text:
EX-99.1
2
dex991.htm
PRESS RELEASE DATED 12/04/2006
Press Release dated 12/04/2006
Exhibit 99.1
For Immediate Release
VERI-TEK INTERNATIONAL, CORP. ACQUIRES ASSETS OF LIFTKING INDUSTRIES, INC.
WIXOM, MI December 4, 2006 Veri-Tek International, Corp.
("Veri-Tek" or the "Company") [AMEX: VCC] announced today that it has completed its previously announced acquisition of Liftking Industries, Inc., ("Liftking") headquartered in Woodridge (Toronto), Ontario.
Liftking manufactures a complete line of rough terrain forklifts and special mission oriented vehicles, as well as other specialized carriers, heavy material handling transporters and steel mill equipment. Liftking has over 6,000 units operating
worldwide and more than 170 dealer locations that sell and service Liftking units around the globe.
Liftking's assets were purchased by a
wholly-owned Canadian subsidiary of Veri-Tek ("Manitex Liftking"). The purchase price of $8.0 million (CAD), is subject to working capital adjustments, and was paid in a combination of stock and cash. In addition, VCC Canada assumed
certain trade payables and other liabilities of approximately $2.8 million (CAD). The book value of Liftking's assets as of closing is approximately $10.9 million (CAD). For the trailing twelve months ended July 30, 2006, Liftking
generated revenue of approximately $20.5 million (CAD).
Veri-Tek initiated its boom truck and lift platform earlier this year with the acquisition of
Manitex, Inc. ("Manitex"). Manitex is a leading provider of engineered lift solutions in North America. Manitex, based in Georgetown, Texas, designs, manufactures and markets a comprehensive line of boom trucks and sign cranes. Manitex is
forecasted to have sales of approximately $75 to $77.5 million in 2007. The Liftking acquisition is expected to have an accretive effect on 2007 earnings.
"We are very excited about the addition of Liftking to the Veri-Tek organization", commented David J. Langevin, Chairman & CEO of Veri-Tek. "We believe that Liftking is a natural addition to the Manitex boom truck
and lifting platform." Mr. Langevin also stated, "We believe that the integration of the Liftking organization will result in procurement efficiencies that provide reduced component costs and other synergies which will have an
immediate impact on the profitability to the Veri-Tek group of companies".
Mark Aldrovandi, who will remain as the President of Manitex Liftking,
confirmed his earlier statement that "We are happy to join the Veri-Tek and Manitex family. We believe Liftking has a bright future, and being part of the larger company will only
provide us greater opportunity to achieve our growth goals. Manitex and Liftking will be able to integrate customer
contacts, distribution and product knowledge to further develop market share and manufacturing efficiencies".
The VSTH Group, LLC acted as
exclusive financial advisor to Liftking. Headquartered in Charlotte, North Carolina, VSTH is a privately held merchant bank providing investment banking services and private equity investment backed by its own capital.
SAFE HARBOR STATEMENT
Safe Harbor Statement under the U.S.
Private Securities Litigation Reform Act of 1995: This release contains statements that are forward-looking in nature which express the beliefs and expectations of management. These forward-looking statements include statements relating to the
acquisition of Liftking and expected benefits. Such statements are based on current plans, estimates and expectations and involve a number of known and unknown risks, uncertainties and other factors that could cause the Company's future
results, performance or achievements to differ significantly from the results, performance or achievements expressed or implied by such forward-looking statements. Some, but not all of the risks include our ability to successfully integrate the
Liftking acquisition; the risk that we may not realize the expected benefits of the Liftking acquisition; as well as other factors, uncertainties, challenges, and risks detailed in Veri-Tek's public filings with the Securities and Exchange
Commission. This release should be evaluated in light of these important factors. Although we believe that these statements are based upon reasonable assumptions, we cannot guarantee future results. Forward-looking statements speak only as of the
date on which they are made, and the Company undertakes no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.
ABOUT VERI-TEK INTERNATIONAL, CORP.
Founded in 1993, Veri-Tek designs,
develops and builds specialty equipment for the automotive and heavy equipment industries utilizing patented and patent pending technology that identifies product defects and production problems early in our customers' manufacturing process.
The Company also provides testing services for automotive driveline products and can manufacture certain products for the automotive industry via proprietary manufacturing methods. Through its Manitex, Inc. subsidiary, Veri-Tek is a leading provider
of engineered lifting solutions in North America. Based in Georgetown, Texas, Manitex designs, manufacturers, and markets a comprehensive line of boom trucks and sign cranes. Manitex's boom trucks and crane products are primarily used for
industrial projects, energy exploration and infrastructure development, including, roads, bridges and commercial construction.
For Additional Information
Contact:
Michael C. Azar
Veri-Tek International, Corp.
248.220.2001

text: LIFTKING INDUSTRIES, INC.

text: Veri-Tek International, Corp.

text: Liftking Industries, Inc.

text: David J. Langevin

text: VSTH Group, LLC

text: VERI-TEK INTERNATIONAL, CORP.

text: Veri-Tek International, Corp.


dataset: buster

text:
EX-99.1
2
ex99_1.htm
EXHIBIT 99.1
Exhibit 99.1
South Plains Financial, Inc. Completes Acquisition of
West Texas State Bank, Odessa, Texas
LUBBOCK, Texas, November 12, 2019 (GLOBE NEWSWIRE) - South Plains Financial, Inc. (NASDAQ:SPFI) ("South Plains" or the "Company"), the parent company of City Bank,
completed its acquisition of West Texas State Bank ("WTSB") on November 12, 2019. Under the terms of the definitive agreement, WTSB shareholders were paid an aggregate of $76.1 million in cash merger consideration.
As of September 30, 2019, South Plains reported, on a consolidated basis, total assets of $2.8 billion, total deposits of $2.3 billion and total loans of $2.0 billion
and WTSB reported total assets of $430 million, total deposits of $375 million and total loans of $200 million. Based on financial information as of September 30, 2019, the combined company will have approximately $3.2 billion in total assets, 26
branch offices and 13 mortgage production offices across Texas and New Mexico.
Curtis Griffith, Chairman and Chief Executive Officer of South Plains, commented, "We are extremely excited to welcome WTSB's employees, loyal customers, and
communities to the South Plains family. WTSB has accomplished a great deal over the last 80 years, while providing a real commitment to the communities that they serve. Together, we will carry the same values, outstanding service and similar
cultures, while offering WTSB's customers an exciting array of new banking, mortgage, wealth management and trust products. Together, we intend to expand our position as a premier bank in West Texas as we work to build value for all of our
shareholders".
About South Plains Financial, Inc.
South Plains is the bank holding company for City Bank, a Texas state-chartered bank headquartered in Lubbock, Texas. City Bank is one of the largest independent
banks in West Texas and has additional banking operations in the Dallas and El Paso markets, as well as in the Greater Houston, the Permian Basin, and College Station Texas markets, and the Ruidoso and Eastern New Mexico markets. South Plains
provides a wide range of commercial and consumer financial services to small and medium-sized businesses and individuals in its market areas. Its principal business activities include commercial and retail banking, along with insurance,
investment, trust and mortgage services. Please v
isit
https://www.spfi.bank
f
or more information.
Forward Looking Statements
This press release contains forward-looking statements. These forward-looking statements reflect South Plains' current views with respect to, among other things, the
completion of its acquisition of WTSB and other future events. Any statements about South Plains' expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be
forward-looking. These statements are often, but not always, made through the use of words or phrases such as "anticipate", "believes", "can", "could", "may", "predicts", "potential", "should", "will", "estimate", "plans", "projects,"
"continuing", "ongoing", "expects", "intends" and similar words or phrases. South Plains cautions that the forward-looking statements in this press release are based largely on South Plains' expectations and are subject to a number of known and
unknown risks and uncertainties that are subject to change based on factors which are, in many instances, beyond South Plains' control. Additional information regarding these risks and uncertainties to which South Plains' business and future
financial performance are subject is contained in South Plains' Prospectus filed with the U.S. Securities and Exchange Commission ("SEC"), dated May 8, 2019 ("Prospectus"), and other documents South Plains files with the SEC from time to time.
South Plains urges readers of this press release to review the Risk Factors section of that Prospectus and the Risk Factors section of other documents South Plains files with the SEC from time to time. Actual results, performance or achievements
could differ materially from those contemplated, expressed, or implied by the forward-looking statements due to additional risks and uncertainties of which South Plains is not currently aware or which it does not currently view as, but in the
future may become, material to its business or operating results. Due to these and other possible uncertainties and risks, readers are cautioned not to place undue reliance on the forward-looking statements contained in this press release. Any
forward-looking statements presented herein are made only as of the date of this press release, and South Plains does not undertake any obligation to update or revise any forward-looking statements to reflect changes in assumptions, new
information, the occurrence of unanticipated events, or otherwise, except as required by law.
Contact:
Mikella Newsom, Chief Risk Officer and Secretary
investors@city.bank
(866) 771-3347
Source: South Plains Financial, Inc.

label: organization

text: South Plains Financial, Inc.

text: West Texas State Bank

text: South Plains Financial, Inc.

text: West Texas State Bank

label: person

text: Curtis Griffith

text: South Plains Financial, Inc.

text: South Plains Financial, Inc.

