text:
EX-99.1
2
dex991.htm
PRESS RELEASE
Press Release
Exhibit 99.1
FOR IMMEDIATE RELEASE
CONTACTS:
Public Relations Manager
Stacey Branom
Captaris Inc.
(425) 638-4041
StaceyBranom@Captaris.com
Investor Relations
Melanie Canto
Captaris Inc.
(425) 638-4048
MelanieCanto@Captaris.com
Captaris
Closes Acquisition of IMR
Bellevue Wash. - October 28, 2004 -
Captaris Inc. (NASDAQ: CAPA), a leading provider of Business Information Delivery solutions, today announced that it has closed the acquisition of Information Management Research, Inc. (IMR), a major software vendor in the archiving and records
management market. Captaris announced its proposed acquisition of IMR on October 4, 2004. IMR's Alchemy product line helps organizations capture, archive and retrieve business information. The combination of IMR and Captaris will enable the
company to provide complete solutions for Business Information Delivery.
Captaris purchased IMR for $25.1 million in cash, after a net working capital adjustment at closing. The company has deposited $5.0 million of the purchase price in a third-party escrow account to be held for two years as security for
certain post closing obligations of the IMR shareholders, including indemnification obligations.
Needham & Company, Inc. served as financial advisor to Captaris in connection with the transaction.
About Captaris Inc.
Captaris Business Information Delivery solutions capture, process and deliver data and documents enabling customers to reduce costs and increase the performance of critical business information investments. Through
its global distribution network, Captaris delivers
-more-
Page 2
cost-effective software products and
services that help organizations manage and leverage the value of corporate information. In partnership with leading enterprise technology companies, Captaris has installed more than 100,000 systems in 65 countries, including all Fortune 100
companies.
Alchemy software technology addresses the sophisticated management
needs of
fixed content,
the most common type of enterprise content. The product suite handles multiple types of fixed content such as images, email, PDFs and COLD/ERM, and manages the content through information lifecycle management (ILM)
stages - including capture, workflow, document management, archive, records management, retrieval and distribution. Ideal for mid-market companies, the solution provides a far lower cost of ownership than enterprise content management
solutions. More than 10,000 organizations in over 40 countries use Alchemy.
Captaris is headquartered in Bellevue, Wash., and has main offices in Tucson, Ariz., Portland, Ore., Englewood, Colo., Calgary, Canada, and European headquarters in Nieuwegein, Netherlands. In addition, Captaris has sales and support
offices in Switzerland, the United Kingdom, Germany, Hong Kong, Australia and Dubai. The company was founded in 1982 and is publicly traded on the NASDAQ National Market under the symbol CAPA. For more information please visit
www.captaris.com
.
Captaris products Alchemy, Interchange, RightFax
and Teamplate are trademarks of Captaris. All other company, brand and product names are the property and/or trademarks of their respective companies.
Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include all passages containing verbs such as "aims", "anticipates", "estimates", "expects", "intends", "plans", "predicts", "projects" or
"targets" or nouns corresponding to such verbs. Forward-looking statements also include any other passages that are primarily relevant to expected future events or that can only be evaluated by events that will occur in the future.
Forward-looking statements are based on the opinions and estimates of the management at the time the statements are made and are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated
in the forward- looking statements. Factors that could affect Captaris' actual results include, among others, the impact, if any, of stock-based compensation charges or benefit associated with variable accounting treatment on certain stock
options, the potential failure to maintain and expand Captaris' network of dealers and resellers or to establish and maintain strategic relationships, inability to integrate recent and future acquisitions, inability to develop new products or
product enhancements on a timely basis, inability to protect our proprietary rights or to operate without infringing the patents and proprietary rights of others, and quarterly and seasonal fluctuations in operating results. More information about
factors that potentially could affect Captaris' financial results is included in Captaris' most recent quarterly report on Form 10- Q and annual report on 10-K filed with the Securities and Exchange Commission. Readers are cautioned not to
place undue reliance upon these forward-looking statements that speak only as to the date of this release. Except as required by law, Captaris undertakes no obligation to update any forward-looking or other statements in this press release, whether
as a result of new information, future events or otherwise.
###

text: Captaris Inc.

text: Captaris Inc.

text: Captaris

text: IMR

text: Captaris Inc.

text: Information Management Research, Inc.

text: IMR

text: Captaris

text: IMR

text: IMR

text: IMR

text: Captaris

text: Captaris

text: IMR

text: IMR

text: Needham & Company, Inc.

text: Captaris

text: Captaris Inc.

text: Captaris

text: Captaris

text: Captaris

text: Captaris

text: Captaris

text: Captaris

text: Captaris

text: Captaris

text: Captaris

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dataset: buster

text:
EX-99.38
2
hydro9938.htm
United States Securities & Exchange Commission EDGAR Filing
Exhibit 99.38
Hydromer, Inc.
35 Industrial Parkway; Branchburg, NJ 08876; U.S.A.
Tel: (908) 722-5000. Fax: (908) 526-3633. http://www.hydromer.com
Video Conferencing IP Address: video.hydromer.com
PRESS RELEASE
: The following is available for immediate release:
Branchburg, New Jersey; February 24, 2009
From:
Hydromer, Inc.
35 Industrial Parkway
Branchburg, New Jersey 08876-3424
Contact:
Martin C. Dyck, Senior Vice President
(908) 722-5000
Hydromer, Inc. Announces Sale of Product Lines to Merit Medical Systems, Inc
Hydromer, Inc. (HYDI.OB - OTC BB), announces the sale of the Endoscopic Bipolar Coagulation probe and Biliary Stent business by its wholly owned subsidiary, Biosearch Medical Products, Inc. ("Biosearch") to Merit Medical Systems, Inc. ("Merit") for $1.6 million in cash. The agreement also calls for the assignment of existing BMPI / customer supply agreements to Merit and a seven year non-compete provision. Until the date when Merit is able to independently manufacture the products, Biosearch will continue to manufacture the products at an agreed upon transfer price.
In addition, a separate supply agreement has been entered between the two parties for Hydromer
®
hydrophilic coating solution used on those products.
"We are very pleased about the business relationship we have entered with Merit Medical Systems, Inc." stated Martin C. Dyck, President of Biosearch and Executive Vice President of Hydromer, Inc., adding "This transaction is part of Hydromer, Inc.'s long-term focus on its strategic core of the medical and animal health business while strengthening its Balance Sheet and liquidity".
Hydromer, Inc. is a technology-based company involved in the research and development, manufacture and commercialization of specialized polymer and hydrogel products for medical device, pharmaceutical, animal health, cosmetic, personal care, and industrial uses. For the latest information about Hydromer, Inc. and its products, please visit our web site at
http://
www.hydromer.com
.

label: organization

text: Hydromer, Inc.

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text: Merit Medical Systems, Inc

text: Hydromer, Inc.

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text: Hydromer, Inc.

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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
17
newulm080068_ex99-1.htm
PRESS RELEASE DATED JANUARY 2, 2008
NEW ULM TELECOM, INC. EXHIBIT 99.1 TO FORM 8-K DATED DECEMBER 31, 2007
Exhibit 99.1
NEWS RELEASE NEWS RELEASE NEWS RELEASE
FROM:
NU-Telecom
FOR RELEASE:
Immediate
27 N. Minnesota
New Ulm, MN 56073
CONTACT:
Bill Otis
Tele. 507-354-4111
NU-Telecom
507-354-4111
E-mail: billotis@nu-telcom.net
New Ulm Telecom, Inc. and Hutchinson Telephone Company Announce Anticipated Closing Date for Merger
January 2, 2008
New Ulm, MN
- New Ulm Telecom, Inc. ("New Ulm") (NULM.OB) and Hutchinson Telephone Company ("HTC") announced today that they received all the approvals for the closing of the merger agreement under which New Ulm will acquire Hutchinson Telephone Company. The transaction is expected to close on or before Friday, January 4, 2008. It is being structured as a reverse triangular merger under which a newly-formed subsidiary of New Ulm will merge into HTC at closing, with HTC continuing to operate as a subsidiary of New Ulm.
About New Ulm
New Ulm owns and operates incumbent local exchange carriers (ILECs) and a competitive local exchange carrier (CLEC) that provide, own and operate phone, video and internet services in a number of Minnesota and Iowa communities. New Ulm also sells and services cellular phones and accessories, customer premise equipment and transport operations. New Ulm also holds a 25.18% investment in FiberComm, LC, a CLEC based in Sioux City, Iowa and holds a 33.33% ownership interest in Hector Communications Corporation, which provides phone, video and internet services to a number of communities in Minnesota and Wisconsin.
Forward-Looking Statements
Statements about New Ulm's future prospects are forward-looking and, therefore, involve certain risks and uncertainties. These and other risk factors are discussed in New Ulm's Report on Form 10-K for the year ended December 31, 2006 and from time to time in its other filings with the Securities and Exchange Commission.
# # #

text: NEW ULM TELECOM, INC.

text: New Ulm

text: New Ulm Telecom, Inc.

text: Hutchinson Telephone Company

text: New Ulm

text: New Ulm Telecom, Inc.

