text:
EX-99
2
projectvulcanpressrelease.txt
PRESS RELEASE
Exhibit 99.1
FOR IMMEDIATE RELEASE September 30, 2005
Almost Family Completes Sale of Adult Day Care Segment
Is Now a Pure Play Home Care Company
Approaching $80 Million Revenue
Louisville, Ky. Almost Family, Inc. (NASDAQ SC:AFAM) announced that it has
completed the sale of its Adult Day Care Segment operations to Active Services,
Inc. (Active Services) in an asset sale.
As previously announced, the purchase price consists of $13.6 million cash plus
assumption of approximately $1.4 million of debt.
Pure Play Home Health Company Approaching $80 Million Revenue
With the transaction completed, Almost Family is now a pure play home health
care company with two operating segments: Caretenders Visiting Nurse (VN)
Medicare-certified operations with a current annual revenue run rate of
approximately $43 million and its Personal Care (PC) home health operations with
a current annual revenue run rate of approximately $35 million. Almost Family
has home health operations in Florida, Kentucky, Ohio, Connecticut,
Massachusetts and Alabama.
$20 Million Capital Available for Home Health Acquisitions
Proceeds of the transaction received today were used to repay substantially all
outstanding debt (excluding certain seller financing) leaving approximately $4
million in cash available (after setting aside related tax obligations due later
this year). Cash on hand, combined with borrowing capacity on its senior credit
facility, make over $20 million of capital immediately available to fund the
Company's acquisition and development activities. The Company expects that
amount of capital, plus internally generated growth and free cash flow, to be
sufficient to take it to over $100 million in revenues.
The disposition is expected to be immediately accretive to earnings per share.
Company Commentary
William B. Yarmuth, Almost Family's Chairman and CEO commented on this latest
development: "As we stated in our previous announcement, it is with somewhat
mixed emotions that we close this transaction and this chapter in our history.
Once again, we want to express our sincere gratitude to our ADC segment managers
and employees for their tremendous commitment to quality, their many years of
service dedicated to the care of their members, and for helping us make our ADC
segment what it is today".
Regarding the future, Yarmuth added: "This transaction frees all our remaining
management time and capital to pursue a more aggressive, single-minded pursuit
of home health development while also placing our adult day care operations in
the hands of a well-capitalized experienced company with a singular focus on
adult day care".
Yarmuth concluded: "We are now embarking on a new stage in the Company's
development. We are extremely excited by the prospects for the development and
expansion of our home health business and the progress we can make with a sole
focus on home health care".
The Company has noted in its previous announcements that it is actively pursuing
a number of potential acquisitions in Florida and other states and expects that
it will be able to complete additional transactions over the course of the next
year. The Company's 2004 Form 10-K includes a description of its business plan
which calls for an increase in emphasis on the Visiting Nurse segment.
Almost Family, Inc.TM and subsidiaries (collectively "Almost Family") is a
leading regional provider of home health nursing services. The Company has
service locations in Florida, Kentucky, Ohio, Connecticut, Massachusetts,
Alabama and Indiana (in order of revenue significance).
Contact: William Yarmuth or Steve Guenthner (502) 891-1000.
All statements, other than statements of historical facts, included in this news
release, including the objectives and expectations of management, the
expectation that the divesture will be accretive to earnings per share, future
operating results of its home health agencies, the Company's ability to acquire
visiting nurse agencies at prices it is willing to pay, the Company's ability to
attract investment of additional capital, the Company's ability to generate
positive cash flows, and the Company's expectations with regard to market
conditions, are forward-looking statements. These forward-looking statements are
based on the Company's current expectations. Although the Company believes that
the expectations expressed or implied in such forward-looking statements are
reasonable, there can be no assurance that such expectations will prove to be
correct.
Because forward-looking statements involve risks and uncertainties, the
Company's actual results could differ materially. The potential risks and
uncertainties which could cause actual results to differ materially could
include: the impact of further changes in healthcare reimbursement systems,
including the ultimate outcome of potential changes to Medicare or Medicaid
reimbursement due to government budget shortfalls; the ability of an acquired
agency to maintain its level of admissions and operating performance, our
ability to integrate acquired agencies into our operations; government
regulation; health care reform; pricing pressures from Medicare, Medicaid and
other third-party payers; changes in laws and interpretations of laws relating
to the healthcare industry, and the potential effect of changes in competition
for home health agency admissions. For a more complete discussion regarding
these and other factors which could affect the Company's financial performance,
refer to the Company's Securities and Exchange Commission filing on Form 10-K
for the year ended December 31, 2004, in particular information under the
headings "Business" and "Management's Discussion and Analysis of Financial
Condition and Results of Operations." The Company disclaims any intent or
obligation to update its forward-looking statements.

text: Almost Family

text: Almost Family, Inc.

text:
Active Services,
Inc.

text: Almost Family

text: Almost Family

text: Almost Family

text: Almost Family

text: Almost Family


dataset: buster

text:
EX-99
3
depressrelease.htm
D&E COMMUNICATIONS, INC
D&E COMMUNICATIONS, INC.
PRESS RELEASE
CONTACT:
March 2, 2005
Steve Trapnell
(717) 738-8788
D&E Communications, Inc., Completes Sale of Its Interest in PenTeleData
EPHRATA, PA -- D&E Communications, Inc. (Nasdaq: DECC) sold its 8.19 percent interest in the PenTeleData Limited Partnership I on February 28, 2005, for $2.9 million.
The sale will result in a pre-tax gain of $2.1 million in the first quarter of 2005.
Founded in 1994 and based in Palmerton, PA, PenTeleData provides Internet service and data connectivity in Pennsylvania and New Jersey.
D&E acquired the partnership interest in PenTeleData when it acquired Conestoga Enterprises, Inc., in 2002. Conestoga Telephone and Telegraph Company, a wholly owned subsidiary of Conestoga Enterprises, Inc., had been a limited partner in PenTeleData since 1995. Since D&E operates its own Internet Service Provider, the partnership was no longer a strategic fit in the organization, and D&E pursued a sale of its interest.
D&E is an integrated communications provider offering high-speed data, Internet access, local and long distance telephone, voice and data networking, network management and security, and video services. Based in Lancaster County, D&E has been serving communities in central Pennsylvania for more than 100 years. For more information, visit
www.decommunications.com
.
This press release may contain forward-looking statements. These statements are based upon the current beliefs and expectations of D&E's management concerning the development of our business, are not guarantees of future performance and involve a number of risks, uncertainties, and other important factors that could cause actual developments and results to differ materially from our expectations. These include factors that we have indicated could adversely affect our business and financial performance contained in our past and future filings and reports, including those filed with the United States Securities and Exchange Commission. D&E undertakes no obligation to revise or update its forward-looking statements whether as a result of new information, future events, or otherwise.

