text:
EX-99.1
2
g22075exv99w1.htm
EX-99.1
exv99w1
Exhibit 99.1
FOR IMMEDIATE RELEASE
FOR FURTHER INFORMATION CONTACT:
Robert D. Stiles
Chief Financial Officer
T: +352 2469 7903
E: robert.stiles@altisource.lu
ALTISOURCE ANNOUNCES ACQUISITION OF
THE MORTGAGE PARTNERSHIP OF AMERICA, L.L.C.
The alliance of Altisource and The Mortgage Partnership of America, L.L.C. (MPA) expands the value
proposition for members of the Lenders One Mortgage Cooperative, managed by MPA, via access to
Altisource's growing suite of origination-oriented services.
Luxembourg
, 12 February 2010 - Altisource Portfolio Solutions (NASDAQ: ASPS) announced today the
acquisition of The Mortgage Partnership of America, L.L.C. (MPA). MPA serves as the manager of the
Lenders One Mortgage Cooperative (Lenders One), a national alliance of mortgage bankers established
in 2000 that consists of more than 155 members that originated more than $75 billion in mortgage
loans during 2009.
The acquisition reflects Altisource's commitment to invest in mortgage services that span the
entire lifecycle of a loan. With the combination of Altisource and MPA, the members of Lenders One
will now benefit from Altisource's delivery model for mortgage services.
"MPA has been, and will continue to be, dedicated to supporting Lenders One's mortgage banking
members as they deliver quality products and services to their customers. As a result of this
focus, Lenders One has evolved into a strong and growing brand with some of the leading independent
mortgage bankers in the country" said William B. Shepro, Chief Executive Officer of Altisource.
"We are convinced that through the combination of Altisource and MPA, we will be able to offer an
improved capital market and loan execution strategy adaptable by each member that will ultimately
drive members' loan volumes, lower members' costs and make members' loans worth more".
"The alignment with Altisource is the next logical step to unlock more value for our members" said
Scott Stern, Chief Executive Officer of Lenders One. He noted, "We will continue to work closely
with our members, now with the resources of Altisource supporting us, to create, facilitate and
implement services designed to ultimately make our members more competitive in the mortgage loan
origination marketplace".
William B. Shepro added, "With the acquisition of MPA, we take a significant step in our evolution
in becoming a full service provider in the mortgage services vertical".
Altisource will retain MPA's leadership and team. Consideration for the transaction consisted of
cash, paid from available funds, and less than 5% of the shares of Altisource. Other terms of the
deal were not disclosed.
MPA was advised on the transaction by its financial advisor, Milestone Advisors.
About Altisource:
Altisource Portfolio Solutions S.A. (NASDAQ: ASPS) is a provider of services focused on high value,
knowledge-based functions principally related to real estate and mortgage portfolio management,
asset recovery and customer relationship management. Utilizing our integrated technology that
includes decision models and behavioral based scripting engines, we provide solutions that improve
our clients' performance and maximize their returns. Additional information is available at
www.altisource.com
.
Forward Looking Statements:
This release contains forward-looking statements. These statements may be identified by the use of
forward-looking terminology including words such as "except", "should", "could", "shall", and
similar expressions. These statements involve a number of risks and uncertainties including the
difficulty in predicting the acceptance of our services by members of Lenders One Mortgage
Cooperative, as well as other factors noted in our Form 10 and subsequent SEC filings. We caution
that such forward-looking statements are qualified and involve risks and uncertainties that could
cause actual results and events to differ materially from what is contemplated by the
forward-looking statements. Altisource disclaims any intention or obligation to publicly update or
revise any forward-looking statements, whether as a result of new information, future events or
otherwise.
###

text: Robert D. Stiles

text: ALTISOURCE

text: Altisource

text: Altisource

text: Altisource Portfolio Solutions

text: Altisource

text: Altisource

text: Altisource

text: William B. Shepro

text: Altisource

text: Altisource

text: Altisource

text: Scott Stern

text: Altisource

text: William B. Shepro

text: Altisource

text: Altisource

text: Milestone Advisors

text: Altisource

text: Altisource Portfolio Solutions

text: Altisource


dataset: buster

text:
EX-99.1
5
ea148505ex99-1_massroots.htm
PRESS RELEASE
Exhibit 99.1
MassRoots
Closes Acquisition of Empire Services, Inc.
As
a result of the Empire acquisition, MassRoots has shifted its business focus and plans to apply to uplist to a national exchange in the
coming weeks
(Norfolk, VA) October 1, 2021 -- MassRoots, Inc. ("MassRoots"
or the "Company") (OTCPink:MSRT) is pleased to report it has closed and taken effective its acquisition of Empire Services,
Inc. ("Empire"). As a result of the Empire acquisition, the Company now operates 10 metal recycling facilities across Virginia
and North Carolina and generates tens of millions of dollars in annual revenue.
In the coming weeks, the Company intends to apply to uplist to the
Nasdaq Capital Market or the NYSE American Market, which MassRoots believes would result in a significant increase in visibility, liquidity,
and institutional interest for its stock.
"I believe this is a new beginning for MassRoots and under my leadership, we plan to focus on aggressively growing the Company's
revenues and expanding its sources of income", stated Danny Meeks, Chairman and Chief Executive Officer of MassRoots. "Empire
has been a leader in its industry since 2002 and our playbook has thrived through nearly every economic climate and a global pandemic.
I look forward to applying my experience and working tirelessly on behalf of the over 30,000 loyal and supportive MassRoots shareholders".
"While we will always appreciate our roots and community, MassRoots
is now entirely focused on the commodities market", stated Isaac Dietrich, Chief Information Officer of MassRoots. "We believe
our significant experience in building and scaling technology systems will help create a defining competitive advantage for Empire".
In May 2021, MassRoots amended its Series X and Series Y Preferred
Shares to prohibit conversions until November 30, 2022 and has significantly improved its capitalization structure. Additionally, MassRoots
has entered into a settlement agreement with Iroquois Master Fund, Ltd. which is expected to result in the dismissal of the litigation
and arbitration between the two parties.
About MassRoots
MassRoots, Inc. (OTC Pink: MSRT), through its wholly owned subsidiary
Empire Services, Inc. ("Empire"), is a leading operator of 10 metal recycling facilities in Virginia and North Carolina. Empire
was founded in 2002 and has approximately 65 employees as of October 2021.
Forward-looking Statements
This press release
contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform
Act of 1995. These include, without limitation, statements about expected closing of Empire acquisition, the future revenues of
the Company, the appointment of new directors, and the listing on a senior exchange. These statements are identified by the use of the
words "could", "believe", "anticipate", "intend", "estimate", "expect", "may,"
"continue", "predict", "potential", "project" and similar expressions that are intended to identify
forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue
reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in
or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or
intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control)
and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections.
Actual results to differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate
significantly. Forward-looking statements also are affected by the risk factors described in our filings with the U.S. Securities and
Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements,
whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the
occurrence of unanticipated events.
Source: MassRoots, Inc.
Contact Info:
Isaac Dietrich
(303) 816-8070
Isaac@MassRoots.com

label: organization

text: MassRoots

text: Empire Services, Inc.

text: Empire

text: MassRoots

text: MassRoots, Inc.

text: MassRoots

text:
Empire Services,
Inc.

text: Empire

text: Empire

text: MassRoots

text: MassRoots

label: person

text: Danny Meeks

text: MassRoots

text: Empire

text: MassRoots

text: MassRoots

text: MassRoots

text: Empire

text: MassRoots

text: MassRoots

text: MassRoots

text: MassRoots, Inc.

text: Empire Services, Inc.

text: Empire

text: Empire

text: Empire

text: MassRoots, 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
2
a17-20721_3ex99d1.htm
EX-99.1
EXHIBIT 99.1
Evolving Systems Completes Acquisition of Lumata
Transaction Expands Customer Value Management Portfolio with Innovative Loyalty Program Technology and New European Customer Accounts
ENGLEWOOD, Colorado, September 7, 2017
- Evolving Systems, Inc. (NASDAQ: EVOL), a leader in real-time analytics, customer acquisition and customer value management solutions and services, today announced it has completed the acquisition of the business operating units of Lumata Holdings Ltd. (Lumata).
Lumata is a leading global provider of real-time, next generation loyalty and customer lifecycle management software and services that helps businesses gain value from their customer data for relevant and contextual insights and actions of value to both customers and enterprises. Its customers include mobile operators like Orange, Telefonica and other Tier-1 and emerging operators in Europe and around the world. The acquisition is expected to be accretive to Evolving Systems' operations once the integration of the business is completed by year-end 2017.
"We are excited to have completed this acquisition as it further reinforces our commitment to the customer acquisition and customer value management (CVM) domains that we built through the acquisitions of Sixth Sense Media and more recently, Business Logic Systems. Lumata's value lies in its patented technology, industry expertise and strong customer relationships, in particular, those across Western Europe", said Thomas Thekkethala, Chief Executive Officer of Evolving Systems. "Led by the explosive growth in mobile, the next generation of CVM is moving beyond traditional CRM and points based loyalty systems to highly personalized and contextual, real-time, omni-channel consumer engagement in multiple verticals including telecom, finance, and retail".
The acquisition of Lumata is another milestone in Evolving Systems' transformation from its position as a market leader in customer acquisition, development and retention serving the telecommunication industry. Through the growth of its CVM technology and portfolio, Evolving Systems is positioned to be a next-generation mobile consumer engagement solutions accelerator across multiple industry verticals.
About Evolving Systems®
Evolving Systems, Inc. (NASDAQ: EVOL) is a provider of software and services for connected mobile devices to over 90 network operators in 66 countries worldwide. The Company's portfolio includes market-leading solutions and services for
real-time analytics, customer acquisition and customer value management. Founded in 1985, the Company has its headquarters in Englewood, Colorado, with offices in the United States, United Kingdom, India, Malaysia and Romania. For more information please visit www.evolving.com or follow us on Twitter at http://twitter.com/EvolvingSystems.
CAUTIONARY STATEMENT
This news release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, based on current expectations, estimates and projections that are subject to risk. Specifically, statements about the impact of the Lumata acquisition and the Company's ability to integrate the acquisition are forward-looking statements. These statements are based on our expectations and are naturally subject to uncertainty and changes in circumstances. Readers should not place undue reliance on these forward-looking statements, and the Company may not undertake to update these statements. Actual results could vary materially from these expectations. For a more extensive discussion of Evolving Systems' business, and important factors that could cause actual results to differ materially from those contained in the forward-looking statements, please refer to the Company's Form 10-K filed with the SEC on March 28, 2017; Forms 10-Q, 10-Q/A, 8-K and 8-K/A; press releases and the Company's website.
Investor Relations Contact:
Michael Glickman
Senior Vice President, Investor Relations
GW Communications (for Evolving Systems)
Tel: (917) 397-2272
Email: mglickman@GWCco.com

text: Evolving Systems

text: Lumata

text: Evolving Systems, Inc.

