text:
EX-99.1
2
exhibit1.htm
EX-99.1
EX-99.1
Associated Banc-Corp
News Release
For more information:
Cindy Moon-Mogush, Corporate Communications
920-431-8034
Associated Acquires First National Bank of Hudson
GREEN BAY, Wis. -
June 1, 2007 - After receiving approval from the Federal Reserve,
Associated Banc-Corp (NASDAQ:ASBC) has acquired First National Bank of Hudson. The acquisition
closed today.
The combined company will expand Associated's presence in both Western Wisconsin and in the Twin
Cities metro area in Minnesota. With the locations added through the acquisition, Associated
will have 26 offices in the greater Twin Cities area and 35 total when including all Minnesota
and Hudson area locations.
"This acquisition adds to the strong foundation already established by Associated in Western
Wisconsin and the Twin Cities metro area", said Paul S. Beideman, chairman and CEO of Associated.
"This business combination will make Associated even more convenient for our customers in this
rapidly growing and dynamic area. First National Bank customers will be pleased by Associated's
additional branches and ATM locations and an expanded offering of services".
First National Bank, based in Woodbury, Minn., is a $0.4 billion community bank with eight
banking locations. Established in 1863, the bank has served customers for 144 years.
Associated and First National Bank employees are working together to combine the operations of
the two banks, which is expected to be formally completed later this month.
Ken Heiser, the president and CEO of First National Bank, is continuing with Associated, serving
as Hudson market president.
"As we near the completion of the merger of our companies, the benefits of the consolidation are
becoming even more obvious", said Heiser. "I continue to be very excited about the added
services and convenience that will soon be available to our customers".
Associated Bank is part of Associated Banc-Corp, headquartered in Green Bay, Wis., a diversified
bank holding company with total assets of $21 billion. Associated has approximately 300 banking
offices serving more than 180 communities in Minnesota, Wisconsin and Illinois. The company offers
a full range of traditional banking services and a variety of other financial products and
services. More information about Associated Banc-Corp is available at
www.associatedbank.com
.
- 30 -

text: Associated Banc-Corp

text: Associated

text: First National Bank of Hudson

text: Associated Banc-Corp

text: First National Bank of Hudson

text: Associated

text: Associated

text: Associated

text: Paul S. Beideman

text: Associated

text: Associated

text: Associated

text: Associated

text: Associated

text: Associated

text: Associated Banc-Corp

text: Associated

text: Associated Banc-Corp


dataset: buster

text:
EX-99.1
3
exhibit991darex-closingxre.htm
EXHIBIT 99.1
Exhibit
Exhibit 99.1
GCP Applied Technologies Completes Sale of Darex
and Announces Realignment Plan
Transitions to Construction Products Technologies Company
CAMBRIDGE, Mass., July 3, 2017 (GLOBE NEWSWIRE) - GCP Applied Technologies Inc.
(NYSE:GCP) has completed the sale of its Darex Packaging Technologies segment to Henkel for approximately $1.05 billion. Net proceeds excluding deal costs are expected to be approximately $800 million. The transaction was initially announced on March 2, 2017.
"We are pleased to have completed the sale of Darex and are now focused on GCP's realignment to a construction products technologies company. Proceeds from the sale will provide the flexibility to strengthen our balance sheet and execute on our growth plan, which includes investing in internal product and technology development programs, as well as pursuing bolt-on acquisition opportunities", said President and Chief Executive Officer Gregory E. Poling.
Realignment Plan
In conjunction with the Darex sale, the Company announced today that its Board of Directors has approved a business realignment plan that includes actions to reduce costs, including stranded costs associated with the Darex business and the transition of GCP to a construction products technologies company. GCP expects the plan to result in net annualized savings of approximately $22 million to $25 million.
The Company expects to incur total costs of $22 million to $26 million associated with the plan, of which approximately $16 million is expected to be incurred in the second quarter of 2017. These costs consist primarily of headcount reductions and related expenses. The realignment actions are expected to be completed by the end of 2018.
GCP expects to release its second quarter 2017 results on Thursday, August 3, 2017.
#
#
#
About GCP Applied Technologies
GCP is a leading global provider of construction products technologies that include additives for cement and concrete, waterproofing, air barriers, roofing and flooring underlayments, repair systems and fire protection applications. The company is creating new product categories in the ready-mix concrete industry with its Verifi® in-transit concrete management system; and has launched new Silcor® liquid waterproofing and Perm-A-Barrier® weather barrier products that improve building performance and reduce labor costs. GCP products have been used to build some of the world's most renowned structures. More information is available at www.gcpat.com.
This announcement contains "forward-looking statements", that is, information related to future, not past, events. Such statements generally include the words "believes", "plans", "intends", "targets", "will", "expects", "suggests", "anticipates", "outlook", "continues", or similar expressions. Forward-looking statements include, without limitation, statements about the proposed transaction and the anticipated timing thereof; expected financial positions; results of operations; cash flows; financing plans; business strategy; operating plans; capital and other expenditures; competitive positions; growth opportunities for existing products; benefits from new technology and cost reduction initiatives, plans and objectives; and markets for securities. Like other businesses, GCP is subject to risks and uncertainties that could cause its actual results to differ materially from its projections or that could cause other forward-looking statements to prove incorrect. Factors that could cause actual results to materially differ from those contained in the forward-looking statements, or that could cause other forward-looking statements to prove incorrect, include, without limitation, the possibility that the expected strategic benefits or opportunities from the Darex divestiture may not be realized, or may take longer to realize than expected; risks related to: the cyclical and seasonal nature of the industries that GCP serves; foreign operations, especially in emerging regions; changes in currency exchange rates; the cost and availability of raw materials and energy; the effectiveness of GCP's research and development, new product introductions and growth investments; acquisitions and divestitures of assets and gains and losses from dispositions; developments affecting GCP's outstanding liquidity and indebtedness, including debt covenants and interest rate exposure; developments affecting GCP's funded and unfunded pension obligations; warranty and product liability claims; legal proceedings; uncertainties related to GCP's ability to realize the anticipated benefits of the spin-off /separation from W.R. Grace and the value of GCP's common stock following the spin-off; the inability to establish or maintain certain business relationships and relationships with customers and suppliers or the inability to retain key personnel following the spin-off; and hazardous materials and the costs of compliance with environmental regulation. These and other factors are identified and described in more detail in GCP's Annual Report on Form 10-K, which has been filed with the U.S. Securities and Exchange Commission and is available online at www.sec.gov. Readers are cautioned not to place undue reliance on GCP's projections and forward-looking statements, which speak only as the date thereof. GCP undertakes no obligation to publicly release any revision to the projections and forward-looking statements contained in this announcement, or to update them to reflect events or circumstances occurring after the date of this announcement.
Media Relations
Paul Keeffe
+1 617.498.4461
mediainfo@gcpat.com
Investor Relations
Joe DeCristofaro
+1 617.498.2616
investors@gcpat.com

label: organization

text: GCP Applied Technologies

text: Darex

text: GCP Applied Technologies Inc.

text: Darex Packaging Technologies segment

text: Henkel

text: Darex

text: Darex

text: Darex

text: GCP Applied Technologies

text: Darex

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
11
v162424_ex99-1.htm
Unassociated Document
VELOCITY
ENERGY INC. (OTCBB: VCYE)
PURCHASE
OF APPALACHIAN BASIN NATURAL GAS ASSETS
Velocity
Energy Inc. (OTCBB: VCYE) announced today an acquisition of interests in natural
gas wells in West Virginia from a private company. The sale closed on
October 2, 2009.
The
acquisition includes working interests in 91 natural gas wells producing greater
than 2,000 Mcf/d of natural gas from commingled producing zones in the
Ravencliff, Maxton, Big Lime, Berea, Gordon and Devonian Shale formations on oil
and gas leases in five counties in southern West Virginia covering approximately
13,500 acres. The total consideration for the acquisition is
approximately $1.2 million, 50% of which was paid at Closing and the balance of
which is payable on the one year anniversary of the Closing. The
parties also entered into a farmout agreement granting Velocity rights to
develop and operate 60 drilling locations. In addition, Velocity will
also have the right to participate with Seller and other working interest owners
in over 40 additional wells under a joint operating agreement. Seller's third
party reserve report indicated that the properties contained gross proved
reserves of 35,000 MMcf as of July 1, 2009, the effective date of the sale.
Production from existing wells on these properties is sold at a premium to the
NYMEX natural gas index.
Velocity's
President, Don Vandenberg, stated, "We have been pursuing this acquisition and
other Appalachian acquisitions as we believe that the long history of successful
exploitation of Devonian Shale and other shale horizons (Marcellus, Rhinestreet,
and Java) found throughout the region in Appalachia is the best place to
position the Company as a profitable aggregator of long-lived oil and gas
reserves. In addition, our developmental drilling program will give
the Company the added benefit of the increased opportunity to utilize our
drilling rigs".
The
statements regarding future financial performance and results and the other
statements which are not historical facts contained in this release are
forward-looking statements that involve risks and uncertainties, including, but
not limited to, market factors, the market price (including regional basis
differentials) of natural gas and oil, results of future drilling and marketing
activity, future production and costs, and other factors detailed in the
Company's Securities and Exchange Commission filings.
Velocity
Energy Inc.
Houston,
Texas
For
Release: October 9, 2009

text:
VELOCITY
ENERGY INC.

text:
Velocity
Energy Inc.

text: private company

text:
Velocity
Energy Inc.