text: New Ulm

text: Hutchinson Telephone Company

text: New Ulm

text: Hutchinson Telephone Company

text: New Ulm

text: New Ulm

text: New Ulm

text: New Ulm

text: New Ulm

text: New Ulm

text: New Ulm

text: New Ulm


text:
EX-99.1
13
ex991mcginnispressrelease.htm
EXHIBIT
Ex. 99.1 McGinnis Press Release
2-2-2 Steadfast Apartment REIT Acquires 696 Units in Georgia
EXHIBIT 99.1
18100 Von Karman Avenue
Suite 500
Irvine, CA 92612
949.852.0700
NEWS RELEASE
Contact: Jennifer Schmidt
Phone: 949.333.1721
Email: jschmidt@steadfastcmg.com
STEADFAST APARTMENT REIT ACQUIRES 696 UNITS NEAR ATLANTA FOR $98.5 MILLION REIT Now Owns 1,743 Apartment Homes in Four States
IRVINE, Calif., Oct. 22, 2014 - Steadfast Apartment REIT announced today the acquisition of 696 apartment homes in the North Gwinnett submarket of Atlanta for $98.5 million. Originally constructed as two stand-alone properties comprising 354 apartment homes and 342 apartment homes, Steadfast will jointly operate the properties as The Residences on McGinnis Ferry.
"We specifically seek to acquire properties in areas that have demonstrated continued economic growth and a strong renter pool", said Ella Shaw Neyland, president of Steadfast Apartment REIT. "The greater Atlanta market continues to improve and is supported by employment growth of nearly 6 percent since 2010. In addition, the local apartment market remains positive due to limited new supply coming on line and a general decline in homeownership".
The 97 percent occupied Residences on McGinnis Ferry is located 30 miles northeast of downtown Atlanta and has average in-place rents of $1,068 with 40 garden-style residential buildings, offering one-, two- and three-bedroom floor plans averaging 1,217 square feet.
The apartment homes feature large, oversized floor plans, designer kitchens and baths, nine-foot ceilings, walk-in closets and double crown molding. Select apartments come with additional luxury finishes, including fireplaces, built-in wine racks, oversized garden tubs, guest powder rooms and computer rooms/offices.
Community amenities include two resort-style swimming pools, a dog park, expansive playgrounds, kids' activity room, three lighted tennis courts, a 24-hour fitness center, resident activity center with gourmet kitchen and a walking and bicycle trail.
(more)
2-2-2 Steadfast Apartment REIT Acquires 696 Units in Georgia
Steadfast plans to make strategic, interior improvements as part of its Value Enhancement Strategy at both properties that will include black appliances, 2" faux wood blinds, vinyl plank flooring, and upgraded countertops, cabinets, hardware and fixtures in the kitchen and bathrooms.
"While the property is well-regarded in the local area, we see an opportunity to update and align the amenities to reflect the requests of today's renters", said Neyland. "Additionally, the two-property layout provides an opportunity to establish separate identities and branding in order to optimize the revitalization and rent increase strategy".
The North Gwinnett submarket is one of Georgia's wealthiest and most desirable suburban submarkets and was named by Family Circle Magazine as one of the "Top 10 Best Places to Raise a Family." Since the recession, the Atlanta MSA has diversified its economy and is home to 16 Fortune 500 companies, including The Home Depot, Coca-Cola and Sun Trust Banks. The area has also been ranked "Top 10 Happiest Places for Young Professionals", all of which Steadfast believes will continue to drive apartment demand in the market.
About Steadfast Apartment REIT
Steadfast Apartment REIT intends to acquire and operate a diverse portfolio of well-positioned, institutional-quality apartment communities in targeted markets throughout the United States that have demonstrated high occupancy and income levels across market cycles.
Steadfast Apartment REIT is sponsored by Steadfast REIT Investments LLC, an affiliate of Steadfast Companies, an Orange County, Calif.-based group of affiliated real estate investment and operating companies that acquire, develop and manage real estate in the U.S. and Mexico.
This release contains certain forward-looking statements. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from those expressed or implied by such forward-looking statements and you should not place undue reliance on any such statements. A number of important factors could cause actual results to differ materially from the forward-looking statements contained in this release. Such factors include those described in the Risk Factors sections of Steadfast Apartment REIT annual report on Form 10-K and other reports filed with the Securities and Exchange Commission. Forward-looking statements in this document speak only as of the date on which such statements were made, and the company undertakes no obligation to update any such statements that may become untrue because of subsequent events. Such forward-looking statements are subject to the safe harbor protection for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.
THIS PRESS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES.
###

text: Steadfast Apartment REIT

text: STEADFAST APARTMENT REIT

text: Steadfast Apartment REIT

text: Ella Shaw Neyland

text: Steadfast Apartment REIT

text: Steadfast Apartment REIT

text: Steadfast Apartment REIT

text: Steadfast Apartment REIT

text: Steadfast Apartment REIT

text: Steadfast Apartment REIT


text:
EX-99.1
3
ex99-1.htm
EXHIBIT 99.1
ex99-1.htm
Exhibit 99.1
Selectica Closes Acquisition of b-pack
Acquisition will deliver new capabilities to extend Selectica's product suite and global presence with the addition of a leading SaaS Procure-to-Pay solution.
San Mateo, California - August 3, 2015
News Summary
Selectica, Inc. (NASDAQ: SLTC) today announced it has completed the acquisition of b-pack for approximately $12.33 million in cash and stock. b-pack, a pioneer and global leader in Source to Pay (S2P) solutions, is focused on providing rich, end-to-end procurement capabilities, including eProcurement, Purchase-to-Pay, Asset Management, Budget Management, Invoice Management, and Expense Management. The acquisition further democratizes the Selectica suite of solutions and expands its reach internationally. For the past 15 years, b-pack has empowered finance and procurement enterprise professionals with flexible, innovative and critical risk mitigation solutions.
Transaction Highlights
●
Selectica announced on March 30, 2015 its agreement to acquire b-pack. The transaction was completed on July 31, 2015.
●
b-pack serves industry leading global customers such as Sony Music, McDonald's, Dannon, Renault-Nissan, Yves Saint Laurent, Gucci, Aon, Telehouse, BNP Paribas, Buccaneer Energy, United Drug, Vinci Airports, Yves Saint Laurent, and French Prime Minister Services.
●
Phase one of integration plans have been completed including: Selectica and b-pack product and technology team collaboration; sales and marketing strategy development; and proactive customer communications and engagements.
●
Gartner ranks b-pack as a visionary in the 2015 Magic Quadrant for Procure-to-Pay Suites for Indirect Procurement citing its highly configurable workflow and overall platform; strong out-of-the-box P2P functionality; ease of upgrade and mobile device support.
●
Needham & Company, LLC served as the financial advisor for the transaction.
●
Olshan Frome Wolosky LLP and Kramer Levin Naftalis & Frankel LLP represented Selectica in negotiating the definitive merger agreement.
●
More information about the acquisition can be found at Selectica acquires b-pack.
Supporting Quotes
"The visions of Selectica and b-pack are highly aligned -- both companies are seeking to provide technology to finance and procurement professionals to be more efficient and effective while driving out costs, enhancing revenue and reducing risk", said Patrick Stakenas, President and CEO of Selectica. "We believe b-pack's extensive "Source to Pay" solutions are industry leading, as evidenced by Gartner positioning b-pack as a "visionary" in its most recent Procure to Pay Magic Quadrant. This is such an exciting moment in the company's history as we now offer a complete end-to-end Source to Pay solution with enterprise grade contract lifecycle management".
"We are very excited to bring our teams and innovative technologies together to build a global industry leader in strategic sourcing, supply management, procure-to-pay and contract management", said Julien Nadaud, CEO and Co-Founder of b-pack. "We've initiated our product integration strategy and efforts to build the best source-to-pay cloud solution, and expect to deliver significant value to the marketplace and our joint customers in the very near term".
Supporting Resources
About Selectica and b-pack
Selectica "Social Contracting" blogSelectica on LinkedInSelectica on TwitterSelectica on FacebookSelectica on YouTubeSelectica guides & misc. resources
Inducement Grants
Selectica also announced today that, in connection with the acquisition, Selectica's board of directors approved the grant of options to purchase an aggregate of 700,000 shares of Selectica common stock to 55 b-pack employees to attract and retain their services following the acquisition, including options to purchase 161,100 shares to Xavier Pierre-Bez, Chief Business Development Officer and Co-Founder, 20,700 shares to Bruno Charrat, COO, and 268,200 shares to Julien Nadaud
,
CEO and Co-Founder. The options each have an exercise price per share equal to the closing price of Selectica's common stock on NASDAQ on July 31, 2015. The options each have a 10-year term and vest over a 48-month period, with 25 percent of the option shares vesting after completion of 12 months of continuous service to Selectica, and the remaining option shares vesting in equal monthly installments over the following 36 months of continuous service to Selectica. The grants were made as inducements that were a material component of the compensation of the b-pack employees and subsequent acceptance of employment with Selectica, and the options were granted as employment inducement awards pursuant to NASDAQ Listing Rule 5635(c)(4) approved by the majority of Selectica's independent directors.
Securities Not Registered
The securities described herein have not been registered under the Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States absent registration with the Securities and Exchange Commission or an applicable exemption from such registration requirements. Selectica has agreed to file one or more registration statements with the Securities and Exchange Commission covering the resale of the shares of common stock issued in connection with the b-pack acquisition and upon exercise of the inducement grants issued in connection with the b-pack acquisition.
No Offer or Solicitation
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
About Selectica, Inc.
Selectica, Inc. (NASDAQ: SLTC) is a leading provider of enterprise contract management, supply management, and configuration solutions. Since 1996, Selectica has helped global companies actively manage their contracts throughout the sales, procurement, and legal life cycle. Selectica's contract lifecycle management, strategic sourcing, and purchasing solutions drive business value by assisting organizations in managing contracts profitably, effectively accelerating revenue opportunities, and minimizing risk through compliance. Our patented technology assists customers across a myriad of industries-including high-tech, telecommunications, manufacturing, healthcare, and financial services-to accelerate and streamline contract management, sales processes, spend analysis, procurement intelligence, sourcing, and supplier lifecycle management. Selectica also provides a powerful configuration engine, which Fortune 500 companies use to increase revenue by facilitating the right combination of products, services, and price. For more information, please visit:
www.selectica.com
.
Forward-looking Statements
Certain statements in this release and elsewhere by Selectica are forward-looking statements within the meaning of the federal securities laws and the Private Securities Litigation Reform Act of 1995. Such statements may include, without limitation, statements regarding anticipated synergies relating to the acquisition, business outlook, assessment of market conditions, anticipated financial and operating results, strategies, product and channel development, future plans, contingencies and contemplated transactions of the company. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors which may cause or contribute to actual results of company operations, or the performance or achievements of the company or industry results, to differ materially from those expressed, or implied by the forward-looking statements. In addition to any such risks, uncertainties and other factors discussed elsewhere herein, risks, uncertainties and other factors that could cause or contribute to actual results differing materially from those expressed or implied for the forward-looking statements include, but are not limited to, challenges in integrating the business of b-pack after closing, fluctuations in demand for company products and services, risks of losing key personnel or customers, protection of the company's intellectual property and government policies and regulations, including, but not limited to those affecting the company's industry. Selectica undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. Additional risk factors concerning the company can be found in the company's most recent Form 10-K as filed by the company with the Securities and Exchange Commission.
Contacts
Investor Relations:
Budd Zuckerman
+1.303.415.0200
bzuckerman@genesisselect.com
Media Relations:
Rose Lee
Selectica
+1.650.532.1590
pr@selectica.com

text: Selectica

text: b-pack

text: Selectica

text: Selectica, Inc.

