text:
EX-99.1
2
ex991-chpclosingpressrelea.htm
EXHIBIT
EX99.1 - CHP Closing Press Release
Exhibit 99.1
Company Contact:
Investor Relations:
Kelly J. Gill
Charles Lynch
Chief Executive Officer
Westwicke Partners
615-771-7575
443-213-0504
Diversicare Completes Previously Announced Transaction with Catholic Health Partners
BRENTWOOD, TN, (October 1, 2013) - Diversicare Healthcare Services Inc. (NASDAQ: DVCR), a premier provider of long-term care services primarily in the Southeast and Southwest, announced today that effective October 1, 2013, the Company has assumed operations of the previously announced properties in Ohio and Indiana from Catholic Health Partners. These facilities were acquired by Aviv REIT (NYSE: AVIV) and are leased for an initial term of 15 years. This is the third transaction completed with Aviv for the Company. The facilities are branded as Diversicare Transitional Care Communities. The facilities and locations are as follows:
.
Diversicare of Bradford Place, Hamilton, OH
.
Diversicare of Siena Woods, Dayton, OH
.
Diversicare of St. Theresa, Cincinnati, OH
.
Diversicare of Providence, New Albany, IN
Commenting on the transaction, Kelly Gill, the Company's Chief Executive Officer, stated, "In early August we announced our intention to assume the operations of these four Catholic Health Partners facilities and we are proud to have completed the transaction as planned. The three Ohio facilities expand our footprint into that state, which we view as a very attractive operating environment. Additionally, the Indiana facility is very near our Louisville, Kentucky market and will expand our presence in the metro area, enabling greater efficiencies and shared services".
"Both of the other organizations involved, Aviv REIT and CHP, have been wonderful to work with through this process, and we are fortunate to be in position to assume operations at these locations known for quality care", Gill concluded. "This is the third transaction we have closed with Aviv, and we are very pleased to have expanded our relationship with this premier organization".
ABOUT DIVERSICARE HEALTHCARE SERVICES, INC.
Diversicare provides long-term care services to patients in 47 skilled nursing centers containing 5,533 licensed nursing beds, primarily in the Southeast and Southwest. For additional information about the Company, visit Diversicare's web site: www.dvcr.com.
FORWARD-LOOKING STATEMENTS
The "forward-looking statements" contained in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are predictive in nature and are frequently identified by the use of terms such as "may", "will", "should", "expect", "believe", "estimate", "intend", and similar words indicating possible future expectations, events or actions. These forward-looking statements reflect our current views with respect to future events and present our estimates and assumptions only as of the date of this release. Actual results could differ materially from those contemplated by the forward-looking statements made in this release. In addition to any assumptions and other factors referred to specifically in connection with such statements, other factors, many of which are beyond our ability to control or predict, could cause our actual results to differ materially from the results expressed or implied in any forward-looking statements including, but not limited to, our ability to successfully operate these new nursing centers in Ohio and Indiana, changes in governmental
reimbursement, including the impact of the CMS final rule that has resulted in a reduction in Medicare reimbursement as of October 2012 and sequestration under the Budget Control Act of 2011 and the American Taxpayer Relief Act of 2012, our ability to mitigate the impact of the revenue reduction, government regulation, the impact of the recently adopted federal health care reform or any future health care reform, as well as other risk factors detailed in the Company's Securities and Exchange Commission filings. The Company has provided additional information in its Annual Report on Form 10-K for the fiscal year ended December 31, 2012, as well as in its other filings with the Securities and Exchange Commission, which readers are encouraged to review for further disclosure of other factors. These assumptions may not materialize to the extent assumed, and risks and uncertainties may cause actual results to be different from anticipated results. These risks and uncertainties also may result in changes to the Company's business plans and prospects. Diversicare Healthcare Services, Inc. is not responsible for updating the information contained in this press release beyond the published date, or for changes made to this document by wire services or Internet services.

text: Charles Lynch

text: Diversicare

text: Catholic Health Partners

text: Diversicare Healthcare Services Inc.

text: Catholic Health Partners

text: Aviv REIT

text: Diversicare

text: Diversicare

text: Diversicare

text: Diversicare

text: Diversicare

text: Kelly Gill

text: Catholic Health Partners

text: Aviv REIT

text: Diversicare

text: Diversicare


dataset: buster

text:
EX-99.1
2
v087249_ex99-1.htm
Exhibit
99.1
Solomon
Closes Deltron Acquisition
DANBURY,
CT. September 6, 2007-Solomon Technologies, Inc. (OTCBB:SOLM) announced today
that it has closed its acquisition of Deltron, a North Wales, Pennsylvania
based
manufacturer of power supplies and related equipment with manufacturing
operations in Reynosa, Mexico.
Solomon
acquired specific assets and liabilities of Deltron's Pennsylvania operations
and all of the stock of Deltron's Mexican manufacturing facility, for an
undisclosed amount in cash. Solomon will assume Deltron's trade payables and its
accrued expenses as part of the transaction. The transaction also provides
the
seller with the possibility of an additional payment if the acquired assets
produce gross margins exceeding certain thresholds.
"The
Deltron acquisition is an exciting step in the path of reaching our overall
sales and profitability goals", said Gary G. Brandt Chief Executive Officer of
Solomon. "It will substantially increase our revenue, provide a significant
improvement in our manufacturing cost structure, add valuable human resources
to
our team and expand our product offerings by a wide margin. Combined with the
pending acquisition of Unipower later in the year, the addition of Deltron
puts
us on track to achieve our goal of annualized sales of $25 million by the end
of
this year and well on our way to the 2009 goal of $100 million".
Mr.
Brandt continued, "The acquisition of Deltron is another key milestone in
Solomon's strategy of growing the business through acquisition of complementary
assets, and most importantly, it is consistent with our broader view of the
increasing importance of power electronics technologies to the high
efficiency/alternative energy markets that we are targeting".
Information
about Solomon Technologies, Inc.:
Solomon
Technologies, Inc., through its Motive Power and Power Electronics divisions,
develops, licenses, manufactures and sells precision electric power drive
systems, including those utilizing its patented Electric Wheel™,
Electric Transaxle™
and
hybrid and regenerative technologies as well as direct current power supplies
and power supply systems requiring high levels of reliability and ruggedness
for
defense, aerospace, marine, commercial, automotive, hybrid electric and all
electric vehicle applications.
FORWARD
LOOKING STATEMENTS:
This
press release contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. The statements regarding
Solomon Technologies, Inc. in this release that are not historical in nature,
particularly those that utilize terminology such as "may", "will", "should,"
"likely", "expects", "anticipates", "estimates", "believes", or "plans", or
comparable terminology, are forward-looking statements based on current
expectations about future events, which management has derived from the
information currently available to it. It is possible that the assumptions
made
by management for purposes of such statements may not materialize. Actual
results may differ materially from those projected or implied in any
forward-looking statements. Important factors known to management that could
cause forward-looking statements to turn out to be incorrect are identified
and
discussed from time to time in the Company's filings with the Securities and
Exchange Commission. The forward-looking statements contained in this release
speak only as of the date hereof, and the Company undertakes no obligation
to
correct or update any forward-looking statements, whether as a result of new
information, future events or otherwise.
______________
Contact:
Solomon
Technologies, Inc.
Gary
G.
Brandt, 860-828-2060
www.solomontechnologies.com
or
Crescent
Communications
David
Long, 203-226-5527

label: organization

text: Solomon

text: Deltron

text: Solomon Technologies, Inc.

text: Deltron

text: Solomon

text: Deltron

text: Deltron

text: Solomon

text: Deltron

text: Deltron

label: person

text: Gary G. Brandt

text: Solomon

text: Unipower

text: Deltron

text: Deltron

text: Solomon

text: Solomon Technologies, Inc.

text:
Solomon
Technologies, Inc.

text: Solomon Technologies, Inc.

text:
Solomon
Technologies, Inc.

text:
Gary
G.
Brandt

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
h68626exv99w1.htm
EX-99.1
exv99w1
Exhibit 99.1
LL&E Royalty Trust Announces Sale of a Portion of Trust's Assets
LL&E ROYALTY TRUST
The Bank of New York Mellon Trust Company, N.A.,
Trustee
NEWS
RELEASE
FOR IMMEDIATE RELEASE
AUSTIN, TEXAS November 12, 2009 - As previously announced by LL&E Royalty Trust (NYSE: LRT) (the
"Trust"), the Trust is required by its governing documents to sell all of its assets, and is in the
process of doing so. On November 11, 2009, the Trust sold a portion of its assets consisting of
its interest in the south Louisiana acreage described in the Trust's public filings as the "Fee
Lands". The sale is expected to result in cash proceeds to the Trust, net of fees to the auction
company conducting the sale, of $500,172. Fees payable to the auction company that conducted the
sale totaled $24,828. The proceeds will be used to reduce the Trust's accounts payable, which were
approximately $690,300 at October 27, 2009.
The Trustee of the Trust does not anticipate that any additional Trust assets will be sold prior to
December 31, 2009. The Trustee anticipates that the balance of the Trust's assets will be sold
during 2010, and as previously announced, has retained an investment banking firm to manage the
sale of the assets. The Trustee currently expects that the active marketing of the balance of the
Trust's assets will begin in the second quarter of 2010.
In accordance with the documents governing the Trust, if any asset required to be sold has not been
sold by December 31, 2010, the Trustee will cause the asset to be sold at public auction to the
highest cash bidder.
This press release contains statements that are "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended. All statements contained in this press release, other than statements of
historical fact, are "forward-looking statements" for purposes of these provisions. These
forward-looking statements include all statements regarding the future sale of the Trust's assets.
An investment in Units issued by LL&E Royalty Trust is subject to the risks described in the
Trust's Annual Report on Form 10-K for the year ended December 31, 2008, and all of its other
filings with the Securities and Exchange Commission. The Trust's annual, quarterly and other filed
reports are available over the Internet at the SEC's web site at
http://www.sec.gov.
Contact:
LL&E Royalty Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Mike Ulrich
1(800) 852-1422

