text:
EX-99
3
pc_8kex99-60327.txt
Exhibit 99
PACEL Corp. acquires World Wide Personnel Service of Maine as its second Maine
acquisition
Charlotte, NC, March 27, 2006. (PRNEWS WIRE)--PACEL, Corp. PCCE; PACEL Corp.
announces that it has acquired World Wide Personnel Services of Maine, Inc.
headquartered in Auburn, Maine.
World Wide Personnel Services of Maine, Inc.is a Professional Employment
Organization (PEO) founded in 1999. PACEL Corp. entered into a Letter of Intent
to purchase World Wide Personnel Services of Maine, Inc. and its sister
corporation, United Personnel Services, Inc, in November 2005. PACEL Corp.
closed on the acquisition of United Personnel Services, Inc. on March 7, 2006
Combined, these companies generate in excess of $2.5 million a year in revenue,
serving over 60 clients. PACEL Corp. anticipates $500,000 in gross profit
annually from these companies. The addition of both companies will strengthen
PACEL Corp.'s presence along the eastern United States.
These companies specialize in quality human resource management services and
guidance for small to mid-sized businesses. In order to minimize expenses and
have a seamless transition of clients, current management will operate the
business affairs and operations both companies.
Ms. Toni Peterson, President World Wide Personnel Services of Maine, Inc. stated
"We believe becoming part of the PACEL family of superior Human Resource
Outsourcing companies allows us to broaden service to our existing clients and
add new clients".
"We are very excited about World Wide Personnel Services of Maine, Inc. becoming
part of the Pacel family of Human Resource Outsourcing companies. World Wide
Personnel Services of Maine, Inc not only strengthens Pacel's our client base
but also our management team. The acquisition of World Wide Personnel Services
of Maine, Inc is one more example of how PACEL Corp. is dedicated to increasing
its revenue and market presence in the growing Human Resource Outsourcing
marketplace." stated Gary Musselman, President and CEO of PACEL Corp.
PEO companies are growing at a rate of greater than 20% and most experts predict
this rate of growth can be sustained for 5-10 years as PEO's respond to the
growing need for their services. The Small Business Administration estimates
there are nearly 6 million businesses with fewer than 100 employees. These small
to mid-sized businesses employ over 52 million employees with an aggregate
payroll of over $1.1 trillion. It is estimated the PEO industry currently has
between 2-3 million worksite employees with annual payrolls greater than $18
billion. With just 2% of the market, the growth in PEO services is unlimited.
With an average annual growth rate of 20%, more and more business owners are
turning to the Professional Employer Industry to provide them with the tools
they need to increase productivity and profits.
Cautionary Statement for the Purpose of Safe Harbor Provisions of the Private
Securities Litigation Reform Act of 1995: Forward-looking statements in this
news release are made under the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Certain important factors could cause results to
differ materially from those anticipated by forward-looking statements,
including the impact of competition, the success of existing and new product
releases, the management of our growth, and other factors discussed from time to
time in reports filed by the company with the Securities and Exchange Commission
SOURCE: Pacel Corp.

text: PACEL Corp.

text: World Wide Personnel Service of Maine

text: PACEL, Corp.

text: PACEL Corp.

text: PACEL Corp.

text: United Personnel Services, Inc

text: PACEL Corp.

text: United Personnel Services, Inc.

text: PACEL Corp.

text: PACEL Corp.

text: Toni Peterson

text: PACEL Corp.

text: Gary Musselman

text: PACEL Corp.

text: Pacel Corp.


dataset: buster

text:
EX-99.1
2
aimc-ex991_6.htm
EX-99.1
aimc-ex991_6.htm
Exhibit 99.1
Altra Completes Acquisition of Stromag
Acquisition Expected to be Accretive in First 12 Months of Operations
January 3, 2017 -- Braintree, Mass. -- Altra Industrial Motion Corp. (NASDAQ: AIMC), a global manufacturer and marketer of electromechanical power transmission and motion control products, today announced that on December 30, 2016 it closed on the acquisition of the Stromag business from GKN plc. Stromag generated approximately 131 million euros in revenue in 2015, and the acquisition is anticipated to be accretive to Altra's earnings in 2017, excluding any one-time or acquisition-related costs.
The acquisition cost comprised the assumption of debt totaling approximately 14 million euros and a cash consideration of approximately 184 million euros and is subject to normal adjustments related to working capital and other reconciling items.
"Stromag provides Altra with complementary products, increased presence in key geographic regions and penetration into new growth end markets", said Carl Christenson, Chairman and CEO of Altra. "It has a strong reputation, and its highly engineered clutches, brakes, torsional couplings and limit switches serve as excellent product extensions for Altra. We are excited to welcome the more than 700 Stromag employees to the Altra family".
About Stromag
Stromag is a market-leader with a strong technology base and a heritage of providing tailored engineered solutions for its customers. Its core products include an array of clutches and brakes, flexible couplings, limit switches and friction discs. Stromag serves the agricultural equipment, construction, crane & hoist, marine, metal processing, renewable energy and general industrial markets. Founded in 1932, the business is headquartered in Unna, Germany and has operations in Germany, France, the U.S., the UK, Brazil, India and China.
About Altra Industrial Motion Corp.
Altra Industrial Motion Corp., through its subsidiaries, is a leading global designer, producer and marketer of a wide range of electromechanical power transmission and motion control products. The Company brings together strong brands covering over 40 product lines with production facilities in twelve countries. Altra's leading brands include Ameridrives Couplings, Bauer Gear Motor, Bibby Turboflex, Boston Gear, Delroyd Worm Gear, Formsprag Clutch, Guardian Couplings, Huco, Industrial Clutch, Inertia Dynamics, Kilian Manufacturing, Lamiflex Couplings, Marland Clutch, Matrix, Nuttall Gear, Stieber Clutch, Stromag, Svendborg Brakes, TB Wood's, Twiflex, Warner Electric, Warner Linear, and Wichita Clutch. [AIMC-G]
The Altra logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=4038
.
All statements, other than statements of historical fact included in this release are forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, any statement that may predict, forecast, indicate or imply future results, performance, achievements or events. Forward-looking statements can generally be identified by phrases such as "believes", "expects", "potential", "continues", "may", "should", "seeks", "predicts", "anticipates", "intends", "projects", "estimates", "plans", "could", "designed", "should be", and other similar expressions that denote expectations of future or conditional events rather than statements of fact. Forward-looking statements also may relate to
Exhibit 99.1
strategies, plans and objectives for, and potential results of, future operations, financial results, financial condition, business prospects, growth strategy and liquidity, and are based upon financial data, market assumptions and management's current business plans and beliefs or current estimates of future results or trends available only as of the time the statements are made, which may become out of date or incomplete. Forward-looking statements are inherently uncertain, and investors must recognize that events could differ significantly from our expectations. These statements include, but may not be limited to, those relating to the Company's expectations with respect to the accretive impact of the Stromag acquisition on the Company's earnings.
In addition to the risks and uncertainties noted in this release, there are certain factors that could cause actual results to differ materially from those anticipated by some of the statements made. These include: (1) competitive pressures, (2) changes in economic conditions in the United States and abroad and the cyclical nature of our markets, (3) loss of distributors, (4) the ability to develop new products and respond to customer needs, (5) risks associated with international operations, including currency risks, (6) accuracy of estimated forecasts of OEM customers and the impact of the current global economic environment on our customers, (7) risks associated with a disruption to our supply chain, (8) fluctuations in the costs of raw materials used in our products, (9) product liability claims, (10) work stoppages and other labor issues, (11) changes in employment, environmental, tax and other laws and changes in the enforcement of laws, (12) loss of key management and other personnel, (13) risks associated with compliance with environmental laws, (14) the ability to successfully execute, manage and integrate key acquisitions and mergers, (15) failure to obtain or protect intellectual property rights, (16) risks associated with impairment of goodwill or intangibles assets, (17) failure of operating equipment or information technology infrastructure, (18) risks associated with our debt leverage and operating covenants under our debt instruments, (19) risks associated with restrictions contained in our Convertible Notes and Credit Facility, (20) risks associated with compliance with tax laws, (21) risks associated with the global recession and volatility and disruption in the global financial markets, (22) risks associated with implementation of our ERP system, (23) risks associated with the Svendborg, Guardian and Stromag acquisitions and integration and other acquisitions, including but not limited to risks related to the integration of Stromag's sales force, management team and other employees and failure to close the Stromag acquisition, (24) risks associated with the closure of the Company's manufacturing facility in Changzhou, China, (25) risks associated with certain minimum purchase agreements we have with suppliers, (26) risks associated with our exposure to variable interest rates and foreign currency exchange rates, (27) risks associated with interest rate swap contracts, (28) risks associated with the potential dilution of our common stock as a result of our convertible notes, (29) risks associated with our exposure to renewable energy markets, (30) risks related to regulations regarding conflict minerals, (31) risks related to restructuring and plant consolidations, (32) risk associated with the UK vote to leave the European Union and (33) other risks, uncertainties and other factors described in the Company's quarterly reports on Form 10-Q and annual reports on Form 10-K and in the Company's other filings with the U.S. Securities and Exchange Commission (SEC) or in materials incorporated therein by reference. Except as required by applicable law, Altra Industrial Motion Corp. does not intend to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
Contact: Altra Industrial Motion Corp.
Christian Storch, Chief Financial Officer
(781) 917-0541
christian.storch@altramotion.com

label: organization

text: Altra

text: Stromag

text: Altra Industrial Motion Corp.

text: Stromag

text: Stromag

text: Altra

text: Stromag

text: Altra

label: person

text: Carl Christenson

text: Altra

text: Altra

text: Stromag

text: Altra

text: Stromag

text: Stromag

text: Stromag

text: Altra Industrial Motion Corp.

