Pebblebrook Hotel Trust Declares Dividends for the Third Quarter 2013

BETHESDA, Md.--(BUSINESS WIRE)-- Pebblebrook Hotel Trust (NYS: PEB) (the "Company") today announced that its Board of Trustees has authorized, and the Company has declared, a quarterly cash dividend of $0.16 per common share of beneficial interest, to be paid on October 15, 2013 to shareholders of record as of September 30, 2013 (the "Record Date"). The common dividend represents an annualized yield of approximately 2.3% based on the closing price of the common shares on September 12, 2013.

The Board of Trustees also authorized, and the Company has declared, a regular quarterly cash dividend of $0.4921875 per share of the Company's 7.875% Series A Cumulative Redeemable Preferred Shares of Beneficial Interest, a regular quarterly cash dividend of $0.50 per share of the Company's 8.00% Series B Cumulative Redeemable Preferred Shares of Beneficial Interest, and a regular quarterly cash dividend of $0.40625 per share of the Company's 6.50% Series C Cumulative Redeemable Preferred Shares of Beneficial Interest, each of which will be paid on October 15, 2013 to shareholders of record as of the Record Date.

About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust is a publicly traded real estate investment trust ("REIT") organized to opportunistically acquire and invest primarily in upper upscale, full-service hotels located in urban markets in major gateway cities. The Company owns 28 hotels, including 22 wholly owned hotels with a total of 5,191 guest rooms and a 49% joint venture interest in six hotels with a total of 1,733 guest rooms. The Company owns, or has an ownership interest in hotels located in ten states and the District of Columbia, including: Los Angeles, California (Hollywood, Santa Monica, West Hollywood and Westwood); San Diego, California; San Francisco, California; Miami, Florida; Buckhead, Georgia; Bethesda, Maryland; Boston, Massachusetts; Minneapolis, Minnesota; New York, New York; Portland, Oregon; Philadelphia, Pennsylvania; Columbia River Gorge, Washington; Seattle, Washington; and Washington, DC. For more information, please visit us at www.pebblebrookhotels.com and on Twitter at @PebblebrookPEB.

This press release contains statements that are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended, pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements are generally identifiable by use of forward-looking terminology such as "may," "will" or other similar words or expressions. These forward-looking statements relate to the payment of the dividends. Forward-looking statements are based on certain assumptions and can include future expectations, future plans and strategies, financial and operating projections or other forward-looking information. These forward-looking statements are subject to various risks and uncertainties, not all of which are known to the Company and many of which are beyond the Company's control, which could cause actual results to differ materially from such statements. These risks and uncertainties include, but are not limited to, the state of the U.S. economy, supply and demand in the hotel industry and other factors as are described in greater detail in the Company's filings with the Securities and Exchange Commission ("SEC"), including, without limitation, the Company's Annual Report on Form 10-K for the year ended December 31, 2012. Unless legally required, the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For information about the Company's business and financial results, please refer to the "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" sections of the Company's SEC filings, including, but not limited to, its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, copies of which may be obtained at the Investor Relations section of the Company's website at www.pebblebrookhotels.com and at www.sec.gov .

All information in this release is as of September 13, 2013. The Company undertakes no duty to update the statements in this release to conform the statements to actual results or changes in the Company's expectations.

 For additional information or to receive press releases via email, please visit our website at www.pebblebrookhotels.com

Pebblebrook Hotel Trust
Raymond D. Martz, 240-507-1330
Chief Financial Officer

KEYWORDS:   United States  North America  Maryland

INDUSTRY KEYWORDS:

Burlington Announces Second Quarter and Year-To-Date Fiscal 2013 Operating Results

• Comparative store sales increased 7.8% and 5.5% for the three and six months ended August 3, 2013 on top of 2.9% and 1.7% increases in the prior year periods.
• Total Net Sales increased 11.5% and 9.9% during the three and six months ended August 3, 2013 versus last year.
• Adjusted EBITDA increased 68.1%, or $19.0 million, and 36.5%, or $33.8 million during the three and six months ended August 3, 2013, respectively versus last year.
• Adjusted Net Income (Loss) improved $13.9 million and $24.1 million during the three and six months ended August 3, 2013, respectively, versus last year.

BURLINGTON, N.J.--(BUSINESS WIRE)-- Burlington Coat Factory Investments Holdings, Inc. and its operating subsidiaries (the Company), a nationwide retailer based in Burlington, New Jersey, today announced its results for the second quarter and year to date ended August 3, 2013.

Second Quarter Fiscal 2013 Operating Results

Comparative store sales increased 7.8% and total net sales increased 11.5% to $963.7 million for the three months ended August 3, 2013 compared with last year.

Adjusted EBITDA for the three months ended August 3, 2013 increased 68.1%, or $19.0 million, to $46.9 million compared with $27.9 million for the three months ended July 28, 2012. The increase in the Company's Adjusted EBITDA was driven by our 11.5% total sales increase and a 60 basis point increase in gross margin rate.

Adjusted Net Loss improved $13.9 million during this year's second quarter to a loss of $8.0 million. This improvement was driven by improved operating results during this year's quarter, primarily our 7.8% comparative store sales gain and the gross margin rate increase.

Year to Date Fiscal 2013 Operating Results

Comparative store sales increased 5.5% and total net sales increased 9.9% to $2,028.7 million for the six months ended August 3, 2013 compared with last year.

Adjusted EBITDA increased 36.5%, or $33.8 million, to $126.5 million for the six months ended August 3, 2013 compared with last year. The increase was driven by the sales improvement realized during the quarter and a 50 basis point improvement in gross margin rate.

Adjusted Net Income amounted to $3.0 million for the six months period versus a $21.1 million Adjusted Net Loss last year. The improvement is reflective of our sales and margin gains.

Tom Kingsbury, President and Chief Executive Officer stated, "We are proud of our second quarter results including our 68.1% increase in Adjusted EBITDA during the quarter, 11.5% overall sales growth and, most importantly, our 7.8% comparative store sales increase. I would like to thank our store and corporate teams for contributing to these results."

Second Quarter Fiscal 2013 Conference Call

The Company will hold a conference call for investors on Friday, September 13, 2013 at 10:00 am Eastern Time to discuss the Company's second quarter 2013 operating results. Due to the quiet period associated with the Form S-1 filing by Burlington Stores, Inc. (f/k/a Burlington Holdings, Inc.), the indirect parent of the Company, there will not be a question and answer session at the end of the conference call.

To listen to the conference call, please dial 1-877-407-0789. The conference call will be recorded and available for replay beginning at 1:00pm on September 13, 2013 and will be available through September 14, 2013. To access the replay, please dial 1-877-870-5176, then the access number, 10000261. Additionally, a replay of the call will be available for 30 days on the Company's website (www.burlingtoncoatfactory.com).

About Burlington Coat Factory

Burlington Coat Factory is a nationally recognized retailer of high-quality, branded apparel at everyday low prices. The Company currently serves its customers through its 503 stores in 44 states and Puerto Rico. For more information about Burlington Coat Factory, visit our website at www.burlingtoncoatfactory.com.

Safe Harbor for Forward-Looking and Cautionary Statements

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. We do not undertake to publicly update or revise our forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied in such statements will not be realized. The following factors, among others, could cause actual results to differ materially from those expressed or implied in any such forward-looking statements: competition in the retail industry, seasonality of our business, adverse weather conditions, changes in consumer preferences and consumer spending patterns, import risks, inflation, general economic conditions, our ability to implement our strategy, our substantial level of indebtedness and related debt-service obligations, restrictions imposed by covenants in our debt agreements, availability of adequate financing, our dependence on vendors for our merchandise, events affecting the delivery of merchandise to our stores, existence of adverse litigation and risks, availability of desirable locations on suitable terms, and other factors that may be described from time to time in our filings with the Securities and Exchange Commission (SEC). For any of these factors, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, as amended.

