text:
EX-99.1
8
a07-23054_1ex99d1.htm
EX-99.1
EXHIBIT
99.1
LINN
ENERGY ANNOUNCES CLOSINGS OF $2.05 BILLION MID-CONTINENT ACQUISITION AND $1.5
BILLION EQUITY PRIVATE PLACEMENT; NEW $1.8 BILLION CREDIT FACILITY
Houston, Texas, August 31, 2007
- Linn Energy, LLC (Nasdaq: LINE) announced today that it has closed its
previously announced acquisition of certain oil and gas properties in the
Mid-Continent from Dominion Resources, Inc. (NYSE: D) for a contract price of
$2.05 billion, subject to customary post closing adjustments.
"We are very pleased and
excited about closing our landmark acquisition of Dominion's Mid-Continent
properties", said Michael C. Linn, Chairman, President and Chief Executive
Officer of Linn Energy. "This transforming event for Linn Energy makes us
one of the top 20 largest independent oil and gas companies in the United
States. On behalf of Linn Energy, I welcome the talented new employees
that join our team today".
In addition, the Company
closed its previously announced private placement of $1.5 billion of equity
securities to third party investors. The
securities include approximately 13 million units and approximately 35 million
class D units, or a total of approximately 48 million units. The class D units represent a new class of
equity in Linn Energy and, if approved by a unitholder vote, will convert into
units on a one-for-one basis. The
Company has agreed to hold a special meeting of unitholders to consider the
conversion as soon as possible but no later than December 29, 2007. If all of the class D units are converted into
units, the Company anticipates that there will be approximately 114 million
total units outstanding on a pro forma basis.
The Company also
announced that it has entered into a new $1.8 billion secured revolving credit
facility. The Company used proceeds from
the equity private placement, together with borrowings under its new credit
facility, to fund the purchase price of the acquisition.
Linn Energy expects that
the acquisition will be accretive to distributable cash flow per unit. As previously announced, management currently
plans to recommend to the Board of Directors an increase in the cash distribution
beginning with the fourth fiscal quarter of 2007 to an annual rate of $2.52 per
unit from the current annual rate of $2.28 per unit. In addition, the Company plans to retain a
certain percentage of the expected accretion to strengthen its distribution
coverage ratios. Linn Energy expects to
issue shortly revised guidance for the third quarter of 2007 and fiscal years
2007 and 2008.
ABOUT LINN ENERGY
Linn Energy is an
independent oil and gas company focused on the development and acquisition of
long-lived properties which complement its asset profile in producing basins
within the United States. More
information about Linn Energy is available on the internet at
www.linnenergy.com.
CONTACTS:
Kolja Rockov
Jeanine Mouret
Executive Vice
President and CFO
Manager, Investor Relations
281-840-4169
281-840-4144
This press release
includes "forward-looking statements" within the meaning of the federal
securities laws. All statements, other
than statements of historical facts, included in this press release that
address activities, events or developments that the Company expects, believes
or anticipates will or may occur in the future are forward-looking
statements. These statements in this
press release include but are not limited to statements about the transaction,
future distributable cash flow levels and future distributions. These statements are based on certain
assumptions made by the Company based on management's experience and perception
of historical trends, current conditions, anticipated future developments and
other factors believed to be appropriate.
Such statements are subject to a number of assumptions, risks and uncertainties,
many of which are beyond the control of the Company, which may cause actual
results
to differ materially from
those implied or expressed by the forward-looking statements. These include risks relating to financial
performance and results, availability of sufficient cash flow to pay
distributions and execute our business plan, prices and demand for oil, natural
gas and natural gas liquids, our ability to replace reserves and efficiently
develop our current reserves and other important factors that could cause
actual results to differ materially from those projected as described in the
Company's reports filed with the Securities and Exchange Commission. See "Risk Factors" in the Company's Quarterly
Report on Form 10-Q for the quarter ended June 30, 2007 and Annual Report on
Form 10-K for the year ended December 21, 2006 and other public filings and
press releases.
Any forward-looking
statement speaks only as of the date on which such statement is made and the
Company undertakes no obligation to publicly correct or update any
forward-looking statement, whether as a result of new information, future
events or otherwise.

text:
LINN
ENERGY

text: Linn Energy, LLC

text: Dominion Resources, Inc.

text: Michael C. Linn

text: Linn Energy

text: Linn Energy

text: Linn Energy

text: Linn Energy

text: Linn Energy

text: Linn Energy

text: LINN ENERGY

text: Linn Energy

text: Linn Energy


dataset: buster

text:
EX-99.9
4
f8k020917_ex99z9.htm
EXHIBIT 99.9 PRESS RELEASE
Exhibit 99.9 Press Release
MOMENTOUS ENTERTAINMENT GROUP NEGOTIATES CREDITOR SETTLEMENT FOR POOLWORKS DEBT AND CLOSES ON GERMAN SOCIAL NETWORKS STUDIVZ AND MEINVZ ACQUISITION
Social Media Acquisition Expands Distribution in Germany, Switzerland and Austria
LAS VEGAS, NEVADA,
February 8, 2017 - Momentous Entertainment Group, Inc. ("Momentous") (OTCBB:MMEG), a diversified media company with a focus on technology that creates, produces and distributes quality content across various media platforms, announced today that it has reached an agreement with Poolworks' major creditor and executed a definitive agreement resulting in the completion of the acquisition of Poolworks Germany Ltd ("Poolworks"), one of the largest social media companies in Europe with its social networks studiVZ and meinVZ, for $10 million in preferred stock.
The studiVZ platform was founded in 2005 in Berlin and received investment capital from Lukasz Gadowski, Georg von Holtzbrinck Publishing Group and the Samwer brothers. It was acquired along with meinVZ by Georg von Holtzbrinck Publishing Group in 2007 for 85 million euros and then by financiers Michael Pope and Adam Levin in 2012. Today, studiVZ and meinVZ has nearly 10 million registered users and over 40M ad impressions per month, largely in the German-speaking countries of Germany, Switzerland and Austria.
Momentous is committed to relaunching the Poolworks web and mobile platforms to increase user engagement and retention. Users will see expanded video features such as a new OTT streaming service and an easy-to-use e-commerce capabilities to attract a wider audience and additional revenue. The executive team at Momentous is committed to maintaining a strong focus on information security for its users, something that competing German social networks continue to neglect.
Momentous' CEO, Kurt Neubauer, stated, "Our management team was very concerned when we came to understand the gravity of the credit issues with Poolworks. But, after a number of discussions and negotiations, Momentous' management has reached an settlement agreement with the Poolworks creditor. We are very pleased that the creditor was willing to come to the table and negotiate a positive solution for the Company and its shareholders." Mr. Neubauer also stated, "This has allowed Momentous the ability to close on the acquisition and begin to advance Poolworks social media system to enhance it's users experiences by offering new features such as our streaming media services and other industry leading product enhancements".
About Poolworks Germany Ltd.
Poolworks'
studiVZ and meinVZ record nearly 10 million registered users between the ages of 16 and 59 and over 40 million ad impressions per month. Established in Germany in 2005, Poolworks has evolved into a recognizable household name by developing new platforms, integrating content, and marketing social games. To learn more, visit Poolworks' websites: www.studivz.net and www.meinvz.net.
About Momentous Entertainment Group (MMEG)
Momentous Entertainment Group, Inc. is a diversified media company with a focus on technology that creates, produces and distributes quality content across various media platoforms. Momentous has a combined management experience of more than 100 years in entertainment, technology and marketing.
Please note the Company may use social media to communicate with the public. This communication may include information that could be deemed material information. As a result, the Company encourages interested parties to review the information that it posts on the following social media channels: Facebook (https://fac
ebook.com/momentousent13), Twitter (https://twitter.com/momentousent13), and LinkedIn (https://www.linkedin.com/company/10623581).
To learn more, visit Momentous Entertainment Group's websites:
Products Site www.momentousent.com, Music Site www.momentousmusic.com, Music One Corp www.music1.biz and Poolworks' www.studivz.net and www.meinvz.net.
Forward-Looking Statements
This press release may contain forward-looking statements, including information about management's view of Momentous Entertainment Group Inc's (MMEG) future expectations, plans and prospects. In particular, when used in the preceding discussion, the words "believes", "expects", "intends", "plans", "anticipates", or "may", and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of MMEG to be materially different than those expressed or implied in such statements. These risk factors and others are included from time to time in documents MMEG files with the Securities and Exchange Commission, including but not limited to, its Form 10-Ks, Form 10-Qs and Form 8-Ks. Other unknown or unpredictable factors also could have material adverse effects on MMEG's future results. The forward-looking statements included in this press release are made only as of the date hereof. MMEG cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, MMEG undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by MMEG.
Contacts:
Tim Williams 800-314-8912 investors@momentousent.net

label: organization

text: MOMENTOUS ENTERTAINMENT GROUP

text: Momentous Entertainment Group, Inc.

text: Poolworks Germany Ltd

text: Poolworks Germany Ltd

text: Momentous Entertainment Group

text: Momentous Entertainment Group, Inc.

text: Momentous Entertainment Group

source_dataset: expertai/BUSTER

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


text:
EX-99.1
2
l26074aexv99w1.htm
EXHIBIT 99.1
exv99w1
Exhibit
99.1
NEWS RELEASE - May 7, 2007
For information, call:
Ken Golden
Director, Strategic Public Relations
309-765-5678
Deere & Company completes acquisition of LESCO
MOLINE, Illinois (May 7, 2007) - Deere & Company (NYSE: DE) announced today that it has
completed its acquisition of LESCO, Inc. (NASDAQ: LSCO), an Ohio-based company and a leading
supplier of lawn care, landscape, golf course and pest control products. The transaction was closed
today.
Deere and LESCO had announced a definitive merger agreement in February. Deere said the
transaction roughly doubles the number of store locations for John Deere Landscapes with the
addition of LESCO's 345 stores and 114 Stores-on-Wheels, strengthening its presence across the
U.S., especially in the eastern seaboard states.
The combination of LESCO and John Deere Landscapes will significantly increase the volume of
consumable products sold by John Deere Landscapes; will expand the customer base for both LESCO and
John Deere Landscapes products and services; and will complement John Deere's work in the Golf &
Turf One Source business, which focuses on bringing total solutions to those who maintain golf
course properties.
John Deere (Deere & Company - NYSE: DE) is the world's leading provider of advanced products
and services for agriculture and forestry and a major provider of advanced products and services
for construction, lawn and turf care, landscaping and irrigation. John Deere also provides
financial services worldwide and manufactures and markets engines used in heavy equipment. Since it
was founded in 1837, the company has extended its heritage of integrity, quality, commitment and
innovation around the globe.

