NEW YORK--(BUSINESS WIRE)-- UBS AG announced today that it has temporarily suspended any further sales from inventory and any further issuances of its (E-TRACS) Long Platinum - Linked to the UBS Bloomberg CMCI Platinum Total Return due May 14, 2018 (the "Securities"). The Securities trade on the NYSE Arca Stock Exchange under the ticker symbol "PTM". This suspension may cause fluctuations in the trading value of the Securities. Daily redemptions at the option of the holders of the Securities will not be affected by this suspension. UBS Investment Bank's lending activities from inventory with respect to the Securities will also not be affected by this suspension.
As disclosed in the prospectus supplement relating to the Securities under the heading "Risk Factors--The market value of the Securities may be influenced by many unpredictable factors including volatile commodities prices", the market value of the Securities may be influenced by, among other things, the levels of supply and demand for the Securities. It is possible that the suspension, as described above, may influence the market value of the Securities. UBS believes that the limitations on issuance and sale implemented may cause an imbalance of supply and demand in the secondary market for the Securities, which may cause the Securities to trade at a premium or discount in relation to their indicative value. Therefore, any purchase of the Securities in the secondary market may be at a purchase price significantly different from their indicative value. The suspension described above will not affect or reduce any further sales from inventory or further issuances of UBS's ten existing other E-TRACS exchange traded notes.
The prospectus supplement relating to the Securities can be found on EDGAR, the SEC website at: www.sec.gov, as well as on the product website at www.ubs.com/e-tracs.
The contents of any website referred to in this free writing prospectus are not part of, or incorporated by reference in, this free writing prospectus. UBS has filed a registration statement (including a prospectus, as supplemented by a prospectus supplement for the offering of the Securities) with the Securities and Exchange Commission (the "SEC") for the offering to which this communication relates. Before you invest, you should read these documents and any other documents that UBS has filed with the SEC for more complete information about UBS and the offering to which this communication relates. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, you can request the prospectus and the applicable prospectus supplement by calling toll-free (+1-877-387-2275).
About UBS
Headquartered in Zurich and Basel, Switzerland, UBS is a global firm providing financial services to private, corporate and institutional clients. Its strategy is to focus on international wealth management and the Swiss banking business alongside its global expertise in investment banking and asset management. In Switzerland, UBS is the leading bank for individual and corporate clients.
UBS is present in all major financial centers worldwide. It has offices in over 50 countries, with about 36% of its employees working in the Americas, 36% in Switzerland, 15% in the rest of Europe and 13% in Asia Pacific. UBS employs more than 65,000 people around the world. Its shares are listed on the SIX Swiss Exchange, the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE).
Source: UBS AG
MINNEAPOLIS, Nov. 11 /PRNewswire-FirstCall/ -- Alliant Techsystems (NYSE: ATK) today announced that after more than six years as the company's Chairman and Chief Executive Officer, Daniel J. Murphy will leave the company and retire in March, 2010. The company's Board of Directors has appointed General Ronald R. Fogleman to serve as Chairman of the Board of Directors. The Board also elected John L. Shroyer, ATK's Chief Financial Officer, to serve as Interim Chief Executive Officer. The appointments are effective immediately.
"General Ron Fogleman has served on ATK's Board of Directors for more than five years. He has extensive leadership experience in the aerospace and defense industry, not only as an executive, but also as Chief of Staff for the U.S. Air Force and member of the U.S. Joint Chiefs of Staff. His judgment and business acumen will help guide the Company into the future, and we are confident that he will be an outstanding Chairman of the Board for ATK," said ATK Board member William Van Dyke, on behalf of the Company's Board of Directors.
"We are fortunate to have such a deep bench of executive talent at ATK," Van Dyke continued. "John Shroyer, a 23 year veteran of the company, will serve as interim CEO and we appreciate the continued strong leadership of the Company's three division presidents: John Cronin, President of ATK Mission Systems; Mark DeYoung, President of ATK Armament Systems; and Blake Larson, President of ATK Space Systems.
