Press Releases

CINCINNATI, OH -- (MARKET WIRE) -- 02/10/12 -- Ohio National Financial Services today announced record earnings, sales and capital growth, including an unequalled industry record in individual life insurance sales performance.

"Despite the volatile and uncertain economy, Ohio National experienced a strong year in 2011," reported Gary T. "Doc" Huffman, president and chief executive officer, at today's board of directors meeting. "The volatile equity markets and protracted low interest rate environment created significant challenges for our entire industry. With a steady focus on our enterprise strategy, we have continued to deliver long-term policyholder value by providing the highest quality products with the benefits and protection our customers need."

"Our capital position is excellent, and Ohio National is one of the few financial companies to have all of our excellent ratings reaffirmed by independent analysts between 2008-2011," Huffman noted. "That type of consistent performance and value is what Ohio National is known for in the marketplace."

The company highlighted the following from its 2011 results:

• For the 22nd consecutive year, Ohio National has grown its individual life insurance sales. This is a record that is unmatched in the industry. In total, a record-breaking $118.8 million of new annual premium was reported for individual life insurance, up 4.7 percent from 2010. With consumers' continued interest in security and guarantees, sales of Ohio National's whole life insurance products, including the industry's lowest priced participating whole life insurance product, grew nearly 30 percent during the year.
• Total assets under management reached $30.6 billion, increasing 3.3 percent.
• The company maintains a very strong capital position. Equity capital (including FAS 115) grew 17.3 percent to $2.1 billion. Equity capital (excluding FAS 115) grew 15.6 percent to $1.9 billion.
• Core earnings grew to a record $205.6 million, a 5.6 percent increase from $194.7 million recorded in 2010. Core earnings are a key measure of how the company is achieving its goals.
• For the 88th consecutive year, Ohio National paid dividends to all participating whole life policies. A total of $40.7 million was paid to participating policyholders.
• Variable annuity sales totaled $1.6 billion, an 8.5 percent increase over 2010. With a focus on protection and guarantees, new withdrawal benefit riders and managed volatility funds were introduced in January 2012.
• The O.N. Equity Sales Co., the company's retail broker/dealer subsidiary, grew gross broker/dealer concessions to $34.9 million. This represents a 7.8 percent increase over 2010.
• New financial representatives were recruited in record numbers. More than 2,000 new representatives in the traditional sales channel became affiliated with Ohio National, including a record number of producing general agents.

2011 Rating Highlights Ohio National's ratings have not changed since 1991. Independent industry analysts in the past year reaffirmed the affiliated companies' very strong financial security ratings. These included:

• Standard & Poor's: "AA" (Very Strong), its third-highest ranking on a 21-part scale, for financial strength. The report noted that the rating reflected "very strong capitalization... efficient execution of operating fundamentals, solid competitive position."
• A.M. Best: "A+ (Superior)," its second-highest rating of 16 categories, based on the company's balance sheet strength, operating performance and business profile. A.M. Best noted that the rating reflected "consistently favorable operating performance... strong core operating fundamentals of persistency, mortality, risk management and investment results."
• Moody's: "A1," its fifth-highest financial strength rating on a 21-part scale, based on the ability to pay policyholder benefits and repay debt obligations. Moody's cited "prudent risk management measures... strong product development capability... and solid asset/liability management."

2011 Company Recognition Ohio National was recognized as a Top Workplaces in Cincinnati (Large Company) by Enquirer Media in 2011, the second consecutive year for this recognition. The Top Workplace recognition was based on confidential surveys to all associates, including questions related to leadership, direction, environment, communications, trust, work/life flexibility, appreciation and benefits.

2011 Community Stewardship Ohio National's fifth and sixth Habitat for Humanity homes were constructed in Cincinnati during 2011. In recognition of its centennial in 2009, Ohio National made a $780,000 gift to Cincinnati Habitat for Humanity, the largest one-time gift in the local group's history. The funds were designated for the construction of 10 homes over five years in several Cincinnati neighborhoods. Additionally, the Ohio National Foundation donated more than $1 million during 2011 to non-profit organizations in the Greater Cincinnati area.

