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Franklin Covey Co. (NYSE: FC) announced today the final results of its previously announced modified Dutch Auction tender offer to purchase up to 3,111,111 shares of its common stock, which expired at 5:00 p.m., New York City time, on Wednesday, August 27, 2008.
In accordance with the terms and conditions of the tender offer, the Company has accepted for purchase 3,027,018 shares, representing approximately 15.4% of its outstanding common stock, at a price of $9.25 per share, for a total cost of approximately $28.0 million (excluding fees and expenses relating to the tender offer).
Based on the final tabulation by Zions Bank, the depositary for the tender offer, a total of 3,104,307 shares were validly tendered (including by guaranteed delivery procedures) and not withdrawn at a price of $9.25 per share or less. As a result, the depositary has informed the Company that, after giving effect to the priority for "odd lots" and conditional tenders whose conditions were not satisfied, the final proration factor for the tender offer is 97.5%.
The depositary will promptly pay for the shares accepted for purchase in the tender offer and will promptly cause to be returned all shares tendered and not accepted for purchase. After giving effect to the purchase of the shares, the Company will have approximately 16.6 million shares of common stock outstanding.
ThinkPanmure, LLC acted as the dealer manager and Georgeson Inc. acted as the information agent for the tender offer. Questions about the tender offer should be directed to Georgeson at (800) 491-3365.
About Franklin Covey
Franklin Covey (NYSE: FC) is the global consulting and training leader in the areas of strategy execution, customer loyalty, leadership and individual effectiveness. Clients include 90% of the Fortune 100, more than 75% of the Fortune 500, thousands of small- and mid-sized businesses, as well as numerous government entities and educational institutions. Franklin Covey (www.franklincovey.com) has 46 direct and licensee offices providing professional services in 147 countries.
Forward-Looking Statements
This press release contains forward-looking statements related to, among other things, the Company's share repurchase through a Dutch Auction tender offer. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from those contemplated in the forward-looking statements. Such risks and uncertainties include, but are not limited to, the risks and uncertainties outlined in the Company's documents filed with the SEC, including the Company's most recent annual report on Form 10-K for the fiscal year ended August 31, 2007 as filed with the SEC. All forward-looking statements and other information in this press release are based upon information available as of the date of this press release. Such information may change or become invalid after the date of this press release, and, by making these forward-looking statements, the Company undertakes no obligation to update these statements after the date of this press release, except as required by law.
Source: Franklin Covey
DALLAS, Sept. 5 /PRNewswire/ -- One of the most difficult times financially for any new business owner is the time between signing the lease and when the cash register starts ringing. Interstate Batteries Franchise and Development, the franchisor of Interstate All Battery Center (IABC), which has seen record franchisee signings this year, says it has built in a way to ease that with immediate sales opportunities before a franchisee's doors open.
As a result, the company experiences increased sales, franchisee signings and especially franchisee satisfaction.
"Our recent franchisee survey revealed outstandingly high satisfaction among IABC franchises," said Franchise Business Review President Eric Stites. "IABC's unique concept offers investors stability and greater opportunity for success. Through its proven business-to-business program, franchisees are able to hit the ground running, ramping up their business much faster than traditional retailers."
In most cases, IABC sells franchise markets where the company's commercial inside sales group has already secured existing business. These established commercial accounts provide franchisees with immediate income and offer established customer bases.
"In a competitive marketplace like franchising, it is critical to distinguish your concept," said Interstate Batteries Franchise and Development Director Justin Darland. "IABC's concept provides our newly signed and trained partners to begin selling in the business-to-business market immediately, even before they open the doors to their retail location."
Additionally, IABC offers franchisees sales support in prospecting and maintaining accounts through its B2B Inside Sales Department. The department consists of more than 40 highly-trained business-to-business account managers, each dedicated to specific partners and driven though telesales to grow accounts. Proven results (a 2005-2008 internal study marks more than 100 percent ROI for franchises that utilized the program) and happy franchisees tout the program.
"For nine years we've worked closely with inside sales partners," said IABC franchisee Dennis McDaniel. "Our current rep, Martha, is a critical part of our business, working with our sales manager and salesman to set up face to face meetings, research and pursue new business leads and maintain strong customer service for our existing accounts. Martha is such an important part of our team that we're known to fly her to Indiana to join in our company Christmas parties."
IABC's proven ingredients to success position the company to lead the retail battery category, which analysts project will reach $73 billion globally by 2010. This year, IABC's Franchise Disclosure Document noted an increased average-earning claim up 14 percent versus the same time last year (1). The company recently celebrated a franchise signing for its 100th store location and has already secured nearly a dozen additional signings with continued expansion throughout the nation.
About Interstate All Battery Centers
Founded in 1952 and based in Dallas, Interstate Batteries is a privately held group of corporations, which includes a company with 305 distributors that service more than 200,000 dealers throughout the United States, Canada and select international locations. Interstate is the top-selling replacement automotive brand battery in North America, selling more than 15 million batteries annually. Interstate All Battery Centers currently has more than 109 locations in 35 states, Canada and Puerto Rico. Customers can visit http://allbatteryfranchise.com to find the nearest All Battery Center.
