text:
EX-99.1
3
v027022_ex99-1.txt
Exhibit 99.1
For Immediate Release
VoIP, Inc. Completes WQN, Inc. Asset and Business Acquisition
Ft. Lauderdale, Fla., October 11, 2005 - VoIP, Inc. (VOII.OB), a global provider
of advanced Voice over Internet communications services (VOIP), today announced
that it has completed the acquisition of the VoIP business and assets of WQN,
Inc. (NASDAQ: WQNI). The initial Asset Purchase Agreement was signed on Aug. 9,
2005. A WQN, Inc stockholders meting was held October, 4th 2005 at which the
stockholders voted to approve the sale. The acquired assets and business will
operate as a wholly owned subsidiary of VoIP, Inc.
WQN revenues in the first six months of 2005 were $15.6 million, a significant
increase over the $4.8 million for the first six months of 2004. Wholesale
telephony revenue for the first six months of 2005 increased to $10.2 million
from the $72,000 earned for the same period of 2004. Retail telephony revenue
was $5.3 million for the first six months of 2005, up from $0.4 million in the
first six months of 2004. Revenues of the acquired business during 2004 were
$15.2 million.
As part of the acquisition, VoIP, Inc. will issue a $3,700,000 Convertible Note,
1,250,000 shares of Common Stock and warrants to purchase 5,000,000 shares of
Common Stock for nominal value. The Convertible Note will convert automatically
into Convertible Preferred Stock after a charter amendment is approved by VoIP,
Inc. Details of the acquisition will be contained in an 8-K filed expected to be
filed today by VoIP, Inc.
VoIP, Inc.'s CEO Steven Ivester commented, "We're happy to complete this
important acquisition, which substantially enhances our international VoIP
business, and provides us with an additional 60,000 retail customers using
various VoIP services that will be integrated onto our VoiceOne network. The
average margin today on the $30 million in revenue from WQN is 3%, mainly
because of outsourced network cost and the lack of network ownership. We will
move the traffic to our Voice One(R) proprietary technology Network, and the
move to our network should increase margins to as much as 17%.
Ivester continued; "We have made four acquisitions in the past eighteen months,
and these acquisitions have given the company a consolidated sales level of
approximately $50 million. The infrastructure is now in place to substantially
increase our revenues. In addition, we have acquired a top rate management team,
including many innovators of the VoIP Technology".
"The WQN Dallas and Los Angeles locations and their workforces fit nicely into
our expansion plans and company culture. The Customer Service personnel that we
have acquired enable us to provide additional services to our Service Provider
customers. We look forward to building on this great foundation." stated Bill
Burbank's, VoIP, Inc.'s chief operating officer.
"We are excited about being part of the VoIP, Inc. family of companies", said
Andrea Munoz, Vice President of Customer Operations for WQN, Inc. WQN adds some
great VoIP enhanced service applications to VoIP, Inc. as well as a premier
customer support infrastructure. We expect that as soon as we are fully
integrated with the VoiceOne Network, we will be able to reduce our costs and
our customers will experience superior quality of service. Our team is looking
forward to working with VoIP, Inc.'s group of forward thinking and aggressive
talent."
WQN's enhanced services applications will be also sold under the company's
VoiceOne Virtual Service Provider (VSP) offering. This service is a
private-labeled VoIP solution that enables Service Providers to quickly deliver
VOIP services to their retail subscribers and business customers without the
cost of development or ownership. The VoiceOne enhanced services platform
provides VSP customers with a hosted and managed ASP type solution. The
Company's enhanced services platform provides services that support retail
subscriber based VoIP solutions, a prepaid pin less ANI recognition solution,
and IP Centrex to businesses. In addition, through this offering the Company can
provide "company branded" customer care services and hardware (CPE) product
fulfillment to the VSP's customer base.
Premier Product
---------------
The ANI Recognition calling platform known as EasyTalk is a generation beyond
calling cards with rich ease of use features for consumers. Service Providers
can private label this platform, customizing its web pages. Consumer features
include PIN-less dialing, fast *1 recharge, speed dial, and quick query of
current balance. In addition, Service Providers can specify many billing options
and can opt for fraud screening services, customer support, use of the Company's
payment processor and more.
About VoIP, Inc
VoIP, Inc. is an emerging global provider of advanced communications services
utilizing Voice over Internet Protocol (VOIP) as its core technology component.
Through its subsidiaries, the Company provides a comprehensive portfolio of
advanced telecommunications technologies, enhanced services, broadband products,
and fulfillment services to the VoIP industry. Customers include Inter Exchange
Carriers (IXCs), Competitive Local Exchange Carriers (CLECs), Internet Service
Providers (ISPs), Cable Operators and VoIP Service Providers in the United
States and various countries around the world. Leveraging its nationwide
Multi-Protocol Label Switching (MPLS) VoiceOne network, and the continued
deployment of advanced communications services, the Company is enabling its
customers worldwide to gain entry into this emerging space with products
including voice termination/origination, e911, CALEA, Broadband Voice, IP
Centrex, and more. For more information on the Company, please visit the
Company's web site: http://www.voipinc.com.
Safe Harbor
Statements about the Company's future expectations and all other statements in
this press release other than historical facts, are "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933, Section 21E of
the Securities Exchange Act of 1934, and as that term is defined in the Private
Securities Litigation Reform Act of 1995. The Company intends that such
forward-looking statements be subject to the safe harbors created thereby.
The above information contains information relating to the Company that is based
on the beliefs of the Company and/or its management as well as assumptions made
by and information currently available to the Company or its management. When
used in this document, the words "anticipate", "estimate", "expect", "intend,"
"plans", "projects", and similar expressions, as they relate to the Company or
its management, are intended to identify forward- looking statements. Such
statements reflect the current view of the Company regarding future events and
are subject to certain risks, uncertainties and assumptions, including the risks
and uncertainties noted. Should one or more of these risks or uncertainties
materialize, or should underlying assumptions prove to be incorrect, actual
results may vary materially from those described herein as anticipated,
believed, estimated, expected, intended or projected. In each instance,
forward-looking information should be considered in light of the accompanying
meaningful cautionary statements herein. Factors that could cause results to
differ include, but are not limited to, successful performance of internal
plans, the impact of competitive services and pricing and general economic risks
and uncertainties.
---------------------------------
Contact:
S&S Public Relations
Belinda Banks, 917-670-6918
or
HighTech PR, Inc.
Tammy Snook, 407-667-9355
---------------------------------
Source: VoIP, Inc.

text: VoIP, Inc.

text: WQN, Inc.

text: VoIP, Inc.

text:
WQN,
Inc.

text: VoIP, Inc.

text: VoIP, Inc.

text:
VoIP,
Inc.

text: VoIP, Inc.

text: VoIP, Inc.

text: VoIP, Inc.

text: VoIP, Inc.

text: Andrea Munoz

text: WQN, Inc.

text: VoIP, Inc.

text: VoIP, Inc.

text: VoIP, Inc.

text: VoIP, Inc.


dataset: buster

text:
EX-99.1
6
medmen_ex9901.htm
PRESS RELEASE
Exhibit 99.1
NEWS RELEASE
For Immediate Release
OTCQX: SHWZ
SCHWAZZE CLOSES NEW MEXICO ACQUISITION
Achieves Regional Operator Status with Acquisition
of:
Reynold Greenleaf & Associates, R. Greenleaf
Organics, Medzen Services,
Elemental Kitchen & Laboratories
DENVER, CO - February 8, 2022 -
Schwazze, (OTCQX:SHWZ) ("Schwazze"
or the
"Company"),
one of the largest vertically integrated cannabis
operators in Colorado, is pleased to announced that it has closed the transaction to acquire substantially all the operating assets of
Reynold Greenleaf & Associates, LLC, and the equity of Elemental Kitchen & Laboratories, LLC. As part of the transaction
,
the Company will also have a right to purchase or acquire cannabis licenses held by Medzen Services, Inc., ("Medzen")
and R. Greenleaf Organics, Inc. ("RGO"), not-for-profit organizations that hold medical cannabis licenses in New Mexico (the
assets and licenses described herein are referenced collectively as "Greenleaf").
Total consideration for the acquisition was $42
million (subject to potential working capital adjustments) with a potential performance based earnout. The consideration consists of
$25 million in cash paid at closing and $17 million in a 3-year seller note at 5% interest.
Greenleaf is a licensed medical cannabis provider
with ten dispensaries, four cultivation facilities - three operating and one in development - and one manufacturing location.
The dispensaries are located in Albuquerque, Santa Fe, Roswell, Las Cruces, Grants and Las Vegas, New Mexico. Greenleaf's approximately
70,000 square feet of cultivation as well as 6,000 square feet of manufacturing space are located in Albuquerque. The State of New Mexico
currently allows medical cannabis and has approved adult use recreational cannabis sales which by law begin no later than April 2022.
The New Mexico market is expected to grow approximately 300% in the next 5 years.
(1)
With this acquisition, Schwazze is now a multi-state
operator ("MSO") with a total of 32 announced and acquired dispensaries, seven cultivation facilities and two manufacturing
operations located in either Colorado or New Mexico. (see Figure #1)
"
With our regional expansion into New
Mexico now complete, we have firmly graduated to the MSO category but with a differentiated regional focus which we and our stakeholders
believe will be successful as we continue to position the Company for rapid expansion as the market opens for adult use consumption.
We welcome the Greenleaf team to Schwazze, particularly Willie Ford who joins us in an advisory capacity, and are excited about our future
together,"
stated Justin Dye, CEO & Chairman.
Willie Ford, Managing Director and Founder of
Greenleaf added; "
We are very excited to work with Schwazze given the depth of the team, their strong experience in retail and
cannabis and their commitment to regional growth. This will be critical for us as New Mexico makes the move into legalization of cannabis
for recreational use in April of this year.
"
(1)
BDSA estimate
Figure #1
About Schwazze
Schwazze (OTCQX: SHWZ) is building a premier
vertically integrated regional cannabis company with assets in Colorado and New Mexico and will continue to take its operating system
to other states where it can develop a differentiated regional leadership position. Schwazze is the parent company of a portfolio
of leading cannabis businesses and brands spanning seed to sale. The Company is committed to unlocking the full potential of the cannabis
plant to improve the human condition. Schwazze is anchored by a high-performance culture that combines customer-centric thinking and
data science to test, measure, and drive decisions and outcomes. The Company's leadership team has deep expertise in retailing, wholesaling,
and building consumer brands at Fortune 500 companies as well as in the cannabis sector. Schwazze is passionate about making a difference
in our communities, promoting diversity and inclusion, and doing our part to incorporate climate-conscious best practices. Medicine Man
Technologies, Inc. was Schwazze's former operating trade name. The corporate entity continues to be named Medicine Man Technologies,
Inc.
Schwazze derives its name from the pruning technique
of a cannabis plant to enhance plant structure and promote healthy growth.
Forward-Looking Statements
This press release contains "forward-looking
statements." Such statements may be preceded by the words "plan", "will", "may,", "predicts,"
or similar words. Forward-looking statements are not guarantees of future events or performance, are based on certain assumptions, and
are subject to various known and unknown risks and uncertainties, many of which are beyond the Company's control and cannot be
predicted or quantified. Consequently, actual events and results may differ materially from those expressed or implied by such forward-looking
statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) our inability to manufacture
our products and product candidates on a commercial scale on our own or in collaboration with third parties; (ii) difficulties in obtaining
financing on commercially reasonable terms; (iii) changes in the size and nature of our competition; (iv) loss of one or more key executives
or scientists; (v) difficulties in securing regulatory approval to market our products and product candidates; (vi) our ability to successfully
execute our growth strategy in Colorado and outside the state, (vii) our ability to consummate the acquisition described in this press
release or to identify and consummate future acquisitions that meet our criteria, (viii) our ability to successfully integrate acquired
businesses and realize synergies therefrom, (ix) the ongoing COVID-19 pandemic, (x) the timing and extent of governmental stimulus programs,
(xi) the uncertainty in the application of federal, state and local laws to our business, and any changes in such laws, and (x) out ability
to satisfy the closing conditions for the private finding described in this press release. More detailed information about the Company
and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the
Securities and Exchange Commission (SEC), including the Company's Annual Report on Form 10-K and its Quarterly Reports on Form
10-Q. Investors and security holders are urged to read these documents free of charge on the SEC's website at http://www.sec.gov.
The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future
events or otherwise except as required by law.
Investors
Joanne Jobin
Investor Relations
Joanne.jobin@schwazze.com
647 964 0292
Media
Julie Suntrup, Schwazze
Vice President | Marketing & Merchandising
julie.suntrup@schwazze.com
303 371 0387

