text:
EX-99.1
3
exhibit991-hcsgpressreleas.htm
EXHIBIT 99.1 - PRESS RELEASE
Exhibit 99.1 - HCSG Press Release - Deal July 2013
Exhibit 99.1
HEALTHCARE SERVICES GROUP, INC.
ANNOUNCES ASSET PURCHASE AGREEMENT WITH PLATINUM HEALTH SERVICES, LLC
Bensalem, PA - July 15, 2013 - Healthcare Services Group, Inc. (NASDAQ:HCSG) announced today that on July 11, 2013, it entered into an asset purchase agreement with Platinum Health Services, LLC ("Platinum") to acquire substantially all of its operating assets. Platinum is a privately-held provider of professional housekeeping, laundry and maintenance services to long-term and post-acute care facilities. The purchase price consists of a cash payment of approximately $3,800,000, assumed debt of approximately $1,200,000 and the issuance of approximately 1,000,000 shares of our common stock. Additionally, upon the achievement of certain financial and retention targets, Platinum will be eligible for contingent consideration paid by the future issuance of our common stock. We expect the transaction to add more than $60,000,000 in annualized revenues and be accretive to future earnings per share.
The Company intends to release its financial results for the three and six months ended June 30, 2013 on Tuesday, July 16th. The Company will also host a conference call on Wednesday, July 17th at 8:30 a.m. Eastern Time to discuss its results. The call may be accessed via phone at 800-893-5360. The call will be simultaneously webcast under the "Events & Presentations" section of the investor relations page on our website, www.hcsg.com. A replay of the webcast will also be available on our website through approximately 10:00 p.m. Eastern Time on Wednesday, July 17th.
1
Cautionary Statement Regarding Forward-Looking Statements
This release and any schedules incorporated by reference into it may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"), as amended, which are not historical facts but rather are based on current expectations, estimates and projections about our business and industry, our beliefs and assumptions. Words such as "believes", "anticipates", "plans", "expects", "will", "goal", and similar expressions are intended to identify forward-looking statements. The inclusion of forward-looking statements should not be regarded as a representation by us that any of our plans will be achieved. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Such forward-looking information is also subject to various risks and uncertainties. Such risks and uncertainties include, but are not limited to, risks arising from our providing services exclusively to the health care industry, primarily providers of long-term care; credit and collection risks associated with this industry; from having several significant clients who each individually contributed at least 3% to 6% of our total consolidated revenues for the three months ended March 31, 2013; risks associated with our acquisition of Platinum Health Services, LLC; our claims experience related to workers' compensation and general liability insurance; the effects of changes in, or interpretations of laws and regulations governing the industry, our workforce and services provided, including state and local regulations pertaining to the taxability of our services; and the risk factors described in our Form 10-K filed with the Securities and Exchange Commission for the year ended December 31, 2012 in Part I thereof under "Government Regulation of Clients", "Competition" and "Service Agreements/Collections", and under Item IA "Risk Factors". Many of our clients' revenues are highly contingent on Medicare and Medicaid reimbursement funding rates, which Congress and related agencies have affected through the enactment of a number of major laws and regulations during the past decade, including the March 2010 enactment of the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010. On July 29, 2011, the United States Center for Medicare Services issued final rulings which, among other things, reduced Medicare payments to nursing centers by 11.1% and changed the reimbursement for the provision of group rehabilitation therapy services to Medicare beneficiaries. In January 2013, the U.S. Congress enacted the American Taxpayer Relief Act of 2012, which delayed automatic spending cuts of $1.2 trillion, including reduced Medicare payments to plans and providers up to 2%. These discretionary spending caps were originally enacted under provisions in the Budget Control Act of 2011, an initiative to reduce the federal deficit through the year 2021, also known as "sequestration." The sequestration went into effect starting March 2013. Currently, the U.S. Congress is considering further changes or revising legislation relating to health care in the United States which, among other initiatives, may impose cost containment measures impacting our clients. These laws and proposed laws and forthcoming regulations have significantly altered, or threaten to significantly alter, overall government reimbursement funding rates and mechanisms. The overall effect of these laws and trends in the long-term care industry has affected and could adversely affect the liquidity of our clients, resulting in their inability to make payments to us on agreed-upon payment terms. These factors, in addition to delays in payments from clients, have resulted in, and could continue to result in, significant additional bad debts in the near future. Additionally, our operating results would be adversely affected if unexpected increases in the costs of labor and labor-related costs, materials, supplies and equipment used in performing services could not be passed on to our clients.
In addition, we believe that to improve our financial performance we must continue to obtain service agreements with new clients, provide new services to existing clients, achieve modest price increases on current service agreements with existing clients and maintain internal cost reduction strategies at our various operational levels. Furthermore, we believe that our ability to sustain the internal development of managerial personnel is an important factor impacting future operating results and successfully executing projected growth strategies.
Healthcare Services Group, Inc. is the largest national provider of professional housekeeping, laundry and dietary services to long-term care and related health care facilities.
Company Contacts:
Daniel P. McCartney
Theodore Wahl
Chairman and Chief Executive Officer
President and Chief Operating Officer
215-639-4274
215-639-4274
2

text: HEALTHCARE SERVICES GROUP, INC.

text: PLATINUM HEALTH SERVICES, LLC

text: Healthcare Services Group, Inc.

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dataset: buster

text:
EX-99
4
sep6ex99_1.htm
EXHIBIT 99.1
Exhibit 99.1
Exhibit 99.1
Jones Apparel Group,
Inc.
FOR IMMEDIATE RELEASE
Media Contacts:
Joele
Frank and Sharon Stern
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449
Jones Apparel Group Completes Sale of Barneys New York and
Enters Into Accelerated Share Repurchase Agreement
NEW YORK, NEW YORK - September 7, 2007 - Jones Apparel Group, Inc. (NYSE: JNY;
the "Company" or "Jones") today announced that it has
completed the sale of its indirect wholly owned subsidiary Barneys New York,
Inc. ("Barneys") and has entered into an accelerated share repurchase
("ASR") agreement with Goldman, Sachs & Co. ("Goldman")
to utilize a portion of the proceeds from the sale.
Jones received an aggregate of approximately $945 million in cash at closing
from the sale of Barneys to an affiliate of Istithmar PJSC, a Dubai based
private equity and alternative investment house. The purchase price is subject
to certain post-closing adjustments. Jones expects to realize estimated
after-tax proceeds, net of transaction expenses, of approximately $840 million
from the sale. The proceeds of the sale will be used to fund the ASR program, to
repay short term borrowings and for other corporate purposes.
Under the ASR agreement, Jones will repurchase $400 million of its
outstanding common stock, with approximately 15.5 million shares to be received
by September 12, 2007 and the remaining shares to be received at the end of an
initial valuation period and upon final settlement of the ASR program. Final
settlement of the ASR program is scheduled for no later than July 19, 2008, and
may occur earlier at the option of Goldman or later under certain circumstances.
The initial shares repurchased by Jones are subject to adjustment if Jones were
to enter into or announce certain types of transactions.
Wesley R. Card, President and Chief Executive Officer, stated, "The
repurchase of our stock is a compelling investment opportunity and reflects the
Board's confidence in the future of Jones. We received substantial value for our
investment in Barneys, and we are pleased to return that value to our
shareholders through this ASR program. On behalf of Jones Apparel Group, its
Directors, employees and shareholders, I want to thank Howard Socol, his
management team and associates at Barneys for their hard work and dedication as
part of Jones. We wish them the best of luck in the future".
John T. McClain, Chief Financial Officer, added, "We believe that the
ASR program is an effective way to execute a meaningful repurchase in a single
transaction. This use of the net proceeds from the Barneys transaction will
enhance present shareholder value, while at the same time adding greater
strength to our balance sheet and providing the Company with the financial
flexibility to strategically invest in growing our brands for the future benefit
of our shareholders".
The final number of shares Jones is repurchasing under the terms of the ASR
agreement and the timing of the final settlement will depend on prevailing
market conditions and the volume weighted average price per share of Jones
common stock over the term of the ASR program, within a maximum and minimum
established during an initial valuation period and subject to adjustment if
Jones were to enter into or announce certain types of transactions. Goldman is
expected to purchase Jones common stock in the open market in connection with
the ASR program. As of September 5, 2007, before giving effect to the ASR
transaction, Jones had 103.9 million shares of its common stock outstanding.
Jones has repurchased nearly 5.1 million shares of its common stock for
approximately $95 million under the Company's current repurchase authorization,
and approximately $205 million remains available for stock repurchases under
this authorization, passed by the Board of Directors in February 2007. The Board
of Directors has authorized an additional $500 million of share repurchases, in
order to facilitate the ASR program and other possible future repurchases. The
Company will have approximately $305 million of stock repurchase authority after
giving effect to the repurchases under the ASR program, assuming no adjustments
to the initial shares repurchased by Jones become necessary. During the term of
the ASR program and for approximately two weeks after final settlement, Jones
may only make repurchases of its common stock with the consent of Goldman.
J.P. Morgan and Citibank, N.A. are acting as advisors to Jones in connection
with the ASR program.
About Jones Apparel Group, Inc.
Jones Apparel Group, Inc. (www.jny.com), a Fortune 500 company, is a leading
designer, marketer and wholesaler of branded apparel, footwear and accessories.
The Company also markets directly to consumers through its chain of specialty
retail and value-based stores. The Company's nationally recognized brands
include Jones New York, Nine West, Anne Klein, Gloria Vanderbilt, Kasper,
Bandolino, Easy Spirit, Evan-Picone, l.e.i., Energie, Enzo Angiolini, Joan &
David, Mootsies Tootsies, Sam & Libby, Napier, Judith Jack, Albert Nipon and
Le Suit. The Company also markets costume jewelry under the Givenchy brand
licensed from Givenchy Corporation and footwear under the Dockers Women brand
licensed from Levi Strauss & Co. Each brand is differentiated by its own
distinctive styling, pricing strategy, distribution channel and target consumer.
The Company contracts for the manufacture of its products through a worldwide
network of quality manufacturers. The Company has capitalized on its nationally
known brand names by entering into various licenses for several of its
trademarks, including Jones New York, Evan-Picone, Anne Klein New York, Nine
West, Gloria Vanderbilt and l.e.i., with select manufacturers of women's and
men's products which the Company does not manufacture. For more than 30 years,
the Company has built a reputation for excellence in product quality and value,
and in operational execution.
Forward Looking Statements
Certain statements contained herein are "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995. All
statements regarding the Company's expected financial position, business and
financing plans are forward-looking statements. The words "believes,"
"expect", "plans", "intends,"
"anticipates" and similar expressions identify forward-looking
statements. Forward-looking statements also include representations of the
Company's expectations or beliefs concerning future events that involve risks
and uncertainties, including:
the impact of changes in the market value of the Company's common stock on
the final number and price of shares repurchased under the accelerated share
repurchase agreement;
the Company's ability to effectively deploy the proceeds received by it
from the sale of Barneys, and the timing of the use of those proceeds;
those associated with the effect of national and regional economic
conditions;
lowered levels of consumer spending resulting from a general economic
downturn or lower levels of consumer confidence;
the performance of the Company's products within the prevailing retail
environment;
customer acceptance of both new designs and newly-introduced product
lines;
the Company's reliance on a few department store groups for large portions
of the Company's business;
consolidation of the Company's retail customers;
financial difficulties encountered by customers;
the effects of vigorous competition in the markets in which the Company
operates;
the Company's ability to attract and retain qualified executives and other
key personnel;
- 2 -
the Company's reliance on independent foreign manufacturers;
changes in the costs of raw materials, labor, advertising and
transportation;
the general inability to obtain higher wholesale prices for the Company's
products that the Company has experienced for many years;
the uncertainties of sourcing associated with the new environment in which
general quota has expired on apparel products (while China has agreed to
safeguard quota on certain classes of apparel products through 2008,
political pressure will likely continue for restraint on importation of
apparel);
the Company's ability to successfully implement new operational and
financial computer systems; and
the Company's ability to secure and protect trademarks and other
intellectual property rights.
A further description of these risks and uncertainties and other important
factors that could cause actual results to differ materially from the Company's
expectations can be found in the Company's Quarterly Report on Form 10-Q for the
quarter ended July 7, 2007, including, but not limited to, the Statement
Regarding Forward-Looking Disclosure and Item 1A-Risk Factors therein, and in
the Company's other filings with the Securities and Exchange Commission.
Although the Company believes that the expectations reflected in such
forward-looking statements are reasonable, such expectations may prove to be
incorrect. The Company does not undertake to publicly update or revise its
forward-looking statements as a result of new information, future events or
otherwise.
- 3 -

