text:
EX-99.1
2
imhfinancialcorporation-la.htm
EXHIBIT 99.1
Exhibit
PRESS RELEASE
FOR IMMEDIATE RELEASE
Media Contact
J Public Relations / 619.255.7069
lauberge@jpublicrelations.com
L'AUBERGE DE SEDONA AND ORCHARDS INN PURCHASED BY DIAMONDROCK HOSPITALITY
IMH Financial Corporation Announces Plans to Expand the L'Auberge Brand Name While Continuing to Manage Both L'Auberge de Sedona and Orchards Inn Sedona In Arizona
February 28, 2017 (Sedona, Ariz.) - IMH Financial Corporation announces today an agreement that encompasses the sale of L'Auberge de Sedona, Orchards Inn Sedona and 89 Agave Cantina to an affiliate of DiamondRock Hospitality Company ("DiamondRock"). IMH Financial Corporation, through a subsidiary, will continue to manage L'Auberge de Sedona, Orchards Inn and 89 Agave Cantina in Sedona pursuant to a management agreement with an initial term of five years, and has outlined plans to expand the luxury L'Auberge brand into new markets and manage additional properties in the future.
L'Auberge de Sedona, the luxury creekside retreat surrounded by Sedona's enchanting red rocks, and its sister property, Orchards Inn Sedona, were purchased by DiamondRock for $97 million. Following the acquisition, DiamondRock plans to implement well-proven asset management practices at both L'Auberge de Sedona and Orchards Inn and invest in property enhancements to both properties.
"I am confident that the strong relationship between our two organizations will allow both properties to flourish under the ownership of DiamondRock Hospitality Company and the continued leadership and management of IMH Financial Corporation", said Lawrence Bain, Chairman and CEO of IMH. "Our commitment to luxury boutique hospitality assets will allow for IMH to focus on expanding the legacy of the L'Auberge brand as we look to acquire and manage additional properties in new markets".
Under IMH's management, L'Auberge was ranked the number one hotel in the Southwest by Conde Nast Traveler's Readers Choice Awards 2016. The 88-room L'Auberge and the adjacent 70-room Orchards Inn are situated within the heart of Uptown Sedona. Sedona's proximity to the Grand Canyon makes the hotels an ideal destination for visitors looking to explore the Southwest region. Both properties are located within two hours of the Coconino National Forest, breathtaking Red Rocks, and cities such as Phoenix and Flagstaff. Sedona benefits from a vibrant outdoor and artistic climate with nearly 100 hiking trails for outdoor enthusiasts and nearly 100 eclectic art galleries lining the downtown streets.
With the goal of expanding the L'Auberge brand into a collection of hotels, IMH plans to bring the resort's renowned level of luxury, high-touch service and bespoke guest experiences into new markets. Both companies will work closely together to ensure a smooth ownership transition while IMH continues to manage both hotels and the restaurants at each.
###
About IMH Financial Corporation
IMH Financial Corporation is a real estate finance and investment company based in Scottsdale, Arizona, with extensive experience in various aspects of commercial real estate lending and investment. Since 2003, IMH has invested over $1.4 billion in real estate projects. IMH has had active projects in Arizona, California, Nevada, Utah, Idaho, Minnesota, New Mexico, and Texas. IMH's primary expertise is in acquiring, financing, or developing commercial, residential and hospitality real estate, primarily in the southwestern United States, as well as the management of several existing commercial operations.
About L'Auberge de Sedona
L'Auberge de Sedona is one of the Southwest's foremost luxury retreats. Nestled on the banks of Oak Creek in Sedona's renowned Red Rock region, L'Auberge features 62 luxury cottages, 21 traditional lodge-style guest rooms and a beautiful, stand-alone five bedroom Creekhouse that is ideal for group buyouts. Each of the property's luxury Vista, Creek and Spa cottages include an outdoor, open-roof cedar shower located on private balconies, that allow guests to enjoy the warmth of rain-head shower water, while feeling refreshed from the cool outdoor air and enjoying the starry night views above. The property recently launched the L'Apothecary Spa, which allows guests to become closer with the earth and its essential, native benefits through creating custom body care blends with local ingredients, or interacting with the environment through earthing-inspired spa treatments. More recently, L'Auberge de Sedona took these environment-inspired offerings one step further by introducing Forest Bathing, a custom experience designed to help guests connect with nature on a greater level by inviting them to experience their surroundings in new ways. A plethora of outdoor activities are also available for guests, including moonlit meditation, daily yoga, guided hikes and jogs around the scenic property.
About Orchards Inn Sedona
Located in idyllic Uptown Sedona, Orchards Inn is an affordable getaway for travelers, offering comfortable accommodations, and arguably the best views in Sedona. The property is centrally located among Sedona's finest shops and galleries and boasts spacious balconies with panoramic views of the majestic Sedona red rocks. Just steps from the hotel is the entirely revamped 89Agave, a Sonoran-style eatery that offers authentic flavors of Mexico cuisine, cooked simply and served in a vibrant Uptown setting.
About DiamondRock Hospitality
DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that is an owner of a leading portfolio of geographically diversified hotels concentrated in top gateway markets and destination resort locations. The Company, as of the date herein, owns 28 premium quality hotels with over 9,600 rooms. The Company has strategically positioned its hotels to be operated both under leading global brands such as Hilton, Marriott, and Westin and boutique hotels in the lifestyle segment. For further information on the Company and its portfolio, please visit DiamondRock Hospitality Company's website at www.drhc.com.

text: L'AUBERGE DE SEDONA

text: ORCHARDS INN

text: DIAMONDROCK HOSPITALITY

text: IMH Financial Corporation

text: L'Auberge de Sedona

text: Orchards Inn

text: IMH Financial Corporation

text: L'Auberge de Sedona

text: Orchards Inn

text: DiamondRock Hospitality Company

text: DiamondRock

text: IMH Financial Corporation

text: L'Auberge de Sedona

text: Orchards Inn

text: L'Auberge de Sedona

text: Orchards Inn

text: DiamondRock

text: DiamondRock

text: L'Auberge de Sedona

text: Orchards Inn

text: DiamondRock Hospitality Company

text: IMH Financial Corporation

text: Lawrence Bain

text: Orchards Inn

text: IMH Financial Corporation

text: IMH Financial Corporation

text: L'Auberge de Sedona

text: L'Auberge de Sedona

text: L'Auberge de Sedona

text: Orchards Inn

text: Orchards Inn

text: DiamondRock Hospitality

text: DiamondRock Hospitality Company

text: DiamondRock Hospitality Company


dataset: buster

text:
EX-99.1
2
pressrelease3819.htm
EXHIBIT 99.1
Exhibit
Exhibit 99.1
ENTERPRISE FINANCIAL SERVICES CORP AND TRINITY CAPITAL CORPORATION (PARENT COMPANY OF LOS ALAMOS NATIONAL BANK) COMPLETE MERGER
MARCH 8, 2019, ST. LOUIS, MO - Enterprise Financial Services Corp (NASDAQ: EFSC) ("Enterprise", or "EFSC"), the holding company for Enterprise Bank & Trust ("EB&T"), today announced the completion of its merger with Trinity Capital Corporation ("Trinity") and the merger of EB&T with Trinity's wholly owned subsidiary, Los Alamos National Bank ("LANB"). The merger adds approximately $1.2 billion in assets, $700 million in loans and $1.1 billion in deposits to Enterprise and makes New Mexico Enterprise's second largest market. Following this transformational merger, Enterprise will have approximately $7 billion in total assets.
"We are thrilled with the completion of the merger of our two organizations", said Jim Lally, President and Chief Executive Officer of Enterprise. "We are excited to continue to build upon the extraordinary past performance of both companies' commitment to their employees, customers and communities. Our combined organization is poised to deliver strong returns and significant value for our shareholders as we continue to provide the highest level of service across all of our communities into the future".
The merger further enhances the geographic diversity of Enterprise's footprint with LANB's six full-service locations in Los Alamos, Santa Fe, and Albuquerque, New Mexico. The New Mexico locations will continue to operate under LANB's existing systems until EB&T completes its systems integration, which is expected to be finalized in mid-2019. LANB customers then will have access to the full range of products and services available currently to EB&T customers.
In connection with completion of the merger, two Trinity directors, Tony Scavuzzo of Castle Creek Capital, LLC and James F. Deutsch of Patriot Financial Partners, LP, have joined EFSC's board of directors. Additionally, James E. Goodwin, Jr., Chairman of the boards of directors of Trinity and LANB, has joined the board of directors of EB&T.
Advisors to Transaction
Wells Fargo Securities, LLC served as financial advisor to EFSC, and Holland & Knight LLP served as legal counsel to EFSC. Keefe, Bruyette & Woods, A Stifel Company served as financial advisor to Trinity, and Hunton Andrew Kurth LLP served as legal counsel to Trinity.
About Enterprise
Enterprise Financial Services Corp (NASDAQ: EFSC), with approximately $7 billion in assets, is a bank holding company headquartered in Clayton, Missouri. Enterprise Bank & Trust, a Missouri state-chartered trust company with banking powers and a wholly owned subsidiary of Enterprise, operates 34 branch offices in Arizona, Kansas, Missouri and New Mexico. Enterprise Bank & Trust offers a range of business and personal banking services and wealth management services. Enterprise Trust, a division of Enterprise Bank & Trust, provides financial planning, estate planning, investment management and trust services to businesses, individuals, institutions, retirement plans and non-profit organizations. Additional information is available at www.enterprisebank.com.
Enterprise Financial Services Corp's common stock is traded on the Nasdaq Stock Market under the symbol "EFSC." Please visit our website at www.enterprisebank.com to see our regularly posted material information.
Forward-Looking Statements
In addition to the historical information contained herein, this press release contains "forward-looking statements" within the meaning of, and intended to be covered by, the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements about EFSC's plans, expectations, and projections of future financial and operating results, as well as statements regarding EFSC's plans,
objectives, expectations or consequences of announced transactions. Words such as "may", "might", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential", "could", "continue", and "intend", and variations of such words and similar expressions are intended to identify such forward-looking statements which are not statements of historical fact. Forward-looking statements are inherently subject to risks and uncertainties that could cause actual results to differ materially from those contemplated from such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, EFSC's ability to efficiently integrate acquisitions into its operations, retain the customers of these businesses and grow the acquired operations, credit risk, changes in the appraised valuation of real estate securing impaired loans, outcomes of litigation and other contingencies, exposure to general and local economic conditions, risks associated with rapid increases or decreases in prevailing interest rates, consolidation in the banking industry, competition from banks and other financial institutions, EFSC's ability to attract and retain relationship officers and other key personnel, burdens imposed by federal and state regulation, changes in regulatory requirements, changes in accounting regulation or standards applicable to banks, as well as other risk factors described in the EFSC's 2018 Annual Report on Form 10-K and other filings made by EFSC with the Securities and Exchange Commission (the "SEC"). Forward-looking statements made in this press release or in any documents speak only as of the date they are made. Except as required under the U.S. federal securities laws and the rules and regulations of the SEC, EFSC disclaims any intention or obligation to update any forward-looking statements after the filing of this press release, whether as a result of new information, future events, developments, changes in assumptions or otherwise.
For more information contact:
Enterprise Financial Services Corp
Investor Relations:
Keene Turner, Executive Vice President and Chief Financial Officer
(314) 512-7251
Media:
Karen Loiterstein, Senior Vice President, Marketing
(314) 512-7141
###