(1) Average company gross sales for fiscal year 2007 were $868,610 vs. fiscal year 2008 $991,477. A copy of the FDD may be obtained by contacting Kevin Hogan at Interstate All Battery Center Franchising, 17400 Northwest Freeway, Houston, TX 77040. (800) 730-7868. The average sales total of $991,477 represents operating results for our 14 company-operated centers open for our 12 month fiscal year 2008.
Media Contacts:
Rebecca Bowers or Lauren Jones-McClain
(214) 379-7000
rebecca@spmcommunications.com
lauren@spmcommunications.com
SOURCE Interstate All Battery Center
SAINT LAURENT, QUEBEC -- (MARKET WIRE) -- 09/05/08 -- IntelGenx Technologies Corp. (TSX: IGX)(OTCBB: IGXT)("IntelGenx") - Management of IntelGenx welcomes Paul Simmons as Chief Financial Officer, effective September 1, 2008. A financial executive with more than 20 years of delivering fiscal gains and corporate growth worldwide, his expertise is in assisting international corporations to improved profitability. Paul has held CFO and VP-Finance positions with several manufacturers in agricultural machinery, hearing aids, and classic English knitwear.
"We welcome Paul to the IntelGenx Executive team and Canada. His international background in corporate finance, business expansion, mergers and acquisitions, process optimization and strategic alliances will be a significant contribution as we take this company to the next stages of success," said IntelGenx President and CEO, Dr. Horst G. Zerbe.
Added Paul Simmons, "This is an extremely exciting time to join IntelGenx, as it makes the significant move from pure R&D operation to delivering product - our first launch is scheduled for Q4 2008. I look forward to playing a part in strengthening the company's financial position, and contributing to corporate development and strategies."
About Paul Simmons
Paul brings significant international credentials to the finance function with an Association of Financial Controllers and Administration (AFCA) certification and a designation with the Association of Accounting Technicians (MAAT). He is well versed in U.S. Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS).
He has led the transformation from one application to the other in several organizations based on the commercial activities and best practices required for the company in the country of operation. Most recently he was employed within the CLAAS Group (2003 - 08), initially based at Group HQ in Germany as Head of Corporate Controlling until August 2005, and then seconded to the baler manufacturing subsidiary (Usines CLAAS France) where he implemented a successful turnaround - following many years of continuous losses. In September 2006 Paul was seconded to French subsidiary Renault Agriculture to restructure and integrate the newly acquired Tractor Manufacturing Division into the CLAAS Group.
About IntelGenx Corp.
IntelGenx Corp. is a drug delivery company focused on the development of oral controlled-release products as well as novel rapidly disintegrating delivery systems. The Company uses its unique multiple layer delivery system to provide zero-order release of active drugs in the gastro-intestinal tract. IntelGenx has also developed novel delivery technologies for the rapid delivery of pharmaceutically active substances in the oral cavity based on its experience with rapidly disintegrating films. The Company's research and development pipeline includes products for the treatment of pain, hypertension, osteoarthritis, and depressive disorders. More information is available about the company at www.intelgenx.com.
This release may contain forward-looking statements. Various factors could cause actual results to differ materially from those projected in forward-looking statements. Although the Company believes that the forward-looking statements contained herein are reasonable, it can give no assurance that the Company's expectations are correct. All forward-looking statements are expressly qualified in their entirety by this cautionary statement.
The TSX and OTCBB have neither approved nor disapproved of the information contained herein.
Contacts: IntelGenx Corp. Dr. Horst G. Zerbe President and CEO (514) 331-7440x201 Email: horst@IntelGenx.com Website: www.intelgenx.com
CARLSTADT, N.J.--(BUSINESS WIRE)--
Pantone, an X-Rite company (NASDAQ: XRIT), and the global authority on color and provider of professional color standards for the design industries, today released the PANTONE(R) Fashion Color Report Spring 2009. The report features the top 10 colors for women's fashion for spring '09, along with designer sketches, quotes and headshots. The availability of the PANTONE Fashion Color Report coincides with the beginning of New York Fashion Week and is available free-of-charge from the Pantone Web site at www.pantone.com/spring2009.
According to the report, blue and purple lead the top 10 hues for spring '09. The palette also includes pops of vibrant color representing the optimism of the season, combined with sophisticated neutrals to ground the palette and provide stability in an unpredictable economic climate. A spectrum of greens rounds out the report, evoking a sense of freshness and new beginnings.
"New York's fashion designers encourage hopeful attitudes with lively colors, while sophisticated, grounded hues address the need for stability in times of economic uncertainty," said Leatrice Eiseman, executive director of the Pantone Color Institute(R).