text: Lumata Holdings Ltd.

text: Lumata

text: Lumata

text: Evolving Systems

text: Lumata

text: Thomas Thekkethala

text: Evolving Systems

text: Lumata

text: Evolving Systems

text: Evolving Systems

text: Evolving Systems

text: Evolving Systems, Inc.

text: Lumata

text: Evolving Systems

text: Evolving Systems


text:
EX-99.2
10
exhibit99-2.htm
Filed by Automated Filing Services Inc. (604) 609-0244 - Searchlight Minerals Corp. - Exhibit 99.2
SEARCHLIGHT MINERALS CORP. ACQUIRES 100% OF CLARKDALE
SLAG
PROJECT
HENDERSON, Nevada (February 16, 2007) -- Searchlight Minerals
Corp. (OTC BB: SRCH) (the "Company"), a dynamic mineral exploration
company focused on the acquisition and development of projects in the southwestern
United States, today announced that it has completed the acquisition of Transylvania
International, Inc. ("TI") from Verde River Iron Company, LLC ("VRIC").
The acquisition was completed by way of a merger of TI with the Company's
wholly owned subsidiary Clarkdale Minerals LLC in accordance with the terms
of a letter agreement between VRIC and the Company dated November 22, 2006,
as amended February 15, 2007, and an agreement and plan of merger dated February
15, 2007 between the parties and Clarkdale Minerals LLC.
Pursuant to the terms of the acquisition, as amended, the Company
agreed, among other things, to:
(i) make a payment of $10,100,000 in
cash to VRIC;
(ii) issue 16,825,000 restricted shares
of the Company's common stock;
(iii) agree to pay VRIC $30,000 per
month until the project funding date (as defined in the agreement);
(iv) agree to pay $6,400,000 to VRIC
on the project funding date;
(v) grant VRIC a Net Smelter Royalty
consisting of 2.5% of future production from the Clarkdale Slag Project subject
to certain advance royalty payments ($500,000 per year for 10 years as a minimum
payment); and
(vi) agree to pay $3,500,000 to VRIC
upon initial production of the project. TI holds the title to the property underlying
the Company's Clarkdale Slag Project in northwestern Arizona.
The final purchase price for TI was increased from the price announced by press
release initially on November 27, 2006 by an additional $100,000 in cash and
825,000 restricted shares of common stock, due to the inclusion of an additional
approximately 600 acres of land and a commercial building in downtown Clarkdale,
Arizona in the acquisition.
"This is a monumental achievement for Searchlight Minerals Corp.,"
stated Ian McNeil, Chief Executive Officer of the Company. "We are very
pleased to welcome the VRIC partners to our family of shareholders. The Company
believes it is now well positioned to proceed with an aggressive construction
and development program at Clarkdale. The acquisition of an additional 600 acres
of land in the final transaction with VRIC will provide greater flexibility
in the design and operation of the project, and our goal is to bring Clarkdale
into production as soon as possible".
About Searchlight Minerals Corp.
Searchlight Minerals Corp. is a dynamic mineral exploration company
focused on the acquisition and development of projects in the southwestern United
States. The Company is currently involved in two projects: (1) the Clarkdale
Slag Project, located in Clarkdale, Arizona which seeks to recover precious
and base metals from the reprocessing of slag material produced from the smelting
of copper ores from former mines in the Jerome, Arizona area; and (2) the Searchlight
Gold Project, which involves exploration for precious metals on mining claims
near Searchlight, Nevada. The Clarkdale Project is the more advanced of two
ongoing projects that the Company is pursuing. The Searchlight Gold Project
is an early-stage gold exploration endeavor on 3,200 acres located approximately
50 miles south of Las Vegas, Nevada.
Searchlight Minerals Corp. is headquartered in Henderson,
Nevada, and its common stock is listed on the OTC Bulletin Board under the
symbol "SRCH". For further details, please visit the Company's website at
www.searchlightminerals.com
or contact the Investors Relations Department
at:
Ph: (702) 939-5247
Fax: (702) 939-5249
email:
ir@searchlightminerals.com
Forward-Looking Statements
This Press Release may contain, in addition to historical
information, 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. Statements in this news release that are
forward-looking statements are subject to various risks and uncertainties
concerning the specific factors disclosed under the heading "Risk Factors" and
elsewhere in the Company's periodic filings with the U.S. Securities and
Exchange Commission. When used in this news release, the words such as "could,"
"plan", "estimate", "expect", "intend", "may", "potential", "should", and
similar expressions, are forward-looking statements. The risk factors that could
cause actual results to differ from these forward-looking statements include,
but are not restricted to the Company's limited operating history, uncertainties
about the availability of additional financing, geological or mechanical
difficulties affecting the Company's planned geological work programs,
uncertainty of estimates of mineralized material, operational risk,
environmental risk, financial risk, currency risk, dependence on joint venture
partners and other statements that are not historical facts as disclosed under
the heading "Risk Factors" and elsewhere in the Company's periodic filings with
securities regulators in the United States.

text: Searchlight Minerals Corp.

text: SEARCHLIGHT MINERALS CORP.

text:
Searchlight Minerals
Corp.

text:
Transylvania
International, Inc.

text: Verde River Iron Company, LLC

text: Searchlight Minerals Corp.

text: Searchlight Minerals Corp.

text: Searchlight Minerals Corp.

text: Searchlight Minerals Corp.


text:
EX-99.1
4
v069767_ex99-1.htm
exhibit
99.1
Press
Release
SOURCE:
GameTech International, Inc.
GameTech
Acquires Summit Amusement & Distributing
RENO,
Nev., March 28, 2007, GameTech International, Inc. (NASDAQ: GMTC), a leading
designer, developer and marketer of electronic bingo equipment and bingo
systems, today acquired the assets of Summit Amusement & Distributing, Ltd.
("Summit"). The transaction was completed pursuant to the previously announced
asset purchase agreement, dated August 30, 2006.
Summit,
located in Billings, Montana, will operate as a division of GameTech
International. Summit is a leading developer and manufacturer of entertainment
driven gaming devices, including video lottery terminal equipment and
traditional Class III gaming machines. Summit's primary markets include Montana,
Louisiana, South Dakota, West Virginia and Native American casinos.
"We
feel
that Summit's and our two business models are very complimentary and will
support our overall business growth" stated Jay Meilstrup, GameTech's President
and Chief Executive Officer. "This
acquisition will provide GameTech with the opportunity to significantly expand
its product offerings and market presence".
Additional
information about the acquisition and financing for the acquisition is contained
in GameTech's Form 8-K filed concurrently with the issuance of this press
release.
GameTech
International, Inc. is the predominant supplier of a comprehensive line of
electronic bingo equipment. The Company is an innovator in advanced wireless
gaming applications and devices, bingo gaming systems, and bingo related
products. GameTech offers the most comprehensive product line to its customers
in the United States, Canada, the U.K., and Mexico. GameTech's product line
includes portable bingo terminals and fixed base terminals, wireless gaming
products, point of sale bingo systems, as well as complete back-office systems.
GameTech partners with its customers to provide products that increase play,
revenues and profits, while delivering software customized to enhance management
and operations. GameTech is the premier supplier of service in the
industry.
Statements
contained in this press release that are not historical facts are intended
to be
forward-looking statements subject to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Such forward-looking statements
include the potential effects of our acquisition of Summit's assets, our
potential expansion of business domestically and internationally, new product
and product feature developments, and expectations of the financial results
and
operating results of the Company. GameTech cautions that these statements are
qualified by important factors that could cause actual results to differ
materially from those reflected by the forward-looking statements contained
herein. Such factors include our ability to successfully integrate and grow
Summit's business, our dependence on the bingo and video lottery terminal
business, risks associated with rapid technological change, and those other
factors disclosed in documents filed by the Company with the Securities and
Exchange Commission, including the Company's most recently filed Annual Report
on Form 10-K.

text: GameTech International, Inc.

text: Summit Amusement & Distributing

text: GameTech International, Inc.

text: Summit Amusement & Distributing, Ltd.

text:
GameTech
International, Inc.