label: person

text: Ken Golden

text: Deere & Company

text: LESCO

text: Deere & Company

text: LESCO, Inc.

text: Deere

text: LESCO

text: Deere

text: Deere

text: LESCO

text: LESCO

text: Deere

text: Deere

text: LESCO

text: Deere

text: Deere

text: Deere

text: Deere & Company

text: Deere


text:
EX-99.1
3
a5792178ex99_1.htm
EXHIBIT 99.1
Exhibit 99.1
Ciprico
Completes Sale of Intellectual Property to Dot Hill
MINNEAPOLIS--(BUSINESS WIRE)--Ciprico Inc. (the "Company" or "Ciprico"),
announced today that on September 24, 2008, it closed the asset sale of
certain of Ciprico's intellectual property assets to Dot Hill Systems
Corp. (NASDAQ: HILL). Pursuant to bankruptcy proceedings Dot Hill
Systems was the winning bidder to acquire all of Ciprico's rights to its
RAIDCore™ technology and a joint ownership interest with Ciprico in its
NAS intellectual property. Payment terms include a cash payment of $2.25
million at closing, a promissory note for $1.0 million over a 42-month
period and an earnout of as much as $2 million over 42 months. At
closing the Company repaid a debtor-in-possession loan from Dot Hill
Systems of $225,000.
Ciprico filed for Chapter 11 bankruptcy protection on July 28, 2008. The
U.S. Bankruptcy Court for the District of Minnesota in Minneapolis
approved the Agreement on September 18, 2008.
About Ciprico
Ciprico Inc. (NASDAQ: CPCI) is a leading provider of intelligent storage
software, solutions and appliances for enterprise class IT servers,
professional workstations and digital media workflows. Ciprico is
headquartered in Minneapolis, MN. More information about Ciprico is
available at
www.ciprico.com
.
CONTACT:
Ciprico Inc.
Steven D. Merrifield, 952-540-2400
Chief
Executive Officer
or
Monte S. Johnson, 952-540-2400
Sr. VP & CFO

text: Ciprico Inc.

text:
Dot Hill Systems
Corp.

text: Ciprico Inc.

text: Ciprico Inc.


text:
EX-99.1
2
ex99-1.htm
Exhibit
99.1
Purebase
Completes Transaction to for SCM
IONE,
CA, June 12, 2020 (GLOBE NEWSWIRE) - Purebase Corporation (OTCQB: PUBC), a diversified resource company, headquartered in
Ione, California, today announces that it has closed on a transaction to acquire a large-scale mineral processing plant from the
Quove Corporation. The definitive agreement was signed May 1
st
, 2020, and both sides have met the qualifications to
close as of June 11
th
, 2020.
Purebase's
President and CEO, Scott Dockter stated, "These components are key pieces of our production facility for the near-term commercialization
of SCM into the West Coast".
About
Purebase Corporation
Purebase
Corporation (OTCQB: PUBC) is a diversified resource company that acquires, develops and markets minerals for use in the agriculture,
construction and other specialty industries.
Contacts
David
Harvey | Purebase Corporation
david.harvey@purebase.com,
and
please visit our corporate website and subscribe to our upcoming Newsletter -
www.purebase.com/newsletter
Safe
Harbor
This
press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities
Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those
statements include statements regarding the intent, belief, or current expectations of Purebase Corporation and members of its
management team as well as the assumptions on which such statements are based. Such forward-looking statements are not guarantees
of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated
by such forward-looking statements. Important factors currently known to management that may cause actual results to differ from
those anticipated are discussed throughout the Company's reports filed with Securities and Exchange Commission which are
available at www.sec.gov as well as the Company's web site at www.purebase.com. The Company undertakes no obligation to
update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes
to future operating results.

text: Purebase

text: Purebase Corporation

text: Quove Corporation

text: Purebase

text: Purebase Corporation

text:
Purebase
Corporation

text: Purebase Corporation

text: Purebase Corporation


text:
EX-99.1
3
a21419ex991.htm
EX-99.1
Document
Exhibit 99.1
For Immediate Release
Astronics Corporation Completes the Sale of its Semiconductor System Level Test Technology
EAST AURORA, NY, February 14, 2019 - Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for the global aerospace, defense, and semiconductor industries, announced today that it has closed the previously announced sale of the intellectual property and certain assets associated with its semiconductor test product line to Advantest Corporation (TSE: 6857).
The terms of the transaction were renegotiated due to a change in business conditions related to the product line. The new terms include an upfront payment of $100 million in cash, plus a potential earn-out payment of up to $35 million based on certain performance milestones over the next 4 years. This compares with the previously announced $185 million purchase price, plus an earn-out payment of up to $30 million based on certain performance milestones. The renegotiated sales agreement does not include a manufacturing service contract as previously announced.
Peter J. Gundermann, President and CEO of Astronics, commented, "We have strong confidence in Advantest's ability to further the adoption of these solutions across the semiconductor industry and expect that the team and competencies we have developed will achieve new highs under their ownership. We will continue to develop and advance our aerospace & defense test solutions while employing our multi-system test software capabilities in a variety of applications".
ABOUT ASTRONICS CORPORATION
Astronics Corporation (Nasdaq: ATRO) serves the world's aerospace, defense and semiconductor industries with proven, innovative technology solutions. Astronics works side-by-side with customers, integrating its array of power, connectivity, lighting, structures, interiors, and test technologies to solve complex challenges. For 50 years, Astronics has delivered creative, customer-focused solutions with exceptional responsiveness. Today, global airframe manufacturers, airlines, military branches, completion centers, and Fortune 500 companies rely on the collaborative spirit and innovation of Astronics.
For more information on Astronics and its solutions, visit Astronics.com.
SAFE HARBOR STATEMENT
This news release contains forward-looking statements as defined by the Securities Exchange Act of 1934. One can identify these forward-looking statements by the use of the words "expect", "anticipate", "plan", "may", "will", "estimate" or other similar expressions. Because such statements apply to future events, they are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated by the statements. Important factors that could cause actual results to differ materially from what may be stated here include the duration of the transition services agreement, the future success of the test technology, the opportunities with the aerospace & defense test business, the applications of the multi-system test software capabilities, the state of the aerospace & defense industries, the market acceptance of newly developed products, internal production capabilities, the timing of orders received, the status of customer certification processes and delivery schedules, the demand for and market acceptance of new or existing aircraft which contain the Company's products, the need for new and advanced test and simulation equipment, customer preferences and other factors which are described in filings by Astronics with the Securities and Exchange Commission. The Company assumes
Exhibit 99.1
no obligation to update forward-looking information in this news release whether to reflect changed assumptions, the occurrence of unanticipated events or changes in future operating results, financial conditions or prospects, or otherwise.
Company Contact Investor Relations
David C. Burney Deborah K. Pawlowski Chief Financial Officer, Astronics Corporation Investor Relations, KEI Advisors david.burney@astronics.com dpawlowski@keiadvisors.com +1.716.805.1599 +1.716.843.3908
-###-

text: Astronics Corporation

text: Astronics Corporation

text: Advantest Corporation

text: Peter J. Gundermann

text: ASTRONICS CORPORATION

text: Astronics Corporation

text: Astronics Corporation


text:
EX-99.7
8
turv20121102exh997.htm
DIONISIO ASSIGNMENT OF TRADEMARK
turv20121102exh997.htm
Exhibit 99.7
Assignment of Trademark
For good and sufficient consideration, receipt of which is hereby acknowledged, R & S Dionisio Real Estate and Equipment, LLC, a Colorado limited liability company ("R&S"), Dionisio Produce & Farms, LLC, a Colorado limited liability company ("DPF") and Russell L. Dionisio ("Dionisio") on the one hand and hereinafter referred to collectively as "Seller" does sell, assign, and transfer to TR Bessemer, LLC, a Colorado limited liability company, its successors and assigns ("
Buyer
"), a wholly-owned entity of Two Rivers Water Company, a Colorado corporation ("TRWC"), effective as of November 2, 21012, all Seller's right, title, and interest in and to each and all of the following assets:
1.
All of Seller's rights to the trademarks "Dionisio Farms & Produce", "Dionisio Produce & Farms", "Dionisio Produce", "Dionisio Farms" and any marks related to the Dionisio Farms & Produce business ("Trademarks").
2.
All of Seller's rights to the following rights associated with the Trademarks, including but limited to:
(a) The logos, business practices, use standards, trade dress, and good will associated therewith.
(b) The renewals, extensions and modifications of any applications or use with local, state, and federal offices or regulatory agencies.(c) All income, royalties, damages, and payments now and hereafter due and/or payable under and with respect thereto, including, without limitation, damages and payments for past or future infringements, dilution or improper use thereof;(d) All rights corresponding thereto, including, without limitation, the right to sue and recover for past, present and future infringements, dilution or improper use thereof.(e) All other proceeds and products of the foregoing, including, without limitation, any rights pursuant to its agreements with any other party relating thereto.
Representations and Warranties.
(i)
Seller warrants that it is the legal owner of all right, title and interest in the Trademark, that the Trademark(s) has not been otherwise previously pledged, assigned, or encumbered and that this assignment does not infringe on the rights of any person. Seller agrees to cooperate with Buyer and to execute and deliver all papers, instruments and assignments as may be necessary to vest all right, title and interest in and to the Trademark(s), including, without limitation, recordation of the assignment in the United States Patent and Trademark Office.
(ii)
Seller warrants that he will not enter into any agreement inconsistent with Seller's rights transferred under this Assignment.
(iii)
Seller warrants that this Assignment shall not terminate and shall survive the termination of any business relationship between Seller and Buyer and their assigns and successors. IN WITNESS WHEREOF, the parties have executed this Assignment by their signature or the signature of their duly authorized representatives below.
SELLER:
R & S Dionisio Real Estate and Equipment, LLC, a Colorado limited liability company
By: /s/ Russell Dionisio
Title: Managing Member
Dionisio Produce & Farms, LLC a Colorado limited liability company
By: /s/ Russell Dionisio
Title: Managing Member
BUYER:
TR Bessemer, LLC, a Colorado limited liability company
By: /s/ Wayne Harding, Manager