label: organization

text: ENTERPRISE FINANCIAL SERVICES CORP

text: TRINITY CAPITAL CORPORATION

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text: Trinity Capital Corporation

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text: Los Alamos National Bank

label: person

text: Jim Lally

text: EB&T

text: EB&T

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text: Wells Fargo Securities, LLC

text: Holland & Knight LLP

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source_dataset: expertai/BUSTER

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


text:
EX-99.1
3
d238174dex991.htm
EX-99.1
EX-99.1
Exhibit 99.1
Canada Pension Plan Investment Board Closes Merger with Parkway, Inc.
TORONTO and HOUSTON, Oct. 12, 2017 /PRNewswire/ - Canada Pension Plan Investment Board ("CPPIB") and
Parkway, Inc. (NYSE: PKY) ("Parkway"), a Houston-based real estate investment trust, announced today the completion of the previously announced merger of Parkway with an affiliate of CPPIB for US$1.2 billion, or US$23.05 per share.
The closing follows the satisfaction of all conditions to closing the merger, including the receipt of approval of the transaction by Parkway stockholders on September 25, 2017.
Under the terms of the merger agreement, Parkway stockholders are entitled to receive cash payments totaling US$23.05 per share for each share of Parkway
common stock held from the record date of Parkway's cash dividend through the closing date. The US$23.05 per share consideration consists of US$19.05 per share payable pursuant to the merger, plus a US$4.00 per share special cash dividend paid
on October 10, 2017.
About Canada Pension Plan Investment Board
Canada Pension Plan Investment Board (CPPIB) is a professional investment management organization that invests the funds not needed by the Canada Pension Plan
(CPP) to pay current benefits on behalf of 20 million contributors and beneficiaries. In order to build a diversified portfolio of CPP assets, CPPIB invests in public equities, private equities, real estate, infrastructure and fixed income
instruments. Headquartered in Toronto, with offices in Hong Kong, London, Luxembourg, Mumbai, New York City, São Paulo and Sydney, CPPIB is governed and managed independently of the Canada Pension Plan and at arm's length from
governments. At June 30, 2017, the CPP Fund totalled C$326.5 billion. For more information about CPPIB, please visit www.cppib.com or follow us on LinkedIn or Twitter.
About Parkway
Parkway, Inc. is an independent, publicly
traded, self-managed real estate investment trust ("REIT") that owns and operates high-quality office properties located in attractive submarkets in Houston, Texas. As of June 30, 2017, our portfolio consists of five Class A
assets comprising 19 buildings and totaling approximately 8.7 million rentable square feet in the Greenway, Galleria and Westchase submarkets of Houston.
Forward Looking Statements
Certain statements contained in this press release, including those that express a belief, expectation or intention, as well as those that are not statements
of historical fact, are forward-looking statements within the meaning of the federal securities laws and as such are based upon Parkway's current beliefs as to the outcome and timing of future events. There can be no assurance that actual
future developments affecting Parkway will be those anticipated by Parkway. Parkway cautions investors that any forward-looking statements presented in this press release are based on management's beliefs and assumptions made by, and
information currently available to, management. When used, the words "anticipate", "assume", "believe", "estimate", "expect", "forecast", "guidance", "intend,"
"may", "might", "plan", "potential", "should", "will", "result" or similar expressions that do not relate solely to historical matters are intended to identify forward-looking
statements. You can also identify forward-looking statements by discussions of strategy, plans or intentions. Forward-looking statements involve risks and uncertainties (some of which are beyond Parkway's control) and are subject to change
based upon various factors, including but not limited to the following risks and uncertainties: the outcome of any legal proceedings that may be instituted against Parkway and others related to the merger agreement; the ability of Parkway to
implement its operating strategy; changes in economic cycles; and competition within the office properties real estate industry; and other risks and uncertainties detailed from time to time in Parkway's Securities and Exchange Commission (the
"SEC") filings.
Should one or more of these risks or uncertainties occur, or should underlying assumptions prove incorrect, Parkway's
business, financial condition, liquidity, cash flows and results could differ materially from those expressed in any forward-looking statement. While forward-looking statements reflect Parkway's good faith beliefs, they are not guarantees of
future performance. Any forward-looking statement speaks only as of the date on which it is made. New risks and uncertainties arise over time, and it is not possible for us to predict the occurrence of those matters or the manner in which they may
affect us. Except as required by law, Parkway undertakes no obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other
changes.

label: fund

text: Canada Pension Plan Investment Board

override: fund

text: Parkway, Inc.

text: Canada Pension Plan Investment Board

text: Parkway, Inc.

text: Parkway

text: Parkway

text: Parkway

text: Parkway

text: Parkway

text: Parkway

text: Canada Pension Plan Investment Board

text: Canada Pension Plan Investment Board

text: Parkway

text: Parkway, Inc.

text: Parkway

text: Parkway

text: Parkway

text: Parkway

text: Parkway

text: Parkway

text: Parkway

text: Parkway

text: Parkway

text: Parkway

text: Parkway


text:
EX-99.1
4
exhibit991-closingoflovooa.htm
PRESS RELEASE
Exhibit
Exhibit 99.1
FOR IMMEDIATE RELEASE
CONTACT: Brandyn Bissinger
267.446.7010 /
bbissinger@themeetgroup.com
Investor Contact:
The Blueshirt Group
Allise Furlani or Brinlea Johnson
212-331-8433
IR@Themeetgroup.com
The Meet Group Announces Closing of Lovoo Acquisition
Company Announces Third Quarter 2017 Earnings Conference Call
NEW HOPE, Pa., October 19, 2017 - The Meet Group, Inc. (NASDAQ: MEET), a public market leader in the mobile meeting space, has completed its acquisition of Lovoo GmbH. The LOVOO app is the most downloaded dating app in Germany, Switzerland, and Austria combined.
The Meet Group anticipates this purchase will continue the momentum of its mission to meet the universal need for human connection through innovating, acquiring, and building the largest mobile portfolio of brands for meeting new people.
The acquisition is expected to expand The Meet Group's global footprint, increase the company's scale and profitability, and diversify its business model by adding expertise in subscription and in-app purchasing.
"LOVOO is our third strategic acquisition in the last 12 months, and we're looking forward to advancing our combined company's growth", said Geoff Cook, CEO of The Meet Group. "We plan to continue to focus on innovating products that increase engagement across our entire portfolio of brands, including livestreaming video and in-app gifting. LOVOO's sizable European audience and subscription focus give us greater revenue and geographic diversification, and we're excited to add them to the portfolio".
In connection with the closing of the acquisition, The Meet Group granted restricted stock awards representing an aggregate of 534,500 shares of common stock to 97 Lovoo employees as an inducement material to their employment. Each restricted stock award vests one-third each year during a three-year vesting period. Vesting is subject to continued employment. The grants were approved by the company's Board of Directors, including a majority of its independent directors, and were made in accordance with NASDAQ Listing Rule 5635(c)(4).
Earnings Conference Call and Audio Webcast Notification
The Meet Group will host a conference call on Wednesday, November 1, 2017 at 8:30 a.m. ET to discuss details and answer questions about the company's financial results for the third quarter ended September 30, 2017.
The Meet Group's financial results will be issued in a press release before the market open on November 1 and prior to the call, which will be hosted by The Meet Group's Chief Executive Officer, Geoff Cook, and Chief Financial Officer, David Clark.
What:
The Meet Group third quarter 2017 financial results conference call
When:
Wednesday, November 1, at 8:30 a.m. Eastern Time (5:30 a.m. PT)
Dial In Number:
800-441-0022 (US and Canada)
719-457-2627 (International)
Participant passcode: 9957559
Webcast:
To access the live and replay webcast, please visit the investor relations section of The Meet Group's investor website at
http://www.themeetgroup.com
.
Call Replay:
A phone replay of the call will be available approximately two hours following the end of the call until 11:30 a.m. ET on Wednesday, November 8, 2017. To access the replay dial-in information, please click
here
.
About The Meet Group
The Meet Group (NASDAQ: MEET) is a fast-growing portfolio of mobile apps designed to meet the universal need for human connection. Our apps - currently MeetMe®, LOVOO®, Skout®, Tagged®, and Hi5® - let users in more than 100 countries chat, share photos, stream live video, and discuss topics of interest, and are available on iPhone, iPad, and Android in multiple languages. Using innovative products and sophisticated data science, The Meet Group keeps its over 4.5 million mobile daily active users engaged and originates untold numbers of casual chats, friendships, dates, and marriages. The Meet Group offers advertisers the opportunity to reach customers on a global scale and has leading mobile monetization strategies, including advertising, in-app purchases, and subscription products. The Meet Group has offices in New Hope, San Francisco, Dresden, and Berlin. For more information, visit themeetgroup.com, and follow us on
Facebook
, Twitter or LinkedIn.
Forward-Looking Statements
Certain statements in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including whether the
acquisition of LOVOO will continue the momentum of our mission to meet the universal need for human connection through innovating, acquiring, and building the largest mobile portfolio of brands for meeting new people, whether the acquisition will expand our global footprint, increase our scale and profitability, and diversify our business model by adding expertise in subscription and in-app purchasing, whether the acquisition will advance our combined company's growth, whether we will continue to focus on innovating products that increase engagement across our entire portfolio of brands, including livestreaming video and in-app gifting, and whether LOVOO's sizable European audience and subscription focus will give us greater revenue and geographic diversification. All statements other than statements of historical facts contained herein are forward-looking statements. The words "believe", "may", "estimate", "continue", "anticipate", "intend", "should", "plan", "could", "target", "potential", "project", "is likely", "expect" and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include the risk that our applications will not function easily or otherwise as anticipated, the risk that we will not launch additional features and upgrades as anticipated, the risk that unanticipated events affect the functionality of our applications with popular mobile operating systems, any changes in such operating systems that degrade our mobile applications' functionality and other unexpected issues which could adversely affect usage on mobile devices. Further information on our risk factors is contained in our filings with the Securities and Exchange Commission ("SEC"), including the Form 10-K for the year ended December 31, 2016 filed with the SEC on March 9, 2017, our Quarterly Report on Form 10-Q for the quarter ended March 31, 2017 filed with the SEC on May 10, 2017, and the Form 8-K filed with the SEC on September 20, 2017. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

