text:
EX-99.1
2
v206909_ex99-1.htm
Gladstone Investment Announces Sale of Equity
Investment in and Debt Repayment by Chase Doors
MCLEAN, Va., Jan. 3, 2011 /PRNewswire-FirstCall/ -- Gladstone Investment
Corporation (Nasdaq: GAIN) (the "Company") announced that on December 30, 2010,
it sold its equity investment and received full repayment of its debt investment
in Chase II Holding Corporation ("Chase Doors"). In March 2006, the Company made
its original equity investment and provided debt financing in support of a
management-led buyout of Chase Doors.
(Logo: http://photos.prnewswire.com/prnh/20101005/GLADSTONEINVESTMENT)
"Gladstone Investment has enjoyed an excellent relationship with the talented
management team at Chase Doors. The team achieved outstanding results in
growing the business and building value in a challenging economic environment,"
said Dave Dullum, the Company's President. "In addition to the monthly
dividends we pay to our stockholders from the current income on our debt and
mezzanine investments, we also seek to achieve capital gains from the equity
portions of our investments. In this regard, the Chase Doors transaction,
similar to the A. Stucki Holding Corporation exit in June 2010, is a significant
and successful realization of a capital gain from our investment strategy".
Gladstone Investment Corporation is a publicly traded business development
company that seeks to make debt and equity investments in small and mid-sized
businesses in the United States in connection with acquisitions, changes in
control and recapitalizations. Additional information on this sale and the
business of all the Gladstone Funds can be found at http://www.gladstonecompanies.com/.
For Investor Relations inquiries related to any of the monthly dividend
paying Gladstone Funds, please visit http://www.gladstone.com/.
Forward-looking Statements:
The statements in this press release regarding the longer-term prospects
of the Company's investment strategy, future capital gains, and expected
continued payment of dividends are "forward-looking statements." These
forward-looking statements inherently involve certain risks and uncertainties,
although they are based on the Company's current plans that are believed to be
reasonable as of the date of this press release. Factors that may cause the
Company's actual results to differ from these forward-looking statements
include, among others, the duration and potential future effects of the current
economic downturn on its portfolio companies and on the senior loan market and
those factors listed under the caption "Risk Factors" of the Company's Form
N-2/A, as filed with the SEC on November 22, 2010. The risk factors set forth in
the Form N-2/A under the caption "Risk Factors" are specifically incorporated by
reference into this press release. The Company undertakes no obligation to
publicly update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise.
CONTACT: Investor Relations, +1-703-287-5893

text:
Gladstone Investment
Corporation

text: Dave Dullum

text: Gladstone Investment Corporation


dataset: buster

text:
EX-99.1
3
ex99-1.htm
Royal
Energy Resources Acquires Majority Interest and Control of Rhino Resource Partners
CHARLESTON,
SC-(Marketwired - Mar 18, 2016) - Royal Energy Resources, Inc. ("Royal") (OTCQB: ROYE) is pleased to announce
that effective March 17, 2016 it has assumed control of Rhino Resource Partners, LP ("
Rhino
") (OTCQB: RHNO),
with the acquisition of all of the issued and outstanding membership interests of Rhino GP LLC, the general partner of Rhino,
as well as 9,455,252 issued and outstanding Subordinated Units from Wexford Capital LP ("Wexford").
The
Subordinated Units purchased by Royal represent 76.5% of the issued and outstanding Subordinated Units of Rhino, and when combined
with the Common Units acquired by Royal from Wexford on January 21, 2016, result in Royal owning 55.4% of the outstanding Units
of Rhino. As a result of the transaction, Royal has obtained majority ownership interest and control of Rhino.
The
acquisition was closed in two separate transactions in order for Royal to secure the requisite change of control under Rhino's
$90 million senior secured credit agreement with its lenders. Royal was granted the change of control and the parties closed concurrently
with the lenders' approval.
William
Tuorto, Royal's Chairman and Chief Executive Officer, commented, "We believe Rhino represents one of the few remaining
value plays; a company with high-quality assets, limited debt, cash flow positive, and a strong book value. Rhino's management
team is incredibly proficient, and we look forward to working with them to continue to optimize their assets and operations".
About
Rhino Resource Partners, LP
Rhino
Resource Partners, LP is a diversified energy company focused on coal and energy related assets and activities, including energy
infrastructure investments. Rhino operated nine mines, including four underground and five surface mines, located in Kentucky,
Ohio, West Virginia and Utah. In addition to operating coal properties, Rhino manages and leases coal properties and collect royalties
from those management and leasing activities. Rhino's business includes investments in oilfield services for independent
oil and natural gas producers and land-based drilling contractors in North America. The investments provide completion and production
services including pressure pumping, pressure control, flowback, and equipment rental services, as well as produces and sell natural
sand proppant for hydraulic fracturing.
Rhino
currently controls an estimated 480.0 million tons of proven and probable coal reserves, consisting of an estimated 425.1 million
tons of steam coal and an estimated 54.9 million tons of metallurgical coal. Rhino also controls an estimated 290.0 million tons
of non-reserve coal deposits. Additional information regarding Rhino is available on its web site -
www.rhinolp.com
About
Royal Energy Resources, Inc.
Royal
Energy Resources, Inc. is focused on the acquisition of coal, oil and gas, and renewable energy assets. Royal believes that current
market conditions present a rare opportunity to purchase high-quality assets at a fraction of their book or enterprise values.
Additional information regarding Royal is available on its web site -
www.royalenergy.us
Forward
Looking Statements
This
press release includes forward-looking statements as defined in Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934 relating to matters such as prospects, anticipated operating and financial performance. Actual
prospects and performance may differ from anticipated results due to economic conditions and other risks, uncertainties and circumstances
partly or totally outside the control of the Company. These and other risks are described in the Company's reports filed
with the United States Securities and Exchange Commission. These forward-looking statements are made only as of the date of this
communication and Royal Energy Resources, Inc. undertakes no obligation to update or revise these forward-looking statements.
Readers
are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. Royal undertakes
no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of
new information, future events or otherwise, unless required by law.
● Oil,
Gas, & Consumable Fuels
Contact:
Investor
William
Tuorto
+1
843-900-7693

label: organization

text:
Royal
Energy Resources

text: Rhino Resource Partners

override: organization

text: Royal Energy Resources, Inc.

text: Royal

text: Rhino Resource Partners, LP

label: fund

text: Wexford Capital LP

override: fund

text: Wexford

text: Royal

text: Royal

text: Wexford

text: Royal

text: Royal

text: Royal

text: Royal

text: Royal

text: Rhino Resource Partners, LP

text:
Rhino
Resource Partners, LP

text: Royal Energy Resources, Inc.

text:
Royal
Energy Resources, Inc.

text: Royal

text: Royal

text: Royal Energy Resources, Inc.

text: Royal

source_dataset: expertai/BUSTER

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


text:
EX-99.2
5
d643979dex992.htm
EX-99.2
EX-99.2
Exhibit 99.2
Business Combination Between Praxair and Linde AG
Successfully Completed
Guildford, UK
(31
October 2018)
- Linde plc (NYSE: LIN; FWB: LIN) announced today the successful completion of the business combination between Praxair and Linde AG.
Starting today, Linde plc shares will commence trading on the New York Stock Exchange under the stock ticker symbol "LIN". On the Frankfurt Stock
Exchange, Linde plc commenced trading on 29 October 2018 also under the ticker symbol "LIN". Both Praxair and Linde AG tendered shares have been delisted from the New York and Frankfurt Stock Exchange respectively. Concurrent to the
delisting of Linde AG tendered shares, the stock ticker symbol for Linde AG untendered shares has changed to "LNA" and continues to be listed on the Frankfurt Stock Exchange.
As part of the business combination agreement, Praxair shareholders received one share of Linde plc for each Praxair share they had held. Linde AG
shareholders who accepted the exchange offer received 1.54 shares of Linde plc for each Linde AG share tendered under the exchange offer. Fractional shares will be aggregated and sold in accordance with the terms of the exchange offer document and
the business combination agreement. Shareholders with fractional shares will receive cash in an amount representing such holder's proportionate interest in the net proceeds from the sale.
Now that the business combination has been completed, the companies will focus on finalising the divestitures required by the respective antitrust
authorities. Necessary divestitures include, in particular, certain sales in the United States which Linde AG is required to complete by 29 January 2019. Until the completion of the majority of such divestitures, Linde AG and Praxair are
obliged to operate their businesses globally as separate and independent companies, and not coordinate any of their commercial operations.
About Linde
plc
Linde plc is a leading industrial gas and engineering company with market capitalization of approximately USD 90 billion (EUR 78 billion) and
2017 pro forma sales of USD 27 billion (EUR 24 billion). The company employs approximately 80,000 people globally and serves customers in more than 100 countries worldwide. Linde plc delivers innovative and sustainable solutions to its
customers and creates long-term value for all stakeholders. The company is
making our world more productive
by providing products, technologies and services that help customers improve their economic and environmental performance in a
connected world.
For more information about the company, please visit www.lindeplc.com.
Contacts
Investor Relations
Juan Pelaez
Email: juan_pelaez@praxair.com
Phone: +1 203 837 2213
Media Relations
Matthias Dachwald
Email: matthias.dachwald@linde.com
Phone: +49 89 35757
1333
Page 1 of 2
Forward-looking Statements
This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking
statements are based on our beliefs and assumptions on the basis of factors currently known to us. These forward-looking statements are identified by terms and phrases such as: anticipate, believe, intend, estimate, expect, continue, should, could,
may, plan, project, predict, will, potential, forecast, and similar expressions. These forward-looking statements include, but are not limited to, statements regarding benefits of the business combination, integration plans and expected synergies,
and anticipated future growth, financial and operating performance and results. Forward-looking statements involve risks and uncertainties that may cause actual results to be materially different from the results predicted or expected. No assurance
can be given that these forward-looking statements will prove accurate and correct, or that projected or anticipated future results will be achieved. Factors that could cause actual results to differ materially from those indicated in any
forward-looking statement include, but are not limited to: regulatory or other limitations imposed as a result of the business combination; the ability to successfully integrate the Praxair and Linde businesses; the risk that the consummation of the
business combination could have adverse effects on the market price of Linde's or Linde plc's shares or the ability of the companies to retain customers, retain or hire key personnel, maintain relationships with their respective suppliers
and customers, and on their operating results and businesses generally; the risk that Linde plc may be unable to achieve expected synergies or that it may take longer or be more costly than expected to achieve those synergies; state, provincial,
federal and foreign legislative and regulatory initiatives that affect cost and investment recovery, have an effect on rate structure, and affect the speed at and degree to which competition enters the industrial gas, engineering and healthcare
industries; outcomes of litigation and regulatory investigations, proceedings or inquiries; the timing and extent of changes in commodity prices, interest rates and foreign currency exchange rates; general economic conditions, including the risk of
a prolonged economic slowdown or decline, or the risk of delay in a recovery, which can affect the long-term demand for industrial gas, engineering and healthcare and related services; potential effects arising from terrorist attacks and any
consequential or other hostilities; changes in environmental, safety and other laws and regulations; the development of alternative energy resources; results and costs of financing efforts, including the ability to obtain financing on favorable
terms, which can be affected by various factors, including credit ratings and general market and economic conditions; increases in the cost of goods and services required to complete capital projects; the effects of accounting pronouncements issued
periodically by accounting standard-setting bodies; conditions of the debt and capital markets; market acceptance of and continued demand for the companies' products and services; changes in tax laws, regulations or interpretations that could
increase Praxair's, Linde's or Linde plc's consolidated tax liabilities; and such other factors as are set forth in Linde's annual and interim financial reports made publicly available and Praxair's and Linde plc's
public filings made with the SEC from time to time, including but not limited to those described under the heading "Risk Factors" in Linde plc's European Listing Prospectus, published on October 24, 2018, and Item 8.01 of Linde
plc's Current Report filed with the SEC on October 31, 2018, which is available via the SEC's Web site at www.sec.gov. The foregoing list of risk factors is not exhaustive. In light of these risks, uncertainties and assumptions, the
events described in the forward-looking statements might not occur or might occur to a different extent or at a different time than Linde, Praxair or Linde plc has described. All such factors are difficult to predict and beyond our control. All
forward-looking statements included in this document are based upon information available to Linde, Praxair and Linde plc on the date hereof, and each of Linde, Praxair and Linde plc disclaims and does not undertake any obligation to update or
revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Page 2 of 2