text: R & S Dionisio Real Estate

text: Equipment, LLC

text: Dionisio Produce & Farms, LLC

text: Russell L. Dionisio

text: TR Bessemer, LLC

text: Two Rivers Water Company

text: R & S Dionisio Real Estate

text: Equipment, LLC

text: Dionisio Produce & Farms, LLC

text: TR Bessemer, LLC


text:
EX-99.1
4
d510624dex991.htm
EX-99.1
EX-99.1
Exhibit 99.1
FOR IMMEDIATE RELEASE
NewStar Stockholders Approve Acquisition by First Eagle
BOSTON, Dec. 21, 2017
- NewStar Financial, Inc. (NASDAQ:NEWS) ("NewStar") announced today that its stockholders have approved the
acquisition of NewStar by First Eagle Investment Management and NewStar's related sale of a portfolio of investment assets to a newly formed investment fund sponsored by GSO Capital Partners LP. NewStar expects the transactions to close on
December 22, 2017, subject to satisfaction or waiver of remaining closing conditions.
About NewStar Financial
NewStar Financial Inc. (NASDAQ:NEWS) is an
internally-managed lender and credit-oriented asset manager headquartered in Boston, MA. The Company's direct lending activities are focused on meeting the complex financing needs of companies and private investors in the middle markets through
specialized lending groups that offer a range of flexible debt financing options. The Company also offers a range of investment management products employing credit-oriented strategies focused on middle market loans and liquid, tradeable credit. The
Company manages approximately $7.2 billion of assets, $3.6 billion held in consolidated subsidiaries of the Company and $3.6 billion in off balance sheet credit funds.
NewStar also has regional offices in Chicago, IL, Norwalk, CT, and New York, NY. For more detailed information, please visit our website at
www.newstarfin.com.
For additional information contact:
Robert K. Brown
500 Boylston Street, Suite 1250
Boston, MA 02116
617.848.2558
rbrown@newstarfin.com
Forward-Looking Statements
This release contains "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding, among other things, future performance, our expectations regarding our ability to support continued future asset growth or
expense reductions, our pending merger transaction with First Eagle and the pending asset sale transaction with the GSO fund. All statements other than statements of historical fact included in this release are forward-looking statements.
Forward-looking statements give our current expectations and projections relating to our financial condition, results of operations, strategic plans, the market price for NewStar's stock prevailing from time to time, the nature of other
investment opportunities presented to NewStar from time to time, objectives, future performance, financing plans and restrictive covenants in our debt instruments and other material agreements. As such, they are subject to material risks and
uncertainties. These risks and uncertainties include the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement with First Eagle or our asset sale transaction with the GSO fund; the
timing in which those transactions might be consummated; the failure to satisfy any closing conditions to the transactions; the effect of the announcement of the transactions on our operations and relationships with third parties or that compliance
by NewStar with the operating restrictions in the transaction agreements could have an adverse effect on NewStar's business; the risk that NewStar may not realize any or a portion of the tax refunds applicable to the contingent value rights (or
that such tax
refunds may be delayed or subject to disputes by the Congressional Joint Committee on Taxation or taxing authorities); our ability to leverage new and future assets to support growth; the general
state of the economy; our ability to compete effectively in a highly competitive industry; our ability to integrate acquired businesses; and the impact of federal, state and local laws and regulations that govern
non-depository
commercial lenders and businesses generally.
More detailed information about these risk factors
can be found in NewStar's filings with the Securities and Exchange Commission (the "SEC"), including Item 1A ("Risk Factors") of our 2016 Annual Report on Form
10-K,
and as
supplemented by any Risk Factors contained in our Quarterly Reports on Form
10-Q. NewStar
is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking
statements, whether as a result of new information, future events or otherwise, except as required by law.

text: NewStar

override: organization

text: NewStar Financial, Inc.

text: NewStar

text: NewStar

label: fund

text: Eagle Investment Management

override: fund

text: NewStar

text: GSO Capital Partners LP

text: NewStar

text: NewStar

text: NewStar

text: NewStar

text: NewStar

text: NewStar

text: NewStar

text: NewStar

text: NewStar


text:
EX-99.1
3
ex99_1.htm
EXHIBIT 99.1
SOCIETY
PASS (SOPA) COMPLETES ACQUISITION OF PUSHKART.PH EXPANDING SOUTHEAST ASIA FOOTPRINT
Singapore,
Feb. 14, 2022 (GLOBE NEWSWIRE) -- Society Pass Incorporated (Nasdaq: SOPA) ("
SoPa
" or the "
Company
"),
a leading Southeast Asian data-driven loyalty platform, today announced that it has acquired Pushkart.ph, a leading online grocery delivery
service in Philippines. As a result of the acquisition, Pushkart.ph becomes a wholly owned subsidiary of SoPa. The move kicks-off SoPa's
expansion into the Philippines market. Leveraging on SoPa's capital, Pushkart.ph will focus on dramatically increasing on-demand
grocery shopping services to more consumers and more retailers initially to Metro Manila and then to all of Philippines, while empowering
grocery stores and restaurants to transform business models and further tap into online markets.
The
announcement comes at a time of accelerated rapid growth for delivery services in Philippines, with the internet economy expected to
increase 24% from US$17 billion in 2021 to US$40 billion in 2025. Pushkart.ph is one of Philippines' fastest growing e-commerce
platforms, with a customer base of over 125,000 registered users, over 35,000 social media followers, and more than 20,000 mobile app
downloads.
Commenting
on this strategic step, Dennis Nguyen, Society Pass Founder, Chairman and Chief Executive Officer, said, "We are excited to combine
the robust technology, retail and operational prowess of a high-performance brand like Pushkart.ph with our brand building experience.
As the Phillipine consumer faces tremendous challenges with traditional brick and mortar shopping due to a plethora of hurdles including
excessive wait times in traffic/ public transport, SoPa aims to provide viable solutions by providing impetus to the growing e-commerce
industry in the country. Given the immense potential of the Philippines market, we are very excited about the opportunities that this
acquisition will bring in the upcoming months. In addition, as Philippines is a cornerstone of SoPa's VIP (Vietnam, Indonesia,
and Philippines) acquisition strategy, I expect to acquire a number of market leading companies in Philippines over the next few months".
"We
are very excited to announce our acquisition by Society Pass; this partnership provides us the opportunity to not only grow our presence
in Philippines but further our lead in the grocery delivery business. We are excited to join the larger SoPa ecosystem which will enable
us to harness its integrated marketing and technology proposition while also strengthening our collective senior management resources.
We foresee that this will lead to immediate returns in terms of cost optimization and increased revenue generation. With the capital
provided by SoPa, Pushkart.ph will now be empowered to provide enhanced end to end solutions to our customers and ensure an amplified
market presence", said Michael Lim, CEO of Pushkart.ph.
Society
Pass is leveraging technology to provide a more personalized experience for customers in the purchase journey, to help transform the
entire retail value chain in SEA. Through the acquisition of market-leading companies and partnership with visionary entrepreneurs in
five distinct verticals: loyalty, lifestyle, travel, food & beverage and merchant software, the company expects to meet the region's
growing demand for better and more convenient services. The acquisition is in line with SoPa's core vertical focus and facilitates
proliferation of its growth in Philippines while increasing consumer opportunities and delivering enhanced value. This move will also
help tap the increasing digital penetration in the online grocery shopping space in the Philippines market.
The
offering of this acquisition is of immense consequence to the end user with SoPa's aggressive new plans for Pushkart.ph which include
adding more hubs in key cities and regions and increasing its manpower. SoPa aims to expand Pushkart.ph's technology offering,
phenomenally increasing registered users to more than double to over 300,000, and driving app downloads to over 150,000 in 2022. Philippine
consumers will be able to use Pushkart.ph app across 19 cities in Metro Manila with a guaranteed next day delivery service.
About
Society Pass
SoPa's
customer loyalty and analytics platform has onboarded hundreds of thousands of registered consumers. SoPa provides merchants with SoPa.asia
- an online commerce platform for users, alongside with #HOTTAB Biz - a convenient order management app for business partners
on SoPa.asia, and #HOTTAB POS - a specialized POS technology solution, a comprehensive system for payment, loyal customer management,
user's profile analytics, and convenient financial support packages for small and medium-sized enterprises. All tools offered above
will allow businesses to attract and retain customers through personalized interaction based on analytics with a high profit margin.
SoPa also operates www.leflair.com, Vietnam's leading lifestyle e-commerce platform.
SoPa
is a loyalty and data marketing ecosystem that operates multiple e-commerce and lifestyle platforms across its key markets. Its business
model focuses on collecting user data through the expected circulation of its universal loyalty points. It seamlessly connects consumers
and merchants across multiple product and service categories fostering organic loyalty. From its launch in 2019, SoPa has amassed over
1.5 million registered users and over 3,500 registered merchants and brands. It has since invested 2+ years building proprietary IT architecture
with cutting edge components to effectively scale and support its Platform's consumers, merchants, and acquisitions.
For
more information, please check out: http://thesocietypass.com/
Forward-Looking
Statements
The
information contained herein may contain "forward-looking statements." Forward-looking statements reflect the current view
about future events. When used in this press release, the words "anticipate", "believe", "estimate,"
"expect", "future", "intend", "plan", or the negative of these terms and similar expressions,
as they relate to us or our management, identify forward-looking statements. Such statements include, but are not limited to, statements
contained in this press release relating to the view of management of the Company concerning its business strategy, future operating
results and liquidity and capital resources outlook. Forward-looking statements are based on the Company's current expectations
and assumptions regarding its business, the economy and other future conditions. Because forward-looking statements relate to the
future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. The Company's
actual results may differ materially from those contemplated by the forward-looking statements. They are neither statements of historical
fact nor guarantees of assurance of future performance. We caution you therefore against relying on any of these forward-looking statements.
Factors or events that could cause the Company's actual results to differ may emerge from time to time, and it is not possible
for the Company to predict all of them. The Company cannot guarantee future results, levels of activity, performance, or achievements.
Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of
the forward-looking statements to conform these statements to actual results.
Contacts:
SoPa:
Raynauld Liang, CFO
ray@thesocietypass.com
Investor
Relations:
Jeff
Ramson, CEO
PCG
Advisory
jramson@pcgadvisory.com
(646)
863-6341