text:
EX-99.2
8
v170572_ex99-2.htm
Exhibit
99.2
Cornerstone
Growth & Income REIT
Acquires
$13.0 Million Skilled Nursing Facility
(Irvine,
CA)
December 31,
2009
- Cornerstone Real Estate Funds, and its strategic alliance
partner and sub-advisor Servant Healthcare Investments, announced the
acquisition of a $13.0 million healthcare property today. The
Cornerstone Growth & Income REIT acquired Mesa Vista Inn Health
Center. The property is a 96-unit, 144-bed, skilled nursing
facility in San Antonio, TX. The 53,851 square foot property
was constructed in 2008 and sits on 6.4 acres.
The
property was constructed to replace a 40-year old facility located approximately
2 miles away. TriSun Healthcare, LLC, an affiliate of Harden
Healthcare, LLC, will continue to operate the property. Harden
Healthcare, through its affiliates, provides a continuum of services addressing
a range of healthcare needs including rehabilitation, home health care, assisted
living, skilled nursing, pharmacy services and hospice care.
An
affiliate of Harden Healthcare has agreed to a 15-year lease agreement at a rate
of 11.50% of the purchase price, with 2.50% annual increases
thereafter. According to Cornerstone CEO Terry Roussel, "This
transaction provides greater evidence of the high quality, high cash flow
opportunities we are seeing in the healthcare arena." John Mark
Ramsey, CEO of Servant Healthcare Investments, stated "The property itself is
extremely attractive given its newer construction, residential feel and the
quality of care residents receive. Working with an operator like
Trisun Healthcare makes this acquisition very appealing, especially considering
their ability to provide multiple services in a quality setting and their depth
of expertise as a provider of senior care services throughout
Texas."
Harden
Healthcare has agreed to provide certain credit enhancements to the lease,
including a security deposit. The acquisition was financed with loan
proceeds of $7,500,000 and cash proceeds of $5,500,000 plus closing
costs. Terms of the loan include a fixed interest rate of 6.5%, 20
year amortization, with a five-year term. The loan is guaranteed by
certain principals of Harden Healthcare.
This
release contains forward-looking statements within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities Exchange Act of
1934. Such statements involve risk and uncertainties which could cause actual
results to vary materially form those expressed in or indicated by the
forward-looking statements. Factors that may cause actual results to differ
materially include changes general economic conditions, changes in real estate
conditions, changes in interest rates, lease-up risks, lack of financing
availability and lack of capital proceeds.
Securities offered through Pacific
Cornerstone Capital, Inc. Member FINRA and SIPC
. Investments are not FDIC
insured, not bank guaranteed and may lose value.

text:
Cornerstone
Growth & Income REIT

text: Cornerstone Growth & Income REIT

label: person

text:
John Mark
Ramsey


text:
EX-99.1
5
v412088_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
Alliqua BioMedical, Inc. Announces Closing
of Celleration, Inc. Acquisition
LANGHORNE, PA - June 1, 2015
- Alliqua
BioMedical, Inc. (NASDAQ:ALQA) ("Alliqua" or "the Company"), a provider of advanced wound care products,
today announced that it has completed its acquisition of Celleration, Inc. ("Celleration").
On February 2, 2015, Alliqua announced it has entered into
an agreement to purchase Celleration for an initial purchase price of approximately $30.4 million, comprised of both cash and
stock. The merger agreement provides for additional contingent payments in stock and cash, under certain circumstances, if stated
revenue thresholds are reached over the next two years ending December 31, 2016 or if certain milestones are satisfied in connection
with product sales in the U.K.
Celleration is a privately held medical device company, based
in Eden Prairie, Minnesota, which is focused on developing and commercializing the MIST Therapy® therapeutic ultrasound platform
for the treatment of acute and chronic wounds. Celleration's MIST Therapy System is an FDA 510(k) cleared device that uses
painless, noncontact low-frequency ultrasound to stimulate cells below the wound bed to promote the healing process.
"The completion of this acquisition marks another major
milestone in our Company's path towards building a broad and innovative portfolio of advanced wound care technologies,"
said David Johnson, Chief Executive Officer of Alliqua. "Celleration's FDA 501(k) cleared MIST Therapy and UltraMIST™
devices are complementary additions to our portfolio that fit squarely within our acquisition criteria for new technologies. We
are also pleased to be expanding the Alliqua team with some highly skilled individuals from Celleration, including nearly twenty
sales resources, and we look forward to their contributions in 2015 and beyond".
Cowen and Company, LLC served as Alliqua's exclusive
financial advisor in connection with this transaction.
Financing
Alliqua obtained a Senior Secured Term Loan from Perceptive
Advisors in the principal amount of $15.5 million to finance the initial cash purchase price of the acquisition.
Further details of the acquisition and the Senior Secured Term
Loan can be found in Alliqua's Form 10-Q, filed with the SEC on May 14, 2015.
About Alliqua BioMedical, Inc.
Alliqua is a provider of advanced wound care solutions. Through
its sales and distribution network, together with its proprietary products, Alliqua provides a suite of technological solutions
to enhance the wound care practitioner's ability to deal with the challenges of healing both chronic and acute wounds.
Alliqua currently markets its line of hydrogel products for
wound care under the SilverSeal® and Hydress® brands, as well as the sorbion sachet S® and sorbion sana® wound
care products, and its TheraBond® 3D advanced dressing which incorporates the TheraBond® 3D Antimicrobial Barrier Systems
technology. It also markets the advanced wound care product Biovance®, as part of its licensing agreement with Celgene Cellular
Therapeutics.
In addition, Alliqua can provide a custom manufacturing solution
to partners in the medical device and cosmetics industry, utilizing its proprietary hydrogel technology. Alliqua's electron beam
production process, located at its 16,500 square foot GMP manufacturing facility in Langhorne, PA, allows Alliqua to custom manufacture
a wide variety of hydrogels. Alliqua's hydrogels can be customized for various transdermal applications to address market opportunities
in the treatment of wounds as well as the delivery of numerous drugs or other agents for pharmaceutical and cosmetic industries.
For additional information, please visit http://www.alliqua.com.
To receive future press releases via email, please visit http://ir.stockpr.com/alliqua/email-alerts.
About Celleration, Inc.:
Celleration develops and markets a proprietary technology that
has been proven to accelerate healing in wounds by delivering therapeutic, low-frequency ultrasound without direct contact of
the delivery device to the wound surface. Celleration's core product, the MIST Therapy System, has been clinically shown
to positively impact the wound healing process and to provide clinical and economic benefits to institutions treating nonresponding
wounds. MIST therapy has been performed more than 1.2 million times on over 85,000 patients. There are 19 peer-reviewed published
articles, including eight Randomized Controlled Trials and one Meta-analysis, documenting the clinical outcomes of MIST.
Legal Notice Regarding Forward-Looking Statements
This release contains forward-looking
statements. Forward-looking statements are generally identifiable by the use of words like "may", "will,"
"should", "could", "expect", "anticipate", "estimate", "believe,"
"intend", or "project" or the negative of these words or other variations on these words or comparable terminology.
The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous
factors and uncertainties outside of our control that can make such statements untrue, including, but not limited to, the adequacy
of the Company's liquidity to pursue its complete business objectives; inadequate capital; the Company's ability to
obtain reimbursement from third party payers for its products; loss or retirement of key executives; adverse economic conditions
or intense competition; loss of a key customer or supplier; entry of new competitors and products; adverse federal, state and
local government regulation; technological obsolescence of the Company's products; technical problems with the Company's
research and products; the Company's ability to expand its business through strategic acquisitions; the Company's
ability to integrate acquisitions and related businesses; price increases for supplies and components; and the inability to carry
out research, development and commercialization plans. In addition, other factors that could cause actual results to differ materially
are discussed in our filings with the SEC, including our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. Investors
and security holders are urged to read these documents free of charge on the SEC's web site at http://www.sec.gov. We undertake
no obligation to publicly update or revise our forward-looking statements as a result of new information, future events or otherwise.
Investor Relations:
Westwicke Partners on behalf of Alliqua Biomedical, Inc.
Mike Piccinino, CFA +1-443-213-0500
AlliquaBiomedical@westwicke.com

text: Alliqua BioMedical, Inc.

text: Celleration, Inc.

text:
Alliqua
BioMedical, Inc.

text: Celleration, Inc.

text: David Johnson

text: Cowen and Company, LLC

label: fund

text:
Perceptive
Advisors

override: fund

text: Alliqua BioMedical, Inc.

text: Celleration, Inc.

text: Alliqua Biomedical, Inc.