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text:
Jones Apparel Group,
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Barneys New York,
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annotation_scope: BUSTER company-role spans plus reviewed organization, fund, person, and event additions with document-local surface projection; annotations remain non-exhaustive


text:
EX-99.1
2
cleanearthclosingpressrele.htm
EXHIBIT 99.1
Exhibit
Exhibit 99.1
Compass Diversified Holdings
Ryan J. Faulkingham
Chief Financial Officer
203.221.1703
ryan@compassequity.com
Investor Relations and Media Contact:
The IGB Group
Leon Berman
212.477.8438
lberman@igbir.com
Compass Diversified Holdings Closes Sale of Clean Earth
Compass Group Management to Waive Management Fee on Cash
Westport, Conn., July 1, 2019 - Compass Diversified Holdings (NYSE: CODI) ("CODI" or the "Company"), an owner of leading middle market businesses, announced today that it has completed the sale of its majority owned subsidiary, CEHI Acquisition Corporation, the parent company of Clean Earth, Inc. ("Clean Earth"), to a wholly-owned subsidiary of Harsco Corporation (NYSE: HSC), pursuant to an agreement it entered into on May 9, 2019.
The sale price of Clean Earth was based on an aggregate enterprise value of $625 million plus estimated cash and working capital adjustments subject to customary post-closing true-ups. CODI expects to realize a gain on the sale of Clean Earth of between $205 million and $215 million and intends to use the net proceeds to repay the remaining outstanding debt under the Company's revolving credit facility and for general corporate purposes.
Moelis & Company LLC and Houlihan Lokey acted as financial advisors to CODI in connection with the transaction. Squire Patton Boggs (US) LLP acted as legal counsel to CODI.
In addition, CODI's Manager, Compass Group Management, has agreed to waive the management fee on cash balances held at CODI, commencing with the management fee due for the quarter ending June 30, 2019 and continuing until the quarter during which the Company next borrows under its revolving credit facility.
Elias Sabo, CEO of Compass Diversified Holdings, stated, "Year to date 2019, CODI has realized gains for shareholders of over $325 million. This success has enabled the Company to significantly strengthen its balance sheet, during a time when we are waiving our management fee on CODI's cash balance. We remain well positioned to continue to implement our permanent capital model, and to distribute $1.44 per share annually, as we focus on further enhancing shareholder value".
About Compass Diversified Holdings ("CODI")
CODI owns and manages a diverse family of established North American middle market businesses. Each of its current subsidiaries is a leader in its niche market. CODI maintains controlling ownership interests in each of its subsidiaries in order to maximize its ability to impact long term cash flow generation and value. The Company provides both debt and equity capital for its subsidiaries, contributing to their financial and operating flexibility. CODI utilizes the cash flows generated by its subsidiaries to invest in the long-term growth of the Company and to make cash distributions to its shareholders.
Our eight majority-owned subsidiaries are engaged in the following lines of business:
.
The design and marketing of purpose-built tactical apparel and gear serving a wide range of global customers (5.11);
.
The manufacture of quick-turn, small-run and production rigid printed circuit boards (Advanced Circuits);
.
The manufacture of engineered magnetic solutions for a wide range of specialty applications and end-markets (Arnold Magnetic Technologies);
.
The design and marketing of wearable baby carriers, strollers and related products (Ergobaby);
.
The design and manufacture of custom molded protective foam solutions and OE components (Foam Fabricators);
.
The design and manufacture of premium home and gun safes (Liberty Safe);
.
The manufacture and marketing of portable food warming fuels for the hospitality and consumer markets, flameless candles and house and garden lighting for the home decor market, and wickless candle products used for home decor and fragrance systems (The Sterno Group); and
.
The design, manufacture and marketing of airguns, archery products, optics and related accessories (Velocity Outdoor).
This press release may contain certain forward-looking statements, including statements with regard to the future performance of CODI and expectations related to the sale of Clean Earth. Words such as "believes", "expects", "anticipates", "intends", "projects", and "future" or similar expressions, are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results to differ materially from those projected in these forward-looking statements, and some of these factors are enumerated in the risk factor discussion in the Form 10-K filed by CODI with the SEC for the year ended December 31, 2018 and other filings with the SEC. Except as required by law, CODI undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

text: Compass Diversified Holdings

text: Ryan J. Faulkingham

text: Compass Diversified Holdings

text: Clean Earth

text: Waive Management

text: Compass Diversified Holdings

text: CEHI Acquisition Corporation

text: Clean Earth

text: Clean Earth

text: Harsco Corporation

text: Clean Earth

text: Clean Earth

text: Moelis & Company LLC

text: Houlihan Lokey

text: Squire Patton Boggs (US) LLP

text: Elias Sabo

text: Compass Diversified Holdings

text: Compass Diversified Holdings

text: Clean Earth


text:
EX-99.1
4
d223205dex991.htm
EX-99.1
EX-99.1
Exhibit 99.1
Cloudera Completes Agreement To Become a Private Company
SANTA CLARA, Calif., October
8, 2021
-Cloudera, the enterprise data cloud company, today announced the successful completion of
its previously announced agreement to be acquired by affiliates of Clayton, Dubilier & Rice ("CD&R") and KKR in an all cash transaction valued at approximately $5.3 billion. Cloudera common stock has ceased trading and is
no longer listed on the New York Stock Exchange.
Cloudera delivers a hybrid cloud platform that enables enterprises to access and analyze data across
public and private clouds as well as on premises to deliver flexibility, performance, speed and control. Cloudera will continue to be led by CEO Rob Bearden.
"Today marks an exciting new chapter in our company's future", said Rob Bearden. "As a private company, we will have the agility and
resources to meet the needs of businesses today in a hybrid world. With the capital support and expertise of CD&R and KKR, we will be focusing on accelerating our product innovation, cloud transformation and customer growth".
About Cloudera
At Cloudera, we believe that data can
make what is impossible today, possible tomorrow. We empower people to transform complex data into clear and actionable insights. Cloudera delivers an enterprise data cloud for any data, anywhere, from the Edge to AI. Powered by the relentless
innovation of the open source community, Cloudera advances digital transformation for the world's largest enterprises. Learn more at Cloudera.com.
Cloudera and associated marks are trademarks or registered trademarks of Cloudera, Inc. All other company and product names may be trademarks of their
respective owners.
About Clayton, Dubilier & Rice
CD&R is a private investment firm with a strategy predicated on building stronger, more profitable businesses. Since inception, CD&R has managed the
investment of more than $35 billion in over 100 companies with an aggregate transaction value of more than $150 billion. The firm has offices in New York and London. For more information, please visit
www.cdr-inc.com.
About KKR
KKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. KKR aims to generate attractive
investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and
real assets and has strategic partners that manage hedge funds. KKR's insurance subsidiaries offer retirement, life and reinsurance products under the management of The Global Atlantic Financial Group. References to KKR's investments may
include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR's website at www.kkr.com and on Twitter @KKR_Co.

