text:
EX-99.1
5
exhibit991-gainclosingpr.htm
EXHIBIT 99.1
Exhibit
STONEX GROUP INC. CLOSES ON THE ACQUISITION
OF GAIN CAPITAL HOLDINGS, INC.
New York, NY, July 31, 2020 - StoneX Group Inc. (NASDAQ: SNEX) ("StoneX" or the "Company"), today announced the completion of its previously announced acquisition of GAIN Capital Holdings, Inc. (NYSE: GCAP) ("GAIN"), an online provider of retail foreign exchange trading and related services.
GAIN is a provider of innovative trading technology and execution services to retail and institutional investors worldwide, with multiple access points to OTC markets and global exchanges across a wide range of asset classes, including foreign exchange, commodities and global equities.
Glenn Stevens, CEO of GAIN, commented on the transaction, "As a result of this combination, GAIN's customers will benefit from a richer product offering, as well as the expanded resources and greater scale of the combined firm. StoneX, in turn, will add a new digital platform to its global financial network, significantly expanding its offering to retail clients, as well as a complementary futures business. We look forward to a bright future as part of the StoneX Group".
Sean O'Connor, CEO of StoneX, added, "This is the beginning of an exciting new era for our company as we add two of the largest and best known retail financial-services trading brands in the world to our global financial services network, in the process more than doubling the number of active retail accounts we serve to 295,000 worldwide. We expect the integration of GAIN's businesses to drive transaction volumes and create new cross-selling opportunities across all of our platforms - ultimately driving our financial performance in the process".
About StoneX Group Inc.
StoneX Group Inc. (NASDAQ: SNEX) connects its clients with the global markets across asset classes - providing execution, post-trade settlement, clearing and custody. Clients use its digital platforms, market intelligence and high-touch service to manage their market risk, pursue trading opportunities, make investments efficiently, and improve their business performance.
Further information on StoneX is available at www.stonex.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 identified by words such as "may", "should", "expects", "anticipates", "assumes", "can", "will", "could", "likely", "intends", "might", "predicts", "seeks", "would", "believes", "estimates" or "plans." These forward-looking statements include, among other things, statements relating to the expected results of the merger with GAIN, including any anticipated cost or capital synergies associated therewith, operating efficiencies and results, growth, client and stockholder benefits, accretion, financial benefits or returns, key assumptions, integration costs and transaction costs, our future financial performance, our business prospects and strategy, anticipated financial position, liquidity and capital needs and other similar matters. These forward-looking statements are based on management's current expectations and assumptions about future events, which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. These forward-looking statements involve known and unknown risks and uncertainties, many of which are beyond our control, that may cause actual results to be materially different from any anticipated results expressed or implied by these forward-looking statements, including, among others, (i) anticipated benefits of the merger, including the realization of revenue, accretion, financial benefits or returns and other cost and capital synergies may not be fully realized or may take longer to realize than expected, (ii) adverse changes in economic, political and market conditions, such as price levels and volatility in the commodities, securities and foreign exchange markets in which we and GAIN operate, (iii) losses from our market-making and trading activities arising from counter-party failures and changes in market conditions, (iv) the possible loss of key personnel or GAIN key personnel, (v) the impact of increasing
competition, (vi) the impact of changes in government regulation, (vii) the possibility of liabilities arising from violations of federal and state securities laws, (viii) the impact of changes in technology in the securities and commodities trading industries and (ix) other risks and uncertainties, including those set forth under the heading "Item 1A. Risk Factors" in our most recent Annual Report on Form 10-K and, to the extent applicable, our Quarterly Reports on Form 10-Q. You should read cautionary statements made as being applicable to all related forward-looking statements wherever they appear in this press release. We cannot assure you that the forward-looking statements in this press release will prove to be accurate. Furthermore, if our forward-looking statements prove to be inaccurate, the inaccuracy may be material. In light of the significant uncertainties in these forward looking statements, you should not regard these statements as a representation or warranty by us or any other person that we will achieve our objectives and plans in any specified time frame, if at all. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they were made. Except as expressly required under federal securities laws and the rules and regulations of the U.S. Securities and Exchange Commission, we do not have any obligation, and do not undertake, to update any forward-looking statements to reflect events or circumstances arising after the date of this press release, whether as a result of new information, future events or otherwise. All forward-looking statements attributable to us are expressly qualified by these cautionary statements.
Media Contact:
Jay A. Morakis
M Group Strategic Communications (for StoneX Group Inc.)
1-646-859-5951
jmorakis@mgroupsc.com

text: STONEX GROUP INC.

text: GAIN CAPITAL HOLDINGS, INC.

text: StoneX Group Inc.

text: GAIN Capital Holdings, Inc.

text: Glenn Stevens

text: StoneX Group Inc.

text: StoneX Group Inc.

text: StoneX Group Inc.


dataset: buster

text:
EX-99.1
2
pr051611saleofstartrak.htm
PRESS RELEASE DATED MAY 16, 2011 SALE OF STARTRAK
pr051611saleofstartrak.htm
Exhibit 99.1
FOR IMMEDIATE RELEASE
CONTACTS
: Corporate Contact:
John Carlson, Exec VP & CFO
480-505-4869
ALANCO COMPLETES SALE
OF STARTRAK SUBSIDIARY
(Scottsdale, AZ - May 16, 2011) - Alanco Technologies, Inc. (NASDAQ: ALAN)
today announced completion of its sale of subsidiary, StarTrak Systems, LLC,
to ORBCOMM Inc. (NASDAQ: ORBC) as further described in the Company's "Definitive Agreement" announcement of February 24, 2011, and subsequent
SEC filing including the annual shareholder's meeting "Proxy Statement". The transaction close was conditioned upon Alanco shareholder approval, which was
obtained at the Company's annual shareholder's meeting in Scottsdale, Arizona on May 10, 2011. The total selling price is valued at approximately $18.3 million,
comprised of cash, ORBCOMM securities, and assumed debt, with a potential additional earn-out of $1.2 million.
Robert R. Kauffman, Alanco Chairman and CEO commented "This transaction completes our capital restructuring program, retiring all interest-bearing debt,
our dividend-bearing Series D and E Preferred Stock and approximately 1.2 million shares of common stock. Alanco's new capital structure, with common
shares outstanding reduced to approximately 4.4 million, features a relatively "clean" balance sheet with virtually no debt, and current assets comprised of cash
and ORBCOMM common stock totaling $7-8 million. We are actively pursuing new opportunities to enhance shareholder value by leveraging our assets and
public listing through strategic merger or acquisition with an appropriate, privately-owned company".
Alanco Technologies, Inc.
provides wireless monitoring and asset management solutions through its StarTrak Systems subsidiary. StarTrak Systems is the
dominant provider of tracking, monitoring and control services to the refrigerated or "Reefer" segment of the transportation marketplace, enabling customers
to increase efficiency and reduce costs of the refrigerated supply chain. For more information, visit the Alanco website at
www.alanco.com
or StarTrak Systems
at
www.startrak.com.
About ORBCOMM, Inc.:
ORBCOMM is a leading global satellite data communications company, focused on Machine-to-Machine (M2M) communications.
Its customers include Caterpillar Inc., Doosan Infracore America, Hitachi Construction Machinery, Hyundai Heavy Industries, Asset Intelligence a division of
I.D. Systems, Inc., Komatsu Ltd., Manitowoc Crane Companies, Inc., and Volvo Construction Equipment among other industry leaders. By means of a global
network of low-earth orbit (LEO) satellites and accompanying ground infrastructure, ORBCOMM's low-cost and reliable two-way data communication services
track, monitor and control mobile and fixed assets in four core markets: commercial transportation; heavy equipment; industrial fixed assets; and marine/homeland
security. ORBCOMM based products are installed on trucks, containers, marine vessels, locomotives, backhoes, pipelines, oil wells, utility meters, storage tanks
and other assets. ORBCOMM is headquartered in Fort Lee, New Jersey and has its network control center in Dulles, Virginia. For more information, visit
www.orbcomm.com.
EXCEPT FOR HISTORICAL INFORMATION, THE STATEMENTS CONTAINED IN THIS PRESS RELEASE ARE FORWARD-LOOKING STATEMENTS MADE
PURSUANT TO THE SAFE HARBOR PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. ALL SUCH FORWARD-LOOKING
STATEMENTS ARE SUBJECT TO, AND ARE QUALIFIED BY, RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY
FROM THOSE EXPRESSED OR IMPLIED BY THOSE STATEMENTS. THESE RISKS AND UNCERTAINTIES INCLUDE, BUT ARE NOT LIMITED TO, REDUCED
DEMAND FOR INFORMATION TECHNOLOGY EQUIPMENT; COMPETITIVE PRICING AND DIFFICULTY MANAGING PRODUCT COSTS; DEVELOPMENT OF NEW
TECHNOLOGIES THAT MAKE THE COMPANY'S PRODUCTS OBSOLETE; RAPID INDUSTRY CHANGES; FAILURE OF AN ACQUIRED BUSINESS TO FURTHER
THE COMPANY'S STRATEGIES; THE ABILITY TO MAINTAIN SATISFACTORY RELATIONSHIPS WITH LENDERS AND REMAIN IN COMPLIANCE WITH FINANCIAL
LOAN COVENANTS AND OTHER REQUIREMENTS UNDER CURRENT BANKING AGREEMENTS; AND THE ABILITY TO SECURE AND MAINTAIN KEY
CONTRACTS AND RELATIONSHIPS.
SPECIFIC TO THE PENDING SALE OF THE COMPANY'S SUBSIDIARY STARTRAK SYSTEMS, LLC, TO ORBCOMM, INC.,
THE COMPANY'S RISKS INCLUDE BUT ARE NOT LIMITED TO COSTS RELATED TO THE PROPOSED TRANSACTION; FAILURE TO OBTAIN THE REQUIRED APPROVAL
OF THE ALANCO SHAREHOLDERS; RISKS THAT THE CLOSING OF THE TRANSACTION IS SUBSTANTIALLY DELAYED OR THAT THE TRANSACTION DOES NOT
CLOSE, RISKS THAT THE STARTRAK BUSINESS IS NOT INTEGRATED SUCCESSFULLY; RISK THAT THE COMPANY COULD LOSE ITS NASDAQ LISTING;
AND MARKET RISK ASSOCIATED WITH HOLDING THE ORBCOMM STOCK.
# # #

label: organization

text: Alanco Technologies, Inc.