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text: b-pack

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text: b-pack

text: Selectica

text: b-pack

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text: b-pack

text: b-pack

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text: Kramer Levin Naftalis & Frankel LLP

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text: Selectica

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text: Selectica

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text: b-pack

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text: b-pack

text: Selectica

text: Selectica

text: Selectica

text: Selectica

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text: Bruno Charrat

text: Julien Nadaud

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text: Selectica

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text: Selectica

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text: Selectica

text: Selectica

text: Selectica

text: b-pack

text: Selectica

text: Selectica


text:
EX-99.2
4
ex99_2.htm
EXHIBIT 99.2
ex99_2.htm
Exhibit 99.2
Investor Contacts:
Rusty Cloutier
President and CEO
Jim McLemore, CFA
Senior Executive Vice President and CFO
337.237.8343
MidSouth Bancorp, Inc. Completes Merger with
PSB Financial Corporation
LAFAYETTE, LA., December 28, 2012 /PRNewswire-FirstCall/ -- MidSouth Bancorp, Inc. ("MidSouth") (NYSE MKT: MSL), the parent company for MidSouth Bank N.A., announced the completion of the merger with PSB Financial Corporation ("PSB"), the holding company of Many, Louisiana based Peoples State Bank. This transaction continues MidSouth's strategic growth and enhances the connection between Louisiana and Texas by expanding MidSouth Bank's presence north from Acadiana all the way up to Texarkana.
Under the terms of the definitive agreement, MidSouth will issue up to 756,536 shares of MidSouth common stock and $10 million liquidation value of a newly created MidSouth series of 4.00% noncumulative convertible preferred stock plus $16 million in cash. In addition, the merger agreement provides for potential additional cash consideration of up to $2 million, plus interest, based on the resolution of certain identified loans over a three-year period.
As part of the transaction, PSB's preferred stock issued under the U.S. Treasury's Community Development Capital Initiative has been redeemed in full and Leonard Q. "Pete" Abington, Chairman and President of PSB, has been named to the board of directors of MidSouth and its subsidiary, MidSouth Bank, and John J. "JJ" Blake III, President and CEO of Peoples State Bank, has been named Senior Vice President and Regional President of MidSouth Bank's Timber Region.
Over the weekend, signs on all 15 Peoples State Bank branch buildings will be changed to MidSouth Bank, the first step in a two-phase conversion plan. Full conversion of systems, products and services will take place in late March 2013. Additional information on the merger can be found on the Investor Relations tab of MidSouth's website at
www.midsouthbank.com
.
"We are excited to welcome Peoples State Bank to the MidSouth team" commented MidSouth Bank President and CEO Rusty Cloutier. "We've known each other for more than a decade and have always viewed Peoples as an attractive partner for so many reasons, chief among them are the quality of the employees, the diversity of our loan portfolios and our philosophical similarities about community involvement, customer service and the basic principles of banking", Cloutier said.
"Together, our combined organizations will be able to provide significant value to our shareholders, customers and employees as we continue our expansion efforts to enhance our competitive stance and position us for successful growth in the future", Cloutier said.
About MidSouth Bancorp, Inc.
MidSouth Bancorp, Inc. is a bank holding company headquartered in Lafayette, Louisiana, with assets of $1.9 billion as of December 28, 2012. Through its wholly owned subsidiary, MidSouth Bank, N.A., MidSouth offers a full range of banking services to commercial and retail customers in Louisiana and Texas. MidSouth Bank currently has 57 banking centers in Louisiana and Texas and is connected to a worldwide ATM network that provides customers with access to more than 43,000 surcharge-free ATMs. Additional corporate information is available at
www.midsouthbank.com
.
Forward-Looking Statements
Certain statements contained herein are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. These statements include, among others, statements regarding the anticipated impacts of the transaction on shareholders, employees and customers, future expansion plans, future operating results and the integration of PSB into MidSouth's systems. Actual results may differ materially from the results anticipated in these forward-looking statements. Factors that might cause such a difference include, among other matters, the effect of the acquisition on relations with customers and employees; changes in interest rates and market prices that could affect the net interest margin, asset valuation, and expense levels; changes in local economic and business conditions, including, without limitation, changes related to the oil and gas industries, that could adversely affect customers and their ability to repay borrowings under agreed upon terms, adversely affect the value of the underlying collateral related to their borrowings, and reduce demand for loans; the timing and ability to reach any agreement to restructure nonaccrual loans; increased competition for deposits and loans which could affect compositions, rates and terms; the timing and impact of future acquisitions, the success or failure of integrating operations, and the ability to capitalize on growth opportunities upon entering new markets; loss of critical personnel and the challenge of hiring qualified personnel at reasonable compensation levels; legislative and regulatory changes, including changes in banking, securities and tax laws and regulations and their application by our regulators, changes in the scope and cost of FDIC insurance and other coverage; and other factors discussed under the heading "Risk Factors" in MidSouth's Annual Report on Form 10-K for the year ended December 31, 2011 filed with the SEC on March 15, 2012 and in its other filings with the SEC. MidSouth does not undertake any obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or otherwise, except as required by law.

text: Rusty Cloutier

text: MidSouth Bancorp, Inc.

text: PSB Financial Corporation

text: MidSouth Bancorp, Inc.

text: PSB Financial Corporation

text: Rusty Cloutier

text: MidSouth Bancorp, Inc.

text: MidSouth Bancorp, Inc.


text:
EX-99
2
exhibit99.htm
PRESS RELEASE
BAIRNCO CORPORATION
EXHIBIT 99
BAIRNCO CORPORATION
300 PRIMERA BOULEVARD, SUITE 432
LAKE MARY, FLORIDA 32746
(407) 875-2222
PRESS RELEASE
BAIRNCO ANNOUNCES SALE OF EAST PROVIDENCE FACILITY
Lake Mary, Florida, December 17, 2004 - Bairnco Corporation (NYSE-BZ)
today reported the sale of Arlon's East Providence, Rhode Island facility. The facility was closed during the third quarter 2004 after the final relocation of operations and equipment to the San Antonio, Texas facility were completed as part of Arlon's industrial businesses consolidation. The sale will result in a pre-tax gain of approximately $1.2 million in the fourth quarter.
Bairnco Corporation is a diversified multinational company that operates two distinct businesses - Arlon (Electronic Materials and Coated Materials segments) and Kasco (Replacement Products and Services segment). Arlon's principal products include high technology materials for the printed circuit board industry, cast and calendered vinyl film systems, custom-engineered laminates and special silicone rubber compounds and components. Kasco's principal products include replacement band saw blades for cutting meat, fish, wood and metal, and on site maintenance primarily in the meat and deli departments. Kasco also distributes equipment to the food industry in France.
CONTACT: Lawrence C. Maingot, Bairnco Corporation
Telephone: (407) 875-2222, ext. 230
"Safe Harbor" Statement under the Private Securities Reform Act of 1995
Statements in this press release referring to the expected future plans and performance of the Corporation are forward-looking statements. Actual future results may differ materially from such statements. Factors that could affect future performance include, but are not limited to, changes in US or international economic or political conditions, such as inflation or fluctuations in interest or foreign exchange rates; disruptions in operations due to labor disputes; the impact on production output and costs from the availability of energy sources and related pricing; renegotiation of the Corporation's Credit Agreement; changes in the pricing of the products of the Corporation or its competitors; the market demand and acceptance of the Corporation's existing and new products; the impact of competitive products; changes in the market for raw or packaging materials which could impact the Corporation's manufacturing costs; changes in the product mix; the loss of a significant customer or supplier; production delays or inefficiencies; the costs and other effects of legal and administrative cases and proceedings, settlements and investigations; the ability to achieve anticipated revenue growth, synergies and other cost savings in connection with acquisitions and plant consolidations; the costs and other effects of complying with environmental regulatory requirements; and losses due to natural disasters where the Corporation is self-insured. While the Corporation periodically reassesses material trends and uncertainties affecting the Corporation's results of operations and financial condition in connection with its preparation of its press releases, the Corporation does not intend to review or revise any particular forward-looking statement referenced herein in light of future events.
#

