Kilroy Realty Corporation Prices Offering of Common Stock Feb 9, 2012 08:45AM

LOS ANGELES--(BUSINESS WIRE)-- Kilroy Realty Corporation (NYSE: KRC) today announced that it has priced its public offering of 8,250,000 shares of its common stock at $42.00 per share. The offering is expected to close on Tuesday, February 14, 2012, subject to customary closing conditions. The underwriters for the public offering have been granted a 30-day option to purchase up to 1,237,500 additional shares of common stock to cover overallotments, if any. All of the shares are being sold by Kilroy Realty Corporation. Barclays Capital, J.P. Morgan, BofA Merrill Lynch, and Wells Fargo Securities, are acting as joint book-running managers. The estimated net proceeds from the offering are expected to be approximately $332.2 million, before giving effect to any exercise of the underwriters’ overallotment option.

KRC plans to contribute the net proceeds from the offering to Kilroy Realty, L.P., KRC’s operating partnership. The operating partnership plans to use the net proceeds from the offering for general corporate purposes, which may include acquiring properties and repaying outstanding debt, including borrowings under the operating partnership’s credit facility. Pending application of the net proceeds for those purposes, the operating partnership may temporarily invest such net proceeds in marketable securities.

This offering is being made pursuant to an effective shelf registration statement and prospectus and related preliminary prospectus supplement filed by KRC with the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor will there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

When available, copies of the prospectus supplement and related prospectus for this offering may be obtained by contacting Barclays Capital, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone (888) 603-5847 or e-mail a request to barclaysprospectus@broadridge.com; J.P. Morgan, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone (866) 803-9204; BofA Merrill Lynch, 4 World Financial Center, New York, NY 10080, Attention: Prospectus Department or e-mail a request to dg.prospectus_requests@baml.com; or Wells Fargo Securities, 375 Park Avenue, New York, NY 10152, Attention: Equity Syndicate Dept., telephone (800) 326-5897 or cmclientsupport@wellsfargo.com.

This press release contains 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 are based on KRC’s current expectations, beliefs and assumptions, and are not guarantees of future performance. Forward-looking statements are inherently subject to uncertainties, risks, changes in circumstances, trends and factors that are difficult to predict, many of which are outside of KRC’s control. Accordingly, actual performance, results and events may vary materially from those indicated in the forward-looking statements, and you should not rely on the forward-looking statements as predictions of future performance, results or outcomes. Numerous factors could cause actual future events to differ materially from those indicated in the forward-looking statements, including, among others: risks associated with KRC’s investment in real estate assets, which are illiquid, and with trends in the real estate industry; the availability of cash for distribution and debt service and exposure of risk of default under KRC’s debt obligations; significant competition, which may decrease the occupancy and rental rates of properties; the ability to successfully complete acquisitions and dispositions on announced terms; the ability to successfully operate acquired properties; and the ability to successfully complete development and redevelopment properties on schedule and within budgeted amounts. The factors included in this press release are not exhaustive and additional factors could adversely affect KRC’s business and financial performance. For a discussion of additional risk factors, see the factors included under the caption “Risk Factors” in KRC’s Annual Report on Form 10-K for the year ended December 31, 2011, and KRC’s other filings with the Securities and Exchange Commission. All forward-looking statements are based on currently available information and speak only as of the date on which they are made. KRC assumes no obligation to update any forward-looking statement made in this press release that becomes untrue because of subsequent events, new information or otherwise, except to the extent it is required to do so in connection with its ongoing requirements under Federal securities laws.

Kilroy Realty Corporation, a member of the S&P Small Cap 600 Index, is a real estate investment trust active in the office and industrial submarkets along the West Coast. For over 60 years, KRC has owned, developed, acquired and managed real estate assets, consisting primarily of Class A real estate properties in the coastal regions of Los Angeles, Orange County, San Diego County, the San Francisco Bay Area and greater Seattle. At December 31, 2011, KRC owned approximately 11.4 million rentable square feet of commercial office space and 3.4 million rentable square feet of industrial space.