text:
EX-99.1
5
a25350exv99w1.htm
EXHIBIT 99.1
exv99w1
Exhibit 99.1
CONTACT:
Kent Griffin
Chief Financial Officer
(858) 485-9840
BIOMED REALTY TRUST COMPLETES ACQUISITION OF
CENTER FOR LIFE SCIENCE BOSTON
SAN DIEGO, Calif. - November 20, 2006 -
BioMed Realty Trust, Inc. (NYSE: BMR) today
announced that it has completed the previously announced acquisition of the Center for Life
Science Boston, located at 3 Blackfan Circle. The property is located in the heart of
Boston's Longwood Medical Area, surrounded by many of the nation's leading life science
research institutions, including Beth Israel Deaconess Medical Center, Children's Hospital's
Karp Family Research Laboratories, The New Research Building at Harvard Medical School and
Merck Research Laboratories Boston. Also nearby are the Brigham & Women's Hospital,
Dana-Farber Cancer Institute, Joslin Diabetes Center and Children's Hospital Boston,
attracting the world's top researchers and clinicians.
The 702,940 square foot life science research building is currently under construction and
scheduled for delivery in 2008. The project is 80% pre-leased, on a long-term, triple net
basis, to four world-renown life science institutions - Beth Israel Deaconess Medical
Center, Children's Hospital Boston, Dana-Farber Cancer Institute and the CBR Institute for
Biomedical Research. The remaining space available for lease includes approximately 98,000
square feet located on the top four floors - 15 through 18. The building also will contain
space on the first floor for retail shops and 300 below-grade parking spaces. Additional
information regarding the project is available at
www.centerforlifescience.com
.
"We are pleased to have successfully completed the acquisition of one of Boston's premier
developments and one of the most desirable life science developments in the country, the
Center for Life Science Boston. BioMed Realty is the leading owner of life science space
in the Boston market, and this acquisition demonstrates our commitment to our corporate
mission of being the leading provider of real estate to the life science industry", said
Alan D. Gold, President and Chief Executive Officer of BioMed Realty Trust.
The company expects to invest in excess of $700 million in the Center for Life Science
Boston, including the initial purchase price of approximately $473 million and future
construction costs to complete the project. In order to finance the Center for Life Science
Boston acquisition and
future construction costs, the company entered into a secured acquisition and construction
loan with KeyBank National Association to provide borrowings of up to approximately $550
million. The loan has a maturity date of November 16, 2009, with a one-year extension
option. The company initially borrowed approximately $266 million under this secured
acquisition and construction facility, with the balance of the initial purchase price funded
through borrowings under the company's $500 million unsecured credit facility. The company
anticipates funding the majority of future construction costs to complete this project
through borrowings under the secured acquisition and construction facility.
About Lyme Properties
Lyme Properties was founded in 1993 by David Clem, who built the first life science
laboratories in Kendall Square, Cambridge in the mid-1980s. Today Lyme is one of the
country's most experienced and largest life science developers specializing in the
acquisition, development, and leasing of first-qualify life science and mixed-use properties
located in prime educational, research, and medical centers. In recent years, Lyme has
built lab space for companies such as Genzyme, Millennium, Vertex, Schering-Plough,
Microbia, Metabolix, and Monsanto. Lyme has built and leased over two million square feet
of life science research space and has an additional one million square feet under
development. Additional information is available at
www.lymeproperties.com
.
Lyme's largest joint venture partner, Scottish Widows Investment Partnership, is a UK-based
financial services company offering life insurance, banking and investment opportunities to
its customers. Scottish Widows partnered with Lyme on the Center for Life Science Boston
project. Cushman and Wakefield Boston represented Lyme Properties in the transaction.
About BioMed Realty Trust
BioMed Realty Trust, Inc. is a real estate investment trust (REIT) focused on Providing Real
Estate to the Life Science Industry™. The company's tenants primarily include biotechnology
and pharmaceutical companies, scientific research institutions, government agencies and
other entities involved in the life science industry, and its properties and primary
acquisition targets are generally located in markets with well established reputations as
centers for scientific research, including Boston, San Diego, San Francisco, Seattle,
Maryland, Pennsylvania and New York/New Jersey. BioMed's real estate portfolio consists of
53 properties, representing 89 buildings with approximately 7.7 million rentable square feet
in each of the major life science markets in the United States. Additional information is
available at
www.biomedrealty.com
.
This press release contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995 based on current expectations, forecasts
and assumptions that involve risks and uncertainties that could cause actual outcomes and
results to differ materially. These risks and uncertainties include, without limitation: general risks affecting the real estate industry
(including, without limitation, the inability to enter into or renew leases, dependence on
tenants' financial condition, and competition from other developers, owners and operators of
real estate); adverse economic or real estate developments in the life science industry or
the company's target markets; risks associated with the availability and terms of financing
and the use of debt to fund acquisitions and developments; failure to manage effectively the
company's growth and expansion into new markets, or to complete or integrate acquisitions
successfully; risks and uncertainties affecting property development and construction; risks
associated with downturns in the national and local economies, increases in interest rates,
and volatility in the securities markets; potential liability for uninsured losses and
environmental contamination; risks associated with the company's potential failure to
qualify as a REIT under the Internal Revenue Code of 1986, as amended, and possible adverse
changes in tax and environmental laws; and risks associated with the company's dependence on
key personnel whose continued service is not guaranteed. For a further list and description
of such risks and uncertainties, see the reports filed by the company with the Securities
and Exchange Commission, including the company's most recent annual report on
Form 10-K
and
quarterly reports on
Form 10-Q
. The company disclaims any intention or obligation to update
or revise any forward-looking statements, whether as a result of new information, future
events or otherwise.
# # #

text: Kent Griffin

text: BIOMED REALTY TRUST

text: BioMed Realty Trust, Inc.

text: Alan D. Gold

text: BioMed Realty Trust

text: Cushman and Wakefield Boston

text: BioMed Realty Trust

text: BioMed Realty Trust, Inc.


text:
EX-99
18
sutterex99pressrel.txt
EX 99.1 PRESS RELEASE
Exhibit 99.1
SUTTER ANNOUNCES CLOSING OF DIVERSIFIED RISK ACQUISITION
SAN FRANCISCO, January 28, 2005/PRNewswire/ - Sutter Holding Company, Inc.
(OTCBB: SRHI) today announced that it has closed on the previously announced
acquisition of Diversified Risk Insurance Brokers, a commercial property and
casualty insurance broker based in Emeryville, California. Payment consisted of
a combination of cash and common stock.
In connection with the acquisition of Diversified, we obtained a term loan from
the Bank of Alameda in the amount of $2 million. The loan has a fixed interest
rate of 8%, and is amortized over 10 years with a balloon payment due in 5
years. We simultaneously closed on the private placement of approximately $1.5
million in Series A Preferred stock, which will be used to retire debt and for
general corporate purposes.
In connection with the closing of the Diversified acquisition, Sutter expanded
its board of directors and reorganized its management team. In addition to the
board seat to which the Series A Preferred shareholders are entitled, the former
owners of Diversified Risk will be entitled to appoint two directors to Sutter's
board. The board has also nominated Mr. Jim Corroon to the board of directors,
in a special meeting on January 24. Mr. Corroon accepted the nomination on
January 26. Mr. Corroon is the former chairman and chief executive officer of
Corroon & Black, a global insurance brokerage firm that merged with the Willis
Group.
In the special meeting on January 24, the board also named R. Michael Collins
President and Chief Executive Officer, named William G. Knuff, III Chairman of
the Board, and named Robert E. Dixon Vice-Chairman and Chief Investment Officer.
Mr. Collins will also retain his directorship, and Mr. Knuff will retain the
Chief Financial Officer title. Mssrs. Collins, Knuff, and Dixon accepted these
appointments and executed amended Employment Agreements to reflect the changes
on January 26.
About Sutter Holding Company: Sutter is a diversified financial services holding
company whose operations consist of Easton Mortgage Corporation, Progressive
Lending, LLC, and Diversified Risk Insurance Brokers. Sutter intends to continue
to seek profitable acquisition candidates in the financial services sector.
About Diversified Risk Insurance Brokers: Diversified Risk is one of the largest
independently owned commercial insurance agencies in California. The company
provides services to a broad range of clients in the transportation,
construction, professional, technology, medical, municipal and property industry
segments, and maintains long-standing relationships with a number of major
insurance carriers.
This press release contains certain current and forward-looking statements and
information relating to Sutter Holding Company, Inc. and its subsidiaries,
("we", "us" or the "Company") that are based on the beliefs of its management as
well as assumptions made by and information currently available to its
management. When used in this release, the words "anticipate", "believe",
estimate", expect", "intend", "plan" "future" and similar expressions, as they
relate to the Company or its management, are intended to identify
forward-looking statements. These statements reflecting management's current
view about our proposed business operations are subject to certain risks,
uncertainties and assumptions. Should any of these risks or uncertainties
materialize, or should underlying assumptions prove incorrect, or should
information currently believed to be true prove to be untrue, actual results may
vary materially from those described in this press release as anticipated,
estimated or expected. Factors which could cause or contribute to such
differences include, but are not limited to, factors detailed in the Securities
and Exchange Commission filings of the Company; economic downturns affecting the
operations of the Company or any of its business operations, competition, the
continued ability of the Company to generate or obtain sufficient working
capital to continue its operations, and the ability of the Company to
successfully identify and implement any strategic alternatives. The
forward-looking statements contained in this press release speak only as of the
date hereof and the company disclaims any intent or obligation to update these
forward-looking statements.

text: Sutter Holding Company, Inc.

text: Diversified Risk Insurance Brokers

text: Bank of Alameda

text: Jim Corroon

text: R. Michael Collins

text: William G. Knuff, III

text: Diversified Risk Insurance Brokers

text: Diversified Risk Insurance Brokers

text: Sutter Holding Company, Inc.


text:
EX-99.1
2
ex991.htm
EXHIBIT 99.1
ex991.htm
Exhibit 99.1
Magnolia Solar Corporation Files 2011 Annual Report
Magnolia Made Significant Progress in 2011 and Plans to Start Commercialization Program in 2012
WOBURN, MA and ALBANY, NY - March 30, 2012 - Magnolia Solar Corporation (OTC: MGLT) ("Magnolia Solar", "Magnolia") announced today it filed its annual report with the Securities and Exchange Commission on Thursday, March 29, 2012.
Magnolia Solar is a development stage company focused on next generation nanostructure-based thin film solar cells that can be deposited on glass and other flexible substrates for defense and commercial applications. Magnolia's research and development effort is located at the Albany Nanotech Center of the College of Nanoscale Science and Engineering (CNSE) in Albany. Magnolia is also part of the Photovoltaic Manufacturing Consortium (PVMC) funded by the U.S. Department of Energy under the Sun Shot program. In addition, State of New York and the New York State Energy Research and Development Agency (NYSERDA) have invested approximately $100 million to build a new facility for the PVMC next generation Copper Indium Selenide (CIGS) based manufacturing process development.
During 2012 Magnolia plans to use CNSE's PVMC and Solar Energy Development Center in Halfmoon, New York, a 100 kilowatt prototyping facility, to test and develop manufacturing process. Magnolia believes that the use of this facility to develop, refine, evaluate, and finalize its technology program provides a very cost-effective approach to commercialization.
Magnolia has filed several patents to protect its intellectual property and is adding key technical personnel to validate and commercialize these solar cell technologies. Magnolia's goal is to increase the efficiency from the present thin film solar cell efficiency of about 11% to those rivaling efficiencies of crystalline photovoltaic cells in a commercial environment at a cost of significantly less than current costs; potentially reaching $0.50 per watt.
1
Magnolia has received the following awards to advance the development of its technology:
●
Magnolia Solar received its first purchase order for $1 million award from the New York State Energy Research and Development Authority ("NYSERDA") for the development of advanced thin-film solar cells using its technology, in partnership with the College of Nanoscale Science and Engineering ("CNSE") at the University of Albany. This work successfully transitioned from the first phase to the next phase and the work on this contract is ongoing at present;
●
Magnolia was awarded a contract from the National Aeronautical and Space Administration (NASA) for the development of a quantum-well waveguide technology for solar cell. The work on the NASA contract has been completed. The amount of the award was $99,999;
●
Magnolia was awarded a Phase I contract from the U.S. Air Force to study the development of flexible, lightweight, ultra-high efficiency solar cells. The Phase I contract was for $99,999. Following the work for this contract which demonstrated Magnolia Solar's approach to simultaneously increase the current and voltage output of photovoltaic devices for space power applications, the U.S. Air Force has extended the contract to Phase II of the SBIR to demonstrate the technology. The amount of the Phase II award is $750,000 and the work on this contract is currently underway;
●
Magnolia Solar received a second Phase I award from the U.S. Air Force to develop ultra-high efficiency, single junction quantum dot solar cells that can potentially match the efficiency of multiple junction solar cells at significantly lower costs. The contract amount was $99,999. The work on this contract has been completed;
●
Magnolia received an innovative product development contract from NYSERDA. The baseline program award is $250,000. The goal of this contract is to improve the performance of thin film solar cells by incorporating advanced light trapping techniques and nanostructured optical coatings. Work on this contract is currently underway.
Dr. Ashok Sood, President and CEO stated "In 2011 we made significant advances in the development of our technology. We have demonstrated that our technology can increase both voltage and current to increase the efficiency of thin-film solar cells to levels that have not been achieved in commercial production to date. We have also successfully demonstrated that our nanostructure based antireflective coating technology can achieve near perfect transmittance to potentially eliminate sun light reflection, thereby increasing photon absorption and solar cell efficiency. Our focus in 2012 is to work with our partners in the Albany, New York area to scale up and develop commercial processes for some of these technologies".
Magnolia Solar reported that it had revenue of $675,971 for the fiscal year 2011, which produced a gross profit of $297,910. The indirect and administrative labor, professional fees, depreciation and amortization, and general and administrative expenses were $1,337,399. Magnolia Solar reported a net loss of $2,239,631 or $0.09 per share, which included non-operating expenses relating to interest expenses and amortization of the original issue discount on a note associated with the reverse merger.
2
About Magnolia Solar Corporation:
Based in Woburn, MA and Albany, NY, Magnolia Solar was founded in 2008 to develop and commercialize revolutionary new thin film solar cell technologies that employ nanostructured materials and designs. Both higher current and voltage outputs are expected from thin film solar cells that combine Magnolia's exclusive material structures with advanced optical coatings. Magnolia's patent-pending technology has the ability to capture a larger part of the solar spectrum to produce high efficiency solar cells, and incorporates a unique nanostructure-based antireflection coating technology to further increase the solar cell's efficiency, thereby reducing the cost per watt. Magnolia Solar technology targets electrical power generation applications, such as power for electrical grids and distributed power applications ranging from commercial and residential lighting to specialized military applications.
For more information, please visit www.MagnoliaSolar.com, or visit us on Facebook, Twitter, You Tube, or LinkedIn.
Forward-Looking Statements:
This release contains forward-looking statements, including, without limitation, statements concerning our business and possible or assumed future results of operations. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: our ability to continue as a going concern, adverse economic changes affecting markets we serve; competition in our markets and industry segments; our timing and the profitability of entering new markets; greater than expected costs, customer acceptance of our products or difficulties related to our integration of the businesses we may acquire; and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law.
For more information contact:
info@magnoliasolar.com
3