text: BAIRNCO CORPORATION

text: BAIRNCO CORPORATION

text: BAIRNCO

text: Bairnco Corporation

text: Bairnco Corporation

text: Bairnco Corporation


text:
EX-99.1
2
williamstowerpressrelease.htm
WILLIAMS TOWER CLOSE PRESS RELEASE
williamstowerpressrelease.htm
News
Release
For
Immediate
Release
For Further
Information, Contact:
May 1,
2008
George Lancaster,
Hines
713/966-7676
George_lancaster@hines.com
HINES REIT AQUIRES LANDMARK
TOWER
Uptown Houston Landmark is
also REIT's HQ Building
(HOUSTON)
- The Houston office of Hines, the international real estate firm, announced
today that Hines REIT has acquired Williams Tower, the 1.5 million-square-foot,
64-story tower at 2800 Post Oak Boulevard in Uptown Houston. The acquisition
included an undivided interest in the adjacent 2.8-acre Waterwall Park and a
2.3-acre undeveloped land parcel across the street at 3009 Post Oak Boulevard.
The seller, Transco Tower Limited, was represented by Cushman &
Wakefield. Hines is the sponsor of Hines REIT, and is responsible for
the acquisition, management and leasing of its assets.
Hines Chairman Gerald D. Hines
commented, "Williams Tower has been an icon for more than half of our firm's
50-year history. It is a part of our legacy and we will continue to be good
stewards of it".
Williams
Tower, which was completed in 1982, was developed by Hines, and has been managed
and leased by the firm since then. At completion, the tower was known
as Transco Tower for its major tenant, Transco Energy Corporation. In 1995,
Transco was purchased by Williams Field Services Company, and the building was
renamed in 1999. Designed by the legendary architect Philip Johnson with
John Burgee, the tower was the world's tallest skyscraper outside of a city's
central business district at completion. At 909 feet it is the second-tallest
building in Texas. Some of the unique features are:
·
A
revolving beacon atop a double-pitched roof that creates a virtual urban
lighthouse
·
A
skywalk that connects the tower to The Galleria, one of Houston's most
popular shopping and tourist attractions (which Hines also
developed)
·
The
development is home to the Waterwall Park, an urban green space lined
with Oak trees, walkways and benches. The park is anchored by
the Waterwall, a 64-foot-high structure that features cascading water over
both its sides.
Building
amenities include a retail bank and ATM in the lobby; a conference center; a
lobby-level art gallery;
a sundry shop, a
drycleaners, a deli and a coffee bar. Parking is provided in an
adjoining 12-level, 3,200-space garage.
Williams Tower
is currently 94 percent leased to a prestigious roster of tenants
including: Transcontinental Gas Pipe Line Corporation; Black Box
Network Services (formerly known as NextiraOne LLC); Hines and Hines REIT
(corporate headquarters); Rowan Companies, Inc.; Van Kampen Investments, Inc.;
Citicorp North America, Inc.; CBRE Melody of Texas; Wachovia Bank N.A.; and
Williams Field Services Company.
"We are
delighted to obtain ownership of this truly one-of-a-kind trophy project again,
and to continue the relationships we have nurtured with our tenants over more
than a quarter century of managing Williams Tower", said Hines Senior Vice
President Charles Elder.
"Williams Tower is another
world-class office property to be added to Hines REIT's portfolio. As
a Houston landmark and one of the premier office properties in Texas, it is an
outstanding addition to our growing real estate portfolio", said Charles Hazen,
President and CEO of Hines REIT.
Hines REIT is a Houston-based public
real estate investment trust sponsored by Hines. Hines REIT commenced
operations in November 2004 and primarily invests in institutional-quality
office properties located in the United States. Including this
acquisition, Hines REIT currently owns interests in 45 properties, two of which
are located outside of the United States. For additional information
about Hines REIT, please see
www.hinesreit.com
Hines is
a fully integrated real estate investment and management firm that has been
investing in real estate and providing acquisition, development, financing,
property management, leasing and disposition services for over 50
years. With offices in 69 U.S. cities and 15 foreign countries, and
controlled assets valued at approximately $22.9 billion, Hines is one of the
largest real estate organizations in the world. Access
www.hines.com
for
more information on Hines.
Statements
in this news release, including but not limited to those relating to intentions,
beliefs, expectations, projections, plans or predictions, including
effects and results of the acquisition and other statements that are not
historical facts are forward looking statements that are based on current
expectations and assumptions that may prove incorrect or
inaccurate. Important factors that could cause actual results to
differ materially from those in the forward looking statements include risks
associated with property acquisitions, changes in general economic and real
estate market conditions, interest rate fluctuations, competition, dependence on
tenants' financial condition, dependence on Hines and other risks described in
the "Risk Factors" sections of Hines REIT's Registration Statement on Form S-11,
its Annual Report on Form 10-K, and its other filings with the Securities and
Exchange Commission.
-30-

text: HINES REIT

text: Hines REIT

text: Transco Tower Limited

text:
Cushman &
Wakefield

text: Hines REIT

text: Hines REIT

text: Hines REIT

text: Charles Hazen

text: Hines REIT

text: Hines REIT

text: Hines REIT

text: Hines REIT

text: Hines REIT

text: Hines REIT


text:
EX-99
3
ex_99-1.htm
PRESS RELEASE
Exhibit 99.1
FOR IMMEDIATE RELEASE
CONTACT
Visualant, Inc.:
Lynn Felsinger
206 903 1351 -
Lynn@visualant.net
Investor Relations
Paul DeRiso
Core Consulting Group
925-465-6088
paul@coreconsultingroup.com
Visualant Issues Shareholder Letter
Seattle, WA December 2, 2010, Visualant, Inc. (OTCBB: VSUL), a pioneer provider of industry-leading identification solutions, issued the following shareholder letter:
December 2, 2010
Dear Visualant Shareholders:
We recently completed the first demonstration unit of the Visualant Spectral Pattern Matching (SPM) technology. This world-class technology has been eagerly awaited by many in the fields of security, authentication and all forms of diagnostics who have viewed the technology in the laboratory. This demonstration unit has been a long time in making the transition from the lab bench to the approximate size of a smart phone. The demo unit provides an excellent opportunity to showcase the SPM technology to potential customers around the world. The demo unit size and portability is indicative of the low cost and form factor flexibility inherent in the Visualant technology. This demo unit now brings Visualant one step closer to commercialization. Our next step in this process is to work with our development team to create a Developer's Kit to enable potential customers to create their own solutions utilizing SPM technology.
Our merger and acquisition strategy led us to TransTech Systems, Inc., our newly acquired subsidiary. TransTech brings its first-class reputation to our company. With annual revenues of approximately $10 million and a nationwide base of 500 dealers, TransTech brings Visualant close to the customer. Our stated goal is to grow the Company through additional acquisitions to $35 to $50 million in revenues. We are working closely with TransTech senior management to identify more acquisition opportunities in the security and authentication marketplace. At the same time we are working to organically grow the base TransTech business.
The demonstration unit had its first public unveiling at the TransTech Systems booth at the ASIS show in Dallas, TX, from October 12 to October 15. We had a very positive response at the show and again at the ISC Solutions Expo in New York City on November 1 to November 4, where TransTech also had a presence.
In a note after the trade shows Jim Gingo, TransTech President, wrote, "The TransTech booth was continually busy, with many interested parties looking at our "fascinating" Visualant handheld prototype unit. Our staff set up a simple, but effective, demonstration that compared seemingly identical 4-color dye ribbons, showing a capability of the demo unit to distinguish between real and counterfeit ribbons (a large source of consternation in the card printing industry in particular.) As well, we were able to differentiate different types of plastic card stock and, yes, of course, even unmarked white powders".
Jim Gingo's respected position in the industry was acknowledged when the Security Industry Association held its annual meeting in New York in conjunction with the ISC Solutions Expo. Jim was elected to the Executive Committee of the Security Industry Association and became its Treasurer. Jim had previously served two terms on the Board of the association.
In mid-November, Jim Gingo, and Mark Scott, Visualant CFO, visited Japan and met with potential partners for Visualant and TransTech. They also met with a number of current Japanese investors in Visualant. The result of the meetings was an overtly positive response to the Visualant demo unit. We anticipate forming many new relationships in both product development and product deployment. These meetings were arranged by our two Visualant Board members from Japan, Dr. Masahiro Kawahata and Mr. Tom Arai. Many of you recall that Dr. Kawahata is a well-regarded scientist in Japan, formerly the head of the Fujitsu Research Center and a Professor at Tokai University. Mr. Arai is a prominent businessman in Japan and was a long-term member of the board of 7-Eleven and other major corporations.
The Visualant fiscal year ends on September 30, 2010. Our annual report in the form of our 10-K filing with the Securities and Exchange Commission will be filed around the end of the year. We expect to have a shareholders meeting early in 2011. Please be on the alert for notice of that meeting.
This is the second in an ongoing series of periodic newsletters to our shareholders. We will post these newsletters on the Visualant website at
www.visualant.net
. If we have an email address for you, we will send you a copy of these newsletters electronically. If you have not already done so, please enter your email and other information on the form on the website at:
http://visualant.net/contactus.html
.
In the meanwhile, thank you for your continued support. Please do not hesitate to be in touch with us if you have any questions. And, once again, please sign up on the website so that we can communicate with you.
Sincerely,
Ron Erickson
Chairman and Chief Executive Officer
About Visualant, Inc.
Visualant, Inc. develops low-cost, high-speed, light-based security and quality control solutions for use in homeland security, anti-counterfeiting, forgery/fraud prevention, brand protection and process control applications. Its patent-pending technology uses controlled illumination with specific bands of light, to establish a unique spectral signature for both individual and classes of items. When matched against existing databases, these spectral signatures allow precise identification and authentication of any item or substance. This breakthrough optical sensing and data capture technology is called Spectral Pattern Matching (SPM). SPM technology can be miniaturized and is easily integrated into a variety of hand-held or fixed mount configurations, and can be combined in the same package as a bar-code or biometric scanner.
Through its wholly owned subsidiary, TransTech Systems, Inc., the Company provides security and authentication solutions to security and law enforcement markets throughout the United States.
Safe Harbor Statement
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements (within the meaning of Section 27a of the Securities Act of 1933 and Section 21e of the Securities Exchange Act of 1934) regarding us and our business, financial condition, results of operations and prospects.
Forward-looking statements in this press release reflect the good faith judgment of our management and are based on facts and factors currently known to us. Forward-looking statements are subject to risks and uncertainties, and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements as a result of either the matters set forth or incorporated in this press release generally or certain economic and business factors, some of which may be unknown to and/or beyond the control of Visualant, Inc.
Specifically, we are exposed to various risks related to our revenue projections, our need for additional financing to support our technology development, acquiring or investing in new businesses and ongoing operations, the sale of a significant number of our shares of common stock could depress the price of our common stock, the market price of our common stock may be volatile, and we may incur losses in the future.
Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
We do not undertake, and we expressly disclaim, any obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of the press release.

text: Visualant, Inc.

text: Visualant, Inc.

text: TransTech Systems, Inc.

