Press Releases

HOUSTON--(BUSINESS WIRE)-- Kraton Polymers LLC (Kraton), a leading global producer of engineered polymers, announces financial results for the three and nine months ended September 30, 2009.

Total operating revenues amounted to $289 million for the three months ended September 30, 2009, a decrease of $93 million, or 24%, compared to total operating revenues of $382 million for the three months ended September 30, 2008. For the nine months ended September 30, 2009, total operating revenues amounted to $717 million, a decrease of $277 million, or 28%, compared to total operating revenues of $994 million for the nine months ended September 30, 2008.

Reported earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to $45 million for the three months ended September 30, 2009, a decrease of $16 million, or 26%, compared to reported EBITDA of $61 million for the three months ended September 30, 2008. The results for the three month period ended September 30, 2009 included expenses of $7 million associated with the exit of our Pernis, The Netherlands manufacturing plant. For the nine months ended September 30, 2009, reported EBITDA amounted to $67 million, a decrease of $44 million, or 40%, compared to reported EBITDA of $111 million for the nine months ended September 30, 2008. Through September 2009 and September 2008, EBITDA included restructuring and related costs of approximately $9 million in both periods.

Our reported EBITDA is based on the first-in, first-out (FIFO) basis of accounting. Our results for the first nine months of 2009 were negatively impacted by approximately $32 million, reflecting the spread between FIFO cost and replacement cost, resulting from the sale of higher cost inventory produced when raw material feedstock prices were above replacement cost. Conversely, our results for the first nine months of 2008 were positively impacted by approximately $39 million, to reflect a similar FIFO versus replacement cost measurement.

Net income amounted to $22 million for the three months ended September 30, 2009, a decrease of $13 million compared to net income of $35 million in the same period in 2008. For the nine months ended September 30, 2009, net income amounted to $1 million, a decrease of $34 million compared to net income of $35 million in the same period in 2008.

Last Twelve Months (LTM) Bank EBITDA, a measure used to determine compliance with our debt covenants, totalled $124 million for the LTM ended September 30, 2009. Kraton was in compliance with its debt covenants at September 30, 2009. A reconciliation of Net Income (Loss) to LTM Bank EBITDA is attached.

"The positive volume momentum that began in the second quarter of 2009, continued into the third quarter," noted Kevin M. Fogarty, Kraton's President and Chief Executive Officer. "In contrast to the 39% and 24% volume declines in the first quarter and second quarter, respectively, when compared to the comparable quarters in 2008, volume was down by 10% in the third quarter, and our September sales volume was 98% of our September 2008 sales volume. As we have maintained all year, a steady improvement in sales volume, coupled with improved operating leverage we have achieved from our pricing and cost management initiatives, is expected to result in measureable improvement in Kraton's bottom line in the coming quarters."

"Moreover, we continue to position Kraton for the future, as we made impressive progress over the last few months on our strategic priorities," said Mr. Fogarty. "In terms of operating results, we posted good quarterly financial results in a recovering yet still challenging global market. We amended our senior credit facility to provide us the opportunity to seek maturity extensions to our revolver and term debt. On the cost reduction and productivity improvement front, we announced the timed exit from our plant in Pernis, The Netherlands, which we believe will yield annual cost savings of approximately $12 million, beginning January 1, 2010. With regard to innovation, we continue to launch new products for our customers, most recently introducing new Kraton A copolymers to be used in environmentally sensitive adhesives, sealants and coatings formulations. Lastly, I am pleased to report that we have completed the installation of our new global SAP system. The project was completed in less than 12 months and we are already experiencing the benefits of this powerful platform, and we expect to capture additional productivity improvements as we learn to leverage the system's full capabilities," noted Mr. Fogarty.

