text:
EX-99.1
16
d196379dex991.htm
EX-99.1
EX-99.1
Exhibit 99.1
AvePoint Closes Business Combination; to Begin Trading on Nasdaq as "AVPT"
JERSEY CITY, N.J.-July 1, 2021-
AvePoint, Inc. ("AvePoint" or the "Company"), the largest Microsoft 365 data management
solutions provider, announced today the completion of its previously announced business combination with Apex Technology Acquisition Corporation ("Apex"), a publicly traded special purpose acquisition company or SPAC.
Apex shareholders approved the transaction at its stockholder's meeting held on June 30, 2021. The combined company is expected to begin trading on
The Nasdaq Capital Market on July 2, 2021, under the ticker symbol "AVPT" for AvePoint common stock and "AVPTW" for AvePoint warrants.
"The way we work will never be the same and it continues to evolve", said Dr. Tianyi "TJ" Jiang,
Co-Founder
and CEO of AvePoint. "While collaboration within the cloud grows at an exceptional rate, the promise of digital transformation is only in its infancy. As the largest Microsoft 365 data
management solutions provider with two decades worth of reimagining how companies work, AvePoint is uniquely positioned to capitalize on this moment in time".
The business combination provides an influx of cash to drive accelerated investment in product innovation, channel marketing, international market expansion
and customer success initiatives. The Company remains debt-free and is now one of eight public software companies with at least $150 million in annual revenue, 25% YoY growth and a 10% EBITDA
margin
1
.
"The future of work is hybrid, and AvePoint solutions for Microsoft 365 and Teams are
transforming the ways in which people collaborate and get work done today", said Casey McGee, Vice President, Global ISV Sales, Microsoft. "There are tremendous growth opportunities for Partners like AvePoint who are enabling secure and
compliant collaboration for businesses around the world".
AvePoint's senior management team, including CEO TJ Jiang, will continue to lead the
combined company. Jeff Epstein and Brad Koenig,
Co-CEOs
of Apex, will join AvePoint's Board of Directors as a director and an advisor, respectively.
"Given AvePoint's leadership in digital collaboration security and data management for Microsoft 365, the company is uniquely positioned to benefit
from the shift to remote work collaboration and enterprise cloud adoption", said Epstein,
Co-CEO
of Apex and AvePoint Board Director.
"We believe that AvePoint's attractive growth combined with its financial profile gives the company the opportunity to generate significant
long-term shareholder value as a publicly traded company", said Koenig,
Co-CEO
of Apex and AvePoint Board Advisor.
1
Companies listed on NYSE or NASDAQ. Based on LYM results for most recent reported quarter. Source: Capital IQ
Transaction Overview
AvePoint received approximately $492 million in gross proceeds comprised of Apex's $352 million of cash held in trust following de minimis
public stockholder redemptions and $140 million from an ordinary share private investment in public equity (PIPE), excluding transaction fees. The PIPE was anchored by investors including but not limited to Federated Hermes Kaufman Small Cap
Fund, Franklin Templeton, Phoenix Insurance Limited and Singapore-based global investor EDBI.
Advisors
Evercore Group L.L.C. ("Evercore") served as financial advisor to AvePoint. Citigroup Global Markets Inc. ("Citi"), Goldman
Sachs & Co. LLC ("Goldman Sachs"), Evercore and Cowen Inc. served as capital markets advisors to AvePoint. William Blair & Company served as a financial advisor to Apex. Cantor Fitzgerald, L.P. served as a capital market
advisor to Apex. Goldman Sachs, Citi and Evercore served as private placement agents to Apex. Cooley LLP served as legal counsel to AvePoint. Latham & Watkins LLP and Ellenoff Grossman & Schole LLP served as legal counsel to Apex.
Goodwin Procter LLP served as legal counsel to the private placement agents.
About AvePoint
AvePoint enables customers to collaborate with confidence. AvePoint's data management solutions help its diverse, global customer base overcome complex
transformation, governance and compliance challenges in the Microsoft cloud. A five-time winner of the Global Microsoft Partner of the Year award, AvePoint offers the only full suite of SaaS solutions to migrate, manage and protect data in Microsoft
365. More than 7 million cloud users, including a quarter of the Fortune 500, rely on AvePoint's solutions. AvePoint's SaaS solutions are also available to managed service providers, so they can better support and manage their small
and
mid-sized
business customers. Its multi-tenant solutions are available from over a dozen distributors in more than 100 cloud marketplaces worldwide. Founded in 2001, AvePoint is headquartered in Jersey
City, New Jersey. For more information, visit
https://www.avepoint.com
.
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the federal securities laws including statements regarding the expected
listing of the combined company's stock on the Nasdaq Capital Market, and the future performance of and market opportunities for the combined company. These forward-looking statements generally are identified by the words "believe,"
"project", "expect", "anticipate", "estimate", "intend", "strategy", "future", "opportunity", "plan", "may", "should", "will,"
"would", "will be", "will continue", "will likely result", and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current
expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to:
changes in the competitive and regulated industries in which AvePoint operates, variations in operating performance across competitors, changes in laws and regulations affecting AvePoint's business and changes in AvePoint's ability to
implement business plans, forecasts, and to identify and realize additional opportunities, and the risk of downturns in the market and the technology industry. You should carefully consider the foregoing factors and the other risks and uncertainties
described in the "Risk Factors" section of the registration statement on Form
S-4
and other
documents filed by Apex prior to the date hereof and other documents to be filed by AvePoint from time to time with the SEC. These filings identify and address other important risks and
uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance
on forward-looking statements, and neither AvePoint, Apex, nor the combined company assume any obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
Neither AvePoint, Apex, nor the combined company gives any assurance that either AvePoint or Apex, or the combined company, will achieve its expectations.
Media Contact:
Nicole Caci
Nicole.caci@avepoint.com
;
201-201-8143
Investor Contact:
AvePoint, Inc.
Erica Mannion
Sapphire Investor Relations, LLC.
ir@avepoint.com
617-542-6180
1)
Companies listed on NYSE or NASDAQ. Based on LTM results for most recent reported quarter. Source: Capital IQ

text: AvePoint

text: AvePoint, Inc.

text: AvePoint

text: Apex Technology Acquisition Corporation

text: SPAC

text: AvePoint

text: AvePoint

text: AvePoint

text: AvePoint

text: AvePoint

text: AvePoint

text: AvePoint

text: AvePoint

text: AvePoint

text: AvePoint

text: AvePoint

text: AvePoint

text: AvePoint

text: Evercore Group L.L.C.

text: Evercore

text: AvePoint

text: Citigroup Global Markets Inc.

text: Citi

text:
Goldman
Sachs & Co. LLC

text: Goldman Sachs

text: Evercore and Cowen Inc.

text: AvePoint

text: William Blair & Company

text: Cantor Fitzgerald, L.P.

text: Goldman Sachs

text: Citi

text: Evercore

text: Cooley LLP

text: AvePoint

text: Latham & Watkins LLP

text: Ellenoff Grossman & Schole LLP

text: Goodwin Procter LLP

text: AvePoint

text: AvePoint

text: AvePoint

text: AvePoint

text: AvePoint

text: AvePoint

text: AvePoint

text: AvePoint

text: AvePoint

text: AvePoint

text: AvePoint

text: AvePoint

text: AvePoint

text: AvePoint

text: AvePoint, Inc.


dataset: buster

text:
EX-99
7
trycera-exhibit99_1.txt
EXHIBIT 99.1 NOVEMBER 8, 2004 PRESS RELEASE
Trycera Financial announces the asset purchase of Signature Credit
Corporation
Newport Beach, CA. (Business Wire) - November 8, 2004 - Trycera Financial
today announced that it has closed an Asset Purchase Agreement with
Signature Credit Corporation based in Santa Ana, California. Signature
Credit is a direct mail and online advertising company. Under current
operations, Signature Credit Corporation markets catalog shopping cards and
a broad range of products and services to a diverse consumer base
consisting of more than 30,000 active accounts.
Trycera Financial plans to use the assets purchased to more quickly grow
its recently launched in-house catalog shopping card program marketed under
the Tru Platinum Card brand. In addition, Trycera will continue to
actively market Signature Credit Corporation's catalog card marketed under
the Classic Advantage Card brand. Furthermore, the Signature Credit assets
will also facilitate integration of proprietary technology and management
solutions within Trycera Financial, serving as the basis for management of
both the Tru Platinum and Classic Advantage catalog shopping card programs.
Trycera Financial President and CEO Matt Kerper commented, "The asset
purchase of Signature Credit offers organic revenue growth and
consumer-direct marketing expertise. The successful signing of the asset
purchase agreement serves as a validation of our management team's
execution of our broader financial products strategy and overall commitment
to success for our shareholders. We continue to pursue candidates that fit
into our acquisition-integration-execution strategy in effort to becoming a
leader in the financial services arena".
About Trycera Financial, Inc.
Trycera Financial is a publicly reporting financial services company
specializing in serving the needs of self-banked consumers. Within the
scope of the company's business model, Trycera is focused on four primary
channels: consumer-based stored-value products, private-label catalog
shopping cards, customized stored-value program management and accretive
acquisitions of synergistic product and service providers. In addition to
the newly acquired Classic Advantage Card program, Trycera Financial
operates the Tru Platinum Card program and is preparing to launch three
association-branded stored value debit card products in the fourth quarter
of 2004. For more information, visit the company's Web sites at
www.truplatinum.com or www.trycera.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act
of 1995: With the exception of historical information, the statements set
forth above include forward-looking statements that involve risk and
uncertainties. The company wishes to caution readers that a number of
important factors could cause actual results to differ materially from
those in the forward-looking statements. Those factors include but are not
limited to the risk factors noted in the company's filings with the
Securities & Exchange Commission, such as the changes in federal, state or
municipal laws governing the distribution and performance of financial
services; a general economic downturn; our startup phase of operations;
reliance on third-party processors and product suppliers; the inability to
locate suitable acquisition targets; and other risks and uncertainties.
Should any of these risks or uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary materially
from those described in this report as anticipated, estimated or expected.
Contacts:
Company:
Bryan Kenyon, CFO
Trycera Financial, Inc.
(949) 273-4300
info@trycera.com
Or
Jason Daggett (Investors/Media)
(714) 264-7975
stockinfo@trycera.com

