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The Convertible Notes will be unsecured, unsubordinated obligations of
the Company, will pay interest semiannually at an annual rate of 2.00%
and will be convertible into cash, shares of the Company’s common stock
or a combination of cash and shares of the Company’s common stock, at
the Company’s election, based on the applicable conversion rate at such
time. The Convertible Notes will have an initial conversion rate of
20.5624 shares of the Company’s common stock per
The Company expects to close the offering on or about
This press release is neither an offer to sell nor a solicitation of an offer to buy the Convertible Notes or the shares of common stock issuable upon conversion of Convertible Notes, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the offering, business strategies, market potential, future financial and operational performance and other matters. Words such as “estimates,” “expects,” “projects,” “intends,” “will,” and words and terms of similar substance used in connection with any discussion of future operating or financial performance identify forward-looking statements. These forward-looking statements represent the Company's expectations as of the date of this press release. Subsequent events may cause these expectations to change. Other than as legally required, the Company disclaims any obligations to update or alter these forward-looking statements in the future whether as a result of new information, future events or otherwise. Various factors could also adversely affect the Company’s operations, business or financial results in the future and cause the Company’s actual results to differ materially from those contained in the forward-looking statements, including those factors discussed in detail in the “Risk Factors” sections contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016 (the “Annual Report”), filed with the Securities and Exchange Commission.
Yvonne Donaldson, 713-335-5310