text: LL&E Royalty Trust

text: Trust

text: LL&E ROYALTY TRUST

text: Trust

text: LL&E Royalty Trust

text: Trust

text: Trust

text: Trust

text: Trust

text: Trust

text: Trust

text: Trust

text: Trust

text: Trust

text: Trust

text: Trust

text: Trust

text: LL&E Royalty Trust

text: Trust

text: Trust

text: LL&E Royalty Trust

text: Trust


text:
EX-99.1
4
a07-1283_1ex99d1.htm
EX-99
EXHIBIT
99.1
Contact:
Dan Coccoluto
Sharon Barclay
Omtool, Ltd.
Blanc and Otus
Chief Financial Officer
Investor Relations
978-327-5700
617-451-6070 x203
coccoluto@omtool.com
sbarclay@blancandotus.com
OMTOOL COMPLETES
ACQUISITION OF BLUECHIP TECHNOLOGIES
Acquisition adds healthcare document-centric
technologies, domain expertise and expanded
customer base
Andover, Mass., January 2, 2007 -
Omtool, Ltd. (NASDAQ: OMTL)
,
a leading provider of document handling solutions today announced the
successful completion of its acquisition of Danvers, Mass-based BlueChip
Technologies. Omtool announced a
definitive agreement to acquire BlueChip Technologies on November 14, 2006. Under the terms of the agreement, Omtool paid
approximately $4.1 million in Omtool, Ltd. stock, cash and promissory notes.
BlueChip Technologies
specializes in document-centric technologies for the healthcare market. The company brings a customer base of over 100
healthcare providers and will augment Omtool's considerable experience in the
healthcare vertical market. It is
expected portions of the BlueChip Technologies product line will be leveraged
in additional verticals beyond healthcare such as legal and financial services.
With the close of the
transaction BlueChip Technologies will become part of Omtool, Ltd. Omtool will market the BlueChip Technologies
solutions as standalone products while integrating them into its larger
AccuRoute product line.
About Omtool, Ltd.
Omtool, Ltd is a leading
provider of document handling solutions that simplify the integration of paper
and electronic documents in enterprise information management systems. Our flagship product, AccuRoute, streamlines
the capture, conversion and communication of paper and electronic documents,
enabling fast, secure, simultaneous distribution to multiple destinations in
multiple formats. Available at any
network-enabled scan device or from user's desktop computers, AccuRoute
provides faster, more efficient workflows, while reducing cost, complexity and
risk. Omtool solutions are used
worldwide by businesses in document-intensive industries that demand secure
handling, integration and tracking of documents in full compliance with a range
of regulatory requirements. Based in
Andover, Massachusetts with offices in the United Kingdom, Omtool can be
contacted at 1-800-886-7845 or www.omtool.com.
About BlueChip Technologies Ltd.
Based in Danvers, Mass,
BlueChip Technologies Ltd. is a Massachusetts corporation formed in 1993, whose
principal business is providing electronic forms automation, document imaging
and object archiving solutions to the end user marketplace. With a specialized focus in healthcare,
BlueChip Technologies provides system consulting, technical support and turnkey
system integration in the areas of document redesign and form work flow
re-engineering. These products and
services provide a solid foundation for BlueChip's enterprise wide document
scanning and imaging applications. BlueChip
Technology customers represent over 100 healthcare providers.
This press release
contains forward-looking statements, including, without limitation, statements
regarding the anticipated combination with BlueChip Technologies and the
benefits thereof; Omtool's objectives and expectations; future financial and
operating performance; customer interest in Omtool's Genifax(TM) and AccuRoute
products; long-term sales strategy; distribution channels; and the future plans
of Omtool's management. These
forward-looking statements are neither promises nor guarantees, and are subject
to risk and uncertainties that could cause actual results to differ materially
from the expectations set forth in these forward-looking statements, including
but not limited to, risks associated with the consummating and integrating the
BlueChip Technologies acquisition; introduction of new product offerings,
including the AccuRoute, Genidocs(TM) and Genifax software products; the
success of Omtool's channel sales strategies; business partner strategies and
new sales and marketing efforts; Omtool's investments in vertical markets,
including legal, financial services and healthcare; the continuation of market
demand for fax-based software solutions; fluctuations in quarterly results of
operations; Omtool's headquarters relocation; changes in the regulatory
environment; dependence on continuing growth in the number of organizations
implementing secure electronic document exchange; competition; product
enhancements; product concentration; declines in Omtool's legacy fax business;
seasonality; international sales; Omtool's ability to manage expansion; Omtool's
ability to obtain desired financing; acquisitions and integration of
complementary businesses; and those other risk factors described in Omtool's
periodic reports and registration statements as filed with the Securities and
Exchange Commission, including Omtool's Annual Report on Form 10-K filed with
the Securities and Exchange Commission on March 28, 2006. Reported results should not be considered an
indication of future performance. Readers
are cautioned not to place undue reliance on these forward-looking statements,
which speak only as of the date hereof. Omtool
undertakes no responsibility to update any such forward-looking statements.

text: Omtool, Ltd.

text: OMTOOL

text: BLUECHIP TECHNOLOGIES

text: Omtool, Ltd.

text: Danvers

text:
BlueChip
Technologies

text: Omtool

text: BlueChip Technologies

text: Omtool

text: Omtool, Ltd.

text: BlueChip Technologies

text: Omtool

text: BlueChip Technologies

text: BlueChip Technologies

text: Omtool

text: Omtool

text: BlueChip Technologies

text: Omtool, Ltd.

text: Omtool

text: Omtool

text: Omtool

text: BlueChip Technologies

text: Danvers

text: BlueChip Technologies

text: BlueChip Technologies

text: BlueChip Technologies

text: Omtool

text: Omtool

text: Omtool

text: BlueChip Technologies

text: Omtool

text: Omtool

text: Omtool

text: Omtool

text: Omtool

text: Omtool

text: Omtool

text: Omtool

text: Omtool


text:
EX-99.1
2
a19-3382_1ex99d1.htm
EX-99.1
Exhibit 99.1
News Release
NYSE: BPL
Buckeye Partners, L.P.
One Greenway Plaza
Suite 600
Houston, TX 77046
Contact:
Kevin J. Goodwin
Vice President & Treasurer
irelations@buckeye.com
(800) 422-2825
BUCKEYE PARTNERS, L.P. ANNOUNCES CLOSING OF SALE OF
ITS EQUITY INTEREST IN VTTI B.V.
Action Previously Announced as Outcome of Strategic Review
HOUSTON, January 17, 2019 - Buckeye Partners, L.P. ("Buckeye") (NYSE: BPL) announced today that it completed the sale of its equity interest in VTTI B.V. ("VTTI") to Vitol Investment Partnership II Ltd and IFM Investors for cash proceeds of $975 million. The proceeds from the sale will be used to pay down debt.
This sale was one of several actions previously announced following the completion of Buckeye's strategic review that were designed to: (1) maintain Buckeye's investment grade credit rating by reducing leverage; (2) provide increased financial flexibility, eliminating the need for Buckeye to access the public equity markets to fund annual growth capital; and (3) reallocate capital to the higher return growth opportunities across Buckeye's asset base. "The closing of this transaction represents the final step in our announced strategic review", stated Clark C. Smith, Buckeye's Chairman, President and Chief Executive Officer. "The completion of these actions will serve to improve Buckeye's financial flexibility, which, along with our advantaged portfolio of pipeline and terminal assets and attractive growth opportunities, are expected to provide attractive long-term returns for our unitholders".
In December, Buckeye closed the sale of a package of domestic pipeline and terminal assets that was also announced in conjunction with the completion of its strategic review.
About Buckeye Partners, L.P.
Buckeye Partners, L.P. (NYSE: BPL) is a publicly traded master limited partnership which owns and operates a diversified international network of integrated assets providing midstream logistic solutions, primarily consisting of the transportation, storage, processing and marketing of liquid petroleum products. Buckeye is one of the largest independent liquid petroleum products pipeline operators in the United States in terms of volumes delivered, with approximately 6,000 miles of pipeline. Buckeye also uses its service expertise to operate and/or maintain third-party pipelines and perform certain engineering and construction services for its customers. Buckeye's international terminal network comprises more than 115 liquid petroleum products terminals with aggregate tank capacity of over 118 million barrels across our portfolio of pipelines, inland terminals and marine terminals located primarily in the East Coast, Midwest and Gulf
Coast regions of the United States, as well as in the Caribbean. Buckeye's international network of marine terminals enables it to facilitate global flows of crude oil and refined petroleum products, offering its customers connectivity between supply areas and market centers through some of the world's most important bulk liquid storage and blending hubs. Buckeye's flagship marine terminal in The Bahamas, Buckeye Bahamas Hub, is one of the largest marine crude oil and refined petroleum products storage facilities in the world and provides an array of logistics and blending services for the global flow of petroleum products. Buckeye's Gulf Coast regional hub, Buckeye Texas Partners, offers world-class marine terminalling, storage and processing capabilities. Buckeye is also a wholesale distributor of refined petroleum products in certain areas served by its pipelines and terminals. More information concerning Buckeye can be found at www.buckeye.com.
* * * * *
This press release includes forward-looking statements that we believe to be reasonable as of today's date. Such statements are identified by use of the words "anticipates", "believes", "estimates", "expects", "intends", "plans", "predicts", "projects", "should", and similar expressions. Actual results may differ significantly because of risks and uncertainties that are difficult to predict and that may be beyond our control. Among the forward-looking statements set forth in this press release are statements regarding the anticipated use of proceeds derived from the disposition of our equity interest in VTTI. These statements are subject to, among other risks, (i) changes in federal, state, local, and foreign laws or regulations to which we are subject, including those governing pipeline tariff rates and those that permit the treatment of us as a partnership for federal income tax purposes, (ii) terrorism and other security risks, including cyber risk, adverse weather conditions, including hurricanes, environmental releases, and natural disasters, (iii) changes in the marketplace for our products or services, such as increased competition, changes in product flows, better energy efficiency, or general reductions in demand, (iv) adverse regional, national, or international economic conditions, adverse capital market conditions, and adverse political developments, (v) shutdowns or interruptions at our pipeline, terminalling, storage, and processing assets or at the source points for the products we transport, store, or sell, (vi) unanticipated capital expenditures in connection with the construction, repair, or replacement of our assets, (vii) volatility in the price of liquid petroleum products, (viii) nonpayment or nonperformance by our customers, (ix) our ability to integrate acquired assets with our existing assets and to realize anticipated cost savings and other efficiencies and benefits, and (x) our ability to successfully complete our organic growth projects and to realize the anticipated financial benefits. You should read our filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2017, for a more extensive list of factors that could affect results. We undertake no obligation to revise our forward-looking statements to reflect events or circumstances occurring after today's date except as required by law.
####

text: Buckeye Partners, L.P.