label: organization

text: D&E

text: D&E

text: D&E

text: PenTeleData

text: D&E

text: PenTeleData

text: PenTeleData

text: D&E

text: PenTeleData

text: PenTeleData

text: D&E

text: D&E

text: D&E

text: D&E

text: D&E

text: D&E

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-99.3
4
ex_213995.htm
EXHIBIT 99.3
ex_213995.htm
Exhibit 99.3
Libbey Successfully
Completes Financial Restructuring and
Emerge
s
from Chapter 11
Moves Forward with Stronger Balance Sheet
and
Improved Liquidity
TOLEDO, Ohio,
November
16
, 2020
-- Libbey Inc., one of the world's largest glass tableware manufacturers, today announced that it has successfully completed its financial restructuring and emerged from Chapter 11.
Through its Plan of Reorganization, Libbey Inc. is emerging from Chapter 11 as a new private company formed and controlled by Libbey Inc.'s former lenders, Libbey Glass LLC (the "Company" and together with Libbey Inc., "Libbey"), and will remain under the same leadership. The Company emerges with substantial liquidity, supported by proceeds from a $150 million term loan and a $100 million asset-based lending facility. The Company has significantly reduced operating costs, strengthened its balance sheet and improved liquidity by reducing net debt to less than $150 million.
Mike Bauer, chief executive officer of Libbey, said, "This is an important day for Libbey as we begin a new chapter as a healthy company with the agility to succeed. As a result of this process, we are better positioned to compete and capitalize on the many opportunities for our business. Looking ahead, we will maintain our focus on managing costs, providing superior service to our customers and strengthening relationships with our business partners, while demonstrating the same unwavering commitment to creating high-quality glassware and other tabletop products that has been a hallmark of Libbey for the past 200+ years. I am confident in Libbey's future and excited by all that we will be able to accomplish moving forward".
Mr. Bauer continued, "Our emergence from this process in less than six months is a testament to the faith, hard work and resilience of our nearly 6,000 employees globally, who continue to deliver unsurpassed service, product innovations and business excellence. On behalf of everyone at Libbey, I would also like to thank our customers, vendors and lenders for their continued confidence and support, and we look forward to continuing to partner with them for years to come".
Concurrent with its emergence, the Company entered into new exit financing arrangements with Mitsubishi UFJ Financial Group (MUFG) Union Bank, N.A. and a syndicate comprised of a number of Libbey Inc.'s prepetition lenders and new equity owners.
Latham & Watkins LLP served as legal advisor to Libbey, Alvarez & Marsal served as restructuring advisor and Lazard Frères & Co. served as financial advisor. Arnold and Porter Kaye Scholer LLP served as legal advisor to the ad hoc lender group and Ankura served as financial advisor.
About Libbey Inc.
Based in Toledo, Ohio, Libbey Inc. is one of the largest glass tableware manufacturers in the world. Libbey Inc. operates manufacturing plants in the United States, Mexico, China, Portugal and the Netherlands. In existence since 1818, the Company supplies tabletop products to retail, foodservice and business-to-business customers in over 100 countries. Libbey's global brand portfolio, in addition to its namesake brand, includes Libbey Signature®, Master's Reserve®, Crisa®, Royal Leerdam®, World® Tableware, Syracuse® China, and Crisal Glass®. In 2019, Libbey Inc.'s net sales totaled $782.4 million. Additional information is available at
www.libbey.com
.
Forward-Looking Statements
This press release includes forward-looking statements as defined in Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements reflect only Libbey's best assessment at this time and are indicated by words or phrases such as "goal", "plan", "expects", "believes", "will", "estimates", "anticipates", or similar phrases. These forward-looking statements include all matters that are not historical facts. These forward-looking statements include all matters that are not historical facts. They include statements regarding, among other things, Libbey's intentions, beliefs or current expectations concerning the impact of emergence from Chapter 11 on its balance sheet and operations going forward and the terms and conditions of its exit financing. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Investors are cautioned that forward-looking statements are not guarantees of future performance and that our actual results of operations, financial condition and liquidity, and the development of the industry in which we operate, may differ materially from these statements. Investors should not place undue reliance on such statements. Important factors potentially affecting performance include but are not limited to risks and uncertainties related to the risks attendant to the bankruptcy process; the effectiveness of the overall restructuring activities pursuant to the Chapter 11 process and any additional strategies that we may employ to address our liquidity and capital resources; restrictions on us due to the terms of the proposed exit financing arrangements and restrictions imposed by the applicable courts; the effects of the Chapter 11 Cases on Libbey and on the interests of various constituents, including holders of Libbey Inc.'s common stock; other litigation and inherent risks involved in a bankruptcy process; risks related to the trading of the Libbey Inc.'s securities on the OTC Pink marketplace; the impact of COVID-19 on the global economy, our associates, our customers and our operations, our high level of indebtedness and the availability and cost of credit; high interest rates that increase our borrowing costs or volatility in the financial markets that could constrain liquidity and credit availability; the inability to achieve savings and profit improvements at targeted levels in our operations or within the intended time periods; increased competition from foreign suppliers endeavoring to sell glass tableware, ceramic dinnerware and metalware in our core markets; global economic conditions and the related impact on consumer spending levels; major slowdowns or changes in trends in the retail, travel, restaurant and bar or entertainment industries, and in the retail and foodservice channels of distribution generally, that impact demand for our products; inability to meet the demand for new products; material restructuring charges related to involuntary employee terminations, facility sales or closures, or other various restructuring activities; significant increases in per-unit costs for natural gas, electricity, freight, corrugated packaging, and other purchased materials; protracted work stoppages related to collective bargaining agreements; increased pension expense associated with lower returns on pension investments and increased pension obligations; increased tax expense resulting from changes to tax laws, regulations and evolving interpretations thereof; devaluations and other major currency fluctuations relative to the U.S. dollar and the euro that could reduce the cost competitiveness of our products compared to foreign competition; the effect of exchange rate changes to the value of the euro, the Mexican peso, the Chinese renminbi and the Canadian dollar and the earnings and cash flows of our international operations, expressed under U.S. GAAP; the effect of high levels of inflation in countries in which we operate or sell our products; the failure of our investments in e-commerce, new technology and other capital expenditures to yield expected returns; failure to prevent unauthorized access, security breaches and cyber-attacks to our information technology systems; compliance with, or the failure to comply with, legal requirements relating to health, safety and environmental protection; our failure to protect our intellectual property; and the inability to effectively integrate future business we acquire or joint ventures into which we enter. These and other risk factors that could cause results to differ materially from the forward-looking statements can be found in Libbey Inc.'s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, other filings with the Securities and Exchange Commission (the "SEC") and in the Disclosure Statement filed with the Bankruptcy Court in connection with the Chapter 11 cases. Refer to the Libbey Inc.'s most recent SEC filings for any updates concerning these and other risks and uncertainties that may affect our operations and performance. Any forward-looking statements speak only as of the date of this press release, and we assumes no obligation to update or revise any forward-looking statement to reflect events or circumstances arising after the date of this release.
Contacts
Corporate:
PublicRelations@libbey.com
Media:
Michael Freitag / Ed Trissel / Tim Ragones
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449

text: Libbey

text: Chapter 11

text: Libbey Inc.

text: Chapter 11

text: Libbey Inc.

text: Chapter 11

text: Libbey Inc.

text: Libbey

text: Libbey Inc.

text: Libbey

label: person

text: Mike Bauer

text: Libbey

text: Libbey

text: Libbey

text: Libbey

text: Libbey

text: Libbey Inc.

text: Latham & Watkins LLP

text: Libbey

text: Alvarez & Marsal

text: Lazard Frères & Co.

text: Arnold and Porter Kaye Scholer LLP

text: Libbey Inc.

text: Libbey Inc.

text: Libbey Inc.

text: Libbey

text: Libbey

text: Libbey Inc.

text: Libbey

text: Libbey

text: Chapter 11

text: Chapter 11

text: Chapter 11

text: Libbey

text: Libbey Inc.

text: Libbey Inc.

text: Libbey Inc.

text: Chapter 11

text: Libbey Inc.


text:
EX-99.1
2
f52390exv99w1.htm
EX-99.1
exv99w1
Exhibit 99.1
Microsemi Acquires Defense & Security Business from Endwave Corporation
Combination Extends Next-Generation Defense Electronics Offering to Additional
Markets
IRVINE, Calif., April 30, 2009 -
Microsemi Corporation (Nasdaq: MSCC), a leading manufacturer of
high performance analog mixed signal integrated circuits and high reliability semiconductors, and
Endwave Corporation (Nasdaq: ENWV), a leading provider of high-frequency RF solutions for mobile
communications markets, today announced that Microsemi has acquired Endwave's defense electronics
and security (D&S) business.
Microsemi intends to combine Endwave's high-frequency product portfolio with its own, creating one
of the leading high-reliability RF product offerings in the market today and covering the
technology spectrum up to 100 GHz. In recent years, Endwave's D&S group has developed many
innovative, state of the art products and has won several contracts to supply these products on
major systems projects with many current Microsemi customers such as Boeing, Cobham, L3, Lockheed
Martin, Northrop Grumman, and Raytheon. This acquisition will expand opportunities for Microsemi
in next-generation, high-growth defense electronics applications such as theater-wide video and
voice communications, advanced radar systems, remote sensing and broadband transmission systems.
In Homeland Security applications, the D&S group provides technologies for radar fencing, stand-off
threat detection systems and advanced personnel screening portals. Microsemi intends to expand the
D&S business into new, related markets such as satellite and space, in which the D&S technology is
a natural extension of Microsemi's ongoing thrust into the marketplace.
Under the terms of the agreement, Microsemi is acquiring the D&S assets for a total equity value of
$28 million in cash plus the assumption of specified liabilities. Microsemi expects the
acquisition to be accretive immediately. After removing existing corporate overhead and other
allocations, Microsemi believes the D&S business will be more profitable. Microsemi is immediately
integrating the acquired D&S business into its existing RF operations such that it expects gross
and operating margins to conform to its existing target model by the end of this calendar year.
"The combination of Microsemi's and Endwave's D&S product portfolios creates a strengthened
high-reliability offering for the RF Defense & Security market", said James J. Peterson, President
and Chief Executive Officer of Microsemi Corporation. "Endwave's industry-leading RF technology
and its focus on emerging high-growth defense electronics and security applications makes it an
excellent complement to Microsemi's own product suite. We are delighted to add this incredible
suite of technology and outstanding design engineers to our growing family of High-Reliability RF
products."
"Microsemi's track record of performance, market leadership and a blue-chip customer base enable
this industry-class D&S business to fulfill its vision", said Ed Keible, Endwave's CEO and
President. "We have worked hard to build our D&S business, and we are extremely pleased that an
industry leader like Microsemi can take it to the next level".
About Microsemi
Microsemi Corporation, with corporate headquarters in Irvine, California, is a leading designer,
manufacturer and marketer of high performance analog and mixed-signal integrated circuits and high
reliability semiconductors. The company's semiconductors manage and control or regulate power,
protect against transient voltage spikes and transmit, receive and amplify signals.
Microsemi's products include individual components as well as integrated circuit solutions that
enhance customer designs by improving performance and reliability, battery optimization, reducing
size or protecting circuits. The principal markets the company serves include implanted medical,
defense/aerospace and satellite, notebook computers, monitors and LCD TVs, automotive and mobile
connectivity applications. More information may be obtained by contacting the company directly or
by visiting its website at
http://www.microsemi.com
.
The Microsemi Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=1233
About Endwave
Endwave Corporation designs, manufactures and markets RF solutions that enable the transmission,
reception and processing of high-frequency signals in mobile communications networks. Endwave has
41 issued patents covering its core technologies including semiconductor and proprietary circuit
designs. Endwave Corporation is headquartered in San Jose, CA, with operations in Salem, NH; and
Chiang Mai, Thailand. Additional information about the company can be accessed from the company's
web site at
http://www.endwave.com
.
PLEASE READ THE FOLLOWING FACTORS THAT CAN MATERIALLY AFFECT MICROSEMI'S FUTURE RESULTS.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Any
statements set forth in this news release that are not entirely historical and factual in nature,
including without limitation statements concerning our guidance on Microsemi's financial results,
and the expected operational, technology, synergy, and other benefits of the acquisition, are
forward-looking statements. These forward-looking statements are based on our current expectations
and are inherently subject to risks and uncertainties that could cause actual results to differ
materially from those expressed in the forward-looking statements. The potential risks and
uncertainties include, but are not limited to,
such factors as rapidly changing technology and
product obsolescence, potential cost increases, variations in customer order preferences, weakness
or competitive pricing environment of the marketplace, uncertain demand for and acceptance of the
company's products, adverse circumstances in any of our end markets, results of in-process or
planned development or marketing and promotional campaigns, difficulties foreseeing future demand,
potential non-realization of expected orders or non-realization of backlog, product returns,
product liability, and other potential unexpected business and economic conditions or adverse
changes in current or expected industry conditions, difficulties and costs of protecting patents
and other proprietary rights, inventory obsolescence and difficulties regarding customer
qualification of products. In addition to these factors and any other factors mentioned elsewhere
in this news release, the reader should refer as well to the factors, uncertainties or risks
identified in the company's most recent Form 10-K and all subsequent Form 10-Q reports filed by
Microsemi with the SEC. Additional risk factors may be identified from time to time in Microsemi's
future filings. The forward-looking statements included in this release speak only as of the date
hereof, and Microsemi does not undertake any obligation to update these forward-looking statements
to reflect subsequent events or circumstances.
Microsemi Contacts:
Microsemi Corporation
Financial Contact:
John W. Hohener, Vice President and CFO
(949) 221-7100
Investor Relations:
Robert C. Adams, Vice President Business Development
(949) 221-7100
Endwave Contact:
Mary McGowan
Summit IR Group Inc.
(408) 404-5401
mary@summitirgroup.com

