text:
EX-99.1
26
ex99-1.htm
Exhibit 99.1
VirTra
Scales Manufacturing Capabilities with Purchase of Industrial Building in Chandler, Arizona
Building
will Serve as Company's New Headquarters Starting in 2022
TEMPE,
Ariz. - August 30, 2021 -
VirTra, Inc
. (NASDAQ: VTSI) ("VirTra"),
a global provider of training simulators
for the law enforcement, military, educational and commercial markets, has acquired a property in Chandler, Arizona that consists of
approximately 4.3 acres and an industrial building with approximately 76,650 square feet. VirTra acquired the property for $10.8 million,
with $8.6 million being financed through a mortgage loan and the remainder being paid in cash.
The
property gives VirTra a larger and more centralized facility to meet the anticipated growth in training simulator development and production,
recoil kit development and production, training content creation and administrative functions. VirTra also expects the new building will
provide greater operational efficiencies than its existing two leased locations in Tempe, Arizona with approximately 42,860 square feet
in aggregate. VirTra plans to fully move into the new space within nine months or less and plans to sub-lease its current leased spaces
once it has moved out.
"As
demand for VirTra's world-class training simulators in the law enforcement and military markets grows, it is critical that we scale
our manufacturing and production capacity to meet not only the burgeoning demand today but the potential growth in the future as well,"
said Chairman and Chief Executive Officer Bob Ferris. "This will be a state-of-the-art headquarters where we push the envelope
of effective simulation training products for the benefit of our customers and stakeholders. The property will also allow us to centralize
our operations and ultimately provide greater efficiencies across our entire organization".
Additional
details regarding the transaction are available in the company's current report on Form 8-K, which has been filed with the U.S.
Securities and Exchange Commission.
About
VirTra
VirTra
(NASDAQ: VTSI) is a global provider of judgmental use of force training simulators, firearms training simulators and driving simulators
for the law enforcement, military, educational and commercial markets. The company's patented technologies, software, and scenarios
provide intense training for de-escalation, judgmental use-of-force, marksmanship, and related training that mimics real-world situations.
VirTra's mission is to save and improve lives worldwide through practical and highly effective virtual reality and simulator technology.
Learn more about the company at
www.VirTra.com
.
Forward-Looking
Statements
The
information in this discussion contains forward-looking statements and information 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, which are subject to the "safe harbor"
created by those sections. The words "anticipates", "believes", "estimates", "expects,"
"intends", "may", "plans", "projects", "will", "should", "could,"
"predicts", "potential", "continue", "would" and similar expressions are intended to
identify forward-looking statements, although not all forward-looking statements contain these identifying words. We may not actually
achieve the plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on
our forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed
in the forward-looking statements that we make. The forward-looking statements are applicable only as of the date on which they are made,
and we do not assume any obligation to update any forward-looking statements. All forward-looking statements in this document are made
based on our current expectations, forecasts, estimates and assumptions, and involve risks, uncertainties and other factors that could
cause results or events to differ materially from those expressed in the forward-looking statements. In evaluating these statements,
you should specifically consider various factors, uncertainties and risks that could affect our future results or operations. These factors,
uncertainties and risks may cause our actual results to differ materially from any forward-looking statement set forth in the reports
we file with or furnish to the Securities and Exchange Commission (the "SEC"). You should carefully consider these risk and
uncertainties described and other information contained in the reports we file with or furnish to the SEC before making any investment
decision with respect to our securities. All forward-looking statements attributable to us or persons acting on our behalf are expressly
qualified in their entirety by this cautionary statement.
Investor
Relations Contact:
Matt
Glover
Gateway
Group, Inc.
VTSI@gatewayir.com
949-574-3860

text: VirTra

text:
VirTra, Inc
.

text: VirTra

text: VirTra

text: VirTra

text: VirTra

text: VirTra

text: VirTra

text: VirTra

text: VirTra

text: VirTra


dataset: buster

text:
EX-99.1
3
dex991.htm
PRESS RELEASE DATED DECEMBER 22, 2005
Press Release dated December 22, 2005
Exhibit 99.1
TriZetto Completes Acquisition of CareKey, Inc.
NEWPORT BEACH, Calif. - December 22, 2005 -
The TriZetto Group, Inc. (Nasdaq: TZIX) today announced that it has
completed the acquisition of privately held CareKey, Inc., a leading provider of advanced care management software. The combination expands TriZetto's market opportunities and increases its customers' ability to improve the cost and
quality of care for their members.
The signing of a definitive agreement for
the acquisition was previously announced on November 21, 2005. The company received its Hart-Scott-Rodino clearance on December 19 and completed the transaction today.
Under the agreement, TriZetto will pay $60 million in cash to CareKey's stockholders and option holders. Additional consideration will
be payable upon the achievement of specified milestones. TriZetto anticipates the acquisition will be mildly accretive to 2006 earnings per share.
About TriZetto
Touching nearly 40% of the U.S. insured population, TriZetto is distinctly focused on accelerating the ability of healthcare payers to lead the industry's transformation. The company provides premier information
technology solutions that enhance its customers' revenue growth, increase their administrative efficiency and improve the cost and quality of care for their members. Healthcare payers include national and regional health insurance plans, and
benefits administrators that provide transaction services to self-insured employer groups. The company's broad array of payer-focused information technology offerings include enterprise and component software, hosting and business process
outsourcing services, and consulting. Headquartered in Newport Beach, Calif., TriZetto can be reached at 949-719-2200 or at
www.trizetto.com
.
Important Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. The forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may include statements about future revenue, profits, cash flows and financial results, the market for TriZetto's and CareKey's services,
future service offerings, industry trends, client and partner relationships, TriZetto's and CareKey's operational capabilities, future financial structure, uses of cash, acquisitions or proposed transactions. Actual results may differ
materially from those stated in any forward-looking statements based on a number of factors, including the ability of TriZetto to successfully integrate the businesses of TriZetto and CareKey; the contributions of CareKey to TriZetto's
operating results; the effectiveness of TriZetto's implementation of its business plan, the market's acceptance of TriZetto's new and existing products and services, the timing of new bookings, risks associated with management of
growth, reliance on third parties to supply key components of TriZetto's and CareKey's services, attraction and retention of employees, variability of quarterly operating results, competitive factors, other risks associated with
acquisitions, changes in demand for third party products or solutions which form the basis of TriZetto's service and product offerings, financial stability of TriZetto's and CareKey's customers, the ability of TriZetto and CareKey to
meet their contractual obligations to customers, including service level and disaster recovery commitments, changes in government laws and regulations and risks associated with rapidly changing technology,
as well as the other risks identified in TriZetto's SEC filings, including, but not limited to, its annual report on Form 10-K and quarterly reports
on Form 10-Q, copies of which may be obtained by contacting TriZetto's Investor Relations department at 949-719-2225 or at TriZetto's web site at www.trizetto.com. All information in this release is as of December 22, 2005. TriZetto
undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.
CONTACTS:
Investors:
Brad Samson
949-719-2220
brad.samson@trizetto.com
Media:
Audrey McDill
303-495-7197
audrey.mcdill@trizetto.com

label: organization

text: TriZetto

text: CareKey, Inc.

text: TriZetto

text: CareKey, Inc.

text: TriZetto

text: TriZetto

text: TriZetto

text: TriZetto

text: TriZetto

text: TriZetto

text: TriZetto

text: TriZetto

text: TriZetto

text: TriZetto

text: TriZetto

text: TriZetto

text: TriZetto

text: TriZetto

text: TriZetto

text: TriZetto

text: TriZetto

text: TriZetto

text: TriZetto

text: TriZetto

text: TriZetto

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
4
soho-ex991_94.htm
EX-99.1
soho-ex991_94.htm
EXHIBIT 99.1
FOR IMMEDIATE RELEASE
FRIDAY, FEBRUARY 11, 2022
SOTHERLY HOTELS INC. COMPLETES SALE OF JEFFERSONVILLE, INDIANA HOTEL
Williamsburg, Virginia - February 11, 2022 -
Sotherly Hotels Inc. (NASDAQ: SOHO) (the "Company") announced that the Company has closed on the sale of the Sheraton Louisville Riverside Hotel (the "Hotel") in Jeffersonville, Indiana for $11.5 million.
"We are pleased with the completion of the sale of the Sheraton Louisville Riverside Hotel", noted Dave Folsom, Chief Executive Officer of the Company. "This hotel was identified as an asset that no longer fit the long-term strategic objectives of the Company. We believe the Company garnered an attractive valuation for the asset, which equates to approximately 21.0x EBITDA multiple and 2.5% cap rate based on 2019 results. This disposition will be immediately accretive to our cash flow, meanwhile it will allow the Company to streamline its management efforts and focus on growing its core portfolio in order to maximize value for shareholders".
About Sotherly Hotels Inc.
Sotherly Hotels Inc. is a self-managed and self-administered lodging REIT focused on the acquisition, renovation, upbranding and repositioning of upscale to upper-upscale full-service hotels in the Southern United States. Sotherly may also opportunistically acquire hotels throughout the United States. Currently, the Company's portfolio consists of investments in eleven hotel properties, comprising 2,976 rooms,
as well as interests in two condominium hotels and their associated rental programs. The Company owns hotels that operate under the Hilton Worldwide, Marriott International, Inc., and Hyatt Hotels Corporation brands, as well as independent hotels. Sotherly Hotels Inc. was organized in 2004 and is headquartered in Williamsburg, Virginia. For more information, please visit
www.sotherlyhotels.com
.
Contact at the Company:
Mack Sims
Sotherly Hotels Inc.
306 South Henry Street, Suite 100
Williamsburg, Virginia 23185
(757) 229-5648

text: SOTHERLY HOTELS INC.

text: Sotherly Hotels Inc.

label: person

text: Dave Folsom

text: Sotherly Hotels Inc.

text: Sotherly Hotels Inc.

text: Sotherly Hotels Inc.

text: Sotherly Hotels Inc.