Adjusted EBITDA and Adjusted Net Income (Loss)

The following tables calculate the Company's Adjusted Net Income (Loss) and Adjusted EBITDA, both of which are considered Non-GAAP financial measures. Generally, a Non-GAAP financial measure is a numerical measure of a company's performance, financial position or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with GAAP.

Adjusted EBITDA is defined as consolidated net income (loss) for the period plus (i) net interest expense, (ii) loss on the extinguishment of debt, (iii) income tax provision (benefit), (iv) depreciation and amortization, (v) impairment charges, (vi) costs related to debt amendments, (vii) stock option modification expense and (viii) advisory fees.

Adjusted Net Income (Loss) is defined as consolidated net income (loss) for the period plus (i) net favorable lease amortization, (ii) costs related to debt amendments, (iii) loss on the extinguishment of debt, (iv) impairment charges, (v) advisory fees and (vi) stock option modification expense, all of which are tax effected to arrive at Adjusted Net Income (Loss).

The Company presents Adjusted Net Income (Loss) and Adjusted EBITDA because it believes they are useful supplemental measures in evaluating the performance of the business and provide greater transparency into the results of operations. In particular, the Company believes that excluding certain items that may vary substantially in frequency and magnitude from operating income are useful supplemental measures that assist in evaluating the Company's ability to generate earnings and leverage sales, respectively, and to more readily compare these metrics between past and future periods.

The Company believes that Adjusted EBITDA and Adjusted Net Income (Loss) provide investors helpful information with respect to the Company's operations and financial condition. Other companies in the retail industry may calculate these non-GAAP measures differently such that the Company's calculation may not be directly comparable. The adjustments to these metrics are not in accordance with regulations adopted by the SEC that apply to periodic reports presented under the Exchange Act. Accordingly, Adjusted EBITDA and Adjusted Net Income (Loss) may be presented differently in filings made with the SEC than as presented in this report or not presented at all.

Burlington Coat Factory Investments Holdings, Inc.
Robert L. LaPenta, Jr.
Vice President - Treasurer
609-387-7800 ext. 1216

KEYWORDS:   United States  North America  New Jersey

INDUSTRY KEYWORDS:

COPT to Participate in BMO's 8 ^th Annual North American Real Estate Conference

COLUMBIA, Md.--(BUSINESS WIRE)-- Corporate Office Properties Trust ("COPT" or the "Company") (NYS: OFC) announced that, on September 16, 2013 at 4:45 p.m. Eastern Time (3:45 p.m. Central Time), Roger A. Waesche, Jr., President & CEO, will participate in a panel discussion at BMO's 8^th Annual North American Real Estate Conference at the Trump International Hotel & Tower in Chicago, IL.

A live audio webcast of the panel discussion and materials encompassing the information provided during the panel discussion and conference will be available in the Investor Relations section of the Company's website, www.copt.com. The replay will be available for 90 days after the presentation.

Company Information

COPT is an office REIT that focuses primarily on serving the specialized requirements of U.S. Government agencies and defense contractors, most of whom are engaged in defense information technology and national security-related activities. The Company generally acquires, develops, manages and leases office and data center properties concentrated in large office parks primarily located near knowledge-based government demand drivers and/or in targeted markets or submarkets in the Greater Washington, DC/Baltimore region. As of June 30, 2013, the Company's consolidated portfolio consisted of 210 office properties totaling 19.0million rentable square feet. COPT is an S&P MidCap 400 company.

Forward-Looking Information

This press release may contain "forward-looking" statements, as defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, that are based on the Company's current expectations, estimates and projections about future events and financial trends affecting the Company. Forward-looking statements can be identified by the use of words such as "may," "will," "should," "could," "believe," "anticipate," "expect," "estimate," "plan" or other comparable terminology. Forward-looking statements are inherently subject to risks and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate. Accordingly, the Company can give no assurance that these expectations, estimates and projections will be achieved. Future events and actual results may differ materially from those discussed in the forward-looking statements.

Important factors that may affect these expectations, estimates, and projections include, but are not limited to:

• general economic and business conditions, which will, among other things, affect office property and data center demand and rents, tenant creditworthiness, interest rates, financing availability and property values;
• adverse changes in the real estate markets including, among other things, increased competition with other companies;
• governmental actions and initiatives, including risks associated with the impact of a government shutdown or budgetary reductions or impasses, such as a reduction in rental revenues, non-renewal of leases, and/or a curtailment of demand for additional space by the Company's strategic customers;
• the Company's ability to borrow on favorable terms;
• risks of real estate acquisition and development activities, including, among other things, risks that development projects may not be completed on schedule, that tenants may not take occupancy or pay rent or that development or operating costs may be greater than anticipated;
• the Company's ability to sell properties included in its Strategic Reallocation Plan;
• risks of investing through joint venture structures, including risks that the Company's joint venture partners may not fulfill their financial obligations as investors or may take actions that are inconsistent with the Company's objectives;
• changes in the Company's plans for properties or views of market economic conditions or failure to obtain development rights, either of which could result in recognition of significant impairment losses;
• the Company's ability to satisfy and operate effectively under Federal income tax rules relating to real estate investment trusts and partnerships;
• the Company's ability to achieve projected results; and
• environmental requirements.

The Company undertakes no obligation to update or supplement any forward-looking statements. For further information, please refer to the Company's filings with the Securities and Exchange Commission, particularly the section entitled "Risk Factors" in Item 1A of the Company's Annual Report on Form 10-K for the year ended December 31, 2012 and the prospectus supplement and accompanying prospectus relating to the Notes.

Corporate Office Properties Trust
Stephanie Krewson, 443-285-5453
stephanie.krewson@copt.com
or
Michelle Layne, 443-285-5452
michelle.layne@copt.com

KEYWORDS:   United States  North America  Illinois  Maryland

INDUSTRY KEYWORDS:

Hot Topics Recap: Hispanic Heritage Month 2013

NEW YORK--(BUSINESS WIRE)-- The following releases focus on Hispanic Heritage Month 2013:

NEW YORK-- Time Warner Cable Celebrates Hispanic Heritage Month on Movies on Demand Source: Time Warner Cable

UNIVERSAL CITY, Calif.-- 'mun2 News Special Hecho En America' Premieres Saturday, September 28 at 4 P.M. EST/2 P.M. CST: Inspiring Stories of Latinos Achieving the American Dream Source: mun2

WASHINGTON-- Hispanic Heritage Foundation Honors Latino Leaders During 26th Annual Awards at Kennedy Center Source: The Hispanic Heritage Foundation

WASHINGTON-- Herbalife Joins 26th Annual Hispanic Heritage Awards as Sponsor of Inspira Award Source: Herbalife

HERSHEY, Pa.-- Photos of Hershey Company Presenting Vision Award to Lucero at Hispanic Heritage Awards Available on Business Wire's Website and AP PhotoExpress Source: Hershey

ATLANTA-- The Coca-Cola Company and the Hispanic Scholarship Fund 'Share Possibilities' Through Scholarship Program for Hispanic Students Source: The Coca-Cola Company

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Business Wire, New York
Mike Maguire, +1 212-752-9600
Twitter: @BWSportsWire

KEYWORDS:   United States  North America  California  Florida  Nebraska  New York

INDUSTRY KEYWORDS:

Canadian, US Wireless Industries Out-Perform Those in Europe, in Part Due to Regulatory Differences

New report from Navigant Economics highlights key trends and infrastructure differences between North American and European markets

CHICAGO--(BUSINESS WIRE)-- According to a new study from Navigant Economics, Canadian and U.S. wireless markets outperform those in Europe in higher levels of investment, innovation and customer usage. Now, however, according to the study's authors, Canadian regulators are changing some of the policies that have been responsible for that country's success and are adopting policies similar to those in Europe.