source_dataset: expertai/BUSTER

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


text:
EX-99.1
3
d597782dex991.htm
EX-99.1
EX-99.1
Exhibit 99.1
For release:
July 29, 2019, 6:00 a.m. EDT
Contact:
Justin Roberts, Investor Relations
Jack Isselmann, Public Relations
503-684-7000
Greenbrier Completes Acquisition of Manufacturing Business of
American Railcar Industries
~ Grows Greenbrier's total U.S. employment base by 66 percent ~
~ Geographic diversity/broader product portfolio provide efficiencies and access to new markets ~
~ ARI's O'Bryan joins Greenbrier in senior manufacturing role ~
Lake Oswego, Oregon,
July 29, 2019
- The Greenbrier Companies, Inc. (NYSE: GBX) today announced it
completed its acquisition of the manufacturing business of American Railcar Industries (ARI) from ITE Management LP (ITE) on July 26, 2019, substantially consistent with the terms of the parties' agreement reached in April. These
operations will be fully incorporated into Greenbrier's North American business model both from a manufacturing and commercial perspective.
Greenbrier's U.S. workforce totals approximately 4,000 people, including nearly 1,600 U.S. workers joining from ARI. Prior to the
acquisition, Greenbrier's U.S. employment included manufacturing and corporate jobs in Oregon and employees located throughout the nation in Leasing & Services and Wheels, Repair & Parts. Greenbrier adds two railcar
manufacturing facilities in Paragould and Marmaduke, Arkansas, as well as manufacturing and administrative employees in St. Charles, Missouri. It adds other operations in Jackson and Kennet, Missouri and Longview, Texas which produce a range of
railcar components and parts, creating enhanced vertical integration for Greenbrier's manufacturing operations. In addition to substantially increasing Greenbrier's U.S.-based workforce, the newly-added operations provide us domestic
capacity that insulates Greenbrier from uncertainties related to free trade in North America.
The combination provides Greenbrier a more
complete product offering in tank cars and covered hoppers through Greenbrier's integrated business model. Operating lessors, shippers and railroads, all core to Greenbrier's customer base, can now access Greenbrier's broad range of
railcar products through either direct sales or creative lease financing solutions, paired with a broad range of after-market services. Geographic expansion provides railcar customers a value proposition that drives efficiencies and lower costs,
such as improved transportation options for finished products. The addition of the ARI manufacturing operations extends Greenbrier's reputation in design leadership and quality in the North American freight railcar market.
William A. Furman, Chairman and CEO said, "Acquiring the manufacturing operations of ARI is a major milestone for Greenbrier. The
transaction advances three of our strategic goals: strengthening our presence in the North American rail equipment market, growing at scale and developing a robust talent pipeline. This is Greenbrier's greatest expansion effort yet. We value
the contributions of employees of both Greenbrier and ARI, our shared customers and other partners who have made this combination possible and who will help us continue to grow".
- More -
Greenbrier completes ARI manufacturing acquisition
(Cont.)
...
Page 2
Furman added, "We thank ITE for working with us on this transaction. Greenbrier looks
forward to continuing its relationship with ITE as well as the other operating lessors and syndication partners we are honored to serve. With ITE's support, we are taking steps to ensure a smooth transition of the ARI manufacturing operations,
including assistance from ITE Partner and ARI former CEO, Jim Unger. John O'Bryan, the most recent President and CEO of ARI, joins Greenbrier as Senior Vice President of Business Development and Integration reporting to Alejandro Centurion,
Executive Vice President & President of Global Manufacturing Operations. O'Bryan's tenure at ARI and three decades of rail industry experience in operating and financial roles, provides helpful continuity and strengthens our
management team. Greenbrier manufacturing veteran Owen Whitehall will be directly responsible for oversight of all North American manufacturing facilities, also reporting to Centurion".
About Greenbrier
Greenbrier,
headquartered in Lake Oswego, Oregon, is a leading international supplier of equipment and services to global freight transportation markets. Greenbrier designs, builds and markets freight railcars and marine barges in North
America. Greenbrier Europe is an
end-to-end
freight railcar manufacturing, engineering and repair business with operations in Poland,
Romania and Turkey that serves customers across Europe and in the nations of the Gulf Cooperation Council. Greenbrier builds freight railcars and rail castings in Brazil through two separate strategic
partnerships. We are a leading provider of freight railcar wheel services, parts, repair, refurbishment and retrofitting services in North America through our wheels, repair & parts business unit. Greenbrier offers railcar
management, regulatory compliance services and leasing services to railroads and related transportation industries in North America. Through unconsolidated joint ventures, we produce industrial and rail castings, tank heads and other
components. Greenbrier owns a lease fleet of 10,600 railcars and performs management services for about 375,000 railcars. Learn more about Greenbrier at
www.gbrx.com
.
UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: This press release may contain forward-looking statements, including any
statements that are not purely statements of historical fact. Greenbrier uses words such as "affirms", "anticipates", "believes", "forecast", "potential", "goal,"
"contemplates", "expects", "intends", "plans", "projects", "hopes", "seeks", "estimates", "strategy", "could", "would", "should,"
"likely", "will", "may", "can", "designed to", "future", "foreseeable future" and similar expressions to identify forward-looking statements. These forward-looking statements are
not guarantees of future performance and are subject to certain risks and uncertainties that could cause actual results to differ materially from the results contemplated by the forward-looking statements. Factors that might cause such a difference
include, but are not limited to, reported backlog and awards that are not indicative of Greenbrier's financial results; uncertainty or changes in the credit markets and financial services industry; high levels of indebtedness and
compliance with the terms of Greenbrier's indebtedness; write-downs of goodwill, intangibles and other assets in future periods; sufficient availability of borrowing capacity; fluctuations in demand for newly manufactured railcars or
failure to obtain orders as anticipated in developing forecasts; loss of one or more significant customers; customer payment defaults or related issues; policies and priorities of the federal government regarding international trade, taxation and
infrastructure; sovereign risk to contracts, exchange rates or property rights; actual future costs and the availability of materials and a trained workforce; failure to design or manufacture new products or technologies or to achieve certification
or market acceptance of new products or technologies; steel or specialty component price fluctuations and availability and scrap surcharges; changes in product mix
- More -
Greenbrier completes ARI manufacturing acquisition
(Cont.)
...
Page 3
and the mix between segments; labor disputes, energy shortages or operating difficulties that might disrupt
manufacturing operations or the flow of cargo; production difficulties and product delivery delays as a result of, among other matters, costs or inefficiencies associated with expansion,
start-up,
or changing
of production lines or changes in production rates, changing technologies, transfer of production between facilities or
non-performance
of alliance partners, subcontractors or suppliers; ability to obtain
suitable contracts for the sale of leased equipment and risks related to car hire and residual values; integration of current or future acquisitions and establishment of joint ventures; succession planning; discovery of defects in railcars or
services resulting in increased warranty costs or litigation; physical damage or product or service liability claims that exceed Greenbrier's insurance coverage; train derailments or other accidents or claims that could
subject Greenbrier to legal claims; actions or inactions by various regulatory agencies including potential environmental remediation obligations or changing tank car or other railcar or railroad regulation; and issues arising from
investigations of whistleblower complaints; all as may be discussed in more detail under the headings "Risk Factors" and "Forward Looking Statements" in Greenbrier's Annual Report on Form
10-K
for the fiscal year ended August 31, 2018, Greenbrier's Quarterly Report on Form
10-Q
for the fiscal quarter ended May 31, 2019,
and Greenbrier's other reports on file with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's opinions only as of the date
hereof. Except as otherwise required by law, Greenbrier does not assume any obligation to update any forward-looking statements.
# # #

text: Greenbrier

text: American Railcar Industries

text: Greenbrier

text: Greenbrier

text: The Greenbrier Companies, Inc.

text: American Railcar Industries

label: fund

text: ITE Management LP

override: fund

text: Greenbrier

text: Greenbrier

text: Greenbrier

text: Greenbrier

text: Greenbrier

text: Greenbrier

text: Greenbrier

text: Greenbrier

text: Greenbrier

text: Greenbrier

text: Greenbrier

text: Greenbrier

text: William A. Furman

text: Greenbrier

text: Greenbrier

text: Greenbrier

text: Greenbrier

text: Greenbrier

text: Greenbrier

text: Greenbrier

text: Greenbrier

text: Greenbrier

text: Greenbrier

text: Greenbrier

text: Greenbrier

text: Greenbrier

text: Greenbrier

text: Greenbrier

text: Greenbrier

text: Greenbrier

text: Greenbrier

text: Greenbrier

text: Greenbrier

text: Greenbrier

text: Greenbrier

text: Greenbrier

text: Greenbrier

text: Greenbrier


text:
EX-99.1
6
grwc_ex99z1.htm
EXHIBIT 99.1
For Immediate Release
Contact: AF1 Public Relations
July 24 2019
702-908-0018
www.growcapitalinc.com
Grow Capital, Inc Formally Acquires Bombshell Technologies
Henderson, NV - Grow Capital, Inc (OTCPK:GRWC) (GRWC) today filed an 8-K with the Securities and Exchange Commission to announce their acquisition of Bombshell Technologies.
"We identified our first acquisition in the FinTech space, stayed the course of our strategy and are proud to report this deal is closed", said CEO Jonathan Bonnette.
The valuation of Bombshell Technologies was determined by a third party independent auditor to be $9,030,000. Grow Capital purchased the company in stock for the share price of $0.08159 per share, plus possible additional earn-out consideration of as much as $3,000,000 in additional shares at the same price over the next three years. The price was determined using the thirty (30) day volume weighted average price (the "VWAP") calculated through March 12, 2019, the effective date of the letter of intent for the Exchange.
GRWC now owns 100 percent of the shares of Bombshell Technologies, a premier software development service provider with a focus on the financial services sector. Bombshell Technologies has operations in both Nevada and Louisiana. Bombshell Technologies provides software to several massive financial services organizations and leads the way on innovative industry-specific solutions for sales teams and management.
Bombshell's current software suite delivers customized back office compliance, sophisticated multi-pay commission processing, and revolutionized new client application submission system, along with digital engagement marketing services centric to financial services.
"Bombshell's team and business model is ripe for growth", said chairman of GRWC James Olson. "We are now formally a FinTech holding company and following the exact plan we've outlined. This provides evidence to our stakeholders we follow through on our plans and commitments".
###
Learn more about Bombshell Technologies suite of products here:
www.bombshelltechnologies.com
About Grow Capital, Inc
: Grow Capital, Inc is a publicly traded company listed under the symbol GRWC. Formally Grow Condos, we have announced new leadership, rebranded, relocated our headquarters and have expanded into acquiring and developing the best professional technology and financial services companies.
To be added to the distribution list please email info@growcapitalinc.com with "GRWC" in the subject line.
Forward Looking Statements Disclaimer: This release may contain statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Grow Capital, Inc's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Such forward -looking statements include the words "seek", "grow" "plan" and other expressions of a forward-looking nature. More information about
the potential factors that could affect the business and financial results is and will be included in Grow Capital, Inc's filings with the OTC Markets, Securities and Exchange Commission and/or posted on the company's website.