text: Altra Industrial Motion Corp.

text: Altra

text: Stromag

text: Altra

text: Stromag

text: Stromag

text: Stromag

text: Stromag

text: Altra Industrial Motion Corp.

text: Altra Industrial Motion Corp.

text: Christian Storch

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
2
newsrelease.htm
PRESS RELEASE
Heritage-Crystal Clean, Inc. Acquires FCC Environmental for $90 Million
EXHIBIT 99.1
Heritage-Crystal Clean, Inc. Acquires FCC Environmental for $90 Million
ELGIN, Ill., Oct. 16, 2014 (GLOBE NEWSWIRE) -- Heritage-Crystal Clean, Inc. (Nasdaq:HCCI) ("the Company"), a leading provider of parts cleaning, used oil re-refining, and hazardous and non-hazardous waste services primarily focused on small and mid-sized customers, today announced its subsidiary Heritage - Crystal Clean, LLC has acquired FCC Environmental, an environmental services provider and a significant collector of used oil in the United States, for total consideration of $90 million. The business was purchased from Fomento de Construcciones y Contratas S.A. ("FCC"), based in Madrid, Spain.
Mr. Joseph Chalhoub, Founder, President, and Chief Executive Officer of Heritage-Crystal Clean, Inc. commented: "We are very pleased to be adding FCC Environmental's personnel to our team and their assets to our organization. FCC Environmental, with sales of approximately $160 million during fiscal 2013, operates 34 facilities in the eastern half of the United States. This acquisition will allow us to quickly improve the overall efficiency of our used oil collection fleet and to substantially expand the Environmental Services segment of our company. We are also excited to have the opportunity to service FCC Environmental's approximately 30,000 customers. Based on the historical performance of the business, the Company expects the transaction will result in additional used oil volume for the Company of approximately 54 million gallons per year".
FCC Environmental's other service offerings are complementary to those of Heritage-Crystal Clean and include oily water disposal, vacuum services, parts cleaning services, used antifreeze collection and recycling, used oil filter collection and recycling and other environmental field services.
Mr. Mark DeVita, Chief Financial Officer of HCCI added: "This transaction is our largest acquisition to date, and we expect it to be accretive in fiscal 2015. The transaction provides us the opportunity to capture significant synergies which we estimate will be approximately $20 million annually once the integration is complete. We expect to complete the integration within approximately one year. The consideration for the acquisition is all cash and the transaction is being financed through borrowings under our credit facility, which was amended in connection with the acquisition so that we can borrow up to $140 million".
Please click on this link to view the Company's presentation, which provides additional information about the acquisition.
Safe Harbor Statement
All references to the "Company", "we", "our", and "us" refer to Heritage-Crystal Clean, Inc., and its subsidiaries.
This release contains forward-looking statements that are based upon current management expectations. Generally, the words "aim", "anticipate", "believe", "could", "estimate", "expect", "intend", "may", "plan", "project", "should", "will", "will be", "will continue", "will likely result", "would" and similar expressions identify forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause our actual results, performance or achievements or industry results to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. These risks, uncertainties, and other important factors include, among others: our ability to integrate the acquisition as contemplated; our ability to achieve the synergies contemplated with respect to the acquisition; our ability to pay our debt when due and comply with our bank covenants; volatility in the price of base oil; increased solvent, fuel, and energy costs and volatility in the price of crude oil; increased market supply or decreased demand for base oil; the used oil re-refinery does not perform as anticipated; the used oil re-refinery may not generate the operating results that we anticipate; changes in environmental laws that affect our business model; our ability to comply with the extensive environmental, health and safety, and employment laws and regulations that our Company is subject to; competition; economic conditions including conditions like those experienced in the recent recession and financial crisis and downturns in the business cycles of automotive repair shops, industrial manufacturing business, and small businesses in general; dependency on suppliers; our dependency on key employees; claims relating to our handling of hazardous substances; the limited demand for our used solvent; our ability to effectively manage our extended network of branch locations; warranty expense and liability claims; personal injury litigation; the control of The Heritage Group over our Company; and the risks identified in our Annual Report on Form 10-K filed with the SEC on March 3, 2014 and subsequent filings with the SEC. Given these uncertainties, you are cautioned not to place undue reliance on these forward-looking statements. We assume no obligation to update or revise them or provide reasons why actual results may differ. The information in this release should be read in light of such risks and in conjunction with the consolidated financial statements and the notes thereto included elsewhere in this release.
About Heritage-Crystal Clean, Inc.
Heritage-Crystal Clean, Inc. provides parts cleaning, used oil re-refining, and hazardous and non-hazardous waste services to small and mid-sized customers in both the manufacturing and vehicle service sectors. Our service programs include parts cleaning, containerized waste management, used oil collection and re-refining, vacuum truck services, and waste antifreeze collection and recycling. These services help our customers manage their used chemicals and liquid and solid wastes while also helping to minimize their regulatory burdens. Our customers include businesses involved in vehicle maintenance operations, such as car dealerships, automotive repair shops, and trucking firms, as well as small manufacturers, such as metal product fabricators and printers. Through our used oil re-refining program, we recycle used oil into high quality lubricating base oil, and we are a supplier to firms that produce and market finished lubricants. Heritage-Crystal Clean, Inc. is headquartered in Elgin, Illinois, and operates through 76 branches serving over 97,000 customer locations.
The Company uses its website to make available information to investors and the public at www.crystal-clean.com.
About FCC Environmental
FCC Environmental is focused on providing best-in-class industrial waste and recycling services with a strong focus on hydrocarbon-based waste streams. The company serves more than 30,000 customers covering the eastern half of the United States.
FCC Environmental forms part of FCC, headquartered in Spain and present in more than fifty countries and generating approximately $12 billion in annual revenue. Internationally, FCC Environmental provides a full-range of environmental services and is recognized as an industry leader delivering innovative waste collection and treatment services for solid waste, hazardous waste, electronic waste, paper, metal, glass and other specialized materials. Customers number in the millions.
Predecessor firms for FCC Environmental in the U.S. include International Petroleum, Energy Recovery, PORI International, Mobley Environmental, Alpha Omega, Magnum, Eastern Oil, and Procycle.
Conference Call
The Company will host a conference call on Friday October 17, 2014 at 9:30 AM Central Time, during which management will make a brief presentation about the acquisition. Interested parties can listen to the audio webcast available through our company website, http://www.crystal-clean.com/investor/FinancialReleases.asp, and can participate in the call by dialing (720) 545-0014.
The Company uses its website to make available information to investors and the public at www.crystal-clean.com.
CONTACT: Mark DeVita, Chief Financial Officer, at (847) 836-5670

text: Heritage-Crystal Clean, Inc.

text: FCC Environmental

text: Heritage-Crystal Clean, Inc.

text: FCC Environmental

text: Heritage-Crystal Clean, Inc.

text: Heritage - Crystal Clean, LLC

text: Environmental

text: Joseph Chalhoub

text: Heritage-Crystal Clean, Inc.

text: FCC Environmental

text: FCC Environmental

text: Environmental

text: FCC Environmental

text: FCC Environmental

text: Heritage-Crystal Clean, Inc.

text: Heritage-Crystal Clean, Inc.

text: Heritage-Crystal Clean, Inc.

text: Heritage-Crystal Clean, Inc.

text: FCC Environmental

text: FCC Environmental

text: FCC Environmental

text: FCC Environmental

text: FCC Environmental

text: Environmental


text:
EX-99.1
3
v146065_ex99-1.htm
Unassociated Document
China Broadband Completes Acquisition of
AdNet China
Acquisition advances market leadership
and extends reach to Internet users across China
NEW YORK, NY-China Broadband, Inc. (OTC
BB: CBBD), a provider of cable broadband services and publisher of dig ital and
analog program guides in the Shandong Province of China, today announced
that, through it wholly
owned subsidiary, China Broadband, Ltd., it has completed its acquisition of
AdNet Media Technologies
Co., Ltd. ("AdNet China"), a Beijing company
delivering multimedia advertising content to internet cafés throughout the People's Republic of
China ("PRC").
Under terms of the transaction,
previously announced on February 17, 2009, China Broadband has purchased AdNet
China in exchange for stock only.
Leadership of the combined corporation
will remain with the acquiring entity. Effective immediately, China Broadband
will execute on the planned integration of the two companies with Marc Urbach,
President of China Broadband, overseeing the transition and ensuring the
implementation of combining the companies' products and
offerings.
"Today is a significant step towards
building our leadership position in China's growing media market", comments Marc
Urbach, President of China Broadband. "This acquisition will address the rapidly
expanding industry and accelerate our value-added service offerings.
We believe that
the addition of AdNet
China and incorporation of its employees and
top PRC based executives into China Broadband will allow us to achieve effective
synergies and expand our opportunities for growth through the addition of new
revenue streams".
AdNet China currently operates and is licensed to
operate in 29 provinces in China with servers in five data centers
including Wuhan, Wenzhou, Yantai, Yunan and with a master
distribution server in Tongshan. Partnering with a local
advertisement agency, AdNet China provides a network for multiple tens of
thousands of daily video ad insertions to entertainment content traffic (movies,
music, video, and games). The Company projects a target service
initiation of over 3,000 cafés during the first quarter of 2009 with a plan to
triple that by the end of the year.
About
China Broadband
China Broadband's flagship operation is
Jinan Jia He Broadband, also known as Jinan Broadband, the fifth largest
broadband operator in China and the second largest broadband
service provider in Shandong's capital city of Jinan. Through its Shandong Group subsidiary,
China Broadband publishes digital and analog television program guides,
newspapers and entertainment magazines. It holds the exclusive license to
publish television program guides in Shandong Province, one of the largest regional economies
in China. For more information, visit
http://www.chinabroadband.tv
Disclosure
This release contains forward-looking
statements which are made pursuant to the safe harbor provisions of Section 21E
of the Securities Exchange Act of 1934. The forward-looking statements in this
release do not constitute guarantees of future performance. Investors are
cautioned that statements in this press release, which are not strictly
historical statements, including, without limitation, statements by management,
statements concerning internal operations, marketing, management's plans,
objectives and strategies, and management's assessment of market factors and
conditions, constitute forward-looking statements. Such forward-looking
statements are subject to a number of risks and uncertainties that could cause
actual results to differ materially from those anticipated by the
forward-looking statements, including, without limitations, the volatility of
domestic and international financial, bond and stock markets, intense
competition, extensive governmental regulation, litigation, substantial
fluctuations in the volume and price level of securities and other risks as
detailed in the Company's filings with the Securities and Exchange
Commission.
Contact:
AudioStocks.com
Ronald Garner
Investor Hotline:
760-692-1167
ron@ audiostocks.com

text: China Broadband

text: AdNet China

text: China Broadband, Inc.