text: Cloudera

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review_confirmation: Agent row audit 1260-2519

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text: Cloudera

text: Cloudera

text: Cloudera

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text: CD&R

text: CD&R

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text:
EX-99.1
3
d141161dex991.htm
EX-99.1
EX-99.1
Exhibit 99.1
Innoviz Technologies and Collective Growth Corporation Announce Closing of Business Combination
Business combination provides Innoviz with approximately $371 million in gross proceeds comprised of Collective Growth's cash in
trust and a PIPE led by strategic investors, positioning Innoviz to capitalize on growth catalysts and expand its product roadmap
TEL AVIV, Israel
and AUSTIN, Texas, April
5, 2021-
Innoviz Technologies
, a technology leader of high-performance, solid-state LiDAR sensors and perception software, and Collective Growth Corporation (NASDAQ: CGRO) today
announced the completion of their previously announced business combination. The combined company will retain the Innoviz Technologies, Inc. name, and its ordinary shares and warrants are expected to commence trading on Nasdaq under the ticker
symbols "INVZ" and "INVZW" on April 6, 2021. The business combination was approved at a special meeting of Collective Growth's stockholders held on March 31, 2021.
The successful completion of the business combination will allow Innoviz Technologies to meet the booming demand of the auto industry, which has been waiting
for the LiDAR technology to mature. Innoviz is engaged in multiple automotive programs with multiple partners across the globe, and is growing.
Innoviz
is pleased to announce today, after years of development and rigorous testing, the
ramp-up
towards high-volume automotive-grade fully automated production of InnovizOne, which will serve the BMW series
production, among other customers, and is expected to provide meaningful future revenues. In parallel, the Company will continue the introduction of the new generation LiDAR InnovizTwo to the market, which is expected to result in further
significant cost reduction and performance improvements in order to accelerate the adoption of safe mobility in all types of cars. Innoviz will continue to collect data and develop new computer vision features for InnovizAPP - the new
Automotive Perception Platform. With these developments, Innoviz will further expand the technology gap in the market and strengthen its leadership position on high-performance, cost effective solid-state LiDAR sensors and perception software for
the autonomous driving market and others.
Video to be included with this PR:
https://www.youtube.com/watch?v=zsPZHcNlcPI
"This is a pivotal moment for the Innoviz team and a historic one for the industry at large", said
Omer Keilaf,
Co-Founder
and CEO of Innoviz
. "Since its founding, Innoviz's engineers have pushed the boundaries of LiDAR performance, enabling us to bring a safe, reliable and affordable solution that
automakers can adopt at scale. The growing demand from customers in Europe, the U.S., and the Asia Pacific and our growing backlog attest to our significant commitment. Becoming a publicly traded company puts Innoviz on the path to global leadership
in the autonomous driving space worldwide, among others".
Bruce Linton, Chairman and CEO of Collective Growth Corporation
, said, "Innoviz outperforms its
peers by a wide margin when it comes to high-volume LiDAR production and technological development. We are proud to follow them on their journey as a publicly traded company".
Transaction Overview
As a result of the Business
Combination, Innoviz has received approximately $371 million in gross proceeds comprised of Collective Growth's $141 million of cash held in trust following public stockholder redemptions and $230 million from an ordinary share
PIPE, including strategic investments from Innoviz's Tier 1 partner Magna International, transaction
co-sponsor
Antara Capital, the largest investor in the PIPE, Phoenix Insurance and other institutional
investors.
Advisors
Goldman Sachs & Co.
LLC served as exclusive financial advisor and placement agent to Innoviz in connection with the merger. Latham & Watkins LLP and Meitar | Law Offices served as legal advisors to Innoviz. Akin Gump Strauss Hauer & Field LLP and
Faegre Drinker Biddle & Reath LP served as legal advisors to sponsors Antara Capital and Perception Capital, respectively, and Nechama Brin and Michael Yifrah served as financial advisors to Perception Capital. Graubard Miller and Goldfarb
Seligman & Co. served as legal advisors to Collective Growth, and Cantor Fitzgerald served as Financial and Capital Markets Advisor to Collective Growth.
About Innoviz Technologies
Innoviz is a leading provider
of technology that will put autonomous vehicles on roads, ultimately changing the world and making life better. Innoviz is the only company with LiDAR technology that can "see" better than a human driver, while also meeting the automotive
industry's strict requirements for performance, safety and price. Selected by BMW for its fully electric iX autonomous car program, Innoviz's technology is expected to be the first to be deployed in consumer vehicles. Innoviz is backed by
top-tier
strategic partners and investors, including SoftBank Ventures Asia, Samsung, Magna International, Aptiv, Magma Venture Partners, and others. For more information, visit
www.innoviz.tech
.
Forward Looking Statements
This announcement contains
certain forward-looking statements within the meaning of the federal securities laws, including statements regarding the benefits of the transaction, the services offered by Innoviz and the markets in which it operates, and Innoviz's projected
future results. These forward-looking statements generally are identified by the words "believe", "project", "expect", "anticipate", "estimate", "intend", "strategy,"
"future", "opportunity", "plan", "may", "should", "will", "would", "will be", "will continue", "will likely result", and similar expressions.
Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future
events to differ materially from the forward-looking statements in this announcement, including but not limited to, the ability to implement business plans, forecasts, and other expectations following the transaction, the ability to identify and
realize additional opportunities, and potential changes and developments in the highly competitive LiDAR technology and related
industries. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the definitive proxy
statement/prospectus filed with the SEC on March 11, 2021 and other documents filed by Innoviz from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results
to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Innoviz assumes no
obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Innoviz gives no assurance that it will achieve its expectations.
Contact Information:
Media@innoviz-tech.com
Investor Contact:
Maya Lustig
Innoviz Technologies
+972 54 677 8100
Maya.lustig@innoviz-tech.com
Cody Slach or Matt Glover
Gateway Investor Relations
(949)
574-3860
Investors@innoviz-tech.com
Wilson Kello
Collective Growth Corporation
info@collectivegrowthcorp.com

text: Innoviz Technologies

text: Collective Growth Corporation

text: Innoviz Technologies

text: Collective Growth Corporation

text: Innoviz Technologies

text: Innoviz Technologies

text: Bruce Linton

text: Collective Growth Corporation

text:
Goldman Sachs & Co.
LLC

text: Latham & Watkins LLP

text: Meitar | Law Offices

text: Akin Gump Strauss Hauer & Field LLP

text: Faegre Drinker Biddle & Reath LP

text: Graubard Miller

text:
Goldfarb
Seligman & Co.

text: Cantor Fitzgerald

text: Innoviz Technologies

text: SoftBank Ventures Asia

text: Magma Venture Partners

text: Innoviz Technologies

text: Collective Growth Corporation


text:
EX-99.1
2
ex_320703.htm
EXHIBIT 99.1
ex_320703.htm
Exhibit 99.1
NEWS RELEASE
Dorchester Minerals, L.P.
Release Date:
December 31, 2021
3838 Oak Lawn Ave., Suite 300
Dallas, Texas 75219-4541
Contact:
Martye Miller
(214) 559-0300
Dorchester Minerals, L.P. Completes Acquisition of Mineral and Royalty Interests
DALLAS, TEXAS -- Dorchester Minerals, L.P. (the "Partnership") (NASDAQ-DMLP) announced today that it has completed its previously announced acquisition of mineral and royalty interests totaling approximately 4,600 net royalty acres located in 27 counties across New Mexico, Oklahoma, Texas and Wyoming.
The transaction is structured as a non-taxable contribution and exchange. The contributing entity conveyed their interests to the Partnership in exchange for 1,580,000 common limited partnership units of Dorchester Minerals, L.P.
Dorchester Minerals, L.P. is a Dallas based owner of producing and non-producing oil and natural gas mineral, royalty, overriding royalty, net profits, and leasehold interests located in 26 states. Its common units trade on the NASDAQ Global Select Market under the symbol DMLP.
FORWARD-LOOKING STATEMENTS
Portions of this document may constitute "forward-looking statements" as defined by federal law. Such statements are subject to certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected. Examples of such uncertainties and risk factors include, but are not limited to, changes in the price or demand for oil and natural gas, changes in the operations on or development of the Partnership's properties, changes in economic and industry conditions and changes in regulatory requirements (including changes in environmental requirements) and the Partnership's financial position, business strategy and other plans and objectives for future operations. These and other factors are set forth in the Partnership's filings with the Securities and Exchange Commission.

text: Dorchester Minerals, L.P.

text: Dorchester Minerals, L.P.

text: Dorchester Minerals, L.P.

text: Dorchester Minerals, L.P.

text: Dorchester Minerals, L.P.