text: Grow Capital, Inc

override: organization

text: Bombshell Technologies

text: Grow Capital, Inc

text: Bombshell Technologies

text: Bombshell Technologies

text: Bombshell Technologies

text: Bombshell Technologies

text: Bombshell Technologies

text: Bombshell Technologies

text: Grow Capital, Inc

text: Grow Capital, Inc

text: Grow Capital, Inc

text: Grow Capital, Inc


text:
EX-99.2
6
a07-31682_1ex99d2.htm
EX-99.2
Exhibit 99.2
Company Contact:
Investor Relations Contact:
Wayne
Wetherell
Christiane Pelz
ImageWare Systems, Inc.
Lippert/Heilshorn & Associates
858-673-8600
(415)
433-3777
cpelz@lhai.com
For Immediate Release
ImageWare
Systems Announces Completion of Sol Logic, Inc. Acquisition
-
Technology Enables Real-time Voice Recognition and Multiple Language
Translation; Agnostic
Platform Complements Biometric Product Portfolio -
SAN DIEGO, CA, Dec. 20, 2007
- ImageWare®
Systems, Inc. (AMEX: IW), a leading developer of
identity management solutions, acquired the assets of Sol Logic, Inc., a
leader in real-time voice recognition and language translation technology, for
$3.2 million. The purchase price will be paid in shares of restricted common
stock, to be issued in two tranches over a six-month
period. Frank R. Mitchell, the CEO of Sol Logic, will join ImageWare's
management team.
ImageWare will integrate Sol Logic's technology into its
biometric platform which includes real-time voice recognition, multiple
language translation and voice analytics capabilities, as well as support for
multilingual chat, distributed speed for MeshNet and
document exploitation. Not only will it enable users to capture and manage
biometric identities using multiple biometrics and multiple hardware platforms,
but also provide language translation and voice recognition capabilities
whereby an English-speaking user can be understood in numerous languages
including Spanish, German, French, Korean, Arabic, and many more. The company's
intelligence, defense, public safety and border control customers will now have
the ability to deploy a truly powerful and mobile, multi-biometrics
identification solution.
"We are very excited about this acquisition which will
strengthen ImageWare's position as an innovator in
the industry. Sol Logic's unique technology will enable ImageWare
to add real-time voice recognition, multiple language translation and voice
analytics capabilities to our biometric offerings", said Jim Miller, ImageWare's chairman and CEO. "In addition, Frank's
experience and his proven track record in developing reliable, combat-proven
and field proven technologies for military forces will be a great complement to
our executive team. His leadership skills and strategic planning will add
immediate value and additional insight into the biometric identity management
market.
"Furthermore, with this acquisition, we expect to
regain AMEX compliance. We plan to appeal AMEX's
determination and will immediately request an oral hearing before an AMEX
Listing Qualifications panel", Miller added. "The initiatives we have put in
place over the last year are each part of a strategic plan to create long-term
growth and sustainable value for our shareholders. These initiatives include
the advancement of our biometric product portfolio and distribution channels;
and new and improved relationships with the top systems integrators such as
Honeywell, SAIC, Unisys and GE Security".
- more -
Mitchell, who will serve as a Vice President on ImageWare's management team added, "As an expert in the
biometric field, ImageWare has built relationships
with the government and large systems integrators. As such, it can leverage its resources to
market and distribute this voice recognition and translation technology as a
stand alone product or expand its application by integrating it into other
products. We are excited to become part
of ImageWare and the opportunity to grow our market".
Mitchell founded Sol Logic Incorporated in 2001 and
has served as its president and chief technologist since its inception. From 1995 to 2001, he was chief architect and
programs director within the Boeing Companies Phantom Works Division and
Integrated Defense Systems. In this
position he led both tactical and enterprise level integration, developmental
research, and programs for the DoD, NATO and
commercial venues. Prior to Boeing, from
1980 to 1995, Mitchell served in the cryptologic and
intelligence field in the US Navy, where he had permanent and temporary land,
sea and air assignments in Europe, the Far East, the Middle East and CONUS. He is the
recipient of numerous medals and awards, including: the Defense Meritorious
Service Medal; Joint Service Commendation Medal; the Navy Commendation Medal;
Joint Service Achievement Medal (2
nd
Award); Navy Achievement Medal;
two Combat Action Ribbons; US Coast Guard Special Operations Ribbon; the
Humanitarian Service Medal; and the Armed Forces Expeditionary Medal. Mitchell holds a BA in mathematics from the
University of San Diego and Masters in Mathematics from the University of
California, Irvine.
About Sol Logic, Inc.
Sol Logic is an advanced technology integration and
development solutions provider focused on exploiting new and proven
technologies to produce critical and next-generation solutions that allow its
customers to perform tasks more efficiently in a global environment. Sol Logic Incorporated is headquartered in
Prescott, AZ, with offices in Quantico, VA.
About ImageWare
Systems, Inc.
ImageWare Systems, Inc. (AMEX:IW)
is a leading developer of identity management solutions, providing biometric,
secure credential and law enforcement technologies. Scalable for worldwide
deployment, the Company's biometric product line includes a multi-biometric
engine that is hardware and algorithm independent, enabling the enrollment and
management of unlimited population sizes. ImageWare's
identification products are used to manage and issue secure credentials
including national IDs, passports, driver licenses, smart cards and access
control credentials. ImageWare's digital booking
products provide law enforcement with integrated mug shot, fingerprint Livescan and investigative capabilities. ImageWare is headquartered in San Diego, with offices in
Washington DC and Canada. For more information, visit www.iwsinc.com.
Safe Harbor
Statement
This news release may contain forward-looking statements
made pursuant to the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995. While
these statements are meant to convey to the public the company's progress,
business opportunities and growth prospects, readers are cautioned that such
forward-looking statements represent management's opinion. While management believes such representation
to be true and accurate based on the information available to the company,
actual results may differ materially from those described. There are a number
of important factors that could cause actual results or events to differ
materially from those indicated by such forward looking statements, including
general risks associated with acquiring assets, the ability of the Company to
successfully integrate the Acquired Assets, the Company's ability to retain Sol
Logic's assumed contracts, as well as maintain relationships with Sol Logic's
partners, vendors and customers, risks related to realizing anticipated
synergies after the transaction, the potential adverse effect of other
economic, business, and/or competitive factors on the Company, the Company's
ability to retain qualified personnel after the transaction, and competitive
pressures, including pricing and new product and service offerings. The
company's operations and business prospects are always subject to risks and
uncertainties. Important facts that may cause actual results to differ are set
forth in the company's periodic filings with the U.S. Securities and Exchange
Commission.
# # #

text: ImageWare Systems

text:
ImageWare
Systems

text: Sol Logic, Inc.

text:
ImageWare®
Systems

text: Sol Logic, Inc.

text: Sol Logic

text: ImageWare

text: ImageWare

text: Sol Logic

text: ImageWare

text: Sol Logic

text: ImageWare

text: ImageWare

text: ImageWare

text: ImageWare

text: ImageWare

text: Sol Logic

text: Sol Logic, Inc.

text: Sol Logic

text: Sol Logic

text:
ImageWare
Systems

text: ImageWare Systems

text: ImageWare

text: ImageWare

text: ImageWare

text:
Sol
Logic

text: Sol Logic


text:
EX-99.1
2
g07684exv99w1.htm
EX-99.1 PRESS RELEASE
EX-99.1 Press Release
For Immediate Release
TERREMARK WORLDWIDE COMPLETES
ACQUISITION OF DATA RETURN
.
Strong Economics of Data Return's Infinistructure™ Utility Computing Architecture
and digitalOps
®
Systems Management Platform Drive Increased Revenue Yield
.
Cross-Selling of Combined Customer Base Accelerates Market Penetration
Miami, FL. - May 29, 2007
- Terremark Worldwide, Inc. (Nasdaq:TMRK) the leading global
operator of carrier-neutral integrated Internet Exchanges and provider of managed IT infrastructure
solutions utilizing cutting edge virtualization and utility computing technologies, today
announced that it has completed the acquisition of Data Return, LLC. Data Return is an established
leader in the field of managed services and a pioneer in leveraging the power of virtualization to
provide utility-enabled managed solutions. The company is positioned in the Leaders Quadrant of
Gartner's 2006 North American Web Hosting Magic Quadrant along with such companies as IBM and AT&T.
"Although corporate and government leaders have already embraced the value of virtualization in IT
environments, this trend is just beginning and we see tremendous market opportunities to deliver
virtualized IT solutions to enterprises and government customers", said Manuel D. Medina,
Terremark's Chairman and CEO. "Two of the most compelling value propositions for virtualized
infrastructure solutions are the immediate reductions in total cost of ownership and simplified
business continuity and disaster recovery considerations. We see numerous opportunities to
cross-sell the new combined customer base, including both enterprise and Federal government
customers, and we expect the addition of Data Return to allow us to increase square foot revenue
yields within our facilities".
Medina continued, "With the acquisition of Data Return, the majority of our revenue base is now
managed services, precisely aligned with our vision that data center space represents only one
component of a fully managed IT solution".
Value of Data Return's Managed Service Offerings
Data Return's enterprise-class managed hosting solutions offer compelling
unit economics, with annual revenue yields ranging from $12,000 per square foot to over $15,000 per
square foot and gross profit margins ranging from 40% to 60%. These revenue yields represent a
significant increase over Terremark's current annual revenue yield of approximately $1,500 per
square foot. For the calendar year 2006, Data Return posted revenues of approximately $55 million
and has experienced acceleration in new bookings over the past several quarters due to its superior
product set coupled with the strong trends driving the industry, including the proliferation of the
Internet, Web 2.0, and regulatory drivers, as well as the increasing desire to outsource IT
infrastructure requirements.
Terremark will maintain Data Return's offices and Network Operations Center in Dallas, Texas,
complementing and providing additional redundancy to current Terremark's operations in Florida,
Virginia and California.
Terremark Financing Update
Over the past 90 days, Terremark has been executing its three step financing plan. The first step
was completed during March 2007 when Terremark raised approximately $90 million in a secondary
equity offering. The second step completed during April 2007 was a private exchange in which a
majority of its 9% convertible notes were exchanged for 6.625% notes with an extended maturity date
of June 2013, while maintaining the $12.50 per share conversion price. The third step in
Terremark's plan is the refinancing of its existing Mortgage Debt and Senior Notes. Terremark's
NAP of the Americas facility in Miami was recently appraised at a value of approximately $250
million. The company intends to leverage this strategic asset to (i) accomplish this refinancing
and (ii) raise additional debt capital to complete the funding of its planned expansions in
Culpeper, Virginia and Silicon Valley.
Terremark will provide additional information regarding the Data Return acquisition; debt
refinancing; geographic expansion plans and its revised outlook for fiscal year 2008 on its regular
earnings conference call scheduled for June 14, 2007.
About Terremark Worldwide, Inc.
Terremark Worldwide, Inc. (Nasdaq:TMRK) is the leading global operator of carrier-neutral
integrated Internet Exchanges and provider of managed IT infrastructure solutions utilizing cutting
edge virtualization and utility computing technologies.
Terremark provides the ultimate in managed
IT services to customers around the world, delivering its portfolio of services from the United
States, Europe and Latin America. Terremark's utility computing platform, Infinistructure™, has
redefined the standards for scalable, flexible, high-performance managed infrastructure, and its
innovative digitalOps
®
service delivery platform provides a comprehensive systems management
solution for mission-critical IT operations. Terremark delivers a complete range of solutions from
collocation, exchange point, managed hosting and security services, to a suite of fully managed IT
solutions for government and enterprise. More information about Terremark Worldwide can be found at
http://www.terremark.com.
Statements contained in this press release may constitute "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. Terremark's actual results may
differ materially from those set forth in the forward-looking statements due to a number of risks,
ability to cross-sell across an acquired customer base, ability to increase revenue yields within
facilities, ability to refinance existing debt, uncertainties and other factors, as discussed in
Terremark's filings with the SEC. These factors include, without limitation, Terremark's ability to
obtain funding for its business plans, uncertainty in the demand for Terremark's services or
products and Terremark's ability to manage its growth. Terremark does not assume any obligation to
update these forward-looking statements.
Contacts:
Terremark Worldwide, Inc., Miami
Media Relations
Sandra González-Levy
Edelman
305-860-7829
Brad Pick
sgonzalez-levy@terremark.com
305-358-3767
brad.pick@edelman.com
Investor Relations
JoAnn Horne
415-445-3233
joann@marketstreetpartners.com