Recent Developments

    --  Beginning in August 2009, we announced the implementation of a series of
        regional price increases which were generally broad-based across our
        end-use markets and in response to increases in raw material and energy
        costs.
    --  In August 26, 2009, we made additional announcements concerning our
        recently introduced NEXAR TM polymers. The new NEXAR polymers family
        offers a unique set of key performance attributes that can be used in a
        myriad of applications, ranging from water desalination, toindustrial
        separation applications, to improvinghigh performance textiles and
        clothing. The unique permselectivity of NEXAR membranes allows for a
        flow of moisture in one direction while blocking other substances such
        as potentially harmful chemicals.
    --  On September 10, 2009, we announced the exit of our Pernis, The
        Netherlands isoprene rubber manufacturing facility. We are in the
        process of completing project scoping for producing alternative isoprene
        rubber manufacturing capacity, and until such alternative is brought on
        line, we plan to satisfy customer and internal demand for isoprene
        rubber with inventory currently on hand. The closure is expected to
        result in annualized cost savings of approximately $12 million beginning
        in 2010.
    --  On September 28, 2009, we announced new developments for Kraton A
        styrenic block copolymers that enable a new approach for environmentally
        friendly adhesives and oil gels. The use of the new class of Kraton
        polymers will make it possible to formulate pressure sensitive
        adhesives, sealants and coatings using natural oils. The new technology
        offers a green solution and represents the latest addition to Kraton's
        portfolio of environmentally friendly products.
    --  On October 1, 2009, Polymer Holdings LLC, the parent company of Kraton
        Polymers LLC, announced it had filed a registration statement on Form
        S-1 with the U.S. Securities and Exchange Commission (SEC) related to a
        proposed public offering of its common stock. On November 3, 2009,
        Polymer Holdings LLC filed Amendment No. 1 to the registration statement
        on Form S-1 with the SEC.
    --  On October 20, 2009, we entered into Amendment No. 6 (the "Amendment")
        to our senior credit facility. The Amendment permits, in each case
        subject to the terms and conditions of the Credit Agreement, (i) the
        establishment of separate classes of commitments to replace all or a
        portion of the existing revolving commitments, (ii) the conversion of
        all or a portion of existing term loans into separate classes of
        extended term loans that extend the scheduled amortization and maturity
        of the existing term loans and (iii) the incurrence of indebtedness
        secured pari passu with the current lenders to refinance existing term
        loans.

Third Quarter 2009 Earnings Release Conference Call and Webcast

Kraton has scheduled a conference call on Thursday, November 12, 2009, from 9:00-10:00 a.m. Central Time (10:00-11:00 a.m. Eastern Time) to discuss third quarter 2009 financial results. These results will be available on Kraton's website, http://www.Kraton.com thereafter.

Kraton invites you to listen to the conference call, which will be broadcast live over the internet at http://www.Kraton.com, by selecting the "Investor Relations" link at the top of the home page and then selecting "Events" from the Investor Relations menu on the left side of the Investor Relations page. Company spokespeople will include Kevin M. Fogarty, President and Chief Executive Officer; Stephen E. Tremblay, Chief Financial Officer; and David A. Bradley, Chief Operating Officer.

You may also listen to the conference call by telephone by contacting the conference call operator 5-10 minutes prior to the scheduled start time and asking for the "Kraton Conference Call - Passcode: Earnings Call." U.S./Canada dial-in #: 888-577-8992. International dial-in #: 312-470-7060.

About Kraton

Kraton is a leading producer of styrenic block copolymers, or SBCs, a family of performance polymer products whose chemistry it pioneered over 40 years ago. SBCs are highly engineered synthetic elastomers which enhance the performance of numerous products by delivering a variety of performance-enhancing characteristics, including greater flexibility, resilience, strength, durability and processability.

Kraton currently offers approximately 800 products to more than 700 customers in over 60 countries worldwide, and is the only SBC producer with manufacturing and service capabilities on four continents. Kraton manufactures products at six plants globally, including its flagship plant in Belpre, Ohio, as well as plants in Germany, France, The Netherlands and Brazil, and a joint venture operated plant in Japan.