text: Praxair

text: Linde AG

text: Praxair

text: Linde AG

text: Praxair

text: Linde AG

text: Linde AG

text: Linde AG

text: Praxair

text: Praxair

text: Linde AG

text: Linde AG

text: Linde AG

text: Linde AG

text: Praxair

text: Praxair

text: Praxair

text: Praxair

text: Praxair

text: Praxair

text: Praxair


text:
EX-99.1
2
glt-ex991_63.htm
EX-99.1 PRESS RELEASE ISSUED MAY 14, 2021
glt-ex991_63.htm
Exhibit 99.1
NEWS RELEASE
Corporate Headquarters
4350 Congress Street, Suite 600
Charlotte, NC 28209 U.S.A.
www.glatfelter.com
For Immediate Release
Contacts:
Investors:
Media:
Ramesh Shettigar
Eileen L. Beck
(717) 225-2746
(717) 225-2793
GLATFELTER COMPLETES ACQUISITION OF GEORGIA-PACIFIC'S U.S. NONWOVENS BUSINESS
Charlotte, North Carolina - May 14, 2021
- Glatfelter Corporation (NYSE: GLT),
a leading global supplier of engineered materials, today
announced it has completed the previously announced acquisition of Georgia-Pacific's U.S. nonwovens business for $175
million, subject to customary purchase price adjustments.
The transaction includes Georgia-Pacific's Mount Holly, North Carolina airlaid manufacturing operation along with a
nonwovens product development operation and associated employees
in Memphis, Tennessee, which collectively employ approximately 140 people. The Mount Holly facility p
roduces high-quality airlaid products focused on wipes and table top materials. The new product development resources will enhance ongoing innovation efforts.
"
Today's announcement is a major step forward in Glatfelter's ongoing transformation as we expand the U.S. footprint of our Airlaid Materials segment. We are excited to welcome Mount Holly and Memphis employees to Glatfelter, and we look forward to combining forces with our Glatfelter team to achieve even greater levels of operational excellence, innovation, and world-class customer service. By leveraging these assets and employee talents, we are confident the synergies from this acquisition will attractively position us to capture and service long-term demand for health and hygiene products. We believe today's announcement further reinforces our ongoing commitment to make meaningful investments that add scale to the business and enhance Glatfelter's value in the markets we serve", said Dante C. Parrini, Chairman & Chief Executive Officer.
Glatfelter financed the acquisition through a combination of cash-on-hand and borrowing under its existing revolving credit facility.
Credit Suisse acted as Glatfelter's
financial advisor in connection with the transaction, and Shearman & Sterling LLP as its
legal advisor.
Caution Concerning Forward-Looking Statements
Any statements included in this press release which pertain to future financial and business matters are "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. The Company uses words such as "anticipates", "believes", "expects", "future", "intends", "plans", "targets", and similar expressions to identify forward-looking statements. Any such statements are based on the Company's current expectations and are subject to numerous risks, uncertainties and other unpredictable or uncontrollable factors that could cause future results to differ materially from those expressed in the forward-looking statements including, but not limited to, the impacts of the COVID-19 pandemic, changes in industry, business, market, and economic conditions, demand for or pricing of its products, market growth rates and currency exchange rates. In light of these risks, uncertainties and other factors, the forward-looking matters discussed in this press release may not occur and readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements speak only as of the date of this press release and Glatfelter undertakes no obligation, and does not intend, to update these forward-looking statements to reflect events or circumstances occurring after the date of this press release. More information about these factors is contained in Glatfelter's filings with the U.S. Securities and Exchange Commission, which are available at www.glatfelter.com.
About Glatfelter
Glatfelter is a leading global supplier of engineered materials. The Company's high-quality, innovative and customizable solutions are found in tea and single-serve coffee filtration, personal hygiene and packaging products as well as home improvement and industrial applications. Headquartered in Charlotte, NC, the Company's annualized net sales approximate
$1 billion with customers in over 100 countries and approximately 2,560 employees worldwide. Operations include twelve manufacturing facilities located in the United States, Canada, Germany, France, the United Kingdom, and the Philippines. Additional information about Glatfelter may be found at
www.glatfelter.com
.

text: GLATFELTER

text: Glatfelter Corporation

text: Glatfelter

text: Glatfelter

text: Glatfelter

text: Glatfelter

label: person

text: Dante C. Parrini

text: Glatfelter

text: Credit Suisse

text: Glatfelter

text: Shearman & Sterling LLP

text: Glatfelter

text: Glatfelter

text: Glatfelter

text: Glatfelter

text: Glatfelter


text:
EX-99.2
8
a992-closingpr.htm
EX-99.2
Document
Oasis Midstream Partners Completes Acquisition of Midstream Interests from Oasis Petroleum and IDR Elimination
HOUSTON, TX., March 30, 2021 /PRNewswire/ -- Oasis Midstream Partners LP (Nasdaq: OMP) (the "Partnership" or "OMP") successfully closed the acquisition of all remaining interests in Bobcat DevCo LLC ("Bobcat DevCo") and Beartooth DevCo LLC ("Beartooth DevCo") from Oasis Petroleum Inc. (Nasdaq: OAS) ("Oasis") as well as eliminated the Partnership's incentive distribution rights ("IDRs") in exchange for $231.5 million cash and 14.8 million units for total consideration of approximately $512.5 million based on OMP's 20 day volume weighted average price ending on March 19, 2021 (the "Simplification"). The Simplification also includes a right of first refusal in favor of OMP with respect to midstream opportunities in the Painted Woods and City of Williston operating areas of Oasis. Closing occurred on Tuesday, March 30, 2021. Upon closing, OMP's interest in Bobcat DevCo increased to 100% from 35.3%, OMP's interest in Beartooth DevCo increased to 100% from 70%, and all IDRs were eliminated from OMP's capital structure.
Additionally, on March 30, 2021, OMP successfully closed its private placement to eligible purchasers of $450 million in aggregate principal amount of 8.00% senior unsecured notes due 2029 (the "Notes Offering").
Of the total $512.5 million purchase consideration, $231.5 million was financed by the Notes Offering. The remaining amount was funded through the issuance of 14,800,000 common units, 1,850,356 of which were issued to the holders of Class A and Class B Units representing membership interests in OMP GP LLC with the remaining 12,949,644 common units issued directly to OMS Holdings LLC.
"We are pleased to announce the successful closing of OMP's previously announced purchase of the remaining interest in Bobcat DevCo and Beartooth DevCo, as well as the simplification of its financial structure", said Taylor Reid, Chief Executive Officer of OMP. "This accretive transaction enhances our scale and strengthens OMP's attractive position in the core of the Williston Basin. OMP is uniquely positioned to benefit from Oasis's development program and capture additional third party business. Volumes from both Oasis and third parties provide a solid foundation through 2021 and beyond. This transaction is extremely attractive for our investors by allowing OMP to increase its scale in an accretive manner, while improving its competitive position to capitalize on future opportunities. Our sponsor, Oasis, is a proven operator with over 10 years of low-breakeven inventory. OMP believes it is well positioned to capture volumes derived from resilient activity levels at Oasis supported by our sponsor's strong balance sheet and attractive asset base that generates significant free cash flow".
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Partnership expects, believes or anticipates will or may occur in the future are forward-looking statements. Without limiting the generality of the foregoing, forward-looking statements contained in this press release specifically include statements
regarding the Simplification as well as the benefits of it and related transactions, and other guidance included in this press release. These statements are based on certain assumptions made by the Partnership based on management's experience and perception of historical trends, current conditions, anticipated future developments and other factors believed to be appropriate. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Partnership, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. These include, but are not limited to, the Partnership's ability to integrate acquisitions into its existing business, changes in crude oil and natural gas prices, weather and environmental conditions, the timing of planned capital expenditures, availability of acquisitions,, uncertainties in the estimates of proved reserves and forecasted production results of the Partnership's customers, operational factors affecting the commencement or maintenance of producing wells, the condition of the capital markets generally, as well as the Partnership's ability to access them, the proximity to and capacity of transportation facilities, and uncertainties regarding environmental regulations or litigation and other legal or regulatory developments affecting the Partnership's business and other important factors. Should one or more of these risks or uncertainties occur, or should underlying assumptions prove incorrect, the Partnership's actual results and plans could differ materially from those expressed in any forward-looking statements.
Any forward-looking statement speaks only as of the date on which such statement is made and the Partnership undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law.
About Oasis Midstream Partners LP
Oasis Midstream Partners LP is a premier gathering and processing master limited partnership formed by its sponsor, Oasis Petroleum Inc. to own, develop, operate and acquire a diversified portfolio of midstream assets in North America that are integral to the crude oil and natural gas operations of Oasis Petroleum Inc. and are strategically positioned to capture volumes from other producers. For more information, please visit the Partnership's website at www.oasismidstream.com.
Contact:
Oasis Midstream Partners LP
Taylor Reid, Director and Chief Executive Officer
Richard N. Robuck, Senior Vice President and Chief Financial Officer
Bob Bakanauskas, Director of Investor Relations
(281) 404-9600