text: China Broadband, Ltd.

text:
AdNet Media Technologies
Co., Ltd.

text: AdNet China

text: China Broadband

text:
AdNet
China

text: China Broadband

text: Marc Urbach

text: China Broadband

text:
Marc
Urbach

text: China Broadband

text:
AdNet
China

text: China Broadband

text: AdNet China

text: AdNet China

text: China Broadband

text: China Broadband

text: China Broadband


text:
EX-99.1
2
ex99-1.htm
PRESS RELEASE
ex99-1.htm
Exhibit 99.1
Blount International Announces Acquisition
of Woods Equipment Company
PORTLAND, OR
- August 17, 2011 - Blount International, Inc. (NYSE: BLT) ("Blount"), a leader in the design, manufacturing, and marketing of replacement parts and equipment for consumers and professionals in select global end markets, including forestry; lawn and garden; farm, ranch, and agriculture; and concrete cutting and finishing, today announced the execution of a definitive agreement to acquire GenWoods HoldCo, LLC ("Woods Holdings") and its wholly owned subsidiary, Woods Equipment Company ("Woods"), a manufacturer and marketer of equipment and replacement parts primarily for the agriculture end market. Woods is based in Oregon, Illinois, with approximately $160 million in sales for the twelve months ended July 31, 2011. The acquisition will be structured as a merger and will be subject to certain customary terms and conditions, including U.S. antitrust clearance. Pursuant to the terms of the merger agreement, a newly formed subsidiary of Blount will merge with and into Woods Holdings and pay aggregate merger consideration of approximately $185 million in cash, subject to certain adjustments based on Woods' closing date working capital. The merger consideration will be financed with cash-on-hand and borrowings under its revolving credit facility. Pending regulatory clearance, the transaction is expected to close by the end of Q3 2011.
The acquisition of Woods provides numerous benefits to Blount, including:
●
Increased distribution for Blount's farm, ranch, and agriculture end market business, particularly in the agricultural dealer channel
●
Expanded product line of tractor attachments and aftermarket replacement parts, including the well-known Woods® and TISCO® brands, for Blount's farm, ranch, and agriculture business
●
Leverage of Blount's manufacturing and product development expertise and global distribution and supply chain network, particularly product sourcing
●
Enhanced North American manufacturing and distribution footprint through the addition of three manufacturing and five distribution facilities
"The acquisition of Woods significantly increases the scale of our farm, ranch, and agriculture business", said Josh Collins, Blount's Chairman and Chief Executive Officer. "Woods' excellent brands, strong market position, and experienced management team coupled with our global distribution and supply chain network will provide many sales and efficiency opportunities within our combined businesses. There is a long list of value creation opportunities in this acquisition".
4909 SE INTERNATIONAL WAY | PORTLAND, OREGON 97222 | 503.653.8881
Following the consummation of the transaction, Jerry Johnson, President of Woods' Attachment business unit; Bill Stuckert, President of Woods
'
Aftermarket Parts business unit; and Mark Miller, Chief Financial Officer of Woods, will report to Paul Valas, President of Blount's Farm, Ranch, and Agriculture division. Commenting on the acquisition, Mr. Valas stated, "Woods is an excellent strategic fit for our business, and the combination greatly expands our product offering and distribution network".
Jerry Johnson stated, "We are excited to have Woods become part of Blount, a company that shares our belief that high quality products, innovation, and excellent customer service drive the growth of our business." Bill Stuckert added, "Blount's product offering and farm and ranch retail distribution is a natural fit with our TISCO aftermarket replacement parts and dealer network. Blount's global supply chain infrastructure will bring resources that will greatly enhance our growth opportunities".
Founded in 1946, Woods is a manufacturer and marketer of equipment and replacement parts for the agriculture, grounds maintenance, and construction markets, primarily in North America, with approximately $160 million in sales for the twelve months ended July 31, 2011. Woods manufactures, markets, and distributes agriculture and construction attachments and related replacement parts in its Attachment business unit, and it markets and distributes one of the largest selections of replacement parts for tractors and implements through its Aftermarket Parts business unit. Woods offers its products under the brand names Woods®, Alitec®, Central Fabricators®, Gannon®, Wain-Roy®, WoodsCare™, and TISCO® through a vast distribution network, including over 11,000 dealers nationwide, original equipment manufacturers, nationwide farm stores, an e-commerce portal, and tractor repair shops.
Blount is a leader in the design, manufacturing, and marketing of replacement parts and equipment for consumers and professionals in select global end markets, including forestry; lawn and garden; farm, ranch, and agriculture; and concrete cutting and finishing, and is the market leader in manufacturing saw chain and guide bars for chain saws. Blount sells its products in more than 100 countries around the world. For more information about Blount, please visit our website
at http://www.blount.com/.
###
4909 SE INTERNATIONAL WAY | PORTLAND, OREGON 97222 | 503.653.8881
Forward looking statements in this release, including without limitation the Company
'
s outlook, expectations, beliefs, plans, indications, estimates, anticipations, guidance, and their variants, as defined by the Private Securities Litigation Reform Act of 1995, are based upon available information and upon assumptions that the Company believes are reasonable; however, these forward looking statements involve certain risks and should not be considered indicative of actual results that the Company may achieve in the future. In particular, among other things, guidance given in this release is expressly based upon certain assumptions concerning market conditions, foreign currency exchange rates, raw material costs, the presumed relationship between backlog, and future sales trends, as well as the uncertainty of the current global economic situation. To the extent that these assumptions are not realized going forward, or other unforeseen factors arise, actual results for the periods subsequent to the date of this announcement may differ materially.
4909 SE INTERNATIONAL WAY | PORTLAND, OREGON 97222 | 503.653.8881

text: Blount International

text: Woods Equipment Company

text: Blount International, Inc.