label: organization

text: Trycera Financial

text:
Signature Credit
Corporation

text: Trycera Financial

text: Signature Credit Corporation

text:
Signature
Credit

text: Signature Credit Corporation

text: Trycera Financial

text: Signature Credit Corporation

text: Signature Credit

text: Trycera Financial

text: Trycera Financial

text: Signature Credit

text: Trycera Financial

text: Trycera Financial

text: Trycera Financial

label: person

text: Bryan Kenyon

text: Trycera Financial

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
4
soho-ex991_7.htm
EX-99.1
soho-ex991_7.htm
Exhibit 99.1
THURSDAY, FEBRUARY 9, 2017
SOTHERLY HOTELS INC. COMPLETES SALE OF
HAMPTON, VIRGINIA HOTEL
Williamsburg, Virginia - February 9, 2017 -
Sotherly Hotels Inc.
(NASDAQ: SOHO)
(the "Company") today announced that it has closed on the sale of the Crowne Plaza Hampton Marina Hotel (the "Hotel") in Hampton, Virginia for $5.65 million.
"We are pleased with the sale of the Crowne Plaza Hampton Marina", noted Drew Sims, Chairman and Chief Executive Officer of the Company. "This hotel was identified as an asset that no longer fit the strategic objectives of the Company. This disposition allows us to focus additional attention on growing our core portfolio and creating the most value for our shareholders over the long-term".
The Company used proceeds from the sale of the Hotel to repay the existing first mortgage on the Hotel and intends to use the remaining proceeds for general corporate purposes.
About
Sotherly Hotels Inc.
Sotherly Hotels Inc. is a self-managed and self-administered lodging REIT focused on the acquisition, renovation, upbranding and repositioning of upscale and upper-upscale full-service hotels in the Southern United States. Currently, the Company's portfolio consists of investments in eleven hotel properties, comprising 2,838 rooms, and an interest in the Hyde Resort & Residences, a 400-unit luxury condo-hotel. Most of the Company's properties operate under the Hilton Worldwide, InterContinental Hotels Group and Marriott International, Inc. brands. Sotherly Hotels Inc.
was organized in 2004 and is headquartered in Williamsburg, Virginia. For more information, please visit www.sotherlyhotels.com.
Contact at the Company:
Scott Kucinski
Sotherly Hotels Inc.
410 West Francis Street
Williamsburg, Virginia 23185
(757) 229-5648

text: SOTHERLY HOTELS INC.

text: Sotherly Hotels Inc.

text: Drew Sims

text: Sotherly Hotels Inc.

text: Sotherly Hotels Inc.

text: Sotherly Hotels Inc.

text: Sotherly Hotels Inc.


text:
EX-99.1
8
tm2130844d1_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
CONTACT:
Linda Flynn, (212) 235-2191
Linda.Flynn@tphs.com
Trinity Place Holdings Refinances 77 Greenwich
Occupancy at the 90-unit luxury condominium
has begun
Company Closes Private Placement of Common
Stock and Announces Key Dates for Rights Offering
NEW YORK, NY (October 25, 2021).
Trinity Place Holdings Inc.
(NYSE American: TPHS) (the "Company") announced that it had entered into an inventory loan provided by Macquarie Capital,
the advisory, capital markets and principal investment arm of Macquarie Group, the global financial services firm. Proceeds from the loan,
which has a two-year term with an additional one-year extension option, were used to repay the 77 Greenwich construction loan and will
support the final closeout of construction and further sellout efforts at the luxury mixed-use development.
"We are nearing completion on this new trophy asset in Lower
Manhattan and the building looks spectacular", said Matthew Messinger, President & CEO of Trinity Place Holdings Inc. "The
loan from Macquarie gives us the flexibility to maximize the value of the asset in this vastly improving residential sales market. We
are honored to be partnering with a lender of Macquarie's stature in this final phase of 77 Greenwich's development as we
continue to sell units and residents move into the building".
"We are very selective and are incredibly excited to support
the full sellout of this unique mixed-use building being executed by a high caliber team at Trinity Place Holdings, in an ever more vibrant
Downtown neighborhood", said Jackie Hamilton, Global Co-Head, Real Estate Principal Investing at Macquarie Capital.
Messinger also noted that "third quarter home sales in Manhattan
were the highest in 32 years, and have been especially active at the high end. Home sales above $4 million have increased by 133% since
the same period in 2019. As international travel reopens next month and companies set a return-to-work date early next year, we remain bullish on Downtown Manhattan." He
added, "I would also like to thank Mass Mutual for being our partner on the construction phase through the pandemic".
In connection with the loan, affiliates of or funds managed by long-time
investors MFP Partners and Third Avenue Management provided equity funding in a private placement, with the Company's mezzanine
lender, an affiliate of its corporate lender and a global institutional asset management firm, providing additional mezzanine financing.
A rights offering will be made to all shareholders on the same terms as the private placement.
77 Greenwich Development Project ("Jolie On Greenwich")
·
The Company's Lower Manhattan luxury mixed-use development is nearing completion.
·
Residential unit closings have begun and the building is home to its first residents. Additional closings are scheduled over the next
several months.
·
Sales
continue to be led by Ryan Serhant and the Serhant. New Development Team. For more information
visit
www.JolieonGreenwich.com
.
·
In addition to 90 residential condominium units starting at 150' above street level - all with water views of New York
Harbor and the Hudson River - the development includes an approximately 7,500 square foot retail unit owned by the Company, a portion
of which has been leased, and a newly constructed elementary school.
·
The NYC School Construction Authority (SCA) is finishing the interior buildout
of the new elementary school at the base of the building, which was conveyed to the SCA in April 2020. The school is anticipated to open
in September 2022 with capacity for approximately 476 students.
Steven Klein, Geoff Goldstein and Alex Staikos of JLL acted as exclusive
brokers on this financing transaction.
James P. Godman and Dennis Heyman of Kramer Levin Naftalis & Frankel
LLP represented the Company on the transaction and David Broderick and David Brigleb of McDermott Will & Emery LLP represented
Macquarie on the transaction.
Private Placement and Rights Offering
As noted, the Company sold an aggregate of 2,539,473 shares of
common stock at a purchase price of $1.90 per share, or $4,825,000 in aggregate proceeds, to affiliates of or funds managed by
long-time investors MFP Partners and Third Avenue Management.
The Company also announced that a record date of November 3, 2021
has been set for a rights offering of its shares of common stock. Upon commencement of the offering, the Company will distribute to
stockholders as of the record date 0.075278 non-transferable subscription rights for each share of common stock held of record as of
5:00 p.m., New York time on November 3, 2021, to purchase their pro rata portion of newly issued shares of its common stock. Each
whole subscription right will entitle the holder to purchase one share of common stock at a subscription price equal to $1.90 per
share. Holders as of the record date will also have oversubscription rights, pursuant to which they may be able to purchase
additional shares at the subscription price to the extent that not all subscription rights are exercised, subject to certain
limitations. The total number of subscription rights issued to each stockholder will be rounded down to the nearest whole number.
The rights may be exercised at any time during the subscription period, which will commence on November 5, 2021. The rights will
expire if not exercised by 5:00 p.m., New York time, on December 3, 2021, unless the Company extends the subscription period. The
Company's Chief Executive Officer has indicated his intention to subscribe in the rights offering for at least 52,631
shares.
The rights offering will be made pursuant to the Company's effective
shelf registration statement on file with the Securities and Exchange Commission (Reg. No. 333-235276). The information herein is not
complete and is subject to change. This press release does not constitute an offer to sell or the solicitation of an offer to buy nor
will there be any sale of any securities referred to in this press release in any state or jurisdiction in which such offer, solicitation
or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. The rights offering
will be made only by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended.
Please see the Company's Current Report on Form 8-K, to be filed
today with the SEC, for additional information on the transactions described in this release.
About Trinity Place Holdings
Trinity Place Holdings Inc. (NYSE American: TPHS)(the
"Company") is a real estate holding, investment, development and asset management company. The Company's largest
asset is currently a property located at 77 Greenwich Street in Lower Manhattan. 77 Greenwich is under development as a mixed-use
project consisting of a 90-unit residential condominium tower, retail space and a New York City elementary school. The Company also
owns a newly built 105-unit, 12-story multi-family property located at 237 11th Street in Brooklyn, New York, and, through joint
ventures, a 50% interest in a newly built 95-unit multi-family property known as The Berkley, located at 223 North 8th Street,
Brooklyn and a 10% interest in a newly built 234-unit multi-family property located one block from The Berkley at 250 North 10th
Street also in Brooklyn, New York. In addition, the Company owns a property occupied by retail tenants in Paramus, New Jersey. In
addition to its real estate portfolio, the Company also controls a variety of intellectual property assets, including Filene's
Basement and related trademarks, focused on the consumer sector, a legacy of its predecessor, Syms Corp. The Company also had
approximately $240.7 million of federal net operating loss carryforwards as well as state and local net operating loss carryforwards
at June 30, 2021, which can be used to reduce its future taxable income and capital gains.
Forward Looking Statements
This press release includes forward-looking statements within the meaning
of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward-looking
statements are based on current expectations and projections about future events and are not guarantees of future performance or results
and involve risks and uncertainties that cannot be predicted or quantified, and, consequently, the actual performance of the Company may
differ materially from those expressed or implied by such forward-looking statements. For a more complete description of these and
other possible risks and uncertainties, please refer to our Annual Report on Form 10-K for the year ended December 31, 2020, as well as
to our subsequent filings with the Securities and Exchange Commission. The forward-looking statements contained herein speak only
as of the date hereof, and we assume no obligation to update any forward-looking statements, whether as a result of new information, subsequent
events or otherwise, except as required by law.
###

text: Trinity Place Holdings Inc.

text: Macquarie Capital

override: organization

text: Matthew Messinger

text: Trinity Place Holdings Inc.

text: Macquarie Capital

text: JLL

text: McDermott Will & Emery LLP

text: Trinity Place Holdings Inc.