text: StarTrak Systems, LLC

text: ORBCOMM Inc.

text: Alanco Technologies, Inc.

text: STARTRAK SYSTEMS, LLC

text: ORBCOMM, INC.,

source_dataset: expertai/BUSTER

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


text:
EX-99.1
3
a12-26398_2ex99d1.htm
EX-99.1
Exhibit 99.1
News Announcement
CONTACT:
William J. Clifford
Joseph N. Jaffoni, Richard Land
Chief Financial Officer
JCIR
610/373-2400
212/835-8500 or penn@jcir.com
PENN NATIONAL GAMING CLOSES ON $1 BILLION
EXPANSION OF SENIOR SECURED CREDIT FACILITIES
- Revolver Expanded by $85 Million, Term Loan A Expanded by $400 Million,
and Term Loan B Expanded by $515 Million -
Wyomissing, PA (November 2, 2012) - Penn National Gaming, Inc. (PENN: Nasdaq) announced today that it expanded its existing secured $2.15 billion of senior secured credit facilities by $1 billion. Under the original terms of the senior secured credit facilities entered into in July 2011, Penn National had the option to increase the amounts of the facilities at prevailing market rates, subject to obtaining commitments from lenders, pro forma compliance with financial covenants and other customary conditions.
The expanded credit facilities include:
· An $85 million expansion to the existing $700 million revolving credit facility due July 2016;
· A $400 million expansion to the existing $700 million five year Term Loan A due July 2016; and,
· A $515 million expansion to the existing $750 million Term Loan B due July 2018.
The expanded portions of the credit facilities incur no pre-payment penalties and were issued with no origination discount while substantially all of the other terms of the original credit facilities apply to the expanded revolver, Term Loan A and Term Loan B and the credit facilities and continue to allow for debt and equity repurchases.
Penn National is using $610 million of borrowings under the Term Loan A and Term Loan B expansions to fund its acquisition of the Harrah's St. Louis gaming and lodging facility which it completed November 2 with remaining proceeds from the Term Loan A and Term Loan B expansions used to repay borrowings under the existing revolving credit facility and other general corporate purposes.
William J. Clifford, Chief Financial Officer of Penn National Gaming commented, "We are appreciative of our lead banks and participating banks for the confidence expressed in Penn National's financial strength, liquidity and growing cash flows. An expansion was contemplated when we entered into the new credit facilities last year and we remain focused on actively and conservatively managing our capital structure to provide the financial flexibility to support our near- and long-term growth initiatives. Our conservative capital structure, including the credit facility expansions, positions Penn National with one of the most attractive costs of capital in the gaming industry which has allowed us to complete acquisitions such as Harrah's St. Louis in an accretive
manner. Furthermore, our leverage ratios remain well below industry averages and we continue to ensure that the Company has access to capital at rates which allow us to pursue a diverse range of opportunities to enhance shareholder value. With the opening this year of three new casinos and the addition of Harrah's St. Louis, we will further diversify and expand our free cash flow allowing us to maintain attractive leverage ratios and high levels of liquidity".
Bank of America, N.A., Wells Fargo Securities, LLC, Commerzbank AG, New York and Grand Cayman Branches, Fifth Third Bank, Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBS Securities Inc., and UBS Securities LLC acted as joint lead arrangers and bookrunners.
About Penn National Gaming
Penn National Gaming owns, operates or has ownership interests in gaming and racing facilities with a focus on slot machine entertainment. The company presently operates twenty-nine facilities in nineteen jurisdictions, including Colorado, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Maine, Maryland, Mississippi, Missouri, Nevada, New Jersey, New Mexico, Ohio, Pennsylvania, Texas, West Virginia, and Ontario. In aggregate, Penn National's operated facilities currently feature approximately 36,800 gaming machines, approximately 850 table games, 2,900 hotel rooms and approximately 1.6 million square feet of gaming floor space.
Forward-looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may vary materially from expectations. Although Penn National Gaming, Inc. and its subsidiaries (collectively, the "Company") believe that our expectations are based on reasonable assumptions within the bounds of our knowledge of our business and operations, there can be no assurance that actual results will not differ materially from our expectations. Meaningful factors that could cause actual results to differ from expectations include, but are not limited to, risks related to the following: our ability to successfully integrate Harrah's St. Louis into our existing business and achieve the expected returns from such business; the passage of state, federal or local legislation (including referenda) that would expand, restrict, further tax, prevent or negatively impact operations in or adjacent to the jurisdictions in which we do or seek to do business (such as a smoking ban at any of our facilities); the effects of local and national economic, credit, capital market, housing, and energy conditions on the economy in general and on the gaming and lodging industries in particular; the activities of our competitors and the emergence of new competitors (traditional and internet based); increases in any form of taxation at any of our properties or at the corporate level; changes in accounting standards; our dependence on key personnel; the impact of terrorism and other international hostilities; the impact of weather; and other factors as discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2011, subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K as filed with the SEC. The Company does not intend to update publicly any forward-looking statements except as required by law.
# # #

label: person

text: William J. Clifford

text: Richard Land

text: PENN NATIONAL GAMING

text: Penn National Gaming, Inc.

text: William J. Clifford

text: Penn National Gaming

text: Bank of America, N.A.

text: Wells Fargo Securities, LLC

text: Commerzbank AG

text: Fifth Third Bank

text: RBS Securities Inc.

text: UBS Securities LLC

text: Penn National Gaming

text: Penn National Gaming

text: Penn National Gaming, Inc.


text:
EX-99.1
2
a07-7672_1ex99d1.htm
EX-99.1
Exhibit
99.1
FOR IMMEDIATE RELEASE
Contact:
David E. Gable
Senior Vice President and Chief Financial Officer
davidgable@kemet.com
864-963-6484
KEMET CORPORATION WILL COMMENCE
THE PUBLIC TENDER OFFER FOR ALL THE SHARES AND LOAN NOTES IN EVOX RIFA ON MARCH
12, 2007
Greenville, South Carolina (March 9, 2007)
- KEMET Corporation (NYSE:KEM) through its wholly owned direct subsidiary KEMET
Electronics Corporation ("KEMET"), announced today that it will launch its
public tender offer for all of the issued and outstanding shares in Evox Rifa
Group Oyj ("Evox Rifa") and for all of the loan notes under the convertible
capital loan issued by Evox Rifa on March 12, 2007.
The offer price for the shares in Evox Rifa is EUR
0.12 per share payable in cash. The offer price represents a premium of
approximately 46.3 per cent compared to the volume-weighted average trading
price of the Evox Rifa shares on the Helsinki Stock Exchange during the last 12
months preceding the announcement of the tender offer and approximately 44.1
per cent compared to the average trading price during the last 3 months
preceding the announcement of the tender offer. The consideration for the loan
notes under the convertible capital loan corresponds to the aggregate of the
nominal amount of EUR 100 plus accrued interest up to and including the closing
date of the tender offer.
KEMET will announce the preliminary result of the tender
offer on or about the first Finnish banking day following the expiry of the
offer period, or, if applicable, the extended or discontinued offer period, and
will announce the final result of the tender offer on or about the third
Finnish banking day following the expiry of such offer period. The announcement
of the final result will confirm the percentage of the shares and loan notes
that have been validly tendered and not properly withdrawn and whether the
tender offer will be completed.
The Finnish Financial Supervision Authority has today
approved the tender offer document relating to the tender offer. The tender
offer document will be available in English from March 12, 2007 onwards on the
internet at www.nordea.fi/sijoita and
www.evoxrifa.com
.
This announcement shall not be considered an offer to
purchase any securities in any jurisdiction where prohibited by applicable law.
KEMET Announces
Public Tender Offer
Page
2
March 9, 2007
INFORMATION REGARDING EVOX RIFA
Evox Rifa Group Oyj manufactures passive electronic
components, specializing in plastic film, paper and electrolytic capacitors.
Their major customer groups are in industrial, automotive and consumer
electronics and the lighting industry. Evox Rifa's strength lies in the design
and production of customized products that require specialist expertise. Evox
Rifa, with headquarters in Finland, has a worldwide sales and distribution network.
Its production plants are located in Indonesia, Great Britain, China, Sweden
and Finland. Evox Rifa has two global business areas: Electrolytic Capacitors
and Film and Paper Capacitors. Additional information can be found at
http://www.evoxrifa.com.
INFORMATION REGARDING KEMET
KEMET Corporation provides
industry-leading, high-performance electronic component solutions, including
the world's most complete line of surface-mount capacitor technologies across
tantalum, ceramic, and solid aluminum dielectrics, provided with the world's
best quality, delivery and service. KEMET's common stock is listed on the New
York Stock Exchange under the symbol KEM. Additional information can be found
at http://www.kemet.com.