text:
SOCIETY
PASS

text: SOPA

text: PUSHKART.PH

text: Society Pass Incorporated

text: SOPA

text: SoPa

text: Pushkart.ph

text: Pushkart.ph

text: SoPa

text: SoPa

text: SoPa

text: Pushkart.ph

text: Pushkart.ph

text: Society Pass

text: Pushkart.ph

text: SoPa

text: SoPa

text: Society Pass

text: SoPa

text: SoPa

text: Pushkart.ph

text: Michael Lim

text: Pushkart.ph

text:
Society
Pass

text: SoPa

text: SoPa

text: Pushkart.ph

text: SoPa

text: Pushkart.ph

text: Pushkart.ph

text: Society Pass

text: SoPa

text: SoPa

text: SoPa

text: SoPa

text: SoPa

text: SoPa

text: Raynauld Liang

text:
Jeff
Ramson


text:
EX-99.2
8
a06-3555_1ex99d2.htm
EXHIBIT 99
Exhibit 99.2
NEWS RELEASE
CONTACT:
Becky Nichols
1780 South Bellaire
Street
Listed:
AMEX
Investor Relations (Ext. 104)
Suite 100
Trading Symbol:
AMV
BeckyN@amvproperties.com
Denver, CO 80222
www.amvproperties.com
Fax: (303) 296-7353
AMERIVEST
PROPERTIES ANNOUNCES SALE OF KEYSTONE OFFICE PARK
AND COMPLETION OF PREVIOUSLY ANNOUNCED
STRATEGIC ASSET SALE PLAN
DENVER,
CO, January 24, 2006 -
AmeriVest
Properties Inc. (AMEX: AMV) announced today that it has completed the sale of
Keystone Office Park in Indianapolis, Indiana. Keystone Office Park, a 114,822
square-foot office property in the Carmel submarket, was sold for $9,371,165,
or approximately $82 per square foot, to a foreign institutional investor.
AmeriVest recorded an impairment loss in the fourth quarter of 2005 of $1.6
million on this property and does not expect to record any material gain or
loss on the sale for financial reporting purposes. The property was
approximately 79% leased at the time of sale. The transaction will produce
estimated net cash proceeds of approximately $4 million, after repayment of
approximately $4.8 million in first mortgage debt, including approximately
$200,000 in prepayment penalties, and approximately $550,000 in closing and
related costs, including rent, operating expense and real estate tax
pro-rations, security deposits and tenant improvement credits. The proceeds
will be used to repay indebtedness under AmeriVest's new secured credit
facility, paying approximately $300,000 to satisfy the remaining balance of
this facility, with the full $10 million available for future working capital
needs. The sale of Keystone will also result in approximately $3.5 million in
cash available to AmeriVest to be used for general corporate purposes.
"The
sale of Keystone Office Park completes the strategic asset sale plan, announced
September 1, 2005, as the most recent step in our review of strategic
alternatives", said Charles Knight, President and CEO of AmeriVest. "With the
sale of this asset, we have repaid more than $100 million in secured and
unsecured bank and mortgage debt, recorded almost $20 million in gains on sale
of these assets, and repositioned and stabilized the Company's balance sheet"
continued Knight.
After
the sale of Keystone, the AmeriVest portfolio consists of 12 high-quality
office properties in Dallas, Phoenix and Denver, comprising approximately 1.7
million square feet. The portfolio was 91.2% occupied at December 31,
2005.
Company
Information
AmeriVest Properties
Inc., with its principal office in Denver, Colorado, provides
Smart Space for Small Business®
in Dallas,
Phoenix and Denver through the acquisition, repositioning and operation of
multi-tenant office buildings in those markets. To receive AmeriVest's latest
news and information, visit our website at www.amvproperties.com.
In addition
to historical information, this press release contains forward-looking
statements and information under federal securities laws. These statements are
based on expectations, estimates and projections about the industry and markets
in which AmeriVest operates, management's beliefs and assumptions made by
management. While AmeriVest management believes the assumptions underlying its
forward-looking statements and information are reasonable, such information is
necessarily subject to uncertainties and may involve certain risks, many of
which are difficult to predict and are beyond management's control. As such,
these statements and information are not guarantees of future performance, and
actual operating results may differ materially from what is expressed or
forecasted in this press release. In particular, the factors that could cause
actual operating results to differ materially include, without limitation,
continued qualification as a real estate investment trust, the effects of
general and local economic and market conditions, competition, regulatory
changes, the ability to enter into new leases or renew leases on favorable
terms, dependence on tenants' financial condition, the uncertainties of real estate
development and acquisition activity, development and construction costs,
insurance risks, the costs and availability of financing, potential liability
relating to environmental matters and liquidity of real estate investments and
other risks and uncertainties detailed in AmeriVest's 2004 Annual Report on Form 10-K
and from time to time in the Company's filings with the Securities and Exchange
Commission.

text:
AMERIVEST
PROPERTIES

text:
AmeriVest
Properties Inc.

text: Charles Knight

text:
AmeriVest Properties
Inc.


text:
EX-99.1
4
ex99-1.htm
ex99-1.htm
Exhibit 99.1
BAZI INTERNATIONAL ANNOUNCES CLOSING OF MERGER WITH TRUE DRINKS
IRVINE, CA. - (PR NEWSWIRE) - October 17, 2012
- Bazi International, Inc (OTCBB: BAZI) ("Bazi") and True Drinks, Inc. ("True Drinks") (formerly GT Beverage Company, Inc.) closed their previously announced merger effective October 15, 2012.
The Company's primary focus will be the creation of shareholder value through the sales of its flagship brand AquaBall
TM
, a naturally-flavored, vitamin-enhanced water drink for children which is sold in the Company's proprietary bottles with licensed images from major entertainment companies. The Company is currently working on the continued development of AquaBall and on expanding its distribution throughout the United States.
In connection with the merger, the prior officers and board members of Bazi have resigned. The Company has appointed a new chairman, Timothy Lane, and three new directors, Louis Imbrogno, Carl Wistreich, and Lance Leonard, to the Company's board of directors. The Company has appointed Lance Leonard as Chief Executive Officer and President and Dan Kerker as Chief Financial Officer, Treasurer, and Secretary.
"We are pleased to have completed the merger and for True Drinks to become a publicly traded company", commented, Lance Leonard, Chief Executive Officer of True Drinks, Inc. "We believe the public listing will enhance our ability to create shareholder value by aggressively marketing and rapidly expanding the revenue base of AquaBall, our naturally-flavored, vitamin-enhanced low-calorie, low-sugar water drink for kids. We believe that our product offers parents a great tasting, healthier alternative for their kids than what currently exists in the marketplace, and that our licensing agreements with major entertainment companies makes our unique bottles very attractive to kids".
Pursuant to the terms and conditions of the Agreement and Plan of Merger between Bazi, True Drinks, and others (the "Merger Agreement"), on the closing date, each holder of shares of True Drinks common stock, par value $0.001 per share, has the right to receive shares of the Company's newly-created Series A Convertible Preferred Stock, par value $0.001 per share ("Preferred Stock"), which shares of Preferred Stock are convertible into, and represent on an as-converted basis, approximately 95.5% of the issued and outstanding shares of the Company's common stock, par value $0.001 per share ("Common Stock"), with the remaining 4.5% retained by holders of Common Stock existing immediately prior to the closing date.
In connection with the merger, the board of directors anticipates receiving approval from the requisite number of preferred shareholders (voting on an as-converted basis) to change the name of the Company to True Drinks Holding Company, Inc. and to increase the number of authorized common shares to 4,000,000,000 shares.
Given the number of shares of Common Stock that may issued upon conversion of the newly authorized preferred stock when the conditions to conversion have been satisfied, the board is currently considering whether, following such conversion, an up to 1-for-150 reverse stock split, effected without shareholder approval, may be beneficial to Bazi's common stockholders.
Following such approval, Bazi anticipates preparing an information statement for its stockholders containing the information with respect to the amendments specified in Schedule 14C promulgated under the Securities Exchange Act of 1934 and describing the proposed amendments. Bazi will be filing other documents with the Securities and Exchange Commission (the "SEC") as well. Investors are urged to carefully read the information statement regarding the proposed amendments and any other relevant documents in their entirety when they become available because they will contain important information about the proposed amendments. You may obtain copies of all documents filed with the SEC regarding these transactions, free of charge, at the SEC's website, http://www.sec.gov.
The securities offered to True Drinks' shareholders were not registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The securities were offered and issued only to accredited investors pursuant to Section 4(a)(2) of the Securities Act and/or Rule 506 of Regulation D promulgated thereunder.
-1-
About Bazi International, Inc.
Bazi International, Inc., through its operating subsidiary True Drinks, Inc., is a beverage company with licensing agreements with major entertainment and media companies for use of their characters on its proprietary, patented bottles. The Company's naturally-flavored, vitamin-enhanced water drinks that were created as a low-calorie, low-sugar alternative to juice and soda for kids are currently being sold into mass-market retailers throughout the United States. For more information, please visit
www.theaquaball.com
and
www.truedrinks.com
.
FORWARD-LOOKING STATEMENTS
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate", "believe", "estimate", "expect", "forecast", "intend", "may", "plan", "project", "predict", "if", "should" and "will" and similar expressions as they relate to Bazi International, Inc. are intended to identify such forward-looking statements. Bazi International, Inc. may from time to time update these publicly announced projections, but it is not obligated to do so. Any projections of future results of operations or the anticipated benefits of the merger and other aspects of the proposed merger should not be construed in any manner as a guarantee that such results or other events will in fact occur. These projections are subject to change and could differ materially from final reported results. For a discussion of such risks and uncertainties, see "Risk Factors" in Bazi's report on Form 10-K filed with the Securities and Exchange Commission and its other filings under the Securities Exchange Act of 1934, as amended. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made.
Contact:
Investor Relations
Bazi International, Inc.
18552 MacArthur Blvd., Ste. 325
Irvine, CA 92612
ir@drinkbazi.com
949-203-3500

text: BAZI INTERNATIONAL

text: TRUE DRINKS

text: Bazi International, Inc

text: True Drinks, Inc.