text: Magnolia Solar Corporation

text: Magnolia Solar Corporation

text: Ashok Sood

text: Magnolia Solar Corporation


text:
EX-99.1
2
v467611_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
Shore United Bank Opens Three Bank Branches in the Greater
Baltimore, Maryland Metropolitan Area
EASTON, Md., May 22, 2017 /PR Newswire/-- Shore Bancshares,
Inc. (NASDAQ: SHBI) announced today that its banking subsidiary, Shore United Bank, has extended its footprint across the Eastern
Shore to the greater Baltimore, Maryland area communities in Elkridge, Owings Mills, and Arbutus by opening the doors of three
former Northwest Bank branches as Shore United Bank today.
The transaction resulted in Shore United Bank, receiving $215
million in assets from Northwest Bank, the bank subsidiary of Northwest Bancshares, Inc.
"We look forward to the opportunities in the Baltimore
market area,"
noted Shore Bancshares' President and Chief Executive Officer, Lloyd
L. "Scott" Beatty, Jr.
"These branches provide geographic diversification for our organization and will
help to support future growth. We have a great team of experienced bankers at these locations to serve the former customers of
Northwest Bank".
"Thank you to all of the employees at Northwest and Shore
United Bank for their commitment and hard work to make this transaction possible, "said Shore United Bank President and Chief
Executive Officer, Patrick Bilbrough.
About Shore Bancshares, Inc.
Shore Bancshares, Inc. is a financial
holding company headquartered in Easton, Maryland and is the largest independent bank holding company located on Maryland's Eastern
Shore. It is the parent company of Shore United Bank; one retail insurance producer firm, The Avon-Dixon Agency, LLC ("Avon-Dixon"),
with two specialty lines, Elliott Wilson Insurance (Trucking) and Jack Martin Associates (Marine); and an insurance premium finance
company, Mubell Finance, LLC ("Mubell"). Shore Bancshares Inc. engages in trust and wealth management services
through Wye Financial & Trust, a division of Shore United Bank.
Additional information is available
at
www.shorebancshares.com
.
Forward-Looking Statements
The statements contained herein that
are not historical facts are forward-looking statements (as defined by the Private Securities Litigation Reform Act of 1995) based
on current expectations and beliefs concerning future developments and their potential effects on the respective companies. Such
statements involve inherent risks and uncertainties, many of which are difficult to predict and are generally beyond the control
of the respective companies. There can be no assurance that future developments affecting the respective companies will be the
same as those anticipated by management. These statements are evidenced by terms such as "anticipate", "estimate,"
"should", "expect", "believe", "intend", and similar expressions. Although these
statements reflect the Companies' good faith beliefs and projections, they are not guarantees of future performance and they
may not prove true. These projections involve risk and uncertainties that could cause actual results to differ materially from
those addressed in the forward-looking statements. Readers should not place under reliance on such forward-looking statements,
which speak only as of the date made. For a discussion of these risks and uncertainties, see the section of the periodic reports
filed by Shore Bancshares, Inc. and Northwest Bancshares, Inc., respectively, with the Securities and Exchange Commission entitled
"Risk Factors".
Shore Bancshares, Inc. contacts:
Lloyd L. (Scott) Beatty, Jr., President
and Chief Executive Officer (410) 819-3052
Edward C. Allen, Senior Vice President
and Chief Financial Officer (443) 262-9319

text:
Shore Bancshares,
Inc.

text: Northwest Bank

text: Northwest Bank

text: Northwest Bank

text: Shore Bancshares, Inc.

text: Shore Bancshares, Inc.

text: Shore Bancshares, Inc.

text: Shore Bancshares, Inc.


text:
EX-99.1
2
a07-22601_1ex99d1.htm
EX-99.1
Exhibit 99.1
TRAVELPORT COMPLETES ACQUISITION OF WORLDSPAN, L.P. CREATING
A GLOBAL LEADER IN TRAVEL DISTRIBUTION SERVICES
$1.4
Billion Deal Makes Travelport One Of The World's Largest Networks Of Travel
Brands
NEW YORK, August 21, 2007
- Travelport Limited, the parent company of
the Travelport group of companies, announced today the completion of its $1.4
billion acquisition of Worldspan, L.P.
This deal makes Travelport one of the world's largest networks of travel
brands, content and service offerings while enabling it to succeed in an
increasingly competitive industry.
"With an expanded global
footprint and proven track record of customer service and technology
leadership, our global team will work to meet the evolving needs of our
customers as a more effective and efficient travel distribution provider in a
rapidly changing industry", said Jeff Clarke, president and CEO of Travelport
and chairman of Orbitz Worldwide. "We will be working on enhancements and
operational efficiencies including systems integrity, fare accuracy, and
ease-of-use that capitalize on the GDS knowledge and experience of Galileo and
Worldspan".
"Galileo will be enhanced by
Worldspan's online distribution technology platform, while Worldspan will
benefit from Galileo's expanded supplier base and expansive content", said
Gordon Wilson, president and CEO of the Travelport GDS division. "The complementary strengths of both
companies will bring improved offerings for our agency and supplier customers,
and we are particularly excited about the technology innovations and breadth of
services we will be able to bring our suppliers and subscribers in the future".
The Travelport GDS division comprises the Galileo and Worldspan businesses;
Shepherd Systems, an expert in the field of providing business and marketing
intelligence to the travel industry; AiRes, the next generation server based
internal airline IT product suite and Thor, a provider of distribution and
marketing services to travel-related companies.
Travelport customers can
expect to benefit from innovations that will provide an enhanced shopping
experience, a rapid re-price system that will reduce the cost and time of
refunding and exchanging airline tickets, and additional localized content for
customers globally, among other new service offerings.
Currently, more than 750
travel suppliers, 63,000 travel agencies and millions of end consumers globally
benefit from the travel distribution services provided by the two
organizations. In 2006 alone, Galileo
and Worldspan produced over 379 million air bookings, while operating in 145
countries and processing as many as 15,000 transactions per second.
About Travelport
Travelport operates
Travelport GDS, comprised of Galileo and Worldspan, and GTA, a wholesaler of
travel content. In addition, it also owns a controlling interest in Orbitz
Worldwide, a leading, global online travel company. With 2006 revenues of $2.6
billion, Travelport has approximately 6000 employees and now operates in 145
countries.
Travelport is a private
company owned by The Blackstone Group of New York, Technology Crossover
Ventures of Palo Alto, California and One Equity Partners of New York.
Media Contact:
Elliot Bloom
973-939-1610
elliot.bloom@travelport.com
Investor Contact:
Raffaele Sadun
973-939-1220
raffaele.sadun@travelport.com

text: TRAVELPORT

text: WORLDSPAN, L.P.

text: Travelport

text: Travelport Limited

text: Travelport

text: Worldspan, L.P.