text: TERREMARK

text: DATA RETURN

text: Data Return

text: Terremark Worldwide, Inc.

text: Data Return, LLC

text: Data Return

text: Terremark

text: Data Return

text: Data Return

text: Data Return

text: Data Return

text: Terremark

text: Data Return

text: Terremark

text: Data Return

text: Terremark

text: Terremark

text: Terremark

text: Terremark

text: Terremark

text: Terremark

text: Terremark

text: Data Return

text: Terremark Worldwide, Inc.

text: Terremark Worldwide, Inc.

text: Terremark

text: Terremark

text: Terremark

text: Terremark

text: Terremark

text: Terremark

text: Terremark

text: Terremark

text: Terremark

text: Terremark Worldwide, Inc.


text:
EX-99.2
5
a11-32464_1ex99d2.htm
EX-99.2
Exhibit 99.2
MarkWest Energy Partners, L.P.
Contact:
Frank Semple, Chairman, President &
CEO
1515 Arapahoe Street
Nancy Buese
, Senior VP and CFO
Tower 1, Suite 1600
Dan Campbell, VP of Finance & Treasurer
Denver, CO 80202
Phone:
(866) 858-0482
E-mail:
investorrelations@markwest.com
MarkWest Energy Partners Announces $150 Million Credit Facility Increase
DENVER-December 29-MarkWest Energy Partners, L.P. (NYSE: MWE) announced today the execution of a $150 million increase to its senior secured revolving credit facility, increasing total borrowing capacity to $900 million. The revolving credit facility, which matures in September 2016, is supported by a syndicate of 18 banks led by Wells Fargo Securities, LLC and RBC Capital Markets as Joint Lead Arrangers and Joint Lead Bookrunners.
"We are pleased to increase the borrowing capacity of our revolving credit facility, which provides us with additional financial flexibility to continue pursuing our growth strategy", stated Frank Semple, Chairman, President and Chief Executive Officer. "We appreciate the continued support of the strong lender group in our credit facility".
###
MarkWest Energy Partners, L.P. is a master limited partnership engaged in the gathering, transportation, and processing of natural gas; the transportation, fractionation, marketing, and storage of natural gas liquids; and the gathering and transportation of crude oil. MarkWest has extensive natural gas gathering, processing, and transmission operations in the southwest, Gulf Coast, and northeast regions of the United States, including the Marcellus Shale, and is the largest natural gas processor and fractionator in the Appalachian region.
This press release includes "forward-looking statements." All statements other than statements of historical facts included or incorporated herein may constitute forward-looking statements. Actual results could vary significantly from those expressed or implied in such statements and are subject to a number of risks and uncertainties. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. The forward-looking statements involve risks and uncertainties that affect our operations, financial performance, and other factors as discussed in our filings with the Securities and Exchange Commission. Among the factors that could cause results to differ materially are those risks discussed in the periodic reports we file with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2010, and our Quarterly Reports on Form 10-Q for the quarters ended June 30, 2011, and September 30, 2011. You are urged to carefully review and consider the cautionary statements and other disclosures made in those filings, specifically those under the heading "Risk Factors." We do not undertake any duty to update any forward-looking statement except as required by law.

text: MarkWest Energy Partners, L.P.

text: Frank Semple

text: Dan Campbell

text: MarkWest Energy Partners

text: MarkWest Energy Partners, L.P.

text: Wells Fargo Securities, LLC

text: RBC Capital Markets

text: Frank Semple

text: MarkWest Energy Partners, L.P.


text:
EX-99.2
4
ex992form8k090804.txt
PRESS RELEASE DATED SEPTEMBER 9, 2004
Exhibit 99.2
NEWS BULLETIN
RE: Headwaters Incorporated
from 10653 South River Front Parkway, Suite 300
South Jordan, UT 84095
FINANCIAL (801) 984-9400
RELATIONS BOARD NASDAQ: HDWR
--------------------------------------------------------------------------------
FOR FURTHER INFORMATION
AT THE COMPANY: AT FINANCIAL RELATIONS BOARD:
Sharon Madden Tricia Ross
Director of Investor Relations Analyst Contact
(801) 984-9400 (716) 520-7064
FOR IMMEDIATE RELEASE:
SEPTEMBER 9, 2004
HEADWATERS INCORPORATED'S COMPENSATION COMMITTEE GRANTS STOCK OPTIONS
TO MANAGEMENT OF TAPCO HOLDINGS, INC.
SOUTH JORDAN, UTAH, SEPTEMBER 9, 2004 - HEADWATERS INCORPORATED (NASDAQ: HDWR),
today announced that the Compensation Committee of Headwaters' Board of
Directors has granted incentive stock options to certain employees of Tapco,
acquired yesterday, September 8, 2004. The options were granted outside of any
stock incentive plan of the Company. When vested, the options will allow the
employees to purchase common stock of Headwaters at an exercise price of $28.49
per share. The options will vest over four and one-half years, vesting 20% on
March 31, 2005 and each anniversary of that date, becoming fully vested in 2009.
In the case of Mr. Schiedegger, the options will vest over two and one-half
years, vesting 33% on March 31, 2005 and each anniversary of that date, becoming
fully vested in 2007. The options will expire in 10 years, if not exercised. The
recipients of the options, and the number of options granted are as follows:
John N. Lawless, III 125,000
Charles E. Schiedegger 50,000
Robert C. Sawyer 40,000
David S. Ulmer 40,000
Patrick F. Dunn 30,000
William G. Barr 10,000
Tracey Lee Anderson 3,000
Barton K. Gentsch 3,000
Alan B. Gurney 3,000
Thomas A. Ward 3,000
-more-
Page 2 of 2
Headwaters expects to register these options with the SEC on Form S-8.
About Headwaters Incorporated
Headwaters Incorporated is a world leader in creating value through innovative
advancements in the utilization of natural resources. The Company is focused on
providing services to energy companies, conversion of fossil fuels into
alternative energy products, and adding value to energy. Headwaters generates
revenue from managing coal combustion products (CCPs) and from licensing its
innovative chemical technology to produce an alternative fuel. Through its CCP
business, fly ash building products business, and its solid alternative fuels
business, the Company earns a growing revenue stream that provides the capital
needed to expand and acquire synergistic new business opportunities.
Forward Looking Statements
Certain statements contained in this report are forward-looking statements
within the meaning of federal securities laws and Headwaters intends that such
forward-looking statements be subject to the safe-harbor created thereby.
Forward-looking statements include Headwaters' expectations as to the managing
and marketing of coal combustion products and building products, operation of
facilities utilizing alternative fuel technologies, the marketing of synthetic
fuels, the receipt of licensing fees, royalties, and product sales revenues, the
development, commercialization, and financing of new technologies and other
strategic business opportunities and acquisitions, and other information about
Headwaters. Such statements that are not purely historical by nature, including
those statements regarding Headwaters' future business plans, the operation of
facilities, the availability of tax credits, the availability of feed stocks,
and the marketability of the coal combustion products, building products, and
synthetic fuel, are forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995 regarding future events and our future
results that are based on current expectations, estimates, forecasts, and
projections about the industries in which we operate and the beliefs and
assumptions of our management. Actual results may vary materially from such
expectations. Words such as "expects", "anticipates", "targets", "goals,"
"projects", "believes", "seeks", "estimates", variations of such words, and
similar expressions are intended to identify such forward-looking statements.
Any statements that refer to projections of our future financial performance,
our anticipated growth and trends in our businesses, and other characterizations
of future events or circumstances, are forward-looking.
In addition to matters affecting the coal combustion products, synthetic fuel
and building products industries or the economy generally, factors which could
cause actual results to differ from expectations stated in forward-looking
statements include, among others, the factors described in the captions entitled
"Forward-looking Statements" and "Risk Factors" in Item 7 in Headwaters' Annual
Report on Form 10-K for the fiscal year ended September 30, 2003, Quarterly
Reports on Form 10-Q, and other periodic filings and prospectuses.
Although Headwaters believes that its expectations are based on reasonable
assumptions within the bounds of its knowledge of its business and operations,
there can be no assurance that our results of operations will not be adversely
affected by such factors. Unless legally required, we undertake no obligation to
revise or update any forward-looking statements for any reason. Readers are
cautioned not to place undue reliance on these forward-looking statements, which
speak only as of the date of this report.
Our internet address is www.hdwtrs.com. There we make available, free of charge,
our annual report on Form 10-K, Quarterly Reports on Form 10-Q, current reports
on Form 8-K and any amendments to those reports, as soon as reasonably
practicable after we electronically file such material with, or furnish it to,
the SEC. Our reports can be accessed through the investor relations section of
our web site.