text: KEMET CORPORATION

text: EVOX RIFA

text: KEMET Corporation

text: KEMET

text: KEMET

text:
Evox Rifa
Group Oyj

text: Evox Rifa

text: Evox Rifa

text: Evox Rifa

text: Evox Rifa

text: KEMET

text: KEMET

text: EVOX RIFA

text: Evox Rifa Group Oyj

text: Evox Rifa

text:
Evox
Rifa

text: Evox Rifa

text: KEMET

text: KEMET Corporation

text: KEMET


text:
EX-99.4
5
f01655exv99w4.htm
EXHIBIT 99.4
exv99w4
Exhibit 99.4
NEWS RELEASE
CONTACTS: (408) 995-5115
Media Relations: Katherine Potter, Ext. 1168
Investor Relations: Rick Barraza, Ext. 1125
Calpine Completes $223 Million Sale of Rocky Mountain Gas Reserves
(SAN JOSE, Calif.) /PR Newswire - First Call/ Sept. 2, 2004 - Calpine
Corporation [NYSE:CPN] has completed the sale of its natural gas reserves in
the Colorado Piceance Basin and New Mexico San Juan Basin for approximately
$223 million. As previously announced, two U.S. gas companies acquired these
assets for approximately $140 million and approximately $83 million,
respectively, less adjustments to reflect a July 1, 2004 effective date.
Together, these assets represent approximately 120 billion cubic feet
equivalent of proved gas reserves, producing approximately 16.3 million net
cubic feet equivalent per day of gas. Net proceeds from these sales will be
used to reduce the amount outstanding under Calpine's existing $500 million
first lien indebtedness. In conjunction with these sales, Calpine anticipates
recognizing a pre-tax gain of approximately $100 million.
Calpine Corporation, celebrating its 20th year in power, is a North
American power company dedicated to providing electric power to customers from
clean, efficient, natural gas-fired and geothermal power plants. The company
generates power at plants it owns or leases in 21 states in the United States,
three provinces in Canada and in the United Kingdom. The company is listed on
the S&P 500 and was named
FORTUNE's
2004 Most Admired Energy Company. The
company was founded in 1984 and is publicly traded on the New York Stock
Exchange under the symbol CPN. For more information, visit www.calpine.com.
This news release discusses certain matters that may be considered
"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, including statements regarding the intent, belief or
current expectations of Calpine Corporation ("the Company") and its management.
Prospective investors are cautioned that any such forward-looking statements
are not guarantees of future performance and involve a number of risks and
uncertainties that could materially affect actual results such as, but not
limited to, (i) the timing and extent of changes in commodity prices for
energy, particularly natural gas and electricity; (ii) other risks identified
from time-to-time in the Company's reports and registration statements filed
with the SEC, including the risk factors identified in its Annual Report on
Form 10-K for the year ended December 31, 2003 and in its Quarterly Report on
Form 10-Q for the quarter ended June 30, 2004, which can also be found on the
Company's website at www.calpine.com. All information set forth in this news
release is as of today's date, and the Company undertakes no duty to update
this information.
###

text: Calpine

override: organization

text:
Calpine
Corporation

text: Calpine

text: Calpine

text: Calpine Corporation

text: Calpine Corporation


text:
EX-99
3
ex991.htm
PRESS RELEASE DATED APRIL 8, 2009
Exhibit 99.1
Press release
IceWEB, Inc. Significantly Improves Balance Sheet Through Sale of Subsidiary
Sale Expected to drive Margin Improvement; reduces debt by $3.6m
Wednesday April 8, 2009, 10:06 am EDT
DULLES, Va.--(BUSINESS WIRE)--IceWEB's (OTCBB: IWEB) www.iceweb.com announced today that it has completed the sale of its IceWEB Solutions Group, Inc. (VA) subsidiary. Details of this transaction will be disclosed on form 8-k to be filed with the Securities and Exchange Commission. The Company has elected to focus on higher-margin sales of its own manufactured products, which includes online cloud computing, software services and data storage products.
As a result of the transaction, the Company expects to reduce current liabilities and indebtedness from approximately $9 million at its fiscal year ended September 30, 2008, to $3.4 million as of its fiscal second quarter ended March 31, 2009.
"The sale of this subsidiary dramatically improves our capital structure, allowing the company to narrow its focus and broaden its reach in the Online and Storage Markets", said John R. Signorello, IceWEB's Chief Executive Officer. "We believe there are significant opportunities to grow the IceWEB family of products within the current customers we have now. A clear strategic direction and an improved balance sheet will allow us to expand profitably and deliver world class customer service".
About IceWEB, Inc.
Headquartered just outside of Washington, D.C., IceWEB manufactures and markets storage solutions and on-line application services. Its customer base includes U.S. government agencies, enterprise companies, and small to medium sized businesses (SMB). For more information, please visit www.IceWEB.com.
Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, including but not limited to business conditions and the amount of growth in the computer industry and general economy, competitive factors, and other risks detailed from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-K and its quarterly reports on Forms 10-Q. The Company does not undertake any obligation to update forward-looking statements.
Contact:
IceWEB, Inc.
Investor Relations, 703-344-0951
investor@iceweb.com
or
CEOCAST
Gary Nash, 212-732-4300

text: IceWEB

text: IceWEB

text: IceWEB Solutions Group, Inc.

text: IceWEB

text: IceWEB

text: IceWEB

text: IceWEB

text: IceWEB


text:
EX-99.1
5
dex991.htm
PRESS RELEASE OF CSG SYSTEMS INTERNATIONAL, INC.
Press release of CSG Systems International, Inc.
Exhibit 99.1
NEWS RELEASE
FOR
IMMEDIATE RELEASE
CSG SYSTEMS INTERNATIONAL
COMPLETES SALE OF GLOBAL
SOFTWARE SERVICES DIVISION ASSETS TO COMVERSE
ENGLEWOOD, COLO.
(
Dec. 12, 2005)
- CSG Systems International, Inc.,
(NASDAQ: CSGS), a leading provider of customer care and billing solutions, today announced it has completed the sale of its Global Software and Services Division assets to Comverse, Inc., a division of Comverse Technology, Inc. (NASDAQ: CMVT), the
world's leading provider of software and systems enabling network-based multimedia enhanced communications services.
"With the completion of this sale of the GSS assets to Comverse, CSG will intensify its focus on our core competencies in the cable and DBS
markets", said Ed Nafus, CSG President and Chief Executive Officer. "We will continue to provide scalable and dependable solutions that enable our customers to grow and transform their businesses, in addition to providing superior customer
service. We look forward to working with our customers as they begin to deliver new services and unveil new business models that will require our expertise and solutions".
CSG initially announced the divestiture on Oct. 7, 2005. The aggregate sales price is approximately $249 million in cash,
which will be adjusted based upon the results of a customary, post-closing adjustments.
CSG expects to incur certain material one-time charges in the fourth quarter of 2005 that are currently not included in CSG's fourth quarter 2005 financial guidance. These charges relate to the closing of the
sale of the GSS Business and other related activities to be implemented before the end of 2005. Once the company is able to reasonably estimate these amounts, the company will provide updated fourth quarter 2005 financial guidance, as well as
full-year 2006 financial guidance.
More information about
Comverse and the sale of the GSS assets can be found at http://www.comverse.com/billing.
About CSG Systems International
Headquartered in Englewood, Colorado, CSG Systems International (Nasdaq: CSGS) is the leading provider of outsourced billing, customer care and print and mail solutions and services supporting the North American convergent broadband and
direct broadcast satellite markets. CSG's solutions support some of the world's largest and most innovative providers of bundled multi-channel video, Internet, voice and IP-based services. CSG's unique combination of solutions,
services and expertise ensure that cable and satellite operators can continue to rapidly launch new service offerings, improve operational efficiencies and deliver a high-quality customer experience in a competitive and ever-changing marketplace.
For more information, visit our website at
www.csgsystems.com
.
This
news release contains forward-looking statements as defined under the Securities Act of 1933, as amended, that are based on assumptions about a number of important factors and involve risks and uncertainties that could cause actual results to differ
materially from what appears in this news release.
These factors include, but are not limited to: 1) CSG's ability to continue to perform satisfactorily and maintain good customer relations with its
three largest clients, Comcast Corporation, Echostar Communications, and Time Warner, Inc., which combined make up over 50% of CSG's revenues from continuing operations; 2) the continued acceptance of CSG ACP and its related products and
services; 3) CSG's ability to enhance current products and develop new technology that will retain existing clients and capture new market share; 4) significant forays into new markets, which may prove costly and unprofitable; 5) the degree to
which CSG's expectations of market penetration and consumer acceptance of broadband, wireline and wireless services prove true - and even if realized, CSG's ability to meet the billing and customer care needs of those markets; 6)
client consolidation, which has decreased the number of potential buyers for many of CSG's products and services; 7) CSG's ability to renew contracts and sell additional products and services to existing and new clients; and 8) CSG's
ability to successfully deliver on lengthy and/or complex implementation projects, which by their nature, carry much more risk.
This list is not exhaustive and readers are encouraged to review the additional risks and important factors
described in CSG's reports on Forms 10-K and 10-Q and other filings made with the SEC.
For more information contact:
MEDIA:
INVESTORS:
Elise Brassell
Liz Bauer
CSG Systems International, Inc.
CSG Systems International, Inc.
Corporate Communications
SVP, Corp. Comm & IR
(303) 804-4962
(303)804-4065
###

text: CSG SYSTEMS INTERNATIONAL, INC.

text: CSG Systems International, Inc.

text: CSG SYSTEMS INTERNATIONAL

text:
GLOBAL
SOFTWARE SERVICES DIVISION

text: COMVERSE

text: CSG Systems International, Inc.

text: Global Software and Services Division

text: Comverse, Inc.

text: Comverse

text: Comverse

text: Comverse

text: CSG Systems International

text: CSG Systems International

text: CSG Systems International, Inc.

text: CSG Systems International, Inc.