label: organization

text: SHWZ

text: SCHWAZZE

text: Reynold Greenleaf & Associates

text: Elemental Kitchen & Laboratories

text: Schwazze

text: SHWZ

text: Schwazze

text: Reynold Greenleaf & Associates, LLC

text: Elemental Kitchen & Laboratories, LLC

text: Schwazze

text: Schwazze

label: person

text: Willie Ford

text: Justin Dye

text: Willie Ford

text: Schwazze

text: Schwazze

text: Schwazze

text: SHWZ

text: Schwazze

text: Schwazze

text: Schwazze

text: Schwazze

text: Schwazze

text: Schwazze

source_dataset: expertai/BUSTER

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


text:
EX-99.1
3
nwecex991.htm
NEW WESTERN ENERGY CORP. ACQUIRES AN ADDITIONAL 80 ACRES CONTIGUOUS TO ITS WINCHESTER THOMAS LEASES IN ROGERS COUNTY, OKLAHOMA
EXHIBIT 99.1
New Western
Energy Corp. Acquires an Additional 80 Acres Contiguous to Its Winchester & Thomas Leases in Rogers County, Oklahoma
IRVINE, Calif., Dec 04, 2013 (GLOBE NEWSWIRE via COMTEX) -- New Western Energy Corporation (OTCBB:NWTR), an independent energy
company engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America,
is pleased to announce that it has completed the acquisition of an Oil & Gas lease consisting of 80 acres adjacent to its
Winchester & Thomas leases in Rogers County, Oklahoma. The lease known as Winchester II has 5 existing oil and gas wells and
one water injection well that currently produces an average of 4 (four) barrels of oil per day (bopd). Subsequent to this strategic
acquisition, Company's combined leasehold area in Oklahoma is now approximately 1,830 acres with 130 wells and 11 disposable wells.
The Winchester II lease has several
drilling opportunities from multiple proven oil and gas formations with historic oil production mainly occurring in the Bartlesville
and Burgess formations which are contained in this lease. Further, the water injection well on site will allow the Company to
increase pressure and thereby stimulate production, improve the reservoir recovery factor and continue to maintain improved production
rate over a longer period. The additional acreage and its strategic location lets us control a more uniform pattern of the water
flood "pressure maintenance" program we have planned for 2014 development.
"This acquisition adds to our
already established track record in Rogers County, Oklahoma and we expect immediate improvement once water is injected in the
reservoir as this enhanced oil recovery method will increase our cash flow by improving on the existing production rate and will
allow us to recover more oil from the reservoir", said Javan Khazali, President and CEO.
About New Western Energy Corp.
New Western Energy Corp. is an independent energy company engaged
in the acquisition, development, production, and exploration of oil, gas and minerals primarily in North America. To learn more
about the Company, visit: www.newwesternenergy.com
Notice Regarding Forward-Looking
Statements
This news release contains "forward-looking
statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include
any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include,
among other things, the development, costs and results of our exploration program at our properties and any anticipated production.
Actual results could differ from those projected in any forward-looking statements due to numerous factors including, among others,
the inherent uncertainties associated with petroleum exploration and development stage exploration companies. These forward-looking
statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements,
or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe
that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance
that such beliefs, plans, expectations or intentions will prove to be accurate.
Cautionary Note to U.S.
Investors -- The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC,
to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically
and legally producible under existing economic and operating conditions. We use certain terms in this press release, such as "probable,"
"possible", "recoverable" or "potential" reserves among others, that the SEC's guidelines strictly
prohibit us from including in filings with the SEC. Investors are urged to consider closely the disclosure in our Annual Report
on Form 10-K and our other filings with the SEC at www.sec.gov
or from us at New Western Energy Corp., 1140 Spectrum, Irvine, CA 92618.
CONTACT:
Javan Khazali
(949) 435 - 0977
info@newwesternenergy.com

text: NEW WESTERN ENERGY CORP.

text:
New Western
Energy Corp.

text: New Western Energy Corporation

text: Javan Khazali

text: New Western Energy Corp.

text: New Western Energy Corp.

text: New Western Energy Corp.

text: Javan Khazali


text:
EX-99
4
e991.htm
Exhibit 99.1
Financial Statements
INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Board of Directors of
American Housing Income Trust, Inc.
Phoenix, Arizona
We have audited the accompanying statement of revenues and certain operating expenses (the "Historical Summary") of The Single Family Residences in Tucson, Arizona (the "Homes"), for the year ended December 31, 2014. Management is responsible for the preparation and fair presentation of this Statement. Our responsibility is to express an opinion on the financial statement based on our audit.
We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statement is free from material misstatement. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statement, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.
In our opinion, the financial statement referred to above presents fairly, in all material respects, the revenues and certain operating expenses of The Single Family Residences in Tucson, Arizona in conformity with accounting principles generally accepted in the United States of America.
The accompanying Historical Summary was prepared for the purpose of complying with the rules and regulations of the Securities and Exchange Commission (for inclusion in this Form 8-K/A of American Housing Income Trust, Inc. Inc.) as discussed in Note 1 to the Historical Summary and is not intended to be a complete presentation of the Homes' revenues and expenses.
/s/ MaloneBailey, LLP
MaloneBailey, LLP
Houston, Texas
August 14, 2015
Page 1
THE SINGLE FAMILY RESIDENCES IN TUCSON, ARIZONA
STATEMENTS OF REVENUES AND CERTAIN OPERATING EXPENSES
For the Three Months Ended March 31, 2015 (Unaudited) and Year Ended December 31, 2014
Three Months
Ended
Year Ended
March 31,
December 31,
2015
2014
(Unaudited)
Revenues:
Rental revenue
$
32,730
$
126,156
Certain operating expenses
:
Property operating and maintenance
5,582
7,962
Real estate taxes and insurance
6,174
24,694
Total certain operating expenses
11,756
32,656
Revenues in excess of certain operating expenses
$
20,974
$
93,500
See accompanying notes to statements of revenues and certain operating expenses.
Page 2
THE SINGLE FAMILY RESIDENCES IN TUCSON, ARIZONA
NOTES TO STATEMENTS OF REVENUES AND CERTAIN OPERATING EXPENSES
For the Three Months Ended March 31, 2015 (unaudited) and for the Year Ended December 31, 2014
(1) Basis of Presentation
On August 3, 2015, American Housing Income Trust, Inc. (the "Company") acquired nine single family residences (the "Homes") located in Tucson, Arizona, from Valfre Holdings, LLC, an unrelated third party.
The accompanying statements of revenues and certain operating expenses (the "Historical Summaries") have been prepared for the purpose of complying with the provisions of Article 3-14 of Regulation S-X promulgated by the Securities and Exchange Commission (the "SEC"), which requires certain information with respect to real estate operations to be included with certain filings with the SEC. The Historical Summaries include the historical revenues and operating expenses of the Homes, exclusive of interest expense, depreciation and amortization, management fees, and other nonrecurring owner specific expenses, which may not be comparable to the corresponding amounts reflected in the future operations of the Homes.
The statement of revenues and certain operating expenses and notes thereto for the three months ended March 31, 2015 included in this report is unaudited. In the opinion of management, all adjustments necessary for a fair presentation of such statement of revenues and certain operating expenses have been included. Such adjustments consisted of normal recurring items. Interim results are not necessarily indicative of results for a full year.
(2) Significant Accounting Policies
Revenue Recognition
The Homes's operations consist of rental revenue earned from nine tenants under individual leasing arrangements for each property for rent. Rental revenue is recognized when due from residents and is recognized monthly as it is earned.
Property Operating and Maintenance
Property operating and maintenance expenses represent the direct expenses of operating the Homes and consist primarily of utilities, repairs and maintenance, and other operating expenses that are expected to continue in the proposed future operations of the Homes.
Use of Estimates
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of revenues and certain expenses during the reporting period. Actual results could differ from those estimates.
(3) Rental Revenue
The aggregate annual minimum cash payments to be received on the operating leases in effect as of December 31, 2014 are as follows:
Year ending
Amount
December 31
2015
$
133,140
2016
63,140
Total
$
196,280
Total minimum future rental revenue represents the base rent that the tenant is required to pay under the terms of its lease in effect at December 31, 2014 exclusive of charges for operating expenses and real estate taxes.
(4) Subsequent Events
Management has evaluated all events and transactions that occurred after December 31, 2014 through August 14, 2015, the date which the statement was available to be issued, and noted the following reportable event:
a) On August 3, 2015, the "Company" and Valfre Holdings, LLC, an Arizona limited liability company, and James A. Valfre and Pamela J. Valfre, f/k/a Pruitt (collectively, "Valfre") closed on the Company's acquisition of the Homes through an umbrella limited liability partnership organized in Maryland called "AHIT Valfre, LLP" ("AHIT Valfre") for a total consideration of $1,735,734.
Page 3

text: American Housing Income Trust, Inc.