text: Travelport

text: Jeff Clarke

text: Travelport

text: Gordon Wilson

text: Travelport

text: Travelport

text: Travelport

text: Travelport

text: Travelport

text: Travelport

text: Travelport

text: Travelport


text:
EX-99.1
2
v313756_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
NEWS RELEASE
Rick L. Catt, President
FOR IMMEDIATE RELEASE
And Chief Executive Officer
May 16, 2012
First Robinson Financial Corporation
501 East Main Street
Robinson, IL 62454
FIRST ROBINSON FINANCIAL CORPORATION
DECLARES INCREASE IN CASH DIVIDEND, ANNOUNCES
YEAR-END EARNINGS AND THE COMPANY'S DEREGISTRATION UNDER THE SECURITIES EXCHANGE ACT
Robinson, Illinois
- First Robinson
Financial Corporation (OTCQB: "FRFC"), the Holding Company for First Robinson Savings Bank, National Association, has
announced that the Company will pay an annual cash dividend of $0.95 per share. This represents an increase of $0.05 per share,
or 5.6%, over last year's $0.90 per share. The dividend will be payable on June 15, 2012 to shareholders of record on June
1, 2012. Rick L. Catt, President and Chief Executive Officer, stated that "The support of our shareholders is crucial to
the success of FRFC. The Board of Directors wants to show our appreciation by raising our dividends by almost 6.0% over last year,
our largest dividend in the Company's history. We are proud that we have been able to pay an increased dividend each year
since the Company's formation in March 1997".
The Company also announced earnings for
the fiscal year ended March 31, 2012. We are reporting net income available to common stockholders of $1,916,000 as compared to
$1,395,000 for the fiscal year ended March 31, 2011, an increase of $521,000, or 37.3%. In August 2011, the Company issued 4,900
shares of Series A Non-Cumulative Preferred Shares to the US Treasury for $4.9 million as a result of participation in the Small
Business Lending Fund. These preferred shares bore a dividend of 1%, or $30,000, for the year ending March 31, 2012 compared to
no preferred share dividend for the year ending March 31, 2011. Net interest income after provision for loan losses increased to
$6,126,000 up from $5,157,000 for the year ending March 31, 2012, an increase of $969,000, or 18.8%. Non-interest income was $2,691,000
for the year ended March 31, 2012, compared to $2,569,000 for the year ended March 31, 2011, an increase of $122,000, or 4.7%.
Non-interest expense was $5,760,000 for the year ended March 31, 2012, compared to $5,630,000 for the year ended March 31, 2011,
a slight increase of $130,000 or 2.3%.
Pursuant to the provisions of the Jumpstart
Our Business Startups Act (the "JOBS Act"), the Board of Directors of the Company voted, on May 8, 2012, to deregister
the Company's common stock under the Securities Exchange Act of 1934 (the "Exchange Act"). The JOBS Act, which
was signed into law on April 5, 2012, raises the threshold for requiring banks and bank holding companies to register with the
Securities and Exchange Commission under the Exchange Act to 2,000 record holders, and also increases the threshold under which
banks and bank holding companies are permitted to deregister from the Exchange Act from 300 record shareholders to 1,200 record
shareholders. The Company currently has approximately 439 shareholders of record, and therefore qualifies for deregistration.
Mr. Rick L. Catt, President and Chief Executive
Officer, stated that: "We believe that deregistration will not affect trading in our common stock. We will remain quoted
on the OTCQB tier of the OTC Market. However, by deregistering under the Exchange Act, we will realize substantial cost-savings
in reduced legal and audit expenses, filing fees and other related costs of compliance with the Exchange Act".
Our deregistration will be effective on
August 8, 2012, ninety (90) days from the Company's filing date of May 10, 2012 of its Form 15. After that date, the Company's
quarterly and annual reports, proxy statements and current reports will no longer be filed with the SEC or posted on its website,
although the Company will continue to provide certain annual information and proxy statements to its shareholders. The Company
will also post certain quarterly and annual information on its website.
As of March 31, 2012, the Company had assets
of $215.5 million, liabilities of $196.6 million and stockholders' equity of $18.9 million. Through its banking subsidiary,
the Company operates four full-service offices and one drive-up facility in Robinson, Oblong, and Palestine, Illinois and Vincennes,
Indiana. Both the Company and its banking subsidiary are considered well-capitalized under federal banking regulations.
Except for the historical information contained
herein, the matters discussed in this press release may be deemed to be forward-looking statements that involve risks and uncertainties,
including changes in economic conditions in the Company's market area, changes in policies by regulatory agencies, fluctuations
in interest rates, the risks of lending and investing activities, including changes in the level and direction of loan delinquencies
and charge-offs and changes in estimates of the adequacy of the allowance for loan losses, demand for loans and deposits in the
Company's market area, and competition. Actual strategies and results in future periods may differ materially
from those currently expected. The Company's reports filed from time to time with the Securities and Exchange Commission,
including the Company's Form 10-K for the year ended March 31, 2011, describe some of these risk factors. These forward-looking
statements represent the Company's judgment as of the date of this release. The Company disclaims however, any
intent or obligation to update these forward-looking statements.
SELECTED CONSOLIDATED FINANCIAL INFORMATION
FIRST ROBINSON FINANCIAL CORPORATION
For the Year Ended
March 31,
2012
2011
(In thousands, except per share data)
(Unaudited)
(Audited)
Operation Data
:
Total Interest Income
$
8,390
$
8,309
Total Interest Expense
1,566
2,417
Net Interest Income
6,824
5,892
Provision for Loan Losses
698
735
Net Interest Income After Provision
6,126
5,157
Total Non-Interest Income
2,691
2,569
Total Non-Interest Expense
5,760
5,630
Income Before Taxes
3,057
2,096
Provision for Income Taxes
1,111
701
Net Income
1,946
1,395
Preferred Stock Dividends
30
-
Net Income Available to Common Stockholders
1,916
1,395
Basic Earnings per Common Share
$
4.67
$
3.38
Diluted Earnings per Common Share
$
4.49
$
3.25
Selected Ratios and Other Data
:
Return on Average Assets
0.92
%
0.71
%
Return on Average Stockholders' Equity
11.74
%
11.24
%
Average Assets
$
207,561
$
195,066
Average Stockholders' Equity
16,327
12,411
Balance Sheet Data
:
Total Assets
$
215,494
$
208,831
Total Liabilities
196,571
196,066
Stockholders' Equity
18,923
12,765

text: Rick L. Catt

text: First Robinson Financial Corporation

text: FIRST ROBINSON FINANCIAL CORPORATION

text:
First Robinson
Financial Corporation

text: Rick L. Catt

text: Rick L. Catt

text: FIRST ROBINSON FINANCIAL CORPORATION


text:
EX-99.1
2
pressrelease991.htm
PRESS RELEASE
BP x1-53788 -- Teda Travel Group Inc. -- Exhibit 99.1
EXHIBIT 99.1
Press Release
TEDA Travel Group Completes Acquisition of A Luxury Hotel Management Company
HONG KONG, November 11 /Xinhua-PRNewswire/ -- TEDA Travel Group, Inc. (OTC Bulletin Board:
TTVL
-
News
), announced today it has completed its acquisition of a 60% share in Landmark Hotel International Group Ltd ("Landmark").
TEDA Travel Group CEO, Mr. Godfrey Hui said, "We are glad that we have closed the deal with Landmark, it will add 13 hotels to our portfolio which is a number higher than the 11 hotels announced earlier. Both companies are booming really quickly. " Upon completion of the Landmark acquisition, the number of hotels managed by TEDA Travel Group will increase from 3 to 16.
The Agreement calls for TEDA Travel Group to acquire a 60% equity interest in Landmark where it holds all its current management contracts. Landmark also guarantees profitability of the venture for the years 2005-2007. Failing this, the consideration payable to the acquiree can fall to zero.
Landmark executives, under the leadership of Mr. Philip Chi Ming Cheung, have successfully managed more than 20 similar hotel projects since the year 2000, and have established a well-known, well-managed high-end brand in China. Landmark has concentrated its primary efforts on both pre-operating planning, and efficient management.
Chinese customers are very sophisticated and brand conscious, therefore developing a recognised brand is an important consideration for any hotel chain to reap the rewards of increasing business and leisure travels.
About TEDA Travel Group, Inc.
TEDA Travel is a property management company providing services to hotels and resorts throughout China. The company is responsible for the supervision and day-to-day operations of the properties it manages. In addition to its property management division, TEDA Travel also has its own portfolio of real estate investments. Leveraged on its existing core businesses and the brand name "TEDA", one of most recognized names in China, TEDA Travel intends to become a market leader in the fast growing Chinese travel and real estate services industry.
About Tianjin Economic and Technological Development Area (TEDA)
Tianjin Economic and Technological Development Area (TEDA) is one of earliest approved and best state-level development zones in China. TEDA has now has a developed area of 33 square kilometers (approximately 20 square miles). TEDA is located to the southeast of Tianjin City, about 45 kilometers (27 miles) away from downtown and 140 kilometers (84 miles) from Beijing. TEDA enjoys easy access to North China, Northeast China and Northwest China.
Safe Harbor Statement
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; the Company's ability to execute its business model and strategic plans; and the risks described from time to time in the Company's SEC filings.

text: TEDA Travel Group

text: TEDA Travel Group, Inc.

text: Landmark Hotel International Group Ltd

text: Landmark

text: TEDA Travel Group

text: Godfrey Hui

text: Landmark

text: Landmark

text: TEDA Travel Group

text: TEDA Travel Group

text: Landmark

text: Landmark

text: Landmark

text: Philip Chi Ming

text: Landmark

text: TEDA Travel Group, Inc.