text: Headwaters Incorporated

text: Tricia Ross

text: HEADWATERS INCORPORATED

text: TAPCO HOLDINGS, INC.

text: HEADWATERS INCORPORATED

text: Tapco

text: Headwaters Incorporated

text: Headwaters Incorporated


text:
EX-99
3
exhibit99.htm
EXHIBIT 99
Investor Contact:
Robert G. Burrows
Vice President, Investor Relations
240-631-3280
BurrowsR@ebsi.com
Media Contact:
Lynn Kieffer
Vice President, Corporate Communications
240-631-3391
KiefferL@ebsi.com
EMERGENT BIOSOLUTIONS COMPLETES ACQUISITION OF RAXIBACUMAB, AN FDA-APPROVED ANTHRAX MONOCLONAL ANTIBODY, FROM GSK
·
Transaction anticipated to be additive by approximately $9 million to revenue and neutral to GAAP net income for full year 2017
GAITHERSBURG, Md., October 3, 2017
-Emergent BioSolutions Inc. (NYSE: EBS) announced today that it has completed its acquisition of raxibacumab, a fully human monoclonal antibody approved by the U.S. Food and Drug Administration (FDA) for the treatment and prophylaxis of inhalational anthrax, from GSK (LSE/NYSE: GSK). With the acquisition, Emergent also plans to assume responsibility for a multi-year contract with the Biomedical Advanced Research and Development Authority (BARDA), valued at up to approximately $130 million to supply the product to the U.S. Strategic National Stockpile (SNS) through November 2019. The completion of the acquisition follows the satisfaction or waiver by the parties, as applicable, of all closing conditions, including expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act), as amended.
"The acquisition of raxibacumab
expands Emergent's portfolio of approved medical countermeasures that address public health threats and reflects our commitment to meeting our customers' preparedness needs", said Daniel J. Abdun-Nabi, president and chief executive officer of Emergent BioSolutions. "We look forward to continuing to supply the SNS with this and other critical countermeasures that address Category A bioterrorism threats such as anthrax, botulism, and smallpox".
2017 Financial Forecast
For full year 2017, the company anticipates that the acquisition of raxibacumab will be additive to revenue by approximately $9 million and neutral to GAAP net income, reflecting the impact of initial costs to begin the process of transferring raxibacumab manufacturing from GSK to Emergent, expected to be completed in 2020. On November 2, the company will be issuing financial results for the three and nine months ended September 30, at which time it will provide a more comprehensive update on full year 2017 guidance.
About Raxibacumab
Raxibacumab is the only fully human monoclonal antibody approved by the FDA for the treatment and prophylaxis of inhalational anthrax due to
Bacillus anthracis
. It was approved in December 2012 and has Orphan Drug designation in the U.S. Raxibacumab is indicated for the treatment of adult and pediatric patients with inhalational anthrax in combination with appropriate antibacterial drugs and for prophylaxis of inhalational anthrax when alternative therapies are not available or not appropriate. Raxibacumab has been supplied to the SNS since 2009 under contracts with BARDA, a division of the Office of the Assistant Secretary for Preparedness and Response at the U.S. Department of Health and Human Services.
About Emergent BioSolutions
Emergent BioSolutions Inc. is a global life sciences company seeking to protect and enhance life by focusing on providing specialty products for civilian and military populations that address accidental, intentional, and naturally emerging public health threats. Through our work, we envision protecting and enhancing 50 million lives with our products by 2025. Additional information about the company may be found at
emergentbiosolutions.com
. Follow us @emergentbiosolu.
Safe Harbor Statement
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements, other than statements of historical fact, including statements regarding the potential opportunities and financial impact of the transaction, our plans to transfer the manufacturing and fill/finish processes to our Bayview and Camden facilities, respectively, and any other statements containing the words "believes", "expects", "anticipates", "intends", "plans", "targets", "forecasts", "estimates" and similar expressions are forward-looking statements. These forward-looking statements are based on our current intentions, beliefs and expectations regarding future events. We cannot guarantee that any forward-looking statement will be accurate. Investors should realize that if underlying assumptions prove inaccurate or unknown risks or uncertainties materialize, actual results could differ materially from our expectations. Investors are, therefore, cautioned not to place undue reliance on any forward-looking statement. Any forward-looking statement speaks only as of the date of this press release, and, except as required by law, we do not undertake to update any forward-looking statement to reflect new information, events or circumstances.
There are a number of important factors that could cause the company's actual results to differ materially from those indicated by such forward-looking statements, including our ability to successfully integrate the assets and realize the benefits of the transaction; the availability of funding and the placement of delivery orders under the current BARDA contract for raxibacumab; the availability of funding and the U.S. government's support of our plans for the transfer of the manufacturing and fill/finish processes to our Bayview and Camden facilities, respectively, and the timing thereof; and our ability to secure a follow-on, multi-year contract with the U.S. government.
The foregoing sets forth many, but not all, of the factors that could cause actual results to differ from our expectations in any forward-looking statement. Investors should consider this cautionary statement, as well as the risk factors identified in our periodic reports filed with the SEC, when evaluating our forward-looking statements.
Acknowledgment of Federal Funding
The aforementioned activities relating to raxibacumab have been funded in whole or in part with Federal funds from the Department of Health and Human Services; Office of the Assistant Secretary for Preparedness and Response; Biomedical Advanced Research and Development Authority, under Contract Number HHSO100201300008I.
###

text: Robert G. Burrows

text: Lynn Kieffer

text: EMERGENT BIOSOLUTIONS

text: RAXIBACUMAB

text: Emergent BioSolutions Inc.

text: Daniel J. Abdun-Nabi

text: Emergent BioSolutions

text: Raxibacumab

text: Raxibacumab

text: Raxibacumab

text: Raxibacumab

text: Emergent BioSolutions

text: Emergent BioSolutions Inc.


text:
EX-99.1
2
dex991.htm
PRESS RELEASE
Press Release
Exhibit 99.1
Contact: Marie Castro
(858) 842-3399
News Release
REMEC, INC. COMPLETES SALE OF
SELECTED WIRELESS ASSETS TO POWERWAVE TECHNOLOGIES
SAN DIEGO, Calif., September 2, 2005
- REMEC, Inc. (NASDAQ:REMC) today announced it has completed the sale to Powerwave Technologies, Inc. (NASDAQ:PWAV)
of selected assets and liabilities of its Wireless Systems Business, including its RF conditioning, filter, tower-mounted amplifier and RF power amplifier product lines. Powerwave paid to REMEC a purchase price of 10 million shares of Powerwave
common stock and $40 million in cash, which is subject to certain post-closing adjustments. $15 million of the cash purchase price has been deposited into an escrow to cover any potential indemnification claims. Based on Powerwave's closing
stock price on Thursday, September 1, 2005, the transaction value is approximately $144.7 million.
"This concludes the final stage of our strategic plan to maximize shareholder value, " stated Thomas H Waechter, President and Chief Executive Officer of REMEC. This combination with Powerwave will allow
REMEC's RF technology base and many of its employees to continue to have a very positive impact on the future of the wireless communications industry and to bring additional value to our shareholders going forward. We wish Powerwave and the
REMEC employees the best of success in this new endeavor".
REMEC also
confirmed that the record date for the distribution of the 10,000,000 shares of Powerwave Common Stock to its shareholders will be September 2, 2005, the date of the closing of the asset sale.
About REMEC
REMEC, Inc. is a designer and manufacturer of high frequency subsystems used in the transmission of voice, video and data traffic over
wireless communications networks. REMEC is located at 3790 Via de la Valle, Del Mar, CA 92014. For more information, visit the company's website at www.remec.com or call (858) 842-3000.
Page 1 of 2
Forward-Looking Statements
Statements in this press release that are not historical are forward-looking statements, which involve known and unknown risks and
uncertainties, including risks associated with completing the sale of REMEC's Wireless Systems Business. Actual results could differ materially from those implied by such forward-looking statements due to a variety of factors, including, risks
relating to closing the Asset Sale, general and industry economic conditions, competition, development factors, operating costs and other risks and uncertainties that are detailed from time to time in our filings with the Securities and Exchange
Commission.
###
Page 2 of 2

text: REMEC, INC.

text: POWERWAVE TECHNOLOGIES

text: REMEC, Inc.

text: Powerwave Technologies, Inc.

text: REMEC, Inc.


text:
EX-99
2
l09428aexv99.txt
EX-99
EXHIBIT 99
PRESS RELEASE Source: Camco Financial Corporation
CAMCO FINANCIAL CORPORATION COMPLETES ACQUISITION OF LONDON FINANCIAL
CORPORATION AND CHANGES ITS BANK CHARTER
Friday August 20, 4:49 pm ET
CAMBRIDGE, Ohio--(BUSINESS WIRE)--Aug. 20, 2004--(Nasdaq:CAFI - News) - Camco
Financial Corporation, ("Camco") located in Cambridge, Ohio, announced the
completion today of its previously announced acquisition of London Financial
Corporation ("London"). London's operating subsidiary, The Citizens Bank of
London, with one office in Madison County, Ohio, was merged with Camco's
principal operating subsidiary, AdvantageBank. Simultaneously with the merger,
Camco will become a financial holding company and AdvantageBank will become a
state-chartered commercial bank.
London shareholders will receive either $26.50 in cash, 1.56342 shares of Camco,
or a combination of cash and Camco shares, in exchange for each outstanding
share of London. As a result of the acquisition, Camco will have approximately
7.6 million publicly traded shares of common stock.
Richard C. Baylor, President & CEO of Camco, commented, "We are excited to
complete this addition to our community bank group. AdvantageBank will provide
customers with more convenience from our "Advantage Banking" brand of products
as we enhance our existing central Ohio presence." Baylor continued, "We are
confident that the London community will respond favorably to the dynamic
combination of Advantage Bank's operational support and Citizens Bank's
community ties. Most importantly, quality customer service and local decision
making will continue to be made by managers in Central Ohio. Camco expects that
this acquisition will likely be accretive to Camco's earnings in the first year.
We would also emphasize the strategic importance of adopting a state commercial
banking charter that reduces regulatory barriers to our balance sheet
initiatives related to consumer and commercial lending".
London's President John J. Bodle commented, "I am very pleased to have our bank
join the AdvantageBank family. This merger will enhance services, add a broader
range of products and new technology to our customers".
Camco Financial Corporation is a multi-state financial holding company
headquartered in Cambridge, Ohio with assets of $1.13 billion. Advantage Bank
and its affiliates offer community banking, mortgage banking, internet banking
and title services from 32 offices in 23 communities in Ohio, Kentucky and West
Virginia.
Additional information about Camco Financial may be found on Camco's web site:
www.advantagebank.com.
The words or phrases "will likely result", "are expected to", "will continue,"
"is anticipated", "estimate", "project" or similar expressions are intended to
identify "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such statements are subject to certain
risks and uncertainties including changes in economic conditions in the
Company's market area, changes in policies by regulatory agencies, fluctuations
in interest rates, demands for loans in the Company's market area and
competition, that could cause actual results to differ materially from
historical earnings and those presently anticipated or projected. The Company
wishes to caution readers not to place undue reliance on any such
forward-looking statements, which speak only as of the date made. The Company
does not undertake, and specifically disclaims any obligation, to publicly
release the result of any revisions that may be made to any forward-looking
statements to reflect events or circumstances after the date of such statements
or to reflect the occurrence of anticipated or unanticipated events.
----------
Contact:
Camco Financial Corporation, Cambridge
Richard C. Baylor, 740-435-2040
Mark A. Severson, 740-435-2055
www.camcofinancial.com
6

