text:
EX-99.1
2
ex99_1.htm
PRESS RELEASE ISSUED BY LEXMARK
ex99_1.htm
Lexmark completes acquisition of Kofax, announces Enterprise Software leadership change
LEXINGTON, Ky., May 21, 2015
·
Lexmark International, Inc. today announced that it has closed on its acquisition of Kofax Limited. Lexmark acquired Kofax in a cash transaction for $11.00 per share, for a total enterprise value of approximately $1 billion. This acquisition will nearly double the size of Lexmark's Enterprise Software annualized revenue to approximately $700 million.
·
Lexmark also announced that Scott Coons, president of Lexmark's Enterprise Software, has decided to retire, effective at the end of July 2015. Coons has successfully led Lexmark's software division since the company acquired Perceptive Software in 2010.
·
During Coons' tenure, Lexmark's Enterprise Software expanded from its enterprise content management software roots into process, capture and search technologies, and significantly strengthened the company's industry-focused solutions. Coons helped expand the Enterprise Software team's international footprint through organic sales investment and acquisitions. Coons will assist in the leadership transition until his retirement date.
·
Effective immediately, Reynolds C. Bish, CEO of Kofax, succeeds Coons as president of Lexmark's Enterprise Software. Bish will also be a Lexmark vice president and report directly to Paul Rooke, Lexmark chairman and chief executive officer. Bish has been active in enterprise software markets for more than 20 years. He has successfully led Kofax since 2007. Prior to Kofax, Bish co-founded Captiva Software Corporation and served as its president and chief executive officer from 1989 until its acquisition in 2005.
Supporting Quotes
"Scott's career in enterprise software has been truly extraordinary. He successfully led Perceptive Software from a small startup to one of Kansas City's hottest companies and one of the industry's leading enterprise content software providers. Our acquisition of Perceptive Software truly changed Lexmark, helping to grow and position us as a leader in managing unstructured print and digital information", said Paul Rooke, Lexmark chairman and chief executive officer. "Scott's thoughtful and insightful leadership has been key throughout Lexmark's Enterprise Software evolution. His passion for the technology, and for attracting, developing and retaining a deep and diverse group of
talented employees, will be the hallmarks of his career. We wish Scott the best of luck in his retirement".
"We have tremendous confidence in the future of our Enterprise Software business under Reynolds - a testament to his proven leadership abilities and career success. His considerable experience in building and operating global businesses is a harbinger of future growth and expansion for Lexmark's Enterprise Software", added Rooke.
About Lexmark
Lexmark (NYSE: LXK) creates enterprise software, hardware and services that remove the inefficiencies of information silos and disconnected processes, connecting people to the information they need at the moment they need it. Open the possibilities at www.Lexmark.com.
Lexmark, the Lexmark logo and Open the possibilities are trademarks of Lexmark International, Inc., registered in the U.S. and/or other countries. All other trademarks are the property of their respective owners.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this release which are not historical facts are forward-looking and involve risks and uncertainties which may cause the company's actual results or performance to be materially different from the results or performance expressed or implied by the forward-looking statements. Factors that may impact such forward-looking statements include, but are not limited to, fluctuations in foreign currency exchange rates; failure to successfully integrate newly acquired businesses; continued economic uncertainty related to volatility of the global economy; inability to execute the company's strategy to become an end-to-end solutions provider; decreased supplies consumption; possible changes in the size of expected restructuring costs, charges, and savings; market acceptance of new products; aggressive pricing from competitors and resellers; changes in the company's tax provisions or tax liabilities; excessive inventory for the company's reseller channel; failure to manage inventory levels or production capacity; periodic variations affecting revenue and profitability; inability to realize all of the anticipated benefits of the company's acquisitions; the failure of information technology systems, including data breaches or cyber attacks; the inability to develop new products and enhance existing products to meet customer needs on a cost competitive basis; reliance on international production facilities, manufacturing partners and certain key suppliers; business disruptions; increased competition in the aftermarket supplies business; inability to obtain and protect the company's intellectual property rights and defend against claims of infringement and/or anticompetitive conduct; ineffective internal controls; customer demands and new regulations related to conflict-free minerals; fees on the company's products or litigation costs required to protect the company's rights; inability to perform under managed print services contracts; the inability to attract, retain and motivate key employees; terrorist acts; acts of war or other political conflicts; increased investment to support product development and marketing; the financial failure or loss of business with a key customer or reseller; credit risk associated with the company's customers, channel partners, and investment portfolio; the outcome of litigation or regulatory proceedings to which the company may be a party; unforeseen cost impacts as a result of new legislation; changes in a country's political or economic conditions; disruptions at important points of exit and entry and distribution centers; and other risks described in the company's Securities and Exchange Commission filings. The company undertakes no obligation to update any forward-looking statement.
Lexmark Investor Contact:
John Morgan
859-232-5568
jmorgan@Lexmark.com
Lexmark Media Contact:
Jerry Grasso
859-232-3546
ggrasso@Lexmark.com

text: LEXMARK

text: Lexmark

text: Kofax

text: Lexmark International, Inc.

text: Kofax Limited

text: Lexmark

text: Kofax

text: Lexmark

text: Lexmark

text: Scott Coons

text: Lexmark

text: Lexmark

text: Lexmark

text: Reynolds C. Bish

text: Kofax

text: Lexmark

text: Lexmark

text: Lexmark

text: Kofax

text: Kofax

text: Lexmark

text: Lexmark

text: Lexmark

text: Lexmark

text: Lexmark

text: Lexmark

text: Lexmark

text: Lexmark

text: Lexmark International, Inc.

text: Lexmark

text: Lexmark


dataset: buster

text:
EX-99.1
4
d814580dex991.htm
EX-99.1
EX-99.1
Exhibit 99.1
Contact:
Melanie L. Sprowson
Director, Investor Relations
412-429-2454
msprowson@ampcopgh.com
FOR IMMEDIATE
RELEASE
CARNEGIE, PA
September 30, 2019
Ampco-Pittsburgh Announces Completed Sale of Canadian Specialty Steel Operations
Carnegie, PA, September 30, 2019 - Ampco-Pittsburgh Corporation (NYSE: AP) today announced the completion of the sale of its Canadian specialty
steel subsidiary, ASW Steel Inc. ("ASW"), to Valbruna Canada Ltd., a subsidiary of Acciaierie Valbruna S.p.A., of Vicenza, Italy ("Valbruna").
With production facilities located in Fort Wayne, Indiana, and in Italy, and with worldwide distribution including a service center in Milton, Ontario,
Canada, Valbruna is a leading producer of stainless steels, nickel alloys, and titanium long products. It has an annual output of approximately 200,000 tons of specialty steels.
"The divestiture of ASW is consistent with Ampco-Pittsburgh's strategy to concentrate on assets critical to our success in the Forged and Cast
Engineered Products segment. We anticipate an immediate improvement to Ampco-Pittsburgh's bottom line. We thank our colleagues at ASW and wish them well going forward", said Brett McBrayer, Ampco-Pittsburgh's Chief Executive Officer.
Massimo Amenduni, Managing Director of Valbruna, stated, "This acquisition is a very important step for us to provide an even better service to our
valued North American customers".
About Ampco-Pittsburgh Corporation
Ampco-Pittsburgh Corporation, through its operating subsidiary, Union Electric Steel Corporation, is a leading producer of forged and cast rolls for the
worldwide steel and aluminum industries, as well as ingot and open die forged products for the oil and gas, aluminum, and plastic extrusion industries. Ampco-Pittsburgh is also a producer of air and liquid processing equipment, primarily
custom-engineered finned tube heat exchange coils, large custom air handling systems, and centrifugal pumps. The Corporation operates manufacturing facilities in the United States, United Kingdom, Sweden, Slovenia, and China. Sales offices are
located in North and South America, Asia, Europe, and the Middle East. Corporate headquarters is located in Carnegie, Pennsylvania.
About Valbruna Group
Valbruna Group is a leading international manufacturer and distributor of stainless steel and nickel alloys bars and wires with manufacturing plants in
Italy and the U.S., and worldwide distribution. The Valbruna Group is in business since 1925 and has annual sales in excess of USD 1 billion.
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made by or on our behalf. This news release may
contain forward-looking statements that reflect our current views with respect to future events and financial performance. Actual results may vary significantly from the Corporation's expectations based on a number of risks and uncertainties,
including, but not limited to, the following: cyclical demand for products and economic downturns may reduce demand for the Corporation's products; excess global capacity in the steel industry could lower prices for the Corporation's
products; economic or other factors may reduce the level of the Corporation's export sales; the Corporation's profitability could be reduced by increases in commodity prices or shortages of key production materials; a work stoppage or
similar industrial action could disrupt the Corporation's operations; currency fluctuations; and proposed divestitures and restructuring activities of the Corporation may generate greater expenses or losses or lower savings than currently
anticipated. Forward-looking statements speak only as of the date on which such statements are made, are not guarantees of future performance or expectations, and involve risks and uncertainties. The Corporation cannot guarantee any future results,
levels of activity, performance or achievements. Except as required by applicable law, the Corporation assumes no obligation, and disclaims any obligation, to update forward-looking statements whether as a result of new information, events or
otherwise.

label: person

text: Melanie L. Sprowson

label: organization

text: Ampco-Pittsburgh

text: Ampco-Pittsburgh Corporation

text: ASW Steel Inc.

text: Acciaierie Valbruna S.p.A.

