, City of Gold, LLC will have the option to require Asia Pacific to transfer the Project Subsidiary to a Canadian publicly listed company to be selected by City of Gold, LLC (
"Acquisition Co"
) for an exercise price consisting of US$7,000,000 in cash and thirty percent of the issued and outstanding share capital of Acquisition Co (calculated on a fully diluted basis, excluding up to 10% in stock options, but including shares Acquisition Co may have issued in order to raise the exercise price of US$7,000,000 and an additional $5,000,000 in working capital). Half of the cash portion of the exercise price must be paid upon exercise of the Option; the balance is to be paid on the first anniversary of the exercise and is to be evidenced by a one-year secured term note. Although City of Gold, LLC has the right to select Acquisition Co., it must select a Canadian publicly listed company that meets certain criteria - at exercise of the Option, Acquisition Co must have less than US$100,000 in liabilities and US$5,000,000 or more in working capital and Asia Pacific will have the right to nominate 30% of its directors.
Michael Caetano, Director and CEO stated, "The addition of City of Gold makes us more of a diversified resource company. We are excited about exploring this prolific opportunity and working closely with the Myanmar government to achieve great relationships and new economics".
About Fortem Resources
Fortem Resources Inc. is a publicly traded diversified natural resource company with mainly oil and gas assets in North America and other international jurisdictions. The Company's common shares are quoted on the OTCQB under the symbol FTMR.
On behalf of the Board of Directors,
FORTEM RESOURCES INC.
"Michael Caetano"
Michael Caetano
Chief Executive Officer

text: FORTEM RESOURCES

text: CITY OF GOLD, LLC

text: Fortem Resources Inc.

text: City of Gold, LLC

text: MAB Resources Holdings LLC

text: JM Magna Holdings LLC

text: City of Gold, LLC

text: City of Gold, LLC

text: City of Gold, LLC

text: City of Gold, LLC

text: City of Gold, LLC

text: City of Gold, LLC

text: City of Gold, LLC

text: City of Gold, LLC

text: Michael Caetano

text: Fortem Resources

text: Fortem Resources Inc.

text: FORTEM RESOURCES INC.

text: Michael Caetano

text: Michael Caetano


text:
EX-99.1
3
ex99x1.htm
EXHIBIT 99.1
Exhibit 99.1
Eco
Innovation Establishes Canada Subsidiary to Drive Green Technology Growth
VAN
NUYS, CA, May 20, 2021, - Eco Innovation Group, Inc. (OTC: ECOX) ("ECOX" or the "Company"), an innovative company
aggregating investments in new technologies that promote environmental and social well-being and the advancement of green energy solutions,
is pleased to announce the formation of the company's first subsidiary, ECOIG Canada. The Company also announced that Patrick Laurie
was named interim CEO of the newly created subsidiary.
Eco
Innovation Group, Inc. expects that with a Canada presence, it will be in an even better position to serve its existing strong network
of Canadian-based inventors and technology development partners.
"We
look forward to helping expand opportunities for top minds and cutting-edge green technology projects in the rich Alberta region, "
commented Julia Otey-Raudes, President and CEO of Eco Innovation Group. "Canada has become increasingly important for the company
and where we already have existing relationships with inventors and business community professionals. Canada has started to establish
itself as a global leader in the green technology space and we look forward to playing a role in this Country".
ECOIG
Canada will focus on the following primary operational objectives:
.
Manufacturing
.
R&D
utilizing new sustainable technologies
.
Exclusive
Rights to all technologies in the Canadian market
.
Access
to incentives for manufacturing and developing green technology projects and assets
.
Providing
jobs in the Canadian maintenance and manufacturing sector
.
Utilization
of strong third-party Alberta and Canadian component manufacturing
.
Diversifying
the Alberta economy into green manufacturing
.
Accessing
cost-effective Alberta-based tax incentives for sustainable technologies
.
Supplying
the Canadian economy with innovative technology solutions
.
Providing
Canadian support for all ECOX technology projects
.
Providing
inventors with effective Canadian-based support network
The
Company also announced that ECOX Advisory Board member Patrick Laurie was named interim CEO of the new subsidiary ECOIG Canada during
its initial stages of establishment and growth. Mr. Laurie is based in Alberta, Canada, and has been an Advisory Board member for ECOX
and leading Eco Innovation Group's R&D efforts to-date in North America. Mr. Laurie provides critical support for the company
on a global basis in project implementation and business development. Mr. Laurie received his Master's Degree in the field of Electrical
at Northern Alberta Institute of Technology (NAIT).
"Patrick
brings a wealth of knowledge and is an experienced strategist with a deep understanding of how to build enduring technologies while leveraging
operational scale across a dispersed production footprint", added Julia Otey-Raudes." "He is a strong leader with a
proven track record of developing diverse and high performing teams".
About
Eco Innovation Group
Eco
Innovation Group was founded by Inventors and Business Professionals to help nurture and catalyze the most innovative and impactful products
and services, and to deliver those innovations to the world, improving the quality of life in our communities and the world around us,
while delivering value to our shareholders. At ECOX, we are dedicated to developing and commercializing successful products. But we will
never lose sight of the fact that we exist, first and foremost, to help people and improve life on the planet we all share. We take our
Social Responsibility Contract seriously in all our endeavors. It is not only what we do. It is who we are. For more information, visit
www.ecoig.com.
View
the Company's new video Here.
FORWARD-LOOKING
STATEMENTS: This release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S.
Private Securities Litigation Reform Act of 1995. Forward-looking statements also may be included in other publicly available documents
issued by the Company and in oral statements made by our officers and representatives from time to time. These forward-looking statements
are intended to provide management's current expectations or plans for our future operating and financial performance, based on assumptions
currently believed to be valid. They can be identified by the use of words such as "anticipate", "intend", "plan,"
"goal", "seek", "believe", "project", "estimate", "expect", "strategy,"
"future", "likely", "may", "should", "would", "could", "will" and
other words of similar meaning in connection with a discussion of future operating or financial performance. Examples of forward-looking
statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and
other measures of financial performance.
Because
forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause the
Company's actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements.
Such risks, uncertainties and other factors include, among others such as, but not limited to economic conditions, changes in the laws
or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual
results to differ materially from those projected or represented in the forward-looking statements. Any forward-looking information provided
in this release should be considered with these factors in mind. We assume no obligation to update any forward-looking statements contained
in this report.
Corporate
Contact:
Eco Innovation Group, Inc.
Julia.Otey@ecoig.com
www.ecoig.com
Public Relations:
EDM Media, LLC
https://edm.media

text:
Eco
Innovation

text: Eco Innovation Group, Inc.

text: ECOIG Canada

text:
Eco
Innovation Group, Inc.

text: Julia Otey-Raudes

text:
ECOIG
Canada

text: ECOIG Canada

text: Julia Otey-Raudes

text: Eco Innovation Group, Inc.


text:
EX-99.1
7
ex99_1.htm
EXHIBIT 99.1
ex99_1.htm
Exhibit
99.1
FOR
IMMEDIATE RELEASE
RICK'S
CABARET COMPLETES ACQUISITION OF AN UPSCALE GENTLEMEN'S CLUB IN FT. WORTH,
TEXAS
HOUSTON
-
(April
24, 2007) -
Rick's Cabaret International, Inc
.
(NASDAQ: RICK), the publicly traded chain of gentlemen's clubs, said today it
has completed the acquisition of
New Orleans Nights
, an upscale
nightclub in the heart of Ft. Worth, Texas, and that its subsidiary
RCI
Holdings, Inc
. has purchased the building and surrounding land (at 7101
Calmont Avenue). The club will be converted to a Rick's
Cabaret.
The
company paid $4.9 million in cash for the 12,000 square foot club and $2.5
million for the building and land, of which the seller is financing $2.4
million. The transaction brings to 14 the number of clubs operated by the
company under the brand names
Rick's Cabaret
,
Club Onyx
and
XTC Cabaret
.
Eric
Langan
, President and CEO of Rick's Cabaret, said the company believes
the newest Rick's Cabaret will add in excess of $4 million in annual revenue and
more than $1 million in EBITDA. The acquisition is part of the company's
strategy to grow revenue and profit through acquisition of facilities that
are
already in operation and can be quickly accretive to income.
The
Ft.
Worth club, located on heavily traveled Calmont Avenue near the confluence
of
I-30 and Highway 183, has been a popular nightspot in Ft. Worth for more
than 15
years. "The club has a relaxed and comfortable atmosphere that will be
consistent with the Rick's Cabaret format of great entertainment, terrific food
and beautiful entertainers", Mr. Langan said. "We plan to remodel the second
floor of the club very soon and turn it into a VIP area that will have no
equal
in the area".
Mr.
Langan added, "We were delighted that the opportunity arose to acquire the land
and building as well as the club. This increases the overall value of the
asset.
We are also pleased to be in Ft. Worth, which in recent years has become
a
premier business and cultural center".
About
Rick's Cabaret:
Rick's Cabaret International, Inc. (NASDAQ: RICK)
operates upscale adult nightclubs serving primarily businessmen and
professionals that offer live adult entertainment, restaurant and bar
operations. The company owns and operates or licenses adult nightclubs in
New
York City, New Orleans, Charlotte, Houston, Minneapolis and other cities
under
the names "Rick's Cabaret", "XTC" and "Club Onyx." No sexual contact is
permitted at any of these locations. Rick's Cabaret also owns the adult Internet
membership Web site, couplestouch.com, and a network of online adult auction
sites under the flagship URL naughtybids.com. Rick's Cabaret common stock is
traded on NASDAQ under the symbol RICK. For further information contact
ir@ricks.com
.
Forward-looking
Statements:
This document contains forward-looking statements that
involve a number of risks and uncertainties that could cause the company's
actual results to differ materially from those indicated in this document,
including the risks and uncertainties associated with operating and
managing an adult business, the business climates in New York City and
elsewhere, the success or lack thereof in launching and building the company's
businesses in New York City and elsewhere, risks and uncertainties related
to
the operational and financial results of our Web sites, conditions relevant
to
real estate transactions, and numerous other factors such as laws governing
the
operation of adult entertainment businesses, competition and dependence on
key
personnel. Rick's has no obligation to update or revise the forward-looking
statements to reflect the occurrence of future events or circumstances. For
further information go to
www.ricks.com
.
Contact
: Allan
Priaulx, 212-338-0050
ir@ricks.com