text: TransTech

text: TransTech

text: TransTech

text: TransTech

label: event

text: ASIS show

text: ISC Solutions Expo

text: TransTech

text: TransTech

text: TransTech

text: ISC Solutions Expo

text: TransTech

text: Masahiro Kawahata

text: Tom Arai

text: Ron Erickson

text: Visualant, Inc.

text: Visualant, Inc.

text: TransTech Systems, Inc.

text: Visualant, Inc.


text:
EX-99.2
3
exhibit992bgc-completesx.htm
EX-99.2
exhibit992bgc-completesx
BGC Completes Sale of Insurance Brokerage Business to The Ardonagh Group 11/1/2021 NEW YORK, Nov. 1, 2021 /PRNewswire/ -- BGC Partners, Inc. (Nasdaq: BGCP) ("BGC Partners" or "BGC" or the "Company"), a leading global brokerage and

text: BGC

text: Insurance Brokerage Business

text: The Ardonagh Group

text: BGC Partners, Inc.

override: organization

text: BGC


text:
EX-99.1
2
a13-19440_2ex99d1.htm
EX-99.1
Exhibit 99.1
PRESS RELEASE
Contact:
Physicians Realty Trust
John T. Thomas
President and CEO
(214)543-6611
John W. Sweet
(414)978-6467
Graymark Healthcare, Inc.
Stanton Nelson
Chief Executive Officer
Tel 1-405-601-5390
Investors:
The Ruth Group
Stephanie Carrington/David Burke
646 536-7017/7009
scarrington@theruthgroup.com
dburke@theruthgroup.com
Physicians Realty Trust Completes $40 million Acquisition of
El Paso Surgical Center and Medical Office Building
Milwaukee, WI, September 3, 2013 - Physicians Realty Trust (NYSE: DOC) ("the Company"), a self-managed healthcare properties REIT, announced today the completion of the sale-leaseback of the surgical hospital and adjacent medical office building occupied by the Foundation Surgical Hospital of El Paso, L.L.C. (the "Hospital"), a joint venture owned by more than 60 physicians and Foundation Surgical Hospital Affiliates, L.L.C. ("Foundation"), a wholly owned subsidiary of Graymark Healthcare, Inc. (OTCQB:GRMH), headquartered in Oklahoma City, OK. The purchase price was $40 million in cash and was paid from proceeds of the Company's recent initial public offering.
The Company previously had the property under a letter of intent as described in its final prospectus dated July 18, 2013 as filed with the Securities and Exchange Commission on July 19, 2013. The Company entered into a definitive agreement to acquire the property and completed the acquisition on August 30, 2013. The Hospital is a 77,000 square foot, 40-bed acute care facility with six operating rooms, and is accredited by the Joint Commission on Accreditation of Healthcare Organizations (JCAHO), which accredits healthcare organizations. The adjacent medical office building contains approximately 40,000 rentable square feet, which is 100% leased by the Hospital and currently sub-leased by hospital services and physicians on the medical staff of the Hospital. Concurrent with the acquisition, the Company and the Hospital entered into a new 15-
year absolute-net lease with respect to the hospital and a new five-year triple-net lease for 100% of the rentable space in the medical office building.
John T. Thomas, President and CEO of Physicians Realty Trust, stated, "We are so pleased to partner with the physicians and the Foundation team in El Paso. This is a high quality health care facility, where the physicians and other caregivers are providing outstanding services and care to their patients. We look forward to exploring future opportunities to work with Tom Michaud, Stanton Nelson, and Foundation's President, Bob Byers, and their physician partners across the United States".
Tom Michaud, the founder of Foundation and Chairman of the Board of Graymark, stated, "We have an outstanding hospital and world class medical staff partners devoted to the highest quality of care and patient service and satisfaction. We are excited to partner with Physicians Realty Trust. The Company understands and appreciates our clinical care and business model, which puts the physician in control of patient care, and our combined opportunity for tremendous success in the El Paso, Texas market. We have known and worked with John Thomas for more than 10 years, and he shares our passion and commitment to partnering with physicians to create an outstanding patient experience".
"The Physicians Realty Trust team has been a pleasure to work with. Their understanding and ability to meet our needs and objectives as we completed this first partnership affirms our decision to work with them", stated Stanton Nelson, Graymark's Chief Executive Officer. "With our large platform, we have tremendous opportunities for growth and further success, and we look forward to working with Physicians Realty in additional locations in the future".
About Physicians Realty Trust
Physicians Realty Trust is a self-managed healthcare real estate company recently organized to acquire, selectively develop, own and manage healthcare properties that are leased to physicians, hospitals and healthcare delivery systems. The Company invests in real estate that is integral to providing high quality healthcare. The Company plans to make an election to be taxed as a real estate investment trust (REIT) for U.S. federal income tax purposes.
About Graymark Healthcare
Headquartered in Oklahoma City, OK, Graymark Healthcare, Inc. (OTCQB: GRMH) is a provider of sleep management solutions. In addition to diagnosing and treating over 80 sleep disorders, the Company specializes in comprehensive care for Obstructive Sleep Apnea (OSA). Graymark offers its services through sleep laboratories primarily in the Midwest, including standalone or IDTF facilities, therapy facilities, rural outreach hospital sites and urban hospital management agreements. For more information, visit www.graymarkhealthcare.com.
2
About Foundation Surgical Hospital Affiliates and Foundation Surgery Affiliates
Foundation Surgical Hospital Affiliates, LLC (FSHA) was formed in 2009 from the success of the outpatient surgery company, Foundation Surgery Affiliates (FSA) which was founded by Thomas A. Michaud in 1996. FSHA focuses on the development and management of surgical hospitals and the inclusion of ancillary service lines. These additional service lines, such as hyperbarics, sleep labs, intraoperative monitoring, imaging and robotic surgery, truly make the Foundation specialty hospital environment unique.
Foundation Surgery Affiliates, LLC is an industry leading ASC management and development company focused on partnering with physicians and employees to create an outstanding patient experience, while maximizing partner and shareholder value. Foundation is a leader in offering turnkey management and development solutions for physician partners, as well as creating an optimal experience for the patients we serve. You can visit Foundation at www.foundationsurgery.com.
Forward-Looking Statements
Certain matters within this press release are discussed using forward-looking language as specified in the Private Securities Litigation Reform Act of 1995, and, as such, may involve known and unknown risks, uncertainties and other factors that may cause the actual results or performance to differ from those projected in the forward looking statement. These forward-looking statements may include statements related to the Company's ability to generate internal and external growth and to execute its business plan. For a description of factors that may cause the Company's actual results or performance to differ from its forward-looking statements, please review the information under the heading "Risk Factors" included in the Company's final prospectus in connection with its initial public offering filed by the Company with the Securities and Exchange Commission on July 19, 2013.
3

text: Physicians Realty Trust

text: John T. Thomas

text: Stanton Nelson

text: Physicians Realty Trust

text: Physicians Realty Trust

text: John T. Thomas

text: Physicians Realty Trust

text: Stanton Nelson

text: Physicians Realty Trust

text: Physicians Realty Trust

text: Stanton Nelson

text: Physicians Realty Trust

text: Physicians Realty Trust


text:
EX-99.1
3
exp_8k-ex9901.htm
PRESS RELEASE
Exhibit 99.1
Embargoed until Nov. 30, 2018 at 1 p.m. PT
eXp World Holdings Completes Asset Acquisition
of VirBELA
BELLINGHAM, WASH. - Nov. 30, 2018 -
eXp World
Holdings, the holding company for eXp Realty, the largest residential real estate brokerage by geography in North America (NASDAQ:
EXPI), today announced that it has completed its asset acquisition of VirBELA, LLC's core group of products and services,
pursuant to its previously announced letter of intent. The company also introduced eXp World Technologies, LLC, its innovation
and technology division, which now holds the VirBELA brand.
VirBELA will continue its current line of business of offering
a modern, cloud-based environment focused on education and team development with clients in various industries from government
to retail. In 2016, VirBELA developed eXp Realty's current cloud campus called eXp World, which provides 24/7 access to collaborative
tools, training and socialization for the company's more than 15,000 real estate agents and nearly 300 staff across North
America.
The acquisition of VirBELA's core group of products and
services will allow eXp Realty to continue to accelerate its business in a sustainable and innovative way. This is consistent with
eXp World Holdings' vision to expand the product offering to agents, teams and others who could benefit from their own, always-available
environments for collaboration.
"We have continued to be impressed by the products, services
and team that VirBELA has assembled, and we look forward to continuing to offer eXp Realty agents and VirBELA's existing
clients more virtual collaboration, education and support to help grow their businesses", said eXp World Holdings CEO, Chairman
and Founder Glenn Sanford. "We also are excited to introduce eXp World Technologies that will deliver the next phase of tools
from eXp World Holdings".
About eXp World Holdings
eXp World Holdings, Inc.,
is the holding company for eXp Realty (NASDAQ: EXPI), the largest residential real estate brokerage by geography in North America.
As the leading, national, cloud-based real estate brokerage, eXp Realty provides 24/7 access to collaborative tools, training and
socialization for real estate brokers and agents through its virtual campus environment. It is one of the fastest growing real
estate brokerage firms in North America with more than 15,000 agents across 50 U.S. states, the District of Columbia and three
Canadian provinces. As a publicly traded company, eXp World Holdings, Inc. uniquely offers real estate professionals within its
ranks opportunities to earn company stock for production and contributions to overall company growth.
For more information,
please visit the company's website at
www.eXpWorldHoldings.com
.
Connect with eXp Realty
and eXp World Holdings:
●
Facebook -
Canada
,
United States
●
Twitter -
United States
, investor relations
●
LinkedIn -
Canada
and
United States
Media Relations Contact:
Cynthia Nowak
Vice president of marketing and communications, eXp Realty
360.419.5285 ext. 116
cynthia.nowak@exprealty.com
Investor Relations Contact:
Greg Falesnik
Managing director, MZ Group - MZ North America
949.385.6449
greg.falesnik@mzgroup.us