"Canadian regulators appear to be moving in the direction of adopting the sorts of policies that have led to market fragmentation and stalled investment and innovation in Europe," said Jeff Eisenach, Managing Director of Navigant's Economics practice and a co-author of the report. "As the report concludes, policies designed to 'promote competition' by artificially increasing the number of competitors have been shown to fail in Europe and should be avoided in North America."

According to the report, North American mobile wireless consumers use their devices for both voice and data services far more intensely than those in Europe. These consumers also enjoy a faster, more capable wireless network. Other findings from the report include:

• North Americans use two to five times more voice time and twice as much data than Europeans.
• Canadian wireless carriers invest 2.3 times those in Europe, per connection, in infrastructure.
• North American wireless speeds are 75 percent faster than the European average - a gap that is expected to grow.
• While North American and European consumers are equally likely to own smartphones, North American consumers are more likely to use their phones for web-related activities including mobile banking, watching video on their phones and browsing the web.

"Consumers in North America increasingly benefit from more advanced networks than those in Europe and as a result, consume more services," said Mr. Eisenach. "This leads to additional revenue generation necessary to support ongoing investments. It's a continuing cycle resulting in a constant stream of benefits recognized by consumers. In contrast, European countries have adopted policies trying to force more competitors into a market, which has resulted in companies that are too fragmented to invest in new infrastructure, causing a problematic cycle of declining network capacity and quality."

To learn more about the differences between the mobile markets in North America and Europe, and how regulation plays a role in these differences, download a copy of the report at www.navigant.com/canada-mobile-report. The study was authored by Erik Bohlin, Kevin W. Caves and Jeff Eisenach and sponsored by Canadian telecommunications carrier TELUS.

About Navigant

Navigant (NYS: NCI) is a specialized, global expert services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities. Through senior level engagement with clients, Navigant professionals combine technical expertise in Disputes and Investigations, Economics, Financial Advisory and Management Consulting, with business pragmatism in the highly regulated Construction, Energy, Financial Services and Healthcare industries to support clients in addressing their most critical business needs. More information about Navigant can be found at www.navigant.com.

Navigant Communications
Jennifer Marshall, 312-583-4166
or
Navigant Investor Relations
Paul Longhini, 312-583-5836

KEYWORDS:   United States  North America  Canada  Illinois

INDUSTRY KEYWORDS:

MaxLinear's Four-Channel Receivers Bring Multi-Channel TV to Mid-Tier Satellite Markets

• MxL540 Family of Four-Channel Front-End Receivers Enable a New Class of Gateways That Allow Manufacturers to Cost Effectively Upgrade Existing Single and Dual-Channel Satellite Systems

CARLSBAD, Calif.--(BUSINESS WIRE)-- MaxLinear Inc. (NYS: MXL) , a leading provider of integrated radio frequency (RF) and mixed-signal integrated circuits for broadband communications applications, today announced the MxL540 product family - MxL541, MxL542 and MxL544 - of four-channel tuner-demodulators for DVB-S/S2 satellite systems.

These new 40nm digital CMOS products, which reduce overall system costs, are aimed at manufacturers of single and dual-channel satellite systems to upgrade to four-channels and allow customers to watch these channels from their televisions, tablet computers, personal computers or smartphones.

MxL540 products feature MaxLinear's Full-Spectrum Capture™ (FSC™) technology, which digitizes the entire 950-2150 MHz satellite spectrum and replaces up to four discrete tuners and demodulators with a single chip. MxL540 products have one to four inputs and can output up to four channels.

MxL540 products are the latest addition to MaxLinear's MxL500 family of satellite FSC TV receivers. This family is designed to exceed the signal reception performance and low power needs of tomorrow's satellite systems that deliver multi-screen viewing, personal video recorder (PVR) functionality, emerging "catch-up television" features and fast channel change capability.

"Mid-tier satellite markets are on the cusp of migrating from single or dual channels to multi-channels, driven largely by multiple TVs in homes, catch-up TV, PVR, and multi-screen viewing," said Brian Sprague, MaxLinear Vice President and General Manager, Broadband and Consumer Products. "Leveraging FSC technology, the MxL540 product family is ideally positioned to enable this progression for operators and OEMs allowing them to deliver systems with industry leading power and performance at compelling price points."

Technical Highlights

MxL541 and MxL544 can receive L-Band (950-2350 MHz) spectrum and they have one and four RF inputs respectively. The MxL542 has two RF inputs that can receive Extended L-Band (300-2350 MHz) spectrum on each of its inputs. All these devices are available in very small form factor, pin-compatible 10mm x 10mm QFN packages ideally suited for minimizing system-manufacturing costs.

The parts are pin compatible with MaxLinear's six and eight-channel solutions to allow manufacturers to reuse and scale the design with additional channels.

The low power and power control flexibility of the MxL541, MxL542 and MxL544 ensure compliance with the requirements of Energy Star and the European Code of Conduct for Digital TV Services and Broadband Equipment for both standby and operating modes.

Advantages of MxL541, MxL542 and MxL544 include:

• Full-Spectrum Capture: Receives up to four channels located anywhere in the entire satellite spectrum when used with channel stacking LNBs (for MxL541), wideband LNBs (for MxL542) or quad/quattro LNBs (for MxL544).
• Ultra-low power: Consumes less than a third of the power consumed by a discrete four-channel solution. This reduces the overall costs associated with thermal mitigation inside a gateway and helps meet Energy Star requirements.
• Low system cost: Integrates all active components including low noise amplifier (LNA), multiple tuners and demodulators, which translates into lower bill of materials (BOM).
• Simple system design: Dramatically reduces the number of components required around the chip by up to 75%, which simplifies the frontend design and reduces time-to-market.
• Versatile transport interface: Features a built-in transport engine that can interface to almost all backend SoCs.
• Remote spectrum monitoring: Has built-in performance monitoring and remote diagnostics capability that reduces truck rolls for satellite operators.
• Fast channel change: Facilitates fast and seamless channel change thanks to FSC technology and multiple demodulators.

Availability

Samples of MxL540 product family are available now. The chips will ramp into mass production in Q4 2013.

About MaxLinear, Inc.

MaxLinear, Inc. is a leading provider of radio-frequency and mixed-signal semiconductor solutions for broadband communications applications. MaxLinear is located in Carlsbad, California, and its address on the Internet is www.maxlinear.com.

MxL, Full-Spectrum Capture, FSC and the MaxLinear logo are trademarks of MaxLinear, Inc. Other trademarks appearing herein are the property of their respective owners.

Cautionary Note About Forward-Looking Statements

This press release contains "forward-looking" statements within the meaning of federal securities laws. Forward-looking statements include, among others, statements concerning or implying future financial performance or trends and growth opportunities affecting MaxLinear, in particular statements relating to the MxL540 product family and MaxLinear's Full-Spectrum Capture™ (FSC™) technology. These forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from any future results expressed or implied by these forward-looking statements. We cannot predict whether or to what extent we will realize additional revenues from the MxL540 product family. Forward-looking statements are based on management's current, preliminary expectations and are subject to various risks and uncertainties, including (among others) intense competition in our industry; the ability of our customers to cancel or reduce orders; uncertainties concerning how end user markets for our products will develop; our lack of long-term supply contracts and dependence on limited sources of supply; potential decreases in average selling prices for our products; and on-going intellectual property litigation related to our hybrid television tuner products. In addition to these risks and uncertainties, investors should review the risks and uncertainties contained in MaxLinear's filings with the United States Securities and Exchange Commission, including risks and uncertainties identified in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2013. All forward-looking statements are qualified in their entirety by this cautionary statement. MaxLinear is providing this information as of the date of this release and does not undertake any obligation to update any forward-looking statements contained in this release as a result of new information, future events, or otherwise.