text: Ampco-Pittsburgh

text: Ampco-Pittsburgh

text: Ampco-Pittsburgh

text: Massimo Amenduni

text: Ampco-Pittsburgh Corporation

text: Ampco-Pittsburgh Corporation

text: Ampco-Pittsburgh

source_dataset: expertai/BUSTER

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


text:
EX-99.1
2
amakclosepressrelease09-.htm
EX-99.1
amakclosepressrelease09-
Trecora Resources Completes Sale of AMAK Shares Sale completion allows for singular focus on execution and growth SUGAR LAND, Texas, September 29, 2020 - Trecora Resources ("Trecora" or the "Company") (NYSE: TREC), a leading provider of specialty hydrocarbons and specialty waxes, today announced that on September 28, 2020, the Company completed its share sale transaction in Al Masane Al Kobra Mining Co., a Saudi Arabian joint stock company ("AMAK"). In connection with the share sale, Trecora received in aggregate, total gross proceeds amounting to $70.5 million. Proceeds of the share sale net of taxes and transaction expenses are estimated to be $60 million. "The closing of our non-core AMAK equity share sale marks an important milestone for the company and the fulfillment of our commitment to deliver significant value to our stockholders", said Pat Quarles, Trecora's President and Chief Executive Officer. "Proceeds from this transaction have enabled us to pay down debt and achieve our target leverage ratio of 1.5 to 2.0 times Adjusted EBITDA from continuing operations while building significant liquidity for future deployment. "Our primary focus on cost control, operational reliability, and sound execution has allowed us to navigate an uncertain 2020 from a position of strength. With the completion of this transaction we have simplified our company's structure to pure speciality chemicals and positioned ourselves to generate growth. Our internal growth initiatives, comprising of approximately 27 individual projects, remains on target to realize approximately $4 million of annualized incremental EBITDA value creation in 2020 and significantly more in 2021", concluded Mr. Quarles. Use of Non-GAAP Measures This press release includes the use of both U.S. generally accepted accounting principles ("GAAP") and non-GAAP financial measures. The Company believes certain financial measures, such as EBITDA from continuing operations and Adjusted EBITDA from continuing operations, which are non-GAAP measures, provide users of our financial statements with supplemental information that may be useful in evaluating our operating performance. The Company believes that such non-GAAP measures, when read in conjunction with our operating results presented under GAAP, can be used to better assess our performance from period to period and relative to performance of other companies in our
industry, without regard to financing methods, historical cost basis or capital structure. These measures are not measures of financial performance or liquidity under GAAP and should be considered in addition to, and not as a substitute for, analysis of our results under GAAP. We define EBITDA from continuing operations as net income (loss) from continuing operations plus interest expense (benefit), income taxes, depreciation and amortization. We define Adjusted EBITDA from continuing operations as EBITDA from continuing operations plus share-based compensation, plus restructuring and severance expenses, plus or minus equity in AMAK's earnings and losses, plus impairment losses and plus or minus gains or losses on disposal of assets. Forward-Looking Statements Some of the statements and information contained in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements regarding the Company's financial position, business strategy and plans and objectives of the Company's management for future operations and other statements that are not historical facts, are forward-looking statements. Forward-looking statements are often characterized by the use of words such as "outlook", "may", "will", "should", "could", "expects", "plans", "anticipates, "contemplates", "proposes", "believes", "estimates", "predicts", "projects", "potential", "continue", "intend", or the negative of such terms and other comparable terminology, or by discussions of strategy, plans or intentions. Forward-looking statements involve known and unknown risks, uncertainties, assumptions, and other important factors that could cause the actual results, performance or our achievements, or industry results, to differ materially from historical results, any future results, or performance or achievements expressed or implied by such forward-looking statements. Such risks, uncertainties and factors include, but are not limited to: general economic and financial conditions domestically and internationally; insufficient cash flows from operating activities; our ability to attract and retain key employees; feedstock, product and mineral prices; feedstock availability and our ability to access third party transportation; competition; industry cycles; natural disasters or other severe weather events, health epidemics and pandemics (including COVID-19) and terrorist attacks; our ability to consummate extraordinary transactions, including acquisitions and dispositions, and realize the financial and strategic goals of such transactions; technological developments and our ability to maintain, expand and upgrade our facilities; regulatory changes; environmental matters; lawsuits; outstanding debt and other financial and legal obligations (including having to return the amounts borrowed under the Paycheck Protection Program or failing to qualify for forgiveness of such loans, in whole or in part); difficulties in obtaining additional financing on favorable conditions, or at all; local business risks in foreign countries, including civil unrest and military or political conflict, local regulatory and legal environments and foreign currency fluctuations; and other risks detailed in our latest Annual Report on Form 10-K, including but not limited to: "Part I, Item 1A. Risk Factors" and "Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations" therein, and in our other filings with the Securities and Exchange Commission 2
(the "SEC"). Many of these risks and uncertainties are currently amplified by and will continue to be amplified by, or in the future may be amplified by, the COVID-19 pandemic. There may be other factors of which we are currently unaware or deem immaterial that may cause our actual results to differ materially from the forward-looking statements. In addition, to the extent any inconsistency or conflict exists between the information included in this report and the information included in our prior releases, reports and other filings with the SEC, the information contained in this report updates and supersedes such information. Forward-looking statements are based on current plans, estimates, assumptions and projections, and, therefore, you should not place undue reliance on them. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them in light of new information or future events. About Trecora Resources (TREC) TREC owns and operates a specialty petrochemicals facility specializing in high purity hydrocarbons and other petrochemical manufacturing and a specialty wax facility, both located in Texas, and provides custom processing services at both facilities. Investor Relations Contact: Jason Finkelstein The Piacente Group, Inc. 212-481-2050 trecora@tpg-ir.com 3

text: Trecora Resources

text: AMAK

text: Trecora Resources

text: Al Masane Al Kobra Mining Co.

text: AMAK

text: AMAK

text: AMAK

text: Trecora Resources


text:
EX-99.1
3
v205944_ex99-1.htm
Unassociated Document
Exhibit
99.1
For Immediate Release
NEWS
RELEASE
Contact:
Gastar
Exploration Ltd.
J.
Russell Porter, President & CEO
713-739-1800
/
rporter@gastar.com
Investor
Relations Counsel:
Lisa
Elliott / Anne Pearson
DRG&L:
713-529-6600
lelliott@drg-l.com
/
apearson@drg-l.com
GASTAR
EXPLORATION ANNOUNCES COMPLETION OF ACQUISITION OF MARCELLUS SHALE
LEASEHOLD
HOUSTON, December 20, 2010
-
Gastar Exploration Ltd. (NYSE Amex: GST) announced today that the Company has
completed the previously announced Marcellus property acquisition for $29.1
million. The acquisition consists of approximately 62,000 net acres
of leasehold in the Marcellus Shale concentrated in Preston, Tucker and
Pendleton Counties, West Virginia, including approximately 17,000 net acres held
by production, a gathering system comprised of 41 miles of six inch steel
pipeline, a salt water disposal well, and five conventional wells producing
approximately 500 Mcf per day (gross) of natural gas.
J. Russell Porter, Gastar's President
and CEO, stated, "With the completion of this acquisition, Gastar now holds
approximately 80,000 net acres in the Marcellus Shale making Gastar one of the
most highly leveraged companies to the Marcellus Shale based on net acres
related to enterprise value. On the newly acquired acreage, we plan
to drill two horizontal wells in 2011 near our previous successful vertical well
testing. The proposed drilling activity should further de-risk and
demonstrate the long-term growth potential of this acreage".
About
Gastar Exploration
Gastar Exploration Ltd. is an
exploration and production company focused on finding and developing oil and
natural gas assets in North America. The Company currently pursues a strategy
combining deep natural gas exploration and development with lower risk shale
resource development. The Company owns and operates exploration and development
acreage in the deep Bossier gas play of East Texas and Marcellus Shale play in
West Virginia and Pennsylvania. The Company also owns coalbed methane properties
located in the Powder River Basin of Wyoming. For more information,
visit our web site at www.gastar.com.
Safe
Harbor Statement and Disclaimer
This news
release includes "forward looking statements" within the meaning of Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. Forward looking statements give our
current expectations, opinion, belief or forecasts of future events and
performance. A statement identified by the use of forward looking
words including "may", "expects", "projects", "anticipates", "plans",
"believes", "estimate", "will", "should", and certain of the other foregoing
statements may be deemed forward-looking statements. Although Gastar
believes that the expectations reflected in such forward-looking statements are
reasonable, these statements involve risks and uncertainties that may cause
actual future activities and results to be materially different from those
suggested or described in this news release. These include risk
inherent in natural gas and oil drilling and production activities, including
risks of fire, explosion, blowouts, pipe failure, casing collapse, unusual or
unexpected formation pressures, environmental hazards, and other operating and
production risks, which may temporarily or permanently reduce production or
cause initial production or test results to not be indicative of future well
performance or delay the timing of sales or completion of drilling operations;
delays in receipt of drilling permits; risks with respect to natural gas and oil
prices, a material decline in which could cause Gastar to delay or suspend
planned drilling operations or reduce production levels; risks relating to the
availability of capital to fund drilling operations that can be adversely
affected by adverse drilling results, production declines and declines in
natural gas and oil prices; risks relating to unexpected adverse developments in
the status of properties; risks relating to the absence or delay in receipt of
government approvals or third party consents; and other risks described in
Gastar's Annual Report on Form 10-K and other filings with the SEC, available at
the SEC's website at
www.sec.gov
. By
issuing forward looking statements based on current expectations, opinions,
views or beliefs, Gastar has no obligation and, except as required by law, is
not undertaking any obligation, to update or revise these statements or provide
any other information relating to such statements.
Our
actual sales production rates can vary considerably from tested initial
production rates depending upon completion and production techniques and our
primary areas of operations are subject to natural steep decline
rates.
# #
#

text:
Gastar
Exploration Ltd.

text:
J.
Russell Porter

text: GASTAR

text: Gastar Exploration Ltd.

text: J. Russell Porter

text: Gastar

text: Gastar

text: Gastar

text: Gastar Exploration Ltd.