text: eXp World Holdings

text:
eXp World
Holdings

text: eXp World Holdings

text: eXp World Holdings

text: eXp World Holdings

text: eXp World Holdings

text: eXp World Holdings

text: eXp World Holdings

text: eXp World Holdings

text: Cynthia Nowak

text: Greg Falesnik


text:
EX-99.1
10
v426241_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
Sequential Brands Group Announces Closing
of
Martha Stewart Living Omnimedia Merger
NEW YORK, New York
, December 4,
2015 - Sequential Brands Group, Inc. (Nasdaq: SQBG) ("Sequential" or the "Company") announced today
that it closed the acquisition of Martha Stewart Living Omnimedia, Inc. ("MSLO" or the "Brand") for $6.15
per share, in a combination of cash and stock.
The transformative merger adds a new vertical
to Sequential's platform, which is expected to generate approximately $4 billion in annual global retail sales from a combined
portfolio of consumer brands in the Home, Fashion, Lifestyle & Active categories.
In connection with the transaction, Martha
Stewart will continue to serve as Chief Creative Officer of the brand she founded. Additionally, Ms. Stewart has become a significant
shareholder in Sequential and a member of our Board of Directors.
"I'm excited that Martha
Stewart Living Omnimedia has merged into Sequential Brands Group. Together, our combined scale, knowledge and resources will
position us to expand both domestically and abroad. I am looking forward to this new chapter, and see a future focused on
immediate growth and long-term success", said Martha Stewart. "As we move ahead, I'd like to take a moment
to thank MSLO's directors and executive team for the many contributions they have made to the company as well as the
entire MSLO team for their steadfast dedication and unparalleled commitment".
William Sweedler, Chairman of
Sequential, commented, "I'd like to extend a warm welcome to the MSLO team and Martha as she joins our board of
directors. We're thrilled to be in business together, and excited to continue executing our vision".
MSLO is a leading provider of original,
"how-to" information, inspiring and engaging consumers with unique lifestyle content and beautifully designed, high-quality
products. Recognized as the authority in the home and lifestyle space, MSLO reaches approximately 100 million consumers across
all media platforms each month and has a growing retail presence in thousands of locations with leading retailers such as Macy's,
The Home Depot, PetSmart, Michaels and Staples. Throughout the years, MSLO has been recognized by the industry for its award-winning
content including multiple national magazine awards, 19 Emmys, 4 James Beard Awards, several Webby Awards and more.
The merger also brings the Emeril Lagasse
culinary brand, inclusive of its cookware product lines, award-winning television and book publishing
properties, as well as its legendary founder to the Sequential portfolio.
Yehuda Shmidman, CEO of Sequential, commented,
"This is an extremely exciting time for Sequential. With the closing behind us, we are now fully focused on integrating the
business and activating multiple new growth opportunities. On a combined basis, our platform is now generating approximately $4
billion in global retail sales, and we believe, perfectly positioned to achieve our newly published three-year plan of $8 billion
in global retail sales and $250 million in revenue by the fall of 2018".
The Company recently retained global professional
services firm Alvarez & Marsal to implement the post-acquisition integration, which includes streamlining initiatives intended
to transition MSLO's structure into Sequential's global licensing and brand management platform.
Financing for the acquisition was provided
by GSO Capital Partners LP, an affiliate of Blackstone Group, and Bank of America.
The Company expects to provide updated financial guidance reflecting the addition of MSLO within the next two weeks.
About Sequential Brands Group, Inc.
Sequential Brands Group, Inc. (Nasdaq:
SQBG) owns, promotes, markets, and licenses a portfolio of consumer brands in the fashion, home, active, and lifestyle categories.
Sequential seeks to ensure that its brands continue to thrive and grow by employing strong brand management, design and marketing
teams. Sequential has licensed and intends to license its brands in a variety of consumer categories to retailers, wholesalers
and distributors in the United States and around the world. For more information, please visit Sequential's website at: www.sequentialbrandsgroup.com.
To inquire about licensing opportunities, please email: newbusiness@sbg-ny.com.
Forward-Looking Statements
Certain statements in this press release and oral statements
made from time to time by representatives of Sequential are forward-looking statements ("forward-looking statements")
within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the
date hereof and are based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions
of management. Sequential's actual results could differ materially from those stated or implied in forward-looking statements.
Forward-looking statements include statements concerning guidance, plans, objectives, goals, strategies, expectations, intentions,
revenue, sales and other projections, developments, future events, performance or products, underlying assumptions and other statements
that are not historical in nature, including those that include the words "subject to", "believes", "anticipates,"
"plans", "expects", "intends", "estimates", "forecasts", "projects,"
"aims", "targets", "may", "will", "should", "can", the
negatives thereof, variations thereon and similar expressions. Such forward-looking statements reflect Sequential's current
views with respect to future events, based on what each of Sequential and MSLO believe are reasonable assumptions. Whether actual
results will conform to expectations and predictions is subject to known and unknown risks and uncertainties, including: (i) risks
and uncertainties discussed in the reports that Sequential and MSLO have filed with the Securities and Exchange Commission ("SEC");
(ii) general economic, market, or business conditions; (iii) the ability to successfully integrate Sequential's and MSLO's
operations and employees; (iv) the ability to realize anticipated benefits and synergies of the transaction; (v) the potential
impact of consummation of the transaction on relationships, including with employees, licensees, customers and competitors; and
(vi) other circumstances beyond Sequential's control. Refer to the section entitled "Risk Factors" in each of
Sequential's and MSLO's most recent Annual Reports on Form 10-K and Quarterly Reports on Form 10- Q for a discussion
of important risks, uncertainties and other factors that may affect each of Sequential's and MSLO's respective businesses,
results of operations and financial condition. Sequential's stockholders are urged to consider such risks, uncertainties
and factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking
statements.
Forward-looking statements are not, and should not be relied
upon as, a guarantee of future performance or results, nor will they necessarily prove to be accurate indications of the times
at or by which any such performance or results will be achieved. As a result, actual outcomes and results may differ materially
from those expressed in forward-looking statements. Sequential is not under any 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.
Media Inquiries
Jaime Cassavechia, 212-518-4771 x108
jcassavechia@sbg-ny.com
Investor Relations Inquiries
Gary Klein, 646-564-2577
gklein@sbg-ny.com

text: Sequential Brands Group

text: Martha Stewart Living Omnimedia

text: Sequential Brands Group, Inc.

text: Martha Stewart Living Omnimedia, Inc.

text:
Martha
Stewart Living Omnimedia

text: Sequential Brands Group

text: William Sweedler

text: Yehuda Shmidman

text: Sequential Brands Group, Inc.

text: Sequential Brands Group, Inc.


text:
EX-99.1
2
ss1418303_ex9901.htm
PRESS RELEASE
FOR IMMEDIATE RELEASE
Volt Information Sciences Completes Sale of Office Properties
Sale of company-owned real estate in Orange and San Diego, CA generates aggregate net cash proceeds of $29 million;
Orange facility to remain occupied by Volt in sale-leaseback transaction
NEW YORK, NY, March 8, 2016 - Volt Information Sciences, Inc. ("Volt" or "the Company") (NYSE-MKT:VISI),
an international provider of staffing services and information technology infrastructure services, today announced it has completed a sale-leaseback transaction for its office property in Orange, CA with Glassell Acquisition Partners LLC, a limited liability company formed by Hines, a global real estate investment management firm, and funds managed by Oaktree Capital Management L.P. The facility is currently utilized by Volt. In addition, the Company also completed the sale of its idle office facility in San Diego to a private commercial real estate investor.
The Orange, CA facility comprises four buildings totaling approximately 191,000 square feet of Class A office space. Terms of the transaction included a $35.9 million purchase price and a concurrent leaseback agreement with an initial term of 15 years, plus multiple renewal options. The property will continue to house approximately 400 Volt employees. After the repayment of mortgage indebtedness on the property along with transaction-related expenses and fees, Volt received net cash proceeds of approximately $27.1 million from the sale of the property.
The San Diego, CA office facility has approximately 19,000 square feet and generated a purchase price of $2.1 million. There was no mortgage on the property and net proceeds to Volt, after transaction-related expenses and fees, totaled $2.0 million.
"We are pleased to announce the completion of the sale-leaseback of the Orange facility and the sale of the idle office property in San Diego", said Michael Dean, Volt's President and Chief Executive Officer. "The divestiture of non-core assets, including real estate, is a key aspect of our initiative to streamline Volt's corporate structure and operational focus. Importantly, aggregate net cash proceeds of $29 million from the transactions, along with other actions to strengthen our balance sheet, have significantly improved our financial flexibility as we work to execute our turn-around strategy".
Information concerning this transaction was filed by Volt today with the Securities and Exchange Commission and can be obtained at
www.sec.gov
or the "Investors" section of Volt's website at
www.volt.com
.
About Volt Information Sciences, Inc.
Volt Information Sciences, Inc. is a global provider of staffing services (traditional time and materials-based as well as project-based), managed service programs, technology outsourcing services and information technology infrastructure services. Our staffing services consists of workforce solutions that include providing contingent workers, personnel recruitment services, and managed services programs supporting primarily professional administration, technical, information technology, light-industrial and engineering positions. Our managed service programs consist of managing the procurement and on-boarding of contingent workers from multiple providers. Our technology outsourcing services provide pre and post production development, testing and customer support to companies in the mobile, gaming, and technology devices industries. In addition, we provide information technology infrastructure services which provide server, storage, network and desktop IT hardware maintenance, data center and network monitoring and operations. Our complementary businesses offer customized talent, technology and consulting solutions to a diverse client base. Volt services global industries including aerospace, automotive, banking and finance, consumer electronics, information technology, insurance, life sciences, manufacturing, media and entertainment, pharmaceutical, software, telecommunications, transportation, and utilities. For more information visit www.volt.com.
Forward-Looking Statements
This press release contains forward-looking statements that are subject to a number of known and unknown risks, including, among others, general economic, competitive and other business conditions, the degree and timing of customer utilization and rate of renewals of contracts with the company, and the degree of success of business improvement initiatives that could cause actual results, performance and achievements to differ materially from those described or implied in the forward-looking statements. Information concerning these and other factors that could cause actual results to differ materially from those in the forward-looking statements are contained in company reports filed with the Securities and Exchange Commission. Copies of the company's latest Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, as filed with the Securities and Exchange Commission, are available without charge upon request to Volt Information Sciences, Inc., 1133 Avenue of the Americas, New York, New York 10036, Attention: Shareholder Relations, 212-704-7921. These and other SEC filings by the company are also available to the public over the Internet at the SEC's website at http://www.sec.gov and at the company's website at http://www.volt.com in the Investor & Governance section.
Investor Contacts:
Paul Tomkins
Volt Information Sciences, Inc.
voltinvest@volt.com
212-704-7921
Lasse Glassen
Addo Communications
lasseg@addocommunications.com
424-238-6249

text: Volt Information Sciences

text: Volt Information Sciences, Inc.