override: organization

text: Kevin J. Goodwin

text: BUCKEYE PARTNERS, L.P.

text: VTTI B.V.

text: Buckeye Partners, L.P.

text: VTTI B.V.

label: fund

text: Vitol Investment Partnership II Ltd

override: fund

text: IFM Investors

text: Buckeye Partners, L.P.

text: Buckeye Partners, L.P.


text:
EX-99.2
3
ex99-2.htm
EXHIBIT 99.2
ex99-2.htm
Exhibit 99.2
Contact:
David Meynarez
CFO
QSGI, Inc.
561-629-5713
David.Meynarez@QSGIInc.com
QSGI Acquires Certain Assets of The Gasket Guy, Inc.; Acquisition Expands QSGI's
Service Offerings to Include Energy Saving Technologies
Palm Beach, FL-September 21, 2011-QSGI INC. (Pink Sheets: QSGI)
today announced that its wholly owned subsidiary, QSGI Green, Inc. has acquired certain assets of The Gasket Guy, Inc. and its related operations. The acquisition will represent 100% of QSGI Green's operations and financial results going forward. The Gasket Guy, Inc. is a leading provider of replacement gaskets for refrigeration units that provide significant energy savings for restaurants, hotels, supermarkets, fast-food chains, and other businesses nationwide. QSGI Green acquired The Gasket Guy, Inc. through an asset purchase agreement for the company's operating assets. The agreement consists of a subordinated seller's note not to exceed $412,500 maturing no later than December 5, 2016 and bears interest at a rate of 7.5% annually, an agreement by QSGI to collect approximately $725,000 of The Gasket Guy's accounts receivables to be used to satisfy existing bank debt for which the assets serve as collateral, as well as an earn-out based on QSGI Green achieving profit milestones over the next five years.
The Gasket Guy, Inc. generated revenues in excess of $2.5 million and achieved a fifteen percent net profit margin over the trailing twelve months ended June 30, 2011 based on unaudited financials. The Gasket Guy has added more than 10,000 customers and has achieved over 50 % compound annual growth rate over the past 3 years.
The Gasket Guy, Inc. manufactures replacement refrigeration gaskets to fit any commercial refrigeration unit including refrigerators, coolers, and walk-in units. Additionally they have a full line of refrigeration replacement parts including strip curtains, night shades, door handles and hinges. Leaking gaskets waste energy and cause excessive wear on refrigeration equipment. By providing factory-new replacement gaskets, The Gasket Guy helps customers save energy, money and the environment. While fitted gaskets generate their own return on investment (ROI), energy companies in many regions provide rebates and incentives programs to encourage customers to invest in energy saving improvements. The Gasket Guy has successfully worked with numerous utility companies under these incentive programs to reduce energy costs.
The Gasket Guy operates four units: The Gasket Guy (
www.TheGasketGuy.com
), Green Energy Masters (
www.GreenEnergyMasters.com)
, Top Refrigeration Parts (
www.Top-Refrigeration-Parts.com)
, and 1-877-Gaskets (
www.1877Gaskets.com)
. These segments provide a variety of services including direct installation services, manufacturer supply parts to other refrigeration companies, refrigeration parts supplied by mail, and e-commerce.
Marc Sherman, Chairman and CEO of QSGI Inc., explained, "Our acquisition of The Gasket Guy, Inc. adds a new element to our service offerings and represents a potential growth opportunity. Traditionally, our business has been focused on the re-use and recycling of technology. With the addition of this business, we can now offer customers the ability to reduce energy consumption as well. The Gasket Guy has a very compelling value proposition for customers. First, by providing new replacement gaskets, we can show an immediate and measurable ROI in the form of energy savings for customers. Second, many of the leading energy companies have begun to provide rebates and incentives to encourage customers to utilize our services. We welcome the management team of The Gasket Guy, including Moshe Schneider, and Avner Harel, who will run the sales and operations of QSGI Green, and will play an important role in the growth of QSGI Green in the years ahead".
Mr. Sherman concluded, "The traditional waste hierarchy is most often illustrated as a triangle whose three sides are comprised of Reduce, ReUse, and Recycle. QSGI Green, Inc. helps customers reduce their use of electricity and the fossil fuels that generate it. KruseCom enables customers to reuse or remarket their surplus technology equipment, while JoesScrap.com provides a way for customers to recycle their surplus electronic gear at the end-of-lifecycle. With this transaction, we now provide all three key elements of the environmental triangle, and plan to build in all three of these segments"
About QSGI, Inc.
QSGI, Inc. specializes in green technology, technology asset management, new product sales, used product remarketing, enterprise maintenance, spare parts sales, end of lifecycle management, hard drive destruction and data erasure, fee-based e-waste disposal, and green recycling. Providing a spectrum of technology products and services, QSGI creates a marketplace that enables environmentally friendly I.T. transactions between Fortune 500 corporations, original equipment manufacturers, leasing companies, privately held businesses, and even individual consumers. QSGI's mission is to continue developing new services that add value for its customers and shareholders.
Forward-Looking Statements
Statements in this release that are not strictly historical in nature constitute "forward-looking statements." Such statements may include, without limitation, statements with respect to the Company's plans, objectives, expectations and intentions, and other statements identified by words such as "may", "could", "would", "should", "believes", "expects", "anticipates", "estimates", "intends", "plans", or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause the actual results of QSGI to be materially different from historical results or from any results expressed or implied by such forward-looking statements. These factors include, but are not limited to, risks and uncertainties related to the progress, timing, cost, and results of mergers, acquisitions, and operations; competition from other technology companies; and the additional risks discussed in filings with the Securities and Exchange Commission. All forward-looking statements are qualified in their entirety by this cautionary statement, and QSGI undertakes no obligation to revise or update this news release to reflect events or circumstances after the date hereof. The company names used in this statement are for identification purposes only. All trademarks and registered trademarks are the property of their respective owners.

text: David Meynarez

text: QSGI

text: QSGI

text: Gasket Guy, Inc.

text: QSGI

text: QSGI INC.

text: QSGI

text: QSGI Green, Inc.

text: Gasket Guy, Inc.

text: QSGI Green

text: Gasket Guy, Inc.

text: QSGI Green

text: Gasket Guy, Inc.

text: QSGI

text: The Gasket Guy

text: QSGI Green

text: Gasket Guy, Inc.

text: The Gasket Guy

text: Gasket Guy, Inc.

text: The Gasket Guy

text: The Gasket Guy

text: The Gasket Guy

text: The Gasket Guy

text: Marc Sherman

text: QSGI Inc.

text: Gasket Guy, Inc.

text: The Gasket Guy

text: The Gasket Guy

text: QSGI Green

text: QSGI Green

text: QSGI Green, Inc.

text: QSGI

text: QSGI

text: QSGI

text: QSGI

text: QSGI

text: QSGI


text:
EX-99.1
6
a12-10194_2ex99d1.htm
EX-99.1
Exhibit 99.1
FOR IMMEDIATE RELEASE
Jamie Fulmer (864) 342-5633
jfulmer@advanceamerica.net
ADVANCE AMERICA ANNOUNCES COMPLETION
OF MERGER WITH GRUPO ELEKTRA
SPARTANBURG, SC - April 23, 2012 - Advance America, Cash Advance Centers, Inc. (NYSE: AEA)
(the "
Company
") today announced that it has completed its merger with an indirect subsidiary of Grupo Elektra S.A.B. de C.V. ("
Grupo Elektra
"), effective April 23, 2012. Grupo Elektra offers banking services, credit, and other financial products to underserved consumers in Mexico and in other Latin American countries, including Brazil, El Salvador, Guatemala, Honduras, Panama, and Peru. Based in Mexico City, Grupo Elektra is a publicly-traded company on the Mexican stock exchange.
Under the terms of the merger agreement with Grupo Elektra, an indirect subsidiary of Grupo Elektra has acquired all of the outstanding shares of common stock of the Company for $10.50 per share in cash. Letters of transmittal enabling the Company's stockholders of record to deliver their shares to the paying agent in exchange for payment of the merger consideration will be distributed shortly. If your shares of the Company's common stock are held in "street name" by your broker, bank, or other nominee, you will receive instructions after the effective time of the merger from your broker, bank, or other nominee as to how to effect the surrender of your "street name" shares and receive cash for those shares.
In connection with the transaction, the Company was advised by Wells Fargo Securities LLC and K&L Gates LLP, and Grupo Elektra was advised by Stephens, Inc. and Paul, Weiss, Rifkind, Wharton & Garrison LLP.
About Advance America, Cash Advance Centers, Inc.
Founded in 1997, Advance America is the leading provider of non-bank cash advance services in the United States, with approximately 2,600 centers in 29 states. Advance America offers convenient, less-costly credit options to consumers whose needs are not met by traditional financial institutions. Advance America is a founding member of the Community Financial Services Association of America (CFSA), whose mission is to promote laws that provide substantive consumer protections and to encourage responsible industry practices. Please visit (www.advanceamerica.net) for more information.
Important Additional Information and Where to Find It
The Securities and Exchange Commission (the "
SEC
") maintains a website that contains reports, proxy and information statements, and other information regarding the Company at
www.sec.gov
. In addition, any materials the Company files with the SEC may be read and copied at the SEC's Public Reference Room at 100 F Street, N.E., Washington, D.C. 20549. Information on the operation of the Public Reference Room may be obtained by calling the SEC at 1-800-SEC-0330. In addition, the documents filed with the SEC by Advance America may be obtained free of charge from Advance America's website at www.advanceamerica.net.

text: ADVANCE AMERICA

text: GRUPO ELEKTRA

text: Advance America

text: Grupo Elektra

text: Grupo Elektra

text: Grupo Elektra

text: Grupo Elektra

text: Grupo Elektra

text: Grupo Elektra

text: Wells Fargo Securities LLC

text: K&L Gates LLP

text: Grupo Elektra

text: Stephens, Inc.