text: GenWoods HoldCo, LLC

text: Woods

text: Woods Equipment Company

text: Woods

text: Woods

text: Woods

text: Woods

text: Woods

text: Woods

text: Woods

text: Woods

text: Jerry Johnson

text: Woods

text: Bill Stuckert

text: Woods

text: Mark Miller

text: Woods

text: Paul Valas

text: Woods

text: Jerry Johnson

text: Woods

text: Bill Stuckert

text: Woods

text: Woods

text: Woods

text: Woods


text:
EX-99.1
4
tm2131553d10_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
Thoma Bravo Completes Acquisition of QAD
SAN FRANCISCO and SANTA BARBARA, Calif
.
- November 5, 2021 -
Thoma Bravo, a leading software investment firm, and QAD Inc., a leading provider of next-generation
manufacturing and supply chain solutions in the cloud, today announced the completion of Thoma Bravo's acquisition of QAD for approximately
$2 billion in cash. The transaction was previously announced on June 28, 2021, and approved by QAD's stockholders at the Special
Meeting of Stockholders held on November 2, 2021.
Subject to the terms of the definitive merger agreement, QAD stockholders
will receive $87.50 per share of Class A Common Stock or Class B Common Stock. QAD's common stock has ceased trading and will be
delisted from the Nasdaq stock market.
"The closing of this transaction is an important milestone in
QAD's history, and we are excited to begin the next phase of our company's evolution", said Anton Chilton, QAD Chief
Executive Officer. "I am very proud of what QAD has achieved since its founding and the momentum we've built over the last
few years. Now, with Thoma Bravo's expertise, resources and support, we are well-positioned to build on that momentum, further expand
our reach and enhance our value proposition for our customers".
"This is an outstanding opportunity to work with Anton and the
talented QAD team to build on the Company's strong foundation and take the business to the next level", said Scott Crabill,
a Managing Partner at Thoma Bravo. "Through this partnership, we are committed to
investing in QAD's continued growth, advancing the Company's vision and driving sustainable value for all stakeholders".
Peter Stefanski, a Principal at Thoma Bravo, added, "The
rate of change that global manufacturers are currently facing has never been higher. As new partners to QAD, Thoma Bravo is
committed to support the Company in its mission to enable its customers to rapidly adapt to disruption and to effectively innovate
for competitive advantage".
Morgan Stanley & Co. LLC served as financial advisor to QAD's
Special Committee, and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as the Special Committee's legal counsel. Manatt,
Phelps & Phillips, LLP served as legal counsel to QAD. Moelis & Company LLC served as financial advisor and Paul Hastings LLP
served as legal counsel to Pamela Lopker.
Barclays served as financial advisor and Kirkland & Ellis LLP is
serving as legal counsel to Thoma Bravo.
About Thoma Bravo
Thoma Bravo is one of the largest private equity firms in the world,
with more than $83 billion in assets under management as of June 30, 2021. The firm invests in growth-oriented, innovative companies operating
in the software and technology sectors. Leveraging the firm's deep sector expertise and proven strategic and operational capabilities,
Thoma Bravo collaborates with its portfolio companies to implement operating best practices, drive growth initiatives and make accretive
acquisitions intended to accelerate revenue and earnings. Over the past 20-plus years, the firm has acquired more than 325 software and
technology companies representing over $100 billion of value. The firm has offices in Chicago, Miami and San Francisco. For more information,
visit thomabravo.com.
About QAD - Enabling the Adaptive Manufacturing Enterprise
QAD Inc. is a leading provider of next generation manufacturing and
supply chain solutions in the cloud. Global manufacturers face ever-increasing disruption caused by technology-driven innovation and changing
consumer preferences. In order to survive and thrive, manufacturers must be able to innovate and change business models at unprecedented
rates of speed. QAD calls these companies Adaptive Manufacturing Enterprises. QAD solutions help customers in the automotive, life sciences,
consumer products, food and beverage, high tech and industrial manufacturing industries rapidly adapt to change and innovate for competitive
advantage.
Founded in 1979 and headquartered in Santa Barbara, California, QAD
has 30 offices globally. Over 2,000 manufacturing companies have deployed QAD solutions including enterprise resource planning (ERP),
demand and supply chain planning (DSCP), global trade and transportation execution (GTTE) and quality management system (QMS) to become
an Adaptive Manufacturing Enterprise. To learn more, visit www.qad.com or call +1 805-566-6100. Find us on Twitter, LinkedIn, Facebook,
Instagram and Pinterest.
"QAD" is a registered trademark of QAD Inc. All other products
or company names herein may be trademarks of their respective owners.
CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION FOR
THE PURPOSE OF "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
All statements and assumptions in this communication that do not directly
and exclusively relate to historical facts could be deemed "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended. Forward-looking statements are often identified by the use of words such as "anticipates", "believes,"
"estimates", "expects", "may", "could", "should", "forecast,"
"goal", "intends", "objective", "plans", "projects", "strategy,"
"target" and "will" and similar words and terms or variations of such. These statements represent current intentions,
expectations, beliefs or projections, and no assurance can be given that the results described in such statements will be achieved. Such
statements are subject to numerous assumptions, risks, uncertainties and other factors that could cause actual results to differ materially
from those described in such statements, many of which are outside of the Company's control. Important factors that could cause
actual results to differ materially from those described in forward-looking statements include, but are not limited to, (i) risks related
to diverting management's attention from the Company's ongoing business operations; (ii) various risks related to health epidemics,
pandemics and similar outbreaks, such as the COVID-19 pandemic, which may have material adverse effects on the Company's business,
financial position, results of operations and/or cash flows; (iii) adverse economic, market or geo-political conditions that may disrupt
the Company's business and cloud service offerings, including defects and disruptions in the Company's services, ability to
properly manage cloud service offerings, reliance on third-party hosting and other service providers, and exposure to liability and loss
from security breaches; (iv) uncertainties as to demand for the Company's products, including cloud service, licenses, services
and maintenance; (v) the possibility of pressure to make concessions on pricing and changes in the Company's pricing models; (vi)
risks related to the protection of the Company's intellectual property; (vii) changes in the Company's dependence on third-party
suppliers and other third-party relationships, including sales, services and marketing channels; (viii) changes in the Company's
revenue, earnings, operating expenses and margins; (ix) the reliability of the Company's financial forecasts and estimates of the
costs and benefits of transactions; (x) the Company's ability to leverage changes in technology; (xi) risks related to defects in
the Company's software products and services; (xii) changes in third-party opinions about the Company; (xiii) changes in competition
in the Company's industry; (xiv) delays in sales; (xv) timely and effective integration of newly acquired businesses; (xvi) changes
in economic conditions in the Company's vertical markets and worldwide; (xvii) fluctuations in exchange rates; and (xviii) other
factors as set forth from time to time in the Company's filings with the SEC, including its Annual Report on Form 10-K for the fiscal
year ended January 31, 2021, as may be updated or supplemented by any subsequent Quarterly Reports on Form 10-Q or other filings with
the SEC. Readers are cautioned not to place undue reliance on such statements which speak only as of the date they are made. The Company
does not undertake any obligation to update or release any revisions to any forward-looking statement or to report any events or circumstances
after the date of this communication or to reflect the occurrence of unanticipated events except as required by law.
QAD Inc. Contacts:
Evan Quinn
Analyst Relations
617-869-7335
industryanalyst@qad.com
or
Jed Repko / Andrew Siegel / Katie Villany
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449
Thoma Bravo Contacts:
Megan Frank
212-731-4778
mfrank@thomabravo.com
or
Andrew Johnson
Finsbury Glover Hering
914-497-5138
andrew.johnson@fgh.com

label: fund

text: Thoma Bravo

override: fund

text: QAD

override: organization

text: Thoma Bravo

text: QAD Inc.

text: Thoma Bravo

text: QAD

text: QAD

text: QAD

text: QAD

text: QAD

text: QAD

text: QAD

text: Thoma Bravo

text: QAD

text: Thoma Bravo

text: QAD

text: Thoma Bravo

text: QAD

text: Thoma Bravo

text: Morgan Stanley & Co. LLC

text: QAD

text:
Manatt,
Phelps & Phillips, LLP

text: QAD

text: Moelis & Company LLC

text: Paul Hastings LLP

text: Barclays

text: Kirkland & Ellis LLP

text: Thoma Bravo

text: Thoma Bravo

text: Thoma Bravo

text: Thoma Bravo

text: QAD

text: QAD Inc.

text: QAD

text: QAD

text: QAD

text: QAD

text: QAD

text: QAD Inc.

text: QAD Inc.

text: Evan Quinn

text: Thoma Bravo


text:
EX-99.1
5
f8k070615ex99i_yappncorp.htm
PRESS RELEASE
Exhibit 99.1
FOR IMMEDIATE RELEASE
Yappn executes
purchase agreement for patents and
ecommerce language services assets
Yappn buys assets
of Ortsbo Inc.
NEW
YORK, NY - July 16, 2015 - Yappn Corp. ("Yappn" or "Company") (OCTQB: YPPN)
a
leader in real-time language technology
and translation is pleased to announce that it has, with the approval of the Board of Directors of each company, entered into
a definitive agreement to acquire all of the intellectual property assets of Ortsbo Inc. ("
Ortsbo
"), a subsidiary
of Intertainment Media Inc. (TSXV: INT / OTC: ITMTF / FRA: I4T) ("
Intertainment
") as previously announced on
May 26, 2015.
The purchased assets
include US Patent No. 8,983,850 B2, US Patent No. 8,917,631 B2, US Patent No. 9,053,097 B2, and other intellectual property including
Ecommerce and Customer Care know-how for a total purchase price of US $17 Million, which will be paid by the assumption of US
$1 Million in debt and the issuance of US $16 Million worth of Yappn restricted common shares (320 Million shares at US $0.05
per share). The transaction is subject to closing conditions including each party obtaining all necessary approvals, including
stock exchange approval and shareholder approval, if required.
In anticipation
of these transactions, on June 11, 2015, Yappn announced that its Windrose Global Ecommerce Platform ("
Windrose
"
or "
WGE
") is now available at Shopify's® app store. Yappn's WGE application for Shopify®
is a Microsoft Azure® cloud recurring fee based software-as-a-service (SaaS) deliverable that is a combination of a native
Shopify® application (app) and a cloud-based real-time service and portal enabling E-tailers to expand their reach into up
to 67 different languages simply and easily through an automated app install without any development or computer programming experience
required on the user's part. The Windrose app allows online stores to be viewed in multiple languages without the creation
of additional Shopify® storefronts, making marketing, sales and support seamless and easy to both the customer and vendor.
Yappn
also announces that it has completed a secured debt financing of US $4.5 Million of secured debentures and expects to close a
further US $1 Million
prior to the completion of the purchase of the Ortsbo assets
. This financing is
supported by Yappn's secured line of credit holders and, as previously
announced, Yappn executed a non-binding letter of intent with Winterberry Investments Inc. ("Winterberry"),
a private company led by Mr. David Berry, pursuant to which Winterberry will facilitate and manage the financing transaction as
well as to advise on Yappn's future capital programs. This
additional capital will be primarily used by Yappn to roll out its global Ecommerce expansion programs, and enable online Ecommerce
technology companies, online vendors and development partners to enable real-time language programs to service a growing global
audience.
"Execution
of this agreement provides Yappn with ownership of key assets to move its business forward and continue to accelerate revenue
programs and opportunities", said
David Lucatch, Founder and CEO of Yappn Corp.
"Throughout our development
our key stakeholders, including our line of credit holders, have been very supportive and we believe that the agreement to engage
with David Berry to lead our capital markets programs enhances opportunities and potential future value of Yappn".
FOR IMMEDIATE RELEASE
The Company continues
to expand its efforts with Ecommerce and communications as it has been testing a number of solutions to enable single language
online storefronts to effectively market, sell and support E-tailing efforts, including the shopping cart, in multiple languages
and is expecting a near term delivery of its framework for commercial revenue programs.
For more information, please
visit
www.yappn.com
To learn more about Why
Language Matters to a growing global economy, visit our blog at
www.whylanguagematters.com
About
Yappn
Yappn is a real-time multilingual
company that amplifies brand and social messaging, expands online commerce and provides customer support by globalizing these
experiences with its proprietary approach to language. Through its real-time multilingual amplification platform, Yappn eliminates
the language barrier, allowing the free flow of communications in 67 languages.
Yappn focuses on delivering
global reach and efficiencies without the need of human intervention, making the language experience immediate through all phases
of Ecommerce, online events and content programming.
Yappn Corp. is publicly traded
in the U.S. on the OTCQB - symbol "YPPN" Intertainment Media Inc. (TSXV: INT / OTC: ITMTF / FRA: I4T), a leading
technology incubator, has a controlling interest in Yappn Corp.
For more information,
please visit
http://www.yappn.com
or contact:
David Lucatch, Founder and
CEO
info@yappn.com
or
Jeanny So,
VP, Corporate Communications
jeanny@yappn.com
T: 1.800.395.9943
x 228
To
be added to the news release distribution list, please email:
jeanny@yappn.com
with the word
"News" on the
subject line.
2
FOR IMMEDIATE RELEASE
Forward
Looking Information
Legal Notice and Safe Harbor Statement
This
press release contains "forward-looking statements" within
the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, and
those preceded by or that include the words "believes", "expects,"
"given", "targets", "intends,"
"anticipates", "plans", "projects,"
"forecasts" or similar expressions, are "forward-looking
statements." Although Yappn Corp.'s management believes
that such forward-looking statements are reasonable; it cannot guarantee that such expectations are, or will be, correct. These
forward-looking statements involve a number of risks and uncertainties, which could cause the Company's future results to differ
materially from those anticipated. Additional information regarding the factors that may cause actual results to differ materially
from these forward-looking statements is available in the Company's filings with the SEC including the Current Report on Form
8-K filed on April 3, 2013 and each subsequently filed Quarterly Report on Form 10-Q and Current Report on Form 8-K. The Company
assumes no obligation to update any of the information contained or referenced in this press release.
3