text:
EX-99.1
2
ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
K-TRON
INTERNATIONAL, INC.
NEWS
Routes
55 & 553, PO Box 888
Pitman,
NJ 08071-0888
(856)
589-0500
FAX
(856) 582-7968
www.ktron.com
E-mail:
ktii@ktron.com
For
Release:
Immediately
Contact:
Ronald
Remick, Senior Vice President and Chief Financial
Officer
Tel:
(856) 256-3311
E-mail:
remick@ktron.com
K-TRON
ACQUIRES GUNDLACH BUSINESS
Pitman,
New Jersey - - March 6, 2006
-
-
K-Tron International, Inc. (NASDAQ-KTII) today announced the acquisition of
all
of the stock of privately-held J.M.J. Industries, Inc., which operates its
business under the trade name Gundlach. The purchase price was $9,154,500,
of
which $6,154,500 was paid in cash and $3,000,000 by delivery of an unsecured,
promissory note bearing interest at 5% per annum and payable in three equal,
annual installments of $1,000,000 on March 3 in each of 2008, 2009 and 2010.
K-Tron also paid off all of the acquired company's bank debt, which amounted to
approximately $1,347,000. K-Tron did not borrow any money in connection with
either the acquisition or the payoff of the bank debt.
Gundlach,
which has manufacturing and office facilities in Belleville, Illinois near
St.
Louis, is a leading manufacturer of size reduction equipment for the coal mining
industry. Tracing the origins of its business back to 1923, Gundlach is best
known for its single and two-stage double roll crushers which crush coal at
the
mine mouth and the preparation plant. Gundlach roll crushers, cage mills and
other equipment also are used to crush coal and other minerals in coal-fired
power stations, salt processing plants, fertilizer manufacturing facilities
and
other industrial applications. Replacement parts sales are an important part
of
the business since Gundlach has a large installed base of
equipment.
Top
management of Gundlach is expected to remain following the acquisition,
including Tom Dinges, the President and Chief Operating Officer. Ted Gundlach,
the Chairman and Chief Executive Officer, will serve as Chairman of the Board
of
the acquired company and as a consultant.
Commenting
on the acquisition, K-Tron Chairman and Chief Executive Officer Edward B.
Cloues, II said, "The acquisition of Gundlach significantly expands the scope of
K-Tron's activities in the coal supply chain, from size-reducing coal at the
coal mine, where Gundlach is a leader, to further crushing it at the coal-fired
power plant, where our Pennsylvania Crusher Corporation subsidiary is a leader.
The combination of these two premier names and businesses should create new
opportunities for each company and should also strengthen our position in the
important
and growing Chinese mining and coal-fired power station markets." Ted Gundlach,
Chairman
and Chief Executive Officer of Gundlach, added "We view the fit of our
Gundlach
business
with K-Tron as being a good one for our company and our employees, and we are
enthusiastic about the opportunities which it presents".
While
indicating that K-Tron does not intend to provide guidance to the market with
respect to future earnings, Mr. Cloues said that he expects the acquisition
of
Gundlach to be accretive to K-Tron's earnings and cash flow per share in
2006.
K-Tron
International, Inc. and its subsidiaries design, produce, market and service
material handling equipment and systems for a wide variety of industrial
markets. The Company has manufacturing facilities in the United States,
Switzerland and the United Kingdom, and its equipment is sold throughout the
world.
*
* * *
*
This
news release contains statements that are or may be deemed forward-looking
relating to the acquisition of Gundlach, including the retention of top
management of Gundlach, its and the Company's future prospects and
opportunities, including in the Chinese market, Gundlach's expected contribution
to the Company's 2006 earnings and cash flow per share and related matters,
which statements involve a number of risks and uncertainties. Important factors
that could cause actual results to differ materially from those indicated or
suggested by such forward-looking statements include the possibility of reduced
demand for Gundlach's equipment, the failure of bookings for new equipment and
replacement parts to be received as currently anticipated, and the possibility
that future economic and business conditions will be less favorable than the
Company currently expects. Recipients of this news release are cautioned to
consider these risks and uncertainties and to not place undue reliance on the
forward-looking statements contained herein. Except as required by applicable
securities laws, the Company does not intend to update its forward-looking
statements.
2

text:
K-TRON
INTERNATIONAL, INC.

text: K-TRON

text: GUNDLACH

text: K-Tron International, Inc.

text: Gundlach

text: K-Tron

text: K-Tron

text: Gundlach

text: Gundlach

text: Gundlach

text: Gundlach

text: Gundlach

text: Gundlach

text: K-Tron

text: Gundlach

text: K-Tron

text: Gundlach

text: Gundlach

text: Gundlach

text: Gundlach

text: K-Tron

text: K-Tron

text: Gundlach

text: K-Tron

text:
K-Tron
International, Inc.

text: Gundlach

text: Gundlach

text: Gundlach

text: Gundlach


text:
EX-99.1
5
a15-20096_1ex99d1.htm
EX-99.1
Exhibit 99.1
Antero Announces Closing of Water Business Dropdown Transaction and Private Placement of Common Units
Denver, Colorado, September 24, 2015-
Antero Midstream Partners LP (NYSE: AM) ("Antero Midstream" or the "Partnership") and Antero Resources Corporation (NYSE: AR) ("Antero Resources" or the "Company") jointly announced today the closing of the previously announced $1.05 billion water business drop down transaction, private placement of 12,898,000 Antero Midstream common units to a group of institutional investors, and net issuance of 10,988,421 Antero Midstream common units to Antero Resources.
Transaction Summary
In connection with the $1.05 billion transaction, the Partnership paid Antero Resources $552 million in cash and issued 23,886,421 common units representing limited partner interests in the Partnership to Antero Resources. Additionally, gross proceeds of $243 million from the Partnership's private issuance of 12,898,000 common units have been paid to Antero Resources while the 23,886,421 of common units issued to Antero Resources has been reduced by the 12,898,000 common units issued in the private placement. Antero Resources now owns 116,870,335 combined common and subordinated units, representing approximately 66.5% of the outstanding limited partner interests in Antero Midstream.
The securities offered in the private placement have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities described above.
Transaction Highlights and Impact - Antero Midstream
The transaction is expected to be accretive to distributable cash flow per unit and the purchase price represents an 8.5x to 9.0x multiple on projected 2016 EBITDA for the water business. The Partnership's credit facility capacity was increased by $500 million to a total of $1.5 billion with the completion of the transaction. Pro-forma for the transaction, Antero Midstream would have had $439 million in total debt and almost $1.1 billion of availability under its revolving credit facility as of June 30, 2015.
Antero Midstream Pro Forma Debt Capitalization
(in thousands)
Historical
Pro Forma
Pro Forma
June 30, 2015
Adjustments
June 30, 2015
Cash and cash equivalents
$
112,867
$
(112,867
)
$
-
Revolving credit facility
$
-
$
439,583
$
439,583
Total debt
$
-
$
439,583
$
439,583
Transaction Highlights and Impact - Antero Resources
The total cash consideration paid by Antero Midstream to Antero Resources was $794 million plus a total of $250 million of potential earn out payments at the end of 2019 and 2020, contingent on meeting specific average fresh water delivery volume thresholds. Transaction proceeds have been used by Antero Resources to repay revolving credit facility borrowings. On a standalone basis, and pro forma for the transaction, Antero Resources would have had approximately $3.7 billion of total debt and $3.2 billion of liquidity as of June 30, 2015.
Antero Resources Standalone Pro Forma Debt Capitalization
(in thousands)
Historical
Pro Forma
Pro Forma
June 30, 2015
Adjustments
June 30, 2015
Cash and cash equivalents
$
30,419
$
-
$
30,419
Revolving credit facility
$
1,118,000
$
(793,626
)
$
324,374
Senior notes
3,382,038
-
3,382,038
Total debt
$
4,500,038
$
(793,626
)
$
3,706,412
Antero Resources is an independent natural gas and oil company engaged in the acquisition, development and production of unconventional liquids-rich natural gas properties located in the Appalachian Basin in West Virginia, Ohio and Pennsylvania. The Company's website is located at
www.anteroresources.com
.
Antero Midstream Partners LP is a limited partnership that owns, operates and develops midstream gathering and compression, as well as integrated water assets that service Antero Resources' production located in the Appalachian Basin in West Virginia, Ohio and Pennsylvania. The Partnership's website is located at www.anteromidstream.com.
For more information, contact Michael Kennedy - VP Finance, at (303) 357-6782 or mkennedy@anteroresources.com
.
2

text: Antero Midstream

text: Antero Midstream

text: Antero Resources

text: Antero Resources

text: Antero Midstream

text: Antero Midstream

text: Antero Resources

text: Antero Resources

text: Antero Resources

text: Antero Resources

text: Antero Resources

text: Antero Resources

text: Antero Midstream

text: Antero Midstream

text: Antero Midstream

text: Antero Midstream

text: Antero Resources

text: Antero Midstream

text: Antero Resources

text: Antero Resources

text: Antero Resources

text: Antero Resources

text: Antero Resources

text: Antero Midstream

text: Antero Resources


text:
EX-99
5
exhibit991.htm
EXHIBIT 99.1 - PRESS RELEASE
NEWS RELEASE
2350 N. Sam Houston Parkway East
Suite 300
Houston, Texas 77032
(281) 618-4700 Fax: (281) 618-4820
NEWS RELEASE
SOUTHWESTERN ENERGY ANNOUNCES SALE OF 25% INTEREST IN
THE NOARK PIPELINE SYSTEM
Houston, Texas - May 1, 2006...Southwestern Energy Company (NYSE: SWN) today announced that it has entered into an agreement to sell its 25% minority interest in the NOARK Pipeline System, Limited Partnership ("NOARK") to Atlas Pipeline Partners, L.P. (NYSE: APL). The company will realize gross proceeds of $69.0 million from the sale of the company's interest in NOARK. In connection with the sale, Southwestern will directly assume $39.0 million of partnership debt related to its ownership interest in NOARK and for which it is also the sole guarantor. The transaction is expected to close in the second quarter.
NOARK owns Ozark Gas Transmission, L.L.C. ("OGT"), which operates a FERC-regulated interstate pipeline extending from eastern Oklahoma through central and northeastern Arkansas and into Missouri as well as Ozark Gas Gathering, L.L.C., which is an unregulated gas gathering pipeline in Oklahoma and Arkansas. In April 2006, Southwestern's Midstream operations entered into a three-year firm transportation arrangement with OGT to transport volumes increasing to 175,000 MMBtu per day in the later stages of the contract.
"We are very pleased with the sale of our minority interest in NOARK and plan to utilize the sale proceeds to help fund our 2006 capital investment program", stated Harold M. Korell, President and Chief Executive Officer of Southwestern Energy.
Southwestern Energy Company is an integrated natural gas company whose wholly-owned subsidiaries are engaged in oil and gas exploration and production, natural gas gathering, marketing, and natural gas distribution. Additional information on the company can be found on the Internet at
http://www.swn.com
.
Contacts:
Greg D. Kerley
Brad D. Sylvester, CFA
Executive Vice President
Manager, Investor Relations
and Chief Financial Officer
(281) 618-4897
(281) 618-4803
All statements, other than historical financial information, may be deemed to be 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. All statements that address activities, outcomes and other matters that should or may occur in the future, including, without limitation, statements regarding the financial position, business strategy, production and reserve growth and other plans and objectives for the company's future operations, are forward-looking statements. Although the company
- MORE -
believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. The company has no obligation and makes no undertaking to publicly update or revise any forward-looking statements. You should not place undue reliance on forward-looking statements. They are subject to known and unknown risks, uncertainties and other factors that may affect the company's operations, markets, products, services and prices and cause its actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. In addition to any assumptions and other factors referred to specifically in connection with forward-looking statements, risks, uncertainties and factors that could cause the company's actual results to differ materially from those indicated in any forward-looking statement include, but are not limited to: the timing and extent of changes in commodity prices for natural gas and oil; the timing and extent of the company's success in discovering, developing, producing and estimating reserves; the extent to which the Fayetteville Shale play can replicate the results of other productive shale gas plays; the potential for significant variability in reservoir characteristics of the Fayetteville Shale over such a large acreage position; the extent of the company's success in drilling and completing horizontal wells; the company's ability to determine the most effective and economic fracture stimulation for the Fayetteville Shale formation; the company's lack of experience owning and operating drilling rigs; the company's ability to fund its planned capital expenditures; future property acquisition or divestiture activities; the effects of weather and regulation on the company's gas distribution segment; increased competition; the impact of federal, state and local government regulation; the financial impact of accounting regulations and critical accounting policies; changing market conditions and prices (including regional basis differentials); the comparative cost of alternative fuels; conditions in capital markets and changes in interest rates; the availability of oil field personnel, services, drilling rigs and other equipment; and any other factors listed in the reports we have filed and may file with the Securities and Exchange Commission (SEC). For additional information with respect to certain of these and other factors, see reports filed by the company with the SEC. The company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
# # #
- MORE -