text:
EX-99.1
5
a15-2788_1ex99d1.htm
EX-99.1
Exhibit 99.1
Willdan Broadens National Energy Services with Acquisitions of
Energy Efficiency Engineering Companies in Midwest and Pacific Northwest
ANAHEIM, Calif., January 21, 2015
- Willdan Group, Inc. ("Willdan") (NASDAQ: WLDN) today announced that it has completed the acquisitions of two privately-held energy efficiency engineering companies. 360 Energy Engineers ("360 Energy") is a Lawrence, Kansas based leading engineering and energy management consulting firm serving customers in education, healthcare, industry, manufacturing and government. Abacus Resource Management Company ("Abacus") is a Beaverton, Oregon based leading energy efficiency engineering firm in the Pacific Northwest serving primarily utility and municipal clients. Willdan has closed both transactions, which are estimated to add more than $20 million in annual revenue. Both transactions are expected to be accretive to earnings per share on a GAAP basis in 2015. Willdan has acquired both companies for a total consideration valued at approximately $21.2 million, consisting of cash, common stock, promissory notes, and earn-out provisions.
"These strategic acquisitions are right in line with our focus on expanding our Energy Solutions segment into new geographies", said Tom Brisbin, Willdan's Chief Executive Officer. "Both acquisitions have been growing revenue organically at a double digit pace. Their projects are typically larger and have higher margin because they provide a complete turnkey solution including project design, and construction management. They also facilitate project financing through third parties, which is based on energy savings. With 360 Energy, Willdan enters markets throughout central Midwestern and mountain states. Likewise, Abacus strengthens Willdan's presence in the Pacific Northwest. Additionally, both acquisitions significantly strengthen our engineering and construction management expertise. This will enable Willdan to offer our more than 3,000 customers these more comprehensive services. We welcome all of the employees of 360 Energy and Abacus to Willdan".
The cash portions of the transactions were funded under Willdan's amended credit facility with BMO Harris Bank's Engineering and Construction Group. Wedbush Securities acted as Willdan's financial advisor for both transactions. O'Melveny & Myers LLP served as Willdan's legal advisor. Additional details on each acquisition, along with a description of the amendment to Willdan's credit facility, are provided in the Company's Form 8-K filed with the Securities and Exchange Commission on January 21, 2015.
Conference Call
Willdan will host a conference call to discuss the acquisitions today, January 21, 2015 at 4:30 p.m. Eastern Time/1:30 p.m. Pacific Time. Interested parties may participate in the conference call by dialing 888- 452-4023 (719-785-1765 for international callers). When prompted, ask for the "Willdan Group Inc., Acquisition Update." The conference call will be webcast simultaneously on Willdan's website at www.willdan.com under Investors: Events. The telephonic replay of the conference call may be accessed approximately two hours after the call through February 4, 2015 by dialing 888-203-1112 (719-457-0820 for international callers). The replay access code is 5616669. The webcast replay will be archived on Willdan's website.
About Willdan Group, Inc.
Celebrating its 50th year of business, Willdan provides outsourced professional technical and consulting services to public agencies, public and private utilities, and commercial and industrial firms throughout the United States. Willdan benefits from well-established relationships, industry-leading expertise and a solid reputation for delivering projects on time and on budget. The company's service offerings span a broad set of complementary disciplines that include engineering and planning, energy efficiency and sustainability, financial and economic consulting, and national preparedness. Willdan has crafted this set of integrated services so that, in the face of an evolving environment-whether economic, natural, or built-Willdan can continue to extend the reach and resources of its clients. For additional information, visit Willdan's website at www.willdan.com.
About Willdan Energy Solutions
Willdan Energy Solutions develops and implements comprehensive energy solutions nationwide for utilities, commercial entities, and all levels of government. We help our clients realize cost and energy savings by tailoring solutions that serve vertical markets such as data centers, healthcare, lodging, and schools; providing energy reduction plans for large end-user commercial facilities and multi-family residences; and developing and implementing cutting-edge, cost-effective measures for small businesses. Our highly experienced staff works as independent representatives for our clients to deliver the following services:
· Expert analysis of energy consumption
· Identification and implementation of financial strategies, including review of incentives/rebates/grants, tax incentives, low-interest funding sources, and performance contracting alternatives
· Tailored engineering approaches that help customers achieve their energy goals including site surveys, building system upgrades/recommendations, master planning, and incorporation of renewables
· Direct installation and oversight of implementation that ensure proper application of recommended measures
2
· Measurement and verification to track and demonstrate long term results of energy solutions
· Project and program management by highly experienced and credentialed technical staff from conceptual design all the way through full project implementation
About 360 Energy Engineers
360 Energy Engineers provides a broad array of energy-centered engineering services for public and private K-12 schools, higher education institutions, city and county governments, and commercial and industrial building owners. 360 Energy has experience in developing, installing and supporting customized solutions that minimize total life cycle costs, including lower long-term energy and maintenance costs as well as initial capital investment. For additional information, visit 360 Energy's website at www.360energyengineers.com.
About Abacus Resource Management Company
Abacus Resource Management Company is a leading energy engineering firm in the Pacific Northwest serving utility, municipal, university, school and hospital clients. Abacus regularly delivers solutions to reduce customer's energy use by 30% to 50% while making substantial improvements to their facilities. For additional information, visit Abacus's website at www.abacusrm.com.
Forward-Looking Statements
Statements in this press release that are not purely historical, including statements regarding Willdan's intentions, hopes, beliefs, expectations, representations, projections, estimates, plans or predictions of the future are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements involve risks and uncertainties including, but not limited to our ability to expand our service offerings in our Energy Solutions segment and our geographic reach, and continue to win new contracts and maintain the existing contracts for 360 Energy and Abacus. It is important to note that Willdan's actual results could differ materially from those in any such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, a slowdown in the local and regional economies of the states where Willdan conducts business and the loss of or inability to hire additional qualified professionals. Willdan's business could be affected by a number of other factors, including the risk factors listed from time to time in Willdan's SEC reports including, but not limited to, the Annual Report on Form 10-K filed for the year ended December 27, 2013. Willdan cautions investors not to place undue reliance on the forward-looking statements contained in this press release. Willdan disclaims any obligation to, and does not undertake to, update or revise any forward-looking statements in this press release.
3
Contacts:
Willdan Group, Inc.
Stacy McLaughlin, 714-940-6300
Chief Financial Officer
smclaughlin@willdan.com
Or
Investor/Media Contact
Financial Profiles, Inc.
Moira Conlon, 310-478-2700
mconlon@finprofiles.com
4

text: Willdan

text: Willdan Group, Inc.

text: Willdan

text: 360 Energy

text: 360 Energy

text: Abacus

text: Abacus

text: Willdan

text: Willdan

text: Willdan

text: 360 Energy

text: Willdan

text: Abacus

text: Willdan

text: Willdan

text: 360 Energy

text: Abacus

text: Willdan

text: Willdan

text: Wedbush Securities

text: Willdan

text: O'Melveny & Myers LLP

text: Willdan

text: Willdan

text: Willdan

text: Willdan

text: Willdan

text: Willdan Group, Inc.

text: Willdan

text: Willdan

text: Willdan

text: Willdan

text: Willdan

text: Willdan

text: 360 Energy

text: 360 Energy

text: 360 Energy

text: 360 Energy

text: Abacus

text: Abacus

text: Abacus

text: Abacus

text: Willdan

text: 360 Energy

text: Abacus

text: Willdan

text: Willdan

text: Willdan

text: Willdan

text: Willdan

text: Willdan

text: Willdan Group, Inc.


text:
EX-99.1
2
exhibit991.htm
PRESS RELEASE DATED DECEMBER 6, 2013
Exhibit 99.1
Exhibit 99.1
news release
Contact: Domenick Cama ISBC
(973) 924-5105
dcama@myinvestorsbank.com
Investors Bancorp, Inc. Announces the Completion of the Acquisition of Roma Financial Corporation
Short Hills, N.J. - (PR NEWSWIRE) - December 6, 2013 - Investors Bancorp, Inc. (NASDAQ:ISBC) announced the completion of its acquisition of Roma Financial Corp. and its subsidiary banks, Roma Bank and RomAsia Bank, effective as of the close of business on December 6, 2013. The combined institution has approximately $15.5 billion in assets, $10.0 billion in deposits and 127 branch locations.
Kevin Cummings, Investors' President and Chief Executive Officer, commented, "We are pleased to welcome Roma's employees, customers and communities to the Investors family. Investors will continue to build upon the strong relationships that Roma has established within its communities and will contribute an additional $1.2 million to the Roma Bank Community Foundation. We believe that it is important to make a difference in the communities we serve".
About Investors Bancorp
Investors Bancorp, Inc. is the holding company for Investors Bank, which operates from its corporate headquarters in Short Hills, New Jersey, with 127 branch locations throughout New Jersey and New York.

text: Investors Bancorp, Inc.

text: Investors Bancorp, Inc.

text: Roma Financial Corp.

text: Investors Bancorp, Inc.