text: Camco Financial Corporation

text: CAMCO FINANCIAL CORPORATION

text:
LONDON FINANCIAL
CORPORATION

text:
Camco
Financial Corporation

text:
London Financial
Corporation

text: Richard C. Baylor

text: Camco Financial Corporation

text: Camco Financial Corporation

text: Richard C. Baylor


text:
EX-99.1
2
ex_991xpressrelease10012019.htm
EXHIBIT 99.1
Exhibit
Conformis and Stryker Execute Development,
License and Distribution Agreements
Deal to Cover Patient-Specific Instrumentation Used in Knee Arthroplasty
BILLERICA, Mass., October 1, 2019 (GLOBE NEWSWIRE) -- Conformis, Inc. (NASDAQ: CFMS), a medical technology company that uses its proprietary iFit Image-to-Implant technology platform to develop, manufacture, and sell patient-specific joint replacement implants designed to fit each patient's unique anatomy, announced today that it has entered into definitive agreements to sell and license to Stryker Corporation, one of the world's leading medical technology companies, certain assets relating to Conformis' patient-specific instrumentation (PSI) technology, and to develop, manufacture, and supply PSI for use in connection with Stryker's knee implant offerings.
Under the terms of the agreements, Conformis will receive $14M up-front and up to an additional $16M in milestone payments for selling, licensing, and developing part of its intellectual property portfolio to Stryker in order to design, manufacture, and commercialize PSI for use in Stryker's knee implant offerings, including the market-leading Triathlon Total Knee System. Conformis has also entered into a long-term distribution agreement with Stryker, under which Conformis will supply PSI to Stryker.
Conformis' proprietary PSI technology utilizes a CT-based 3D model to create single-use, disposable instrumentation for a personalized patient solution.
"Innovations in healthcare are being driven by advancements in personalized medicine", said Mark Augusti, President and CEO of Conformis. "Conformis is excited to partner with Stryker-a leader in orthopaedic surgical innovation-to further expand CT-based solutions to the market. Such solutions are the future of healthcare, enabling surgeons to provide personalized care based on a patient's unique anatomy".
About Conformis, Inc.
Conformis is a medical technology company that uses its proprietary iFit Image-to-Implant technology platform to develop, manufacture, and sell joint replacement implants that are designed and manufactured to fit and conform to each patient's unique anatomy. Conformis offers a broad line of patient-conforming total and partial knee systems and a hip system that includes sterilized, single-use instruments delivered in a single package to the hospital. Conformis owns or exclusively in-licenses issued patents and pending patent applications that cover patient-specific implants and instrumentation for all major joints.
For more information, visit www.conformis.com. To receive future releases in e-mail alerts, sign up at http://ir.conformis.com.
Cautionary Statement Regarding Forward-Looking Statements
Statements in this press release about our future expectations, plans and prospects, as well as other statements containing the words "anticipate", "believe", "continue", "could", "estimate", "expect", "intend", "may", "might", "plan", "potential", "predict", "project", "should", "target", "will", or "would" and similar expressions, constitute forward-looking statements within the meaning of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. You should not place undue reliance on our forward-looking statements. Actual results could differ materially from the projections disclosed in the forward-looking statements we make as a result of a variety of risks and uncertainties, including risks and uncertainties described in the "Risk Factors" sections of our public filings with the Securities and Exchange Commission. In addition, the forward-looking statements included in this press release represent our views as of the date hereof. We anticipate that subsequent events and developments may cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date hereof.
CONTACT:
Investor Relations
ir@conformis.com
(781) 374-5598

text: Conformis, Inc.

text: Stryker Corporation

text: Mark Augusti

text: Conformis, Inc.


text:
EX-99.1
3
ex99-1.htm
Exhibit
99.1
MTBC
Announces Acquisition of CareCloud, Closes its Largest Transaction to Date
SOMERSET,
N.J., January 8, 2020
(Globe Newswire) -
MTBC, Inc.
(NASDAQ: MTBC) (NASDAQ: MTBCP), a leading provider of cloud-based
healthcare IT and revenue cycle management solutions, today announced the closing of its acquisition of CareCloud Corporation,
("CareCloud") which provides its proprietary, award-winning, enterprise cloud platform and business solutions to more
than 7,000 healthcare providers nationwide
.
CareCloud
is a healthcare technology company specializing in software and services - which has been rated among the top industry
solutions by Gartner, KLAS Research, and Black Book Research - to high growth independent physician practices. Founded in
2009 as a practice management software company, CareCloud subsequently evolved to serve the full spectrum of practice workflows,
including revenue cycle management (RCM), practice management (PM), electronic health records (EHR), and patient experience management
(PXM). CareCloud's integrated clinical and financial platform technology and its suite of solutions enables clients to increase
profitability, streamline workflow, and improve patient-care outcomes nationwide.
"CareCloud
has built a strong brand with its advanced technology, award-winning design, and innovative team", said Stephen Snyder,
CEO, MTBC. "CareCloud and MTBC are highly synergistic and we believe that our combined businesses will accelerate growth,
yield greater operating efficiencies and provide more flexibility for future expansion through our combined offering".
"This
is a transformative opportunity to accelerate the build-out of our strategic roadmap to provide world-class technology and services
to more providers. CareCloud's cutting-edge cloud-based software, which, through its existing partnerships, leverages Amazon
and Google cloud platforms, brings to MTBC exciting new technology integrations", said A. Hadi Chaudhry, President, MTBC.
"The acquisition also brings a Miami-based team of talented professionals with expertise in primary care and specialty physician
practice operations".
Canaccord
Genuity Group Inc. acted as financial advisor to CareCloud and its Board of Directors in connection with the transaction.
MTBC
acquired CareCloud on a cash-free, debt-free basis, with neutral working capital on January 8, 2020, through the closing of an
agreement and plan of merger.
This
does not purport to be a full overview of the transaction, additional information regarding which can be found in MTBC's
Form 8-K, which was filed with the United States Securities Exchange and Commission on January 8, 2020.
About
MTBC
MTBC
is a healthcare information technology company that provides a fully integrated suite of proprietary cloud-based solutions, together
with related business services, to healthcare providers and hospitals throughout the United States. Our integrated Software-as-a-Service
(or SaaS) platform helps our customers increase revenues, streamline workflows and make better business and clinical decisions,
while reducing administrative burdens and operating costs. MTBC's common stock trades on the Nasdaq Global Market under
the ticker symbol "MTBC", and its Series A Preferred Stock trades on the Nasdaq Global Market under the ticker symbol
"MTBCP."
For
additional information, please visit our website at
www.mtbc.com
. To view MTBC's latest investor presentations, read
recent articles, and listen to interviews with management, please visit
ir.mtbc.com/events
.
Follow
MTBC on
LinkedIn,
Twitter
and
Facebook
.
SOURCE
MTBC
Forward
Looking Statement
This
press release contains various forward-looking statements within the meaning of the federal securities laws. These statements
relate to anticipated future events, future results of operations or future financial performance. In some cases, you can identify
forward-looking statements by terminology such as "may", "might", "will", "should,"
"intends", "expects", "plans", "goals", "projects", "anticipates,"
"believes", "estimates", "predicts", "potential", or "continue" or
the negative of these terms or other comparable terminology.
We
cannot provide any assurances that the transaction described in this press release will be consummated, or that if consummated,
it will be consummated on the terms as described in this press release.
Our
operations involve risks and uncertainties, many of which are outside our control, and any one of which, or a combination of which,
could materially affect our results of operations and whether the forward-looking statements ultimately prove to be correct. Forward-looking
statements in this press release include, without limitation, statements reflecting management's expectations for future
financial performance and operating expenditures, expected growth, profitability and business outlook, increased sales and marketing
expenses, and the expected results from the integration of our acquisitions.
These
forward-looking statements are only predictions, are uncertain and involve substantial known and unknown risks, uncertainties
and other factors which may cause our (or our industry's) actual results, levels of activity or performance to be materially
different from any future results, levels of activity or performance expressed or implied by these forward-looking statements.
New risks and uncertainties emerge from time to time, and it is not possible for us to predict all of the risks and uncertainties
that could have an impact on the forward-looking statements, including without limitation, risks and uncertainties relating to
the Company's ability to manage growth, migrate newly acquired customers and retain new and existing customers, maintain
cost-effective global operations, increase operational efficiency and reduce operating costs, predict and properly adjust to changes
in reimbursement and other industry regulations and trends, retain the services of key personnel, and other important risks and
uncertainties referenced and discussed under the heading titled "Risk Factors" in the Company's filings with
the Securities and Exchange Commission.
The
statements in this press release are made as of the date of this press release, even if subsequently made available by the Company
on its website or otherwise. The Company does not assume any obligations to update the forward-looking statements provided to
reflect events that occur or circumstances that exist after the date on which they were made.
Company
Contact:
Bill
Korn
Chief
Financial Officer
MTBC,
Inc.
bkorn@mtbc.com
Investor
Contact:
Matt
Kreps, Managing Director
Darrow
Associates Investor Relations
mkreps@darrowir.com
(214)
597-8200

text: MTBC

text: CareCloud

text: MTBC, Inc.