text: Oasis Midstream Partners

text: Oasis Midstream Partners LP

text: Bobcat DevCo LLC

text: Bobcat DevCo

text: Beartooth DevCo LLC

text: Beartooth DevCo

text: Oasis Petroleum Inc.

text: Bobcat DevCo

text: Beartooth DevCo

text: Bobcat DevCo

text: Beartooth DevCo

text: Taylor Reid

text: Oasis Midstream Partners LP

text: Oasis Midstream Partners LP

text: Oasis Petroleum Inc.

text: Oasis Petroleum Inc.

text: Oasis Midstream Partners LP

text: Taylor Reid

text: Bob Bakanauskas


text:
EX-99.1
5
ex99_1.htm
EXHIBIT 99.1
Exhibit 99.1
AgEagle to Acquire senseFly from Parrot
U.S. Company to Offer Full Stack Fixed Wing
Drone Solutions
WICHITA, Kansas and PARIS, France and LAUSANNE, Switzerland, October
18, 2021 -
AgEagle Aerial Systems Inc.
(NYSE American: UAVS)
("AgEagle" or the "Company"), an industry-leading provider of drones, sensors and software, and
Parrot
(Euronext
Paris: PARRO), a leading European drone group, today jointly announced that they have signed a definitive agreement under which
AgEagle shall acquire
senseFly
, a Parrot Group
wholly-owned subsidiary, in a cash and stock transaction valued at US$23 million.
Founded in 2009, senseFly develops and produces a proprietary line
of
eBee
-branded, high performance, fixed wing drones for professional use. Safe, ultra-light and easy to use, these
autonomous drones are utilized by thousands of customers around the world in agriculture, government, engineering and construction,
among other industry verticals, to collect actionable aerial data intelligence. Headquartered in Lausanne, Switzerland, senseFly
employs approximately 90 people, generating total annual revenues of approximately US$12.5 million in 2020.
Brandon Torres Declet, Chief Executive Officer of AgEagle, stated,
"Recognized as the producer of the world's most widely used fixed wing drones, senseFly is an ideal strategic fit for AgEagle;
and is expected to accelerate our core growth strategy centered on delivering proprietary, full stack drone solutions to the global
agriculture, construction, energy, government sectors, and in the future, package delivery. In addition, senseFly brings AgEagle
solid engineering talent focused on advanced research and development, a well-established global reseller network and a strong
portfolio of intellectual property".
Parrot founder and Chief Executive Officer, Henri Seydoux, commented,
"We trust that senseFly and the
eBee
line of fixed wing drones will continue to deliver tangible value, benefits
and efficiencies to AgEagle's customers and business partners well into the future. Moving forward, Parrot will focus its expertise
and resources on the growth of its professional quadcopter drone equipment and drone data analysis software activities. The transaction
will provide additional cash and lower operational expends to drive Parrot's growth and industry standing. With the expended capabilities
of the ANAFI line of professional drones and of the Pix4D software suites, Parrot will continue to address its core market segments:
3D Mapping, Surveying and Inspection, Agriculture, and Defense and Security".
"senseFly has reached a very exciting and pivotal point in
its history and is well positioned to build upon its leading position in the fixed wing drone market and accelerate its promising
growth trajectory through this strategic combination with AgEagle", noted Gilles Labossiere, senseFly's Chief Executive Officer.
"The impressive mix of solutions for customers and proven industry experience of both companies is expected to make for a
solid foundation capable of propelling the companies forward and fueling exponential growth".
In tandem with the closing of the acquisition expected shortly,
Labossiere will resign as Chief Executive Officer of senseFly. Michael O'Sullivan, who previously served as the Company's Head
of Global Marketing, will be appointed as Managing Director of the new AgEagle subsidiary. All other senseFly employees will retain
their current responsibilities.
Concluding, Brandon Torres Declet added, "We are very pleased
to welcome senseFly to the fast-growing AgEagle family and look forward to integrating its many strengths with the power and performance
of AgEagle's proprietary sensor and software solutions to effectively meet the needs of customers globally. We would also like
to extend our deepest thanks to Gilles for his leadership at senseFly and the instrumental role he played in the acquisition process.
This is an exciting inflection point for the AgEagle and senseFly teams".
For additional details relating to the terms and conditions of the
acquisition, please refer to the Form 8-K to be filed by AgEagle with the U.S. Securities and Exchange Commission upon closing
of the transaction and accessible at
www.sec.gov
.
About AgEagle Aerial Systems Inc.
AgEagle and its wholly owned subsidiaries are actively engaged in designing and delivering best-in-class drones, sensors and software
that solve important problems for our customers. Founded in 2010, AgEagle was originally formed to pioneer proprietary, professional-grade,
fixed-winged drones and aerial imagery-based data collection and analytics solutions for the agriculture industry. Today, AgEagle
is a leading provider of full stack drone solutions for customers worldwide in the energy, construction, agriculture, and government
verticals. For additional information, please visit our websites at
www.ageagle.com
.
About Parrot
Founded in 1994 by Henri Seydoux, Parrot is today the leading European group in the fast-growing industry of drones. Visionary,
at the forefront of innovation, Parrot is positioned across the entire drone value chain, from equipment to services to software.
The Parrot Group gathers outstanding companies and interests in commercial drones, covering equipment, software and services. Its
expert capabilities are focused primarily on three vertical markets: (i) 3D Mapping, Surveying and Inspection, (ii) Defense and
Security, and (iii) Agriculture. The Parrot Group designs and engineers its products and solutions in Europe, mainly in France
and Switzerland. It currently employs about 450 people worldwide and makes the majority of its sales outside of France. Parrot,
headquartered in Paris, has been listed since 2006 on Euronext Paris (FR0004038263-PARRO). More information on
http://www.parrot.com
.
About senseFly
At senseFly, we believe in using technology to make work safer and more efficient. As the global leader in fixed-wing drones, our
proven drone solutions simplify the collection and analysis of geospatial data, allowing professionals in surveying, agriculture,
engineering, and humanitarian aid to make better decisions, faster. For more information, visit
www.senseFly.com
.
Forward-Looking Statements
This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements involve risks and uncertainties that could negatively
affect our business, operating results, financial condition, and stock price. Factors that could cause actual results to differ
materially from management's current expectations include those risks and uncertainties relating to our competitive position, the
industry environment, potential growth opportunities, and the effects of regulation and events outside of our control, such as
natural disasters, wars, or health epidemics. We expressly disclaim any obligation or undertaking to release publicly any updates
or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events,
conditions, or circumstances on which any such statement is based, except as required by law.
Parrot Contacts:
Investors, Analysts,
Financial Media
Marie Calleux
Phone: +33(0) 1 48
03 60 60
parrot@calyptus.net
AgEagle Aerial
Systems Contacts:
Investor Relations:
Media:
Gateway Investor
Relations
Clarity PR
Matt Glover or Cody
Cree
Emily McDonough
Phone: 949-574-3860
Phone: 609-213-3360
Email:
UAVS@gatewayIR.com
Email:
ageagle@clarity.pr