text:
EX-99.1
3
a5095705ex991.txt
ORION HEALTHCORP, INC. EXHIBIT 99.1
Exhibit 99.1
Orion HealthCorp Completes Sale of Two Houston Surgical Facilities;
Transactions are Consistent with Company's Focus on Core Competencies
ATLANTA--(BUSINESS WIRE)--March 2, 2006--Orion HealthCorp, Inc. (AMEX: ONH)
today announced that it has completed the sale of its equity interests in two
ambulatory surgery centers in Houston, Texas. The Company completed the sale of
its interests in SurgiCare Memorial Village, L.P. to First Surgical Memorial
Village, L.P., and in San Jacinto Surgery Center, Ltd. to San Jacinto Methodist
Hospital.
Terrence L. Bauer, chief executive officer of Orion HealthCorp, said,
"These transactions are consistent with our commitment to focus on the growth
and development in the physician business services sector, including revenue
cycle management and outsourcing. Despite our efforts to improve the financial
performance of the surgery centers that comprised the core of SurgiCare's
operations, this line of business did not meet expectations. Rather than allow
this to continue to be a distraction, we made the decision to sell the
facilities to parties whose core business supports the operation of surgery
centers. We believe that the staff, patients and Houston marketplace served by
these two surgery centers will benefit under the experienced ownership of their
new management".
In its continuing efforts to improve its balance sheet, the Company also
announced that it has negotiated a significant discount on $750,000 of long-term
debt, which it intends to retire by March 31, 2006.
Orion HealthCorp, Inc. provides complementary business services to
physicians through three business units: Integrated Physician Solutions, Inc.,
providing business and management services to physician practices; Medical
Billing Services, Inc., providing physician billing and collection services and
practice management solutions to hospital-based physicians; and SurgiCare,
providing management services to the freestanding ambulatory surgery center
market. The core competency of the Company is its long-term experience and
success in working with and creating value for physicians. For more information
on Orion HealthCorp, Inc., visit the Company's website at
www.orionhealthcorp.com.
Certain statements in this press release constitute "forward-looking
statements" within the meaning of the Securities Act of 1933, as amended, and
the Securities Exchange Act of 1934, as amended (the "Acts"). Any statements
contained herein that are not statements of historical fact are deemed to be
forward-looking statements, including all statements regarding the Company's
strategic focus and the retirement of long-term debt.
The forward-looking statements in this press release are based on current
beliefs, estimates and assumptions concerning the operations, future results,
and prospects of Orion HealthCorp, Inc. and the other companies described
herein. As actual operations and results may materially differ from those
assumed in forward-looking statements, there is no assurance that
forward-looking statements will prove to be accurate. Forward-looking statements
are subject to the safe harbors created in the Acts. Any number of factors could
affect future operations and results. Orion HealthCorp, Inc. undertakes no
obligation to update publicly any forward-looking statements, whether as a
result of new information or future events.
CONTACT: Orion HealthCorp Inc., Atlanta
Terrence L. Bauer, 678-832-1800
or
Stephen H. Murdock, 678-832-1800

text: ORION HEALTHCORP, INC.

text: Orion HealthCorp

text: Orion HealthCorp, Inc.

text: SurgiCare Memorial Village, L.P

text:
First Surgical Memorial
Village, L.P.

text: San Jacinto Surgery Center, Ltd.

text:
San Jacinto Methodist
Hospital

text: Terrence L. Bauer

text: Orion HealthCorp

text: Orion HealthCorp, Inc.

text: Orion HealthCorp, Inc.

text: Orion HealthCorp, Inc.

text: Orion HealthCorp, Inc.

text: Terrence L. Bauer


text:
EX-99.1
6
ea123910ex99-1_comsovereign.htm
PRESS RELEASE, DATED JULY 7, 2020, ANNOUNCING THE COMPANYS COMPLETION OF THE ACQUISITION OF VIRTUAL NETWORK COMMUNICATIONS INC.
Exhibit 99.1
COMSovereign Holding Corp. Extends 4G LTE/5G
Networking Solution Portfolio with Closing of Virtual Network Communications, Inc. Acquisition
- Addition of Virtualized Network Core and Advanced
Radio Technology Can Dramatically Reduce Costs of Telecom Backbone for Tier-One Global Commercial and Government Customers -
DALLAS, TX -
July 7, 2020 -
COMSovereign Holding Corp. (OTCQB: COMS) ("COMSovereign" or the "Company"), a U.S.-based pure-play developer
of 5G connectivity and data transmission systems, announced today that it has completed the acquisition of Virtual Network Communications,
Inc. ("VNC"), a developer of fixed and mobile broadband communications solutions for public and private wireless networks
operated by commercial, enterprise, government and defense customers.
Terms of the transaction include total consideration
of approximately $19 million consisting of $3 million in cash - provided primarily by management members - and the issuance of
common stock. The closing of this latest acquisition significantly expands COMSovereign's IP and product portfolio to include
telecom network access systems including both 4G LTE/Advanced and 5G capable radio equipment. Additionally, VNC has virtualized
and patented an entire LTE Advanced network core solution that has the potential to dramatically reduce the costs of traditional
telecom network backbone equipment. VNC has also developed and is currently selling a rapidly deployable LTE network system that
is both man-portable and can be combined with the tethered aerostats and drone systems produced by COMSovereign's Drone Aviation
subsidiary to provide telecom network access in nearly any location in minimum time.
Chairman and CEO of COMSovereign Holding Corp.,
Dan Hodges, stated, "Supported by the direct investment of our senior management team, we have completed the acquisition
of VNC. VNC's proprietary virtualized core technology significantly advances our ability to provide network operators with
a complete range of wireless technologies from the network edge to backhaul. This enables operators to quickly accelerate their
strategic 4G LTE and 5G network modernization and upgrade programs. We look forward to working with the talented team at VNC to
capitalize on the many synergies we see between our technologies and customers across commercial, government and military sectors".
"VNC was founded on the vision that today's
radio networks would need to fundamentally change if they were to truly address the realities of the modern, data-driven world.
Whether it's access of devices for the Internet of Things or the proliferation of over-the-top streaming video services,
yesterday's network architectures must evolve if they are to succeed in the future", said Mohan Tammisetti, founder
& CEO of Virtual Network Communications, Inc. "We are excited to leverage the innovative technology and deep expertise
of COMSovereign as we continue to work together with our growing list of customers to revolutionize the concept of the wireless
radio network".
Virtual Network Communications produces deployable
broadband communications equipment and services designed to support advanced wireless networks. Its systems can provide mission
critical communications including instant deployable Micro LTE solutions suitable for rapid deployment of Tactical LTE networks,
LTE small cell technology, Customer Premises Equipment (CPE) for fixed broadband LTE installations and advanced, low altitude/high
altitude airborne LTE communications.
For more information about COMSovereign, please
visit
www.COMSovereign.com and connect with us on Facebook and Twitter.
About COMSovereign Holding Corp.
COMSovereign Holding Corp. (OTCQB: COMS) has
assembled a portfolio of communications technology companies with combined capabilities and the objective of enabling connectivity
across the entire data transmission spectrum. Through strategic acquisitions and organic research and development efforts, COMSovereign
is seeking to become a U.S.-based pure-play communications provider able to provide LTE Advanced and 5G-NR telecom solutions to
network operators and enterprises. For more information about COMSovereign, please visit www.COMSovereign.com or view the reports
that it files with or furnishes to the Securities and Exchange Commission (the "SEC") at www.sec.gov, including the
Risk Factors included in its Annual Report on Form 10-K for the fiscal year ended December 31, 2019, as well as information in
its Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
About Virtual Network Communications, Inc.
Virtual Network Communications, Inc. designs,
develops, manufactures, markets, and supports a line of network products for wireless network operators, mobile virtual network
operators (MVNO), cable TV system operators, and government and business enterprises that enable new sources of revenue and reduce
capital and operating expenses. Our vision is to reinvent how wireless networks service mission critical communications for Public
Safety, Homeland Security, Department of Defense and commercial Private Network users. We envision the future of expansive virtualized
MICRO networks, without expensive Terrestrial based Radio Towers and Building installations.
Forward-Looking Statements
Certain statements in this press release that
are not historical facts are forward-looking statements that reflect management's current expectations, assumptions, and
estimates of future performance and economic conditions, and involve risks and uncertainties that could cause actual results to
differ materially from those anticipated by the statements made herein. Forward-looking statements are generally identifiable by
the use of forward-looking terminology such as "believe", "expects", "may", "looks to,"
"will", "should", "plan", "intend", "on condition", "target,"
"see", "potential", "estimates", "preliminary", or "anticipates" or
the negative thereof or comparable terminology, or by discussion of strategy or goals or other future events, circumstances, or
effects. Moreover, forward-looking statements in this release include, but are not limited to, the impact of the current COVID-19
pandemic, which may limit access to the Company's facilities, customers, management, support staff and professional advisors,
and to develop and deliver advanced voice and data communications systems. The Company's forward-looking statements could
be affected by many factors, including, but not limited to, the Company's ability to integrate the operations of VNC, demand
for the Company's products and services, economic conditions in the U.S. and worldwide, and the Company's ability to
recruit and retain management, technical, and sales personnel. Further information relating to factors that may impact the Company's
results and forward-looking statements are disclosed in the Company's filings with the SEC. The forward-looking statements
contained in this press release are made as of the date of this press release, and the Company disclaims any intention or obligation,
other than imposed by law, to update or revise any forward-looking statements, whether as a result of new information, future events,
or otherwise.
Contacts:
Investor Relations for COMSovereign Holding Corp.:
or
Dave Gentry
Steve Gersten
RedChip Companies Inc.
813-334-9745
407-491-4498
investors@comsovereign.com
Dave@redchip.com
and
Media Relations for COMSovereign Holding Corp.:
Michael Glickman
MWGCO, Inc.
917-397-2272
mike@mwgco.net

text: VIRTUAL NETWORK COMMUNICATIONS INC

text: COMSovereign Holding Corp.

text: Virtual Network Communications, Inc.

text: COMSovereign Holding Corp.

text:
Virtual Network Communications,
Inc.

text: VNC

text: VNC

text: VNC

text: COMSovereign Holding Corp.

text: VNC

text: VNC

text: VNC

text: VNC

text: Mohan Tammisetti

text: Virtual Network Communications, Inc.

text: COMSovereign Holding Corp.

text: COMSovereign Holding Corp.

text: Virtual Network Communications, Inc.

text: Virtual Network Communications, Inc.

text: VNC

text: COMSovereign Holding Corp.

text: COMSovereign Holding Corp.


text:
EX-99.1
2
e501108_ex99-1.txt
PRESS RELEASE DATED 10/31/05
FIRST UNION REAL ESTATE EQUITY AND MORTGAGE INVESTMENTS
AT THE COMPANY
Carolyn Tiffany
Chief Operating Officer
(617) 570-4614
FIRST UNION REAL ESTATE EQUITY AND MORTGAGE INVESTMENTS
ANNOUNCES ACQUISITION OF 128,000 SQUARE FEET OF RETAIL AND OFFICE
SPACE IN CHICAGO
FOR IMMEDIATE RELEASE - Boston, Massachusetts- October 31, 2005-First
Union Real Estate Equity and Mortgage Investments (NYSE:FUR) announced today
that it has acquired 128,000 square feet of retail and office space in a
mixed-use building together with 208 parking spaces in Chicago, Illinois. This
acquisition was made through a joint venture in which First Union holds an 80%
interest with the balance held by an affiliate of Marc Realty LLC, to whom First
Union has previously made a number of secured loans. The gross purchase price
for the space and parking spots was $27 million. In connection with this
acquisition, First Union made a secured loan to the joint venture of $19.9
million, which loan bears interest at the prime rate. It is expected that a
first mortgage loan will be obtained in the near-term to replace this loan. The
balance of the purchase price was funded from capital contributions from First
Union and its joint venture partner.
Peter Braverman, the President of First Union, stated "we are excited
about the opportunities that this investment provides us with and further
strengthens our presence in the Chicago market and our relation with Marc
Realty."
-------------------
Certain statements contained in this press release that are
forward-looking are based on current expectations that are subject to a number
of uncertainties and risks, and actual results may differ materially. Further
information about these matters and the risks generally with respect to First
Union can be found in First Union's Annual Report on Form 10-K and Quarterly
Reports on Form 10-Q filed with the Securities and Exchange Commission.
First Union Real Estate Equity and Mortgage Investments is a NYSE-listed
real estate investment trust (REIT) headquartered in Boston, Massachusetts.