Kraton, the Kraton logo and design, and the "Giving Innovators their Edge" tagline are all trademarks of Kraton Polymers LLC.

Forward Looking Statements

This press release includes forward-looking statements that reflect our plans, beliefs, expectations and current views with respect to, among other things, future events and financial performance. Forward-looking statements are often characterized by the use of words such as "believes," "estimates," "expects," "projects," "may," "intends," "plans" or "anticipates," or by discussions of strategy, plans or intentions.

In this press release, forward-looking information relates to covenant compliance, pricing trends, cost savings, production rates and other similar matters. All forward-looking statements in this press release are made based on management's current expectations and estimates, which involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed in forward-looking statements. Among these factors are conditions in the global economy and capital markets, our dependence on LyondellBasell, Shell Chemicals and other suppliers to perform their obligations to us, failure of our suppliers to perform their obligations under long-term supply agreements, or our inability to replace or renew these agreements when they expire, could increase our cost for these materials and interrupt production, limited availability or increases in prices of raw materials used in our business, our substantial level of indebtedness and the operating and financial restrictions imposed by our debt instruments and related indentures, competitive pressures in the specialty chemicals industry, our ability to continue technological innovation and successful commercial introduction of new products, our ability to protect intellectual property and other proprietary information, losses due to lawsuits arising out of intellectual property infringement and product liability claims, losses due to lawsuits arising out of environmental damage or personal injuries associated with chemical manufacturing, compliance with extensive environmental, health and safety laws, including regulation of our employees' exposure to butadiene, could require material expenditures or changes in our operations, the risk of accidents that could disrupt our operations or expose us to significant losses or liabilities, governmental regulations and trade restrictions, exposure to interest rate and currency fluctuations, acts of war or terrorism in the United States or worldwide, political or financial instability in the countries where our goods are manufactured and sold, and other risks and uncertainties described in this report and our other reports and documents. Readers are cautioned not to place undue reliance on forward-looking statements. We assume no obligation to update such information.

KRATON POLYMERS LLC

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

(In thousands)

                                      Three Months Ended  Three Months Ended

                                      September 30, 2009  September 30, 2008

Operating Revenues

Sales                                 $ 270,454           $ 363,275

Other                                   18,064              18,892

Total operating revenues                288,518             382,167

Cost of Goods Sold                      218,549             287,719

Gross Profit                            69,969              94,448

Operating Expenses

Research and development                5,075               5,808

Selling, general, and administrative    20,282              28,214

Depreciation and amortization           16,477              13,118

Total operating expenses                41,834              47,140

Gain on Extinguishment of Debt          --                  --

Equity in Earnings of Unconsolidated    129                 94
Joint Venture

Interest Expense, net                   8,044               7,875

Income (Loss) Before Income Taxes       20,220              39,527

Income Tax Expense                      (1,645  )           4,910

Net Income (Loss)                     $ 21,865            $ 34,617

KRATON POLYMERS LLC

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

(In thousands)

                                      Nine Months         Nine Months

                                      Ended               Ended

                                      September 30, 2009  September 30, 2008

Operating Revenues

Sales                                 $ 682,061           $ 947,925

Other                                   35,235              46,472

Total operating revenues                717,296             994,397

Cost of Goods Sold                      602,633             788,618

Gross Profit                            114,663             205,779

Operating Expenses

Research and development                15,115              21,129

Selling, general, and administrative    56,585              73,578

Depreciation and amortization           41,582              40,880

Total operating expenses                113,282             135,587

Gain on Extinguishment of Debt          23,831              --

Equity in Earnings of Unconsolidated    305                 314
Joint Venture

Interest Expense, net                   24,778              27,678

Income (Loss) Before Income Taxes       739                 42,828

Income Tax Expense                      (482    )           7,405

Net Income (Loss)                     $ 1,221             $ 35,423

KRATON POLYMERS LLC

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

(In thousands)