text: Yappn

text: Yappn

text: Ortsbo Inc.

text: Yappn Corp.

text: Yappn

text: Ortsbo Inc.

text: Intertainment Media Inc.

text: Yappn

text: Yappn

text: Yappn

text: Yappn

text: Yappn

text: Yappn

text: David Berry

text: Yappn

text: Yappn

text: Yappn

text: David Lucatch

text: Yappn Corp.

text: David Berry

text: Yappn

text: Yappn

text: Yappn

text: Yappn

text: Yappn

text: Yappn Corp.

text: Intertainment Media Inc.

text: Yappn Corp.

text: David Lucatch

text: Jeanny So

text: Yappn Corp.


text:
EX-99.1
8
d105208dex991.htm
EX-99.1
EX-99.1
Exhibit 99.1
Resource REIT, Inc. Completes Merger of Three REITs
Transactions create a $3 Billion self-managed apartment REIT
Philadelphia, PA (January 29, 2021)
- Resource REIT, Inc. ("Resource"), formerly known as Resource Real Estate Opportunity REIT II,
Inc., announced today that it has completed its mergers with Resource Real Estate Opportunity REIT, Inc. ("Resource REIT I") and with Resource Apartment REIT III, Inc. ("Resource REIT III").
"We are extremely excited about the completion of the mergers and the strategic positioning of the combined company for the future", said Alan
Feldman, chairman and CEO of Resource. "This has been a long, difficult and unrelenting past year for the country and for those around the world. At Resource, our team has been laser focused on operating our assets expertly throughout the
pandemic and simultaneously working towards the successful completion of the mergers. The combined $3 billion company with 51 apartment communities, located in some of the strongest suburban markets in the country, is well-positioned to take
advantage of multifamily investment opportunities in the coming years".
About Resource REIT, Inc.
Resource REIT is a self-managed real estate investment trust that owns a diverse portfolio of suburban apartment communities in targeted markets across the
United States. Focused on long-term returns to generate income, the REIT owns approximately $3 billion of multifamily properties across 15 states as of December 31, 2020.
Forward-looking Statements
This press release contains
statements that constitute "forward-looking statements", as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements
are intended to be covered by the safe harbor provided by the same. These statements are based on management's current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ
materially from those described in the forward-looking statements; no assurance can be given that these expectations will be attained. Factors that could cause actual results to differ materially from these expectations include, but are not limited
to, the potential adverse impact of the ongoing pandemic related to
COVID-19
and the related measures put in place to help control the spread of the virus on the operations of the REIT and its tenants, which
impact remains highly uncertain; availability of suitable investment opportunities; changes in interest rates; the availability and terms of financing; general economic conditions; market conditions; legislative and regulatory changes that could
adversely affect the business; and other factors, including those set forth in the Risk Factors section of the REIT's most recent Annual Report on Form
10-K
for the year ended December 31, 2019, as
updated by the subsequent Quarterly Reports on Form
10-Q
for the periods ended September 30, 2020 and filed with the SEC, and other reports filed by the REIT with the SEC, copies of which are available on
the SEC's website,
www.sec.gov.
Resource undertakes no obligation to update these statements for revisions or changes after the date of this communication, except as required by law.
Contacts
Marianne McGuire
Chief Marketing Officer
T:
267-256-5964
E:
mmcguire@resourcereit.com

text: Resource REIT, Inc.

text: Resource REIT, Inc.

text: Resource Apartment REIT III, Inc.

text:
Alan
Feldman

text: Resource REIT, Inc.


text:
EX-99
2
ex99milestone1212.htm
EXHIBIT 99: PRESS RELEASE
ex99milestone1212
Exhibit 99
Contact: Roger R. Hopkins, Chief Accounting Officer
Phone: (615) 890-9100
NHI Announces $9 Million Purchase/Leaseback of Three Assisted Living Facilities in Oregon and Idaho
MURFREESBORO, Tenn. - (December 24, 2012) National Health Investors, Inc. (NYSE:NHI) announced today a $9 million purchase and leaseback transaction with Milestone Retirement Communities, LLC ("Milestone"). The 101-unit acquisition includes two assisted living facilities in Ontario, Oregon and one in Weiser, Idaho. Milestone will lease and continue to operate the facilities for an initial term of 10 years with renewal options at a lease rate of 7.75% plus annual fixed escalators. The purchase was funded from borrowings on NHI's revolving credit facility.
"This acquisition continues the growth of our assisted living portfolio with an experienced operator", said Justin Hutchens, NHI's President and CEO.
About Milestone
Headquartered in Vancouver, Washington, Milestone operates 16 assisted living facilities totaling 1,324 units in Washington, Oregon, Idaho, Arizona, California, Nevada, Colorado, Oklahoma and Virginia.
About National Health Investors
National Health Investors, Inc. (NYSE: NHI) is a healthcare real estate investment trust specializing in financing healthcare real estate by purchase and leaseback transactions, RIDEA transactions and by mortgage loans. NHI's investments include independent living, assisted living, senior living campuses, skilled nursing facilities, medical office buildings, and hospitals. Find additional information about NHI at www.nhireit.com.
Statements in this press release that are not historical facts are forward-looking statements. NHI cautions investors that any forward-looking statements may involve risks and uncertainties and are not guarantees of future performance. All forward-looking statements represent NHI's judgment as of the date of this release. Investors are urged to carefully review and consider the various disclosures made by NHI in its periodic reports filed with the Securities and Exchange Commission, including the risk factors and other information disclosed in NHI's Annual Report on Form 10-K for the most recently ended fiscal year. Copies of these filings are available at no cost on the SEC's web site at http://www.sec.gov or on NHI's web site at http://www.nhireit.com.

text: National Health Investors, Inc.

text: Milestone Retirement Communities, LLC

text: National Health Investors, Inc.


text:
EX-99.1
8
v218243_ex99-1.htm
Unassociated Document
4201 Connecticut Avenue, N.W.
Suite 407
Washington, D.C. 20008
(202) 609-7756
www.arielway.com
Investor Relations
Contact Information
Phone: (202) 609-7756
E-mail: info@arielway.com
Ariel Way, Inc. Acquires GovBuys
Washington, DC, April 12, 2011
-- Ariel Way, Inc., (PK: AWYI)
www.arielway.com
a technology and services company for highly secure global communications, multimedia including digital signage solutions and associated technologies, today announced that it has completed the acquisition of Government-Buys, Inc. ("GovBuys"). The transaction agreements will contemporaneously be filed as current reports on Form 8-K with SEC.
Arne Dunhem, Ariel Way Chairman, President, and CEO said, "I am very pleased with the closing of the GovBuys acquisition. Gary Block, the founder of GovBuys, and his team have built an impressive operation which specializes in providing telecommunications and IT products and services to government agencies, industry partners and contractors. The market size of the Federal Government business alone is over $16 Billion per year. GovBuys has also established strong opportunities in the health care industry. Gary will continue as a key member of our government team." Arne Dunhem also said, "GovBuys is very strategic to us, and we believe we can grow rapidly through the opportunities that GovBuys presents with new customers and contracts. GovBuys revenues the last few years have been between $5.5 million and $9.9 million. We believe the acquisition will not create any significant dilution to our existing shareholders".
Government-Buys, Inc.
,
(
www.govbuys.com
)
based in Bethesda, Maryland, specializes in facilitating transactions between government agencies, industry partners and contractors, employing a wide array of contract vehicles and strategies to ensure a timely and efficient procurement. Contractor partners include a number of small businesses, small disadvantaged, 8(a), Service-disabled, Native American and Alaskan Native owned firms. Contract vehicles include GSA 8(a) STARS, GSA Schedule (Group 70), DAR BPA, and a variety of organization-specific Blanket Purchase Agreements.
About Ariel Way, Inc.
Ariel Way, Inc., a Florida corporation ("Ariel Way" or the "Company"), is a technology and services company for highly secure global communications, multimedia and digital signage solutions and technologies. The Company is focused on developing innovative and secure technologies, acquiring and growing profitable advanced technology companies and global communications service providers and creating strategic alliances with companies in complementary product lines and service industries.
More information about Ariel Way can be found on the web at
http://www.arielway.com
.
Forward-Looking Statements: Certain of the statements contained herein may be, within the meaning of the federal securities laws, "forward-looking statements", which are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. See the Company's latest Form 10-KSB for a discussion of such risks, uncertainties and other factors. Any forward-looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995 and, as such, speak only as of the date made. These forward-looking statements are based on management's expectations as of the date hereof, and the Company does not undertake any responsibility to update any of these statements in the future.