text:
RICK'S
CABARET

text:
Rick's Cabaret International, Inc
.

text:
RCI
Holdings, Inc
.

text:
Rick's
Cabaret

text: Rick's Cabaret

text:
Eric
Langan

text: Rick's Cabaret

text: Rick's Cabaret

text: Rick's Cabaret

text: Rick's Cabaret

text: Rick's Cabaret

text: Rick's Cabaret

text: Rick's Cabaret


text:
EX-99.1
3
ex99_1.htm
EXHIBIT 99.1
Exhibit 99.1
Contact:
Dan
Yarbrough, Director of Investor Relations (704) 948-2617
Orthofix
Completes Acquisition
of
Blackstone Medical
HUNTERSVILLE,
N.C., Sep. 25, 2006
-Orthofix
International N.V. (NASDAQ: OFIX) announced today that it has completed its
acquisition of Blackstone Medical, Inc., which was originally announced on
August 7th
of this
year. The combination of Orthofix's market-leading spinal bone growth
stimulation business with Blackstone's broad array of fusion, non-fusion and
biologic products creates a unique portfolio of spine products currently growing
at more than 25% that is expected to generate approximately $260 million in
revenues in 2007.
"We're
very pleased to have completed this transaction, and to have done so prior
to
the important North American Spine Society conference this week in Seattle.
We
are excited about the opportunity to expand the distribution of our unique
portfolio of products, as we continue with the development of additional
innovative devices designed to advance the treatment of various spine conditions
for patients around the world", stated Alan Milinazzo, Orthofix's
CEO.
Orthofix
also announced the completion of the financing related to the acquisition,
which
involved a $330 million term loan and a $45 million standby revolving line
of
credit. The syndication of the term loan by Wachovia Bank, N.A. and Citigroup
was met with a very positive response from the marketplace, resulting in a
favorable interest rate of LIBOR + 1.75%.
Blackstone
and Orthofix will each participate as exhibitors at the North American Spine
Society conference in Seattle next week, where Blackstone will introduce its
latest product innovations, including a unique, minimally-invasive retractor
system, a new partial vertebral body replacement system and an updated design
of
one of its popular cervical plating systems. Additionally, the company will
present new clinical data supporting the viability and efficacy of Trinity™
Matrix, its break-through adult stem cell-based bone matrix.
Blackstone's
CEO, Matt Lyons, said, "Everyone at Blackstone is excited about the new
opportunities this combination creates, including enhancing the development
of
innovative new minimally-invasive spine products. Additionally, the combination
of Orthofix's market -leading spinal stimulators and Blackstone's expanding
portfolio of fusion, non-fusion and biologic products creates a unique offering
to spinal surgeons worldwide".
Orthofix
also indicated that during its regular quarterly conference call to discuss
financial results for the third quarter of 2006, which is currently scheduled
for October 26th,
it
plans to release additional financial details associated with the acquisition.
About
Orthofix International, N.V.
Orthofix
International N.V., a global diversified orthopedic products company, offers
a
broad line of minimally invasive surgical, as well as non-surgical, products
for
the spine, reconstruction, and trauma market sectors that address the lifelong
bone-and-joint health needs of patients of all ages, helping them achieve a
more
active and mobile lifestyle. Orthofix's products are widely distributed around
the world to orthopedic surgeons and patients via Orthofix's sales
representatives and its subsidiaries, including Breg, Inc., and via partnerships
with other leading orthopedic product companies, such as Medtronic Sofamor
Danek
and Kendall Healthcare. In addition, Orthofix is collaborating in R&D
partnerships with leading medical institutions such as the Orthopedic Research
and Education Foundation, the Cleveland Clinic Foundation, Innovative Spinal
Technologies and the National Osteoporosis Institute. For more information
about
Orthofix, please visit
www.orthofix.com.
Forward-Looking
Statements
This
news
release contains certain forward-looking statements under the Private Securities
Litigation Reform Act of 1995. These forward-looking statements may include,
but
are not limited to, statements concerning cost savings and financial projections
at Orthofix and its subsidiaries, and are based on management's current
expectations and estimates and involve risks and uncertainties that could cause
actual results or outcomes to differ materially from those contemplated by
the
forward-looking statements. Factors that could cause or contribute to such
differences may include, but are not limited to, unanticipated expenditures,
changing relationships with customers, suppliers and strategic partners, risks
relating to the protection of intellectual property, changes to the
reimbursement policies of third parties, changes to governmental regulation
of
medical devices, the impact of competitive products, changes to the competitive
environment, the acceptance of new products in the market, conditions of the
orthopedic industry and the economy and other factors described in the most
recent report on Form 10-K and other periodic reports filed by Orthofix with
the
Securities and Exchange Commission.
#
# # #
#

text:
Dan
Yarbrough

text: Orthofix

text: Blackstone Medical

text:
Orthofix
International N.V.

text: Blackstone Medical, Inc.

text: Orthofix

label: fund

text: Blackstone

override: fund

label: event

text: North American Spine Society conference

text: Orthofix

text: Orthofix

text: Blackstone

text: Orthofix

text:
North American Spine
Society conference

text: Blackstone

text: Blackstone

text: Blackstone

text: Orthofix

text: Blackstone

text: Orthofix

text:
Orthofix
International N.V.