                                                     September 30,  December 31,

                                                     2009           2008

ASSETS

Current Assets

Cash and cash equivalents                            $ 22,365       $ 101,396

Receivables, net of allowances of $1,832 and $2,512    132,756        95,443

Inventories of products, net                           252,646        324,193

Inventories of materials and supplies, net             9,712          11,055

Deferred income taxes                                  14,778         14,778

Other current assets                                   24,269         6,769

Total current assets                                   456,526        553,634

Property, plant and equipment, less accumulated        381,988        372,008
depreciation of $201,371 and $182,252

Identifiable intangible assets, less accumulated       61,181         67,051
amortization of $41,099 and $36,169

Investment in unconsolidated joint venture             11,997         12,371

Deferred financing costs                               6,145          8,184

Other long-term assets                                 22,043         18,626

Total Assets                                         $ 939,880      $ 1,031,874

LIABILITIES AND MEMBER'S EQUITY

Current Liabilities

Current portion of long-term debt                    $ 3,343        $ 3,343

Accounts payable-trade                                 83,510         75,177

Other payables and accruals                            68,059         69,349

Due to related party                                   15,601         25,585

Insurance note payable                                 --             --

Total current liabilities                              170,513        173,454

Long-term debt, net of current portion                 482,222        571,728

Deferred income taxes                                  20,112         34,985

Long-term liabilities                                  63,134         63,117

Total Liabilities                                      735,981        843,284

Commitments and contingencies

Member's equity

Common equity                                          188,202        182,767

Accumulated other comprehensive income                 15,697         5,823

Total member's equity                                  203,899        188,590

Total Liabilities and Member's Equity                $ 939,880      $ 1,031,874

KRATON POLYMERS LLC

LTM Bank EBITDA

(In thousands)

                           3 Mos Ended  12 Mos Ended  3 Mos Ended  12 Mos Ended
                           9/30/09      9/30/09       09/30/08     09/30/08

Net Income (Loss)          $ 21,865     $ (5,768  )   $ 34,617     $ (588    )

Income Tax Expense           (1,645 )     553           4,910        11,721
(Benefit)

Interest Expense, net        8,044        33,771        7,875        38,631

Depreciation and             16,477       53,864        13,118       56,380
amortization

EBITDA (1)                 $ 44,741       82,420      $ 60,520       106,144

LTM Bank EBITDA
adjustments (2)

Sponsor fees and expenses                 2,000                      2,001

Plant turnaround costs                    6,000                      3,536

Permitted acquisition                     1,130                      3,000
costs

Restructuring costs                       10,271                     3,220

Specified cost savings                    8,583                      6,483

Schedule 1.1 cost                         3,000                      3,000

Equity Investment (3)                     --                         9,588

Other non-cash items
increasing Net Income                     10,811                     9,065
(Loss)

LTM Bank EBITDA (4)                     $ 124,215                  $ 146,037

(1) The EBITDA measure is used by management to evaluate operating performance.
Management believes that EBITDA is useful to investors because it is frequently
used by investors and other interested parties in the evaluation of companies
in our industry. EBITDA is not a recognized term under GAAP and does not
purport to be an alternative to net income (loss) as an indicator of operating
performance or to cash flows from operating activities as a measure of
liquidity. Because all companies do not use identical calculations, this
presentation of EBITDA may not be comparable to other similarly titled measures
of other companies. Additionally, EBITDA is not intended to be a measure of
free cash flow for management's discretionary use, as it does not consider
certain cash requirements such as interest payments, tax payments and debt
service requirements.

(2) These adjustments are made pursuant to the Credit and Guaranty Agreement,
amended as of May 12, 2006.

(3) On January 14, 2008, we received an equity investment of $10.0 million of
which $9.6 million was included in LTM Bank EBITDA as provided under the terms
of the senior credit facility.