text:
EX-99.1
3
synl-chemicalsacquisitionp.htm
EX-99.1
Document
Exhibit 99.1
Synalloy Acquires Leading Specialty Chemicals Contract Manufacturer DanChem
- Acquisition Enhances Chemicals Management Team, Accelerates Product Development Capabilities, and Provides Entrance into New End-Markets and Applications -
- Synalloy Chemicals is One of the Largest Specialty Chemical Contract Manufacturers in the U.S. with Plans to Significantly Scale its Platform and Accelerate Growth -
Richmond, Virginia, October 25, 2021 - Synalloy Corporation (Nasdaq: SYNL) ("Synalloy" or the "Company"), an industrials company focused on the production and distribution of piping, tubing and specialty chemicals, has acquired DanChem to accelerate product development capabilities and provide entrance into new end-markets and applications.
DanChem is a leading, full-service specialty chemicals contract manufacturing organization with three production plants located on an owned 55-acre campus in Danville, Virginia. The DanChem facility is particularly unique, boasting the largest fleet of horizontal reactors in the industry and producing a broad array of diversified products. DanChem's exceptional team serves a variety of diverse and attractive end markets, resulting in a stable customer base that consists of notable blue-chip companies and a high rate of recurring revenue throughout its 61-year history.
Under the terms of the agreement, Synalloy acquired DanChem for $32.950 million, which was funded by the Company's existing credit facility.
In 2021, DanChem is expected to generate approximately $30 million in revenue with an approximate 18% adjusted EBITDA margin. DanChem brings to Synalloy over 120 direct personnel across its three production plants, and the company's management team will continue to serve in current and expanded roles to further accelerate the growth of Synalloy Chemicals. The acquisition closed on October 22nd.
Strategic Rationale:
.Acceleration of Product Development Capabilities - DanChem brings leading engineering and process development capabilities with a demonstrated track record of rapidly developing products for commercialization.
.Expansion of Process Offerings - DanChem's production plants and horizontal reactors drastically accelerate the long-term investment plans of Synalloy Chemicals, providing differentiated assets, rail access and meaningful site acreage for continued expansion.
.Larger Presence in Target End-Markets and Applications - DanChem brings additional customer relationships in target markets, including CASE (coatings, adhesives, sealants and elastomers), additives, industrial and agricultural chemistries.
.Synalloy Chemicals Becomes a Scaled Platform Capable of Accelerated Growth - DanChem positions Synalloy Chemicals as one of the largest specialty chemical contract manufacturers in the U.S. and enhances the Company's ability to be a preferred acquirer for companies within the industry.
1
Exhibit 99.1
"Acquiring DanChem is a pivotal step forward for Synalloy as we plan to significantly scale and accelerate profitable growth within our chemicals segment", said Chris Hutter, interim president and CEO of Synalloy. "With robust manufacturing capabilities, a highly experienced team and a blue-chip customer base, DanChem will bolster our chemical operations while providing significant opportunities to grow into new end-markets with a wide array of commercial offerings. We also believe this acquisition creates a scalable specialty chemicals platform to become an acquirer of choice for other chemical companies that could further benefit from our breadth of services while serving to expand our capabilities and product offerings. We welcome the DanChem team to Synalloy and look forward to leveraging our combined manufacturing and engineering platform to continue performing critical chemistries for our customers".
Commenting on the acquisition, John Zuppo, CEO of DanChem, stated: "Joining Synalloy Chemicals is an important milestone for DanChem as we believe the Company provides us with the necessary platform and support to execute our strategic goals. Our organization has grown steadily over the past two years with significant improvements to our margins, and we are even more confident in our future growth prospects with a robust pipeline of new products and customer engagements. We believe joining forces with Synalloy will allow us to further accelerate these growth opportunities, and we are excited to be a part of this growing company".
About Synalloy Corporation
Synalloy Corporation (Nasdaq: SYNL) is a company that engages in a number of diverse business activities including the production of stainless steel and galvanized pipe and tube, the master distribution of seamless carbon pipe and tube, and the production of specialty chemicals. For more information about Synalloy Corporation, please visit its web site at www.synalloy.com.
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and other applicable federal securities laws. All statements that are not historical facts are forward-looking statements. Forward looking statements can be identified through the use of words such as "estimate", "project", "intend", "expect", "believe", "should", "anticipate", "hope", "optimistic", "plan", "outlook", "should", "could", "may" and similar expressions. The forward-looking statements are subject to certain risks and uncertainties, including without limitation those identified below, which could cause actual results to differ materially from historical results or those anticipated. Readers are cautioned not to place undue reliance on these forward-looking statements. The following factors could cause actual results to differ materially from historical results or those anticipated: adverse economic conditions, including risks relating to the impact and spread of and the government's response to COVID-19; inability to weather an economic downturn; the impact of competitive products and pricing; product demand and acceptance risks; raw material and other increased costs; raw material availability; financial stability of the Company's customers; customer delays or difficulties in the production of products; loss of consumer or investor confidence; employee relations; ability to maintain workforce by hiring trained employees; labor efficiencies; risks associated with acquisitions; environmental issues; negative or unexpected results from tax law changes; inability to comply with covenants and ratios required by the Company's debt financing arrangements; and other risks detailed from time-to-time in Synalloy Corporation's Securities and Exchange Commission filings, including our Annual Report on Form 10-K, which filings are available from the SEC. Synalloy Corporation assumes no obligation to update any forward-looking information included in this release.
2
Exhibit 99.1
Company Contact
Aaron Tam
Chief Financial Officer
1-804-822-3260
Investor Relations
Cody Slach and Cody Cree
Gateway Investor Relations
1-949-574-3860
SYNL@gatewayir.com
3

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text: DanChem

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text: Synalloy Corporation

text: Synalloy

text: DanChem

text: DanChem

text: DanChem

text: DanChem

text: Synalloy

text: DanChem

text: DanChem

text: DanChem

text: Synalloy

text: Synalloy

text: DanChem

text: DanChem

text: Synalloy

text: DanChem

text: Synalloy

text: DanChem

text: Synalloy

text: DanChem

text: Synalloy

text: Chris Hutter

text: Synalloy

text: DanChem

text: DanChem

text: Synalloy

text: John Zuppo

text: DanChem

text: Synalloy

text: DanChem

text: Synalloy

text: Synalloy Corporation

text: Synalloy Corporation

text: Synalloy Corporation

text: Synalloy Corporation

text: Synalloy Corporation

text: Aaron Tam


text:
EX-99.1
11
alltelex991072106.htm
PRESS RELEASE OF ALLTEL CORPORATION DATED JULY 17, 2006
Unassociated Document
Exhibit
99.1
Andrew
Moreau
501-905-7962
Vice
President -
Corporate Communications
andrew.moreau@alltel.com
John
Ebner
501-905-8991
Senior
Vice President
- Investor Relations
alltel.investor.relations@alltel.com
Release
date: July
17,
2006
Alltel
completes spinoff and merger of its wireline business
with
VALOR Communications
Transaction
positions company to move forward on $3 billion stock-repurchase
program
LITTLE
ROCK, Ark.
- Alltel
today announced that it has completed the spinoff of its wireline business
and
the merger of that business into VALOR Communications Group Inc. The common
stock of Windstream Corp., the new wireline company created by the merger,
begins trading July 18, 2006, on the New York Stock Exchange under the symbol
WIN.
"This
spin-merge transaction is the best course for everyone involved - the
shareholders, customers and employees of both companies - as it repositions
the
company into two distinct assets and enhances the overall opportunities for
both
businesses", said Scott Ford, Alltel president and CEO. "It demonstrates our
continued commitment to be faithful stewards of our shareholders' investment by
creating greater value for them while revitalizing opportunities to meet the
distinct needs of both wireless and wireline customers".
As
previously disclosed, Alltel has authorized a $3 billion share-repurchase
program expiring Dec. 31, 2008, and the company will implement a $1 billion
debt-reduction program now that the spin is completed. In addition, Alltel's
wireless business expects to pay an annual dividend of 50 cents per share of
common stock.
Under
the
terms of the previously announced transaction, Alltel shareholders are entitled
to receive 1.0339267 shares of VALOR stock for each share of Alltel they own.
VALOR Communications, which has been renamed Windstream Corp., issued
approximately 403 million shares of common stock pro rata to the shareholders
of
Alltel, who will continue to own 1 share of the remaining wireless entity.
Any
Alltel shareholder entitled to receive a fractional share will instead receive
a
cash payment.
No
action
is required by Alltel shareholders to receive their VALOR common stock. The
spinoff and merger is tax-free to Alltel and its shareholders, except in respect
of cash received in lieu of fractional shares.
Alltel's
wireless network covers more of the U.S. than any other carrier, covering a
population of 77 million with its 850 MHz business. Alltel offers features
that
put customers first, including the exclusive My Circle calling plan that
empowers customers to choose the 10 numbers they call for free - on any network,
anywhere in the U.S. Alltel also is the largest independent roaming partner
to
the nation's top four wireless carriers.
"With
America's largest wireless network, Alltel is well-positioned to take advantage
of the strong existing relationships we have built with our customers while
our
financial strength allows us to continue investing in the appropriate
technologies for the future", Ford said. "Our company now is structured to focus
all our energies on delivering advanced wireless voice and data services, backed
by our commitment to superior customer service".
Alltel
is
owner and operator of the nation's largest wireless network and has more than
10
million wireless customers.
Alltel
claims the protection of the safe-harbor for forward-looking statements
contained in the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are subject to uncertainties that could cause actual
future events and results to differ materially from those expressed in the
forward-looking statements. These forward-looking statements are based on
estimates, projections, beliefs, and assumptions and are not guarantees of
future events and results. Actual future events and results may differ
materially from those expressed in these forward-looking statements as a result
of a number of important factors. Representative examples of these factors
include (without limitation) adverse changes in economic conditions in the
markets served by Alltel; the extent, timing, and overall effects of competition
in the communications business; material changes in the communications industry
generally that could adversely affect vendor relationships with equipment and
network suppliers and customer relationships with wholesale customers; changes
in communications technology; the risks associated with pending acquisitions
and
dispositions, including the pending acquisition of Midwest Wireless; the risks
associated with the integration of acquired businesses; adverse changes in
the
terms and conditions of the wireless roaming agreements of Alltel; the potential
for adverse changes in the ratings given to Alltel's debt securities by
nationally accredited ratings organizations; the uncertainties related to
Alltel's strategic investments; the effects of litigation;
2
and
the
effects of federal and state legislation, rules, and regulations governing
the
communications industry. In addition to these factors, actual future
performance, outcomes, and results may differ materially because of more
general
factors including (without limitation) general industry and market conditions
and growth rates, economic conditions, and governmental and public policy
changes.
-end-
Alltel,
NYSE: AT
www.alltel.com
3