text:
EX-99.2
3
exhibit2.htm
EX-99.2
EX-99.2
Nordson Corporation
28601 Clemens Road
Westlake, Ohio 44145 USA
FOR RELEASE:
CONTACT:
Immediately
James R. Jaye
Director, Communications & Investor Relations
440.414.5639
Jim.Jaye@nordson.com
Nordson Corporation Expands Fluid Management Capabilities for Medical Markets with Agreement to
Acquire Avalon Laboratories
.
Avalon is a leading designer and manufacturer of highly-specialized, single-use
catheters and specialty medical tubing products for cardiology, pulmonology and related
applications
Westlake, Ohio, USA - August 4, 2014 -
Nordson Corporation
(Nasdaq: NDSN) has entered
into a definitive agreement to acquire Los Angeles, California based
Avalon Laboratories
Holding Corp.
, a leading designer and manufacturer of highly specialized catheters and medical
tubing products for cardiology, pulmonology and related applications.
"Avalon is a high performing growth company with best in class products that are highly
complementary to Nordson's existing lines of highly engineered, single-use plastic components
for fluid management in medical applications", said Michael F. Hilton, Nordson President and
CEO. "In line with our strategy of expanding in the growing global medical market, Avalon
brings Nordson another stream of high value recurring revenue and further reduces our exposure
to more cyclical end markets. The company has generated double digit compound annual growth
rates in revenue and EBITDA since 2008 through a combination of innovative products, unique
intellectual property, process know-how, strong customer relationships, and scalable low cost
manufacturing. We expect to build on the current strong performance of Avalon by leveraging
Nordson's scale, global footprint and continuous improvement competencies".
Founded in 1990, Avalon will operate as part of Nordson's Advanced Technology Systems segment.
The company employs approximately 400 employees at its headquarters in Los Angeles, California and
at an FDA and ISO 13485 registered manufacturing facility in Guaymas, Mexico. The company is
differentiated by its proprietary Polymer Solution Casting
TM
manufacturing technology
which allows the company to produce seamless one piece tubing of varying wall thicknesses and in
complex geometric designs. The technology also enables Avalon to embed specialized
customer-specific features within its tubing, including multiple lumen, kink resistance and
advanced imaging capabilities.
Avalon products are used in life-critical procedures during surgeries where they are inserted
directly into a patient's arteries or veins and most commonly connected to extracorporeal support
systems to maintain oxygen circulation and preserve life. While critical to the success of these
procedures, Avalon products typically are a small portion of total procedure costs. The company
serves leading blue-chip OEM customers within its current cardiology and pulmonology market
segments and has begun to expand its offerings into adjacent endovascular, bariatrics,
tracheostomy, endoscopy, non-vascular stent and ophthalmic market segments.
The $180 million purchase price, subject to adjustment as provided in the purchase agreement, is
expected to be financed with availability under existing credit facilities. The transaction is
expected to close within the next two weeks pending customary closing conditions. Nordson expects
the acquisition to be accretive to earnings in the first full year of operation. Additional
financial information will be provided following the closing of the transaction.
Nordson Corporation delivers precision technology solutions that help customers succeed worldwide.
The company engineers, manufactures and markets differentiated products and systems used for
precision dispensing of adhesives, coatings, sealants, biomaterials, fluids and other materials,
plastic extrusion and injection molding, electronics testing and inspecting, and surface
preparation, all supported by application expertise and direct global sales and service. Nordson
serves a wide variety of consumer non-durable, durable and technology end markets including
packaging, nonwovens, electronics, medical, appliances, energy, transportation, construction, and
general product assembly and finishing. Founded in 1954 and headquartered in Westlake, Ohio, the
company has operations and support offices in more than 30 countries. Visit Nordson on the web at
http://www.nordson.com
,
@Nordson-Corp
, or
www.facebook.com/nordson
.
# # #

text: Nordson Corporation

text: Nordson Corporation

text: Avalon Laboratories

text: Nordson Corporation

text: Avalon Laboratories

text: Nordson Corporation


text:
EX-99.1
2
newsrelease.htm
PRESS RELEASE
Southern National Bancorp of Virginia, Inc. Opens Branch Acquired From Millennium Bank in Warrenton, Virginia
EXHIBIT 99.1
Southern National Bancorp of Virginia, Inc. Opens Branch Acquired From Millennium Bank in Warrenton, Virginia
MCLEAN, Va., Sept. 28, 2009 (GLOBE NEWSWIRE) -- Southern National Bancorp of Virginia, Inc. (Nasdaq:SONA), the holding company for Sonabank, is now open for business in its newly acquired branch in Warrenton, Virginia on Monday, September 28th. Under a previously announced agreement, Sonabank acquired selected loans and assumed approximately $26.6 million in deposits from Millennium Bank, N.A. Under the agreement, approximately half of the loans were transferred to Sonabank at the end of July, 2009. The remaining loans were transferred on September 25th.
Georgia Derrico, CEO of Sonabank commented, "For all of us at Sonabank, this new branch represents an important return to our roots. Our predecessor bank, Southern Financial Bancorp, was headquartered in Warrenton. Sonabank's administrative center is in Warrenton. Sonabank already has a branch in Warrenton but not downtown. This transaction adds an excellent downtown branch to the Sonabank network. The Sonabank staff is ready to begin calling on existing and potential new clients as soon as the branch re-opens as Sonabank on Monday September 28th." The transaction is expected to be accretive to Sonabank's earnings in the fourth quarter of 2009.
Southern National Bancorp is headquartered in McLean, Virginia and is the holding company for Sonabank.
Sonabank is a $440 million bank Virginia-chartered bank that now operates 8 banking offices in McLean, Herndon, Reston, Leesburg (2), Warrenton (2), Charlottesville and Clifton Forge, Virginia.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that relate to future events or the future performance of Southern National Bancorp of Virginia, Inc. Forward-looking statements are not guarantees of performance or results. These forward-looking statements are based on the current beliefs and expectations of the respective management of Southern National Bancorp and Sonabank and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond their respective control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Actual results may differ materially from the anticipated results discussed or implied in these forward-looking statements because of numerous possible uncertainties. Words like "may", "plan", "contemplate", "anticipate", "believe", "intend", "continue", "expect", "project", "predict", "estimate", "could", "should", "would", "will", and similar expressions, should be considered as identifying forward-looking statements, although other phrasing may be used. Such forward-looking statements involve risks and uncertainties and may not be realized due to a variety of factors. Additional factors that could cause actual results to differ materially from those expressed in the forward-looking statements are discussed in the reports (such as Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q) filed by Southern National Bancorp. You should consider such factors and not place undue reliance on such forward-looking statements. No obligation is undertaken by Southern National Bancorp to update such forward-looking statements to reflect events or circumstances occurring after the issuance of this press release.
CONTACT: Southern National Bancorp of Virginia, Inc.
R. Roderick Porter, President
202-464-1130 ext. 2406
Fax: 202-464-1134
rporter@sonabank.com
www.sonabank.com

text: Millennium Bank

text: Millennium Bank

text: Sonabank

text: Sonabank

text: Millennium Bank, N.A.

text: Sonabank

text: Georgia Derrico

text: Sonabank

text: Sonabank

text: Sonabank

text: Sonabank

text: Sonabank

text: Sonabank

text: Sonabank

text: Sonabank

text: Sonabank

text: Sonabank

text: Sonabank

text: R. Roderick Porter


text:
EX-99.2
4
ex992to8k8k03725_06192007.htm
sec document
Exhibit 99.2
LYNCH CORPORATION AND SUBSIDIARIES
CONSOLIDATING STATEMENTS OF OPERATIONS (UNAUDITED)
(IN THOUSANDS, EXCEPT SHARE AMOUNTS)
LGL GROUP, INC.
UNAUDITED PROFORMA CONSOLIDATED
CONDENSED STATEMENTS OF OPERATIONS
YEAR ENDED DECEMBER 31, 2005
(1) (2)
as reported reflects activity sfas 123R Proforma
of Lynch Systems adjustment
----------- ---------------- --------- -----------
SALES AND REVENUES $ 46,183 $ 11,132 $ 35,051
COST OF SALES 31,448 6,975 24,473
----------- ----------- ----- -----------
GROSS PROFIT 14,735 4,157 10,578
SELLING, GENERAL AND ADMIN EXPENSES 13,557 3,723 340 10,174
----------- ----------- ----- -----------
OPERATING INCOME (LOSS) 1,178 434 (340) 404
INVESTMENT INCOME 608 16 592
INTEREST (EXPENSE) (847) (148) (699)
OTHER INCOME (EXPENSE) 62 (1) 63
----------- ----------- ----- -----------
INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES 1,001 301 (340) 360
PROVISION FOR FEDERAL INCOME TAXES 209 (115) 324
----------- ----------- ----- -----------
NET INCOME (LOSS) 1,210 186 (340) 684
=========== =========== ===== ===========
weighted average shares outstanding 1,647,577 1,647,577
Earnings Per Share $ 0.73 $ 0.42
(1) represents the elimination of the revenue and other costs associated with Lynch Systems which was sold on
June 19, 2007
(2) represents the effect of having implemented SFAS 123R as of January 1, 2005.


text:
EX-99.1
2
ex99-1.htm
PRESS RELEASE
ex99-1.htm
Exhibit 99.1
Press Contacts:
Al Wasilewski
Lorie Gawreluk
Bill Price
(732) 524-1130
(732) 524-1413
(732) 524-6623
(732) 447-5918 (M)
(908)764-0873 (M)
(732) 668-3735 (M)
Investor Contacts:
Louise Mehrotra
Lesley Fishman
Ellen Sipos
Stan Panasewicz
(732) 524-6491
(732) 524-3922
(732) 524-3709
(732) 524-2524
Johnson & Johnson Announces Completion of Synthes Acquisition
Combination Creates the World's Leading Orthopaedics Business
New Brunswick, NJ (June 14, 2012) - Johnson & Johnson today announced the completion of the acquisition of Synthes, Inc. for a total purchase price of $19.7 billion in cash and stock. Synthes will now be integrated with the DePuy franchise to establish the DePuy Synthes Companies of Johnson & Johnson.
"The completion of the Synthes acquisition creates the world's most innovative and comprehensive orthopaedics business and reflects our long-standing strategy of leadership within attractive health care markets", said Alex Gorsky, Chief Executive Officer, Johnson & Johnson. "The combination of these two respected leaders -- Synthes and DePuy -- will enable us to better serve clinicians and patients worldwide, bring new innovations to the orthopaedics and neurological marketplace, and strengthen our ability to compete in developing markets".
"This is a very exciting day for the people of Synthes and DePuy as we become one comprehensive enterprise dedicated to advancing patient care through innovative, total solutions that are developed from a deep understanding of our customers' needs", said Michel Orsinger, Worldwide Chairman, Global Orthopaedics Group, and former CEO of Synthes. "We are building on the legacy and strengths of two great companies to create one organization that will be agile and responsive in today's evolving health care environment".
Under the terms of the agreement, each share of Synthes common stock will be exchanged for CHF55.65 in cash and 1.7170 shares of Johnson & Johnson common stock. Cash will be provided for fractional shares. Further information regarding closing instructions for Synthes shareholders can be found on
www.investor.jnj.com
or
www.Synthes.com
.
About Johnson & Johnson
Caring for the world, one person at a time, inspires and unites the people of Johnson & Johnson. We embrace research and science - bringing innovative ideas, products and services to advance the health and well-being of people. Our approximately 129,000 employees at more than 250 Johnson & Johnson operating companies work with partners in health care to touch the lives of over a billion people every day, throughout the world.
NOTE TO INVESTORS
(This communication contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of Johnson & Johnson. Risks and uncertainties include, but are not limited to, general industry conditions and competition; economic factors, such as interest rate and currency exchange rate fluctuations; technological advances, new products and patents attained by competitors; challenges inherent in new product development, including obtaining regulatory approvals; challenges to patents; significant adverse litigation; impact of business combinations; financial distress and bankruptcies experienced by significant customers and suppliers; changes to governmental laws and regulations and domestic and foreign health care reforms; trends toward health care cost containment; increased scrutiny of the health care industry by government agencies; changes in behavior and spending patterns of purchasers of health care products and services; financial instability of international economies and sovereign risk; disruptions due to natural disasters; manufacturing difficulties or delays; product efficacy or safety concerns resulting in product recalls or regulatory action. In addition, there are risks and uncertainties related to Johnson & Johnson's ability to successfully integrate the businesses of DePuy and Synthes, as well as the ability to ensure continued performance or market growth of Synthes' products. A further list and description of these risks, uncertainties and other factors and the general risks associated with the respective businesses of Johnson & Johnson and Synthes can be found in Exhibit 99 of Johnson & Johnson's Annual Report on Form 10-K for the fiscal year ended January 1, 2012, and Synthes' 2011 Audited Financial Statements. Copies of these filings, as well as subsequent filings, are available online at www.sec.gov, www.jnj.com, www.synthes.com or on request from Johnson & Johnson. Johnson & Johnson does not undertake to update any forward-looking statements as a result of new information or future events or developments.)
2

text: Johnson & Johnson

text: Synthes

text: Johnson & Johnson

text: Synthes, Inc.