text: American Housing Income Trust, Inc.

text: American Housing Income Trust, Inc.


text:
EX-99.1
4
d710595dex991.htm
EX-99.1
EX-99.1
Exhibit 99.1
Encana completes acquisition of Newfield Exploration to create North America's premier resource company
Calgary, Alberta
(February 13, 2019)
Encana
Corporation (Encana) (TSX, NYSE: ECA) announced today that it has completed its acquisition of Newfield Exploration Company (Newfield) (NYSE: NFX) in an all-stock transaction.
"This acquisition creates North America's premier resource company with large-scale positions in the core of the Permian, Anadarko and
Montney", said Doug Suttles, Encana President & CEO. "Our multi-basin portfolio provides tremendous investment optionality to deliver liquids growth and free cash flow to support the continued return of capital to shareholders. We
welcome the team from Newfield to Encana".
Demonstrating the quality of its business and its commitment to return capital to shareholders, Encana
will proceed with its previously announced $1.25 billion share buyback in 2019, following receipt of regulatory approvals, and increase its dividend by 25 percent. In connection with the closing of the acquisition, Encana intends to implement cross
guarantees whereby Encana will guarantee Newfield's outstanding notes and Newfield will guarantee Encana's outstanding notes.
With the close of
this transaction, Encana welcomes the appointment of Steven W. Nance and Thomas G. Ricks to its Board of Directors, both of whom previously served as directors on the Newfield Board. Biographies of the new members of Encana's Board are
available on
Encana's website
.
2018 Fourth Quarter and Year-End Results and 2019 Capital Guidance
Encana will release its 2018 fourth quarter and year-end results and 2019 capital guidance on Thursday, February 28, 2019. Financial statements will be
available on the company's website that morning. The company will host a conference call for the investment community the same day at 7 a.m. MT (9 a.m. ET) to discuss these items. Conference call and webcast details will be released one week
prior to the announcement.
Encana Corporation
Encana is a leading North American energy producer that is focused on developing its strong portfolio of resource plays, held directly and indirectly through
its subsidiaries, producing oil, natural gas liquids (NGLs) and natural gas. By partnering with employees, community organizations and other businesses, Encana contributes to the strength and sustainability of the communities where it operates.
Encana common shares trade on the Toronto and New York stock exchanges under the symbol ECA.
ADVISORY REGARDING FORWARD-LOOKING STATEMENTS
- This
news release contains certain forward-looking statements or information (collectively, FLS) within the meaning of applicable securities legislation, including the United States Private Securities Litigation Reform Act of 1995. FLS include: position
and strength relative to peers in certain assets; benefits of multi-basin portfolio; ability to generate liquids growth and deliver free cash flow to support the continued return of capital to shareholders; planned integration and resulting
benefits; intention to execute cross-guarantees for Encana and Newfield notes outstanding and benefits therefrom; anticipated share buyback following receipt of regulatory approvals, timing of completion, form of purchases and funding thereof;
planned increase to dividend; quality of Encana's business and commitment to return of capital; and timing of year-end results and 2019 capital guidance. Readers are cautioned against unduly relying on FLS which, by their nature, involve
numerous assumptions, risks and uncertainties that may cause such statements not to occur, or results to differ materially from those expressed or implied. These assumptions include: assumptions contained in Encana's corporate guidance and
five-year plan; future commodity prices and differentials; data contained in key modeling statistics; effectiveness of Encana's drive to productivity and efficiencies; results from innovations; enforceability of transaction agreements; and
expectations and projections made in light of, and generally consistent with, Encana's historical experience and its perception of historical trends, including with respect to the pace of technological development, benefits achieved and general
industry expectations. Risks and uncertainties that may affect these business outcomes include: integration of Encana and Newfield; ability to recognize anticipated benefits from the combination of Encana and Newfield; variability and discretion of
Encana's board of directors to declare and pay dividends, if any; variability in the amount, number of shares and timing of purchases, if any, under the share buyback; commodity price volatility; counterparty and credit risk; impact of a
downgrade in a credit rating and access to sources of liquidity; risks inherent in Encana's corporate guidance and five-year plan; failure to achieve cost and efficiency initiatives; and other risks and uncertainties impacting Encana's
business, as described in its most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q and as described from time to time in Encana's other periodic filings as filed on SEDAR and EDGAR.
Although Encana believes the expectations represented by such FLS are reasonable, there can be no assurance
that such expectations will prove to be correct. Readers are cautioned that the assumptions, risks and uncertainties referenced above are not exhaustive. FLS are made as of the date of this news release and, except as required by law, Encana
undertakes no obligation to update publicly or revise any FLS. FLS contained in this news release are expressly qualified by these cautionary statements.
Further information on Encana Corporation is available on the company's website,
www.encana.com
, or by contacting:
Investor contact:
Media contact:
Corey Code
Simon Scott
Vice-President, Investor Relations
Vice-President, Communications
(403) 645-4606
(403) 645-2526
Patti Posadowski
Jay Averill
Sr. Advisor, Investor Relations
Director, External Communications
(403) 645-2252
(403) 645-4747
SOURCE: Encana Corporation

text: Encana

text: Newfield Exploration

text:
Encana
Corporation

text: Encana

text: Newfield Exploration Company (Newfield)

text: Encana

text: Encana

text: Encana

text: Encana

text: Encana

text: Encana

text: Encana

text: Encana

text: Encana

text: Encana

text: Encana Corporation

text: Encana

text: Encana

text: Encana

text: Encana

text: Encana

text: Encana

text: Encana

text: Encana

text: Encana

text: Encana

text: Encana

text: Encana

text: Encana

text: Encana

text: Encana

text: Encana

text: Encana Corporation

text: Encana Corporation


text:
EX-99.1
8
exhibit99_1.htm
EXHIBIT 99.1 - PRESS RELEASE
Exhibit 99.1 - Press Release
Exhibit
99.1
Investors:
BMS
Value
Partners
Betsy Brod, (212) 750-5800
MILLENNIUM
CELL ACQUIRES GECKO ENERGY TECHNOLOGIES
--
Millennium Cell and Gecko to develop hydrogen batteries for portable device
markets --
Eatontown,
NJ-December 29, 2006
-Millennium
Cell Inc. (NASDAQ: MCEL), a leading developer of hydrogen battery technology,
today announced that the company has acquired all of the remaining outstanding
shares of Gecko Energy Technologies, Inc. through a merger of Gecko with a
subsidiary of the company. For this transaction, the company issued 2,000,000
common shares for approximately 66% of Gecko's outstanding shares owned by its
two founders. Millennium Cell had previously owned approximately 34% of the
outstanding shares of Gecko.
In
February of 2006, the companies entered into a three year agreement to focus
on
the development of Gecko's PowerSkin™ fuel cell technology to support the
application of hydrogen batteries in portable electronic devices. Since that
time, the collaboration has resulted in the development and small scale
manufacturing of PowerSkin™, a thin passive planar fuel cell module that we
believe is a leap forward in the architecture of power sources for portable
devices. Earlier this year the companies collaborated to power a wireless camera
and have received interest in these power sources from a number of potential
customers. The two companies will initially focus on developing fuel cell power
products to address military and consumer electronics applications that require
less than 20 watts of power.
"Our
joint development programs with Gecko have convinced us that their fuel cell
products will be successful in handheld devices and sensors that are used by
commercial and military applications", stated Adam Briggs, President, Millennium
Cell. "Prospective OEM partners prefer a complete solution to their power needs
and the integration of Millennium Cell's Hydrogen on Demand® fuel cartridge
technology with Gecko's thin planar PowerSkin™ fuel cells provides a high
performance solution at a lower cost than any other fuel cell technology. We
are
pleased with the initial success and acceptance that we have experienced working
with the Gecko team and look forward to accelerating our business plan with
our
combined organizations".
"We
are
very excited by the rapid development Gecko's PowerSkin™ technology into a
complete system utilizing Millennium Cell's Hydrogen on Demand® technology. Our
successful joint demonstration of a fuel cell powered wireless night vision
camera was made possible by the tremendous synergy between each of our company's
technologies and people", commented Dr. Ronald Kelley, Co-founder and President,
Gecko Energy Technologies. "We are working to develop low cost power solutions
that provide the design flexibility and high performance that our potential
customers require. This transaction gives us the added depth and breadth that
we
need to meet that goal".
"Through
our joint efforts with Millennium Cell over the past several months, we have
become convinced that the Hydrogen on Demand® technology is the best fuel
technology for our power source products. By merging the two companies we can
develop products around the two technologies in a more efficient fashion", added
Steve Pratt, Gecko Co-founder and Chief Operating Officer.
Prior
to
the merger, Millennium Cell had invested approximately $1.5 million in cash
and
services for its initial 34% interest. The common shares of Millennium Cell
acquired by the founders of Gecko are subject to a one-year holding period.
Gecko will operate as a separate, wholly-owned subsidiary of Millennium Cell
and
the founders will remain with Gecko under the terms of employment agreements
between the founders and Millennium Cell's wholly owned subsidiary. Other
agreements between Millennium Cell and Gecko that were entered into at the
time
of the original investment by Millennium Cell have been modified or terminated
to reflect the changed circumstances of Gecko becoming a wholly-owned
subsidiary.
About
Millennium Cell
Millennium
Cell develops hydrogen battery technology through a patented chemical process
that safely stores and delivers hydrogen energy to power portable devices.
The
borohydride-based technology can be scaled to fit any application requiring
high
energy density for a long run time in a compact space. The Company is working
with market partners to meet demand for its patented process in four areas:
military, medical, industrial and consumer electronics. For more information,
visit http://millenniumcell.com.
Cautionary
Note Regarding Forward-looking Statements:
This
press release may include statements that are not historical facts and are
considered "forward-looking" within the meaning of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements reflect
Millennium Cell's current views about future events and financial performance
and are subject to risks. Forward-looking statements are identified by their
use
of terms and phrases such as "believe", "expect", "plan", "anticipate", "on
target" and similar expressions identifying forward-looking statements.
Investors should not rely on forward-looking statements because they are subject
to a variety of risks, uncertainties and other factors, many of which are
outside of our control, that could cause actual results to differ materially
from Millennium Cell's expectations, and Millennium Cell expressly does not
undertake any duty to update forward-looking statements. These factors include,
but are not limited to, the following: (i) the cost and timing of development
and market acceptance of Millennium Cell's hydrogen fuel storage and delivery
system; (ii) the cost and commercial availability of the quantities of raw
materials required by the hydrogen fuel storage and delivery systems; (iii)
competition from current, improving and alternative power technologies; (iv)
Millennium Cell's ability to raise capital at the times, in the amounts and at
the costs and terms that are acceptable to fund the development and
commercialization of its hydrogen fuel storage and delivery system and its
business plan; (v) Millennium Cell's ability to protect its intellectual
property; (vi) Millennium Cell's ability to achieve budgeted revenue and expense
amounts; (vii) Millennium Cell's ability to generate revenues from the sale or
license of, or provision of services related to, its technology; (viii)
Millennium Cell's ability to form strategic alliances or partnerships to help
promote our technology and achieve market acceptance; (ix) Millennium Cell's
ability to generate design, engineering or management services revenue
opportunities in the hydrogen generation or fuel cell markets; (x) Millennium
Cell's ability to secure government funding of its research and development and
technology demonstration projects; and (xi) other factors discussed under the
caption "Investment Considerations"
in
Millennium
Cell's
Annual Report on Form 10-K for the year ended December 31,
2005.
#
#
#