text:
EX-99.1
3
v54064exv99w1.htm
EX-99.1
exv99w1
Exhibit 99.1
CVB Financial Corp Announces Acquisition of San Joaquin Bank
Press Release
Source: CVB Financial Corp.
On 9:21 pm EDT, Friday October 16, 2009
ONTARIO, Calif.-(BUSINESS WIRE)-CVB Financial Corp. (NASDAQ:
CVBF
- News) announced today its
wholly-owned subsidiary bank, Citizens Business Bank, entered an agreement with the Federal Deposit
Insurance Corporation (â
€
œFDICâ
€
-) to purchase most of the assets and assume most of the deposit
liabilities of San Joaquin Bank. (â
€
œagreementâ
€
-). The California Department of Financial
Institutions closed San Joaquin Bank today and appointed the FDIC as receiver. Thereafter, Citizens
Business Bank signed the agreement with FDIC.
â
€
œWe are pleased to welcome all the accountholders of San Joaquin Bank to Citizens Business Bank
as valued customers. We will be working with San Joaquin Bank employees and the FDIC to ensure a
smooth transition of customer relationships to Citizens Business Bank,â
€
- said Chris Myers,
President and Chief Executive Officer.Â â
€
œWe are enthusiastic about the opportunity to grow our
presence in the Bakersfield area. Our superior customer service and financial products will blend
well with San Joaquin Bankâ
€
™s service standards.â
€
-
Under the terms of the agreement, Citizens Business Bank will purchase most of the assets and
assume all deposits, with the exception of Cede & Co. brokered deposits, of San Joaquin Bank.
Citizens Business Bank is a $6.5 billion financial services company based in Ontario, California,
with 41 business financial centers and five commercial banking centers serving California. The
addition of the San Joaquin Bank will add five business financial centers for a total of six in the
Bakersfield area and 13 centers in the California Central Valley communities.
Shares of CVB Financial Corp. common stock are listed on the NASDAQ under the ticker symbol of
CVBF. For investor information on CVB Financial Corp., visit our Citizens Business Bank website at
www.cbbank.com
and click on the CVB Investor tab.
Safe Harbor
Contact:
CVB Financial Corp.
Christopher D. Myers, President and CEO
909-980-4030

text: CVB Financial Corp

text: CVB Financial Corp.

text: CVB Financial Corp.

text: Chris Myers

text: CVB Financial Corp.

text: CVB Financial Corp.

text: CVB Financial Corp.

text: Christopher D. Myers


text:
EX-99.1
3
d39821dex991.htm
EX-99.1
EX-99.1
Exhibit 99.1
Kelly
®
Acquires Specialty Technology Staffing
and Workforce Solutions Firm, Softworld
Acquisition Accelerates Kelly's Specialization Strategy, Unlocks Growth Opportunities
in Attractive Markets
TROY, Mich. - April 6, 2021 - Kelly (Nasdaq: KELYA) (Nasdaq: KELYB) today announced that it has acquired
Softworld, a leading technology staffing and workforce solutions firm that serves clients across several
end-markets,
including financial services, life sciences, aerospace, defense, insurance, retail, and IT
consulting. Softworld, headquartered in Waltham, Mass., will continue to operate under its own brand.
In 2020, Softworld generated revenue in excess of
$100 million, reflecting double-digit growth despite COVID-related headwinds, at gross profit rates that reflect the demand for highly skilled, specialty technology talent.
"Through the acquisition of Softworld, Kelly adds to its portfolio a business with a consistent track record of growth whose deep expertise in technology
complements the company's focus on fast-growing, high-margin specialties", said
Peter Quigley
, president and chief executive officer of Kelly. "Softworld's high-performance culture, underpinned by a talent-first mindset
and an unwavering commitment to client satisfaction, make it a natural fit within Kelly".
In 2021, the market for temporary information technology
(IT) staffing in the U.S. is projected to reach $31.7 billion, making it the largest professional staffing segment
1
. Within this segment, Softworld focuses on highly specialized occupations
that are projected to grow at a rapid pace, driven by demand from organizations undertaking complex technology initiatives. This focus has translated to consistent
top-line
growth, earning Softworld a place on
Staffing Industry Analysts' list of the fastest growing staffing firms in the United States for each of the past five years.
"The disruptive
forces of a remote workforce and emerging technologies - artificial intelligence, machine learning, predictive analytics, and others - are driving increased investment in digital transformations. As a result, demand for talent with the
specialized skill sets required to design and implement these initiatives has never been greater", said
Hugo Malan
, president,
Kelly Science, Engineering and Technology
. "The addition of Softworld to Kelly Science,
Engineering and Technology's portfolio significantly expands the scale, specialty capabilities, and solution set of our technology business, positioning Kelly to capitalize on this opportunity and fulfill clients'
end-to-end
technology requirements".
1
Staffing Industry Analysts U.S. Staffing Industry Forecast | September 10, 2020
"We are excited to begin a new chapter in Softworld's history as part of the Kelly team", said
David S. Teitelman, president of Softworld. "Kelly's leadership in the workforce solutions industry, its storied brand, and the relationships it has forged with many of the world's leading organizations - combined with
Softworld's deep technical and industry expertise, world-class recruiting engine, and comprehensive suite of workforce solutions - will empower our collective team to unlock tremendous growth opportunities and deliver considerable value to
talent and clients alike".
This release contains statements that are forward looking in nature and, accordingly, are subject to risks and
uncertainties. These factors include, but are not limited to, changing market and economic conditions, the recent novel coronavirus
(COVID-19)
outbreak, competitive market pressures including pricing and
technology introductions and disruptions, disruption in the labor market and weakened demand for human capital resulting from technological advances, competition law risks, the impact of changes in laws and regulations (including federal, state and
international tax laws), unexpected changes in claim trends on workers' compensation, unemployment, disability and medical benefit plans, or the risk of additional tax liabilities in excess of our estimates, our ability to achieve our business
strategy, our ability to successfully develop new service offerings, material changes in demand from or loss of large corporate customers as well as changes in their buying practices, risks particular to doing business with government or government
contractors, the risk of damage to our brand, our exposure to risks associated with services outside traditional staffing, including business process outsourcing, services of licensed professionals and services connecting talent to independent work,
our increasing dependency on third parties for the execution of critical functions, our ability to effectively implement and manage our information technology strategy, the risks associated with past and future acquisitions, including risk of
related impairment of goodwill and intangible assets, exposure to risks associated with investments in equity affiliates including PersolKelly Pte. Ltd., risks associated with conducting business in foreign countries, including foreign currency
fluctuations, the exposure to potential market and currency exchange risks relating to our investment in Persol Holdings, risks associated with violations of anti-corruption, trade protection and other laws and regulations, availability of qualified
full-time employees, availability of temporary workers with appropriate skills required by customers, liabilities for employment-related claims and losses, including class action lawsuits and collective actions, our ability to sustain critical
business applications through our key data centers, risks arising from failure to preserve the privacy of information entrusted to us or to meet our obligations under global privacy laws, the risk of cyberattacks or other breaches of network or
information technology security, our ability to realize value from our tax credit and net operating loss carryforwards, our ability to maintain specified financial covenants in our bank facilities to continue to access credit markets, and other
risks, uncertainties and factors discussed in this release and in the Company's filings with the Securities and Exchange Commission. Actual results may differ materially from any forward-looking statements contained herein, and we undertake no
duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations.
About Kelly
®
Kelly Services, Inc. (Nasdaq: KELYA, KELYB) connects talented people to companies in need of
their skills in areas including Science, Engineering, Education, Office, Contact Center, Light Industrial, and more. We're always thinking about what's next in the evolving world of work, and we help people ditch the script on old ways of
thinking and embrace the value of all workstyles in the workplace. In 2020, we placed nearly 370,000 individuals in positions with a variety of customers around the globe, and we connect thousands more with work through our global network of talent
suppliers and partners in our
outsourcing and consulting practice
. Revenue in 2020 was $4.5 billion. Visit
kellyservices.com
and let us help with what's next for you.
About Kelly Science, Engineering and Technology
Kelly Science, Engineering and Technology, an operating segment of Kelly
®
, powers tomorrow's
innovations with today's brightest talent. Our team of science, engineering, technology, and telecommunications experts partner with leading organizations to position them ahead of industry trends that are shaping their workforce needs. We
offer a full range of flexible, efficient workforce solutions - including contract and direct-hire staffing, business process outsourcing, and managed service provider solutions - that empower our clients to adapt to changing market
dynamics and drive growth. In 2020, we placed nearly 23,000 individuals with highly specialized skills in positions on the cutting edge of science, engineering, technology, and telecommunications. Visit
set.kellyservices.us
and discover
what's next in science, engineering, technology, and telecommunications.
About Softworld
Softworld is a staffing and consulting firm with the experience and infrastructure to support clients and talent on a national level. Softworld has developed
expertise across seven distinct staffing and consulting practices over the past 25 years that include Technology Services, Life Sciences, Engineering, Government, Financial Services, Cyber Security, and their onshore development division, Framework
Development Centers.
# # # #
Contact Information:
Media Contact:
Analyst Contact:
Jane Stehney
Jim Polehna
Kelly Services
Kelly Services
stehnja@kellyservices.com
polehjm@kellyservices.com
248-574-9800
248-244-4586