text: Microsemi

text: Defense & Security Business

text: Endwave Corporation

text: Microsemi Corporation

text: Endwave Corporation

text: Microsemi

text: Endwave

text: Microsemi

text: Endwave

text: Endwave

text: Microsemi

text: Microsemi

text: Microsemi

text: Microsemi

text: Microsemi

text: Microsemi

text: Microsemi

text: Microsemi

text: Microsemi

text: Endwave

text: James J. Peterson

text: Microsemi Corporation

text: Endwave

text: Microsemi

text: Microsemi

text: Endwave

text: Microsemi

text: Microsemi

text: Microsemi Corporation

text: Microsemi

text: Microsemi Corporation

text: Endwave

text: Endwave Corporation

text: Endwave

text: Endwave Corporation

text: MICROSEMI

text: Microsemi

text: Microsemi

text: Microsemi

text: Microsemi

text: Microsemi

text: Microsemi Corporation

text: John W. Hohener

text: Robert C. Adams

text: Endwave


text:
EX-99.1
2
exhibit991release32812.htm
EXHIBIT 99.1 - PRESS RELEASE MARCH 28, 2012
exhibit991release32812.htm
Exhibit 99.1
INTERNATIONAL SHIPHOLDING ANNOUNCES CLOSING
OF SALE OF TWO PURE CAR TRUCK CARRIERS
Mobile, Alabama,
March 28, 2012 - International Shipholding Corporation (NYSE: ISH) today announced that the sales of two of its International Flag Pure Car Truck Carriers, ASIAN KING and ASIAN EMPEROR, pursuant to its previously disclosed agreement with Norwegian Car Carriers ASA, were successfully closed and the vessels were delivered to Norwegian Car Carriers ASA on March 26 and 27, 2012. This transaction realizes a reportable gain of approximately $3.5 million in the first quarter. Proceeds paid down debt of about $35 million collateralized by these vessels and will strengthen ISH's position to pursue accretive growth opportunities. DnB NOR Markets, Inc. acted as exclusive advisor to the Company.
About International Shipholding Corporation
International Shipholding Corporation, through its subsidiaries, operates a diversified fleet of U.S. and international flag vessels that provide worldwide and domestic maritime transportation services to commercial and governmental customers primarily under medium to long-term charters and contracts.
For more information about the company, please visit
www.intship.com.
Contact:
The IGB Group
David Burke
(646) 673-9701
dburke@igbir.com
Leon Berman
(212) 477-8438
lberman@igbir.com
International Shipholding
Niels M. Johnsen, Chairman (212) 943-4141
Erik L. Johnsen, President (251) 243-9221

text: INTERNATIONAL SHIPHOLDING

text: International Shipholding Corporation

text: ASIAN KING

text: ASIAN EMPEROR

text: Norwegian Car Carriers ASA

text: Norwegian Car Carriers ASA

text: DnB NOR Markets, Inc.

text: International Shipholding Corporation

text: International Shipholding Corporation

text: International Shipholding

text: Erik L. Johnsen


text:
EX-99.1
20
ex99-1.txt
PRESS RELEASE
Exhibit 99.1
Green Star Mining Corporation Successfully Completes Reverse
Merger With Fast Growing Provider of Customized Vocational
Education in China And Expects To Be Renamed
HQ Global Education Inc;
2009 Revenues Grew 25.4% to $36.1 Million And Net Income
Increased 36.8 % to $10.7 Million Compared With Prior Year Results
* Mr. Guangwen He, a Leader in China's Vocational Education Industry,
Named Chairman and CEO
* Five New Directors Appointed
* Strong Growth Outlook For Customized Education Buttressed By China's
Skilled Blue Collar Personnel Shortage and Close Cooperation With
Local Enterprises Resulting in 100% Employment Rate of All Graduates
NINGXIANG COUNTY, HUNAN PROVINCE, CHINA- February 12, 2010-GREEN STAR MINING
CORP. ("THE COMPANY") (OTC BB: GSTR) announced today that it has successfully
completed a reverse merger with Risetime Group Limited ("Risetime") on February
11, 2010. Risetime consolidates the operation of one of China's leading
providers of customized or "order-oriented" vocational education under the
widely known "HQ" brand. Risetime and its subsidiaries control and operate eight
HQ schools through a series of certain exclusive contractual agreements. In
cooperation with 120 participating employers, HQ schools provide the skilled
workers these enterprises require which results in a 100% employment rate for
all of its graduates.
The reverse merger is described in detail in the 8-K filed today by the Company
with the U.S. Securities and Exchange Commission.
HQ GLOBAL EDUCATION INC. ("HQ")
As of the first semester of 2010, a faculty and support staff of nearly 2800
served a total of approximately 32,238 HQ students from 21 provinces throughout
China. They are taught a wide range of vocational skills in approximately 60
programs in 17 technical career categories at eight vocational schools in the
Sichuan and Hunan Provinces. These operations now constitute the primary
operations of the Company, which anticipates changing its name to HQ Global
Education Inc., upon obtaining the necessary approvals. Following the reverse
merger, the Company has 33 million shares outstanding and will continue to trade
on the US OTC Bulletin Board with the same symbol until the Company formally
changes its name.
STRATEGY FOR CONTINUING GROWTH
Mr. Guangwen He, the newly named Chairman and CEO of the Company, and founder of
the vocational school in 1994, is widely recognized in China as a leader in
technical education to help meet the shortage of skilled workers in the
country's rapidly growing economy as well as to provide employment opportunities
to poor students coming from China's western countryside. Long a leading
proponent and innovator in "order-oriented" education, Mr. He has guided the
growth of HQ and sees a continuing significant growth opportunity ahead in
helping to meet the severe shortages of skilled blue collar workers in a variety
of industries throughout China. For his outstanding contributions to the
advancement of Chinese vocational education, Mr. He has been awarded the high
honor of Special Government Allowance by the State Council of China.
"Entering 2010", Mr. He said, "we anticipate continuing strong growth as we
expand our student enrollment capacity with the planned physical expansion of
several of our existing teaching facilities, and we also focus in particular on
obtaining agreements for new mariner training facilities in several coastal
cities to meet the very strong demand in the popular maritime field for skilled
personnel".
Mr. He added, "We also will be building a program for distributing throughout
China our proprietary teaching materials which we believe will become another
source of revenue over time. It is important that we also continue to enhance
awareness of our HQ brand to attract new students and industry partners. HQ has
become increasingly synonymous throughout China with superior training to meet
employer needs and for producing outstanding technical specialists with
immediate jobs and fulfilling career opportunities".
STRONG INCREASES IN 2009 REVENUES AND NET INCOME
In 2009, the Company reported that revenues generated mainly by tuition, as well
as fees from students and their prospective employers--climbed 25.4% to $36.1
million as compared with revenues of $28.8 million for the year ended December
31, 2008. As margins grew, net income for the year ended December 31, 2009 was
$10.67 million, up $2.87 million or 36.8% from the same period in 2008. At year
end 2009, the Company's cash and cash equivalents were approximately $5.6
million.
NEW DIRECTORS AND OFFICERS
In addition to Mr. He, who was named Chairman and Chief Executive Officer of the
Company, the new five-member Board includes three outside directors-- Mr. Erik
Vonk, Mr. Junming Peng and Mr. Shaozeng Wang. Also named to the Board is Ms.
Yabin Zhong, Vice-principal of Changsha Huanqui Vocational Secondary School.
Additionally, Mr. Yunjie Fang has been appointed Chief Financial Officer and
Treasurer of the Company.
INFORMATION REGARDING FORWARD-LOOKING STATEMENTS
Except for historical information contained herein, the statements in this press
release are forward-looking statements that are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve known and unknown risks and uncertainties,
which may cause our actual results in future periods to differ materially from
forecasted results. These risks and uncertainties include, among other things,
product demand, market competition, and risks inherent in our operations. These
and other risks are described in our filings with the U.S. Securities and
Exchange Commission.
CONTACTS:
Mr. Guangwen He
Chairman and Chief Executive Officer
Tel: (86 731) 87828601
Fax: (86 731) 87828601
IN THE U.S.
Ken Donenfeld
DGI Investor Relations
donfgroup@aol.com
kdonenfeld@dgiir.com
Tel: 212-425-5700
Fax: 646-381-9727

text: Green Star Mining Corporation

text: Guangwen He

text:
GREEN STAR MINING
CORP.

text: Risetime Group Limited

text: Guangwen He

text:
Erik
Vonk

text: Junming Peng

text: Shaozeng Wang

text: Yabin Zhong

text: Yunjie Fang

text: Guangwen He


text:
EX-99.1
2
cabel8kex991070506.txt
PRESS RELEASE DATED JULY 6, 2006
EXHIBIT 99.1
July 06, 2006 11:35 AM US Eastern Timezone
CabelTel International Corporation
Announces Sale of a Subsidiary
DALLAS--(BUSINESS WIRE)--July 6, 2006--CabelTel International Corporation ("CIC"
or "the Company") (AMEX:GBR), a Dallas-based company with investments in a
retirement center and a North Texas outlet mall, today announced the sale of its
two Gaywood Oil & Gas subsidiaries for approximately $1.7 million in cash.
"The Gaywood subsidiaries controlled 200 oil wells of which only 50 were
operating. These wells produced an average of approximately 2 1/2 barrels per
day per well", said Gene S. Bertcher, President and Chief Financial Officer of
the Company. "At this level, the production costs per barrel was very expensive.
This sale will generate a gain of approximately $400,000 and decrease our debt
by nearly $150,000", Bertcher added.
CabelTel International Corporation (AMEX:GBR) is a Dallas-based company with
investments in a retirement center and a North Texas outlet mall. For more
information, go to the Company's website at www.cabeltel.us.
Certain statements in this media release are forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A
of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of
1934. The words "estimate", "plan", "intend", "expect", "anticipate", "believe"
and similar expressions are intended to identify forward-looking statements.
These forward-looking statements are found at various places throughout this
Report and in the documents incorporated herein by reference. CabelTel
International Corporation disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new information,
future events or otherwise. Although we believe that our expectations are based
upon reasonable assumptions, we can give no assurance that our goals will be
achieved. Important factors that could cause our actual results to differ from
estimates or projects contained in any forward-looking statements are described
under ITEM 1A. RISK FACTORS in the Company's Form 10-K for the fiscal year ended
December 31, 2005.
Contact Information: CabelTel International Corporation,
Dallas, Texas
Gene S. Bertcher, 972-407-8400 or Oscar Smith, 972-407-8400