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text: Alltel

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text: Alltel

text: VALOR Communications Group Inc.

text: Alltel

text: Alltel

text: Alltel

text: Alltel

text: Alltel

text: VALOR Communications

text: Alltel

text: Alltel

text: Alltel

text: Alltel

text: Alltel

text: Alltel

text: Alltel

text: Alltel

text: Alltel

text: Alltel

text: Alltel

text: Alltel

text: Alltel

text: Alltel

text: Alltel


text:
EX-99.1
123
v080501_ex99-1.htm
Unassociated Document
NEWS
RELEASE
Boo
Koo Beverages, Inc. Becomes Public Company Through Merger with Captech Financial
And Completes $7.5 Million Private Placement
Rapidly
Growing Beverage Company To Trade on OTC Bulletin Board Under Stock Symbol:
CPFG.OB
Addison,
Texas - Boo Koo Beverages, Inc. (OTC.BB: CPFG.OB) today announced that it has
completed a merger with Captech Financial Group, a publicly traded company.
Based in Addison, Texas, Boo Koo produces and distributes a line of innovative
energy drinks under the Boo Koo(R) brand name. The Company will change its
name
to Boo Koo Holdings, Inc. and, until such name change is completed, the Company
will trade under the name Captech Financial Group, Inc. and symbol OTCBB: CPFG.
Boo
Koo
has made significant contributions in the fast growing energy drink category.
It
was the first to introduce a 24-ounce can in 2004, and soon after, introduced
a
compact, super-concentrated 5.75 ounce can, Boo Koo SHOT, to consumers in search
of a quick boost of energy without the bulk. Boo Koo products include Boo Koo
Energy and flavored energy drinks in multiple package forms. Currently sold
and
distributed in 43 states throughout the United States and parts of Canada,
Boo
Koo is proud to partner with a network of regional bottlers and other direct
store delivery distributors, including independent Coca-Cola, Pepsi, Cadbury
Schweppes and other leading distributors.
As
a
result of the merger, Captech named Dan Lee, President of Book Koo, as its
new
President and CEO, and Steve Ruffini, Chief Financial Officer of Boo Koo, as
its
new Chief Financial Officer. Boo Koo also appointed four new members to
Captech's Board of Directors and accepted the resignation of the two members of
Captech's Board of Directors immediately prior to the merger.
Simultaneously
with the completion of the merger, the Company completed a private placement
of
common stock raising gross proceeds of approximately $7.5 million through the
issuance of 6,252,595 shares of common stock at $1.20 per share. Proceeds
from the transaction will be used to provide working capital, increased
marketing support for the Company's line of beverages, general corporate
purposes and the repayment of debt. The private placement includes an option
for
the investors to purchase up to $5.0 million worth of common stock at $1.20
per
share for a period of 45 days from the closing of the private placement. In
addition, one of the Company's shareholders has agreed to convert the principal
($875,000), plus interest remaining under a promissory note held by such
shareholder at $1.20 per share on the 30th
day
following the closing of the financing.
"We
are
excited to complete the merger with Captech, allowing us to become a publicly
traded company", said Mr. Lee. "Boo Koo has already shown success in the rapidly
growing energy drink category, and the completion of the private placement
will
enable us to accelerate our growth with our expanding portfolio of distributors
and consumers. As a publicly traded company, our objective is to continue to
increase our profile with consumers and the investment community by offering
what we believe are the best tasting energy drinks available".
To
complete the merger, Captech issued 24,711,070 shares of its common stock in
exchange for all of the outstanding common stock of Boo Koo. As a result of
the
transactions, Boo Koo stockholders and the investors own approximately 98.8%
of
Captech's oustanding common stock and Captech stockholders prior to the merger
own approximately 1.2% of the combined companies.
In
connection with the private placement and the merger, the Company incurred
expenses which included, without limitation, commissions to the placement
agents, legal and accounting fees, shell acquisition costs, and other
miscellaneous expenses, of approximately $1.7 million.
The
shares of common stock issued in connection with the transactions has not been
registered under the Securities Act of 1933, as amended and may not be offered
or sold in the United States absent registration under the Securities Act and
applicable state securities laws or an applicable exemption from those
registration requirements. The Company has agreed to file a registration
statement, covering the resale of the shares of common stock issued in the
private placement and certain other shares, within 60 days of the closing of
the
transaction.
The
placement agents for the transaction were Roth Capital Partners, LLC and Aspen
Equity Partners, LLC.
This
press release does not constitute an offer to sell or the solicitation of an
offer to buy nor will there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such state or
jurisdiction.
About
Boo
Koo
Boo
Koo
develops, produces, markets and distributes alternative beverage category energy
drinks under the Boo Koo® brand name. Boo Koo currently sells and distributes
its products in 43 states throughout the United States and parts of Canada
through its network of regional bottlers and other direct store delivery
distributors, including independent Coca-Cola, Pepsi, Cadbury Schweppes, beer
and other wholesale distributors. Boo Koo also intends to expand its
distribution network through alternative distribution arrangements, including
direct delivery. Boo Koo's products are sold primarily to mainstream convenience
and grocery store chains, drug stores, gas stations and other mainstream and
discount consumer stores.
The
Company will be filing a Current Report on Form 8-K with the Securities and
Exchange Commission within the time period prescribed by Form 8-K, which report
will disclose detailed information about Boo Koo, including Boo Koo's financial
statements for the years ended December 31, 2005 and 2006 and the three months
ended March 31, 2006 and 2007.
Forward-looking
Statements
This
news
release contains "forward-looking statements" made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995, including
statements related to the option to purchase additional securities.
Forward-looking statements include statements with respect to the Company's
beliefs, plans, objectives, goals, expectations, anticipations, assumptions,
estimates, intentions, and future performance, and involve known and unknown
risks, uncertainties and other factors, which may be beyond the Company's
control, and which may cause the Company's actual results, performance or
achievements to be materially different from future results, performance or
achievements expressed or implied by such forward-looking statements, including
its reliance on distributors of its products, its ability to manage inventory,
its ability to maintain relationships with customers, its reliance on third
parties to produce and package its products, its limited operating history,
the
availability and cost of raw materials, effects of competition and the other
factors to listed under "Risk Factors" in its filings with the SEC. All
statements other than statements of historical fact are statements that could
be
forward-looking statements. The Company assumes no obligation to update the
information contained in this news release.
Contact:
Steve
Ruffini
CFO
Boo
Koo
Beverages, Inc.
972-818-3862
ext. 280
steve.ruffini@bookooenergy.com

text:
Boo
Koo Beverages, Inc.

text: Captech Financial

text: Boo Koo Beverages, Inc.

text: Captech Financial Group

text: Captech Financial Group

text: Dan Lee

text: Steve Ruffini

text: Roth Capital Partners, LLC

text:
Aspen
Equity Partners, LLC.

text:
Steve
Ruffini

text:
Boo
Koo
Beverages, Inc.