override: organization

text: Carolyn Tiffany


text:
EX-99.1
5
avt-20170303ex9915ef59e.htm
EX-99.1
avt_Ex_99-1
Exhibit 99.1
Avnet Completes Sale of Technology Solutions to Tech Data
Creates a unique distribution model in the electronic components industry that supports customers at every stage of the product innovation and lifecycle
Phoenix - February 27, 2017 - Today, Avnet (NYSE: AVT) announced it has completed the sale of its Technology Solutions business to Tech Data Corporation (NASDAQ: TECD). With the divestiture of these operations, Avnet is now solely focused on electronic components and integrated and embedded solutions, supporting its customers, ranging from makers to startups to large technology manufacturers, at every stage of the product lifecycle as they bring their latest innovations to market.
Avnet received approximately $2.4 billion in cash and shares of Tech Data common stock valued at approximately $245 million based on the closing price of Tech Data's shares on February 25, 2017.
"Today marks a critical stage in the transformation of Avnet. We have doubled down on our electronic components and integrated and embedded solutions business, which is complemented by our reach into a broader market of customers in the idea stage through our recent acquisitions of Premier Farnell and Hackster", said William Amelio, CEO of Avnet. "We will now be able to focus all of our attention and considerable expertise and scale in supporting our customers at every phase of the product lifecycle with services that offer a time to market advantage. We also have substantial financial resources to further drive our targeted investments in integrated and embedded solutions, IoT and digital platforms to create even more opportunities for makers, entrepreneurs and large manufacturers".
Avnet's more than 95-year heritage as a leader in electronic components distribution, as well as its design and supply chain capabilities, are central to the company's ability to support customers. With Avnet's strategic approach to acquisitions, the company has greatly enhanced its support for customers at every stage of the product lifecycle, and offers true end-to-end solutions that accelerate a customer's time to market and seamlessly transitions their products from prototype through to volume production. Avnet's global workforce, partnerships with the world's leading technology suppliers, and presence in more than 125 countries provide customers with strength and scale needed to navigate today's rapidly changing technology industry.
Amelio added, "We wish our former Technology Solutions' employees well as they start a new and successful chapter of their business history with Tech Data".
Moving forward, the company will operate globally under the single name Avnet, dispensing with the business unit moniker "Electronics Marketing".
Forward-Looking Statements
This document contains certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on management's current expectations and are subject to uncertainty and changes in facts and circumstances. The forward-looking statements herein include statements addressing future financial and operating results of Avnet and may include words such as "will", "anticipate", "intend", "estimate", "forecast", "expect", "feel", "believe", "should", and other words and terms of similar meaning in connection with any discussions of future operating or financial performance, business prospects or market conditions. Actual results may differ materially from the expectations contained in the forward-looking statements.
The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: the Company's ability to retain and grow market share and to generate additional cash flow, risks associated with any acquisition activities and the successful integration of acquired companies, an industry down-cycle in semiconductors, IT hardware or software products, declines in sales, changes in business conditions and the economy in general, changes in market demand and pricing pressures, any material changes in the allocation of product or product rebates by suppliers, and other competitive and/or regulatory factors affecting the businesses of Avnet generally.
More detailed information about these and other factors is set forth in Avnet's filings with the Securities and Exchange Commission, including the Company's reports on Form 10-K, Form 10-Q and Form 8-K. Except as required by law, Avnet is under no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
For more information on today's announcement, please visit Avnet Investor Relations.
Follow Avnet on Twitter: @Avnet
Connect with Avnet on LinkedIn: http://www.linkedin.com/company/avnet
Connect with Avnet on Facebook: http://www.facebook.com/AvnetInc
All brands and trade names are trademarks or registered trademarks, and are the properties of their respective owners. Avnet disclaims any proprietary interest in marks other than its own.
About Avnet
From idea to design and from prototype to production, Avnet supports customers at each stage of a product's lifecycle. A comprehensive portfolio of design and supply chain services makes Avnet the go-to guide for innovators who set the pace for technological change. For nearly a century, Avnet has helped its customers and suppliers around the world realize the transformative possibilities of technology. Learn more about Avnet at www.avnet.com.
Media Relations Contact
Maureen O'Leary
480-643-7499
maureen.oleary@avnet.com
Investor Relations Contact
Vincent Keenan
480-643-7053
vincent.keenan@avnet.com

text: Avnet

text: Tech Data

text: Avnet

text: Tech Data Corporation

text: Avnet

text: Avnet

text: Tech Data

text: Tech Data

text: Avnet

text: William Amelio

text: Avnet

text: Avnet

text: Avnet

text: Avnet

text: Tech Data

text: Avnet

text: Avnet

text: Avnet

text: Avnet

text: Avnet

text: Avnet

text: Avnet

text: Avnet

text: Avnet

text: Avnet

text: Avnet

text: Avnet

text: Avnet

text: Avnet

text: Avnet


text:
EX-99.2
4
ex_159451.htm
EXHIBIT 99.2
ex_159451.htm
Exhibit 99.2
Press Release
CUI Global Sells Electromechanical Components Business
- Company Retains Larger Power Business and Investment in Virtual Power Systems -
Company Release - 10/1/2019 5:00 AM ET
TUALATIN, Ore., Oct. 1, 2019 /PRNewswire/ -- CUI Global, Inc. (NASDAQ: CUI) (the "Company" or "CUI Global") announced that it has completed the sale of the electromechanical components business of its Power and Electromechanical segment (P&EM) to a private entity for total consideration of $15 million, comprised of approximately $4.7 million cash paid at closing, the retirement of approximately $5.3 million promissory note, and a guaranteed five-year earnout receivable note of $5.0 million issued by the buyer to CUI Global. The electromechanical business accounted for approximately 36% of P&EM segment revenues of $76.4 million in 2018. Upon the closing of the transaction CUI Global will retain within the P&EM segment its Power business, including an approximate 20% equity interest in Virtual Power Systems.
The transaction is a step in CUI Global's previously announced transformation plan to reshape the Company into a diversified energy infrastructure services provider to North American energy market segments through an aggressive acquisition strategy that leverages the traction that CUI Global's Orbital energy segment has gained with North American oil and gas customers.
"The sale of our electromechanical business puts us on a path to divesting other, non-core business within the P&EM segment, strengthens our balance sheet, and will contribute to the buildout of a diversified energy services platform", stated William Clough, president and CEO of CUI Global. "We remain committed to utilizing CUI Global as the public company platform through which to aggregate energy and telecommunications infrastructure operators to create a new market entrant in the North American energy services industry".
About CUI Global, Inc.
Delivering Innovative Technologies for an Interconnected World.....
CUI Global, Inc. is a publicly traded company dedicated to maximizing shareholder value through the acquisition and development of innovative companies, products and technologies. From Orbital Gas Systems' advanced GasPT® platform targeting the energy sector, to CUI Inc.'s advanced power platform serving the networking and telecom space, CUI Global and its subsidiaries have built a diversified portfolio of industry leading technologies that touch many markets. As a publicly traded company, shareholders can participate in the opportunities, revenues, and profits generated by the products, technologies, and market channels of CUI Global and its subsidiaries. But most important, a commitment to conduct business with a high level of integrity, respect, and philanthropic dedication allows the organization to make a difference in the lives of their customers, employees, investors and global community.
For more information please visit:
http://www.cuiglobal.com
Important Cautions Regarding Forward Looking Statements
This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The Company may experience significant fluctuations in future operating results due to a number of economic, competitive, and other factors, including, among other things, our reliance on third-party manufacturers and suppliers, government agency budgetary and political constraints, new or increased competition, changes in market demand, and the performance or reliability of our products. These factors and others could cause operating results to vary significantly from those in prior periods, and those projected in forward-looking statements. Additional information with respect to these and other factors, which could materially affect the Company and its operations, are included in certain forms the Company has filed with the Securities and Exchange Commission.
External IR Counsel:
LHA Investor Relations
Sanjay M. Hurry
T: 212-838-3777
cuiglobal@lhai.com
SOURCE CUI Global, Inc.

text: CUI Global

text: Electromechanical Components Business

text: Virtual Power Systems

text: CUI Global, Inc.

text: CUI Global

text: Power and Electromechanical segment

text: private entity

text: CUI Global

text: CUI Global

text: Virtual Power Systems

text: CUI Global

text: CUI Global

text: William Clough

text: CUI Global

text: CUI Global

text: CUI Global, Inc.

text: CUI Global, Inc.

text: CUI Global

text: CUI Global

text: CUI Global, Inc.