text: AgEagle

text: senseFly

text: Parrot

text: AgEagle

text: AgEagle

text: Parrot

text: AgEagle

text: senseFly

text: Parrot Group

text: senseFly

text: senseFly

text: Brandon Torres Declet

text: AgEagle

text: senseFly

text: AgEagle

text: senseFly

text: AgEagle

text: Parrot

text: senseFly

text: AgEagle

text: Parrot

text: Parrot

text: Parrot

text: senseFly

text: AgEagle

text: senseFly

text: senseFly

text: AgEagle

text: senseFly

text: Brandon Torres Declet

text: senseFly

text: AgEagle

text: AgEagle

text: senseFly

text: AgEagle

text: senseFly

text: AgEagle

text: AgEagle

text: AgEagle

text: AgEagle

text: AgEagle

text: Parrot

text: Parrot

text: Parrot

text: Parrot Group

text: Parrot Group

text: Parrot

text: senseFly

text: senseFly

text: Parrot

text: AgEagle


text:
EX-99.1
2
rrd102990_10702.htm
PRESS RELEASE DATED JANUARY 3, 2006.
EXHIBIT 99
EXHIBIT 99.1
For More Information,
Please Contact
Sara Howell - Investor Relations (770) 576-6832
Radiant Systems Completes Acquisition of Synchronics, Inc.
ATLANTA--(BUSINESS WIRE)--Jan. 3, 2006--Radiant Systems, Inc. (NASDAQ:RADS) announced today that it has completed the previously announced acquisition of substantially all of the assets of Synchronics, Inc., a leading provider of business management and point-of-sale software for the retail market. Under the terms of the acquisition agreement, the purchase price consisted of approximately $19.5 million in cash, subject to a post-closing adjustment, 592,347 shares of restricted Radiant common stock and the assumption of certain Synchronics' accounts payable, contractual obligations and other liabilities.
Company Information
Founded in 1985, Radiant Systems, Inc. provides innovative store technology for the hospitality, petroleum and convenience retail and entertainment industries. Radiant's point-of-sale, self-service kiosk, and back-office technology enables operators to drive top-line growth and improve bottom-line performance. Headquartered in Atlanta, Radiant (www.radiantsystems.com) has deployed its solutions in more than 50,000 sites worldwide.
Founded in 1980, Synchronics, Inc. (www.synchronics.com) is a software development, support, and distribution company in Memphis, Tennessee. With more than 25 years of experience, Synchronics has become a leader in point-of-sale and business software. Both CounterPoint Version 7 and CounterPoint SQL offer retailers a complete business management package.
Certain statements contained in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future business development activities, and are thus prospective. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) trends affecting the Company's financial condition or results of operations; including the ability to integrate the operations of acquired businesses; (ii) the company's growth strategy and operating strategy; and (iii) the expectation that the acquisition will be accretive to 2006 adjusted earnings; (iv) the anticipated timing of the closing and the possibility that the required conditions to closing may not be met and therefore the acquisition may not close. The words "may", "would", "could", "will", "expect", "estimate", "anticipate", "believe", "intend", "plans", and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control. Actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Among the key risks, assumptions and factors that may affect operating results, performance and financial condition are the Company's reliance on a small number of customers for a larger portion of its revenues, fluctuations in its quarterly results, ability to continue and manage its growth, liquidity and other capital resources issues, competition and the other factors discussed in detail in the Company's filings with the Securities and Exchange Commission.
###

text: Radiant Systems

text: Synchronics, Inc.

text: Radiant Systems, Inc.

text: Synchronics, Inc.

text: Radiant Systems, Inc.

text: Synchronics, Inc.


text:
EX-99.2
13
exhibit992-8xk111820.htm
EX-99.2
Document
Exhibit 99.2
MedAvail and MYOS RENS Technology Announce Closing of Business Combination
MedAvail, Inc. Set to Trade on NASDAQ Under Ticker Symbol "MDVL"
MISSISSAUGA, Ontario and CEDAR KNOLLS, N.J. - November 18, 2020 - MedAvail, Inc. ("MedAvail"), a leading technology-enabled pharmacy organization that embeds pharmacy services directly into clinics and other points of care through its proprietary technology, announced the completion of its previously announced business combination with MYOS RENS Technology, Inc. (NASDAQ: MYOS), an advanced nutrition company and the owner of Fortetropin®, a proprietary bioactive composition that helps build lean muscle. The combined company will focus on the MedAvail business and its shares will trade on the Nasdaq Capital Market under the new trading symbol "MDVL." The current MYOS RENS muscle health business will be spun off as a private unaffiliated company.
MedAvail will be led by its current experienced executive team with Ed Kilroy as CEO.
"We are excited to partner with our private placement investors as we continue to execute on MedAvail's growth plan as a public company", said Mr. Kilroy. "We believe MedAvail is uniquely positioned in the healthcare value chain. Our experience to date has demonstrated that by embedding pharmacy at these points of care we can positively impact medication adherence and deliver superior customer satisfaction. Our presence in each clinic drives our customer acquisition, allowing us to build a substantial pharmacy business in each clinic we deploy. We also provide our customers free home courier delivery. Currently we are deployed in Arizona and California with plans to open new care settings in Michigan, Florida, Illinois and Texas in the future.
MedAvail currently deploys its proprietary MedCenter solution through two distinct commercialization channels: its SpotRx full-service retail pharmacy platform in the United States, which has over 40 clinics deployed across Arizona and California, and its technologies channel which sells its MedCenter kiosk and licenses its software to large retailers and health systems.
Cowen served as financial and capital markets advisor to MedAvail, and Lake Street Capital Markets acted as a placement agent on the private offering. Wilson Sonsini Goodrich & Rosati, PC served as legal counsel to MedAvail. H.C. Wainwright & Co. served as financial advisor to MYOS RENS, and Hiller, PC and Ellenoff Grossman & Schole LLP served as legal counsel to MYOS RENS.
About MedAvail
MedAvail is a technology-enabled pharmacy organization, providing turnkey in-clinic pharmacy services through its proprietary robotic dispensing platform, the MedAvail MedCenter, and home delivery operations, to Medicare clinics. MedAvail helps patients to optimize drug adherence, resulting in better health outcomes. Learn more at www.medavail.com.
About MYOS RENS Technology
MYOS RENS Technology Inc., "The Muscle Company®", is a Cedar Knolls, NJ-based advanced nutrition company that develops and markets products that improve muscle health and performance. MYOS is the owner of Fortetropin®, a fertilized egg yolk-based product manufactured via a proprietary process to retain and optimize its biological activity. Fortetropin has been clinically shown to increase muscle size, lean body mass and reduce muscle atrophy. MYOS believes Fortetropin has the potential to redefine existing standards of physical health and wellness and produces muscle health support products featuring Fortetropin under the names of Yolked®, Physician Muscle Health Formula®, MYOS Canine Muscle Formula®, (Regular & Vet Strength) and Qurr®. For more information, please visit www.myosrens.com.
Forward Looking Statements
Certain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as "believe", "may", "will", "estimate", "continue", "anticipate", "intend", "expect", "should", "would", "plan", "predict", "potential", "seem", "seek", "future", "outlook", and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the company's expected uses of proceeds from the business combination; potential future revenue and expansion plans; and market opportunity. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of MedAvail's management and are not predictions of actual performance. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements, including but not limited to general economic, financial, legal, political and business conditions and changes in domestic and foreign markets; the potential effects of COVID-19; the outcome of judicial proceedings to which MedAvail is, or may become a party; changes in competitive conditions prevailing in the healthcare sector; the availability of capital; and the other risks discussed under the heading "Risk Factors" in a Registration Statement on Form S-4 ("Form S-4"), which was declared effective by the SEC on October 15, 2020, and other documents MedAvail files with the SEC in the future. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. These forward-looking statements speak only as of the date hereof and MedAvail specifically disclaims any obligation to update these forward-looking statements.
Contacts:
Investor Relations
Caroline Paul
Gilmartin Group
ir@medavail.com
SOURCE MedAvail Inc.

text: MedAvail

text: MYOS RENS Technology

text: MedAvail, Inc.

text: MedAvail, Inc.

text: MedAvail

text: MYOS RENS Technology, Inc.

text: MedAvail

text: MedAvail

text: MedAvail

text: MedAvail

text: MedAvail

text: Cowen

text: MedAvail

text: Wilson Sonsini Goodrich & Rosati, PC

text: MedAvail

text: H.C. Wainwright & Co.