text: Advance America

text: Advance America

text: Advance America

text: Advance America

text: Advance America

text: Advance America


text:
EX-99.1
2
ex99-1.htm
EXHIBIT 99.1
ex99-1.htm
Exhibit
99.1
Press
Release
PRESS
RELEASE
FOR
IMMEDIATE RELEASE
October
10, 2008
Contact:
Dennis
M. Terry
President
and Chief Executive Officer
First
Clover Leaf Financial Corp.
(618)
656-6122
FIRST
CLOVER LEAF FINANCIAL CORP. ANNOUNCES COMPLETION
OF
ACQUISITION OF PARTNERS FINANCIAL HOLDINGS, INC.
Edwardsville,
IL - (October 10, 2008) First Clover Leaf Financial Corp. ("First Clover Leaf")
(NASDAQ: FCLF) and its subsidiary, First Clover Leaf Bank, FSB, announced today
that they have completed the acquisition of Partners Financial Holdings Inc.
("Partners") and its subsidiary, Partners Bank, both based in Glen Carbon,
Illinois, by merger of Partners into First Clover Leaf and Partners Bank into
First Clover Leaf Bank, resulting in a combined organization with over $593
million in assets. The holding company resulting from the transactions will
continue to be known as First Clover Leaf Financial Corp. and the resulting
federal savings bank will continue to be known as First Clover Leaf
Bank.
Each
share of Partners common stock was converted into the right to receive either
5.7971 shares of First Clover Leaf common stock or $56 in cash. The
total mix of consideration in the transaction was 50% stock and 50% cash, or up
to 1,072,487 First Clover Leaf common shares and approximately $10.36 million in
cash. Cash will be issued in lieu of fractional shares of First Clover Leaf
common stock at a rate of $9.66 per share. In addition, First Clover
Leaf paid approximately $1.5 million in cash for outstanding Partners options
and warrants.
As a
result of the completion of the acquisition, First Clover Leaf will have
9,249,218 issued and outstanding common shares, subject to adjustment for cash
payments in lieu of fractional shares.
First
Clover Leaf engaged RP Financial, LC, as its financial advisor and Polsinelli
Shalton Flanigan Suelthaus PC served as legal counsel to First Clover
Leaf.
Partners
engaged Stifel Nicolaus & Co., Inc., as its financial advisor. Lewis,
Rice & Fingersh, LC, served as legal counsel to Partners.
About
First Clover Leaf:
First
Clover Leaf Financial Corp. is the parent company of First Clover Leaf Bank, a
federally chartered savings bank, headquartered in Edwardsville, Illinois. The
savings bank operates four full-service offices in Edwardsville and Wood River,
Illinois. As of June 30, 2008, First Clover Leaf's consolidated assets totaled
approximately $421 million and its deposits were approximately $292
million.

text:
Dennis
M. Terry

text:
First
Clover Leaf Financial Corp.

text:
FIRST
CLOVER LEAF FINANCIAL CORP.

text: PARTNERS FINANCIAL HOLDINGS, INC.

text: First Clover Leaf Financial Corp.

text: First Clover Leaf

text: First Clover Leaf Bank

text: Partners Financial Holdings Inc.

text: Partners Bank

text: First Clover

text: Partners Bank

text: First Clover Leaf Bank

text: First Clover Leaf Financial Corp.

text:
First Clover Leaf
Bank

text: First Clover Leaf

text: First Clover Leaf

text: First Clover Leaf

text:
First Clover
Leaf

text: First Clover Leaf

text:
First
Clover Leaf

text: RP Financial, LC

text:
First Clover
Leaf

text: Stifel Nicolaus & Co., Inc.

text:
Lewis,
Rice & Fingersh, LC

text: First Clover Leaf

text:
First
Clover Leaf Financial Corp.

text: First Clover Leaf Bank

text: First Clover Leaf


text:
EX-99.1
4
exhibit_99-1.htm
NEWGIOCO GROUP, INC. PRESS RELEASE, DATED FEBRUARY 4, 2019
Newgioco Completes Acquisition of Virtual
Generation Limited
Accretive Acquisition Accelerates Global
Expansion and
Reinforces Portfolio of Market-Leading
Gaming Technology Platforms
New York -
February 4, 2019
-
Newgioco Group, Inc. ("Newgioco" or the "Company") (OTCQB: NWGI), today announced that the Company
has completed the acquisition of Virtual Generation Limited ("VG"), a leading developer of virtual gaming software,
together with Naos Holding Limited, a private holding company ("Naos"), effective January 30, 2019 for approximately $4.5 million
in a combination of cash and stock.
"Adding VG's virtual gaming technology
to our portfolio of innovative gaming technology platforms reinforces our industry-leading position in the leisure gaming market
and instantaneously expands our global footprint from where Newgioco currently operates to include 12 new countries in South America,
Central Asia and Africa where VG currently operates", stated Michele (Mike) Ciavarella, Chief Executive Officer of Newgioco.
"With virtually no overlap between the markets we each currently serve, we are creating additional revenue opportunities
to cross-sell VG's software and our own ELYS platform, diversify our revenues and strengthen our gaming platforms as we pursue
the newly emerging U.S. sports betting market".
Newgioco plans to utilize the VG platform for
racing, keno, American Roulette and other casino games, within its ELYS platform. Simultaneously, Newgioco plans to introduce the
VG product line into the regulated Italian market, utilizing Newgioco's existing Italian ADM platform certification.
"We are intimately knowledgeable about
the power of the assets we have purchased as VG's platform has been operating on our ELYS platform for some time,"
added Mr. Ciavarella. "We are eager to pursue and engage with customers on a number of near-term opportunities, including
the tribal gaming market in the U.S. We expect this acquisition to be immediately accretive to our first quarter 2019 financial
results."
VG's software is a random number generator
(RNG) certified by Gaming Laboratories International (GLI) and includes a growing portfolio of products including horse racing
and greyhound racing, league play football (soccer), keno and American roulette. VG currently operates in Italy, Albania, Turkey,
Mexico, Peru, Paraguay, Nicaragua, Honduras, Colombia, Dominican Republic, Nigeria and Uganda.
Financial Details of the Transaction
The Company paid the sellers €4 million
in consideration for all the ordinary shares of VG and Naos comprised of a cash payment of €108,000, the issuance of shares
of the Company's common stock valued at €89,000, a promissory note providing for the payment of (a) €2,392,000
in cash in 23 equal and consecutive monthly installments of €104,000 with the first payment due and payable one month after
the Closing Date and €1,411,000 in shares of the Company's common stock in 17 equal and consecutive monthly installments
of €83,000 as determined by the average of the closing prices of such shares on the last 10 trading days immediately preceding
the determination date of each monthly issuance, commencing on March 1, 2019.
In addition, the Company agreed to pay the
Sellers as an earn-out payment in shares of the Company's common stock within one month from the end of the business year
2019 equal to an aggregate amount of €500,000, if the amounts of bets made by the users through the VGS platform related to
the 2019 fiscal year of the Company is at least 5% higher than the amounts of bets made by the users through the VGS platform related
to the 2018 fiscal year of the Company.
About Virtual Generation Limited
Virtual Generation Ltd. is a software development
company specializing in the production and distribution of highly advanced platforms for virtual betting. Virtual Generation uses
advanced and complete betting management software, unsurpassed, flexible and customizable, adaptable to different types of companies
and markets. VG was founded in 2014 and has grown from processing 67,000 bet tickets in its first year to over 20 million bet tickets
in 2018 for its online and land-based B2B customers in 12 countries in Europe, Latin America and Africa.
About
Newgioco Group, Inc.
Newgioco
Group, Inc., headquartered in Toronto, Canada, is a vertically-integrated leisure gaming technology company, with fully licensed
online and land-based gaming operations and innovative betting technology platforms that provide bet processing for casinos and
other gaming operators. The Company conducts its business under the registered brand Newgioco primarily through its internet-based
betting distribution network on its website, www.newgioco.it as well as retail neighborhood betting shops situated throughout Italy.
The Company
offers its clients a full suite of leisure gaming products and services, such as sports betting, virtual sports, online casino,
poker, bingo, interactive games and slots. Newgioco also owns and operates innovative betting platform software providing both
B2B and B2C bet processing for casinos, sports betting and other online and land-based gaming operators. Additional information
is available on our corporate website at www.newgiocogroup.com.
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 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 and includes statements such
as plans to utilize the proven VG platform for racing, keno, American Roulette and other casino games, within its ELYS platform,
plans to introduce the VG product line into the regulated Italian market and the acquisition of VG being immediately accretive
to Newgioco in 2019 These forward-looking statements are based on management's expectations and assumptions as of the date of this
press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual
results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements.
Important factors that could cause actual results to differ materially from current expectations include our ability to
use the
VG platform for racing, keno, American Roulette and other casino games, within its ELYS platform,
our ability to introduce the VG product line into the regulated Italian market and our ability to implement the VG acquisition
so that it is immediately accretive to Newgioco in 2019, and the risk factors described in Newgioco's Annual Report on Form 10-K
and subsequent filings with the U.S. Securities and Exchange Commission, including subsequent periodic reports on Forms 10-Q and
8-K. The information in this release is provided only as of the date of this release, and 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, except as required by law
For further information, please contact:
Hayden IR
Cameron Donahue (651) 653-1854 or Brett Maas (646) 536-7331
nwgi@haydenir.com

text: NEWGIOCO GROUP, INC.

text: Newgioco

text:
Virtual
Generation Limited

text: Newgioco Group, Inc.

text: Newgioco

text: Virtual Generation Limited

text: Newgioco

text: Newgioco

text: Newgioco

text: Newgioco

text: Newgioco

text: Virtual Generation Limited

text: Newgioco Group, Inc.

text:
Newgioco
Group, Inc.