(4) LTM Bank EBITDA is defined in the senior credit facility and is used to
determine compliance with certain covenants included in the senior credit
facility.

    Source: Kraton Polymers LLC

Celebrating 25 Years of Excellence

BEAVERTON, Ore.--(BUSINESS WIRE)-- Today, Jordan Brand, a division of NIKE, Inc. (NYSE: NKE), announced the upcoming launch of its 25th anniversary AIR JORDAN 2010 shoe. Celebrating a quarter-century of innovative design and genre-inspiring style, Jordan Brand created the AIR JORDAN 2010 to pay respect to the legacy of Michael Jordan in basketball while passing on the heritage of the sport to the talented Team Jordan athletes, such as Dwyane Wade, who will be the first to debut the AIR JORDAN 2010.

"The celebration of the AIR JORDAN 2010 and our 25th anniversary are the pinnacle of a year full of milestones for me," said Michael Jordan. "With each shoe, consumers have pushed me to take the next AIR JORDAN beyond their wildest imagination. The AIR JORDAN 2010 marks the future of Jordan Brand and proves there are no limits to what this Brand is capable of creating."

Acclaimed shoe designers Tinker Hatfield, Vice President of Special Projects/Design for NIKE and Mark Smith, Creative Director for Jordan Brand, collaborated with Michael Jordan on the AIR JORDAN 2010, taking the literal interpretation of Jordan's ability to see through his opponents by creating the Brand's first see-through performance basketball shoe featuring a unique transparent thermoplastic urethane (TPU) window.

"The AIR JORDAN 2010 pays homage to Jordan's ability to know his opponents' next move while only giving hints of his ability and allowing the players to only see what he wanted them to see on the court," said Tinker Hatfield. "His keen instinct for anticipating his challengers' next move and disguising his own techniques are just a few of the attributes that led to him being named the greatest basketball player ever to play the game."

To assist all basketball players' game while wearing the shoe, Hatfield and Smith also designed the AIR JORDAN 2010 with a revolutionary new concept to performance basketball footwear - a layered toe construction that has an independent forefoot support cover. This innovative design technique allows the AIR JORDAN 2010 to mimic an actual foot's flexibility and movement without being restricted by the shoe's structures, assisting in a player's ability to be more agile in the game.

Since 1984 when Jordan wore the first AIR JORDAN sneaker, AIR JORDAN has become one of the world's most recognizable franchises known for its signature Jumpman logo, innovative performance technology and fashion-forward style memorializing the sneakers into popular culture history. Jordan Brand has adapted the AIR JORDAN to the changing fashion landscape in its 25 years, utilizing the importance of green technology by making the AIR JORDAN XX3, AIR JORDAN 2009 and now the AIR JORDAN 2010 under Nike's Considered Design ethos of combining sustainability with performance and innovation.

Jordan Brand launches the AIR JORDAN 2010 nationwide on Saturday, February 13, 2010 for a suggested retail price of $170. Retailer information can be found at www.Jumpman23.com.

About Jordan Brand

A division of NIKE, Inc., Jordan Brand is a premium brand of footwear, apparel and accessories inspired by the dynamic legacy, vision and direct involvement of Michael Jordan. The Jordan Brand made its debut in 1997 and has grown into a complete collection of performance and lifestyle products. The Jordan Brand remains active in the community by donating a portion of its proceeds to Jordan Fundamentals, an education grants program for teachers.

For more information on Jordan Brand, visit www.Jumpman23.com.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6098311&lang=en

    Source: Jordan Brand

DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/1e3bcb/chromium_iii_chl) has announced the addition of the "Chromium (III) Chloride Hexahydrate (CAS 10060-12-5) Market Research Report 2009" report to their offering.

The study 'Chromium (III) Chloride Hexahydrate (CAS 10060-12-5)Market Research Report 2009' presents an overview of the Chromium (III) Chloride Hexahydrate market globally and regionally by contemplating and analyzing its parameters.