text:
EX-99.1
4
exhibit991.htm
EXHIBIT 99.1
Exhibit
Exhibit 99.1
FOR IMMEDIATE RELEASE May 1, 2019
MIDWESTONE FINANCIAL GROUP, INC. COMPLETES ACQUISITION OF ATBANCORP
Iowa City, Iowa, May 1, 2019 - MidWestOne Financial Group, Inc. (NASDAQ: MOFG, "MidWestOne", the "Company", or "Our") announced the completion of its acquisition of ATBancorp, the parent company of American Trust & Savings Bank and American Bank & Trust-Wisconsin. Immediately following completion of the acquisition, American Trust & Savings Bank and American Bank & Trust-Wisconsin were merged with and into MidWestOne's wholly owned subsidiary, MidWestOne Bank. Effective at the time of the merger, MidWestOne also appointed Richard J. Hartig and Douglas H. Greeff to serve on the Board of MidWestOne. In addition, Charles J. Schrup III and Mr. Hartig were appointed to the Board of MidWestOne Bank.
As previously disclosed, under terms of the merger agreement, ATBancorp shareholders received 117.55 shares of MidWestOne stock and $992.51 in cash in exchange for each share of ATBancorp stock. The value of the total deal consideration was approximately $152.9 million, based on the volume weighted-average of the closing sales prices of MidWestOne's stock for the 20 consecutive trading days immediately preceding April 30, 2019, which includes approximately $118.1 million of MidWestOne stock and $34.8 million of cash issued to ATBancorp shareholders.
Charles N. Funk, President and Chief Executive Officer of MidWestOne, stated "It is exciting to welcome our new teammates from ATBancorp into our company. We share the same values and goals in terms of service to our customers and communities and this begins an exciting new chapter for MidWestOne".
With the addition of ATBancorp, on a pro forma combined basis, MidWestOne has over $4.7 billion in total assets and 62 branches throughout Iowa, Minnesota, Wisconsin, Colorado and Florida.
MidWestOne was advised on this transaction by Piper Jaffray as financial advisor and Shapiro Bieging Barber Otteson LLP as legal counsel. ATBancorp was advised by Sandler O'Neill and Partners as financial advisor and Barack Ferrazzano Kirschbaum & Nagelberg LLP as legal counsel.
-end-
About MidWestOne Financial Group, Inc.
MidWestOne Financial Group, Inc. is a financial holding company headquartered in Iowa City, Iowa. MidWestOne is the parent company of MidWestOne Bank, which operates banking offices in Iowa, Minnesota, Wisconsin, Florida, and Colorado. MidWestOne provides electronic delivery of financial services through its website, MidWestOne.com. MidWestOne trades on the Nasdaq Global Select Market under the symbol "MOFG".
Cautionary Note Regarding Forward-Looking Statements
Statements made in this release, other than those concerning historical financial information, may be considered forward-looking statements, which speak only as of the date of this document and are based on current expectations and involve a number of assumptions. These include, among other things, statements regarding future results or expectations. MidWestOne intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and is including this statement for purposes of these safe harbor provisions. The Company's ability to predict results, or the actual effect of future plans or strategies, is inherently uncertain. Factors that could cause actual results to differ from those set
1
forth in the forward-looking statements or that could have a material effect on the operations and future prospects of the Company include, but are not limited to: (1) credit quality deterioration or pronounced and sustained reduction in real estate market values causing an increase in the allowance for credit losses, an increase in the provision for loan losses, and a reduction in net earnings; (2) our management's ability to reduce and effectively manage interest rate risk and the impact of interest rates in general on the volatility of our net interest income; (3) changes in the economic environment, competition, or other factors that may affect our ability to acquire loans or influence the anticipated growth rate of loans and deposits and the quality of the loan portfolio and loan and deposit pricing; (4) fluctuations in the value of our investment securities; (5) governmental monetary and fiscal policies; (6) legislative and regulatory changes, including changes in banking, securities, trade, and tax laws and regulations and their application by our regulators and changes in the scope and cost of Federal Deposit Insurance Corporation insurance and other coverages; (7) the ability to attract and retain key executives and employees experienced in banking and financial services; (8) the sufficiency of the allowance for loan losses to absorb the amount of actual losses inherent in our existing loan portfolio; (9) our ability to adapt successfully to technological changes to compete effectively in the marketplace; (10) credit risks and risks from concentrations (by geographic area and by industry) within our loan portfolio; (11) the effects of competition from other commercial banks, thrifts, mortgage banking firms, consumer finance companies, credit unions, securities brokerage firms, insurance companies, money market and other mutual funds, and other financial institutions operating in our markets or elsewhere or providing similar services; (12) the failure of assumptions underlying the establishment of allowances for loan losses and estimation of values of collateral and various financial assets and liabilities; (13) the risks of mergers, including, without limitation, the related time and costs of implementing such transactions, integrating operations as part of these transactions and possible failures to achieve expected gains, revenue growth and/or expense savings from such transactions; (14) volatility of rate-sensitive deposits; (15) operational risks, including data processing system failures or fraud; (16) asset/liability matching risks and liquidity risks; (17) the costs, effects and outcomes of existing or future litigation; (18) changes in general economic or industry conditions, nationally, internationally or in the communities in which we conduct business; (19) changes in accounting policies and practices, as may be adopted by state and federal regulatory agencies and the Financial Accounting Standards Board; (20) war or terrorist activities which may cause further deterioration in the economy or cause instability in credit markets; (21) cyber-attacks; and (22) other risk factors detailed from time to time in Securities and Exchange Commission filings made by the Company.
CONTACTS:
Analysts/Investors:
Charles N. Funk
Barry S. Ray
President and Chief Executive Officer
Senior Vice President and Chief Financial Officer
319.356.5800
319.356.5800
Media:
Peg Hudson
563.589.0829
2

text: MIDWESTONE FINANCIAL GROUP, INC.

text: ATBANCORP

text: MidWestOne Financial Group, Inc.

text: ATBancorp

text: ATBancorp

text: ATBancorp

text: ATBancorp

text: Charles N. Funk

text: ATBancorp

text: ATBancorp

text: Piper Jaffray

text: Shapiro Bieging Barber Otteson LLP

text: ATBancorp

text: Sandler O'Neill and Partners

text: MidWestOne Financial Group, Inc.

text: MidWestOne Financial Group, Inc.

text: Charles N. Funk


text:
EX-99.1
2
exhibit1.htm
EX-99.1
EX-99.1
News Release
For Immediate Release
For Further Information, Contact:
December 12, 2006
George Lancaster, Hines
713/966-7676
George_lancaster@hines.com
HINES ACQUIRES FIVE-PROPERTY PORTFOLIO
(SAN FRANCISCO) - Hines, the international real estate firm, announced today that it has acquired
Watergate Office Towers, a 1.2 million-square-foot, five-building suburban office complex in
Emeryville, CA. The complex comprises four high-rise office buildings (Towers I, II, III and IV)
and a free-standing Chevy's restaurant. The development is located on a 22.4-acre tract alongside
Interstate 80 on the eastern shores of the San Francisco Bay, less than one mile from the eastern
terminus of the San Francisco-Oakland Bay Bridge.
Hines acquired Towers I, II, III and the Chevy's restaurant on behalf of National Office
Partners Limited Partnership (NOP), the firm's joint venture with the California Public Employees'
Retirement System (CalPERS). Tower IV was acquired by a Hines affiliate, Hines Real Estate
Investment Trust, Inc. (Hines REIT). Eastdil Secured represented the seller in the transaction,
while Hines represented themselves and Hines REIT. The complex is over 90 percent leased. Hines
will lease and manage the properties.
Tower I
, located at 1900 Powell, contains 12 stories and 217,054 rentable square feet.
It was completed in 1972, and is 79 percent leased to tenants including LFR Levine Fricke; and
Sutter Visiting Nursing Association.
Tower II
, located at 2200 Powell, contains 12 stories and 229,040 rentable square
feet. It was completed in 1975 and is 84 percent leased to tenants including Exponential
Interactive.
Tower III
, located at 2000 Powell, contains 16 stories and 367,793 rentable square
feet. It was completed in 1985 and is 90 percent leased to tenants including: LECG; Bishop,
Barry, Howe, Haney; Gracenote, Inc.; and Zip Realty, Inc.
Tower IV
, located at 2100 Powell, contains 16 stories and 344,433 rentable square
feet. It was completed in 2001, and is 100 percent leased to Oracle Corporation; and Novartis.
Chevy's restaurant
, located at 1890 Powell, contains 13,500 rentable square feet and
was completed in 1973.
"The location of this asset with its proximity to both San Francisco and Oakland, and its
spectacular views of the San Francisco Bay and skyline, make this a very attractive investment for
National Office Partners", said Hines Vice President Gary Holtzer.
"We believe that the acquisition of Tower IV will further enhance the Hines REIT portfolio
with the building's quality tenancy, architecture, and regional accessibility", said Charles Hazen,
president of Hines REIT.
George Clever, a vice president in Hines' San Francisco office said, "We believe that the
Watergate Office Complex is the premier office business park in Emeryville. The Bay Area markets
are recovering, and we expect this investment will benefit from strong rent growth and tenant
demand in the future. In addition, the towers benefit from their ideal central location, access to
major transportation infrastructure, and Class A office environs".
National Office Partners was formed in 1998. NOP assets are located in Boston, Chicago,
Houston, San Francisco, Silver Spring, Salt Lake City and Seattle. For further information on NOP,
refer to.
CalPERS is the nation's largest public pension fund with assets totaling more than $220
billion. The System provides retirement and health benefits to more than 1.4 million state and
local employees, retirees, and their families. For more information, visit ww.calpers.ca.gov.
Hines REIT is a Houston-based public real estate investment trust sponsored by Hines. Hines
REIT commenced operations in November 2004 and primarily invests in institutional-quality office
properties located in the United States. Including this acquisition, Hines REIT currently owns
interests in 22 office properties located in Atlanta, Chicago, Dallas, Houston, Los Angeles, Miami,
New York, Richmond, Sacramento, San Diego, San Francisco, San Mateo, Seattle and Washington D.C.
For additional information about Hines REIT, please see
www.hinesreit.com
.
Hines is a fully integrated real estate investment and management firm that has been investing
in real estate and providing acquisition, development, financing, property management, leasing or
disposition services for over 49 years. With offices in 64 U.S. cities and 15 foreign countries,
and controlled assets valued at approximately $13.5 billion, Hines is one of the largest real
estate organizations in the world. Access
www.hines.com
for more information on Hines.
Statements in this news release, including but not limited to those relating to intentions,
beliefs, expectations, projections, plans or predictions, including effects and results of the
acquisition and other statements that are not historical facts are forward looking statements that
are based on current expectations and assumptions that may prove incorrect or inaccurate.
Important factors that could cause actual results to differ materially from those in the forward
looking statements include risks associated with property acquisitions, changes in general economic
and real estate market conditions, interest rate fluctuations, competition, dependence on tenants'
financial condition, dependence on Hines and other risks described in the "Risk Factors" section of
Hines REIT's Registration Statement on Form S-11 and its other filings with the Securities and
Exchange Commission.
-30-