text:
EX-99
7
x991-ist.txt
PRESS RELEASE
EXHIBIT 99.1
INFOCROSSING LOGO
FOR RELEASE 7:30 AM EST
CONTACTS:
Chairman and Chief Executive Officer Chief Financial Officer
Zach Lonstein William McHale
Infocrossing, Inc. Infocrossing, Inc.
(201) 840-4726 (201) 840-4732
zlonstein@infocrossing.com wmchale@infocrossing.com
Media Relations Investor Relations
Michael Wilczak Matthew Hayden
Infocrossing, Inc. Hayden Communications, Inc.
(201) 840-4941 (858) 704-5065
mwilczak@infocrossing.com
INFOCROSSING COMPLETES ACQUISITION OF (I)STRUCTURE FROM LEVEL 3
LEONIA, NJ, DECEMBER 1, 2005 -- INFOCROSSING, INC. (NASDAQ: IFOX) a provider of
selective IT and business process outsourcing solutions, announced today that it
has closed the previously announced acquisition of IT outsourcing company
(i)Structure, LLC, from a wholly owned subsidiary of Level 3 Communications,
Inc. (Nasdaq: LVLT). Infocrossing paid a total of $82.3 million in cash plus
346,597 shares of Infocrossing stock. Infocrossing funded the cash portion of
the purchase price through a combination of the net proceeds of $67.0 million
from a new $70 million, debt facility which matures April 14, 2009, the net
proceeds from the sale/leaseback of certain real estate assets of $11.4 million,
and the remainder with available cash.
(i)Structure, headquartered in Broomfield, CO, provides computing operations and
managed infrastructure services to enterprise clients from data centers located
in the central and western United States, and is recognized for their deep
expertise across computing platforms and commitment to client satisfaction. The
company's business model is based on signing clients to long-term contracts for
managing mainframe, midrange and open system computing platforms, and related
network and security services.
"We're pleased to complete this transaction, and welcome the employees and
customers of (i)Structure to Infocrossing", stated Zach Lonstein, Chairman and
Chief Executive Officer of Infocrossing. "In just a few short years, we've
transformed Infocrossing from a regional IT services company, into a national
provider of IT-enabled outsourcing solutions. The addition of (i)Structure
strengthens our position in the IT outsourcing market, adds to our capabilities
in distributed systems and networking services, and provides us with greater
sales and market synergies [that we expect to drive our revenue growth", Mr.
Lonstein added. "Together, we have a solid platform of data centers, expertise,
solutions and clients to build Infocrossing into one of the premier providers of
IT-enabled outsourcing solutions".
(i)Structure is expected to add approximately $76 million to Infocrossing's
gross revenue during the next twelve months. The companies' complementary
business models are expected to result in cost synergies across sales,
operations and administrative functions. The synergies are expected to be
realized throughout 2006 and result in approximately $9 million to $11 million
in annual savings once fully implemented.
In connection with the acquisition, Michael Jones, the former President and
Chief Executive Officer of (i)Structure, has become President of IT Outsourcing
for Infocrossing, responsible for the sale and service delivery of
Infocrossing's IT outsourcing services. Lee Fields, who joined Infocrossing in
August 2005 as President of IT Outsourcing, has been appointed to the new
position of Executive Vice President, Marketing and Business Development for the
Company. Both Lee Fields and Michael Jones will report directly to Robert
Wallach, Infocrossing's Vice-Chairman, President, and Chief Operating Officer.
Mr. Jones brings tremendous experience and demonstrated success to his new role.
As President and CEO of (i)Structure, he is credited with expanding the
company's portfolio of outsourcing services, building strong relationships with
industry analysts, growing awareness of (i)Structure in the market, and
implementing a sales process that resulted in $77 million in new contract
signings during the ninety days prior to the announcement of the acquisition on
October 25, 2005.
"We're excited about joining a company that is exclusively focused on the
outsourcing market, and believe this is a tremendous opportunity for our
clients, employees and shareholders", Mr. Jones stated. "Infocrossing is a
respected outsourcing company that has demonstrated significant growth and an
unwavering commitment to client satisfaction. Together we have a larger
geographic footprint, greater economies of scale and broader services that will
enhance our position in the market, and strengthen the value of our outsourcing
solutions", Mr. Jones concluded.
More information about the acquisition is available at
www.infocrossing.com/istructure. In addition, a teleconference has been
scheduled for December 12, 2005 at 4:30 PM Eastern Time to discuss the
acquisition with the financial community. Anyone interested in participating in
the call can join via the Company's website,
http://www.infocrossing.com/istructure, or dial into the call directly at
1-800-683-1565 or 1-973-409-9259 for international callers, at least ten minutes
prior to the start of the call.
ABOUT INFOCROSSING, INC. (http://www.infocrossing.com)
Infocrossing, Inc. (IFOX) is a provider of selective IT outsourcing services,
delivering the computing platforms and proprietary systems that enable
companies, regardless of industry, to process data and share information within
their business, and between their customers, suppliers and distribution
channels. Leading companies leverage Infocrossing's robust computing
infrastructure, skilled technical team, and process-driven operations to reduce
costs and improve service delivery by outsourcing the operation of mainframes,
mid-range, open system servers, networks, and business processes to
Infocrossing.
Safe Harbor Statement
This release contains forward-looking statements within the meaning of Section
21E of the Securities Exchange Act of 1934, as amended. As such, final results
could differ from estimates or expectations due to risks and uncertainties,
including, but not limited to: incomplete or preliminary information; changes in
government regulations and policies; continued acceptance of the Company's
products and services in the marketplace; competitive factors; closing contracts
with new customers and renewing contracts with existing customers on favorable
terms; expanding services to existing customers; new products; technological
changes; the Company's dependence upon third-party suppliers; intellectual
property rights; difficulties with the identification, completion, and
integration of acquisitions, including the integration of Infocrossing
Healthcare Services, Inc., f/k/a Verizon Information Technologies Inc., and
(i)Structure, LLC and other risks. For any of these factors, the Company claims
the protection of the safe harbor for forward-looking statements contained in
the Private Securities Litigation Reform Act of 1995, as amended.

text: INFOCROSSING

text: Zach Lonstein

text: Infocrossing, Inc.

text: Infocrossing, Inc.

text: Infocrossing, Inc.

text: INFOCROSSING

text: INFOCROSSING, INC.

text: (i)Structure, LLC

text: Infocrossing

text: Infocrossing

text: Infocrossing

text: Infocrossing

text: Zach Lonstein

text: Infocrossing

text: Infocrossing

text: Infocrossing

text: Infocrossing

text: Infocrossing

text: Infocrossing

text: Infocrossing

text: Infocrossing

text: Infocrossing

text: INFOCROSSING, INC.

text: Infocrossing, Inc.

text: Infocrossing

text: Infocrossing

text: Infocrossing

text: (i)Structure, LLC


text:
EX-99.2
6
yuma_ex992.htm
PRESS RELEASE
Blueprint
Exhibit 99.2
NEWS
RELEASE
YUMA ENERGY, INC. ANNOUNCES COMPLETION OF MERGER WITH DAVIS
PETROLEUM ACQUISITION CORP. AND ENTRY INTO NEW CREDIT
FACILITY
HOUSTON,
TEXAS - October 26, 2016 - Yuma Energy, Inc. (NYSE MKT:
YUMA) ("Yuma") and privately held Davis Petroleum
Acquisition Corp. ("Davis") jointly announced today
that the Davis / Yuma merger was consummated on October 26, 2016 in
an all-stock transaction, with Davis becoming a wholly-owned
subsidiary of Yuma. Both Yuma and Davis stockholders approved the
transaction at special meetings of their respective stockholders on
October 26
th
. The combined
company will be led by Sam L. Banks, Yuma's President and
Chief Executive Officer.
As part
of the transaction and as previously announced, Yuma reincorporated
from California into Delaware, converted each share of its existing
Series A Preferred Stock into 35 shares of common stock and
implemented a 1-for-20 reverse split of its common stock. Yuma and
Davis then completed their merger, under which Yuma issued
additional shares of common stock resulting in approximately 61.1%
of Yuma's now outstanding common stock being owned by the
former Davis stockholders. Also, in the merger, Yuma issued
approximately 1.75 million shares of a new Series D Preferred Stock
to former Davis preferred stockholders, which has a conversion
price of approximately $11.074 per share, with a liquidation
preference of approximately $19.4 million. The Series D Preferred
Stock will be paid dividends in the form of additional shares of
Series D Preferred Stock at a rate of 7% per annum. The merger is
being treated as a tax-deferred reorganization under Section 368(a)
of the Internal Revenue Code.
The
Company also announced its newly constituted board of directors
consisting of Richard K. Stoneburner (non-executive Chairman), Sam
L. Banks, James W. Christmas, Frank A. Lodzinski, and new directors
Stuart E. Davies, Neeraj Mital and J. Christopher
Teets.
Yuma's
President and Chief Executive Officer, Sam L. Banks, said,
"We are pleased to have completed the Davis merger and are
excited about the future of the combined companies. The combination
creates a company with significantly improved cash flows and
production with a multiyear inventory of growth opportunities. Our
experience in the oil and gas business, combined with our Board of
Directors' knowledge, positions us to achieve significant
growth in stockholder value".
Computershare,
the Company's transfer agent, will mail letters of
transmittal to all Yuma and Davis stockholders of record with
instructions on how to deliver their stock certificates in
connection with Yuma's reincorporation into Delaware and the
Davis merger in order to obtain new certificates. Yuma and Davis
stockholders should not surrender their stock certificates until
they have completed the letter of transmittal.
1
Northland
Capital Markets, Euro Pacific Capital and ROTH Capital Partners,
LLC acted as financial advisors to Yuma in the transaction. Jones
& Keller, P.C., Denver, Colorado, was legal counsel to Yuma in
the transaction. Porter Hedges LLP, Houston, Texas, was legal
counsel to Davis in the transaction.
Credit Agreement
In
connection with the Davis merger, on October 26, 2016, Yuma entered
into a Credit Agreement providing for a $75.0 million 3-year
revolving credit facility (the "Credit Agreement") with
SG Americas Securities, LLC ("SG Americas") as Lead
Arranger and Bookrunner, Société Générale S.A.
("Société Générale") as
Administrative Agent and the lenders party thereto. The Credit
Agreement replaces Yuma's existing credit agreement. The
initial borrowing base of the credit facility is $44.0 million, and
is subject to redetermination as of January 1, 2017 as well as
April 1
st
and October 1
st
of each year. All
of the obligations under the Credit Agreement, and the guarantee of
those obligations, are secured by substantially all of the assets
of Yuma and customary financial covenants have been
made.
About Yuma Energy, Inc.
Yuma
Energy, Inc. is an independent Houston-based exploration and
production company focused on acquiring, developing and exploring
for conventional and unconventional oil and natural gas resources,
primarily in the U.S. Gulf Coast and California. Yuma has employed
a 3-D seismic-based strategy to build a multi-year inventory of
development and exploration prospects. Yuma's operations are
currently focused on onshore properties located in central and
southern Louisiana, where it is targeting the Austin Chalk,
Tuscaloosa, Wilcox, Frio, Marg Tex and Hackberry formations. Its
recently acquired company-operated properties in the Davis
transaction are conventional fields located onshore in south
Louisiana and the upper Texas Gulf Coast, and the newly acquired
non-operated properties include Eagle Ford and Eaglebine properties
in east Texas. In addition, Yuma has a non-operated position in the
Bakken Shale in North Dakota and operated positions in Kern and
Santa Barbara Counties in California. Yuma's common stock is traded
on the NYSE MKT under the trading symbol "YUMA." For more
information about Yuma Energy, Inc., please visit Yuma's website
at
www.yumaenergyinc.com
.
2
Forward-Looking Statements
This
release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended (the
"Securities Act"), and Section 21E of the Securities Exchange Act
of 1934, as amended (the "Exchange Act"). Statements that are not
strictly historical statements constitute forward-looking
statements and may often, but not always, be identified by the use
of such words such as "expects", "believes", "intends,"
"anticipates", "plans", "estimates", "potential", "possible", or
"probable" or statements that certain actions, events or results
"may", "will", "should", or "could" be taken, occur or be achieved.
The forward-looking statements include statements about future
operations, estimates of reserve and production volumes, and the
anticipated timing for closing the proposed merger. Forward-looking
statements are based on current expectations and assumptions and
analyses made by Yuma in light of experience and perception of
historical trends, current conditions and expected future
developments, as well as other factors appropriate under the
circumstances. However, whether actual results and developments
will conform with expectations is subject to a number of risks and
uncertainties, including but not limited to: problems may arise in
the integration of the operations of Yuma and Davis; the risks of
exploration and production segment of the oil and gas industry (for
example, operational risks in exploring for, developing and
producing crude oil and natural gas); risks and uncertainties
involving geology of oil and gas deposits; the uncertainty of
reserve estimates; revisions to reserve estimates as a result of
changes in commodity prices; the uncertainty of estimates and
projections relating to future production, costs and expenses;
potential delays or changes in plans with respect to exploration or
development projects or capital expenditures; health, safety and
environmental risks and risks related to weather; declines in oil
and gas prices; inability of management to execute its plans to
meet its goals, shortages of drilling equipment, oil field
personnel and services; unavailability of gathering systems,
pipelines and processing facilities; and the possibility that
government policies may change. Yuma's annual report on Form 10-K/A
for the year ended December 31, 2015, quarterly reports on Form
10-Q, recent current reports on Form 8-K, and other Securities and
Exchange Commission ("SEC") filings discuss some of the important
risk factors identified that may affect Yuma's business,
results of operations, and financial condition. Yuma undertakes no
obligation to revise or update publicly any forward-looking
statements, except as required by law.
For
more information, please contact:
James
J. Jacobs
Treasurer
and Chief Financial Officer
Yuma
Energy, Inc.
1177
West Loop South, Suite 1825
Houston,
Texas 77027
Telephone:
(713) 968-7000
3