text: Newgioco

text: Newgioco

text: Newgioco

text: Newgioco

text: Newgioco


text:
EX-99.1
9
ex99_1.htm
EXHIBIT 99.1
ex99_1.htm
Exhibit 99.1
FOR IMMEDIATE RELEASE
December 28, 2010
Genesis Energy, L.P. Announces the
Elimination of its Incentive Distribution Rights
HOUSTON - (BUSINESS WIRE) - Genesis Energy, L.P. (NYSE: GEL) announced today that it has permanently eliminated its incentive distribution rights (IDR's) and converted its two percent general partner interest into a non-economic interest. Prior to this IDR restructuring transaction, our general partner was entitled to over 50% of any increased distributions we would pay to our common units. In exchange for the IDR's and the two percent economic interest attributable to our general partner interest, we issued 20 million common units and 7 million "Waiver" units to the stakeholders of our general partner, less approximately 145,000 common and 50,000 Waiver units that have been reserved for a new deferred equity compensation plan for employees. The Waiver units have the right to convert into Genesis common units in four equal installments in the calendar quarter during which each of our common units receives a quarterly distribution of at least $0.43, $0.46, $0.49 and $0.52, if our distribution coverage ratio (after giving effect to the then convertible Waiver units) would be at least 1.1 times. The IDR restructuring transaction, which does not require further consents, is effective as of this date.
As a result of the IDR restructuring transaction, we now have approximately 64.6 million common units outstanding (with the former stakeholders of the general partner owning approximately 30% of such units), and our general partner has become (by way of merger) one of our wholly-owned subsidiaries. There has been no change in the composition of the Board of Directors of our general partner. The former stakeholders of the general partner will continue to elect the directors of the general partner in the future.
"This transaction reflects a strategic move by us to lower our equity cost of capital through the permanent elimination of our incentive distributions", said Grant E. Sims, CEO of Genesis. "Over the last four years, we have averaged approximately $300 million in acquisitions and growth capital deployed annually. By lowering our cost of capital, we hope to strengthen our competitive position in the midstream energy space and believe this transaction can enhance our ability to hopefully continue to build long-term value for Genesis".
Sims continued, "Because of the performance based structure of the Waiver units, the interests of management and the other former stakeholders of our general partner are now directly aligned with the holders of our common units, and we're all incented to do what we possibly can to continue our track record of building value for and growing distributions to the holders of our common units".
The transaction was unanimously approved by the Board of Directors of Genesis' general partner based, in part, on the unanimous approval and recommendation of its Conflicts Committee, which is comprised solely of independent directors. The Conflicts Committee engaged Raymond James & Associates, Inc. as its financial advisor (including issuance of a fairness opinion) and Gibson, Dunn & Crutcher LLP as special counsel to the committee. The Board of Directors engaged Robert W.Baird & Co. as its financial advisor and Akin, Gump, Strauss, Hauer & Feld LLP as its legal advisor.
Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis engages in four business segments. The Pipeline Transportation Division is engaged in the pipeline transportation of crude oil and carbon dioxide. The Refinery Services Division primarily processes sour gas streams to remove sulfur at refining operations, principally located in Texas, Louisiana, and Arkansas. The Supply and Logistics Division is engaged in the transportation, storage and supply and marketing of energy products, including crude oil and refined products. The Industrial Gases Division produces and supplies industrial gases such as carbon dioxide and syngas. Genesis' operations are primarily located in Texas, Louisiana, Arkansas, Mississippi, Alabama, Florida and the Gulf of Mexico.
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Although we believe that our expectations are based upon reasonable assumptions, we can give no assurance that our goals will be achieved, including statements regarding closing of the offering. Actual results may vary materially. We undertake no obligation to publicly update or revise any forward-looking statement.
Contact:
Genesis Energy, L.P.
Bob Deere
Chief Financial Officer
(713) 860-2516

text: Grant E. Sims

text: Raymond James & Associates, Inc.

text:
P.
Bob Deere


text:
EX-99.1
2
tm201613d1_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
ANI Pharmaceuticals Announces Acquisition of Commercial and
Pipeline Generic Products from Amerigen Pharmaceuticals, Ltd.
BAUDETTE, Minnesota (January 9, 2020)
- ANI Pharmaceuticals,
Inc. ("ANI") (Nasdaq: ANIP) today announced the acquisition of the U.S. portfolio of 23 generic products from Amerigen
Pharmaceuticals, Ltd. for $52.5M in cash at close and up to $25M in contingent profit share payments over the next four years.
The contingent payments are earned when annual gross profit exceeds a minimum threshold and are earned on a subset of the acquired
products. The acquired portfolio includes ten commercial products, three approved products with launches pending, four filed products
and four in-development products as well as a license to commercialize two approved products. The transaction was funded from cash
on hand.
Arthur S. Przybyl, ANI's President and CEO stated, "This
exciting acquisition, which is immediately accretive to our non-GAAP adjusted EBITDA, substantially increases our commercial portfolio
and late stage generic pipeline. Over the next several years we see meaningful opportunity to generate incremental synergy as we
leverage ANI's sales infrastructure and internal capabilities in warehousing, distribution, manufacturing and packaging".
About ANI
ANI Pharmaceuticals, Inc. (the "Company" or "ANI")
is an integrated specialty pharmaceutical company developing, manufacturing, and marketing branded and generic prescription pharmaceuticals.
The Company's targeted areas of product development currently include narcotics, oncolytics (anti-cancers), hormones and steroids,
and complex formulations involving extended release and combination products. For more information, please visit our website www.anipharmaceuticals.com.
Forward-Looking Statements
To the extent any statements made in this release deal with
information that is not historical, these are forward-looking statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Such statements include, but are not limited to, statements about price increases, the Company's future
operations, products, financial position, operating results and prospects, the Company's pipeline or potential markets therefor,
and other statements that are not historical in nature, particularly those that utilize terminology such as "anticipates,"
"will", "expects", "plans", "potential", "future", "believes,"
"intends", "continue", other words of similar meaning, derivations of such words and the use of future
dates.
Uncertainties and risks may cause the Company's actual
results to be materially different than those expressed in or implied by such forward-looking statements. Uncertainties and risks
include, but are not limited to, the risk that the Company may face with respect to importing raw materials; increased competition;
acquisitions; contract manufacturing arrangements; delays or failure in obtaining product approval from the U.S. Food and Drug
Administration; general business and economic conditions; market trends; products development; regulatory and other approvals and
marketing; failure to successfully integrate the product portfolio acquired from Amerigen or to otherwise realize the expected
benefits of the acquisition.
More detailed information on these and additional factors that
could affect the Company's actual results are described in the Company's filings with the Securities and Exchange Commission,
including its most recent annual report on Form 10-K and quarterly reports on Form 10-Q, as well as its proxy statement. All forward-looking
statements in this news release speak only as of the date of this news release and are based on the Company's current beliefs,
assumptions, and expectations. The Company undertakes no obligation to update or revise any forward-looking statement, whether
as a result of new information, future events or otherwise.
For more information about ANI, please contact:
Investor Relations
IR@anipharmaceuticals.com

text: ANI Pharmaceuticals

text: Amerigen Pharmaceuticals, Ltd.

text:
ANI Pharmaceuticals,
Inc.

text:
Amerigen
Pharmaceuticals, Ltd.

text: ANI Pharmaceuticals, Inc.

text: Amerigen


text:
EX-99.1
2
v343975_ex99-1.htm
EX-99.1
CONTACTS
From: Anthony J. DeFazio
For: Brian S. Block, EVP & CFO
Diccicco Battista Communications
American Realty Capital Trust V, Inc.
tdefazio@ddcworks.com
bblock@arlcap.com
Ph: (484-342-3600)
Ph: (212-415-6500)
FOR IMMEDIATE RELEASE
American Realty Capital Trust V Makes
First Two Acquisitions
New York, New York, May 6, 2013 ˗
American Realty
Capital Trust V, Inc. ("ARCT V") announced today that it closed on its first two acquisitions
- two build-to-suit Dollar General stores located in Mission, Texas and Sullivan, Missouri. The purchase price of the properties
was $2.2 million, exclusive of closing costs, and the properties were purchased at an average capitalization rate of 7.7% (calculated
by dividing annualized rental income on a straight-line basis by base purchase price).
The Dollar General stores contain 18,126 rentable square feet
and are net leased to a subsidiary of Dollar General Corporation (NYSE: DG), which guarantees the leases and carries an investment
grade credit rating as determined by major credit rating agencies.
Dollar General Corporation is the largest small-box discount
retailer in the United States. Dollar General Corporation's stores offer convenience and value to customers, by offering
consumable basic items that are frequently used and replenished, such as food, snacks, health and beauty aids and cleaning supplies,
as well as a selection of basic apparel, housewares and seasonal items at everyday low prices.
Important Notice
ARCT V is a publicly registered, non-traded
real estate investment trust ("REIT") that intends to qualify as a REIT for tax purposes with the taxable year ending
December 31, 2013.
The statements in this press release that
are not historical facts may be forward-looking statements. These forward-looking statements involve risks and uncertainties that
could cause the outcome to be materially different. In addition, words such as "anticipate", "believe,"
"expect" and "intend" indicate a forward-looking statement, although not all forward-looking statements
include these words.
For more information about this announcement,
please contact Tony DeFazio at 484-342-3600 or
tdefazio@ddcworks.com
.

text: American Realty Capital Trust V, Inc.

text:
American Realty
Capital Trust V, Inc.