text: Hiller, PC

text: Ellenoff Grossman & Schole LLP

text: MedAvail

text: MedAvail

text: MedAvail

text: MedAvail

text: MYOS RENS Technology

text: MedAvail

text: MedAvail

text: MedAvail

text: MedAvail


text:
EX-99.1
3
exhibit991forhepandhfc8-k.htm
Exhibit991forHEPandHFC8-K
HollyFrontier Corporation and Holly Energy Partners Announce Completion of Acquisition of Interest in UNEV Pipeline
Holly Energy Partners to Hold Webcast at 4:00 p.m., Eastern time, on July 12, 2012
7/12/2012
DALLAS, TX - HollyFrontier Corporation (NYSE:HFC) ("HollyFrontier") and Holly Energy Partners, L.P. (NYSE:HEP) ("Holly Energy") today announced that they have completed the acquisition of HollyFrontier's 75% interest in UNEV Pipeline, LLC ("UNEV") by Holly Energy for $315 million, subject to certain post-closing purchase price adjustments. UNEV is the owner of an approximate 400 mile, 12-inch refined products pipeline currently running from Woods Cross, Utah to Las Vegas, Nevada, related products terminals near Cedar City, Utah and Las Vegas, Nevada and other related assets. The purchase price of $315 million was paid with $260 million in cash and approximately 1.0 million Holly Energy common units valued at $55 million, issued to a subsidiary of HollyFrontier.
In connection with the closing of the transaction, HollyFrontier, the owner of Holly Energy's general partner, agreed to forego its right to $1.25 million per quarter of incentive distributions from Holly Energy that the general partner would otherwise be entitled to receive over the 12 consecutive quarters following the closing of the transaction and up to an additional 4 quarters in certain circumstances. HollyFrontier also received a profits interest that will be paid beginning the fifth year after the closing based on UNEV's EBITDA for the fourth year following the closing, by which it would be entitled in certain circumstances to receive 50% of Holly Energy's portion of UNEV's EBITDA over $30 million (subject to adjustment in certain circumstances), until the earlier of reaching a cap or 20 years following the closing.
Holly Energy Partners has scheduled a webcast for Thursday July 12, 2012 at 4:00 p.m., Eastern time, to discuss the transaction: This webcast may be accessed at: https://event.webcasts.com/starthere.jsp?ei=1007250
About Holly Energy Partners, L.P.:
Holly Energy, headquartered in Dallas, Texas, provides petroleum product and crude oil transportation, tankage and terminal services to the petroleum industry, including HollyFrontier, a subsidiary of which, giving effect to the transaction described above, owns a 44% interest (which includes a 2% general partner interest) in Holly Energy. Holly Energy owns and operates petroleum product and crude pipelines, tankage, terminals and loading facilities located in Texas, New Mexico, Arizona, Oklahoma, Washington, Idaho, Utah, Kansas and Wyoming. In addition, Holly Energy owns a 25% interest in SLC Pipeline LLC, a transporter of crude oil in the Salt Lake City area, and a 75% interest in UNEV Pipeline, LLC, the owner of a Holly Energy operated refined products pipeline running from Utah to Las Vegas, Nevada, and related products terminals.
Information about Holly Energy Partners L.P. may be found on its website at http://www.hollyenergy.com.
About HollyFrontier Corporation
HollyFrontier Corporation, headquartered in Dallas, Texas, is an independent petroleum refiner and marketer that produces high value light products such as gasoline, diesel fuel, jet fuel and other specialty products. HollyFrontier Corporation operates through its subsidiaries a 135,000 barrels per stream day ("bpsd") refinery located in El Dorado, Kansas, a 125,000 bpsd refinery in Tulsa, Oklahoma, a 100,000 bpsd refinery located in Artesia, New Mexico, a 52,000 bpsd refinery located in Cheyenne, Wyoming and a 31,000 bpsd refinery in Woods Cross, Utah. HollyFrontier markets its refined products principally in the Southwest U.S., the Rocky Mountains extending into the Pacific Northwest and in other neighboring Plains states. Giving effect to the transactions described above, subsidiaries of HollyFrontier also own a 44% interest (including a 2% general partner interest) in Holly Energy.
Information about HollyFrontier Corporation may be found on its website at http://www.hollyfrontier.com.
The following is a "safe harbor" statement under the Private Securities Litigation Reform Act of 1995: References in this statement to "we" or "our" refer collectively to HollyFrontier and Holly Energy. The statements in this press release relating to matters that are not historical facts are "forward-looking statements" within the meaning of the federal securities laws. Forward looking statements use words such as "anticipate", "project", "expect", "plan", "goal", "forecast", "will", "intend", "could", "believe", "may", and similar expressions and statements regarding our plans and objectives for future operations. These statements are based on our beliefs and assumptions and those of Holly Energy's general partner using currently available information and expectations as of the date hereof, are not guarantees of future performance and involve certain risks and uncertainties. Although we and Holly Energy's general partner believe that such expectations reflected in such forward-looking statements are reasonable, neither we nor Holly Energy's general partner can give assurance that our expectations will prove to be correct. Such statements are subject to a variety of risks, uncertainties and assumptions. If one or more of these risks or uncertainties materialize, or if underlying assumptions prove incorrect, our actual results may vary materially from those anticipated, estimated, projected or expected. Certain factors could cause actual results to differ materially from results anticipated in the forward-looking statements. These factors include, but are not limited to:
.
risks and uncertainties with respect to the actual quantities of petroleum products and crude oil shipped on Holly Energy's pipelines and/or terminalled in Holly Energy's terminals;
.
the economic viability of HollyFrontier, Alon USA, Inc. and Holly Energy's other customers;
.
the demand for refined petroleum products in markets HollyFrontier and Holly Energy serve; and
.
other risks and uncertainties detailed from time to time in HollyFrontier's and Holly Energy's Securities and Exchange Commission filings.
The forward-looking statements speak only as of the date made and, other than as required by law,
we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
FOR FURTHER INFORMATION, Contact:
M. Neale Hickerson,
Julia Heidenreich
Investor Relations
HollyFrontier Corporation / Holly Energy Partners
214-871-3555

text: HollyFrontier

text: Holly Energy

text: UNEV Pipeline

text: Holly Energy

text: HollyFrontier

text: HollyFrontier

text: Holly Energy

text: Holly Energy

text: HollyFrontier

text: UNEV Pipeline, LLC

text: Holly Energy

text: Holly Energy

text: HollyFrontier

text: HollyFrontier

text: Holly Energy

text: Holly Energy

text: HollyFrontier

text: Holly Energy

text: Holly Energy

text: Holly Energy

text: Holly Energy

text: HollyFrontier

text: Holly Energy

text: Holly Energy

text: Holly Energy

text: UNEV Pipeline, LLC

text: Holly Energy

text: Holly Energy

text: HollyFrontier

text: HollyFrontier

text: HollyFrontier

text: HollyFrontier

text: HollyFrontier

text: Holly Energy

text: HollyFrontier

text: HollyFrontier

text: Holly Energy

text: Holly Energy

text: Holly Energy

text: Holly Energy

text: Holly Energy

text: Holly Energy

text: HollyFrontier

text: Holly Energy

text: HollyFrontier

text: Holly Energy

text: HollyFrontier

text: Holly Energy

text: HollyFrontier

text: Holly Energy


text:
EX-99.1
2
ss189575_ex9901.htm
PRESS RELEASE
FAIRFAX COMPLETES ACQUISITION OF AMERICAN SAFETY
(
Note
: All dollar amounts in this press release are expressed in U.S. dollars.)
HAMILTON, BERMUDA - October 3, 2013 -
American Safety Insurance Holdings, Ltd. (NYSE: ASI) ("American Safety") today announced the successful completion of its previously announced acquisition by Fairfax Financial Holdings Limited ("Fairfax").
American Safety shareholders will receive $30.25 in cash for each common share they owned as of the effective time of the merger, without interest and less any applicable withholding taxes. Trading of American Safety shares is being suspended on October 3, 2013 and American Safety common shares will be delisted from the New York Stock Exchange in connection with the acquisition.
American Safety shareholders of record as of the effective time of the merger who hold their common shares in certificated form will receive a letter of transmittal and other materials from the paying agent in connection with the transaction. These materials will have to be completed and returned to the paying agent in order for such shareholders to receive the merger consideration. Persons whose common shares of American Safety are held in book entry form should expect to receive the merger consideration through their broker or other nominee or directly from the paying agent. For those American Safety shareholders whose common shares were held in "street name" by a bank, brokerage firm or other nominee as of the effective time of the merger, their bank, brokerage firm or other nominee will handle the exchange of their common shares for the merger consideration, and they should contact their broker, nominee or other financial adviser for further instructions.
About Us:
American Safety is a Bermuda-based holding company offering innovative insurance solutions for underserved specialty risks through its U.S.-based program administrator, American Safety Insurance Services, Inc., and its U.S. insurance and Bermuda reinsurance companies.
Contacts:
American Safety Insurance Holdings, Ltd.
Investor Relations
Stephen R. Crim, (441) 296-8560

text: FAIRFAX

text: AMERICAN SAFETY

text: American Safety

text: Fairfax Financial Holdings Limited

text: Fairfax

text: American Safety

text: American Safety

text: American Safety

text: American Safety

text: American Safety

text: American Safety

text: American Safety


text:
EX-99.1
3
pressrelease_navacquisition.htm
PRESS RELEASE TO ANNOUNCE THE ACQUISITION OF NAVE COMMUNICATIONS
pressrelease_navacquisition.htm
ADDvantage Technologies Group, Inc.
1221 E. Houston
Broken Arrow, Oklahoma 74012
For further information
KCSA Strategic Communications
Company Contact:
Garth Russell / Diane Imas
Scott Francis (9l8) 25l-9121
(212) 896-1250 / (212) 896-1242
grussell@kcsa.com / dimas@kcsa.com
ADDvantage Technologies Expands Presence in Telecommunications Equipment Market with Acquisition of Nave Communications
- - -
BROKEN ARROW, Oklahoma, March 3, 2014 - ADDvantage Technologies Group, Inc. ("ADDvantage")
(NASDAQ: AEY)
, a provider of a comprehensive line of new and used cable television system-critical network equipment and hardware from leading manufacturers,
today announced that it has acquired Nave Communications Company ("Nave"), a provider of quality used telecommunication networking equipment. Nave will do business as a standalone division of ADDvantage Technologies Group, with founder Doug Nave named President of the division.
Through Nave's worldwide customer base and its broad range of manufacturer systems and components, Nave provides cost effective telecommunications and networking solutions to expand network capacity and infrastructure for its customers. Nave specializes in the sale of certified used telecommunications networking equipment. In addition, Nave offers its customers decommissioning services for surplus and obsolete equipment, which Nave in turn processes through its recycling services.
The acquisition of Nave includes approximately $10.1 million in upfront payments, as well as $3.0 million in deferred payments over the next three years and additional future earn-out payments based on Nave achieving certain performance goals over the next three years. The transaction is expected to be accretive to ADDvantage's overall margins and EBITDA in the current fiscal year.
Mr. Nave stated, "We are excited to be a part of the ADDvantage Technologies team and join forces with an experienced cable television equipment provider who understands the business of selling used equipment. This is a great opportunity to be part of a larger organization that offers certain financial benefits needed to fund our growth, while retaining the business structure and values that our people have come to know and trust".
David Humphrey, President and CEO of ADDvantage, stated "We enacted a strategy almost two years ago to grow our Company both organically and via acquisitions. This acquisition demonstrates our commitment to achieving that long-term growth and diversifying our business within the telecommunications space.
"Nave Communications has a robust telecommunications equipment business that recorded approximately $15 million in sales for 2013, which will increase our revenue stream and offer new growth opportunities, complementing our cable television equipment business. Nave has demonstrated the ability to increase sales and sustain profitability, important factors we considered when evaluating their business and management team. This is an exciting milestone in our Company's history as we expand our reach within the telecommunications industry and take advantage of the growth prospects that lie ahead", concluded Mr. Humphrey.
Additional information regarding Nave Communications and the acquisition will be supplied in a Form 8-K filed with the SEC.
About ADDvantage Technologies Group, Inc.
ADDvantage Technologies Group, Inc. supplies the cable television (CATV) industry with a comprehensive line of new and used system-critical network equipment and hardware from leading manufacturers in the industry, including Cisco and ARRIS (acquired Motorola Home), as well as operating a national network of technical repair centers. The equipment and hardware ADDvantage distributes is used to acquire, distribute, and protect the broad range of communications signals carried on fiber optic, coaxial cable and wireless distribution systems, including television programming, high-speed data (Internet) and telephony.
ADDvantage operates through its subsidiaries, Tulsat, Tulsat-Atlanta, Tulsat-Nebraska, Tulsat-Texas, NCS Industries and ComTech Services. For more information, please visit the corporate web site at
www.addvantagetechnologies.com
.
The information in this announcement may include forward-looking statements. All statements, other than statements of historical facts, which address activities, events or developments that the Company expects or anticipates will or may occur in the future, are forward-looking statements. These statements are subject to risks and uncertainties, which could cause actual results and developments to differ materially from these statements. A complete discussion of these risks and uncertainties is contained in the Company's reports and documents filed from time to time with the Securities and Exchange Commission.