The top 10 spring '09 colors for women are: PANTONE 18-4043 Palace Blue PANTONE 14-1307 Rose Dust PANTONE 15-3817 Lavender PANTONE 16-5804 Slate Gray PANTONE 14-0754 Super Lemon PANTONE 16-6339 Vibrant Green PANTONE 15-1626 Salmon Rose PANTONE 16-0435 Dark Citron PANTONE 18-2328 Fuchsia Red PANTONE 14-5714 Lucite Green
Fall '08 saw blue and purple rise to the forefront of fashion. As is often true, colors evolve from season to season, and spring '09 is no exception. Palace Blue, a favorite among designers this season, takes a steadfast, classic, spring navy-like tone and makes it sparkle. Paired with just about any color in the report, it offers many intriguing spring combinations. Taking purple in a lighter direction, Lavender presents a softer, more summery hue, extending the mystical aspects of purple available last fall.
As yellow continues to make its mark on the world of fashion, tangy Super Lemon brings a fun, optimistic outlook to the palette. Its luminosity is determined to evoke a smile and attract the roving consumer's eyes. Taking a cue from its lemony neighbor, friendly and approachable Salmon Rose also conveys an optimistic outlook. The subtlest of oranges, Salmon Rose is flattering to most complexions and is beautiful with a summer glow. Think sensual and seductive Fuchsia Red for clothing, as well as lipstick and nail polish selections, this spring. With its blue undertones, this cool red is a real show-stopper, adding a sense of elegance to the palette.
Stabilizing neutrals provide practicality in a changing economic landscape. Not your average beige, Rose Dust breaks away from the typical neutrals associated with spring by adding dimension with subtle rose undertones. And with its bluish-green undertones, cool Slate Gray is a nuanced neutral that can be paired with any of the other nine colors in the report.
Three greens, each with their own distinct personality, round out the color palette for spring '09, perpetuating the idea of freshness and renewal. Vibrant Green, the quintessential spring hue, brings a true verdancy to the palette in a time of revitalization. Dark Citron, a citrus-inspired green, is calmer and more serious than most, offering an element of sophistication to the mix. Reflective Lucite Green, a clean, clear subtle hue, adds a slight shimmer.
The colors featured in the PANTONE Fashion Color Report are culled from the PANTONE FASHION + HOME Color System, the most widely used and recognized color standard in the world. Each season, Pantone surveys the designers of New York Fashion Week to collect feedback on prominent collection colors, color inspiration and color philosophy. This information is used to create the PANTONE Fashion Color Report and serves as a reference tool throughout the year for fashion enthusiasts, reporters and retailers.
About Pantone
Pantone, a wholly owned subsidiary of X-Rite, Incorporated, has been the world's color authority for 45 years, providing design professionals with products and services for the colorful exploration and expression of creativity. Always a source for color inspiration, Pantone now offers designer-inspired products and services for consumers. More information is available at www.pantone.com.
About X-Rite
X-Rite, Incorporated, is the global leader in color science and technology. The company, which now includes color industry leader Pantone, develops, manufactures, markets and supports innovative color solutions through measurement systems, software, color standards and services. X-Rite's expertise in inspiring, selecting, measuring, formulating, communicating and matching color helps users get color right the first time and every time, which translates to better quality and reduced costs. X-Rite serves a range of industries, including printing, packaging, photography, graphic design, video, automotive, paints, plastics, textiles, dental and medical. For further information, please visit www.xrite.com.
PANTONE(R)...The color of ideas(SM).
PANTONE(R) and other Pantone, Inc. trademarks are the property of Pantone, Inc. (C) Pantone, Inc., 2008. All rights reserved.
Source: Pantone
DUBLIN, Ireland--(BUSINESS WIRE)--
Research and Markets (http://www.researchandmarkets.com/research/4277c6/benzene_world_mar) has announced the addition of the "Benzene: World Market Outlook And Forecast" report to their offering.
The report analyzes worldwide markets for Benzene, including Europe, Asia, Middle East, Africa, North America and Latin America. It provides the most complete and current analytical account of the following areas: Benzene producers, plant-by-plant capacities, supply/demand, future demand trend forecasts, Benzene prices, international trade, upcoming projects. Production by company, demand estimation, Benzene imports and exports are presented for each country.
The report also provides perspective information for the mentioned market till 2015. The study includes profiles of major producers, Benzene suppliers with contact details. The report covers 3 year price data (2005-2007) and features regional trade statistics (2004-2006). These reports combine empirical results with theoretical models and provide the most comprehensive coverage of the subject from leading researchers.
This report is updated at the time of order which will take 3-5 days.
Key Topics Covered:
- Introduction
- Benzene Manufacturing Processes
- World Outlook
- Benzene Market: Regional Analysis
- Benzene Market Perspective (2008-2015)
- Benzene Suppliers (Incl. Contact Details)
- Leading Producers Profiles
Companies mentioned:
- BASF
- Borealis
- BP Chemicals
- Chevron Phillips Chemical
- Equistar Chemical
- LG Chem
- Lyondell Chemical
- Mitsubishi Chemical
- Mitsui Chemical
- Nova Chemicals
- PetroChina
- Polimeri Europa
- Repsol YPF
- Sabic
- Shanghai Petrochemical
- Shell
- Sinopec
For more information visit
http://www.researchandmarkets.com/research/4277c6/benzene_world_mar
Source: Research and Markets Ltd.
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