text: Synthes

text: Synthes

text: Johnson & Johnson

text: Synthes

text: Alex Gorsky

text: Johnson & Johnson

text: Synthes

text: Synthes

text: Synthes

text: Synthes

text: Johnson & Johnson

text: Synthes

text: Johnson & Johnson

text: Johnson & Johnson

text: Johnson & Johnson

text: Johnson & Johnson

text: Johnson & Johnson

text: Synthes

text: Synthes

text: Johnson & Johnson

text: Synthes

text: Johnson & Johnson

text: Synthes

text: Johnson & Johnson

text: Johnson & Johnson


text:
EX-99
2
ilxresortsacquireslandinrock.htm
PRESS RELEASE
Converted by EDGARwiz
FOR IMMEDIATE RELEASE
June 1, 2005
ILX RESORTS ACQUIRES LAND IN ROCKY POINT
PHOENIX, ARIZONA - June 1, 2005 - ILX RESORTS INCORPORATED (AMEX: ILX)
a leading developer, operator and marketer of upscale flexible-stay vacation ownership resorts in the western United States, announced today the acquisition of land in Puerto Peñasco (Rocky Point) Mexico.
"We are delighted to begin our expansion into Puerto Peñasco with the acquisition of this very attractive parcel,"
said Joe Martori, Chairman and CEO. He continued,
"Rocky Point is a particularly desirable location for ILX because it provides convenient access to a beach vacation to our largest market, Arizona. We plan to develop a boutique resort of approximately sixty suites on the site and to annex some or all of the property into Premiere Vacation Club. Together with our existing beachfront resort in San Carlos Mexico, the addition of Rocky Point will provide Premiere Vacation Club owners with access to two distinct Sonoran beach destinations, as well as to the collection of Premiere Vacation Club resorts throughout Arizona and the West".
ILX Resorts acquires, develops, and operates premier timeshare resorts primarily in the western United States that provide its owners with extraordinary vacation experiences. ILX's portfolio of world-class properties includes seven resorts in Arizona, one in Indiana, one in Colorado, one in San Carlos, Mexico and land adjacent to an existing resort in northern Arizona on which it has commenced construction. It also, through Premiere Vacation Club, has acquired, and continues to acquire, inventory at the Carriage House in Las Vegas and in addition has acquired inventory at the Scottsdale Camelback Resort in Scottsdale, Arizona. For more information, visit:
www.ilxresorts.com
.
For more information, contact Joseph P. Martori, Chairman or Margaret Eardley, Chief Financial Officer, at 602-957-2777.
This news release may include "forward-looking statements." Forward-looking statements are based on current expectations and assumptions and are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified and many of which are beyond the Company's control. Actual results could differ materially from these forward-looking statements as a result of a number of factors, including but not limited to, economic conditions, the Company's need for additional financing, intense competition in various aspects of its business, the risks of growth, its dependence on key personnel, pending litigation and other risks detailed in ILX's Securities and Exchange Commission reports. Given these risks and uncertainties, investors are cautioned not to place undue reliance on such forward-looking statements and no assurances can be given that such statements will be achieved. ILX Resorts Incorporated does not assume any duty to publicly update or revise the material contained herein.
###

text: ILX RESORTS

text: ILX RESORTS INCORPORATED

text: Joe Martori

text: ILX Resorts

text: Joseph P. Martori

text: Margaret Eardley

text: ILX Resorts Incorporated


text:
EX-99.1
2
tbk-ex991_6.htm
EX-99.1
tbk-ex991_6.htm
Exhibit 99.1
Triumph bancorp, inc. ANNOUNCES completion of its Acquisition of COLOEAST BANKSHARES, INC.
DALLAS, August 1, 2016 - (Globe Newswire) - Triumph Bancorp, Inc. (Nasdaq: TBK) (the "Company"), the parent company of TBK Bank, SSB, today announced the completion of its acquisition of ColoEast Bankshares, Inc. ("ColoEast"). Simultaneously with the closing of the acquisition, ColoEast's wholly-owned bank subsidiary, Colorado East Bank & Trust, merged with and into the Company's wholly-owned bank subsidiary, TBK Bank, SSB. At June 30, 2016, ColoEast had approximately $753 million of total assets, $464 million of loans and $659 million of deposits.
Pursuant to the terms of the definitive agreement, the Company paid $70 million in cash for the outstanding common stock of ColoEast. The transaction is expected to be immediately accretive to the Company's diluted earnings per common share.
"We are pleased to complete the acquisition of ColoEast", Aaron P. Graft, vice chairman and chief executive officer of Triumph Bancorp, Inc., stated. "We are proud to expand our operations into Colorado and Western Kansas, while gaining a large number of talented bankers with expertise that will enhance our community banking operations.
This acquisition will improve our deposit mix, materially increase our operational efficiency, deploy our excess capital, and diversify our loan portfolio".
About Triumph
Headquartered in Dallas, Texas, Triumph Bancorp, Inc. (NASDAQ: TBK) is a financial holding company with a diversified line of community banking, commercial finance and asset management activities.
www.triumphbancorp.com
Forward-Looking Statements
This Press Release may contain forward-looking statements within the meaning of the federal securities laws. Investors are cautioned that such statements, including statements with respect to the expected benefits of the transaction, are predictions and that actual events or results may differ materially. These forward-looking statements are not guarantees of future results and are subject to factors that could cause actual results to differ materially from those we may expect, including, but not limited to: economic, political and market conditions and fluctuations; competition; the possibility that the expected benefits related to the transaction may not materialize as expected; the possibility that we will be unable to successfully implement integration strategies or to achieve expected synergies and operating efficiencies within the expected time-frames or at all; and other factors identified in our filings with the Securities and Exchange Commission (the "SEC"). For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" and the forward-looking statement disclosure contained in Triumph Bancorp, Inc.'s Annual Report on Form 10-K, filed with the SEC on February 26, 2016. Forward-looking statements speak only as of the date made and Triumph undertakes no duty to update such information.
Source
: Triumph Bancorp, Inc.
###
Investor Relations:
Luke Wyse
Vice President, Finance & Investor Relations
lwyse@triumphllc.com | 214-365-6936
Media Contact:
Amanda Tavackoli
Vice President, Marketing & Communication
atavackoli@triumphllc.com | 214-365-6930

text: Triumph bancorp, inc.

text: COLOEAST BANKSHARES, INC.

text: Triumph Bancorp, Inc.

text: TBK Bank, SSB

text: ColoEast Bankshares, Inc.

text: ColoEast

text: ColoEast

text: Colorado East Bank & Trust

text: TBK Bank, SSB

text: ColoEast

text: ColoEast

text: ColoEast

text: Triumph Bancorp, Inc.

text: Triumph Bancorp, Inc.

text: Triumph Bancorp, Inc.

text: Triumph Bancorp, Inc.