text: Ariel Way, Inc.

text: GovBuys

text: Ariel Way, Inc.

text: Government-Buys, Inc.

text: GovBuys

text: GovBuys

text: GovBuys

text: GovBuys

text: GovBuys

text: GovBuys

text: GovBuys

text: Government-Buys, Inc.

text: Ariel Way, Inc.

text: Ariel Way, Inc.


text:
EX-99.2
6
f8k061416_ex99z2.htm
EXHIBIT 99.2 PRO FORMA FINANCIAL STATEMENTS
Exhibit 99.2 Pro Forma Financial Statements
NEXUS BIOPHARMA INC.
Unaudited Pro Forma Combined Balance Sheets
As of February 29, 2016
Pro Forma
Pro Forma
Adjusted
NEXUS
NBP
Adjustments
Notes
Combined\Totals
ASSETS
Cash
$
-
$
9,925
$
-
$
9,925
Total Current Assets
-
9,925
-
9,925
TOTAL ASSETS
$
-
$
9,925
$
-
$
9,925
LIABILITIES AND STOCKHOLDERS' DEFICIT
Accounts payable and accrued expenses
$
25,947
$
735,606
$
$
761,553
Advances from related parties
59,470
-
-
59,470
Total Current Liabilities
85,417
735,606
821,023
Convertible notes payable - net of unamortized debt discount of $18,888
-
41,111
-
41,111
Total Long Term Liabilities
-
41,111
-
41,111
-
TOTAL LIABILITIES
85,417
776,717
-
862,134
Common stock, $0.001 par value
750,000,000 shares authorized,
63,800,000 shares issued and outstanding
63,800
65
435
(A)
64,300
Additional paid-in-capital
41,900
1,841,490
(191,552)
(A)
1,691,838
Accumulated deficit
(191,117)
(2,608,347)
191,117
(A)
(2,608,347)
Total Stockholders' Deficit
(85,417)
(766,792)
-
(852,209)
TOTAL LIABILITIES AND
STOCKHOLDERS' DEFICIT
$
-
$
9,925
$
-
$
9,925
NEXUS BIOPHARMA, INC.
Unaudited Pro Forma Combined Statements of Operations
For the year ended February 29, 2016
Pro Forma
Pro Forma
Adjusted
NEXUS
NBP
Adjustments
Notes
Combined\Totals
REVENUE
$
-
$
-
$
-
$
-
OPERATING EXPENSES
General and administrative
41,846
917,958
-
959,804
Research and development
-
233,835
-
233,835
Total Operating Expenses
41,846
1,151,793
-
1,193,639
OTHER INCOME (EXPENSE)
Interest income (expense), net
-
(1,111)
-
(1,111)
NET LOSS
$
(41,846)
$
(1,152,904)
$
-
$
(1,194,750)
BASIC AND DILUTED LOSS PER SHARE
$
(0.00)
$
(1.17)
-
$
(0.02)
WEIGHTED AVERAGE SHARES OUTSTANDING - BASIC AND DILUTED
63,800,000
989,280
(489,280)
(A)
64,300,000
NEXUS BIOPHARMA, INC.
Notes to Unaudited Pro Forma Financial Statements
February 29, 2016
Overview and Basis of Presentation
On May 17, 2016, Nexus Biopharma, Inc. (NBP) entered into an Agreement and Plan of Reorganization ("Merger Agreement") by and among (i) the Nexus Bio Pharma, Inc. (Nexus) a Nevada corporation, (ii) Nexus Bio Pharma Inc. (NBP), a Delaware corporation, (iii) the principal shareholders of Nexus (the "Nexus Shareholders") and (iv) the shareholders of NBP the "(NBP Shareholders"). The Merger Agreement closed on June 9, 2016. Pursuant to the terms of the Merger Agreement: (1) the Shareholders of NBP transferred to the Company all of the shares of NBP held by such shareholders in exchange for the issuance of 36,000,000 shares (the "Exchange Shares") of the Company's common stock, par value $0.001 per share (the "Common Stock") (the "Share Exchange").
The unaudited pro forma combined financial statements combine the historical financial information of NBP (the "Target") with the historical financial information of Nexus (the "Company").
The following unaudited pro forma combined financial statements are based on the historical financial statements of Target after giving effect to the reverse merger with the Company. The reverse merger is accounted for as a recapitalization in the pro forma combined financial statements. As a result, the Target is considered the acquirer for accounting and financial reporting purposes. The equity structure of the Target is restated using the exchange ratio established in the acquisition agreement to reflect the number of shares the Company issued in the reverse acquisition. The unaudited pro forma combined financial statements are presented assuming the reverse merger had occurred on February 29, 2016 (as to the balance sheet) and on March 1, 2015 (as to the income statement). The historical financial information has been adjusted to give effect to pro forma events that are both directly attributable to the reverse merger agreement and are factually supportable. You should read this information in conjunction with the:
·
Accompanying notes to the unaudited pro forma combined financial statements contained herein.
·
Separate historical audited financial statements of Nexus as of December 31, 2015 and 2014 and for the years then ended included in the Company's 10K filed with the Securities and Exchange Commission on March 28, 2016.
·
Separate historical audited financial statements of the NBP as of February 29, 2016 and February 28, 2015and for the years then ended, included elsewhere in this Form 8-K.
·
Management's discussion and analysis of financial condition and results of operations and "Risk Factors" included elsewhere in this Form 8-K.
The unaudited pro forma combined financial statements are presented for informational purposes only. The pro forma information is not necessarily indicative of what the financial position or results of operations actually would have been had the transaction been completed at the dates indicated. In addition, the unaudited pro forma combined financial information does not purport to project the future financial position or operating results of the combined company after completion of the merger.
The pro forma financial statements have been prepared assuming that the reverse merger is accounted for as a capital transaction. This accounting treatment is preliminary and subject to change once the Company completes its evaluation of the accounting for the transaction. As a result, the actual accounting for this transaction may differ significantly from this pro forma presentation.
NEXUS BIOPHARMA, INC.
Notes to Unaudited Pro Forma Financial Statements
February 29, 2016
Pro Forma Adjustments - Note A
On May 17, 2016, the Company entered into an Agreement and Plan of Reorganization ("Merger Agreement") by and among Nexus Bio Pharma, Inc. a Nevada corporation (Nexus), Nexus BioPharma Inc. a Delaware corporation ("NBP") and Nexus Acquisition Corp. ("Acquisition Corp."), a Delaware corporation and wholly owned subsidiary of Nexus. The Merger Agreement closed on June 9, 2016 and resulted in the following:
·
Acquisition Corp. merged with NBP with the latter as the surviving company in the merger. NBP shall continue its corporate existence under the name "Nexus Biopharma Corporation".
·
Each share of common stock of NBP prior to the merger converted into 4.8552632 shares of common stock, par value $0.001 per share, of Nexus. Nexus then cancelled 35,500,000 shares of its common stock that were outstanding prior to the merger.
·
NBP assumed all of the existing liabilities of Nexus.
The transaction is accounted for as a reverse acquisition and NBP is considered the accounting acquirer for financial reporting purposes.

text: NEXUS BIOPHARMA INC.

text: NEXUS BIOPHARMA, INC.

text: NEXUS BIOPHARMA, INC.

text: Nexus Biopharma, Inc.

text: Nexus Bio Pharma, Inc.

text: NEXUS BIOPHARMA, INC.

text: Nexus Bio Pharma, Inc.

text: Nexus BioPharma Inc.

text: Nexus Acquisition Corp.