text: CabelTel International Corporation

text: CabelTel International Corporation

text: Gaywood Oil & Gas

text: Gene S. Bertcher

text: CabelTel International Corporation

text:
CabelTel
International Corporation

text: CabelTel International Corporation

text: Gene S. Bertcher


text:
EX-99.1
6
ex991pressrelease.htm
PRESS RELEASE
Ex 99.1 Press Release.
Exhibit 99.1
TESORO CORPORATION CONTRIBUTES MARTINEZ CRUDE OIL MARINE TERMINAL
TO TESORO LOGISTICS
Tesoro Corporation (NYSE:TSO) and Tesoro Logistics LP (NYSE:TLLP) today announced that Tesoro Corporation ("Tesoro") has contributed the Martinez Crude Oil Marine Terminal located in Martinez, California to Tesoro Logistics LP ("the Partnership") for total consideration of $75 million, effective April 1, 2012.
"The contribution of the Martinez Crude Oil Marine Terminal marks Tesoro's first drop-down to the Partnership and demonstrates Tesoro's commitment to capturing the full value of our logistics assets and helping the Partnership expand its portfolio", said Greg Goff, Tesoro Corporation's President and Chief Executive Officer and Tesoro Logistics' Chairman and Chief Executive Officer. "We are committed to growing the Partnership's distributions and expect this transaction to be immediately accretive".
The Martinez Crude Oil Marine Terminal is located on the Sacramento River near Tesoro's Martinez refinery and consists of a single-berth dock, five crude oil storage tanks with a combined 425,000 barrels of capacity and related pipelines. The terminal receives crude oil through marine vessels for delivery to Tesoro's Martinez refinery. Total throughput capacity for the terminal is approximately 145,000 barrels per day.
The purchase price of $75 million included cash of $67.5 million and Tesoro Logistics equity valued at approximately $7.5 million. The cash consideration was financed with borrowings under Tesoro Logistics' revolving credit facility. The equity consideration was based on the average daily closing price for the 10 trading days prior to the effective date of April 1, 2012, or $35.62 per unit, with 98% in the form of common units and 2% in the form of general partner units.
In connection with the closing of the proposed transaction, Tesoro and the Partnership have entered into a 10-year terminalling agreement with a minimum throughput commitment. Tesoro Logistics expects that this contribution will result in an estimated $15 million of incremental revenue, of which more than 90% is based on minimum committed throughput, and $8 million of incremental annual EBITDA.
On March 30, 2012, the Partnership amended its senior secured revolving credit agreement (the "Credit Agreement") with Bank of America, N.A, as administrative agent and a syndicate of banks and financial institutions and lenders. Concurrent with the execution of the amendment, the Partnership exercised its option to increase the size of the loan commitments to an aggregate of $300 million. Additionally, the Partnership is permitted to request that the loan commitments under the Credit Agreement be increased up to an aggregate of $450 million, subject to receiving increased commitments from the lenders. The Credit Agreement is guaranteed by all of the Partnership's subsidiaries and secured by substantially all of the assets of the Partnership and its subsidiaries. The Credit Agreement is scheduled to mature on April 25, 2014.
TESORO LOGISTICS LP
RECONCILIATION OF FORECASTED EBITDA TO AMOUNTS UNDER US GAAP
(Unaudited, in millions)
Reconciliation of Forecasted EBITDA to Forecasted Net Income:
Full Year 2013
Martinez Crude Oil Marine Terminal
Net income
$
4.5
Add: Depreciation and amortization expenses
1.5
Add: Interest and financing costs, net
2.0
Forecasted EBITDA (a)
$
8.0
(a) We define EBITDA as net income (loss) before net interest and financing costs and depreciation and amortization expenses. EBITDA is a measure prescribed by accounting principles generally accepted in the United States of America ("U.S. GAAP") but is a supplemental financial measure that is used by management and may be used by external users of our consolidated financial statements, such as industry analysts, investors, lenders and rating agencies, to assess:
.
our operating performance as compared to other publicly traded partnerships in the midstream energy industry, without regard to historical cost basis or financing methods;
.
the ability of our assets to generate sufficient cash flow to make distributions to our unitholders;
.
our ability to incur and service debt and fund capital expenditures; and
.
the viability of acquisitions and other capital expenditure projects and the returns on investment of various investment opportunities.
About Tesoro Corporation
Tesoro Corporation, a Fortune 150 company, is an independent refiner and marketer of petroleum products. Tesoro, through its subsidiaries, operates seven refineries in the western United States with a combined capacity of approximately 665,000 barrels per day. Tesoro's retail-marketing system includes nearly 1,200 branded retail stations, of which over 375 are company operated under the Tesoro®, Shell® and USA Gasoline™ brands.
About Tesoro Logistics LP
Tesoro Logistics LP, headquartered in San Antonio, Texas, is a fee-based, growth-oriented Delaware limited partnership formed by Tesoro Corporation to own, operate, develop and acquire crude oil and refined products logistics assets.
This press release contains certain statements that are "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities exchange Act of 1934 concerning our current expectation of the announced transaction closing, portfolio expansion, growth in distributions, accretiveness, throughput rates and incremental revenue and cash flow. For more information concerning factors that could affect these statements, see the respective annual reports on Form 10-K and quarterly reports on Form 10-Q for Tesoro Corporation and Tesoro Logistics LP, filed with the Securities and Exchange Commission. We undertake no obligation to publicly release the result of any revisions to any such forward-looking statements that may be made to reflect events or circumstances that occur, or which we become aware of, after the date hereof.
Contact:
Investors:
Louie Rubiola, Director, Investor Relations, (210) 626-4355
Media:
Tesoro Media Relations, media@tsocorp.com, (210) 626-7702

text: TESORO CORPORATION

text: Tesoro Corporation

text: Tesoro Logistics LP

text: Tesoro Corporation

text: Tesoro Logistics LP

text: Tesoro Corporation

text: TESORO LOGISTICS LP

text: Tesoro Corporation

text: Tesoro Corporation

text: Tesoro Logistics LP

text: Tesoro Logistics LP

text: Tesoro Corporation

text: Tesoro Corporation

text: Tesoro Logistics LP

text: Louie Rubiola


text:
EX-99.2
27
v100444_ex99-2.htm
URANIUM
308 CORP.
2820
W.
Charleston Blvd., Suite 22
Las
Vegas, NV 89102
Symbol:
URCO - OTCBB
News
Release
URANIUM
308 CORP. ACQUIRES TWO ADDITIONAL
URANIUM
EXPLORATION LICENSES IN MONGOLIA
COVERING
A TOTAL OF 4,656 HECTARES (46.56 SQ. KM)
January
17, 2008
Las
Vegas, Nevada - Uranium 308 Corp.
(OTCBB:
URCO) (the "Company") is pleased to announce that it has entered into an asset
purchase agreement (the "Asset Purchase Agreement") with Success Start Energy
Investment Co. ("Success Start"), a Hong Kong corporation, and the Company's
subsidiary, Tooroibandi Limited, whereby the Company has agreed to provide
the
consideration on behalf of Tooroibandi Limited for the acquisition of two
uranium exploration licenses from Success Start referenced as license number
10256X covering 1540 hectares (15.40 sq. km) (known as the Tsagaan Chuluut
property) and license number 13060X covering 3116 hectares (31.15 sq. km) (known
as the Khar Balgast property) (collectively, the "Licenses"), which Licenses are
located 385 km east from the city of Ulaanbaatar, Mongolia and 75 km northwest
from Undurkhaan town on the border of Umnudelger, Kherien and Binder Sum of
Khentii Province of Mongolia in exchange for 10,000,000 shares of common stock
of the Company and $8,000,000 in cash in accordance with the terms and
conditions of the Asset Purchase Agreement.
The
consideration from the Company to Success Start is to be paid as follows:
(i)
upon
confirmation of the transfer of the Licenses to Tooroibandi Limited, the Company
has agreed to issue 5,000,000 shares of common stock to Success Start;
(ii)
within 75 days of the Closing of the Asset Purchase Agreement, which is set
for
January 18, 2008, the Company will pay $1,500,000 to Success Start;
(iii)
within 10 days after the completion of a final geological resource estimate
that
confirms the uranium mineralization calculations and survey results of the
property covering the Licenses that were prepared by Russian geologists in
1951
and 1954, which is scheduled to be completed by September 30, 2008, the Company
has agreed to issue another 5,000,000 shares of common stock to Success Start;
and
(iv)
within 60 days after the completion of the final geological resource estimate
that confirms such uranium mineralization calculations and survey results
mentioned above, the Company has agreed to pay an additional $6,500,000 to
Success Start.
If
the
final geological resource estimate does not confirm the results of the reports
prepared by the Russian geologists, then the parties hereto may mutually amend
the terms and amounts of the cash portion and share portion of the purchase
price, or else the Company and Tooroibandi Limited may terminate the Asset
Purchase Agreement and Success Start shall return the initial payment of
$1,500,000 and surrender the 5,000,000 shares of common stock for cancellation
within 30 days and Tooroibandi Limited shall have the Licenses transferred
back
to Success Start within the same time period.
1
"Uranium
308 Corp.'s success to date in confirming uranium mineralization calculations on
our Mongolian Janchivlan property prepared by Russian geologists based on 1980's
exploration augurs well for this new agreement', said Company President Dennis
Tan. "The agreement, when completed, will increase Uranium 308 Corp.'s property
holdings by some 23 percent. With projected continued rising demand for uranium
- and a projected sustained supply shortfall - the confirmation of uranium
mineralization on the Tsaagan Chuluut and the Khar Balgast licenses would augur
well for Uranium 308 Corp. and our shareholders".
About
Uranium 308 Corp.
Uranium
308 Corp. is a mineral exploration and development company engaged in the
acquisition, exploration and development of large scale low-cost, high-value
properties internationally. Uranium 308 Corp.'s current primary focus is uranium
exploration in Mongolia. www.uranium308corp.com
For
more
information contact Investor Relations: 1-866-892-5232
FORWARD
LOOKING STATEMENTS This news release may include "forward-looking statements"
regarding Uranium 308 Corp., and its subsidiaries, business and project plans.
Such forward looking statements are within the meaning of Section 27A of the
Securities Act of 1933, as amended, and section 21E of the United States
Securities and Exchange Act of 1934, as amended, and are intended to be covered
by the safe harbor created by such sections. Where Uranium 308 Corp. expresses
or implies an expectation or belief as to future events or results, such
expectation or belief is believed to have a reasonable basis. However,
forward-looking statements are subject to risks, uncertainties and other
factors, which could cause actual results to differ materially from future
results expressed, projected or implied by such forward-looking statements.
Uranium 308 Corp. does not undertake any obligation to update any forward
looking statement, except as required under applicable law.