text: True Drinks

text: Lance Leonard

text: Lance Leonard

text: True Drinks

text: Lance Leonard

text: True Drinks, Inc.

text: True Drinks

text: True Drinks

text: True Drinks

text: True Drinks

text: Bazi International, Inc

text: Bazi International, Inc

text: True Drinks, Inc.

text: Bazi International, Inc

text: Bazi International, Inc

text: Bazi International, Inc


text:
EX-99.1
4
pressrelease.htm
pressrelease.htm
Exhibit 99.1
For Immediate Release
WATERJET HOLDINGS, INC. COMPLETES THE ACQUISTION OF FLOW
INTERNATIONAL CORPORATION
KENT, WA - January 31, 2014 - Waterjet Holdings, Inc., an entity affiliated with American Industrial Partners ("AIP"), completed the acquisition of Flow International Corporation ("Flow" or the "Company") on January 31, 2014. The investment in Flow (NASDAQ: FLOW) was made out of American Industrial Partners Capital Fund V, LP a $717.5 million fund that closed in December 2011. Under the terms of the merger agreement, Waterjet Holdings, Inc. acquired all of the outstanding shares of Flow common stock for $4.05 per share in cash. Terms of the acquisition were first announced on September 25, 2013.
The completion of this acquisition follows the approval of Flow shareholders at a special meeting held on December 20, 2013, as well as all necessary regulatory approvals and other customary closing conditions. Shares of Flow stock are expected to cease trading by the close of business today.
Headquartered in Kent, Washington, Flow is the world's leading developer and manufacturer of industrial waterjet systems for cutting and cleaning applications. Flow's ultrahigh-pressure water pumps generate pressures from 40,000 to over 94,000 pounds per square inch and power waterjet systems that are used to cut materials, remove coatings, and prepare surfaces for coating. Flow has pioneered many of the new product initiatives in the waterjet cutting industry including the introduction of abrasive waterjet cutting and cutting composite material with waterjet systems. Waterjet cutting and cleaning is a fast-growing alternative to traditional cutting methods (such as laser, plasma, or EDM) and the Company serves a variety of end markets including aerospace, automotive, food processing, electronics, and residential construction. The Company employs approximately 700 people and has manufacturing locations in Kent, Washington and Jeffersonville, Indiana with additional sales offices in Europe, Asia, and South America.
"AIP is very excited to partner with Flow's management team and help continue to grow the Company. Flow's market leading products, sizeable aftermarket sales, global presence, and favorable end market dynamics result in a unique opportunity to continue to grow the use of waterjet cutting to the benefit of an expanding universe of Flow customers", said Eric Baroyan of AIP.
"We look forward to continuing to advance the technology of waterjet cutting and expanding into high volume manufacturing applications for this exciting and rapidly evolving cutting method and are extremely pleased to be partnering with the American Industrial Partners team", said David Savage, CEO of Waterjet Holdings, Inc. "We intend to further invest in our business and build on our long-standing customer relationships and market leading products to further grow the share of waterjet cutting within the broader machine tool cutting industry".
About American Industrial Partners
American Industrial Partners is an operationally oriented middle-market private equity firm that makes control investments in North American-based industrial businesses serving domestic and global markets. AIP has deep roots in the industrial economy and has been active in private equity investing since 1989. To date, AIP has completed over 40 transactions and is currently managing more than $1.1 billion in equity capital. AIP invests in all forms of corporate divestitures, management buyouts, recapitalizations, and going-private transactions of established businesses with revenues of $100 million to $750 million. For more information about American Industrial Partners, contact Ben DeRosa, Partner at 212-627-2360, extension 200.
This press release contains forward-looking statements relating to future events or future financial performance that involve risks and uncertainties. The words "believe", "expect", "intend", "anticipate,"
variations of such words, and similar expressions identify forward-looking statements but their absence does not mean that the statement is not forward-looking. These statements are only predictions and actual results could differ materially from those anticipated in these statements based on a number of risk factors, including those set forth in the Company's filings with the U.S. Securities and Exchange Commission. Forward-looking statements in this press release include, without limitation, statements regarding the end of trading in Flow shares and growth in Flow's markets and business. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this announcement.
Contacts:
Flow
Geoffrey Buscher
253-813-3286
investors@flowcorp.com
AIP
Ben DeRosa
212-627-2360 extension 200

text: WATERJET HOLDINGS, INC.

text:
FLOW
INTERNATIONAL CORPORATION

text: Waterjet Holdings, Inc.

text: American Industrial Partners

text: Flow International Corporation

text: Flow

text: Flow

text: FLOW

text: American Industrial Partners

text: Waterjet Holdings, Inc.

text: Flow

text: Flow

text: Flow

text: Flow

text: Flow

text: Flow

text: Flow

text: Flow

text: Flow

text: American Industrial Partners

text: David Savage

text: Waterjet Holdings, Inc.

text: American Industrial Partners

text: American Industrial Partners

text: American Industrial Partners

text: Flow

text: Flow

text: Flow


text:
EX-99.1
3
a05-7256_1ex99d1.htm
EX-99.1
Exhibit
99.1
Contacts:
Trammell Crow
Company
Savills plc
Barbara
Bower
Aubrey
Adams
Derek
McClain
(020
7409 9923)
(214)
863-3000
Citigate Dewe Rogerson
Simon Rigby
Sarah Gestetner
(0207 638 9571)
FOR
IMMEDIATE RELEASE
TRAMMELL
CROW COMPANY INCREASES STAKE IN
SAVILLS
PLC
DALLAS,
Texas, and LONDON, England, April 25, 2005 -
Strategic
alliance partners Trammell Crow Company
(NYSE:TCC)
and
Savills plc
(LSE:SVS)
, each one of the world's
leading commercial real estate services firms,
jointly
announced today that Trammell Crow Company has exercised its option to acquire
additional shares of Savills, thereby increasing its ownership stake to
approximately 19.6% of Savills' Ordinary Shares outstanding.
In June 2000, at the time
the companies established their strategic alliance, Trammell Crow Company
purchased approximately 10% of Savills' outstanding Ordinary Shares from
Savills' largest shareholder. At that
same time, Savills granted to Trammell Crow Company an option, exercisable from
time to time during a two-year window ending in May 2005, enabling Trammell
Crow Company to purchase a number of newly issued shares that would increase
the holder's stake to approximately 20% of the shares outstanding following the
exercise of the option. The precise
number of shares purchasable under the option has been
reduced slightly over the years in accordance with its terms, such that
the exercise in full of the option will now bring Trammell Crow Company's
ownership to 19.6%. The exercise of the
option will result in the issuance of 5,243,229 shares by Savills at a price of
701.28 pence per share, representing a 20% premium to the average mid-market
closing price of the shares in trading on the London Stock Exchange for the
five trading days preceding exercise of the option. Total proceeds receivable by Savills upon
Trammell Crow Company's exercise of the option will be approximately GBP 36.8
million (approximately $70.4 million).
Trammell Crow Company
also acquired 1,677,970 of Savills' Ordinary Shares in open market purchases on
April 25, 2005, preceding its exercise of the option. The open market purchases had the effect of
reducing the number of shares purchasable under the option, as the option caps purchases
thereunder, together with Trammell Crow Company's ownership on the date of
exercise, at a percentage of the total number of shares that will be
outstanding following the option's exercise.
The total cost to Trammell Crow Company of both its recent market
purchases and the shares to be issued upon exercise of the option is expected
to be approximately $91.3 million. The
purchases will be funded with borrowings under Trammell Crow Company's line of
credit.
Commenting
on the purchases, Robert E. Sulentic, Trammell Crow Company's Chairman and
Chief Executive Officer, noted, "
Our decision to increase our
shareholding in Savills is an endorsement of Savills' strategy and
prospects. We have developed a strong
relationship with Savills and its management team over the past five years and
look forward to continuing our strategic alliance with Savills as its largest
shareholder. Our existing investment in
Savills has performed well for us, as Savills has posted outstanding results
over the last five years. Our initial
stake has increased in value several-fold.
While increasing our stake through the mechanism of the option required
us to pay a premium to market, there was no clear path to increasing our
ownership to this extent in the near term through market purchases. With the option set to expire in May, we did
not want to pass on the opportunity it presents to significantly increase our
ownership".
With regard to the impact
of the purchase on Trammell Crow Company's earnings, Mr. Sulentic stated, "We
expect the purchase to be accretive to Trammell Crow Company's earnings per
share going forward. Based on analysts'
consensus estimates for Savills' 2005
2
earnings, we would expect the additional stake to increase Trammell
Crow Company's diluted earnings per share (net of expected borrowing costs) in
the range of 8% to 10% on an annualized basis.
The actual net increase to our earnings will be determined by Savills'
actual results and other factors, including currency exchange rates, our actual
borrowing costs and amortization of the portion of the purchase price
attributable to finite-lived intangibles".
Aubrey Adams, Chief
Executive of Savills, said: "
We have worked closely with TCC over the past five years. Since May 9, 2003, TCC have had an option to
increase their stake to an agreed 20% which they are now exercising. The move by TCC demonstrates their confidence
in the strength of our business and the opportunities for us in the global
property market".
Founded in 1948, Trammell Crow Company is one of the
largest diversified commercial real estate services companies in the world.
Through its Global Services Group, the company provides building management,
brokerage and project management services to both investors in and users of commercial
real estate. Development and investment services are provided through the
company's Development and Investment Group.
In addition to its full service offices located throughout the United
States, the company has offices in Canada, Europe, Asia and Latin/South America
focused on the delivery of real estate services to corporate customers. The
company delivers brokerage services outside the United States through strategic
alliances with leading providers - in Europe and Asia, through Savills, plc, a leading
property services company based in the United Kingdom; and in Canada, through
JJ Barnicke, a leading Canadian real estate services provider. Trammell Crow
Company is traded on the New York Stock Exchange under the ticker symbol "TCC"
and is located on the World Wide Web at www.trammellcrow.com
.
Savills
plc is a leading international property services company with a full listing on
the London Stock Exchange. The company has undergone dynamic growth in recent
years establishing itself as a powerful player on the international stage with
offices and associates throughout the UK, Continental Europe, Asia Pacific and
Africa. In addition, Savills' strategic alliance with Trammell Crow Company, in
North America, means that clients have access to a network of offices in the US
and Canada. Savills is the trading name
for the property service subsidiaries of Savills plc which advise on
commercial, rural, residential and leisure
3
properties.
Other services include corporate finance advice, fund management and a
range of property related financial services.
Certain statements contained
in this press release, including without limitation statements containing the
words "will", "would", "expect" and words of similar import, are
forward-looking statements within the meaning of the United States federal
securities laws. Such forward-looking statements involve known and unknown
risks, uncertainties and other matters which may cause the actual results,
performance or achievements of the company or Savills to be materially
different from any future results, performance or achievements expressed or
implied by such forward-looking statements. Given these uncertainties, readers
are cautioned not to place undue reliance on such forward-looking statements.
The company disclaims any obligation to update any such statements or publicly
announce any updates or revisions to any of the forward-looking statements
contained herein to reflect any change in the company's expectation with regard
thereto or any change in events, conditions, circumstances or assumptions
underlying such statements. Use in this
press release of analysts' consensus 2005 earnings estimates for Savills should
not be considered an endorsement or confirmation of such estimates by the
company.
4