label: fund

text: Hines

override: fund

text: HINES

text: Hines

text: Hines

text: Hines

text: Hines

text: Eastdil Secured

text: Hines

text: Hines

text: Hines

text: Hines

text: Hines

text: Charles Hazen

text: Hines

text: Hines

text: Hines

text: Hines

text: Hines

text: Hines

text: Hines

text: Hines

text: Hines

text: Hines

text: Hines

text: Hines


text:
EX-99
2
rrd376109_39441.htm
INSITE VISION INCORPORATED PRESS RELEASE DATED APRIL 2, 2013
Exhibit 99
Exhibit 99.1
InSite Vision Announces Sale of Besivance
®
Royalty for $15 Million Plus
a $1 Million Potential Milestone in Early 2014
The Royalty May Be Returned to InSite Vision In Whole or In Part If the Buyers Receive Certain Levels of Total Cash from the Royalty
ALAMEDA, Calif. - April 2, 2013
- InSite Vision Incorporated (OTCBB: INSV) today announced that it agreed to sell its royalty on future sales of Besivance
®,
to SWK Funding LLC, a wholly-owned subsidiary of SWK Holdings Corporation (OTCBB: SWKH) and Bess Royalty, L.P. for up to $16 million. Besivance (besifloxacin ophthalmic suspension) 0.6% is marketed globally by Bausch + Lomb for the treatment of bacterial conjunctivitis.
Under the terms of the agreement, SWK Funding will pay InSite Vision $15 million at closing with a further $1 million payable in February 2014 if Besivance net sales reach defined 2013 and second half 2013 revenue levels. When the buyers receive a 1X return of the total purchase price from the Besivance royalty, InSite Vision will receive 25% of the Besivance royalty paid above $4.2 million annually. When the buyers receive 2.75X of the total purchase price, the full royalty is returned to InSite Vision. SWK Funding will begin receiving Besivance royalties as of January 2013. Patent protection for Besivance in the United States expires in mid-2021.
"We are pleased to be able to monetize the Besivance royalty stream to provide a non-dilutive source of cash for the company's operations", said Tim Ruane, InSite Vision CEO. "This cash will enable us to fund our upcoming second BromSite Phase 3 clinical trial and stretch our cash runway well into 2014".
InSite Vision recorded $1.2 million of Besivance royalty revenues in 2011 and $2.1 million for the year ended December 31, 2012.
"Our structured purchase of the Besivance royalty stream reflects our commitment to provide creative financing solutions to life science companies", said Brett Pope, CEO of SWK Holdings Corporation. "We believe Besivance is an important ophthalmic antibiotic treatment option, and that Besivance has significant opportunities for future growth".
About SWK Holdings Corporation
SWK is a specialized finance company with a focus on the global healthcare sector. SWK partners with ethical product marketers and royalty holders to provide flexible financing solutions at an attractive cost of capital to create long-term value for both SWK's business partners and its investors. SWK believes its financing structures achieve an optimal partnership for companies, institutions and inventors seeking capital for expansion or capital and estate planning by allowing its partners to monetize future cash flow with minimal dilution to their equity stakes. Additional information on the life science finance market is available on the Company's website at www.swkhold.com.
About InSite Vision
InSite Vision is advancing new ophthalmologic products for unmet eye care needs based on its innovative DuraSite
®
platform technologies. The DuraSite and DuraSite 2 drug delivery systems extend the duration of drug retention on the surface of the eye, thereby reducing the frequency of treatment and improving the efficacy of topical drugs.
The DuraSite platform is currently leveraged in two commercial products for the treatment of bacterial eye infections, AzaSite
®
(azithromycin ophthalmic solution) 1%, marketed in the U.S. by Merck; and Besivance
®
(besifloxacin ophthalmic suspension) 0.6%, marketed by Bausch + Lomb. InSite Vision is also advancing three novel ophthalmic therapeutics through Phase 3 clinical studies: AzaSite Plus
™
and DexaSite
™
for the treatment of eye infections, and BromSite™ for pain and inflammation associated with ocular surgery. For further information on InSite Vision, please visit www.insitevision.com.
Forward-looking Statements for InSite Vision
This news release contains certain statements of a forward looking nature relating to future events, including the expected use of cash from the sale of rights to the Besivance royalty stream, the expected time period in which such cash will fund certain of the Company's operations, the Company's expectations of receiving the additional $1 million payment under the sale agreement, the potential future sales growth of Besivance, and the Company's rights to certain future payments under the terms of the agreement with SWK and Bess Royalty. Such statements entail a number of risks and uncertainties, including but not limited to: the Company's actual expenses and cash needs could change materially and the cash generated from this sale may not satisfy the Company's cash needs for the period currently projected; the Company may never receive the additional $1 million payment under the sale agreement due to Besivance sales falling short of expectations or for other reasons; the Company may not receive any additional payments under the terms of the sale other than the amount received at closing; any future payments under the sale agreement depend on Bausch + Lomb's efforts and success in selling Besivance; the Company could be liable for damages and indemnification claims under the terms of the sale agreement, which could materially harm the Company, and reduce its cash resources, including from the proceeds of this transaction; sales of Besivance may not grow as anticipated due to a variety of factors; the Company may not achieve positive results in its clinical trials and such trials may take longer than expected; the ability of the Company to enter into corporate collaborations for its product candidates; the Company's ability to expand its product platform; the Company's ability to compete effectively, either alone or through its partners, with other companies offering competing products or treatments; the Company's ability to maintain and develop additional collaborations and commercial agreements with corporate partners, its ability to adequately protect its intellectual property and to be free to operate with regard to the intellectual property of others; and determinations by the FDA. Reference is made to the discussion of these and other risk factors detailed in the Company's filings with the Securities and Exchange Commission, including its annual report on Form 10-K and its quarterly reports on Form 10-Q, under the caption "Risk Factors" and elsewhere in such reports. Any forward-looking statements or projections are based on the limited information currently available to the Company, which is subject to change. Although any such forward-looking statements or projections and the factors influencing them will likely change, InSite Vision undertakes no obligation to update the information. Such information speaks only as of the date of its release. Actual events or results could differ materially and one should not assume that the information provided in this release is still valid at any later date.
# # #
AzaSite
®
and DuraSite
®
are registered trademarks of InSite Vision Incorporated.
AzaSite Plus
™
, BromSite
™
and DexaSite
™
are trademarks of InSite Vision Incorporated.
BESIVANCE
®
is a registered trademark of Bausch + Lomb Incorporated.
Contact Information
InSite Vision
Louis Drapeau, Chief Financial Officer
510.747.1220
mail@insite.com
Media and Investor inquiries
BCC Partners
Michelle Corral
415.794.8662
Karen L. Bergman
650.575.1509

text: INSITE VISION INCORPORATED

text: InSite Vision

text: Besivance

text: InSite Vision

text: InSite Vision Incorporated

text: Besivance

text: SWK Funding LLC

text: SWK Holdings Corporation

text: Besivance

text: SWK Funding

text: InSite Vision

text: Besivance

text: Besivance

text: InSite Vision

text: Besivance

text: InSite Vision

text: SWK Funding

text: Besivance

text: Besivance

text: Besivance

text: InSite Vision

text: InSite Vision

text: Besivance

text: Besivance

text: Brett Pope

text: SWK Holdings Corporation

text: Besivance

text: Besivance

text: SWK Holdings Corporation

text: InSite Vision

text: InSite Vision

text: Besivance

text: InSite Vision

text: InSite Vision

text: InSite Vision

text: Besivance

text: Besivance

text: Besivance

text: Besivance

text: Besivance

text: InSite Vision

text: InSite Vision Incorporated

text: InSite Vision Incorporated

text: BESIVANCE

text: InSite Vision

text: Louis Drapeau


text:
EX-99
3
ex_99-1.htm
PRESS RELEASE DATED JUNE 16, 2005
EXHIBIT 99.1
IA GLOBAL ANNOUNCES CLOSING OF GLOBAL HOTLINE, INC. ACQUISITION
BURLINGAME, CA June 16, 2005/PRNewswire-FirstCall/ --
IA Global Inc. (Amex: IAO) announced that the acquisition of Global Hotline, Inc. ("GHI"), a privately held Japanese company, closed June 15, 2005. The transaction was structured as a share exchange in which IAO will issue 15,000,000 shares of its common stock in exchange for 100% of GHI's equity. The IAO common stock had a value of $.207 per share, which was the average close price during the twenty days prior to the signing of the April 20, 2005 Share Exchange Agreement, or an aggregate value of $3,100,000.
GHI was established September 7, 2004 as a call center operator and reseller of telephone and broadband lines in Japan. The Japanese telecommunications market is experiencing significant growth in alternative carriers due to recent regulatory changes that now permit individuals and companies to choose their telephone service provider. The company operates two call centers with 370 seats and utilizes four agents with an additional 300 seats to support the business.
GHI has two contracts with a KDDI, a significant Japanese telecommunications company. The first contract covers the period October 1, 2004 thru September 30, 2005 and requires GHI to sell subscriber lines based on agreed monthly targets. GHI expects to be paid 841,000,000 Yen or $7,800,000, at current exchange rates under this contract. The second contract covers the period March 16, 2005 through March 31, 2006 and requires GHI to sell subscriber lines based on agreed monthly targets. GHI expects to be paid 2,925,000,000 Yen or $27,100,000, at current exchange rates under this contract. Should the targets not be achieved on a quarterly basis, then GHI will be required to refund portions of the revenue to the customer. GHI has outsourced the call center operation for the first contract with similar penalties to protect the revenues and profits. GHI has two call center operations to support the second contract.
We expect the Global Hotline acquisition to increase our stockholder's equity by $3,100,000 to above $6,000,000 and to help us maintain our AMEX listing. This acquisition further expands our Japanese operations and provides substantial additional revenue. We expect GHI to contribute $17,000,000 to $19,000,000 in sales to IA Global during 2005 and $28,000,000 to $30,000,000 in sales through March 31, 2006. We expect GHI to be profitable on a stand-alone basis starting in the third quarter or fourth of 2005 and help IA Global to achieve our goal of being profitable for 2005.
We continue to work with AMEX to maintain our listing. There is no guarantee that the company will be successful in maintaining its AMEX listing.
About IA Global Inc.
IA Global, Inc. is a public holding company focused on acquiring primarily Japanese companies that operate in the gaming, entertainment and technology areas. We own 60.5% equity interest in Rex Tokyo Co Ltd, which is a supplier and installer of parts to the Pachinko and slot machine gaming industry in Japan. Rex Tokyo supplies such items such as automatic medal dispensing machines, automatic cigarette butt disposal systems, lighting systems and Pachinko balls and other Pachinko accessory products as well as numerous new Pachinko and slot machines. We own 100% of Global Hotline, Inc, which operates call centers and is a reseller of telephone and broadband lines in Japan.
- 1 -
For further information, contact:
Mark Scott, CFO
IA Global Inc.
533 Airport Blvd. Suite 400
Burlingame CA 94010
650-685-2402 (t)
650-685-2404 (f)
scott@iaglobalinc.com
www.iaglobalinc.com
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements (within the meaning of Section 27a of the Securities Act of 1933 and Section 21e of the Securities Exchange Act of 1934) regarding us and our business, financial condition, results of operations and prospects. Specifically, the statement in this press release concerning the projected revenues for 2005 and 2006 revenues and 2005 profitability are forward-looking statements. Forward-looking statements in this report reflect the good faith judgment of our management and the statements are based on facts and factors as we currently know them. Forward-looking statements are subject to risks and uncertainties and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. Readers are urged not to
place undue reliance on these forward-looking statements which speak only as of the date of this press release. We undertake no obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of the press release.
"
- 2 -

text: IA GLOBAL

text: GLOBAL HOTLINE, INC.