"The Board of Directors wants to acknowledge and thank Dan Murphy for his many contributions to the company and for his accomplished leadership. ATK has transformed into a leading aerospace and defense firm under his leadership. We wish him all the best in his future endeavors," concluded Van Dyke.
Dan Murphy stated, "It has been a great honor to serve ATK as Chairman and CEO. I am leaving the company to address family matters that require my personal attention. This is an extraordinary company with committed and hard-working employees, and I am confident that ATK will continue to deliver solid results as it maintains and builds on its strong competitive position in the months and years ahead."
The Board has retained a leading executive search firm to assist in identifying internal and external candidates from which to select a new Chief Executive Officer.
2nd quarter FY10 earnings information
ATK will webcast its investor conference call on fiscal year 2010 second-quarter financial results on November 12 at 10:00 a.m. Eastern Time. The call will discuss ATK's quarterly financial performance, as well as financial guidance and trend information for future period results.
Biographies
General Ronald R. Fogleman joined ATK's Board in May of 2004. Since retiring from the U.S. Air Force in 1997 as the fifteenth Chief of Staff of the U.S. Air Force and a member of the Joint Chiefs of Staff, he has served on the boards of several public companies. He served as the non-executive Chairman of the Board of World Airways from 2003 until 2007, and is currently a director of AAR Corp., the Alpha Security Group Corporation, and a privately held company, Atlantic Inertial Systems. General Fogleman has also remained actively engaged in national security affairs having served on numerous congressionally-directed commissions and study groups to include the Defense Policy Board.
John L. Shroyer has held his present position since April 2006. From November 2005 to April 2006, he served as Vice President, Operations. He served as Vice President and General Manager, ATK Ordnance Systems from 2004 to November 2005. From 2002 to 2004, he was President of ATK Tactical Systems. He was Vice President, ATK Tactical Systems from 2001 to 2002, and Vice President and Treasurer, ATK Tactical Systems, from 2000 to 2001.
ATK is a premier aerospace and defense company with more than 18,000 employees in 22 states, Puerto Rico and internationally, and revenues of approximately $4.8 billion. News and information can be found on the Internet at www.atk.com.
Media Contact: Investor Contact:
Bryce Hallowell Jeff Huebschen
Phone: 952-351-3087 Phone: 952-351-2929
E-mail: bryce.hallowell@atk.com E-mail: jeff.huebschen@atk.com
SOURCE ATK
BERWYN, Pa.--(BUSINESS WIRE)-- Dollar Financial Corp. (NASDAQ: DLLR), announced today that it intends, subject to market and other conditions, to offer through its indirect wholly owned subsidiary National Money Mart Company, $250 million aggregate principal amount of senior notes (the "Notes") in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). The Notes will be fully and unconditionally guaranteed, on a senior unsecured basis, by Dollar Financial Corp. and certain of its current and future direct and indirect wholly owned U.S. and Canadian subsidiaries.
Dollar Financial Corp. intends to use a portion of the net proceeds of the offering to finance the previously announced acquisition by its wholly owned subsidiary, Dollar Financial Group, Inc., of Military Financial Services, LLC.
The Company expects to commence and consummate the offering in December 2009. The Notes will be offered only to qualified institutional buyers in reliance on the exemption from registration provided by Rule 144A under the Securities Act and to certain persons in offshore transactions in reliance on Regulation S under the Securities Act. The Notes have not been registered under the Securities Act, or the securities laws of any state or other jurisdiction, and may not be offered or sold in the United States without registration or an applicable exemption from the Securities Act.
This press release shall not constitute an offer to sell or a solicitation of an offer to purchase the Notes and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which, or to any person to whom, such an offer, solicitation or sale would be unlawful. Any offers of the Notes will be made only by means of a private offering circular.
About Dollar Financial Corp
Dollar Financial Corp is a leading diversified international financial services company primarily serving unbanked and under-banked consumers. Its customers are typically service sector individuals who require basic financial services but, for reasons of convenience and accessibility, purchase some or all of their financial services from the Company rather than from banks and other financial institutions. To meet the needs of these customers, the Company provides a range of consumer financial products and services primarily consisting of check cashing, short-term consumer loans, pawn lending, Western Union money order and money transfer products, currency exchange, gold buying, reloadable VISA(R) and MasterCard(R) branded debit cards, electronic tax filing, and bill payment services.