text:
URANIUM
308 CORP.

text:
URANIUM
308 CORP.

text: Uranium 308 Corp.

text:
Start Energy
Investment Co.

override: organization

text: Success Start

text: Tooroibandi Limited

text: Tooroibandi Limited

text: Success Start

text: Success Start

text: Tooroibandi Limited

text: Success Start

text: Success Start

text: Success Start

text: Success Start

text: Tooroibandi Limited

text: Success Start

text: Tooroibandi Limited

text: Success Start

text:
Uranium
308 Corp.

text: Uranium 308 Corp.

text: Uranium 308 Corp.

text: Uranium 308 Corp.

text:
Uranium
308 Corp.

text: Uranium 308 Corp.

text: Uranium 308 Corp.

text: Uranium 308 Corp.

text: Uranium 308 Corp.


text:
EX-99
2
exhibit_99-1.htm
8-K
Exhibit 99.1
FOR:
AMPAL-AMERICAN ISRAEL CORPORATION
CONTACT:
Irit Eluz
CFO - SVP Finance & Treasurer
(866) 447 8636
irit@ampal.com
FOR:
KM/KCSA Investor Relations
CONTACT:
Amit Lev Ari
011-972-3-516-7620
amit@km-ir.co.il
Ampal-American Israel
Corporation
Acquires Interest in
East
Mediterranean Gas
Ampal acquired a 2% beneficial ownership in EMG for
$29,960,000
Ampal granted the exclusive right to negotiate for
a portion of
Merhav's remaining shares of EMG.
TEL AVIV, Israel, December 5, 2005
- Ampal-American Israel Corporation (Nasdaq: AMPL) announced today that a
wholly-owned subsidiary of the Company has acquired an interest in East Mediterranean Gas
Company ("EMG") from Merhav M.N.F. Ltd. ("Merhav").
EMG is an Egyptian joint stock
company which has been given the right to export natural gas from Egypt to Israel and
other locations in the East Mediterranean basin. Egyptian natural gas shall reach the
Israeli market via an underwater pipeline, which EMG expects to be completed during 2007.
Under the terms of the transaction,
the Company acquired a 2% beneficial ownership in EMG for a purchase price of $29,960,000.
Additionally, the Company was granted the exclusive right to negotiate to acquire a
substantial portion of Merhav's remaining shares of EMG. The Company also has the
right for a period of time to require Merhav to repurchase the EMG interest.
1
Yosef A. Maiman, the Chairman of the
Company's Board of Directors and the Company's controlling shareholder, is the
sole owner of Merhav. The transaction was approved by a special committee of the Board of
Directors composed of the Company's independent directors. Houlihan Lokey Howard
& Zukin Financial Advisors, Inc. acted as financial advisors to the special committee.
Of the transaction, Mr. Maiman
said:
"I am committed to Ampal, and I believe in the energy sector in Israel. I
believe Ampal can become a main player in the natural gas market. I am extremely pleased
that Ampal can now share in what promises to be a very bright future for EMG. Once
operational, we believe that the strong cash flow deriving from the pipeline will back
future expansion of Ampal's business activity, and will generate value for Ampal
shareholders.
Jack Bigio, President and Chief
Executive Officer of Ampal
: "I am excited by the opportunity that this
transaction presents to Ampal and our shareholders. The acquisition supports Ampal's
strategy of spotting and investing in companies or ventures with strong potential for
growth. We fully intend to pursue a larger interest in EMG in the months to come".
About Ampal
Ampal and its subsidiaries primarily
acquire interests in businesses located in the State of Israel or that are Israel-related.
Ampal has diversified interests in the following sectors: real estate, leisure-time and
other. For more information about Ampal please visit our web site at www.ampal.com.
Certain information in this press
release includes forward-looking statements (as such term is defined in the Private
Securities Litigation Reform Act of 1995) and information relating to the Company that are
based on the beliefs of management of the Company as well as assumptions made by and
information currently available to the management of the Company. When used in this press
release, the words "anticipate", "believe", "estimate,"
"expect", "intend", "plan", and similar expressions as they
relate to the Company or the management of the Company, identify forward-looking
statements. Such statements reflect the current views of the Company with respect to
future events or future financial performance of the Company, the outcome of which is
subject to certain risks and other factors which could cause actual results to differ
materially from those anticipated by the forward-looking statements, including among
others, the economic and political conditions in Israel, the Middle East, and the global
business and economic conditions in the different sectors and markets where the
Company's portfolio companies operate. Should any of these risks or uncertainties
materialize, or should underlying assumptions prove incorrect, actual results or outcome
may vary from those described herein as anticipated, believed, estimated, expected,
intended or planned. Subsequent written and oral forward-looking statements attributable
to the Company or persons acting on its behalf are expressly qualified in their entirety
by the cautionary statements in this paragraph. Please refer to the Company's annual,
quarterly and periodic reports on file with the SEC for a more detailed discussion of
these and other risks that could cause results to differ materially.
2

text: AMPAL-AMERICAN ISRAEL CORPORATION

text: Irit Eluz

text:
Ampal-American Israel
Corporation

text:
East
Mediterranean Gas

text: Ampal

label: fund

text: EMG

override: fund

text: Ampal

text: EMG

text: Ampal-American Israel Corporation

text:
East Mediterranean Gas
Company

text: EMG

text: Merhav M.N.F. Ltd.

text: EMG

text: EMG

text: EMG

text: EMG

text: EMG

text: Ampal

text: Ampal

text: Ampal

text: EMG

text: Ampal

text: Ampal

text: Jack Bigio

text: Ampal

text: Ampal

text: Ampal

text: EMG

text: Ampal

text: Ampal

text: Ampal

text: Ampal


text:
EX-99.1
3
rennova_8k-ex9901.htm
PRESS RELEASE
Exhibit 99.1
Rennova
Health completeS asset purchase agreement of
SCOTT
COUNTY COMMUNITY HOSPITAL
West Palm Beach, Fla. (January 17, 2017)
Rennova Health, Inc. (NASDAQ: RNVA), (NASDAQ: RNVAZ)
("Rennova" or the "Company"), a vertically integrated
provider of industry-leading diagnostics and supportive software solutions to healthcare providers, announced today that it has
closed the previously reported Asset Purchase Agreement to acquire certain assets related to Scott County Community Hospital, based
in Oneida, Tennessee ("Scott County Hospital").
Scott County Hospital is classified as a Critical
Access Hospital (rural), with 25 beds, a 24/7 emergency department, operating rooms and a laboratory that provides a range of ancillary
diagnostic services. The purchase includes a 52,000 sq. ft. hospital building and a 6,300 sq. ft. professional building on approximately
4.3 acres.
Rennova acquired the assets out of bankruptcy
for $600,000 in cash, plus the repayment of approximately $400,000 of debt secured by the foregoing land and buildings. Rennova
believes it will have the hospital open in part in the second quarter of 2017 and that the hospital will be fully operational by
the third quarter of 2017.
The hospital had unaudited annual revenues
of approximately $12 million, and a normalized EBITDA of approximately $1.3 million for Fiscal 2015, the last full year of the
hospital's operation. These revenues were attributable to the typical services of a rural acute care hospital, including
ER visits, outpatient procedures, diagnostic ancillary tests, physical therapy and inpatient hospital stays. Based on the hospital's
historical information, Rennova believes the hospital offers an established patient base with stable revenues as it serves the
general healthcare needs of its community and supports local physicians.
"We are thankful to the leaders of Scott
County and Oneida, TN for welcoming us. We are excited to become a part of the community and to bring back this vital resource
of a hospital", said Seamus Lagan, Chief Executive Officer of Rennova. "Furthermore, we look forward to getting to know
and working with other healthcare providers in East Tennessee as we serve the needs of the community".
About Rennova Health, Inc.
Rennova provides industry-leading diagnostics
and supportive software solutions to healthcare providers, delivering an efficient, effective patient experience and superior clinical
outcomes. Through an ever-expanding group of strategic brands that work in unison to empower customers, we are creating the next
generation of healthcare. For more information, please visit www.rennovahealth.com.
Forward-Looking Statements
This press release includes "forward-looking
statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act
of 1995. Actual results may differ from expectations and, consequently, you should not rely on these forward-looking statements
as predictions of future events. Words such as "expect", "estimate", "project", "budget,"
"forecast", "anticipate", "intend", "plan", "may", "will,"
"could", "should", "believes", "predicts", "potential", "continue,"
and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant
risks and uncertainties that could cause the actual results to differ materially from the expected results. Additional information
concerning these and other risk factors are contained in the Company's most recent filings with the Securities and Exchange
Commission. The Company cautions readers not to place undue reliance upon any forward-looking statements, which speak only
as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements to reflect any change in their expectations or any change in events, conditions or
circumstances on which any such statement is based, except as required by law.
Contacts:
Rennova Health
Sebastien Sainsbury, 561-666-9818
ssainsbury@rennovahealth.com
Investors
LHA
Kim Golodetz, 212-838-3777
Kgolodetz@lhai.com
or
Bruce Voss, 310-691-7100
Bvoss@lhai.com
# # #

text: Rennova Health, Inc.

text: Rennova

text: Rennova

text: Rennova

text: Rennova

text: Seamus Lagan

text: Rennova

text: Rennova Health, Inc.