text: IA Global Inc.

text: Global Hotline, Inc.

text: IA Global

text: IA Global

text: IA Global Inc.

text: IA Global

text: Mark Scott

text: IA Global Inc.


text:
EX-99.2
3
dex992.htm
PRESS RELEASE DATED OCTOBER 3, 2005
Press release dated October 3, 2005
Exhibit 99.2
FOR IMMEDIATE RELEASE
Contact:
Adam C. Derbyshire
Mike Freeman
Senior Vice President and
Executive Director, Investor Relations and
Chief Financial Officer
Corporate Communications
919-862-1000
919-862-1000
SALIX
PHARMACEUTICALS COMPLETES
MERGER WITH INKINE PHARMACEUTICAL
Merger Creates Largest US Specialty Pharmaceutical
Company Focused Exclusively on Gastroenterology
RALEIGH, NC, October 3, 2005
- Salix Pharmaceuticals, Ltd. (NASDAQ:SLXP) announced that the merger of Salix Pharmaceuticals, Ltd. and InKine Pharmaceutical Company, Inc. has been completed. InKine
stockholders received approximately 9 million newly issued shares of Salix common stock for InKine shares owned based on an exchange ratio of 0.1737 of a share of Salix common stock for each share of InKine common stock.
Carolyn Logan, President and CEO, Salix, commented, "The merger represents a combination
of assets with a strategic fit that should drive growth and build long-term value. The addition of the existing and growing revenue from VISICOL
®
, along with potential future revenue from INKP-102, if approved, will diversify and strengthen Salix's revenue base. Our current sales force has
been trained and will begin detailing VISICOL today. We intend to have the additional sales representatives required to build out our expanded, 97-member sales force hired, trained and selling Salix's full line of products - including
COLAZAL
®
, XIFAXAN
®
, VISICOL
®
, AZASAN
®
, ANUSOL-HC
®
and PROCTOCORT
®
- by the end of November".
Commenting on
the merger, Adam Derbyshire, Senior Vice President, Finance and Administration and Chief Financial Officer, Salix, stated, "We believe the combination of the two companies should result in value creation for our stockholders. The combination of
the two companies creates a business with a market value approaching $1 billion. In the short term, we believe the combination should allow Salix to build value by leveraging its sales force and more rapidly penetrating the purgative market with
VISICOL. Over the long term, we believe the combination should enhance the Company's ability to pursue additional product acquisitions to improve ongoing growth prospects".
Effective at the time of the merger, the Salix board of directors increased from five to six members, and an independent
member of the InKine board of directors, William Harral, III, was appointed as an additional independent director of Salix. Mr. Harral is the retired President and Chief Executive Officer of Bell Atlantic-Pennsylvania, Inc. (Verizon
Communications). He currently serves as President of the Barra Foundation and as director and Chairman of C&D Technologies, Inc. and Director of The Bryn Mawr Trust Company. Additionally, he previously served as acting Dean of LeBow College of
Business, Drexel University.
Salix Pharmaceuticals, Ltd., headquartered in
Raleigh, North Carolina, develops and markets prescription pharmaceutical products for the treatment of gastrointestinal diseases. Salix's strategy is to in-license late-stage or marketed proprietary therapeutic drugs, complete any required
development and regulatory submission of these products, and market them through Salix's gastroenterology specialty marketing and sales team.
COLAZAL
®
(balsalazide disodium) Capsules 750 mg, is an anti-inflammatory drug approved for the treatment of mildly to moderately active ulcerative colitis. Salix launched the product in the U.S. through its specialty
sales force in January 2001. Safety and effectiveness of COLAZAL beyond 12 weeks has not been established. COLAZAL was well tolerated in clinical studies. In clinical trials, patients reported the following adverse events most frequently: headache
(8%); abdominal pain (6%); diarrhea (5%); nausea (5%); vomiting (4%); respiratory infection (4%); and arthralgia (4%). Withdrawal from therapy due to adverse events was comparable to placebo.
XIFAXAN
®
(rifaximin) tablets 200 mg is indicated for the treatment of patients (³12 years of age) with travelers' diarrhea caused by noninvasive strains of Escherichia coli. XIFAXAN should not be used in patients with diarrhea complicated by fever or
blood in the stool or diarrhea due to pathogens other than Escherichia coli. XIFAXAN should be discontinued if diarrhea symptoms get worse or persist more than 24-48 hours and alternative antibiotic therapy should be considered. In clinical
trials, XIFAXAN was generally well tolerated. The most common side effects (vs. placebo) were flatulence 11.3% (vs. 19.7%), headache 9.7% (vs. 9.2%), abdominal pain 7.2% (vs. 10.1 %) and rectal tenesmus 7.2% (vs. 8.8%).
VISICOL
®
Tablets (sodium phosphate monobasic monohydrate, USP, sodium phosphate dibasic anhydrous, USP) is indicated for cleansing of the bowel as a preparation
for colonoscopy in adults 18 years of age or older. VISICOL Tablets are the only FDA-approved tablets available to adults for bowel preparation prior to colonoscopy. VISICOL Tablets are virtually taste-free, can be taken with any clear liquid such
as water, lemonade or ginger ale, and have been proven to be associated with significantly less nausea, vomiting and bloating than the leading, currently-available, prescribed class of liquid bowel preparations. VISICOL Tablets are not to be used in
patients with congestive heart failure, ascites, unstable angina pectoris, gastric retention, ileus or acute obstruction or pseudo-obstruction, severe chronic constipation, bowel perforation, acute colitis, toxic megacolon or hypomotility syndrome.
Use with caution in patients with impaired renal function, pre-existing electrolyte disturbances, or people taking drugs that affect electrolyte levels.
Salix also markets AZASAN
®
(azathioprine 75 mg and 100 mg tablets, USP), ANUSOL-HC
®
2.5% (hydrocortisone Cream USP), ANUSOL-HC
®
25 mg Suppository (Hydrocortisone Acetate), PROCTOCORT
®
Cream (Hydrocortisone Cream USP) 1% and PROCTOCORT
®
Suppositories (Hydrocortisone Acetate Rectal Suppositories, 30 mg). Granulated mesalamine is under development.
Salix trades on the NASDAQ National Market under the ticker
symbol "SLXP".
For more information on Salix please call
919-862-1000 or visit
www.salix.com
. Information on the web site is not incorporated in Salix's SEC filings.
AZASAN
®
is a registered trademark of aaiPharma Inc.
XIFAXAN
®
is licensed from Alfa Wassermann SpA.
Please Note: This press release contains forward-looking statements regarding future events. These
statements are just predictions and are subject to risks and uncertainties that could cause the actual events or results to differ materially. These risks and uncertainties include risks of acquisitions, management of integration of the two
companies and rapid growth, risks of regulatory review and clinical trials, intellectual property risks, and the need to acquire additional products. The reader is referred to the documents that the Company files from time to time with the
Securities and Exchange Commission.

text:
SALIX
PHARMACEUTICALS

text: INKINE PHARMACEUTICAL

text: Salix Pharmaceuticals, Ltd.

text: Salix Pharmaceuticals, Ltd.

text: InKine Pharmaceutical

text: Carolyn Logan

text: Salix Pharmaceuticals, Ltd.


text:
EX-99.1
9
v384965_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
FOR RELEASE:
July 28, 2014
Dana Cochran
Vice President
Marketing Manager
Office: 910-892-7080
danac@selectbank.com
SelectBank.com
NEW CENTURY
BANCORP COMPLETES
ACQUISITION
OF SELECT BANCORP
Surviving
company to operate under new name.
DUNN, NC
... At the close of business on Friday, July
25, 2014, New Century Bancorp, Inc. completed its acquisition of Select Bancorp, Inc., and the two holding companies combined
their respective banking subsidiaries, New Century Bank and Select Bank & Trust Company, as of the same date. As part of the
merger, it was determined that New Century Bancorp and New Century Bank would take the Select Bancorp, Inc. and Select Bank &
Trust Company names, respectively, and the name change became effective Monday, July 28, 2014.
"We believe we have brought together two companies with
similar cultures and philosophies and, in so doing, have created an outstanding community banking franchise that will be an asset
to the communities we serve and one which will benefit our employees, customers, and shareholders", said William L. Hedgepeth
II, president and chief executive officer of Select Bancorp, Inc. and Select Bank & Trust Company. "We are pleased to
have achieved this milestone and are now able to move forward together. It is an exciting time".
In connection with the change of the surviving company's
name, Select Bancorp, Inc. common stock will now be traded on the NASDAQ Global Market under the new stock ticker symbol SLCT
(NASDAQ: SLCT)
.
The newly combined Select Bancorp, Inc. has total assets, deposits
and loans of approximately $805.0 million, $667.0 million and $561.0 million, respectively.
Janney Montgomery Scott LLC served as financial advisor and
Wyrick Robbins Yates & Ponton LLP served as legal counsel to New Century Bancorp, Inc. Smith Capital, Inc. served as financial
advisor and Williams Mullen served as legal counsel to Select Bancorp, Inc.
###
Select Bancorp, Inc.
Select Bancorp, Inc. is a bank holding
company headquartered in Dunn, North Carolina whose wholly-owned subsidiary, Select Bank & Trust Company, is a state chartered
commercial bank insured by the Federal Deposit Insurance Corporation (FDIC). Select Bank & Trust has 14 branch offices in
the following North Carolina communities: Burlington, Clinton, Dunn, Elizabeth City, Fayetteville (2), Gibsonville, Goldsboro,
Greenville (2), Lillington, Lumberton, Raleigh and Washington. More information can be obtained by visiting Select's web site
at
SelectBank.com
.
Cautionary Statement Regarding
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by words such
as "may", "hope", "will", "should", "expect", "plan,"
"anticipate", "intend", "believe", "estimate", "predict", "potential,"
"continue", "could", "future" or the negative of those terms or other words of similar meaning.
You should read statements that contain these words carefully because they discuss our future expectations or state other "forward-looking"
information. These forward-looking statements involve a number of risks and uncertainties.
Select Bancorp cautions readers that any forward-looking statement
is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking
statement. Such forward-looking statements include, but are not limited to, statements about the benefits of the merger, Select
Bancorp's plans, objectives, expectations and intentions, and other statements that are not historical facts. Important
factors that could cause actual results to differ materially from those indicated by such forward-looking statements are set forth
in Select Bancorp's filings with the SEC. Each forward-looking statement speaks only as of the date of the particular statement,
and, except as may be required by law, Select Bancorp undertakes no obligation to publicly update any forward-looking statement,
whether as a result of new information, future events or otherwise.
2

text: Dana Cochran

text:
NEW CENTURY
BANCORP

text: SELECT BANCORP

text: New Century Bancorp, Inc.