MaxLinear Inc. Press Contact:
The David James Agency LLC
David Rodewald
805-494-9508
david@davidjamesagency.com
or
MaxLinear Inc. Corporate Contact:
Yves Rasse
Senior Director, Consumer Product Line
760-692-0711
yrasse@maxlinear.com

KEYWORDS:   United States  North America  California

INDUSTRY KEYWORDS:

Wells Fargo/Gallup: Investor Optimism Loses Most of Second Quarter Gains Due to Stock Market Concerns

Four in Ten Pre-Retired Investors Fear Repeat of Financial Crisis

69% of Investors Say Slow Growth Economy Will Be Norm for Lifetime

73% Expect U.S. Retirement Crisis in Next 20-30 Years

CHARLOTTE, N.C.--(BUSINESS WIRE)-- The Wells Fargo/Gallup Investor and Retirement Optimism Index fell 10 points in the third quarter to +33, down from +43 recorded in May. Among retired investors, third quarter optimism has fallen 18 points since May to +14, but optimism among non-retired investors has waned only slightly in the third quarter, falling five points since May to +40. Answers related to questions about the stock market and inflation showed the greatest decline in optimism and contributed to the overall Index dip.

Five years after Lehman Brothers filed for bankruptcy, setting off the 2008-2009 global financial crisis and recession from which the U.S. economy has still not fully recovered, four in 10 non-retired investors (41%) say they are "extremely" or "very worried" about a repeat of this event in their retirement years, surpassing concerns about having a lower standard of living (28%), running out of money (26%) or having to work in retirement (25%). In addition, more than two-thirds of investors see a "slow" or "non-growing" U.S. economy for their lifetime as the norm.

"Over the summer, investors watched rising mortgage rates, a volatile stock market and stubborn unemployment figures - all of which understandably impact optimism. What is so striking to me is the fact that five years after the market collapse, non-retired investors harbor significant concerns about a repeat financial crisis. The past continues to color their view of retirement, and whether the stock market is a place where they can invest and grow savings," said Joe Ready, director of Institutional Retirement and Trust at Wells Fargo.

Investor Wariness Prevails, Affecting Retirement Confidence

A majority (69%) of investors say this year's stock market increases do not make them any "less fearful about sustained losses" if the market were to fall similar to the 2008-2009 downturn. Fifty-nine percent of retired and 51% of non-retired investors say they haven't seen a "noticeable increase" in their retirement account values as a result of stock market increases.

Only 14% say the stock market increases have made them feel "a lot" or "somewhat" more confident about their retirement future.

Perhaps more evidence of investor ambivalence about the stock market is the fact that on average, retired investors estimate that 39% of all their assets, not including cash or savings accounts, are actually invested in stocks or bonds. For non-retired investors the figure is 34%.

In the poll, investors were asked what would encourage average American investors to invest in the stock market: 60% - the highest percentage - said lower unemployment and a stronger economy would make the stock market more attractive. This factor was followed by 41% who said a "greater personal understanding of the stock market."

"According to the poll, the average investor is not highly invested in the market in either equities or bonds, and it appears that a more stable economy with better employment prospects would encourage more participation," added Ready.

Majority Foresees Gloom for U.S. Retirement

One of the more striking indicators in the poll is how troubled investors feel about the future retirement state for Americans. Almost three-quarters (73%) of investors believe "the U.S. is headed for a major retirement crisis in the next 20 to 30 years that will result in large populations living at a far reduced standard of living, or at the poverty line."

Widespread agreement with the gloomy retirement scenario is seen broadly among both retired (69%) and non-retired (75%) investors, as well as across other subgroups of investors, such as by gender, income, and education.

Investors Speak Out on Key Washington Issues

In addition, investor confidence in the Fed's ability to manage the low interest rate policy has slipped with half of investors saying that low interest rates are creating a bubble that will cause "a lot of harm to the economy when it crashes," up from 43% in May.

Asked which of two approaches to handling the looming debt ceiling deadline Congress should take, a slight majority, 52%, say that given the fragility of the economy, it is most important that Congress avoid a battle over raising the debt ceiling and "avoid shutting down the government." Less than half, 45%, think it's more important Congress use the debt ceiling debate and federal budget process to limit federal government spending, even if it results in a government shutdown.

The Bright Side: Pre-Retirees Exhibiting More Planning and Knowledge About Preparing for Retirement

The percentage of pre-retirees reporting they have both developed a specific financial plan to reach their retirement and investment goals, and havewritten that plan down, has climbed to 39% in August, from 37% in May and 29% in March. Similarly, the percentage saying they have taken the time to calculate a good financial estimate of how much they will need to save now to retire comfortably -- as opposed to guessing -- is now 60%, up from 53% in May and 45% in March.

Along with this positive trend for retirement preparation, a majority of investors, (84%), rate both "the time in your life at which you began to save for retirement" and "how much you save each year" as "extremely" or "very important" factors in determining whether you will save enough to live comfortably after retirement. Somewhat fewer consider selecting the right investment funds (75%), the amount of investment gains made each year (70%), or having low fees on investment funds (62%) as being important.

Taken together, Ready said, "The findings indicate investors understand they will need to save their way to a secure retirement, not merely invest their way there; and they are taking more responsibility for their savings through better planning."

About the Wells Fargo-Gallup Investor and Retirement Optimism Index

These findings are part of the Wells Fargo-Gallup Investor and Retirement Optimism Index, which was conducted August 14-21, 2013 by telephone. The sampling for the Index included 1,018 investors randomly selected from across the country with a margin of sampling error is +/- three percentage points. For this study, the American investor is defined as any person who is head of a household or a spouse in any household with total savings and investments of $10,000 or more. About two in five American households have at least $10,000 in savings and investments. The sample size is comprised of 73% non-retired and 27% retirees. Of total respondents, 58% had reported annual income of less than $90,000 and 42% of $90,000 or more. The Wells-Fargo Gallup Investor and Retirement Index is an enhanced version of Gallup's Index of Investor Optimism that provides its historical data. The median age of the non-retired investor is 48 and the retiree is 69.

The Index had a baseline score of 124 when it was established in October 1996. It peaked at 178 in January 2000, at the height of the dot-com boom, and hit a low of negative 64 in February 2009.

About Wells Fargo Wealth, Brokerage and Retirement

Wells Fargo Wealth, Brokerage and Retirement (WBR) is one of the largest wealth managers in the U.S. WBR includes Wells Fargo Advisors, the third-largest brokerage in the U.S.; Wells Fargo Private Bank, serving high-net-worth individuals and families; Abbot Downing, serving ultra-high-net-worth families; and Wells Fargo Retirement, which manages $279 billion in institutional retirement plan and pension assets for 3.7 million Americans. Wells Fargo Advisors is the trade name used by two separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company: Wells Fargo Advisors, LLC, and Wells Fargo Advisors Financial Network, LLC (members SIPC).

About Wells Fargo & Company (Twitter @WellsFargo)

Wells Fargo & Company (NYS: WFC) is a nationwide, diversified, community-based financial services company with $1.4 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, and the Internet (wellsfargo.com), and has offices in more than 35 countries to support the bank's customers who conduct business in the global economy. With more than 270,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 25 on Fortune's 2013 rankings of America's largest corporations. Wells Fargo's vision is to satisfy all our customers' financial needs and help them succeed financially. Wells Fargo perspectives are also available at blog.wellsfargo.com.