At September 30, 2009, the Company's global store network consisted of 1,188 stores, including 1,032 company-operated financial services stores and 156 franchised and agent locations in the United States, Canada, United Kingdom, Republic of Ireland, and Poland. The financial services store network is the largest network of its kind in each of Canada and the United Kingdom and the second-largest network of its kind in the United States. The Company's customers, many of whom receive income on an irregular basis or from multiple employers, are drawn to the convenient neighborhood locations, extended operating hours and high-quality customer service. The Company's financial products and services, principally check cashing, money transfer, pawn lending and short-term consumer loan programs, provide immediate access to cash for living expenses or other needs. For more information, please visit the Company's website at www.dfg.com.
Forward Looking Statement
This news release contains forward looking statements. There can be no assurances that the offering of the Notes will be completed as described herein or at all. Certain important factors could cause the Company not to issue the Notes, including the impact of changing economic or business conditions, the failure of the Company to obtain the required consent of its senior lenders, unfavorable interest rates and other risk factors discussed from time to time in the reports filed by the Company with the Securities and Exchange Commission. You should not place any undue reliance on any forward-looking statements. We disclaim any obligation to update any such factors or to publicly announce results of any revisions to any of the forward-looking statements contained herein to reflect future events or developments.
Source: Dollar Financial Corp.
BERWYN, Pa.--(BUSINESS WIRE)-- Dollar Financial Corp (NASDAQ: DLLR), a leading international diversified financial services company primarily serving unbanked and under-banked consumers for nearly 30 years, today announced its intent to seek an amendment and extension of the terms of the Company's existing credit agreement for the Company's revolving facilities and its $286.2 million of term loans in Canada and $83.5 million of term loans in the United Kingdom. As part of the amendment process, the Company is seeking modified covenant terms, which would provide the Company with increased flexibility to continue to take advantage of opportunities to further expand the Company's global footprint and diversified business model. Upon satisfaction of certain conditions, the amendment would also allow the extension of the maturity dates of a portion of the Company's credit facilities to December 2014. There can be no assurances that the amendment and extension of the credit agreement will be completed as described herein or at all.
The Company has engaged Credit Suisse Securities (USA), LLC and Wells Fargo Bank, National Association, as Joint Lead Arrangers and Joint Book Runners for this transaction. U.S. Bank, National Association is the Documentation Agent and Syndication Agent.
About Dollar Financial Corp
Dollar Financial Corp is a leading diversified international financial services company primarily serving unbanked and under-banked consumers. Its customers are typically service sector individuals who require basic financial services but, for reasons of convenience and accessibility, purchase some or all of their financial services from the Company rather than from banks and other financial institutions. To meet the needs of these customers, the Company provides a range of consumer financial products and services primarily consisting of check cashing, short-term consumer loans, pawn lending, Western Union money order and money transfer products, currency exchange, gold buying, reloadable VISA(R) and MasterCard(R) branded debit cards, electronic tax filing, and bill payment services.
At September 30, 2009, the Company's global store network consisted of 1,188 stores, including 1,032 company-operated financial services stores and 156 franchised and agent locations in the United States, Canada, United Kingdom, Republic of Ireland, and Poland. The financial services store network is the largest network of its kind in each of Canada and the United Kingdom and the second-largest network of its kind in the United States. The Company's customers, many of whom receive income on an irregular basis or from multiple employers, are drawn to the convenient neighborhood locations, extended operating hours and high-quality customer service. The Company's financial products and services, principally check cashing, money transfer, pawn lending and short-term consumer loan programs, provide immediate access to cash for living expenses or other needs. For more information, please visit the Company's website at www.dfg.com.