text: NAVE COMMUNICATIONS

text: ADDvantage Technologies Group, Inc.

text: ADDvantage Technologies

text: Nave Communications

text: ADDvantage Technologies Group, Inc.

text: Nave Communications Company

text: Nave

text: Nave

text: Nave

text: Nave

text: Nave

text: Nave

text: Nave

text: Nave

text: Nave

text: Nave

text: Nave

text: ADDvantage Technologies

text: David Humphrey

text: Nave Communications

text: Nave

text: Nave Communications

text: ADDvantage Technologies Group, Inc.

text: ADDvantage Technologies Group, Inc.


text:
EX-99.1
2
f8k081417ex99i_tempusapplied.htm
PRESS RELEASE DATED AUGUST 14, 2017, ANNOUNCING THE ACQUISITION BY THE COMPANY OF EX-ROYAL AIR FORCE AIR-TO-AIR REFUELING AIRCRAFT
Exhibit 99.1
TEMPUS
APPLIED SOLUTIONS TO ACQUIRE EX-ROYAL AIR
FORCE AIR-TO-AIR REFUELING AIRCRAFT
Transaction
consists of six Lockheed L-1011 aircraft
WILLIAMSBURG,
Va. | Aug. 14, 2017
- Tempus Applied Solutions (TAS) announced today that the company has entered into a definitive
purchase agreement for the acquisition of six Lockheed L-1011s formerly owned and operated by the Royal Air Force (RAF) of the
United Kingdom. Four of these aircraft are specifically configured for air-to-air refueling (AAR) operations and the remaining
two are configured for passenger and cargo operations only. Although the aircraft served the RAF and NATO for 30 years until
their retirement in 2014, the aircraft have many years of service life remaining. The L-1011s have been in flyable storage
in the UK since their retirement. The closing of the acquisition will take place following satisfactory inspection of the
aircraft and associated log books and support equipment.
The
company intends to utilize three of the AAR configured aircraft while the additional three aircraft will be used as spare parts. Marketing
of the aircraft for contractor owned/operated AAR operations will begin immediately with a focus on the US Navy, NATO, and other
allied air forces which require hose and drogue AAR services. The aircraft are currently registered in the United States
and will be ferried from the UK to an existing TAS base of operations in the continental USA upon acceptance and the completion
of required maintenance.
Company
CEO Scott Terry stated, "We are very encouraged to have found a potential solution for the shortage of AAR services that
currently exist within the US Navy and Marine Corps tactical aviation and many NATO/Allied air forces. We will perform the necessary
inspections and evaluations over the next several weeks in order that the transaction can close as soon as possible".
Assuming
a successful inspection and evaluation, the aircraft will be acquired utilizing TMPS common shares. TAS expects to issue
to the Seller approximately 6,730,769 common shares at a value of $0.52 per share.
For
more information on Tempus, visit
tempus-as.com
.
###
MEDIA
CONTACT:
Katherine
Terry, public relations manager
Kterry@tempus-as.com
| +1 864.901.8114
ABOUT
TEMPUS APPLIED SOLUTIONS HOLDINGS INC. (OTC: TMPS):
Tempus provides design, engineering, systems integration and flight operations
solutions that support critical aviation mission requirements for a variety of customers including the United States Department
of Defense, other U.S. government agencies, foreign governments and select corporations and individuals in the private sector.
Our experienced team of professionals provides efficient, economical and flexible service that responds to the most challenging
demands facing the aviation industry today. Our commitment to safety and security has earned us a reputation as one of the most
forward-thinking aviation companies worldwide. We are headquartered in Williamsburg, Virginia.
FORWARD
LOOKING STATEMENTS:
This
communication contains forward-looking statements that involve a number of judgments, risks and uncertainties concerning Tempus
Applied Solutions Holdings Inc., its subsidiaries and their expected financial and operating performance and plans. Actual events
or results could differ materially from those described or implied herein, including as a result of risks described in reports
filed with the Securities and Exchange Commission by Tempus Applied Solutions Holdings Inc., and other risks and uncertainties.
We do not undertake any obligation to update any forward-looking statements to reflect events or results after the date they were
made, whether as a result of new information, new circumstances or otherwise, except as may be required under applicable laws.
SECURITIES
LAW NOTICE:
The
securities offered as part of the transaction have not been and will not be registered under the Securities Act of
1933, as amended, and may not be offered or sold in the United
States absent registration or an applicable exemption from registration requirements.
TEMPUS
APPLIED SOLUTIONS HOLDINGS INC.
471 McLaws Circle| Williamsburg, VA 23185 | +1
757.865.7779

text:
TEMPUS
APPLIED SOLUTIONS

text: Tempus Applied Solutions

text: Royal Air Force

text: TEMPUS APPLIED SOLUTIONS

text:
Tempus
Applied Solutions

text: Tempus Applied Solutions

text:
TEMPUS
APPLIED SOLUTIONS


text:
EX-99.1
2
a05-1455_1ex99d1.htm
EX-99.1
EXHIBIT
99.1
FOR IMMEDIATE RELEASE
American
Science and Engineering, Inc. Completes Asset Sale with
Accuray Incorporated
Accuray purchases certain assets of AS&E's High
Energy Systems Division
BILLERICA, Mass. -
January 11, 2005 - American Science and Engineering, Inc. (AS&E
®
)
(NASDAQ: ASEI), a leader in X-ray detection technology, announced today that it
has completed the sale of certain of the assets of AS&E's High Energy
Systems Division (HES), located in Mountain View, California, to Accuray
Incorporated for cash and a note in the aggregate amount of $8.3 million.
The completed transaction
gives Accuray exclusive rights to manufacture, market and sell linear
accelerators for medical applications, which will enable Accuray to produce the
X-band linear accelerator for its CyberKnife
®
products. AS&E
retained exclusive rights to market and sell these linear accelerators for
security and non-destructive testing applications. As part of the deal,
AS&E has entered into a
supply
agreement to procure the X-band linear accelerators from Accuray to support
AS&E's Shaped Energy™ high energy inspection systems. In addition, Accuray
will be assuming the lease of AS&E's facility in Mountain View, CA and
retaining a majority of the employees.
"We are very pleased to
have completed this transaction with Accuray", said Anthony Fabiano, AS&E's
President and CEO. "Both parties worked very effectively and cooperatively to
bring this agreement to a close. This transaction will net a positive result
for both companies and we look forward to our new relationship with Accuray - a
valued and long-time customer that now will be a key supplier of linear
accelerators to AS&E. The technical
and managerial expertise of our people at HES will be a significant complement
to Accuray's talented employee base and will further enhance their position in
the marketplace".
Accuray Incorporated,
located in Sunnyvale, California, designs, manufactures, and distributes the
CyberKnife Stereotactic Radiosurgery System, worldwide.
About AS&E
®:
American Science and Engineering, Inc. develops and manufactures
state-of-the-art X-ray inspection systems for homeland security and other
critical defense applications. AS&E continues to innovate, create and
develop new products by investing in new ideas through research and
development, and evolving its technology to meet the needs of an ever-changing
world. AS&E's patented Z
®
Backscatter technology detects plastic
explosives, illegal drugs, and other contraband, even when artfully concealed
in complex backgrounds by terrorists and smugglers. AS&E's Shaped Energy
TM
X-ray inspection systems combine the material discrimination features of Z
®
Backscatter imaging with the penetration capability of high-energy X-rays for
dense cargoes, without the problems caused by excessive radiation. For more
information on AS&E products and technologies, please visit http://www.as-e.com.
For
more information
:
Laura
Berman
American
Science and Engineering, Inc.
(978)
262-8700
Safe Harbor
Statement
. The foregoing press release contains statements concerning
AS&E's financial performance, markets and business operations that may be
considered "forward-looking" under applicable securities laws. AS&E wishes
to caution readers of this press release that actual results might differ
materially from those projected in any forward-looking statements. Factors
which might cause actual results to differ materially from those projected in
the forward-looking statements contained herein include the following:
significant reductions or delays in procurements of the Company's systems by
the United States and other governments; disruption in the supply of any source
component incorporated into AS&E's products; litigation seeking to restrict
the use of intellectual property used by the Company; potential product
liability claims against the Company; global political trends and events which
affect public perception of the threat presented by drugs, explosives and other
contraband; global economic developments and the ability of governments and private
organizations to fund purchases of the Company's products to address such
threats; and the potential insufficiency of Company resources, including human
resources, capital,
plant and equipment and
management systems, to accommodate any future growth, and future delays in
federal funding. These and certain other factors which might cause actual
results to differ materially from those projected are detailed from time to
time in AS&E's periodic reports and registration statements filed with the
Securities and Exchange Commission, which important factors are incorporated
herein by reference. AS&E undertakes no obligation to update forward
looking statements to reflect changed assumptions, the occurrence of
unanticipated events, or changes in future operating results, financial
condition or business over time.
2

text:
American
Science and Engineering, Inc.