About Gallup

For more than 70 years, Gallup has been a recognized leader in the measurement and analysis of people's attitudes, opinions and behavior. While best known for the Gallup Poll, founded in 1935, Gallup's current activities consist largely of providing marketing and management research, advisory services and education to the world's largest corporations and institutions.

Note: Complete survey results and a chart showing the index movement are available upon request.

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Wells Fargo & Company
Media:
Leslie Ingberg, 612-667-0265
leslie.ingberg@wellsfargo.com
Allison Leong, 212-350-3824
allison.chin-leong@wellsfargo.com

KEYWORDS:   United States  North America  California  North Carolina

INDUSTRY KEYWORDS:

Oceanic Time Warner Cable to Launch Free TWC WiFi ^TM Network for its Internet Customers

Build-out Underway; Offers Access to Cable WiFi ^®, the Nation's Largest Free WiFi Network With Over 150,000 Hotspots

HONOLULU--(BUSINESS WIRE)-- Oceanic Time Warner Cable today announced that the company has begun deployment of TWC WiFi™, a statewide WiFi Hotspot network for its customers. Access to the TWC WiFi network is free to Oceanic Time Warner Cable customers with Standard Internet or above and to Oceanic Time Warner Cable Business Class Internet customers.

"Increasingly, our Hawaii customers want to take their high-speed Internet with them out of the home and on-the-go," said Oceanic President Bob Barlow. "The TWC WiFi network we're building for Hawaii will allow our customers to greatly maximize their TWC Internet subscription - at no additional charge."

On Oahu, customers today can access over 400 TWC WiFi Hotspots with hundreds more coming in 2013 as Oceanic Time Warner Cable builds out the network. TWC WiFi will be introduced at popular locations where residents eat, live and play. Recent additions are Sunset Beach, Kailua District Park and the Stan Sheriff Arena.

To connect to TWC WiFi, users should look for the TWCWiFi network name in their connection manager, open their browser and login. To easily locate and access TWC WiFi Hotspots, customers are encouraged to download the free TWC WiFi Finder app available in Google Play and the Apple App Store or visit www.twc.com/wificoverage to view the hotspot coverage map.

Oceanic Time Warner Cable Internet customers also have access to the nation's largest free WiFi Hotspot network, with over 150,000 hotspots, through the Cable WiFi network name. The network enables Oceanic Time Warner Cable Internet customers to access the hotspots operated by TWC and other cable companies in major cities across the country including New York City, Los Angeles, Chicago, Philadelphia, Atlanta, Baltimore, Boston, Washington, D.C., San Francisco, Orlando, Tampa, Kansas City, Austin, Charlotte and more.

For more information about Time Warner Cable WiFi, visit www.twc.com/wifi.

About Oceanic Time Warner Cable

Oceanic currently delivers a diverse selection of entertainment and information services by way of an advanced fiber optic/coax network to more than 400,000 households, schools and businesses on Oahu, Maui, Kauai, Molokai, Lanai and the Big Island. Among its products are Digital TV, Internet and Home Phone services. The company has provided quality cable service for Hawaii residents since 1969.

About Time Warner Cable

Time Warner Cable Inc. (NYS: TWC) is among the largest providers of video, high-speed data and voice services in the United States, connecting more than 15 million customers to entertainment, information and each other. Time Warner Cable Business Class offers data, video and voice services to businesses of all sizes, cell tower backhaul services to wireless carriers and managed and outsourced information technology solutions and cloud services. Time Warner Cable Media, the advertising arm of Time Warner Cable, offers national, regional and local companies innovative advertising solutions. More information about the services of Time Warner Cable is available at www.twc.com, www.twcbc.com and www.twcmedia.com.

Media:
Time Warner Cable
Judy Barbao, 614-481-5389
judy.barbao@twcable.com

KEYWORDS:   United States  North America  Hawaii

INDUSTRY KEYWORDS:

Helping People Understand Medicare During National Medicare Education Week

• Educational events and free online resources to help Medicare beneficiaries and others learn more before open enrollment

MINNETONKA, Minn.--(BUSINESS WIRE)-- The second annual National Medicare Education Week begins Sunday, Sept. 15, exactly one month before the start of Medicare's annual Open Enrollment Period (Oct. 15-Dec. 7). The week is a UnitedHealthcare initiative to help baby boomers, Medicare beneficiaries, their families and caregivers learn more about Medicare.

The Medicare Made Clear Index, a recently conducted survey of 1,000 older adults, found that 1 in 5 Medicare beneficiaries ages 65 and older described Medicare as confusing, and most could not correctly identify the health care expenses that Medicare Parts A, B, C and D cover. For example, only 35 percent of respondents knew that Medicare Part B provides coverage for doctor's visits, and just 5 percent knew that Medicare Part C, which is also known as Medicare Advantage, covers hospital care, doctor visits and prescription drug costs.

Baby boomers in their early 60s who are approaching Medicare eligibility also struggle to understand the program, with 70 percent describing their understanding of Medicare as "fair" or "poor." More than half say they wouldn't "know where to begin" when it comes to preparing for the transition from employer-sponsored insurance to Medicare.

"Dispelling Medicare confusion is important because health care decisions can have a significant impact on the well-being - and wallets - of seniors and other Medicare beneficiaries," said Jack Larsen, CEO of UnitedHealthcare Medicare & Retirement, the largest business dedicated to the health and well-being needs of seniors and other Medicare beneficiaries. "Medicare is not a one-size-fits-all program, and making coverage choices requires thoughtful planning."

National Medicare Education Week is also supported by AARP, Ameriprise Financial, the Caregiver Action Network, the National Association of Area Agencies on Aging (n4a), Target, Walgreens, Walmart and Sam's Club.

Medicare Education Opportunities in Local Communities and Online
During National Medicare Education Week, UnitedHealthcare will host dozens of Medicare education events in more than 15 cities. At the events, local UnitedHealthcare representatives will present information to help answer some of the most common Medicare questions. Among the topics that will be covered are:

• The different types of Medicare coverage, and how people can determine what coverage is right for them;
• How and when to enroll in Medicare, including tips for people who choose to delay enrollment past age 65;
• Recent changes to Medicare; and
• Online and community resources to help people learn more about Medicare.

The information presented at these community meetings will also be available online at NMEW.com, and in Spanish at SolucionesdeMedicare.com, so that people nationwide can virtually participate in the events.

Visitors to NMEW.com will find links to MedicareMadeClear.com where they can learn more about Medicare. The site contains a variety of information, tips and tools to suit multiple learning preferences, such as plan-comparison worksheets, a decision road map to help navigate the enrollment process and a glossary of Medicare terminology. Those who learn best with interactive tools can view videos on the site covering topics ranging from Medicare basics to saving money on Medicare coverage. The videos use basic language and engaging graphics and illustrations to explain some of the details about Medicare that people often find confusing.

For more information about National Medicare Education Week and the educational events, visit NMEW.com.

About the Medicare Made Clear Index
The Medicare Made Clear Index was conducted by UnitedHealthcare. From June 5, 2013, to July 5, 2013, Penn Schoen Berland completed 1,000 telephone interviews, including nationally representative samples of Americans ages 60 and older. The margin of error for people ages 60-64 is +/-5.4 percent, and the margin of error for people ages 65 and older is +/-3.9 percent.

About UnitedHealthcare
UnitedHealthcare is dedicated to helping people nationwide live healthier lives by simplifying the health care experience, meeting consumer health and wellness needs, and sustaining trusted relationships with care providers. The company offers the full spectrum of health benefit programs for individuals, employers and Medicare and Medicaid beneficiaries, and contracts directly with 780,000 physicians and other health care professionals and 5,900 hospitals and other care facilities nationwide. UnitedHealthcare serves more than 40 million people in health benefits and is one of the businesses of UnitedHealth Group (NYS: UNH) , a diversified Fortune 50 health and well-being company.