text: Gastar

text: Gastar

text: Gastar

text: Gastar


text:
EX-99.1
2
v354442_ex99-1.htm
EX-99.1
FOR IMMEDIATE RELEASE
American Realty
Capital Global Trust Purchases Two Additional Assets for $25.6 Million
Additional Properties are over 50% Leased
to Investment Grade Tenants; Purchases are Demonstrative of ARC Global's Success in Executing its Organic Acquisitions Strategy
ARC Global's Portfolio Now Comprised
of $60.6 Million of European Assets and $9.3 Million of U.S. Assets
New York, New York, September 5, 2013
- American
Realty Capital Global Trust, Inc. ("ARC Global") announced today that it recently acquired two assets in the U.K.
and the United States, consisting of a portfolio of two office buildings in Sunderland, U.K. and a PPD Global Labs office and
laboratory facility in Highland Heights, Kentucky. The properties were acquired for an aggregate purchase price of $25.6 million,
exclusive of closing costs. The properties have a weighted average remaining lease term of 10.5 years and were purchased at a
weighted average capitalization rate of 9.4% (calculated by dividing annualized rental income on a straight-line basis by base
purchase price).
The Northern Rock office buildings are leased to Northern Rock
(Asset Management) plc, a U.K. public company that carries an investment grade credit rating as determined by major credit rating
agencies, and holds and services residential mortgages and unsecured loans, as well as government loans, and non-deposit wholesale
and secured funding instruments in the United Kingdom. These properties serve as Northern Rock's headquarters where operations
include back office administration, new sales, customer service, accounting, regulator communications (Ofwat) and bill inquiries.
The PPD Global Labs office and laboratory facility is leased
to PPD Global Labs, LLC, a contract research organization that provides testing services for biopharmaceutical companies engaged
in clinical drug development. The facility serves as a mission critical research and development center for comprehensive product
development, post-approval services, drug discovery and lifecycle management services.
Including these recent acquisitions, ARC Global has assembled
a $228.0 million portfolio of primarily triple net properties, including $69.9 million of acquired properties, $79.4 million of
acquisitions under executed purchase and sale agreements and approximately $78.7 million of acquisitions under executed letters
of intent.
"We are pleased to announce the purchase of these high
quality real estate assets", stated Nicholas S. Schorsch, Chairman and Chief Executive Officer of ARC Global. "As ARC
Global builds a diversified global portfolio, we continue to execute our European acquisition strategy while identifying strong
office, industrial and special purpose net lease assets in the U.S".
About ARC Global
ARC Global is a publicly registered, non-traded real estate
investment ("REIT") that intends to qualify as a REIT for the taxable year ended December 31, 2013. Additional information
about ARC Global can be found on its website at
www.arcglobaltrust.com
.
About American Realty Capital
Founded in 2006, American Realty Capital ("ARC")
is a full-service investment management firm providing advisory services to retail and institutional investors. ARC is an active
sponsor and manager of public and private real estate investments, a business development company and other investment products.
Collectively, ARC's senior team of seasoned professionals has acquired and managed over $10 billion of real estate, as well
as $5 billion of corporate sale-leasebacks and net leased properties. For more information, visit
www.americanrealtycap.com
.
About Moor Park Capital Partners LLP
Moor Park Capital Partners LLP ("Moor Park"), founded
in 2006, is a UK limited liability partnership and is regulated by the Financial Services Authority. Headquartered in London,
Moor Park is a private real estate firm which concentrates on commercial property investment in Europe and has approximately £2.7
billion of real estate assets currently under management. Moor Park provides a wide range of services to its clients, including,
among others, acquisition, development, asset, property and facility management, leasing services, centralized corporate support
services and financing services. The partners of Moor Park are Gary Wilder, Shemeel Khan & Jagdeep Kapoor, who together have
a combined 60 years plus of experience and have structured and executed in excess of £20 billion of real estate transactions
worldwide over their careers. For more information, visit
www.moorparkcapital.com
.
Important Notice
The statements in this press release that are not historical
facts may be forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause the
outcome to be materially different. In addition, words such as "anticipate", "believe", "expect"
and "intend" indicate a forward-looking statement, although not all forward-looking statements include these words.
Contacts
Anthony J. DeFazio
Brian S. Block, EVP & CFO
DDC Works
American Realty Capital Global Trust, Inc.
tdefazio@ddcworks.com
bblock@arlcap.com
Ph: (484-342-3600)
Ph: (212-415-6500)

text:
American Realty
Capital Global Trust

override: organization

text: two assets

text: Nicholas S. Schorsch

label: fund

text: American Realty Capital

text: American Realty Capital

text: American Realty Capital


text:
EX-99.1
6
v067663_ex99-1.htm
Press
Release
Source:
Berliner Communications, Inc.
Berliner
Acquires Digital Communication Services, Inc.
Thursday,
March 1, 2007
ELMWOOD
PARK, N.J., March 1, 2007 (PRIME NEWSWIRE) -- Berliner Communications, Inc.
(OTCBB:BERL.OB - News) today announced the acquisition of the assets and
business of Digital Communication Services, Inc.("Digitcom"), an Arlington, Texas based
provided of infrastructure equipment construction" and installation for the
wireless telecommunications industry. Digitcom has established itself as a
premier antenna and line contractor in the Southwest, and it has done work
in
virtually every area of the country.
"I
am
extremely pleased to welcome Digitcom to the Berliner family. I have gotten
to
know the management of Digitcom very well, and as we got closer to closing,
I
became more and more convinced that they were our kind of people--customer
focused and great to their employees, "said Rich Berliner, CEO of Berliner
Communications. "In a business like ours where people are everything, we were
lucky to find owners who feel the way we do", continued Berliner. "Digitcom has
an exceptional reputation in the Southwest, and with our support and complete
commitment to the region, I believe we are going to do great things together".
Berliner
acquired the assets and business, along with land and buildings, for
approximately $3.75 million in cash and notes, and 500,000 warrants to purchase
shares of Berliner common stock. The Digitcom shareholders have an opportunity
to
earn an additional $1 million if certain performance objectives are met over
the
next three years.
About
Berliner Communications, Inc.
Berliner
Communications, Inc. and its wholly owned operating subsidiary, BCI
Communications, Inc., are headquartered in Elmwood Park, New Jersey. BCI is
an
end-to-end provider of outsourced services for the wireless communications
industry, including planning, deployment and management of network build-outs.
BCI provides wireless carriers with comprehensive real estate site acquisition
and zoning services, radio frequency and network design and engineering,
infrastructure equipment construction and installation, radio transmission
base
station modification and project management services. For more information
about
Berliner's services, please visit http://www.bcisites.com.
The
statements in this press release, which are not historical fact, are
forward-looking statements within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange Act of
1934,
as amended. These statements include, without limitation, statements regarding
our future prospects, the ability to achieve our sales and profitability goals,
our perception of future industry trends and the potential positive impact
our
business prospects, and other such statements. Such statements involve risks
and
uncertainties that could cause actual results to differ materially from ours
expectations. Such risks and uncertainties include, without limitation, risks
detailed in our filings with the United States Securities and Exchange
Commission, the risk that future trends we have identified do not materialize
or
if they materialize that they do not have the beneficial effect we anticipate,
as well as the risk that we will not be able to achieve our sales and
profitability goals. All forward-looking statements in this document are made
as
of the date hereof, based on information available to us on the date hereof,
and
we disclaim any intention or obligation to revise any forward-looking
statements, including, without limitation, financial estimates, whether as
a
result of new information, future events or otherwise.

text: Berliner Communications, Inc.

text: Digital Communication Services, Inc.

text: Berliner Communications, Inc.

text: Digital Communication Services, Inc.

text: Rich Berliner

text: Berliner Communications, Inc.

text:
Berliner
Communications, Inc.


text:
EX-99.1
6
v022527_ex99-1.txt
Conversion Services International Expands Practice
through Acquisition of McKnight Associates
-Renowned Business Intelligence Consultancy, Headed by Industry
Luminary William McKnight, Augments CSI's Growing Organization-
EAST HANOVER, N.J. (July 25, 2005) -- Conversion Services International, Inc.
(OTCBB: CSII) ("CSI"), a premier professional services firm focused on
delivering the value in business intelligence, data warehousing and data
management solutions to Global 2000 organizations and other businesses, today
announced its acquisition of McKnight Associates, Inc., a highly regarded
business intelligence and data warehouse consultancy.
William McKnight, who joins CSI as Senior Vice President, Data Warehousing,
founded McKnight Associates in 1998. Since inception, McKnight Associates, Inc.
has focused on successfully designing, developing, and implementing data
warehousing and business intelligence solutions for its clients in numerous
industries. At CSI, McKnight will work with clients on data warehousing strategy
and architecture, enhancing and defining best practices, contributing to CSI's
Technology Advisory Committee (TAC), and representing CSI at industry
conferences and educational forums.
Glenn Peipert, CSI's Executive Vice President and Chief Operating Officer
commented, "We've always been impressed with the fine work of McKnight
Associates. Under William's tutelage, their organization has earned the
admiration of blue-chip clients." He continued, "McKnight Associates and CSI
share similar philosophies, including a strong commitment to business
intelligence as an ongoing process. We're confident the McKnight team will help
support CSI's growth, as well as our market outreach programs".
McKnight is a well-known business intelligence industry leader. A columnist for
major data management trade publications, he has also spoken at more than 100
international events. He is a frequent best practices judge for The Data
Warehousing Institute, DM Review magazine's World Class Solution Award, and the
Software & Information Industry Association's Codie Awards. Quoted extensively
on business intelligence and data warehousing topics, he will continue to
contribute thought leadership to the business intelligence industry.
William McKnight commented, "This acquisition is beneficial for our present and
future clients, partners, and employees. Business intelligence has never been
more important in achieving the goal of sustained growth. The delivery capacity
of our organization is strong and will be applied sharply to making information
the distinguishing corporate asset it needs to be for our clients".
About Conversion Services International, Inc.
Conversion Services International, Inc. (CSI) is a leading provider of a new
category of professional services focusing on strategic consulting, data
warehousing, business intelligence, and information technology management
solutions. CSI offers an array of products and services to help companies
define, develop, and implement the warehousing and strategic use of both
enterprise-wide and specific categories of strategic data. CSI's current
customers include Verizon Wireless, Morgan Stanley, Pfizer, Goldman Sachs, Merck
and Standard & Poor's. Information about CSI can be found on the web at
www.csiwhq.com or by calling its corporate headquarters at 888-CSI-5036.
Note on Forward-Looking Statements
Except for the historical information contained herein, this press release
contains, among other things, certain forward-looking statements, within the
meaning of the Private Securities Litigation Reform Act of 1995, which involve
risks and uncertainties. Such statements may include, without limitation,
statements with respect to CSI's plans, objectives, expectations and intentions
and other statements identified by words such as "may", "could", "would,"
"should", "believes", "expects", "anticipates", "estimates", "intends", "plans"
or similar expressions. These statements are based upon the current beliefs and
expectations of CSI's management and are subject to significant risks and
uncertainties, including those detailed in CSI's filings with the Securities and
Exchange Commission. Actual results may differ from those set forth in the
forward-looking statements. These forward-looking statements involve certain
risks and uncertainties that are subject to change based on various factors
(many of which are beyond CSI's control). CSI undertakes no obligation to update
publicly any forward-looking statements.
# # #
Note to editors: Trademarks and registered trademarks contained herein remain
the property of their respective owners. Photos of William McKnight and Glenn
Peipert are available from The Devon Group.
Media Contact:
Jeanne Achille
The Devon Group
(732) 542-2000, ext. 11 jeanne@devonpr.com

text: Conversion Services International

text: McKnight Associates

text: Conversion Services International

text: McKnight Associates, Inc.