text:
EX-99.1
9
exhibit99-1.htm
EXHIBIT 99.1
Sphere 3D Corporation.: Exhibit 99.1 - Filed by newsfilecorp.com
Sphere 3D Corp. Completes Divesture of Overland Storage
SAN JOSE, Calif., November 14, 2018 - Sphere 3D Corp. (NASDAQ:
ANY) ("Sphere 3D" or the "Company") announced today that it has closed the
previously announced transactions contemplated by that certain Share Purchase
Agreement dated February 20, 2018 (the "Share Purchase Agreement"), as amended,
by and among the Company, Overland Storage, Inc., a wholly owned subsidiary of
the Company ("Overland"), and Silicon Valley Technology Partners, Inc., a
corporation established by Eric Kelly, the Company's Chief Executive Officer,
who currently serves as the chief executive officer and chairman of the board of
directors of such corporation ("Purchaser").
Pursuant to the closing of the transactions contemplated under
the Share Purchase Agreement (the "Closing"), as described in the press release
issued by the Company on November 1, 2018, the Company sold to Purchaser all of
the issued and outstanding shares of capital stock of Overland in consideration
for the issuance to the Company of shares of preferred stock of Purchaser (the
"SVTP Shares") representing 19.9% of the outstanding shares of capital
stock of Purchaser as of the Closing, and the release of the Company and all of its
subsidiaries (other than Overland) from all the obligations and liabilities
under the Company's principal existing indebtedness and assumption thereof by
Purchaser. Among other things, in connection with the Closing:
.
$6.5 million of the outstanding principal amount of that
certain 8% Senior Secured Convertible Debenture, dated December 1, 2014,
by and between the Company and FBC Holdings S.A.R.L ("FBC"), having an
outstanding principal amount of $24.5 million (as amended, the
"Debenture") was converted into 6,500,000 non-voting preferred shares of
the Company;
.
the Company and its subsidiaries were released as
obligors and guarantors under the Debenture and under the Company's Credit
Agreement, dated April 6, 2016, as amended and as assigned to FBC, having
an outstanding principal amount of $18.9 million; and
.
the Subordinated Promissory Note, dated December 11,
2017, by and between Overland and MF Ventures, LLC, having an outstanding
principal amount of $2.2 million remained an obligation solely of
Overland, and the Company has no obligations pursuant thereto.
The value of the liabilities of the Company that were released
upon the Closing exceeded $45.0 million (the amount of the purchase price contemplated by
the Purchase Agreement).
In connection with the consummation of the Share Purchase, Eric
Kelly resigned as a director of the Company and as Chairman of the Board of
Directors of the Company and has been appointed chief executive officer and
chairman of the board of directors of Overland.
In addition, the Company entered into a Secured Promissory Note
(the "Secured Note") issued by Overland in favor of the Company and HVE Inc, a
wholly-owned subsidiary of the Company, in the principal amount of $500,000. The
proceeds from the Secured Note will be used to pay certain expenses on or after
the Closing. The Secured Note matures on May 13, 2019 and accrues interest at a
rate equal to 8% per annum. The Company granted a security interest to
Overland in
all the SVTP Shares held by the Company to secure the Company's obligations
under the Secured Note.
For additional information regarding the Closing and the
transactions completed in connection therewith, reference is made to the
Company's Current Report on Form 8-K dated the date hereof and filed on EDGAR at
www.sec.gov and on SEDAR at www.sedar.com.
About Sphere 3D
Sphere 3D Corp. (NASDAQ: ANY) delivers containerization,
virtualization, and data management solutions via hybrid cloud, cloud and
on-premise implementations through its global reseller network and professional
services organization. Sphere 3D, along with its wholly owned subsidiaries, has
a strong portfolio of brands, including HVE ConneXions, dedicated to helping
customers achieve their IT goals.
For more information, visit www.sphere3d.com. Follow us on
Twitter @Sphere3D
,
@HVEconneXions.
Safe Harbor Statement
This press release contains forward-looking statements,
which include, among others, Sphere 3D's expectations, beliefs, plans,
objectives, prospects, financial condition, assumptions or future events or
performance, that may involve risks, uncertainties, and assumptions concerning
the Company's business and products, including our ability to continue
operations without the business of our former subsidiary, Overland Storage,
Inc., our ability to raise additional capital through equity or debt financings,
the market adoption, actual performance and functionality of our products; our
inability to comply with the covenants in associated with our preferred shares;
any increase in our future cash needs; our ability to maintain compliance with
NASDAQ Capital Market listing requirements; unforeseen and proposed changes in
the course of Sphere 3D's business or the business of its wholly-owned
subsidiaries; the level of success of our collaborations and business
partnerships; possible actions by customers, partners, suppliers, competitors or
regulatory authorities; and other risks detailed from time to time in our
periodic reports contained in our Annual Information Form and other filings with
Canadian securities regulators (
www.sedar.com
)
and in periodic reports filed with the United States Securities and Exchange
Commission (
www.sec.gov
). All
forward-looking statements speak only as of the date of this written
communication. Sphere 3D undertakes no obligation to update any forward-looking
statement, whether written or oral, that may be made from time to time, whether
as a result of new information, future developments or otherwise, except as
required by law.
Investor Contact:
Tina Brown
+1-408-283-4731
Investor.relations@sphere3d-overland.com

text: Sphere 3D Corp.

text: Sphere 3D Corp.

text: Overland Storage, Inc.

override: organization

text: Eric Kelly

text:
Eric
Kelly

text: Sphere 3D Corp.

text:
Overland Storage,
Inc.


text:
EX-99.1
2
v325455_ex99-1.htm
EXHIBIT 99.1
AURORA GOLD CORPORATION
NEWS RELEASE 3 - 2012
Trading Symbols:
CUSIP No. 051642106
OTC Markets: OTCQB: ARXG
WKN: (Germany) 904846
FRANKFURT: 579617.F, A4G.F, A4G.DE
BERLIN-BREMEN: A4G.BE
Stuttgart: A4G.SG
Aurora Gold
Corp Completes US$ 5 Million private placement with Alltech Capital Limited.
Zug, Switzerland-(MARKET WIRE) - October 8, 2012
- Aurora Gold Corporation (the "Company", or "Aurora") (OTCQB: ARXG), is a mineral exploration company
focusing on exploration and development in the Tapajos Gold Province, State of Pará, Brazil.
The board of Aurora is pleased to announce
the completion of a private placement for the sale of 135,000,000 shares of the Company at a price of US$0.037 per share, raising
a total of US$5,000,000.
The shares have been placed with Alltech
Capital Limited (Alltech), a company incorporated under the laws of Gibraltar and the funds will provide working capital and enable
further exploration and evaluation of Aurora's Sao Domingo Property.
The Alltech Group is active across a broad
spectrum of industries including Gold, Oil and Gas exploration, Coal (Anthracite) production and the Development of commercial
and residential real estate.
Aurora is preparing to increase the technical
staff in Brazil with the view to concurrently expand the current resource base on Sao Domingo at the Fofoca Resource area, and
to test the lateral and depth extent of the recently discovered Toucano gold occurrence.
The Company has completed a revised exploration
plan and budget for bulk sampling, trenching and drilling.
The board of Aurora feels the Toucano occurrence
could evolve as the Company's flagship target on the Sao Domingo property and previously had a technical team on site evaluating
the geometry and mineralisation. Geochem and geophysics are included in the budget and results will assist the planning of the
drill hole locations.
Mr. Lars Pearl, Aurora's CEO, stated, "This
re-focusing of the Company's direction and work on our Sao Domingo property starts a whole new period of excitement and project
development for Aurora and its shareholders. The union with Alltech and the introduction of a fresh, motivated and highly skilled
technical team will see Aurora achieve the goals that for so long have been expected".
Aurora's common stock is also traded on the Stuttgart
and the Berlin-Bremen Stock Exchanges in Germany under the symbols "(Stuttgart:
A4G.SG
-
News
) (Frankfurt:
A4G.F
-
News
) (XETRA:
A4G.DE
-
News
) (Berlin:
A4G.BE
-
News
)."
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release contains statements
that plan for or anticipate the future, called "forward-looking statements." In some cases, you can identify forward-looking
statements by terminology such as "may", "will", "should", "could", "expects,"
"plans", "intends", "anticipates", "believes", "estimates", "predicts,"
"potential" or "continue" or the negative of those terms and other comparable terminology.
These forward-looking statements appear
in a number of places in this press release and include, but are not limited to, statements about: our market opportunity; revenue
generation; our strategies; competition; expected activities and expenditures as we pursue our business plan; the adequacy
of our available cash resources; our ability to acquire properties on commercially viable terms; challenges
to our title to our properties; operating or technical difficulties in connection with our exploration and development activities;
currency fluctuations; fluctuating market prices for precious and base metals; the speculative nature of precious and base metals
exploration and development activities; environmental risks and hazards; governmental regulations; and conduct of operations in
politically and economically less developed areas of the world.
Many of these contingencies and uncertainties
can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking
statements made by, or on behalf of, us. Forward-looking statements are not guarantees of future performance. All of
the forward-looking statements made in this press release are qualified by these cautionary statements. Specific reference
is made to our most recent annual report on Form 10KSB and other filings made by us with the United States Securities and Exchange
Commission for more detailed discussions of the contingencies and uncertainties enumerated above and the factors underlying the
forward-looking statements. These reports and filings may be inspected and copied at the Public Reference Room maintained by the
U.S. Securities and Exchange Commission at 100 F Street, N.E., Washington, D.C. 20549. You can obtain information about operation
of the Public Reference Room by calling the U.S. Securities and Exchange Commission at 1-800-SEC-0330. The U.S. Securities
and Exchange Commission also maintains an Internet site that contains reports, proxy and information statements, and other information
regarding issuers that file electronically with the U.S. Securities and Exchange Commission at
http://www.sec.gov
.
We disclaim any intention or obligation
to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except to
the extent required by applicable laws.
This press release is for informational
purposes only and is not and should not be construed as an offer to solicit, buy, or sell any security.
For further information, please contact Lars Pearl.
Aurora Gold Corporation
Lars Pearl
President, CEO & Director
C/- Coresco AG,
Level 3, Gotthardstrasse 20
6304 Zug, Switzerland
Tel. (+41) 7887 96966
http://www.aurora-gold.com/