text: Orthofix

text: Orthofix

text: Orthofix

text: Orthofix

text: Orthofix

text: Orthofix


text:
EX-99.1
2
bicoexhib991-081406.txt
PRESS RELEASE DATED 08-15-06
EX 99.1
BICO Inc. Consummates Merger With MobiClear Limited
Tuesday August 15, 8:00 am ET
DOVE CANYON, Calif., Aug. 15, 2006 (PRIMEZONE) -- BICO, Inc. (OTC BB:BICN.OB -
News) announced today that the merger between a wholly-owned subsidiary of BICO
and MobiClear Limited was consummated, effective yesterday, August 14, 2006.
MobiClear Limited is now a wholly owned subsidiary of BICO. BICO actively trades
on the NASD Over the Counter Bulletin Board under the ticker symbol, BICN.OB.
As a result of the closing, in exchange for all of the issued and outstanding
shares of MobiClear, BICO issued to the shareholders of MobiClear, 235,699,530
shares of common stock of BICO. Such issuance represents an issuance of 85% of
the issued and outstanding shares of BICO. In addition, pursuant to the merger
agreement, the members of the Board of Directors and Officers of BICO, Inc. have
resigned. Lim Wong has been appointed as the sole member of the Board of
Directors of BICO; and as Chief Executive Officer and President of BICO.
Mr. Wong, who was previously CEO of MobiClear stated, "We are very pleased
about closing the merger. The company structure is now set allowing us to focus
on executing our sales strategy through our partners and agents to capture the
enormous global potential of MobiClear, now BICO's products and services. The
recruitment of a new management and sales personnel as well as new members of
the BICO board is soon to be finalized and will be announced shortly.
Credit/debit card fraud on the Internet and in stores is increasing at an
enormous rate. The estimated figure comes to US$20 billion annually. In the U.S.
alone the credit/debit card fraud on the Internet and in stores is estimated to
be US$4 billion.
Mr. Wong added, "MobiClear's answer to the problem is a security and
user-friendly identity solution that works right across the globe. And in
addition MobiClear's identification service ensures safe and secure trade over
the Internet, which in its turn creates a boom in both e-trade and invoice
payment online".
About MobiClear, Ltd.
MobiClear specializes in electronic
Personal Identification Verification (PIV) solutions in connection with
credit/debit card transactions. MobiClear's multi-gateway solution (U.S. patent
pending) offers proactive security in all forms of electronic business
environments including internet shopping, business-to-business procurement
transactions and retail shopping with credit/debit cards. MobiClear, a company
incorporated pursuant to the laws of the United Kingdom, offers solutions and
services that, MobiClear believes, virtually eliminate credit/debit card and
electronic transaction fraud, completely securing these transactions. A unique
feature of MobiClear's solutions is that end-users and customers do not need to
learn any new behaviors or master new techniques. MobiClear's solutions utilize
technologies that customers are already familiar and comfortable with, while
giving real-time user control of card transactions. The transaction is simply
confirmed by the legitimate user entering a unique MobiClear PIN code matched
with the mobile phone number. MobiClear delivers instant and total control over
card usage.
This news release includes comments that may be deemed forward-looking within
the meaning of the safe harbor provisions of the U.S. Federal Securities Laws.
These include, among other things, statements about expectations of future
transactions or events, revenues, sales of products and performance.
Forward-looking statements are subject to risks and uncertainties that may cause
the company's results to differ materially from expectations. These risks
include the company's ability to complete the transactions, which remains
subject to a due diligence review by both parties, obtaining any regulatory
approvals, having necessary financing in time to meet contractual obligations,
developing appropriate strategic alliances, raising working capital,
successfully developing and implementing technology, acceptance of the company's
products and services, building a functional infrastructure, and other such
risks as the company may identify and discuss from time to time. Accordingly,
there is no certainty that the company's plans will be achieved.
Contact:
MobiClear
info@mobiclear.com
www.mobiclear.com

text: BICO Inc.

text: MobiClear Limited

text: BICO, Inc.

text: BICO

text: MobiClear Limited

text: MobiClear Limited

text: BICO

text: BICO

text: BICO

text: BICO

text: BICO

text: BICO, Inc.

text: BICO

text: BICO

text: BICO

text: BICO


text:
EX-99.1
12
ex99-1.htm
PRESS RELEASE
Exhibit 99.1
WestRock Company Formed with Completion of Merger of MeadWestvaco and RockTenn
NORCROSS, Ga., - July 1, 2015 -
WestRock Company (NYSE: WRK) today announced that it has begun operations following the completion of the combination of MeadWestvaco Corporation and Rock-Tenn Company.
WestRock is one of the world's largest paper and packaging companies with $15 billion in annual revenue and 42,000 employees in 30 countries. The company aspires to be the premier partner and unrivaled provider of paper and packaging solutions in consumer and corrugated markets. It will support customers from approximately 275 operating and business locations around the world, including the most comprehensive substrate offering in the industry and a wide variety of packaging solutions for diverse end markets from food and beverage to personal care and healthcare.
"We are excited about the opportunity we have to win together with our customers, suppliers, shareholders, employees and our communities-all of whom stand to benefit from our expertise in developing and delivering paper and packaging solutions around the world and our determination to exceed customer expectations" said Steve Voorhees, CEO, WestRock Company.
WestRock will report third quarter earnings after the market close on July 29, 2015.
About WestRock
WestRock Company (NYSE: WRK) aspires to be the premier partner and unrivaled provider of paper and packaging solutions in consumer and corrugated markets. WestRock's 42,000 team members support customers around the world from approximately 275 operating and business locations spanning North America, South America, Europe and Asia. Learn more at westrock.com.
Investor Contacts:
John Stakel
Senior Vice President, Treasurer
678-291-7901
john.stakel@westrock.com
Jason Thompson
Director, Investor Relations
804-444-2556
jason.thompson@westrock.com
Media Contact:
Tucker McNeil
Director, Corporate Communications
804-444-6397
mediainquiries@westrock.com

text: WestRock Company

text: WestRock Company

text: MeadWestvaco Corporation

text: Steve Voorhees

text: WestRock Company

text: WestRock Company

text: Jason Thompson


text:
EX-99.7
8
a09-9474_1ex99d7.htm
EX-99.7
Exhibit 99.7
Contact:
Lee Jacobson
Investor Relations
617.638.2065
News
for Immediate Release
First
Marblehead Sells Selected Trust Residuals, Expects Reduced Future Tax Obligations
and Tax Refund
BOSTON,
MA, April 6, 2009 - The First Marblehead Corporation (NYSE: FMD) announced
today that it has sold its ownership interest in NC Residuals Owners Trust (the
"Trust"). The Trust is the owner of the
residual interests in all fifteen of the National Collegiate Student Loan
Trusts ("NCSLT") which First Marblehead has facilitated. This transaction does not affect any of First
Marblehead's interests in securitization trusts relating to its GATE
transactions. The Company was advised on the transaction by Deutsche Bank
Securities Inc., Orrick, Herrington & Sutcliffe LLP and Sonnenschein
Nath & Rosenthal LLP.
The
sale is expected to generate a cash refund for taxes previously paid, as the
Company has been required to pay taxes on the expected residual cash flows from
the NCSLT Trusts before it actually receives those cash flows. Prior to this transaction, the company has
paid in excess of $195 million on taxable income associated with their
interests in the NCSLT residuals over the past 7 years. The Company estimates that it would be required
to pay approximately $430 million in additional taxes over the remaining life
of the residuals, with approximately $370 million to be paid prior to the residuals
generating sufficient annual cash flows to offset the tax payments. As a result of the transaction, the Company
expects to eliminate any tax obligations from these residuals in their
entirety.
The
refund is expected to be received by the Company in 2009 and 2010.
The
Company has also entered into an Asset Services Agreement with the purchaser of
the Trust pursuant to which the Company has agreed to provide certain portfolio
services for an annual fee based on the aggregate outstanding principal balance
of the student loans owned by the NCSLT Trusts.
The advisory fee will be earned but will not be paid until residual cash
flows are distributed by the NCSLT Trusts.
If First Marblehead completes its obligations under the Asset Services
Agreement as anticipated, the Company expects total revenues between the years
2009 and 2038, to be approximately $500 million, on an undiscounted, pre-tax
basis, using current management assumptions regarding loan performance.
First
Marblehead continues to have rights to additional structural advisory fees from
the NCSLT Trusts and will continue to publish on its website its management
assumptions as well as static pool data regarding performance of these trusts. In addition, First Marblehead Data Services, Inc.
will continue to serve as administrator of the NCSLT Trusts.
Daniel
Meyers, First Marblehead's Chief Executive Officer and President, said, "Management
is pleased to have completed this transaction, which will significantly enhance
our unrestricted cash. With respect to the residual interests, the Company has
paid income taxes on these residual interests without receiving any cash from
these trusts. By completing this
transaction, we expect not only to stop the cash burn from these tax payments,
but also to recapture a significant portion of the taxes that the Company has
paid to date on these residuals. In
addition, we will assist the Purchaser with a host of portfolio management and
data services throughout the life of the NCSLT Trusts, for which we expect to
receive contractual fees. This ensures
that First Marblehead's interests continue to be aligned with those of the
bondholders of these trusts".
Meyers
continued, "As we begin to see the rationalization of the credit markets, First
Marblehead will facilitate loans to students in the private education finance
market, working with partners to produce products and portfolios that are in
line with evolving funding conditions. We
are actively engaged in advising clients, administering trusts, originating third-party
loans and structuring new and innovative products. Having materially more unrestricted cash at
our disposal makes the firm substantially stronger during these turbulent times".
The
Company has filed with the Securities and Exchange Commission a current report
on Form 8-K with additional transaction details.
About
The First Marblehead Corporation - First Marblehead helps meet the growing
demand for private education loans by offering national and regional financial
institutions and educational institutions an integrated suite of design,
implementation and capital market services for student loan programs. First
Marblehead supports responsible lending and is a strong proponent of the smart
borrowing principle, which encourages students to access scholarships, grants
and federally-guaranteed loans before considering private education loans, please
see www.SmartBorrowing.org. For more
information, go to www.firstmarblehead.com.
# # #
Safe
Harbor Statement - Statements in this press release regarding any
future tax liabilities, the elimination of any future tax liability, the timing
and size of any potential tax refund, the timing or amount of residual cash
flows generated by the NCSLT Trusts, provision of services pursuant to the
asset services agreement, the receipt of any future fees and the amount of such
fees, First Marblehead's business prospects or future liquidity, as well as any
other statements that are not purely historical, constitute forward-looking
statements for purposes of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are based upon
our historical performance, the historical performance of NCSLT Trusts and on
our plans, estimates and expectations as of April 6, 2009. The inclusion
of this forward-looking information should not be regarded as a representation
by us or any other person that the future results, plans, estimates or
expectations contemplated by us will be achieved. In particular, the U.S.
federal and state income tax consequences arising in connection with the
transactions (collectively, the "Transactions") between First Marblehead and
the purchaser (the "Purchaser") related to the transfer of the trust
certificate of NC Residuals Owners Trust (the "Trust Certificate") are complex
and uncertain. You are cautioned that matters subject to forward-looking
statements involve known and unknown risks and uncertainties, including
economic, legislative, regulatory, competitive and other factors, which may
cause our actual financial or operating performance, including the performance
of the NCSLT Trusts and resulting cash flows, or the timing of events, to be
materially different than those expressed or implied by forward-looking
statements. Important factors that could cause or contribute to such
differences include: U.S. federal or state income tax treatment of any aspect
of the Transactions; any investigation, audit, claim, action or suit relating
to the federal or state income tax treatment of any aspect of the Transactions,
including any such proceeding initiated by the Internal Revenue Service; the
performance by the Purchaser and its affiliates of each of their respective
obligations in connection with the Transactions, including full compliance with
representations, warranties and covenants; any dispute relating to the
foregoing or the Transactions, including any third-party dispute challenging
the Transactions; the enforceability of the agreements executed in connection
with the
2
Transactions;
degradation of credit quality or performance of the loan portfolios of the
NCSLT Trusts; economic, regulatory, competitive and other factors affecting
prepayment, default and recovery rates on the NCSLT Trusts' loan portfolio;
developments in the bankruptcy proceedings of The Education Resources Institute, Inc.;
and the other factors set forth under the caption "Item 1A. Risk Factors" in
First Marblehead's quarterly report on Form 10-Q filed with the Securities
and Exchange Commission on February 9, 2009. We disclaim any obligation to
update any forward-looking statements as a result of developments occurring
after the date of this press release.
©
2009 First Marblehead
3