text:
EX-99.2
9
a16-11085_1ex99d2.htm
EX-99.2
Exhibit 99.2
INTERVAL LEISURE GROUP ANNOUNCES APPOINTMENT OF FOUR
BOARD MEMBERS FOLLOWING CLOSING OF VISTANA ACQUISTION
MIAMI, FL, May 12, 2016
- Interval Leisure Group, Inc. (Nasdaq: IILG) ("ILG") today announced the appointment of Lizanne Galbreath, Stephen R. Quazzo, Sergio D. Rivera, and Thomas O. Ryder to its board of directors in connection with the closing of ILG's acquisition of Vistana Signature Experiences, Inc. ("Vistana") from Starwood Hotels & Resorts Worldwide, Inc. ("Starwood") on May 11, 2016. These Starwood-designated directors expand the total size of the board to 13 directors, 11 of whom are independent.
"We are delighted to celebrate the closing of the Vistana acquisition with the addition of four highly qualified board members", said Craig M. Nash, chairman, president, and CEO of ILG. "We are confident that our board's diverse expertise will continue to guide our strategy to achieve long-term growth and enhance stockholder value".
ILG also announced that two board members - Gary S. Howard, who served as a director since August 2008, and Jeanette E. Marbert, who served as a director since February 2015, will be stepping down. Ms. Marbert will remain in her role as chief operating officer of ILG.
Nash continued, "We would like to thank Gary and Jeanette for their steadfast leadership and commitment to ILG during their board service. Their guidance and expert counsel was an invaluable resource to our company and contributed to ILG's success".
Newly appointed members of the board of directors include:
Lizanne Galbreath -
Ms. Galbreath is the managing partner of Galbreath & Company, a real estate investment firm. Prior to joining Galbreath in 1999, she was managing director of LaSalle Partners/Jones Lang LaSalle, a real-estate services and investment management firm, where she also served as a director. Before her time at LaSalle, Ms. Galbreath spent 13 years in a variety of leadership positions including managing director, chairman and chief executive officer at The Galbreath Company, the predecessor entity of Galbreath & Company. She has been a director of Starwood since 2005 and currently serves on the Capital Committee, Compensation and Option Committee, and Corporate Governance and Nominating Committee. Ms. Galbreath is also currently a director of Paramount Group, Inc.
Stephen R. Quazzo -
Mr. Quazzo is the chief executive officer and co-founder of Pearlmark Real Estate, a real-estate principal investment firm (formerly known as Transwestern Investment Company, L.L.C.) since March 1996. Prior to Pearlmark, he spent five years as president of Equity Institutional Investors, Inc., a private investment firm and a subsidiary of Equity Group Investments, Inc. Mr. Quazzo joined the board of Starwood in 1999 and is currently chairman of the Capital Committee and a member of the Audit Committee. He is also currently a director of Phillips Edison Grocery REIT I, Inc.
-more-
Sergio D. Rivera -
Mr. Rivera is president of The Americas division for Starwood Hotels & Resorts Worldwide, Inc., a position held since February 2014. He was previously co-president of The Americas division for Starwood Hotels & Resorts from July 2012 to February 2014 and president and chief executive officer of Starwood Vacation Ownership (now Vistana Signature Experiences). Prior to 2008, he held progressively senior management roles within Starwood, including controller, vice president of sales and marketing, senior vice president of international operations, and president of global real estate. He began his career with Starwood through its predecessor company, Vistana Resorts, in 1989. Mr. Rivera is a currently a director of three entities, including Welltower, Inc., an investor in healthcare real estate; the American Resort Development Association, a trade association representing the vacation ownership and resort development industries; and the Florida Chamber of Commerce. He also serves as a member of the Urban Land Institute, trustee of The Nature Conservancy Florida Chapter, a member of the University of Central Florida Rosen College of Hospitality Management Advisory Board, as well as the Florida International University Chaplin School of Hospitality & Tourism Management Dean's Advisory Council.
Thomas O. Ryder -
Mr. Ryder retired as chairman of the board of The Reader's Digest Association, Inc., a global media and direct marketing company, in January 2007, a position he had held since January 2006. He was chairman of the board and chief executive officer of The Reader's Digest Association, Inc. from April 1998 through December 2005. Additionally, he was chairman of the board and chairman of the audit committee of Virgin Mobile USA, Inc., a wireless service provider, from October 2007 to November 2009. He was also president of American Express Travel Related Services International, a division of American Express Company, from October 1995 to April 1998. Mr. Ryder served as a director of World Color Press, Inc., a company acquired by Quad/Graphics, Inc. in July 2010. He has been a director of Starwood since 2001 and currently serves on the Capital Committee and the Compensation and Option Committee. Mr. Ryder is also currently a director of Amazon.com, Inc., Quad/Graphics, Inc., and RPX Corporation.
In addition, these directors will join the following committees of the ILG board: Ms. Galbreath, nominating committee; Mr. Quazzo, audit committee; and Mr. Ryder, compensation and human resources committee.
About Interval Leisure Group
Interval Leisure Group (ILG) (NASDAQ: IILG) is a leading provider of professionally delivered vacation experiences and the exclusive global licensee for the Hyatt®
, Westin
®
, and Sheraton
®
brands in vacation ownership. The company offers its owners, members, and guests access to an array of benefits and services, as well as world-class destinations through its international portfolio of resorts and clubs. ILG's operating businesses include Aqua-Aston Hospitality, Hyatt Vacation Ownership, Interval International, Trading Places International, Vacation Resorts International, VRI Europe, and Vistana Signature Experiences. Through its subsidiaries, ILG independently owns and manages the Hyatt Residence Club program and uses the Hyatt Vacation Ownership name and other Hyatt
®
marks under license from affiliates of Hyatt Hotels Corporation. In addition, ILG's Vistana Signature Experiences, Inc. owns and manages the Westin Vacation Club and the Sheraton Vacation Club and uses related trademarks under license from Starwood Hotels & Resorts Worldwide, Inc. Headquartered in Miami, Florida, ILG has offices in 16 countries and approximately 10,000 employees. For more information, visit www.iilg.com.
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FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking statements" within the meaning of U.S. federal securities laws, including the resulting impact of the transaction on ILG; statements concerning the benefits of the transaction, including the combined company's future financial and operating results, plans and expectations; and anticipated future events and expectations that are not historical facts. We caution you that these statements are not guarantees of future performance and are subject to numerous risks and uncertainties, and other risk factors that we identify in our most recent annual report on Form 10-K and other documents that ILG files with the U.S. Securities and Exchange Commission. Any of these factors could cause actual results to differ materially from the expectations we express or imply in this press release. Persons reading this press release are cautioned not to place undue reliance on these forward-looking statements, which we make only as of the date of this press release. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
# # #
Investor Contact:
Lily Arteaga, 305-925-7302
Investor Relations
Lily.Arteaga@iilg.com
Or
Media Contact:
Christine Boesch, 305-925-7267
Corporate Communications
Chris.Boesch@iilg.com
3

text: Interval Leisure Group, Inc.

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text: Vistana Signature Experiences, Inc.

text: Craig M. Nash

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text: Vistana Signature Experiences, Inc.

text: ILG

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text: ILG


text:
EX-99.1
3
ex99_1.htm
HCMC - PRESS RELEASE ISSUED ON FEBRUARY 10, 2022.
Exhibit 99.1
HCMC ANNOUNCES THE ACQUISITION OF MOTHER EARTH'S STOREHOUSE, AN ORGANIC AND NATURAL HEALTH FOOD AND VITAMIN CHAIN IN UPSTATE NEW YORK;
ACQUISITION ANTICIPATED TO APPROXIMATELY DOUBLE HCMC ANNUAL REVENUE
HOLLYWOOD, FL, February 10, 2022 -- Healthier Choices Management Corp. (OTC Pink: HCMC) Today HCMC announced the acquisition of Mother Earth's Storehouse,
an organic and natural health food and vitamin chain in New York's Hudson Valley.
Billed as the Hudson Valley's premier natural foods stores, Mother Earth's
have previously been voted best in the Hudson Valley by Hudson Valley Magazine. The two stores offer organic and all natural products and vitamins from local sources. The Kingston location also offers the Mother Earth's Café and Deli, as well as an
onsite bakery. In showing its care and commitment to the community, Mother Earth's Storehouse offers special times for curbside customer pickup, as well as special hours of shopping for seniors and those at risk. As part of the acquisition, HCMC
purchased the historic building that houses the Saugerties store.
Jeffrey Holman, CEO of HCMC made this statement regarding the acquisition, "Mother Earth's Storehouse is a major step forward in our growth initiatives,
and based upon past performance, we believe this addition should roughly double HCMC's top line revenue on an annualized basis".
Mr. Holman continued, "We are thrilled with this addition to HCMC, which expands upon our Ada's and Paradise-branded stores in Fort Myers and Melbourne,
Florida, respectively. There are certainly synergies between the chains upon which we intend to capitalize. For example, the additional purchasing power that naturally comes along with doubling the size of our orders should result in improved
margins, potentially leading to better bottom line results across the board".
Mr. Holman concluded, "We are looking forward to continuing the 40 plus year tradition of Mother Earth's Storehouse in providing the Hudson Valley
community with the best health food at competitive pricing, coupled with a knowledgeable and inviting staff, all existing hallmarks of HCMC. As always, I wish to thank our loyal and valued shareholders for their support, and I could not be happier to
see another of our growth initiatives come to fruition".
About Healthier Choices Management Corp.
Healthier Choices Management Corp. (
www.healthiercmc.com
) is a holding
company focused on providing consumers with healthier daily choices with respect to nutrition and other lifestyle alternatives.
Through its wholly owned subsidiary HCMC Intellectual Property Holdings, LLC, the Company manages and intends to expand on its intellectual property
portfolio.
Through its wholly owned subsidiaries, Healthy Choice Markets, Inc., Healthy Choice Markets 2, LLC, and Healthy Choice Markets 3, LLC, respectively, the
Company operates:
.
Ada's Natural Market, a
natural and organic grocery store offering fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, health & beauty products and natural household items
(
www.Adasmarket.com
)
.
Paradise Health &
Nutrition's three stores that likewise offer fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, health & beauty products and natural household
items, (
www.ParadiseHealthDirect.com
)
.
Mother Earth's
Storehouse, a two store organic and health food and vitamin chain in New York's Hudson Valley, which has been in existence for over 40 years. (
www.MotherEarthStorehouse.com
)
Through its wholly owned subsidiary, Healthy Choice Wellness, LLC, the Company operates:
.
Healthy Choice Wellness
Center (Roslyn Heights, NY) a corporately owned IV therapy center offering multiple IV drip "cocktails" for clients to choose from. These cocktails are designed to help boost immunity, fight fatigue and stress, reduce inflammation, enhance
weight loss, and efficiently deliver anti-oxidants and anti-aging mixes. Additionally, there are cocktails for health, beauty and re-hydration. (
www.Eirhydration.com
, though rebranded website coming soon)
.
The Company also has a licensing agreement for a Healthy Choice Wellness Center at the Casbah Spa and Salon in Fort
Lauderdale, FL, offering essentially the same services as the Roslyn Heights, NY location. (Grand Opening and Website coming soon)
Through its wholly owned subsidiary, Healthy U Wholesale, the Company sells
vitamins and supplements, as well as health, beauty and personal care products on its website
www.TheVitaminStore.com
.
Additionally, the Company markets its patented Q-Unit
™
and Q-Cup
®
technology. Information on these products and the technology is
available on the Company's website at
www.theQcup.com
.
Forward Looking Statements.
This press release contains forward looking statements within the meaning of that term in 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). Additional written or oral forward-looking statements may be made by the Company from time to time in filings with the Securities and Exchange
Commission (SEC) or otherwise. Statements contained in this press release that are not historical facts are forward looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, and are based
on management's estimates, assumptions and projections and are not guarantees of future performance. The Company assumes no obligation to update these statements. Forward looking statements may include, but are not limited to, projections or
estimates of revenue, income, or loss, exit costs, cash flow needs and capital expenditures, statements regarding future operations, expansion or restructuring plans, including our recent exit from, and winding down of our wholesale distribution
operations. In addition, when used in this release, the words "anticipates", "believes", "estimates", "expects", "intends", and "plans" and variations thereof and similar expressions are intended to identify forward looking statements.
Factors that may affect our future results of operations and financial condition include, but are not limited to, fluctuations in
demand for our products, the introduction of new products, our ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of our liquidity and financial
strength to support its growth, and other information that may be detailed from time-to-time in our filings with the SEC.
Contact Information:
Healthier Choices Management Corp.
3800 North 28th Way, #1
Hollywood, FL 33020
Office: 305-600-5004
Website:
www.HealthierCMC.com
Email:
ir@hcmc1.com