text: Accuray Incorporated

text: Accuray

text: American Science and Engineering, Inc.

text:
Accuray
Incorporated

text: Accuray

text: Accuray

text: Accuray

text: Accuray

text: Accuray

text: Accuray

text: Accuray

text: Accuray Incorporated

text: American Science and Engineering, Inc.

text:
American
Science and Engineering, Inc.


text:
EX-99.1
2
a8-kpressrelease.htm
PRESS RELEASE
8-K Press Release
Media Contact:
The Abernathy MacGregor Group, Inc.
Rivian Bell, rlb@abmac.com
Sydney Isaacs, sri@abmac.com
Tel: 213/630-6550
Court Grants Motion to Approve Sale of THQ Inc. Assets
Majority of Titles, Studios Expected to Continue Development
with Financial Backing of New Owners
AGOURA HILLS, Calif. - Jan. 23, 2013- THQ Inc. (OTC: THQIQ), a leading worldwide developer and publisher of interactive entertainment software, today announced that the U.S. Bankruptcy Court has granted a motion to approve a sale of the majority of THQ's assets to multiple buyers. The company expects the Court to enter a formal order tomorrow.
The Court approved the sales of three of THQ's owned studios and games in development, as well as Evolve, a working title under development at Turtle Rock Studios, Homefront 2, Metro: Last Light and South Park: The Stick of Truth. Under the terms of the agreements with the successful and approved bidders, the THQ estate will receive approximately $72 million, making the total estimated value of the estate $100 million including certain assets and other intellectual properties which were excluded from the sale.
The Court approved the sale of Relic Studios to Sega Corporation for $26.6 million; the sale of Volition Inc. and Metro: Last Light to Koch Media GmbH for $22.3 million and $5.9 million, respectively; the sale of Homefront 2 to Crytek GmbH for $0.5 million; the sale of Evolve to Take-Two Interactive Software, Inc. for $10.9 million; and the sale of THQ Montreal and South Park: The Stick of Truth to Ubisoft LLC for $2.5 million and $3.3 million, respectively. Excluded from the sales were the company's publishing businesses, Vigil Games, and certain other assets and intellectual properties, which will remain part of the THQ estate and will continue in the Chapter 11 process.
Brian Farrell, Chairman and CEO of THQ, noted, "While we had hoped that the restructuring process would allow the company to remain intact, I am heartened that the majority of our studios and games will continue under new ownership. It has been my pleasure to work alongside this great group of people, and I am proud of the imaginative and artistic games that our team has created. Although we will no longer be able to work together with a unified mission, I am confident that the talent we have assembled will continue to make an impression on the video game industry. For those whose positions are not likely to continue, I sincerely regret this outcome and we will be meeting with you over the next few days to discuss the transition".
Jason Rubin, President of THQ, added, "I was brought in eight months ago to help turn this ship around, and while I'm disappointed that we could not effect a sale for the entire operating business, I am pleased that the new buyers will be providing jobs to many of our very talented personnel. When we first announced the sale process, I said I would be happy if the company's games and people had a bright future, even if it meant I did not have a job at the end of it. And I still feel that way".
The new owners have not articulated their plans for the assets, or their intentions to extend employment to THQ employees included in the sale. THQ expects the new owners to extend employment to most employees and to continue development of the games they purchased that are currently in development. The assets that are not included in the sale agreements will remain part of the Chapter 11 case. THQ will continue to seek appropriate buyers, if possible.
THQ will continue to employ a small number of headquarters staff beyond January 25 to assist with the transition.
Qualified bids received by January 22 were reviewed by the company and the creditors committee. Through an auction process that lasted 22 hours yesterday and today, the successful bidders were determined, and the hearing to approve the sales took place this afternoon. Ten bidders participated in the proceedings, including bids for the entire company as well as for individual assets. The sales are expected to close tomorrow, January 24.
Clearlake Capital Group, L.P. had submitted a "stalking horse" bid for substantially all of THQ's assets in December 2012. In accordance with Section 363 of the U.S. Bankruptcy Code, the Court supervised an auction to determine the highest and best bid(s) for the company's assets in accordance with the bid procedures approved by the Court. Clearlake will receive a break-up fee of $1 million, as stated in its stalking horse asset purchase agreement.
THQ and its domestic business units filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Court for the District of Delaware on Dec. 19, 2012. The Chapter 11 case will continue for THQ.
For additional information about THQ, please visit www.thq.com. For information regarding the Chapter 11 case, please visit www.kccllc.net/thq.
THQ Inc. Caution Concerning Forward-Looking Statements
This press release contains statements that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about the business of THQ Inc. and its subsidiaries (collectively referred to as "THQ"), including, but not limited to, expectations regarding the bankruptcy case. These statements are based upon management's current beliefs and certain assumptions made by management. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including, but not limited to, the adverse impact of the bankruptcy case on THQ's business, financial condition and results of operations, including its ability to maintain customer and supplier relationships; THQ's ability to obtain bankruptcy court approval in connection with the bankruptcy case, the actions of THQ's creditors and other third parties with interests in the bankruptcy case, competitive, economic, legal, political, and technological factors affecting our industry, operations, markets, products, or pricing. Readers should carefully review the risk factors and the information that could materially affect THQ's financial results, described in other documents that THQ files from time to time with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal period ended March 31, 2012 and subsequent Quarterly Reports on Form 10-Q, and particularly the discussion of trends and risk factors set forth therein. Unless otherwise required by law, THQ disclaims any obligation to update its view on any such risks or uncertainties or to revise or publicly release the results of any revision to these forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
# # #

text: Sega Corporation

text: Koch Media GmbH

text: Crytek GmbH

text: Take-Two Interactive Software, Inc.

text: Ubisoft LLC

text: Brian Farrell

text: Jason Rubin


text:
EX-99.1
3
d679647dex991.htm
EX-99.1
EX-99.1
Exhibit 99.1
Enbridge Inc. Completes Mergers with Enbridge Energy Partners, L.P. and Enbridge Energy Management, L.L.C.
CALGARY and HOUSTON, December
20, 2018
- Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge), on behalf of itself and certain of
its wholly owned U.S. subsidiaries, Enbridge Energy Partners, L.P. (NYSE: EEP) (EEP) and Enbridge Energy Management, L.L.C. (NYSE: EEQ) (EEQ), today announced that they have completed the previously announced respective merger (the EEP Merger) of
EEP with a wholly owned subsidiary of Enbridge, and the merger (the EEQ Merger) of EEQ with a wholly owned subsidiary of Enbridge, each pursuant to an Agreement and Plan of Merger dated as of September 17, 2018 (the EEP Merger Agreement and the
EEQ Merger Agreement, respectively). The EEP Merger resulted in Enbridge (through a wholly owned subsidiary of Enbridge) acquiring all of the outstanding public Class A common units of EEP, and EEP becoming an indirect, wholly owned subsidiary
of Enbridge, and the EEQ Merger resulted in Enbridge (through a wholly owned subsidiary of Enbridge) acquiring all of the outstanding public Listed Shares of EEQ, and EEQ becoming a direct, wholly owned subsidiary of Enbridge. The EEP Merger and EEQ
Merger were approved by EEP unitholders and EEQ shareholders, respectively, at special meetings held on December 17, 2018.
Effective today, EEP
unitholders of record as of the close of business on November 5, 2018 (other than Enbridge and its subsidiaries) are entitled to receive from Enbridge pursuant to the EEP Merger Agreement, for each EEP Class A common unit held, 0.3350
common shares of Enbridge, and EEQ shareholders of record as of the close of business on November 5, 2018 (other than Enbridge and its subsidiaries) are entitled to receive from Enbridge pursuant to the EEQ Merger Agreement, for each EEQ Listed
Share held, 0.3350 common shares of Enbridge.
Also effective today, the EEP Class A common units and the EEQ Listed Shares will be suspended from
trading on, and delisted from, the New York Stock Exchange (NYSE). Common shares of Enbridge will continue to trade on both the NYSE and the Toronto Stock Exchange under the symbol "ENB".
Forward Looking Statements
Certain information
provided in this news release constitutes forward-looking statements. The words "anticipate", "expect", "project" and similar words and expressions are intended to identify such forward-looking statements. All
statements other than statements of historical fact may constitute forward-looking statements. Forward-looking information or statements included or incorporated by reference in this document include, but are not limited to, statements with respect
to the suspension of the EEP Class A common units and the EEQ Listed Shares from trading on, and delisted from, the NYSE. Although Enbridge, EEP and EEQ believe these statements are based on information and assumptions which are current,
reasonable and complete, these statements are not guarantees of future performance and readers are cautioned against placing undue reliance on forward looking statements. By their nature, these statements involve a variety of assumptions, risks and
uncertainties which may cause actual results to differ from those expressed or implied by such statements. Material assumptions include assumptions about the satisfaction of all conditions to the suspension from trading and delisting of the EEP
Class A common units and the EEQ Listed Shares. While Enbridge, EEP and EEQ make these forward-looking statements in good faith, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect,
actual results may vary significantly from those expected. Except as may be required by applicable securities laws, Enbridge, EEP and EEQ
1
assume no obligation to publicly update or revise any forward-looking statements made herein or otherwise, whether as a result of new information, future events or otherwise.
About Enbridge Inc.
Enbridge Inc. is North
America's premier energy infrastructure company with strategic business platforms that include an extensive network of crude oil, liquids and natural gas pipelines, regulated natural gas distribution utilities and renewable power generation.
The Company safely delivers an average of 2.9 million barrels of crude oil each day through its Mainline and Express Pipeline; accounts for approximately 62% of U.S.-bound Canadian crude oil exports; and moves approximately 22% of all natural
gas consumed in the U.S., serving key supply basins and demand markets. The Company's regulated utilities serve approximately 3.7 million retail customers in Ontario, Quebec, and New Brunswick. Enbridge also has interests in more than
1,700 MW of net renewable generating capacity in North America and Europe. The Company has ranked on the Global 100 Most Sustainable Corporations index for the past nine years; its common shares trade on the Toronto and New York stock exchanges
under the symbol ENB.
Life takes energy and Enbridge exists to fuel people's quality of life. For more information, visit www.enbridge.com.
About Enbridge Energy Partners, L.P.
Enbridge Energy Partners, L.P. owns and operates a diversified portfolio of crude oil transportation systems in the United States. Its principal crude oil
system is the largest pipeline transporter of growing oil production from western Canada and the North Dakota Bakken formation. The system's deliveries to refining centers and connected carriers in the United States account for approximately
25 percent of total U.S. oil imports. Information about Enbridge Energy Partners, L.P. is available on its website at www.enbridgepartners.com.
About Enbridge Energy Management, L.L.C.
Enbridge Energy Management, L.L.C. manages the business and affairs of Enbridge Energy Partners, L.P., and its sole asset is an approximate 21 percent
limited partner interest in Enbridge Energy Partners, L.P. Enbridge Energy Company, Inc., an indirect wholly owned subsidiary of Enbridge Inc. of Calgary, Alberta, Canada (NYSE: ENB) (TSX: ENB) is the general partner of Enbridge Energy Partners,
L.P. and holds an approximate 35 percent interest in Enbridge Energy Partners, L.P. Enbridge Energy Management, L.L.C. is the delegate of the general partner of Enbridge Energy Partners, L.P.
FOR FURTHER INFORMATION PLEASE CONTACT:
Media
Michael Barnes
Toll Free: (888)
992-0997
Email: media@enbridge.com
Investment Community
Toll Free: (800)
481-2804
Email: investor.relations@enbridge.com
2