text:
First
Marblehead

text: The First Marblehead Corporation

text: NC Residuals Owners Trust

text: First Marblehead

text:
First
Marblehead

text:
Deutsche Bank
Securities Inc.

text: Orrick, Herrington & Sutcliffe LLP

text:
Sonnenschein
Nath & Rosenthal LLP

text: First Marblehead

text:
First
Marblehead

text: First Marblehead

text: First Marblehead

text: First Marblehead

text:
First
Marblehead

text: The First Marblehead Corporation

text: First Marblehead

text:
First
Marblehead

text: First Marblehead

text: First Marblehead

text: NC Residuals Owners Trust

text: First Marblehead

text: First Marblehead


text:
EX-99.1
4
d102178dex991.htm
EX-99.1
EX-99.1
Exhibit 99.1
Liberty and Schlumberger Close North American Pressure Pumping Transaction
Supercharging Technology and Scale
DENVER
& HOUSTON, January
4, 2021
-Liberty Oilfield Services Inc. (NYSE: LBRT) and Schlumberger (NYSE:
SLB) announced today the completion of the contribution of Schlumberger's onshore hydraulic fracturing business in the United States and Canada ("OneStim
®
") to Liberty on
December 31, 2020, including its pressure pumping, pumpdown perforating, and Permian frac sand businesses, in exchange for a 37% equity interest in Liberty.
The transaction strengthens Liberty's position in offering one of the most innovative suites of completion services and technologies to operators in
onshore North America. Liberty will continue to be led by its current management team, developing and delivering next generation technology for the sustainable development of unconventional energy resources.
"Today, Liberty has laid the foundation for a new era of technology and sustainability in the oil and gas industry. We are driven to advance global
energy access by bringing hydrocarbons to the surface in a clean, safe and efficient way", said Chris Wright, Liberty Chairman and Chief Executive Officer. "Together, the talent and technology at Liberty enable us to execute on this
responsibility, and we are excited to welcome our new employees and customers to the Liberty family. Our expanded technology portfolio, dedicated team of professionals and breadth of operations form the foundation for us to achieve greater
innovation and efficiency to deliver the best service to our customers and returns to our shareholders".
"This transaction positions
Schlumberger to benefit from the strong recovery already underway in North American shale activity", said Olivier Le Peuch, Chief Executive Officer, Schlumberger. "Our experience with Liberty over the past few months has confirmed our
belief that this is the right combination for the future. We are proud to participate in the North America market with an organization that combines scale, technology, customer portfolio and talent unmatched in the industry. We look forward to
realizing the synergies and to leverage our alliance agreement for further technology collaboration with Liberty".
Concurrent with the closing,
Liberty added two representatives from Schlumberger to its board of directors -Simon Ayat, Senior Strategic Advisor and former Executive Vice President and Chief Financial Officer, and James R McDonald, President of Americas Land.
Mr. Wright commented, "I am pleased to welcome Simon Ayat and James R McDonald to the Liberty board of directors. We are at an exciting time in our
journey as a company, and their considerable global experience brings a unique perspective to Liberty. Our technology alliance agreement further complements our established technology and engineering services that help solve our customers'
challenges, and together, we look forward to enabling the next generation development of resources".
About Liberty
Liberty is a leading North American oilfield services firm that offers one of the most innovative suites of completion services and technologies to onshore oil
and natural gas exploration and production companies. Liberty was founded in 2011 with a relentless focus on developing and delivering next generation technology for the sustainable development of unconventional energy resources in partnership with
our customers. Liberty is headquartered in Denver, Colorado. For more information about Liberty, please contact Investor Relations at
IR@libertyfrac.com
Schlumberger-Private
About Schlumberger
Schlumberger is the world's leading provider of technology and digital solutions for reservoir characterization, drilling, production, and processing to
the energy industry. With product sales and services in more than 120 countries and employing approximately 82,000 people as of the end of third quarter of 2020 who represent over 170 nationalities, Schlumberger supplies the industry's most
comprehensive range of products and services, from exploration through production, and integrated
pore-to-pipeline
solutions that optimize hydrocarbon recovery to
deliver reservoir performance sustainably.
Schlumberger Limited has executive offices in Paris, Houston, London, and The Hague, and reported revenues of
$32.92 billion in 2019. For more information, visit www.slb.com.
###
For further information, contact:
Investors
Michael Stock - Liberty Oilfield Services, Chief Financial Officer
Tel: +1 (303)
515-2851
IR@libertyfrac.com
Ndubuisi Maduemezia -
Schlumberger Limited, Vice President of Investor Relations
Joy V. Domingo - Schlumberger Limited, Director of Investor Relations
Tel: +1 (713)
375-3535
investor-relations@slb.com
Media
Michael Stock - Liberty Oilfield Services, Chief Financial Officer
Tel: +1 (303)
515-2851
IR@libertyfrac.com
Giles Powell - Schlumberger
Limited, Director of Corporate Communication
Tel: +1 (713)
375-3494
communication@slb.com
Schlumberger-Private

text: Liberty

text: Schlumberger

text: Liberty Oilfield Services Inc.