text: Rennova


text:
EX-99
2
totalentertainmenti.htm
SHILOH INDUSTRIES, INC PRESS RELEASE
Total Luxury Group Completes Merger of International Apparel Group, Inc.
NEW YORK, NY -- 05/23/2006 -- Total Luxury Group, Inc. (OTCBB: TLEI) and
International Apparel Group, Inc. are pleased to announce the completion of
their merger.
As a result of the transaction, the apparel holding company known as
International Apparel Group, Inc., including its apparel licenses and
private label production, is now a wholly owned subsidiary of Total Luxury
Group, Inc.
Total Luxury Group CEO Sandy Masselli states: "We are very excited about
this deal and the future of our company. Our acquisition of International
Apparel Group provides us with worldwide sourcing and manufacturing
capabilities that can be utilized by all of our divisions. It also gives
us the opportunity to now aggressively seek apparel acquisitions and
licenses because we know we can produce and deliver quality apparel and
accessories at very competitive price points".
IAG President Janon Costley adds: "In addition to expanding our existing
properties, we have already identified several potential acquisition
targets and brand name licenses that will enable Total Luxury
Group to become a major competitor in a all major segments of the US
apparel industry for years to come".
Both companies received approval for the acquisition from their respective
Board of Directors. Following this transaction, the Company intends to
actively implement a growth strategy through additional acquisitions and
licensed programs.
For additional information: www.IAGFashions.com
About Total Luxury Group, Inc.
Total Luxury Group, Inc., which currently holds a distributorship agreement
for MCM, AG, has been seeking additional opportunities within the consumer
products industry, for acquisition of companies that have a proven
management team, and desirable products or services.
About International Apparel Group, Inc.
International Apparel Group, Inc. is an apparel holding company that
through its subsidiary companies manufactures and sells apparel to major
retailers and distributors around the world. Original Gear, Inc., one of
the subsidiaries in the IAG umbrella, manufactures and distributes apparel
under company owned trademarks "Original Gear" and "OG", a license from
legendary rapper DMC, as well as other licensed and private label
production for Converse, Randy Moss, the NIFL and others.
Except for historical information contained herein, the matters discussed
in this press release contain forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section 21E
of the Securities Exchange Act of 1934, as amended, that involve
substantial risks and uncertainties. When used in this press release and in
any documents incorporated by reference herein, the words "expects", "will"
and similar expressions identify certain of such forward-looking
statements. Actual results, performance, or achievements could differ
materially from those contemplated, expressed, or implied by the
forward-looking statements contained herein. These forward-looking
statements are based largely on the expectations of management and are
subject to a number of risks and uncertainties that are subject to change
based on factors which are, in many instances, beyond the Company's
control. These include, but are not limited to, risks and uncertainties
associated with: the impact of economic, competitive, and other factors
affecting the Company and its operations; and other risk factors. TLEI
cautions that the foregoing factors are not exclusive. TLEI assumes no
obligation to update the information contained in this press release.
CONTACT:
International Apparel Group, Inc.
MIAMI, FL
Janon Costley
(305) 892-6744
Or
Aurelius Consulting Group, Inc.
Sanford Diday
407-644-4256 ext. 115
sanford@aurcg.com

text: Total Luxury Group

text: International Apparel Group, Inc.

text: Total Luxury Group, Inc.

text: International Apparel Group, Inc.

text: International Apparel Group, Inc.

text:
Total Luxury
Group, Inc.

text: Total Luxury Group

text: International

text:
Total Luxury
Group

text: Total Luxury Group, Inc.

text: Total Luxury Group, Inc.

text: International Apparel Group, Inc.

text: International Apparel Group, Inc.

text: International Apparel Group, Inc.


text:
EX-99.1
2
d497020dex991.htm
EX-99.1
EX-99.1
Exhibit 99.1
Diodes Incorporated Closes Acquisition of BCD Semiconductor
Manufacturing Limited
Plano, Texas - March 5, 2013 -
Diodes Incorporated (Nasdaq: DIOD), a leading global manufacturer and supplier of high-quality
application specific standard products within the broad discrete, logic and analog semiconductor markets, today announced that it has completed its acquisition of BCD Semiconductor Manufacturing Limited ("BCD") in an all cash deal, valued
at approximately $151 million. Under the terms previously announced, each ordinary share, par value $0.001 per share, of BCD (the "Shares"), including Shares represented by American Depository Shares ("ADSs"), has been converted
into the right to receive cash. Each ADS represents six Shares and has been converted into the right to receive $8.00 in cash, without interest.
Dr. Keh-Shew Lu, Diodes' President and CEO, commented, "As we have worked with the BCD team over the past several weeks, we have come to appreciate more fully the integrity, dedication and
work ethic of their management team and the depth and value inherent in the BCD product portfolio. We have recognized that our companies' cultures are very compatible, and have been able to create a rapid integration plan that will allow us to
accelerate the profitable business opportunity of the combined organization".
Added Mr. Chieh Chang, BCD's CEO, "We have
been very pleased with the aggressive approach Diodes has taken to allow us to close this transaction so expediently. I am optimistic about the opportunity that merging with Diodes offers to our customers, partners, and employees. The BCD management
team and I look forward to being part of this dynamic and growing company".
About Diodes Incorporated
Diodes Incorporated (Nasdaq: DIOD), a Standard and Poor's SmallCap 600 and Russell 3000 Index company, is a leading global manufacturer and supplier
of high-quality application specific standard products within the broad discrete, logic and analog semiconductor markets. Diodes serves the consumer electronics, computing, communications, industrial, and automotive markets. Diodes' products
include diodes, rectifiers, transistors, MOSFETs, protection devices, functional specific arrays, single gate logic, amplifiers and comparators, Hall-effect and temperature sensors; power management devices, including LED drivers, DC-DC switching
and linear voltage regulators, and voltage references along with special function devices, such as USB power switches, load switches, voltage supervisors, and motor controllers. Diodes' corporate headquarters, logistics center, and
Americas' sales office are located in Plano, Texas. Design, marketing, and engineering centers are located in Plano; San Jose, California; Taipei, Taiwan; Manchester, England; and Neuhaus, Germany. Diodes' wafer fabrication facilities are
located in Kansas City, Missouri and Manchester, with two manufacturing facilities located in Shanghai, China, and two joint venture facilities located in Chengdu, China, as well as manufacturing facilities located in Neuhaus and Taipei. Additional
engineering, sales, warehouse, and logistics offices are located in Fort Worth, Texas; Taipei; Hong Kong; Manchester; Shanghai; Shenzhen, China; Seongnam-si, South Korea; Tokyo, Japan; and Munich, Germany, with support offices throughout the world.
For further information, including SEC filings, visit Diodes' website at
http://www.diodes.com
.
Forward-Looking Statements
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Any statements set forth above that are not historical facts are forward-looking statements that involve risks and
uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such statements include statements as to the expected benefits of the acquisition. Potential risks and uncertainties include, but are
not limited to, such factors as: the risk that BCD's business will not be integrated successfully into Diodes'; the risk that the expected benefits of the acquisition may not be realized; the risk that BCD's standards, procedures and
controls will not be brought into conformance within Diodes' operation; difficulties coordinating Diodes' and BCD's new product and process development, hiring additional management and other critical personnel, and increasing the
scope, geographic diversity and complexity of Diodes' operations; difficulties in consolidating facilities and transferring processes and know-how; the diversion of our management's attention from the management of our business; we may not
be able to maintain our current growth strategy or continue to maintain our current performance, costs and loadings in our manufacturing facilities; risks of domestic and foreign operations, including excessive operation costs, labor shortages,
higher tax rates and our joint venture prospects; unfavorable currency exchange rates; our future guidance may be incorrect; the global economic weakness may be more severe or last longer than we currently anticipated; and other information detailed
from time to time in Diodes' filings with the United States Securities and Exchange Commission.
Recent news releases, annual reports
and SEC filings are available at Diodes' website: http://www.diodes.com. Written requests may be sent directly to Diodes, or they may be e-mailed to: diodes-fin@diodes.com.
###
Company Contact:
Diodes Incorporated
Laura Mehrl
Director, Investor Relations
P:
972-987-3959
E: laura_mehrl@diodes.com
or
Investor Relations Contact:
Shelton Group
Leanne K. Sievers
EVP, Investor Relations
P: 949-224-3874
E: lsievers@sheltongroup.com