text: Enbridge Inc.

text: Enbridge Energy Partners, L.P.

text: Enbridge Energy Management, L.L.C.

text: Enbridge Inc.

text: Enbridge

text: Enbridge Energy Partners, L.P.

text: EEP

text: EEP

text: Enbridge Energy Management, L.L.C.

text: EEQ

text: EEQ

text: EEP

text: EEP

text: Enbridge

text: EEQ

text: EEQ

text: Enbridge

text: EEP

text: EEQ

text: EEP

text: Enbridge

text: Enbridge

text: EEP

text: EEP

text: Enbridge

text: EEQ

text: Enbridge

text: Enbridge

text: EEQ

text: EEQ

text: Enbridge

text: EEP

text: EEQ

text: EEP

text: EEQ

text: EEP

text: Enbridge

text: Enbridge

text: EEP

text: EEP

text: Enbridge

text: EEQ

text: Enbridge

text: Enbridge

text: EEQ

text: EEQ

text: Enbridge

text: EEP

text: EEQ

text: Enbridge

text: EEP

text: EEQ

text: Enbridge

text: EEP

text: EEQ

text: EEP

text: EEQ

text: Enbridge

text: EEP

text: EEQ

text: Enbridge

text: EEP

text: EEQ

text: Enbridge Inc.

text: Enbridge Inc.

text: Enbridge

text: Enbridge

text: Enbridge Energy Partners, L.P.

text: Enbridge Energy Partners, L.P.

text: Enbridge Energy Partners, L.P.

text: Enbridge Energy Management, L.L.C.

text: Enbridge Energy Management, L.L.C.

text: Enbridge Energy Partners, L.P.

text: Enbridge Energy Partners, L.P.

text: Enbridge Inc.

text:
Enbridge Energy Partners,
L.P.

text: Enbridge Energy Partners, L.P.

text: Enbridge Energy Management, L.L.C.

text: Enbridge Energy Partners, L.P.


text:
EX-99.1
3
a04-10568_3ex99d1.htm
EX-99.1
Exhibit 99.1
Photonic
Products Group, Inc.
181 Legrand Avenue
Northvale, New Jersey 07647
U.S.A.
201-767-1910
201-767-9644
fax
dlehrfeld@ppgrpinc.com
www.ppgrpinc.com
FOR IMMEDIATE RELEASE
Wednesday, October 20, 2004
Source: Photonic Products Group, Inc.
PPGI
ACQUIRES MRC PRECISION METAL OPTICS, INC.
NORTHVALE, NJ, October 20 -
Photonic
Products Group, Inc. (OTC Bulletin Board: PHPG) announced today that it has
acquired the stock of MRC Precision Metal Optics, Inc. of Sarasota, FL in a
cash transaction. PPGI has retained the
MRC workforce, including its founder and President, Frank Montone. MRC will operate from its present location as
a wholly owned subsidiary of PPGI. It
will henceforth do business as "MRC Precision Optics, a PPGI company".
MRC, established in 1983
is a fully integrated precision metal optics and optical assembly manufacturer.
The company provides highest quality precision CNC and diamond machining,
polishing, plating, beryllium machining, and opto-mechanical design and assembly
services. MRC has developed custom processes to support prototype through high
rate production quantities of large flat mirrors, thermally stable optical
mirrors
,
reflective
porro prisms, low RMS surface finish polished mirrors, diamond machined and
precision aspheric and plano mirrors, and arc-second accuracy polygons and
motor assemblies. Optical plating specialties include void-free gold and
electroless nickel. Insistence on quality and technical integrity has given MRC
well-deserved recognition in the marketplace, serving customers in commercial,
military, and aerospace industry sectors.
Dan Lehrfeld, President
and CEO of PPGI, commented, "MRC complements our Laser Optics and INRAD optical
component product lines.
This acquisition is consistent with our objectives of acquiring
businesses, products and technologies to diversify,
expand and strengthen our overall market position. Frank and his team's excellent reputation for
product quality and for solving difficult customer challenges in metal and diamond
machined plano, spherical, and aspherical optics and opto-mechanical assemblies
is a complimentary fit with the equally excellent reputation of our Laser
Optics and INRAD high precision plano-plano optics, spherical optics,
polarizing optics, laser optics, and high-performance thin-film coatings".
Mr. Lehrfeld added, "Frank
will report to me as MRC's President and General Manager, and will lead the
expansion and growth program we have together outlined for MRC's future".
Frank Montone, President,
General Manager, and founder of MRC commented, "I am pleased to have found in
Dan and PPGI a buyer that shares a similar set of core values and our desire
and intent to lead MRC along a path of profitable growth. With PPGI's
assistance, advice, and support, I anticipate and look forward to our team
successfully executing our growth strategy. We look forward to serving MRC's
customers, both old and new, with the same high levels of responsiveness and
quality that they have come to expect over the years".
PPGI acquired the stock
of MRC by utilizing cash obtained from lenders and investors during 2004. The purchase transaction closed on October
19, 2004. Its impact on earnings per share
is expected to be neutral in the first six months, and
accretive thereafter.
Photonic Products Group,
Inc. develops, manufactures, and markets products and services for use in
diverse Photonics industry sectors via its expanding portfolio of distinct
business units. Its INRAD business unit specializes in crystal-based optical components,
devices and instruments. Its Laser Optics business unit specializes in
precision custom optical components, assemblies, and optical coatings. Its MRC
business unit specializes in precision diamond turned optics, metal optics, and
opto-mechanical assemblies. Its customers include leading corporations in the
Defense and Aerospace, Laser Systems, and Process Control and Metrology
Equipment sectors of the Photonics Industry, as well as the U.S.
Government. Its products are also used
by researchers at National Laboratories and Universities world-wide.
Safe Harbor Statement
under the Private Securities Litigation Reform Act of 1995: The statements
contained in this press release that are not purely historical are forward
looking statements within the meaning of Section 27A of the Securities Act of
1933 and Section 21E of the Securities Act of 1934. These statements may be
identified by their use of forward-looking terminology such as "believes", "expects",
"will", "plan", or similar words. Such
forward-looking statements, such as our expectation for positive impact on
earnings per share from the MRC acquisition, and continued growth of sales and
profits, involve risks and uncertainties that could cause actual results to
differ materially from those projected. Risks and uncertainties that could
cause actual results to differ materially from such forward looking statements
are, but are not limited to, uncertainties in market demand for the company's
products or the products of its customers, future actions by competitors,
inability to implement its growth strategies, inability to realize synergies
from the integration of MRC into PPGI, inability to contain integration
expenses to expected levels, inability to raise capital, and other factors
discussed from time to time in the Company's filings with the Securities and
Exchange Commission. The forward looking statements made in this news release
are made as of the date hereof and Photonic Products Group, Inc. does not
assume any obligation to update publicly any forward looking statement.

text:
Photonic
Products Group, Inc.

text: Photonic Products Group, Inc.

text: PPGI

text: MRC PRECISION METAL OPTICS, INC.

text:
Photonic
Products Group, Inc.

text: MRC Precision Metal Optics, Inc.

text: PPGI

text: MRC

text: Frank Montone

text: MRC

text: PPGI

text: PPGI

text: MRC

text: MRC

text: MRC

text: Dan Lehrfeld

text: PPGI

text: MRC

text: MRC

text: MRC

text: Frank Montone

text: MRC

text: PPGI

text: MRC

text: PPGI

text: MRC

text: PPGI

text: MRC

text:
Photonic Products Group,
Inc.

text: MRC

text: MRC

text: MRC

text: PPGI

text: Photonic Products Group, Inc.