Click here to subscribe to Mobile Alerts for UnitedHealth Group.

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UnitedHealthcare
Betsy Chin, 952-931-6119
Betsy.Chin@uhc.com

KEYWORDS:   United States  North America  Minnesota

INDUSTRY KEYWORDS:

MoneyGram Signs Agreement with Poste Italiane

ROME--(BUSINESS WIRE)-- MoneyGram (NAS: MGI) , a leading global money transfer company, announced today that it has signed an agreement with Poste Italiane, the postal services' operator in Italy. Through this agreement, MoneyGram will continue to offer services to consumers at convenient locations close to where they live and work.

"Signing such an important agreement is integral to serving our customers' needs in Italy, and brings them closer to their friends and family across the globe," said Pamela Patsley, chairman and chief executive officer at MoneyGram. "Since we began working with Poste Italiane, we have formed a very successful, strong relationship. We look forward to continuing our relationship with Poste Italiane for years to come."

Poste Italiane (Italian Post Office) is the largest and most diverse infrastructure in logistic and technology solutions in Italy. It provides postal, financial, insurance and mobile telephony solutions to individuals, private corporations and public authorities. With its extensive network in the nation, Poste Italiane serves around 37 million clients throughout Italy. There are now more than 9000 Poste Italiane offices available for money transfer service with MoneyGram.

"This agreement strengthens a long-term successful cooperation that we have had for years and consolidates Poste Italiane's share in the money transfer industry, which is growing strongly by the remittances from foreign residents in Italy toward their homeland. Today's signing allows us to offer to our customers that send money abroad a more effective and convenient financial service," explains Massimo Sarmi, the CEO of Poste Italiane.

Offering services to consumers in Italy is a priority for MoneyGram and Poste Italiane, as the country is a key country for remittances. According to Bancad'Italia, more than 6.8 billion Euro in remittances were made in 2012. Residents primarily send funds to friends and family in China, Philippines, Romania, Senegal, Morocco, Poland, India and Albania.

MoneyGram's growth strategy includes aligning with postal operators to provide consumers with convenient access to reliable money transfer services in easily accessible locations. MoneyGram has relationships with postal services in countries including the United Kingdom, Canada and the Netherlands, and plans to continue expanding those relationships.

About MoneyGram International

MoneyGram International, a leading money transfer company, enables consumers who are not fully served by traditional financial institutions to meet their financial needs. MoneyGram offers money transfer services worldwide through a global network of 327,000 agent locations -- including retailers, international post offices and financial institutions -- in nearly 200 countries and territories. MoneyGram also offers bill payment services in the United States and Canada. MoneyGram is listed on the NASDAQ Stock Exchange under the ticker symbol MGI. To learn more about money transfer or bill payment at an agent location or online, please visit moneygram.com or connect with us on Facebook.

MoneyGram International
Mike Gutierrez, 214-303-9923
media@moneygram.com

KEYWORDS:   United States  Europe  North America  Texas  Italy

INDUSTRY KEYWORDS:

Kohl's Department Stores Continues Its Title Sponsorship of the JDRF Kohl's Walk to Cure Diabetes

More than 1,600 Kohl's associates, friends and family to participate in the baseball-themed JDRF Kohl's Walk to Cure Diabetes

MENOMONEE FALLS, Wis.--(BUSINESS WIRE)-- Today, Kohl's Department Stores (NYSE: KSS) announced that in support of curing type 1 diabetes (T1D) and improving the lives of local children, more than 1,600 Kohl's associates, friends and family will take part in the JDRF Kohl's Walk to Cure Diabetes on September 14, 2013 at the Milwaukee County Zoo. Complete with baseball-themed kids' activities to help 'Knock T1D Out of the Park', the annual event represents Kohl's Cares® commitment to JDRF and focuses on the lives of children in the communities it serves.

"Kohl's Cares is proud to continue its support of JDRF and join hundreds of local families at the 2013 JDRF Kohl's Walk to Cure Diabetes," said Michelle Gass, Kohl's chief customer officer. "Kohl's Cares and JDRF share a commitment to children's health and we applaud the work JDRF is doing to improve the lives of those affected by type 1 diabetes in our community."

"The JDRF mission is to discover, develop and deliver advances that cure, better treat and prevent type 1 diabetes and Kohl's Cares partnership and support brings us even closer to reaching this mission," said Wendy Hanisch, JDRF Executive Director. "We are touched by the overwhelming involvement of the more than 1,600 Kohl's participants in the 2013 JDRF Kohl's Walk to Cure Diabetes and are confident that together we will continue to develop better treatments and one day a cure for those with type 1 diabetes and their families."

Since 1996, Kohl's and Kohl's Cares have contributed more than $2 million to support JDRF. In 2010, Kohl's Cares became the title sponsor of the JDRF Kohl's Walk to Cure Diabetes and has donated $100,000 annually to support the cause.

The support of JDRF builds upon Kohl's long history of charitable involvement in the communities it serves. Since 2000, Kohl's and the Kohl's Cares program have combined to give nearly $64 million to support charitable initiatives in the metro-Milwaukee area.

Kohl's Cares, the philanthropic platform of Kohl's Department Stores, is committed to giving back to the communities it serves by supporting kids' health and education nationwide, women's health and the fight against breast cancer, and environmental initiatives. Since 2000, Kohl's has raised more than $231 million for kids health and education initiatives through the Kohl's Cares® cause merchandise program, recognized more than 19,000 outstanding kids through the Kohl's Cares Scholarship Program and donated more than 2.2 million hours of volunteer time through the Associates in Action volunteer program. For more information on Kohl's Cares, visit www.Kohls.com/Cares.

About Kohl's

Based in Menomonee Falls, Wis., Kohl's (NYS: KSS) is a family-focused, value-oriented specialty department store offering moderately priced, exclusive and national brand apparel, shoes, accessories, beauty and home products in an exciting shopping environment. With a commitment to environmental leadership, Kohl's operates 1,155 stores in 49 states. In support of the communities it serves, Kohl's has raised more than $231 million for children's initiatives nationwide through its Kohl's Cares® cause merchandise program, which operates under Kohl's Cares, LLC, a wholly-owned subsidiary of Kohl's Department Stores, Inc. For a list of store locations and information, or for the added convenience of shopping online, visit www.Kohls.com, join the discussion on Facebook (http://www.facebook.com/kohls) or Twitter (http://twitter.com/Kohls) or get inspired on Pinterest (http://pinterest.com/kohls/) and Instagram (http://instagram.com/kohls).

About JDRF

JDRF is the leading global organization funding type 1 diabetes (T1D) research. JDRF's goal is to progressively remove the impact of T1D from people's lives until we achieve a world without T1D. JDRF collaborates with a wide spectrum of partners and is the only organization with the scientific resources, regulatory influence, and a working plan to better treat, prevent, and eventually cure T1D. As the largest charitable supporter of T1D research, JDRF is currently sponsoring $530 million in scientific research in 17 countries. In 2012 alone, JDRF provided more than $110 million to T1D research. More than 80 percent of JDRF's expenditures directly support research and research-related education. In 2012, Forbes magazine named JDRF one of its five All-Star charities, citing the organization's efficiency and effectiveness. For more information, please visit jdrf.org.

Kohl's
Jen Johnson, (262) 703-5241
jen.johnson@kohls.com
or
Kohl's
Tami Kou, (262) 703-7725
tami.kou@kohls.com

KEYWORDS:   United States  North America  Wisconsin

INDUSTRY KEYWORDS:

Xerox Releases 2013 Global Citizenship Report

NORWALK, Conn.--(BUSINESS WIRE)-- Xerox (NYS: XRX) today released its annual Global Citizenship Report, which summarizes the company's efforts toward a sustainable enterprise including the significant advances Xerox made in the areas of energy, water conservation and waste.