text: The Meet Group

text: Lovoo

text: The Meet Group

text: Lovoo GmbH

text: LOVOO

text: The Meet Group

text: The Meet Group

text: LOVOO

text: Geoff Cook

text: The Meet Group

text: LOVOO

text: The Meet Group

text: Lovoo

text: The Meet Group

text: The Meet Group

text: The Meet Group

text: Geoff Cook

text: The Meet Group

text: The Meet Group

text: The Meet Group

text: The Meet Group

text: LOVOO

text: The Meet Group

text: The Meet Group

text: The Meet Group

text: LOVOO

text: LOVOO


text:
EX-99.1
5
d285584dex991.htm
EX-99.1
EX-99.1
Exhibit 99.1
News Release
CRESTWOOD EQUITY PARTNERS LP
811 Main Street, Suite 3400
Houston,
TX 77002
www.crestwoodlp.com
Crestwood Completes Acquisition of Oasis Midstream
HOUSTON, TEXAS - February
1, 2022 -
Crestwood Equity Partners LP (NYSE: CEQP) ("Crestwood") and Oasis Midstream
Partners LP ("Oasis Midstream") announced today that the companies have successfully closed the transactions contemplated by the previously announced merger agreement. As a result of the combination, Crestwood has significantly enhanced
its scale and competitive position in the Williston and Delaware Basins, enabling the company to capture expected operational and commercial synergies of approximately $45 million and driving enhanced financial strength and flexibility.
As previously announced, under the terms of the merger agreement, public holders of Oasis Midstream common units will receive 0.8700 Crestwood common units in
exchange for each Oasis Midstream common unit. As previously announced, Crestwood unitholders as of the February 7, 2022 record date, including legacy Oasis Midstream unitholders that remain Crestwood unitholders, will receive Crestwood's
$0.625 per limited partner unit distribution, attributed to the fourth quarter 2021 and payable on February 14, 2022. Crestwood will utilize excess available free cash flow from the combined company to make the fourth quarter 2021 distribution
payment.
About Crestwood Equity Partners LP
Houston, Texas, based Crestwood Equity Partners LP (NYSE: CEQP) is a master limited partnership that owns and operates midstream businesses in multiple shale
resource plays across the United States. Crestwood is engaged in the gathering, processing, treating, compression, storage and transportation of natural gas; storage, transportation, terminalling and marketing of NGLs; gathering, storage,
terminalling and marketing of crude oil; and gathering and disposal of produced water. Visit Crestwood Equity Partners LP at
www.crestwoodlp.com
; and to learn more about Crestwood's sustainability efforts, please visit
https://esg.crestwoodlp.com
.
Forward Looking Statements
This press release may include certain statements concerning expectations for the future that are forward-looking statements as defined by federal securities
law. Such forward-looking statements include, among others, statements regarding the expected synergies and enhanced financial strength and flexibility from the transaction with Oasis Midstream and the timing thereof, and are subject to a variety of
known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management's control. These risks and assumptions are described in Crestwood's annual reports on Form
10-K
and other reports that are available from the United States Securities and Exchange Commission. Readers are cautioned not to place undue reliance on forward-looking statements, which reflect management's
view only as of the date made. We undertake no obligation to update any forward-looking statement, except as otherwise required by law.
-more-
NEWS RELEASE
Page 2 of 2
Source: Crestwood Equity Partners LP
Crestwood Equity Partners LP
Investor Contact
Rhianna Disch,
713-380-3006
rhianna.disch@crestwoodlp.com
Director, Investor
Relations
Sustainability and Media Contact
Joanne
Howard,
832-519-2211
joanne.howard@crestwoodlp.com
Senior Vice President, Sustainability and Corporate Communications
###

text: CRESTWOOD EQUITY PARTNERS LP

text: Crestwood

text: Oasis Midstream

text: Crestwood Equity Partners LP

text: Crestwood

text:
Oasis Midstream
Partners LP

text: Oasis Midstream

text: Crestwood

text: Oasis Midstream

text: Crestwood

text: Oasis Midstream

text: Crestwood

text: Oasis Midstream

text: Crestwood

text: Crestwood

text: Crestwood

text: Crestwood Equity Partners LP

text: Crestwood Equity Partners LP

text: Crestwood

text: Crestwood Equity Partners LP

text: Crestwood

text: Oasis Midstream

text: Crestwood

text: Crestwood Equity Partners LP

text: Crestwood Equity Partners LP


text:
EX-99.1
2
bxg-20210505xex99_1.htm
EX-99.1
Ex 99.1 Closing of Merger
BLUEGREEN VACATIONS HOLDING CORPORATION AND BLUEGREEN VACATIONS CORPORATION ANNOUNCE CLOSING OF MERGER
-- BVH Now Owns 100% of Bluegreen --
BOCA RATON, Florida -- May 5, 2021 - Bluegreen Vacations Holding Corporation (NYSE: BVH; OTCQX: BVHBB) ("BVH") and Bluegreen Vacations Corporation (NYSE: BXG) ("Bluegreen") announced today that BVH has consummated its acquisition of all of the approximately 7% of the outstanding shares of Bluegreen's Common Stock not previously beneficially owned by BVH pursuant to a statutory, short-form merger under Florida law effected on May 5, 2021. As a result of the merger, Bluegreen has become an indirect, wholly owned subsidiary of BVH, and Bluegreen's shareholders (other than BVH) are entitled to receive 0.51 shares of BVH's Class A Common Stock for each share of Bluegreen's Common Stock that they held at the effective time of the merger. Pursuant to the plan of merger, any fractional share of BVH's Class A Common Stock otherwise resulting from the application of the exchange ratio in the merger will be rounded up to the nearest whole share. As a result of the closing of the merger, Bluegreen's Common Stock will be suspended from trading on the New York Stock Exchange prior to the opening of trading on May 6, 2021 and will no longer be publicly traded.
"As of the close of business today, BVH will own 100% of Bluegreen and BVH will be a "pure play" company in the timeshare space", commented Alan B. Levan, Chairman and Chief Executive Officer of Bluegreen Vacations Holding Corporation. "We believe that going forward this will end confusion in the market as BVH's results will now reflect 100% of Bluegreen's results and will address the inefficiencies of two public companies".
In connection with the merger, BVH's June 2020 Rights Agreement with American Stock Transfer & Trust Company, LLC, as Rights Agent, was amended to expire upon consummation of the merger. As a result, the preferred share purchase rights previously issued under the Rights Agreement have become null and void, and no preferred share purchase rights will be attached to, or otherwise accompany, the shares of BVH's Class A Common Stock to be issued in the merger. BVH is taking steps under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), to de-register the preferred share purchase rights issued under the Rights Agreement and to delist those preferred share purchase rights from the NYSE. These actions to de-register and delist the preferred share purchase rights are simply administrative in nature and will have no effect on BVH's Class
A Common Stock or Class B Common Stock, which will continue to trade on the NYSE and the OTCQX, respectively, and remain registered under the Exchange Act.
About Bluegreen Vacations Holding Corporation: Bluegreen Vacations Holding Corporation (NYSE: BVH; OTCQX: BVHBB) is a Florida-based holding company whose sole investment is its ownership of 100% of Bluegreen Vacations Corporation (NYSE: BXG). For additional information, please visit www.BVHCorp.com.
About Bluegreen Vacations Corporation: Bluegreen is a leading vacation ownership company that markets and sells vacation ownership interests and manages resorts in popular leisure and urban destinations. The Bluegreen Vacation Club is a flexible, points-based, deeded vacation ownership plan with 68 Club and Club Associate Resorts and access to nearly 11,300 other hotels and resorts through partnerships and exchange networks. Bluegreen Vacations also offers a portfolio of comprehensive, fee-based resort management, financial, and sales and marketing services to, or on behalf of, third parties. Bluegreen Vacations Corporation is an indirect, wholly owned subsidiary of Bluegreen Vacations Holding Corporation (NYSE: BVH; OTCQX: BVHBB), a Florida-based holding company. For further information about Bluegreen Vacations Corporation, please visit www.BluegreenVacations.com.
###
Cautionary Note Regarding Forward-Looking Statements: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act. All opinions, forecasts, projections, future plans or other statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements may be identified by the use of words or phrases such as "plans", "believes", "will", "expects", "anticipates", "intends", "estimates", "our view", "we see", "would" and words and phrases of similar import. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties. These risks and uncertainties include, but are not limited to, those relating to the merger described herein, including that the benefits expected from the merger may not be realized to the extent anticipated or at all. The reader should not place undue reliance on any forward-looking statement, which speaks only as of the date made. In addition, past performance may not be indicative of future results. Reference is also made to the risks and uncertainties contained in reports filed by BVH and Bluegreen with the SEC, including the "Risk Factors" sections thereof, which may be viewed on the SEC's website at www.sec.gov. The companies caution that the foregoing factors are not exclusive. Neither company undertakes, and each of them specifically disclaims any obligation to, update or supplement any forward-looking statements.
Bluegreen Vacations Holding Corporation Contact Info:
Investor Relations: Leo Hinkley, Managing Director, Investor Relations Officer
Telephone: 954-399-7193
Email: Leo.Hinkley@BVHcorp.com