text: MTBC

text: CareCloud Corporation

text: CareCloud

text: CareCloud

text: CareCloud

text: CareCloud

text: CareCloud

text: Stephen Snyder

text: MTBC

text: CareCloud

text: MTBC

text: CareCloud

text: MTBC

text: A. Hadi Chaudhry

text: MTBC

text:
Canaccord
Genuity Group Inc.

text: CareCloud

text: MTBC

text: CareCloud

text: MTBC

text: MTBC

text: MTBC

text: MTBC

text: MTBC

text: MTBC

text: MTBC

text: MTBC

text:
Bill
Korn

text:
MTBC,
Inc.

text:
Matt
Kreps


text:
EX-99
3
exhibit99.txt
PRESS RELEASE DATED SEPTEMBER 13, 2004
Exhibit 99.1
The First American Corporation MATRIX BANCORP
[graphic omitted] [graphic omitted]
Contact: NEWS FOR
Thomas A. Klemens IMMEDIATE
Sr. Executive Vice President & RELEASE
Chief Financial Officer
(714) 800-4401
FIRST AMERICAN ACQUIRES MAJORITY INTEREST IN
MATRIX ASSET MANAGEMENT
-Addition Completes First American's Full Suite of Default Outsource Services-
SANTA ANA, Calif., Sept. 13, 2004 - The First American Corporation (NYSE: FAF),
the nation's largest data provider, and Matrix Bancorp, Inc. (Nasdaq: MTXC)
today announced that First American has acquired a 75 percent equity ownership
interest in its subsidiary, Matrix Asset Management, in exchange for a
combination of cash and notes totaling approximately $15 million. The
transaction will be immediately accretive to First American.
Established in 1995, Matrix Asset Management is the nation's second largest
asset-management outsource company. Matrix offers asset disposition and default
management services on foreclosed properties to mortgage bankers, investment
bankers and financial institutions across the United States.
"Asset management services are an important element of offering a complete
default management solution", said Parker S. Kennedy, president and chief
executive officer of The First American Coropration. "The demand for outsourced
default management services is growing rapidly as large and middle-tier mortgage
lenders are increasingly looking to streamline their operations and have complex
services managed by experts. Matrix's strong reputation and client base offer
tremendous growth opportunities for our default-related businesses, and will
also help to drive additional business to our title and property valuation
operations".
First American is the nation's number-one provider of outsourced default
services, and Matrix Asset Management is a valuable addition as it completes
First American's suite of default products and services. With approximately $320
million in assets under management, Matrix will maintain its central operations
center in Denver.
Kenneth Blevins, president of Matrix Asset Management said, "This is an
excellent move for our customers and helps to position our company for continued
growth. First American is the market leader in providing a comprehensive set of
default and mortgage origination services. By joining with First American, we
-more-
First American Acquires Majority Interest in Matrix Asset Management
Page 2-2-2
can deliver great value to our customers while offering them an expanded line of
related products and services including First American's industry-leading
product bundles".
Dennis J. Gilmore, executive vice president of First American stated: "The
addition of Matrix Asset Management gives us the ability to provide our clients
with individual services or complete end-to-end solutions. Matrix's solid and
experienced team of professionals and central location make it ideal to support
First American's default-related services and real estate-owned (REO) property
management needs nationwide".
Matrix Bancorp, which will retain a 25 percent interest in Matrix Asset
Management, is a unitary thrift holding company headquartered in Denver with
subsidiaries conducting operations primarily in Colorado, Arizona and Texas.
"Matrix Bancorp is working hard to strengthen shareholder value as we
streamline our company and focus on our core businesses", said Rick Schmitz,
chief executive officer of Matrix Bancorp. "We have great faith in Matrix Asset
Management and the upside potential for the company as it is now paired with
First American. It was important to us that we maintain a minority interest in
the company so that our shareholders can continue to participate in the unit's
growth."
The First American Corporation is a Fortune 500 company that traces its
history to 1889. As the nation's largest data provider, the company supplies
businesses and consumers with information resources in connection with the major
economic events of people's lives, such as getting a job; renting an apartment;
buying a car, house, boat or airplane; securing a mortgage; opening or buying a
business; and planning for retirement. The First American Family of Companies,
many of which command leading market share positions in their respective
industries, operate within six primary business segments, including: Title
Insurance and Services, Speciality Insurance, Mortgage Information, Property
Information, Credit Information and Screening Information. With revenues of
$6.21 billion in 2003, First American has 29,000 employees in approximately
1,800 offices throughout the United States and abroad. More information about
the company and an archive of its press releases can be found at
www.firstam.com.
===============================================================================
Certain statements made in this press release regarding First American,
including those related to the driving of additional business opportunities, are
forward looking. Risks and uncertainties exist that may cause results to differ
materially from those set forth in these forward-looking statements. Factors
that could cause the anticipated results to differ from those described in the
forward-looking statements include: interest rate fluctuations; changes in the
performance of the real estate markets; access to public reocrds and other data;
general volatility in the capital markets; changes in applicable government
regulations; consolidation among the company's significant customers and
competitors; the company's continued ability to identify businesses to be
acquired; changes in the company's ability to integrate businesses which it
acquires; and other factors described in the company's Annual Report on Form
10-K for the year ended December 31, 2003, as filed with the Securities and
Exchange Commission. The forward-looking stataements speak only as of the date
they are made. The company does not undertake to update forward-looking
statements to reflect circumstances or events that occur after the date the
forward-looking statements are made.
-more-
First American Acquires Majority Interest in Matrix Asset Management
Page 3-3-3
Certain statements contained in this press release regarding Matrix Bancorp that
are not historical facts, including, but not limited to, statements that can be
identified by the use of forward-looking terminology such as "may", "expect,"
"anticipate", "predict", "believe", "plan", "estimate" or "continue" or the
negative thereof or other variations thereon or comparable terminology, are
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995, and involve a number of risks and uncertainties.
The actual results of the future events described in such forward-looking
statements in this press release could differ materially from those stated in
such forward-looking statements. Among the factors that could cause actual
results to differ materially are: third party claims or actions in relation to
the ongoing or future bankruptcies of the Company's customers; interest rate
fluctuations; level of delinquencies; defaults and prepayments; general economic
conditions; competition; government regulation; possible future litigation; the
actions or inactions of third parties, and actions or inactions of those that
are parties to the existing or future bankruptcies of the Company's customers or
litigation related thereto; unanticipated developments in connection with the
bankruptcy actions or litigation described above, including judicial variation
from existing legal precedent and the decision by one or more parties to appeal
decisions rendered; the risks and uncertainties discussed elsewhere in the
annual report and in the Company's current report on Form 8-K, filed with the
Securities and Exchange Commission on March 14, 2001; and the uncertainties set
forth from time to time in the Company's periodic reports, filings and other
public statements.
###

text: First American

text: FIRST AMERICAN

text: MATRIX ASSET MANAGEMENT

text: First American

text: First American

text: First American

text: Matrix Asset Management

text: First American

text: Matrix Asset Management

text: Parker S. Kennedy

text: First American

text: First American

text: Matrix Asset Management

text: First American

text: Kenneth Blevins

text: Matrix Asset Management

text: First American

text: First American

text: First American

text: Matrix Asset Management

text: First American

text: First American

text: Matrix Asset Management

text: First American

text:
Matrix Asset
Management

text: Rick Schmitz

text:
Matrix Asset
Management

text: First American

text: First American

text: First American

text: First American

text: First American

text: First American

text: Matrix Asset Management


text:
EX-99
8
exhibit_99-6.htm
Exhibit 99.6
Exhibit 99.6
Contact:
Alexandra Corriveau
Sommerfield Communications
(212) 255-8386
alexandra@sommerfield.com
KOREAN SHIPBUILDER INVESTS IN U.S. COMPANY AND WILL DESIGN AND BUILD
OCEAN-GOING VESSELS TO TRANSPORT ETHANOL AND OTHER FUELS TO AND FROM THE U.S.
NOK-BONG Ship Building Co., Ltd.
Uses its Stock to Purchase $30 Million of Shares of St. Lawrence Energy Corp
(OTC: SLAW); St. Lawrence Now
Has 33% Stake in
NOK-BONG
NEW YORK CITY - January 8, 2008 -
Korean ship builder
NOK-BONG Ship Building Co., Ltd.
(NBS) has purchased 20,000,000 unissued
shares of common stock in
St. Lawrence
Energy Corp.
(OTC: SLAW), a Delaware
corporation, at a price per share of $1.50, for $30 million.
Concurrently St. Lawrence Energy is making an investment in
purchasing 400,000 shares of NOK-BONG common stock for $30 million. As a result, St. Lawrence now owns
approximately 33% of
Nok-Bong
.
With the transaction, St. Lawrence Energy enters the energy
sector, including renewable energy and transportation.
St. Lawrence Energy's initial business will involve the
ownership of six new ships designed and constructed by
Nok-Bong
to transport ethanol and other fuels between
U.S. ports and
worldwide markets in an effective, cost-efficient way. Because of the investment in
Nok-Bong
, St. Lawrence Energy will be
able to obtain the ships from
Nok-Bong
sooner than otherwise possible, a significant advantage, given the multi-year
backlog now existing in shipyards around the world.
Said Robert Mitchell, CEO of St. Lawrence Energy,
"This
transaction is an exciting and important event. It launches us into a business that fills a great need
- serving and
advancing the renewable energy sector".
He added,
"We believe our initial shipping business can help
solve the problem of transporting ethanol and other fuels inexpensively, safely
and effectively. These vessels are
designed to leverage the relative cost-effectiveness of shipping, and also
prevent the corrosion and evaporation that make ethanol transit in traditional
vessels difficult and sometimes impossible".
###
For more information, please contact Alexandra Corriveau at Sommerfield
Communications, Inc. at 212-255-8386 or alexandra@sommerfield.com
About NOK-BONG Ship Building
NOK-BONG Ship Building Co., LTD was founded in 1997 and is
organized under the laws of the Republic of Korea. It builds small- and medium-sized vessels
that weight up to 10,000 tons.
About St. Lawrence
Energy Corp.
St. Lawrence Energy Corp. (OTC: SLAW) is a Delaware company focused on the energy
sector, including renewable energy and chemical transportation.

text: NOK-BONG Ship Building Co., Ltd.

text: St. Lawrence Energy

text: NOK-BONG Ship Building Co., Ltd.