text: SOUTHWESTERN ENERGY

text: Southwestern Energy Company

text: Atlas Pipeline Partners, L.P.

override: organization

text: Harold M. Korell

text: Southwestern Energy

text: Southwestern Energy Company


text:
EX-99.1
4
v341407_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
April 16, 2013
Net Element International Completes Acquisition
of Unified Payments, a Provider of Payment Services Recognized by Inc. Magazine as the Fastest-Growing Private Company in the U.S.
in 2012
Acquisition Broadens Net Element International's
Suite of Payment Processing Solutions and Positions the Company for Continued Global Growth
MIAMI--(BUSINESS WIRE)-- Net Element International (NASDAQ:
NETE), a technology-driven group specializing in electronic commerce and mobile payment processing today announced that it has
completed the acquisition of Unified Payments, a provider of transaction processing services and payment-enabling technologies
that was recognized by Inc. Magazine as the fastest-growing private company in the U.S. in 2012. Unified Payments is a socially
responsible provider of payment services across the United States, processing in excess of $10 billion in volume between 2010-2013.
The acquisition positions and diversifies Net Element International's
mobile payments business and creates a new platform division "TOT Group, Inc.", with focus on global mobile payments
and transaction processing markets. Net Element International has already initiated the integration and localization of Unified
Payments' products and services in Russia and other emerging markets and will now reap the benefits of Unified Payments'
market penetration in the U.S.
The global volume of non-cash payments continues to show healthy
growth, with the largest gain in volumes occurring in developing markets, according to a report by Capgemini. The market for mobile
payments is estimated to grow to $1.3 trillion annually by 2017 (Juniper Research). The completion of the Unified Payments acquisition
positions Net Element International's TOT Group to maximize the benefits of a significant growth market opportunity.
Both companies consider the closing of this transaction a mutually
beneficial achievement that will create a powerful, focused and innovative force in the mobile and transaction processing markets.
Their robust global networks and top-tier business relationships, combined with their shared commitment to payment technology innovation,
are expected to result in a dynamic entity facilitating the spread of Net Element International's technology and business
to a broader range of users in Russia and other emerging markets while expanding and diversifying its business base in North America.
"The acquisition of Unified Payments was motivated by
their remarkable growth and market penetration. By tapping into their cultural DNA, we expect to see benefits across the entire
organization", said Net Element International Chairman Kenges Rakishev. "In the short amount of time we have been collaborating
we have discovered unanticipated opportunities and Net Element is leveraging its deep industry relationships in Russia and Commonwealth
of Independent States markets to introduce Unified Payments' business model and technologies in these growth markets. The combination
of these two cutting-edge companies resulting in the formation of TOT Group is expected to build a strong, technology-driven company
in the worldwide mobile and transaction processing markets".
Oleg Firer, co-founder and executive chairman of Unified Payments,
added: "Unified Payments and Net Element International share a common vision and ambition to discover new possibilities in
the world of payment processing. The Russian market, as well as the CIS region, embodies huge potential but success is dependent
on knowledge and relationships. The Net Element team has demonstrated success in cultivating relationships and succeeding in these
high-growth markets".
Firer has been appointed to the positions of Chief Executive
Officer and a director of Net Element International, with Steven Wolberg joining Net Element International as Secretary and Chief
Legal Officer, and Tim Greenfield, Net Element International's president of mobile commerce and payment processing, is contemplated
to become President of Corporate Development of TOT Group. Ivan Onuchin will remain as Chief Technology Officer and Jonathan New
will remain as Chief Financial Officer of Net Element International. Francesco Piovanetti, Net Element International's current
Chief Executive Officer and a director, has stepped down from those positions and will become a consultant to the company.
Unified Payments' employees will become employees of a
newly created subsidiary of TOT Group.
About Net Element International (NETE)
Net Element International (NETE) is a global technology-driven
group specializing in electronic commerce, mobile payments and transactional services. The company owns and operates a global mobile
payments and transaction processing provider, TOT Group, as well as several popular content monetization verticals. Together with
its subsidiaries, Net Element International enables ecommerce and content-management companies to monetize their assets in ecommerce
and mobile commerce environments. Its global development centers and high-level business relationships in the United States, Russia
and Commonwealth of Independent States strategically position the company for continued growth. The company has U.S. headquarters
in Miami and international headquarters in Moscow. More information is available at www.netelement.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. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking
statements. Words such as "potential", "continued", "will", "may", "could,"
"should", "expect", "expected", "plans", "intend", "anticipate,"
"believe", "estimate", "predict", "potential", and similar expressions are intended
to identify such forward-looking statements. These forward-looking statements include, without limitation, the extent that the
acquisition of Unified Payments positions or diversifies Net Element International's mobile payments business; the extent
that Unified Payments' products and services are successfully integrated in Russia or other emerging markets; the extent
that Net Element International benefits from Unified Payments' market penetration in the United States; the extent that Net
Element International recognizes other benefits from its acquisition of Unified Payments or benefits from opportunities in the
payment processing markets; the extent that the acquisition of Unified Payments facilitates the spread of Net Element International's
technology and business to a broader range of users in Russia and other emerging markets; the extent that the acquisition of Unified
Payments expands and diversifies Net Element International's business base in North America; the extent that Unified Payments'
business model or technologies are successfully introduced in Russia, Commonwealth of Independent States markets or other emerging
markets; and whether Net Element International or its business continues to grow. All forward-looking statements involve significant
risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking
statements, many of which are generally outside the control of Net Element International and are difficult to predict. Examples
of such risks and uncertainties include, but are not limited to: (i) the impact of Net Element International's acquisition
of Unified Payments on the markets for Net Element International's and its subsidiaries' products and services and
on the markets for Unified Payments' products and services; (ii) the employees of Net Element International and Unified Payments
not being integrated successfully; (iii) operating costs, unexpected transaction costs and actual or contingent liabilities; (iv)
business disruption following the acquisition, including, without limitation, adverse effects on employee retention and on Net
Element International's and/or Unified Payments' business relationships with third parties; (v) adverse effects on
the financial condition of Net Element International following the acquisition as a result of the assumption of indebtedness of
United Payments; (vi) adverse changes in the performance of the business of Unified Payments; (vii) the future performance of Net
Element International following the closing of the acquisition; and (viii) local, industry and general business and economic conditions.
Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking
statements can be found in the most recent annual report on Form 10-K and the subsequently filed quarterly reports on Form 10-Q
and current reports on Form 8-K filed by Net Element International with the Securities and Exchange Commission. Net Element International
anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Net Element International
assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether
as a result of new information, future events or otherwise, except as expressly required by law.
Source: Net Element
Contact:
Net Element International
Dan Bruck, 305-507-8808
dbruck@netelement.com
www.netelement.com

text: Net Element International

text: Unified Payments

text: Net Element International

text: Net Element International

text: Unified Payments

text: Unified Payments

text: Net Element International

text: Net Element International

text:
Unified
Payments

text: Unified Payments

text: Unified Payments

text: Net Element International

text: Net Element International

text: Unified Payments

text: Net Element International

text: Unified Payments

text: Unified Payments

text: Unified Payments

text: Net Element International

text: Net Element International

text: Net Element International

text: Net Element International

text: Net Element International

text: Net Element International

text: Unified Payments

text: Net Element International

text: Net Element International

text: Net Element International

text: Unified Payments

text: Net Element International

text: Unified Payments

text: Net Element International

text: Unified Payments

text:
Net
Element International

text: Unified Payments

text: Unified Payments

text: Net Element International

text:
Unified
Payments

text: Net Element International

text: Unified Payments

text: Net Element International

text: Net Element International

text: Net Element International

text: Unified Payments

text: Net Element International

text: Unified Payments

text: Net Element International

text: Unified Payments

text:
Net
Element International

text: Unified Payments

text: Net Element International

text: Unified Payments

text:
Net
Element International

text: Net Element International

text: Net Element International

text: Net Element International

text: Net Element International


text:
EX-99.1
2
ex99-1.htm
Exhibit 99.1
WestRock Completes Acquisition of Multi Packaging Solutions
NORCROSS, Ga., June 6, 2017 - WestRock Company (NYSE: WRK), a leading provider of differentiated paper and packaging solutions, today announced the completion of the acquisition of
Multi
Packaging Solutions International Limited (NYSE:MPSX) (MPS).
WestRock refinanced MPS debt as part of the transaction.
"I am excited about our acquisition of MPS, which is an important step in the continuing development of WestRock", said Steve Voorhees, chief executive officer of WestRock. "MPS is a leader in the value-added packaging sector, and the addition of MPS to WestRock strengthens our differentiated portfolio of paper and packaging solutions".
About WestRock
WestRock (NYSE:WRK) partners with our customers to provide differentiated paper and packaging solutions that help them win in the marketplace. WestRock's 45,000 team members support customers around the world from more than 300 operating and business locations spanning North America, South America, Europe and Asia. Learn more at
www.westrock.com
.
WestRock
Investors:
Matt Tractenberg, 470-328-6327
Vice President - Head of Investor Relations
matt.tractenberg@westrock.com
John Stakel, 678-291-7901
Senior Vice President - Treasurer
john.stakel@westrock.com
Media:
Donna Owens Cox, 470-328-6397
Chief Communications Officer
mediainquiries@westrock.com