text:
Trammell Crow
Company

text: Savills plc

text:
TRAMMELL
CROW COMPANY

text:
SAVILLS
PLC

text: Trammell Crow Company

text: Savills plc

text: Trammell Crow Company

text: Savills

text: Savills

text: Trammell Crow Company

text: Savills

text: Savills

text: Savills

text: Trammell Crow Company

text:
Trammell
Crow Company

text: Trammell Crow Company

text: Savills

text: Savills

text: Trammell Crow Company

text: Trammell Crow Company

text: Savills

text: Trammell Crow Company

text: Trammell Crow Company

text: Trammell Crow Company

text: Trammell Crow Company

text: Savills

text: Savills

text: Savills

text: Savills

text: Savills

text: Savills

text: Trammell Crow Company

text: Trammell Crow Company

text: Savills

text:
Trammell
Crow Company

text: Savills

text: Savills

text: Trammell Crow Company

text: Savills

text:
Trammell Crow
Company

text:
Savills
plc

text: Savills

text: Trammell Crow Company

text: Savills

text: Savills plc

text: Savills

text: Savills


text:
EX-99.1
3
ex99-1.htm
News
Release
Investor
Contacts:
Tirth
Patel
Edison
Advisors
T:
646-653-7035
tpatel@edisongroup.com
MagneGas
Completes Acquisition of One of the Largest Independent Distributors in East Texas
New
Acquisition Adds $3.7 Million in Annualized Sales
TAMPA,
FL - January 18, 2019 -
MagneGas Applied Technology Solutions, Inc. ("MagneGas" or the "Company")
(NASDAQ: MNGA)
, a leading clean technology company in the renewable resources and environmental solutions industries, announced
today the completion of an acquisition of one of the largest remaining independent industrial gas and welding supply distributors
in East Texas. This transaction, priced at $2.5 million, paid in cash at closing, expands the Company's geographic footprint
in the East Texas market, which is home to a large number of industrial and shipping companies, as well as strong exposure to
the oil and gas production and refining markets.
"With
this acquisition, we are reaching significant economies of scale and market dominance in East Texas", commented Scott Mahoney,
Chief Executive Officer of MagneGas. "Together with our prior four acquisitions in the region in 2018, we now operate one
of the largest independent industrial gas distributors in the region, and have access to thousands of consistent consumers of
industrial gas products".
"With
our newfound scale, we anticipate significant improvement in our operating margins in the coming quarters as we optimize our operations
in the region. This was one of our central objectives heading into 2019, and we are proud of our team's ability to close
such an impactful transaction so early in the year", concluded Mr. Mahoney.
About
MagneGas Applied Technology Solutions, Inc.
MagneGas
Applied Technology Solutions, Inc. (MNGA) owns a patented process that converts various renewables and liquid wastes into MagneGas
fuels. These fuels can be used as an alternative to natural gas or for metal cutting. The Company's testing has shown that
its metal cutting fuel "MagneGas2®" is faster, cleaner and more productive than other alternatives on the market.
It is also cost effective and safe to use with little changeover costs. The Company currently sells MagneGas2® into the metal
working market as a replacement to acetylene.
The
Company also sells equipment for the sterilization of bio-contaminated liquid waste for various industrial and agricultural markets.
In addition, the Company is developing a variety of ancillary uses for MagneGas fuels utilizing its high flame temperature for
co-combustion of hydrocarbon fuels and other advanced applications. For more information on MagneGas, please visit the Company's
website at
http://www.MagneGas.com
.
The
Company distributes MagneGas2® through Independent Distributors in the U.S and through its wholly owned distributors, ESSI,
Green Arc Supply, Paris Oxygen, Latex Welding Supplies, Tyler Welders Supply, United Welding Supplies, Trico Welding Supply and
Complete Welding of San Diego. The Company operates 17 locations across California, Texas, Louisiana, and Florida.
FORWARD-LOOKING
STATEMENTS
This
press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events, including our ability
to raise capital, or to our future financial performance, and involve known and unknown risks, uncertainties and other factors
that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future
results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should
not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors
which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity,
performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject
to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and
liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update
the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information
becomes available in the future.
For
a discussion of these risks and uncertainties, please see our filings with the Securities and Exchange Commission. Our public
filings with the SEC are available from commercial document retrieval services and at the website maintained by the SEC at http://www.sec.gov.

text: MagneGas

text: MagneGas

text: Scott Mahoney

text: MagneGas

text: MagneGas

text: MagneGas

text: MagneGas


text:
EX-99.1
4
v384622_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
Reven Housing REIT Acquires Portfolios
in Memphis, Tennessee
La Jolla, California, July 28, 2014 - Reven Housing REIT,
Inc. ("Reven" or the "Company") (OTCBB: RVEN) today announced that it has acquired two portfolios totaling
61 single-family homes in Memphis, Tennessee, with one home just across the border in Mississippi. The aggregate purchase price
for the two portfolios was $4,762,800, exclusive of closing costs. The Company funded 100% of the purchase with cash. The acquired
properties average 1,784 square feet and are mostly three-bedroom, two bath homes. Of the acquired properties, 43 are currently
subject to one-year leases, four are subject to multi-year leases and the remaining 14 properties are subject to month-to-month
leases.
Chad M. Carpenter, Chairman and Chief Executive Officer of Reven,
commented, "We are very pleased with our acquisition of the portfolios in Memphis as we continue to execute our business
plan. Reven currently owns 284 homes in four metropolitan markets that we have evaluated and identified as market opportunities
- first in Atlanta, Georgia, and Houston, Texas, and just a couple of weeks ago, in Jacksonville, Florida, and now in Memphis,
Tennessee".
Additional information regarding the acquisition of the Memphis
portfolios can be found in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on
July 28, 2014.
About Reven Housing REIT, Inc.
Reven Housing REIT is engaged in the acquisition, ownership
and operation of portfolios of leased single-family homes in the United States. Reven operates its portfolio properties as single-family
rentals, or SFRs, and it generates most of its revenue from rental income of the existing tenants of the SFRs that Reven has acquired.
Reven's business plan involves acquiring portfolios of rented houses from investors who have bought them low, fixed and rented
them; and generating current income from profits from rentals and appreciation of houses. Reven intends to take all necessary steps
to qualify as a real estate investment trust ("REIT") under the Internal Revenue Code, as amended. However, no assurance
can be given that it will qualify or remain qualified as a REIT.
Forward Looking Statement
This press release contains forward-looking statements that
relate to expectations, beliefs, projections, future plans and strategies, anticipated events and similar expressions. Forward-looking
statements may be identified by use of words such as "may", "will", "should", "expects,"
"intends", "plans", "anticipates", "believes", "estimates", or "potential"
or similar words or phrases which are predictions of or indicate future events or trends. Statements such as those concerning potential
acquisition activity, investment objectives, strategies, opportunities, other plans and objectives for future operations or economic
performance are based on the Company's current expectations, plans, estimates, assumptions and beliefs that involve numerous
risks and uncertainties. Any of these statements could prove to be inaccurate and actual events or investments and results of operations
could differ materially from those expressed or implied, including the ability of the Company to qualify and operate as a REIT.
To the extent that the Company's assumptions differ from actual results, the Company's ability to meet such forward-looking
statements, including its ability to invest in a diversified portfolio of quality real estate investments and to qualify and operate
as a REIT, may be significantly and negatively impacted. You are cautioned not to place undue reliance on any forward-looking statements
and the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying
assumptions or factors, new information, future events or other changes. Please refer to Company's Annual Report on Form
10-K filed with the Securities and Exchange Commission on for the year ended December 31, 2013 filed with the SEC on March 25,
2014, and subsequently filed SEC reports, for further information.
For More Information, Contact:
Cole Carpenter
Reven Housing REIT, Inc.
7911 Hershel Ave., #201
La Jolla, California 92037
(858) 459-4000

text: Reven Housing REIT

text:
Reven Housing REIT,
Inc.

text: Chad M. Carpenter

text: Reven Housing REIT, Inc.

text: Reven Housing REIT

text: Reven Housing REIT, Inc.