text: Diodes Incorporated

text:
BCD Semiconductor
Manufacturing Limited

text: Diodes Incorporated

text: BCD Semiconductor Manufacturing Limited

text: Keh-Shew Lu

text: Chieh Chang

text: Diodes Incorporated

text: Diodes Incorporated

text: Diodes Incorporated

text: Laura Mehrl


text:
EX-99.1
2
kcvicksburgpressrelease.htm
EX-99.1
Document
Exhibit 99.1
TWIN RIVER COMPLETES ACQUISITION OF KANSAS CITY AND VICKSBURG CASINOS
Acquisition is latest step in ongoing portfolio diversification strategy
Providence, Rhode Island - July 2, 2020 - Twin River Worldwide Holdings, Inc. (NYSE: TRWH) (the "Company" or "Twin River") today announced that it has completed the previously announced acquisition of Eldorado Resorts, Inc.'s subsidiaries that own the Isle of Capri Casino in Kansas City, Missouri ("Isle Kansas City"), and the Lady Luck Casino in Vicksburg, Mississippi ("Lady Luck Vicksburg"). The purchase price of the acquisition was $230 million, subject to customary adjustments.
"Isle Kansas City and Lady Luck Vicksburg expand our geographic footprint with assets in attractive markets. We believe these assets are a great fit for our portfolio and see the opportunity to increase the net cash flow from these properties with our redevelopment and operating plans", said George Papanier, President and Chief Executive Officer of Twin River. "We are very pleased to close on this transaction, the latest in our ongoing efforts to diversify our portfolio. Equally exciting are our three additional casinos under contract in Shreveport, Louisiana, Lake Tahoe, Nevada and Atlantic City, New Jersey. We see significant opportunities to create cross marketing connections for customers at multiple Twin River locations nationwide".
Isle Kansas City is located in Kansas City, Missouri overlooking the Missouri River in close proximity to downtown Kansas City and the Berkeley Riverfront. The property reopened on June 1
st
, currently has the ability to operate all amenities and consists of approximately 40 thousand square feet of casino space, 939 gaming machines, 13 table games and two dining venues. It is located at a premier location on the riverfront near downtown and is readily accessible to suburban traffic. The Company expects to substantially reposition the casino with a transformational redevelopment plan. Most of the related capital expenditures are expected to occur in 2021.
Lady Luck Vicksburg is located along the Mississippi River in Vicksburg, Mississippi. The property reopened on May 21
st
, is currently operating 50% of slots and features approximately 25 thousand square feet of casino space, 603 slot machines, eight electronic table games, three dining venues and an 89-room hotel.
These acquisitions closed just months after Twin River announced its plans to also acquire Eldorado Shreveport Resort and Casino in Shreveport, Louisiana and the Mont Bleu Resort Casino & Spa in Lake Tahoe, Nevada for an aggregate purchase price of $155 million. Separately, the Company has entered into an agreement with Caesars Entertainment Corporation and Vici Properties Inc. to acquire Bally's Atlantic City Hotel & Casino for $25 million in cash.
All together, these acquisitions significantly expand Twin River's footprint into four additional U.S. states. The five properties combined contain 4,860 slots, 2,181 hotel rooms and 189 tables. After acquisition of these properties, the Company will operate 12 properties in eight states.
About Twin River Worldwide Holdings, Inc.
Twin River Worldwide Holdings, Inc. owns and manages nine casinos, two in Rhode Island, two in Mississippi, one in Delaware, one in Missouri and three casinos as well as a horse racetrack that has 13 authorized OTB licenses in Colorado. Properties include Twin River Casino Hotel (Lincoln, RI), Tiverton Casino Hotel (Tiverton, RI), Hard Rock Hotel & Casino (Biloxi, MS), Lady Luck Vicksburg, (Vicksburg, MS), Dover Downs Hotel & Casino (Dover, DE), Isle of Capri Kansas City (Kansas City, MO), Golden Gates Casino (Black Hawk, CO), Golden Gulch Casino (Black Hawk, CO), Mardi Gras Casino (Black Hawk, CO), and Arapahoe Park racetrack (Aurora, CO). Its casinos range in size from 600 slots and eight electronic table games in Vicksburg to properties with over 4,100 slots, approximately 125 table games, and 48 stadium gaming positions, along with hotel and resort amenities. Its shares are traded on the New York Stock Exchange under the ticker symbol "TRWH".
Investor Contact
Media Contact
Steve Capp
Liz Cohen
Executive Vice President and Chief Financial Officer
Kekst CNC
401-475-8564
212-521-4845
InvestorRelations@twinriver.com
Liz.Cohen@kekstcnc.com
Forward-Looking Statements
This communication contains "forward-looking" statements as that term is defined in Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than historical facts, including future financial and operating results and the Company's plans, objectives, expectations and intentions, legal, economic and regulatory conditions are forward-looking statements. Forward-looking statements are sometimes identified by words like "may", "will", "should", "potential", "intend", "expect", "endeavor", "seek", "anticipate", "estimate", "overestimate", "underestimate", "believe", "could", "project", "predict", "continue", "target" or other similar words or expressions. Forward-looking statements are based upon current plans, estimates and expectations that are subject to risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. The inclusion of such statements should not be regarded as a representation that such plans, estimates or expectations will be achieved. Important factors that could cause actual results to differ materially from such plans, estimates or expectations include, among others, (1) uncertainty surrounding the ongoing COVID-19 pandemic, including uncertainty regarding its extent, duration and impact, the resulting closure of Twin Rivers' properties (all of which have re-opened) and the risk that the ongoing COVID-19 pandemic may require Twin River's properties to close again for an indeterminable period of time; (2) the time it will take Twin River to re-open its facilities and the restrictions applicable to its facilities upon re-opening; (3) the costs to comply with any mandated health requirements associated with the virus; (4) customer responses when Twin River's facilities are re-opened including the time it takes customers to return to the facilities and the frequency with which they visit Twin River's facilities; (5) the economic uncertainty and challenges in the economy resulting from the ongoing COVID-19 pandemic, including the resulting reduced levels of discretionary consumer spending; (6) challenges Twin River may face in bringing employees back to work upon re-opening of its facilities; (7) unexpected costs, charges or expenses resulting from the recently completed acquisitions; (8) uncertainty of the expected financial performance of Twin River, including the failure to realize the anticipated benefits of its acquisitions; (9) Twin River's ability to implement its business strategy; (10) evolving legal, regulatory and tax regimes; (11) the effects of competition that exists in the gaming industry; (12) the actions taken to reduce costs and losses as a result of the COVID-19 pandemic, which could negatively impact guest loyalty and our ability to attract and retain employees; (13) risks associated with increased leverage from Twin River's proposed acquisitions; (14) the inability or unwillingness of the lenders under our revolving credit facility to fund requests that we may make to borrow amounts under the facility; (15) increased borrowing costs associated with higher levels of borrowing and (16) other risk factors as detailed under Part I. Item 1A.
"Risk Factors" of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2019 as filed with the Securities and Exchange Commission on March 13, 2020 and the Company's Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2020 as filed with the Securities and Exchange Commission on May 14, 2020. The foregoing list of important factors is not exclusive.
Any forward-looking statements speak only as of the date of this communication. Twin River does not undertake any obligation to update any forward-looking statements, whether as a result of new information or development, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on any of these forward-looking statements.

text: TWIN RIVER

text: VICKSBURG CASINOS

text: Twin River Worldwide Holdings, Inc.

text: Twin River

text: Eldorado Resorts, Inc.

text: Isle of Capri Casino

text: Lady Luck Casino

text: George Papanier

text: Twin River

text: Twin River

text: Twin River

text: Caesars Entertainment Corporation

text: Vici Properties Inc.

text: Bally's Atlantic City Hotel & Casino

text: Twin River's

text: Twin River Worldwide Holdings, Inc.

text: Twin River Worldwide Holdings, Inc.

text: Twin River

text: Twin River's

text: Twin River

text: Twin River's

text: Twin River's

text: Twin River

text: Twin River

text: Twin River's

text: Twin River's

text: Twin River


text:
EX-99.1
2
exhibit991jan232017pressre.htm
EXHIBIT 99.1
Exhibit
Exhibit 99.1
OpenText Buys Documentum
WATERLOO, ON - January 23, 2017 - OpenText™ (NASDAQ: OTEX, TSX: OTC), a global leader in Enterprise Information Management (EIM), today announced that it has completed the closing of the previously announced acquisition of Dell EMC's Enterprise Content Division, including Documentum.
"Customers are rethinking their enterprise platforms to better compete in the age of digital. EIM is the key platform to enable that transformation, and our acquisition of Documentum and the Enterprise Content Division from DELL EMC significantly strengthens our market leading position", said OpenText CEO & CTO Mark J. Barrenechea. "We are pleased to welcome 5,000 marquee customers, 2,000 employees and over 300 partners to OpenText. Customers are responding very well to our Release 16 and this acquisition extends our leadership in content services, information archives, key verticals, and the Cloud".
Financing Details
The purchase price for the acquisition was U.S. $1.62 billion. The sources of funds used were approximately U.S. $650 million of cash on hand, U.S. $585 million net proceeds from an underwritten public offering of OpenText's common shares, U.S. $254 million net proceeds from a reopening of OpenText's 5.875% senior notes with the remaining funds drawn under OpenText's existing revolving credit facility.
Following the public offering of common shares in December 2016 in connection with the acquisition, OpenText had 131,500,448 common shares outstanding as at December 31, 2016, which does not yet reflect the 2-for-1 share split previously announced. OpenText's common shares are anticipated to commence trading on a post-split basis on Wednesday, January 25, 2017.
A market and financial update will be provided during the OpenText second quarter fiscal year 2017 financial results call on February 2, 2017.
About OpenText
OpenText is the largest independent software provider of Enterprise Information Management (EIM). For more information please visit www.opentext.com.
Cautionary Statement Regarding Forward-Looking Statements Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on OpenText's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. OpenText's assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors, which could occur, see OpenText's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the SEC and other securities regulators. Unless otherwise required by applicable securities laws, OpenText disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Copyright ©2017 Open Text. OpenText is a trademark or registered trademark of Open Text. The list of trademarks is not exhaustive of other trademarks. Registered trademarks, product names, company names, brands and service names mentioned herein are property of Open Text. All rights reserved. For more information, visit: http://www.opentext.com/who-we-are/copyright-information.
Notes: (1) All dollar amounts in this press release are in US dollars unless otherwise indicated.
1
Further information:
Greg Secord
Vice President, Investor Relations
Open Text Corporation
San Mateo, CA: (415) 963-0825
gsecord@opentext.com
Kasey Holman
Vice President, Corporate Communications
Open Text Corporation
San Mateo, CA: (650) 302-4191
kholman@opentext.com
2