text: McKnight Associates

text: McKnight Associates, Inc.

text:
McKnight
Associates

text: McKnight Associates

text: Conversion Services International

text: Conversion Services International


text:
EX-99.1
2
d303727dex991.htm
EX-99.1
EX-99.1
EXHIBIT 99.1
Wabtec Acquires Majority Ownership
Of Faiveley Transport; Updates 2016 Guidance,
Provides 2017 Preliminary Information
WILMERDING, PA, December 1, 2016 - Wabtec Corporation (NYSE: WAB) has acquired majority ownership of Faiveley Transport S.A.
(Euronext Paris: LEY), after completing the purchase of the Faiveley family's stake, which represented about 51% of the company's shares outstanding. Wabtec plans to launch a tender offer for the remaining public shares in December.
Faiveley Transport is a leading global provider of value-added, integrated systems and services for the railway industry with annual sales of
about $1.2 billion.
Albert J. Neupaver, executive chairman of Wabtec, said: "The acquisition of Faiveley Transport is an
excellent strategic fit, expanding our geographic presence, broadening our product and service capabilities, and strengthening our technology and innovation initiatives. The combination of two rail industry leaders creates compelling growth
opportunities and synergies, and strengthens the diversity of our revenue base. We're pleased to welcome the Faiveley family as long-term Wabtec shareholders with representation on our Board of Directors".
Wabtec acquired the family stake for about $212 million in cash and 6.3 million shares of Wabtec common stock. Through the tender
offer, the public shareholders of Faiveley Transport will have the option to elect to receive €100 per share of Faiveley Transport in cash or 1.1538 Wabtec common shares per share of Faiveley Transport. The total purchase price for 100% of the
shares of Faiveley Transport is about $1.7 billion, including assumed debt and net of cash acquired. The $1.2 billion cash portion of the transaction will be funded from about $325 million of cash on hand, the net proceeds from a
recent $750 million senior notes offering and the company's existing revolving credit facility and term note.
The strategic
combination of Wabtec and Faiveley Transport creates one of the world's leading rail equipment companies, with revenues of about $4.2 billion and a presence in all key transit and freight rail regions worldwide. Wabtec now
expects
to realize at least $50 million in annual
pre-tax
synergies from the combination by year three, and the transaction will be accretive to Wabtec's earnings per diluted share in 2017.
Raymond T. Betler, Wabtec's president and chief executive officer, said: "Our
combination with Faiveley Transport brings Wabtec many complementary products, a strong presence in the European and Asia Pacific transit industries, and solid relationships with blue-chip, global customers. Together, we will be a more efficient
global competitor, with a focus on technology, quality and customer service, and a singular mission: to help customers improve their safety, productivity, and efficiency".
Stéphane Rambaud-Measson, chairman of the Management Board and chief executive officer of Faiveley Transport, has joined Wabtec as
president and CEO of its Transit Group and as a corporate executive vice president, reporting to Betler. Also, Philippe Alfroid and Erwan Faiveley were elected as new members of the Wabtec Board of Directors.
Rambaud-Measson said: "Wabtec's Transit Group, under the Faiveley Transport brand name, will pursue its objective to be a global
leader in railway equipment and services. The passenger transit business typically provides a steady flow of new projects and aftermarket growth opportunities, and we are well positioned in key global markets such as Europe and Asia Pacific".
2016 Guidance Update
Including the effects of the acquisition, Wabtec updated its 2016 guidance as follows:
.
Full-year revenues are expected to be down about 10% to about $2.95 billion.
.
Full-year, GAAP earnings per diluted share are expected to be between $3.45-$3.50. During 2016, the company expects to record restructuring and transaction-related costs of about $60 million
pre-tax
and a
one-time
effective tax rate adjustment for
non-deductible
transaction costs that will result in additional tax expense of
about $10 million. These items equal about 50 cents per diluted share
after-tax.
.
Excluding the restructuring and transaction-related costs, and the
tax-rate
adjustment, Wabtec expects full-year adjusted earnings per diluted share to be between $3.95-$4.00.
2017 Preliminary Information
Including the effects of the acquisition, Wabtec provided the following preliminary information for the full year of 2017:
.
Revenues are expected to be about $4.2 billion.
.
Excluding restructuring and transaction-related costs, adjusted operating margin is expected to be about
15-16%.
.
Excluding restructuring and transaction-related costs, adjusted earnings are expected to be about 8% higher than the company's adjusted earnings in 2016.
Wabtec will update this preliminary information when the company reports its 2016 results.
Wabtec Corporation is a global provider of value-added, technology-based products and
services for freight rail, passenger transit and other industrial segments. The company manufactures a range of products for locomotives, freight cars and passenger transit vehicles, new switcher and commuter locomotives and provides aftermarket
services.
Faiveley Transport is a global supplier of high added value integrated systems for the railway industry. The company supplies
manufacturers, operators and railway maintenance bodies worldwide with the most comprehensive range of systems in the market: Energy & Comfort (air conditioning, power collectors and passenger information systems), Access &
Mobility (passenger access systems and platform doors), Brakes & Safety (braking systems and couplers) and Services.
Wabtec
will host a call with analysts and investors at 10 a.m., U.S. eastern time, today. To listen, go to
www.wabtec.com
and click on the "Webcasts" tab in the "Investors" section. Included with this press release is a
presentation that will be discussed during the call.
Forward-Looking Statements
Statements contained in this press release which are not historical facts are forward-looking statements as defined in the Private Securities
Litigation Reform Act of 1995. These forward-looking statements and certain information contained in the release involve risks and uncertainties that could result in actual results differing materially from expected results, including Wabtec's
estimated future results of operations and benefits expected to be derived from the acquisition of Faiveley Transport. Forward-looking statements represent Wabtec's expectations and beliefs concerning future events, based on information
available to Wabtec as of the date of this release. Wabtec undertakes no obligation to publicly update and revise any forward-looking statements to reflect events or circumstances that may arise after the date of this release. Additional information
regarding these and other factors is contained in Wabtec's SEC filings, including without limitation Wabtec's Form
10-K
and Form
10-Q
filings.
Certain Legal Matters
This
communication is not intended to, and does not, constitute, represent or form part of any offer, invitation or solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities whether pursuant
to this press release or otherwise. The distribution of this communication in jurisdictions outside the U.S. or France may be restricted by law or regulation and therefore any person who comes into possession of this communication should inform
themselves about, and comply with, such restrictions. Any failure to comply with such restrictions may constitute a violation of the securities laws or regulations of any such relevant jurisdiction.
Faiveley Transport is incorporated in France and listed on Euronext Paris and any offer for its securities will be subject to French
disclosure and procedural requirements, which differ from those that are applicable to offers conducted solely in the U.S., including with respect to withdrawal rights, offer timetable, settlement procedures and timing of payments. The transactions
described above will be structured to comply with French and U.S. securities laws and regulations applicable to transactions of this type. Securities Act of 1933, as amended.

text: Wabtec

text: Faiveley Transport

text: Wabtec Corporation

text: Faiveley Transport S.A.

text: Wabtec

text: Faiveley Transport

text: Wabtec

text: Faiveley Transport

text: Wabtec

text: Wabtec

text: Wabtec

text: Faiveley Transport

text: Faiveley Transport

text: Wabtec

text: Faiveley Transport

text: Faiveley Transport

text: Wabtec

text: Faiveley Transport

text: Wabtec

text: Wabtec

text: Wabtec

text: Faiveley Transport

text: Wabtec

text: Stéphane Rambaud-Measson

text: Faiveley Transport

text: Wabtec

text: Wabtec

text: Wabtec

text: Faiveley Transport

text: Wabtec

text: Wabtec

text: Wabtec

text: Wabtec

text: Wabtec Corporation

text: Faiveley Transport

text: Wabtec

text: Wabtec

text: Faiveley Transport

text: Wabtec

text: Wabtec

text: Wabtec

text: Wabtec

text: Wabtec

text: Faiveley Transport


text:
EX-99.1
2
v206772_ex99-1.htm
Unassociated Document
Exhibit
99.1
Cornerstone
Healthcare Plus REIT
Acquires
Ohio Assisted Living/Memory Care Facility For $17.5 Million
(Irvine,
CA)
December 29, 2010
-
Cornerstone Real Estate Funds
, and its
strategic alliance partner and sub-advisor
Servant
Healthcare Investments
, announced that the
Cornerstone Healthcare Plus REIT
has acquired
Carriage Court of Hilliard - a 70,000 square foot assisted living and memory
care facility located in Hilliard, OH. The $17.5 million property has
a total of 102 units of which 64 are dedicated to assisted living and 38 are
focused on memory care.
This
transaction marks the second property acquisition between Cornerstone Healthcare
Plus REIT and Good Neighbor Care - the manager and operator of the facility.
Cornerstone Healthcare Plus REIT acquired an $8.5 million assisted living
facility in Chattanooga, TN from Good Neighbor Care several months
ago.
Terry
Roussel, President and CEO of the Cornerstone Healthcare Plus REIT noted, "being
able to partner with the best operators and care providers is critical to
success when investing in senior living real estate. I'm encouraged
that this transaction, as well as our other transaction with Good Neighbor Care,
is simply the start of a relationship that will continue well into the future
and provide considerable value to the Cornerstone Healthcare Plus REIT and its
shareholders".
Cornerstone
Healthcare Plus REIT has expanded into three new states (Colorado, Ohio and
Pennsylvania) in the month of December alone. This brings the total number of
states represented in the Cornerstone Healthcare Plus portfolio to eight. The
advisor, Cornerstone Real Estate Funds has been helping individuals and
institutions invest in real estate for more than 20 years. Today, Cornerstone
offers a variety of public and private real estate offerings for individuals and
institutions. For more information, please visit
www.CREfunds.com.
Contact
Information:
Chris
Marr
Cornerstone
Real Estate Funds
949-812-4418
This
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. Such statements involve risk and uncertainties which could cause actual
results to vary materially from those expressed in or indicated by the
forward-looking statements. Factors that may cause actual results to differ
materially include changes in general economic conditions, changes in real
estate conditions, changes in interest rates, lease-up risks, lack of financing
availability and lack of capital proceeds.
Cornerstone
Real Estate Funds is the brand/logo associated with Cornerstone Ventures, Inc.
(CVI). CVI is the sponsor and advisor of real estate investment funds that are
distributed by Pacific Cornerstone Capital, Inc. Servant Investments
and Servant Healthcare Investments are real estate companies that act as
sub-advisors to certain real estate offerings sponsored by CVI. CVI has no
affiliation with the facilities mentioned above.
Securities are offered through
Pacific Cornerstone Capital, Inc. Member FINRA and
SIPC.
CL0215_08/2010