text: Kelly

text: Softworld

text: Kelly

text: Kelly

text: Softworld

text: Softworld

text: Softworld

text: Softworld

text: Kelly

text: Peter Quigley

text: Kelly

text: Softworld

text: Kelly

text: Softworld

text: Softworld

text: Hugo Malan

text: Kelly

text: Softworld

text: Kelly

text: Kelly

text: Softworld

text: Kelly

text: David S. Teitelman

text: Softworld

text: Kelly

text: Softworld

text: Kelly

text: Kelly

text: Kelly

text: Kelly

text: Kelly

text: Softworld

text: Softworld

text: Softworld

text: Kelly

text: Kelly


text:
EX-99.1
2
gst-ex991_56.htm
EX-99.1
gst-ex991_56.htm
Exhibit 99.1
NEWS RELEASE
Contacts:
Gastar Exploration Inc.
J. Russell Porter, Chief Executive Officer
713-739-1800 / rporter@gastar.com
Investor Relations Counsel:
Lisa Elliott / lelliott@DennardLascar.com
Dennard ▪ Lascar Associates: 713-529-6600
Gastar Exploration Closes Sale of Appalachian Basin Assets
HOUSTON, April 8, 2016 - Gastar Exploration Inc. (NYSE MKT: GST)
("Gastar")
today announced that it has completed the previously announced sale of substantially all of its producing assets and proved reserves and a significant portion of its undeveloped acreage in the Appalachian Basin for $80.0 million, subject to certain adjustments, to an affiliate of Tug Hill Inc. The effective date of the transaction is January 1, 2016.
In connection with the sale, the borrowing base of Gastar's revolving credit facility was automatically reduced to $100.0 million as required by Amendment No. 8 to the credit agreement. The proceeds from the sale will be used to reduce outstanding borrowings under Gastar's revolving credit facility to achieve compliance with the reduction of the borrowing base.
J. Russell Porter, Gastar's President and CEO, commented, "The closing of this transaction allows us to reduce our debt and exclusively focus our operations on the Mid-Continent STACK Play, one of the most economic plays in the U.S".
About Gastar Exploration
Gastar Exploration Inc. is an independent energy company engaged in the exploration, development and production of oil, condensate, natural gas and natural gas liquids in the United States. Gastar's principal business activities include the identification, acquisition, and subsequent exploration and development of oil and natural gas properties with an emphasis on unconventional reserves, such as shale resource plays. In Oklahoma, Gastar is developing the primarily oil-bearing reservoirs of the Hunton Limestone horizontal play and is testing other prospective formations on the same acreage, including the Meramec Shale and the Woodford Shale, which is referred to as the STACK Play and emerging prospective plays in the shallow Oswego formation and in the Osage formation, a deeper bench of the Mississippi Lime located below the Meramec Shale. For more information, visit
Exhibit 99.1
Gastar's website at www.gastar.com.
Forward Looking Statements
This news release includes "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward looking statements give our current expectations, opinion, belief or forecasts of future events and performance. A statement identified by the use of forward looking words including "may", "expects", "projects", "anticipates", "plans", "believes", "estimate", "will", "should", and certain of the other foregoing statements may be deemed forward-looking statements. Although Gastar believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this news release. These include risks inherent in oil and natural gas drilling and production activities, including risks with respect to continued low or further declining prices for oil and natural gas that could result in further downward revisions to the value of proved reserves or otherwise cause Gastar to further delay or suspend planned drilling and completion operations or reduce production levels which would adversely impact cash flow; risks relating to the availability of capital to fund drilling operations that can be adversely affected by adverse drilling results, production declines and continued low or further declining prices for oil and natural gas; risks regarding our ability to meet financial covenants under our indenture or credit agreements or the ability to obtain amendments or waivers to effect such compliance; risks of fire, explosion, blowouts, pipe failure, casing collapse, unusual or unexpected formation pressures, environmental hazards, and other operating and production risks, which may temporarily or permanently reduce production or cause initial production or test results to not be indicative of future well performance or delay the timing of sales or completion of drilling operations; delays in receipt of drilling permits; risks relating to unexpected adverse developments in the status of properties; borrowing base redeterminations by our banks; risks relating to the absence or delay in receipt of government approvals or third-party consents; risks relating to our ability to realize the anticipated benefits from acquired assets; and other risks described in Gastar's Annual Report on Form 10-K and other filings with the U.S. Securities and Exchange Commission ("SEC"), available at the SEC's website at www.sec.gov. Our actual sales production rates can vary considerably from tested initial production rates depending upon completion and production techniques and our primary areas of operations are subject to natural steep decline rates. By issuing forward looking statements based on current expectations, opinions, views or beliefs, Gastar has no obligation and, except as required by law, is not undertaking any obligation, to update or revise these statements or provide any other information relating to such statements.
# # #

text: Gastar Exploration Inc.

text: J. Russell Porter

text: Gastar Exploration

text: Gastar Exploration Inc.

text: Tug Hill Inc.

text: J. Russell Porter

text: Gastar Exploration

text: Gastar Exploration Inc.


text:
EX-99
3
arbortextmergerrelease.txt
PRESS RELEASE
EXHIBIT 99.1
Contact Information
Investor Contact: Media Contact:
Meredith Mendola Nicole Rowe
781.370.6151 781.370.6369
mmendola@ptc.com nrowe@ptc.com
PTC COMPLETES ACQUISITION OF ARBORTEXT
Acquisition to help PTC Accelerate Growth, Provide Significant Benefits to
Customers of Both Companies
NEEDHAM, Mass. - July 20, 2005 - PTC (Nasdaq: PMTC), the Product Development
Company(TM), today announced it has completed its acquisition of Arbortext,
Inc., a recognized leader in the emerging Dynamic Enterprise Publishing market.
PTC had announced its intent to acquire Arbortext on July 6, 2005. With this
acquisition, PTC will be uniquely positioned to enable customers to create,
manage and dynamically publish critical information concurrently with the
development of related products or services, improving time-to-market, quality,
overall cost and customer satisfaction. PTC acquired Arbortext for $190 million
in cash.
"This acquisition is a key part of PTC's growth strategy", said C. Richard
Harrison, president and CEO of PTC. "The combined PTC and Arbortext solutions
are very compelling to companies of all shapes and sizes. With good execution,
we will be able to deliver significant benefits to PTC's traditional
manufacturing customer base, and at the same time, expand our footprint into
other industries such as pharmaceuticals, financial services, government and
publishing".
"We believe that the acquisition of Arbortext by PTC offers a true technology
differentiator that other PLM vendors can not provide", Ron Watson, product data
manager, ITT Fluid Technology and ITT Motion & Flow Controls, divisions of ITT
Industries. "Before our products can be delivered to our customers, we must
complete our documentation processes, which are largely manual and very time
consuming. The powerful combination of PTC's Windchill and Pro/ENGINEER Wildfire
in concert with Arbortext's suite of solutions have the potential to provide
immediate impact on reducing the time and effort to bring our products to
market. This will result in what's most important to ITT Industries, to do the
best job possible to meet the needs of our customers".
In a recent report dated July 8, 2005, AMR Research noted, "Strategically the
acquisition opens the door to a diverse customer list, new markets, and an
enhanced Product Lifecycle Management (PLM) lineup. Arbortext should help PTC
further complete its expansive PLM system by significantly enhancing its
documentation abilities. PTC continues its drive to $1B [in revenue] by
selectively acquiring strategic companies to build a complete enterprise PLM
system."
PTC will discuss the acquisition further on its third quarter fiscal year 2005
results conference call and live webcast on today at 10 a.m. ET. The live
webcast may be accessed at www.ptc.com/for/investors.htm. To access the live
call, please dial 888-566-8560 (in the U.S.) or +1-517-623-4768 (international).
Please use passcode PTC. A replay of the call will be available until 5:00 p.m.
ET on July 25, 2005. To access the replay via webcast, please visit
www.ptc.com/for/investors.htm. To access the replay by phone, please dial
402-220-3509.
About PTC
PTC (Nasdaq: PMTC) provides leading Product Lifecycle Management (PLM) software
solutions to more than 35,000 companies worldwide. PTC customers include many of
the world's most innovative manufacturing companies in the aerospace & defense,
automotive, consumer, electronics & high technology, industrial equipment and
medical products industries. PTC is included in the S&P 500 and Russell 2000
indices. For more information on PTC, please visit http://www.ptc.com.
This news release contains forward-looking statements, including statements
about of the integration of the companies' technologies and future growth rates.
These statements involve risks and uncertainties that could cause actual results
to differ materially from those projected, including the following: we may be
unable to successfully develop and integrate the technology necessary to offer
an integrated solution that complements PTC's product development system; the
market for, and customer adoption of, dynamic enterprise publishing may not grow
as quickly as we expect; we may be unable to retain and maintain relationships
with key employees, customers and other strategic partners of Arbortext,
including those within markets and vertical industries with which PTC has little
experience; as well as other risks and uncertainties detailed from time to time
in reports filed by PTC with the Securities and Exchange Commission, including
the Company's most recent reports on Form 10-K and 10-Q.
PTC, the PTC logo, Pro/ENGINEER, Windchill, Windchill ProjectLink and Windchill
PDM Link are trademarks or registered trademarks of Parametric Technology
Corporation.

text: PTC

text: ARBORTEXT

text: PTC

text: PTC

text: Arbortext

text: PTC

text: Arbortext

text: PTC

text: PTC

text: Arbortext

text: PTC

text:
C. Richard
Harrison

text: PTC

text: PTC

text: Arbortext

text: PTC

text: Arbortext

text: PTC

text: PTC

text: Arbortext

text: Arbortext

text: PTC

text: PTC

text: PTC

text: PTC

text: PTC

text: PTC

text: PTC

text: PTC

text: PTC

text: PTC

text: Arbortext

text: PTC

text: PTC

text: PTC

text: PTC


text:
EX-99.1
4
g93336exv99w1.htm
PRESS RELEASE
Press Release
EXHIBIT 99.1
NEWS
FOR IMMEDIATE RELEASE
Contact:
Paul Caminiti/Brandy Bergman/Carrie Bloom
Citigate Sard Verbinnen
212/687-8080
NEW VALLEY CORPORATION COMPLETES SALE OF OFFICE BUILDINGS
FOR $71.5 MILLION
MIAMI, FL, February 16, 2005
- New Valley Corporation (NASDAQ: NVAL) announced today that
it has completed its previously announced sale of the 100 and 150 College Road West office
buildings in Princeton, N.J. for a total price of $71.5 million. The two buildings, which were
bought by an entity advised by Falcon Real Estate Investment Company, L.P., have approximately
225,000 square feet of rentable area.
New Valley is currently engaged in the real estate business and is seeking to acquire
additional operating companies and real estate properties. New Valley has a 50% ownership
interest in Douglas Elliman Realty, LLC, which operates the largest residential real estate
brokerage company in the New York metropolitan area. Additional information concerning the
company is available on the company's website,
www.newvalley.com
.
# # #