text: AURORA

text: Aurora

text: Alltech Capital Limited

text: Aurora

text: Aurora

text: Aurora

text: Alltech

text: Alltech

text: Aurora

text: Alltech

text: Aurora

text: Aurora

text: Lars Pearl

text: Aurora

text: Aurora

text: Alltech

text: Aurora

text: Aurora

text: Lars Pearl

text: Aurora

text: Lars Pearl


text:
EX-99.1
16
exhibit15.htm
EX-99.1
EX-99.1
Contact:
Julia McCartney, 714.667.8252, ext. 230
julia.mccartney@grubb-ellis.com
Grubb & Ellis Apartment REIT Acquires
Creekside Crossing in Lithonia, Ga.
SANTA ANA, Calif. (July 2, 2008) - Grubb & Ellis Apartment REIT, Inc. today announced the
acquisition of Creekside Crossing in the Atlanta suburb of Lithonia.
Creekside Crossing is a Class A, 280-unit multifamily property totaling
approximately 281,000 of rentable square feet. Completed in 2003, the property consists of 10
three- and four-story buildings that offer nine different floor plans ranging in size from
approximately 704-square-foot one bedroom and one bath units to 1,384-square-foot three bedroom and
two bath units. The site also includes a two-story leasing center, a car care center and 37
storage units. Property amenities include a fitness center, business center, swimming pool and
controlled access gates. Unit features include full-size washer and dryer connections, kitchen
pantries, walk-in closets and a patio or balcony.
Located at 100 Cavalier Crossing, Creekside Crossing is within close proximity to Interstate
20 and offers easy access to Interstate 285. The property provides 488 parking spaces and is
currently 92 percent occupied.
"Creekside Crossing is an excellent property that further diversifies the existing Grubb &
Ellis Apartment REIT portfolio", said Grubb & Ellis Apartment REIT Chief Executive Officer Stanley
J. Olander, Jr. "The property is located in a thriving market and has a high tenancy rate, in turn
adding economic strength to the REIT's portfolio".
According to Fortune Magazine, Atlanta ranks third among cities in the nation with the most
Fortune 500 headquarters, and is home to Coca-Cola, Home Depot, United Parcel Service and Delta Air
Lines. Additionally, the Greater Atlanta region boasts an unemployment rate of 4.9 percent as of
April 2008, lower than the national rate of 5.5 percent, according to the United States Bureau of
Labor Statistics.
Grubb & Ellis Apartment REIT purchased Creekside Crossing from Harbor Group International,
represented by David Gutting and Todd Trepke of Cushman & Wakefield, Inc. Freddie Mac financing was
arranged by Don Marshall, Mike Bryant and John Reed with Capmark Finance.
As of June 20, 2008, Grubb & Ellis Apartment REIT has sold approximately 12 million shares of
its common stock, excluding the shares issued under its distribution reinvestment plan, for
approximately $120 million through its initial public offering, which began in the third quarter of
2006.
Grubb & Ellis Apartment REIT offers a monthly distribution of 7.00 percent per annum and, as
of June 26, 2008, has made 11 geographically diverse acquisitions with a total portfolio valued at
approximately $275 million, based on purchase price.
About Grubb & Ellis
Grubb & Ellis Company (NYSE: GBE), one of the largest and most respected commercial real estate
services companies, is the sponsor of Grubb & Ellis Apartment REIT, Inc. With more than 130 owned
and affiliate offices worldwide, Grubb & Ellis offers property owners, corporate occupants and
investors comprehensive integrated real estate solutions, including transaction, management,
consulting and investment advisory services supported by proprietary market research and extensive
local market expertise.
Grubb & Ellis and its subsidiaries are leading sponsors of real estate investment programs that
provide individuals and institutions the opportunity to invest in a broad range of real estate
investment vehicles, including tax-deferred 1031 tenant-in-common (TIC) exchanges; public
non-traded real estate investment trusts (REITs) and real estate investment funds. As of March 31,
2008, more than $3.4 billion in investor equity has been raised for these investment programs. The
company and its subsidiaries currently manage a growing portfolio of more than 218 million square
feet of real estate. In 2007, Grubb & Ellis was selected from among 15,000 vendors as Microsoft
Corporation's Vendor of the Year. For more information regarding Grubb & Ellis Company, please
visit www.grubb-ellis.com.
FORWARD-LOOKING LANGUAGE
This press release contains certain forward-looking statements with respect to the importance that
the property adds to the Grubb & Ellis Apartment REIT portfolio, and the enhancement of stockholder
value. Forward-looking statements are statements that are not descriptions of historical facts and
include statements regarding management's intentions, beliefs, expectations, plans or predictions
of the future, 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. Because such statements include
risks, uncertainties and contingencies, actual results may differ materially from those expressed
or implied by such forward-looking statements. These risks, uncertainties and contingencies
include, but are not limited to, the following: uncertainties relating to changes in general
economic and real estate conditions; uncertainties relating to the economy of the Greater Atlanta
area; the strengths and financial condition of Creekside Crossing; the uncertainties relating to
the implementation of our real estate investment strategy; and other risk factors as outlined in
the company's prospectus, as amended from time to time, and as detailed from time to time in our
periodic reports, as filed with the Securities and Exchange Commission.

text: Grubb & Ellis Apartment REIT

text: Creekside Crossing

text: Grubb & Ellis Apartment REIT, Inc.

text: Creekside Crossing

text: Creekside Crossing

text: Creekside Crossing

text: Creekside Crossing

text:
Grubb &
Ellis Apartment REIT

text: Grubb & Ellis Apartment REIT

text: Grubb & Ellis Apartment REIT

text: Creekside Crossing

text: Harbor Group International

text: Cushman & Wakefield, Inc.

text: Freddie Mac

text: Capmark Finance

text: Grubb & Ellis Apartment REIT

text: Grubb & Ellis Apartment REIT

text: Grubb & Ellis Apartment REIT, Inc.

text: Grubb & Ellis Apartment REIT

text: Creekside Crossing


text:
EX-99.1
2
exhibit991pressrelease-ack.htm
EXHIBIT 99.1
Exhibit
Exhibit 99.1
Urban Edge Properties
For Additional Information:
888 Seventh Avenue
Mark Langer, EVP and
6th Floor
Chief Financial Officer
New York, NY 10019
(212) 956-0082
FOR IMMEDIATE RELEASE:
Urban Edge Properties Closes Acquisition of $325 Million, Seven Asset Portfolio
New York, NY, May 25, 2017 - Urban Edge Properties (NYSE: UE) today announced that it has closed on the acquisition of seven retail assets comprising 1.5 million square feet of gross leasable area, predominately in the New York City metropolitan area, for $325 million. The portfolio was privately owned for more than three decades and is currently 83% leased.
The contributors exchanged their property interests for approximately $122 million of UE operating partnership units valued at $27.02 per unit. UE assumed approximately $33 million of existing mortgage debt, issued approximately $126 million of new non-recourse, secured mortgage debt and funded the remaining $44 million in cash.
The acquired portfolio includes:
Property
Location
GLA SF
Occupancy
Key Tenants
Yonkers Gateway Center
Yonkers, NY
436,770
88%
Burlington, Best Buy, DSW, PetSmart, Alamo Drafthouse Cinema
The Plaza at Woodbridge
Woodbridge, NJ
413,013
81%
Raymour & Flanigan, Toys "R" Us, Best Buy
The Plaza at Cherry Hill
Cherry Hill, NJ
412,969
74%
Raymour & Flanigan, Aldi, LA Fitness
Manchester Plaza
Manchester, MO
130,934
89%
Academy Sports, Bob's Furniture
Millburn Gateway Center
Millburn, NJ
102,725
97%
Trader Joe's, CVS, PetSmart
21 E Broad St/One Lincoln Plaza
Westfield, NJ
21,908
100%
PNC Bank, Five Guys, Cake Boss
Total
1,518,319
83%
Newmark Grubb Knight Frank represented the contributors in the transaction. Goodwin Procter LLP served as legal advisor to UE and Ira Meislik of Meislik & Meislik coordinated the legal team advising the contributors.
ABOUT URBAN EDGE PROPERTIES
Urban Edge Properties is a NYSE-listed real estate investment trust focused on managing, developing, redeveloping and acquiring retail real estate in urban communities, primarily in the New York metropolitan region. Urban Edge owns 92 properties totaling 16.7 million square feet of gross leasable area.

text: Urban Edge Properties

text: Urban Edge Properties

text: Urban Edge Properties

text: Newmark Grubb Knight Frank

text: Goodwin Procter LLP

text: Meislik & Meislik

text: URBAN EDGE PROPERTIES

text: Urban Edge Properties


text:
EX-99.1
3
nbft_ex99z1.htm
EXHIBIT 99.1
STOCK EXCHANGE RELEASE
NABUFIT Global Inc.
NEWS RELEASE
626 East 1820 North
Orem, UT 84097
U.S.A.
NABUFIT Global, Inc. Sells Operating Subsidiaries
Effective August 30, 2017, NABUFIT Global, Inc. ("the Company") announced the sale of its three wholly owned subsidiaries: NABUFIT Global ApS, NABUFIT IP ApS and NABUFIT China Ltd ("Operating Subsidiaries") to NABUFIT Finance ApS, a Danish entity ("Finance"). In consideration for all the issued and outstanding capital stock of the Operating Subsidiaries, Finance paid NABUFIT Global, Inc. a cash payment and agreed to assume all liabilities, obligations and future operating expenses and assume the operations of the Operating Subsidiaries. In addition, Finance agreed to pay the Company additional consideration from amounts which it receives from one or more of the Operating Subsidiaries as a tax refund later in 2017.
As a result of the sale of the Operating Subsidiaries, the Company has no active business operations and will now search for future merger or acquisition candidates, and is therefore considered a "shell corporation" as defined in Rule 144(i)(1) of the Securities Act.
Brian Metz; CEO of the Company said "over the past two years we have developed a world class health and fitness portal and mobile applications. Although we have seen increased interest from potential users of the products, the Company has been unable to raise the significant capital required to sufficiently market the products and services on a global basis as anticipated. The management of Finance will take over the operations, liabilities and seek to raise the capital necessary to market the products and services. The Company and its board of directors viewed the sale of the Operating Subsidiaries, along with their liabilities and significant capital requirements, as the best option for the Company and its shareholders".
"We are actively seeking to merge with or acquire one or more private companies to create business opportunities for the Company. We believe an appropriate merger or an acquisition strategy will create a foundation upon which the Company can expand into new markets and add new technologies, products, or services".
About NABUFIT Global, Inc.
NABUFIT Global, Inc. is a US public company (NBFT). NABUFIT developed an online fitness platform for health and well-being through physical exercises, nutrition and lifestyle. The platform offers an interactive, customized experience founded on the workouts and participation of Sports Stars among here Neymar Jr., Mo Farrah, Peter Schmeichel, Michael Maze. The operations of the NABUFIT business has been headquartered in Denmark. Upon the disposition
of the Operating Subsidiaries, Finance will take over the active business operations related to the NABUFIT platform and other products and services. At this time, NABUFIT Global, Inc. has no business operations.
Forward-Looking Statements
Statements about the expected timing, and all other statements in this press release, other than historical facts, constitute forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements speak only as of the date hereof and are based on current expectation and involve many assumptions, risks and uncertainties that could cause actual results to differ materially from those projected. Many of the matters discussed herein that are not historical or current facts deal with potential future circumstances and developments that may or may not materialize. This press release speaks only as of its date, and except as required by law, we disclaim any duty to update.
Contacts NABUFIT Global, Inc.:
Brian Mertz; CEO
+45023903300
bm@nabufit.com
Bob Bench: CFO
801-362-2115
bobbench@nabufit.com

text: NABUFIT Global, Inc.

text: NABUFIT Global, Inc.