text: Luke Wyse

text: Amanda Tavackoli


text:
EX-99.2
9
exh99_2.htm
EXHIBIT 99.2
exh99_2.htm
For media inquiries: For media inquiries:
Meredith J. Ching Jeff S. Hull
Alexander & Baldwin Holdings, Inc. Matson Navigation Company, Inc.
808.525.6669 510.628.4534
mching@abinc.com jhull@matson.com
For investor relations inquiries: For investor relations inquiries:
Suzy P. Hollinger Phyllis Proffer
Alexander & Baldwin Holdings, Inc. Matson Navigation Company, Inc.
808.525.8422 510.628.4021
shollinger@abinc.com pproffer@matson.com
MATSON FINALIZES POST-SEPARATION FINANCING ARRANGEMENTS
Maintains Strong Balance Sheet and Financial Flexibility as a Stand-Alone Company
Receives Favorable IRS Ruling on Tax-Free Nature of Planned Separation
HONOLULU - (June 7, 2012) Alexander & Baldwin Holdings, Inc. (NYSE: ALEX)
,
successor by merger to Alexander & Baldwin, Inc., today announced that its wholly-owned subsidiary, Matson Navigation Company, Inc. ("Matson Navigation"), has entered into a series of debt financing agreements undertaken on behalf of Matson, Inc. ("Matson") as part of the previously announced plan to separate the Company's transportation and land businesses into two publicly traded companies. Subject to final approval by the Alexander & Baldwin Holdings, Inc. Board of Directors, the separation remains on track for completion early in the third quarter of this year or as early as the end of the second quarter.
"We are pleased to announce that we have secured these important debt financing agreements, which mark an important step toward the establishment of Matson as a stand-alone company", said Matt Cox, president of Matson Navigation. "As an independent company, Matson will be well capitalized, with a strong balance sheet and credit profile, thereby providing stability and the financial flexibility to pursue future growth opportunities".
"Matson has achieved successful long-term debt financing agreements at a time when long-term rates are near historic lows", said Joel Wine, senior vice president, chief financial officer and treasurer of Alexander & Baldwin Holdings, Inc. and senior vice president and chief financial officer of Matson Navigation. "With the exception of the existing Title XI debt, Matson's debt structure will be unsecured and all long-term debt will be amortizing, which will allow Matson to avoid large bullet debt maturities. Additionally, the new revolving credit facility will enhance Matson's liquidity profile and provide financial resources to continue to fund our future operational and growth initiatives".
The new $375 million unsecured revolving senior credit facility with a syndicate of banks has an option to increase the facility's capacity by another $75 million. The facility has a five-year term maturing in June 2017, with an initial stated interest rate of London Interbank Offered Rate (LIBOR) plus 1.5 percent. Matson anticipates that approximately $75 million will be drawn from the new credit facility immediately following the separation. Bank of America, N.A. served as administrative agent, and Merrill Lynch, Pierce, Fenner & Smith Incorporated and First Hawaiian Bank served as joint lead arrangers for the revolving credit facility.
Matson Navigation entered into an amended and restated note agreement with Prudential Investment Management, Inc. and its affiliates (collectively, "Prudential"), which will be assigned to Matson, and under which Matson will issue new senior unsecured term notes in an aggregate amount of $170 million with a weighted average coupon of 3.97 percent. The notes have final maturities of 11 years, 15 years and 20 years, with an overall weighted average life of approximately 9.3 years.
The initial draw on the $375 million unsecured revolving senior credit facility and the proceeds from the $170 million of new senior unsecured notes will be used to repay an existing revolver, to fund a contribution to Alexander & Baldwin as part of separation and to fund the general corporate purposes of Matson.
In addition, the existing $56 million privately placed notes with Prudential currently secured by Matson Navigation's
Manulani
vessel were also amended. Following the planned separation, these notes will be assigned to Matson, the security interest on the vessel will be released, and the coupon rate will be adjusted to 5.79 percent from 4.79 percent related to Matson's overall debt restructuring as part of the separation. These notes have a remaining average life of approximately four years and the amortization schedule of the new notes will not change.
There is no change to Matson Navigation's existing $74.8 million of Title XI secured debt.
The financing agreements contain customary representations, financial and other affirmative and negative covenants, events of defaults and remedies, and are subject to completion of the separation transaction.
Alexander & Baldwin Holdings, Inc. has received a favorable private letter ruling from the U.S. Internal Revenue Service (IRS) confirming the tax-free nature of the planned separation. Furthermore, Alexander & Baldwin, Inc. completed its shareholder-approved holding company merger which was intended to facilitate the separation. As a result of the merger, Alexander & Baldwin Holdings, Inc. replaced Alexander & Baldwin, Inc. as the publicly held corporation through which the Company's operations are conducted and the previously-disclosed "Maritime Restrictions" became effective for Company shareholders.
Additional information about the financing arrangements and other matters covered in this release can be found in Alexander & Baldwin Holdings, Inc.'s Form 8-K, which will be filed with the Securities and Exchange Commission today
.
About Alexander & Baldwin Holdings, Inc.
Alexander & Baldwin Holdings, Inc., successor by merger to Alexander & Baldwin, Inc., is headquartered in Honolulu, Hawaii. A&B is engaged in ocean transportation and logistics services through its subsidiaries, Matson Navigation Company, Inc. and Matson Logistics, Inc.; in real estate through A&B Properties, Inc.; and in agribusiness through Hawaiian Commercial & Sugar Company. Additional information about A&B may be found at its web site:
www.alexanderbaldwin.com
.
About Matson Navigation Company, Inc.
Founded in 1882, Matson is one of the leading U.S. carriers in the Pacific. Matson provides a vital lifeline to the island economies of Hawaii, Guam and Micronesia and premium, expedited service from China to Southern California. The Company's fleet of 17 ships includes containerships, combination container and roll-on/roll-off vessels and custom-designed barges. Matson Logistics, established in 1987, extends the geographic reach of Matson's transportation network throughout the continental U.S. Its integrated, asset-light logistics services include rail intermodal, highway brokerage and warehousing. Matson is a wholly owned subsidiary of Alexander & Baldwin Holdings, Inc. (NYSE: ALEX).
Forward-Looking Statements
Statements in this press release that are not historical facts are "forward-looking statements", within the meaning of the Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward-looking statement. These forward-looking statements are not guarantees of future performance. This release should be read in conjunction with our Annual Report on Form 10-K and our other filings with the SEC through the date of this release, which identify important factors that could affect the forward-looking statements in this release. We do not undertake any obligation to update our forward-looking statements.
# # #

text: Alexander & Baldwin Holdings, Inc.

text: Alexander & Baldwin Holdings, Inc.

text: Alexander & Baldwin Holdings, Inc.

text: Alexander & Baldwin Holdings, Inc.

text: Matt Cox

text: Alexander & Baldwin Holdings, Inc.

text: Bank of America, N.A

text: First Hawaiian Bank

text: Alexander & Baldwin Holdings, Inc.

text: Alexander & Baldwin Holdings, Inc.

text: Alexander & Baldwin Holdings, Inc.

text: Alexander & Baldwin Holdings, Inc.

text: Alexander & Baldwin Holdings, Inc.

text: Alexander & Baldwin Holdings, Inc.


text:
EX-99.1
2
v195803_ex99-1.htm
EX-99.1
ELITE
PHARMACEUTICALS ANNOUNCES ACQUISITION OF GENERIC NALTREXONE PRODUCT
NORTHVALE,
N.J. - September 1, 2010 - Elite Pharmaceuticals, Inc. ("Elite" or the
"Company") (OTCBB: ELTP) announced today the acquisition of a currently approved
Abbreviated New Drug Application (ANDA) for naltrexone hydrochloride 50 mg
tablets from Mikah Pharma LLC ("Mikah"). The brand product and its generic
equivalents had annual sales of approximately $14 million in 2009 and there are
currently three other approved generic manufacturers plus the innovator.
The transfer of the ANDA will begin immediately and Elite expects to begin
manufacture of the product early next year. Pursuant to the
agreement, Elite will be entitled to sell the drug in the United States and its
territories, including Puerto Rico, and has licensed to Mikah the right to sell
the drug in the remainder of the world.
Elite
also has entered into an agreement with Mikah for a product to be
developed. Elite will be responsible for the formulation, analytical
development, clinical batch manufacture and validation work for the product and
will seek approval of the product from the FDA pursuant to 505(b)2 of the Drug
Price Competition Act. Upon approval, Elite will manufacture the
product and the parties will negotiate in good faith a manufacturing and supply
agreement for the product. Elite will also receive a royalty of five
percent of net sales after product launch and prior to the introduction of the
first generic of the product.
"These
acquisition and development agreements continue our strategy of leveraging the
manufacturing and development expertise of the company into products that we
believe may generate positive cash flow to support our research activities,"
stated
Jerry
Treppel, Chairman and CEO
.
About Elite Pharmaceuticals,
Inc.
Elite
Pharmaceuticals, Inc. is a specialty pharmaceutical company that develops and
manufactures oral, controlled-release products using proprietary technology.
Elite's strategy includes life cycle management of products to improve
off-patent drug products and developing generic versions of controlled release
drug products with high barriers to entry. Elite developed and
manufactures for its partner, Lodrane 24® and Lodrane 24D®, for allergy
treatment and expects to launch soon three approved generic
products. Elite also has a pipeline of additional generic drug
candidates under active development and the Company is developing ELI-216, an
abuse resistant oxycodone product, and ELI-154, a once-a-day oxycodone
product. Elite conducts research, development and manufacturing
in its facility in Northvale, New Jersey.
This
news release contains forward-looking statements, including the statement that
the acquisition and development of the naltrexone hydrochloride product may
generate positive cash flow to support the Company's research
activities. These statements involve known and unknown risks,
delays, uncertainties and other factors not under the control of Elite, which
may cause actual results, performance or achievements of the companies to be
materially different from the results, performance or other expectations implied
by these forward-looking statements. In particular, because substantial future
testing will be required prior to approval, the results described above may not
be supported by additional data or by the results of subsequent trials. These
risks and other factors, including the timing or results of pending and future
clinical trials, regulatory reviews and approvals by the Food and Drug
Administration and other regulatory authorities, and intellectual property
protections and defenses, are discussed in Elite's filings with the Securities
and Exchange Commission such as the 10K, 10Q and 8K reports. Elite undertakes no
obligation to update any forward-looking statements.
Contact:
For Elite Pharmaceuticals,
Inc.
Dianne Will, Investor Relations,
518-398-6222
Dianne@elitepharma.com
www.elitepharma.com

text:
ELITE
PHARMACEUTICALS

text: Elite Pharmaceuticals, Inc.

text: Mikah Pharma LLC

text:
Jerry
Treppel

text:
Elite Pharmaceuticals,
Inc.

text:
Elite
Pharmaceuticals, Inc.

text:
Elite Pharmaceuticals,
Inc.