text: Schlumberger

text: Schlumberger

text: Liberty

text: Liberty

text: Liberty

text: Liberty

text: Liberty

text: Liberty

text: Liberty

text: Liberty

text: Schlumberger

text: Schlumberger

text: Liberty

text: Liberty

text: Liberty

text: Schlumberger

text: Liberty

text: Liberty

text: Liberty

text: Liberty

text: Liberty

text: Liberty

text: Liberty

text: Schlumberger

text: Schlumberger

text: Schlumberger

text: Schlumberger

text: Schlumberger

text: Schlumberger

text: Schlumberger


text:
EX-99.1
5
v424299_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
Staffing 360 Solutions Completes Acquisition
of The JM Group
Latest Acquisition Extends Reach of IT
Offerings in the United Kingdom and Adds $25 Million in Annual Revenue
New York, NY - November 5, 2015
- Staffing 360 Solutions, Inc. (NASDAQ: STAF), a public company executing a global buy-and-build strategy through the acquisition
of staffing organizations with operations in the US and UK, announced today that it has completed the acquisition of the London-based
IT staffing firm, The JM Group. The acquisition closed on November 4, 2015.
The JM Group provides IT workforce solutions
to a diverse set of clients across the financial services, professional services and corporate sectors in the United Kingdom.
Founded in 1981, The JM Group has been one of the UK's leading recruitment firms for over 3 decades and now boasts a run-rate
of approximately $25 million in annualized revenue.
"The acquisition of The JM Group
is a significant addition to our organization and is a major development for our company", stated Brendan Flood, Executive
Chairman of Staffing 360 Solutions. "Enhancing our IT service offerings, which is a high-margin sector of the staffing industry,
is a key initiative for our company. The JM Group is a great company that strengthens the depth of our operations in the United
Kingdom and complements our previous acquisitions in this geography. Our annualized revenue run-rate is now expected to exceed
$170 million on a consolidated basis".
The JM Group has over 25 employees in
its London office who are keen to help individuals find the right job at the right organization. Over 60% of revenue comes from
organizations that have been clients for more than 5 years. Two global Fortune 500 companies were the firm's first clients
in 1981 and remain clients today.
"We believe this is a fantastic
match for both organizations and we are pleased to join Staffing 360 Solutions", commented Stuart Milton, Chairman of The
JM Group. "The team at Staffing 360 Solutions understands the value of the JM brand, which has been built over the last
34 years, as well as the quality of our people and how we do business".
Louise Smith, Managing Director of The
JM Group added, "We are excited to become part of a dynamic, international company with a high quality leadership team and
look forward to the growth opportunities that this will provide".
The JM Group covers a wide range of roles
from Technology and Application Support, to Business Analyst and Program Managers, Digital Specialists, CIO, COO and IT Director
appointments. With over 30 years of operations in London, The JM Group takes great pride in its ability to understand the needs
of the constantly changing, high technology labor market.
"We are pleased to welcome the entire
team at The JM Group to our organization", stated Matt Briand, President and CEO of Staffing 360 Solutions. "The JM
Group brings new and exciting IT expertise to our UK business, and represents another major inflection point for our M&A strategy.
As we continue to extend our presence in the US and the UK, we look forward to relaying our latest developments and important
milestones, all while continuing to grow Staffing 360 Solutions into a sizable international public company".
Staffing 360 Solutions believes that a
consolidation strategy is ideally suited for the highly fragmented temporary staffing industry. The Company's management
team has been engaged in the development of a comprehensive program to create a robust pipeline of prospective acquisitions, with
a longer term objective of driving annual revenue to $300 million and beyond. The Company's latest acquisition of The JM
Group represents another key milestone in the implementation of this strategy.
Funding for the acquisition was provided
by ABN AMRO Commercial Finance PLC, the Company's current credit facility provider for accounts receivables in the United
Kingdom. In addition, Philip Ellis of Optima Corporate Finance provided Corporate Finance advice to The JM Group.
About The JM Group
Based in London, The JM Group has over
30 years of experience in IT and Digital recruitment with an outstanding client base of leading organizations across the globe.
Founded in 1981, the firm has grown considerably over the years and now boasts over 25 employees. Leveraging their 30 years of
experience in IT and Business Change recruitment, The JM Group has positioned itself as one of the leading IT recruitment consultancies
in the United Kingdom. The company's passion for the IT industry ensures JM Group recruiters stay abreast of latest trends
and technologies. For more information, please visit:
www.thejmgroup.com
.
About Staffing 360 Solutions, Inc.
Staffing 360 Solutions, Inc. (NASDAQ:
STAF) is a public company in the staffing sector engaged in the execution of a global buy-and-build strategy through the acquisition
of domestic and international staffing organizations with operations in the US and UK. The Company believes the staffing industry
offers opportunities for accretive acquisitions that will drive its annual revenues to $300 million. As part of its targeted consolidation
model, the Company is pursuing acquisition targets in the finance and accounting, administrative, engineering and IT industries.
For more information, please visit:
www.staffing360solutions.com
.
Follow Staffing 360 Solutions on
Facebook
,
LinkedIn
and
Twitter
.
Forward-Looking Statements
Certain matters discussed within this press
release are forward-looking statements including, but not limited to the timing and ability to enter into any additional acquisitions,
as well as the size of future revenue. Although Staffing 360 Solutions, Inc. believes the expectations reflected in such forward-looking
statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Specifically,
in order for the Company to achieve annualized revenues of $300 million, the Company will need to successfully raise sufficient
capital, to consummate additional target acquisitions, successfully integrate any newly acquired companies, organically grow its
business, successfully defend current and any potential future litigation, as well as various additional contingencies, many of
which are unknown at this time and generally out of the Company's control. The Company can give no assurance that it will
be able to achieve these objectives. Staffing 360 Solutions does not undertake any duty to update any statements contained herein
(including any forward-looking statements), except as required by law. Factors that could cause actual results to differ materially
from expectations include general industry considerations, regulatory changes, changes in local or national economic conditions
and other risks detailed from time to time in Staffing 360 Solutions' reports filed with the SEC, including quarterly reports
on Form 10-Q, reports on Form 8-K and annual reports on Form 10-K.
Investor Relations Firm:
PCG Advisory Group
Stephanie Prince, Managing Director
646.762.4518
sprince@pcgadvisory.com
Corporate Investor Contact:
Staffing 360 Solutions, Inc.
Darren Minton, Executive Vice President
212.634.6413
darren@staffing360solutions.com
Financial Contact:
Staffing 360 Solutions, Inc.
Wade Pearson, Senior Vice President of
Finance
212.634.6423
info@staffing360solutions.com

text: Staffing 360 Solutions

text: The JM Group

text: Staffing 360 Solutions, Inc.

text: The JM Group

text: The JM Group

text: The JM Group

text: The JM Group

text: Staffing 360 Solutions

text: The JM Group

text: The JM Group

text: Staffing 360 Solutions

text: Stuart Milton

text:
The
JM Group

text: Staffing 360 Solutions

text: Louise Smith

text:
The
JM Group

text: The JM Group

text: The JM Group

text: The JM Group

text: Matt Briand

text: Staffing 360 Solutions

text:
The JM
Group

text: Staffing 360 Solutions

text: Staffing 360 Solutions

text:
The JM
Group

text: ABN AMRO Commercial Finance PLC

text: Optima Corporate Finance

text: The JM Group

text: The JM Group

text: The JM Group

text: The JM Group

text: Staffing 360 Solutions, Inc.

text: Staffing 360 Solutions, Inc.

text: Staffing 360 Solutions

text: Staffing 360 Solutions, Inc.

text: Staffing 360 Solutions

text: Staffing 360 Solutions

text: Stephanie Prince

text: Staffing 360 Solutions, Inc.

text: Staffing 360 Solutions, Inc.