text:
St. Lawrence
Energy

text: St. Lawrence Energy

text: St. Lawrence Energy

text: St. Lawrence Energy

text: St. Lawrence Energy

text: Robert Mitchell

text: St. Lawrence Energy

text:
St. Lawrence
Energy

text: St. Lawrence Energy


text:
EX-99.1
3
v330380_ex99-1.htm
EXHIBIT 99.1
EXHIBIT 99.1
DEEP WELL INCREASES ITS WORKING INTEREST IN SAWN LAKE HEAVY
OIL RESERVOIR
DEC. 17, 2012 - 08:00 EDT
EDMONTON, ALBERTA - (Marketwire -
December 17, 2012) Deep Well Oil & Gas, Inc. (and its subsidiaries "Deep Well" or "Company") (OTCQB Marketplace:
DWOG) is pleased to announce it has acquired an additional 10 per cent working interest in most of its Sawn Lake heavy oil reservoir
in the Peace River Oil Sands of Northern Alberta.
The Government of Alberta has confirmed
the transfer of the 10 per cent working interest to Deep Well from 1132559 Alberta Ltd. following closing of a purchase and sale
agreement.
With this acquisition Deep Well and its
Canadian subsidiaries Northern Alberta Oil Ltd. and Deep Well Oil & Gas (Alberta) Ltd. now have a 90 per cent working interest
in 51 contiguous square miles of oil sands leases, an 80 per cent working interest in 5 square miles of oil sands leases and a
50 per cent working interest in an additional 12 square miles in the Sawn Lake heavy oil area in North Central Alberta. The leases
cover 43,015 gross acres (17,408 gross hectares.). This transaction increases Deep Well's net acres in the Sawn Lake field
from 31,376 to 35,360 (from 12,698 net hectares to 14,310).
"This acquisition marks another important
step in the development now being planned of our heavy oil reservoir", noted Dr. Horst A. Schmid, Chairman of the Board. "We
now have a 90 per cent working interest in the area chosen for our pilot project; accordingly, we expect the economics of the project
to be even more robust than forecast earlier".
Effective December 31, 2011, DeGolyer and
MacNaughton Canada Limited (D&M), an independent qualified reserves evaluator, assigned probable reserves
1
of 7.8
million barrels to the planned pilot project lands and an additional 198 million barrels of best case contingent resources
2
to Deep Well's remaining Sawn Lake lands in the Peace River oil sands area of Alberta. These reserves and resources were calculated
before this acquisition of these working interests.
Deep Well is fully committed to best practices
in environmental stewardship to assure sustainable development of its in-situ heavy oil holdings.
1
Probable Reserves in this
press release are those additional reserves which analysis of geoscience and engineering data indicate are less likely be recovered
than Proved Reserves but more certain to be recovered than Possible Reserves. These estimated probable reserves are classified
as undeveloped at this time.
2
Contingent Resources in
this News Release are those quantities of petroleum estimated, as of December 31, 2011, to be potentially recoverable from know
accumulations by application of development projects, but which are not currently considered to be commercially recoverable due
to one or more contingencies. The specific contingencies precluding these Contingent Resources being classified as reserves include
but are not limited to; regulatory approvals to develop the resources and financing. The Contingent Resources in this press release
reflect the "best estimate" as reported by D&M. A best estimate is the estimate of the quantity of resources that
will actually be recovered. It is equally likely that the actual quantities recovered will be greater or less than the 'best
estimate'.
Statements relating to "reserves"
or "contingent resources" or "prospective resources" are deemed to be forward-looking statements, as they involve
the implied assessment, based on certain estimates and assumptions, that the reserves, contingent resources or prospective resources
described exist in the quantities predicted or estimated, and can be profitably produced in the future. Investors are cautioned
not to assume that any part or all of the probable or possible reserves, contingent resources or prospective resources described
herein will ever be converted to proved reserves.
This news release contains forward-looking
statements. The words or phrases "would be", "to be", "will allow", "intends to", "will
likely result", "are expected to", "will continue", "is anticipated", "potential,"
"recoverable", "estimate", "forecast", "project", or similar expressions are intended
to identify "forward-looking statements." Actual results could differ materially from those projected in the Company's
proposed oil and gas related business and described in this press release. The Company's business and the realization of the results
contemplated by this press release are subject to various risks, which are discussed in the Company's filings with the SEC. The
Company's filings may be accessed at the SEC's Edgar system at
www.sec.gov
Statements
made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions
readers not to place reliance on such statements. Unless otherwise required by applicable law, we do not undertake, and we specifically
disclaim any obligation, to update any forward- looking statements to reflect occurrences, developments, unanticipated events
or circumstances after the date of such a statement.
Deep Well Oil & Gas, Inc. (OTCQB Marketplace:
DWOG - News)
Contact:
Deep Well Oil & Gas, Inc.
info@deepwelloil.com
www.deepwelloil.com

text: Deep Well Oil & Gas, Inc.

text: Horst A. Schmid

text: Deep Well Oil & Gas, Inc.

text: Deep Well Oil & Gas, Inc.


text:
EX-99.1
5
v330195_ex99-1.htm
EXHIBIT 99.1
Contact:
Jon W. Clark
Chief Financial Officer
(212) 297-1000
-Or-
Emily Pai
Investor Relations
(212) 297-1000
Gramercy Capital Corp. Closes the Previously
Announced Acquisition of a $485 million Portfolio in a Joint Venture with Garrison Investment Group
New York, NY - December 6, 2012 -
Gramercy Capital Corp. (NYSE: GKK)
announced today that it has closed in a joint venture with Garrison Investment Group
("Garrison") on the acquisition of a 115-property portfolio ("Portfolio"), for a total purchase price of
$485 million ($87 per square foot). The Portfolio was acquired from an affiliate of KBS Real Estate Investment Trust, Inc. ("KBS").
At closing, the Company and Garrison collectively capitalized the joint venture, on a 50/50 basis, with an equity investment of
approximately $141 million, plus deal expenses. The Company funded its portion of the equity contribution with approximately $56
million in cash and the issuance of six million shares of common stock to KBS, valued at $15 million at the execution date of the
purchase agreement.
The Portfolio totals approximately 5.6
million square feet and is comprised of office buildings, branch-office buildings and operations centers. Bank of America, N.A.
("Bank of America") leases approximately 81% of the total Portfolio and total occupancy is approximately 88%. The Portfolio
consists of two sub-portfolios: The core portfolio ("Core Portfolio"), which consists of 67 assets and the held-for-sale
portfolio ("Held-For-Sale Portfolio") which consists of 48 properties. The joint venture's strategy is to retain
a core net-lease portfolio of high quality assets leased to Bank of America in primary and strong secondary markets and sell non-core,
multi-tenant assets.
The Core Portfolio consists of 67 assets
located in ten states. It is 98% occupied, with 96% leased to Bank of America under a 10.5-year master lease. For 2013, the Core
Portfolio is expected to generate net operating income of approximately $27.2 million. At closing, the joint venture financed the
Core Portfolio with a $200 million first mortgage.
The Held-For-Sale Portfolio consists of
48 assets located in 13 states that are 68% leased to Bank of America. Concurrently with the purchase of the Portfolio, the joint
venture sold two multi-tenant office buildings for net proceeds of approximately $144 million. The two buildings sold at closing
were a one million square foot multi-tenant office building located in downtown Chicago and a 406,000 square foot multi-tenant
office building located in downtown Charlotte. Proceeds from these sales were used to reduce the capital contributions required
by the Company and Garrison to fund the joint venture. The joint venture plans to sell the remaining 46 Held-For-Sale assets over
the next 12-18 months for expected net proceeds of approximately $50 million. For 2013, the Held-For-Sale Portfolio is expected
to generate net operating income of approximately $3.2 million.
Gordon F. DuGan, Chief Executive Officer
of Gramercy Capital Corp., commented, "We couldn't be more excited about this acquisition. The transaction allows Gramercy
to deploy a significant amount of capital into an attractive, high-yielding, net lease opportunity. Furthermore, Garrison has been
a tremendous partner in closing the largest and most complicated deal in my 24-year career".
About Garrison Investment Group
Garrison Investment Group is a leading
middle market credit and asset based investor, Garrison's investment strategy focuses on unique middle market transaction
across real estate, corporate credit, commercial & industrial and consumer loans. The firm is based in New York, has 63 employees
(47 investment professionals) and manages in excess of $3 billion in assets under management.
Contact:
Jon W. Clark
Chief Financial Officer
(212) 297-1000
-Or-
Emily Pai
Investor Relations
(212) 297-1000
About Gramercy Capital Corp.
Gramercy Capital Corp. is a self-managed,
integrated commercial real estate investment and asset management company. The Company's Gramercy Realty division currently
manages approximately $1.9 billion of commercial properties leased primarily to regulated financial institutions and affiliated
users throughout the United States. The Gramercy Finance division manages approximately $1.8 billion of whole loans, bridge loans,
subordinate interests in whole loans, mezzanine loans, preferred equity, commercial mortgage-backed securities and other real estate
securities which are financed through three non-recourse CDOs. The Company is headquartered in New York City and has regional investment
and portfolio management offices in Jenkintown, Pennsylvania, Charlotte, North Carolina, and St. Louis, Missouri.
To review the Company's latest news
releases and other corporate documents, please visit the Company's website at
www.gkk.com
or contact Investor Relations at 212-297-1000.
(GKK-EN)
Forward-Looking Information
This press release contains forward-looking
information based upon the Company's current best judgment and expectations. Actual results could vary from those presented herein.
The risks and uncertainties associated with forward-looking information in this release include, but are not limited to, factors
that are beyond the Company's control, including the implementation of the new business strategy, the integration of the new management
team, the results of the operational review and those factors listed in the Company's Annual Report on Form 10-K and in the Company's
Quarterly Reports on Form 10-Q. The Company undertakes no obligation to update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise. For further information, please refer to the Company's filings with
the SEC.

text: Jon W. Clark

text: Gramercy Capital Corp.

text: Garrison Investment Group

text: Gramercy Capital Corp.

text: Garrison Investment Group

text: KBS Real Estate Investment Trust, Inc.

text: Gramercy Capital Corp.

text: Garrison Investment Group

text: Garrison Investment Group

text: Jon W. Clark

text: Gramercy Capital Corp.

text: Gramercy Capital Corp.