                     OHIO NATIONAL MUTUAL HOLDINGS, INC.
                            Affiliated companies:
                   Ohio National Financial Services, Inc.
                  The Ohio National Life Insurance Company
                  Ohio National Life Assurance Corporation
                               (Consolidated)
                     Summary Results: Through Dec. 2011

                                                 12/11     12/10   % change
Total Equity (billions)(including FAS 115)       $2.1      $1.8      17.3%
Total Equity (billions)(excluding FAS 115)       $1.9      $1.6      15.6%
Total Assets Under Management (billions)         $30.6     $29.6     3.3%
Core Earnings (millions)                        $205.6    $194.7     5.6%
Total Statutory Surplus (millions)              $908.3    $860.7     5.5%

The financial data presented above is derived from results on the basis of Generally Accepted Accounting Principles (GAAP), except for surplus. All financial information in this news release is considered unaudited because the final audit process is not yet complete.

Tracing its corporate origins to 1909, Ohio National today markets a variety of insurance and financial products through more than 50,000 representatives in 47 states (all except Alaska, Hawaii and New York), the District of Columbia, Puerto Rico and through subsidiary operations in Santiago, Chile. Products are issued by The Ohio National Life Insurance Co. and Ohio National Life Assurance Corporation. Ohio National has more than 925 corporate headquarters associates. Visit www.ohionational.com for more information.

Ohio National has received high marks for financial strength and claims paying ability from major rating agencies; however, such ratings do not refer to the performance of our variable accounts nor imply approval of our variable contracts or their portfolios. All ratings information is according to reports published on: www.standardandpoors.com, www.ambest.com/ratings and www.moodys.com/insurance.

Dividend scales are subject to change at the discretion of the Board of Directors.

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Adrienne Gutbier, APR
513.794.6254 office
513.508.9436 cellular

Source: Ohio National Financial Services

Bing seeks second-screen engagement with consumers as first-ever loyalty program for TV hits milestone downloads

NEW YORK--(BUSINESS WIRE)-- Viggle℠, a loyalty program for television owned by Function(x) (Symbol: FNCX), today announced that Bing will be the presenting sponsor for “Viggle Live” during this Sunday’s 54th annual Grammy Awards. At 8/7c p.m. on Sunday, viewers who check into the awards show using Viggle can engage in real-time trivia, polls, and voting related to the award predictions and Grammy-nominated artists. Bing will be funding bonus points for Viggle Live participants, and will also be integrated into the Viggle Live experience to aid users in finding information related to the awards show.

“As we continue our marketing campaign centered around ‘Bing is for Doing,’ we are excited to partner with Viggle as a way to extend the Grammy Awards viewing experience on this innovative app that helps people engage directly with the shows they love,” said Aaron Lilly, senior marcom architect for Bing.

Viggle’s integration with Bing comes on the heels of significant momentum since its launch in the iTunes App Store on Jan. 25. Since then, approximately 140,000 people have downloaded Viggle, with active users checking into an average of five television shows each day—driving more than 1.4 million check-ins to date. Additionally, an average of 36 engagements a day, per person, within Viggle’s videos, trivia, quizzes and polls has resulted in more than 10 million total engagements—with users averaging 70 minutes per session each time they engage with the app.

“The response to Viggle in our first few weeks has been fantastic,” said Chris Stephenson, president of Function(x). “TV fans love the real rewards Viggle offers them just for checking into their favorite shows. Our network and brand partners are also beginning to see how Viggle can enhance the relationships they enjoy with their audiences.”

In addition to its integration with Viggle, Bing will be releasing the next advertisement in its “Bing is for Doing” campaign on Sunday, featuring Wiz Khalifa—nominated for two Grammy’s this year. The ad will provide a unique, insider’s look at Wiz and his creative process as a Grammy-nominated recording artist, while showcasing how Bing helps Wiz get things done.

Available as a free download in the iTunes App Store, Viggle can automatically check TV viewers into more than 160 channels. Viggle works with iOS devices such as iPhone®, iPad® and iPod touch®. The company also plans to release an Android in the near future.