text: YUMA ENERGY, INC.

text:
DAVIS
PETROLEUM ACQUISITION CORP.

text: Yuma Energy, Inc.

text:
Davis Petroleum
Acquisition Corp.

text: Euro Pacific Capital

text:
ROTH Capital Partners,
LLC

text:
Jones
& Keller, P.C.

text: Porter Hedges LLP

text: Yuma Energy, Inc.

text:
Yuma
Energy, Inc.

text: Yuma Energy, Inc.

text:
James
J. Jacobs

text:
Yuma
Energy, Inc.


text:
EX-99
10
press-release.htm
EXH 99-1 PRESS RELEASE
EXHIBIT 99.1
PRESS RELEASE DATED JANUARY 17, 2007
PRESS RELEASE
PATCH INTERNATIONAL INC.
January 17, 2007
(OTCBB:PTCH)
(Frankfurt: PQGB)
Patch International Inc. Announces completion of Second Canadian Oilsands Acquisition and Appointment of Additional Directors
Patch International Inc. ("Patch" or the "Corporation") (OTCBB:PTCH, Frankfurt: PQGB) is pleased to announce that it has completed the acquisition of all of the issued and outstanding securities of 1289307 Alberta Ltd.. ("Holdco"), a private corporation incorporated under the laws of Alberta (the "Transaction"), as previously announced in the press release of Patch dated December 22, 2006.
The acquisition was completed by way of exempt take-over bid, pursuant to a share exchange agreement between Patch, Patch Energy Inc. ("Patch Energy") (a wholly-owned subsidiary of Patch), Holdco and the holders of all of the issued and outstanding securities of Holdco (the "Share Exchange Agreement"), the holders of all of the issued and outstanding securities of Holdco exchanged their Holdco common shares for Series A Preferred Shares (the "Exchangeable Shares") of Patch Energy on a basis of one (1) Exchangeable Share for every one (1) Holdco common shares. Pursuant to the Transaction, 500,000 Exchangeable Shares were issued to the former securityholders of Holdco. Each Exchangeable Share is exchangeable, at the discretion of the holder, into one (1) common share of Patch.
Pursuant to an Exchange and Voting Trust Agreement entered into between Patch, Patch Energy and 1286664 Alberta Ltd. (the "Trustee"), the agreement stipulates the means by which (i) the holders of Exchangeable Shares will have voting rights in Patch; (ii) the Trustee will hold one (1) Class B Preferred Voting Share of Patch (the "Patch Preferred Share"); and (iii) the holders of Exchangeable Shares exercise their rights of conversion of the Exchangeable Shares, Patch issued one (1) Patch Preferred Share to the Trustee. The Patch Preferred Share has voting rights of 500,000 votes per Patch Preferred Share. The Trustee shall exercise the voting rights (and other rights attached to the Patch Preferred Share) for and on behalf of all of the holders of the Exchangeable Shares. Patch, Patch Energy and the Trustee also entered into a support agreement in respect of the Transaction.
It is the current intention of Patch to file a registration statement in the United States and to file a qualifying prospectus in Province of Alberta, so that the Patch common shares issuable upon conversion of the Exchangeable Shares will be freely tradable in the future.
Pursuant to the Transaction, Mark L. Bensten of Calgary, Alberta, Rod Maxwell of Calgary, Alberta and Greg Belzberg of Los Angeles, California were appointed as directors of Patch.
Mark Bentsen, Director
Mr. Mark Bentsen is the founder, President and CEO of Cathedral Energy Services Trust (TSX: CET.UN) http://www.cathedralenergyservices.com, a drilling services company that has grown to a market capitalization over $300 million, revenues over $100 Million and over 650 employees. Mr. Bentsen was the Vice-President of Corporate Development for Akita Drilling from 1993 to 1998 and has over 20 years of oilfield experience.
1
Rod Maxwell, Director
Mr. Rod Maxwell, CA, CBV, is Managing Director of StoneBridge Merchant Capital Corp.
(http://www.stonebridge.net), a private equity investment firm, located in Calgary, Alberta, that invests in both growing private companies and private or public companies interested in pursuing a corporate restructuring. Mr. Maxwell is currently the lead Trustee of Cathedral Energy Services Income Trust, director of Cathedral Energy Services Ltd. and has served as a member of the board of directors of a number of other private and public companies. Mr. Maxwell holds a Bachelor of Commerce degree from the University of Calgary and is a Chartered Accountant and is a member of both the Alberta and Canadian Institute of Chartered Accountants. In addition Mr. Maxwell is a Chartered Business Valuator and is a member of the Canadian Institute of Chartered Business Valuators.
Greg Belzberg, Director
Mr. Greg Belzberg is a partner in Veritas Real Estate Investments, (http://www.veritasri.com/) a real estate development and investment company, located in Los Angeles, California. Mr. Belzberg is currently a director of Arsenal Energy Inc. (http://www.arsenalenergy.com/) a resource company listed on the TSX Exchange under the symbol AEI and has served as a member of the board of directors of a number of other private and public companies. Mr. Belzberg founded, acted as President and later sold two successful private businesses: Bar None Enterprises in the hospitality industry and BNW Travel Management in the travel and tourism sector. Mr. Belzberg has extensive investment and finance experience from handling personal and family business matters. He is a graduate from Georgetown University with a B.A. in Business Administration.
Commenting on the appointments, Patch President & CEO, Mr. Michael S. Vandale said: "I am delighted that Mark, Rod and Greg are joining the Board as their participation will be invaluable as we enter our next phase of growth and push forward in our Alberta oil sands operations".
FOR FURTHER INFORMATION PLEASE CONTACT:
Michael S. Vandale
Patch International Inc., President and Chief Executive Officer
1-888-864-7372
email: mvandale@patchenergy.com.
Investor Relations
Patch International Inc.
888-864-7372
Email: info@patchinternational.com
Please visit Patch's corporate website at www.patchenergy.com.
No regulatory authority has passed upon the merits of the proposed transaction and has not approved nor disapproved the contents of this press release.
This news release contains certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical fact, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Corporation expects to occur, are forward looking statements. Forward
2
looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans" "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Information inferred from the interpretation of drilling results and information concerning mineral resource estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. Although the Corporation believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual
results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Patch's management on the date the statements are made. The Corporation undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. For further information investors should review the Corporation's filings that are available at www.edgar.com.
3

text: PATCH INTERNATIONAL INC.

text: Patch International Inc.

text: Patch International Inc.

text: 1289307 Alberta Ltd.

text: Patch Energy Inc.

text: Rod Maxwell

text: Greg Belzberg

text: Mark Bentsen

text: Mark Bentsen

text: Rod Maxwell

text: Rod Maxwell

text: StoneBridge Merchant Capital Corp.

text: Greg Belzberg

text: Greg Belzberg

text: Michael S. Vandale

text: Michael S. Vandale

text: Patch International Inc.

text: Patch International Inc.