text: WestRock

text: Multi Packaging Solutions

text: WestRock Company

text: WestRock

text: WestRock

text: Steve Voorhees

text: WestRock

text: WestRock

text: WestRock

text: WestRock

text: WestRock

text: WestRock


text:
EX-99.1
3
ex991to8k12252001_07152020.htm
Exhibit 99.1
IMMEDIATE NEWS RELEASE
SCHMITT PURCHASES AMPLE HILLS CREAMERY, INC
ASSETS
PORTLAND, OR, July 10, 2020 - Schmitt Industries, Inc. (NASDAQ:
SMIT) (the "Company" or "Schmitt") announced today that
it has closed the
acquisition of the assets of Ample Hills Creamery, Inc. and its subsidiaries (collectively, "Ample Hills").
Ample Hills will reopen nine locations in the coming
weeks, rehire Ample Hills team members, and reopen the Red Hook factory in Brooklyn, New York. The investment and hiring plan will
bring the beloved Brooklyn-based ice cream company back to the community and benefit New Yorkers as the city recovers from the
devastation of COVID-19.
"The safety and well-being of our employees
is of the utmost importance as we reopen retail locations in the greater Brooklyn and New York Area. Their engagement with our
loyal customers daily, the excellent flavors and stories built into every pint of ice cream, and the brand's effortless nostalgia
make up this special company", said Michael Zapata, Schmitt's Chief Executive Officer and Chairman. "On behalf
of the Board, we are excited to bring the Ample Hills team back, and we believe our focus on operational efficiency and investing
in the brand will benefit this beloved business and allow us to navigate these unprecedented times as we create a path to long-term
profitability and growth".
Schmitt will provide a strategic update on Ample
Hills in the coming months as we work with the team to relaunch and reopen Ample Hills.
About Schmitt Industries, Inc
Schmitt Industries, Inc., founded in 1987, designs, manufactures
and sells high precision test and measurement products, solutions and services through its Acuity® and Xact® product lines.
Acuity provides laser and white light sensor distance measurement and dimensional sizing products, and our Xact line provides ultrasonic-based
remote tank monitoring products and related monitoring revenues for markets in the Internet of Things environment.
About Ample Hills Acquisition, LLC
Ample Hills Acquisition, LLC, a subsidiary of Schmitt Industries,
Inc., was founded in 2020 to purchase the assets of Ample Hills Creamery, Inc. Ample Hills is a beloved ice cream company based
in Brooklyn, New York with over nine ice cream scoop locations and growing.
Safe Harbor Statement
This document may contain forward-looking statements made pursuant
to the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance and involve
risks and uncertainties that are difficult to predict. Actual outcomes and results may differ materially from what is expressed
or forecasted in such forward-looking statements due to numerous factors. A complete discussion of the risks and uncertainties
that may affect Schmitt's business, including the business of its subsidiary, is included in "Risk Factors" in
the Company's most recent Annual Report on Form 10-K as filed by the Company with the Securities and Exchange Commission.
Contact:
Schmitt Industries, Inc.
Michael R. Zapata
Chief Executive Officer
(503) 227-7908

text: SCHMITT

text: AMPLE HILLS CREAMERY, INC

text: Schmitt Industries, Inc.

text: Schmitt

text: Ample Hills Creamery, Inc.

text: Schmitt

text: Schmitt

text: Schmitt Industries, Inc.

text:
Schmitt Industries,
Inc.

text: Ample Hills Creamery, Inc.

text: Schmitt

text: Schmitt Industries, Inc.

text: Michael R. Zapata


text:
EX-99.1
2
a05-9335_1ex99d1.htm
EX-99.1
Exhibit 99.1
News Release
HealthGate
Media Contact:
HEALTHGATE DATA CORP. SELLS PATIENT
Amanda
Vega
CONTENT REPOSITORY ASSETS TO EBSCO
602-569-9880
PUBLISHING FOR $8.1 MILLION
amanda@amandavega.com
Burlington, MA - May 9, 2005
-HealthGate Data Corp. (HGAT)
announced today that it has sold to EBSCO Publishing, Inc. substantially all of
the assets of HealthGate's patient content repository business for $8.1 million
in cash at closing, plus the assumption of certain liabilities of the business.
HealthGate is
retaining its evidence-based medical guidelines and its Quality Architect™ and
InteractiveIC™ products and services, which HealthGate plans to
continue to develop, market and license to healthcare organizations.
About
HealthGate
HealthGate Data
Corp. (HGAT) is a provider of evidence-based support tools, applications, and
healthcare content that helps healthcare providers and payors improve quality
of care, reduce variability of care, reduce costs, and reduce risk and
liability. HealthGate's evidence-based clinical guidelines are backed by
rigorous and independent medical review supported through its affiliations with
academic medical facilities including Duke University Medical Center,
Vanderbilt University Medical Center, Emory University School of Medicine, and
Oregon Health and Science University.
HealthGate has
recently been awarded a GSA schedule contract. The contract, which went into
effect on October 4, 2004, was awarded under GSA's Federal Supply Schedule
Contract 76 for Publications and Media. HealthGate's GSA schedule contract
number is GS-02F-0001R.
HealthGate is
publicly traded under the symbol of HGAT on the OTC Bulletin Board (OTCBB).
More information on HealthGate can be found at www.healthgate.com.
Forward
Looking Statements
This press release
contains certain statements that are forward-looking within the meaning of the
Private Securities Litigation Reform Act of 1995. HealthGate's actual results
may differ materially from those contemplated by the forward-looking statements.
These forward-looking statements reflect management's current expectations, are
based on many assumptions, and are subject to certain risks and uncertainties,
including, among others: the market for HealthGate's Quality Improvement and
Risk Management Solutions products and services; HealthGate's ability to timely
develop its Quality Architect product and to develop new products and services;
HealthGate's ability to generate sufficient revenues from its evidence-based
medical guidelines, its InteractiveIC product and its other future Quality
Improvement and Risk Management Solutions products and services; HealthGate's
ability to keep up with the rapid technological developments in the health care
industry; unpredictability of quarter-to-quarter results; competition; reliance
on computer systems and software; HealthGate's ability to retain key personnel;
and other risk factors that are described in the periodic reports and other
documents HealthGate files from time to time with the Securities and Exchange Commission.
HealthGate does not intend to update or publicly release any revisions to the
forward-looking statements.
# # #
25 Corporate Drive | Suite 310 | Burlington, MA 01803
| 781-685-4000 | fax 781-685-4050 | www.healthgate.com
©2005 HealthGate, all rights reserved

text: HEALTHGATE DATA CORP.

text: HealthGate Data Corp.

text: EBSCO Publishing, Inc.

text:
HealthGate Data
Corp.


text:
EX-99.1
8
v023610_ex99-1.txt
[LOGO] MicroMed
Cardiovascular, Inc Media Contact: Tammy Pitts
713-580-8289
tpitts@micromedcv.com
MICROMED ANNOUNCES CLOSING OF REVERSE MERGER AND FINANCING
HOUSTON (August 10, 2005) - MicroMed Technology, Inc., a leader in miniaturized
implantable ventricular assist technology, is pleased to announce that it has
completed its previously announced merger with a wholly-owned subsidiary of
Salmon Express, Inc. (OTCBB:SXPI). The combined company has been renamed
MicroMed Cardiovascular, Inc. and will have its shares publicly quoted on the
Pink Sheets Electronic Quotation Services. In connection with the merger,
MicroMed also completed an equity financing through a private placement of $5
million of its common stock by Hunter World Markets, Inc. of Beverly Hills,
California.
"The DeBakey VAD(R) is the result of years of dedication and perseverance to
launch a generation of miniaturized technology designed to help thousands of
victims of heart failure. The merger and concurrent financing will enable us to
move forward as a public company, giving us greater access to the capital
markets and more exposure for our DeBakey VAD technology", said Travis E. Baugh,
President and CEO. "We believe that MicroMed is well positioned with a fully
implantable VAD technology designed to support both adults and children with
heart failure, a devastating and spiraling disease".
About our Technology
MicroMed's initial platform in Heart Failure products is the DeBakey Ventricular
Assist Device (VAD) for the treatment of advanced heart failure. There are
currently 15 Million victims of heart failure worldwide. With less than 1% of
donor organs available for heart transplantation, MicroMed believes that the
DeBakey VAD is a key alternative for this population. The DeBakey VAD represents
a new generation of miniaturized implantable mechanical support. Designed in
collaboration with NASA, the Baylor College of Medicine and Drs. Michael DeBakey
and George Noon, the DeBakey VAD is intended for end-stage heart failure adult
and pediatric patients who can no longer provide necessary blood flow with their
native heart. The proprietary technology is intended to take over virtually all
left ventricular function and concurrently monitor real-time flow parameters.
About MicroMed Cardiovascular, Inc. (MicroMed)
MicroMed currently has two ongoing clinical investigations in over thirty
leading US heart transplant centers to evaluate the safety and effectiveness of
the DeBakey VAD for use as a bridge to heart transplantation and for Destination
Therapy for patients ineligible for heart transplant. The DeBakey VAD system has
been awarded the CE mark for Bridge to Transplant and Destination Therapy for
commercial distribution in Europe. The DeBakey VAD Child, the only fully
implantable VAD approved for use in children, is already commercially released
in the U.S. and is CE mark approved for distribution in Europe. Over 300 adult
and pediatric devices have been implanted. MicroMed's manufacturing facility is
located in Houston, Texas and is ISO 9001 certified.
For more information, visit www.micromedcv.com.
About Hunter World Markets, Inc. (HWM)
Based in Beverly Hills, California Hunter World Markets, Inc. (HWM) is a member
of NASD and SIPC and offers investment banking, investment advisory and
institutional trading to select clients with a diversity of sector and industry
experience, particularly in North American and European markets. HWM has equity
underwriting capabilities that include capital rising through initial public
offerings and private placements. In institutional trading, HWM offers highly
individualized trading services to investment advisors, asset mangers, pension
funds, insurance companies, hedge funds, banks and other institutional
investors, and trades on all major exchanges in North America and Europe through
RBC Dain Rauscher Inc.
This news release contains certain forward-looking statements pertaining to
future anticipated projected plans, performance and developments, as well as
other statements relating to future operations and results. Any statements in
this news release that are not statements of historical fact may be considered
to be forward-looking statements. Written words such as "may", "will", "expect,"
"believe", "anticipate", "estimate", "intends", "goal", "objective", "seek,"
"attempt", or variations of these or similar words, identify forward-looking
statements. These statements by their nature are estimates of future results
only and involve substantial risks and uncertainties. Actual results may differ
materially from those indicated by these forward-looking statements as a result
of various factors including, but not limited to, risks related to: our ability
to obtain additional funding to support our business activities; the early-stage
market for ventricular assist products and services; an expected dramatic rise
in expenses; rapid growth and change in our business; as well as those risks
more fully discussed in the Company's reports filed from time to time with the
Securities and Exchange Commission. In addition, any forward-looking statements
represent our views only as of today and should not be relied upon as
representing its views as of any subsequent date. We do not undertake any
obligation to update any forward-looking statements to reflect events or
circumstances after the date of this release.
# # #