text:
EX-99.1
2
pressrelease.htm
PRESS RELEASE
pressrelease.htm
Exhibit 99.1
FOR IMMEDIATE RELEASE
December 9, 2013
Almost Family, Inc. Completes Acquisition of SunCrest HealthCare
Major acquisition is largest in Company history
Also appoints Daniel Schwartz SVP and Chief Operating Officer
Louisville, KY, December 9, 2013
- Almost Family, Inc. (Nasdaq: AFAM), a leading provider of home health nursing services, today announced that it has completed the previously announced acquisition of the stock of SunCrest HealthCare. SunCrest, a provider of skilled home health and personal care services generated over $150 million in revenue in 2012 and currently operates over 75 branch locations in nine states. With this acquisition, Almost Family will operate over 240 branches across 14 states and its annual net revenue run rate is expected to approach the $500 million mark.
Company Comments
William B. Yarmuth, Chairman and CEO of Almost Family, Inc., noted, "We are extremely pleased to welcome all the employees, the patients, and referral sources of SunCrest to the Almost Family team. At the same time I'm very happy to announce the promotion of Daniel Schwartz as our Senior Vice President and Chief Operating Officer to lead the operations of the combined companies. Since joining the company, Daniel has shown leadership and vision and will play a significant role in the company's future development".
The Company noted Schwartz, who joined the management team earlier this year had been serving as Senior Vice President of Operations.
The total purchase price for the stock was $75.5 million, subject to a working capital adjustment. The transaction was funded primarily from Almost Family's existing cash and borrowings from its senior secured revolving credit facility.
About Almost Family, Inc.
Almost Family, Inc., founded in 1976, is a leading regional provider of home health nursing services, with branch locations (following the closing of the SunCrest transaction) in Florida, Ohio, Tennessee, Kentucky, Connecticut, New Jersey, Massachusetts, Georgia, Pennsylvania, Indiana, Missouri, Illinois, Mississippi and Alabama (in order of revenue significance). Almost Family, Inc. and its subsidiaries operate a Medicare-certified segment and a personal care segment. Altogether, with this transaction, Almost Family will operate over 240 branch locations in fourteen U.S. states.
Forward Looking Statements
All statements, other than statements of historical facts, included in this news release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of forward-looking terminology such as "may", "will", "expect", "believe", estimate", "project", anticipate", "continue", or similar terms, variations of those terms or the negative of those terms. These forward-looking statements are based on the Company's current plans, expectations and projections about future events.
Because forward-looking statements involve risks and uncertainties, the Company's actual results could differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. The potential risks and uncertainties which could cause actual results to differ materially include: regulatory approvals or third party consents may not be obtained; the impact of further changes in healthcare reimbursement systems, including the ultimate outcome of potential changes to Medicare reimbursement for home health services and to Medicaid reimbursement due to state budget shortfalls; the ability of the Company to maintain its level of operating performance and achieve its cost control objectives; changes in our relationships with referral sources; the ability of the Company to integrate acquired operations, including obtaining synergies, integration objectives and anticipated timelines; government regulation; health care reform; pricing pressures from Medicare, Medicaid and other third-party payers; changes in laws and interpretations of laws relating to the healthcare industry; and the Company's self-insurance risks. For a more complete discussion regarding these and other factors which could affect the Company's financial performance, refer to the Company's various filings with the Securities and Exchange Commission, including its filing on Form 10-K for the year ended December 31, 2012, in particular information under the headings "Special Caution Regarding Forward-Looking Statements" and "Risk Factors." The Company undertakes no obligation to update or revise its forward-looking statements.

text: Almost Family, Inc.

text: SunCrest HealthCare

text: Almost Family, Inc.

text: SunCrest HealthCare

text: Almost Family, Inc.

text: Almost Family, Inc.

text: Almost Family, Inc.

text: Almost Family, Inc.


text:
EX-99.1
4
form8k-exhibit99_1.htm
EXHIBIT 99.1
form8k-exhibit99_1.htm
Exhibit 99.1
Contact:
Dan McCarthy, 610-774-5758
PPL Corporation
PPL completes acquisition of two Kentucky utility companies
Transaction will benefit customers, shareowners and communities
ALLENTOWN, Pa. (Nov. 1, 2010) -- PPL Corporation (NYSE: PPL) on Monday (11/1) completed its acquisition of Kentucky's two major utilities, creating a larger and more diverse energy company that is well-positioned to continue delivering excellent service for customers, attractive returns for shareowners and solid benefits for the communities where it does business.
PPL acquired E.ON U.S. LLC, the parent company of Louisville Gas and Electric Company and Kentucky Utilities Company, from E.ON AG for $7.6 billion, including assumed debt.
The acquisition substantially improves PPL's business mix by adding a significant amount of regulated delivery and generation assets. PPL now has:
·
More than $10 billion in estimated annual revenues (up from $7.6 billion recorded by PPL in 2009).
·
5.2 million utility customers (2.6 million in the United Kingdom, 1.4 million in Pennsylvania and 1.2 million served by the Kentucky-based companies).
·
About 19,000 megawatts of generation (including 8,100 megawatts of regulated capacity in Kentucky).
·
13,500 employees, including about 3,100 in Kentucky.
"With this acquisition of high-performing assets, we've added significant scale and enhanced our ability to be successful over the long term", said James H. Miller, PPL chairman, president and chief executive officer. "This acquisition increases the size of our regulated business by 130 percent and, importantly, retains the upside from our competitive generation business during periods of increased wholesale electricity prices and demand".
PPL's overall business will clearly benefit from the acquisition, Miller said, because of the increased financial strength and improved financial stability it provides. "Going forward, we're a stronger company with excellent prospects for further growth", he said.
Because of expected infrastructure investments in all three of the company's regulated utility operations, PPL expects the size of its rate-regulated businesses, in terms of rate base, to triple by 2014.
To finance the equity portion of the acquisition, PPL sold about $3.5 billion of common stock and equity units in late June. The equity sale was significantly oversubscribed, a favorable indication of investor sentiment toward the acquisition and its perceived value. The balance of the purchase price was paid using existing lines of credit, as well as cash on hand.
On Oct. 28, PPL announced its 2010 forecast of $2.80 to $2.95 per share in earnings from ongoing operations, reflecting dilution associated with the equity financing for the acquisition, but excluding any earnings impact from closing the acquisition prior to year-end. The 2010 forecast of reported earnings, also announced on Oct. 28, is $1.94 to $2.09 per share, reflecting special items recorded through Sept. 30, 2010.
PPL will provide its 2011 consolidated earnings forecast after a detailed review of the Kentucky companies' 2011 business plan.
LG&E and KU provide electricity service to 943,000 customers, mostly in Kentucky, with some customers in Virginia and Tennessee. LG&E also provides natural gas delivery service to 321,000 customers in Kentucky.
Approvals for the transaction, all granted within six months of the acquisition's announcement, were received from the Kentucky Public Service Commission, the Virginia State Corporation Commission, the Tennessee Regulatory Authority and the Federal Energy Regulatory Commission. The transaction also received antitrust clearance from the Federal Trade Commission and the U.S. Department of Justice.
PPL Corporation, headquartered in Allentown, Pa., owns or controls about 19,000 megawatts of generating capacity in the United States, sells energy in key U.S. markets and delivers electricity and natural gas to about 5.2 million customers in the United States and the United Kingdom. More information is available at
www.pplweb.com
.
See PPL's Oct. 28 earnings release at www.pplweb.com for the reconciliation of earnings from ongoing operations to reported earnings.
# # #
Note to Editors: Video clips of PPL Chairman James H. Miller and other B-roll are available at www.pplnewsroom.com.

text:
PPL Corporation
PPL

text: PPL Corporation

text: PPL

text: PPL

text: E.ON U.S. LLC

text: E.ON AG

text: PPL

text: PPL

text: PPL

text: PPL

text: PPL

text: PPL

text: PPL

text: PPL

text: PPL

text: PPL Corporation

text: PPL

text: PPL


text:
EX-99.1
3
d18112exv99w1.txt
PRESS RELEASE
EXHIBIT 99.1
THE UNIMARK GROUP, INC.
NEWS RELEASE
FOR IMMEDIATE RELEASE
THE UNIMARK GROUP, INC.
ANNOUNCES SALE OF ITS
PACKAGED FRUIT BUSINESS SEGMENT
Bartonville, TX August 31, 2004 - The UniMark Group, Inc. (OTC Pink Sheets:
"UNMG.PK") announced today that it has sold its packaged fruit business segment
to Del Monte Corporation in a transaction valued at approximately $11.0 million.
The transaction included the sale of all outstanding shares of the company's
Mexican subsidiary, Industrias Citricolas de Montemorelos, S.A. de C.V.
("ICMOSA"). In connection with the transaction, UniMark anticipates receiving
approximately $950,000 in cash. As part of the transaction, approximately $7.0
million of defaulted ICMOSA bank debt was retired. In 2000, UniMark sold Del
Monte its Sunfresh(R) brand.
Said Jakes Jordaan, President and CEO, "The packaged fruit divestiture
represents a significant step in our new business strategy to become a producer
and marketer of high quality branded fruit products".
ABOUT THE UNIMARK GROUP, INC.
The UniMark Group, Inc. is a producer and marketer of high quality branded
fruit.
Further information about UniMark may also be obtained from a number of sources
via the Internet. UniMark is filing the Purchase Agreement as an Exhibit to its
Current Report on Form 8-K with the Securities and Exchange Commission.
Government filings may be accessed through http://www.freeedgar.com or
http://www.sec.gov and at http://finance.yahoo.com.
This press release contains forward-looking statements conveying management's
expectations as to the future based on plans, estimates and projections at the
time such statements are made. The forward-looking statements contained in this
press release include statements related to business strategy and receipt of
consideration in connection with the transaction described herein.
Forward-looking statements involve inherent risks and uncertainties and the
Company cautions you that a number of important factors could cause actual
results to differ materially from those contained in any such forward-looking
statement, including risks and uncertainties described in more detail, from time
to time, in the Company's filings with the Securities and Exchange Commission,
including its quarterly report on Form 10-Q for the quarterly period September
30, 2003. Investors are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date hereof. The Company
does not undertake to update any of these statements in light of new information
or future events.
COMPANY CONTACT: Jakes Jordaan, President and CEO
817-491-2992
-END-

text: THE UNIMARK GROUP, INC.

text: THE UNIMARK GROUP, INC.

text: The UniMark Group, Inc.

text: Del Monte Corporation

text: Jakes Jordaan

text: THE UNIMARK GROUP, INC.

text: The UniMark Group, Inc.