text: Healthcare Plus REIT

text: Cornerstone Real Estate Funds

text: Healthcare Plus REIT

text:
Healthcare
Plus REIT

text: Healthcare Plus REIT

text:
Terry
Roussel

text: Healthcare Plus REIT

text: Healthcare Plus REIT

text: Healthcare Plus REIT

text: Cornerstone Real Estate Funds

text:
Cornerstone
Real Estate Funds

text:
Cornerstone
Real Estate Funds

text: Cornerstone Ventures, Inc.

text: CVI

text: CVI

text: CVI

text: CVI


text:
EX-99
7
ucnex-99_pressrel.htm
Press Release
Source: UCN Inc.
UCN Gets Approvals for TransTel Acquisition
Tuesday July 5, 8:35 am ET
SALT LAKE CITY--(BUSINESS WIRE)--July 5, 2005--UCN Inc. (OTCBB:UCNN - News), a provider of on-demand contact center application services and business telecommunication services delivered over the UCN national VoIP network, announced today it has obtained all of the required approvals from applicable regulatory agencies for transferring the long distance customer base of TransTel Communications Inc. (TransTel) to UCN. TransTel was a regional telecommunications carrier doing business as TelAmerica in Utah and Colorado, and as ExpressTel in Arizona, California and Nevada. This completes UCN's acquisition of TransTel's business, which was announced May 2, 2005.
For UCN, the acquisition provides:
.
Access to valuable assets without any dilution to the company's equity shareholders.
.
Immediate access to a commercial customer base.
.
Immediate access to network infrastructure enabling UCN to accelerate the rate at which it rolls out the new UCN dedicated connectivity product, enabling customers to connect directly from their location to the UCN Intelligent Network.
.
Access to a seasoned, skilled group of sales and customer support people, enabling UCN to upsell the company's inContact application services into the TransTel base.
Said Paul Jarman, president and CEO of UCN: "During the past two months since announcing the acquisition of TransTel, we have integrated the TransTel employees into our operation and combined their network with the UCN Intelligent Network. We have begun the inContact upsell process within the TransTel customer base. Overall, I am pleased with the progress of this acquisition and the interest we are seeing among this base for inContact".
About UCN Inc.
UCN (OTCBB:UCNN - News) is a provider of contact handling application services and business data and voice services, delivered over its national VoIP network. The inContact(TM) suite of products includes an integrated package of advanced contact handling, reporting and administration applications and inControl(TM), a unique, rapid application development tool. To learn more about UCN visit www.ucn.net.
Safe Harbor Statement
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the company's behalf. All statements, other than statements of historical facts which address the company's expectations of sources of capital or which express the company's expectation for the future with respect to financial performance or operating strategies, can be identified as forward-looking statements. Such statements made by the company are based on knowledge of the environment in which it operates, but because of the factors previously listed, as well as other factors beyond the control of the company, actual results may differ materially from the expectations expressed in the forward-looking statements.
Contact:
UCN Inc.
Jan Johnson, 801-320-3263
jan.johnson@ucn.net
or
Liolios Group Inc.
Scott Liolios or Ron Both, 949-574-3860
scott@liolios.com

text: UCN Inc.

text: UCN

text: TransTel

text: UCN Inc.

text: UCN

text: TransTel

text: TransTel

text: UCN

text: TransTel

text: UCN

text: TransTel

text: UCN

text: UCN

text: UCN

text: UCN

text: UCN

text: TransTel

text: Paul Jarman

text: UCN

text: TransTel

text: TransTel

text: UCN

text: TransTel

text: UCN Inc.

text: UCN

text: UCN

text: UCN Inc.


text:
EX-99.2
5
a19-18665_1ex99d2.htm
EX-99.2
Exhibit 99.2
FOR IMMEDIATE RELEASE
Employers Mutual Casualty Company Completes Acquisition of All Remaining Shares of EMC Insurance Group Inc. After Receiving Overwhelming Shareholder Approval
DES MOINES, Iowa, Sept. 19, 2019
- Employers Mutual Casualty Company ("EMCC") today announced that it has successfully completed its previously announced acquisition of all of the remaining shares of EMC Insurance Group Inc. (Nasdaq: EMCI) ("EMCI") that EMCC did not already own for $36.00 per share in cash.
The completion of the transaction follows the satisfaction of all closing conditions, including approval of the merger by the "majority of the minority" of EMCI's shareholders with approximately 68% of the unaffiliated outstanding shares of common stock approving the transaction (which represents approximately 84% of the unaffiliated votes cast) and approximately 94% of the holders of shares of common stock present at the meeting and entitled to be cast (including shares held by EMCC and its affiliates) approving the transaction at EMCI's Special Meeting of Shareholders held on September 18th
. The transaction closing represents the culmination of an extensive and thorough negotiation process conducted by an independent Special Committee of the EMCI Board of Directors.
David J.W. Proctor, J.D., Chairman of the Board of Directors of EMCC, stated, "We are pleased to announce the completion of this transaction, which we believe is in the best interests of all EMCC and EMCI stakeholders. The resulting simplified corporate structure will enable us to work as one organization focused solely on serving our agents and policyholders".
Shareholders of EMCI common stock whose shares are not evidenced by stock certificates will receive $36 in cash for each share of EMCI common stock they own within approximately the next 7-10 business days. Shareholders who hold shares in certificated form will be receiving further instructions from American Stock Transfer & Trust Company, LLC (AST), the paying agent in the transaction, in approximately the next 7-10 business days with details on how to surrender stock certificates for the $36 per share in cash.
As a result of the completion of the transaction, EMCI's common stock is no longer listed for trading on the Nasdaq Stock Market, effective at the close of trading today.
Advisors
Sandler O'Neill & Partners, L.P. served as financial advisor to the EMCI Special Committee. Boenning & Scattergood, Inc. provided financial advice to EMCC's Board of Directors.
Willkie Farr & Gallagher LLP acted as legal counsel to the EMCI Special Committee. Foley & Lardner LLP acted as legal counsel to EMCC.
About Employers Mutual Casualty Company
Employers Mutual Casualty Company is the parent company of one of the top 50 insurance
organizations in the country based on net written premiums. EMCC was organized in 1911 to write workers' compensation protection in Iowa. Today, operating under the trade name EMC Insurance Companies, EMCC and its subsidiaries provide property and casualty insurance products and services throughout the United States, and EMCC writes reinsurance contracts worldwide. EMCC is licensed in all 50 states and the District of Columbia. For more information, visit www.emcins.com.
Forward-Looking Statements
This news release contains certain forward-looking statements that are intended to be covered by the safe harbors created by the Private Securities Litigation Reform Act of 1995. When we use words such as "anticipate", "intend", "plan", "believe", "estimate", "expect", or similar expressions, we do so to identify forward-looking statements. Forward-looking statements are based on current expectations that involve assumptions that are difficult or impossible to predict accurately and many of which are beyond our control. Actual results may differ materially from those expressed or implied in these statements as a result of significant risks and uncertainties, including the ability to recognize the benefits of the transaction, and the amount of the costs, fees, and expenses and charges related to the transaction. Additional information about these risks and uncertainties, as well as others that may cause actual results to differ materially from those projected, is contained in EMCI's filings with the SEC, including EMCI's Annual Report on Form 10-K and EMCI's quarterly reports on Form 10-Q. The statements in this news release speak only as of the date of this release and we undertake no obligation to update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
Media Contacts:
Sarah Buckley, APR
Director of Community Involvement
sarah.l.buckley@emcins.com
515-345-4588
Matthew Sherman / Aiden Woglom
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449
Investor Relations:
Steve Walsh
EMCI Director of Investor Relations
steve.t.walsh@emcins.com
515-345-2515

text: Employers Mutual Casualty Company

text: EMC Insurance Group Inc.

text: Employers Mutual Casualty Company

text: EMCC

text: EMC Insurance Group Inc.

text: EMCI

text: EMCI

text: EMCC

text: EMCI

text: EMCC

text: EMCI

text: EMCI

text: EMCC

text: EMCC

text: EMCI

text: EMCI

text: EMCI

text: EMCI

text: Sandler O'Neill & Partners, L.P.

text: EMCI

text: Boenning & Scattergood, Inc.