text:
EX-99.1
2
a5369065ex991.htm
EXHIBIT 99.1
Exhibit 99.1
Exhibit
99.1
April
2,
2007
Universal
Hospital Services Completes Acquisition of Intellamed Service
Division
EDINA,
Minn.
-
(BUSINESS WIRE)-Universal
Hospital Services, Inc. ("UHS") today announced it completed its previously
announced acquisition of the assets of the ICMS division of Intellamed, Inc.
and
the assumption by UHS of certain liabilities in connection therewith on April
1,
2007. UHS paid a purchase price of $14.4 million in cash plus direct expenses,
having taken into account certain adjustments and a holdback. UHS paid two
equal
advances totaling $1 million in cash of the purchase price to Intellamed on
each
of February 23, 2007 and February 28, 2007, which were repaid in full to UHS
at
closing. In addition, subject to certain conditions, UHS is to pay earnout
consideration to Intellamed during the first and second 12 full consecutive
month periods following the April 1, 2007 closing date.
Universal
Hospital Services, Inc
.
("UHS")
is a
leading, nationwide provider of medical equipment outsourcing and services
to
the health care industry. Its customers include national, regional, and local
acute care hospitals, alternate site providers (such as nursing homes and home
care providers) and medical equipment manufacturers. As a leading medical
equipment
lifecycle
services company, UHS designs and offers comprehensive solutions for its
customers that reduce costs, increase equipment and staff productivity and
support optimal patient care..
Contact:
Universal
Hospital Services, Inc.
Rex
Clevenger, 952-893-3254
Senior
Vice President and Chief Financial Officer

text: Hospital Services

text:
Intellamed Service
Division

text: Hospital Services, Inc.

text: ICMS division of Intellamed, Inc.

text: Hospital Services

text: Hospital Services, Inc.


text:
EX-99.1
2
exhibit1.htm
EX-99.1
EX-99.1
Exhibit 99.1
Investor Relations:
Gina DeBoutez or Erica Abrams
The Blueshirt Group for Oplink
415. 217.7722
gina@blueshirtgroup.com
erica@blueshirtgroup.com
Oplink Acquires Remaining Minority Interest in Optical Communication Products, Inc.
Fremont, Calif.,
- October 31, 2007 - Oplink Communications, Inc. (Nasdaq: OPLK), a leading
photonic components, intelligent modules, and subsystems solution provider, today announced that it
has completed the acquisition of the remaining 42% of outstanding common stock of Optical
Communication Products, Inc. ("OCP") that it did not already own, by means of a merger between OCP
and a wholly-owned subsidiary of Oplink. The merger was approved earlier today by OCP shareholders
holding more than two-thirds of the OCP common stock not held by Oplink. The merger became
effective immediately after the close of trading today. As a result of the merger, OCP became a
wholly-owned subsidiary of Oplink. Pursuant to the merger, Oplink will pay $1.65 per share, or
approximately $80 million in the aggregate, to former holders of the 42% of OCP common stock not
held by Oplink.
"We are pleased that the shareholders approved the acquisition and we can move forward", commented
Joe Liu, president and CEO of Oplink. "We look forward to integrating OCP with Oplink and being
able to provide our combined customer base a broader product portfolio of offerings", concluded
Liu.
About Oplink
Incorporated in 1995, Oplink is a leading provider of design, integration and optical manufacturing
solutions (OMS) for optical networking components and subsystems. The Company offers advanced and
cost-effective optical-electrical components and subsystem manufacturing through its facilities in
Zhuhai and Shanghai, China. In addition, Oplink maintains a full complement of optical-centric
front-end design, application, and customer service functions at its headquarters in Fremont,
California and has a research facility in Wuhan, China. The Company's customers include
telecommunications, data communications and cable TV equipment manufacturers located around the
globe. Oplink is committed to providing fully customized, photonic foundry services incorporating
its subsystems manufacturing capabilities. Oplink also owns 100% of Optical Communication Products,
Inc., a company located in Woodland Hills, California that designs and manufactures fiber-optic
communication components and subsystems. To learn more about Oplink, visit its web site at
www.oplink.com.

text: Oplink

text: Oplink

text: Optical Communication Products, Inc.

text: Oplink Communications, Inc.

text:
Optical
Communication Products, Inc.

text: Oplink

text: Oplink

text: Oplink

text: Oplink

text: Oplink

text: Joe Liu

text: Oplink

text: Oplink

text: Oplink

text: Oplink

text: Oplink

text: Oplink

text: Oplink

text:
Optical Communication Products,
Inc.

text: Oplink


text:
EX-99.2
3
exhibit992.htm
EXHIBIT 99.2 - PRESS RELEASE DATED 8-15-07
MyTel Closes Acquisition of Midwest Marketing Group
Cordia Announces Closing of Acquisition of Midwest Marketing Group And Northstar Telecom
Winter Garden, Florida - August 15, 2007 - Cordia Corporation, (OTCBB:CORG), a global communications service provider of traditional CLEC and Voice over Internet Protocol ("VoIP") technologies announced that one of its subsidiaries, My Tel Co, Inc. ("My Tel") has completed the previously announced acquisition of Midwest Marketing Group, Inc. ("Midwest") and its wholly-owned subsidiary North Star Telecom, Inc. ("NST") The acquisition brings Cordia's aggregate line count to approximately 80,000 lines and increases its annual revenue run rate to approximately $50 million.
"The acquisition of Midwest brings together two companies which have worked together for many years. As our leading outsourced sales provider and an experienced CLEC operator throughout the mid-west, Midwest was a perfect fit. The acquisition adds a substantial number of customers within our existing territories and will significantly lower our acquisition costs", said Joel Dupré, Cordia's Chairman and CEO. We expect that the cost savings and revenue synergies generated by this acquisition will provide an immediate positive accretion to the top and bottom line of the company", commented Mr. Dupré.
"We have worked with Cordia for many years contributing to their success and now look forward to focusing on the sales and marketing of both companies", said Matt O'Flaherty, Cordia's new VP of Call Center Operations. "Our strength has always been on the sales side of the business, so coupled with Cordia's back office expertise we felt this was a perfect combination for our long term success", commented Mr. O'Flaherty.
"The newly acquired Midwest call center along with our Philippines call center gives us more than 400 seats and internal control over more than 80% of all our sales activity", commented Kevin Griffo, President of Cordia. "This will allow us to lower our cost of sales by approximately 50% as well as reduce the cost of other services such as customer service and collections", said Mr. Griffo.
About Cordia Corporation
Cordia Corporation, through its operating subsidiaries, Cordia Communications Corp., CordiaIP Corp., My Tel Co, Inc. and Cordia International Corp. offers business, residential, and wholesale customers local and long distance telecommunications services in more than sixty (60) countries utilizing traditional wireline and Voice over Internet Protocol ("VoIP") technologies. In addition, Cordia develops and provides a suite of proprietary web-based billing software and outsourced services to local, long distance and VoIP telecommunications providers.
Safe Harbor
This release contains forward-looking statements that involve risks and uncertainties. Cordia's actual results may differ materially from the results discussed in the forward-looking statements. Factors that might cause such a difference include, among others, availability of management; availability, terms, and deployment of capital; Cordia's ability to successfully market its services to current and new customers, generate customer demand for its product and services in the geographical areas in which Cordia can operate, access new markets, all in a timely manner, at reasonable cost and on satisfactory terms and conditions, as well as regulatory, legislative and judicial developments that could cause actual results to vary in such forward-looking statements.
Contact:
Cordia Corp
Kevin Griffo, 866-777-7777
kgriffo@cordiacorp.com

text: MyTel

text: Midwest Marketing Group

text: Cordia

text: Midwest Marketing Group

text: Cordia

text: My Tel Co, Inc.

text: Midwest Marketing Group, Inc.

text: Midwest

text: Cordia

text: Midwest

text: Midwest

text: Cordia

text: Cordia

text: Cordia

text: Cordia

text: Midwest

text: Kevin Griffo

text: Cordia

text: Cordia

text: Cordia

text: Cordia

text: My Tel Co, Inc.

text: Cordia

text: Cordia

text: Cordia

text: Cordia

text: Cordia

text: Cordia

text: Kevin Griffo


text:
EX-99.1
3
mdrx-ex991_6.htm
EX-99.1
mdrx-ex991_6.htm
Exhibit 99.1
Allscripts closes previously announced sale of EPSi
CHICAGO - October 15, 2020
- Allscripts (NASDAQ: MDRX) closed the previously announced sale of EPSi to Strata Decision Technology on October 15 for $365 million. EPSi is a leading provider of financial decision support and planning tools for hospitals and health systems.
About Allscripts
Allscripts (NASDAQ: MDRX) is a leader in healthcare information technology solutions that advance clinical, financial and operational results. Our innovative solutions connect people, places and data across an Open, Connected Community of Health™. Connectivity empowers caregivers and consumers to make better decisions, delivering better care for healthier populations. To learn more, visit www.allscripts.com
,
Twitter
,
YouTube
and
The Allscripts Blog.
###
© 2020 Allscripts Healthcare, LLC and/or its affiliates. All Rights Reserved.
Allscripts, the Allscripts logo, and other Allscripts marks are trademarks of Allscripts Healthcare, LLC and/or its affiliates. All other products are trademarks of their respective holders, all rights reserved. Reference to these products is not intended to imply affiliation with or sponsorship of Allscripts Healthcare, LLC and/or its affiliates.
For more information contact:
Investors
:
Stephen Shulstein
312-386-6735
Stephen.Shulstein@allscripts.com
Media:
Concetta Rasiarmos
312-447-2466
concetta.rasiarmos@allscripts.com