text: MicroMed Technology, Inc.

text: Travis E. Baugh


text:
EX-99.1
7
a17-17998_1ex99d1.htm
EX-99.1
Exhibit 99.1
Paragon Offshore Ltd.
3151 Briarpark Drive
Suite 700 Houston, Texas 77042
PRESS RELEASE
PARAGON OFFSHORE COMPLETES
RESTRUCTURING PLAN AND EMERGES FROM CHAPTER 11
· Eliminates approximately $2.3 billion of debt
· Emerges with approximately $165 MM of available cash and $85 million in debt
· Appoints new board of directors
· Launches CEO search
HOUSTON, July 18, 2017 - Paragon Offshore Ltd. ("
New Paragon
" and the "
company
"), the Cayman Islands successor company to Paragon Offshore plc (in administration) (OTC: PGNPQ, "
Paragon plc
"), announced today that the Paragon Offshore group has successfully completed its corporate and financial reorganization. The plan of reorganization (the "
Plan
") under chapter 11 of the United States Bankruptcy Code substantially de-levers the company's ongoing business, eliminating approximately $2.3 billion of secured and unsecured debt. New Paragon emerges with eight rigs currently operating plus a ninth rig expected to commence operations in August 2017, approximately $165 million of available cash on its balance sheet, and $85 million of new debt.
Mr. Dean E. Taylor, Interim President and Chief Executive Officer of New Paragon, said, "It is with deep satisfaction that we close this chapter of New Paragon's story. With a clean balance sheet and good liquidity, we emerge from bankruptcy as a stronger company-more focused on our core operating areas in the North Sea, Middle East, and India and better positioned to compete in the recovering, but still very challenging, offshore drilling industry. We thank our creditors for working with us to make this new beginning possible, as well as our outgoing board of directors, our employees, our customers, our suppliers, and our advisors. We now look forward to returning our focus to what we do best-providing Safe, Reliable, and Efficient services to our customers".
New Paragon also named a new board of directors with immediate effect. The board members, who were selected by Paragon plc's secured and unsecured creditors following a successful search by Korn Ferry, are:
· Mr. James Swent, a director of Energy XXI Gulf Coast, Inc., and retired Executive Vice President and Chief Financial Officer of ENSCO plc, will serve as Chairman;
· Mr. Mark G. Barberio, a director of Life Storage, Inc., Exide Technologies, and Principal and Founder of Markapital, LLC;
· Mr. Michael Clark, a director of Halcón Resources Corporation and a former Partner and Portfolio Manager at SIR Capital Management LLC;
· Mr. Paul P. Huffard, IV, a director of Vubiq Networks and a former Senior Managing Director in Blackstone's Restructuring and Reorganization Advisory Group;
· Mr. George Sandison, a director of Aspire Holdings LLC and retired Senior Vice President of Global E&P Services for Hess Corporation; and
· Mr. Zaki Selim, a director of Parker Drilling and GlassPoint Solar Inc. and retired President of Schlumberger Oilfield Services - Middle East/Asia.
Korn Ferry is also in the process of conducting a search for a Chief Executive Officer. In the interim, Mr. Taylor will continue in this role.
"We are excited to join the board of a stronger, more secure Paragon", said Mr. Swent on behalf of the incoming board of directors. "Our goal is to assist the company in capitalizing on opportunities to unlock value for Paragon's new shareholders while delivering exemplary services to its customers".
Additional Information
Upon emergence, New Paragon's new equity will not be listed on an exchange, nor will New Paragon file any further reports with the U.S. Securities and Exchange Commission. In connection with the effectiveness of the Plan, the Plan shall deem Paragon plc's existing shares worthless, and Paragon plc will be deregistered from the SEC.
Neville Barry Kahn and David Philip Soden were appointed Joint Administrators of Paragon plc on May 23, 2017. The affairs, business and property of Paragon plc are managed by the Joint Administrators. The Joint Administrators act as agents of Paragon plc and
2
contract without personal liability. In performing their work in relation to this appointment, the Joint Administrators are bound by the U.K. Insolvency Code of Ethics, a link to which has been provided on the website set up for this case at www.deloitte.com/uk/paragonoffshoreplc
Forward-Looking Disclosure Statement
This document contains forward-looking statements. Statements regarding New Paragon's operations and services, its competitive position, liquidity and its balance sheet, the composition of management, ability to create or maximize shareholder value, and the nature of the offshore drilling industry, as well as any other statements that are not historical facts in this release, are forward-looking statements that involve certain risks, uncertainties and assumptions. These include but are not limited to risks associated with the general nature of the oil and gas industry, actions by regulatory authorities, customers and other third parties, and other factors detailed in the "Risk Factors" section of Paragon plc's annual report on Form 10-K for the fiscal year ended December 31, 2016, Paragon plc's most recently filed report on Form 10-Q, and in Paragon plc's other filings with the SEC, which are available free of charge on the SEC's website at www.sec.gov. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated.
About New Paragon
New Paragon is a leading provider of standard specification offshore drilling services. New Paragon's current fleet includes 32 jackups, including two high specification heavy duty/harsh environment jackups, four drillships, and one semisubmersible. New Paragon's primary business is contracting its rigs, related equipment and work crews to conduct oil and gas drilling and workover operations for its exploration and production customers on a dayrate basis around the world. New Paragon's principal executive offices are located in Houston, Texas. New Paragon is a company incorporated in the Cayman Islands with registered number MC-323580, and registered office at c/o Maples Corporate Services Limited, PO Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands. Additional information is available at www.paragonoffshore.com.
For additional information, contact:
For Investors & Media:
Lee M. Ahlstrom
Senior Vice President & Interim Chief Financial Officer
+1.832.783.4040
3

text: Paragon Offshore Ltd.

text: Paragon Offshore Ltd.

text: Paragon Offshore plc

text: Dean E. Taylor

text: James Swent

text: Mark G. Barberio

text: Michael Clark

text: Paul P. Huffard, IV

text: George Sandison

text: Zaki Selim


text:
EX-99.1
3
g16967kexv99w1.htm
EX-99.1
EX-99.1
Exhibit 99.1
CONTACTS:
Russell Allen, Director - Planning & IR (704) 557-8219
Joe Calabrese, Financial Relations Board (212) 827-3772
IMMEDIATE RELEASE
December 3, 2008
Lance, Inc. Announces Successful Bid to Purchase
Assets of Archway Cookies LLC
Charlotte, NC, December 3, 2008
- Lance, Inc. (Nasdaq-GS: LNCE) today announced that the U.S.
Bankruptcy Court for the District of Delaware has approved Lance's bid to purchase substantially
all of the assets of snack food company Archway Cookies LLC ("Archway"). Under the terms of the
Asset Purchase Agreement, Lance will acquire substantially all of the assets of Archway for
approximately $30 million. The transaction is expected to close no later than December 15, 2008.
Lance will use available liquidity under its current credit facilities to fund the acquisition.
"We're excited about this acquisition", commented David V. Singer, President and Chief Executive
Officer of Lance, Inc. "Archway was founded in the 1930s, and has built solid market share in its
niche of soft, home-style cookies. Archway is an excellent addition to our growing portfolio of
consumer preferred niche brands. We are looking forward to reopening the Ashland, Ohio production
facility, where we intend to produce Archway cookies. This facility will also provide the
capacity to support growth in our existing business and capabilities that will broaden the
products we can offer our Private Brands customers, thus supporting our growth goals for our
non-branded business".
"We are very pleased with Lance, Inc.'s purchase of Archway Cookies, a transaction that means
putting people back to work in Ohio", said Lieutenant Governor Lee Fisher, who also serves as
Director of the Ohio Department of Development. "We look forward to working together on this
successful collaboration and doing everything we can to help Lance, Inc. prosper in Ohio".
About Lance, Inc.
Lance, Inc., headquartered in Charlotte, NC, manufactures and markets snack foods throughout much
of the United States and other parts of North America. The Company's products include sandwich
crackers and cookies, potato chips, crackers, cookies, other snacks, sugar wafers, nuts,
restaurant style crackers and candy. Lance has manufacturing facilities in North Carolina, Iowa,
Georgia, Massachusetts, Texas, Florida, Arkansas and Ontario, Canada. Products are sold under the
Lance, Cape Cod and Tom's brand names along with a number of private label and third party brands.
The Company's products are distributed through a direct-store-delivery system of approximately
1,400 sales routes, a network of independent distributors and direct shipments to customer
locations. Products are distributed widely through grocery and mass merchant stores, convenience
stores, food service outlets and other channels.
This news release contains statements which may be forward looking within the meaning of
applicable securities laws. The statements may include projections regarding future earnings and
results which are based upon the Company's current expectations and assumptions, which are subject
to a number of risks and uncertainties. Factors that could cause actual results to differ,
including price competition and industry consolidation, increases in prices or availability of
ingredients, product price increase impact on total revenue, risks from large customers, changes
in consumer preferences, implementation of a
new information system, product recalls or safety concerns, food industry and regulatory factors,
acquisition and divestiture risks, ability to execute strategic initiatives, interest rate,
foreign exchange rate risk, credit risks and natural disasters or catastrophic events are
discussed in the Company's most recent Forms 10-K and 10-Q filed with the Securities and Exchange
Commission.