text:
MILLENNIUM
CELL

text: GECKO ENERGY TECHNOLOGIES

text: Millennium Cell

text: Gecko

text:
Millennium
Cell Inc.

text: Gecko Energy Technologies, Inc.

text: Gecko

text: Gecko

text: Millennium Cell

text: Gecko

text: Gecko

text: Gecko

text: Adam Briggs

text:
Millennium
Cell

text: Millennium Cell

text: Gecko

text: Gecko

text: Gecko

text: Millennium Cell

text: Ronald Kelley

text: Gecko Energy Technologies

text: Millennium Cell

text: Gecko

text: Millennium Cell

text: Millennium Cell

text: Gecko

text: Gecko

text: Millennium Cell

text: Gecko

text: Millennium Cell

text: Millennium Cell

text: Gecko

text: Millennium Cell

text: Gecko

text: Millennium Cell

text:
Millennium
Cell

text: Millennium Cell

text: Millennium Cell

text: Millennium Cell

text: Millennium Cell

text: Millennium Cell

text: Millennium Cell

text: Millennium Cell

text: Millennium Cell

text: Millennium Cell

text: Millennium Cell

text:
Millennium
Cell

text:
Millennium
Cell


text:
EX-99.1
5
v222735_ex99-1.htm
Document Security Systems, Inc. Acquires Cloud Computing Company ExtraDev, Inc. to Deliver Digital Information Security
DSS' proprietary software AuthentiGuard® DX offers superior digital information security solution which is an effective alternative
for securing information in a cloud computing environment
ROCHESTER, NY, May 12, 2011 - Document Security Systems, Inc. (NYSE/AMEX: DMC, "DSS"), announced today that it has acquired a private cloud computing company called ExtraDev, Inc. ("ExtraDev") in order to expand the company's presence in the multi-billion dollar cloud computing market. The acquisition of ExtraDev gives DSS the necessary information systems personnel and cloud expertise to deliver their patented AuthentiGuard® DX information security technology as a Software-as-a-Service offering (SaaS).
AuthentiGuard - DX is a server-side software product accessed by licensed users to secure any user or programmatically selected alphanumeric digitally stored data such as software which resides on a server and is accessed by licensed users to secure any user selected alphanumeric document such as a Word Document, Excel spreadsheet, Outlook email or Power Point. The secure data is then concealed allowing the data to be saved, printed or transmitted with additional security measures applied. Unauthorized individuals that may view the data will obtain redacted information. Authorized users have the option of reversing the secure portion of documents with a password protected viewing system or view the data in printed form with a handheld plastic analog decoder. Protected data is also safeguarded when printed since the hidden information deletes itself if scanned or copied by a counterfeiter.
DSS has demonstrated the system to existing ExtraDev clients such as accounting firms seeking to secure tax returns and financial information and law firms for the security of legal documents. In addition, the technology can be used to secure any type of document content, from medical information to sensitive personal information such as social security and credit card numbers.
ExtraDev has approximately 100 professional and government clients, 3 secure data centers locations, 2 in New York State and 1 in Northern California. Headquartered in Rochester, they have been providing Cloud Computing solutions to their clients since 2002. They have been at the forefront of the industry and have experienced significant growth in their Cloud Services offerings to the point that they are now 100% Cloud focused.
Patrick White, CEO of DSS states: "As shown by the recent major information security breeches at Sony Corporation and the "Wiki leaks" debacle, information security continues to be a critical necessity for businesses and individuals. Firewalls are being compromised. Our patented AuthentiGuard® DX technology is the second line of defense since the raw data is protected after a fire wall breech. I really feel it's a disruptive patented technology in that regards since it has the potential to replace many of the outdated information security technologies on the market".
White continued, "The acquisition of ExtraDev provides us the infrastructure and delivery method necessary to commercialize this important software product. Also, ExtraDev has a professional client base that lends itself to needs for this technology. We anticipate that our new "Digital Product" division will provide significant value for our shareholders. This truly is a major day for DSS as it enters the company into the massive cloud computing world with a compelling information security product".
"We're excited about the combination of capabilities surrounding this acquisition", says Mike Roy, CEO of ExtraDev. "With the existing software assets of DSS in conjunction with ExtraDev's data centers space and development capability this acquisition has all the components needed to develop cutting-edge solutions satisfying a very significant set of needs in the digital marketplace".
As consideration for the acquisition, DSS assumed liabilities of ExtraDev of approximately $388,000, and issued Mr. Roy and Mr. Trueblood, as new employees of DSS, an aggregate of 94,336 restricted shares of the Company's common stock, plus options to purchase an aggregate of 65,664 shares of the Company's common stock, both which vest over time, pursuant to DSS' 2004 Employee Stock Option Plan, which authorizes the issuance of restricted stock and options to employees.
"Cloud Computing" is the practice of using a network of remote servers hosted on the Internet to store, manage, and process data, rather than a local server or personal computer. According to a report published by Arizona-based market research firm In-Stat, "by 2014, businesses in the United States will spend more than $13 billion on cloud computing and managed hosting services. This is in comparison to a trifling $3 billion at present". In addition, a study conducted by IBM based on various market estimates, found that the global cloud computing market is expected to grow to $126 billion by 2012, a staggering increase from the $47 billion spent just in 2008.
About ExtraDev, Inc.
ExtraDev is a leader and innovator in the hosted solutions business. Since 1998 ExtraDev has provided data center centric solutions to all types of businesses and local governments nationwide. The company is now 100% dedicated to Cloud Services.
Since 2002, the company has been involved in the Software-as-a-Service industry (SaaS) - well before most people even new it existed. They have developed a world class capability that allows them to provide enterprise level IT solutions to companies and firms of all sizes. ExtraDev has developed a proprietary CloudZone Application Gateway which creates a continuum of possible Cloud solutions for companies that need robust, enterprise class server solutions in the cloud.
Headquartered in Rochester, NY, ExtraDev has been a Microsoft Gold Certified Partner since 2002, consistently ranking in the top 10% of Microsoft Partners based on their participation in the annual partner survey. For more information, visit:
www.extrashare.com
.
About Document Security Systems, Inc
Document Security Systems is a world leader in the development of optical deterrent technologies that help prevent counterfeiting and brand fraud from the use of the most advanced scanners, copiers and imaging systems in the market. The company's patented and patent-pending technologies protect valuable documents and printed products from counterfeiters and identity thieves. Document Security Systems' customers, which include international governments, major corporations and world financial institutions, use its covert and overt technologies to protect a number of applications including, but not limited to, currency, vital records, brand protection, ID Cards, internet commerce, passports and gift certificates. Document Security Systems' strategy is to become the world's leading producer of cutting-edge security technologies for paper, plastic and electronically generated printed assets.
Follow Document Security Systems, Inc. on Facebook, click
HERE
.
More information about Document Security Systems, Inc can be found at
www.documentsecurity.com
and
www.plasticprintingprofessionals.com
, www.protectedpaper.com,www.dpirochester.com.
and
www.premiercustompkg.com
.
For more information, contact:
Jody Janson
Document Security Systems, Inc.
Investor Relations
Tel: (585) 232-5440
Email:
ir@documentsecurity.com
Cautionary Note Regarding Forward-Looking Statements
Statements included in this press release, which are not historical in nature, are intended to be, and are hereby identified as "Forward-Looking Statements" for purposes of safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended. Readers are directed to the company's filings with the U.S. Securities and Exchange Commission at
www.sec.gov
for additional information and a presentation of the risks and uncertainties that may affect the company's business and results of operations.

text: Document Security Systems, Inc.

text: ExtraDev, Inc.

text: DSS

text: Document Security Systems, Inc.

text: DSS

text: ExtraDev, Inc.

text: ExtraDev

text: ExtraDev

text: DSS

text: DSS

text: ExtraDev

text: ExtraDev

text: Patrick White

text: DSS

text: ExtraDev

text: ExtraDev

text: DSS

text: Mike Roy

text: ExtraDev

text: DSS

text: ExtraDev

text: DSS

text: ExtraDev

text: DSS

text: DSS

text: ExtraDev, Inc.