text: BLUEGREEN VACATIONS HOLDING CORPORATION

text: BLUEGREEN VACATIONS CORPORATION

text: BVH

text: Bluegreen

text: Bluegreen Vacations Holding Corporation

text: BVH

text: BVH

text: Bluegreen Vacations Corporation

text: Bluegreen

text: BVH

text: Bluegreen

text: BVH

text: Bluegreen

text: BVH

text: Bluegreen

text: BVH

text: BVH

text: Bluegreen

text: BVH

text: Bluegreen

text: BVH

text: Bluegreen

text: BVH

text: Alan B. Levan

text: Bluegreen Vacations Holding Corporation

text: BVH

text: Bluegreen

text: BVH

text: BVH

text: BVH

text: BVH

text: Bluegreen Vacations Holding Corporation

text: Bluegreen Vacations Holding Corporation

text: BVH

text: Bluegreen Vacations Corporation

text: Bluegreen Vacations Corporation

text: Bluegreen

text: Bluegreen

text: Bluegreen Vacations Corporation

text: Bluegreen Vacations Holding Corporation

text: BVH

text: Bluegreen Vacations Corporation

text: BVH

text: Bluegreen

text: Bluegreen Vacations Holding Corporation

text: Leo Hinkley


text:
EX-99.1
3
ea156003ex99-1_steel.htm
PRESS RELEASE DATED FEBRUARY 25, 2022
Exhibit
99.1
Steel
Connect Announces Disposition of IWCO
SMYRNA,
Tenn.⸺ (BUSINESS WIRE)-February 25, 2022 ⸺ Steel Connect, Inc. ("Steel Connect") (NASDAQ: STCN) today
announced the full disposition of its wholly owned subsidiary, IWCO Direct Holdings, Inc. ("IWCO"), to an investor group
led by affiliates of Cerberus Capital Management, L.P. ("Cerberus"), IWCO's senior secured lender.
Beginning
in the second quarter of 2020, with the shutdown of the U.S. economy due to the COVID-19 pandemic, IWCO's business was significantly
and adversely affected by a material reduction in customer mailing activities. Against this background, Steel Connect held extensive
discussions with Cerberus about amending and extending IWCO's credit facility with Cerberus under which there is approximately
$361 million outstanding that matures in December 2022. In addition, Steel Connect's board considered a range of strategic options
to address the impending maturity. In mid-January 2022, it became apparent that it would not be possible to extend or refinance the credit
facility prior to its maturity. In addition, short-term funding under the revolving credit facility became unavailable. As previously
disclosed, IWCO is in the process of implementing a competitive improvement plan ("CIP") intended to address the changing
requirements of its customers and markets. Despite initial favorable outcomes and improving prospects from the CIP, Steel Connect was
unable to identify alternatives to refinance IWCO's indebtedness given the magnitude of that indebtedness relative to the performance
of IWCO's business.
In
light of these developments, the board of Steel Connect determined that it was in the best interests of Steel Connect's
shareholders to pursue an orderly and consensual disposition of IWCO to the Cerberus-led investor group. Although the board
considered other alternatives for IWCO, the board concluded that such alternatives would not be viable. Steel Connect did not
receive any cash consideration from the Cerberus-led investor group in exchange for the disposition of IWCO.
Steel
Connect will have no net debt following the disposition of IWCO. ModusLink Corporation, Steel Connect's other operating unit, is
unaffected by the disposition of IWCO.
Houlihan
Capital served as financial advisor to Steel Connect, Inc. in connection with the transaction. White & Case LLP served as counsel
to Steel Connect, Inc. and Brown Rudnick LLP served as counsel to IWCO Direct Holdings, Inc. in connection with the transaction.
###
Contacts
Investor Relations
Jennifer Golembeske
914-461-1276
investorrelations@steelconnectinc.com

text:
Steel
Connect

text: IWCO

text: Steel Connect, Inc.

text: Steel Connect

text: IWCO Direct Holdings, Inc.

text: IWCO

text: Cerberus Capital Management, L.P.

text: Cerberus

text: IWCO

text: IWCO

text: Steel Connect

text: Cerberus

text: IWCO

text: Cerberus

text: Steel Connect

text: IWCO

text: Steel Connect

text: IWCO

text: IWCO

text: Steel Connect

text: Steel Connect

text: IWCO

text: Cerberus

text: IWCO

text: Steel Connect

text: Cerberus

text: IWCO

text:
Steel
Connect

text: IWCO

text: Steel Connect

text: IWCO

text:
Houlihan
Capital

text: Steel Connect, Inc.

text: White & Case LLP

text: Steel Connect, Inc.

text: Brown Rudnick LLP

text: IWCO Direct Holdings, Inc.


text:
EX-99.1
2
exh99-1_17305.htm
PRESS RELEASE
exh99-1_17305.htm
EXHIBIT 99.1
DATAWATCH COMPLETES PURCHASE OF MONARCH INTELLECTUAL PROPERTY
Chelmsford, Mass. - March 30, 2012
-
Datawatch Corporation
(NASDAQ-CM:DWCH), the leading global provider of
report analytics
products and services, today announced that it has completed the previously announced purchase of the intellectual property underlying its Monarch Report Analytics platform from Raymond Huger, d/b/a Math Strategies.
The $8.5 million purchase was funded through the combination of a $4.0 million subordinated note with warrants from Massachusetts Capital Resource Company, $1.5 million of a $2.0 million working capital loan from Silicon Valley Bank and Datawatch's cash balances. The transaction is expected to be accretive from a cash point of view as the savings in royalty payments should exceed the cash interest and additional costs. From an earnings perspective, the amortization of the intellectual property purchase and the non-cash interest expense from the warrants will result in an annual non-cash charge to earnings of $1.8 million during the 5 year amortization period of the intellectual property..
Michael A. Morrison, president and CEO of Datawatch, said, "We are very pleased to have completed this important transaction, which will provide us with the needed financial, marketing and technological flexibility to pursue our business strategy going forward".
About Datawatch Corporation
Datawatch Corporation (NASDAQ-CM:
DWCH
) empowers organizations to transform the massive amounts of valuable information that is trapped in static reports, PDF files, HTML and other content-rich, but difficult-to-use data sources, into a dynamic information analytics system that accelerates and improves decision-making throughout their operations. Datawatch's technology allows its more than 40,000 customers worldwide to leverage the investments they have made in reports from ERP, CRM and other custom applications into a high performance analytic information system at a fraction of the cost and time of traditional approaches. Datawatch is
headquartered in Chelmsford, Massachusetts with offices in London, Munich, Sydney and Manila, with partners and customers in more than 100 countries worldwide. For more information, visit
www.datawatch.com
.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any such statements, including but not limited to those relating to results of operations, contained herein are based on current expectations, but are subject to a number of risks and uncertainties that may cause actual results to differ materially from expectations. The factors that could cause actual future results to differ materially from current expectations include the following: risks associated with the continuing weak global economy; risks associated with fluctuations in quarterly operating results due,
among other factors, to the size and timing of large customer orders; the volatility of Datawatch's stock price; limitations on the effectiveness of internal controls; rapid technological change; Datawatch's dependence on the introduction of new products and possible delays in those introductions; competition in the software industry; Datawatch's dependence on its principal products; proprietary software technology and software license agreements; risks associated with international sales; risks associated with indirect distribution channels; the adequacy of Datawatch's sales returns reserve; risks associated with a subscription sales model; risks associated with acquisitions; Datawatch's dependence on its ability to hire and retain skilled personnel; disruption or failure of Datawatch's technology systems that may result from a natural disaster, cyber-attack or other catastrophic
event; and uncertainty and additional costs that may result from evolving regulation of corporate governance and public disclosure. Further information on factors that could cause actual results to differ from those anticipated is detailed in various publicly-available documents, which include, but are not limited to, filings made by Datawatch from time to time with the Securities and Exchange Commission, including but not limited to, those appearing in the Company's Annual Report on Form 10-K for the year ended September 30, 2011 and Form 10-Q for the quarter ended December 31, 2011. Any forward-looking statements should be considered in light of those factors.
###
Investor Contact
Media Contact
Datawatch Investor Relations
Kelley Lynn Kassa
Datawatch Corp.
Datawatch Corp.
978-275-8323
978-275-8240
investor@datawatch.com
Kelley_kassa@datawatch.com
© 2012 Datawatch Corporation. Datawatch, Monarch and their respective logos are trademarks or registered trademarks of Datawatch Corporation in the United States and/or other countries. All other names are trademarks or registered trademarks of their respective companies.