text: Glassell Acquisition Partners LLC

label: fund

text: Oaktree Capital Management L.P.

text: Volt Information Sciences, Inc.

text: Volt Information Sciences, Inc.

text: Volt Information Sciences, Inc.

text: Volt Information Sciences, Inc.


text:
EX-99.1
4
tm2026229d1_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
Elanco Animal Health
2500 Innovation Way
Greenfield, IN 46140
FOR IMMEDIATE RELEASE
Investor Contact: Tiffany Kanaga +1.302.897.0668
kanaga_tiffany@elanco.com
Media Contact: Colleen Parr Dekker +1.317.989.7011
colleen_parr_dekker@elanco.com
Elanco Closes Acquisition of Bayer Animal
Health
·
Scale and capabilities of the combined company position Elanco
for the long term as a leader in the attractive, durable animal health industry.
·
Combines Elanco's longstanding focus on the veterinarian
with Bayer Animal Health's direct-to-consumer expertise to open new opportunities to fuel growth. Enables Elanco to capitalize
on emerging trends accelerated by the COVID-19 pandemic, including pet owners' increased desire to access care and products
via online, retail, telemedicine, and direct to the doorstep.
·
Transaction strengthens Elanco's Innovation, Portfolio, Productivity
(IPP) strategy, advancing portfolio transformation to balance mix between the pet health and farm animal businesses.
·
Transaction valued at close at $6.89 billion, funded by $5.17 billion
in cash and 72.9 million shares to Bayer.
GREENFIELD, Ind.
(August 3, 2020) - Elanco
Animal Health Incorporated (NYSE: ELAN) today announced it has closed the acquisition of Bayer Animal Health. The transaction,
valued at $6.89 billion, expands Elanco's scale and capabilities, positioning the company for the long term as a leader in
the attractive, durable animal health industry.
"Nearly two years into our journey as an independent company,
we have made significant progress in creating a purpose-driven, independent global company dedicated to animal health - all
while weathering the century's most significant animal and human health pandemics: African Swine Fever and COVID-19,"
said Jeff Simmons, president and CEO of Elanco. "Delivering on the timely close of the acquisition and bringing momentum
into Day 1 in this challenging environment underscores the deep capability and disciplined execution from both companies".
"This milestone is another key step in Elanco's
journey. But, ultimately, today is about improving the lives of animals, people and improving the health of the planet. Pets and
protein have never been more important", Simmons said. "Food supply disruptions and increasing unemployment are driving
food security challenges around the world. At the same time, research shows increased time at home has changed the long-term relationship
between pets and their owners, as pets increasingly provide valuable emotional support. We know making life better for animals,
simply makes life better".
Meanwhile, the pandemic has accelerated key trends transforming
the industry, particularly pet owners' desire to access veterinary care and animal health products in a variety of forms,
from curbside care and telemedicine to online purchases shipped direct to the doorstep. The combination of Elanco and Bayer Animal
Health joins Elanco's existing strong relationship with the veterinarian with Bayer Animal Health's focus in retail
and online in order to create an omni-channel leader best positioned to serve veterinarians and pet owners where they want to shop.
This acquisition strengthens Elanco's Innovation, Portfolio,
Productivity (IPP) strategy, which the company has been executing on since before its IPO in 2018. Both companies come to closing
with a disciplined focus on the strategy and diligent execution to drive momentum.
·
Innovation:
Elanco's robust R&D pipeline is now bolstered
with five expected launch equivalents from Bayer - bringing Elanco's anticipated total to 25 by 2024 - with five
of those expected to launch by the end of 2021. The transaction also adds new R&D capabilities, including innovative dosing
and delivery technology platforms, and provides access rights to Bayer's Crop Science R&D pipeline and de-prioritized
clinical pharma assets.
·
Portfolio
: The combination expands Elanco's portfolio
to provide farmers, pet owners, and veterinarians more comprehensive animal health solutions. By combining Elanco's longstanding
focus on the veterinarian with Bayer's direct-to-consumer experience, the transaction opens new opportunities for growth
and expands Elanco's omni-channel presence, enabling the company to meet customers where and how they want to shop.
Pet Health:
The combination elevates Elanco's
pet business to approximately 50 percent of revenues and nearly triples the company's international pet health business.
This expanded portfolio of care provides for pets at all ages and stages, from disease prevention and wellness for the youngest
puppies to helping pets remain an active, central part of the family in their later years. The transaction also broadens Elanco's
pet parasiticide portfolio with topical treatments and collars, making the blockbuster Seresto collar Elanco's top product
globally.
Farm Animals:
The combined company brings together
complementary farm animal portfolios that position Elanco to serve an even broader spectrum of the industry and better leverage
data, and services for customers. The transaction adds a number of anchor cattle brands, enhances the company's global bio-protection
portfolio, and expands the company's aqua presence into warm water fish.
·
Productivity:
Elanco plans to leverage its extensive integration
experience - and ownership mindset - to efficiently and quickly integrate the new business. The combined company is
expected to generate significant operating cash flow as a result of the durable industry and resilient portfolios. While the timing
of achieving goals from the deal announcement have been impacted by the COVID-19 pandemic, the company still expects to deliver
$275 - $300 million in synergies by 2025.
"Most importantly, today is about the farmers, veterinarians,
and pet owners we serve. If COVID-19 has made anything clear - it's that the world has never needed animals and the
work farmers and veterinarians do more", Simmons said. "Together, we are better positioned to advocate for our customers,
to deliver solutions to their greatest unmet needs, so they can keep healthy, sustainably sourced meat, milk, fish and eggs in
the center of the dinner table and healthy, active pets in the center of families. Together, we have the potential to improve animal
health and the lives of billions".
Financing Terms
Upon close, Bayer AG received $5.17 billion in cash, comprised
of proceeds from the company's equity and tangible equity unit issuances in the first quarter of 2020 and debt financing
from the Term Loan B priced in the first quarter of 2020 that closed with the transaction closing. Additionally, approximately
72.9 million shares of Elanco Animal Health common stock were issued to Bayer AG. These shares will be subject to a lock up, where
Bayer cannot sell any shares for the first 90 days. In the second 90 days, 50 percent of shares are eligible for sale and the remainder
may be sold after 180 days. Moreover, Elanco has completed the required anti-trust divestures that had been previously announced.
The divested products had 2019 revenue in the range of $120 million to $140 million.
Advisors
Goldman Sachs acted as financial advisor to Elanco and Paul,
Weiss, Rifkind, Wharton & Garrison LLP, Hengeler Mueller and Slaughter and May acted as legal counsel to Elanco.
# # #
ABOUT ELANCO
Elanco Animal Health (NYSE: ELAN) is a global leader in animal
health dedicated to innovating and delivering products and services to prevent and treat disease in farm animals and pets, creating
value for farmers, pet owners, veterinarians, stakeholders, and society as a whole. With nearly 70 years of animal health heritage,
we are committed to helping our customers improve the health of animals in their care, while also making a meaningful impact on
our local and global communities. At Elanco, we're driven by our vision of Food and Companionship Enriching life and our
Elanco Healthy Purpose™ CSR framework - all to advance the health of animals, people and the planet. Learn more at
www.elanco.com.
Forward Looking Statements
This press release contains forward-looking statements (as
that term is defined in the Private Securities Litigation Reform Act of 1995) about our expectations concerning the combined Elanco
and Bayer Animal Health businesses, including the ability to generate significant operating cash flow, and reflects Elanco's
current belief. Forward-looking statements are based on our current expectations and assumptions regarding our business and other
future conditions. Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties,
risks and changes in circumstances that are difficult to predict. As a result, our actual results may differ materially from those
contemplated by the forward-looking statements. For further discussion of these and other risks and uncertainties, see Elanco's
most recent filings with the United States Securities and Exchange Commission. Except as required by law, Elanco undertakes no
duty to update forward-looking statements to reflect events after the date of this release.