text: EMCC

text: Willkie Farr & Gallagher LLP

text: EMCI

text: Foley & Lardner LLP

text: EMCC

text: Employers Mutual Casualty Company

text: Employers Mutual Casualty Company

text: EMCC

text: EMCC

text: EMCC

text: EMCC

text: EMCI

text: EMCI

text: EMCI

text: EMCI


text:
EX-99.1
2
ex99-1_031811.htm
PRESS RELEASE
ex99-1_031811.htm
EXHIBIT 99.1
For Immediate Release
Media Contact:
Thomas J. Linneman
March 16, 2011
513-661-0457
tlinneman@cheviotsavings.com
Cheviot Financial Corp. Completes Acquisition of
First Franklin Corporation
Cincinnati, Ohio
-
Cheviot Financial Corp. (NASDAQ: CHEV), the parent company of Cheviot Savings Bank, today announced that it has completed its acquisition of First Franklin Corporation (NASDAQ: FFHS), the Blue Ash-based parent company of The Franklin Savings and Loan Company. Under the terms of the agreement, stockholders of First Franklin are entitled to receive $14.50 in cash for each share they hold.
"We're proud to welcome the Franklin customers and employees to continue the banking tradition that Cheviot Savings Bank has established for over a century." said Thomas J. Linneman, President and CEO of Cheviot Financial and Cheviot Savings Bank.
As a result of the acquisition, Cheviot Savings Bank now has 12 branch offices and its asset size has increased by approximately $250 million to over $600 million. For more information about Cheviot Savings Bank, please visit Cheviot Savings Bank's website at
www.cheviotsavings.com
.
# # #

text: Thomas J. Linneman

text: Cheviot Financial Corp.

text: First Franklin Corporation

text: Cheviot Financial Corp.

text: First Franklin Corporation

text: Thomas J. Linneman


text:
EX-99.1
9
tv524542_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
News Release
For more information, contact:
Nicole S. Stokes
Executive Vice President and CFO
(229) 890-1111
Ameris
Bancorp completes acquisition of fidelity southern
corporation AND ANNOUNCES APPOINTMENT OF NEW CEO
JACKSONVILLE, Fl., July 1, 2019
- Ameris Bancorp (NasdaqGS: ABCB) (the "Company") announced today that it completed the acquisition of Fidelity Southern
Corporation (NasdaqGS: LION) ("Fidelity") as of July 1, 2019. Immediately following the acquisition, Fidelity's
banking subsidiary, Fidelity Bank, was merged with and into the Company's banking subsidiary, Ameris Bank, with Ameris Bank
surviving the merger. Fidelity Bank previously operated 62 branches, 46 of which were located in Georgia and 16 of which were located
in Florida. Based on March 31, 2019, financial data and excluding purchase accounting adjustments, the combined bank has assets
of $16.4 billion, deposits of $13.8 billion and total loans of $12.5 billion.
Under the terms of the merger agreement
between Fidelity and the Company, Fidelity's shareholders are entitled to receive for each share of Fidelity common stock
outstanding 0.80 shares of the Company's common stock.
The Company also announced today that Dennis
J. Zember Jr. has resigned from his positions as President, Chief Executive Officer and a director of the Company, and as Chief
Executive Officer and a director of Ameris Bank, citing a need to attend to family and personal matters. In connection with the
consummation of the merger, H. Palmer Proctor, Jr., formerly President of Fidelity and Chief Executive Officer of Fidelity Bank,
has been named Chief Executive Officer of the Company and Ameris Bank.
Additionally, five former Fidelity directors
- James B. Miller, Jr., H. Palmer Proctor, Jr., Gloria A. O'Neal, Rodney D. Bullard and Wm. Millard Choate -
have been appointed to the board of directors of the Company and Ameris Bank.
James B. Miller, Jr., who was appointed
Executive Chairman in connection with the consummation of the merger, said, "We are delighted to complete this outstanding
combination to create an even stronger bank that will be better positioned to serve our combined customer base and build value
for our shareholders. We appreciate Dennis Zember's many contributions to bringing our two organizations together and are
confident that Palmer Proctor is more than ready to step into his new role as CEO of the combined entity".
Daniel B. Jeter, the Company's Lead
Independent Director, said, "I look forward to working with Jim and Palmer in the years ahead as we seek to deliver on the
promise of this combination of two excellent institutions. Dennis has contributed enormously to Ameris over the years and was an
important architect of this merger. We are grateful and wish him and his family well in his next chapter".
H. Palmer Proctor, Jr., added, "As
I said when we announced the combination, our two franchises are very similar in culture with complementary, well positioned businesses.
I look forward to working with my existing and new colleagues to build on what is now one of the strongest banking platforms in
the Southeast".
To better represent the strength and size
of the merged financial institution within the industry, as well as among existing and prospective customers, Ameris Bank has begun
planning a refresh of its brand. The brand enhancement process, to be completed by the end of the year, will create a sharper,
stronger and more recognizable brand, with elements from both Ameris Bank's and Fidelity Bank's current brand identities.
Stephens Inc. served as financial advisor
and Rogers & Hardin LLP provided legal counsel to the Company. Sandler O'Neill + Partners, L.P. served as financial
advisor and Wachtell, Lipton, Rosen & Katz provided legal counsel to Fidelity. FIG Partners, LLC, in addition to Sandler
O'Neill, provided a fairness opinion to Fidelity.
About Ameris Bancorp
Ameris Bancorp is a bank holding company
headquartered in Moultrie, Georgia. The Company's banking subsidiary, Ameris Bank, had 176 locations in Georgia, Alabama,
Florida and South Carolina at July 1, 2019, including the 62 locations acquired in the Fidelity acquisition.

text:
Ameris
Bancorp

text:
fidelity southern
corporation

text: Ameris Bancorp

text:
Fidelity Southern
Corporation

text: Fidelity

text: Fidelity

text: Fidelity Bank

text: Ameris Bank

text: Ameris Bank

text: Fidelity Bank

text: Fidelity

text: Fidelity

text: Fidelity

text: Ameris Bank

text: Fidelity

text: Fidelity Bank

text: Ameris Bank

text: Fidelity

text: Ameris Bank

text: Ameris Bank

text: Ameris Bank

text: Fidelity Bank

text: Stephens Inc.

text: Rogers & Hardin LLP

text: Sandler O'Neill + Partners, L.P.

text: Wachtell, Lipton, Rosen & Katz

text: Fidelity

text: FIG Partners, LLC

text:
Sandler
O'Neill

text: Fidelity

text: Ameris Bancorp

text: Ameris Bancorp

text: Ameris Bank

text: Fidelity


text:
EX-99.1
2
ex99_1.htm
PRESS RELEASE DATED JUNE 11, 2008
ex99_1.htm
Exhibit 99.1
FOR
IMMEDIATE RELEASE
TerreStar
Enhances Nationwide Spectrum Footprint --
Finalizes
Transactions with EchoStar & Harbinger
RESTON, VA
- June 11, 2008
- TerreStar Corporation (NASDAQ: TSTR) today
announced that it has enhanced its nationwide spectrum footprint by obtaining,
through separate transactions, certain 1.4 GHz spectrum licenses held by
EchoStar Corporation (NASDAQ: SATS) and CCTV Wireless I, LLC
(CCTV). TerreStar has acquired the CCTV 1.4 GHz spectrum pursuant to
an assignment from Harbinger Capital Partners Master Fund I, Ltd. and
Harbinger Capital Partners Special Situations Fund, LP (collectively,
Harbinger).
"This
enhanced nationwide spectrum footprint can help TerreStar accomplish its mission
to offer reliable, interoperable satellite-terrestrial communications for the
commercial, government, rural and public safety sectors throughout North
America", stated Jeffrey Epstein, TerreStar President.
TerreStar
has purchased EchoStar's 1.4 GHz spectrum, in exchange for the issuance of 30
million shares of TerreStar's Common Stock. In exchange for 1.2 million shares
of newly issued, Non-Voting Junior Participating Preferred Stock (which is
convertible into 30 million shares of TerreStar's Common Stock under certain
circumstances), Harbinger has assigned its rights to certain 1.4 GHz spectrum
licenses to TerreStar Corporation.
"In
addition to augmenting our nationwide spectrum footprint, these transactions
underscore EchoStar and Harbinger's commitment to TerreStar", added Epstein.
"Further, we continue our discussions with EchoStar to identify new business
opportunities between the two companies".
Copies
of related documents filed with the Securities and Exchange Commission (SEC)
will be available on the SEC's Web site (www.sec.gov) under the company name
"TerreStar Corporation" and through the TerreStar Investor Relations link at
http://phx.corporateir.net/phoenix.zhtml?c=110135&p=irol-irhome
.
About
TerreStar Corporation
TerreStar
Corporation is the controlling shareholder of TerreStar Networks Inc. and
TerreStar Global Ltd., and a shareholder of SkyTerra Communications. For
additional information on TerreStar Corporation, please visit the company's
website at
www.terrestarcorp.com
.
Statement
under the Private Securities Litigation Reform Act:
This
press release may contain forward-looking statements within the meaning of the
Private Securities Litigation Reform Act, with respect to the strategy of
TerreStar Corporation, its plans, and the transactions described in this press
release. Such statements generally include words such as could, can, anticipate,
believe, expect, seek, pursue, proposed, potential and similar words and terms
in connection with future results. We assume no obligation to update or
supplement such forward-looking statements.
Media
& Investor Relations:
Didi
Blackwood
TerreStar
Networks
703.483.7824
deirdre.blackwood@terrestar.com