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Storehouse

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EX-99.1
10
ex99-1.htm
PRESS RELEASE OF VENUS BEAUTY SUPPLY, INC. DATED AUGUST 18, 2005.
Press Release
Exhibit 99.1
VENUS
BEAUTY SUPPLY, INC. ANNOUNCES ACQUISITION OF FERMAVIR RESEARCH, INC AND CLOSING
OF PLACEMENT
New York,
New York - August 17, 2005 - Venus Beauty Supply, Inc. (OTCBB:VBSS) today
announced it completed the acquisition of Fermavir Research, Inc., a stock
redemption and closing of a related private placement. The company also approved
a 38.25 for 1 stock split and change of name from Venus Beauty Supply, Inc. to
Fermavir Pharmaceuticals, Inc., which will become effective on August 22, 2005.
The company anticipates that the trading symbol will be changed by the OTCBB on
or about August 22, 2005 and will provide further information when
available.
FermaVir
Research, Inc is a development stage biotechnology company that has licensed
from Cardiff University in Cardiff, United Kingdom, patents on a series of
compounds for the treatment of viral diseases including compounds for the
treatment of varicella zoster virus ("VZV"), the causative agent for shingles
and chickenpox and human cytomegalovirus ("CMV"), a member of the herpes virus
group which includes the viruses that cause chicken pox, mononucleosis, herpes
labialis (cold sores) and genitalis (genital herpes). FermaVir is currently
performing preclinical studies on its compounds in order to select a clinical
candidate for development for the treatment of shingles. In addition, FermaVir
intends to identify from its proprietary anti-viral compounds, a clinical
candidate for the treatment of CMV infections in transplant patients. FermaVir
is also currently seeking other opportunities and technologies for in-licensing
from academic, research institutions and commercial sources which would
complement and enhance its business.
Information
concerning the terms of the acquisition can be found in the company's Form
10-KSB Report filed with the Securities and Exchange Commission on August 15,
2005 and additional information regarding the company, its FermaVir Research
subsidiary, changes in management and material risks relating to the company
will be contained in a Form 8-K which the company anticipates filing with the
Securities and Exchange Commission on August 22, 2005.
Contact:
Fermavir Research, Inc.
Geoffrey
W. Henson, CEO
(212)
375-2630

text: VENUS BEAUTY SUPPLY, INC.

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text: Venus Beauty Supply, Inc.

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text: Venus Beauty Supply, Inc.

text:
FermaVir
Research, Inc

text: Fermavir Research, Inc.

text:
Geoffrey
W. Henson


text:
EX-99.1
3
d808250dex991.htm
EX-99.1
EX-99.1
Exhibit 99.1
Broadcom Completes Acquisition of
Symantec Enterprise Security Business
SAN JOSE, Calif., November
4, 2019 -
Broadcom Inc. (NASDAQ: AVGO), a global
technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today announced that it has completed its acquisition of the Enterprise Security business of Symantec Corporation (NASDAQ: SYMC).
Symantec's Enterprise Security business will now operate as the Symantec Enterprise division of Broadcom and will be led by Art Gilliland as SVP and
General Manager. Mr. Gilliland most recently served as General Manager of Symantec's Enterprise Security business where he oversaw the Enterprise Security product and engineering teams, Enterprise Security Worldwide Sales and the
Enterprise Security customer support organization. He brings more than 20 years of experience in the security software industry.
"Today represents
an important milestone as Symantec's Enterprise Security business joins our other semiconductor and software franchises that together form the Broadcom platform", said Hock Tan, President and Chief Executive Officer of Broadcom.
"Symantec's Enterprise Security business expands our footprint of mission critical infrastructure software for the Global 2000. We are pleased to welcome the talented team of employees at Symantec Enterprise Security to the Broadcom
family."
"We are excited to join Broadcom as it continues to build one of the world's leading infrastructure technology companies,"
said Mr. Gilliland. "Broadcom has a proven track record of successfully integrating companies, enabling enhanced growth and a faster pace of innovation, and we look forward to welcoming Symantec Enterprise customers, employees and
suppliers to the Broadcom community".
About Broadcom
Broadcom Inc., (NASDAQ: AVGO), a Delaware corporation headquartered in San Jose, CA, is a global technology leader that designs, develops and supplies a broad
range of semiconductor and infrastructure software solutions. Broadcom's category-leading product portfolio serves critical markets including data center, networking, enterprise software, broadband, wireless, storage and industrial. Our
solutions include data center networking and storage, enterprise, mainframe and cyber security software focused on automation, monitoring and security, smartphone components, telecoms and factory automation. For more information, go to
www.broadcom.com.
Cautionary Note Regarding Forward-Looking Statements
This release contains forward-looking statements (including within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as
amended, and Section 27A of the United States Securities Act of 1933, as amended) concerning Broadcom. These statements include, but are not limited to, statements that address our expected future business and financial performance and other
statements identified by words such as "will", "expect", "believe", "anticipate", "estimate", "should", "intend", "plan", "potential", "predict"
"project", "aim", and similar words, phrases or expressions. These forward-looking statements are based on current expectations and beliefs of the management of Broadcom, as well as assumptions made by, and information currently
available to, such management, current market trends and market conditions and involve risks and uncertainties, many of which are outside the Company's and management's control, and which may cause actual results to differ materially from
those contained in forward-looking statements. Accordingly, you should not place undue reliance on such statements.
Particular uncertainties that could materially affect future results include risks associated with: our
Symantec Corporation ("Symantec") transaction, including (1) potential difficulties in employee retention, (2) unexpected costs, charges or expenses, and (3) our ability to successfully integrate the Symantec enterprise business
and achieve the anticipated benefits of the transaction; any loss of our significant customers and fluctuations in the timing and volume of significant customer demand; our dependence on contract manufacturing and outsourced supply chain; global
economic conditions and concerns; any acquisitions we may make, such as delays, challenges and expenses associated with receiving governmental and regulatory approvals and satisfying other closing conditions, and with integrating acquired companies
with our existing businesses and our ability to achieve the benefits, growth prospects and synergies expected by such acquisitions, including our recently completed transaction with Symantec; government regulations and trade restrictions; our
ability to accurately estimate customers' demand and adjust our manufacturing and supply chain accordingly; our significant indebtedness, including the additional significant indebtedness that we have incurred in connection with the Symantec
transaction and the need to generate sufficient cash flows to service and repay such debt; dependence on and risks associated with distributors of our products; dependence on senior management and our ability to attract and retain qualified
personnel; international political and economic conditions; involvement in legal and administrative proceedings; our dependency on a limited number of suppliers; quarterly and annual fluctuations in operating results; cyclicality in the
semiconductor industry or in our target markets; our competitive performance and ability to continue achieving design wins with our customers, as well as the timing of any design wins; prolonged disruptions of our or our contract manufacturers'
manufacturing facilities or other significant operations; our ability to improve our manufacturing efficiency and quality; our dependence on outsourced service providers for certain key business services and their ability to execute to our
requirements; our ability to maintain or improve gross margin; our ability to protect our intellectual property and the unpredictability of any associated litigation expenses; compatibility of our software products with operating environments,
platforms or third-party products; our ability to enter into satisfactory software license agreements; sales to our government clients; availability of third party software used in our products; use of open source code sources in our products; any
expenses or reputational damage associated with resolving customer product warranty and indemnification claims; our ability to sell to new types of customers and to keep pace with technological advances; market acceptance of the end products into
which our products are designed; our ability to protect against a breach of security systems; changes in accounting standards; fluctuations in foreign exchange rates; the amount and frequency of our stock repurchases; our provisions for income taxes
and overall cash tax costs, legislation that may impact our overall cash tax costs and our ability to maintain tax concessions in certain jurisdictions; and other events and trends on a national, regional and global scale, including those of a
political, economic, business, competitive and regulatory nature.
Our filings with the SEC, which you may obtain for free at the SEC's website
at https://www.sec.gov, discuss some of the important risk factors that may affect our business, results of operations and financial condition. Actual results may vary from the estimates provided. We undertake no intent or obligation to
publicly update or revise any of the estimates and other forward-looking statements made in this release, whether as a result of new information, future events or otherwise, except as required by law.
Contacts
Beatrice F. Russotto
Investor Relations
408-433-8000
investor.relations@broadcom.com
Joele Frank / Steve Frankel / Andi Rose
Joele Frank, Wilkinson
Brimmer Katcher
212-355-4449

text: Broadcom

text: Symantec

text: Enterprise Security Business

text: Broadcom Inc.

text: Enterprise Security business

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text: Symantec

text: Enterprise Security business

text: Symantec

text: Broadcom

text: Symantec

text: Enterprise Security business

text: Symantec

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text: Broadcom

text: Hock Tan

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