The report cites achievement of several global corporate goals:

• The Energy Challenge 2012 program which led to a 42 percent reduction of greenhouse gas emissionsover the past 10 years.
• The Zero Waste to Landfill program which reached a historic 99.3 percent landfill avoidance rate for customer returned parts, supplies and equipment through reuse and recycling initiatives.
• The Water Conservation program which reduced water consumption by 17 percent during the past year.
• The successful culmination of the seventh year of the Xerox partnership with The Nature Conservancy.

In the report's letter to stakeholders, Ursula Burns, Xerox chairman and CEO, commented on the company's principle-backed practices toward a sustainable enterprise, noting that all of them align with the company's broader purpose to help simplify the way work gets done in organizations of any size and across the globe.

"Just about every request for proposal we see these days wants to know how we're making the world a better place - from our environmental stewardship and sustainability to ethical governance and community involvement," she wrote. "And in just about every case we can come up with a triple-bottom-line benefit - good for our customers, good for Xerox and good for the planet."

Last month, Xerox was recognized for its commitment to corporate social responsibility. For the sixth consecutive year, Xerox met the FTSE4Good criteria for corporate responsibility, social and stakeholder engagement, human rights and environmental actions. Created in 2001, the FTSE4Good Index is a series of benchmarks for socially responsible investors who want to measure performance using globally recognized standards.

View the complete report at www.xerox.com/citizenshipreport2013.

About Xerox

Since the invention of Xerography 75 years ago, the people of Xerox (NYS: XRX) have helped businesses simplify the way work gets done. Today, we are the global leader in business process and document management, helping organizations of any size be more efficient so they can focus on their real business. Headquartered in Norwalk, Conn., more than 140,000 Xerox employees serve clients in 160 countries, providing business services, printing equipment and software for commercial and government organizations. Learn more at www.xerox.com.

Note: To receive RSS news feeds, visit http://news.xerox.com/rss. For open commentary, industry perspectives and views visit http://www.linkedin.com/company/xerox, http://twitter.com/xeroxcorp, http://realbusinessatxerox.blogs.xerox.com, http://www.facebook.com/XeroxCorp, http://www.youtube.com/XeroxCorp.

Xerox^® and Xerox and Design^® are trademarks of Xerox in the United States and/or other countries.

Media:
Xerox
Bill Mckee, +1-585-423-4476
Bill.McKee@xerox.com

KEYWORDS:   United States  North America  Connecticut

INDUSTRY KEYWORDS:

Cintas Corporation Announces Webcast for First Quarter FY2014 Results

CINCINNATI--(BUSINESS WIRE)-- Cintas Corporation (NAS: CTAS) today announced that it will release first quarter fiscal year 2014 results on Thursday, September 19, 2013, after the market closes. The Company will conduct a conference call to address the financial results. A live webcast of the call will be available to individual investors and the public beginning at 5:00 p.m., Eastern Time, on Thursday, September 19, 2013.

The webcast will be available at www.Cintas.com (click on the webcast icon and then follow instructions). For those unable to listen to the live webcast, a replay will be available on the Company's web site beginning approximately two hours after the completion of the live call and will remain available for two weeks.

System requirements for the webcast are as follows:

Microsoft's Windows Media, downloaded free from
http://www.windowsmedia.com/download/download.asp

Headquartered in Cincinnati, Cintas Corporation provides highly specialized services to businesses of all types throughout North America. Cintas designs, manufactures and implements corporate identity uniform programs, and provides entrance mats, restroom supplies, first aid and safety products, fire protection services and document management services for over one million businesses. Cintas is a publicly held company traded over the Nasdaq Global Select Market under the symbol CTAS and a component of the Standard & Poor's 500 Index.

Questions concerning the webcast or conference call should be directed to:

Judy Girty
(513) 573-4915
girtyj@cintas.com

Cintas Corporation
Judy Girty, 513-573-4915
girtyj@cintas.com

KEYWORDS:   United States  North America  Canada  Ohio

INDUSTRY KEYWORDS:

Kennedy Wilson and Partners Close $110M Multifamily Financing in Japan at 1.36% Fixed for Eight Years

Company has now refinanced entire Japanese portfolio at an average rate of 1.41% fixed and average maturity of January 2020

BEVERLY HILLS, Calif.--(BUSINESS WIRE)-- International real estate investment and services firm Kennedy Wilson today announced that KW Residential, LLC, the company's unconsolidated Japanese venture, refinanced part of its multifamily portfolio with a $110 million eight year fixed-rate loan at 1.36%.

"Since 2010, we have been able to lower our average interest rate across the portfolio from 2.6% to 1.4% thereby saving $22 million in interest payments over the term of our current loans," said Matt Windisch, executive vice president of Kennedy Wilson. "Additionally, over that same time period we have extended the average maturity of our financing from less than 1.4 years to more than 6.3 years."

The company's Japanese portfolio includes 50 multifamily buildings primarily located in Tokyo. Since 2010, the investment has produced $100 million in cash distributions to investors, including $47 million to Kennedy Wilson. As of June 30, 2013, Kennedy Wilson's book equity in this investment was $77 million.

Kennedy Wilson has been active in Japanese real estate since 1992, and in 2002, one of the company's former subsidiaries became one of the first U.S. real estate companies to go public in Japan.

About Kennedy Wilson

Founded in 1977, Kennedy Wilson is an international real estate investment and services company headquartered in Beverly Hills, CA with 24 offices in the U.S., U.K., Ireland, Spain and Japan. The company offers a comprehensive array of real estate services including auction, conventional sales, property services, research and investment management. Through its fund management and separate account businesses, Kennedy Wilson is a strategic investor of real estate investments in the U.S., Europe and Japan. For further information on Kennedy Wilson, please visit www.kennedywilson.com.

Kennedy Wilson
Christina Cha
VP of Corporate Communication
310-887-6294
ccha@kennedywilson.com
www.kennedywilson.com

KEYWORDS:   United States  North America  California

INDUSTRY KEYWORDS:

Columbia Laboratories Expands Board of Directors

Dr. Frank Armstrong and Dr. Nikin Patel Appointed Directors of the Company and Dr. Martyn Davies Appointed Advisor to its Board of Directors

BOSTON--(BUSINESS WIRE)-- Columbia Laboratories, Inc. (NAS: CBRX) today announced that its Board of Directors has appointed three experienced healthcare executives with over 65 years collective industry experience to its Board of Directors, effective immediately. Dr. Frank Armstrong and Dr. Nikin Patel have been appointed Directors of the Company, and Dr. Martyn Davies will serve as an Advisor to the Company's Board. Drs. Davies and Patel are co-founders of Molecular Profiles Ltd. ("Molecular Profiles").

Steve Kasnet, Chairman of Columbia's Board of Directors, said, "We are pleased to welcome Drs. Armstrong, Patel and Davies to our Board of Directors. We look forward to benefiting from the insight and vast industry experience these knowledgeable individuals will bring."

Dr. Frank Armstrong has over 20 years of experience in development and management at major pharmaceutical and leading biotechnology companies, spanning all aspects of the drug evaluation, development and commercialization processes. Dr. Armstrong led Medical Science and Innovation in R&D at Merck Serono and previously led Worldwide Product Development at Bayer AG and the Worldwide Medical Organization at Zeneca. He also served as CEO of Fulcrum Pharma plc and President and CEO of CuraGen Corp., among others.

Dr. Armstrong holds an honours degree and MBChB in Biochemistry and Medicine¹ from the University of Edinburgh in Scotland. He was elected as a Fellow of the Faculty of Pharmaceutical Physicians (FFPM) in 1994, and Fellow of Royal College of Physicians, Edinburgh (FRCPE) in 1993. He currently serves on the Boards of six healthcare companies: Summit plc (non-executive Chairman), Asceneuron SA (executive Chairman), Xceleron (Chairman), Actino Pharma, Entelos and CardioRentis (non-executive Director).