text: TerreStar

text: EchoStar

text: TerreStar

text: EchoStar

text: CCTV Wireless I, LLC

text: TerreStar

text: TerreStar

text: TerreStar

text: TerreStar

text: EchoStar

text: TerreStar

text: TerreStar

text: TerreStar

text: EchoStar

text: TerreStar

text: EchoStar

text: TerreStar

text: TerreStar

text: TerreStar

text: TerreStar

text: TerreStar

text: TerreStar

text: TerreStar

text: TerreStar

text: TerreStar


text:
EX-99.1
3
a07-28453_2ex99d1.htm
EX-99.1
Exhibit 99.1
Contact:
Calvin E. Jenness
Senior Vice President
and Chief Financial
Officer
503-653-4573
Release:
Immediately
Blount Announces Sale of Forestry
Division to Caterpillar Inc.
Portland, OR
, November 5, 2007- Blount International,
Inc. [NYSE: BLT] ("Blount" or the "Company") announced today and simultaneously
closed the sale of its Forestry Division to Caterpillar Forest Products Inc., a
wholly owned subsidiary of Caterpillar Inc. Blount received consideration of
$77.3 million for the sale. Proceeds received upon completion of the
transaction are subject to certain post-closing adjustments and will be
utilized to reduce debt and pay applicable taxes and transaction fees.
Blount's Forestry Division manufactures and
distributes purpose-built timber harvesting equipment, industrial tractors and
loaders. The Forestry Division's products are distributed under the Prentice,
Caterpillar and CTR brand names through a network of equipment dealers that
possess leading market positions in most areas in which they compete. The
Forestry Division represents approximately 20% and 6% of Blount's revenue and
operating income, respectively.
Since March 2003, Blount and Caterpillar have
participated in an alliance under which Blount manufactures and sells certain
forestry equipment using Caterpillar brand names and provides marketing and
product support for Caterpillar forestry dealers worldwide.
Blount's Chairman and CEO James Osterman said, "We
will utilize the proceeds from the sale of the Forestry Division to reduce debt
and further sharpen our long-term focus on growing our Outdoor Products
Segment."
The Company will recognize a gain on the sale
from this transaction in the fourth quarter of this year. It is estimated that
the gain on sale will be between $10 million and $12 million ($0.21 and $0.25
per diluted share). Net cash proceeds after payment of taxes and fees are
estimated to be between $46 million and $48 million in the fourth quarter.
Blount International,
Inc. is a diversified international company that sells its products in more
than 100 countries around the world. The Company's Outdoor Products segment is
a leading provider of chains, bars and sprockets for the chainsaw industry,
yard care accessories and concrete cutting saws. For more information about
Blount International, Inc., please visit the website at http://www.blount.com
Forward-looking statements in this release,
including without limitation the Company's "expectations", "beliefs", and "indications",
"estimates", and their variants, as defined by the Private Securities
Litigation Reform Law of 1995, involve certain risks, and actual results
subsequent to the date of this announcement may differ materially.

text: Blount

text: Caterpillar Inc.

text:
Blount International,
Inc.

text: Blount

text: Caterpillar Inc.

text: Blount

text: Blount

text: Blount

text: Blount

text: Blount

text: Blount

text:
Blount International,
Inc.

text: Blount International, Inc.


text:
EX-99.2
7
s22-9272_ex992.htm
PRESS RELEASE, STUDY RESULTS
s22-9272_ex992.htm
Exhibit 99.2
Adeona Presents Results of Clinical Study at 2009
International Conference on Alzheimer's Disease
(ICAD)
Highly Statistically Significant Defective Serum Copper Handling
Found in Alzheimer's Subjects
Subclinical Zinc Deficiency in Alzheimer's Subjects Found
HartLab Introduced to International Alzheimer's Community
ANN ARBOR, MI--(MARKET WIRE)-July 16, 2009 -- Adeona Pharmaceuticals, Inc. (AMEX:
AEN
-
News
), a specialty pharmaceutical company dedicated to the awareness, diagnosis, prevention and treatment of zinc deficiency
and chronic copper toxicity in the mature population, today announced that it presented results of a 90 subject prospective, blinded, observational clinical study to evaluate copper and zinc status in Alzheimer's disease, Parkinson 's disease and normal subjects. The results were presented at the 2009 International Conference on Alzheimer's Disease (ICAD) in Vienna, Austria. Two separate sets of study results were presented, entitled respectively, "Alzheimer's
Patients Exhibit Defective Serum Ceruloplasmin Associated with Defective Copper Binding" and "Sub-Clinical Zinc Deficiency Found in Alzheimer's Disease".
During 2007 and 2008, Adeona sponsored and conducted an IRB-approved, prospective, observational, blinded clinical trial enrolling 90 subjects, 30 with Alzheimer's disease (AD), 30 with Parkinson's disease (PD) and 30 age-matched normal subjects at the Alzheimer's Center at Albany Medical Center, led by principal investigator Earl
A. Zimmerman, M.D., Director of the Alzheimer's Center and Director of Clinical Research for the Neurosciences Institute at Albany Medical Center.
The purpose of the study was to evaluate serum markers of copper status, compare these results across the three groups of patients and confirm the findings of other research groups finding evidence of serum copper dyshomeostasis in AD.
1
After IRB approval, normal subjects were recruited by referral and media. AD patients not taking zinc or copper supplements were recruited from the Albany Medical Center's clinical practice by standard tests and NINDS-ADRDA criteria. AD patients and normals provided morning blood draw after overnight fast.
The results showed that
AD and normal patients had comparable serum ceruloplasmin levels. The ceruloplasmin of AD patients, however, had significantly lower enzymatic activity (p=0.0017) and was also associated with a lower copper to ceruloplasmin ratio (p=0.000086), indicating
less copper bound per unit of ceruloplasmin. Averaging these respective ceruloplasmin defects yielded a p value of p=0.0000015. The estimated percent of serum copper not bound to ceruloplasmin (i.e., "free serum copper") was elevated by 28.9% in AD patients compared to normals (p =0.045), as did Parkinson's disease patients compared to normals (26.5% increase in percent free serum copper; p=0.041).
These data find a significant percentage of defective serum ceruloplasmin in AD patients and that such defect is associated with ceruloplasmin lacking bound copper. Defective ceruloplasmin in AD patients may imply reduced capacity to protect from chronic soluble inorganic copper exposure. Chronic soluble inorganic copper exposure and its
attendant toxicity have been implicated in the progression of AD.
"The results of this study confirm and extend the findings of other researchers of a significant copper handling defect that is evident in the serum of AD patients. More than just a biomarker, the availability of a quantitative serum copper status panel to be offered to physicians through Adeona's CLIA-certified HartLab
clinical laboratory subsidiary, opens up the possibility for a new paradigm in the treatment planning and monitoring of AD patients", stated David A. Newsome, M.D., who presented the results at ICAD 2009.
Adeona also exhibited and introduced HartLab to the 4,000+ international clinician and researcher attendees of ICAD. Strong interest in HartLab's specialty copper status profile was expressed by clinicians worldwide.
The study also found, for the first time, a statistically significant sub-clinical zinc deficiency in AD subjects. AD subjects had 13% lower zinc concentrations as a group compared to normals (69.3 µg/dL vs. 79.5 µg/dL; p=0.013), as well as compared to PD subjects (74.9 µg/dL; p= 0.046).
"This first time finding carries particular excitement since, as with the finding of zinc deficiency in age-related macular degeneration (AMD), it strongly supports the use of zinc therapy in AD", commented David A. Newsome, M.D., President of Adeona's HeathMine subsidiary and discoverer and pioneer of oral zinc therapy
for AMD, another common chronic neurodegenerative disease of the mature population.
Adeona has filed utility patent applications covering various aspects of its findings and is planning to initiate a clinical trial of its patent pending modified release oral zinc therapy for AD in the near future.
About Adeona Pharmaceuticals, Inc.
Adeona Pharmaceuticals, Inc. (AMEX:
AEN
-
News
) is a specialty pharmaceutical company dedicated to the awareness, diagnosis, prevention and treatment of subclinical zinc deficiency and chronic copper toxicity
in the mature population. Adeona believes that such conditions may contribute to the progression of debilitating degenerative
diseases, including, Dry Age-Related Macular Degeneration (Dry AMD), Alzheimer's disease (AD) and mild cognitive impairment (MCI) in susceptible persons. Adeona is also developing a number of late-stage clinical drug candidates for the treatment of rheumatoid arthritis and multiple sclerosis. For further information, please visit
www.adeonapharma.com
.
About HealthMine, Inc.
HealthMine, Inc., a subsidiary of Adeona Pharmaceuticals Inc., is a health education communication and information resource company dedicated to raising awareness of subclinical zinc deficiency and the risks of chronic copper toxicity in the mature population. HeathMine currently hosts two Web 2.0 websites,
www.healthmine.com
and
the recently launched
www.copperproof.com
, a new informational website dedicated to increasing awareness of the potential health effects of chronic copper toxicity, especially in the mature population. By visiting
www.copperproof.com
, users can view a brief informational video, review relevant literature, obtain a sensitive test card to test their tap water for copper and, should they
wish to participate in HealthMine's CopperProof National Tap Water Survey, share their levels of copper in tap water and geographically compare such levels to those of others. Since 2003, an increasing body of research continues to implicate chronic copper exposure as a potential factor that may contribute to the progression of diseases of the mature population, especially Alzheimer's disease.
This release includes forward-looking statements on Adeona's current expectations and projections about future events. In some cases forward-looking statements can be identified by terminology such as "may", "should", "potential", "continue", "expects", "anticipates", "intends", "plans", "believes", "estimates", and similar expressions.
These statements are based upon current beliefs, expectations and assumptions and are subject to a number of risks and uncertainties, many of which are difficult to predict and include statements regarding designing additional clinical trials for oral dnaJP1, Zinthionein, flupirtine, or Trimesta. Adeona is at an early stage of development and may not ever have any products that generate significant revenue. Important factors that could cause actual results to differ materially from those reflected in Adeona's
forward-looking statements include, among others, a failure of Adeona's product candidates to be demonstrably safe and effective, a failure to obtain regulatory approval for the company's products or to comply with ongoing regulatory requirements, regulatory limitations relating to the company's ability to promote or commercialize its products for awareness, prevention, diagnosis or treatment of subclinical zinc deficiency and chronic copper toxicity, a lack of acceptance of Adeona's product candidates in the
marketplace, a failure of the company to become or remain profitable, that we will continue to meet the continued listing requirements of the American Stock Exchange (which, unlike other exchanges, does not require us to maintain any minimum bid price with respect our stock but does require us to maintain a minimum of $4 million in stockholders' equity during the current year, for example), our inability to obtain the capital necessary to fund the company's research and development activities, a loss of any of
the company's key scientists or management personnel, and other factors described in Adeona's report on Form 10-K for the year ended December 31, 2008, Form 10-Q for the quarter ending March 31, 2009 and any other filings with the SEC. No forward-looking statements can be guaranteed and
actual results may differ materially from such statements. The information in this release is provided only as of the date of this release, and Adeona undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.
1
. See, for example, Squitti R, Bressi F, Pasqualetti C et. al., Longitudinal prognostic value of serum "free" copper in patients with Alzheimer's disease,
Neurology
, 2009 72:50-55.
For Further Information Contact:
Max Lyon
CEO and President
Adeona Pharmaceuticals, Inc.
(734) 332-7800

label: event

text: Adeona Pharmaceuticals, Inc.