Kilroy Realty CorporationTyler H. RoseExecutive Vice Presidentand Chief Financial Officer310-481-8484orMichelle NgoVice President and Treasurer310-481-8581

Source: Kilroy Realty Corporation


Home Cooks Share How Pantry Staples Can Create Extraordinary Meals Feb 9, 2012 08:44AM

ORRVILLE, Ohio, Feb. 9, 2012 /PRNewswire/ -- Did you know that your pantry is filled with endless possibilities and creative meal potential? Today, the makers of Hungry Jack® Pancake Mix, Syrup, and Potatoes and Chef Kelsey Nixon, star of Cooking Channel's "Kelsey's Essentials," are delighted to announce the top 12 finalists in the Hungry Jack Use Up the Box Recipe Contest. Now through March 14, consumers' votes will help determine which recipes will earn their creators a year's worth of groceries.

The Hungry Jack Use Up the Box Recipe Contest asked at-home cooks from across the country to put their imaginations to the test and discover the creative meal potential waiting to be found from the ingredients found in their pantries. In August 2011, Hungry Jack and Chef Kelsey Nixon invited consumers to submit an original recipe using pancake mix, syrup, or potatoes in the following categories: Brunch, Comfort Foods, Appetizers and Sweet Treats. After the initial round of judging, the top 12 finalists in the four categories are:

Brunch Category:

Mini Maple Bacon BeignetsRobert G., Hayden, IDDenver Haystacks – Stacy R., Gresham, ORPotato, Smoked Gouda and Apple Cups – Kadija B, Margate, FL

 

Comfort Food Category:

Chili Cheese Shepherd's Pie – Cindy S., Carlisle, INCinnamon Apple Dumplings – Patty W., Fredericksburg, VA  Lumber Jack Stew with Mock Indian Fry Bread – Julie D., Clementon, NJ

 

Appetizer Category:

Crispy Chicken with Maple/Dijon Dipping Sauce – Lidia H., Pasadena, CACrispy Corn Fritters with Creamy Maple Chipotle Sauce – Pam C., Brockport, PASpanish-Style Potato Croquettas with Smoked Paprika Aioli – Robert G., Hayden, ID

 

Sweet Treat Category:

Chocolate and Salted Caramel Apple Muffins – Angela O., Bellevue, NEBrowned-Butter Pecan Cake with Quick Bananas Foster Ice Cream – Julie D., Clementon, NJQuick and Easy Snickerdoodle Cupcakes with Maple Frosting – Cinthia C., Bokeelia, FL

"We are delighted to see the exciting results when consumers use pantry staples like pancake mix, syrup and instant mashed potatoes to create new and tasty dishes sure to make their families smile," said Maribeth Badertscher, Vice President, Corporate Communications, The J.M. Smucker Company. "From comfort foods to sweet treats, the great taste and versatility of Hungry Jack products are evident in the fun and creative entries we received this year."

Consumers can now visit www.useupthebox.com to vote for the best recipe and be entered into a daily drawing for a chance to win a daily prize that includes a selection of Hungry Jack brand products (Approximate Retail Value: $25). For Official Rules visit www.useupthebox.com.  Open to Legal Residents of the 50 United States and D.C., 18 years and older. Void where prohibited.

About The J.M. Smucker Company

For more than 110 years, The J.M. Smucker Company has been committed to offering consumers quality products that bring families together to share memorable meals and moments.  Today, Smucker is a leading marketer and manufacturer of fruit spreads, retail packaged coffee, peanut butter, shortening and oils, ice cream toppings, sweetened condensed milk, and health and natural foods beverages in North America. Its family of brands includes Smucker's®, Folgers®, Dunkin' Donuts®, Jif®, Crisco®, Pillsbury®, Eagle Brand®, R.W. Knudsen Family®, Hungry Jack®, Cafe Bustelo®, Cafe Pilon, White Lily® and Martha White® in the United States, along with Robin Hood®, Five Roses®, Carnation® and Bick's® in Canada. The Company remains rooted in the Basic Beliefs of Quality, People, Ethics, Growth and Independence established by its founder and namesake more than a century ago. For more information about the Company, visit www.smuckers.com.