text: Russell Allen

text: Lance, Inc.

text: Archway Cookies LLC

text: Lance, Inc.

text: Lance

text: Archway Cookies LLC

text: Archway

text: Lance

text: Archway

text: Lance

text: David V. Singer

text: Lance, Inc.

text: Archway

text: Archway

text: Archway cookies

text: Lance, Inc.

text: Archway Cookies

text: Lance, Inc.

text: Lance, Inc.

text: Lance, Inc.

text: Lance

text: Lance


text:
EX-99.1
4
ss94863_ex9901.htm
PRESS RELEASE
Exhibit 99.1
Asset Purchase Agreement Closed
Silver Spring, Md., June 24, 2010 -
WorldSpace, Inc. ("WorldSpace") announced today that it and its affiliated co-debtors in its Chapter 11 bankruptcy proceeding have closed the Asset Purchase Agreement entered into with Yazmi USA, LLC (the Buyer), subject to continuing some operations under contract with the Buyer for a transition period. The agreement provided for the sale of substantially all the assets of WorldSpace and its co-debtors.
Forward-looking Statements
This press release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs about future events and financial, political and social trends and assumptions it has made based on information currently available to it. The Company cannot assure that any expectations, forecasts or assumptions made by management in preparing these forward-looking statements will prove accurate, or that any projections will be realized. Such forward-looking statements may be affected by inaccurate assumptions or by known or unknown risks or uncertainties. Actual results may vary materially from those expressed or implied by the statements herein. For factors that could cause actual results to vary, perhaps materially, from these forward-looking statements, please refer to the Company's Form 10-K, filed with the Securities and Exchange Commission, and other subsequent filings. Forward-looking statements contained herein speak only as of the date of this release. The Company does not undertake any obligation to update or revise publicly any forward-looking statements, whether to reflect new information, future events or otherwise.
# # #

text: WorldSpace

text: WorldSpace

text: WorldSpace


text:
EX-99
7
ch99-2.htm
PRESS RELEASE
The Clorox Company
The Clorox Company
News Release
Clorox Announces
Henkel Transaction Completed
OAKLAND, Calif., Nov.
22, 2004 - The Clorox Company (NYSE: CLX) (PSE: CLX) today
announced that it has completed a previously communicated agreement
with major shareholder Henkel KgaA, under which Clorox exchanged
full ownership interest in a subsidiary for Henkel's
approximately 61.4 million shares, or 29 percent, of Clorox common
stock.
The subsidiary now
transferred to Henkel contains Clorox's previous ownership
interest in its insecticides and Soft Scrub
®
cleanser businesses,
its 20 percent interest in the Henkel Iberica, S.A., joint venture,
and cash.
As previously
communicated, the transaction was initially financed with
commercial paper. The company expects to refinance the commercial
paper by issuing $1.5 billion to $1.7 billion of long-term debt
over the next few weeks.
The Clorox
Company
The Clorox Company is
a leading manufacturer and marketer of consumer products with
fiscal year 2004 revenues of $4.3 billion. Clorox markets some of
consumers' most trusted and recognized brand names, including
its namesake bleach and cleaning products, Armor
All
®
and STP
®
auto care products,
Fresh Step
®
and Scoop Away
®
cat
litters, Kingsford
®
charcoal briquets, Hidden
Valley
®
and K C Masterpiece
®
dressings and sauces, Brita
®
water-filtration
systems, and Glad
®
bags, wraps and containers. With
8,600 employees worldwide, the company manufactures products in 25
countries and markets them in more than 100 countries. Clorox is
committed to making a positive difference in the communities where
its employees work and live. Founded in 1980, The Clorox Company
Foundation has awarded cash grants totaling more than $58.3 million
to nonprofit organizations, schools and colleges; and in fiscal
2004 alone made product donations valued at $5 million. For more
information about Clorox, visit www.TheCloroxCompany.com.
Forward-Looking
Statements
Except for historical information,
matters discussed above, including statements about future volume,
sales and earnings growth, profitability, costs, cost savings or
expectations, are forward-looking statements based on management's
estimates, assumptions and projections. Important factors that
could cause results to differ materially from management's
expectations are described in "Forward-Looking Statements and Risk
Factors" and "Management's Discussion & Analysis" in the
company's SEC Form 10-K for the year ended June 30, 2004, as
updated from time to time in the company's SEC filings. Those
factors include, but are not limited to, general economic and
marketplace conditions and events; competitors' actions; the
company's costs, including changes in the company's exposure
to commodity cost increases; the effects on cash flow of tax
payments and share repurchases, including interest costs and
repayment of debt incurred to finance repurchases; the ability to
manage and realize the benefits of joint ventures and other
cooperative relationships; risks inherent in litigation and
international operations; the success of new products; the
integration of acquisitions; and environmental, regulatory and
intellectual property matters.
Clorox
Contacts
Media
Relations:
Investor Relations:
Kathryn Caulfield
(510)
271-7209
Steve Austenfeld (510) 271-2270
Dan Staublin (510)
271-1622
Michael Iracondo (510) 271-2156
Henkel Contacts
Corporate
Communications:
Investor Relations:
Ernst Primosch +
49-211-797-3533
Oliver Luckenbach + 49-211-797-1631
Lars Witteck +
49-211-797-2606
###


text:
EX-99.1
4
a16-5651_1ex99d1.htm
EX-99.1
Exhibit 99.1
Fluor Corporation
Brian Mershon / Brett Turner
6700 Las Colinas Blvd
Media Relations
Irving, Texas 75039
469.398.7621 / 864.281.6976
469.398.7000 main tel
Geoff Telfer / Jason Landkamer
Investor Relations
469.398.7070 / 469.398.7222 tel
News Release
FOR IMMEDIATE RELEASE
Fluor Finalizes Acquisition of Netherlands-Based Stork
IRVING, Texas (March 1, 2016)
- Fluor Corporation (NYSE: FLR) announced today that the company closed its acquisition of Stork Holding B.V. Fluor announced in early December 2015 that the company had agreed to purchase 100 percent of Stork's shares from UK-based private equity firm Arle Capital Partners.
"I welcome our 15,000 new colleagues from Stork and we are excited to have them join the Fluor family", said David Seaton, chairman and CEO of Fluor. "Fluor's most important asset is its people, and we are fortunate to have found in Stork a company that shares the same values, pride and global heritage as we do".
Stork is a global provider of maintenance, modification and asset integrity services associated with large existing industrial facilities in the oil and gas, chemicals, petrochemicals, and power markets. Founded in 1827, Stork has long-term relationships with a diverse range of customers. It has operations in Continental Europe, the United Kingdom, the Middle East, Asia-Pacific and the Americas.
Stork's business model is primarily based on ongoing operating budgets that are less impacted by capital spending plans and volatile commodity prices. The addition of Stork's capabilities to the Fluor portfolio will help meet customers' needs throughout the full lifecycle of an operating plant.
Stork, along with Fluor's current Operations & Maintenance organization, will be led by Stork CEO Arnold Steenbakker and reported financially under the Global Services business segment.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) is a global engineering, procurement, fabrication, construction and maintenance company that designs, builds and maintains capital-efficient facilities for its clients on six continents. For more than a century, Fluor has served clients by delivering innovative and integrated solutions for our clients in the energy, chemicals, government, industrial, infrastructure, mining and metals, and power market sectors. With headquarters in Irving, Texas, Fluor ranks 136 on the
FORTUNE
500 list with revenue of $18.1 billion in 2015 and has 59,000 employees worldwide. For more information, please visit www.fluor.com or follow us on Twitter @FluorCorp.
# # #
2