About Viggle℠

Viggle is a loyalty program for television that gives people real rewards for checking into the television shows they’re watching. Currently available for Apple iPhone®, iPad® and iPod touch®, Viggle automatically identifies what television shows its users are watching and awards them points when they check-in. Viggle users can redeem their points in the app’s rewards catalogue for items such as movie tickets, music, gift cards and much more. For more information, visit www.viggle.com, follow us on Twitter @Viggle or like us on Facebook.

About Function(x)

Function(x) Inc, was founded by Robert F.X. Sillerman, a media entrepreneur who has pioneered a number of successful television, radio and live entertainment businesses. Known for founding, growing and selling the companies that became Clear Channel and Live Nation, Mr. Sillerman was most recently head of CKX, owners of 19 Entertainment, the company that created and produces the American Idol Franchise globally.

Sillerman created Function(x) in June 2010 to develop new ways for consumers to engage with different types of entertainment such as TV, movies, games and music. The company is publicly listed as FNCX. For more information, visit www.functionxinc.com or follow us on Twitter @FunctionXinc.

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. All information provided in this press release is as of February 10, 2012. Except as required by law, Function(x) Inc. undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

Media Contacts:Weber ShandwickLaura Gonia, 206-576-5580FunctionX@webershandwick.comorFunction(x) Inc.VP, MarketingJason Reindorp, 206-226-4085jr@functionxinc.comorInvestor Relations:Function(x) Inc.Head of Strategy & Corp. DevelopmentJohn Small, 212-231-0092John.Small@functionxinc.com

Source: Viggle

OTTAWA, CANADA -- (MARKET WIRE) -- 02/10/12 -- Mindesta Inc. (OTCBB: MDST) wishes to reiterate information provided in its 8K disclosure of January 30, 2012 and information provided to shareholders through Heritage Transfer Agency, Inc. (the Company's transfer agent) ("Heritage") and Depository Trust and Clearing Corporation ("DTCC") on its estimate of taxable dividend per share included in its recent distribution to shareholders. At the close of trading on January 25, 2012, Mindesta Inc. (the "Company" or "Mindesta") completed the previously-announced distribution to the Company's shareholders (the "Distribution") of a majority of the shares of Northern Graphite Corporation ("Northern") common stock owned by the Company. The Distribution of 9,413,581 shares of Northern owned by the Company (approximately 25% of the Northern common shares outstanding) was made to Company shareholders on the basis of one share of Northern common stock for each share of Company common stock held.

Based upon the closing price of the Northern common stock on the TSX Venture Exchange ("TSVX") on January 25, 2012, the day of the Distribution, and taking into account an appropriate liquidity discount, the Company had estimated that the aggregate market value of the shares distributed was US$9,967,000. Therefore, MIndesta has estimated the value of the shares distributed at US$1.0588 per share. Mindesta Inc. has also provided an estimate of the value of the taxable dividend of US$0.0833 per share on the Distribution to Heritage and DTCC. The balance of the dividend, being US$0.9755 per share, represents a return of capital. Shareholders that are non-US residents are subject to US tax withholdings calculated on the taxable dividend estimate of the Distribution. Any questions in that regard, including further questions regarding U.S. tax withholding obligations relating to the Distribution (described in the Information Statement provided to shareholders on or about January 6, 2012), should be directed by registered holders to Heritage and by non-registered holders to their respective brokers.

This press release contains forward-looking statements, which can be identified by the use of statements that include words such as "could", "potential", "believe", "expect", "anticipate", "intend", "plan", "likely", "will" or other similar words or phrases. These statements are only current predictions and are subject to known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from those anticipated by the forward-looking statements. The Company does not intend, and does not assume any obligation, to update forward-looking statements, whether as a result of new information, future events or otherwise, unless otherwise required by applicable securities laws. Readers should not place undue reliance on forward-looking statements.

NO REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED OF THE CONTENTS OF THIS RELEASE

Contacts:
Gregory Bowes, CEO
(613) 241-9959

Source: Mindesta Inc.