text:
EX-99.1
6
v455493_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
Terrapin 3 Acquisition
Corporation Completes Business Combination with Yatra Online
NEW YORK and Gurgaon,
India, December 16, 2016 /PRNewswire/
Terrapin 3 Acquisition
Corporation (NASDAQ: TRTL, TRTLU, TRTLW, "TRTL") today announced that it completed its business combination with Yatra
Online, Inc. ("Yatra"), a rapidly growing, India-based online travel agent. The transaction was unanimously approved
by the boards of directors of both companies and was approved by a vote of TRTL's shareholders on December 12, 2016. With
the closing of the transaction, TRTL has become a partially owned subsidiary of Yatra and all shares of TRTL Class A Common Stock
will be automatically exchanged for Yatra's ordinary shares on a one-for-one basis and all warrants to purchase shares of
TRTL Class A Common Stock will automatically become warrants to purchase Yatra's ordinary shares on the same terms. Yatra's
ordinary shares will be traded on the NASDAQ Stock Market under the symbol "YTRA" beginning Monday, December 19, 2016
and Yatra expects its warrants will be traded on the OTCQX market under the symbol "YTRAW" in the near future.
Yatra is one of the
fastest growing consumer travel platforms and the second largest online travel agency in India, one of the fastest growing economies
in the world. Founded in 2006 by venture capital firms and experienced travel industry and technology executives, Yatra is a leading
consolidator of travel products. Yatra has India's largest hotel network of 61,000 hotels. With more than four million customers,
Yatra has emerged as the most trusted e-commerce travel brand in India, as ranked by The Economic Times. To further accelerate
its growth, Yatra has entered into a strategic relationship with an affiliate of Reliance Industries Limited, one of India's largest
conglomerates, in which Yatra's mobile app will be pre-installed on up to 35 million Reliance Jio LYF smartphones over the course
of the next 36 months as Reliance launches one of India's largest 4G mobile networks.
Dhruv Shringi, Yatra's
co-founder and chief executive officer, said, "It's a matter of great pride for us to be one of the few Indian companies
to be listed on NASDAQ. Over the course of the past decade, Yatra has established itself as one of the leading brands and companies
in the Indian Internet and e-commerce space. We are thankful to our shareholders, customers and patrons for supporting us and helping
us achieve this milestone. The additional capital raised through this transaction will be used by us to further accelerate our
growth, invest in mobile technology, and expand our multi-channel distribution network. With a well-established brand, a large
and loyal customer base, and a strong balance sheet, we are a strong force to be reckoned with in the Indian travel market".
Nathan Leight, chairman
of Terrapin 3 Acquisition Corporation, said, "We are truly delighted to align our shareholders' interests with Yatra's
accomplished team of management and distinguished venture and strategic investors. Dhruv Shringi and his team founded and created
a company that millions of customers trust and return to for a wide range of travel services and experiences. We believe Yatra
is uniquely positioned to benefit from the continued vibrant expansion of India, the world's fastest growing major economy,
and the rapid adoption of e-commerce and mobile technology by India's flourishing consumer class".
Yatra received approximately
$93 million in cash in connection with the business combination and related transactions.
Deutsche Bank Securities
Inc. acted as capital markets advisor to TRTL and Macquarie Capital acted as capital markets advisor to Yatra with respect to the
transaction. Greenberg Traurig, LLP and Ellenoff Grossman & Schole LLP advised TRTL. Goodwin Procter LLP advised Yatra.
About Terrapin
and Terrapin 3 Acquisition Corporation
Terrapin directly invests in private equity and venture capital transactions, and its affiliates
oversee investments in alternative asset managers, and engage in direct lending to new ventures and established businesses spanning
a wide variety of industries. Terrapin transactions range in size from less than $1 million to more than $1.5 billion. Terrapin
was established in 1997 and has offices in New York City and Miami.
TRTL was a special purpose acquisition company
("SPAC") formed for the purpose of effecting a merger, acquisition, or similar business combination. TRTL was founded
by Nathan Leight and was co-sponsored by affiliates of Terrapin Partners, LLC and affiliates of Macquarie Group Limited. TRTL was
Mr. Leight's and the Terrapin team's third SPAC. Terrapin's first SPAC became Great Lakes Dredge and Dock Corporation,
the nation's largest dredging company, in a transaction of approximately $414 million. Terrapin's second SPAC became
Boise Inc., the nation's third largest paper company, in a transaction of approximately $1.6 billion.
About Macquarie
and Macquarie Capital
Macquarie Group ("Macquarie") is a global provider of banking, financial, advisory, investment and funds management
services. Macquarie's main business focus is making returns by providing a diversified range of services to clients. Macquarie
acts on behalf of institutional, corporate and retail clients and counterparties around the world. Founded in 1969, Macquarie operates
in more than 70 office locations in 27 countries. Macquarie employs approximately 13,800 people and has assets under management
of over $377 billion (as of September 30, 2016).
Macquarie Capital comprises
Macquarie Group's corporate advisory, capital markets and principal investing capabilities. Macquarie Capital's expertise spans
a variety of industry sectors, including telecommunications, media, entertainment, gaming, financial institutions, industrials,
energy, resources, real estate, infrastructure, utilities and renewables.
Safe Harbor Language
This press release includes certain forward-looking statements, including statements regarding the expected effects on TRTL and
Yatra of the business combination, the anticipated benefits of the business combination, the anticipated standalone or combined
financial results of TRTL or Yatra, the anticipated future growth of Yatra or the markets it serves, the listing of the ordinary
shares and warrants, and all other statements in this document other than historical facts. Without limitation, any statements
preceded or followed by or that include the words "targets", "plans", "believes", "expects,"
"intends", "will", "likely", "may", "anticipates", "estimates", "projects,"
"should", "would", "expect", "positioned", "strategy", "future", or
words, phrases or terms of similar substance or the negative thereof, are forward-looking statements. These statements are based
on TRTL's and Yatra's managements' current expectations or beliefs and are subject to uncertainty and changes in circumstance and
involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking
statements. In addition, these statements are based on a number of assumptions that are subject to change. Such risks, uncertainties
and assumptions include: (1) risks relating to any unforeseen liabilities of TRTL or Yatra; (2) future capital expenditures, expenses,
revenues, earnings, synergies, economic performance, indebtedness, financial condition, losses and future prospects; businesses
and management strategies and the expansion and growth of the operations of Yatra; (3) the risk that disruptions from the transaction
will harm Yatra's business; and (4) other factors detailed in Yatra's and TRTL's reports filed with the U.S.
Securities and Exchange Commission (the "SEC"), including TRTL's Definitive Proxy Statement filed on November 22,
2016, under the caption "Risk Factors." Neither TRTL nor Yatra is under any obligation to, and expressly disclaims any
obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, changes in
assumptions or otherwise, except as required by law.
Contacts:
Saumya Bhushan
Avian Media
+91-9910353007
SOURCE: Yatra USA Corp.
(f/k/a Terrapin 3 Acquisition Corporation)

text:
Terrapin 3 Acquisition
Corporation

text: Yatra

text:
Terrapin 3 Acquisition
Corporation

text: TRTL

text: TRTL

text: Yatra

text: Yatra

text: TRTL

text: TRTL

text: Yatra

text: TRTL

text: Yatra

text: TRTL

text: Yatra

text: Yatra

text: Yatra

text: Yatra

text: Yatra

text: Yatra

text: Yatra

text: Yatra

text: Yatra

text: Yatra

text: Yatra

text: Nathan Leight

text: Terrapin 3 Acquisition Corporation

text: Yatra

text: Yatra

text: Yatra

text: TRTL

text: Yatra

text: Greenberg Traurig, LLP

text: Ellenoff Grossman & Schole LLP

text: TRTL

text: Goodwin Procter LLP

text: Yatra

text: Terrapin 3 Acquisition Corporation

text: TRTL

text: TRTL

text: Nathan Leight

text: TRTL

text: TRTL

text: Yatra

text: TRTL

text: Yatra

text: Yatra

text: TRTL

text: Yatra

text: TRTL

text: Yatra

text: Yatra

text: Yatra

text: Yatra

text: TRTL

text: TRTL

text: TRTL

text: Yatra

text: Yatra

text: Terrapin 3 Acquisition Corporation


text:
EX-99.1
2
exh_991.htm
EXHIBIT 99.1
EXHIBIT 99.1
SUCAMPO
ANNOUNCES RESULTS OF TENDER OFFER FOR R-TECH UENO
Tender Achieves Threshold and Tender
Offer Period Concludes
Acquisition Expected to Close This Quarter
BETHESDA, Md., Oct. 14, 2015 (GLOBE NEWSWIRE) -- Sucampo
Pharmaceuticals, Inc. (Sucampo) (NASDAQ:SCMP), a global biopharmaceutical company, today announced the results of its tender
offer in Japan by Sucampo's Japanese subsidiary to purchase up to 56% of the outstanding shares of common stock of R-Tech
Ueno (TSE:4573:JP) for JPY 1,900 per share.
The tender offer agent has advised Sucampo that, as of the expiration
of the tender offer at 3:30 p.m. Japanese Standard Time on October 13, 2015, a total of 10,262,903 shares and 318,400
stock acquisition rights of R-Tech Ueno common stock had been validly tendered and not withdrawn, representing approximately
54% of R-Tech Ueno's outstanding shares. All shares that were validly tendered and not withdrawn during the initial offering
period have been accepted for payment and funds are expected to be distributed starting on October 20, 2015.
As previously announced, Sucampo has entered into agreement
with R-Tech Ueno's founders and a related entity to acquire an additional 44% of R-Tech Ueno shares for JPY
1,400 per share. The closing of this share purchase is conditioned on the settlement of the tender offer. Sucampo expects
to complete this share purchase on October 20, 2015. At that point, Sucampo will control approximately 98% of R-Tech
Ueno shares.
Following closing of the share purchase agreement with the founders,
Sucampo intends to acquire all remaining outstanding shares of R-Tech Ueno through a squeeze-out process under Japanese
law. Sucampo continues to expect to close the acquisition in the fourth quarter of 2015.
About Sucampo Pharmaceuticals, Inc.
Sucampo Pharmaceuticals, Inc. is focused on the development
and commercialization of medicines that meet major unmet medical needs of patients worldwide. Sucampo has one marketed product
- AMITIZA - and a pipeline of product candidates in clinical development. A global company, Sucampo is headquartered
in Bethesda, Maryland, and has operations in Japan, Switzerland and the U.K. For more information,
please visit www.sucampo.com.
The Sucampo logo and the tagline, The Science of Innovation,
are registered trademarks of Sucampo AG. AMITIZA is a registered trademark of Sucampo AG.
Follow us on Twitter (@Sucampo_Pharma). Follow us on LinkedIn (Sucampo
Pharmaceuticals).
Twitter LinkedIn
Sucampo Forward-Looking Statement
This press release contains "forward-looking statements"
as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements are based on management's current
expectations and involve risks and uncertainties, which may cause results to differ materially from those set forth in the statements.
The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements:
the risk that conditions to closing are not satisfied, risks arising from the potential delay in closing, risks relating to Sucampo's
financing for the acquisition, and risks related to the squeeze-out of minority stockholders under Japanese law.
No forward-looking statement can be guaranteed and actual results
may differ materially from those projected. Sucampo undertakes no obligation to publicly update any forward-looking statement,
whether as a result of new information, future events, or otherwise. Forward-looking statements in this presentation should be
evaluated together with the many uncertainties that affect Sucampo's business, particularly those mentioned in the risk factors
and cautionary statements in Sucampo's most recent Form 10-K as filed with the Securities and Exchange Commission on March
9, 2015 as well as its filings with the Securities and Exchange Commission on Forms 8-K and 10-Q since the filing
of the Form 10-K, all of which Sucampo incorporates by reference.
CONTACT: Sucampo Pharmaceuticals, Inc.
Silvia Taylor
Senior Vice President,
Investor Relations and Corporate Affairs
1-240-223-3718
staylor@sucampo.com
Sucampo Pharmaceuticals, Inc.