text:
EX-99.2
3
v074073_ex99-2.htm
Exhibit
99.2
MIKRON
INFRARED ANNOUNCES THAT IT INTENDS TO VOLUNTARILY
DELIST
ITS SHARES FROM THE NASDAQ CAPITAL MARKET
Oakland,
NJ - May 8, 2007 -
Mikron
Infrared, Inc. (NASD: MIKR) announced that, by reason of its acquisition by
LumaSense Technologies, Inc., which was completed on May 7, 2007, Mikron has
given notice to the Nasdaq Stock Market that it intends to voluntarily delist
its shares of common stock from the Nasdaq Capital Market. Such delisting will
not occur prior to May 19, 2007.
LumaSense's
acquisition of Mikron was consummated pursuant to an Agreement and Plan of
Merger dated February 8, 2007 between and among LumaSense, Red Acquisition
Corporation, a wholly owned subsidiary of LumaSense, and Mikron. Pursuant to
that agreement, Red Acquisition Corporation merged with and into Mikron, and
Mikron thereby became a wholly owned subsidiary of LumaSense.
Upon
consummation of that transaction, each of Mikron's outstanding 5,588,556 shares
of common stock was cancelled and the holders thereof became entitled to receive
$11.50 per share without interest.
About
Mikron
Mikron
Infrared, Inc. has been an innovative leader in the field of infrared
non-contact temperature measurement since 1969. The company is an innovative
provider of infrared non-contact temperature solutions for applications in
the
steel, glass, petroleum, chemistry, food and beverage, glass, medical, power,
semiconductor and security industries. Mikron also offers experience in many
different thermal applications, specialized software, and custom camera
configurations.
About
LumaSense Technologies, Inc.
LumaSense
Technologies is a global leader in providing quality sensor instrumentation
to
the clean technology, medical and energy markets. LumaSense is an operating
company with a strategy to acquire other leading sensor instrumentation
companies serving similar customers with complementary technologies and
products. LumaSense's acquisitions are industry pioneers with hundreds of global
customers: Luxtron Corporation - fiber optic temperature measurement sensors;
Innova AirTech Instruments - trace gas monitoring and analysis; Andros -
non-dispersive and dispersive infrared gas analysis; Mikron Infrared -
non-contact temperature measurement, thermal imaging systems and blackbody
calibration instruments. LumaSense is backed by Oak Investment Partners, a
leading multi-stage venture capital firm with a 28 year history and DFJ Element,
a leading venture capital investor in clean technology.
Contact:
Paul
A. Kohmescher
201-405-0900

text:
Mikron
Infrared, Inc.

text: LumaSense Technologies, Inc.

text: Mikron

text: LumaSense

text: Mikron

text: LumaSense

text: LumaSense

text: Mikron

text: Mikron

text: Mikron

text: LumaSense

text: Mikron

text: Mikron

text:
Mikron
Infrared, Inc.

text: Mikron

text: LumaSense Technologies, Inc.

text: LumaSense

text: LumaSense

text: LumaSense

text: Oak Investment Partners

text: DFJ Element


text:
EX-99
3
ex99pressrelease.txt
EXHIBIT 99.2 - PRESS RELEASE
Motorsports Emporium Divests Itself of its Gaming Subsidiary
- Company Sheds Unprofitable Gaming Operation and Liabilities -
SCOTTSDALE, Ariz.--Dec. 21, 2004--David Keaveney, CEO of Motorsports Emporium,
Inc. (OTCBB:MSEP), announced today that it has completed divested itself -
itself of its gaming subsidiary and related gaming assets and liabilities
thereby repositioning its balance sheet for new growth opportunities as it
accelerates into the Motor Sports industry through its operating subsidiary
Scottsdale Diecast and its premier website www.ScaleCars.com.
The company's wholly-owned subsidiary, Ten Stix Gaming Inc., assumed all gaming
related assets and liabilities of the parent company and was transferred to
Thomas Sawyer and Tony Cranford, e effective December 20.
David Keaveney, commented, "Since my appointment as CEO in late September 2004,
I immediately began reengineering the company's business model to focus on the
high growth motor sports industry by seeking acquisition candidates that could
bring solid revenue results and much needed positive cash flow while casting off
the unprofitable gaming business".
Keaveney continued, "Today I am happy to say that we have completed the initial
steps of our strategic plan by spinning off our gaming subsidiary to former
management and by the asset acquisition of Scalecars.com from former Ferrari
race driver, Ron Adams. We will end the fiscal year on December 31 with a new
direction, a stronger balance sheet and a motor sports business targeted to
increase revenues to the $1,000,000 to $5,000,000 range as we accelerate our
operations thru strategic acquisitions and ventures to include trackside events,
sponsorship programs, product distribution and partnerships".
About Motorsports Emporium
Motorsports Emporium, Inc. (OTCBB:MSEP) is a fast track new company in the Motor
Sports industry targeting amateur and professional motor enthusiasts who take
pride in displaying models of their cars, participating in car events and
enhancing their driving pleasure.
For further information about Motorsports Emporium, Inc. or ScaleCars.com
contact David Keaveney at 480-556-0821, via e-mail at david@scalecars.com or to
purchase products click on www.scalecars.com.
This news release may include forward-looking statements within the meaning of
section 27A of the United States Securities Act of 1933, as amended, and section
21E of the United States Securities and Exchange Act of 1934, as amended, with
respect to achieving corporate objectives, developing additional project
interests, the company's analysis of opportunities in the acquisition and
development of various project interests and certain other matters. These
statements are made under the "Safe Harbor" provisions of the United States
Private Securities Litigation Reform Act of 1995 and involve risks and
uncertainties which could cause actual results to differ materially from those
in the forward-looking statements contained herein.

text: Motorsports Emporium

text: David Keaveney

text: Motorsports Emporium

text: Ten Stix Gaming Inc.

text: David Keaveney

text: Motorsports Emporium

text: Motorsports Emporium

text: Motorsports Emporium

text: David Keaveney


text:
EX-99.2
9
dp05079_ex9902.htm
Unassociated Document
EXHIBIT
99.2
CVS/Caremark
Corporation Announces Board of Directors
WOONSOCKET,
R.I. --CVS/Caremark Corporation (NYSE: CVS) today announced the members of
the
Company's Board of Directors. As previously disclosed, members of the 14-member
Board of Directors were evenly split among designees from CVS Corporation and
Caremark Rx, Inc. Former Caremark Chairman and CEO Mac Crawford has been elected
as Chairman of the Board of Directors of the combined company. Tom Ryan will
continue to serve as President and Chief Executive Officer, a position he has
held at CVS/pharmacy since 1994.
The
following individuals named to the Board from CVS are:
·
Thomas
M. Ryan - President and CEO, CVS/Caremark Corporation
·
David
W. Dorman - Senior Advisor and Partner, Warburg Pincus LLC
·
Marian
L. Heard - President and CEO, Oxen Hill Partners
·
William
H. Joyce - Chairman and CEO, Nalco Company
·
Terrence
Murray -former Chairman and CEO, FleetBoston Financial Corporation
·
Sheli
Z. Rosenberg - former Vice Chairman, President and CEO, Equity Group
Investments, LLC.
·
Richard
J. Swift - former Chairman, President, and CEO, Foster Wheeler Ltd.
The
following individuals named to the Board from Caremark are:
·
E.
Mac Crawford - Chairman, CVS/Caremark Corporation
·
Edwin
M. Banks - Founder, Washington Corner Capital Management, LLC
·
C.
David Brown II - Chairman, Broad and Cassel
·
Kristen
E. Gibney Williams - former executive of Caremark's Prescription
Benefits
Management Division
·
Roger
L. Headrick - Managing General Partner, HMCH Ventures; President
and CEO,
ProtaTek International, Inc.
·
Jean-Pierre
Millon - former President and CEO, PCS Health Systems Inc.
·
C.A.
Lance Piccolo - CEO of HealthPic Consultants, Inc.
"We
are
delighted to announce the Board members that will guide CVS/Caremark as it
looks
to become a powerful force for change in the pharmaceutical services industry,"
Mr. Crawford said. "Our goal is to provide consumers with unparalleled access
and more choice, employers and health plans with lower costs and innovative
new
programs, and shareholders with a highly efficient and more
valuable
company. The expertise and experience of this collective group, we believe,
leaves us best positioned to realize those goals".
"The
composition of this Board is just another example of the combined strength
this
new company brings to the table", Mr. Ryan said.
About
CVS/Caremark
CVS/Caremark
is the nation's premier integrated pharmacy services provider, combining one
of
the nation's leading pharmaceutical services companies with the country's
largest pharmacy chain. The company fills or manages more than one billion
prescriptions per year, more than any other pharmacy services provider.
CVS/Caremark drives value for pharmacy services customers by effectively
managing pharmaceutical costs and improving healthcare outcomes through its
6,200 CVS/pharmacy stores; its pharmacy benefit management, mail order and
specialty pharmacy division, Caremark Pharmacy Services; its retail-based health
clinic subsidiary, MinuteClinic; and its online pharmacy, CVS.com. General
information about CVS/Caremark is available through the Investor Relations
portion of the Company's website, at http://investor.cvs.com, as well as through
the pressroom portion of the Company's website, at
www.cvs.com/pressroom.
Contact:
CVS/Caremark
Corporation
Investors:
Nancy
Christal, 914-722-4704
VP,
Investor Relations
or
Media:
Eileen
Howard Dunn, 401-770-4561
VP,
Corporate Communications

text: CVS

text: Caremark

text: CVS

text: Caremark Corporation

text: CVS

text: CVS Corporation

text: Caremark

text: Caremark

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text: Caremark


text:
EX-99.1
2
ex-99_1.htm
PRESS RELEASE DATED DECEMBER 21, 2006
EX-99.1 Press Release Dated December 21, 2006
Exhibit 99.1 Press Release Dated December 21, 2006
ZUNICOM Announces Sale of Universal Power Group Stock
Carrollton, Texas, December 21, 2006 - Zunicom, Inc. (OTCBB: ZNCM.OB), announced today that, in connection with the initial public offering by its subsidiary Universal Power Group, Inc., it has sold 1 million shares of UPG's common stock at a price of $7.00 per share, resulting in $7 million of gross and approximately $6.4 million of net proceeds. In the offering, UPG sold 2 million of its shares. UPG is a leading distributor of batteries and other portable power supply products and accessories and a leader provider of supply chain management services. Zunicom has retained 2 million UPG shares. Zunicom also owns 100% of AlphaNet Hospitality Systems, Inc., a leading provider of business communications services to the hospitality market.
The common stock offering may be made only by means of a prospectus, copies of which may be obtained by contacting Ladenburg Thalmann & Co. Inc., 153 East 53
rd
Street, New York, NY 10022, or Wunderlich Securities, Inc., 6000 Polar Ave., Ste. 150, Memphis, TN 38119.
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on December 20, 2006. This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities described in the registration statement, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The foregoing description is qualified in its entirety by reference to the registration statement, as amended, relating to the offering, a copy of which is available on the SEC web site at www.sec.gov.
About Zunicom, Inc.
Zunicom, Inc. (
www.zunicom.com)
through its wholly owned subsidiary, AlphaNet Hospitality Systems, Inc. (
www.alphanet.net
)
, provides business communication services to the hospitality industry.
Forward Looking Statement Disclaimer
This release contains a number of forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expresses or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes", "belief", "expects", "expect", "intends", "intend", "anticipate", "anticipates", "plans", "plan", to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with Securities and Exchange Commission.