text: NEW VALLEY CORPORATION

text: New Valley Corporation


text:
EX-99.1
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d339131dex991.htm
EX-99.1
EX-99.1
Exhibit 99.1
Hologic Completes Divestiture of Blood Screening Business
- Strengthens Efforts to Build a Sustainable Growth Company -
- Accelerates
Top-
and Bottom-Line Growth Rates, Increases Financial Flexibility -
MARLBOROUGH, Mass. (January 31, 2017) - Hologic, Inc. (Nasdaq: HOLX) has completed the divestiture of its blood screening business to long-time
commercial partner, Grifols (MCE: GRF, MCE: GRF.P and NASDAQ: GRFS) for a purchase price of $1.85 billion in cash, the Company announced today.
"Completing the divestiture of our blood screening business will strengthen our efforts to build a sustainable growth company by accelerating
top-
and bottom-line growth rates, while significantly increasing financial flexibility", said Steve MacMillan, the Company's Chairman, President and Chief Executive Officer. "We are immensely proud
of the contributions we have made to global blood safety over nearly 20 years, and wish our former employees and partner much continued success in the field".
Hologic intends to discuss the financial effects of the transaction tomorrow, when it releases its quarterly financial results and provides updated financial
guidance.
About Hologic, Inc.
Hologic, Inc.
is a leading developer, manufacturer and supplier of premium diagnostic products, medical imaging systems and surgical products. The Company's core business units focus on diagnostics, breast health, GYN surgical, and skeletal
health. With a unified suite of technologies and a robust research and development program, Hologic is dedicated to The Science of Sure. For more information on Hologic, visit
www.hologic.com
.
Hologic, The Science of Sure, and associated logos are trademarks and/or registered trademarks of Hologic, Inc. and/or its subsidiaries in the United States
and/or other countries.
Forward-Looking Statements
This news release contains forward-looking information that involves risks and uncertainties, including statements about the Company's plans, objectives,
expectations and intentions. Such statements include, without limitation: financial or other information based upon or otherwise incorporating judgments or estimates relating to future performance, events or expectations; the Company's
strategies, positioning, resources, capabilities, and expectations for future performance; and the Company's outlook and financial and other guidance. These forward-looking statements are based upon assumptions made by the Company as of this
date and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those anticipated.
Risks and
uncertainties that could adversely affect the Company's business and prospects, and otherwise cause actual results to differ materially from those anticipated, include without limitation: the ability of the Company to realize anticipated
benefits of future strategic alliances; the risks of conducting business internationally; the Company's ability to predict accurately the demand for its products and products under development, and to develop strategies to address its markets
successfully; the early stage of market development for certain of the Company's products; technical innovations that could render products marketed or under development by the Company obsolete; and competition.
The risks included above are not exhaustive. Other factors that could adversely affect the Company's business and prospects are described in the filings
made by the Company with the SEC. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements presented herein to reflect any change in expectations or any change in events,
conditions or circumstances on which any such statements are based.
Contact
Michael Watts
Vice President, Investor Relations and Corporate
Communications
(858)
410-8588
1

text: Hologic

text: Blood Screening Business

text: Hologic, Inc.

text: blood screening business

text: Grifols

text: GRF.P

text: blood screening business

text: Hologic

text: Hologic, Inc.

text: Hologic, Inc.

text: Hologic

text: Hologic

text: Hologic

text: Hologic, Inc.

text: Michael Watts


text:
EX-99.1
2
a14-23575_1ex99d1.htm
EX-99.1
Exhibit 99.1
For Immediate Release
Heritage Bank of Commerce Completes Acquisition of Bay View Funding
San Jose, Calif. (November 4, 2014) (Globe Newswire)- Heritage Commerce Corp (NASDAQ: HTBK), the parent company of Heritage Bank of Commerce, today announced that the acquisition relating to the Stock Purchase Agreement dated October 8, 2014 between Heritage Bank of Commerce and BVF/CSNK Acquisition Corp., a Delaware corporation ("BVF"), and its stockholders, was completed on November 1, 2014.
BVF will be a subsidiary of the Bank and will continue to operate under the "Bay View Funding" name.
The management team of BVF, led by Glen Shu, will remain in place and will report directly to Keith Wilton, Executive Vice President, and Chief Operating Officer for Heritage Bank of Commerce.
About Heritage Bank of Commerce
Heritage Commerce Corp, a bank holding company established in February 1998, is the parent company of Heritage Bank of Commerce, established in 1994 and headquartered in San Jose with full-service branches in Danville, Fremont, Gilroy, Hollister, Los Altos, Los Gatos, Morgan Hill, Pleasanton, Sunnyvale, and Walnut Creek. Heritage Bank of Commerce is an SBA Preferred Lender with an additional Loan Production Office in Lincoln, California. For more information, please visit www.HeritageCommerceCorp.com.
Contact:
Debbie Reuter, EVP, Corporate Secretary
(408) 494-4542
###

text: Commerce

text: Bay View Funding

text: Heritage Commerce Corp

text: Commerce

text: Commerce

text: BVF/CSNK Acquisition Corp.

text: Bay View Funding

text: Commerce

text: Commerce

text: Heritage Commerce Corp

text: Commerce

text: Commerce


text:
EX-99.1
4
a07-26908_1ex99d1.htm
EX-99.1
Exhibit 99.1
LKQ Corporation Completes Acquisition of Keystone Automotive Industries
Chicago, IL - October 15, 2007
- LKQ
Corporation (NASDAQ: LKQX) today announced that on October 12, 2007 it
completed its previously announced acquisition of Keystone Automotive
Industries, Inc. As a result of the merger, Keystone is now a wholly-owned
subsidiary of LKQ Corporation and Keystone stockholders will receive $48.00 in
cash for each Keystone share they held prior to the closing. Ronald Foster, the
former Chairman of the Board of Keystone, and Rick Keister, the former
President and Chief Executive Officer of Keystone, were appointed to LKQ's
board of directors upon completion of the merger.
"We are delighted to complete our merger with Keystone", said Joseph
Holsten, President and Chief Executive Officer of LKQ Corporation. "This merger
creates an alternative replacement parts business with over $1.6 billion of
trailing annual revenue. Keystone's aftermarket product line is a perfect
complement to LKQ's leading presence in the recycled parts marketplace. We now
have an expanded national network of nearly 300 facilities that allow us to
offer readily available, high quality recycled, refurbished and aftermarket
collision repair parts to our customers. We are proud to be the nation's
leading supplier of aftermarket collision parts, recycled OEM parts, refinished
alloy wheels, and refinished plastic bumper covers".
About LKQ Corporation
LKQ Corporation is the largest nationwide provider of aftermarket
collision replacement products, recycled OEM products, refurbished wheels and
related services to repair light vehicles.
Forward Looking Statements
The statements in this press release that are not historical are
forward looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995, including statements regarding our expectations,
beliefs, hopes, intentions or strategies. Forward looking statements involve
risks and uncertainties, some of which are not currently known to us. Actual
events or results may differ materially from those expressed or implied in the
forward looking statements as a result of various factors. These factors
include:
.
the risk that Keystone's business will not be integrated successfully
or that LKQ will incur unanticipated costs of integration; and
.
the ability to maintain Keystone's vendor and key customer
relationships and retain key employees.
For a detailed discussion of these and other risks, please refer to our
Form 10-K filed February 28, 2007 and other reports filed by us from time to
time with the Securities and Exchange Commission. You should not place undue
reliance on the forward looking statements. We assume no obligation to update
any forward looking statement to reflect events or circumstances arising after
the date on which it was made.
CONTACT: LKQ Corporation
Mark T. Spears, Executive Vice President
and Chief Financial Officer
312-621-1950
irinfo@lkqcorp.com

text: LKQ Corporation

text: Keystone Automotive Industries

text:
LKQ
Corporation

text: Keystone Automotive

text: Keystone

text: LKQ Corporation

text: Keystone

text: Keystone

text: Keystone

text: Keystone

text: Keystone

text:
Joseph
Holsten

text: LKQ Corporation

text: Keystone

text: LKQ Corporation

text: LKQ Corporation

text: Keystone

text: Keystone

text: LKQ Corporation


text:
EX-99
3
pexh992.htm
PRESS RELEASE
pexh992.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing
EXHIBIT 99.2
PAINCARE FINALIZES SALE OF MARYLAND-BASED AMBULATORY SURGERY CENTER
Helps to Strengthen Balance Sheet
And Concludes First Key Restructuring Initiative
ORLANDO, Fla. - (PR NEWSWIRE) - June 7, 2007
-
PainCare Holdings, Inc. (AMEX:PRZ), one of the nation's leading providers of pain-focused medical and surgical solutions and services, today announced that it has completed a key transaction associated with the Company's comprehensive financial restructuring plan. Specifically, PainCare sold the Maryland-based Center for Pain Management ASC, LLC back to its original shareholders in a transaction that also provided for the original shareholders to repurchase the associated pain practice, Center for Pain Management, LLC.
The transaction provided for a one-time cash payment to PainCare of $5 million by the original shareholders, forgiveness of the outstanding $7.8 million note due and payable to the shareholders, and forgiveness of $2 million in earn-out obligations that were payable to the shareholders in accordance with the terms and conditions of the original acquisition.
"This transaction represents a critical step forward in executing PainCare's financial restructuring strategy and reducing our outstanding debt obligations", stated Randy Lubinsky, Chief Executive Officer of PainCare Holdings. "As we proceed with the sale of our Florida-based ambulatory surgery centers, which remain on schedule to be completed prior to the end of the second quarter, we appreciate the patience and support that our shareholders have afforded us through this complex and challenging restructuring process and look forward to rewarding them with solid fundamental growth in the future".
About PainCare Holdings, Inc.
Headquartered in Orlando, Florida, PainCare Holdings, Inc. is one of the nation's leading providers of pain-focused medical and surgical solutions and services. Through its proprietary network of acquired or managed physician practices and ambulatory surgery centers, and in partnership with independent physician practices and medical institutions throughout the United States and Canada, PainCare is committed to utilizing the most advanced science and technologies to diagnose and treat pain stemming from neurological and musculoskeletal conditions and disorders.
Through its wholly owned subsidiary, Caperian, Inc., PainCare offers medical real estate and development services. Through Integrated Pain Solutions, the Company is engaged in pioneering the nation's first managed services organization that offers a multi-disciplinary healthcare network focused on the treatment of pain. For more information on PainCare Holdings, please visit
www.paincareholdings.com
.
This press release contains forward-looking statements that may be subject to various risks and uncertainties. Such forward-looking statements are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and are made based on management's current expectations or beliefs as well as assumptions made by, and information currently available to, management. These forward-looking statements, which may include statements regarding our future financial performance or results of operations, including expected revenue growth, cash flow growth, future expenses, future operating margins and other future or expected performance, are subject to the following risks: the acquisition of businesses or the launch of new lines of business, which could increase operating expenses and dilute operating margins; the inability to attract new patients by our owned practices, the managed practices and the limited management practice; increased competition, which could lead to negative pressure on our pricing and the need for increased marketing; the inability to maintain, establish or renew relationships with physician practices, whether due to competition or other factors; the inability to comply with regulatory requirements governing our owned practices, the managed
Page 1 of 2
practices and the limited management practices; that projected operating efficiencies will not be achieved due to implementation difficulties or contractual spending commitments that cannot be reduced; and to the general risks associated with our businesses.
In addition to the risks and uncertainties discussed above you can find additional information concerning risks and uncertainties that would cause actual results to differ materially from those projected or suggested in the forward-looking statements in the reports that we have filed with the Securities and Exchange Commission. The forward-looking statements contained in this press release represent our judgment as of the date of this release and you should not unduly rely on such statements. Unless otherwise required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise after the date of this press release. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in the filing may not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.
FOR MORE INFORMATION, PLEASE CONTACT:
Media Relations
Suzanne Beranek, APR, Beranek Communications, LLC
407-475-0763 or via email at
suzanne@beranekcommunications.com
Investor/Shareholder Relations
Elite Financial Communications Group, LLC
Dodi Handy, President and CEO, or
Daniel Conway, Chief Strategist
407-585-1080 or via email at
prz@efcg.net
Page 2 of 2