text: DATAWATCH

text: MONARCH INTELLECTUAL PROPERTY

text: Datawatch Corporation

text: Monarch Report Analytics

text: Raymond Huger, d/b/a Math Strategies

text: Datawatch

text: Michael A. Morrison

text: Datawatch

text: Datawatch Corporation

text: Datawatch Corporation

text: Datawatch

text: Datawatch

text: Datawatch

text: Datawatch

text: Datawatch

text: Datawatch

text: Datawatch

text: Datawatch

text: Datawatch

text: Datawatch

text: Datawatch

text: Datawatch

text: Datawatch Corporation

text: Datawatch

text: Datawatch Corporation


text:
EX-99
2
restructuring122706.htm
EXHIBIT TO RESTRUCTURING 8K
For Release:
IMMEDIATELY
Exhibit 99
Contact:
Stephen F. Carman, VP/Treasurer
(609) 631-6222 or
carmans@ynb.com
Leonardo G. Zangani
(908) 788- 9660 or
office@zangani.com
YNB's website
www.ynb.com
Investor Relations website
www.zangani.com
YNB ANNOUNCES BALANCE SHEET RESTRUCTURING
Hamilton, N.J...December 27, 2006.... Yardville National Bancorp (NASDAQ: YANB)
today announced the restructuring of a portion of its balance sheet. The restructuring of the balance sheet is intended to enhance the company's net interest margin and improve earnings in 2007 and beyond while allowing YNB to maintain a sound interest rate risk and liquidity position. To achieve these results, YNB sold lower yielding securities and used the proceeds to retire higher fixed rate Federal Home Loan Bank (FHLB) advances.
It is projected that the restructuring will result in a charge to fourth quarter 2006 earnings of approximately $12.9 million after tax, or $1.13 per diluted share. The realized loss is expected to have less of an impact on stockholders' equity, as the market value of the underlying securities had already been reflected in stockholders' equity at September 30, 2006. The balance sheet restructuring is expected to produce enhancements in net interest margin, return on assets, return on equity, and earnings per share.
The restructure consisted primarily of the following transactions:
.
Sale of $295.0 million of securities, principally callable and non-callable agency bonds, with an average
yield of 4.46%.
.
Retirement of $320.0 million in FHLB advances, at an average rate of 5.84%.
.
Replacing $100.0 million in FHLB advances at an average rate of 5.59% with FHLB advances at an
average rate of 4.05%.
YNB Chief Financial Officer Stephen F. Carman explained the significance of the restructuring, noting "the improvement to YNB's net interest margin, in 2007 and beyond, is particularly important in the current interest rate environment. These changes to our balance sheet should generate higher returns in future quarters", he said.
"We anticipate the market challenges we currently face - the inverted yield curve, increasing funding costs, and a competitive loan origination environment - will continue in 2007", added YNB Chief Executive Officer Patrick M. Ryan. "We will meet these challenges as we continue to execute our retail banking strategy, emphasizing personal relationships in an expanding geographic marketplace. The YNB management team believes that these initiatives will strengthen our balance sheet and enable us to meet the competitive challenges of the future", Mr. Ryan concluded.
YNB currently has thirty-two branches serving individuals and businesses in Mercer, Hunterdon, Somerset, Burlington, Middlesex and Ocean Counties in New Jersey, and Bucks County, Pennsylvania. Located in the dynamic business corridor between New York City and Philadelphia, YNB offers a broad range of lending, deposit and other financial products and services as well as the convenience of website banking at ynb.com 24 hours a day, 7 days a week.
Note regarding forward-looking statements
This press release and other statements made from time to time by our management contain express and implied statements relating to our future financial condition, results of operations, plans, objectives, performance, and business, which are considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These may include statements that relate to, among other things, profitability, liquidity, adequacy of the allowance for loan losses, plans for growth, interest rate sensitivity, market risk, regulatory compliance, and financial and other goals. Although we believe that the expectations reflected in such forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be achieved. Actual results may differ materially from those expected or implied as a result of certain risks and uncertainties, including,
but not limited to, the results of our efforts to implement our retail strategy, adverse changes in our loan portfolio and the resulting credit risk-related losses and expenses, interest rate fluctuations and other economic conditions, our ability to attract core deposits, continued relationships with major customers, competition in product offerings and product pricing, adverse changes in the economy that could increase credit-related losses and expenses, adverse changes in the market price of our common stock, proxy contests and litigation, compliance with laws and regulatory requirements, including our agreement with the Office of the Comptroller of the Currency and NASDAQ standards, and other risks and uncertainties detailed from time to time in our filings with the Securities and Exchange Commission, as well as other risks and uncertainties detailed from time to time in statements made by our management. The company assumes no obligation to update or supplement
forward-looking statements that become untrue because of subsequent events.
L.G. Zangani, LLC provides financial public relations services to the Company. As such, L.G. Zangani, LLC and/or its officers, agents and employees, receives remuneration for public relations and/or other services performed for the Company. This remuneration may take the form of cash, capital stock in the Company, or warrants and/or options to purchase stock in the Company.

text: Stephen F. Carman

text: YNB

text: YNB

text: Yardville National Bancorp

text: YNB

text: YNB

text: YNB

text: Stephen F. Carman

text: YNB

text: YNB

text: YNB

text: YNB

text: YNB


text:
EX-99.1
2
a5454054ex99-1.txt
EXHIBIT 99.1
Exhibit 99.1
Mace Closes Transaction to Purchase Growing Online & Digital Media
Services Company, Linkstar Interactive
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--July 23, 2007--Mace
Security International, Inc. ("Mace" or the "Company") (Nasdaq Global:
MACE) today announced that it has completed the previously announced
acquisition of Linkstar Interactive ("Linkstar") on July 20, 2007.
Linkstar is a growing and profitable online and digital marketing
company, devoted to bringing proprietary unique consumer goods and
services to a wide audience in an e-commerce environment. Linkstar has
two business units: (1) PromoPath, an online affiliate marketing
business providing digital marketing services to advertising clients;
(2) and the E-Commerce Product Division, a direct response product
business that develops consumer products, and markets and sells them
on the Internet.
The acquisition of Linkstar will enable Mace to actively expand
the marketing of its security products through online channels. This
acquisition also positions Mace with a presence in the online and
digital media services industry. The Company will immediately begin
developing a new online digital marketing campaign for its innovative
less-than-lethal Pepper Gel(TM) personal defense product and several
consumer surveillance products. Mace will also focus on the continued
growth of Linkstar's two business units.
Before approving the transaction, Mace's Board of Directors
obtained an opinion from SMH Capital, Inc., investment bankers, that
the acquisition was fair, from a financial point of view, to Mace. SMH
Capital, Inc. is a subsidiary of Sanders Morris Harris Group, Inc., a
Nasdaq-listed public company.
About Linkstar
Linkstar's management has over 20 years of combined experience in
the e-commerce, online and digital media industries.
Linkstar is a growing and profitable private online and digital
marketing company. For the trailing 12 months, Linkstar reported sales
of approximately $18.0 million (last twelve months). Linkstar projects
that it will generate approximately $24 million in annual sales in
2007. PromoPath represented approximately 78% of Linkstar's total
revenue during the first six months of 2007, and Linkstar's e-commerce
product sales represented approximately 22% of Linkstar's total
revenue during the first six months of 2007.
1. PromoPath: The PromoPath division (www.promopath.com) is an online
affiliate marketing company that drives customer acquisitions for
advertising clients on the PromoNetwork using the cost-per-action
model. PromoPath helps companies create highly effective
performance-driven marketing campaigns and provides design, brand
and technical support services in order to achieve those goals.
PromoPath also provides services for search engine optimization
and strategic online banner placement.
a. PromoPath is partnered with many of the largest publishers to
deliver significant reach across many areas of interactive
media. PromoPath's advertising clients are typically established
direct-response advertisers with well-recognized brands and
broad consumer appeal.
2. E-Commerce Product Division: This division is a direct response
product business that develops consumer products, and markets and
sells them on the internet. This division uses the PromoPath
platform to market these products. One of the current product
lines is called Synergy Life Sciences, which includes products
such as: Vioderm(TM), an anti-wrinkle skin care product
(www.vioderm.com) and Purity by Mineral Science(TM), a mineral
foundation cosmetic (www.mineralscience.com).
Linkstar has offices in Pittsburgh, Pennsylvania and San
Francisco, California. Linkstar's Web site is www.linkstarcorp.com.
Mace will conduct a conference call on Thursday, July 26, 2007 at
1:00 p.m. EDT. The toll free conference call number is (888) 751-6352,
and the international conference call number is (706) 902-1438,
conference ID: 10816680. There will be access to a tape recording of
the teleconference by calling (800) 642-1687 and entering the
conference ID: 10816680. This will be available after the
teleconference from 5:00 PM EDT, Thursday, July 26, 2007 through 5:00
p.m. EDT, Thursday, August 9, 2007. In addition, a live webcast of the
conference call will be available online at www.mace.com. A recording
of the teleconference will also be available on the Company's Web site
through August 15, 2007.
During the conference call, management will conduct a presentation
about Mace and Linkstar. The presentation will be available for
download on the Company's Web site, www.mace.com, on Thursday morning,
July 26, 2007.
Mace Security International, Inc. is a manufacturer of electronic
surveillance, security and personal defense products, and an owner and
operator of car and truck wash facilities. Additional information
about Mace is available at www.mace.com.
Certain statements and information included in this press release
constitute "forward-looking statements" within the meaning of the
Federal Private Securities Litigation Reform Act of 1995. When used in
this press release, the words or phrases "will likely result", "are
expected to", "will continue", "is anticipated", "estimate,"
"projected", "intend to" or similar expressions are intended to
identify "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. Such statements are
subject to certain risks, known and unknown, and uncertainties,
including but not limited to economic conditions, dependence on
management, dilution to shareholders, limited capital resources, the
effects of weather on the demand for car care services, the effects of
rapid growth on Mace and the ability of management to effectively
respond to that growth, our ability to achieve operating synergies,
our ability to compete against established competitors, regulatory
matters, the effects of competition, our ability to obtain additional
financing and the ability to successfully integrate Linkstar, the
ability of Linkstar's management to leverage Mace's offline logistics
expertise and its ability to complete the development and secure
market acceptance of new proprietary products. Such factors could
materially adversely affect Mace's financial performance and could
cause Mace's actual results for future periods to differ materially
from any opinions or statements expressed within this press release.
Additional discussion of factors that could cause actual results to
differ materially from management's projections, forecasts, estimates
and expectations are contained under the heading "Risk Factors" in
Mace's SEC filings, including its registration statements and its
periodic reports on Form 10-K and Form 10-Q. This press release should
be read in conjunction with the financial statements and notes
contained in Mace's annual reports on Form 10-K and quarterly reports
on Form 10-Q.
CONTACT: Mace Security International, Inc., Fort Lauderdale
Eduardo Nieves, Jr., Vice President, Marketing &
Investor Relations
954-449-1313
www.mace.com

text: Linkstar Interactive

text:
Mace
Security International, Inc.