text: OpenText

text: OpenText

text: Dell EMC

text: DELL EMC

text: OpenText

text: OpenText

text: OpenText

text: OpenText

text: OpenText

text: OpenText

text: OpenText

text: OpenText

text: OpenText

text: OpenText

text: OpenText

text: OpenText

text: OpenText

text: OpenText

text: OpenText

text: Greg Secord

text: Kasey Holman


text:
EX-99.1
4
kem3771261-ex991.htm
PRESS RELEASE, DATED AS OF JUNE 15, 2020
Contact:
KEMET Corporation:
Gregory C. Thompson
Executive Vice President and
Chief Financial Officer
GregThompson@KEMET.com
KEMET and Yageo Complete Merger
FORT LAUDERDALE, Fla., June 15, 2020 -- KEMET Corporation ("KEMET") (NYSE: KEM) today announced the completion of the acquisition of KEMET by Yageo Corporation ("Yageo") (TAIEX: 2327). In accordance with the terms of the merger agreement, Yageo has acquired all of the outstanding shares of KEMET's common stock for US $27.20 per share in an all-cash transaction with an equity value of approximately US $1.6 billion. As a result of the transaction, KEMET is now a wholly-owned subsidiary of Yageo, and KEMET's common stock is no longer listed on any public market.
Established in 1919 and headquartered in Fort Lauderdale, Florida, KEMET is a leading global supplier of high-end electronic components with a global footprint that includes 21 manufacturing facilities and approximately 12,500 employees located in 21 countries in the Americas, Asia and Europe. KEMET's main products include tantalum capacitors, ceramic capacitors, magnetic, sensors and actuators, and film and electrolytic capacitors. KEMET's products serve a number of applications, such as advanced automotive electronics, industrial applications, aerospace, medical, as well as smartphones, cloud/networking equipment, wireless communications, alternative energy and 5G technology. Holding more than 1,600 patents and trademarks worldwide, KEMET has established a leading position for its products via its advanced R&D and technical staff and design-in capabilities.
Together with KEMET, Yageo will be well positioned as a one-stop provider of passive electronic components, including a leading portfolio of polymer, tantalum, ceramic, film and electrolytic capacitors, chip resistors, circuit protection as well as magnetics, sensors and actuators, all addressing a full range of end market segments. The combined company will have an enhanced global footprint and be better able to partner with long-standing, blue chip customers worldwide through a combined 42 manufacturing plants and 14 dedicated R&D centers.
William M. Lowe, Jr., Chief Executive Officer of KEMET, said, "The closing of this transaction is the culmination of an extensive process by the KEMET board in an effort to enhance value for KEMET's stockholders. KEMET as part of the Yageo family will be well positioned to continue as a leading global provider of passive electronic components".
Advisors
Citi served as financial advisor to Yageo, and Simpson Thacher & Bartlett LLP and Tsar & Tsai Law Firm in Taiwan served as legal advisors. Goldman Sachs & Co. LLC served as financial advisor to KEMET and Skadden, Arps, Slate, Meagher & Flom LLP and LCS & Partners Law Firm in Taiwan served as legal advisors.
About KEMET
KEMET offers our customers the broadest selection of capacitor technologies in the industry, along with an expanding range of sensors, actuators and electromagnetic compatibility solutions. KEMET operates manufacturing facilities, sales and distribution centers around the world. Additional information about KEMET can be found at http://www.KEMET.com.
Cautionary Statement on Forward-Looking Statements
Certain statements herein contain "forward-looking statements" within the meaning of federal securities laws about KEMET's financial condition and results of operations that are based on management's current expectations, estimates and projections about the markets in which KEMET operates, as well as management's beliefs and assumptions. Words such as "expects", "anticipates", "believes", "estimates" or other similar expressions and future or conditional verbs such as "will", "should", "would" and "could" are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions, which are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in, or implied by, such forward-looking statements.
This communication includes forward-looking statements relating to the merger between KEMET and Yageo, including financial estimates and statements as to the completion and effects of the merger. These estimates and statements are subject to risks and uncertainties, and actual results might differ materially. Such estimates and statements include, but are not limited to, statements about the benefits of the merger, including future financial and operating results, the combined company's plans, expectations and intentions, and other statements that are not historical facts. Such statements are based upon the current beliefs and expectations of KEMET's management and are subject to significant risks and uncertainties outside of KEMET's control. Actual results could differ materially based on factors including, but not limited to: (i) potential adverse effects or changes to relationships with customers, employees, suppliers or other parties resulting from the completion of the merger; (ii) the effect of any lawsuits against KEMET and its directors relating to the merger and potential lawsuits that could be instituted against KEMET or its directors and officers, including the effects of any outcomes related thereto; (iii) the risks and uncertainties associated with, and resulting from, the COVID-19 pandemic or (iv) possible disruptions from the merger that could harm KEMET's business, including current plans and operations.
Discussions of additional risks and uncertainties are contained in KEMET's filings with the U.S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect KEMET's judgment only as of the date hereof. KEMET undertakes no obligation to update publicly any of these forward-looking statements to reflect new information, future events or otherwise.

text: KEMET

text: KEMET

text: Yageo

text: KEMET

text: KEMET

text: KEMET

text: Yageo Corporation

text: Yageo

text: Yageo

text: KEMET

text: KEMET

text: Yageo

text: KEMET

text: KEMET

text: KEMET

text: KEMET

text: KEMET

text: KEMET

text: Yageo

text: KEMET

text: KEMET

text: KEMET

text: KEMET

text: Yageo

text: Citi

text: Yageo

text: Goldman Sachs & Co. LLC

text: KEMET

text: LCS & Partners

text: KEMET

text: KEMET

text: KEMET

text: KEMET

text: KEMET

text: KEMET

text: KEMET

text: Yageo

text: KEMET

text: KEMET

text: KEMET

text: KEMET

text: KEMET

text: KEMET

text: KEMET

text: KEMET


text:
EX-99.1
7
v441785_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
JetPay Corporation Announces Completion of Acquisition
of CollectorSolutions, Inc.
Berwyn, PA - June 3, 2016
- JetPay Corporation ("JetPay" or the "Company") (NASDAQ: "JTPY"), a leading provider
of debit and credit card processing, payroll and human capital management, and prepaid card services, announced today that it has
completed the previously announced acquisition of CollectorSolutions, Inc. ("CSI"), a Pensacola, Florida based debit
and credit card processing company specializing in the government, utility, and non-profit sectors. The combined company would
have generated pro-forma revenues of $58.6 million in 2015, a 35% increase over JetPay's 2015 reported revenues of $43.3
million, and is expected to produce approximately $700 million of annual credit and debit card processing volume and approximately
$4.50 billion of annual e-check processing volume to JetPay. The acquisition was funded by the issuance of shares of JetPay common
stock and the absorption of debt and is expected to be immediately accretive.
CSI was founded in 1999 by Gene Valentino
specifically to provide debit and credit card processing services to government agencies and utilities, and most recently has begun
providing such services to nonprofit entities as an area of expertise. CSI delivers these high-quality products and services through
a proprietary technology that both integrates well into the enterprise software of its customers and delivers superior "real-time"
reporting that allows CSI's customers to be highly responsive to their own customers and constituents.
Diane (Vogt) Faro, Chief Executive Officer of JetPay Corporation,
stated, "We are excited about having Gene Valentino and his team at CSI join the JetPay family. CSI has been a major customer
of JetPay, which has allowed us to appreciate his leadership and ability to grow an organization that provides valued and innovative
solutions to his customers." Ms. Faro further commented, "Government and utility payments are one of the fastest-growing
segments in the payments' arena, as more and more consumers select electronic delivery versus cash and checks. CSI will not
only help us to expand our debit and credit card processing reach in these areas, but will also provide an excellent customer base
and channel to offer our payroll and prepaid card services".
"JetPay provides CSI the ability to offer enhanced service
to our customers. The breadth of JetPay's technologically advanced credit and debit card processing product line will bring
our customers added value", said Gene Valentino, Chief Executive Officer of CSI. "The ability of JetPay to quickly
and effectively innovate its technology platform, along with its unparalleled uptime has not only increased the satisfaction rates
with our current customers, but it has been critical in assisting us to land new business." Mr. Valentino continued, "JetPay
affords us the opportunity to not only expand our payments business, but also to provide additional services like payroll and human
capital management, prepaid, and other services in a quality and easy-to-service manner. We are excited to be part of the JetPay
team."
About JetPay
JetPay Corporation, based in Berwyn, PA, is a leading provider
of vertically integrated solutions for businesses including card acceptance, processing, payroll, payroll tax filing, human capital
management and other financial transactions. JetPay provides a single vendor solution for payment services, debit and credit card
processing, ACH services, and payroll and human capital management needs for businesses throughout the United States. The Company
also offers low-cost payment choices for the employees of these businesses to replace costly alternatives. The Company's
vertically aligned services provide customers with convenience and increased revenues by lowering payments-related costs and by
designing innovative, customized solutions for internet, mobile, and cloud-based payments. Please visit www.jetpay.com for more
information on what JetPay has to offer or call 866-4JetPay (866-453-8729).
About CSI
Since CSI's inception in 1999, its goal has been to provide
multiple methods of payment, collection, billing, and data movement with unsurpassed protection of data and funds. CSI's
core principles have always put the client's needs and their customers' payment preferences first. CSI understands
that customers shape the payment options that clients expect CSI to provide. CSI is prepared for the "cashless society".
CSI's growth this last decade was with the electronic processing of credit card, debit card, and electronic check payments.
CSI's "elastic" technology platform is poised for quick adoption and adaptation of future client expectations.
This exceptionally-responsive payment solution demands a sophistication that distinguishes CSI from its competition.
Forward-Looking Statements
This press release includes "forward-looking statements"
within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. JetPay's
actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking
statements as predictions of future events. Words such as "expect", "estimate", "project,"
"budget", "forecast", "anticipate", "intend", "plan", "may,"
"will", "could", "should", "believes", "predicts", "potential,"
"continue", and similar expressions are intended to identify such forward-looking statements. These forward-looking
statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected
results. Most of these factors are outside JetPay's control and are difficult to predict. Factors that may cause such differences
include, but are not limited to, (a) the ability of JetPay and CSI to promptly and effectively integrate their respective businesses,
(b) the outcome of any legal proceedings that may be instituted in connection with JetPay's acquisition of CSI, (c) the ability
to retain key employees of JetPay and CSI after JetPay's acquisition of CSI and (d) those described under the heading "Risk
Factors" in the Company's Annual Report filed with the Securities and Exchange Commission ("SEC") on Form
10-K for the fiscal year ended December 31, 2015, the Company's Quarterly Reports on Forms 10-Q and the Company's Current
Reports on Form 8-K.
JetPay cautions that the foregoing list of factors is not exclusive.
Additional information concerning these and other risk factors is contained in JetPay's most recent filings with the SEC.
All subsequent written and oral forward-looking statements concerning JetPay or other matters and attributable to JetPay or any
person acting on its behalf, are expressly qualified in their entirety by the cautionary statements above. JetPay cautions readers
not to place undue reliance upon any forward-looking statements, which speak only as of the date made. JetPay does not undertake
or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect
any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.
Contacts
JetPay Corporation
JetPay Corporation
Peter B. Davidson
Gregory M. Krzemien
Vice Chairman and Corporate Secretary
Chief Financial Officer
(484) 324-7980
(484) 324-7980
peter.davidson@jetpaycorp.com
gkrzemien@jetpaycorp.com
###

text: JetPay Corporation

text: CollectorSolutions, Inc.

text: JetPay Corporation

text: JetPay

text: CollectorSolutions, Inc.

text: JetPay

text: JetPay

text: JetPay

text: Gene Valentino

text: JetPay Corporation

text: Gene Valentino

text: JetPay

text: JetPay

text: JetPay

text: JetPay

text: Gene Valentino

text: JetPay

text: JetPay

text: JetPay

text: JetPay

text: JetPay Corporation

text: JetPay

text: JetPay

text: JetPay

text: JetPay

text: JetPay

text: JetPay

text: JetPay

text: JetPay

text: JetPay

text: JetPay

text: JetPay

text: JetPay

text: JetPay

text: JetPay

text: JetPay Corporation

text: JetPay Corporation