text: Jakes Jordaan


text:
EX-99.1
3
v159779_ex99-1.htm
Exhibit
99.1
Contact:
Andrew
Chen, Chief Financial Officer
ShengdaTech,
Inc.
86-21-5835-8738
andrew.chen@shengdatech.com
www.shengdatechinc.com
Crocker
Coulson, President
CCG
Investor Relations
646-213-1915
crocker.coulson@ccgir.com
www.ccgirasia.com
ShengdaTech,
Inc. Acquires NPCC Facility in Anhui Province, Announces Expansion
Plan
Shanghai, China, - September 3,
2009
- ShengdaTech, Inc. ("ShengdaTech" or the "Company") (NASDAQ: SDTH),
a leading manufacturer of nano-precipitated calcium carbonate ("NPCC") in China,
today announced the acquisition of Anhui Chaodong Nanomaterials Science and
Technology Co., Ltd. ("Chaodong"), an inactive NPCC facility in Hanshan County
in the Yangtze River Delta region of Anhui Province with 10,000 metric tons of
annual NPCC production capacity. With this acquisition, ShengdaTech
will be the only NPCC producer in China's highly industrialized Anhui Province
with a large market of manufacturers of plastics, adhesives and
tires.
Pursuant
to the agreement with Chaodong, the Company will pay approximately $3.8 million
in cash to acquire 100% of Chaodong, including mining rights to approximately
14.25 million tons of limestone reserves and existing buildings and equipment.
The Company will not assume any of Chaodong's liabilities as of the date of the
agreement. The Company plans to invest an additional $2.9 million to upgrade
Chaodong's technology and production facility before beginning production by the
end of 2009. The investment in technology will include upgrading key equipment
and developing applied technology to lower production costs.
In
connection with the acquisition, the Company entered into an investment
agreement with the Hanshan County government to expand the existing NPCC
facility to add an additional 200,000 metric tons of production capacity with a
total investment commitment of approximately $175.7 million. The agreement
includes acquisition of additional land-use rights for approximately 341,335
square meters (84.35 acres) of property adjacent to Chaodong that can ultimately
support the additional 200,000 metric tons of NPCC production facilities and
exclusive rights to 60 million metric tons of good quality
limestone. The Company will make the investment in several phases by
2013 based on market demand.
In
addition to the investment agreement, the Company also separately agreed to
purchase the land-use rights for approximately 66,767 square meters (16.5 acres)
of land from the local government for the existing Chaodong facility at an
estimated cost of approximately $4.4 million.
Both
agreements are currently under government review and are subject to government
approval.
"Our
acquisition of Chaodong and aggressive expansion plan provide us entry into the
Yangtze River Delta, the home of numerous high-quality manufacturers from varied
industries, giving us a vast, yet untapped target market", commented Mr.
Xiangzhi Chen, president and CEO of ShengdaTech. "As the largest economy in
China, the Yangtze River Delta accounts for over 20% of the country's GDP and is
responsible for about one-third of the import and export industry. Chaodong's
key location near Wuhu, a major river port on the Yangtze River, will result in
lower transportation costs and will facilitate our international sales growth.
We believe through the acquisition and expansion, we will establish a strong
foothold in this vital economic region. This is an important step in
meeting our strategic growth objectives. We are also excited about the
commencement of production at our Zibo facility, and we believe the additional
capacity will enable us to meet the growing demand from our expanding customer
base."
About
ShengdaTech, Inc.
ShengdaTech
is engaged in the business of manufacturing, marketing and selling nano
precipitated calcium carbonate ("NPCC") products. The Company converts limestone
into NPCC using its proprietary technology co-developed with Tsinghua
University. ShengdaTech is the only company possessing proprietary NPCC
technology in China. In addition to its broad customer base in China, the
Company currently exports to Singapore, Thailand, South Korea, Malaysia,
Vietnam, India and Israel. For more information, contact CCG Investor Relations
directly or go to ShengdaTech's website at
http://www.shengdatechinc.com.
Safe
Harbor Statement Under the Private Securities Litigation Reform Act of 1995:
Certain statements in this press release constitute forward-looking statements
for purposes of the safe harbor provisions under The Private Securities
Litigation Reform Act of 1995. These statements include, without limitation,
statements regarding the Company's ability to resume operations at Chaodong and
expand its manufacturing capacity, ability to win new customers in the Yangtze
River Delta, and predictions and guidance relating to the Company's future
financial performance. We have based these forward-looking statements largely on
our current expectations and projections about future events and financial
trends that we believe may affect our financial condition, results of
operations, business strategy and financial needs but they involve risks and
uncertainties that could cause actual results to differ materially from those in
the forward-looking statements, which may include, but are not limited to, such
factors as unanticipated changes in product demand especially in the tire
industry, changes in composition of tires, the Company's ability to meet the
planned expansion schedule for its NPCC capacity, the Company's ability to
identify acquisition targets, changes to government regulations, risk associated
with operation of the Company's new manufacturing facility, ability to attract
new customers, ability to increase its product's applications, ability of its
customers to sell products, cost of raw material, downturns in the Chinese
economy, and other information detailed from time to time in the Company's
filings and future filings with the United States Securities and Exchange
Commission. You are urged to consider these factors care in evaluating the
forward-looking statements herein and are cautioned not to place undue reliance
on such forward-looking statements, which are qualified in their entirety by
this cautionary statement. The forward-looking statements made herein
speak only as of the date of this press release and the Company undertakes no
duty to update any forward-looking statement to conform the statement to actual
results or changes in the company's expectations.
# #
#

text:
Andrew
Chen

text:
ShengdaTech,
Inc.

text:
Crocker
Coulson

text:
ShengdaTech,
Inc.

text: ShengdaTech, Inc.

text: Anhui Chaodong Nanomaterials Science

text: Technology Co., Ltd.

text: Chaodong

text: Chaodong

text: Chaodong

text: Chaodong

text: Chaodong

text: Chaodong

text: Chaodong

text: Chaodong

text: Xiangzhi Chen

text: Chaodong

text: ShengdaTech, Inc.

text: Chaodong


text:
EX-99.1
3
circor_x9941615.htm
PRESS RELEASE
EXHIBIT 99.1
CIRCOR
INTERNATIONAL, INC. ·
30 CORPORATE DRIVE, SUITE 200 ·
BURLINGTON, MA 01803 ·
781-270-1200 · WWW.CIRCOR.COM
Press Release
CIRCOR Increases Penetration of High-Growth
Power Generation
Market with Purchase of Germany-based Schroedahl
Accretive Acquisition
Expands Energy
Business in Asia and Middle East
Burlington, MA - April 16, 2015
CIRCOR International,
Inc. (NYSE: CIR),
a leading provider of valves and other highly engineered products for markets including oil & gas,
power generation and aerospace & defense,
announced the acquisition of Germany-based Schroedahl. Schroedahl is a privately-owned
manufacturer of safety and control valves primarily for the power generation market and, in 2014, recorded revenue of approximately
$30 million with EBITDA margins over 35%.
"We are excited to welcome the Schroedahl team to CIRCOR,"
said Scott Buckhout, President and Chief Executive Officer of CIRCOR International. "This acquisition positions us in the
high-growth power generation market, particularly in Asia and the Middle East, and is consistent with our disciplined capital deployment
strategy. Schroedahl provides sustainable, high margins as a result of its strong engineering capabilities, differentiated technology
and excellent reputation for severe service valves. The company has a leading share of the auto-recirculation valve market, which
has high barriers to entry. We also will be able to leverage our global salesforce to expand Schroedahl's product sales".
"We are delighted to be combining forces with CIRCOR and to
expand Schroedahl's access to customers and geographies beyond our current reach", said Marc Schroeder, Managing Director
of Schroedahl. "This combination will enhance our product offering and further strengthen our competitive position".
Founded in 1962 with customers in Asia, Europe and the Americas,
Schroedahl produces custom-engineered high-pressure auto-recirculation (ARC) and control valves for pump protection applications.
ARC valves ensure the consistent minimum flow rate of pumps in order to guard against overheating, collapse or destruction. Schroedahl
has the leading market position in the ARC valve market and has long-term relationships with pump OEMs.
This transaction provides for:
Earnings accretion with strong, sustainable margins
Greater penetration of the high-growth power generation market
Increased presence in the high-growth Asia and Middle East regions
Differentiated technology and leading market position in a niche market
with high barriers to entry
Opportunity to leverage CIRCOR's global sales and operating footprint
CIRCOR
INTERNATIONAL, INC. ·
30 CORPORATE DRIVE, SUITE 200 ·
BURLINGTON, MA 01803 ·
781-270-1200 · WWW.CIRCOR.COM
Press Release
CIRCOR plans to discuss the acquisition of Schroedahl on its first-quarter
2015 financial results conference call on Tuesday, April 28, 2015 at 9:00 a.m. ET. To listen to the live conference call and view
the accompanying presentation slides, please visit "Webcasts & Presentations" in the "Investors" portion
of CIRCOR's website. The live call also can be accessed by dialing (877) 407-5790 or (201) 689-8328. The webcast will be
archived on the Company's website for one year.
Safe Harbor Statement
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. Reliance should not be placed on forward-looking statements
because they involve unknown risks, uncertainties and other factors, which are, in some cases, beyond the control of CIRCOR. Any
statements in this press release that are not statements of historical fact are forward-looking statements, including, but not
limited to, those relating to CIRCOR's future performance, including the performance of the Schroedahl acquisition.
Actual
events, performance or results could differ materially from the anticipated events, performance or results expressed or implied
by such forward-looking statements. BEFORE MAKING ANY INVESTMENT DECISIONS REGARDING OUR COMPANY, WE STRONGLY ADVISE YOU TO READ
THE SECTION ENTITLED "RISK FACTORS" IN OUR MOST RECENT ANNUAL REPORT ON FORM 10-K AND SUBSEQUENT REPORTS ON FORMS 10-Q,
WHICH CAN BE ACCESSED UNDER THE "INVESTORS" LINK OF OUR WEBSITE AT WWW.CIRCOR.COM. We undertake no obligation to publicly
update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
The use of EBITDA, or earnings before interest, taxes, depreciation
and amortization,
is a non-GAAP financial measure. CIRCOR believes that such information provides an additional measurement
and consistent historical comparison of the Company's performance.
About CIRCOR International, Inc.
CIRCOR International, Inc. designs, manufactures and markets
highly engineered products and sub-systems for markets including oil & gas, power generation and aerospace & defense. CIRCOR
has a diversified product portfolio with recognized, market-leading brands that fulfill its customers' unique application
needs. The Company's strategy is to grow organically and through complementary acquisitions; simplify CIRCOR's operations;
achieve world class operational excellence; and attract and retain top industry talent. For more information, visit the Company's
investor relations website at http://investors.circor.com.
Contact:
Rajeev Bhalla
Executive Vice President and Chief Financial Officer
781-270-1210

text:
CIRCOR
INTERNATIONAL, INC.

text: CIRCOR

text: Schroedahl

text:
CIRCOR International,
Inc.

text: Schroedahl

text: Schroedahl

text: Schroedahl

text: CIRCOR

text: Scott Buckhout

text: Schroedahl

text: Schroedahl

text: CIRCOR

text: Schroedahl

text: Marc Schroeder

text: Schroedahl

text: Schroedahl

text: Schroedahl

text: CIRCOR

text:
CIRCOR
INTERNATIONAL, INC.

text: CIRCOR

text: Schroedahl

text: CIRCOR

text: CIRCOR

text: CIRCOR

text: Schroedahl

text: CIRCOR

text: CIRCOR International, Inc.

text: CIRCOR International, Inc.

text: CIRCOR

text: CIRCOR