text: Linkstar Interactive

text: Linkstar

text: Linkstar

text: Linkstar

text: Linkstar

text: Linkstar

text: Linkstar

text: Linkstar

text: Linkstar

text: Linkstar

text: Linkstar

text: Linkstar

text: Linkstar

text: Linkstar

text: Linkstar

text: Linkstar

text: Linkstar

text: Mace Security International, Inc.

text: Linkstar

text: Linkstar

text: Mace Security International, Inc.


text:
EX-99.1
6
exhibit99_1.htm
PRESS RELEASE 9-23-05
Press Release 9-23-05
FOR
IMMEDIATE RELEASE
Contact:
Jennifer
Stevens
(502)
638-3917 (office)
(502)
262-2929 (mobile)
jstevens@kyderby.com
Contact:
Adam Alberti
(415)
227-9700 (office)
(415)
225-2443 (cellular)
adam@singersf.com
CHURCHILL
DOWNS INCORPORATED COMPLETES SALE OF
HOLLYWOOD
PARK TO BAY MEADOWS LAND COMPANY
LOUISVILLE,
Ky. (Sept. 23, 2005) -
Churchill
Downs Incorporated ("CDI" or "Company") (Nasdaq: CHDN) and Bay Meadows Land
Company LLC ("BMLC") today announced that CDI has completed the sale of
Hollywood Park racetrack and surrounding acreage at the Inglewood, Calif.,
site
to Hollywood Park Land Company ("HPLC"), an affiliate of BMLC, for $257.5
million. CDI will use proceeds from the sale to pay down debt.
The
$260
million sale price announced on July 6 was reduced at closing by $2.5 million
to
cover the costs of addressing certain physical conditions at the
property.
Over
the
next three years, CDI will distribute the Hollywood Park simulcast signal
through its Churchill Downs Simulcast Network ("CDSN"). CDSN will also
distribute the simulcast signal for BMLC's racetrack in Northern California, Bay
Meadows. CDI will have an option to reinvest in Hollywood Park should
significant gaming activities become available at Hollywood.
CDI
acquired Hollywood Park in September 1999 for $140 million from Hollywood Park
Inc., which now does business as Pinnacle Entertainment Inc. Since that time,
CDI has operated two race meets annually on the 238-acre site and leased space
to Pinnacle Entertainment for the operation of a card club.
Hollywood
Park Racing Association ("HPRA"), the HPLC affiliate that will conduct racing
operations, has received racing dates from the California Horse Racing Board
and
will offer 97 days of live racing at Hollywood Park in 2006, subject to the
completion of further licensing requirements. HPRA has committed to continuing
live racing at Hollywood Park for a minimum of three years and will aggressively
pursue legislative changes to improve economic conditions for the horse racing
industry in California. HPLC will also seek entitlements from the City of
Inglewood to permit alternative uses for the current Hollywood Park racetrack
site, in the event that efforts to seek authorization for expanded gaming
activities at California racetracks are unsuccessful.
Hollywood
Park is located 11 miles southwest of downtown Los Angeles and three miles
from
Los Angeles International Airport. The racetrack offers live racing during
traditional spring/summer and autumn meets. Hollywood Park will conduct its
2005
Autumn Meet from Nov. 9 through Dec. 19. The racetrack also conducts simulcast
wagering on site when it is not offering live racing. Information about
Hollywood Park is available via the Internet at www.hollywoodpark.com.
Hollywood
Park Land Company, LLC and Hollywood Park Racing Association are affiliates
of
Bay Meadows Land Company, the owner and operator of the Bay Meadows Racetrack
in
San Mateo, Calif., and developer of Park Place, an award-winning mixed-use
development that was built on a 79-acre portion of the Bay Meadows site that
previously encompassed a stable area and training track. Bay Meadows Land
Company has its principal office at 1200 Park Place in San Mateo, Calif., 94403,
and is owned by Stockbridge Real Estate Fund, LP, a privately owned investment
partnership (www.sbfund.com).
Churchill
Downs Incorporated, headquartered in Louisville, Ky., owns and operates
world-renowned horse racing venues throughout the United States. CDI's six
racetracks in Florida, Illinois, Indiana, Kentucky and Louisiana host many
of
North America's most prestigious races, including the Kentucky Derby and
Kentucky Oaks, Arlington Million and Louisiana Derby. CDI racetracks have hosted
nine Breeders' Cup World Thoroughbred Championships - more than any other North
American racing company. CDI also owns off-track betting facilities and has
interests in various television production, telecommunications and racing
services companies that support CDI's network of simulcasting and racing
operations. CDI trades on the Nasdaq National Market under the symbol CHDN
and
can be found on the Internet at www.churchilldownsincorporated.com.
This
news release contains forward-looking statements made pursuant to the "safe
harbor" provisions of the Private Securities Litigation Reform Act of 1995.
The
reader is cautioned that such forward-looking statements are based on
information available at the time and/or management's good faith belief with
respect to future events, and are subject to risks and uncertainties that could
cause actual performance or results to differ materially from those expressed
in
the statements. Forward-looking statements speak only as of the date the
statement was made. We assume no obligation to update forward-looking
information to reflect actual results, changes in assumptions or changes in
other factors affecting forward-looking information. Forward-looking statements
are typically identified by the use of terms such as "anticipate,"
"believe", "could", "estimate", "expect,"
"intend", "may", "might", "plan", "predict,"
"project,""should,""will", and similar words, although some forward-looking
statements are expressed differently. Although we believe that the expectations
reflected in such forward-looking statements are reasonable, we can give no
assurance that such expectations will prove to be correct. Important factors
that could cause actual results to differ materially from our expectations
include: the effect of global economic conditions; the effect (including
possible increases in the cost of doing business) resulting from catastrophic
weather conditions, future war and terrorist activities or political
uncertainties; the economic environment; the impact of increasing insurance
costs; the impact of interest rate fluctuations; the effect of any change in
the
Company's accounting policies or practices; the financial performance of our
racing operations; the impact of gaming competition (including lotteries and
riverboat, cruise ship and land-based casinos) and other sports and
entertainment options in those markets in which we operate; the impact of live
racing day competition with other Florida and Louisiana racetracks within those
respective markets; costs associated with our efforts in support of alternative
gaming initiatives; costs associated with our Customer Relationship Management
initiatives; a substantial change in law or regulations affecting our
pari-mutuel and gaming activities; a substantial change in allocation of live
racing days; litigation surrounding the Rosemont, Illinois, riverboat casino;
changes in Illinois law that impact revenues of racing operations in Illinois;
a
decrease in riverboat admissions subsidy revenue from our Indiana operations;
the impact of an additional Indiana racetrack and its wagering facilities near
our operations; our continued ability to effectively compete for the country's
top horses and trainers necessary to field high-quality horse racing; our
continued ability to grow our share of the interstate simulcast market; our
ability to execute our acquisition strategy and to complete or successfully
operate planned expansion projects; our ability to successfully complete any
divestiture transaction; our ability to adequately integrate acquired
businesses; market reaction to our expansion projects; any business disruption
associated with our facility renovations; the loss of our totalisator companies
or their inability to provide adequate reliance on their internal control
processes through SAS 70 reports or to keep their technology current; the need
for various alternative gaming approvals in Louisiana; our accountability for
environmental
contamination;
the loss of key personnel; the ability to resume normal operations in Louisiana;
and the volatility of our stock price.

text:
CHURCHILL
DOWNS INCORPORATED

text: BAY MEADOWS LAND COMPANY

text:
Churchill
Downs Incorporated

text:
Bay Meadows Land
Company LLC

text: BMLC

text: Hollywood Park Land Company

text: BMLC

text: BMLC

text:
Hollywood
Park Land Company

text: Bay Meadows Land Company

text:
Bay Meadows Land
Company

text:
Churchill
Downs Incorporated


text:
EX-99.1
3
l25622aexv99w1.htm
EXHIBIT 99.1
exv99w1
Exhibit 99.1
For Immediate Release
April 11, 2007
GIBRALTAR COMPLETES ACQUISITON OF THE ASSETS OF
NORWESCO, NOLL MANUFACTURING, AND M&N PLASTICS
BUFFALO, NEW YORK (April 11, 2007) - Gibraltar Industries, Inc. (NASDAQ: ROCK) today
announced that it completed the purchase of the assets of NorWesCo, Noll Manufacturing, and M&N
Plastics from The Employee Ownership Holding Company, which is wholly owned by the Employee
Ownership Holding Company Employee Stock Ownership Plan and Trust.
The companies, which have annual sales of approximately $60 million, operate manufacturing
facilities in Fife, Washington; Portland, Oregon; and Stockton, California. With a history that
dates back to 1936, they manufacture more than 4,000 products that serve the building, HVAC, and
lawn and garden markets. They sell to leading retailers, building product distributors,
roofing/concrete distributors, lumber yards, and contractors.
Gibraltar Industries is a leading manufacturer, processor, and distributor of products for the
building, industrial, and vehicular markets. The company serves a large number of customers in a
variety of industries in all 50 states and throughout the world. It has approximately 4,000
employees and operates 89 facilities in 26 states, Canada, China, England, Germany, Mexico, and
Poland. Gibraltar's common stock is a component of the S&P SmallCap 600 and the Russell 2000
®
Index.
Information contained in this release, other than historical information, should be considered
forward-looking, and may be subject to a number of risk factors, including: general economic
conditions; the impact of the availability and the effects of changing raw material prices on the
Company's results of operations; energy prices and usage; the ability to pass through cost
increases to customers; changing demand for the Company's products and services; risks associated
with the integration of acquisitions; and changes in interest or tax rates.
-30-
CONTACT: Kenneth P. Houseknecht, Vice President of Communications and Investor
Relations, at 716/826-6500,
khouseknecht@gibraltar1.com
.
Gibraltar's news releases, along with comprehensive information about Gibraltar, are
available on the Internet, at
http://www.gibraltar1.com
.