text: Elanco

text:
Bayer Animal
Health

text: Elanco

text: Elanco

text: Bayer Animal Health

text: Elanco

text: Elanco

text:
Elanco
Animal Health Incorporated

text: Bayer Animal Health

text: Elanco

text: Jeff Simmons

text: Elanco

text: Elanco

text: Elanco

text:
Bayer Animal
Health

text: Elanco

text: Bayer Animal Health

text: Elanco

text: Elanco

text: Elanco

text: Elanco

text: Elanco

text: Elanco

text: Elanco

text: Elanco

text: Elanco

text: Elanco

text: Elanco

text: Elanco

text: Goldman Sachs

text: Elanco

text: Hengeler Mueller

text: Slaughter and May

text: Elanco

text: ELANCO

text: Elanco

text: Elanco

text: Elanco

text: Bayer Animal Health

text: Elanco

text: Elanco

text: Elanco


text:
EX-99.1
2
mur-20141222ex99168145d.htm
EX-99.1
Exhibit 991 Malaysia Sale
Exhibit 99.1
News Release dated December 18, 2014.
MURPHY OIL CORPORATION CLOSES FIRST PHASE OF
PARTIAL DIVESTITURE OF MALAYSIAN ASSETS
EL DORADO, Arkansas, December 18, 2014 - Murphy Oil Corporation (NYSE:MUR) announced today that its wholly owned subsidiaries, Murphy Sabah Oil Co., Ltd. and Murphy Sarawak Oil Co., Ltd. (collectively "Murphy"), have closed on the first phase of the sale of 30% of Murphy's Malaysian oil and gas assets to PT Pertamina Malaysia Eksplorasi Produksi ("Pertamina") that was originally announced on September 30, 2014. The first phase covers two-thirds of the transaction or 20% of Murphy's Malaysian oil and gas assets with the remaining portion scheduled to close in the first quarter of 2015. The transaction has an aggregate purchase price of $2.0 billion and an effective date of January 1, 2014.
Roger W. Jenkins, President and Chief Executive Officer, commented, "I am pleased to close on the first phase of this important transaction with Pertamina that marks the value of our long term Malaysian business. Obtaining the required approvals on schedule illustrates our long history and close working relationship with PETRONAS. We look forward to working with Pertamina and all of our partners in Malaysia as we move forward with our exploration and development plans in the region".
Tudor, Pickering, Holt & Co. served as exclusive financial advisor to Murphy on the transaction. Gibson, Dunn & Crutcher LLP acted as legal counsel to Murphy.
For further information contact Barry Jeffery 870-864-6501.
This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These statements, which express management's current views concerning future events or results, are subject to inherent risks and uncertainties. Factors that could cause one or more of the events forecasted in this press release not to occur include, but are not limited to, a deterioration in the business or prospects of Murphy, adverse developments in Murphy's markets, or adverse developments in the U.S. or global capital markets, credit markets or economies generally. Factors that could cause actual results to differ materially from those expressed or implied in our forward-looking statements include, but are not limited to, the volatility and level of crude oil and natural gas prices, the level and success rate of our exploration programs, our ability to maintain production rates and replace reserves, political and regulatory instability, uncontrollable natural hazards and a failure to execute currently contemplated dispositions on acceptable terms. For further discussion of risk factors, see both Murphy's 2013 Annual Report on Form 10-K and Form 10-Q for the quarterly period ended September 30, 2014, on file with the U.S. Securities and Exchange Commission. Murphy undertakes no duty to publicly update or revise any forward-looking statements.
####

text: MURPHY OIL CORPORATION

text: Murphy Oil Corporation

text: Murphy Sabah Oil Co., Ltd.

text: Murphy Sarawak Oil Co., Ltd.

text: Roger W. Jenkins

text: Tudor, Pickering, Holt & Co.

text: Gibson, Dunn & Crutcher LLP


text:
EX-99.2
5
ex99-2.htm
Exhibit
99.2
Unaudited
Pro Forma Consolidated Financial Statements
(Introductory
Note)
The
unaudited pro forma consolidated balance sheet as of December 31, 2014, and the unaudited pro forma consolidated statements of
operations for the fiscal year ended December 31, 2014, give effect to transactions by Diego Pellicer Worldwide, Inc., ("Diego
Pellicer") and Type 1 Media, Inc., ("Type1") occurring in connection with the Merger and include (a) the recapitalization
of Type1 and spin-off of pre-Merger assets and liabilities, and conversion of Diego Pellicer common into Type1 common stock which
occurred on March 11, 2015, and are based on the historical financial statements of Diego Pellicer, as if those transactions occurred
on December 31, 2014 for purposes of the pro forma consolidated balance sheet, and on the first day of the respective periods
for purposes of the pro forma consolidated statement of operations.
The
unaudited pro forma consolidated financial information is presented for illustrative purposes only and does not purport to represent
what Diego Pellicer actual results of operations or financial position would have been had the transactions actually been completed
on or at the beginning of the indicated periods, and is not indicative of future results of operations or financial condition.
The
historical financial information of Diego Pellicer for the fiscal year ended December 31, 2014 have been derived from the audited
financial statements for such period. The unaudited pro forma consolidated financial information should be read in conjunction
with Diego Pellicer 's audited consolidated financial statements and notes thereto. The pro forma adjustments are based
upon available information and assumptions that management believes are reasonable.
DIEGO
PELLICER WORLDWIDE, INC.
Unaudited
Pro Forma Balance Sheets
December
31, 2014
Diego Pellicer
Type 1
Worldwide, Inc.
Media, Inc.
December
31, 2014
December
31, 2014
Adjustments
Consolidated
Assets
Current assets:
Cash and
equivalents
$
33,101
$
25,473
$
(25,473
)
$
33,101
Prepaid expenses
8,946
-
-
8,946
Total
current assets
42,047
25,473
(25,473
)
42,047
-
Property and Equipment,
net
253,990
1,548
(1,548
)
253,990
Other assets:
Investment, at cost
525,567
-
-
525,567
Deposits
323,000
-
-
323,000
Total other assets
848,567
-
-
848,567
Total assets
$
1,144,604
$
27,021
$
(27,021
)
$
1,144,604
Liabilities and Stockholders'
Equity (Deficiency)
Current liabilities:
Accounts payable
$
298,939
$
65,178
(65,178
)
$
298,939
Accrued expenses -
related party
124,333
16,025
(16,025
)
124,333
Accrued Compensation
1,176,563
-
-
1,176,563
Deferred Revenue
53,000
-
-
53,000
Total
current liabilities
1,652,835
81,203
(81,203
)
1,652,835
Deferred revenue
424,000
-
-
424,000
Total Liabilities
2,076,835
81,203
(81,203
)
2,158,038
Stockholders' equity (deficiency):
Preferred stock
504
-
-
504
Common stock
1352
6
(6
)
1,352
Additional paid-in
capital
4,333,980
(1,778
)
1,778
4,333,980
Treasury shares, at
cost
(87,300
)
-
-
(87,300
)
Accumulated
deficit
(5,180,767
)
(52,410
)
52,410
(5,180,767
)
Total
stockholders' equity (deficiency)
(932,231
)
(54,182
)
54,182
(932,231
)
Total liabilities
and stockholders' equity
$
1,144,604
$
27,021
$
(27,021
)
$
1,171,625
DIEGO
PELLICER WORLDWIDE, INC.
Unaudited
Pro Forma Statements of Operations
December
31, 2014
Diego Pellicer
Type 1
Worldwide, Inc.
Media, Inc.
December
31, 2014
December
31, 2014
Adjustments
Consolidated
Revenues
$
48,567
$
52,033
$
(52,033
)
$
48,567
Operating Expenses (Net)
4,816,688
71,788
(71,788
)
4,816,688
Other Income
-
4,092
(4,092
)
-
Net Loss
$
(4,768,121
)
$
(15,663
)
$
15,663
$
(4,768,121
)
Diego
Pellicer Worldwide, Inc.
Notes
to Pro Forma Financial Statements
(Unaudited)
Note
1 - INTRODUCTION
Merger
On
March 11, 2015, Diego Pellicer Worldwide, Inc. (the "Company") entered into a Share Exchange Agreement with Type 1
Media, Inc. ("Type 1"). This transaction was closed on March 11, 2015, and each issued and outstanding share of common
stock of Type 1 was exchanged for one share of Diego Pellicer Worldwide, Inc.
Pursuant
to the share exchange:
●
Each issued and outstanding share of
common stock, par value $0.0001 per share, of Type 1 Media, Inc. will be converted into one share of Diego Pellicer Worldwide,
Inc. ("DPWW") common stock, $0.0001 par value per share ("DPWW Common Stock" or "DPWW Shares")
The
completion of the Share Exchange resulted in a change of control. The Share Exchange was accounted for as a reverse merger and
recapitalization. Type 1 was the acquirer for financial reporting purposes and the Company was the acquired company.
Consequently,
the assets and liabilities and the operations reflected in the historical financial statements prior to the Share Exchange were
those of Diego Pellicer Worldwide, Inc. and was recorded at its historical cost basis; and the consolidated financial statements
after completion of the Share Exchange included the assets and liabilities of the Company and Type 1 Media Inc. historical operations
of Type 1 Media Inc. and operations of the Company from the closing date of the Share Exchange
In
connection with the Share Exchange, all share and per share amounts have been retroactively restated to the earliest period presented.
Note
2 - PRO FORMA PRESENTATION
General
The
following unaudited pro forma combined balance sheets and income statements are based on historical financial statements of Type
1 Media Inc. as if the transaction had occurred during the period ended December 31, 2014, the date of accounting acquirer's
most recent period end.
The
unaudited pro forma combined financial statements are provided for information purposes only. The pro forma financial statements
are not necessarily indicative of what the financial position or results of operations actually would have been had the acquisition
been completed at the dates indicated below. In addition, the unaudited pro forma combined financial statements do not purport
to project the future financial position or operating results of the combined company. The unaudited pro forma combined financial
information has been prepared in accordance with the rules and regulations of the Securities and Exchange Commission.
For
pro forma purposes:
●
The unaudited Pro Forma Combined Balance
Sheets as of December 31, 2014 of the companies give effect to the transaction as if it had occurred at the beginning of the
most recent year/period ended; and
●
The unaudited Pro Forma Combined Statements
of Operations for the period ended December 31, 2014 combines the income statements of the companies for the indicated periods,
giving effect to the transaction as if it had occurred at the beginning of those periods.
These
unaudited pro forma combined financial statements and accompanying notes should be read in conjunction with the separate audited
financial statements of Type 1 Media Inc. as of and for the year ended December 31, 2014.

text: Diego Pellicer Worldwide, Inc.

text: Type 1 Media, Inc.

text:
DIEGO
PELLICER WORLDWIDE, INC.

text:
DIEGO
PELLICER WORLDWIDE, INC.

text:
Diego
Pellicer Worldwide, Inc.

text: Diego Pellicer Worldwide, Inc.

text:
Type 1
Media, Inc.

text: Diego Pellicer Worldwide, Inc.

text: Type 1 Media, Inc.

text:
Diego Pellicer Worldwide,
Inc.

text: Diego Pellicer Worldwide, Inc.