Basic report includes:

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        worldwide
    --  Chromium (III) Chloride Hexahydrate current market prices

The research is based on reliable data and supplies with the latest information on selected aspects of the market.

Key Topics Covered:

1. GENERAL CHROMIUM (III) CHLORIDE HEXAHYDRATE DESCRIPTION, COMPOSITION, INFORMATION ON INGREDIENTS, HAZARDS IDENTIFICATION, HANDLING AND STORAGE, TOXICOLOGICAL INFORMATION

2. CHROMIUM (III) CHLORIDE HEXAHYDRATE APPLICATION AREAS, PATENTS

3. MANUFACTURERS AND TRADERS OF CHROMIUM (III) CHLORIDE HEXAHYDRATE (INCLUDING CONTACT DETAILS)

3.1. Manufacturers of Chromium (III) Chloride Hexahydrate

3.2. Suppliers (trading companies) of Chromium (III) Chloride Hexahydrate (including contact details)

4. CHROMIUM (III) CHLORIDE HEXAHYDRATE CURRENT MARKET PRICES

5. CONSUMERS OF CHROMIUM (III) CHLORIDE HEXAHYDRATE

For more information visit http://www.researchandmarkets.com/research/1e3bcb/chromium_iii_chl

    Source: Research and Markets

DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/2bd5e1/china_2009_fortune) has announced the addition of the "China 2009 Fortune Global 500 Databank - Company Profiles" company profile to their offering.

This report provides in-depth company profiles for Chinese companies ranked in the 2009 Fortune Global 500 list. All data is gathered from primary source. Reports are available in easily accessible PDF format and data is consistently presented. Data is regularly tracked and enhanced to ensure data on these high profile companies is accurate and current. This report is an indispensable tool for investors, researchers and analysts wanting to gather the relevant facts on the major companies in of the world. The author concentrates on a small number of high profile companies using tested and trusted research and editorial methodologies.

Report Scope

    --  An excellent all round report covering all key aspects of companies
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For more information visit http://www.researchandmarkets.com/research/2bd5e1/china_2009_fortune

    Source: Research and Markets

PASADENA, Calif.--(BUSINESS WIRE)-- JMG Exploration, Inc., ("JMG" or the "Company") (OTC: JMGEE) announced that it entered into a Settlement Agreement between Newco Group Ltd. ("Newco"), and Iris Computers Ltd. (Iris) in regards to a defaulted $3 million loan to Newco. The Settlement Agreement provides that all rights, claims and demands of all parties are settled in full upon JMG's surrender of 1,427,665 shares of Iris held as collateral for the loan and JMG's receipt of $1,900,000. Payment to JMG is to occur within one week of receiving statutory approvals required by Indian laws or December 1, 2009, whichever is later. JMG will record a gain on settlement of $750,000 in the 4th quarter of 2009.

JMG also announced that Reg Greenslade has resigned as Chairman and will no longer serve as a director. Joseph Skeehan will replace Mr. Greenslade as Chairman. Tom Jacobsen was also appointed President of JMG Canada Limited and effective December 15, 2009, Justin Yorke will replace Mr. Skeehan as Chief Executive and Financial Officer.

About JMG: JMG Exploration, Inc., which was incorporated under the laws of the State of Nevada on July 16, 2004, explores for oil and natural gas in the United States and Canada.

This press release contains forward-looking statements. The words "proposed", "anticipated" and scheduled" and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. The following factor, among others, could cause actual results to differ from those described in the forward-looking statements in this document: the results of JMG's review of the impact of the corrected calculation of depreciation, depletion and amortization and other factors described in JMG's filings with the Securities and Exchange Commission ("SEC"), which are available at the SEC's Web site (http://www.sec.gov). JMG is not under any obligation, and expressly disclaims any obligation, to update, alter or otherwise revise any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future events or otherwise.

    Source: JMG Exploration, Inc.