text: ZUNICOM

text: Universal Power Group

text: Zunicom, Inc.

text: Universal Power Group, Inc.

text: UPG

text: UPG

text: UPG

text: Zunicom

text: UPG

text: Zunicom

text: AlphaNet Hospitality Systems, Inc.

text: Zunicom, Inc.

text: Zunicom, Inc.

text: AlphaNet Hospitality Systems, Inc.


text:
EX-99.1
12
ex991.htm
EXHIBIT 99.1
Exhibit 99.1
Exhibit
99.1
PRESS
RELEASE
SOURCE:
WPCS International Incorporated
WPCS
Completes Major Electric and Max Engineering Acquisitions
EXTON,
PA - (PR Newswire - First Call) - August 7, 2007) - NASDAQ: WPCS -
News) WPCS
International Incorporated (WPCS), a leader in design-build engineering services
for specialty communication systems and wireless infrastructure, has announced
that it has completed the acquisition of Major Electric and Max
Engineering.
The
Major
Electric transaction was concluded on August 1, 2007. WPCS acquired Major
Electric for $3 million in cash and 80,000 shares of WPCS stock priced at $12.50
per share. Additional purchase price will be paid upon the achievement of a
specific earnings target for a period ending December 31, 2007. Historically
profitable, Major Electric is projected to achieve approximately $16 million
in
revenue and $1.5 million in earnings before interest and taxes for their current
fiscal year ending December 31, 2007.
The
Max
Engineering transaction was concluded on August 2, 2007. WPCS acquired Max
Engineering for $600,000 in cash and 17,007 shares of WPCS stock priced at
$11.76 per share. Additional purchase price will be paid upon the achievement
of
a specific earnings target for a period of two years. Historically profitable,
Max Engineering generated $1.5 million in revenue and $328,000 in earnings
before interest and taxes for their fiscal year ended December 31,
2006.
About
WPCS International Incorporated:
WPCS
International Incorporated provides design-build engineering services for
specialty communication systems and wireless infrastructure including site
design, integration, structured cabling, electrical contracting, trenching,
construction and maintenance for corporations, government entities and
educational institutions worldwide. For more information, please visit our
website at www.wpcs.com.
Statements
about the company's future expectations, including future revenue and earnings
and all other statements in this press release, other than historical facts,
are
"forward looking" statements and are made pursuant to the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995. Such forward looking
statements involve risks and uncertainties and are subject to change at any
time. The company's actual results could differ materially from expected
results. In reflecting subsequent events or circumstances, the company
undertakes no obligation to update forward-looking statements.
CONTACT
:
Carol
Lindley
WPCS
International Incorporated
610-903-0400
x100
ir@wpcs.com

text: Major Electric

text: Max Engineering

text: Major Electric

text:
Max
Engineering

text:
Major
Electric

text:
Major
Electric

text: Major Electric

text:
Max
Engineering

text:
Max
Engineering

text: Max Engineering


text:
EX-99.1
3
lantronix_ex9901.htm
PRESS RELEASE
Exhibit 99.1
Immediate Release
Lantronix Acquires Maestro and FALCOM
Holdings Limited
Irvine, CA - July 8, 2019
- Lantronix,
Inc. (the "Company") (NASDAQ: LTRX), a global provider of secure data access and management solutions for the
industrial Internet of Things (IoT), today announced that it acquired all of the business of Maestro & FALCOM Holdings Limited
(Maestro), a leading supplier of wireless IoT products, by acquiring 100% of the issued share capital of each of its operating
subsidiaries, Maestro Wireless Solutions Limited and Fargo Telecom Asia Limited for $4.9 million in cash, subject to customary
purchase price adjustments.
Maestro is a leader in wireless IoT with a strong focus on cellular
connectivity. Maestro designs, manufactures, and sells state of the art Global Navigation Satellite System (GNSS) receivers, trackers,
modems, routers, and gateways ideally suited to numerous M2M and IoT applications, including industrial automation and Supervisory
Control And Data Acquisition (SCADA), energy and metering, tracking and automotive.
Xavier Dupont, Sr. Director, Mobility Solutions stated that,
"We are excited to integrate our products with the Lantronix solutions. The natural synergy and common strategy to provide
industrial grade cost competitive solutions with comprehensive device management capability across a unified portfolio will provide
deeper penetration into key regional markets and enable the combined companies to cross-sell and provide customers a more robust
offering."
"The addition of Maestro's product portfolio and
industry-leading cellular connectivity technology is the perfect complement to the Lantronix portfolio of IoT solutions,"
stated Paul Pickle, president, and CEO of Lantronix. "This acquisition allows Lantronix to offer "best in class"
products in wired Ethernet, Wi-Fi, LoRa/LPWAN, and now in cellular environments as well. This transaction represents Lantronix's
commitment to deliver incremental growth and shareholder value through acquisition".
About Lantronix
Lantronix, Inc. is a global provider of secure data access and
management solutions for Internet of Things (IoT) assets. Our mission is to be the leading supplier of IoT solutions that enable
companies to dramatically simplify the creation, deployment, and management of IoT projects while providing secure access to data
for applications and people.
1
With more than two decades of experience in creating robust
machine to machine (M2M) technologies, Lantronix is an innovator in enabling our customers to build new business models and realize
the possibilities of the Internet of Things. Our connectivity solutions are deployed inside millions of machines serving a wide
range of industries, including industrial, medical, security, transportation, retail, financial, environmental and government.
Lantronix is headquartered in Irvine, California. For more information,
visit www.lantronix.com.
Lantronix Media Contact:
Lantronix Analyst and Investor Contact:
Gail Kathryn Miller
Jeremy Whittaker
Corporate Marketing &
Communications Manager
Chief Financial
Officer
media@lantronix.com
investors@lantronix.com
949-453-7158
949-453-7241
Lantronix Sales:
sales@lantronix.com
Americas +1 (800) 422-7055 (US and Canada)
or +1 949-453-3990
Europe, Middle East and Africa +31 (0)76
52 36 744
Asia Pacific + 852 3428-2338
China + 86 21-6237-8868
Japan +81 (0) 50-1354-6201
India +91 994-551-2488
General FAQ link:
https://cdn.lantronix.com/wp-content/uploads/pdf/maestro-falcom-acquisition-faq.pdf
© 2019 Lantronix, Inc. All
rights reserved.
2

text: Lantronix

text:
Maestro and FALCOM
Holdings Limited

text: Lantronix

text: Maestro & FALCOM Holdings Limited

text: Lantronix

text: Lantronix

text: Paul Pickle

text: Lantronix

text: Lantronix

text: Lantronix

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text: Lantronix

text: Lantronix

text: Lantronix

text: Lantronix

text: Lantronix

text: Lantronix

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text:
EX-99
2
rotoblock8ka2_ex99.htm
PRESS RELEASE
EXHIBIT 99.1
Press Release Regarding the Acquistion of diafu Waste Management
Rotoblock Completes Share Exchange in Acquisition of DaifuWaste's Green Medical Waste Treatment Systems
in China
Non-Incinerator-based Medical Waste Treatment Technology Less Toxic, More Efficient than Conventional Methods
SANTA ROSA, California November 22, 2001 - Rotoblock, Inc. (OTC BB: ROTB) announced that it has completed
its agreement and share exchange with daifuWaste Management Holdings Limited, its shareholders and Rotoblock CEO Chien Chih Liu,
the principal shareholder dated November 11, 2011. Daifu shareholders have transferred 83% of their shares to Rotoblock in exchange
for 73.8 million shares of common stock in Rotoblock.
Under the agreement, Rotoblock has acquired controlling ownership of daifuWaste and its subsidiaries, business
and operations. DaifuWaste and its subsidiaries develop and sell non-incinerator medical waste treatment systems in China. Daifu's
medical waste treatment non-incinerated systems offer a safer and more efficient alternative to managing medical waste. Unlike
incinerators, which can release dangerous substances into the air, Daifu's system eliminates the risk of dioxins and consumes less
energy. The equipment works under high-pressure and high-temperature and uses recycled steam to sterilize and disinfect the medical
waste. After treatment, the medical waste is non-recognizable and harmless, ready for landfill. The technology is also more efficient
and environmentally-friendly with lower maintenance costs and fully compliant with international health standards.
All outstanding warrants for the purchase of the aggregate 9.3 million shares of common stock in Rotoblock
have been left intact and remain outstanding after the Share Exchange. As a result of the share exchange, Daifu has become the
wholly-owned subsidiary of Rotoblock and Daifu shareholders acquired approximately 83.1 percent of our issued and outstanding common
stock, warrants and their equivalents, as put forth in a recent 8-K filing with the Securities and Exchange Commission.
Prior to the share exchange, Rotoblock was a development stage company based on energy-efficient and
environmental equipment technology development in China, which include rights a patented engine technology and prototype called
the Oscillating Piston Engine. The Company also holds shares in Samyang Optics Co., Ltd., a publicly-traded South Korean corporation.
Rotoblock was incorporated in the State of Nevada on March 22, 2004. Prior to this the company was incorporated in Canada. Daifu
was incorporated in the Cayman Islands on August 1, 2000 and owns 100 percent of daifuWaste Management Holding, which has several
subsidiaries: daifuWaste Solutions Inc., daifiWaste Investment Limited, 95 percent of Hydroclave China and dafuWaste Investment
(Hong Kong) Limited, which owns Puhua Kangjian Environment Technology (Shenzhen) Limited of People's Republic of China.
Safe Harbor Statement: Statements in this press release may contain forward-looking statements
that involve risks and uncertainties, some of which are beyond our control (for example, general economic conditions). Our actual
results could differ significantly from the results described in the forward-looking statements. Factors that could cause such
differences include changes in governmental regulation of medical waste collection and treatment and increases in transportation
and other operating costs, as well as the other factors described in our filings with the U.S. Securities and Exchange Commission.
As a result, past financial performance should not be considered a reliable indicator of future performance, and investors should
not use historical trends to anticipate future results or trends. We make no commitment to disclose any subsequent revisions to
forward-looking statements.
CONTACT:
Chien Chih Liu
Chief Executive Officer
707-578-5220

text: Rotoblock

text: DaifuWaste

text: Rotoblock, Inc.