text: PAINCARE

text: PainCare

text: PainCare

text: PainCare

text: PainCare

text: Randy Lubinsky

text: PainCare

text: PainCare

text: PainCare

text: PainCare

text: PainCare

text: PainCare

text: Dodi Handy


text:
EX-99.1
3
v431933_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
For Immediate Release
CONSOLIDATED WATER CO. LTD. ACQUIRES
MAJORITY INTEREST IN AEREX INDUSTRIES
GEORGE TOWN, Grand Cayman, Cayman Islands
(February 16, 2016) -- Consolidated Water Co. Ltd. (NASDAQ Global Select Market: "CWCO"), which develops and operates
seawater desalination plants and water distribution systems in areas of the world where naturally occurring supplies of potable
water are scarce or nonexistent, today announced that it has acquired 51% of the ownership of Aerex Industries, Inc. ("Aerex"),
effective February 11, 2016, for $7.7 million in cash.
Aerex
(which conducts business under the registered name of Aerex Global Water Solutions) is an original equipment manufacturer and service
provider of a wide range of
products and services applicable to municipal water treatment and industrial water and wastewater treatment. The company's
products include membrane separation equipment, filtration equipment,
piping systems, vessels and custom fabricated components. Aerex also provides engineering, design, consulting, inspection, training
and equipment maintenance services. Aerex is an American Society of Mechanical Engineers (ASME) code accredited manufacturer and
maintains the ASME U and S and the National Board NB and R Certificates of Authorization. The company's corporate offices
and manufacturing facilities are located in Fort Pierce, Florida.
"This acquisition of a majority interest
in Aerex represents an important first step of the expansion of our business model into other water-related industries and markets",
commented Rick McTaggart, CWCO's Chief Executive Officer. "Aerex has long been one of our most highly valued suppliers.
The equipment it has manufactured for us is integral to the performance of some of our most efficient and profitable desalination
plants. Our ownership in Aerex gives us the traditional benefits associated with the vertical integration of a portion of our supply
chain, and more importantly provides us with an operating platform in the United States through which we expect to continue to
expand our customer base and product lines within the water industry".
"We are pleased to announce CWCO's
investment in our company", stated Aerex President Thomas Donnick. "We believe significant growth opportunities exist
for Aerex, and the financial, marketing, operational and technical resources that Consolidated Water will provide to us as a result
of their investment will be vital to capitalizing on such growth opportunities".
Aerex's unaudited revenues exceeded
$19 million for the year ended December 31, 2015. Additional financial information regarding the acquisition and Aerex's
financial performance for the year ended December 31, 2015 will be provided in a future filing by CWCO on Form 8-K.
CWCO-G
About Consolidated Water Co. Ltd.
Consolidated Water Co. Ltd. develops and
operates seawater desalination plants and water distribution systems in areas of the world where naturally occurring supplies of
potable water are scarce or nonexistent. The Company operates water production and/or distribution facilities in the Cayman Islands,
Belize, the British Virgin Islands, The Commonwealth of The Bahamas, and Bali, Indonesia and a water industry equipment manufacturing
and service business in the United States.
Consolidated Water Co. Ltd. is headquartered
in George Town, Grand Cayman, in the Cayman Islands. The Company's ordinary (common) stock is traded on the NASDAQ Global
Select Market under the symbol "CWCO". Additional information on the Company is available on its website at http://www.cwco.com.
For further information, please contact:
Frederick W. McTaggart, President and CEO,
at (345) 945-4277 or David W. Sasnett, Executive Vice President and CFO, at (954) 509-8200 or via e-mail at
info@cwco.com

text: CONSOLIDATED WATER CO. LTD.

text: AEREX INDUSTRIES

text: Consolidated Water Co. Ltd.

text: Aerex Industries, Inc.

text: Consolidated Water Co. Ltd.

text: Consolidated Water Co. Ltd.

text: Consolidated Water Co. Ltd.


text:
EX-99.1
3
exhibit2.htm
EX-99.1
EX-99.1
PRESS RELEASE
Columbia Equity Trust, Inc. [Logo]
1750 H Street, NW
Suite 500
Washington, D.C. 20006
Tel (202) 303 - 3080
________________________________________________
Columbia Equity Trust, Inc. Announces Closings for Acquisition of Two Initial Properties and
Underwriters' Exercise of Over-Allotment Option
Washington, D.C., July 15, 2005 - Columbia Equity Trust, Inc. (NYSE:COE) announced today that
it closed on the acquisition of Loudoun Gateway IV on July 8, 2005. The Company also announced that
it closed on July 15, 2005 its acquisition of a 40% interest in a limited liability company that
acquired through a cash merger transaction the corporation that owns the Barlow Building. With
these closings, Columbia Equity Trust has completed the formation transactions associated with its
initial public offering and owns or holds interests in a portfolio of 13 commercial office
properties containing an aggregate of 2.1 million net rentable square feet.
Loudoun Gateway IV is a four story, approximately 103,000 square foot office building located
in Dulles, Virginia. The property is 100% leased to America Online, Inc. and is located one mile
north of the Dulles Toll Road and approximately 3 miles from Washington Dulles International
Airport. The property was purchased for total consideration of approximately $21.8 million
including transaction costs and was funded 100% with proceeds from the Company's initial public
offering.
The Barlow Building is an 18 story, approximately 270,000 square foot office building that
contains retail space on the ground level and is located in Chevy Chase, Maryland near the
Washington, D.C. border and within one block of the Friendship Heights subway station. The
building is leased to more than 80 tenants. The Company acquired its 40% interest in a limited
liability company that owns the Barlow Building for approximately $13.7 million, including
transaction costs, using proceeds from the Company's initial public offering. The remaining 60%
interest in the limited liability company will be owned by an institutional client advised by JP
Morgan Asset Management.
The Company also announced that in connection with its initial public offering, the
underwriters of the offering exercised and closed on July 14, 2005 their option to purchase an
additional 1,800,000 shares of common stock at $15 per share from the Company to cover
over-allotments. The Company received approximately $25.1 million in additional net proceeds from
the sale of these shares after deducting the underwriting discount. A registration statement
relating to these securities has been filed with, and declared effective by, the Securities and
Exchange Commission. This press release shall not constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of such common stock in any state in which such
offer, solicitation or sale would be unlawful prior to registration or qualification under the
securities laws of any such state. The offering of these securities will be made only by means of
a prospectus, a copy of which may be obtained by contacting Wachovia Securities, Attn: Prospectus
Department, 8739 Research Drive, Charlotte, NC 28262, or 704-593-7559.
About Columbia Equity Trust, Inc.
Columbia is a self-advised, self-managed Maryland corporation focused on the acquisition,
development, renovation, repositioning, ownership, management and operation of commercial office
properties located predominantly in the Greater Washington, D.C. area. For additional information
please visit our web site at
http://www.columbiareit.com
.
Forward Looking Statements
Certain statements in this release that are not historical fact may constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements involve known and unknown risks, uncertainties and other factors which
may cause the actual results of the Company to differ materially from historical results or from
any results expressed or implied by such forward-looking statements, including without limitation:
national and local economic, business, real estate and other market conditions; the competitive
environment in which the Company operates; the execution of its business plan; financing risks; the
Company's ability to maintain its status as a REIT for federal income tax purposes; acquisition and
development risks; potential environmental and other liabilities; and other factors affecting the
real estate industry generally or the office industry in particular. For further discussion of the
factors that could affect outcomes, please refer to the "Risk Factors" section of the prospectus.
CONTACT
COLUMBIA EQUITY TRUST, INC.
JOHN SCHISSEL
CHIEF FINANCIAL OFFICER
202-303-3064

text: Columbia Equity Trust, Inc.

text: Columbia Equity Trust, Inc

text: Columbia Equity Trust, Inc.

text: Loudoun Gateway IV

text: Loudoun Gateway IV

text:
JP
Morgan

text: Columbia Equity Trust, Inc.

text: COLUMBIA EQUITY TRUST, INC.


text:
EX-99
2
ex99.htm
EXHIBIT 99
Information Architects Corporation announces acquisition of technology company Automated Customer Care
Exhibit 99.1
Information Architects Corporation announces acquisition of technology company Automated Customer Care, Inc.
March 31, 2011, Orlando, FLA -- Information Architects OTCQB announced today that it has signed an agreement to acquire Automated Customer Care, Inc. a proprietary technology company developing integrated, online, customer relationship management software system.
Under the terms of the acquisition Information Architects Corporation (IACH) will acquire Automated Customer Care, Inc. (ACC) for stock and has agreed to infuse cash to finish the WEB 2.0 interface and launch ACC through an on-line campaign.
According to William Craig, Acting CEO of Information Architects Corporation, "We are pleased to complete the acquisition of a superior technology company, Automated Customer Care, which demonstrates the focus we put on continuing to bring significant value to Information Architects Corporation. This transaction allows us entry into the ever growing Web 2.0 software market by providing needed tools and services for business. This acquisition should position our company and software as one of the most vital software systems for the small business market".
Automated Customer Care's online customer relationship management system (CRM) fulfills the basic needs of businesses large or small. Its many features include customer prospecting, customer tracking, out-bound and in-bound customer relationship management. The system has been designed for the small office/ home office (SOHO) environment. ACC is a full vertical integration "one stop" for customer database, customer telephony and customer email. This Wizard based system allows easy use for those not highly trained in IT. One familiar with windows and Facebook can use it thus eliminating the need for IT staff. Much like Constant Contact, SalesForce and LinkedIn ACC has been designed as a true Web 2.0 Software as a Service (SaaS).
CORPORATE PROFILE
Information Architects Corporation (IACH) is a worldwide Marketing and Distribution company.
"Forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. Information Architects Corporation disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions (including in the information technology and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, changes in our business strategies, and the purchasing activity or lack thereof by registered web mall members.
William Craig
954-358-7099

text: Information Architects Corporation

text: Automated Customer Care

text: Information Architects Corporation

text: Automated Customer Care, Inc.