text: ExtraDev

text: ExtraDev

text: ExtraDev

text: ExtraDev

text: Document Security Systems, Inc.

text: Document Security Systems, Inc.


text:
EX-99.1
2
f8k080114ex99i_wirelessronin.htm
PRESS RELEASE DATED AUGUST 4, 2014
Exhibit 99.1
Baker Technology
Plaza, Suite 475
Phone: 952.564.3500
5929 Baker Road
Fax:
952.974.7887
Minnetonka, MN 55345
Wireless Ronin and Broadcast International
Announce the Successful Completion of Merger
MINNEAPOLIS - August 4, 2014 - Wireless Ronin Technologies,
Inc. (OTCQB: RNIN)
, a leading digital marketing technologies solutions provider, today announced that it successfully completed
its previously announced merger with Broadcast International ("BI") (OTCQB: BCST), a leading provider of digital media
and broadcast solutions, effective August 1, 2014.
On March 5, 2014, the companies entered into a definitive agreement
to merge, whereby Broadcast International shareholders and other security holders (e.g., options and warrants) will receive approximately
36.5% of the outstanding shares of Wireless Ronin's common stock calculated on a modified fully-diluted basis. The
companies today announced that the merger has been completed following approval by shareholders of Broadcast International and
with all other customary closing conditions having been met.
In accordance with the terms of the transaction as previously announced,
BI merged with and into a wholly-owned subsidiary of Wireless Ronin. Wireless Ronin issued approximately 7,093,273 shares to BI
shareholders (including holders of BI secured and unsecured notes that converted into BI shares contemporaneous with closing) in
connection with the merger.
"We are excited to have closed this transaction and look forward
to providing our customers with a broader and more scalable offering", stated Scott Koller, Wireless Ronin's President
and CEO. "The addition of Broadcast's intellectual property, coupled with our content management system
and creative solutions capabilities, provides us with one of the most comprehensive technology portfolios in the industry. Customers
are demanding more and want the latest innovations that will help them improve the in-store engagement. With Broadcast
International's technology, and the pending addition of Creative Realities offerings, we feel our value proposition will
be unmatched".
Koller continued, "The completed merger with Broadcast International
is the first piece in our multi-step process to broaden our offering and scale for our customers. With Broadcast International,
we gain IP and add to our customer base. With Creative Realities, a transaction that is pending, we gain years of invaluable
creative design expertise, a blue-chip customer roster that continues to expand, and an incredible sales engine. Together,
we believe we become the one-stop solution for retailers, venue operators and all of the brands they partner with, as we provide
the most robust and innovative marketing technology solutions. These past several months have been transformative, and
we believe that once we have completed both of these transactions we will change the way our highly fragmented industry operates,
which will ultimately result in a better consumer shopping experience, greater brand loyalty for our customers and the end-goal,
increased sales and profitability for all".
Wireless Ronin and Broadcast International Announce the Successful
Completion of Merger
As previously announced, Broadcast International brings to Wireless
Ronin more than 20 years of experience delivering enterprise-scale digital signage solutions for large organizations like Caterpillar
and Washington Trust Bank. Broadcast's award-winning Managed Media Services (MMS) platform is a unified multi-channel
solution that allows global enterprises to centrally manage and deploy digital media assets, including signage, posters, video,
and music. The platform leverages Broadcast's patented CodecSys software, a breakthrough, multi-codec video compression technology
that reduces video bandwidth requirements and provides significant performance benefits. Broadcast's digital signage
solutions use CodecSys to optimize content delivery, thereby providing end users high quality video content across minimal bandwidth. Broadcast
also licenses a range of point solutions which, in addition to CodecSys, includes its Messaging and Music On Hold (MMOH) technology
that allows companies to customize on-hold music as well as broadcast promotions and important information to its customers. Wireless
Ronin believes that CodecSys, MMOH, and other Broadcast products will provide new licensing and revenue streams for the combined
company.
In June 2014, Wireless Ronin and Creative
Realities, LLC ("Creative Realities"), a leader in the marketing technology arena, announced they had entered into
a definitive merger agreement. The CRI currently transaction remains on track to close in the third quarter of 2014,
pending the successful completion of customary closing conditions.
About Wireless Ronin Technologies, Inc.
Wireless Ronin Technologies (OTCQB: RNIN) (WRT) is a pioneering
marketing technologies company. WRT combines interactive digital media - signage, kiosks, mobile, social media and web -
to create 360-degree solutions so companies will be "Communicating at Life Speed®" to deliver the right content
at the right place at the right time. WRT's turnkey approach includes strategic consulting, creative development, installation,
hosting, training and support. Since launching its cloud-based RoninCast® content management platform in 2003, WRT has become
the leading digital marketing provider for large-scale deployments in retail, automotive, food service and public venues. The company
is headquartered in Minneapolis, Minnesota. For more information about Wireless Ronin, visit www.wirelessronin.com.
Forward-Looking Statements
This release contains certain forward-looking statements of expected
future developments, as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect
management's present expectations and estimates regarding operating efficiencies, increased revenue opportunities, potential new
markets, cost savings, the ability to effectively compete in a highly competitive market and the value of certain assets relating
to the potential transaction described herein. Nevertheless, and despite the fact that management's expectation and estimates
are based on assumptions management believes to be reasonable and data management believes to be reliable actual results from the
potential transaction are subject to future risks and uncertainties, any of which could materially affect actual performance. Risks
and uncertainties that could affect such performance include, but are not limited to, the following: the adequacy of funds for
future operations; estimates of future expenses, revenue and profitability; the pace at which the company completes installations
and recognizes revenue; trends affecting financial condition and results of operations; ability to convert proposals into customer
orders; the ability of customers to pay for products and services; the revenue recognition impact of changing customer requirements;
customer cancellations; the availability and terms of additional capital; ability to develop new products; dependence on key suppliers,
manufacturers and strategic partners; industry trends and the competitive environment; the impact of the company's financial
condition upon customer and prospective customer relationships, and the impact of losing one or more senior executives or failing
to attract additional key personnel. These and other risk factors are discussed in detail in the company's Registration Statement
on Form S-4 filed with the Securities and Exchange Commission on May 19, 2014. Readers should also refer to the risk factors disclosed
in the company's most recent Annual Report on Form 10-K.
Company Contact:
Media and Investor Contact:
Scott Koller, President and CEO
Glenn Wiener, President and CEO
Wireless Ronin Technologies
GW Communications
Tel: 952-564-3550
Tel: 212-786-6011 / Email: gwiener@GWCco.com

text: Wireless Ronin

text: Broadcast International

text:
Wireless Ronin Technologies,
Inc.

text: Broadcast International

text: Broadcast International

text: Wireless Ronin

text: Broadcast International

text: Wireless Ronin

text: Wireless Ronin

text: Scott Koller

text: Wireless Ronin

text:
Broadcast
International

text: Broadcast International

text: Broadcast International

text: Wireless Ronin

text: Broadcast International

text: Broadcast International

text:
Wireless
Ronin

text:
Wireless
Ronin

text: Wireless Ronin

text: Wireless Ronin Technologies, Inc.

text: Wireless Ronin

text: Scott Koller

text: Glenn Wiener


text:
EX-99.1
5
ex99-1_15706.htm
PRESS RELEASE
www.EXFILE.com 888.775-4789 -- BRIDGELINE SOFTWARE, INC. FORM 8-K
EXHIBIT
99.1
For
Immediate Release
Tenth
Floor Merges into Bridgeline Software
Bridgeline
Software expands into the Ohio Valley and Minnesota
markets
Woburn
,
MA, February 1, 2008
- Bridgeline Software, Inc. (NASDAQ: BLSW), a
leading developer of web application management software and award-winning
web
applications, announced today that Tenth Floor, Inc. (the "Company") has merged
into Bridgeline Software.
Founded
in 2001, Tenth Floor (
www.tenthfloor.com
) is a web application
development company that has developed their own SaaS-based web application
management software product named BASE-10 (
www.base-10.com
). The Company
specializes in the areas of content management and e-commerce applications.
Tenth Floor is headquartered in Cleveland, Ohio with a satellite office in
Minneapolis, Minnesota.
Tenth
Floor has over 260 customers in industries including financial services,
technology, government, healthcare and sports marketing. Their customers include
Honeywell, the U.S. Department of Defense, the U.S. Department of Justice,
Ridge
Tool (a division of Emerson), National City Bank, Chico's, Bank of New York
Convergex, Hormel, ArnoldPalmer.com, NatalieGulbis.com, Cal Ripken Enterprises,
Cleveland Clinic, and the Ohio Department of
Health. Approximately 200 of Tenth Floor's customers pay the
Company a monthly subscription fee, monthly managed service fee, or annual
software maintenance fee.
Currently,
Tenth Floor has an annualized sales run rate of approximately $4 million per
year. The Company's 2007 unaudited annual sales were approximately $3 million
and the Company was profitable. Over the past 3 years, Tenth Floor has
experienced a compounded average annual growth rate in excess of 50% per year.
Approximately 27% of the Company's revenue is recurring software or managed
services revenue.
Tenth
Floor co-Founder and Chief Executive Officer, Anthony Pietrocola, has joined
Bridgeline Software's executive management team as Executive Vice President
and
General Manager of Bridgeline Software - Cleveland. Co-Founders Scott Weiss
and
Matt Glaze have also joined Bridgeline Software's management
team.
Bridgeline
Software acquired Tenth Floor, Inc. for a total of $4 million, including
the
purchase of approximately $650 thousand of Tenth Floor net working capital
(cash, accounts receivable, less liabilities). The $4 million acquisition
consisted of $504 thousand in cash, $96 thousand of repayment of a bank line
of
credit, 640 thousand shares of Bridgeline Software common stock, and the
opportunity to receive up to an additional $1.2 million in cash over a 12
quarter period based on certain minimum operating income goals being achieved.
The Bridgeline Software common stock issued is subject to a 1 year lock-up
agreement.
"The
iAPPS Framework and product suite are very impressive products. We believe
Bridgeline Software's disciplines in selling and their development methodologies
will enhance our business. We are excited to leverage centralized
finance, human resources, and legal teams, as well as a low cost development
team in Bangalore India", said Anthony Pietrocola, President & CEO of Tenth
Floor.
Thomas
Massie, Bridgeline Software's President and CEO, stated, "We are very excited
about our merger with Tenth Floor. They have an outstanding team, excellent
leadership, and long-term relationships with great
customers".
About
Bridgeline Software
Bridgeline
Software is a developer of web application management software and award-winning
web applications that help organizations optimize business processes. The
iAPPS®
Framework and Product Suite are innovative SaaS solutions that unify Content
Management, Analytics, eCommerce, and eMarketing capabilities - enabling
business users to swiftly enhance and optimize the value of their web
properties. Combined with award-winning application development services,
Bridgeline Software helps customers cost-effectively accommodate the rapidly
changing needs of mission-critical web applications. Bridgeline Software's
teams
of developers specialize in web application development, information
architecture, usability engineering, SharePoint development, rich media
development, and search engine optimization.
Bridgeline
Software is headquartered near Boston with additional locations in Atlanta,
Chicago, New York, Washington D.C., and Bangalore India. Bridgeline Software
is
a recipient of the Inc. 500 award for America's fastest growing companies and
currently services over 350 customers ranging from middle market organizations
to divisions of Fortune 1,000 companies that include: The Bank of New York,
Marriott International, Citibank, Berkshire Life, EMC, John Hancock, AARP,
National Financial Partners, The Packard Foundation, DTCC, Cadaret, Grant
&
Co., PerkinElmer, UBS, JBHanauer & Co., Omgeo, the Gill Foundation, The
Commonwealth Fund, and the Smithsonian Institute. To learn more about Bridgeline
Software, please visit www.bridgelinesw.com.
Safe
Harbor Statement under the Private Securities Litigation Reform Act of
1995
All
statements included in this press release, other than statements or
characterizations of historical fact, are forward-looking statements. These
forward-looking statements are based on our current expectations, estimates
and
projections about our industry, management's beliefs, and certain assumptions
made by us, all of which are subject to change. Forward-looking statements
can
often be identified by words such as "anticipates", "expects", "intends,"
"plans", "predicts", "believes", "seeks", "estimates", "may", "will", "should,"
"would", "could", "potential", "continue", "ongoing", similar expressions,
and
variations or negatives of these words. These forward-looking statements
are not
guarantees of future results and are subject to risks, uncertainties and
assumptions described in our filings with the Securities and Exchange Commission
that could cause our actual results to differ materially and adversely from
those expressed in any forward-looking statement. We expressly disclaim any
obligation to update any forward-looking statement.
For
More Information:
Bridgeline
Software, Inc.
Thomas
Massie
President
& CEO
781-497-3001
tmassie@bridgelinesw.com
Tenth
Floor, Inc.
Anthony
Pietrocola
President
& CEO
216-575-1010 ext:
105
tonyp@tenthfloor.com