text: GIBRALTAR

text: Gibraltar Industries, Inc.

text: The Employee Ownership Holding Company

text:
the Employee
Ownership Holding Company

text: Gibraltar

text: Kenneth P. Houseknecht

text: Gibraltar

text: Gibraltar


text:
EX-99.1
4
v066493_ex99-1.htm
Press
Release
deltathree
Acquires Assets of Go2Call
deltathree
Expands Its Network of VoIP Service Providers and Consumers
Worldwide
New
York, NY - February 20, 2007
-
deltathree, Inc. (NASDAQ: DDDC),
a
leading provider of SIP-based Voice over Internet Protocol (VoIP) solutions
for
service providers and consumers worldwide, today
announced that it acquired the service provider and consumer businesses of
Go2Call.com, Inc., a privately-held U.S.-based VoIP solutions provider.
deltathree signed a definitive agreement to purchase these businesses from
Go2Call on February 17, 2007. The transaction closed on February 19, 2007.
Under
the
terms of the agreement, deltathree acquired Go2Call's consumer and service
provider businesses as well as key components of their regional infrastructure
worldwide. With the addition of Go2Call's customer accounts, deltathree
strengthens its service provider and consumer channels while expanding its
presence to new regions of the world.
The
consideration for this transaction includes a combination of cash and shares
of
deltathree, Inc. common stock. deltathree has provided registration rights
for
the registration of the shares of common stock issued in this transaction.
Pursuant to these registration rights, deltathree is obligated to file a
registration statement within 75 days after February 19, 2007. Additional
details regarding the transaction will be disclosed by deltathree in its filing
of a Current Report on Form 8-K with the U.S. Securities and Exchange
Commission.
deltathree
anticipates this acquisition will have a positive impact on its fiscal 2007
consolidated revenues and earnings. deltathree expects to achieve synergies
from
gaining this customer base as well as long-term revenue growth and earnings
accretion.
"This
acquisition of Go2Call's service provider and consumer VoIP businesses
represents a complementary match with deltathree's core strategic positioning
and offers another distinct path to drive revenue and earnings parallel to
our
organic growth initiatives", stated Shimmy Zimels, deltathree's President and
CEO. "The agreement is a win-win for deltathree, Go2Call and their clients.
Through the businesses and infrastructure acquired in this transaction,
deltathree expands its presence to new regions of the world with a fortified
network. deltathree in turn, will continue to provide Go2Call's established
clients with the quality and service they have come to expect. With over a
decade of expertise in the industry and a comprehensive strategy for growth,
deltathree will provide these new clients with a smooth transition that allows
them to continue to enjoy the flexibility and value of VoIP communications
without interruption".
Go2Call
was founded in 1998 and is headquartered in Evanston, Illinois. Go2Call has
been
internationally recognized in the development and deployment of hosted VoIP
solutions. It has provided its VoIP services and solutions to more than 200
service providers in nearly 100 countries around the world.
About
deltathree
Founded
in 1996, deltathree, Inc. is a leading provider of integrated Voice over
Internet Protocol (VoIP) telephony services, products, hosted solutions and
infrastructure. deltathree offers high quality Internet telephony solutions
that
are viable and cost-effective alternatives to traditional telephone services.
Supporting hundreds of thousands of active users around the world, deltathree
serves customers through its two primary distribution channels: the Service
Provider / Reseller channel and the iConnectHere
direct-to-consumer channel. deltathree's advanced solutions offer service
providers and resellers a full spectrum of private label VoIP products and
services, as well as a back-office suite of services. Utilizing advanced Session
Initiation Protocol (SIP) technology, deltathree provides all the components
to
support a complete VoIP service deployment including: project planning and
implementation, network management, soft switch applications, a variety of
VoIP
hardware devices, web development, management tools and a full suite of back
office services. iConnectHere,
deltathree's direct-to-consumer offering, provides award-winning VoIP products
directly to consumers and small businesses online using the same primary
platform.
Page
1 of 2
For
more
information about deltathree, please visit www.deltathree.com.
About
Go2Call.com
Recognized
worldwide as a leader in the VoIP industry, Go2Call delivers turnkey VoIP
solutions that meet the diverse needs of service providers, including
PTTs/Telecom Carriers, ISPs/Broadband Providers and Licensed VoIP Operators.
The
award-winning Go2Call Platform enables customers to provide powerful and
lucrative VoIP services while building brand equity and reducing implementation
costs and time frames.
For
more
information about Go2Call, please visit www.go2call.com.
Forward
Looking Statements
Except
for historical matters contained herein, the matters discussed in this press
release are forward-looking and are made pursuant to the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995. Investors are cautioned
that these forward-looking statements reflect numerous assumptions and involve
risks and uncertainties that may affect deltathree's business and prospects
and
cause actual results to differ materially from these forward-looking statements,
including expectation relating to our acquisition of the assets from Go2Call
and
expected synergies. Some of the important factors that could cause our results
to differ include the following: our failure to (1) successfully integrate
Go2Call assets and certain employees into our business and achieve expected
synergies, (2) retain key customers and (3) retain certain employees. A number
of other risks that may impact our business are included in our Form 10-K for
fiscal 2005 and in subsequent Forms 10-Q, and other SEC filings. You can locate
these reports through our website at
www.deltathree.com/investors_overview.aspx.
Except as required under the federal securities laws and the rules and
regulations of the SEC, deltathree does not have any intention or obligation
to
update publicly any forward-looking statements after the distribution of this
news release, whether as a result of new information, future events, changes
in
assumptions, or otherwise.
Investor Relations
Contact:
Media Relations
Contact:
Erik Knettel
Susan Park
The Global Consulting Group
deltathree, Inc.
(646) 284-9415
(212) 500-4836
ir@deltathree.com
pr@deltathree.com
Page
2 of 2

text: deltathree

text: deltathree

text: deltathree

text: deltathree

text: deltathree

text: deltathree

text: deltathree

text: deltathree

text: deltathree

text: deltathree

text: deltathree

text: deltathree

text: deltathree

text: deltathree

text: deltathree

text: deltathree

text: deltathree

text: deltathree

text: deltathree

text: deltathree

text: deltathree

text: deltathree

text: deltathree

text: deltathree

text: deltathree

text: deltathree

text: deltathree

text: deltathree

text: deltathree


text:
EX-99.1
2
e00461_ex99-1.htm
ACRE Realty Investors Inc. Announces Closing of Sale Contract of North Springs Land in Fulton
County, Georgia
NEW YORK, December 21, 2015 / PRNewswire/ - ACRE Realty Investors Inc. (NYSE MKT: AIII) (the "Company") announces that,
on December 17, 2015, it closed the previously announced sale of its North Springs land parcel for a sale price of $12,000,000.
On August 20, 2015, the Company filed a Current Report on Form 8-K to report that, through the Company's operating partnership,
ACRE Realty LP, the Company entered into a sale contract with Maple Multi-Family Land SE, L.P., a Delaware limited partnership
("Maple"), pursuant to which the Company agreed to sell, and Maple agreed to purchase, subject to the conditions in the contract,
the Company's North Springs land consisting of approximately 9.696 acres of real property in Sandy Springs, Fulton County,
Georgia (the "North Springs Land").
The North Springs Land was one of the four legacy properties that was acquired prior to the recapitalization transaction
with A-III Investment Partners LLC. As described in our most recent Quarterly Report on Form 10-Q, the Company is in the process
of selling its legacy properties.
The above description of the closing and related matters is only a summary, and you are encouraged to read the Company's
Current Report on Form 8-K, which the Company intends to file shortly after this press release is issued and which will be
available free of charge at the SEC's website at www.sec.gov.
Additional information about the Company, including links to SEC filings, is available on the Company's website at www.acrerealtyinvestors.com.
In addition, you may contact the Company at 212-878-3504.
Source: ACRE Realty Investors Inc.

text: ACRE Realty Investors Inc.

text: ACRE Realty Investors Inc.

text: Maple Multi-Family Land SE, L.P.

text: Maple

text: Maple

text: ACRE Realty Investors Inc.