text: Fluor Corporation

text: Fluor

text: Stork

text: Fluor Corporation

text: Stork Holding

text: Fluor

text: Stork

label: fund

text: Arle Capital Partners

override: fund

text: Stork

text: Fluor

text: David Seaton

text: Fluor

text: Fluor

text: Stork

text: Stork

text: Stork

text: Stork

text: Stork

text: Fluor

text: Stork

text: Fluor

text: Stork

text: Fluor Corporation

text: Fluor Corporation

text: Fluor

text: Fluor


text:
EX-99.1
2
a05-1364_1ex99d1.htm
EX-99.1
Exhibit
99.1
GMH
Communities Trust Announces Acquisition of Two Student Housing Properties in
Ann Arbor, Michigan Totaling 475 Units/855 Beds
$33 Million
Transaction Represents Latest Acquisition by Newly Formed REIT
NEWTOWN SQUARE, Pa., Jan.
6 /PRNewswire-FirstCall/ - GMH Communities Trust (NYSE: GCT) today announced
that its student housing division, College Park Communities, has acquired two
properties, WillowTree Apartments and WillowTree Towers, for $33,075,000. WillowTree
Apartments, a 312 unit/572 bed student housing property, and WillowTree Towers,
a 163 unit/283 bed student housing property, serve the University of Michigan.
This acquisition will be funded with proceeds from the Company's Initial Public
Offering, which was closed on November 4, 2004, and with assumed debt.
"We're pleased to
announce the acquisition of the WillowTree Apartments and Towers and look
forward to serving University of Michigan students", commented Joseph M. Coyle,
President of College Park Communities. "At GMH Communities Trust, we remain
focused on building market share by adding quality assets such as this to our
diverse student housing portfolio".
Located at 1819
Willowtree Lane in Ann Arbor, Michigan, in a woodland setting across from The
University of Michigan's North Campus, the WillowTree Apartments and Towers
contain two parcels of land; one being a three-story garden style apartment
community and the other, a five-story apartment tower. The complex is currently
more than 95 percent occupied. Amenities include a pool with pool-house, picnic
areas with grills, two playgrounds, a fishing dock, and volleyball and
basketball courts.
College Park Management
LLC, the student housing division of GMH Communities Trust that operates and
manages on and off campus student housing communities in 36 major college/university
markets, will manage the property. The Company noted that the transaction was
closed in accordance with the terms and conditions set forth in its
Registration Statement with the Securities and Exchange Commission.
GMH Communities Trust
(http://www.gmhcommunities.com) is a publicly traded Maryland real estate
investment trust (REIT). It is a self-advised, self-managed specialty housing
company focused on providing housing to college and university students
residing off-campus and to members of the U.S. military residing at
installations throughout the country. GMH Communities also provides property
management services to third party owners of student housing, including colleges,
universities and other private owners. The Company is based in Newtown Square,
PA and employs approximately 1,200 people throughout the United States of
America.
"Safe Harbor" Statement
under the Private Securities Litigation Reform Act of 1995: Statements in this
press release regarding GMH Communities Trust's business which are not
historical facts are "forward-looking statements" that involve risks and
uncertainties. 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" in the Company's filings with
the Securities and Exchange Commission, including its Registration Statement on
Form S-11.
SOURCE GMH Communities
Trust
01/06/2005
CONTACT: Company -
Kathleen M. Grim of GMH Communities Trust,
+1-610-355-8206,
kgrim@gmh-inc.com; Media - Kathleen Pallas of Beckerman
Public Relations,
+1-908-781-6420, kathleen@beckermanpr.com; Analysts - Claire
Koeneman,
+1-312-640-6745, General - Joe Calabrese, +1-212-827-3772, both of
Financial Relations
Board, all for GMH Communities Trust/
Web site:
http://www.gmhcommunities.com /
(GCT)

text:
GMH
Communities Trust

text: GMH Communities Trust

text: Joseph M. Coyle

text: GMH Communities Trust

text: GMH Communities Trust

text: GMH Communities Trust

text: GMH Communities Trust

text:
GMH Communities
Trust

text: GMH Communities Trust


text:
EX-99.2
3
b67118_x992.htm
PRESS RELEASE
EAS Group, Inc. Completes Acquisition of Brooktrout, Inc.
Combination Creates Leading Enabling Technology Provider In the Telecommunications Industry
HYANNIS, Mass.--(BUSINESS WIRE)--Oct. 24, 2005--EAS Group, Inc., the privately-held parent of Excel Switching Corporation, today announced that it has completed its acquisition of Brooktrout, Inc.
"With the finalization of EAS Group, Inc.'s acquisition of Brooktrout, Inc., we have created the telecommunications industry's largest provider of enabling technology", said Marc Zionts, now the chief executive officer of both Excel Switching Corporation and Brooktrout, Inc. "Strategically, this acquisition creates a combined company that has greater resources to invest in technologies that enable service providers and enterprise customers to develop new products, introduce new services and cost-effectively transition networks to IP".
"We expect to complete the integration of Excel and Brooktrout in the first quarter of calendar year 2006. Customers of both companies can expect a seamless transition that will result in a combined entity with unrivaled technology expertise", added Zionts.
About Excel Switching Corporation
Founded in 1988, Excel Switching Corporation is a leading provider of carrier-class media gateways, media servers, signaling gateways, and enhanced service platforms for original equipment manufacturers, value-added resellers, and service providers. As a profitable company with more than 8,500 systems deployed in more than 80 countries, Excel addresses carrier needs for profitable applications by delivering a family of platforms that bridge fixed, mobile, and IP networks, thereby lowering costs, improving call quality, and simplifying network operations. By working closely with its partners, Excel supplies service providers with highly reliable, localized solutions designed to meet their immediate and future needs. For more information, visit www.ExcelSwitching.com.
About Brooktrout, Inc.
Brooktrout, Inc. is a leading supplier of media processing, network interface, call control and signal processing products that enable the development of applications, systems and services for both the New Network(TM) (packet-based) and the traditional telephone (TDM) network. The company's strategy is to partner with its customers and collaborate closely with them to help accelerate their delivery of new applications and services, increase their existing business, and expand into new markets. For more information, visit http://www.brooktrout.com.

text: EAS Group, Inc.

text: Brooktrout, Inc.

text: EAS Group, Inc.

text: Excel Switching Corporation

text: Brooktrout, Inc.

text: EAS Group, Inc.

text: Brooktrout, Inc.

text: Excel Switching Corporation

text: Brooktrout, Inc.

text: Excel Switching Corporation

text: Excel Switching Corporation

text: Brooktrout, Inc.

text: Brooktrout, Inc.


text:
EX-99.1
3
f8k013119ex99-1_peerstream.htm
PRESS RELEASE OF PEERSTREAM, INC., DATED FEBRUARY 4, 2019 (FURNISHED PURSUANT TO ITEM 7.01)
Exhibit 99.1
PeerStream
Completes Sale of Non-Core Dating Assets to Continue Focus on
Video
Communications Applications and Blockchain Initiatives
New
York, February 4, 2019 -- PeerStream, Inc. ("PeerStream", the "Company", "we,"
"our" or "us") (OTCQB: PEER), a global internet solutions provider driving adoption of emerging
blockchain technologies, today announced that it has completed a sale of its non-core dating assets to The Dating Company
LLC, a private U.S.-based company. The dating assets consist principally of the FirstMet dating service, which was founded in
2007 and has accumulated a sizable user base by leveraging viral user acquisition campaigns through Facebook, as well as two
smaller apps, 50More and The Grade.
Alex
Harrington, CEO of PeerStream, commented, "PeerStream has a 20-year history of technology innovation, which we are leveraging
to pursue high growth opportunities in live video applications and blockchain business solutions. As we shifted our corporate
strategy it became clear that the dating assets were non-core and suffered from lack of management attention, resulting in underperformance
in 2018, including a significant revenue decline and negative cash flow. We believe that this divestiture will streamline the
business and add more capital to our already strong balance sheet. Most importantly, this deal allows management to fully focus
on areas where we believe we can be most competitive - building and operating live video applications and technologies using
emerging technologies like blockchain, and supporting enterprise adoption of blockchain solutions".
About
PeerStream, Inc. (OTCQB: PEER)
PeerStream
is a global internet solutions provider pioneering the real-world adoption of emerging blockchain technologies by developing software,
services and applications for corporate clients and consumers. The Company's Business Solutions group is able to provide
advisory and implementation services to enterprise clients to help them meet strategic objectives using blockchain technology.
PeerStream also will be supporting clients' transition to blockchain through license of proprietary software such as PeerStream
Protocol ("PSP"), a protocol for decentralized multimedia communications and live video streaming currently in development.
For nearly twenty years, the Company has built and continues to operate innovative consumer apps, including
Paltalk
,
one of the largest live video social communities, and
Backchannel
, a blockchain-based secure video messaging app launched
in private beta form in December 2018. PeerStream has a long history of technology innovation and holds 26 patents.
For
more information, please visit:
http://www.peerstream.com
.
To
be added to our news distribution list, please visit:
http://www.peerstream.com/investor-alerts/
.
Forward-Looking
Statements
This
press release contains "forward-looking statements." Such statements may be preceded by the words "intends,"
"may", "will", "plans", "expects", "anticipates", "projects", "predicts,"
"estimates", "aims", "believes", "hopes", "potential", or similar words. Forward-looking
statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown
risks and uncertainties, many of which are beyond the Company's control, and cannot be predicted or quantified and consequently,
actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties
include, without limitation, risks and uncertainties related to our increasing focus on the use of new and novel technologies,
such as blockchain, to enhance our applications, and our ability to timely complete development of applications using new technologies;
our ability to effectively market and generate revenue from our new business solutions unit; development and acceptance of blockchain
technologies and the continuing growth of the blockchain industry; legal and regulatory requirements related to the use of blockchain,
us investing in cryptocurrencies and accepting cryptocurrencies as a method of payment for our services, the use of the internet
and privacy and protection of user data; risks related to our holdings of XPX tokens, including risks related to the volatility
of the trading price of the XPX tokens and our ability to convert XPX tokens into fiat currency; and our ability to manage our
partnerships and strategic alliances, including the ability of our partners to satisfy their obligations under these arrangements.
More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements
is set forth in the Company's filings with the Securities and Exchange Commission ("SEC"), including the Company's most
recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents
free of charge on the SEC's website at http://www.sec.gov.
All
forward-looking statements speak only as of the date on which they are made. The Company undertakes no obligation to update any
forward-looking statement or statements to reflect events or circumstances after the date on which such statement was made, except
to the extent required by applicable securities laws.
Contacts
IR@peerstream.com
Kirin
Smith / Stephanie Prince
PCG
Advisory Group
ksmith@pcgadvisory.com
646-863-6519

text: PEERSTREAM, INC.

text: PeerStream

text: Non-Core Dating

text: PeerStream, Inc.

text: PeerStream

text:
The Dating Company
LLC

text:
Alex
Harrington

text: PeerStream

text: PeerStream

text: PeerStream, Inc.

text: PeerStream

text: PeerStream

text: PeerStream

text: PeerStream