Source: Dollar Financial Corp
SAN FRANCISCO, Nov. 11 /PRNewswire-FirstCall/ -- Network Computing, the premier resource helping IT decision makers connect the dots between architectural approach and how technology impacts the network, has announced a timely and highly relevant virtual event on next-generation networks. The first ever Network Computing virtual event will take place tomorrow, November 12, 2009 from 10:00 a.m. - 6:00 p.m. ET. Register for the event at http://techweb.com/nwc-virtual.
Network Computing understands that whether it's deploying virtualized servers in the data center, replicating data to and from remote sites, or supporting geographically dispersed organizations, networking standards and technologies provide the foundation for IT. The changes in networking are significant - from adding enhancements to Ethernet to make it reliable and lossless to competing demands for time sensitive applications like VoIP - this timely virtual event aims to address all these issues by providing informative, real-world research data and perspective.
This virtual event will bring attendees up to speed on state of the art networking by discussing the technologies that drive network design and implementations today and in the future. Attendees will learn from peers, analysts, and vendors about where the technologies are today, and how they can prepare for a network overhaul.
The Network Computing Next-Generation Networks Virtual Event will cover:
-- Next Generation Networking
-- Leveraging Tactical Investments of Today for Strategic Application
Delivery of Tomorrow
-- Converged Networking 2009 In The Data Center And Beyond
-- Preparing your WAN for Strategic Data Center Initiatives
-- WAN Optimization: Remote Office Acceleration, Storage Replication,
Disaster Recovery
-- Data Center to Cloud Initiatives
-- Integrating Virtual Servers And The Data Center Network
-- Beyond Load Balancing: Getting More with a Virtual Appliance
"Next generation networking is a great topic for our first virtual event because the network is the foundation that everything in IT rests on. Our panelists and moderators have years of experience in IT and are going to share their practical expertise candidly," said Mike Fratto, Editor, Network Computing. "Attendees will take away something new from this event that will impact their job and their company."
Sponsors of the virtual event include Blue Coat, Citrix, Microsoft, Juniper Networks, Silver Peak, thawte, APC, WMware, Brocade, Infoblox, KACE and nlyte.
For more information and to register for the event, please visit, http://techweb.com/nwc-virtual. The event will be archived for 12 months after the live event date.
About InformationWeek Business Technology Network (http://www.informationweek.com/)
The InformationWeek Business Technology Network provides IT executives with unique analysis and tools that parallel their work flow--from defining and framing objectives through to the evaluation and recommendation of solutions. Anchored by InformationWeek, the multimedia powerhouse that looks across the enterprise, the Network scales across the most critical technology categories with online properties like DarkReading.com (security), IntelligentEnterprise.com (application architecture), NetworkComputing.com (networking and communications) and PlugintotheCloud.com (cloud computing). The Network also provides focused content for key IT targets, such as CIOs, developers and SMBs via InformationWeek Global CIO, Dr. Dobb's and InformationWeek Small Business and bMighty.com, as well as vital vertical industries with InformationWeek Financial Services, Government and Healthcare sites. Content is at the nucleus of our information distribution strategy -- IT professionals turn to our experts and communities to stay informed, get advice and research technologies to make strategic business decisions.
About TechWeb (http://www.techweb.com/aboutus)
TechWeb, the global leader in business technology media, is an innovative business focused on serving the needs of technology decision-makers and marketers worldwide. TechWeb produces the most respected and consumed media brands in the business technology market. Today, more than 13.3 million* business technology professionals actively engage in our communities created around our global face-to-face events Interop, Web 2.0, Black Hat and VoiceCon; online resources such as the InformationWeek Business Technology Network, Light Reading, Network Computing, and Insurance & Technology; and the market leading, award-winning InformationWeek, Wall Street & Technology, and Advanced Trading magazines. TechWeb also provides end-to-end services ranging from next-generation performance marketing to integrated media, market research and analyst services. TechWeb is a division of United Business Media, a global provider of news distribution and specialist information services with a market capitalization of more than $2.5 billion.
*13.3 million business decision-makers: based on number of monthly connections across TechWeb brands.
Contact: Ellen Asuncion
Sr. Marketing Manager
949.223.3622
easuncion@techweb.com
SOURCE TechWeb
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