Dr. Nikin Patel is the founding Chief Executive Officer of Molecular Profiles. Dr. Patel has over 15 years' technical experience centered on pharmaceutical analysis and formulation development. His leadership was recognized externally through the U.K.'s most prestigious industry accolade, the Queen's Award for Enterprise, won by Molecular Profiles both in 2007 and 2011 in the Innovation category.

Dr. Patel holds a first class honours degree and Ph.D. in Pharmacy from the University of Nottingham, and is a Member of the Royal Pharmaceutical Society (MRPharmS). In addition to Columbia Laboratories, he is currently a director of Regentec Ltd, a regenerative medicine company.

Dr. Martyn Davies has over 30 years' experience in the pharmaceutical, biopharmaceutical and drug delivery fields. He co-founded Molecular Profiles in 1997 as a spin-out company from his academic laboratory, and served as the company's Founder-Chairman until its acquisition by Columbia Laboratories in September 2013. He played a key role in Molecular Profiles' strategic development and also in leading and consulting on many technical projects for clients. Dr. Davies is also a Professor at the University of Nottingham's School of Pharmacy.

Dr. Davies holds a first class honours degree in Pharmacy from Brighton Polytechnic and a Ph.D. from King's College, University of London. He has authored or co-authored more than 370 articles, is a Fellow of the Royal Society for Chemistry (FRSC) and Royal Pharmaceutical Society of Great Britain (FRPharmS), and is a past President of the Controlled Release Society (2011-12).

About Columbia Laboratories

Columbia Laboratories, Inc. is a profitable company with a rich heritage in drug development. The Company's revenue streams include sales and royalty revenues from CRINONE^® 8% (progesterone gel), which is marketed by Actavis, Inc. in the United States and by Merck Serono S.A. in over 60 foreign countries, and revenues from its wholly-owned subsidiary Molecular Profiles Ltd., a U.K.-based provider of pharmaceutical formulation development and manufacturing services. For more information, please visit www.columbialabs.com.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: This communication contains forward-looking statements, which statements are indicated by the words "may," "will," "plans," "believes," "expects," "intends," "anticipates," "potential," "should," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those projected in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. Factors that might cause future results to differ from the forward-looking statements include, but are not limited to, the following: the successful transfer of quality management and technical support for CRINONE manufacturing activities to Molecular Profiles; Molecular Profiles' ongoing ability to retain current and attract new customers; Columbia's ability to realize the expected level of savings from operational synergies related to the acquisition of Molecular Profiles; the effect of converting Molecular Profiles' financial statements from U.K. to U.S. GAAP; Actavis' and Merck Serono's success in marketing CRINONE for use in infertility in their respective markets; difficulties or delays in manufacturing; the availability and pricing of third-party sourced products and materials; successful compliance with FDA, MHRA and other governmental regulations applicable to manufacturing facilities, products and/or businesses; changes in laws and regulations; the ability to obtain and enforce patents and other intellectual property rights; the impact of competitive products and pricing; the cost of evaluating potential strategic transactions; the strength of the United States dollar relative to international currencies, particularly the British pound and euro; competitive economic and regulatory factors in the pharmaceutical and healthcare industry; general economic conditions; and other risks and uncertainties that may be detailed, from time-to-time, in Columbia's reports filed with the SEC including, but not limited to, its Annual Report on Form 10-K for the period ended December 31, 2012. Columbia does not undertake any responsibility to revise or update any forward-looking statements contained herein.

CRINONE^® is a registered trademark of Actavis, Inc. in the U.S. and of Merck Serono S.A. outside the U.S.

Molecular Profiles™ is a registered trademark of Molecular Profiles Ltd.

¹ The MBChB is awarded as M.D. in the United States.

Columbia Laboratories, Inc.
Jonathan Lloyd Jones, 617-639-1500
Vice President & CFO
or
The Trout Group LLC
Seth Lewis, 646-378-2952
Senior Vice President

KEYWORDS:   United States  North America  Massachusetts

INDUSTRY KEYWORDS:

Writers' Group Film Corp. Secures Equity Line Facility of US$10 Million From Dutchess Capital

Press Release Source: Writers' Group Film Corp. on September 16, 2013, 06:00 am EDT

LOS ANGELES--(BUSINESS WIRE)-- Writers' Group Film Corp. (OTCQB: WRIT) is pleased to announce that the Company has signed an investment agreement with Dutchess Opportunity Fund II for the purchase of up to US$10,000,000 of common stock. The equity line financing, which will be available to Writers' Group upon the effectiveness of a S1 registration statement, allows but does not require Writers' Group to sell up to US$10,000,000 of common stock to Dutchess at a 5% discount to market price during the 36 month term.

Writers' Group Film Corp. will use funds from this investment agreement to fund the production and marketing of its Front Row Networks' and Amiga Games' projects.

"We are thrilled with this financing arrangement," said Eric Mitchell, CEO of Writers' Group. "This financing will allow us to access the necessary funds that will allow us to jump into full-scale production of our products so that we can achieve our gaming and music project launch date goals. The equity line provides a low discount to market that will minimize dilution and allow us to maximize value for shareholders."

Douglas Leighton, founder and managing director of Dutchess, stated, "We are happy to be working with Writers' Group Film Corp. and are excited to implement the ELF for the company. We feel the structure allows the company the flexibility to draw funds as management dictates."

For more information please see the 8K filed with the Securities and Exchange Commission on September 13, 2013.

About Dutchess Capital

Dutchess Capital is an investment manager which provides creative financing for promising, growth-stage companies. Founded in 2000, funds managed by Dutchess have made over $200 million in direct investments in companies throughout North America, Europe and Asia. For almost a decade, Dutchess has been a global leader in Equity Line Facilities ("ELF") and has transacted in excess of $1.8 billion in such financings. The ELF is a flexible financing structure by which publicly traded companies can raise capital quickly and more efficiently than most traditional offerings.

About Writers' Group Film Corp.

Writers' Group Film Corp is a Delaware corporation incorporated on March 9, 2007 which operates two wholly-owned subsidiaries, Front Row Networks and Amiga Games.

Front Row Networks Inc. has developed an innovative, low-risk business model that focuses on providing best-in-class production, distribution and marketing capabilities to create new 3D live event theatrical motion pictures. Front Row Networks operates as a full service production and distribution partner to rights owners, enabling the turnkey development, production and distribution of alternative theatrical content including music concerts, sporting events, stage shows and other event programming.

Amiga Games Inc.licenses classic pre-Windows computer game libraries and republishes the most popular titles for smartphones, modern game consoles, PCs, and tablets. The Company builds on the "Amiga" and other "MS-DOS" brands and technologies to create new revenue from publisher's dormant game libraries.

Cautionary Note Regarding Forward-Looking Statements

Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those predicted by such forward-looking statements. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including, but not limited to, those discussed in Writers' Group Film Corp.'s latest 10-Q filed August 16, 2013. The company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Companies: WRITERS' GROUP FILM CORP. (OTCBQ:WRIT) , AMIGA GAMES INC. , FRONT ROW NETWORKS INC. , DUTCHESS CAPITAL

Writers' Group Film Corp. and Front Row Networks, Inc.:
Rebecca Bieker, 310-461-3737
or
Amiga Games Inc.:
425-310-2146
info@frnetworks.com
info@amigagamesinc.com
www.FRNetworks.com
www.AmigaGamesInc.com
or
Dutchess Capital:
cquin@dutchesscapital.com
617-301-4709

KEYWORDS:   United States  North America  California  Delaware

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