The J.M. Smucker Company is the owner of all trademarks, except Pillsbury, the Barrelhead logo and the Doughboy character are trademarks of The Pillsbury Company, LLC, used under license; Carnation is a trademark of Societe des Produits Nestle S.A., used under license; and Dunkin' Donuts is a registered trademark of DD IP Holder, LLC, used under license. Borden and Elsie are trademarks used under license.

About Basic American Foods

Headquartered in Walnut Creek, California and privately held, Basic American Foods is one of the world's leading suppliers of convenience food products, including dry potato and bean products. Founded more than 75 years ago, Basic American Foods serves foodservice distributors, commercial and non-commercial foodservice operators, industrial, wholesale club, and retail customers in domestic and international markets. For more information visit www.baf.com.

SOURCE The J.M. Smucker Company


ERHC Energy Inc. Reports First Quarter 2012 Financial Results Feb 9, 2012 08:43AM

HOUSTON, Feb. 9, 2012 (GLOBE NEWSWIRE) -- ERHC Energy Inc. (OTCBB: ERHE), a publicly traded American company with oil and gas assets in Sub-Saharan Africa, has announced its results for the first quarter of ERHC's current financial year.

As of December 31, 2011, the Company had cash and cash equivalents and treasury bills totaling $11,920,851, and virtually no debt.

During the first quarter, ERHC's general and administrative expenses totaled $1,040,099, which represented a decrease of approximately 15 percent from the first quarter of fiscal 2011. The decrease was due to an ongoing effort to control and reduce general operating expenses.

ERHC holds oil and gas exploration interests in the Republic of Chad, the Sao Tome and Principe Exclusive Economic Zone (EEZ) and the Nigeria-Sao Tome and Principe Joint Development Zone (JDZ). In the Republic of Chad, ERHC has 100 percent of the interest in BDS 2008 and Manga. The Company has a 50 percent interest in Chari-Ouest Block 3. In the EEZ, ERHC holds 100 percent working interests in Blocks 4 and 11 with an option to acquire up to 15 percent working interests in two more Blocks. In the JDZ, ERHC holds working interests in Blocks 2, 3, 4, 5, 6 and 9.

ERHC has scheduled a conference call at 8:00 a.m. Central Time on Friday, February 10, 2012 to provide an update on company activities and discuss first quarter financial results. Anyone interested in participating can access the call via phone or webcast.

By Phone: Dial 888-669-0684 (US & Canada) or 201-604-0469 (international) at least 10 minutes prior to the call. A telephone replay will be available through February 17, 2012 by dialing 888-632-8973 (US & Canada) or 201-499-0429 (international) and using the access code 25185524#.

By Webcast: Visit the ERHC Investor Center at http://erhc.com/investors/. Please log in at least 10 minutes in advance to register and download any necessary audio software. A replay of the audio webcast will be available shortly after the call.

Those wishing to submit questions beforehand can do so via e-mail at Q1Questions@ERHC.com. Investors participating by phone may ask a question live during the call. Participants also may send questions in advance by clicking on the "submit a question" link under the webcast link at the ERHC Investor Center at http://erhc.com/investors/.

About ERHC Energy

ERHC Energy Inc. is a Houston-based independent oil and gas company focused on growth through high impact exploration in Africa and the development of undeveloped and marginal oil and gas fields. ERHC is committed to creating and delivering significant value for its shareholders, investors and employees, and to sustainable and profitable growth through risk balanced smart exploration, cost efficient development and high margin production. For more information, visit www.erhc.com.

The ERHC Energy Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=11579

Cautionary Statement

This press release contains statements concerning ERHC Energy Inc.'s future operating milestones, future drilling operations, the planned exploration and appraisal program, future prospects, future investment opportunities and financing plans, future shareholders' meetings as well as other matters that are not historical facts or information. Such statements are inherently subject to a variety of risks, assumptions and uncertainties that could cause actual results to differ materially from those anticipated, projected, expressed or implied. A discussion of the risk factors that could impact these areas and the Company's overall business and financial performance can be found in the Company's reports and other filings with the Securities and Exchange Commission. These factors include, among others, those relating to the Company's ability to exploit its commercial interests in Chad, the JDZ and the Exclusive Economic Zone of São Tomé and Príncipe, general economic and business conditions, changes in foreign and domestic oil and gas exploration and production activity, competition, changes in foreign, political, social and economic conditions, regulatory initiatives and compliance with governmental regulations and various other matters, many of which are beyond the Company's control. Given these concerns, investors and analysts should not place undue reliance on these statements. Each of the above statements speaks only as of the date of this press release. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any of the above statements is based.