text: SUCAMPO

text: R-TECH UENO

text:
Sucampo
Pharmaceuticals, Inc.

text: Sucampo

text: Sucampo

text:
R-Tech
Ueno

text: Sucampo

text: R-Tech Ueno

text: R-Tech Ueno

text: Sucampo

text: R-Tech Ueno

text: R-Tech Ueno

text: Sucampo

text: Sucampo

text:
R-Tech
Ueno

text: Sucampo

text: R-Tech Ueno

text: Sucampo

text: Sucampo Pharmaceuticals, Inc.

text: Sucampo Pharmaceuticals, Inc.

text: Sucampo

text: Sucampo

text: Sucampo

text: Sucampo AG

text: Sucampo AG

text: Sucampo

text: Sucampo

text: Sucampo

text: Sucampo

text: Sucampo

text: Sucampo

text: Sucampo Pharmaceuticals, Inc.

text: Sucampo Pharmaceuticals, Inc.


text:
EX-99
21
ex991.htm
PRESS RELEASE DATED 10-19-2009
Exhibit 99.1
MediaNet Group Technologies Completes Merger With the DubLi Companies
MARGATE, FL and BERLIN--(Marketwire - 10/19/09) - MediaNet Group Technologies, Inc. (OTC.BB:MEDG - News), operating the largest online mall and affinity program platform through its BSP Rewards subsidiary, announced that effective today it has completed its reverse merger with CG Holdings Limited, a privately-held, European-based holding company for the DubLi companies, a worldwide online trading firm ("DubLi"). Upon completion of the merger, DubLi became a wholly-owned subsidiary of MediaNet, and DubLi's Chief Executive and Operating Officers will assume the same positions with MediaNet. MediaNet's board of directors will also be controlled by directors nominated by DubLi. Additional details of the merger transaction appear in MediaNet's reports
on Form 8-K filed with the Securities and Exchange Commission on August 14 and September 30, 2009.
As previously disclosed in the amended merger agreement filed with the Commission on September 30, at closing MediaNet issued 5,000,000 shares of Series A Convertible Preferred Stock to DubLi shareholders and no common stock. The Series A Convertible Preferred Stock automatically converts into 90% of the shares of common stock of MediaNet to be issued and outstanding after the conversion and has 90% of the voting power of MediaNet's shareholders. MediaNet will file proxy material with the Commission to increase its authorized common shares to 500,000,000 and its authorized preferred shares to 25,000,000. Upon completion of the increase in authorized shares, the fully diluted common shares of MediaNet will be 299,016,520, of which DubLi shareholders will own 269,114,868 shares.
Michael Hansen, President of the newly combined company, said, "We are delighted to be a part of this unique business combination. The uniting of the DubLi and BSP platforms combines two shopping alternatives, both of which are recognized leaders in their respective areas, and offers a one of a kind shopping program unparalleled in the industry. Our technology combined with MediaNet Group's long term relationship with top brand vendors will make it possible to set new standards within the industry. We believe that the business combination offers the doorway to a totally unique method of international shopping and sets the stage for world wide expansion".
Martin Berns, Chief Executive Officer of BSP Rewards, Inc., stated, "During the past months we have had the opportunity to become intimately involved with DubLi's vision and progress. Their goal of expanding as a world leader in the international shopping and auction market is extremely exciting. It offers a major opportunity for the company and our shareholders. The DubLi auction and shopping platform is exceedingly sophisticated and when combined with our BSP program acts as a loyalty, incentive, continuity and communication tool, with the added capability of being able to load cash, bonus payments, payroll and rewards instantaneously onto virtually any debit or credit card -- domestic or international. The combination of platforms offers a myriad of features and benefits for which we should have little competition. It truly is a 1+1 equals 3 scenario".
About MediaNet Group Technologies, Inc.:
MediaNet Group Technologies, Inc., through its BSP Rewards division, has developed the largest online mall and affinity program platform. BSP builds, brands, and customizes proprietary loyalty/rewards/mall programs for clients and organizations and for a value added element layered onto debit and stored value cards. Companies and organizations enroll their members into the program and BSP cross-markets them to its entire database.
The Company generates product purchases from over 1000 participating mall merchants, including the nation's largest retailers as well as gift cards and a large discount catalog. With over 60 web malls already developed and in use, BSP Rewards currently serves more than 750,000 registered users. The Company offers affordable, immediate implementation, delivered as rich turnkey enterprise solutions for corporations interested in expanding their web presence and enhancing customer relations -- turning operational costs into profit centers. Current mall merchants include such merchants as Sears, Target, Walmart, Macy's, Office Depot, Bass Pro Shops, Best Buy, Budget and Chili's.
About DubLi:
The DubLi Group is a worldwide online trading firm with its financial headquarters in Limassol, Cyprus. DubLi is a dynamic, growing and success-oriented online shopping company with its exciting and recognized global reverse auction and fun shopping house DubLi.com. Buyers get access to a wide variety of top brand-name products at the absolute lowest prices on the market. At the same time, DubLi Network offers people around the world a unique opportunity to generate extra income through their own lucrative part-time or full-time business. Today, DubLi Network is among the fastest growing companies within the direct sales industry in Europe and the USA.
"Forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. MediaNet Group Technologies, Inc. disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions (including in the information technology and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for
our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, changes in our business strategies, and the purchasing activity or lack thereof by registered web mall members.
Contact:
Contacts:
MediaNet Group Technologies, Inc.
Martin Berns
Chief Executive Officer
954-974-5818 ext. 202
martin@medianetgroup.com
DubLi.com
Michael Hansen
Chief Executive Officer
mha@DubLi.com

text: MediaNet Group Technologies, Inc.

text: CG Holdings Limited

text: Michael Hansen

text: Martin Berns

text: MediaNet Group Technologies, Inc.

text: MediaNet Group Technologies, Inc.

text: MediaNet Group Technologies, Inc.

text: MediaNet Group Technologies, Inc.

text: Martin Berns

text: Michael Hansen


text:
EX-99.1
3
v052792_ex99-1.htm
Exhibit
99.1
Capital
Growth Systems Acquires 20/20 Technologies, Inc. and Magenta netLogic,
Ltd.
SCHAUMBURG,
Ill.--(BUSINESS WIRE)--Sept. 12, 2006--Capital Growth Systems, Inc.
(OTCBB:CGSY.OB
-
News),
announced today that it has completed the acquisition of 20/20 Technologies
Inc., the holding company whose assets include total ownership of UK-based
Magenta netLogic, Ltd., a global leader in circuit pricing and network
optimization. The transaction represents part of the current CGSY strategic
program of expansion to become a leading telecommunications services and
solutions provider.
"The
Magenta acquisition gives us a unique position with a communications supply
chain management system, a global customer base and an experienced team in
North
America and Europe", stated Tom Hudson, CGSY chief executive officer.
"Multi-national corporations, systems integrators and telecommunications
companies have traditionally tried to execute on their networking requirements
without the necessary keys to the supply chain in terms of information regarding
circuit supply, availability and pricing. The Magenta intellectual property,
technology and databases are a significant step toward providing that clarity,
and we believe that will allow us to add significant value to our current and
future customers. Magenta is already well established in a number of the largest
global carrier and systems integrator operations".
Patrick
Shutt, former CEO of 20/20 and current CGSY president, stated, "CGSY is engaged
in an exciting period of growth. We believe the significant savings Magenta
has
already shown existing consulting clients give a formidable competitive edge
to
the company moving forward. We believe that the combination of this transaction
and the strategic objectives of the company will give CGSY the framework to
build the first Smart VNO capable of consistent, speedy and economic design
and
delivery of network solutions of any size or complexity with a global reach".
CGSY
also
recently announced the execution of a letter of intent to acquire Houston-based
Global Capacity Group, Inc., an expanding connectivity provider.
About
Capital Growth Systems, Inc.
Capital
Growth Systems, Inc. is a public reporting company under the Securities Exchange
Act of 1934 and is based in Schaumburg, Ill. The company currently has four
wholly-owned subsidiaries: NexVU Technologies, LLC (www.nexvu.com);
Frontrunner Network Systems Inc. (www.frontrunnernetworks.com);
20/20
Technologies, Inc. (www.20-20technologies.net);
and
Magenta netLogic, Ltd. (www.magenta-netlogic.com).
The
company's common stock is currently quoted on the Bulletin Board under the
stock
symbol CGSY.OB
Forward-Looking
Statements
Certain
information discussed in this press release may constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform Act
of
1995 and the federal securities laws. Although the company believes that the
expectations reflected in such forward-looking statements are based upon
reasonable assumptions at the time made, it can give no assurance that its
expectations will be achieved. Readers are cautioned not to place undue reliance
on these forward-looking statements.
Forward-looking
statements are inherently subject to unpredictable and unanticipated risks,
trends and uncertainties such as the company's inability to accurately forecast
its operating results; the company's potential inability to achieve
profitability or generate positive cash flow; the availability of financing;
and
other risks associated with the company's business. For further information
on
factors which could impact the company and the statements contained herein,
reference should be made to the company's filings with the Securities and
Exchange Commission, including annual reports on Form 10-KSB, quarterly reports
on Form 10-QSB and current reports on Form 8-K. The company assumes no
obligation to update or supplement forward-looking statements that become untrue
because of subsequent events.
Contact:
Capital
Growth Systems, Inc.
Skip
Behm, 630-872-5800
sbehm@nexvu.com