text: BRIDGELINE SOFTWARE, INC.

text:
Tenth
Floor

text:
Bridgeline Software
Bridgeline

text: Bridgeline Software, Inc.

text: Tenth Floor, Inc.

text: Bridgeline Software

text: Tenth Floor

text: Tenth Floor

text:
Tenth
Floor

text: Tenth Floor

text: Tenth Floor

text: Tenth Floor

text:
Tenth
Floor

text: Anthony Pietrocola

text: Bridgeline Software

text: Bridgeline Software

text: Bridgeline Software

text:
Bridgeline
Software

text: Tenth Floor, Inc.

text: Tenth Floor

text: Bridgeline Software

text: Bridgeline Software

text: Bridgeline Software

text: Anthony Pietrocola

text:
Tenth
Floor

text:
Thomas
Massie

text: Bridgeline Software

text: Tenth Floor

text:
Bridgeline Software
Bridgeline

text: Bridgeline Software

text: Bridgeline Software

text:
Bridgeline
Software

text: Bridgeline Software

text:
Bridgeline
Software

text:
Bridgeline
Software, Inc.

text:
Thomas
Massie

text:
Tenth
Floor, Inc.

text:
Anthony
Pietrocola


text:
EX-99.2
5
exhibit99-2.htm
PRESS RELEASE DATED DECEMBER 1, 2011.
exhibit99-2.htm
NEWS RELEASE
Exhibit 99.2
Vanguard Natural Resources, LLC Closes Amended Senior Secured $1.5 Billion
Revolving Credit Facility and Announces New $100 Million
Senior Second Lien Term Loan Facility
Houston, December 1, 2011
- (Business Wire) - Vanguard Natural Resources, LLC (NYSE: VNR) ("Vanguard") announced today it has closed its previously announced amended $1.5 billion senior secured revolving credit facility with an initial borrowing base of $765 million. The amended five year credit facility became effective upon the successful consummation of the merger between Encore Energy Partners LP ("Encore") and Vanguard. In addition to extending the maturity of the facility by five years, several key covenant limitations were amended to provide Vanguard greater flexibility including increasing the percentage of production that can be hedged into the future, increasing the permitted debt to EBITDA coverage ratio from 3.5x to 4.0x, eliminating the required interest coverage ratio, eliminating the ten percent liquidity requirement to pay distributions to unitholders, and allowing for unsecured debt. Also, a new interest rate pricing grid will lower Vanguard's cost of bank debt by half a percent.
Vanguard also announced today it has entered into a $100 million senior secured second lien term loan facility with seven banks from the senior revolving credit facility. The loan matures in 5.5 years, has an initial borrowing rate of LIBOR plus 5.5%, and principally has the same covenants as the $1.5 billion senior secured revolving credit facility.
Borrowings from the two facilities were used to fully repay Encore's senior secured revolving credit facility and Vanguard's $175 million term loan. After consideration of all of these transactions, Vanguard has $100 million borrowed under the second lien term loan facility and has $671.5 million borrowed under the senior secured revolving credit facility leaving $93.5 million in availability under the initial borrowing base of $765 million.
Mr. Richard Robert, Executive Vice President and CFO, commented, "We are very pleased to have this amended credit facility and the new second lien facility closed. With the closing of the second lien facility and with the demonstrated support of the twenty banks in our amended credit facility, we feel that we will have ample liquidity to achieve our growth initiatives into the future".
For more information on the senior second lien term loan facility, please refer to our Form 8-K which will be filed tomorrow.
About Vanguard Natural Resources, LLC
Vanguard Natural Resources, LLC is a publicly traded limited liability company focused on the acquisition, production and development oil and natural gas properties. The Company's assets consist primarily of producing and non-producing oil and natural gas reserves located in the southern portion of the Appalachian Basin, the Permian Basin, South Texas, Mississippi, Big Horn Basin in Wyoming and Montana, the Williston Basin in North Dakota and Montana and the Arkoma Basin in Arkansas and Oklahoma. More information on Vanguard can be found at
www.vnrllc.com
.
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the federal securities laws. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements include but are not limited to statements about the acquisition announced in this press release, the related financing plans, and statements with respect to future distributions. These statements are based on certain assumptions made by the Company based on management's experience and perception of historical trends, current conditions, anticipated future developments and other factors believed to be appropriate. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. These include risks relating to financial performance and results, availability of sufficient cash flow to pay distributions and execute our business plan, prices and demand for oil, natural gas and natural gas liquids, our ability to replace reserves and efficiently develop our current reserves and other important factors that could cause actual results to differ materially from those projected as described in the Company's reports filed with the Securities and Exchange Commission. Please see "Risk Factors" in the Company's public filings.
Any forward-looking statement speaks only as of the date on which such statement is made and the Company undertakes no obligation to publicly correct or update any forward-looking statement, whether as a result of new information, future events or otherwise.
CONTACT: Vanguard Natural Resources, LLC
Investor Relations
Lisa Godfrey, 832-327-2234
investorrelations@vnrllc.com
SOURCE: Vanguard Natural Resources, LLC