text: Information Architects OTCQB

text: Automated Customer Care, Inc.

text: Information Architects Corporation

text: Automated Customer Care, Inc.

text: Information Architects Corporation

text: Automated Customer Care

text: Information Architects Corporation

text: Automated Customer Care

text: Information Architects Corporation

text: Information Architects Corporation


text:
EX-99.1
65
smsapal8kex991082310.htm
PRESS RELEASE
smsapal8kex991082310.htm
FOR IMMEDIATE RELEASE
CONTACT: Mr. Stanley Tsang
(86) 0599 2335520
SMSA Palestine Acquisition Corp.
Shuinan Industrial Area,
Songxi County, Fujian Province 353500
The People's Republic of China
NEWS RELEASE
SMSA PALESTINE ACQUISITION CORP. UTILIZES APO® SERVICE TO GO PUBLIC AND COMPLETE $15 MILLION PRIVATE FINANCING
Fujian, China, August 25, 2010 - SMSA Palestine Acquisition Corp. ("SMSAP") (OTCBB: SMPN.OB) announced today the closing of an APO going public transaction. SMSAP acquired all of the outstanding stock of Sino Oriental Agriculture Group Limited, a British Virgin Islands company ("Sino Oriental") in a share exchange transaction. The companies will operate on a consolidated basis, executing upon the current business plan of Sino Oriental's subsidiary companies located in the People's Republic of China ("PRC"), including Fujian Yada Group Co., Ltd. ("Fujian Yada"), a green and organic food producer headquartered in Fujian Province, China. Fujian Yada's business consists of growing, processing and distributing over 100 varieties of fresh and processed agricultural products, including bamboo shoot products, fresh vegetables and fruits, and processed vegetables.
Immediately following the consummation of the exchange transaction, SMSAP closed a private placement of its capital stock whereby it received approximately $15.3 million in gross offering proceeds. CID Group Greater China Venture Fund III, L.P. was the lead investor in the private placement. William Blair & Company, L.L.C and Halter Financial Securities, Inc. acted as placement agents for the private placement in the United States.
As a result of the share exchange transaction and the private placement, Sino Oriental's stockholders and the participants in its private offering were issued 13,625,024 shares of SMSA Palestine Acquisition Corp' common stock, representing 92.5% of the outstanding common stock. In connection with the exchange transaction, Mr. Zhan Youdai and Mr. Zhang He were appointed to the Board of Directors of SMSAP. Mr. Zhan's appointment was effective immediately, Mr. He's appointment will be effective upon the resignation of SMSAP's existing director. Mr. Zhan Youdai was appointed Chief Executive Officer of SMSAP, and Mr. Tsang Yin Chiu Stanley was appointed Chief Financial Officer and Secretary. SMSA Palestine Acquisition Corp.'s shares are listed on the Over-the-Counter (OTC) Bulletin Board under the symbol SMPN.OB.
Fujian Yada is one of the leading producers of organic bamboo shoot products in China and is a provider of fresh fruits and vegetables and processed fruits and vegetables. It is vertically integrated with operations that include the planting, harvesting, processing, packaging and selling of final products. It sells its products through an extensive sales and distribution network, consisting of its own sales force as well as more than 80 distributors for the Chinese market and 20 distributors for the Japanese market. In fiscal year 2009, approximately 86% of Fujian Yada's products were sold in China, and approximately 14% were sold to Japan.
- 1 -
For the fiscal year ended December 30, 2009, Fujian Yada Group Co., Ltd. reported consolidated net sales of approximately $39.8 million and consolidated net income of approximately $12.1 million.
Mr. Zhan Youdai, the new Chief Executive Officer of SMSA Palestine Acquisition Corp., stated, "We want to thank our financial advisor, Halter Financial Group, for facilitating our efforts in connection with our private financing and the going public transaction. These transactions have given us access to the US capital markets, with the hope of capitalizing on available growth opportunities".
The foregoing information concerning SMSAP, the exchange transaction, the private placement and related transactions does not purport to be complete. For more complete information, please refer to SMSAP's current report on Form 8-K filed with the SEC on August 25, 2010.
APO
®
is a registered service mark of Halter Financial Group, Inc. ("HFG"). HFG's APO services allow privately held corporations to go public via the reverse merger process and simultaneously complete a private capital raising transaction.
FORWARD LOOKING STATEMENTS
This release contains certain "forward-looking statements" relating to the business of SMSA Palestine Acquisition Corp. and its subsidiary companies, which can be identified by the use of forward-looking terminology such as "believes, expects" or similar expressions. Such forward looking statements involve known and unknown risks and uncertainties, including all business uncertainties relating to product development, marketing, regulatory actions or delays, the ability to obtain or maintain intellectual property protection, market acceptance, third party reimbursement, future capital requirements, competition in general and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in our filings with the Securities and Exchange Commission. SMSA Palestine Acquisition Corp. is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
- 2 -

text: Stanley Tsang

text: SMSA Palestine Acquisition Corp.

text: SMSA PALESTINE ACQUISITION CORP.

text: SMSA Palestine Acquisition Corp.

text: SMSAP

text: SMSAP

text: Sino Oriental Agriculture Group Limited

text: SMSAP

text: William Blair & Company, L.L.C

text: Halter Financial Securities, Inc.

text: Zhan Youdai

text: Zhang He

text: SMSAP

text: SMSAP

text: Zhan Youdai

text: SMSAP

text: Tsang Yin Chiu

text: SMSA Palestine Acquisition Corp.

text: Zhan Youdai

text: SMSA Palestine Acquisition Corp.

text: Halter Financial Group

text: SMSAP

text: SMSAP

text: Halter Financial Group

text: SMSA Palestine Acquisition Corp.

text: SMSA Palestine Acquisition Corp.


text:
EX-99.1
2
a18-2087_1ex99d1.htm
EX-99.1
Exhibit 99.1
IRET Completes Sale of Medical Office Building Portfolio
MINNEAPOLIS, MN, January 2, 2018 - IRET (NYSE: IRET) substantially completed the sale of its medical office building portfolio on December 29, 2017, closing on 25 properties for an aggregate sale price of approximately $367.7 million. This follows the Company's announcement on November 30, 2017, that it entered into a purchase and sale agreement to sell the Company's entire healthcare portfolio, consisting of 28 healthcare properties and one other commercial property occupied by a healthcare tenant.
Prior to closing, the parties agreed to remove one property from the sale, added closing conditions to three properties, and adjusted the purchase price on the remaining properties. Over the next six months, if the additional closing conditions are met, IRET expects to complete the sale of three additional properties for an aggregate sale price of approximately $32.4 million. IRET also expects to sell the one property removed from this portfolio sale in connection with its efforts to opportunistically sell its remaining commercial properties.
"The sale of the medical office building portfolio is a major milestone for IRET representing the final step necessary to transform us into a focused multifamily company", said Mark O. Decker, Jr., President and CEO. "Over the past 18 months, we have been strategically selling our senior housing, commercial, medical office and other non-core properties, and with the completion of this sale, we will have sold more than $750 million of non-core assets in this time period." Mr. Decker continued, "We could not have accomplished this transformation without the dedicated effort of countless members of our team. We plan to deploy the proceeds from this sale to enhance our multifamily portfolio in the Twin Cities, Denver, and other key strategic markets".
About IRET
IRET is a real estate company focused on the ownership, management, acquisition, redevelopment, and development of multifamily apartment communities. As of October 31, 2017, IRET owned interests in 89 multifamily properties consisting of 13,576 apartment homes and 40 commercial properties, including 28 healthcare and 12 other commercial properties, with a total of 2.5 million square feet of leasable space. IRET's common shares and Series C preferred shares are publicly traded on the New York Stock Exchange (NYSE symbols: IRET and IRET PRC, respectively). IRET's press releases and supplemental information are available on its website at www.iretapartments.com or by calling Investor Relations at 701-837-7104.
Forward-Looking Statements
Certain statements in this press release are based on our current expectations and assumptions, and are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements do not discuss historical fact, but instead include statements related to expectations, projections, intentions or other items related to the future. Words such as "expects", "anticipates", "intends", "plans", "believes", "seeks", "estimates", and variations of those words and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements to be materially different from projected results. Although we believe the expectations reflected in our forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be achieved. Any statements contained herein that are not statements of historical fact should be deemed to be forward-looking statements. As a result, reliance should not be placed on these forward-looking statements as these statements are subject to known and unknown risks, uncertainties, and other factors beyond our control and could differ materially from our actual results and performance. Such risks and uncertainties those risks and uncertainties detailed from time to time in our filings with the Securities and Exchange Commission, including the "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" contained in our Annual Report on Form 10-K for the fiscal year ended April 30, 2017, and in subsequent quarterly reports on Form 10-Q. We assume no obligation to update or supplement forward-looking statements that become untrue due to subsequent events.
Contact Information
Matthew Volpano
Senior Vice President - Capital Markets
Phone: 701-837-7104
E-mail: IR@iret.com

text: IRET

text: IRET

text: IRET

text: IRET

text: IRET

text: IRET

text: IRET

text: IRET

text: IRET

text: IRET

text: IRET

text: IRET

text: IRET