text: Select Bancorp, Inc.

text: New Century Bank

text: Select Bank & Trust Company

text: New Century Bancorp

text: New Century Bank

text: Select Bancorp, Inc.

text:
Select Bank &
Trust Company

text:
William L. Hedgepeth
II

text: Select Bancorp, Inc.

text: Select Bank & Trust Company

text: Select Bancorp, Inc.

text: Select Bancorp, Inc.

text: Janney Montgomery Scott LLC

text: Wyrick Robbins Yates & Ponton LLP

text: New Century Bancorp, Inc.

text: Smith Capital, Inc.

text: Williams Mullen

text: Select Bancorp, Inc.

text: Select Bancorp, Inc.

text: Select Bancorp, Inc.

text: Select Bank & Trust Company

text: Select Bancorp

text:
Select
Bancorp

text: Select Bancorp

text: Select Bancorp


text:
EX-99.1
4
ex991.htm
EXHIBIT 99.1
Exhibit 99.1
Paivis,
Corp. (Formerly APO Health, Inc.) and Jupiter Global Holdings,
Corp.
Announce Final Closing of Merger Agreement
2006-05-15 11:57 ET
- News Release
Also
News Release (U-JPHC) JUPITER GLOBAL HOLDINGS CORP
OCEANSIDE,
NY -- (MARKET WIRE) -- 05/15/06
Paivis,
Corp. (formerly APO Health, Inc.) ("Paivis") (OTC BB: APOA) and
Jupiter
Global Holdings, Corp. ("Jupiter") (OTC: JPHC) today jointly announced
their closing of the Definitive Agreement and Plan of Merger (the
"Merger
Agreement") dated April 21, 2006, pursuant to which Paivis acquired,
through a wholly-owned subsidiary, 100% of the issued and outstanding
common shares of Jupiter, and Jupiter became a wholly-owned subsidiary
of
Paivis. As consideration in the merger transaction, Paivis has
agreed to
exchange shares of its common stock with Jupiter's shareholders
at an
exchange ratio that valued the Jupiter shares at $0.005 per common
share
whereby Jupiter shareholders will receive approximately 0.46232
of a share
of Paivis common stock. No fractional shares will be issued in
the share
exchange.
A
new symbol will be assigned reflecting the name change from APO
Health,
Inc. to Paivis, Corp. The current management of Paivis and Jupiter
will
not continue with the successor entity. A new team of experienced
management will be brought in, and the current management of Macro
Communications, Inc., the core operating subsidiary of Jupiter,
will take
a leading role in the management of the merged companies.
Jan
Stahl, the departing Chief Executive Officer of Paivis, commented,
"We are
pleased to have been able to reach a closing of the transaction
and we
welcome the Jupiter shareholders as Paivis shareholders and feel
very
strongly on the new combined entities moving forward".
Ray
Hawkins, the Chief Executive Officer of Jupiter, commented further,
"We
are glad we achieved a closing of the Merger Agreement; the future
is
bright for the merged company".
Details,
including but not limited to the specifics of the exchange ratio,
regarding the consummation of the Merger Agreement will be filed
by Paivis
in a Current Report on Form 8-K with the U.S. Securities and Exchange
Commission as required.
ABOUT
PAIVIS, CORP. (FORMERLY APO HEALTH, INC.)
Paivis,
Corp. (formerly APO Health, Inc.), a Nevada corporation, through
its
subsidiary distributes medical, dental and health and beauty aids
products
to dental and medical professionals and wholesalers throughout
the United
States.
ABOUT
JUPITER GLOBAL HOLDINGS, CORP.
Jupiter
Global Holdings, Corp., a Nevada corporation, is a holding company
with
interests and developments in a diverse number of growing industries.
Jupiter plans to achieve a leadership position through the building
of a
synergistic network of innovative, profitable and global businesses.
CAUTIONARY
STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
The
Private Securities Litigation Reform Act of 1995 (the "PSLRA")
provides a
"safe harbor" for forward-looking statements so long as those statements
are identified as forward-looking and are accompanied by meaningful
cautionary statements identifying important factors that could
cause
actual results to differ materially from those projected in such
statements.
Statements
contained herein that are not based on historical fact, as well
as other
statements including words such as "anticipate", "believe", "plan,"
"estimate", "expect", "intend", "will", "could" and other similar
expressions, constitute forward-looking statements under the PSLRA.
Paivis
and Jupiter intend that such forward-looking statements be subject
to the
safe harbor created thereby. Such forward-looking statements are
based on
current assumptions but involve known and unknown risks and uncertainties
that may cause Paivis and Jupiter actual results, performance or
achievements to differ materially from current expectations. These
risks
include economic, competitive, governmental, technological and
other
factors discussed in Paivis and Jupiter annual, quarterly and other
periodic public filings on record with the Securities and Exchange
Commission which can be viewed free of charge on its website at
http://www.sec.gov.
Please
visit Jupiter's website: www.jupiterglobal.net
For
more information regarding Jupiter, please contact:
Jupiter
Global Shareholder Services
Phone:
1.800.963.6532
Email
Address: Email
Contact
For
more Paivis information please contact:
Phone:
516-594-0005 x 221

text:
Paivis,
Corp.

text: Jupiter Global Holdings

text:
Paivis,
Corp.

text: Paivis

text:
Jupiter
Global Holdings, Corp.

text: Jupiter

text: Paivis

text: Jupiter

text: Jupiter

text: Paivis

text: Paivis

text: Jupiter

text: Jupiter

text: Jupiter

text: Paivis

text: Paivis, Corp.

text: Paivis

text: Jupiter

text: Jupiter

text: Paivis

text: Jupiter

text: Paivis

text: Jupiter

text: Paivis

text: PAIVIS, CORP.

text:
Paivis,
Corp.

text: JUPITER GLOBAL HOLDINGS, CORP.

text:
Jupiter
Global Holdings, Corp.

text: Jupiter

text: Paivis

text: Jupiter

text: Paivis

text: Jupiter

text: Paivis

text: Jupiter

text: Jupiter

text: Jupiter

text: Paivis


text:
EX-99.1
2
a4791550ex99.txt
CONTANGO OIL & GAS COMPANY EXHIBIT 99.1
Contango Completes $50 Million Sale of South Texas Properties
HOUSTON--December 29, 2004--Contango Oil & Gas Company
(AMEX:MCF) announced today that it has completed the sale of
substantially all of its south Texas natural gas and oil interests to
Edge Petroleum Corporation (Nasdaq:EPEX) for $50 million. The sale was
approved by a majority of the Company's stockholders at a Special
Meeting of Stockholders on Dec. 29, 2004. Pre-tax proceeds to Contango
after netting adjustments will equal approximately $43.2 million.
Adjustments were made for net revenues that Contango received for
production occurring after July 1, 2004, the effective date of sale,
up to the closing date of Dec. 29, 2004. The Company estimates taxes
owed as a result of this sale at approximately $8 million. The Company
has no debt and estimates it will have net proceeds after taxes of $35
million.
Following the sale, the Company has remaining production of
approximately 2,300 MMBtue per day. Based on current prices and
production rates, the Company anticipates production revenues of
$300,000 to $400,000 per month, a level believed to be sufficient to
pay our ongoing estimated general and administrative expenses of
$200,000 per month.
Initially, the Company expects to invest the proceeds from the
sale in short-term U.S. government and investment grade debt
securities. These funds will provide working capital for ongoing
operations and will allow us to continue investing in our existing
onshore exploration programs and to maintain our 10% limited
partnership interest in the Freeport LNG plant, including any
potential expansion in the plant's capacity.
Kenneth R. Peak, Contango's chairman and chief executive officer,
said, "We currently expect that we will participate in approximately
20 onshore wells in calendar year 2005. Our estimated share of dry
hole costs for these wells is approximately $10 million.
"Additionally, the funds will enable the Company to consider
acquiring a 5% to 20% working interest position on a prospect by
prospect basis in offshore Gulf of Mexico exploration opportunities
developed by our two partially owned subsidiaries, Republic
Exploration, LLC (REX) and Contango Offshore Exploration, LLC (COE).
In the offshore our two partially owned subsidiaries, REX and COE, are
scheduled to be carried in four deep shelf wells in calendar year
2005. Our EI-113B exploratory well is expected to begin production in
the summer of 2005. Contango anticipates monthly net revenues of about
$150,000.
"We expect to increase our investment in Contango Capital Partners
Fund I by about $1.5 million in January 2005, bringing our total
investment in Contango Capital related ventures to $2.1 million.
Contango Capital has made and expects to close several transactions in
fuel cell and hydrogen generation technologies. Trulite, one of
Contango Capital's primary investments, has made significant progress
in developing its portable fuel cell and expects to launch commercial
products in calendar year 2005. Contango Capital expects to close Fund
I at a value of approximately $10 million by January 2005".
Contango is a Houston-based, independent natural gas and oil
company. The Company explores, develops, produces and acquires natural
gas and oil properties primarily onshore in the Gulf Coast and
offshore in the Gulf of Mexico. Contango also owns a 10% partnership
interest in Freeport LNG Development L.P., which is developing 1.5
billion cubic feet per day of natural gas capacity at its LNG terminal
to be constructed in Freeport, Texas, and a 32% interest in Contango
Capital Partnership Management, LLC, which was formed to invest in the
alternative energy venture capital market with a focus on
environmentally preferred energy technologies. Additional information
can be found on our Web page at www.contango.com.
This press release contains forward-looking statements that
involve risks and uncertainties, and actual events or results may
differ materially from Contango's expectations. The statements reflect
Contango's current views with respect to future events that involve
risks and uncertainties, including those related to successful
negotiations with other parties, oil and gas exploration risks, price
volatility, production levels, closing of transactions, capital
availability, operational and other risks, uncertainties and factors
described from time to time in Contango's publicly available reports
filed with the Securities and Exchange Commission.
CONTACT: Contango Oil & Gas Company, Houston
Kenneth R. Peak, 713-960-1901
www.contango.com