text: Vanguard Natural Resources, LLC

text: Vanguard Natural Resources, LLC

text: Vanguard

text: Encore Energy Partners LP

override: organization

text: Vanguard

text: Vanguard

text: Vanguard

text: Vanguard

text: Vanguard

text: Vanguard

text: Richard Robert

text: Vanguard Natural Resources, LLC

text: Vanguard Natural Resources, LLC

text: Vanguard

text: Vanguard Natural Resources, LLC

text: Vanguard Natural Resources, LLC


text:
EX-99.1
3
pressreleasetxt.txt
MSGI SECURITY SOLUTIONS ACQUIRES AONET INTERNATIONAL SRL
Leading Italy-Based Company Delivers State-of-the-Art Data Center
For Safeguarding Transmissions in Law Enforcement and
Global Commerce Applications
New York, New York, June 2, 2005 - MSGI Security Solutions, Inc. (Nasdaq: MSGI)
today announced that it has taken the second in a series of material events to
expand its presence in Europe by acquiring AONet International, SrL., a leading
Milan-based application infrastructure service provider.
AONet (Always On Networks) represents the infrastructural centerpiece of the
MSGI service offerings, which are focused on gathering - and disseminating -
intelligence for global law-enforcement and anti-terrorism initiatives. MSGI is
strategically focused on devising product and service solutions to strengthen
public safety and homeland security. The AONet acquisition will directly support
the company's strategic plan and corporate growth objectives.
The AONet Data Center has been significantly upgraded to keep pace with clients'
ever-increasing requirements for secure data housing and transmissions. More
than 8 million Euros (approximately $10 million) has been invested in the
facility to achieve the highest levels of data security and technological
durability. AONet concluded its first year of business in 2004 with sales of 2.5
million Euros (approximately $3 million) operating profitably. Financial due
diligence was conducted by the accounting firm of Ernst & Young.
As an application infrastructure service provider, AONet International's
outsourcing business supports information and communication technology processes
for clients throughout Italy. Specifically, the AONet Data Center, which has 54
employees, supports application hosting, network solution design and management,
remote service and on-site support, managed security, and disaster recovery and
business continuity. The secure facility consists of 4 floors representing more
than 25,000 square feet. Jeremy Barbera, Chairman and CEO of MSGI Security
Solutions, said, "The acquisition of AONet International represents a vital new
addition to our technology-based service offerings. Chief among AONet's assets
is its state-of-the-art Data Center. This impressive facility will be utilized
by MSGI's public and private sector clients to catalog, house, and securely
disseminate critical information employed in law enforcement and public safety
applications, as well as in international commerce. "Not only will this
acquisition accelerate the consolidation of our operating activities in Italy,
it will also expedite our strategic expansion throughout Europe and the United
States", Mr. Barbera added.
Powerful synergies exist between AONet International and MSGI Security
Solutions' existing businesses. AONet will continue to work closely with Excelsa
SpA; one of Europe's leading providers of outsourced video surveillance and
security solutions for both civilian and military services customers. The most
immediate opportunity will be derived from the lawful interception platform
which includes a fully featured and easy-to-use means of gathering intelligence
over telephony communications. Additionally, Excelsa is the OEM provider of IP
video surveillance services for Telecom Italia, including content storage in
secure Data Centers.
AONet will also build new programs with Innalogic LLC - MSGI's wireless software
development and network engineering firm. Innalogic, which works with clients
such as the U.S. Department of Homeland Security, specializes in developing
secure, encrypted software that delivers rich-media content (video, audio,
biometric, sensor data, etc.) to wirelessly enabled mobile devices over wireless
or wired networks. Innalogic is now finalizing development of a proprietary
software encryption product, which is designed to maximize data security within
wireless devices.
About AONet International Srl:
AONet International (http://www.aonet.it) is a leading provider of outsourced IT
infrastructure, Operating System & Database application know-how, as well as ASP
Enabling and 24x7 Business Continuity (redundancy, security) services. Users of
AONet services include government agencies, large corporate accounts and medium
and small firms. For more details in English, download the Company Brochure at:
http://www.msgisecurity.com/contact
About MSGI:
MSGI Security Solutions, Inc. (Nasdaq: MSGI) is an international proprietary
solutions provider developing a combination of innovative emerging businesses
that leverage information and technology. MSGI is principally focused on the
homeland security, public safety and law-enforcement services industry. The
Company is headquartered in New York City, and has regional offices in
Washington DC; and Milan, Italy. MSGI acquires material interests in high-growth
technology and software development businesses. These firms are led by
successful entrepreneurs and experienced management teams that have developed
end-to-end client solutions that meet current and emerging market needs.
The Company is currently comprised of three operating companies and a
significant unconsolidated investment which collectively deliver a powerful
array of strategic synergies for cross-selling and joint product development.
MSGI is engaged in an ongoing corporate growth program whose focus is
acquisitions, strategic alliances and co-branding relationships in the United
States and Europe. More information on MSGI is available on the Company's
website at: http://www.msgisecurity.com.
* * *

text: MSGI SECURITY SOLUTIONS

text: AONET INTERNATIONAL SRL

text: MSGI Security Solutions, Inc.

text: MSGI

text: AONet International, SrL.

text: AONet

text: MSGI

text: MSGI

text: AONet

text: AONet

text: AONet

text: AONet International

text: AONet

text: Jeremy Barbera

text:
MSGI Security
Solutions

text: AONet International

text: AONet

text: MSGI

text: AONet International

text:
MSGI Security
Solutions

text: AONet

text: AONet

text: MSGI

text: AONet International Srl

text: AONet International

text: AONet

text: MSGI

text: MSGI Security Solutions, Inc.

text: MSGI

text: MSGI

text: MSGI

text: MSGI

text: MSGI


text:
EX-99.1
2
dealclosingrelease010118.htm
EXHIBIT 99.1
Exhibit
Exhibit 99.1
Union Bankshares Corporation Completes Acquisition of Xenith Bankshares, Inc.
Richmond, Va., January 1, 2018 - Union Bankshares Corporation ("Union") today announced the completion of its acquisition of Xenith Bankshares, Inc. ("Xenith"). The combination creates a Virginia headquartered independent regional bank for the first time in nearly 20 years.
Under the terms of the merger agreement, Xenith shareholders received 0.9354 shares of Union common stock in exchange for each share of Xenith common stock they owned, with cash paid in lieu of fractional shares.
"Today marks the start of something remarkable for businesses and consumers in Virginia, Maryland and North Carolina - an independent regional bank headquartered in the Commonwealth", said John C. Asbury, president and chief executive officer of Union. "We believe that our two companies are stronger together and the combination gives Union a unique franchise to create long term shareholder value. We expect that our combined statewide footprint will bring additional convenience to our customers and position us as a strong competitor against large regional institutions and smaller community banks alike - making us the preeminent commercial bank headquartered in Virginia.
"The integration work is going well and everything remains on track for a systems conversion in late May 2018. Our teammates have been working tirelessly to ensure a smooth integration. I want to thank them for their continued customer focus during this transition period".
Pursuant to the merger agreement, Patrick E. Corbin and Thomas G. Snead have been named to the Board of Directors of Union Bankshares Corporation. Corbin, 63, has been the Managing Shareholder of Corbin & Company, P.C. since 1983 and has been a CPA since 1979. Snead, 64, was the former Chairman and CEO of Trigon Blue Cross/Blue Shield in Richmond and later CEO of Anthem, Inc., Southeast Region, a managed care and health insurance company.
Based on financial information reported as of September 30, 2017, the combined company would have total assets of approximately $12.3 billion, deposits of approximately $9.5 billion and loans of approximately $9.3 billion. Union will separately operate the former Xenith Bank branches as Xenith Bank, a division of Union Bank & Trust of Richmond, Virginia until systems conversion in late May 2018.
ABOUT UNION BANKSHARES CORPORATION
Headquartered in Richmond, Virginia, Union Bankshares Corporation (NASDAQ: UBSH) is the holding company for Union Bank & Trust, which has 151 banking offices, 40 of which are operated as Xenith Bank, a division of Union Bank & Trust of Richmond, Virginia, and approximately 220 ATMs located throughout Virginia, Maryland and North Carolina. Union Bank & Trust also operates Shore Premier Finance, a specialty marine lender. Non-bank affiliates of the holding company include: Union
Mortgage Group, Inc., which provides a full line of mortgage products, Old Dominion Capital Management, Inc., which provides investment advisory services, and Union Insurance Group, LLC, which offers various lines of insurance products.
Additional information on the Company is available at http://investors.bankatunion.com.
Contact: Bill Cimino (804) 448-0937, VP and Director of Investor Relations
FORWARD-LOOKING STATEMENTS
Certain statements in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that include projections, predictions, expectations, or beliefs about future events or results or otherwise are not statements of historical fact, are based on certain assumptions as of the time they are made, and are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Such statements are often characterized by the use of qualified words (and their derivatives) such as "expect", "believe", "estimate", "plan", "project", "anticipate", "intend", "will", "may", "view", "opportunity", "potential", or words of similar meaning or other statements concerning opinions or judgment of Union or its management about future events. Such statements include statements as to the anticipated benefits of the merger as well as other statements regarding the merger. Although Union believes that its expectations with respect to forward-looking statements are based upon reasonable assumptions within the bounds of its existing knowledge of its business and operations, there can be no assurance that actual results, performance, or achievements of Union will not differ materially from any projected future results, performance, or achievements expressed or implied by such forward-looking statements. Actual future results and trends may differ materially from historical results or those anticipated depending on a variety of factors, including but not limited to: (1) the businesses of Union and Xenith may not be integrated successfully or such integration may be more difficult, time-consuming or costly than expected; (2) expected revenue synergies and cost savings from the merger may not be fully realized or realized within the expected time frame; (3) revenues following the transaction may be lower than expected; (4) customer and employee relationships and business operations may be disrupted by the transaction; (5) changes in interest rates, general economic conditions, tax rates, legislative/regulatory changes, monetary and fiscal policies of the U.S. government, including policies of the U.S. Treasury and the Board of Governors of the Federal Reserve System; the quality and composition of the loan and securities portfolios; demand for loan products; deposit flows; competition; demand for financial services in the companies' respective market areas; their implementation of new technologies; their ability to develop and maintain secure and reliable electronic systems; and accounting principles, policies, and guidelines, and (6) other risk factors detailed from time to time in filings made by Union with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made and Union undertakes no obligation to update or clarify these forward-looking statements, whether as a result of new information, future events or otherwise.
###

text: Bankshares Corporation

text: Xenith Bankshares, Inc.

text: Union Bankshares Corporation

text: Xenith Bankshares, Inc.