CONTACT: Dan Keeney, APR
         DPK Public Relations
         832-467-2904
         dan@dpkpr.com

Source: ERHC Energy Inc.


GoGo squeeZ Invites Artists to Design Its First Consumer Generated Logo Feb 9, 2012 08:43AM

National GoGo squeeZ Mobile Playground Tour Across America will Feature Winning Logo in Summer 2012

NEW YORK--(BUSINESS WIRE)-- GoGo squeeZ, the first squeezable, re-sealable, 100 percent fruit applesauce, with an active attitude is inviting artists to unleash their creativity and design the official logo for the launch of the inaugural “Pass the Play” GoGo squeeZ Mobile Playground Tour. The “Pass the Play” tour will travel across the U.S. this summer to provide moments of simple, active fun for kids and adults. The logo design contest, conducted in partnership with Talenthouse, a cutting-edge social media technology platform, is accepting entries from now until March 1st. GoGo squeeZ fans will then be able to lend their voice to the contest by casting votes for their favorite logo from March 2-March 8, 2012.

GoGo squeeZ 4-pack of AppleApple (Photo: Business Wire)

GoGo squeeZ is excited to invite artists to design an original, eye-catching logo that will speak to the playful nature of the mobile tour while reaching GoGo squeeZ’s target audience – kids. To help with this, GoGo squeeZ has enlisted “Blue’s Clues” producer, Dr. Alice Wilder, to spearhead the judging panel that will elect the winning logo design, which will be announced on March 16, 2012. Dr. Wilder, an educational psychologist, is an expert in creating quality programs and products for children.

“I’m thrilled to partner with GoGo squeeZ as they search for a logo that will represent their first mobile tour, a logo that represents the GoGo squeeZ world,” say Dr. Wilder. “I’ll be helping them look for a design that embodies GoGo squeeZ’s persona of simple, active play, which will excite both children and adults alike.”

The “Pass the Play” logo contest is part of GoGo squeeZ’s vision to create a unique fan experience where consumers are invited to join GoGo squeeZ’s world of play by sharing their creative spirit with the brand. As a brand that really values its community, GoGo squeeZ is hoping to take these relationships a step further by allowing consumers to decide how they think GoGo squeeZ would best be represented through the “Pass the Play” mobile tour.

“This is an exciting time for GoGo squeeZ as we embark on a new year for the brand,” says North American Managing Director, Meena Mansharamani. “Kicking-off our first mobile tour by tapping into the creativity and expertise of the design community is a fun, innovative way for us to engage our target consumers. And we’re excited that GoGo squeeZ fans will be able to share their opinions on their favorite logo designs.”

The logo contest’s grand prize winner will receive $3,000 and have their logo displayed on the “Pass the Play” tour. The winning design will also be promoted on GoGo squeeZ’s social media channels and website. One runner-up and a “People’s Choice” winner will have their designs featured on GoGo squeeZ’s social media channels and receive monetary prizes.

The contest is also GoGo squeeZ’s first with Talenthouse, who has previously worked with prominent record labels and fashion houses to host logo design campaigns. Talenthouse Founder and President, Amos Pizzey, adds “We pride ourselves on opening doors for artists to achieve recognition for their talents. Working with GoGo squeeZ, our first consumer product for children, allows us to explore another realm for designers to play.”

Available in six flavors, GoGo squeeZ products come in a re-sealable pouch that features a built-in straw, making it a no-spoon, no-mess way to enjoy fruit on-the-go. It is also all-natural, gluten-free, dairy-free, nut-free and made with no artificial flavors or preservatives. Each pouch contains only 60 calories helping parents to feel confident about the food choices they make for their children and themselves.

Interested artists can learn more about GoGo squeeZ’s Mobile Playground campaign and submit their designs for the logo contest by visiting http://www.facebook.com/i.like.gogosqueez?sk=app_171350439587.