text:
EX-99.1
4
nc10009016x1_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
Contact
:
Trans World Entertainment
Edwin Sapienza
Chief Financial Officer
(518) 452-1242
Financial Relations Board
Marilynn Meek
(mmeek@frbir.com)
(212) 827-3773
38 Corporate Circle
Albany, NY 12203
www.twec.com
NEWS RELEASE
PRESS RELEASE
Trans World Entertainment Corporation
Announces Closing of the Sale of its FYE Segment and
Entry into a Credit Facility for its etailz Segment
ALBANY, NY (February 20, 2020) - Trans World Entertainment (Nasdaq - TWMC, "TWEC" or the "Company")
announced today that it has closed the previously-announced sale of
substantially all of the assets constituting its For Your Entertainment ("FYE") segment to a subsidiary of Sunrise Records and Entertainment Ltd. ("Sunrise"), the parent of Sunrise Records in Canada and HMV Records in the United Kingdom, for $10
million in cash, subject to net inventory and other adjustments, plus the assumption of certain liabilities (the "Transaction").
The Transaction was unanimously approved by the Company's board of directors on January 23, 2020, and was approved by more than two-thirds of the Company's shareholders at a
special shareholders meeting held on February 17, 2020. All of the proceeds from the Transaction were used to repay outstanding indebtedness and to satisfy other unassumed liabilities.
Going forward,
the Company
plans to focus on the operation of its wholly owned subsidiary, etailz, Inc., which has today
entered into a loan and security agreement with Encina Business Credit, LLC of up to $25 million. The facility will be primarily used to provide capital for etailz to
achieve its growth goals, which includes further developing its software
and services offerings, supporting inventory expansion, and expanding into new marketplaces and geographies
.
Michael Feurer, Trans World's CEO, stated "The sale of our FYE segment has put our stores and employees in the best position to continue forward and build upon an almost 50 year legacy. With respect to etailz, we
believe marketplace selling, technology, and advertising have never been more important to global retailing. The securing of the credit facility for etailz is a positive and important first step to support the growth of etailz, which will remain our
focus for the future".
About etailz
etailz is a leading online marketplace retail expert, service, and software provider that uses a data driven approach to digital marketplace retailing. Through the use of proprietary software and e-commerce insight,
etailz identifies new distributors and wholesalers, isolates emerging product trends, and optimizes price positioning and inventory purchasing decisions. A leading Amazon marketplace retailer that partners with brands and employs advanced technology
and strategies to grow sales both domestically and internationally, etailz also partners with companies to expand their brand on eBay, Jet and Walmart.
Cautionary Statement Regarding Forward-Looking Statements
This document includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Certain statements in this communication are forward-looking statements. The statements
contained in this document that are not statements of historical fact may include forward-looking statements that involve a number of risks and uncertainties.
We have used the words "anticipate", "believe", "could", "estimate", "expect", "intend", "may", "plan", "predict", "project", and similar terms and phrases, including references to assumptions, in this document to
identify forward-looking statements. These forward-looking statements are made based on management's expectations and beliefs concerning future events and are subject to uncertainties and factors that could cause actual results to differ materially
from the results expressed in the statements. The following factors are among those that may cause actual results to differ materially from the Company's forward-looking statements: the risk that the Transaction may adversely affect the Company's
business and the price of the Company's common stock; the effect of the closing of the Transaction on the Company's business relationships, operating results and business generally; risks that the Transaction disrupts current plans and operations and
the potential difficulties in employee retention as a result of the Transaction; the outcome of any legal proceedings that may be instituted against the Company related to the Transaction; unexpected costs, charges, expenses, or liabilities relating
to the Transaction; the Company's ability to operate as a going-concern following the closing of the Transaction; and other risks described in the Company's filings with the SEC, such as its Quarterly Reports on Form 10-Q and Annual Reports on Form
10-K.
The reader should keep in mind that any forward-looking statement made by us in this document, or elsewhere, pertains only as of the date on which we make it. New risks and uncertainties come up from time-to-time and
it's impossible for us to predict these events or how they may affect us. In light of these risks and uncertainties, you should keep in mind that any forward-looking statements made in this document or elsewhere might not occur.

text: Trans World Entertainment

text: Edwin Sapienza

text: Trans World Entertainment Corporation

text: FYE Segment

text: Trans World Entertainment

text: For Your Entertainment

text: FYE segment


text:
EX-99
3
ex_99-1.txt
Exhibit 99.1
IA GLOBAL SUBSIDIARY, REX TOKYO, ESTABLISHES JOINT VENTURE WITH ESTIMATED ANNUAL
REVENUES OF $5,000,000
BURLINGAME, CA September 9, 2004/PRNewswire-FirstCall/ --
IA Global Inc. (Amex: IAO) announced that Rex Tokyo signed an agreement to
establish a joint venture company in Japan on September 6, 2004. This joint
venture will be 60% owned by Rex Tokyo and 40% owned by Kyushu Tesco Co Ltd,.
The joint venture company (Timothy World Co. Ltd) expects to sign an exclusive
sales agreement with Kyushu Tesco for the supply of lighting fixtures to the
Pachinko industry in September, 2004.
Kyushu Tesco has developed a unique down-lighting fixture that allows three
times the lighting capacity to be achieved from a standard fixture, thus
reducing running costs of the lights. Rex Tokyo has already test marketed the
lighting system to a number of its clients. This joint venture will enable Rex
and Tesco to market the lighting system to a much wider client base. The joint
venture company expects revenues of $2,000,000 during 2004 and $5,000,000 on an
annual basis.
Rex Tokyo will contribute approximately $55,000 out of working capital and loans
for its 60% interest in the joint venture company. In addition, Rex Tokyo
expects to provide a working capital loan as the business increases.
Rex Tokyo is a supplier and maintenance contractor of parts to the pachinko and
slot machine gaming industry in Japan. They also contract to carry out regular
maintenance of the machinery within these stores.
The company's CEO, Alan Margerison, said, "We are extremely pleased to announce
this business expansion project. Rex Tokyo continues to perform strongly in the
supply, maintenance and fitting of machinery for the Pachinko and Japanese
machine gaming industry, an area which it has shown itself to be a leader".
ABOUT IA GLOBAL INC.
IA Global, Inc. is a public holding company focused on acquiring Japanese and US
companies that operate in the entertainment, media and technology areas. We hold
a 60.5% equity interest in Rex Tokyo Ltd., a supplier and maintenance contractor
of parts to the Pachinko and slot machine gaming industry in Japan. Through our
67% equity interest in Fan Club Entertainment Ltd., we provide advertising,
publishing and data management services to the official Fan Club in Japan for
Marvel Entertainment Inc. and Marvel Characters Inc. We hold a 90.5% equity
interest in QuikCAT, a leading multi-media compression technology company, which
has developed several patent video, picture and audio compression algorithms
(codecs).
For further information, contact:
Mark Scott, CFO
IA Global Inc.
533 Airport Blvd. Suite 400
Burlingame CA 94010
650-685-2402 (t)
650-685-2404 (f)
scott@iaglobalinc.com
www.iaglobalinc.com
This press release contains forward-looking statements (within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934) regarding us and our business, financial condition,
results of operations and prospects. Specifically, the statement in this press
release concerning the projected revenues of our joint venture company is a
forward-looking statement. Forward-looking statements in this report reflect the
good faith judgment of our management and the statements are based on facts and
factors as we currently know them. Forward-looking statements are subject to
risks and uncertainties and actual results and outcomes may differ materially
from the results and outcomes discussed in the forward-looking statements.
Readers are urged not to place undue reliance on these forward-looking
statements which speak only as of the date of this report. We undertake no
obligation to revise or update any forward-looking statements in order to
reflect any event or circumstance that may arise after the date of the report.

text: REX TOKYO

text: IA Global Inc.

text: Rex Tokyo

text: Rex Tokyo

text: Kyushu Tesco

text: Kyushu Tesco

text: Kyushu Tesco

text: Rex Tokyo

text: Rex Tokyo

text: Rex Tokyo

text: Rex Tokyo

text: Rex Tokyo

text: IA GLOBAL INC.

text: Rex Tokyo

text: Mark Scott

text: IA Global Inc.


text:
EX-99
2
larcosalepr.txt
PRESS RELEASE
NEWS RELEASE
CONTACT:
Karen L. Howard
Vice President-Finance and Chief Financial Officer
Columbus McKinnon Corporation
Phone: 716-689-5550
karen.howard@cmworks.com
COLUMBUS MCKINNON COMPLETES SALE OF LARCO INDUSTRIAL SERVICES, LTD.
Amherst, New York, March 5, 2007 - Columbus McKinnon Corporation (NASDAQ: CMCO),
a leading designer, manufacturer and marketer of material handling products,
today announced the sale of Larco Industrial Services, Ltd. (Larco), the
Canadian subsidiary of the Company's wholly owned subsidiary Crane Equipment &
Service, Inc (CES). Larco, a manufacturer and servicer of large capacity
overhead cranes based in Stoney Creek, Ontario, was sold to Canadian Overhead
Handling Inc. (COH) of Montreal, Quebec. The net proceeds of the Larco sale will
be used for debt reduction and general operating purposes.
The sale will not have a material impact on Columbus McKinnon's financial
results for its fiscal 2007 fourth quarter which ends on March 31, 2007. For the
latest 12 months, Larco contributed revenue of approximately $10 million and
operated near breakeven.
Timothy T. Tevens, Columbus McKinnon President and Chief Executive Officer
commented, "Given its narrowly focused product line and market, Larco was not an
essential strategic fit with our CES business which is focused on growth in the
United States and other global markets. Larco will be better positioned for
growth under its new owners based on their leadership position in Canada as a
manufacturer of large specialty cranes".
COH will continue to operate the business as Larco Industrial Services, Ltd.
with facilities in Stoney Creek and Cambridge, Ontario and plans to retain
Larco's employees. Under its new ownership, Larco will continue to be a key
distributor of the various Columbus McKinnon brand products in Southern Ontario.
ABOUT COLUMBUS MCKINNON
-----------------------
Columbus McKinnon is a leading worldwide designer, manufacturer and marketer of
material handling products, systems and services, which efficiently and
ergonomically move, lift, position or secure material. Key products include
hoists, cranes, chain and forged attachments. The Company is focused on
commercial and industrial applications that require the safety and quality
provided by its superior design and engineering know-how. Comprehensive
information on Columbus McKinnon is available on its web site at
HTTP://WWW.CMWORKS.COM.
----------------------
SAFE HARBOR STATEMENT
This news release contains "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995. Such statements include,
but are not limited to, statements concerning future revenue and earnings, and
involve known and unknown risks, uncertainties and other factors that could
cause the actual results of the Company to differ materially from the results
expressed or implied by such statements, including changes in accounting
regulations and other factors disclosed in the Company's periodic reports filed
with the Securities and Exchange Commission. The Company assumes no obligation
to update the forward-looking information contained in this release.
###

text: Karen L. Howard

text: Columbus McKinnon Corporation

text: COLUMBUS MCKINNON

text: LARCO INDUSTRIAL SERVICES, LTD.

text: Columbus McKinnon Corporation

text: Larco Industrial Services, Ltd.

text: Columbus McKinnon

text: Columbus McKinnon

text: Larco Industrial Services, Ltd.

text: Columbus McKinnon

text: COLUMBUS MCKINNON

text: Columbus McKinnon

text: Columbus McKinnon