text: John C. Asbury

text: Union Bankshares Corporation

text: UNION BANKSHARES CORPORATION

text: Union Bankshares Corporation


text:
EX-99.1
3
s101570_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
GREENPRO CAPITAL CORP. Announces Acquisition of Affiliate
Investment Holding Company, Greenpro Resources Limited
On July 28, 2015, Greenpro Capital Corp. (OTCQB: GRNQ) today
announced that it has entered into a Sale and Purchase Agreement (the "Agreement") with its affiliate, Greenpro Resources
Limited("GRBV"), pursuant to which GRNQ acquired 100% of the outstanding shares of GRBV. In consideration for the acquisition
of GRBV, shares and net assets, GRNQ agreed to issue 9,070,000 shares of the common stock of the Company and pay US$25,500 in cash,
for an aggregate purchase price of US$3,200,000, to the shareholders of GRBV. The closing is occurred on July 31, 2015.
GRNQ's Chief Executive Officer Lee Chong Kuang stated "We
are pleased to announce that we will acquire an investment holding company involving businesses and assets. This transaction could
provide a source of revenue for the Company and broaden the range of our services. Going forward, GRNQ plans to extend the business
to Southern East Asian countries like Singapore, Thailand, Malaysia to capture more business opportunities.
The GRNQ board of directors has unanimously approved the transaction
and GRNQ does not require, and the transaction is not subject to, approval by the shareholders of GRNQ.
Lee Chong Kuang, our Chief Executive
Officer, President and director, is also the Chief Executive Officer, President and director of GRBV. Mr. Lee holds 44.6% of our
issued and outstanding securities and 50% of the issued and outstanding securities of GRBV. Gilbert Loke Che Chan, our Chief Financial
Officer, Secretary and director, is also the Chief Financial Officer and director of GRBV. Mr. Loke holds 44.6% of our issued and
outstanding securities and 50% of the issued and outstanding securities of GRBV.
The terms of the transaction are more
fully described by Greenpro Capital Corp. in a current report on Form 8-K to be filed with the United States Securities and Exchange
Commission.
About Greenpro Resources Limited (GRBV)
Greenpro Resources Limited is registered in the British Virgin
Islands, and is an investment holding company. It holds assets such as properties and companies that providing corporate advisory
services.
About Greenpro Capital Corp. (GRNQ)
GREENPRO CAPITIAL CORP. (f.k.a. GREENPRO
INC) (OTCQB: GRNQ) provides financial services to companies located in Asia and Southeast Asia, including high value professional
services such as Corporate Strategic Planning, Corporate Value Capitalization, Cross Border Listing, and Venture Capital. It also
operates and provides solution services varying from cloud system solution, financial consulting services and corporate accounting
services. GreenPro seeks to capitalize on its client's products/services values, and market values. Learn more at: http://www.greenprocapital.com
.
Forward-Looking Statements
This release contains forward-looking statements. These statements
involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements
to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements.
In some cases, you can identify forward looking statements by terms such as "anticipates", "believes", "could,"
"estimates", "expects", "intends", "may", "plans", "potential", "predicts,"
"projects", "should", "would" and similar expressions intended to identify forward-looking statements.
Forward-looking statements reflect our current views with respect to future events and are based on assumptions and are subject
to risks and uncertainties. Given these uncertainties, you should not place undue reliance on forward-looking statements. Also,
forward-looking statements represent our estimates and assumptions only as of the date of this release. In evaluating such statements,
prospective investors should review carefully various risks and uncertainties identified in this release and matters set forth
in the Company's SEC filings. Except as required by law, we assume no obligation to update any forward-looking statements publicly,
or to update the reasons actual results could differ materially from those anticipated in any forward-looking statements, even
if new information becomes available in the future.
For Investor Relations:
Greenpro Capital Corp.
Suite 2201, 22/F., Malaysia Building 50 Gloucester Road, Wanchai,
Hong Kong
Attention: Mr. Gilbert Loke
Chief Financial Officer
Telephone: +852 3111 7718
ir@greenprocapital.com
www.greenprocapital.com

text: GREENPRO CAPITAL CORP.

text: Greenpro Resources Limited

text: Greenpro Capital Corp.

text: GRNQ

text:
Greenpro Resources
Limited

text: GRBV

text: GRNQ

text: GRBV.

text: GRBV

text: GRNQ

text: GRBV.

text: GRNQ

text: GRNQ

text: GRNQ

text: GRNQ

text: GRNQ

text: GRBV.

text: GRBV.

text: Gilbert Loke

text: GRBV.

text: GRBV.

text: Greenpro Capital Corp.

text: Greenpro Resources Limited

text: GRBV

text: Greenpro Resources Limited

text: Greenpro Capital Corp.

text: GRNQ

text: GRNQ

text: Greenpro Capital Corp.

text: Gilbert Loke


text:
EX-99.1
4
ex99-1.htm
Exhibit 99.1
For Immediate Release
Sumitomo Life Insurance Company Completes Acquisition of
Symetra Financial Corporation
BELLEVUE, Wash.-(Feb. 1, 2016)-Symetra Financial Corporation ("Symetra") today announced the completion of the acquisition of Symetra by Sumitomo Life Insurance Company ("Sumitomo Life") in accordance with the terms of the previously announced Agreement and Plan of Merger, dated Aug. 11, 2015, among Symetra, Sumitomo Life and SLIC Financial Corporation, a wholly owned subsidiary of Sumitomo Life. As a result of the merger, each outstanding share of common stock of Symetra was converted into the right to receive $32.00 per share in cash, without interest, and less any applicable withholding taxes, and Symetra has become a wholly owned subsidiary of Sumitomo Life. Shares of Symetra common stock will no longer be listed for trading on the New York Stock Exchange.
Please visit
www.symetra.com
for further information, including information regarding the payment of the merger consideration.
About Sumitomo Life
Sumitomo Life, founded in 1907 and headquartered in Tokyo and Osaka, Japan, is a leading life insurer in Japan with multi-channel, multi-product life insurance businesses. Sumitomo Life provides traditional mortality life insurance, nursing care, medical care and retirement plans through sales representatives, insurance outlets, the Internet and bancassurance. As of March 31, 2015, Sumitomo Life had $229 billion in assets, approximately 6.8 million customers and 42,000 employees.
About Symetra
Symetra Financial Corporation is a diversified financial services company based in Bellevue, Wash. In business since 1957, Symetra provides employee benefits, annuities and life insurance through a national network of benefit consultants, financial institutions and independent agents and advisors. For more information, visit
www.symetra.com
.
Cautionary Statement Regarding Forward-Looking Statements
Statements in this communication regarding future financial and operating results, future capital structure and liquidity, benefits and synergies of the transaction, future opportunities for the combined company, general business outlook and any other statements about the future expectations, beliefs, goals, plans or prospects of the board or management of Symetra constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing the words "expects", "intends", "anticipates", "estimates", "predicts", "believes", "should", "potential", "may", "forecast", "objective", "plan", or "targets", and other similar expressions) are intended to identify forward-looking statements. There are a number of factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including: the potential impact of the announcement or consummation of the transaction on relationships, including with employees, suppliers and customers, and any related impact on integration and anticipated synergies, and the other factors and financial, operational and legal risks or uncertainties described in Symetra's public filings with the SEC, including the "Risk Factors" and "Forward-Looking Statements" sections of Symetra's Annual Report on Form 10-K for the year ended December 31, 2014 and subsequent Quarterly Reports on Form 10-Q. Symetra disclaims any intention or obligation to update
or revise any forward-looking statement as a result of any development occurring after the date of this document except as required by law.
Contact:
Symetra Financial Corp.
Investor Relations:
Karin G. Van Vleet
(425) 256-5351
Karin.vanvleet@symetra.com
# # #

text: Sumitomo Life Insurance Company

text: Symetra Financial Corporation

text: Symetra Financial Corporation

text: Symetra

text: Sumitomo Life

text: Symetra

text: Sumitomo Life

text: Sumitomo Life

text: Symetra

text: Symetra

text: Sumitomo Life

text: Symetra

text: Sumitomo Life

text: Sumitomo Life

text: Sumitomo Life

text: Sumitomo Life

text: Symetra

text: Symetra Financial Corporation

text: Symetra

text: Symetra

text: Symetra

text: Symetra

text: Symetra


text:
EX-99
2
mm03-1008_8ke991.txt
EXHIBIT 99.1
L-1 IDENTITY SOLUTIONS CLOSES ACQUISITION OF BIOSCRYPT
ADDS ENTERPRISE PHYSICAL AND LOGICAL ACCESS CONTROL TO L-1 SOLUTION PORTFOLIO
STAMFORD, Conn., Mar 05, 2008 (BUSINESS WIRE) -- L-1 Identity Solutions, Inc.
(NYSE: ID), a leading provider of identity solutions and services, today closed
the acquisition of Bioscrypt Inc. in a stock-for-stock transaction. Bioscrypt,
now a wholly-owned subsidiary of L-1 Identity Solutions Operating Company, adds
a new market opportunity for L-1 in the area of enterprise physical and logical
access control.
Based on the purchase price formula agreed to by the parties and approved by
Bioscrypt's security holders, L-1 will issue approximately 2.6 million shares,
of which 2.5 million were issued at closing, in exchange for 100 percent of
Bioscrypt's outstanding shares.
Bioscrypt is expected to add $20.0 million in revenue and be Adjusted EBITDA
neutral in 2008. It is expected to be Adjusted EBITDA accretive in 2009.
Bioscrypt has over 400 global customers and an installed base of over 260,000
access control units. In addition, Bioscrypt's VeriSoft software application is
now included on more than 20 million HP computers and its 3D facial recognition
from the A 4 Vision Inc. acquisition is used by the largest casino in the world
to provide access control for over 12,000 employees.
About L-1 Identity Solutions
L-1 Identity Solutions, Inc. (NYSE: ID), together with its portfolio of
companies, offers a comprehensive set of products and solutions for protecting
and securing personal identities and assets. Leveraging the industry's most
advanced multi-modal biometric platform for finger, face and iris recognition,
our solutions provide a circle of trust around all aspects of an identity and
the credentials assigned to it -- including proofing, enrollment, issuance and
usage. With the trust and confidence in individual identities provided by L-1
Identity Solutions, government entities, law enforcement and border management
agencies, and commercial enterprises can better guard the public against global
terrorism, crime and identity theft fostered by fraudulent identity. L-1
Identity Solutions is headquartered in Stamford, CT. For more information, visit
www.L1ID.com.
ID-L
Forward Looking Statements
This news release contains forward-looking statements that involve risks and
uncertainties. Forward-looking statements in this press release and those made
from time to time by L-1 Identity Solutions through its senior management are
made pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements reflect the Company's current
expectations based on management's beliefs and assumptions and information
currently available and actual results could differ materially from these
expectations. Certain factors that could cause or contribute to such differences
include, among other things, the availability of Government funding for Company
technology, products and services, general economic and political conditions and
the unpredictable nature of working with Government customers. Additional risks
and uncertainties are described in the Securities and Exchange Commission
filings of the L-1 Identity Solutions, including the Company's Annual Report on
Form 10-K for the year ended December 31, 2007. L-1 Identity Solutions expressly
disclaims any intention or obligation to update any forward-looking statements.
SOURCE: L-1 Identity Solutions, Inc.
L-1 Identity Solutions
Doni Fordyce, 203-504-1109
dfordyce@L1ID.com
Copyright Business Wire 2008
News Provided by COMTEX

text: L-1 IDENTITY SOLUTIONS

text: BIOSCRYPT

text: L-1 Identity Solutions, Inc.

text: Bioscrypt Inc.

text: Bioscrypt

text: L-1 Identity Solutions

text: Bioscrypt

text: Bioscrypt

text: Bioscrypt

text: Bioscrypt

text: Bioscrypt

text: L-1 Identity Solutions

text: L-1 Identity Solutions, Inc.

text:
L-1
Identity Solutions

text:
L-1
Identity Solutions

text: L-1 Identity Solutions

text: L-1 Identity Solutions

text: L-1 Identity Solutions

text: L-1 Identity Solutions, Inc.

text: L-1 Identity Solutions