text: CONTANGO OIL & GAS COMPANY

text: Contango

text: Contango Oil & Gas Company

text: Edge Petroleum Corporation

text: Contango

text: Contango

text: Contango

text: Contango

text: Contango

text: Contango

text: Contango

text: Contango

text: Contango

text: Contango

text: Contango

text: Contango

text: Contango

text: Contango

text: Contango

text: Contango

text: Contango Oil & Gas Company


text:
EX-99.1
7
ex99-1.htm
Exhibit
99.1
FAT
Brands Inc. Completes Acquisition of Fazoli's Restaurant Chain
FAT
Brands Continues to Focus on Broadening Restaurant Portfolio, Making Entrance into Italian Dining Category
LOS
ANGELES, Dec. 15, 2021 -
FAT (Fresh. Authentic. Tasty.) Brands Inc.
(NASDAQ: FAT) ("FAT Brands" or the "Company")
today announced the completion of its pending acquisition of
Fazoli's
from funds under management by Sentinel Capital Partners
for $130 million. The acquisition marks FAT Brands' debut into the Italian quick-service dining category.
With
over 200 stores currently open and a development pipeline of 100 units over the next several years, the purchase of Fazoli's will
increase FAT Brands' footprint to approximately 2,300 franchised and corporate-owned stores around the world, bringing 2022 expected
systemwide sales at FAT Brands to more than $2.2 billion.
"This
has been a year of tremendous growth for FAT Brands. While we have focused on expanding our footprint and scale via strategic acquisitions,
we also continue to show strong same-store sales systemwide", said
FAT Brands
CEO Andy Wiederhorn. "Fazoli's
has had an outstanding year when it comes to brand performance with three quarters of record-setting sales. We are eager to integrate
Fazoli's into our portfolio, working with CEO Carl Howard and team to build upon this great success going into 2022".
"Fazoli's
has had a historic year. Our store traffic continues to soar, and our domestic development pipeline couldn't be any stronger,"
said Carl Howard, CEO of Fazoli's. "Now a part of FAT Brands, we will look to tap into their scale and global presence to
bring our delectable Italian cuisine to new markets internationally to one day take the title of largest, premium QSR Italian chain worldwide".
For
FAT Brands, Duff & Phelps Securities, LLC served as financial advisor and Foley & Lardner LLP acted as legal counsel. For Sentinel
Capital Partners, North Point Mergers and Acquisitions Inc. served as financial advisor and Winthrop & Weinstine, P.A. acted as legal
counsel.
###
About
FAT (Fresh. Authentic. Tasty.) Brands
FAT
Brands (NASDAQ: FAT) is a leading global franchising company that strategically acquires, markets and develops fast casual, quick-service,
casual and polished casual dining restaurant concepts around the world. The Company currently owns 15 restaurant brands: Round Table
Pizza, Fatburger, Marble Slab Creamery, Johnny Rockets, Twin Peaks, Great American Cookies, Hot Dog on a Stick, Buffalo's Cafe
& Express, Hurricane Grill & Wings, Pretzelmaker, Elevation Burger, Yalla Mediterranean and Ponderosa and Bonanza Steakhouses,
and franchises over 2,100 units worldwide. For more information on FAT Brands, please visit
www.fatbrands.com
.
About
Fazoli's
Founded
in 1988 in Lexington, KY, Fazoli's owns and operates nearly 220 restaurants in 28 states, making it the largest premium QSR Italian
chain in America. Fazoli's prides itself on serving premium quality Italian food, fast, fresh and friendly. Menu offerings include
freshly prepared pasta entrees, Submarinos
®
sandwiches, salads, pizza and desserts - along with its unlimited signature
breadsticks.
Forward
Looking Statements
This
press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including
statements relating to the ability of Fazoli's to open new stores under development, the future financial performance and growth
of the Company following the acquisition of Fazoli's, and the Company's ability to conduct future accretive and successful
acquisitions. Forward-looking statements reflect the Company's expectations concerning the future and are subject to significant
business, economic and competitive risks, uncertainties and contingencies including, but not limited to, the Company's ability
to successfully integrate and exploit the synergies of the acquisition of Fazoli's, the Company's ability to grow and expand
revenues and earnings following the acquisition, and uncertainties surrounding the severity, duration and effects of the COVID-19 pandemic.
These risks, uncertainties and contingencies are difficult to predict and beyond our control, and could cause our actual results to differ
materially from those expressed or implied in such forward-looking statements. We refer you to the documents we file from time to time
with the Securities and Exchange Commission, such as our reports on Form 10-K, Form 10-Q and Form 8-K, for a discussion of these and
other risks and uncertainties that could cause our actual results to differ materially from our current expectations and from the forward-looking
statements contained in this press release. We undertake no obligation to update any forward-looking statement to reflect events or circumstances
occurring after the date of this press release.
MEDIA
CONTACT:
Erin
Mandzik, FAT Brands
emandzik@fatbrands.com
860-212-6509
INVESTOR
RELATIONS:
Lynne
Collier, ICR
IR-FATBrands@icrinc.com
646-430-2216

text: Brands Inc.

text: Fazoli

text: Brands Inc.

text: Fazoli's

text: Fazoli's

text: Fazoli's

text: Fazoli's

text: Carl Howard

text: Fazoli's

text: Carl Howard

text: Fazoli's

text: Duff & Phelps Securities, LLC

text: Foley & Lardner LLP

text: Winthrop & Weinstine, P.A.

text: Fazoli's

text: Fazoli's

text: Fazoli's

text: Fazoli's

text: Fazoli

text: Fazoli's


text:
EX-99.1
8
h72950exv99w1.htm
EX-99.1
exv99w1
Exhibit 99.1
Contacts:
Roy I. Lamoreaux
A. Patrick Diamond
Director, Investor Relations
Vice President
713-646-4222 - 800-564-3036
Plains All American Pipeline, L.P.
713-646-4487 - 800-564-3036
FOR IMMEDIATE RELEASE
PAA Natural Gas Storage, L.P. Completes Initial Public Offering
HOUSTON, May 5, 2010 - PAA Natural Gas Storage, L.P. (NYSE: PNG) today
announced that it has completed its initial public offering of 13,478,000
common units representing limited partner interests at $21.50 per common unit.
The number of units issued at closing included 1,758,000 additional common
units issued pursuant to the full exercise of the underwriters' over-allotment
option.
Net proceeds received by PAA Natural Gas Storage from the sale of the
13,478,000 common units were approximately $269 million. PNG expects to use
these net proceeds, together with $200 million of borrowings under its new
credit facility, to repay intercompany indebtedness owed to Plains All American
Pipeline, L.P. (NYSE: PAA). PAA expects to use all or a portion of these
proceeds to repay amounts outstanding under its credit facilities and for
general partnership purposes.
The common units offered represent approximately 23.2 percent of the
outstanding equity of PNG. Plains All American Pipeline, L.P. owns the
remaining equity interests in PNG.
Barclays Capital, UBS Investment Bank, Citi, and Wells Fargo Securities acted
as joint book-running managers for the offering. BofA Merrill Lynch, J.P.
Morgan, Raymond James, Madison Williams, Morgan Keegan & Company, Inc., RBC
Capital Markets, and Stifel Nicolaus acted as co-managers for the offering.
This offering of common units will be made only by means of a prospectus. A
copy of the final written prospectus meeting the requirements of Section 10 of
the Securities Act of 1933, may be obtained from the offices of:
Barclays Capital
UBS Investment Bank
c/o Broadridge Integrated Distribution Services
Attn: Prospectus Department
1155 Long Island Avenue
299 Park Avenue
Edgewood, New York 11717
New York, New York 10171
Toll free: 1-888-603-5847
Toll free: 1-888-827-7275
Barclaysprospectus@broadridge.com
Citi
Wells Fargo Securities
Brooklyn Army Terminal
Attn: Equity Syndicate Dept.
Attention: Prospectus Dept.
375 Park Avenue New York
140 58th Street, 8th floor,
New York 10152
Brooklyn, NY, 11220
Telephone: (800) 326-5897
Toll-free number: (800) 831-9146
equity.syndicate@wellsfargo.com
batprospectusdept@citi.com
A registration statement relating to these securities has been filed with, and
declared effective by, the Securities and Exchange Commission. This news
release shall not constitute an offer to sell or the solicitation of an offer
to buy nor shall there be any sale of these securities in any state in which
such offer, sale or solicitation would be unlawful prior to registration or
qualification under the securities law in any such state.
###

text: Patrick Diamond

text: PAA Natural Gas Storage, L.P.

text: PAA Natural Gas Storage, L.P.

text: Barclays Capital

text: UBS Investment Bank

text: Citi

text: Wells Fargo Securities

text: BofA Merrill Lynch

text:
J.P.
Morgan

text: Raymond James

text: Madison Williams

text: Morgan Keegan & Company, Inc.

text:
RBC
Capital Markets

text: Stifel Nicolaus

text: Barclays Capital

text: UBS Investment Bank

text: Citi

text: Wells Fargo Securities


text:
EX-99.1
3
d237425dex991.htm
EX-99.1
EX-99.1
Exhibit 99.1
Cannae Holdings, Inc. Announces Sale of Its Interest in Optimal Blue to Black Knight, Inc.
February 15, 2022
Total Transaction Value of
$578 Million
Proceeds Include Shares of Dun & Bradstreet and Cash
LAS VEGAS-(BUSINESS
WIRE)--Feb.
15, 2022-- Cannae Holdings, Inc. (NYSE: CNNE) ("Cannae" or the
"Company") today announced that it has sold its 20% interest in Optimal Blue Holdco, LLC (Optimal Blue) to Black Knight, Inc. (NYSE:BKI) for total consideration of $578 million.
William P. Foley II, Chairman of Cannae, commented, "Optimal Blue has been a terrific operation and outperformer from day one of our investment,
culminating in a 2x return on our $289 million investment made less than 18 months ago".
The consideration received is comprised of
$144.5 million in cash and 21.8 million shares of Dun & Bradstreet Holdings, Inc. ("Dun & Bradstreet" or "D&B") valued at $433.5 million. This transaction, after fees, increases Cannae's
ownership of D&B from 68 million shares, or 16%, to 88 million shares, or 20% of Dun & Bradstreet. Foley continued, "We continue to see expanding growth opportunities both organically and inorganically in D&B and are
excited to increase our commitment in terms of share ownership".
About Cannae Holdings, Inc.
Cannae Holdings, Inc. (NYSE: CNNE) is engaged in actively managing and operating a group of companies and investments, as well as making additional majority
and minority equity portfolio investments in businesses. Cannae's current principal holdings include Dun & Bradstreet Holdings, Inc. (NYSE: DNB), in which Cannae holds 88 Million shares or 20% interest. Cannae's second principal
holding is Ceridian (NYSE: CDAY), in which Cannae owns 8 Million shares representing 5% interest. Cannae holds 60 Million shares, or 8% of Paysafe (NYSE: PSFE), as well as 8.1 Million Paysafe warrants. Cannae also holds 52.5 Million shares, or 10%,
of Alight, Inc. (NYSE: ALIT), and 28.2 Million shares, or 26%, of System1, Inc. (NYSE: SST), as well as 1.2 Million warrants to purchase SST shares. Cannae's other principal holdings include Sightline Payments, of which Cannae owns 33%.
View source version on businesswire.com:
https://www.businesswire.c
om/news/home/20220214005918/en/
Jamie Lillis, Managing Director, Solebury Trout,
203-428-3223,
jlillis@soleburytrout.com
Source: Cannae Holdings, Inc.

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