text: Allscripts

text: EPSi

text: Allscripts

text: EPSi

text: Strata Decision Technology

text: EPSi

text: Allscripts

text: Allscripts

text: Allscripts

text: Allscripts

text: Allscripts

text: Allscripts

text: Allscripts

text: Allscripts

text: Allscripts


text:
EX-99.1
3
v128239_ex99-1.htm
Unassociated Document
Exhibit
99.1
China
TransInfo Technology Corp. Signs Agreement to Acquire Shanghai Yootu Information
Technology Co., Ltd.
BEIJING,
Oct.
1
-- China
TransInfo Technology Corp., (Nasdaq: CTFO), ("China TransInfo" or the
"Company"), a leading provider of public transportation information systems
technology and comprehensive solutions in the People's Republic of China (the
"PRC"), today announced that its PRC subsidiary, Beijing PKU Chinafront High
Technology Co., Ltd. has entered into an equity transfer agreement ("the
Agreement") to acquire 100% ownership of Shanghai Yootu Information Technology
Co., Ltd. ("Shanghai Yootu").
Under
the
terms of the Agreement, the Company will make the payments in three installments
to the existing shareholders of Shanghai Yootu. The Company will make the
initial cash payment of RMB 8.8 million (approximately $1.3 million) to the
existing shareholders of Shanghai Yootu within five (5) business days after
the
date of execution of the Agreement. The second payment will be made by the
later
of (1) January 1, 2010 and (2) the completion of the audit of financial
statements of Shanghai Yootu as of and for the fiscal year ended December 31,
2009 and will be equal to twice Shanghai Yootu's 2009 full year net income. The
second payment consists of 50% cash and 50% shares of the Company's common
stock. The number of shares issuable in satisfaction of the equity portion
of
the second payment will be calculated based on the 30-day average closing price
of the Company's common stock before December 31, 2009 The final payment will be
made by the later of (1) January 1, 2011 and (2) the completion of the audit
of
financial statements of Shanghai Yootu as of and for the fiscal year ended
December 31, 2010 and will be a payment in 50% cash and 50% of the Company's
common stock, which in aggregate will be equal to three times Shanghai Yootu's
2010 full year net income. The number of shares issuable in satisfaction of
the
equity portion of the final payment will be calculated based on the 30-day
average closing price of the Company's common stock before December 31,
2010.
Shanghai
Yootu is one of the largest real time traffic data providers in China. It
specializes in the research and development of transportation information
collection systems, transportation information application systems,
transportation dynamic data processing, and transportation information location
service systems. Shanghai Yootu possesses a variety of the most advanced
technologies in China's intelligent transportation field, including
transportation information transmission technology, geographic matching
technology, modeling calculation methods, simulation forecasting, and terminal
broadcasting technology. In particular, Shanghai Yootu is widely recognized
for
its advanced real time transportation dynamic data processing technology, which
is applicable in the forecasting of real time traffic information.
This
acquisition marks China TransInfo's third acquisition in 2008. Earlier this
year, the Company acquired 85% ownership of Dalian Dajian Zhitong Information
Service Co., Ltd. in Dalian, Liaoning province, and 70% ownership of China
TranWiseway Information Technology Co., Ltd., located in Beijing.
"We
are
very pleased to incorporate Shanghai Yootu's products and technology into China
TransInfo's growth strategy", commented Mr. Shudong Xia, chief executive officer
of China TransInfo. "This acquisition has brought us a great opportunity to
upgrade China TransInfo's technical capabilities. We are confident that this
will enhance our relationships with digital map providers, and lead to
significant R&D results in the future. Shanghai Yootu has already
successfully implemented its real time traffic data services in a number of
major cities in China including Shanghai, Beijing, Chengdu, Shenzhen, and
Nanjing, establishing its own brand equity with over 200,000 mobile customers.
We intend to leverage Shanghai Yootu's existing resources to further expand
the
market for our leading transportation information products, particularly in
southern China".
About
China TransInfo
China
TransInfo, through its subsidiary Beijing PKU ChinaFront High Technology Co.,
Ltd. ('PKU'), is primarily focused on providing transportation information
services. The Company aims to become the largest transportation information
product and comprehensive solutions provider, as well as the largest integrated
transportation information platform and commuter traffic media platform builder
and operator in China. China TransInfo is involved in developing multiple
applications in transportation, digital city land and resource filling system
based on Geographic Information System technologies which is used to service
the
public sector. In addition, the Company is also developing its transportation
system to include Electronic Toll Collection technology. The Company is the
co-formulator to several transportation technology national standards and has
software copyrights to 23 software products. China TransInfo has won 3 of 4
model cases sponsored by the PRC Ministry of Communications. The Company's
affiliation with Peking University, which currently owns 5% of PKU, provides
access to the University's GeoGIS Research Laboratory, including over 30 Ph.D.
researchers. As a result, the Company is currently playing a key role in setting
the standards for electrified transportation information solutions. For more
information please visit the Company's website at www.chinatransinfo.com.
Safe
Harbor Statement
This
press release contains certain statements that may include 'forward looking
statements'. All statements other than statements of historical fact included
herein are "forward-looking statements". These forward looking statements are
often identified by the use of forward-looking terminology such as 'believes,'
"expects" or similar expressions, involve known and unknown risks and
uncertainties. Although the Company believes that the expectations reflected
in
these forward-looking statements are reasonable, they do involve assumptions,
risks and uncertainties, and these expectations may prove to be incorrect.
You
should not place undue reliance on these forward-looking statements, which
speak
only as of the date of this press release. The Company's actual results could
differ materially from those anticipated in these forward-looking statements
as
a result of a variety of factors, including those discussed in the Company's
periodic reports that are filed with the Securities and Exchange Commission
and
available on its website (
http://www.sec.gov
).
All forward-looking statements attributable to the Company or persons acting
on
its behalf are expressly qualified in their entirety by these factors. Other
than as required under the securities laws, the Company does not assume a duty
to update these forward-looking statements.
Contact:
China
TransInfo Technology Corp.
Ms.
Cathy
Zhuang, IR Supervisor
Phone:
+86-10-82671299 ext 8032 (Beijing)
Email:
cathyzhuang@ctfo.com
CCG
Investor Relations Inc.
Mr.
Crocker Coulson, President
Phone:
+1-646-213-1915 (New York)
Email:
crocker.coulson@ccgir.com
Graham
Reed, Financial Writer
Email:
graham.reed@ccgir.com
URL:
www.ccgirasia.com

text: TransInfo Technology Corp.

text: TransInfo Technology Corp.

text: TransInfo

text: Shanghai Yootu Information Technology

text: Shanghai Yootu

text: Shanghai Yootu

text: Shanghai Yootu

text: Shanghai Yootu

text: Shanghai Yootu

text: Shanghai Yootu

text: Shanghai Yootu

text:
Shanghai
Yootu

text: Shanghai Yootu

text: Shanghai Yootu

text: TransInfo

text: Shanghai Yootu

text: TransInfo

text: Shudong Xia

text: TransInfo

text: TransInfo

text: Shanghai Yootu

text: Shanghai Yootu

text: TransInfo

text: TransInfo

text: TransInfo

text: TransInfo

text: TransInfo Technology Corp.

text:
Cathy
Zhuang

text: Crocker Coulson

text:
Graham
Reed


text:
EX-99.2
5
ex99-2.htm
EXHIBIT 99.2
ex99-2.htm
Exhibit 99.2
News Release
December 28, 2012
MISSION WEST PROPERTIES TRANSFERS REMAINING ASSETS AND LIABILITIES
TO MISSION WEST LIQUIDATING TRUST
CUPERTINO, CALIFORNIA --Mission West Properties, Inc. (NASDAQ: MSW) today announced that it
transferred its remaining assets to, and its remaining liabilities were assumed by, the Mission West Liquidating Trust (the "Liquidating Trust") in accordance with the Company's Plan of Liquidation (the "Plan of Liquidation") and an Agreement and Declaration of Trust (the "Trust Agreement") effective December 28, 2012. Carl E. Berg will serve as the trustee (the "Trustee") of the Liquidating Trust. The Company's stock transfer books will be closed as of the close of business on December 28, 2012 (the "Record Date").
The Company also announced that it will file a Form 15 with the Securities and Exchange Commission to terminate the registration of the Company's common stock under the Securities Exchange Act of 1934 (the "Act") and to delist the Company's common stock from trading on the Nasdaq Global Market.
As of the Record Date, all common stockholders, holders of vested options and certain former limited partners of the Company's operating partnerships (each, a "beneficiary") will automatically become the holder of one unit of beneficial interest in the Liquidating Trust for each share of the Company's common stock or an interest representing a share of common stock on a 1:1 basis. In accordance with the Plan of Liquidation, all outstanding shares of the Company's common stock are deemed cancelled when the assets and liabilities of the Company are transferred to the Liquidating Trust. Stockholders are not required to take any action to receive beneficial interests. The rights of beneficiaries in units are not represented by any form of certificate or other instrument. Subject to certain exceptions related to transfer by will, intestate succession or operation of law, beneficial interests in the Liquidating Trust are not transferable, nor does a beneficiary have authority or power to sell or in any other manner dispose of any such beneficial interests.
The Liquidating Trust was organized for the purpose of winding up the Company's affairs and distributing its assets. The transfer of the Company's assets and liabilities to the Liquidating Trust is intended to preserve the Company's ability to have deducted amounts distributed pursuant to the Plan of Liquidation and thereby not be subject to federal income tax on such amounts. The Company anticipates the initial distribution from the Liquidating Trust will be $9.18 per unit and completed on or before January 15, 2013. Subsequent distributions from the Liquidating Trust will be based on cash available after satisfying outstanding debts, applicable taxes and related transaction costs. No assurances can be given as to the amount or timing of any distributions by the Liquidating Trust.
All of the distributions from the Liquidating Trust will be deemed a 2012 event for income tax purposes and each stockholder on the Record Date, will receive information from the Liquidating Trust reporting the amount of the distribution in 2013.
For additional information, please contact the Trustee, Carl E. Berg, at 408-725-0700.
Forward-Looking Statements
This news release contains forward-looking statements that are subject to risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of these statements could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including the expected timing of the completion of the liquidation or distributions; the estimated per unit distribution from the liquidation; attributes of the Liquidating Trust; tax treatment with respect to distributions; and any statements or assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the possibility that expected benefits of the liquidation may not materialize as expected and other risks detailed from time to time in the reports the Company files with the Securities and Exchange Commission, including the Company's Form 10-K for the year ended December 31, 2011, as amended, and Form 10-Q for the quarter ended September 30, 2012, copies of which are available on the SEC's website at www.sec.gov. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof. Mission West and the Liquidating Trust each disclaims any obligation to update, or continue to provide information with respect to, any forward-looking statement, whether as a result of new information, future events or otherwise.

text: MISSION WEST PROPERTIES

text: MISSION WEST LIQUIDATING TRUST

text: Mission West Properties, Inc.

text: Mission West Liquidating Trust