text: daifuWaste Management Holdings Limited

text: Rotoblock

text: Chien Chih Liu

text: Daifu

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text: Rotoblock

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text: Daifu

text: daifuWaste

text: Chien Chih Liu


text:
EX-99.1
2
d730462dex991.htm
EX-99.1
EX-99.1
Exhibit 99.1
Brightcove Completes Acquisition
of Ooyala's Online Video Platform Business
BOSTON - April
1, 2019 -
Brightcove Inc.
(NASDAQ: BCOV), the leading provider of cloud services for video, today announced it
has completed the acquisition of the online video platform business of Ooyala, a provider of cloud video technology.
The strategic acquisition
strengthens Brightcove's position as the market leader in the online video industry. Ooyala OVP customers join an already impressive list of companies working with Brightcove.
"This is an exciting time for the company as we integrate Ooyala's OVP business into Brightcove. We are thrilled to welcome Ooyala's OVP
customers to the family, along with our new team members in Guadalajara and around the globe. We look forward to providing a world-class experience for all of our new, future, and existing customers and employees" said Jeff Ray, CEO,
Brightcove. "The addition of our new team members further positions Brightcove to accelerate our speed of innovation and provide deeper support for all of our customers. We are living in the age of video and are 100% committed to ensuring that
our customers reap the power and value of video technology to help propel their businesses forward".
Since its inception, Brightcove has been
dedicated to building a
best-in-class
global video platform with solutions to support media, entertainment, marketing, and enterprise companies. Aspects of Ooyala's
technology will be integrated into the Brightcove platform to provide a best in class offering for all customers.
To learn more about Brightcove
solutions,
contact us directly
, join video enthusiasts and Brightcove users from around the world at the only video conference of its kind at
PLAY 2019
, May
14-16,
in Boston, or visit booth
#SU1920 at
NAB Show
from April
8-11,
in Las Vegas.
About Brightcove
Brightcove Inc.
(NASDAQ:BCOV) is the leading global provider of powerful cloud solutions for managing, delivering, and monetizing video experiences on
every screen. A pioneering force in the world of online video since the company's founding in 2004, Brightcove's award-winning technology, unparalleled services, extensive partner ecosystem, and proven global scale have helped thousands of
companies in over 70 countries achieve better business results with video. To learn more,
visit www.brightcove.com
.
Forward-Looking Statements
This press release includes certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995,
including statements concerning our position to execute on our growth strategy, the successful integration of Ooyala's online video platform (OVP) business, customers and personnel, and our ability to expand our leadership position and market
opportunity. These forward-looking statements include, but are not limited to, plans, objectives, expectations and intentions and other statements contained in this press release that
are not historical facts and statements identified by words such as "expects", "anticipates", "intends", "plans", "believes", "seeks,"
"estimates" or words of similar meaning. These forward-looking statements reflect our current views about our plans, intentions, expectations, strategies and prospects, which are based on the information currently available to us and on
assumptions we have made. Although we believe that our plans, intentions, expectations, strategies and prospects as reflected in or suggested by those forward-looking statements are reasonable, we can give no assurance that the plans, intentions,
expectations or strategies will be attained or achieved. Furthermore, actual results may differ materially from those described in the forward-looking statements and will be affected by a variety of risks and factors that are beyond our control
including, without limitation: our ability to integrate the technologies, products, operations, contracts and personnel of Ooyala's OVP business and realize the anticipated benefits of the acquisition; expectations regarding the widespread
adoption of customer demand for our products; the effects of increased competition and commoditization of services we offer, including data delivery and storage; our ability to expand the sales of our products to customers located outside the U.S.;
keeping up with the rapid technological change required to remain competitive in our industry; our ability to retain and support existing customers; our ability to manage our growth and organizational change; and other risks set forth under the
caption "Risk Factors" in our most recently filed Annual Report on Form
10-K
and our other SEC filings. We assume no obligation to update any forward-looking statements contained in this document as
a result of new information, future events or otherwise.
Contacts:
Investors:
ICR for Brightcove
Brian Denyeau,
646-277-1251
brian.denyeau@icrinc.com
or
Media
Meredith Duhaime
Brightcove, PR Manager
mduhaime@brightcove.com
|
603-785-8518
Twitter: @MeredithDuhaime

text: Brightcove

text: Ooyala

text: Video Platform Business

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text: video platform business

text: Ooyala

text: Brightcove

text: Ooyala

text: Brightcove

text: Ooyala

text: Brightcove

text: Ooyala

text: Jeff Ray

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text: Brightcove

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text: Brightcove

text: Brightcove

text: Brightcove Inc.

text: Brightcove

text: Ooyala

text: Ooyala

text: Brightcove

text: Brightcove


text:
EX-99.1
2
a16-4300_1ex99d1.htm
EX-99.1
Exhibit 99.1
CTC MEDIA, INC. ANNOUNCES RECEIPT OF FINAL TRANCHE
OF PURCHASE PRICE FOR BUSINESS SALE
Moscow, Russia
-
February 12, 2016
- CTC Media, Inc. (the "Company") (NASDAQ: CTCM) today announced that it has received the final tranche of the purchase price for its sale of 75% of the outstanding participation interests in its subsidiary CTC Investments LLC to UTV-Management LLC. The sale closed on December 23, 2015, and was intended to bring the operating business into compliance with the foreign ownership restrictions of the Russian Mass Media Law, which became effective on January 1, 2016. CTC Media, Inc. received $150.5 million in cash at closing. An additional $50 million was held back and was subject to adjustment based on the performance of the business during the second half of 2015 and agreed indemnity obligations. The Company has received $42.5 million of this additional consideration in cash. The $7.5 million reduction in the total purchase price reflects adjustments for several factors, including identified underinvestment and deferred payments by the group in the second half of 2015 compared with the agreed target budget; a reduction in working capital compared with the agreed target, reflecting the impairment of certain older programming content; and indemnification in connection with the settlement of a commercial litigation matter. The total consideration received in connection with the sale was $193.1 million.
Werner Klatten, Chairman of the Special Committee of the Board of CTC Media, Inc., commented: "The management team achieved solid operating results in the second half of 2015 in a challenging and deteriorating market environment in Russia. Against this macroeconomic backdrop, this performance helped to limit the reduction in the purchase price. We look forward to completing the proposed merger transaction to return value to stockholders as soon as possible".
As previously announced, the Company's stockholders have approved a proposed merger transaction in which a wholly owned subsidiary of the Company would merge with and into the Company, with the Company surviving. Each holder of the Company's outstanding common stock as of the effective time of the merger, other than Telcrest (the holder of 25% of the Company's outstanding shares), would be entitled to receive cash consideration per share based on the aggregate amount of the Company's available cash at such time, net of cash reserves that will be appropriate to be retained by the Company in light of potential liabilities and obligations. The shares of common stock held by Telcrest would remain outstanding following the merger, and Telcrest would be the Company's sole stockholder. Following the merger, the Company would cease to be a publicly traded company.
The Company has requested a license from the Office of Foreign Assets Control of the U.S. Treasury Department to authorize the proposed merger transaction; such license has not yet been received. Assuming such license is granted and the necessary closing conditions are satisfied, the Company expects that the merger will close approximately one month following receipt of such license. Given the uncertainty regarding the timing of receipt of such license, if at all, the Company is unable to estimate at this time the per share amount that would ultimately be returned to stockholders in such merger, but currently expects that it would be at the lower end of the upper half of the range approved by stockholders of $1.77 to $2.19 per share. The Company will update the market as and when the timing and final terms of such proposed transaction are known.
***
For further information, please visit www.ctcmedia.ru or contact:
Hudson Sandler (European Media)
Andrew Hayes / Elena Garside +44 (0)20 7796 4133
CTC Media, Inc.
Investor Relations
+7 495 981 0740
ir@ctcmedia.ru
Media Relations
+7 (495) 785 63 47
pr@ctcmedia.ru
About CTC Media, Inc. and CTC Investments
CTC Media, Inc. is traded on NASDAQ under the symbol "CTCM". CTC Media, Inc. holds a 25% interest in CTC Investments.
CTC Investments is a leading Russian content holding. The group manages four television channels in Russia (CTC, Domashny, Che and CTC Love), as well as Channel 31 in Kazakhstan. The international version of CTC Channel is available in North America, Europe, Central Asia, Armenia, Georgia, Azerbaijan, the Middle East and Kyrgyzstan. The international version of Peretz is also available in Belarus and in Kyrgyzstan. CTC Investments also owns several digital entertainment media assets including videomore.ru, domashniy.ru, ctc.ru, chetv.ru and CarambaTV.
Caution Concerning Forward-Looking Statements
Certain statements in this press release that are not based on historical information are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, among others, statements regarding the Company's proposed merger transaction to be consummated between the Company and a wholly owned subsidiary of the Company; receipt of a license from the Office of Foreign Assets Control of the U.S. Treasury Department ("
OFAC
") to authorize the proposed merger transaction; the timing of the proposed merger transaction, if authorized by OFAC; and the per share amount that would ultimately be returned to stockholders as a result of the proposed merger transaction. These statements reflect the Company's current expectations concerning future results and events. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements.
The potential risks and uncertainties that could cause actual future results to differ from those expressed or implied by forward-looking statements include, among others, risks associated with geopolitical events involving Russia and the other countries in which the Company operates, including any potential negative economic impact of such events; the effect of international economic sanctions; and developments affecting the cash requirements of the Company. These and other risks are described in the "Risk Factors" section of CTC Media, Inc.'s quarterly report on Form 10-Q filed with the SEC on November 9, 2015.
Other unknown or unpredictable factors could have material adverse effects on CTC Media, Inc.'s future results, performance or achievements. You are cautioned not to place undue reliance on these forward-looking statements. CTC Media, Inc. does not undertake any obligation to publicly update or revise any forward-looking statements because of new information, future events or otherwise.

text: CTC MEDIA, INC.

text: CTC Media, Inc.

text: UTV-Management LLC

text: CTC Media, Inc.

text: Werner Klatten

text: CTC Media, Inc.

text: CTC Media, Inc.

text: CTC Media, Inc.

text: CTC Media, Inc.

text: CTC Media, Inc.

text: CTC Media, Inc.

text: CTC Media, Inc.

text: CTC Media, Inc.