text: NABUFIT Global ApS

text: NABUFIT IP ApS

text: NABUFIT China Ltd

text: NABUFIT Finance ApS

text: NABUFIT Global, Inc.

text: NABUFIT Global, Inc.

text: NABUFIT Global, Inc.

text: NABUFIT Global, Inc.

text: NABUFIT Global, Inc.


text:
EX-99.1
2
file002.htm
PRESS RELEASE DATED APRIL 20, 2005
NEWS RELEASE
FOR RELEASE APRIL 20, 2005, 5:30 A.M. PACIFIC STANDARD TIME
FOR MORE INFORMATION CONTACT:
Michael Prichinello
Modern Message
212 531-8273
mikep@modernmessage.com
PERFECTDATA CORPORATION ACQUIRES SONA MOBILE, INC.
SIMI VALLEY, CALIFORNIA, APRIL 20, 2005 - - PerfectData Corporation (OTC
Bulletin Board: PERF.OB) announced today that it has completed the acquisition
of Sona Mobile, Inc. by virtue of a reverse merger. As a result, Sona Mobile is
now a wholly owned subsidiary of PerfectData and the former Sona Mobile
shareholders will own approximately 80% of PerfectData on a fully diluted basis.
In connection with the Merger, PerfectData's Chairman, CEO and four out of its
five directors have resigned and were replaced by Sona Mobile officers and
directors.
"Transitioning to public status is a significant development for Sona Mobile and
its clients alike", said John Bush, president and CEO of Sona Mobile. "As a
publicly traded company, we will be able to execute on our growth strategy more
aggressively and further develop additional winning applications that our
customers are asking for".
Sona Mobile, Inc. (www.sonamobile.com), through its wholly-owned subsidiary,
Sona Innovations, Inc., develops and markets real-time data applications for
mobile devices that allow users to execute secure transactions, view all kinds
of streaming data and entertainment and exchange data with corporate systems -
wherever, whenever. Sona Mobile also makes it possible for clients to integrate
their in-house information with publicly available information from markets data
and news services, such as Telerate.
"After a long search for a merger candidate which would increase stockholder
value for the PerfectData stockholders, we are very pleased to have consummated
this Merger with Sona and look forward to a fruitful relationship", Harris A.
Shapiro, the former chairman and CEO of PerfectData, stated.
Sona Mobile's applications are used by some of the largest financial
institutions in the world. Sona Mobile has offices in the United States, Canada
and the United Kingdom.
The release herein may contain or identify a forward-looking statement. These
statements are based on a number of assumptions and estimates, which are
inherently subject to uncertainty and contingencies, many of which are beyond
the control of the Company and reflect future business decisions, which are
subject to change.
John Bush Shawn Kreloff
President & CEO Chairman
416 866-4100 416-866-4100

text: PERFECTDATA CORPORATION

text: SONA MOBILE, INC.

text: PerfectData Corporation

text: Sona Mobile, Inc.

text: John Bush

text: Sona Mobile, Inc.

text: John Bush

text: Shawn Kreloff


text:
EX-99.1
2
a17-22743_1ex99d1.htm
EX-99.1
Exhibit 99.1
Enviva Partners, LP Completes Wilmington Terminal Drop-Down Acquisition
BETHESDA, MD, October 2, 2017 - Enviva Partners, LP (NYSE: EVA) (the "Partnership" or "we") has completed the previously announced acquisition of Enviva Port of Wilmington, LLC ("Wilmington") from Enviva Wilmington Holdings, LLC (the "Hancock JV"), a joint venture between our sponsor and affiliates of John Hancock Life Insurance Company.
"We are pleased to announce the completion of the Wilmington terminal acquisition, our third drop-down transaction since our IPO", said John Keppler, Chairman and Chief Executive Officer. "This acquisition adds a strategically located asset that complements our existing portfolio of plants and ports. Ownership and control over deep-water, dry bulk terminaling and storage facilities like the Wilmington terminal, the scarcest portion of our industry's value chain, is a key part of our long-term growth strategy".
Wilmington Terminal Drop-Down
Wilmington owns a fully operational deep-water marine terminal in Wilmington, North Carolina (the "Wilmington terminal"). The Wilmington terminal is capable of receiving product by rail and truck, storing up to 90,000 metric tons of wood pellets, and loading up to panamax-sized vessels. It utilizes state-of-the-art handling equipment and storage infrastructure designed to maintain product quality and safety with throughput capacity of up to 3.0 million metric tons per year ("MTPY") of wood pellets.
Wilmington will handle up to approximately 600,000 MTPY of throughput volume from the Partnership's production plant in Sampson County, North Carolina and is party to a long-term terminal services agreement with our sponsor to handle throughput volumes sourced by our sponsor from a third-party production plant. The terminal services agreement with our sponsor is subject to deficiency payments if minimum throughput requirements are not met. In addition, the Wilmington terminal is expected to receive, store, and load wood pellets from the Hancock JV's planned production plant in Hamlet, North Carolina (the "Hamlet plant"). Upon completion of the Hamlet plant, a terminal services agreement between Wilmington and the Hancock JV is expected to provide for deficiency payments if minimum throughput requirements from the Hamlet plant are not met.
The Partnership previously agreed to purchase Wilmington from the Hancock JV for total consideration of $130.0 million pursuant to a contribution agreement between the Partnership and the Hancock JV (the "Wilmington Contribution Agreement"). Today, the Partnership made an initial payment of $56.0 million, adjusted in accordance with the terms of the Wilmington Contribution Agreement for estimated working capital at the time of the closing, which was funded with borrowings under the Partnership's revolving credit facility and cash on hand. In addition, upon first deliveries to the Wilmington terminal from the Hamlet plant, the Partnership will make another payment of $74.0 million to the Hancock JV, subject to certain conditions.
Evercore served as exclusive financial advisor and Andrews Kurth Kenyon LLP served as legal counsel to the conflicts committee of the board of directors of the Partnership's general partner. Vinson & Elkins LLP served as legal counsel to the Hancock JV.
About Enviva Partners, LP
Enviva Partners, LP (NYSE: EVA) is a publicly traded master limited partnership that aggregates a natural resource, wood fiber, and processes it into a transportable form, wood pellets. The Partnership sells a significant majority of its wood pellets through long-term, take-or-pay agreements with creditworthy customers in the United Kingdom and Europe. The Partnership owns and operates six plants with a combined production capacity of nearly three million metric tons of wood pellets per year in Virginia, North Carolina, Mississippi, and Florida. In addition, the Partnership exports wood pellets through its owned marine terminal assets at the Port of Chesapeake, Virginia, and Port of Wilmington, North Carolina and from third-party marine terminals in Mobile, Alabama and Panama City, Florida.
To learn more about Enviva Partners, LP, please visit our website at www.envivabiomass.com.
2
Cautionary Note Concerning Forward-Looking Statements
Certain statements and information in this press release, including those concerning our future results of operations, acquisition opportunities, and distributions, may constitute "forward-looking statements." The words "believe", "expect", "anticipate", "plan", "intend", "foresee", "should", "would", "could", or other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. These forward-looking statements are based on the Partnership's current expectations and beliefs concerning future developments and their potential effect on the Partnership. Although management believes that these forward-looking statements are reasonable when made, there can be no assurance that future developments affecting the Partnership will be those that it anticipates. The forward-looking statements involve significant risks and uncertainties (some of which are beyond the Partnership's control) and assumptions that could cause actual results to differ materially from the Partnership's historical experience and its present expectations or projections. Important factors that could cause actual results to differ materially from forward-looking statements include, but are not limited to: (i) the volume of products that we are able to sell; (ii) the price at which we are able to sell our products; (iii) failure of the Partnership's customers, vendors, and shipping partners to pay or perform their contractual obligations to the Partnership; (iv) the creditworthiness of our financial counterparties; (v) the amount of low-cost wood fiber that we are able to procure and process, which could be adversely affected by, among other things, operating or financial difficulties suffered by our suppliers; (vi) the amount of products that we are able to produce, which could be adversely affected by, among other things, operating difficulties; (vii) changes in the price and availability of natural gas, coal, or other sources of energy; (viii) changes in prevailing economic conditions; (ix) our inability to complete acquisitions, including acquisitions from our sponsor, or to realize the anticipated benefits of such acquisitions; (x) unanticipated ground, grade, or water conditions; (xi) inclement or hazardous weather conditions, including extreme precipitation, temperatures, and flooding; (xii) environmental hazards; (xiii) fires, explosions, or other accidents; (xiv) changes in domestic and foreign laws and regulations (or the interpretation thereof) related to renewable or low-carbon energy, the forestry products industry, or power generators; (xv) changes in the regulatory treatment of biomass in core and emerging markets for utility-scale generation; (xvi) inability to acquire or maintain necessary permits or rights for our production, transportation, and terminaling operations; (xvii) inability to obtain necessary production equipment or replacement parts; (xviii) operating or technical difficulties or failures at our plants or deep-water marine terminals; (xix) labor disputes; (xx) inability of our customers to take delivery of our products; (xxi) changes in the price and availability of transportation; (xxii) changes in foreign currency exchange rates; (xxiii) failure of our hedging arrangements to effectively reduce our exposure to interest and foreign currency exchange rate risk; (xxiv) risks related to our indebtedness; (xxv) customer rejection of our products due to our failure to maintain effective quality control systems at our production plants and deep-water marine terminals; (xxvi) changes in the quality specifications for our products that are required by our customers; (xxvii) the effects of the approval of the United Kingdom of the exit of the United Kingdom ("Brexit") from the European Union, and the implementation of Brexit, in each case on our and our customers' businesses; and (xxiii) our ability to borrow funds and access capital markets.
For additional information regarding known material factors that could cause the Partnership's actual results to differ from projected results, please read its filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K and the Quarterly Reports on Form 10-Q most recently filed with the SEC. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date thereof. The Partnership undertakes no
3
obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events, or otherwise.
Investor Contact:
Raymond Kaszuba
(240) 482-3856
ir@envivapartners.com
4

text: Enviva Partners, LP

text: Enviva Partners, LP

text: Enviva Port of Wilmington, LLC

text: Enviva Wilmington Holdings, LLC

text: John Keppler

text: Evercore

text: Andrews Kurth Kenyon LLP

text: Vinson & Elkins LLP

text: Enviva Partners, LP

text: Enviva Partners, LP

text: Enviva Partners, LP