text: Adeona Pharmaceuticals, Inc.

text: Adeona Pharmaceuticals, Inc.

text: Max Lyon

text: Adeona Pharmaceuticals, Inc.


text:
EX-99
4
v070870_ex99.htm
Unassociated Document
Exhibit
99
Wonder
Auto Announces Acquisition of Remaining 80% Stake
in
Wanyou, Increases Guidance
Wednesday
April 4, 7:30 am ET
JINZHOU
CITY, China, April 4 /Xinhua-PRNewswire-FirstCall/ -- Wonder Auto Technology,
Inc., (OTC Bulletin Board: WATG
-
News;
"Wonder
Auto" or "the Company"), a China-based manufacturer of automotive electrical
parts, specifically starters and alternators, announced today that it has
completed the acquisition of approximately 80% of the shares in Jinzhou Wanyou
Mechanical Parts Co., Ltd. ("Wanyou"). The shares were purchased from two
separate parties for a total cost of $16.42 million. Together with the
approximately 20% already owned by Wonder Auto's subsidiary Jinzhou Halla
Electrical Equipment Co., Ltd., Wonder and its subsidiaries now own 100% of
Wanyou. Terms of the acquisition require Wonder to pay the sellers $7.21 million
in 2007, $7.21 million in 2008 and $2 million in 2009. The 2008 and 2009
payments are subject to Wanyou meeting certain conditions, including minimum
net
income targets of RMB 23 million (approximately $2.99 million) for the twelve
months from April 1, 2007 to March 31, 2008, and RMB 29 million (approximately
$3.87 million) for the twelve months from April 1, 2008 to March 31, 2009.
If
these targets are not met, these payments will be reduced proportionately.
Wonder Auto will finance the acquisition from drawings under its existing credit
lines.
Located
in Jinzhou City, Liaoning Province, China, Wanyou is a manufacturer and
distributor of piston rods, vibration dampers, shock absorber rods and rotary
axes for motor vehicles. The company sells its products to a wide range of
manufacturers and has substantial exports from China. Wanyou has 178 employees
and its revenues for its fiscal year ending March 31, 2008 are expected to
be
approximately $12.5 million. Less than 20% of revenue is currently generated
from sales to Wonder Auto.
"This
acquisition will be immediately accretive for Wonder Auto. In acquiring Wanyou,
we gain their significant expertise and network in the export markets, and
also
a very strong management team that we expect to be instrumental in deepening
the
overall Wonder Auto management talent pool and thereby supporting the growth
of
the whole Wonder Auto organization", said Qingjie Zhao, Wonder Auto's Chairman
and CEO.
Wonder
Auto also announced today that it is revising
upward its financial guidance for the year ending December 31, 2007,
to
reflect the completion of its acquisition of Wanyou. Net income is now expected
to be approximately $13.5 million, compared to previous guidance of $12.8
million. The increase reflects the inclusion of the results of 100% of Wanyou
as
a consolidated entity from April 2, 2007 through the year end, and also reflects
the interest cost of the borrowings necessary to finance the acquisition, and
the expenses associated with integrating Wanyou into the Wonder Auto
organization including restructuring Wanyou's reporting procedures in order
to
reach SOX compliance.
About
Wonder Auto Technology, Inc.
Wonder
Auto Technology, Inc., through its subsidiary, Jinzhou Halla Electrical
Equipment Co., Ltd., designs, develops, manufactures and sells automotive
electrical parts and is the second largest seller of automotive alternators
and
starters in China. The Company's products are suitable for various types of
automobile. Most of its products are used in cars in the sedan category,
especially cars with smaller engines with displacements below 1.6 liters. The
Company's customers include Beijing Hyundai Motor Co., Dongfeng Yueda Kia
Motors, SAIC GM WuLing, Chery, Geely, Tianjin XiaLi Automobile Co. and Shenyang
Aerospace Mitsubishi Motors Engine Manufacturing Co., Ltd. Wonder Auto is a
Nevada corporation with its manufacturing subsidiary Halla and its corporate
headquarters located in Jinzhou City, Liaoning, China. For more information
go
to http://www.wonderautotech.com
.
Forward-Looking
Statements
This
press release contains forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. Forward-looking statements are statements
that
are not historical facts. Such forward-looking statements are based upon the
current beliefs and expectations of the Company's management and are subject
to
risks and uncertainties, which could cause actual results to differ from the
forward-looking statements. The following factors, among others, could cause
actual results to differ from those set forth in the forward-looking statements:
need to obtain approval for the NASDAQ listing, business conditions in China,
changing interpretations of generally accepted accounting principles;
legislation or regulatory environments, requirements or changes adversely
affecting the businesses in which the Company is engaged; fluctuations in
customer demand; management of rapid growth; intensity of competition from
other
providers of auto components; timing approval and market acceptance of new
product introduction; general economic conditions; geopolitical events and
regulatory changes, as well as other relevant risks not included herein. The
information set forth herein should be read in light of such risks. The Company
does not assume any obligation to update the information contained in this
press
release. For further information, please refer to the Company's filings with
the
Securities and Exchange Commission.
For
more
information, please contact:
Investor
Relations Contact:
Mark
Collinson, Partner
CCG
Investor Relations
Tel:
+1-310-477-9800, ext. 117
Email:
Mark.collinson@ccgir.com
Company
Contact:
Jim
Groh,
Vice President, Strategic Planning
Wonder
Auto Technology, Inc.
Tel:
+1-843-277-0024
Email:
jimgroh@wonderautotech.com

text:
Wonder
Auto

text: Wanyou

text: Wonder Auto

text:
Wonder
Auto

text: Wanyou

text: Wonder Auto

text: Wonder

text: Wanyou

text: Wonder

text: Wanyou

text: Wonder Auto

text: Wanyou

text: Wanyou

text: Wonder Auto

text: Wonder Auto

text: Wanyou

text: Wonder Auto

text: Wonder Auto

text: Wonder Auto

text:
Wonder
Auto

text: Wanyou

text: Wanyou

text: Wanyou

text: Wonder Auto

text: Wanyou

text: Wonder Auto

text:
Wonder
Auto

text: Wonder Auto

text:
Mark
Collinson

text:
Jim
Groh

text:
Wonder
Auto


text:
EX-99.1
15
ex991pressrelease.htm
EXHIBIT 99.1
Exhibit
EXHIBIT 99.1
18100 Von Karman Avenue
Suite 500
Irvine, CA 92612
949.852.0700
NEWS RELEASE
Contact:
Jennifer Franklin
Phone:
949.333.1721
Email:
jfranklin@steadfastcmg.com
STEADFAST APARTMENT REIT III, INC.
ACQUIRES AUSTIN ASSET FOR $44.5 MILLION
IRVINE, Calif., Jan. 4, 2017 - Steadfast Apartment REIT III, Inc. (STAR III) announced its third acquisition, Canyon Resort at Great Hills, a 256-apartment-home community located in Austin, Texas, purchased for $44.5 million.
"We believe that Canyon Resort will be another great addition to our growing portfolio of mid-tier properties", said Ella Neyland, president of Steadfast Apartment REIT III. "Its unique location at the edge of a nature preserve gives it a secluded feel, while still providing easy access to the surrounding metropolitan area-features we believe are beneficial for strong occupancy, rent growth and value appreciation".
Built in 1997, Canyon Resort includes 12 three-story buildings with one-, two- and three-bedroom garden-style apartment homes that average 983 square feet. In-place rents average $1,335 per month and the community is currently 94.5 percent occupied.
The community's amenities include a resort-style pool with spacious sundeck, fitness center, BBQ area, business center, detached garage parking and extensive hiking trails. Every apartment home in the community features 9-foot ceilings, washers and dryers, and private balconies or patios. Additionally, select units feature fireplaces, hardwood flooring and attached garages.
Approximately 50 percent of the apartment homes were recently renovated by the previous owner to include an upgraded appliance package, tile backsplash and upgraded lighting fixtures. As part of its Value Enhancement Strategy, STAR III plans to renovate the remaining units when turning the apartments between residents to include quartz countertops, new plumbing fixtures and vinyl flooring to all the apartment homes.
Canyon Resort sits on the edge of a scenic and mountainous nature preserve, but is close to The University of Texas at Austin, a major central business district and top-tier retail and commercial destinations including The Domain and The Arboretum.
The business campuses of Apple, IBM, National Instruments, BMC Software, Time Warner Cable and the Seton Northwest Medical Center are also within a ten-minute commute.
STAR III believes the Austin area is well-positioned for long-term success, having been ranked "The City Most Likely to Prosper Over the Next Decade" in 2016 by Forbes and the number two "Most Stable Housing Markets in The U.S." by Freddie Mac in 2015.
About Steadfast Apartment REIT III
Steadfast Apartment REIT III intends to acquire a diverse portfolio of middle-market apartments and senior living facilities located throughout the United States.
STAR III is sponsored by Steadfast REIT Investments, LLC, an affiliate of Steadfast Companies, an Orange County, Calif.-based group of affiliated real estate investment and operating companies that acquire, develop and manage real estate in the U.S. and Mexico.
This release contains certain forward-looking statements. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from those expressed or implied by such forward-looking statements and you should not place undue reliance on any such statements. A number of important factors could cause actual results to differ materially from the forward-looking statements contained in this release. Such factors include those described in the Risk Factors sections of STAR III's prospectus and other reports filed with the Securities and Exchange Commission. Forward-looking statements in this document speak only as of the date on which such statements were made, and the company undertakes no obligation to update any such statements that may become untrue because of subsequent events. Such forward-looking statements are subject to the safe harbor protection for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.
THIS PRESS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES.

text: STEADFAST APARTMENT REIT III

text: Steadfast Apartment REIT III, Inc.

text: Ella Neyland

text: Steadfast Apartment REIT III

text: Steadfast Apartment REIT III

text: Steadfast Apartment REIT III

text: Steadfast REIT Investments, LLC