About Materne’s GoGo squeeZ

GoGo squeeZ all-natural squeezable applesauce is simple, yummy fun, and it delights like a game of tag or a run through the sprinkler in the backyard. We believe in real fun foods that are easy, smart and fit into moms’ busy lives, giving them the freedom to say “yes” more often when their kids want a treat. GoGo squeeZ launched in the U.S. in June 2008 and was originally founded in France where it is known as Pom’Potes. Since the brand’s U.S. expansion in 1998, Materne has sold more than 1.9 billion pouches to families around the world. Materne North America is headquartered out of New York City.

For more information, please visit: www.gogosqueez.com or find us on Facebook, Twitter and YouTube.

About Talenthouse

The cutting-edge social media technology platform, Talenthouse, launched in October 2009, utilizing social media to engage consumers and gain reach through life-changing, creative contests. In just two years, Talenthouse has developed more than 150 creative invites, integrating social media technology to aid emerging and established brands and artists gain recognition and virally grow their audiences.

For more information, please click: www.talenthouse.com.

About Dr. Alice Wilder

For over 10 years, Alice served as a Producer and the Director of Research and Development for Nick Jr.’s award winning animated series “Blue’s Clues” and Developer of “Blue’s Room.” Alice is Co-Creator and Head of Research and Education for Super Why!, a PBS Kids property that helps preschoolers learn reading fundamentals through interactive stories.

For more information visit: http://www.twitter.com/alicewilder.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50162924&lang=en

Materne North AmericaJeannette Cornell, 212-675-7881jeannette.cornell@materne.usorDeVries Public RelationsJennifer Ribeiro, 646-253-0228jribeiro@devries-pr.com

Source: Materne North America


CPI Corp. Joins OTCQX Feb 9, 2012 08:40AM

NEW YORK, Feb. 9, 2012 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), the company that operates the world's largest electronic marketplace for broker-dealers to trade unlisted stocks, today announced that CPI Corp. (OTCQX: CPIC), a company specializing in photography services, is now trading on the OTC market's highest tier, OTCQX®.

(Logo: http://photos.prnewswire.com/prnh/20110118/MM31963LOGO )

CPI began trading today on the OTC market's prestigious tier, OTCQX U.S. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.

"CPI Corp. has chosen to remain investor focused as they transition to trade on OTCQX, which allows them to continue to provide superior information and transparent trading on the quality-controlled OTCQX platform," said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. "We are pleased to welcome CPI Corp. to OTCQX."

McDermott Will & Emery LLP will serve as CPI's Designated Advisor for Disclosure ("DAD") on OTCQX, responsible for providing guidance on OTCQX requirements.

About CPI Corp.

CPI Corp. (OTCQX: CPIC) trades in the United States on OTCQX under the symbol "CPIC". For more than 60 years, CPI Corp. has been dedicated to helping customers conveniently create cherished photography portrait keepsakes that capture a lifetime of memories.  Headquartered in St. Louis, Missouri, CPI Corp. provides portrait photography services at approximately 3,000 locations in the United States, Canada, Mexico and Puerto Rico and offers on location wedding photography and videography services through an extensive network of contract photographers and videographers.  CPI's digital format allows its studios and on location business to offer unique posing options, creative photography selections, a wide variety of sizes and an unparalleled assortment of enhancements to customize each portrait – all for an affordable price.

About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates the world's largest OTC marketplace for equity securities.  Our OTC Link trading system delivers price transparency in over 10,000 securities and enables direct interaction between broker-dealers that provide liquidity and execution services.  We organize the marketplace by categorizing the wide spectrum of OTC-traded companies into three tiers: OTCQX - The Intelligent Marketplace for the Best OTC Companies; OTCQB - The Venture Marketplace; and OTC Pink - The Open Marketplace.  Our information-driven platform makes it easy for investors to trade at the best price through the broker of their choice and empowers companies to build the best markets for their investors.  To learn more about our Open, Transparent, and Connected marketplace, visit www.otcmarkets.com.

Subscribe to the OTCQX RSS Feed

SOURCE OTC Markets Group Inc.


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