text:
EX-99.1
2
dex991.htm
PRESS RELEASE
Press Release
Exhibit 99.1
Natus Acquires Medix - Leading Newborn Care Company in Latin America
- Releases Preliminary Third Quarter 2010 Revenue Results and Updates 2010 Revenue Guidance
SAN CARLOS, Calif. (October 13, 2010) - Natus Medical Incorporated
(Nasdaq:BABY) today announced that it has acquired Medix, a leader in the
development, manufacturing, and sales of devices for newborn care in Latin America. Medix, based in Argentina, manufactures incubators for use in hospital nurseries and neonatal intensive care units, transport incubators for use in ambulances and
other emergency vehicles, infant warmers, and LED based phototherapy devices.
Natus acquired all outstanding shares of Medix capital stock
for $14 million in cash, exclusive of direct costs of the acquisition, with the potential for additional purchase consideration if certain revenue targets are met in 2011 and 2012. Natus expects the acquisition will be accretive to earnings in the
first quarter of 2011, exclusive of potential restructuring and other one-time charges. Medix expects to record approximately $26 million of revenue for its fiscal year ending October 31, 2010.
"The Medix acquisition affirms our leadership position in newborn care products sold into the hospital", said Jim Hawkins, President and Chief
Executive Officer of Natus. "Expanding into the incubator and infant warmer markets enlarges our footprint in both the nursery and neonatal intensive care units of hospitals around the globe".
"In addition, this acquisition positions Natus as a leader in newborn care in the growing Latin America marketplace. We believe this acquisition
will allow us an efficient entry into the Brazilian market, which represents the seventh largest economy in the world", added Hawkins. "Having this presence in South America will assist Natus in other markets in the region as well. We plan
to retain the Medix executive team, as they have demonstrated the ability to effectively manage the business, maintaining both growth and profitability".
"We plan to leverage our worldwide sales and distribution organization, as Medix currently generates less than ten percent of its revenue from outside of South America. We believe the Medix product
lines are ideal for many markets around the world. In addition, because many of their products have current FDA clearance, we may bring their products into the US market through our direct sales force", said Hawkins.
"We are also pleased to report that with the acquisition of Medix, we expect to substantially achieve two of our long-standing corporate goals:
exiting 2010 with a revenue run rate of $250 million and generating approximately 50% of our revenue from international markets", noted Hawkins.
Natus funded the acquisition through available cash.
Third Quarter 2010 Revenue Results and
Updated 2010 Revenue Guidance
Natus also released preliminary third quarter 2010 revenue results and updated its revenue guidance for the
full year 2010, giving effect to the Medix acquisition.
For the third quarter ended September 30, 2010, Natus expects to report revenue of approximately $53.4
million. The Company had earlier said it expected revenue to be approximately $54 million for the period.
"We had expected the receipt
of several large orders in the last weeks of the third quarter", added Hawkins. "Although those orders were delayed, we expect to receive them during the fourth quarter. In noting this, we are reiterating our previously announced annual
revenue guidance for 2010, exclusive of the contribution of Medix".
For the full year 2010, the Company now expects to report revenue of
approximately $217 million, including the contribution of Medix in the fourth quarter. The Company had earlier said it expected 2010 revenue would be approximately $211 million.
Financial Results Conference Call
The Company intends to release its full 2010 third
quarter financial results before the market opens on Thursday, October 28, 2010. Natus management will host an investment-community conference call the same day beginning at 11:00 a.m. Eastern Time (8:00 a.m. Pacific Time) to discuss those
results, the Medix acquisition, and to answer questions.
Individuals interested in listening to the conference call may do so by dialing
800-659-1942 for domestic callers, or 1- 617-614-2710 for international callers, and entering reservation code 99278684. A telephone replay will be available for 48 hours following the conclusion of the call by dialing 888-286-8010 for domestic
callers, or 1-617-801-6888 for international callers, and entering reservation code 58205263.
The conference call also will be available
real-time via the Internet at http://investor.natus.com, and a recording of the call will be available on the Company's Web site for 90 days following the completion of the call.
About Medix
Medix is a medical device company located in Argentina. Since 1972 Medix has
developed, manufactured and marketed intensive care infant incubators, transport incubators, infant radiant warmers and phototherapy lamps as well as accessories and complementary equipment for neonatology. Medix also markets imported products for
the neonatal, pediatric, and adult intensive care markets.
Additional information about Medix can be found at
http://www.medix.com.ar
.
About Natus Medical
Natus
is a leading provider of healthcare products used for the screening, detection, treatment, monitoring and tracking of common medical ailments in newborn care, hearing impairment, neurological dysfunction, epilepsy, sleep disorders, and balance and
mobility disorders. Product offerings include computerized neurodiagnostic systems for audiology, neurology, polysomnography, and neonatology, as well as newborn care products such as hearing screening systems, phototherapy devices for the treatment
of newborn jaundice, head-cooling products for the treatment of brain injury in newborns, and software systems for managing and tracking disorders and diseases for public health laboratories.
This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, particularly statements regarding the expectations, beliefs, plans, intentions
and strategies of Natus. These forward-looking statements include, but are not limited to, statements regarding the receipt of several large orders in the fourth quarter 2010, expected revenue in the third quarter and full
year 2010, expansion into other markets, the anticipated revenue run rate of Natus, and the geographic breakdown of revenue. These statements relate to current estimates and assumptions of our
management as of the date of this press release. Future events or Natus' future financial performance or results involve known and unknown risks, uncertainties, and other factors that may cause actual results, levels of activity, performance,
or achievements to differ materially from those expressed or implied by the forward-looking statements, including the ability to successfully integrate and operate the Medix business, competitive factors in our markets, general economic conditions
in our markets, and our ability to produce and ship products in a timely manner. Natus disclaims any obligation to update information contained in any forward looking statement.
More information about potential risk factors that could affect the business and financial results of Natus is included in Natus' annual report on Form 10-K for the year ended December 31, 2009,
and its quarterly reports on Form 10-Q, and in other reports filed from time to time by Natus with the U.S. Securities and Exchange Commission.
Additional information about Natus Medical can be found at
www.natus.com
.
COMPANY CONTACT:
Natus Medical Incorporated
Steven J. Murphy
Chief Financial Officer
(650) 802-0400
InvestorRelations@Natus.com

text: Natus

text: Medix

text: Natus Medical Incorporated

text: Medix

text: Medix

text: Natus

text: Medix

text: Natus

text: Medix

text: Medix

text: Jim Hawkins

text: Natus

text: Natus

text: Natus

text: Medix

text: Medix

text: Medix

text: Medix

text: Natus

text: Natus

text: Medix

text: Natus

text: Medix

text: Medix

text: Natus

text: Medix

text: Medix

text: Medix

text: Medix

text: Medix

text: Medix

text: Natus

text: Natus

text: Natus

text: Natus

text: Medix

text: Natus

text: Natus

text: Natus

text: Natus

text: Natus Medical Incorporated

text: Steven J. Murphy


text:
EX-99.1
2
e604342_ex99-1.txt
CHINA ORGANIC AGRICULTURE SIGNS TWO NEW SALES CONTRACTS
China Organic Agriculture Signs Two New Sales Contracts Worth a Combined $5
Million
Contracts Through CNOA's Ankang Subsidiary Call for Over 8,000 Tons of Green
Rice Shipments by March 2009
LOS ANGELES and LIAONING, China - China Organic Agriculture, Inc. (OTCBB: CNOA),
a growth-driven agricultural products company, today announced two new sales
contracts worth a combined $5 million, relating to over 8,000 tons of green rice
to be shipped by March 2009.
The contracts are with Beijing Jingu Hengfa Trading Co., Ltd. ("Beijing Jingu
Hengfu") and Shenzhen Shenjinda Agricultural By-Product Trading Co., Ltd.
("Shenzhen Shenjinda"). The contract with Beijing Jingu calls for 3,500 tons of
organic rice at roughly $2 million and the contract with Shenzhen Shenjinda
calls for 5,200 tons of organic rice at roughly $3 million, respectively.
Both companies are well-regarded rice distributors in their particular supply
regions. Beijing Jingu Hengfa maintains distribution channels near Beijing and
China's northernmost provinces, while Shenzhen Shenjinda focuses on the
mainland's southern regions near Hong Kong.
"It's exciting to see further sale contracts come through", said Jinsong Li,
Chief Executive Officer of China Organic. "These sales will add to our fourth
quarter financials, as well as our first quarter for the year 2009. The
contracts illustrate how Ankang continues to execute sales targets as we benefit
from the harvest season in 2008".
About China Organic Agriculture
China Organic Agriculture is an active trader of agricultural products in China.
The Company's high-growth business plan is designed to enable it to capitalize
effectively on China's burgeoning economy and expanding class of consumers with
the ability to acquire upscale products. The Company has developed an extensive
distribution network throughout many of China's major cities, including Beijing,
Shanghai and Nanjing, and is positioned to leverage those networks to establish
broad distribution of a number of agricultural, food and related premium
products. The Company has experienced significant growth since its inception in
2002 and has implemented a number of strategic initiatives to expand sales and
revenues. For more information, please visit: www.chinaorganicagriculture.com
FORWARD-LOOKING STATEMENTS: This document includes forward-looking statements.
Forward-looking statements include, but are not limited to, statements
concerning future acquisitions, estimates of, and increases in, production, cash
flows and values, statements relating to the continued advancement of China
Organic Agriculture's products and other statements which are not historical
facts. When used in this document, the words such as "could", "plan,"
"estimate", "expect", "intend", "may", and similar expressions are
forward-looking statements. Although China Organic Agriculture Inc. believes
that its expectations reflected in these forward-looking statements are
reasonable, such statements involve risks and uncertainties and no assurance can
be given that actual results will be consistent with these forward-looking
statements. Important factors that could cause actual results to differ from
these forward-looking statements include, but are not limited to, those set
forth in our reports filed with the Securities and Exchange Commission, together
with the risks discussed in our press releases and other communications to
shareholders issued by us from time to time, such as our ability to raise
capital as and when required, the availability of raw products and other
supplies, competition, the costs of goods, government regulations, and political
and economic factors in the People's Republic of China in which our subsidiaries
operate.
Contact:
Steve Wan
China Organic Agriculture, Inc.
310-441-9777
stevewan@chinaorganicagriculture.com
Darren Minton
China America Financial Communications Group
212-823-0523
chinaorganic@cafcg.com

text: CHINA ORGANIC AGRICULTURE

text: China Organic Agriculture

text: China Organic Agriculture, Inc.

text: Beijing Jingu Hengfa Trading Co., Ltd.

text: Beijing Jingu

text: Shenzhen Shenjinda

text: Beijing Jingu

text: Shenzhen Shenjinda

text: Shenzhen Shenjinda

text: Jinsong Li

text: China Organic Agriculture

text: China Organic Agriculture

text:
China
Organic Agriculture

text: China Organic Agriculture, Inc.