text:
Capital
Growth Systems

text: 20/20 Technologies, Inc.

text:
Magenta netLogic,
Ltd.

text: Capital Growth Systems, Inc.

text:
20/20 Technologies
Inc.

text: Magenta netLogic, Ltd.

text: Capital Growth Systems, Inc.

text:
Capital
Growth Systems, Inc.

text:
20/20
Technologies, Inc.

text: Magenta netLogic, Ltd.

text:
Capital
Growth Systems, Inc.


text:
EX-99.1
3
a08-17229_2ex99d1.htm
EX-99.1
Exhibit 99.1
NEWS RELEASE
SILICON LABORATORIES TO
ACQUIRE INTEGRATION ASSOCIATES,
DIVERSIFIED MIXED-SIGNAL COMPANY
-
Acquisition Brings
New Product Vectors and High Caliber Development Team -
AUSTIN, Texas, June 24, 2008
-
Silicon Laboratories Inc. (Nasdaq: SLAB) today announced it
has signed a definitive agreement to acquire Silicon Valley-based Integration
Associates, an innovator in analog-intensive, highly integrated ICs, for net
$80 million, taking into consideration Integration Associates' cash balances
and net current assets. Integration Associates brings a diverse portfolio of connectivity,
wireless and power solutions, quality revenue and nearly 100 engineers to
Silicon Laboratories.
Integration Associates'
portfolio is aligned with Silicon Laboratories' objective to broaden system
content within existing applications and to enter new markets. Specifically, the
acquisition augments Silicon Laboratories' R&D investments currently in
place in short range wireless, a large market that includes home automation, remote
keyless entry and automated meter reading applications. This is an untapped
market for Silicon Laboratories where Integration Associates has developed
innovative products, an expanding customer base and a growing revenue stream.
Integration Associates'
products will also accelerate Silicon Laboratories' expansion into the audio
subsystem, a natural extension of the current broadcast audio portfolio. And,
the company's power portfolio is a strategic addition to Silicon Laboratories' nascent
power product line, which is in the early stages of revenue ramp.
"This acquisition will
enable us to address new product vectors, accelerate time to revenue for
current investments and further scale our engineering team with the addition of
an experienced
group of mixed-signal
design and application engineers", said Necip Sayiner, president and CEO of
Silicon Laboratories. "Additionally, good quality revenue and attractive growth
potential further enhance our operational profile as we expect this transaction
to be accretive in 2009".
"We have developed a
solid business based on innovative technology, and we're at a key inflection
point with new products", said Jean-Luc Nauleau, CEO of Integration Associates.
"The timing is right for us to leverage the sales channel and infrastructure of
a larger company and Silicon Labs is the perfect partner. Our technology focus
and core competency are well aligned with Silicon Labs' capabilities, and we
will also have an opportunity to jump start a number of very promising new
products as a result of the combination".
Integration Associates is
a private company based in Mountain View, California with additional design
centers in Europe. The company has built quarterly revenue to a run rate of
approximately $8 million. The acquisition is expected to be slightly dilutive
to Silicon Laboratories in 2008, offset by better than previously anticipated
performance in Silicon Labs' existing business. The acquisition is expected to
be accretive in 2009. The board of directors of each company has approved the
merger, which awaits the satisfaction of regulatory requirements and other
customary closing conditions.
Conference Call Wednesday, June 25th
An investor conference
call and presentation is scheduled for 7:30 a.m. Central Time tomorrow, June 25th.
To access the presentation and audio webcast, visit Silicon Laboratories'
website under Investor Relations at http://www.silabs.com. A replay will be available after the call at
the website listed above or by calling 866-431-5843 (U.S.) or +1 203-369-0958
(international). These replays will be
available through July 9
th
.
About Integration Associates
Integration Associates is
a fabless semiconductor company headquartered in Mountain View, California,
with offices and design centers in Europe and North America. Integration
Associates designs and delivers silicon solutions for wireless, wireline and
power system management applications for a wide range of systems. For more
information about Integration Associates and
2
its products, visit
www.integration.com.
About
Silicon Laboratories Inc.
Silicon Laboratories is an industry leader in the innovation of
high-performance, analog-intensive, mixed-signal ICs. Developed by a world-class engineering team
with unsurpassed expertise in mixed-signal design, Silicon Labs' diverse
portfolio of highly-integrated, easy-to-use products offers customers
significant advantages in performance, size and power consumption. These patented solutions serve a broad set of
markets and applications including consumer, communications, computing,
industrial and automotive.
Headquartered
in Austin, TX, Silicon Labs is a global enterprise with operations, sales and
design activities worldwide. The company
is committed to contributing to our customers' success by recruiting the
highest quality talent to create industry-changing innovations. For more
information about Silicon Labs, please visit www.silabs.com.
Cautionary Language
This press release
contains forward-looking statements based on Silicon Laboratories' current
expectations. The words "believe", "estimate", "expect", "intend", "anticipate,"
"plan", "project", "will", "expanding", "growing", and similar phrases as they
relate to Silicon Laboratories or Integration Associates are intended to
identify such forward-looking statements. These forward-looking statements
reflect the current views and assumptions of Silicon Laboratories and are
subject to various risks and uncertainties that could cause actual results to
differ materially from expectations. Among the factors that could cause actual
results to differ materially from those in the forward-looking statements are
the following: risks that;the acquisition may not yield the expected benefits
due to the failure to properly integrate the acquired business and employees;
risks that the customer base and revenue of the acquired business may cease to
expand or may decline; risks that the acquired business' products under
development may fail to achieve market acceptance; risks of disputes regarding
the acquired business; risks that the performance of Silicon Laboratories'
existing business may not offset the dilutive effect of the acquisition; risks
associated with quarterly fluctuations in revenues and operating results; risks
that average selling prices of products may decrease significantly and
3
rapidly,
dependence on a limited number of products and customers; risks associated with
the competitive and cyclical nature of the semiconductor industry and other
factors that are detailed in Silicon Laboratories' filings with the SEC.
Silicon Laboratories disclaims any intention or obligation to update or revise
any forward-looking statements, whether as a result of new information, future
events or otherwise.
Note to
editors: Silicon Laboratories, Silicon Labs and the Silicon Labs logo are
trademarks of Silicon Laboratories Inc. All other product names noted herein
may be trademarks of their respective holders.
CONTACT:
Silicon Laboratories Inc., Shannon Pleasant, (512) 464 9254,
shannon.pleasant@silabs.com
# # #
4

text: SILICON LABORATORIES

text: INTEGRATION ASSOCIATES

text: Silicon Laboratories Inc.

text:
Integration
Associates

text: Integration Associates

text: Integration Associates

text: Silicon Laboratories

text: Integration Associates

text: Silicon Laboratories

text: Silicon Laboratories

text: Silicon Laboratories

text: Integration Associates

text: Integration Associates

text: Silicon Laboratories

text: Silicon Laboratories

text: Necip Sayiner

text: Silicon Laboratories

text: Jean-Luc Nauleau

text: Integration Associates

text: Integration Associates

text: Silicon Laboratories

text: Silicon Laboratories

text: Integration Associates

text: Integration Associates

text:
Integration
Associates

text: Integration Associates

text: Silicon Laboratories Inc.

text: Silicon Laboratories

text: Silicon Laboratories

text: Silicon Laboratories

text: Integration Associates

text: Silicon Laboratories

text: Silicon Laboratories

text: Silicon Laboratories

text: Silicon Laboratories

text: Silicon Laboratories

text: Silicon Laboratories Inc.

text: Silicon Laboratories Inc.